ADAPT Investment Managers SA In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 27, 2026), ADAPT Investment Managers SA reported 27 stock positions worth $441.2 million . Its top holding was Nvidia (NVDA) at 13.4% of the portfolio, followed by Microsoft (MSFT, 11.0% ) and Vaneck Semiconductor ETF (SMH, 9.5% ). Compared with Q1 2026, it opened 8 new positions, sold out of 15, added to 11 and reduced 7. The biggest buy was a new position in Vaneck Semiconductor ETF (SMH) and the biggest sale Amazon.com (AMZN, shares −63% ).
Location Geneva, V8
CIK 0002029917
Portfolio Value $441.2M (Q2 2026) Holdings 27 stocks · $441.2M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2026 NVDA Nvidia Corp. 295,573 $59.1M Add +329.2% MSFT Microsoft Corp. 129,673 $48.4M Add +196.9% SMH Vaneck Semiconductor ETF 63,911 $41.9M New AVGO Broadcom Inc. 104,941 $39.6M Add +13017.6% META Meta Platforms Inc. Class A 62,964 $35.5M Add +13.3% KWEB Kranesh Csi China Internet 1,184,601 $29.0M New GLD SPDR Gold Shares 70,240 $25.9M Add +74.5% EWJ iShares MSCI Japan ETF 203,245 $19.0M New GOOG Alphabet Inc. Class C 53,147 $18.8M New AMZN Amazon.com Inc. 71,982 $17.2M Reduce -63.2% TXN Texas Instruments Inc. 52,414 $15.6M Reduce -64.6% NKE Nike Inc. Class B 310,138 $12.7M Add +249.1% PLTR Palantir Technologies Inc. Class A 108,609 $12.7M Add +36103.0% PFE Pfizer Inc. 465,783 $11.2M New ADSK Autodesk Inc. 57,099 $11.1M Add +338.5% ORCL Oracle Corp. 64,819 $9.5M Add +29.9% XOM Exxon Mobil Corp. 59,100 $8.1M No change AAPL Apple Inc. 19,536 $5.7M Add +461.9% GILD Gilead Sciences Inc. 38,365 $4.8M Reduce -39.3% WFC Wells Fargo & Co. 56,002 $4.6M Reduce -1.2% VZ Verizon Communications Inc. 99,866 $4.2M New COP Conocophillips 35,703 $3.7M New TSLA Tesla Inc. 2,859 $1.2M Reduce -92.2% CRM Salesforce Inc. 5,005 $784K Reduce -77.2% RCL Royal Caribbean Cruises Ltd. 1,894 $601K Reduce -86.8% WYNN WYNN Resorts Ltd. 2,446 $237K Add +3550.8% ADI Analog Devices Inc. 270 $107K New
Options reported separately and not counted above: AMD puts ($2.6B), MU puts ($1.2B), XLK puts ($762.1M), NVDA puts ($660.3M), HYG puts ($599.8M), TSLA puts ($525.8M), EEM puts ($342.1M), DELL puts ($332.2M), OKTA puts ($286.9M), EEM calls ($273.6M), NVDA calls ($240.1M), AVGO puts ($226.7M), and 94 more.
Portfolio Sells Q1 2026 → Q2 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▲ AMZN Amazon.com Inc. Reduce -63.2% 3.89% −9.95 IBM Intl Business Machines Corp. Sold out 0.00% −9.43 AMD Advanced Micro Devices Sold out 0.00% −6.46 TXN Texas Instruments Inc. Reduce -64.6% 3.54% −6.23 LLY Eli Lilly & Co. Sold out 0.00% −4.96 TSLA Tesla Inc. Reduce -92.2% 0.27% −4.35 GILD Gilead Sciences Inc. Reduce -39.3% 1.10% −1.89 UNH Unitedhealth Group Inc. Sold out 0.00% −1.51 BAC Bank of America Corp. Sold out 0.00% −1.34 JPM JPMorgan Chase & Co. Sold out 0.00% −1.23 CRM Salesforce Inc. Reduce -77.2% 0.18% −1.21 RCL Royal Caribbean Cruises Ltd. Reduce -86.8% 0.14% −1.21 BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −1.01 ADBE Adobe Inc. Sold out 0.00% −0.93 HPQ HP Inc. Sold out 0.00% −0.89 QCOM Qualcomm Inc. Sold out 0.00% −0.59 SBUX Starbucks Corp. Sold out 0.00% −0.56 WFC Wells Fargo & Co. Reduce -1.2% 1.05% −0.48 C Citigroup Inc. Sold out 0.00% −0.22 BKNG Booking Holdings Inc. Sold out 0.00% −0.11 ABNB Airbnb Inc. Class A Sold out 0.00% −0.04 CSCO Cisco Systems Inc. Sold out 0.00% −0.03
Portfolio Buys Q1 2026 → Q2 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▼ SMH Vaneck Semiconductor ETF New 9.50% +9.50 NVDA Nvidia Corp. Add +329.2% 13.40% +9.33 AVGO Broadcom Inc. Add +13017.6% 8.98% +8.90 KWEB Kranesh Csi China Internet New 6.57% +6.57 MSFT Microsoft Corp. Add +196.9% 10.96% +5.47 EWJ iShares MSCI Japan ETF New 4.30% +4.30 GOOG Alphabet Inc. Class C New 4.26% +4.26 PLTR Palantir Technologies Inc. Class A Add +36103.0% 2.87% +2.86 PFE Pfizer Inc. New 2.54% +2.54 ADSK Autodesk Inc. Add +338.5% 2.52% +1.46 NKE Nike Inc. Class B Add +249.1% 2.89% +1.29 AAPL Apple Inc. Add +461.9% 1.28% +0.98 VZ Verizon Communications Inc. New 0.96% +0.96 COP Conocophillips New 0.84% +0.84 WYNN WYNN Resorts Ltd. Add +3550.8% 0.05% +0.05 ADI Analog Devices Inc. New 0.02% +0.02 GLD SPDR Gold Shares Add +74.5% 5.86% −0.02 ORCL Oracle Corp. Add +29.9% 2.15% −0.34 META Meta Platforms Inc. Class A Add +13.3% 8.04% −2.76
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ AMD Advanced Micro Devices put Add +47.4% 4,423,100 $2.6B MU Micron Technology Inc. put Reduce -23.3% 1,044,000 $1.2B NVDA Nvidia Corp. put Reduce -27.5% 3,300,000 $660.3M HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Add +20.0% 7,500,000 $599.8M TSLA Tesla Inc. put Reduce -37.5% 1,250,000 $525.8M EEM iShares MSCI Emerging Market put Add +150.0% 5,000,000 $342.1M DELL Dell Technologies -C put Add +120.0% 770,000 $332.2M OKTA Okta Inc. put Add +23.5% 2,102,900 $286.9M EEM iShares MSCI Emerging Market call New 4,000,000 $273.6M NVDA Nvidia Corp. call Add +700.0% 1,200,000 $240.1M AVGO Broadcom Inc. put New 600,000 $226.7M XLB SS Materials Select Sector call Add +75.0% 3,500,000 $177.9M IBM Intl Business Machines Corp. put Add +2.1% 612,500 $172.2M INTC Intel Corp. put New 1,200,000 $167.6M SNOW Snowflake Inc. put New 650,000 $165.4M IBM Intl Business Machines Corp. call New 575,000 $161.7M UNH Unitedhealth Group Inc. put Add +168.9% 349,600 $145.3M GOOG Alphabet Inc. Class C put New 400,000 $141.3M ADBE Adobe Inc. call Add +154.2% 660,900 $135.5M MRVL Marvell Technology Inc. put Reduce -46.7% 400,000 $119.2M MSFT Microsoft Corp. call Add +312.1% 309,100 $115.3M ADBE Adobe Inc. put Reduce -19.0% 421,000 $86.3M QCOM Qualcomm Inc. put Add +350.0% 450,000 $83.2M LRCX Lam Research Corp. put Sold out 375,000 $80.1Mbefore exit PLTR Palantir Technologies Inc. Class A put Reduce -15.2% 600,000 $70.0M XOM Exxon Mobil Corp. put Sold out 400,000 $67.9Mbefore exit ORCL Oracle Corp. put Reduce -60.0% 450,000 $65.9M SNOW Snowflake Inc. call New 250,000 $63.6M AAPL Apple Inc. put Reduce -62.4% 200,000 $57.9M TXN Texas Instruments Inc. put Reduce -50.0% 150,000 $44.7M CRM Salesforce Inc. call Add +120.0% 275,000 $43.1M UNH Unitedhealth Group Inc. call Add +53.5% 99,800 $41.5M ZM Zoom Communications Inc. put Sold out 500,000 $40.2Mbefore exit AMD Advanced Micro Devices call Reduce -76.6% 68,100 $39.6M DELL Dell Technologies -C call Reduce -40.0% 90,000 $38.8M AMZN Amazon.com Inc. put Reduce -55.6% 160,000 $38.1M GOOG Alphabet Inc. Class C call New 100,000 $35.3M PLTR Palantir Technologies Inc. Class A call Add +189.6% 300,000 $35.0M NOW ServiceNow Inc. put New 300,000 $29.8M AAPL Apple Inc. call Reduce -62.4% 100,000 $28.9M GILD Gilead Sciences Inc. call Add +100.0% 200,000 $25.3M MRVL Marvell Technology Inc. call Sold out 250,000 $24.8Mbefore exit BKNG Booking Holdings Inc. put Add +45.2% 123,400 $22.0M ZM Zoom Communications Inc. call Sold out 250,000 $20.1Mbefore exit OKTA Okta Inc. call Reduce -42.7% 134,300 $18.3M ORCL Oracle Corp. call New 100,000 $14.7M ZS Zscaler Inc. put Reduce -28.6% 100,000 $14.1M QCOM Qualcomm Inc. call Sold out 100,000 $12.9Mbefore exit NOW ServiceNow Inc. call New 100,000 $9.9M BKNG Booking Holdings Inc. call Add +30.1% 55,300 $9.9M
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Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 27 $441.2M NVDA, MSFT, SMH, AVGO, META Q1 2026 34 $294.4M AMZN, META, TXN, IBM, AMD Q4 2025 28 $494.7M MSFT, GLD, SMH, AMZN, AVGO Q3 2025 28 $475.4M NVDA, AVGO, TSLA, META, MU Q2 2025 16 $290.4M NVDA, MSFT, AVGO, AMZN, AAPL Q1 2025 17 $414.5M GOOG, AAPL, ADBE, FXI, NVDA Q4 2024 21 $215.8M AVGO, FXI, KRE, SMCI, UPS