GAM Holding AG
Long book
$1.14B
Q1 2026
Positions
276
Top-10 weight
33%
concentration
Last quarter
-4.9%
SPY -4.4%
Turnover
38%
of book per quarter
Strategy in plain words
auto-generated from filingsGAM Holding AG is an institutional manager, running a $1.14B US long book across 276 positions.
The portfolio is moderately concentrated (top 10 ≈ 33% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NVIDIA CORP, MICROSOFT CORP, ALPHABET INC-CL A, APPLE INC, AMAZON.COM INC.
Over the last 8 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 1 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
+2.9%
Q2 2024
+4.3%
Q3 2024
+2.2%
Q4 2024
-4.7%
Q1 2025
+13.4%
Q2 2025
+5.8%
Q3 2025
+2.2%
Q4 2025
-4.9%
Sector allocation
Technology 36%
Financials 11%
Industrials 11%
Services media 8%
Other 8%
Healthcare 7%
Consumer discretionary 7%
Energy 5%
Long book by quarter
What does GAM Holding own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 368.3K | $64.2M | 5.6% | -10.6% |
| MSFT MICROSOFT CORP | Technology | 136.6K | $50.6M | 4.4% | -19.6% |
| GOOGL ALPHABET INC-CL A | Technology | 174.5K | $50.2M | 4.4% | -31.5% |
| AAPL APPLE INC | Technology | 187.9K | $47.7M | 4.2% | -17.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 182.5K | $38.0M | 3.3% | -5.7% |
| META META PLATFORMS INC-CLASS A | Technology | 49.0K | $28.0M | 2.5% | -27.1% |
| UBS UBS GROUP AG-REG | Financials | 702.8K | $26.9M | 2.4% | -31.1% |
| AVGO BROADCOM INC | Technology | 76.9K | $23.8M | 2.1% | -3.4% |
| LLY ELI LILLY & CO | Healthcare | 22.6K | $20.8M | 1.8% | +11.9% |
| V VISA INC-CLASS A SHARES | Services media | 68.4K | $20.7M | 1.8% | -24.1% |
| RACE FERRARI NV | Industrials | 43.8K | $14.8M | 1.3% | +24.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 58.1K | $14.2M | 1.2% | +3.8% |
| HLT HILTON WORLDWIDE HOLDINGS IN | Services media | 45.5K | $13.8M | 1.2% | -12.6% |
| XOM EXXON MOBIL CORP | Energy | 81.1K | $13.8M | 1.2% | -34.4% |
| AMAT APPLIED MATERIALS INC | Technology | 39.2K | $13.4M | 1.2% | -7.0% |
| TTE TOTALENERGIES SE | Energy | 134.4K | $12.5M | 1.1% | -31.0% |
| AMRZ AMRIZE LTD | Industrials | 229.3K | $12.4M | 1.1% | -27.9% |
| TPR TAPESTRY INC | Other | 87.5K | $12.4M | 1.1% | -9.0% |
| JPM JPMORGAN CHASE & CO | Financials | 40.7K | $12.0M | 1.1% | -26.7% |
| LTEC LOGITECH INTERNATIONAL-REG | — | 130.3K | $11.7M | 1.0% | -7.4% |
| MRK MERCK & CO. INC. | Healthcare | 94.9K | $11.4M | 1.0% | -27.4% |
| PG PROCTER & GAMBLE CO/THE | Other | 77.6K | $11.2M | 1.0% | -27.9% |
| ZGN ERMENEGILDO ZEGNA NV | Other | 1.0M | $10.9M | 1.0% | +47.9% |
| CRH CRH PLC | Industrials | 103.8K | $10.7M | 0.9% | -25.4% |
| WMT WALMART INC | Consumer discretionary | 83.7K | $10.4M | 0.9% | +4.3% |
| RL RALPH LAUREN CORP | Other | 29.7K | $10.2M | 0.9% | -9.8% |
| CSCO CISCO SYSTEMS INC | Technology | 124.4K | $9.7M | 0.8% | +28.4% |
| MA MASTERCARD INC - A | Services media | 18.8K | $9.4M | 0.8% | -32.9% |
| VIK VIKING HOLDINGS LTD | Industrials | 122.4K | $9.0M | 0.8% | -25.4% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 8.7K | $8.7M | 0.8% | -24.9% |
| ALC ALCON INC | Healthcare | 116.5K | $8.6M | 0.8% | -40.4% |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 26.1K | $8.5M | 0.7% | +22.5% |
| COP CONOCOPHILLIPS | Energy | 62.7K | $8.3M | 0.7% | +42.8% |
| GOOG ALPHABET INC-CL C | Technology | 27.1K | $7.8M | 0.7% | +5.0% |
| KO COCA-COLA CO/THE | Consumer staples | 98.7K | $7.5M | 0.7% | +14.8% |
| NFLX NETFLIX INC | Services media | 76.9K | $7.4M | 0.6% | -47.9% |
| WFC WELLS FARGO & CO | Financials | 92.5K | $7.4M | 0.6% | -34.3% |
| SW SMURFIT WESTROCK PLC | Other | 182.2K | $7.3M | 0.6% | -18.4% |
| AS AMER SPORTS INC | Other | 217.1K | $7.1M | 0.6% | -19.2% |
| RCL ROYAL CARIBBEAN CRUISES LTD | Industrials | 25.1K | $6.9M | 0.6% | -30.0% |
| MELI MERCADOLIBRE INC | Services media | 4.0K | $6.9M | 0.6% | +15.8% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 28.2K | $6.8M | 0.6% | -44.7% |
| LIN LINDE PLC | Materials | 13.5K | $6.7M | 0.6% | -32.6% |
| CAT CATERPILLAR INC | Industrials | 9.3K | $6.6M | 0.6% | -32.9% |
| EMR EMERSON ELECTRIC CO | Industrials | 50.0K | $6.6M | 0.6% | -31.9% |
| UNH UNITEDHEALTH GROUP INC | Financials | 23.8K | $6.5M | 0.6% | -5.6% |
| XP XP INC - CLASS A | Financials | 335.5K | $6.4M | 0.6% | +34.9% |
| MKL MARKEL GROUP INC | Financials | 3.3K | $6.3M | 0.6% | -40.9% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 65.4K | $6.1M | 0.5% | -25.0% |
| ETN EATON CORP PLC | Industrials | 17.0K | $6.1M | 0.5% | +5.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Aug 13, 2026 | 309 | $1.14B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 380 | $1.57B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 21, 2025 | 373 | $1.62B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 4, 2025 | 287 | $1.42B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 22, 2025 | 217 | $1.29B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 31, 2025 | 205 | $1.34B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 22, 2024 | 193 | $1.25B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 26, 2024 | 199 | $1.30B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 216 | $1.38B | canonical | SEC ↗ |
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