§ 13F · FUND PROFILE
Zurcher Kantonalbank (Zurich Cantonalbank).
Swiss cantonal bank, regional banking
AUM · $43.5B (13F)Positions · 2553Turnover · 86% · Q1Filed · May 15, 2026
CONCENTRATION
33%
Top 10 holdings
NEW BUYS
+103
+$466M deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → OTHER
-2pp · +3pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED MAY 15, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 16.74M | $2.9B | 6.4% | +1% |
| 2 | AAPL | APPLE INC | 9.34M | $2.4B | 5.2% | +5% |
| 3 | UBS | UBS GROUP AG | 56.67M | $2.2B | 4.7% | +14% |
| 4 | MSFT | MICROSOFT CORP | 5.37M | $2.0B | 4.3% | +11% |
| 5 | GOOGL | ALPHABET INC | 4.23M | $1.2B | 2.6% | +3% |
| 6 | AMZN | AMAZON COM INC | 5.84M | $1.2B | 2.6% | +1% |
| 7 | AVGO | BROADCOM INC | 3.14M | $971M | 2.1% | +2% |
| 8 | GOOG | ALPHABET INC | 2.93M | $840M | 1.8% | +2% |
| 9 | META | META PLATFORMS INC | 1.36M | $779M | 1.7% | +2% |
| 10 | TSLA | TESLA INC | 2.06M | $765M | 1.7% | −7% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other48.0% (+3pp)
Technology14.9% (−2pp)
Semiconductors12.1% (±0)
Financial Services10.0% (−1pp)
Media7.3% (±0)
Retail5.8% (±0)
§ 03 · THE ZURCHER SIGNAL
AC read
Zurcher Kantonalbank (Zurich Cantonalbank) is a Dealer / Bank fund managing $43.5 billion in assets. The fund runs a massive portfolio of 2,553 positions, broad diversification across holdings, with the top 10 accounting for 33%. Trading activity is aggressive at 86% quarterly turnover, with 103 new positions and 0 exits last quarter. Top sector allocations: Other (48%), Technology (15%), Semiconductors (12%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
2 FILINGS
Q1 2026
Busy quarter
+103 buys · −0 exits · 2093 changed
Q4 2025
Busy quarter
+97 buys · −0 exits · 1854 changed
Q3 2025
Busy quarter
+68 buys · −0 exits · 1781 changed
Q2 2025
Busy quarter
+55 buys · −0 exits · 1911 changed