Pictet Asset Management Holding SA
Long book
$94.76B
Q1 2026
Positions
2095
Top-10 weight
22%
concentration
Last quarter
+16.0%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsPictet Asset Management Holding SA is a mechanically diversified allocator, running a $94.76B US long book across 2095 positions.
The portfolio is broadly diversified across 2095 positions (top 10 only 22%). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, MICROSOFT CORP, ALPHABET INC-CL A, BROADCOM INC, APPLE INC.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.8%
Q2 2024
+5.9%
Q3 2024
-0.2%
Q4 2024
-4.8%
Q1 2025
+11.1%
Q2 2025
+6.3%
Q3 2025
+1.4%
Q4 2025
-5.0%
Q1 2026
+16.0%
Sector allocation
Technology 39%
Healthcare 11%
Utilities 10%
Industrials 10%
Other 7%
Financials 7%
Consumer discretionary 6%
Services media 6%
Long book by quarter
What does Pictet Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 25.7M | $4.49B | 4.7% | +1.7% |
| MSFT MICROSOFT CORP | Technology | 6.7M | $2.48B | 2.6% | -9.1% |
| GOOGL ALPHABET INC-CL A | Technology | 8.4M | $2.41B | 2.5% | -2.4% |
| AVGO BROADCOM INC | Technology | 7.6M | $2.34B | 2.5% | +20.0% |
| AAPL APPLE INC | Technology | 9.1M | $2.30B | 2.4% | +2.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 9.5M | $1.99B | 2.1% | -1.7% |
| UBS UBS GROUP AG-REG | Financials | 35.6M | $1.36B | 1.4% | -0.9% |
| KLAC KLA CORP | Other | 721.9K | $1.06B | 1.1% | -18.7% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 2.1M | $1.01B | 1.1% | -16.3% |
| META META PLATFORMS INC-CLASS A | Technology | 1.7M | $990.2M | 1.0% | +1.5% |
| AMAT APPLIED MATERIALS INC | Technology | 2.8M | $957.9M | 1.0% | -1.5% |
| NEE NEXTERA ENERGY INC | Utilities | 9.6M | $896.2M | 0.9% | +4.3% |
| GOOG ALPHABET INC-CL C | Technology | 3.1M | $876.1M | 0.9% | +1.0% |
| LLY ELI LILLY & CO | Healthcare | 944.0K | $867.8M | 0.9% | +7.2% |
| ECL ECOLAB INC | Other | 3.3M | $866.8M | 0.9% | -15.6% |
| CRM SALESFORCE INC | Technology | 4.4M | $824.9M | 0.9% | +12.8% |
| TT TRANE TECHNOLOGIES PLC | Technology | 1.9M | $804.0M | 0.8% | -5.2% |
| MA MASTERCARD INC - A | Services media | 1.5M | $770.7M | 0.8% | -4.1% |
| PANW PALO ALTO NETWORKS INC | Technology | 4.8M | $770.5M | 0.8% | +10.4% |
| NXPI NXP SEMICONDUCTORS NV | Technology | 3.8M | $756.0M | 0.8% | -15.5% |
| TSLA TESLA INC | Industrials | 1.9M | $713.8M | 0.8% | +0.7% |
| XEL XCEL ENERGY INC | Utilities | 8.9M | $704.8M | 0.7% | +37.1% |
| RSG REPUBLIC SERVICES INC | Utilities | 3.1M | $678.6M | 0.7% | -19.4% |
| AZN ASTRAZENECA PLC | Healthcare | 3.5M | $675.3M | 0.7% | New |
| FERG FERGUSON ENTERPRISES INC | Consumer discretionary | 2.9M | $668.8M | 0.7% | +9.2% |
| NOW SERVICENOW INC | Technology | 6.1M | $635.7M | 0.7% | +58.3% |
| LRCX LAM RESEARCH CORP | Industrials | 2.9M | $620.5M | 0.7% | -30.4% |
| V VISA INC-CLASS A SHARES | Services media | 2.0M | $617.7M | 0.7% | -15.0% |
| DT DYNATRACE INC | Technology | 15.8M | $584.6M | 0.6% | +7.9% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 1.2M | $563.5M | 0.6% | +6.3% |
| PH PARKER HANNIFIN CORP | Industrials | 610.8K | $546.7M | 0.6% | +4.2% |
| INTU INTUIT INC | Technology | 1.3M | $544.4M | 0.6% | +22.8% |
| NFLX NETFLIX INC | Services media | 5.6M | $541.9M | 0.6% | -6.0% |
| HUBS HUBSPOT INC | Technology | 2.2M | $534.0M | 0.6% | +13.1% |
| LIN LINDE PLC | Materials | 1.1M | $533.4M | 0.6% | -22.6% |
| ANET ARISTA NETWORKS INC | Technology | 4.2M | $520.2M | 0.5% | +86.0% |
| XYL XYLEM INC | Industrials | 4.3M | $518.0M | 0.5% | -11.3% |
| ADSK AUTODESK INC | Technology | 2.1M | $503.5M | 0.5% | +80.2% |
| PTC PTC INC | Technology | 3.5M | $499.5M | 0.5% | +17.8% |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 1.3M | $499.3M | 0.5% | +40.2% |
| AXP AMERICAN EXPRESS CO | Financials | 1.5M | $439.0M | 0.5% | +73.8% |
| ETN EATON CORP PLC | Industrials | 1.2M | $428.9M | 0.5% | -13.1% |
| MU MICRON TECHNOLOGY INC | Technology | 1.2M | $415.7M | 0.4% | -36.3% |
| SRE SEMPRA | Utilities | 4.3M | $414.4M | 0.4% | +0.3% |
| JPM JPMORGAN CHASE & CO | Financials | 1.4M | $410.7M | 0.4% | -4.8% |
| SO SOUTHERN CO/THE | Utilities | 4.2M | $408.9M | 0.4% | -0.7% |
| MRVL MARVELL TECHNOLOGY INC | Technology | 4.1M | $406.7M | 0.4% | +15.6% |
| A AGILENT TECHNOLOGIES INC | Healthcare | 3.5M | $398.6M | 0.4% | -25.0% |
| SNOW SNOWFLAKE INC | Technology | 2.6M | $392.3M | 0.4% | +44.7% |
| AMD ADVANCED MICRO DEVICES | Technology | 1.9M | $387.3M | 0.4% | -18.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 22, 2026 | 2102 | $94.79B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 29, 2026 | 2082 | $103.05B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 18, 2025 | 2032 | $103.78B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 2000 | $98.30B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 5, 2025 | 2009 | $90.02B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 2042 | $92.66B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 2018 | $90.86B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 1970 | $87.25B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 1973 | $91.85B | canonical | SEC ↗ |
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