Pictet North America Advisors SA
Long book
$1.01B
Q1 2026
Positions
154
Top-10 weight
39%
concentration
Last quarter
+9.1%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsPictet North America Advisors SA is an institutional manager, running a $1.01B US long book across 154 positions.
The portfolio is moderately concentrated (top 10 ≈ 39% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SPDR GOLD SHARES, TAIWAN SEMICONDUCTOR-SP ADR, ASTRAZENECA PLC, ALPHABET INC-CL A, SONY GROUP CORP - SP ADR.
Over the last 9 quarters its long book ran on average 2pp per quarter behind the S&P 500, beating the index in 1 of 9 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
-0.1%
Q2 2024
+5.3%
Q3 2024
-0.8%
Q4 2024
+1.4%
Q1 2025
+7.8%
Q2 2025
+4.0%
Q3 2025
+1.4%
Q4 2025
-6.1%
Q1 2026
+9.1%
Sector allocation
Technology 26%
Financials 18%
Consumer discretionary 15%
Healthcare 14%
Services media 12%
Industrials 8%
Real estate 3%
Energy 2%
Long book by quarter
What does Pictet North own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AZN ASTRAZENECA PLC | Healthcare | 216.9K | $42.0M | 4.2% | New |
| GOOGL ALPHABET INC-CL A | Technology | 133.3K | $38.3M | 3.8% | -3.4% |
| BUR BURFORD CAPITAL LTD | Financials | 7.6M | $31.4M | 3.1% | Held |
| MSFT MICROSOFT CORP | Technology | 84.4K | $31.1M | 3.1% | +0.5% |
| ALC ALCON INC | Healthcare | 414.4K | $30.6M | 3.0% | +6.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 138.7K | $28.9M | 2.9% | +0.5% |
| YUMC YUM CHINA HOLDINGS INC | Consumer discretionary | 536.5K | $26.1M | 2.6% | +5.7% |
| MELI MERCADOLIBRE INC | Services media | 12.9K | $22.3M | 2.2% | +37.8% |
| JPM JPMORGAN CHASE & CO | Financials | 67.5K | $19.9M | 2.0% | -4.0% |
| META META PLATFORMS INC-CLASS A | Technology | 32.0K | $18.3M | 1.8% | -3.2% |
| BN BROOKFIELD CORP | Real estate | 444.0K | $17.9M | 1.8% | +9.5% |
| V VISA INC-CLASS A SHARES | Services media | 55.8K | $16.9M | 1.7% | -1.3% |
| AAPL APPLE INC | Technology | 57.7K | $14.6M | 1.5% | -2.0% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 29.8K | $14.3M | 1.4% | +0.9% |
| UBS UBS GROUP AG-REG | Financials | 369.9K | $14.1M | 1.4% | Held |
| SPGI S&P GLOBAL INC | Services media | 31.2K | $13.3M | 1.3% | +9.0% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 9.6K | $12.7M | 1.3% | +1.4% |
| MCD MCDONALD'S CORP | Consumer discretionary | 38.6K | $12.0M | 1.2% | 0.0% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 118.8K | $11.0M | 1.1% | +0.8% |
| TPG TPG INC | Financials | 263.2K | $10.7M | 1.1% | New |
| HLT HILTON WORLDWIDE HOLDINGS IN | Services media | 33.6K | $10.2M | 1.0% | +1.1% |
| AMRZ AMRIZE LTD | Industrials | 172.6K | $9.4M | 0.9% | +0.8% |
| GOOG ALPHABET INC-CL C | Technology | 32.0K | $9.2M | 0.9% | +0.4% |
| NVDA NVIDIA CORP | Technology | 50.7K | $8.8M | 0.9% | -0.3% |
| GE GENERAL ELECTRIC | Industrials | 30.3K | $8.6M | 0.9% | +1.3% |
| MU MICRON TECHNOLOGY INC | Technology | 23.1K | $7.8M | 0.8% | -14.9% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 34.6K | $7.0M | 0.7% | -9.0% |
| CVX CHEVRON CORP | Energy | 33.8K | $7.0M | 0.7% | -1.5% |
| AVGO BROADCOM INC | Technology | 22.3K | $6.9M | 0.7% | -3.3% |
| OTIS OTIS WORLDWIDE CORP | Industrials | 87.6K | $6.8M | 0.7% | -7.0% |
| LLY ELI LILLY & CO | Healthcare | 7.2K | $6.6M | 0.7% | +0.5% |
| TTE TOTALENERGIES SE | Energy | 67.2K | $6.3M | 0.6% | -11.6% |
| MA MASTERCARD INC - A | Services media | 11.4K | $5.7M | 0.6% | +1.2% |
| BRO BROWN & BROWN INC | Financials | 86.4K | $5.6M | 0.6% | -6.2% |
| FAST FASTENAL CO | Consumer discretionary | 111.1K | $5.2M | 0.5% | +2.1% |
| AMD ADVANCED MICRO DEVICES | Technology | 24.0K | $4.9M | 0.5% | +1.1% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 72.7K | $4.6M | 0.5% | +23.3% |
| CME CME GROUP INC | Financials | 14.3K | $4.2M | 0.4% | -3.2% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 8.1K | $4.0M | 0.4% | +12.0% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 24.0K | $4.0M | 0.4% | -0.2% |
| HD HOME DEPOT INC | Consumer discretionary | 9.7K | $3.2M | 0.3% | -20.4% |
| PG PROCTER & GAMBLE CO/THE | Other | 21.1K | $3.1M | 0.3% | -23.6% |
| CB CHUBB LTD | Financials | 9.3K | $3.0M | 0.3% | +0.8% |
| UBER UBER TECHNOLOGIES INC | Services media | 40.4K | $2.9M | 0.3% | +21.0% |
| LIN LINDE PLC | Materials | 5.7K | $2.8M | 0.3% | +1.8% |
| UNP UNION PACIFIC CORP | Industrials | 10.3K | $2.5M | 0.2% | -25.1% |
| RTX RTX CORP | Industrials | 10.3K | $2.0M | 0.2% | Held |
| PH PARKER HANNIFIN CORP | Industrials | 2.1K | $1.8M | 0.2% | Held |
| CPRT COPART INC | Consumer discretionary | 50.8K | $1.7M | 0.2% | -23.3% |
| DHR DANAHER CORP | Technology | 8.2K | $1.6M | 0.2% | -22.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 14, 2026 | 154 | $1.01B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 16, 2026 | 152 | $1.05B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 21, 2025 | 144 | $1.07B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 15, 2025 | 144 | $996.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 28, 2025 | 140 | $1.00B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 30, 2025 | 146 | $1.05B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 22, 2024 | 142 | $1.01B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 25, 2024 | 139 | $920.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 141 | $895.6M | canonical | SEC ↗ |
Similar funds
MASSACHUSETTS FINANCIAL SERVICES CO /MA/JENNISON ASSOCIATES LLCNational Pension ServiceFIL LtdClearbridge Investments, LLCDZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am MainNORDEA INVESTMENT MANAGEMENT ABBoston PartnersSwedbank AB1832 Asset Management L.P. HARRIS ASSOCIATES L PLOOMIS SAYLES & CO L P