Czech National Bank
Long book
$15.22B
Q1 2026
Positions
503
Top-10 weight
37%
concentration
Last quarter
+14.9%
SPY +14.8%
Turnover
2%
of book per quarter
Strategy in plain words
auto-generated from filingsCzech National Bank is an institutional manager, running a $15.22B US long book across 503 positions.
The portfolio is moderately concentrated (top 10 ≈ 37% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, AMAZON.COM INC, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0pp per quarter ahead of the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+4.3%
Q2 2024
+5.9%
Q3 2024
+2.4%
Q4 2024
-4.3%
Q1 2025
+10.9%
Q2 2025
+8.1%
Q3 2025
+2.7%
Q4 2025
-4.4%
Q1 2026
+14.9%
Sector allocation
Technology 41%
Financials 11%
Industrials 11%
Consumer discretionary 9%
Healthcare 8%
Services media 5%
Energy 3%
Utilities 3%
Long book by quarter
What does Czech National own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 6.6M | $1.15B | 7.6% | +3.3% |
| AAPL APPLE INC | Technology | 4.0M | $1.01B | 6.7% | +2.6% |
| MSFT MICROSOFT CORP | Technology | 2.0M | $748.6M | 4.9% | +3.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.7M | $554.1M | 3.6% | +3.7% |
| GOOGL ALPHABET INC-CL A | Technology | 1.6M | $456.0M | 3.0% | +3.4% |
| AVGO BROADCOM INC | Technology | 1.3M | $399.7M | 2.6% | +3.7% |
| GOOG ALPHABET INC-CL C | Technology | 1.3M | $365.4M | 2.4% | +3.9% |
| META META PLATFORMS INC-CLASS A | Technology | 595.7K | $340.8M | 2.2% | +3.7% |
| TSLA TESLA INC | Industrials | 766.0K | $284.7M | 1.9% | +3.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 499.4K | $239.3M | 1.6% | +3.3% |
| JPM JPMORGAN CHASE & CO | Financials | 734.3K | $216.0M | 1.4% | +2.3% |
| LLY ELI LILLY & CO | Healthcare | 215.8K | $198.5M | 1.3% | +3.1% |
| XOM EXXON MOBIL CORP | Energy | 1.1M | $193.1M | 1.3% | +2.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 656.3K | $160.4M | 1.1% | +3.3% |
| WMT WALMART INC | Consumer discretionary | 1.2M | $148.4M | 1.0% | +3.3% |
| V VISA INC-CLASS A SHARES | Services media | 457.8K | $138.4M | 0.9% | +2.9% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 120.9K | $120.5M | 0.8% | +3.4% |
| MA MASTERCARD INC - A | Services media | 221.8K | $110.8M | 0.7% | +2.6% |
| NFLX NETFLIX INC | Services media | 1.1M | $110.6M | 0.7% | +2.9% |
| CVX CHEVRON CORP | Energy | 510.5K | $105.6M | 0.7% | +2.3% |
| ABBV ABBVIE INC | Healthcare | 481.3K | $104.7M | 0.7% | +3.3% |
| MU MICRON TECHNOLOGY INC | Technology | 306.5K | $103.6M | 0.7% | +3.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 632.9K | $91.4M | 0.6% | +2.7% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 622.1K | $91.0M | 0.6% | +3.3% |
| AMD ADVANCED MICRO DEVICES | Technology | 444.0K | $90.3M | 0.6% | +3.4% |
| CAT CATERPILLAR INC | Industrials | 126.7K | $89.8M | 0.6% | +2.7% |
| HD HOME DEPOT INC | Consumer discretionary | 271.1K | $89.2M | 0.6% | +3.3% |
| BAC BANK OF AMERICA CORP | Financials | 1.8M | $88.1M | 0.6% | +2.0% |
| CSCO CISCO SYSTEMS INC | Technology | 1.1M | $83.5M | 0.5% | +3.6% |
| MRK MERCK & CO. INC. | Healthcare | 676.0K | $81.3M | 0.5% | +3.3% |
| GE GENERAL ELECTRIC | Industrials | 285.6K | $81.1M | 0.5% | +2.7% |
| KO COCA-COLA CO/THE | Consumer staples | 1.1M | $80.2M | 0.5% | +3.3% |
| AMAT APPLIED MATERIALS INC | Technology | 216.2K | $73.9M | 0.5% | +2.9% |
| LRCX LAM RESEARCH CORP | Industrials | 340.1K | $72.7M | 0.5% | +2.7% |
| RTX RTX CORP | Industrials | 365.6K | $70.5M | 0.5% | +3.4% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 424.0K | $70.1M | 0.5% | +3.3% |
| GS GOLDMAN SACHS GROUP INC | Financials | 81.7K | $69.1M | 0.5% | +3.3% |
| ORCL ORACLE CORP | Technology | 461.8K | $67.9M | 0.4% | +4.1% |
| WFC WELLS FARGO & CO | Financials | 842.3K | $67.1M | 0.4% | +1.8% |
| UNH UNITEDHEALTH GROUP INC | Financials | 246.7K | $66.8M | 0.4% | +3.3% |
| GEV GE VERNOVA INC | Industrials | 73.4K | $64.1M | 0.4% | +2.6% |
| LIN LINDE PLC | Materials | 127.2K | $63.0M | 0.4% | +3.3% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 254.6K | $61.7M | 0.4% | +3.3% |
| MCD MCDONALD'S CORP | Consumer discretionary | 194.0K | $60.3M | 0.4% | +3.3% |
| PEP PEPSICO INC | Consumer staples | 372.2K | $57.8M | 0.4% | +3.2% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 1.1M | $57.7M | 0.4% | +3.3% |
| INTC INTEL CORP | Technology | 1.3M | $56.4M | 0.4% | +8.2% |
| T AT&T INC | Communications | 1.9M | $55.3M | 0.4% | +2.0% |
| C CITIGROUP INC | Financials | 475.9K | $54.0M | 0.4% | +0.9% |
| MS MORGAN STANLEY | Financials | 327.7K | $53.9M | 0.4% | +2.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 13, 2026 | 503 | $15.22B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 12, 2026 | 503 | $15.41B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 8, 2025 | 503 | $14.49B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 9, 2025 | 504 | $12.83B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 9, 2025 | 503 | $10.92B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 13, 2025 | 503 | $10.80B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR/ARESTATEMENT | Oct 7, 2024 | 504 | $9.92B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 3, 2024 | 504 | $9.92B | SEC ↗ | |
| Q2 2024 | 13F-HR | Jul 15, 2024 | 503 | $8.74B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 10, 2024 | 503 | $7.76B | canonical | SEC ↗ |
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