Altrafin AG
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed February 17, 2026), Altrafin AG reported 50 stock positions worth $295.7 million. Its top holding was Microsoft (MSFT) at 9.8% of the portfolio, followed by Alphabet Class A (GOOGL, 9.0%) and Amazon.com (AMZN, 7.0%). Compared with Q1 2025, it opened 7 new positions, sold out of 2, added to 21 and reduced 18. The biggest buy was Microsoft (MSFT, shares +2%) and the biggest sale Unitedhealth (UNH, shares −51%).
- Most Recent 13F
- Q2 2026
- Location
- ZURICH, V8
- CIK
- 0002110313
- Portfolio Value
- $295.7M (Q2 2025)
- SEC Filing
- 0002110313-26-000016 ↗ filed Feb 17, 2026
Holdings Value
Holdings 50 stocks · $295.7M
| MSFT Microsoft Corp. | 9.76% | 58,007 | $28.9M | Add +1.6% |
| GOOGL Alphabet Inc. Class A | 9.04% | 151,673 | $26.7M | Add +7.0% |
| AMZN Amazon.com Inc. | 6.97% | 94,000 | $20.6M | Add +0.5% |
| MA Mastercard Inc. Class A | 5.38% | 28,307 | $15.9M | Add +4.8% |
| NVO Novo-Nordisk A/S-Spons ADR | 5.33% | 228,399 | $15.8M | Add +21.1% |
| JPM JPMorgan Chase & Co. | 4.89% | 49,845 | $14.5M | Add +11.8% |
| NVDA Nvidia Corp. | 4.60% | 86,055 | $13.6M | Reduce -4.2% |
| TSM Taiwan Semiconductor-SP ADR | 4.57% | 59,713 | $13.5M | Add +3.8% |
| SPGI S&P Global Inc. | 3.77% | 21,126 | $11.1M | Reduce -4.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 3.65% | 21,203 | $10.8M | Reduce -2.9% |
| PYPL PayPal Holdings Inc. | 3.53% | 140,335 | $10.4M | Add +0.9% |
| ACWI iShares MSCI Acwi ETF | 3.46% | 79,500 | $10.2M | No change |
| ICE Intercontinental Exchange Inc. | 3.40% | 54,828 | $10.1M | Add +2.2% |
| AAPL Apple Inc. | 2.67% | 38,536 | $7.9M | Reduce -3.3% |
| INTU Intuit Inc. | 2.43% | 9,125 | $7.2M | Reduce -0.9% |
| BKNG Booking Holdings Inc. | 2.32% | 1,183 | $6.8M | Reduce -1.0% |
| HON Honeywell International Inc. | 2.20% | 27,894 | $6.5M | Reduce -14.2% |
| NFLX Netflix Inc. | 2.19% | 4,836 | $6.5M | Add +28.8% |
| FISV Fiserv Inc. | 2.13% | 36,614 | $6.3M | Add +40.6% |
| FTNT Fortinet Inc. | 1.99% | 55,630 | $5.9M | Add +0.9% |
| UBER Uber Technologies Inc. | 1.95% | 61,841 | $5.8M | Reduce -4.2% |
| MCO Moody's Corp. | 1.84% | 10,845 | $5.4M | Reduce -2.7% |
| META Meta Platforms Inc. Class A | 1.43% | 5,713 | $4.2M | Add +2.4% |
| UNH Unitedhealth Group Inc. | 1.42% | 13,458 | $4.2M | Reduce -50.9% |
| CRM Salesforce Inc. | 1.14% | 12,344 | $3.4M | Add +0.2% |
| AMD Advanced Micro Devices | 0.97% | 20,180 | $2.9M | Reduce -29.1% |
| SHEL Shell PLC-ADR | 0.89% | 37,461 | $2.6M | Reduce -25.4% |
| SE Sea Ltd.-ADR | 0.62% | 11,410 | $1.8M | Add +16.8% |
| MRVL Marvell Technology Inc. | 0.59% | 22,500 | $1.7M | New |
| FICO Fair Isaac Corp. | 0.59% | 952 | $1.7M | New |
| ADBE Adobe Inc. | 0.51% | 3,930 | $1.5M | Add +2.1% |
| NET Cloudflare Inc. Class A | 0.51% | 7,700 | $1.5M | Add +5.8% |
| NEE Nextera Energy Inc. | 0.43% | 18,330 | $1.3M | No change |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.31% | 12,930 | $931K | Reduce -11.3% |
| BA The Boeing Co. | 0.31% | 4,370 | $916K | Add +10.1% |
| QCOM Qualcomm Inc. | 0.27% | 4,939 | $787K | Add +0.3% |
| SLRC SLR Investment Corp. | 0.26% | 48,288 | $779K | Add +2.4% |
| DNUT Krispy Kreme Inc. | 0.23% | 235,000 | $684K | New |
| COST Costco Wholesale Corp. | 0.23% | 684 | $677K | No change |
| ASML ASML Holding NV-NY Reg SHS | 0.18% | 682 | $546K | Add +0.3% |
| MELI MercadoLibre Inc. | 0.15% | 168 | $439K | Reduce -24.3% |
| PEP Pepsico Inc. | 0.14% | 3,065 | $405K | Reduce -18.7% |
| COIN Coinbase Global Inc. Class A | 0.13% | 1,123 | $394K | New |
| SNOW Snowflake Inc. | 0.12% | 1,640 | $367K | Reduce -28.1% |
| TMO Thermo Fisher Scientific Inc. | 0.12% | 900 | $365K | Reduce -10.0% |
| PLTR Palantir Technologies Inc. Class A | 0.12% | 2,498 | $341K | New |
| FDX FedEx Corp. | 0.11% | 1,390 | $316K | No change |
| PFE Pfizer Inc. | 0.08% | 9,725 | $236K | Reduce -9.3% |
| EFX Equifax Inc. | 0.07% | 778 | $202K | New |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | 0.00% | 5,022 | $5K | New |
Portfolio Sells Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | Reduce -50.9% | 1.42% | −4.16 |
| AAPL Apple Inc. | Reduce -3.3% | 2.67% | −0.77 |
| SPGI S&P Global Inc. | Reduce -4.5% | 3.77% | −0.60 |
| SHEL Shell PLC-ADR | Reduce -25.4% | 0.89% | −0.54 |
| HON Honeywell International Inc. | Reduce -14.2% | 2.20% | −0.48 |
| CVX Chevron Corp. | Sold out | 0.00% | −0.38 |
| MCO Moody's Corp. | Reduce -2.7% | 1.84% | −0.18 |
| AMD Advanced Micro Devices | Reduce -29.1% | 0.97% | −0.17 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.11 |
| PEP Pepsico Inc. | Reduce -18.7% | 0.14% | −0.08 |
| TMO Thermo Fisher Scientific Inc. | Reduce -10.0% | 0.12% | −0.07 |
| PFE Pfizer Inc. | Reduce -9.3% | 0.08% | −0.03 |
| MELI MercadoLibre Inc. | Reduce -24.3% | 0.15% | −0.02 |
| SNOW Snowflake Inc. | Reduce -28.1% | 0.12% | −0.01 |
| TTD Trade Desk Inc./the Class A | Reduce -11.3% | 0.31% | +0.00 |
| UBER Uber Technologies Inc. | Reduce -4.2% | 1.95% | +0.12 |
| BKNG Booking Holdings Inc. | Reduce -1.0% | 2.32% | +0.18 |
| INTU Intuit Inc. | Reduce -0.9% | 2.43% | +0.23 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -2.9% | 3.65% | +0.66 |
| NVDA Nvidia Corp. | Reduce -4.2% | 4.60% | +0.81 |
Portfolio Buys Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | Add +1.6% | 9.76% | +1.43 |
| TSM Taiwan Semiconductor-SP ADR | Add +3.8% | 4.57% | +0.86 |
| NFLX Netflix Inc. | Add +28.8% | 2.19% | +0.83 |
| JPM JPMorgan Chase & Co. | Add +11.8% | 4.89% | +0.64 |
| MRVL Marvell Technology Inc. | New | 0.59% | +0.59 |
| FICO Fair Isaac Corp. | New | 0.59% | +0.59 |
| GOOGL Alphabet Inc. Class A | Add +7.0% | 9.04% | +0.52 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +21.1% | 5.33% | +0.24 |
| DNUT Krispy Kreme Inc. | New | 0.23% | +0.23 |
| NET Cloudflare Inc. Class A | Add +5.8% | 0.51% | +0.19 |
| META Meta Platforms Inc. Class A | Add +2.4% | 1.43% | +0.18 |
| COIN Coinbase Global Inc. Class A | New | 0.13% | +0.13 |
| SE Sea Ltd.-ADR | Add +16.8% | 0.62% | +0.12 |
| PLTR Palantir Technologies Inc. Class A | New | 0.12% | +0.12 |
| EFX Equifax Inc. | New | 0.07% | +0.07 |
| AMZN Amazon.com Inc. | Add +0.5% | 6.97% | +0.06 |
| BA The Boeing Co. | Add +10.1% | 0.31% | +0.05 |
| ASML ASML Holding NV-NY Reg SHS | Add +0.3% | 0.18% | +0.01 |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | New | 0.00% | +0.00 |
| PYPL PayPal Holdings Inc. | Add +0.9% | 3.53% | +0.00 |
| QCOM Qualcomm Inc. | Add +0.3% | 0.27% | −0.03 |
| SLRC SLR Investment Corp. | Add +2.4% | 0.26% | −0.05 |
| ADBE Adobe Inc. | Add +2.1% | 0.51% | −0.06 |
| FTNT Fortinet Inc. | Add +0.9% | 1.99% | −0.07 |
| FISV Fiserv Inc. | Add +40.6% | 2.13% | −0.10 |
| CRM Salesforce Inc. | Add +0.2% | 1.14% | −0.15 |
| ICE Intercontinental Exchange Inc. | Add +2.2% | 3.40% | −0.20 |
| MA Mastercard Inc. Class A | Add +4.8% | 5.38% | −0.38 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 44 | $254.7M | GOOGL, MSFT, AMZN, MA, TSM |
| Q1 2026 | 52 | $280.7M | GOOGL, MSFT, AMZN, MA, TSM |
| Q4 2025 | 46 | $309.3M | GOOGL, MSFT, AMZN, MA, TSM |
| Q3 2025 | 48 | $315.4M | GOOGL, MSFT, AMZN, MA, TSM |
| Q2 2025 | 50 | $295.7M | MSFT, GOOGL, AMZN, MA, NVO |
| Q1 2025 | 45 | $257.3M | GOOGL, MSFT, AMZN, MA, UNH |
| Q4 2024 | 48 | $288.4M | MSFT, GOOGL, AMZN, JPM, MA |
| Q3 2024 | 50 | $277.6M | MSFT, GOOGL, AMZN, NVDA, JPM |
| Q2 2024 | 60 | $270.7M | MSFT, GOOGL, NVDA, JPM, AMZN |
| Q1 2024 | 59 | $275.9M | MSFT, GOOGL, ACWI, JPM, AMZN |