ADAPT Investment Managers SA In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), ADAPT Investment Managers SA reported 34 stock positions worth $294.4 million . Its top holding was Amazon.com (AMZN) at 13.8% of the portfolio, followed by Meta Platforms Class A (META, 10.8% ) and Texas Instruments (TXN, 9.8% ). Compared with Q4 2025, it opened 24 new positions, sold out of 18, added to 3 and reduced 7. The biggest buy was a new position in Texas Instruments (TXN) and the biggest sale an exit from Vaneck Semiconductor ETF (SMH).
Location Geneva, V8
CIK 0002029917
Portfolio Value $294.4M (Q1 2026) Holdings 34 stocks · $294.4M 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 Q4 2025 AMZN Amazon.com Inc. 195,677 $40.8M Add +16.8% META Meta Platforms Inc. Class A 55,583 $31.8M Add +284.4% TXN Texas Instruments Inc. 148,151 $28.8M New IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 114,525 $27.8M New AMD Advanced Micro Devices 93,463 $19.0M New GLD SPDR Gold Shares 40,240 $17.3M Reduce -71.2% MSFT Microsoft Corp. 43,670 $16.2M Reduce -62.0% LLY Eli Lilly & Co. 15,873 $14.6M New TSLA Tesla Inc. 36,651 $13.6M Add +9.3% NVDA Nvidia Corp. 68,865 $12.0M Reduce -33.2% XOM Exxon Mobil Corp. 59,100 $10.0M New GILD Gilead Sciences Inc. 63,165 $8.8M New ORCL Oracle Corp. 49,914 $7.3M New NKE Nike Inc. Class B 88,846 $4.7M Reduce -20.1% WFC Wells Fargo & Co. 56,662 $4.5M New UNH Unitedhealth Group Inc. 16,470 $4.5M New CRM Salesforce Inc. 21,953 $4.1M New RCL Royal Caribbean Cruises Ltd. 14,393 $4.0M New BAC Bank of America Corp. filed as BANK AMERICA CORP 80,759 $3.9M New JPM JPMorgan Chase & Co. 12,329 $3.6M New ADSK Autodesk Inc. 13,021 $3.1M Reduce -76.6% BRK.B Berkshire Hathaway Inc. Class B 6,192 $3.0M New ADBE Adobe Inc. 11,247 $2.7M New HPQ HP Inc. 135,699 $2.6M New QCOM Qualcomm Inc. 13,588 $1.7M New SBUX Starbucks Corp. 18,416 $1.6M New AAPL Apple Inc. 3,477 $882K Reduce -92.3% C Citigroup Inc. 5,801 $658K New BKNG Booking Holdings Inc. 77 $324K New AVGO Broadcom Inc. 800 $248K Reduce -99.2% ABNB Airbnb Inc. Class A 912 $115K New CSCO Cisco Systems Inc. 981 $76K New PLTR Palantir Technologies Inc. Class A 300 $44K New WYNN WYNN Resorts Ltd. 67 $7K New
Options reported separately and not counted above: NVDA puts ($793.5M), TSLA puts ($743.5M), AMD puts ($610.6M), XLK puts ($531.6M), HYG puts ($497.3M), MU puts ($459.6M), META puts ($211.7M), ORCL puts ($165.5M), IBM puts ($145.4M), AAPL puts ($135.0M), OKTA puts ($134.0M), ADBE puts ($126.4M), and 87 more.
Portfolio Sells Q4 2025 → Q1 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▲ SMH Vaneck Semiconductor ETF Sold out 0.00% −7.95 AVGO Broadcom Inc. Reduce -99.2% 0.08% −7.10 MSFT Microsoft Corp. Reduce -62.0% 5.49% −5.74 GLD SPDR Gold Shares Reduce -71.2% 5.88% −5.33 ZS Zscaler Inc. Sold out 0.00% −5.11 COIN Coinbase Global Inc. Class A Sold out 0.00% −4.79 DDOG Datadog Inc. Class A Sold out 0.00% −4.40 HD Home Depot Inc. Sold out 0.00% −4.21 INTU Intuit Inc. Sold out 0.00% −3.75 FXI iShares China Large-Cap ETF Sold out 0.00% −3.59 LOW Lowe's Cos Inc. Sold out 0.00% −2.87 LEN Lennar Corp. Class A Sold out 0.00% −2.37 ADSK Autodesk Inc. Reduce -76.6% 1.06% −2.27 AAPL Apple Inc. Reduce -92.3% 0.30% −2.20 TTD Trade Desk Inc./the Class A Sold out 0.00% −1.62 OKTA Okta Inc. Sold out 0.00% −1.29 XYZ Block Inc. Sold out 0.00% −1.28 ADI Analog Devices Inc. Sold out 0.00% −0.90 MRVL Marvell Technology Inc. Sold out 0.00% −0.82 NFLX Netflix Inc. Sold out 0.00% −0.63 AMAT Applied Materials Inc. Sold out 0.00% −0.53 VZ Verizon Communications Inc. Sold out 0.00% −0.30 NEE Nextera Energy Inc. Sold out 0.00% −0.03 NKE Nike Inc. Class B Reduce -20.1% 1.59% +0.16 NVDA Nvidia Corp. Reduce -33.2% 4.08% +0.19
Portfolio Buys Q4 2025 → Q1 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▼ TXN Texas Instruments Inc. New 9.77% +9.77 IBM Intl Business Machines Corp. New 9.43% +9.43 META Meta Platforms Inc. Class A Add +284.4% 10.80% +8.87 AMD Advanced Micro Devices New 6.46% +6.46 AMZN Amazon.com Inc. Add +16.8% 13.84% +6.02 LLY Eli Lilly & Co. New 4.96% +4.96 XOM Exxon Mobil Corp. New 3.41% +3.41 GILD Gilead Sciences Inc. New 2.99% +2.99 ORCL Oracle Corp. New 2.49% +2.49 TSLA Tesla Inc. Add +9.3% 4.63% +1.58 WFC Wells Fargo & Co. New 1.53% +1.53 UNH Unitedhealth Group Inc. New 1.51% +1.51 CRM Salesforce Inc. New 1.39% +1.39 RCL Royal Caribbean Cruises Ltd. New 1.35% +1.35 BAC Bank of America Corp. New 1.34% +1.34 JPM JPMorgan Chase & Co. New 1.23% +1.23 BRK.B Berkshire Hathaway Inc. Class B New 1.01% +1.01 ADBE Adobe Inc. New 0.93% +0.93 HPQ HP Inc. New 0.89% +0.89 QCOM Qualcomm Inc. New 0.59% +0.59 SBUX Starbucks Corp. New 0.56% +0.56 C Citigroup Inc. New 0.22% +0.22 BKNG Booking Holdings Inc. New 0.11% +0.11 ABNB Airbnb Inc. Class A New 0.04% +0.04 CSCO Cisco Systems Inc. New 0.03% +0.03 PLTR Palantir Technologies Inc. Class A New 0.01% +0.01 WYNN WYNN Resorts Ltd. New 0.00% +0.00
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ NVDA Nvidia Corp. put Reduce -52.8% 4,550,000 $793.5M TSLA Tesla Inc. put Reduce -15.8% 2,000,000 $743.5M AMD Advanced Micro Devices put Reduce -16.0% 3,001,500 $610.6M HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Reduce -60.9% 6,250,000 $497.3M MU Micron Technology Inc. put Reduce -9.3% 1,360,500 $459.6M FXI iShares China Large-Cap ETF call Sold out 8,000,000 $306.3Mbefore exit AVGO Broadcom Inc. put Sold out 875,000 $302.8Mbefore exit FXI iShares China Large-Cap ETF put Sold out 7,000,000 $268.0Mbefore exit MSFT Microsoft Corp. put Sold out 465,000 $224.9Mbefore exit META Meta Platforms Inc. Class A put Reduce -30.2% 370,000 $211.7M ORCL Oracle Corp. put Add +7.7% 1,124,900 $165.5M EEM iShares MSCI Emerging Market call Sold out 3,000,000 $164.1Mbefore exit IBM Intl Business Machines Corp. put Add +99.9% 599,800 $145.4M COIN Coinbase Global Inc. Class A put Sold out 610,000 $137.9Mbefore exit AAPL Apple Inc. put Reduce -80.3% 531,800 $135.0M OKTA Okta Inc. put Add +162.0% 1,702,900 $134.0M ADBE Adobe Inc. put New 520,000 $126.4M EEM iShares MSCI Emerging Market put New 2,000,000 $113.6M PLTR Palantir Technologies Inc. Class A put Reduce -52.3% 707,200 $103.4M XLB SS Materials Select Sector call New 2,000,000 $99.9M META Meta Platforms Inc. Class A call Add +458.3% 167,500 $95.8M TFC Truist Financial Corp. put Sold out 1,900,000 $93.5Mbefore exit AMGN Amgen Inc. put Sold out 250,000 $81.8Mbefore exit GOOG Alphabet Inc. Class C put Sold out 250,000 $78.5Mbefore exit ROKU Roku Inc. put Sold out 700,000 $75.9Mbefore exit AMZN Amazon.com Inc. put Reduce -62.1% 360,000 $75.0M MRVL Marvell Technology Inc. put Reduce -70.6% 750,000 $74.3M TXN Texas Instruments Inc. call Sold out 425,000 $73.7Mbefore exit XOM Exxon Mobil Corp. call Sold out 600,600 $72.3Mbefore exit XOM Exxon Mobil Corp. put Reduce -55.6% 400,000 $67.9M AAPL Apple Inc. call Reduce -52.5% 265,900 $67.5M TSLA Tesla Inc. call New 175,000 $65.1M RBLX Roblox Corp. Class A put Sold out 800,000 $64.8Mbefore exit ADBE Adobe Inc. call New 260,000 $63.2M FCX Freeport-McMoran Inc. put Sold out 1,200,000 $60.9Mbefore exit AMD Advanced Micro Devices call Add +190.7% 290,700 $59.1M KRE SS SPDR S&P Regional Bank put Sold out 900,000 $58.3Mbefore exit TXN Texas Instruments Inc. put Reduce -50.0% 300,000 $58.2M DELL Dell Technologies -C put Reduce -77.4% 350,000 $57.4M KWEB Kranesh Csi China Internet put New 2,000,000 $56.9M ISRG Intuitive Surgical Inc. put Sold out 100,000 $56.6Mbefore exit INTC Intel Corp. put Sold out 1,500,200 $55.4Mbefore exit LVS Las Vegas Sands Corp. put Sold out 795,200 $51.8Mbefore exit BRK.B Berkshire Hathaway Inc. Class B put New 107,000 $51.3M AMZN Amazon.com Inc. call Reduce -42.5% 230,000 $47.9M CRM Salesforce Inc. put New 250,000 $46.7M LLY Eli Lilly & Co. put Add +33.3% 50,000 $46.0M EBAY eBay Inc. put New 500,000 $45.5M PYPL PayPal Holdings Inc. put New 1,000,000 $45.2M AIG American International Group put New 600,000 $45.1M
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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