1y return+18.5%S&P 500 +20.9%
3y return+62.0%S&P 500 +68.5%
5y return+62.6%S&P 500 +74.5%
10y return+222.2%S&P 500 +256.5%
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 June 30, 2016: $322 against $357 in the S&P 500.2
Zurcher Kantonalbank (Zurich Cantonalbank)S&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 | $3.2B | 6.2% | −4.2% |
| Ubs Group AgCUSIP H42097107 | $2.7B | 5.3% | −2.5% |
| AAPLApple Inc | $2.7B | 5.1% | |
| MSFTMicrosoft Corp | $1.7B | 3.3% | −15.4% |
| GOOGLAlphabet Inc | $1.5B | 3.0% | +2.3% |
| AMZNAmazon Com Inc | $1.4B | 2.8% | +3.4% |
| AVGOBroadcom Inc | $1.2B | 2.3% | |
| MUMicron Technology Inc | $1.1B | 2.2% | +18.3% |
| GOOGAlphabet Inc | $923.6M | 1.8% | −10.8% |
| LLYEli Lilly & Co | $792.9M | 1.5% | +3.6% |
| METAMeta Platforms Inc | $780.5M | 1.5% | +1.8% |
| AMDAdvanced Micro Devices Inc | $764.7M | 1.5% | +77.3% |
| TSLATesla Inc | $724.7M | 1.4% | −16.2% |
| Amrize LtdCUSIP H2927K103 | $575.9M | 1.1% | +1.6% |
| Alcon AgCUSIP H01301128 | $535.8M | 1.0% | −1.3% |
| VVisa Inc | $458.5M | 0.9% | +6.9% |
| JPMJpmorgan Chase & Co | $448.7M | 0.9% | −24.9% |
| MAMastercard Incorporated | $386.1M | 0.7% | +18.1% |
| WMTWalmart Inc | $372.4M | 0.7% | −1.9% |
| JNJJohnson & Johnson | $359.4M | 0.7% | −9.3% |
| Astrazeneca PLCCUSIP G0593M107 | $351.6M | 0.7% | −5.7% |
| Exxon Mobil CorpCUSIP 30231G102 | $336.2M | 0.6% | +30.6% |
| WELLWelltower Inc | $305.4M | 0.6% | +19.6% |
| BRK/BBerkshire Hathaway Inc Del | $295.1M | 0.6% | +69.2% |
| MSMorgan Stanley | $277.7M | 0.5% | +124.5% |
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 | June 30, 2020 | +2369.2% | $222.9M |
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $3.2B |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $1.2B |
| AMATApplied Matls Inc | June 30, 2020 | +1096.1% | $234.3M |
| AMDAdvanced Micro Devices Inc | June 30, 2020 | +1004.1% | $764.7M |
| PANWPalo Alto Networks Inc | June 30, 2020 | +790.9% | $276.1M |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $260.6M |
| APHAmphenol Corp | June 30, 2020 | +636.1% | $217.4M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $792.9M |
| GEVGe Vernova Inc | June 30, 2024 | +585.0% | $260.4M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $38.5M
- Dupont De Nemours IncCUSIP 26614N102 was $28.8M
- Thomson Reuters CorpCUSIP 884903808 was $20.5M
- Carnival CorpCUSIP 143658300 was $18.0M
- Hologic IncCUSIP 436440101 was $9.6M
- CTRACoterra Energy Inc was $6.8M
- Sealed Air Corp NewCUSIP 81211K100 was $2.2M
- Masimo CorpCUSIP 574795100 was $2.2M
- Air Lease CorpCUSIP 00912X302 was $2.0M
- Clearwater Analytics Hldgs ICUSIP 185123106 was $1.7M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.9% | +14.8% |
| March 31, 2026 | −4.8% | −4.6% |
| December 31, 2025 | +2.8% | +2.4% |
| September 30, 2025 | +8.1% | +7.8% |
| June 30, 2025 | +10.5% | +10.5% |
| March 31, 2025 | −4.4% | −4.6% |
| December 31, 2024 | +0.6% | +2.1% |
| September 30, 2024 | +5.5% | +5.4% |
| June 30, 2024 | +2.9% | +4.0% |
| March 31, 2024 | +8.8% | +10.0% |
| December 31, 2023 | +11.8% | +11.2% |
| September 30, 2023 | −2.5% | −3.6% |
| June 30, 2023 | +7.2% | +8.3% |
| March 31, 2023 | +7.2% | +7.0% |
| December 31, 2022 | +8.0% | +7.1% |
| September 30, 2022 | −5.7% | −5.3% |
| June 30, 2022 | −16.8% | −16.5% |
| March 31, 2022 | −5.2% | −4.9% |
| December 31, 2021 | +9.3% | +10.7% |
| September 30, 2021 | −0.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Zurcher Kantonalbank (Zurich Cantonalbank) Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1368163&type=13F-HR&dateb=&owner=include&count=40CIK 1368163
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1368163/000136816326000004/Filed August 12, 2026 · accession 0001368163-26-000004