Altrafin AG
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Altrafin AG reported 46 stock positions worth $309.3 million. Its top holding was Alphabet Class A (GOOGL) at 14.2% of the portfolio, followed by Microsoft (MSFT, 9.5%) and Amazon.com (AMZN, 8.8%). Compared with Q3 2025, it opened 3 new positions, sold out of 5, added to 18 and reduced 15. The biggest buy was Mastercard Class A (MA, shares +34%) and the biggest sale an exit from PayPal (PYPL).
- Most Recent 13F
- Q2 2026
- Location
- ZURICH, V8
- CIK
- 0002110313
- Portfolio Value
- $309.3M (Q4 2025)
- SEC Filing
- 0002110313-26-000001 ↗ filed Feb 13, 2026
Holdings Value
Holdings 46 stocks · $309.3M
| GOOGL Alphabet Inc. Class A | 14.17% | 140,035 | $43.8M | Reduce -7.7% |
| MSFT Microsoft Corp. | 9.51% | 60,845 | $29.4M | Add +2.7% |
| AMZN Amazon.com Inc. | 8.78% | 117,700 | $27.2M | Add +4.2% |
| MA Mastercard Inc. Class A | 8.04% | 43,558 | $24.9M | Add +34.3% |
| TSM Taiwan Semiconductor-SP ADR | 4.95% | 50,341 | $15.3M | Reduce -16.9% |
| JPM JPMorgan Chase & Co. | 4.93% | 47,280 | $15.2M | Add +2.7% |
| SPGI S&P Global Inc. | 3.84% | 22,747 | $11.9M | Add +8.4% |
| ACWI iShares MSCI Acwi ETF | 3.64% | 79,500 | $11.2M | No change |
| AAPL Apple Inc. | 3.55% | 40,416 | $11.0M | Add +2.5% |
| UNH Unitedhealth Group Inc. | 3.50% | 32,765 | $10.8M | Add +98.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 3.35% | 22,083 | $10.4M | Reduce -4.2% |
| UBER Uber Technologies Inc. | 3.11% | 117,613 | $9.6M | Add +91.5% |
| ICE Intercontinental Exchange Inc. | 3.00% | 57,328 | $9.3M | Reduce -0.3% |
| NVO Novo-Nordisk A/S-Spons ADR | 2.88% | 175,183 | $8.9M | Reduce -29.4% |
| NVDA Nvidia Corp. | 2.81% | 46,563 | $8.7M | Reduce -43.8% |
| FTNT Fortinet Inc. | 2.65% | 103,115 | $8.2M | Add +5.4% |
| UNITY SOFTWARE INC (U 0 11/15/26) | 2.09% | 67,000 | $6.5M | New |
| NFLX Netflix Inc. | 1.78% | 58,621 | $5.5M | Add +32.9% |
| MCO Moody's Corp. | 1.59% | 9,606 | $4.9M | Reduce -11.1% |
| META Meta Platforms Inc. Class A | 1.28% | 6,002 | $4.0M | Add +5.6% |
| CRM Salesforce Inc. | 1.15% | 13,381 | $3.5M | No change |
| EFX Equifax Inc. | 1.12% | 15,948 | $3.5M | Add +5.5% |
| AMD Advanced Micro Devices | 0.92% | 13,340 | $2.9M | Reduce -37.8% |
| FISV Fiserv Inc. | 0.91% | 41,790 | $2.8M | Add +9.4% |
| INTU Intuit Inc. | 0.86% | 4,000 | $2.6M | Reduce -54.7% |
| BKNG Booking Holdings Inc. | 0.77% | 445 | $2.4M | Reduce -60.4% |
| FICO Fair Isaac Corp. | 0.68% | 1,252 | $2.1M | Add +19.0% |
| SHEL Shell PLC-ADR | 0.66% | 27,600 | $2.0M | No change |
| ASML ASML Holding NV-NY Reg SHS | 0.54% | 1,563 | $1.7M | Add +42.9% |
| NEE Nextera Energy Inc. | 0.48% | 18,330 | $1.5M | No change |
| ADBE Adobe Inc. | 0.44% | 3,930 | $1.4M | No change |
| TMO Thermo Fisher Scientific Inc. | 0.30% | 1,613 | $934K | Add +79.2% |
| SLRC SLR Investment Corp. | 0.25% | 50,813 | $786K | Add +2.6% |
| UPWORK INC (UPWK 0.25 08/15/26) | 0.19% | 6,006 | $582K | New |
| COST Costco Wholesale Corp. | 0.18% | 654 | $564K | Reduce -4.4% |
| QCOM Qualcomm Inc. | 0.18% | 3,186 | $545K | Reduce -35.7% |
| BA The Boeing Co. | 0.14% | 1,970 | $428K | No change |
| PEP Pepsico Inc. | 0.13% | 2,855 | $410K | No change |
| FDX FedEx Corp. | 0.13% | 1,390 | $402K | No change |
| SNOW Snowflake Inc. | 0.12% | 1,640 | $360K | No change |
| SE Sea Ltd.-ADR | 0.12% | 2,810 | $358K | Reduce -75.4% |
| MELI MercadoLibre Inc. | 0.11% | 168 | $338K | No change |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.09% | 7,405 | $281K | Reduce -65.6% |
| PLTR Palantir Technologies Inc. Class A | 0.08% | 1,341 | $238K | Reduce -46.3% |
| SEA LTD (SEALTD 0.25 09/15/26) | 0.02% | 59,044 | $57K | New |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | 0.00% | 5,021 | $5K | Add +0.3% |
Portfolio Sells Q3 2025 → Q4 2025
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −2.91 |
| NVDA Nvidia Corp. | Reduce -43.8% | 2.81% | −2.10 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -29.4% | 2.88% | −1.48 |
| BKNG Booking Holdings Inc. | Reduce -60.4% | 0.77% | −1.15 |
| INTU Intuit Inc. | Reduce -54.7% | 0.86% | −1.06 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.60 |
| SE Sea Ltd.-ADR | Reduce -75.4% | 0.12% | −0.53 |
| NET Cloudflare Inc. Class A | Sold out | 0.00% | −0.52 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -16.9% | 4.95% | −0.42 |
| TTD Trade Desk Inc./the Class A | Reduce -65.6% | 0.09% | −0.24 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -4.2% | 3.35% | −0.24 |
| AMD Advanced Micro Devices | Reduce -37.8% | 0.92% | −0.18 |
| CRWV Coreweave Inc. Class A | Sold out | 0.00% | −0.15 |
| DNUT Krispy Kreme Inc. | Sold out | 0.00% | −0.14 |
| QCOM Qualcomm Inc. | Reduce -35.7% | 0.18% | −0.09 |
| ICE Intercontinental Exchange Inc. | Reduce -0.3% | 3.00% | −0.07 |
| PLTR Palantir Technologies Inc. Class A | Reduce -46.3% | 0.08% | −0.07 |
| MCO Moody's Corp. | Reduce -11.1% | 1.59% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -4.4% | 0.18% | −0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -7.7% | 14.17% | +2.47 |
Portfolio Buys Q3 2025 → Q4 2025
| MA Mastercard Inc. Class A | Add +34.3% | 8.04% | +2.19 |
| UNITY SOFTWARE INC (U 0 11/15/26) | New | 2.09% | +2.09 |
| UNH Unitedhealth Group Inc. | Add +98.5% | 3.50% | +1.69 |
| UBER Uber Technologies Inc. | Add +91.5% | 3.11% | +1.20 |
| AMZN Amazon.com Inc. | Add +4.2% | 8.78% | +0.92 |
| SPGI S&P Global Inc. | Add +8.4% | 3.84% | +0.61 |
| AAPL Apple Inc. | Add +2.5% | 3.55% | +0.37 |
| JPM JPMorgan Chase & Co. | Add +2.7% | 4.93% | +0.32 |
| ASML ASML Holding NV-NY Reg SHS | Add +42.9% | 0.54% | +0.20 |
| UPWORK INC (UPWK 0.25 08/15/26) | New | 0.19% | +0.19 |
| FICO Fair Isaac Corp. | Add +19.0% | 0.68% | +0.19 |
| TMO Thermo Fisher Scientific Inc. | Add +79.2% | 0.30% | +0.16 |
| NFLX Netflix Inc. | Add +32.9% | 1.78% | +0.10 |
| FTNT Fortinet Inc. | Add +5.4% | 2.65% | +0.04 |
| SEA LTD (SEALTD 0.25 09/15/26) | New | 0.02% | +0.02 |
| SLRC SLR Investment Corp. | Add +2.6% | 0.25% | +0.01 |
| META Meta Platforms Inc. Class A | Add +5.6% | 1.28% | −0.04 |
| EFX Equifax Inc. | Add +5.5% | 1.12% | −0.11 |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | Add +0.3% | 0.00% | −0.15 |
| MSFT Microsoft Corp. | Add +2.7% | 9.51% | −0.21 |
| FISV Fiserv Inc. | Add +9.4% | 0.91% | −0.65 |
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 |