ADAPT Investment Managers SA In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 24, 2025), ADAPT Investment Managers SA reported 16 stock positions worth $290.4 million . Its top holding was Nvidia (NVDA) at 26.5% of the portfolio, followed by Microsoft (MSFT, 11.2% ) and Broadcom (AVGO, 9.4% ). Compared with Q1 2025, it opened 8 new positions, sold out of 9, added to 4 and reduced 4. The biggest buy was Nvidia (NVDA, shares +26% ) and the biggest sale an exit from Adobe (ADBE).
Location Geneva, V8
CIK 0002029917
Portfolio Value $290.4M (Q2 2025) Holdings 16 stocks · $290.4M 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 2025 NVDA Nvidia Corp. 487,744 $77.1M Add +25.9% MSFT Microsoft Corp. 65,600 $32.6M Reduce -33.9% AVGO Broadcom Inc. 98,696 $27.2M Add +20.0% AMZN Amazon.com Inc. 116,891 $25.6M Add +35.0% AAPL Apple Inc. 122,800 $25.2M Reduce -52.2% GLD SPDR Gold Shares 75,200 $22.9M New META Meta Platforms Inc. Class A 24,140 $17.8M Reduce -2.5% GOOG Alphabet Inc. Class C 83,000 $14.7M Reduce -79.4% TSLA Tesla Inc. 42,702 $13.6M Add +34.5% XYZ Block Inc. 162,735 $11.1M New HUBS HubSpot Inc. 14,228 $7.9M New BAC Bank of America Corp. filed as BANK AMERICA CORP 142,995 $6.8M New JNJ Johnson & Johnson 38,072 $5.8M New TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 24,384 $1.8M New ANET Arista Networks Inc. 2,103 $215K New PLTR Palantir Technologies Inc. Class A 1,018 $139K New
Options reported separately and not counted above: NVDA puts ($1.5B), TSLA puts ($857.7M), HYG puts ($645.2M), AMD puts ($468.3M), META puts ($339.5M), AVGO puts ($296.3M), MSFT puts ($288.5M), AMZN puts ($241.3M), COIN puts ($205.0M), PLTR puts ($190.8M), MU puts ($160.2M), DELL puts ($128.7M), and 60 more.
Portfolio Sells Q1 2025 → Q2 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▲ ADBE Adobe Inc. Sold out 0.00% −12.34 FXI iShares China Large-Cap ETF Sold out 0.00% −10.29 GOOG Alphabet Inc. Class C Reduce -79.4% 5.07% −10.11 AAPL Apple Inc. Reduce -52.2% 8.68% −5.09 MRVL Marvell Technology Inc. Sold out 0.00% −5.01 AMD Advanced Micro Devices Sold out 0.00% −3.46 EWZ iShares MSCI Brazil ETF Sold out 0.00% −3.38 ADSK Autodesk Inc. Sold out 0.00% −2.46 DELL Dell Technologies -C Sold out 0.00% −1.31 TXN Texas Instruments Inc. Sold out 0.00% −0.95 INTC Intel Corp. Sold out 0.00% −0.02 MSFT Microsoft Corp. Reduce -33.9% 11.24% +2.25 META Meta Platforms Inc. Class A Reduce -2.5% 6.13% +2.69
Portfolio Buys Q1 2025 → Q2 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▼ NVDA Nvidia Corp. Add +25.9% 26.53% +16.40 GLD SPDR Gold Shares New 7.89% +7.89 AVGO Broadcom Inc. Add +20.0% 9.37% +6.04 AMZN Amazon.com Inc. Add +35.0% 8.83% +4.85 XYZ Block Inc. New 3.81% +3.81 HUBS HubSpot Inc. New 2.73% +2.73 TSLA Tesla Inc. Add +34.5% 4.67% +2.69 BAC Bank of America Corp. New 2.33% +2.33 JNJ Johnson & Johnson New 2.00% +2.00 TTD Trade Desk Inc./the Class A New 0.60% +0.60 ANET Arista Networks Inc. New 0.07% +0.07 PLTR Palantir Technologies Inc. Class A New 0.05% +0.05
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ NVDA Nvidia Corp. put Add +932.7% 9,294,400 $1.5B TSLA Tesla Inc. put New 2,700,000 $857.7M HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Add +33.3% 8,000,000 $645.2M AMD Advanced Micro Devices put Add +325.8% 3,300,000 $468.3M META Meta Platforms Inc. Class A put New 460,000 $339.5M AVGO Broadcom Inc. put Add +437.5% 1,075,000 $296.3M MSFT Microsoft Corp. put New 580,000 $288.5M IEF iShares 7-10 Year Treasury B put Sold out 3,000,000 $286.1Mbefore exit AMZN Amazon.com Inc. put Add +450.0% 1,100,000 $241.3M COIN Coinbase Global Inc. Class A put New 585,000 $205.0M PLTR Palantir Technologies Inc. Class A put New 1,400,000 $190.8M MU Micron Technology Inc. put Add +550.0% 1,300,000 $160.2M DELL Dell Technologies -C put Add +250.0% 1,050,000 $128.7M AMD Advanced Micro Devices call Add +57.9% 750,000 $106.4M TXN Texas Instruments Inc. put Add +400.0% 500,000 $103.8M QCOM Qualcomm Inc. put New 650,000 $103.5M NFLX Netflix Inc. put New 75,000 $100.4M BAC Bank of America Corp. put Add +173.3% 2,050,000 $97.0M FXI iShares China Large-Cap ETF put Reduce -50.0% 2,500,200 $91.9M RBLX Roblox Corp. Class A put New 800,000 $84.2M OKTA Okta Inc. put Add +50.6% 650,000 $65.0M ZS Zscaler Inc. put New 200,000 $62.8M AAPL Apple Inc. put Reduce -25.0% 300,000 $61.6M ROKU Roku Inc. put New 700,000 $61.5M ADBE Adobe Inc. put Reduce -62.5% 150,000 $58.0M QCOM Qualcomm Inc. call New 350,000 $55.7M MU Micron Technology Inc. call Add +125.0% 450,000 $55.5M AMZN Amazon.com Inc. call Add +25.0% 250,000 $54.8M MSFT Microsoft Corp. call New 110,000 $54.7M JNJ Johnson & Johnson call New 350,000 $53.5M EWZ iShares MSCI Brazil ETF put Sold out 2,000,000 $51.7Mbefore exit XYZ Block Inc. put New 750,000 $50.9M ADBE Adobe Inc. call Reduce -37.5% 125,000 $48.4M META Meta Platforms Inc. Class A call New 64,000 $47.2M GOOG Alphabet Inc. Class C put Sold out 300,000 $46.9Mbefore exit COIN Coinbase Global Inc. Class A call New 125,000 $43.8M ABBV Abbvie Inc. call Sold out 200,000 $41.9Mbefore exit ABBV Abbvie Inc. put Sold out 200,000 $41.9Mbefore exit TXN Texas Instruments Inc. call Add +100.0% 200,000 $41.5M TSLA Tesla Inc. call New 130,000 $41.3M AMAT Applied Materials Inc. put New 225,000 $41.2M NVDA Nvidia Corp. call Reduce -44.4% 250,000 $39.5M INTU Intuit Inc. put New 50,000 $39.4M MRVL Marvell Technology Inc. put Reduce -16.7% 500,000 $38.7M JNJ Johnson & Johnson put New 250,000 $38.2M FXI iShares China Large-Cap ETF call New 1,000,000 $36.8M NKE Nike Inc. Class B put New 450,000 $32.0M NKE Nike Inc. Class B call New 450,000 $32.0M ZS Zscaler Inc. call New 100,000 $31.4M AAPL Apple Inc. call Reduce -57.1% 150,000 $30.8M
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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