CIK: 0001908923
申报总市值
US$183.5亿
申报季度: 2026-06-30 · 持股只数: 503
Czech National Bank在最新一期 13F 报告中披露了 503 项持股，申报期为 2026-06-30，总持股市值约为 US$183.5亿，季度换手率为 23.3%。
Czech National Bank 目前披露的持仓，Herfindahl 集中度指数为 0.019——换算下来相当于约 51 个等权重仓位，明显低于其实际披露的 503 只持仓。这一差距显示该机构的策略偏向集中在少数高信心仓位，而非广泛分散。
整体仓位大小差异较大（变异系数为 2.97），除少数重仓仓位外，还有许多规模较小的持仓。
最新申报季度中，并未观察到明显偏向加仓既有大仓位或大举建立新仓位的倾向。
加仓 MU
+4.7% US$2.7亿
加仓 AMD
+4.5% US$1.8亿
加仓 INTC
+5.2% US$1.3亿
减仓 MSFT
+4.6% US$4011.1万
加仓 AMAT
+4.5% US$8943.7万
新建仓 MRVL
捷克央行本季度完全摒弃了储备管理的保守套路，转身进行高集中度的阿尔法搏杀——大幅增持MU、AMD、INTC等基本面承压的半导体标的，信息技术仓位占比直逼39%，这是一次明确的左侧布局，而非被动调仓。
这套组合押注的是半导体库存周期触底、AI算力投资启动新一轮需求周期。但对立观点同样强硬：AI资本开支正接近历史高峰，半导体已经成为交易最拥挤的板块，一家央行在这个节点大举接货个股，风险与收益严重不对等。
最根本的结构缺陷在于，组合的净值表现已经彻底成为半导体景气度的单一函数。即便账面分散度很高，但实际风险暴露集中在一个产业链条，一旦库存恢复证伪或地缘供应出现波动，没有任何跨资产保护机制兜底。央行自身的风险框架已被这一次操作实质架空。
本内容为 AI 辅助生成，取材自公开监管披露资料，仅涵盖历史数据，不能取代专业投资建议。
仅显示前 200 大持股（共 503 只）
| # | 代码 | 标的名称 | 资产子类别 | 占比 | 占比变动 | 持仓量变化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | 股票-科技 | 7.52% | -0.06% | +4.17% | |
| 2 | AAPL | Apple INC | 股票-科技 | 6.59% | -0.08% | +4.56% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 4.30% | -0.62% | +4.55% | |
| 4 | AMZN | Amazon.com INC | 股票-周期性消费 | 3.62% | -0.02% | +4.73% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 3.25% | +0.26% | +5.26% | |
| 6 | AVGO | Broadcom INC | 股票-科技 | 2.77% | +0.14% | +4.37% | |
| 7 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 2.59% | +0.19% | +5.62% | |
| 8 | MU | Micron Technology INC | 股票-科技 | 2.02% | +1.34% | +4.72% | |
| 9 | META | Meta Platforms Inc-class A | 股票-通信服务 | 1.92% | — | +4.94% | |
| 10 | TSLA | Tesla INC | 股票-周期性消费 | 1.84% | -0.03% | +4.62% | |
| 11 | LLY | Eli Lilly & Co | 股票-医疗保健 | 1.47% | +0.17% | +4.33% | |
| 12 | AMD | Advanced Micro Devices | 股票-科技 | 1.47% | +0.88% | +4.53% | |
| 13 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.42% | -0.15% | +4.49% | |
| 14 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.36% | -0.06% | +3.87% | |
| 15 | INTC | Intel CORP | 股票-科技 | 1.02% | +0.65% | +5.16% | |
| 16 | JNJ | Johnson & Johnson | 股票-医疗保健 | 0.95% | — | +4.40% | |
| 17 | AMAT | Applied Materials INC | 股票-科技 | 0.89% | +0.40% | +4.50% | |
| 18 | V | Visa Inc-class A Shares | 股票-金融 | 0.88% | -0.03% | +3.18% | |
| 19 | XOM | Exxon Mobil CORP | 股票-能源 | 0.88% | -0.39% | +3.66% | |
| 20 | LRCX | Lam Research CORP | 股票-科技 | 0.84% | +0.36% | +4.66% | |
| 21 | WMT | Walmart INC | 股票-非周期性消费 | 0.77% | — | +4.52% | |
| 22 | CAT | Caterpillar INC | 股票-工业 | 0.76% | +0.17% | +3.46% | |
| 23 | CSCO | Cisco Systems INC | 股票-科技 | 0.72% | +0.17% | +4.48% | |
| 24 | ABBV | Abbvie INC | 股票-医疗保健 | 0.69% | — | +4.48% | |
| 25 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 0.64% | — | +4.46% | |
| 26 | MA | Mastercard INC - A | 股票-金融 | 0.64% | — | +3.55% | |
| 27 | KLAC | Kla CORP | 股票-科技 | 0.61% | +0.26% | +941.56% | |
| 28 | GE | General Electric | 股票-工业 | 0.60% | +0.07% | +3.97% | |
| 29 | UNH | Unitedhealth Group INC | 股票-医疗保健 | 0.59% | +0.15% | +4.78% | |
| 30 | BAC | Bank Of America CORP | 股票-金融 | 0.58% | — | +2.83% | |
| 31 | HD | Home Depot INC | 股票-周期性消费 | 0.54% | — | +4.57% | |
| 32 | PG | Procter & Gamble Co/the | 股票-非周期性消费 | 0.53% | — | +4.72% | |
| 33 | SNDK | Sandisk CORP | 股票-科技 | 0.52% | +0.35% | +4.86% | |
| 34 | MRK | Merck & Co. INC. | 股票-医疗保健 | 0.49% | — | +4.00% | |
| 35 | GEV | GE Vernova INC | 股票-工业 | 0.49% | +0.07% | +4.20% | |
| 36 | KO | Coca-cola Co/the | 股票-非周期性消费 | 0.49% | — | +4.53% | |
| 37 | CVX | Chevron CORP | 股票-能源 | 0.48% | -0.21% | +4.38% | |
| 38 | NFLX | Netflix INC | 股票-通信服务 | 0.47% | -0.26% | +4.23% | |
| 39 | GS | Goldman Sachs Group INC | 股票-金融 | 0.46% | +0.01% | +2.80% | |
| 40 | PM | Philip Morris International | 股票-非周期性消费 | 0.44% | — | +4.64% | |
| 41 | PANW | Palo Alto Networks INC | 股票-科技 | 0.43% | +0.20% | +4.89% | |
| 42 | TXN | Texas Instruments INC | 股票-科技 | 0.42% | +0.10% | +4.81% | |
| 43 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.42% | -0.18% | +5.05% | |
| 44 | IBM | Intl Business Machines CORP | 股票-科技 | 0.41% | — | +5.09% | |
| 45 | MRVL | Marvell Technology INC | 股票-科技 | 0.40% | +0.40% | NEW | |
| 46 | RTX | Rtx CORP | 股票-工业 | 0.40% | — | +4.86% | |
| 47 | WFC | Wells Fargo & Co | 股票-金融 | 0.39% | — | +3.42% | |
| 48 | MS | Morgan Stanley | 股票-金融 | 0.39% | +0.04% | +4.14% | |
| 49 | ORCL | Oracle CORP | 股票-科技 | 0.39% | — | +4.58% | |
| 50 | LIN | Linde plc | 股票-原材料 | 0.37% | — | +3.48% |
Q3 2026表现
+3.1%
近4个季度表现
+22.5%
基于可获取价格的持仓（占申报价值的76%）计算
| 季度 | 持股只数 | 总市值 | 稳定性 | 主要持股 |
|---|---|---|---|---|
| 2026-06-30 | 503 | US$183.5亿 | 23 | |
| 2026-03-31 | 503 | US$152.2亿 | 13 | |
| 2025-12-31 | 503 | US$154.1亿 | 11 | |
| 2025-09-30 | 503 | US$144.9亿 | 29 | |
| 2025-06-30 | 504 | US$128.3亿 | 0 | |
| 2025-03-31 | 503 | US$109.2亿 | 0 | |
| 2024-12-31 | 503 | US$108.0亿 | 0 | |
| 2024-09-30 | 504 | US$99.2亿 | 0 | |
| 2024-06-30 | 503 | US$87.4亿 | 0 | |
| 2024-03-31 | 503 | US$77.6亿 | 0 | |
| 2023-12-31 | 503 | US$70.1亿 | 0 | |
| 2023-09-30 | 503 | US$62.8亿 | 0 | |
| 2023-06-30 | 503 | US$44.0亿 | 0 | |
| 2023-03-31 | 503 | US$40.5亿 | 0 | |
| 2022-12-31 | 503 | US$37.6亿 | 0 | |
| 2022-09-30 | 503 | US$35.0亿 | 0 |
Czech National Bank 在 2026-06-30 最显著的持仓异动： 新建仓: Marvell Technology INC (MRVL); 清仓: Honeywell International INC (HON); 新建仓: ; 新建仓: ; 新建仓: Flex Ltd. (FLEX).
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology INC | +1.3% | +4.72% | 加仓 |
| 2 | AMD | Advanced Micro Devices | +0.9% | +4.53% | 加仓 |
| 3 | INTC | Intel CORP | +0.7% | +5.16% | 加仓 |
| 4 | AMAT | Applied Materials INC | +0.4% | +4.50% | 加仓 |
| 5 | MRVL | Marvell Technology INC | +0.4% | NEW | 新建仓 |
| 6 | LRCX | Lam Research CORP | +0.4% | +4.66% | 加仓 |
| 7 | SNDK | Sandisk CORP | +0.4% | +4.86% | 加仓 |
| 8 | GOOGL | Alphabet Inc-cl A | +0.3% | +5.26% | 加仓 |
| 9 | KLAC | Kla CORP | +0.3% | +941.56% | 加仓 |
| 10 | PANW | Palo Alto Networks INC | +0.2% | +4.89% | 加仓 |
| 11 | GOOG | Alphabet Inc-cl C | +0.2% | +5.62% | 加仓 |
| 12 | STX | Seagate Technology Holdings plc | +0.2% | +7.46% | 加仓 |
| 13 | WDC | Western Digital CORP | +0.2% | +6.25% | 加仓 |
| 14 | LLY | Eli Lilly & Co | +0.2% | +4.33% | 加仓 |
| 15 | CAT | Caterpillar INC | +0.2% | +3.46% | 加仓 |
| 16 | CSCO | Cisco Systems INC | +0.2% | +4.48% | 加仓 |
| 17 | UNH | Unitedhealth Group INC | +0.2% | +4.78% | 加仓 |
| 18 | AVGO | Broadcom INC | +0.1% | +4.37% | 加仓 |
| 19 | CRWD | Crowdstrike Holdings INC - A | +0.1% | +5.52% | 加仓 |
| 20 | GLW | Corning INC | +0.1% | +4.84% | 加仓 |
| 21 | ✓ | +0.1% | NEW | 新建仓 | |
| 22 | ✓ | +0.1% | NEW | 新建仓 | |
| 23 | TXN | Texas Instruments INC | +0.1% | +4.81% | 加仓 |
| 24 | DELL | Dell Technologies -c | +0.1% | +1.73% | 加仓 |
| 25 | FLEX | Flex Ltd. | +0.1% | NEW | 新建仓 |
| 26 | GE | General Electric | +0.1% | +3.97% | 加仓 |
| 27 | GEV | GE Vernova INC | +0.1% | +4.20% | 加仓 |
| 28 | APH | Amphenol Corp-cl A | +0.1% | +4.60% | 加仓 |
| 29 | DDOG | Datadog INC - Class A | +0.1% | +5.33% | 加仓 |
| 30 | QCOM | Qualcomm INC | +0.1% | +3.24% | 加仓 |
| 31 | MS | Morgan Stanley | 0% | +4.14% | 加仓 |
| 32 | ANET | Arista Networks INC | 0% | +4.51% | 加仓 |
| 33 | C | Citigroup INC | 0% | +2.01% | 加仓 |
| 34 | GS | Goldman Sachs Group INC | 0% | +2.80% | 加仓 |
| 35 | ABBV | Abbvie INC | — | +4.48% | 加仓 |
| 36 | BAC | Bank Of America CORP | — | +2.83% | 加仓 |
| 37 | AMZN | Amazon.com INC | 0% | +4.73% | 加仓 |
| 38 | TSLA | Tesla INC | 0% | +4.62% | 加仓 |
| 39 | V | Visa Inc-class A Shares | 0% | +3.18% | 加仓 |
| 40 | NVDA | Nvidia CORP | -0.1% | +4.17% | 加仓 |
| 41 | JPM | Jpmorgan Chase & Co | -0.1% | +3.87% | 加仓 |
| 42 | AAPL | Apple INC | -0.1% | +4.56% | 加仓 |
| 43 | T | At&t INC | -0.1% | +3.73% | 加仓 |
| 44 | BRK-B | Berkshire Hathaway Inc-cl B | -0.2% | +4.49% | 加仓 |
| 45 | PLTR | Palantir Technologies Inc-a | -0.2% | +5.05% | 加仓 |
| 46 | CVX | Chevron CORP | -0.2% | +4.38% | 加仓 |
| 47 | HON | Honeywell International INC | -0.3% | EXIT | 清仓 |
| 48 | NFLX | Netflix INC | -0.3% | +4.23% | 加仓 |
| 49 | XOM | Exxon Mobil CORP | -0.4% | +3.66% | 加仓 |
| 50 | MSFT | Microsoft CORP | -0.6% | +4.55% | 加仓 |
| 季度 | 申报日期 | 类型 | EDGAR |
|---|---|---|---|
| 2026-06-30 | 2026-07-08 | 13F-HR | 在 EDGAR 上查看 |
| 2026-03-31 | 2026-04-13 | 13F-HR | 在 EDGAR 上查看 |
| 2025-12-31 | 2026-01-12 | 13F-HR | 在 EDGAR 上查看 |
| 2025-09-30 | 2025-10-08 | 13F-HR | 在 EDGAR 上查看 |
| 2025-06-30 | 2025-07-09 | 13F-HR | 在 EDGAR 上查看 |
| 2025-03-31 | 2025-04-09 | 13F-HR | 在 EDGAR 上查看 |
| 2024-12-31 | 2025-01-13 | 13F-HR | 在 EDGAR 上查看 |
| 2024-09-30 | 2024-10-07 | 修正案 | 在 EDGAR 上查看 |
| 2024-09-30 | 2024-10-03 | 13F-HR | 在 EDGAR 上查看 |
| 2024-06-30 | 2024-07-15 | 13F-HR | 在 EDGAR 上查看 |
| 2024-03-31 | 2024-04-10 | 13F-HR | 在 EDGAR 上查看 |
| 2023-12-31 | 2024-01-08 | 13F-HR | 在 EDGAR 上查看 |
| 2023-09-30 | 2023-10-19 | 13F-HR | 在 EDGAR 上查看 |
| 2023-06-30 | 2023-07-11 | 13F-HR | 在 EDGAR 上查看 |
| 2023-03-31 | 2023-04-17 | 13F-HR | 在 EDGAR 上查看 |
| 2022-12-31 | 2023-01-18 | 13F-HR | 在 EDGAR 上查看 |
| 2022-09-30 | 2022-10-31 | 13F-HR | 在 EDGAR 上查看 |
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