Banque Cantonale Vaudoise
Long book
$2.66B
Q1 2026
Positions
875
Top-10 weight
34%
concentration
Last quarter
+17.1%
SPY +14.8%
Turnover
19%
of book per quarter
Strategy in plain words
auto-generated from filingsBanque Cantonale Vaudoise is an institutional manager, running a $2.66B US long book across 875 positions.
The portfolio is moderately concentrated (top 10 ≈ 34% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: UBS GROUP AG-REG, NVIDIA CORP, APPLE INC, MICROSOFT CORP, ALCON INC.
Over the last 8 quarters its long book ran on average 0.1pp per quarter ahead of the S&P 500, beating the index in 3 of 8 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
+3.6%
Q2 2024
+7.1%
Q3 2024
+0.4%
Q1 2025
+10.3%
Q2 2025
+7.9%
Q3 2025
+3.9%
Q4 2025
-5.1%
Q1 2026
+17.1%
Sector allocation
Technology 33%
Financials 20%
Healthcare 11%
Industrials 10%
Consumer discretionary 6%
Services media 5%
Other 4%
Utilities 3%
Long book by quarter
What does Banque Cantonale own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| UBS UBS GROUP AG-REG | Financials | 7.1M | $273.1M | 10.3% | +6.0% |
| NVDA NVIDIA CORP | Technology | 631.5K | $110.1M | 4.1% | +4.3% |
| AAPL APPLE INC | Technology | 338.4K | $85.9M | 3.2% | -13.6% |
| MSFT MICROSOFT CORP | Technology | 224.0K | $82.9M | 3.1% | +4.4% |
| ALC ALCON INC | Healthcare | 1.1M | $82.8M | 3.1% | +8.4% |
| GOOGL ALPHABET INC-CL A | Technology | 255.6K | $73.5M | 2.8% | -1.4% |
| AVGO BROADCOM INC | Technology | 220.0K | $68.1M | 2.6% | +1.5% |
| AMRZ AMRIZE LTD | Industrials | 941.5K | $50.9M | 1.9% | +16.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 236.3K | $49.2M | 1.9% | -20.8% |
| V VISA INC-CLASS A SHARES | Services media | 131.8K | $39.8M | 1.5% | -3.9% |
| LTEC LOGITECH INTERNATIONAL-REG | — | 378.2K | $34.1M | 1.3% | +9.9% |
| META META PLATFORMS INC-CLASS A | Technology | 46.2K | $26.4M | 1.0% | +6.8% |
| JPM JPMORGAN CHASE & CO | Financials | 89.6K | $26.4M | 1.0% | +6.4% |
| GOOG ALPHABET INC-CL C | Technology | 88.9K | $25.5M | 1.0% | +0.7% |
| LLY ELI LILLY & CO | Healthcare | 26.8K | $24.7M | 0.9% | +26.3% |
| TSLA TESLA INC | Industrials | 58.8K | $21.9M | 0.8% | -2.8% |
| ABBV ABBVIE INC | Healthcare | 94.2K | $20.5M | 0.8% | +0.6% |
| CSCO CISCO SYSTEMS INC | Technology | 264.0K | $20.5M | 0.8% | -6.5% |
| CAT CATERPILLAR INC | Industrials | 27.8K | $19.7M | 0.7% | -8.2% |
| PG PROCTER & GAMBLE CO/THE | Other | 129.0K | $18.6M | 0.7% | +9.3% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 68.2K | $16.5M | 0.6% | +35.5% |
| KO COCA-COLA CO/THE | Consumer staples | 208.6K | $15.9M | 0.6% | +2.4% |
| XOM EXXON MOBIL CORP | Energy | 91.6K | $15.5M | 0.6% | +13.5% |
| AMAT APPLIED MATERIALS INC | Technology | 45.3K | $15.5M | 0.6% | -1.7% |
| GS GOLDMAN SACHS GROUP INC | Financials | 18.1K | $15.3M | 0.6% | +14.6% |
| MRK MERCK & CO. INC. | Healthcare | 126.2K | $15.2M | 0.6% | +5.2% |
| LRCX LAM RESEARCH CORP | Industrials | 69.3K | $14.8M | 0.6% | +54.8% |
| WMT WALMART INC | Consumer discretionary | 113.1K | $14.1M | 0.5% | +5.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 56.1K | $13.7M | 0.5% | -1.3% |
| AMD ADVANCED MICRO DEVICES | Technology | 65.7K | $13.4M | 0.5% | +8.1% |
| MS MORGAN STANLEY | Financials | 79.6K | $13.1M | 0.5% | +0.2% |
| WM WASTE MANAGEMENT INC | Utilities | 55.9K | $12.8M | 0.5% | +1.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 25.8K | $12.4M | 0.5% | +6.6% |
| ORCL ORACLE CORP | Technology | 81.7K | $12.0M | 0.5% | +26.0% |
| HD HOME DEPOT INC | Consumer discretionary | 36.3K | $11.9M | 0.4% | -5.2% |
| NFLX NETFLIX INC | Services media | 112.4K | $10.8M | 0.4% | +19.9% |
| MU MICRON TECHNOLOGY INC | Technology | 31.6K | $10.7M | 0.4% | +22.7% |
| GILD GILEAD SCIENCES INC | Healthcare | 75.8K | $10.6M | 0.4% | +6.8% |
| GE GENERAL ELECTRIC | Industrials | 35.4K | $10.0M | 0.4% | +5.8% |
| GEV GE VERNOVA INC | Industrials | 11.4K | $9.9M | 0.4% | -8.7% |
| CRM SALESFORCE INC | Technology | 53.1K | $9.9M | 0.4% | +34.4% |
| UNP UNION PACIFIC CORP | Industrials | 39.8K | $9.7M | 0.4% | +15.8% |
| PANW PALO ALTO NETWORKS INC | Technology | 58.3K | $9.3M | 0.4% | -3.0% |
| MCD MCDONALD'S CORP | Consumer discretionary | 28.5K | $8.9M | 0.3% | -13.1% |
| BAC BANK OF AMERICA CORP | Financials | 179.9K | $8.8M | 0.3% | -47.7% |
| DE DEERE & CO | Industrials | 15.2K | $8.6M | 0.3% | +10.4% |
| INTC INTEL CORP | Technology | 190.5K | $8.4M | 0.3% | +5.2% |
| SYK STRYKER CORP | Healthcare | 25.4K | $8.3M | 0.3% | +30.1% |
| T AT&T INC | Communications | 287.4K | $8.3M | 0.3% | +25.8% |
| WFC WELLS FARGO & CO | Financials | 103.0K | $8.2M | 0.3% | +9.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 20, 2026 | 960 | $2.66B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 924 | $2.80B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 916 | $2.67T | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 895 | $2.45T | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 8, 2025 | 943 | $2.27B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 859 | $2.43B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 31, 2024 | 1104 | $2.52B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 10, 2024 | 1125 | $2.55B | $K fixed canonical | SEC ↗ |
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