Swiss National Bank Bolsters Stake in Cloud Security Firm Rubrik

The Swiss National Bank has increased its stake in Rubrik, Inc., a cloud data management and security company. According to a recent 13F filing with the Securities & Exchange Commission, the bank's holdings in Rubrik grew by 5.5% during the first quarter.

The fund now owns approximately 292,100 shares of Rubrik's stock, valued at $14.3 million. This represents about 0.14% of the company's outstanding shares.

Other institutional investors have also increased their stakes in Rubrik recently. Norges Bank purchased a new stake in the company in the fourth quarter, worth around $345.9 million. First Trust Advisors LP raised its stake by 42.8% during the same period.