Ameliora Wealth Management Ltd.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 15, 2025), Ameliora Wealth Management Ltd. reported 237 stock positions worth $265.8 million. Its top holding was iShares Investment Grade SYS (IGEB) at 8.8% of the portfolio, followed by iShares Core U.S. Aggregate (AGG, 8.3%) and SS SPDR BB Ig Float RT ETF (FLRN, 7.1%). Compared with Q4 2024, it opened 13 new positions, sold out of 13, added to 33 and reduced 41. The biggest buy was SS SPDR BB Ig Float RT ETF (FLRN, shares +66%) and the biggest sale Broadcom (AVGO, shares −30%).
- Most Recent 13F
- Q2 2026
- Location
- ZURICH, V8
- CIK
- 0001910168
- Portfolio Value
- $265.8M (Q1 2025)
- SEC Filing
- 0001910168-25-000002 ↗ filed Apr 15, 2025
Holdings Value
Holdings 237 stocks · $265.8M
| IGEB iShares Investment Grade SYS | 8.83% | 521,558 | $23.5M | Add +4.7% |
| AGG iShares Core U.S. Aggregate | 8.28% | 222,572 | $22.0M | Add +3.2% |
| FLRN SS SPDR BB Ig Float RT ETF | 7.11% | 613,445 | $18.9M | Add +66.0% |
| IGIB iShares 5-10Y Inv Grade Corp. | 6.80% | 344,179 | $18.1M | Add +5.2% |
| TMUS T-Mobile US Inc. | 6.02% | 60,000 | $16.0M | No change |
| SGOL Abrdn Physical Gold Shares | 4.85% | 432,027 | $12.9M | Add +1.7% |
| IVV iShares Core S&P 500 ETF | 3.81% | 18,038 | $10.1M | Add +1.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.59% | 12,305 | $6.9M | Reduce -16.3% |
| AAPL Apple Inc. | 2.58% | 30,877 | $6.9M | Reduce -11.2% |
| IWY iShares Russell Top 200 Grow | 2.16% | 27,273 | $5.8M | Reduce -16.6% |
| JPM JPMorgan Chase & Co. | 2.12% | 23,021 | $5.6M | No change |
| QQQ Invesco QQQ Trust Series 1 | 1.98% | 11,226 | $5.3M | Reduce -24.1% |
| MSFT Microsoft Corp. | 1.98% | 13,999 | $5.3M | Add +0.8% |
| V Visa Inc. Class A | 1.96% | 14,831 | $5.2M | Add +6.0% |
| INDA iShares MSCI India ETF | 1.79% | 92,249 | $4.7M | Reduce -8.1% |
| NVDA Nvidia Corp. | 1.66% | 40,688 | $4.4M | Reduce -5.0% |
| DBJP Xtrackers MSCI Japan Hedged | 1.62% | 57,991 | $4.3M | Add +1.3% |
| WM Waste Management Inc. | 1.41% | 16,197 | $3.7M | Add +15.6% |
| LLY Eli Lilly & Co. | 1.40% | 4,499 | $3.7M | Reduce -1.2% |
| AVGO Broadcom Inc. | 1.38% | 21,895 | $3.7M | Reduce -30.4% |
| WMT Walmart Inc. | 1.36% | 41,316 | $3.6M | Reduce -25.3% |
| GRID First TRST Nasd Class Edg Sgiif | 1.34% | 31,391 | $3.6M | Reduce -2.0% |
| APO Apollo Global Management Inc. | 1.21% | 23,410 | $3.2M | Add +3.5% |
| GOOGL Alphabet Inc. Class A | 1.20% | 20,647 | $3.2M | Reduce -1.3% |
| XLE SS Energy Select Sector | 1.15% | 32,697 | $3.1M | Reduce -1.1% |
| UNH Unitedhealth Group Inc. | 0.98% | 4,964 | $2.6M | Add +0.9% |
| C Citigroup Inc. | 0.87% | 32,590 | $2.3M | No change |
| MA Mastercard Inc. Class A | 0.87% | 4,215 | $2.3M | No change |
| NEAR iShares SH Dba ETF Usd Inc. | 0.87% | 45,287 | $2.3M | No change |
| COST Costco Wholesale Corp. | 0.86% | 2,408 | $2.3M | Add +0.9% |
| VGK Vanguard Ftse Europe ETF | 0.82% | 31,212 | $2.2M | Add +0.8% |
| REGN Regeneron Pharmaceuticals | 0.76% | 3,197 | $2.0M | Reduce -1.4% |
| AMZN Amazon.com Inc. | 0.73% | 10,152 | $1.9M | Add +10.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.70% | 15,176 | $1.8M | Add +13.6% |
| GOOG Alphabet Inc. Class C | 0.64% | 10,870 | $1.7M | Reduce -0.8% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.56% | 16,163 | $1.5M | No change |
| EWL iShares MSCI Switzerland ETF | 0.46% | 23,423 | $1.2M | Reduce -15.8% |
| ULST SS Ultra Short TM Bond ETF | 0.42% | 27,767 | $1.1M | No change |
| IJH iShares Core S&P Midcap ETF | 0.42% | 19,285 | $1.1M | Reduce -5.0% |
| IYC iShares US Consumer Discreti | 0.37% | 11,000 | $972K | No change |
| PANW Palo Alto Networks Inc. | 0.36% | 5,640 | $962K | Reduce -23.1% |
| VOO Vanguard S&P 500 ETF | 0.35% | 1,807 | $929K | Reduce -41.0% |
| META Meta Platforms Inc. Class A | 0.34% | 1,583 | $912K | Add +2.2% |
| EAGG iShares ESG Aware US Aggrega | 0.32% | 18,000 | $855K | No change |
| TQQQ Proshares Ultrapro QQQ | 0.32% | 14,795 | $848K | Add +199.6% |
| PWR Quanta Services Inc. | 0.31% | 3,262 | $829K | Reduce -0.9% |
| OEF iShares S&P 100 ETF | 0.29% | 2,845 | $771K | Add +38.6% |
| BX Blackstone Inc. | 0.27% | 5,186 | $725K | Add +4.6% |
| SPGI S&P Global Inc. | 0.26% | 1,386 | $704K | Add +4.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.26% | 1,310 | $698K | No change |
| BA The Boeing Co. | 0.26% | 4,000 | $682K | Add +6.7% |
| IAU iShares Gold Trust | 0.25% | 12,500 | $661K | No change |
| MET Metlife Inc. | 0.25% | 8,131 | $653K | Reduce -5.4% |
| XOM Exxon Mobil Corp. | 0.24% | 5,409 | $643K | Add +4.1% |
| ITA iShares U.S. Aerospace & Def | 0.24% | 4,110 | $629K | Reduce -2.5% |
| RSP Invesco S&P 500 Equal Weight | 0.22% | 3,443 | $596K | No change |
| FLOT iShares Floating Rate Bond E | 0.22% | 11,620 | $593K | Reduce -6.4% |
| SYLD Cambria Shareholder Yield Et | 0.21% | 8,723 | $557K | No change |
| LOW Lowe's Cos Inc. | 0.20% | 2,291 | $534K | Add +4.4% |
| GLD SPDR Gold Shares | 0.20% | 1,818 | $524K | Add +98.3% |
| XLF SS Financial Select Sector | 0.19% | 10,000 | $498K | No change |
| NFLX Netflix Inc. | 0.18% | 525 | $490K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.18% | 4,800 | $474K | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.16% | 5,180 | $429K | Reduce -8.4% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.16% | 8,000 | $419K | Reduce -5.8% |
| IBIT iShares Bitcoin Trust ETF | 0.15% | 8,790 | $411K | Add +2830.0% |
| HEFA Isha Curr Hedged MSCI Eafe | 0.15% | 11,311 | $410K | No change |
| EWJ iShares MSCI Japan ETF | 0.15% | 5,900 | $405K | No change |
| VYM Vanguard High DVD Yield ETF | 0.15% | 3,119 | $402K | No change |
| VCIT Vanguard Int-Term Corporate | 0.15% | 4,727 | $386K | No change |
| RIO Rio Tinto PLC-Spon ADR | 0.14% | 6,360 | $382K | Reduce -47.0% |
| HZO Marinemax Inc. | 0.14% | 17,600 | $378K | No change |
| NEE Nextera Energy Inc. | 0.14% | 5,200 | $369K | No change |
| HD Home Depot Inc. | 0.14% | 986 | $361K | No change |
| CVX Chevron Corp. | 0.13% | 2,050 | $343K | Reduce -45.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.13% | 2,050 | $340K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.12% | 7,892 | $329K | No change |
| GE General Electric filed as GE AEROSPACE | 0.12% | 1,562 | $313K | No change |
| WFC Wells Fargo & Co. | 0.12% | 4,294 | $308K | Reduce -14.1% |
| USB US Bancorp | 0.11% | 6,840 | $289K | No change |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.11% | 3,350 | $288K | Add +3250.0% |
| HACK Amplify Cybersecurity ETF | 0.11% | 4,000 | $287K | No change |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.11% | 1,750 | $281K | No change |
| SLV iShares Silver Trust | 0.10% | 8,970 | $278K | New |
| TMO Thermo Fisher Scientific Inc. | 0.10% | 558 | $278K | Add +6.5% |
| EWZ iShares MSCI Brazil ETF | 0.10% | 10,690 | $276K | Add +79.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.10% | 750 | $264K | No change |
| FTNT Fortinet Inc. | 0.10% | 2,710 | $261K | Reduce -3.6% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.10% | 1,400 | $261K | No change |
| AMD Advanced Micro Devices | 0.09% | 2,425 | $249K | Reduce -66.7% |
| PG The Procter & Gamble Co. | 0.09% | 1,460 | $249K | No change |
| PEP Pepsico Inc. | 0.09% | 1,614 | $242K | No change |
| VWO Vanguard Ftse Emerging Marke | 0.09% | 5,000 | $226K | No change |
| YLDE Franklin Clearbridge Enhance | 0.08% | 4,017 | $208K | No change |
| ZS Zscaler Inc. | 0.08% | 1,036 | $206K | Reduce -1.6% |
| MAA Mid-America Apartment Comm | 0.08% | 1,200 | $201K | No change |
| TSLA Tesla Inc. | 0.07% | 768 | $199K | Add +19.1% |
| MELI MercadoLibre Inc. | 0.07% | 99 | $193K | Reduce -46.2% |
| DSTL Distillate US Fundamental St | 0.07% | 3,532 | $192K | No change |
| GPK Graphic Packaging Holding Co. | 0.07% | 7,205 | $187K | Reduce -39.9% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $386 (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 14 | $386 | No change |
Total filed on the 13F, all lines: $265.9M.
Portfolio Sells Q4 2024 → Q1 2025
| AVGO Broadcom Inc. | Reduce -30.4% | 1.38% | −1.36 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -24.1% | 1.98% | −0.86 |
| IWY iShares Russell Top 200 Grow | Reduce -16.6% | 2.16% | −0.72 |
| AAPL Apple Inc. | Reduce -11.2% | 2.58% | −0.69 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -16.3% | 2.59% | −0.64 |
| WMT Walmart Inc. | Reduce -25.3% | 1.36% | −0.51 |
| NVDA Nvidia Corp. | Reduce -5.0% | 1.66% | −0.50 |
| GOOGL Alphabet Inc. Class A | Reduce -1.3% | 1.20% | −0.28 |
| VOO Vanguard S&P 500 ETF | Reduce -41.0% | 0.35% | −0.27 |
| AMD Advanced Micro Devices | Reduce -66.7% | 0.09% | −0.24 |
| INDA iShares MSCI India ETF | Reduce -8.1% | 1.79% | −0.20 |
| GOOG Alphabet Inc. Class C | Reduce -0.8% | 0.64% | −0.14 |
| PANW Palo Alto Networks Inc. | Reduce -23.1% | 0.36% | −0.14 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -47.0% | 0.14% | −0.12 |
| REGN Regeneron Pharmaceuticals | Reduce -1.4% | 0.76% | −0.10 |
| J Jacobs Solutions Inc. | Reduce -90.0% | 0.01% | −0.10 |
| GRID First TRST Nasd Class Edg Sgiif | Reduce -2.0% | 1.34% | −0.10 |
| PWR Quanta Services Inc. | Reduce -0.9% | 0.31% | −0.08 |
| CVX Chevron Corp. | Reduce -45.7% | 0.13% | −0.08 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.07 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -46.1% | 0.06% | −0.06 |
| GPK Graphic Packaging Holding Co. | Reduce -39.9% | 0.07% | −0.05 |
| IJH iShares Core S&P Midcap ETF | Reduce -5.0% | 0.42% | −0.05 |
| DELL Dell Technologies -C | Reduce -47.0% | 0.04% | −0.05 |
| RH RH | Sold out | 0.00% | −0.05 |
| MELI MercadoLibre Inc. | Reduce -46.2% | 0.07% | −0.04 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −0.04 |
| CAT Caterpillar Inc. | Reduce -39.5% | 0.04% | −0.03 |
| ABBV Abbvie Inc. | Reduce -52.3% | 0.04% | −0.03 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.03 |
| MUB iShares National Muni Bond E | Sold out | 0.00% | −0.02 |
| EWL iShares MSCI Switzerland ETF | Reduce -15.8% | 0.46% | −0.02 |
| SHEL Shell PLC-ADR | Reduce -42.7% | 0.05% | −0.02 |
| XYZ Block Inc. | Reduce -6.6% | 0.03% | −0.02 |
| MET Metlife Inc. | Reduce -5.4% | 0.25% | −0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.02 |
| AMTM Amentum Holdings Inc. | Reduce -90.0% | 0.00% | −0.02 |
| WFC Wells Fargo & Co. | Reduce -14.1% | 0.12% | −0.02 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.01 |
| FLOT iShares Floating Rate Bond E | Reduce -6.4% | 0.22% | −0.01 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -8.4% | 0.16% | −0.01 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -5.8% | 0.16% | −0.01 |
| RLX RLX Technology Inc.-ADR | Sold out | 0.00% | −0.00 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.00 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.00 |
| ETSY Etsy Inc. | Reduce -12.8% | 0.01% | −0.00 |
| FTNT Fortinet Inc. | Reduce -3.6% | 0.10% | −0.00 |
| BBAR Bbva Argentina SA-ADR | Sold out | 0.00% | −0.00 |
| LUXE Luxexperience BV | Sold out | 0.00% | −0.00 |
| OTLY Oatly Group AB | Sold out | 0.00% | 0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| FLRN SS SPDR BB Ig Float RT ETF | Add +66.0% | 7.11% | +2.85 |
| SGOL Abrdn Physical Gold Shares | Add +1.7% | 4.85% | +0.85 |
| IGEB iShares Investment Grade SYS | Add +4.7% | 8.83% | +0.54 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +5.2% | 6.80% | +0.47 |
| AGG iShares Core U.S. Aggregate | Add +3.2% | 8.28% | +0.44 |
| WM Waste Management Inc. | Add +15.6% | 1.41% | +0.35 |
| V Visa Inc. Class A | Add +6.0% | 1.96% | +0.30 |
| TQQQ Proshares Ultrapro QQQ | Add +199.6% | 0.32% | +0.17 |
| IBIT iShares Bitcoin Trust ETF | Add +2830.0% | 0.15% | +0.15 |
| GLD SPDR Gold Shares | Add +98.3% | 0.20% | +0.11 |
| SLV iShares Silver Trust | New | 0.10% | +0.10 |
| IRM Iron Mountain Inc. | Add +3250.0% | 0.11% | +0.10 |
| TJX TJX Companies Inc. | Add +13.6% | 0.70% | +0.09 |
| VGK Vanguard Ftse Europe ETF | Add +0.8% | 0.82% | +0.09 |
| OEF iShares S&P 100 ETF | Add +38.6% | 0.29% | +0.07 |
| AQLT iShares MSCI GL Qua Fact ETF | New | 0.07% | +0.07 |
| ORCL Oracle Corp. | New | 0.06% | +0.06 |
| ISRG Intuitive Surgical Inc. | Add +872.2% | 0.07% | +0.06 |
| VGSH Vanguard Short-Term Treasury | New | 0.06% | +0.06 |
| EWZ iShares MSCI Brazil ETF | Add +79.1% | 0.10% | +0.05 |
| IBKR Interactive Brokers Gro Class A | New | 0.05% | +0.05 |
| UNH Unitedhealth Group Inc. | Add +0.9% | 0.98% | +0.04 |
| COST Costco Wholesale Corp. | Add +0.9% | 0.86% | +0.04 |
| XOM Exxon Mobil Corp. | Add +4.1% | 0.24% | +0.03 |
| SONY Sony Group Corp. - SP ADR | New | 0.02% | +0.02 |
| BRZU Dir Dai Ms Braz Bul 2X ETF-U | New | 0.02% | +0.02 |
| GDX Vaneck Gold Miners ETF | Add +183.0% | 0.02% | +0.02 |
| SPGI S&P Global Inc. | Add +4.5% | 0.26% | +0.02 |
| BBD Banco Bradesco-ADR | New | 0.02% | +0.02 |
| EWG iShares MSCI Germany ETF | Add +20.2% | 0.05% | +0.01 |
| BA The Boeing Co. | Add +6.7% | 0.26% | +0.01 |
| VFH Vanguard Financials ETF | New | 0.00% | +0.00 |
| BLDR Builders Firstsource Inc. | New | 0.00% | +0.00 |
| SDVY First Trust Smid Cap Rising | New | 0.00% | +0.00 |
| CIBR First Trust Nasdaq Cybersecu | New | 0.00% | +0.00 |
| SKYY First Trust Cloud Computing | New | 0.00% | +0.00 |
| META Meta Platforms Inc. Class A | Add +2.2% | 0.34% | +0.00 |
| TMO Thermo Fisher Scientific Inc. | Add +6.5% | 0.10% | +0.00 |
| LOW Lowe's Cos Inc. | Add +4.4% | 0.20% | −0.00 |
| DBJP Xtrackers MSCI Japan Hedged | Add +1.3% | 1.62% | −0.01 |
| TSLA Tesla Inc. | Add +19.1% | 0.07% | −0.02 |
| AMZN Amazon.com Inc. | Add +10.7% | 0.73% | −0.03 |
| BX Blackstone Inc. | Add +4.6% | 0.27% | −0.05 |
| IVV iShares Core S&P 500 ETF | Add +1.3% | 3.81% | −0.12 |
| APO Apollo Global Management Inc. | Add +3.5% | 1.21% | −0.20 |
| MSFT Microsoft Corp. | Add +0.8% | 1.98% | −0.22 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 228 | $336.9M | IGIB, IVV, IGSB, FLRN, IGEB |
| Q1 2026 | 231 | $313.7M | IGIB, IGSB, FLRN, IVV, SGOL |
| Q4 2025 | 226 | $328.3M | IGEB, SGOL, IVV, IGIB, FLRN |
| Q3 2025 | 220 | $300.3M | IGEB, IVV, FLRN, SGOL, IGIB |
| Q2 2025 | 213 | $279.6M | IGEB, FLRN, IGIB, AGG, SGOL |
| Q1 2025 | 237 | $265.8M | IGEB, AGG, FLRN, IGIB, TMUS |
| Q4 2024 | 237 | $266.5M | IGEB, AGG, IGIB, TMUS, FLRN |
| Q3 2024 | 163 | $239.9M | IGEB, AGG, IGIB, SGOL, TMUS |
| Q2 2024 | 182 | $220.3M | AGG, IGEB, FLRN, SGOL, TMUS |
| Q1 2024 | 195 | $220.6M | AGG, IGEB, FLRN, SGOL, IGIB |