§ 13F · FUND PROFILE
Zurcher Kantonalbank (Zurich Cantonalbank).
Swiss cantonal bank, regional banking
AUM · $52.2B (13F)Positions · 2557Turnover · 70% · Q2Filed · Aug 12, 2026
CONCENTRATION
33%
Top 10 holdings
NEW BUYS
+87
+$243M deployed
EXITS
0
No exits
SECTOR SHIFT
OTHER → SEMICONDUCTORS
-3pp · +3pp
§ 01 · TOP HOLDINGS
The book · Q2 2026
FILED AUG 12, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q2 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 16.04M | $3.2B | 6.2% | −4% |
| 2 | UBS | UBS GROUP AG | 55.23M | $2.7B | 5.3% | −3% |
| 3 | AAPL | APPLE INC | 9.27M | $2.7B | 5.1% | −1% |
| 4 | MSFT | MICROSOFT CORP | 4.54M | $1.7B | 3.2% | −15% |
| 5 | GOOGL | ALPHABET INC | 4.33M | $1.5B | 3.0% | +2% |
| 6 | AMZN | AMAZON COM INC | 6.04M | $1.4B | 2.8% | +3% |
| 7 | AVGO | BROADCOM INC | 3.11M | $1.2B | 2.3% | −1% |
| 8 | MU | MICRON TECHNOLOGY INC | 987K | $1.1B | 2.2% | +18% |
| 9 | GOOG | ALPHABET INC | 2.61M | $924M | 1.8% | −11% |
| 10 | LLY | ELI LILLY & CO | 661K | $793M | 1.5% | +4% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other44.7% (−3pp)
Semiconductors15.3% (+3pp)
Technology14.4% (±0)
Financial Services10.8% (+1pp)
Media7.0% (±0)
Retail5.6% (±0)
§ 03 · THE ZURCHER SIGNAL
AC read
Zurcher Kantonalbank (Zurich Cantonalbank) is a Dealer / Bank fund managing $52.2 billion in assets. The fund runs a massive portfolio of 2,557 positions, broad diversification across holdings, with the top 10 accounting for 33%. Trading activity is aggressive at 70% quarterly turnover, with 87 new positions and 0 exits last quarter. Top sector allocations: Other (45%), Semiconductors (15%), Technology (14%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
4 OF 2 FILINGS MEASURED
Q2 2026
Busy quarter
+87 buys · −0 exits · 1691 changed
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