1y return+15.7%S&P 500 +20.9%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since September 30, 2023: $159 against $175 in the S&P 500.2
Pictet Asset Management Holding SAS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $4.3B | 4.1% | −16.9% |
| GOOGLAlphabet Inc | $2.9B | 2.8% | −2.8% |
| AVGOBroadcom Inc | $2.8B | 2.7% | −3.0% |
| AAPLApple Inc | $2.5B | 2.4% | −3.4% |
| MSFTMicrosoft Corp | $2.1B | 2.0% | −17.7% |
| AMZNAmazon Com Inc | $2.0B | 2.0% | −10.2% |
| Ubs Group AgCUSIP H42097107 | $1.8B | 1.7% | +3.2% |
| AMATApplied Matls Inc | $1.5B | 1.4% | −25.6% |
| KLACKla Corp | $1.5B | 1.4% | +572.8% |
| MUMicron Technology Inc | $1.2B | 1.2% | −13.9% |
| LRCXLam Research Corp | $1.1B | 1.1% | −8.7% |
| AMDAdvanced Micro Devices Inc | $1.1B | 1.0% | −5.0% |
| SNOWSnowflake Inc | $1.0B | 1.0% | +56.7% |
| GOOGAlphabet Inc | $1.0B | 1.0% | −6.2% |
| VVisa Inc | $936.3M | 0.9% | +33.5% |
| CSCOCisco Sys Inc | $910.1M | 0.9% | +100.5% |
| Nxp Semiconductors N VCUSIP N6596X109 | $907.0M | 0.9% | −16.0% |
| LLYEli Lilly & Co | $905.8M | 0.9% | −20.0% |
| ANETArista Networks Inc | $791.1M | 0.8% | +9.9% |
| TSLATesla Inc | $784.7M | 0.7% | −2.9% |
| PANWPalo Alto Networks Inc | $771.8M | 0.7% | −52.9% |
| METAMeta Platforms Inc | $764.8M | 0.7% | −21.6% |
| Trane Technologies PLCCUSIP G8994E103 | $764.4M | 0.7% | −19.3% |
| XELXcel Energy Inc | $725.8M | 0.7% | +1.9% |
| CRMSalesforce Inc | $713.5M | 0.7% | +3.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| VRTVertiv Holdings Co | September 30, 2023 | +800.1% | $628.2M |
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $1.1B |
| AMDAdvanced Micro Devices Inc | September 30, 2023 | +465.0% | $1.1B |
| AMATApplied Matls Inc | September 30, 2023 | +422.2% | $1.5B |
| NVDANvidia Corporation | September 30, 2023 | +360.0% | $4.3B |
| CRWDCrowdstrike Hldgs Inc | September 30, 2023 | +355.9% | $657.5M |
| AVGOBroadcom Inc | September 30, 2023 | +354.8% | $2.8B |
| PANWPalo Alto Networks Inc | September 30, 2023 | +190.9% | $771.8M |
| GOOGLAlphabet Inc | September 30, 2023 | +173.1% | $2.9B |
| GOOGAlphabet Inc | September 30, 2023 | +168.0% | $1.0B |
Sold off last quarter
- Terns Pharmaceuticals IncCUSIP 880881107 was $87.3M
- Honeywell Intl IncCUSIP 438516106 was $57.4M
- Ascendis Pharma A/sCUSIP 04351P101 was $56.9M
- Thomson Reuters CorpCUSIP 884903808 was $37.3M
- IXPIshares Tr was $25.7M
- Soleno Therapeutics IncCUSIP 834203309 was $20.6M
- Hologic IncCUSIP 436440101 was $20.5M
- Amicus TherapeuticCUSIP 03152W109 was $12.9M
- SSLSasol Ltd was $11.3M
- Carnival CorpCUSIP 143658300 was $11.2M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +13.5% | +14.8% |
| March 31, 2026 | −5.2% | −4.6% |
| December 31, 2025 | +1.2% | +2.4% |
| September 30, 2025 | +6.2% | +7.8% |
| June 30, 2025 | +10.8% | +10.5% |
| March 31, 2025 | −4.9% | −4.6% |
| December 31, 2024 | −0.5% | +2.1% |
| September 30, 2024 | +5.4% | +5.4% |
| June 30, 2024 | +1.2% | +4.0% |
| March 31, 2024 | +8.5% | +10.0% |
| December 31, 2023 | +13.5% | +11.2% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Pictet Asset Management Holding SA Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1993888&type=13F-HR&dateb=&owner=include&count=40CIK 1993888
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1993888/000199388826000003/Filed July 30, 2026 · accession 0001993888-26-000003