SNB expands US equity.

SNB Lifts Verizon and Amphenol Stakes by Over 7%

The SNB added 820,100 shares of Verizon in Q1, bringing its total to 12,374,198 shares, according to Watchlist News. That position is now worth about $621 million. The purchase comes as Verizon pursues a store-consolidation and workforce-reduction strategy that has drawn attention from investors and analysts alike.

In Amphenol — a maker of electrical connectors — the SNB added 246,600 shares, lifting its stake to 3,592,300 shares worth roughly $454 million. That buy came even as CEO Richard Adam Norwitt sold 61,072 shares on May 1, reducing his personal holding to about 1,927,507 shares valued near $277 million, per Watchlist News.

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Deere and AppLovin Positions Each Grow 7.1%

The SNB picked up 50,280 more shares of Deere & Company during the quarter, pushing its total to 754,040 shares worth about $425 million, according to Watchlist News. Other large institutional investors also expanded their Deere positions during the same period, signaling broad confidence in the farm-equipment giant.

AppLovin, the mobile advertising tech firm, also saw SNB buying. The bank grew its position 7.1% to 677,030 shares, now worth around $269 million. That said, insiders were selling. CTO Vasily Shikin offloaded 62,804 shares on May 22 for about $30.42 million, and executive Victoria Valenzuela sold 20,000 shares on June 4, per Watchlist News.

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Capital One Stake Rises Amid Bullish Analyst Sentiment

The SNB raised its Capital One Financial position by 6.5% in Q1, adding shares to reach a total of 1,865,716, worth roughly $340 million, according to Watchlist News. The move aligns with a broadly positive outlook on the stock. Multiple analyst firms have reaffirmed or raised bullish price targets in recent months, and the stock carries a consensus 'Moderate Buy' rating.

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SNB's U.S. Buying Spree Spans Sectors Beyond These Five

The Q1 buying was not limited to these five names. The SNB also grew its stake in Boston Scientific by 7.1% to 4,350,600 shares, bought into Howmet Aerospace at a 6.8% increase to 1,120,884 shares, and added to Stryker Corporation, lifting that position 7.1% to 1,010,100 shares, per Watchlist News. The bank also raised its TJX Companies holding by 6.9%, putting that position at roughly $520 million.

Taken together, the SNB's first-quarter moves show a deliberate, broad-based push into U.S. equities. The increases — all clustered tightly between 6.5% and 7.4% — suggest a systematic rebalancing rather than targeted bets on individual companies or sectors.

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