Swiss Life Asset Management Ltd
Long book
$20.42B
Q1 2026
Positions
1506
Top-10 weight
34%
concentration
Last quarter
+14.4%
SPY +14.8%
Turnover
24%
of book per quarter
Strategy in plain words
auto-generated from filingsSwiss Life Asset Management Ltd is an institutional manager, running a $20.42B US long book across 1506 positions.
The portfolio is moderately concentrated (top 10 ≈ 34% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, ALPHABET INC-CL A, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 0.2pp per quarter ahead of the S&P 500, beating the index in 6 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
+4.6%
Q2 2024
+6.9%
Q3 2024
+1.8%
Q4 2024
-3.8%
Q1 2025
+11.3%
Q2 2025
+8.5%
Q3 2025
+2.2%
Q4 2025
-3.7%
Q1 2026
+14.4%
Sector allocation
Technology 40%
Financials 11%
Industrials 10%
Healthcare 9%
Consumer discretionary 8%
Services media 5%
Utilities 4%
Other 3%
Long book by quarter
What does Swiss Life own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 9.6M | $1.59B | 7.8% | +14.5% |
| AAPL APPLE INC | Technology | 4.3M | $1.09B | 5.3% | +10.5% |
| MSFT MICROSOFT CORP | Technology | 2.7M | $1.01B | 5.0% | +6.8% |
| GOOGL ALPHABET INC-CL A | Technology | 2.3M | $672.5M | 3.3% | +8.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.4M | $501.3M | 2.5% | +9.8% |
| GOOG ALPHABET INC-CL C | Technology | 1.7M | $491.7M | 2.4% | +7.5% |
| META META PLATFORMS INC-CLASS A | Technology | 778.7K | $445.5M | 2.2% | +10.3% |
| AVGO BROADCOM INC | Technology | 1.3M | $404.4M | 2.0% | +12.1% |
| TSLA TESLA INC | Industrials | 929.3K | $345.5M | 1.7% | +7.0% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 6.4M | $318.8M | 1.6% | +6.7% |
| LLY ELI LILLY & CO | Healthcare | 338.4K | $311.3M | 1.5% | +9.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 1.3M | $305.0M | 1.5% | +12.7% |
| MO ALTRIA GROUP INC | Consumer staples | 4.1M | $269.6M | 1.3% | +3.5% |
| PFE PFIZER INC | Healthcare | 7.3M | $205.9M | 1.0% | +7.2% |
| V VISA INC-CLASS A SHARES | Services media | 657.5K | $198.7M | 1.0% | +11.5% |
| CME CME GROUP INC | Financials | 642.0K | $175.4M | 0.9% | +19.4% |
| LRCX LAM RESEARCH CORP | Industrials | 787.3K | $168.2M | 0.8% | +4.8% |
| MRK MERCK & CO. INC. | Healthcare | 1.4M | $166.2M | 0.8% | +13.5% |
| CVX CHEVRON CORP | Energy | 806.2K | $158.9M | 0.8% | +24.2% |
| JPM JPMORGAN CHASE & CO | Financials | 528.2K | $155.4M | 0.8% | +1.6% |
| NFLX NETFLIX INC | Services media | 1.5M | $154.5M | 0.8% | +12.7% |
| MA MASTERCARD INC - A | Services media | 327.8K | $148.0M | 0.7% | +35.5% |
| ABBV ABBVIE INC | Healthcare | 677.5K | $147.3M | 0.7% | +7.8% |
| XOM EXXON MOBIL CORP | Energy | 855.8K | $145.2M | 0.7% | +15.1% |
| OKE ONEOK INC | Utilities | 1.6M | $142.8M | 0.7% | +3.8% |
| WMT WALMART INC | Consumer discretionary | 1.1M | $137.5M | 0.7% | +14.4% |
| CAT CATERPILLAR INC | Industrials | 191.0K | $135.3M | 0.7% | +6.8% |
| MS MORGAN STANLEY | Financials | 804.7K | $132.4M | 0.6% | +5.3% |
| CSCO CISCO SYSTEMS INC | Technology | 1.7M | $130.8M | 0.6% | +0.7% |
| PG PROCTER & GAMBLE CO/THE | Other | 797.9K | $123.6M | 0.6% | +13.0% |
| HD HOME DEPOT INC | Consumer discretionary | 359.1K | $118.1M | 0.6% | +7.6% |
| TXN TEXAS INSTRUMENTS INC | Technology | 584.7K | $113.5M | 0.6% | +5.3% |
| BLK BLACKROCK INC | Financials | 115.6K | $111.2M | 0.5% | +6.9% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 131.3K | $110.8M | 0.5% | +39.7% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 456.8K | $106.7M | 0.5% | +6.6% |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 1.1M | $105.8M | 0.5% | +4.3% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 716.9K | $104.9M | 0.5% | +2.8% |
| BX BLACKSTONE INC | Financials | 904.0K | $104.0M | 0.5% | +3.6% |
| GE GENERAL ELECTRIC | Industrials | 364.9K | $103.5M | 0.5% | +7.0% |
| AMAT APPLIED MATERIALS INC | Technology | 294.0K | $100.5M | 0.5% | +23.6% |
| UNH UNITEDHEALTH GROUP INC | Financials | 370.2K | $100.2M | 0.5% | -3.1% |
| MU MICRON TECHNOLOGY INC | Technology | 486.7K | $100.1M | 0.5% | +92.6% |
| KO COCA-COLA CO/THE | Consumer staples | 1.3M | $99.6M | 0.5% | +7.8% |
| AMD ADVANCED MICRO DEVICES | Technology | 463.6K | $94.3M | 0.5% | +6.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 191.2K | $91.6M | 0.4% | +15.1% |
| KLAC KLA CORP | Other | 62.2K | $91.6M | 0.4% | +7.9% |
| PAYX PAYCHEX INC | Services media | 975.2K | $89.8M | 0.4% | +13.5% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 436.2K | $88.6M | 0.4% | +16.8% |
| GEV GE VERNOVA INC | Industrials | 99.9K | $87.2M | 0.4% | +6.7% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 623.2K | $83.1M | 0.4% | +53.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 1968 | $20.42B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 4, 2026 | 1877 | $19.62B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Dec 2, 2025 | 1705 | $19.21B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Dec 2, 2025 | 1414 | $16.96B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Dec 2, 2025 | 1308 | $13.76B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Dec 9, 2025 | 1227 | $13.55B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Dec 9, 2025 | 1120 | $8.80B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Dec 9, 2025 | 1023 | $8.48B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Dec 9, 2025 | 651 | $7.19B | canonical | SEC ↗ |
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