1y return+18.0%S&P 500 +20.9%
3y return+62.7%S&P 500 +68.5%
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 December 31, 2022: $188 against $195 in the S&P 500.2
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLCS&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 | $38.9B | 7.1% | −2.3% |
| AAPLApple Inc | $30.1B | 5.5% | −1.4% |
| MSFTMicrosoft Corp | $24.0B | 4.4% | |
| AMZNAmazon Com Inc | $16.7B | 3.0% | −5.3% |
| GOOGLAlphabet Inc | $16.0B | 2.9% | −1.1% |
| AVGOBroadcom Inc | $15.2B | 2.8% | +2.9% |
| MUMicron Technology Inc | $10.3B | 1.9% | −7.3% |
| AMDAdvanced Micro Devices Inc | $10.2B | 1.9% | −8.6% |
| GOOGAlphabet Inc | $10.2B | 1.9% | −5.7% |
| LLYEli Lilly & Co | $8.6B | 1.6% | +1.9% |
| TSLATesla Inc | $8.2B | 1.5% | −1.1% |
| METAMeta Platforms Inc | $7.2B | 1.3% | +1.3% |
| AMATApplied Matls Inc | $6.8B | 1.2% | −5.8% |
| INTCIntel Corp | $6.5B | 1.2% | −12.4% |
| JPMJpmorgan Chase & Co | $6.2B | 1.1% | |
| LRCXLam Research Corp | $5.4B | 1.0% | −6.8% |
| VVisa Inc | $5.4B | 1.0% | +13.0% |
| CSCOCisco Sys Inc | $5.1B | 0.9% | +2.7% |
| JNJJohnson & Johnson | $4.7B | 0.9% | −6.2% |
| BRK/BBerkshire Hathaway Inc Del | $4.5B | 0.8% | |
| ABBVAbbvie Inc | $3.6B | 0.7% | |
| MAMastercard Incorporated | $3.6B | 0.7% | −1.5% |
| KLACKla Corp | $3.5B | 0.6% | +954.9% |
| CATCaterpillar Inc | $3.4B | 0.6% | −3.5% |
| HDHome Depot Inc | $3.2B | 0.6% | −4.1% |
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 |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $38.9B |
| WDCWestern Digital Corp | June 30, 2020 | +1346.7% | $3.0B |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $15.2B |
| AMATApplied Matls Inc | June 30, 2020 | +1096.1% | $6.8B |
| AMDAdvanced Micro Devices Inc | June 30, 2020 | +1004.1% | $10.2B |
| PANWPalo Alto Networks Inc | June 30, 2020 | +790.9% | $3.0B |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $3.4B |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $8.6B |
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $5.4B |
| GSGoldman Sachs Group Inc | June 30, 2020 | +411.8% | $2.4B |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $851.5M
- Hologic IncCUSIP 436440101 was $173.8M
- Dupont De Nemours IncCUSIP 26614N102 was $162.4M
- CTRACoterra Energy Inc was $138.7M
- Masimo CorpCUSIP 574795100 was $23.8M
- SPSKTidal Trust I was $19.7M
- Air Lease CorpCUSIP 00912X302 was $17.4M
- Sealed Air Corp NewCUSIP 81211K100 was $16.0M
- Tri Pointe Homes IncCUSIP 87265H109 was $14.5M
- Clearwater Analytics Hldgs ICUSIP 185123106 was $13.5M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +13.4% | +14.8% |
| March 31, 2026 | −5.6% | −4.6% |
| December 31, 2025 | +2.2% | +2.4% |
| September 30, 2025 | +7.8% | +7.8% |
| June 30, 2025 | +12.1% | +10.5% |
| March 31, 2025 | −5.1% | −4.6% |
| December 31, 2024 | +1.6% | +2.1% |
| September 30, 2024 | +5.3% | +5.4% |
| June 30, 2024 | +2.9% | +4.0% |
| March 31, 2024 | +9.0% | +10.0% |
| December 31, 2023 | +11.8% | +11.2% |
| September 30, 2023 | −3.4% | −3.6% |
| June 30, 2023 | +7.8% | +8.3% |
| March 31, 2023 | +7.3% | +7.0% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=861177&type=13F-HR&dateb=&owner=include&count=40CIK 861177
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/861177/000086117726000004/Filed August 13, 2026 · accession 0000861177-26-000004