§ 13F · FUND PROFILE
Pictet Asset Management Holding SA.
Swiss private bank, quality equities
AUM · $98300.6T (13F)Positions · 2000Turnover · 100% · Q4Filed · Jan 29, 2026
CONCENTRATION
22%
Top 10 holdings
NEW BUYS
+2082
+$103045.8T deployed
EXITS
0
No exits
SECTOR SHIFT
OTHER → SEMICONDUCTORS
-1pp · +1pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED JAN 29, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 25.32M | $4722.1T | 4.6% | NEW |
| 2 | MSFT | MICROSOFT CORP | 7.36M | $3559.5T | 3.5% | NEW |
| 3 | GOOGL | ALPHABET INC | 8.61M | $2694.3T | 2.6% | NEW |
| 4 | AAPL | APPLE INC | 8.83M | $2401.9T | 2.3% | NEW |
| 5 | AMZN | AMAZON COM INC | 9.70M | $2238.5T | 2.2% | NEW |
| 6 | AVGO | BROADCOM INC | 6.31M | $2183.2T | 2.1% | NEW |
| 7 | UBS | UBS GROUP AG | 35.93M | $1676.3T | 1.6% | NEW |
| 8 | TMO | THERMO FISHER SCIENTIFIC INC | 2.46M | $1426.9T | 1.4% | NEW |
| 9 | META | META PLATFORMS INC | 1.71M | $1125.7T | 1.1% | NEW |
| 10 | KLAC | KLA CORP | 888K | $1079.7T | 1.0% | NEW |
§ 02 · SECTOR ALLOCATION
Where the money is
Other48.0% (−1pp)
Technology19.2% (±0)
Semiconductors13.6% (+1pp)
Utilities6.1% (±0)
Media6.0% (±0)
Financial Services5.6% (±0)
§ 03 · THE PICTET SIGNAL
AC read
Pictet Asset Management Holding SA is a Quality / Compounder fund managing $98300620.5 trillion in assets. The fund runs a massive portfolio of 2,000 positions, broad diversification across holdings. Trading activity is aggressive at 100% quarterly turnover, with 2082 new positions and 0 exits last quarter. Top sector allocations: Other (48%), Technology (19%), Semiconductors (14%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Busy quarter
+2082 buys · −0 exits · 0 changed
Q2 2025
Steady book
+0 buys · −0 exits · 0 changed
Q1 2025
Steady book
+0 buys · −0 exits · 0 changed