Bank Pictet & Cie (Europe) AG

Fundamental diversified ★Signal CIK 1123274
League rank
#537
in Fundamental diversified · #3587 overall
Long book
$4.69B
Q1 2026
Positions
202
Top-10 weight
46%
concentration
Last quarter
+11.8%
SPY +14.8%
Turnover
13%
of book per quarter

Strategy in plain words

auto-generated from filings

Bank Pictet & Cie (Europe) AG is a diversified fundamental manager, running a $4.69B US long book across 202 positions.

The portfolio is moderately concentrated (top 10 ≈ 46% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, AMAZON.COM INC, ALPHABET INC-CL A, MICROSOFT CORP, VISA INC-CLASS A SHARES.

Over the last 9 quarters its long book ran on average 1.3pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+5.6%
Q2 2024
+2.3%
Q3 2024
+1.7%
Q4 2024
-5.5%
Q1 2025
+10.5%
Q2 2025
+6.1%
Q3 2025
+3.1%
Q4 2025
-6.7%
Q1 2026
+11.8%

Sector allocation

Technology
40%
Consumer discretionary
14%
Healthcare
10%
Financials
8%
Services media
7%
Energy
6%
Materials
4%
Industrials
4%

Long book by quarter

$3.83B
Q1 2024
$4.09B
Q2 2024
$4.23B
Q3 2024
$4.56B
Q4 2024
$4.19B
Q1 2025
$4.68B
Q2 2025
$5.01B
Q3 2025
$5.01B
Q4 2025
$4.69B
Q1 2026

What does Bank Pictet own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology2.2M$382.7M8.2%-2.3%
AMZN AMAZON.COM INCConsumer discretionary1.7M$359.0M7.7%-5.9%
GOOGL ALPHABET INC-CL ATechnology1.2M$351.4M7.5%-4.9%
MSFT MICROSOFT CORPTechnology862.9K$318.0M6.8%-5.0%
V VISA INC-CLASS A SHARESServices media618.1K$186.8M4.0%+8.2%
AAPL APPLE INCTechnology520.2K$132.0M2.8%-7.6%
COST COSTCO WHOLESALE CORPConsumer discretionary117.3K$116.8M2.5%Held
TTE TOTALENERGIES SEEnergy1.2M$115.7M2.5%+71.7%
META META PLATFORMS INC-CLASS ATechnology198.7K$113.7M2.4%-0.1%
AVGO BROADCOM INCTechnology318.5K$98.6M2.1%+15.4%
LIN LINDE PLCMaterials181.7K$90.1M1.9%+66.9%
SLB SLB LTDEnergy1.7M$88.7M1.9%+13.1%
ABBV ABBVIE INCHealthcare404.1K$87.9M1.9%-4.0%
CTAS CINTAS CORPOther514.6K$87.0M1.9%0.0%
ISRG INTUITIVE SURGICAL INCHealthcare188.8K$87.0M1.9%-1.3%
GOOG ALPHABET INC-CL CTechnology291.2K$83.5M1.8%-11.1%
DHR DANAHER CORPTechnology361.0K$68.5M1.5%-1.5%
RRC RANGE RESOURCES CORPEnergy1.4M$64.5M1.4%+37.5%
BRK/A BERKSHIRE HATHAWAY INC-CL AFinancials89$63.9M1.4%Held
JPM JPMORGAN CHASE & COFinancials202.4K$59.5M1.3%-0.3%
ETN EATON CORP PLCIndustrials166.1K$59.4M1.3%-5.9%
UNH UNITEDHEALTH GROUP INCFinancials200.2K$54.2M1.2%-3.9%
WFC WELLS FARGO & COFinancials661.4K$52.7M1.1%-13.0%
ORLY O'REILLY AUTOMOTIVE INCConsumer discretionary569.0K$52.5M1.1%+4.2%
PM PHILIP MORRIS INTERNATIONALConsumer staples315.5K$52.2M1.1%+4.7%
IDXX IDEXX LABORATORIES INCMaterials89.0K$50.0M1.1%Held
SYK STRYKER CORPHealthcare146.2K$48.1M1.0%-6.9%
LLY ELI LILLY & COHealthcare51.6K$47.5M1.0%-13.7%
MCD MCDONALD'S CORPConsumer discretionary144.0K$44.8M1.0%-10.4%
ZTS ZOETIS INCHealthcare358.6K$42.4M0.9%-2.7%
NG NOVAGOLD RESOURCES INCMaterials4.7M$42.0M0.9%-17.6%
CRM SALESFORCE INCTechnology220.5K$41.2M0.9%+5.2%
BSX BOSTON SCIENTIFIC CORPHealthcare641.2K$40.2M0.9%+315.0%
AMD ADVANCED MICRO DEVICESTechnology191.2K$38.9M0.8%-0.5%
MRSH MARSH & MCLENNAN COSFinancials202.3K$35.1M0.7%-11.2%
OC OWENS CORNINGIndustrials308.3K$33.4M0.7%-10.2%
PSKY PARAMOUNT SKYDANCE CL BCommunications3.5M$31.8M0.7%+39.1%
BA BOEING CO/THEIndustrials156.5K$31.1M0.7%Held
MRK MERCK & CO. INC.Healthcare237.8K$28.6M0.6%-6.4%
TRGP TARGA RESOURCES CORPUtilities103.4K$25.9M0.6%+10.1%
BAC BANK OF AMERICA CORPFinancials497.2K$24.2M0.5%-7.9%
UBER UBER TECHNOLOGIES INCServices media327.7K$23.6M0.5%+1.1%
NOW SERVICENOW INCTechnology195.5K$20.4M0.4%+10467.9%
SHOP SHOPIFY INC - CLASS ATechnology168.0K$19.9M0.4%New
MA MASTERCARD INC - AServices media39.8K$19.9M0.4%-7.7%
GILD GILEAD SCIENCES INCHealthcare142.2K$19.8M0.4%-6.4%
CVNA CARVANA COConsumer discretionary62.5K$19.6M0.4%New
CMG CHIPOTLE MEXICAN GRILL INCConsumer discretionary594.6K$19.0M0.4%-37.8%
WM WASTE MANAGEMENT INCUtilities79.5K$18.3M0.4%-8.4%
TXN TEXAS INSTRUMENTS INCTechnology93.1K$18.1M0.4%+8.0%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 14, 2026207$4.69B canonicalSEC ↗
Q4 202513F-HRJan 16, 2026199$5.01B canonicalSEC ↗
Q3 202513F-HROct 21, 2025199$5.01B canonicalSEC ↗
Q2 202513F-HRJul 16, 2025197$4.68B canonicalSEC ↗
Q1 202513F-HRApr 17, 2025186$4.19B canonicalSEC ↗
Q4 202413F-HR/ARESTATEMENTMar 5, 2025166$4.56B canonicalSEC ↗
Q4 202413F-HRJan 30, 2025166$4.56B SEC ↗
Q3 202413F-HROct 22, 2024153$4.23B canonicalSEC ↗
Q2 202413F-HRJul 25, 2024154$4.11B canonicalSEC ↗
Q1 202413F-HRMay 7, 2024168$3.85B canonicalSEC ↗