Ameliora Wealth Management Ltd.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Ameliora Wealth Management Ltd. reported 220 stock positions worth $300.3 million. Its top holding was iShares Investment Grade SYS (IGEB) at 8.3% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 6.7%) and SS SPDR BB Ig Float RT ETF (FLRN, 6.3%). Compared with Q2 2025, it opened 24 new positions, sold out of 17, added to 47 and reduced 33. The biggest buy was iShares Russell Top 200 Grow (IWY, shares +114%) and the biggest sale iShares Core U.S. Aggregate (AGG, shares −26%).
- Most Recent 13F
- Q2 2026
- Location
- ZURICH, V8
- CIK
- 0001910168
- Portfolio Value
- $300.3M (Q3 2025)
- SEC Filing
- 0001910168-25-000007 ↗ filed Nov 12, 2025
Holdings Value
Holdings 220 stocks · $300.3M
| IGEB iShares Investment Grade SYS | 8.32% | 542,557 | $25.0M | Reduce -1.1% |
| IVV iShares Core S&P 500 ETF | 6.68% | 29,994 | $20.1M | Add +22.0% |
| FLRN SS SPDR BB Ig Float RT ETF | 6.27% | 610,020 | $18.8M | Reduce -6.2% |
| SGOL Abrdn Physical Gold Shares | 6.23% | 508,144 | $18.7M | Reduce -1.1% |
| IGIB iShares 5-10Y Inv Grade Corp. | 6.08% | 337,765 | $18.3M | Reduce -3.3% |
| TMUS T-Mobile US Inc. | 4.79% | 60,044 | $14.4M | Add +0.1% |
| AGG iShares Core U.S. Aggregate | 4.12% | 123,486 | $12.4M | Reduce -25.8% |
| IWY iShares Russell Top 200 Grow | 3.10% | 34,067 | $9.3M | Add +113.6% |
| NVDA Nvidia Corp. | 2.73% | 43,896 | $8.2M | Add +7.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.69% | 12,127 | $8.1M | Reduce -1.0% |
| VGK Vanguard Ftse Europe ETF | 2.35% | 88,262 | $7.0M | Add +15.2% |
| QQQ Invesco QQQ Trust Series 1 | 2.18% | 10,921 | $6.6M | Reduce -1.7% |
| IGSB iShares 1-5Y Inv Grade Corp. | 2.13% | 120,474 | $6.4M | Add +1.0% |
| GRID First TRST Nasd Class Edg Sgiif | 2.04% | 40,469 | $6.1M | Add +74.8% |
| MSFT Microsoft Corp. | 1.89% | 10,979 | $5.7M | Add +14.7% |
| AVGO Broadcom Inc. | 1.74% | 15,832 | $5.2M | Reduce -15.9% |
| AAPL Apple Inc. | 1.70% | 20,100 | $5.1M | Reduce -26.0% |
| DBJP Xtrackers MSCI Japan Hedged | 1.38% | 48,932 | $4.2M | Add +22.5% |
| EWG iShares MSCI Germany ETF | 1.37% | 98,691 | $4.1M | Add +27.6% |
| JPM JPMorgan Chase & Co. | 1.33% | 12,710 | $4.0M | Reduce -19.4% |
| GOOGL Alphabet Inc. Class A | 1.25% | 15,418 | $3.7M | Reduce -14.4% |
| WMT Walmart Inc. | 1.23% | 35,944 | $3.7M | Reduce -1.0% |
| SHLD Global X Defense Tech ETF | 1.21% | 51,650 | $3.6M | New |
| C Citigroup Inc. | 1.20% | 35,505 | $3.6M | Add +8.9% |
| V Visa Inc. Class A | 1.14% | 10,007 | $3.4M | Add +0.3% |
| WM Waste Management Inc. | 1.09% | 14,766 | $3.3M | Add +1.2% |
| SLV iShares Silver Trust | 1.06% | 75,107 | $3.2M | Add +413.3% |
| AMZN Amazon.com Inc. | 1.05% | 14,392 | $3.2M | Reduce -7.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.99% | 20,636 | $3.0M | Add +85.8% |
| NEAR iShares SH Dba ETF Usd Inc. | 0.82% | 48,287 | $2.5M | No change |
| APO Apollo Global Management Inc. | 0.81% | 18,337 | $2.4M | Add +5.1% |
| MA Mastercard Inc. Class A | 0.80% | 4,215 | $2.4M | No change |
| EUFN iShares MSCI Europe Financia | 0.71% | 62,058 | $2.1M | New |
| GS Goldman Sachs Group Inc. | 0.69% | 2,606 | $2.1M | Add +227.8% |
| GOOG Alphabet Inc. Class C | 0.62% | 7,701 | $1.9M | Reduce -40.6% |
| GDX Vaneck Gold Miners ETF | 0.54% | 21,066 | $1.6M | Add +1388.8% |
| EWL iShares MSCI Switzerland ETF | 0.51% | 27,528 | $1.5M | Add +8.8% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.49% | 16,163 | $1.5M | No change |
| META Meta Platforms Inc. Class A | 0.47% | 1,908 | $1.4M | Reduce -20.8% |
| UNH Unitedhealth Group Inc. | 0.46% | 4,000 | $1.4M | No change |
| VOO Vanguard S&P 500 ETF | 0.44% | 2,150 | $1.3M | Add +5.9% |
| GE General Electric filed as GE AEROSPACE | 0.43% | 4,313 | $1.3M | Add +66.4% |
| IYC iShares US Consumer Discreti | 0.38% | 11,000 | $1.2M | No change |
| ULST SS Ultra Short TM Bond ETF | 0.38% | 27,767 | $1.1M | No change |
| ORCL Oracle Corp. | 0.34% | 3,653 | $1.0M | Add +49.4% |
| LLY Eli Lilly & Co. | 0.33% | 1,305 | $996K | Reduce -65.5% |
| IJH iShares Core S&P Midcap ETF | 0.33% | 15,009 | $979K | No change |
| BA The Boeing Co. | 0.32% | 4,500 | $971K | No change |
| GLD SPDR Gold Shares | 0.32% | 2,680 | $953K | Reduce -0.5% |
| PANW Palo Alto Networks Inc. | 0.32% | 4,657 | $948K | Add +8.9% |
| OEF iShares S&P 100 ETF | 0.32% | 2,845 | $947K | No change |
| PWR Quanta Services Inc. | 0.31% | 2,272 | $942K | Add +3.3% |
| IAU iShares Gold Trust | 0.30% | 12,500 | $910K | No change |
| IBIT iShares Bitcoin Trust ETF | 0.29% | 13,618 | $885K | Add +24.9% |
| ITA iShares U.S. Aerospace & Def | 0.29% | 4,210 | $881K | No change |
| NFLX Netflix Inc. | 0.24% | 604 | $724K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.22% | 1,310 | $659K | No change |
| IBKR Interactive Brokers Gro Class A | 0.22% | 9,427 | $649K | Add +95.4% |
| XOM Exxon Mobil Corp. | 0.21% | 5,656 | $638K | Add +11.4% |
| BX Blackstone Inc. | 0.21% | 3,687 | $630K | Add +11.4% |
| FLOT iShares Floating Rate Bond E | 0.21% | 12,210 | $624K | Add +5.1% |
| COST Costco Wholesale Corp. | 0.19% | 630 | $583K | Reduce -70.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.18% | 1,975 | $552K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.18% | 4,800 | $550K | No change |
| HD Home Depot Inc. | 0.18% | 1,344 | $545K | Add +36.3% |
| XLF SS Financial Select Sector | 0.18% | 10,000 | $539K | No change |
| SPGI S&P Global Inc. | 0.17% | 1,025 | $499K | Add +9.5% |
| INDA iShares MSCI India ETF | 0.16% | 9,418 | $490K | Reduce -86.2% |
| ATMP Ipath Select MLP ETN filed as BARCLAYS BANK PLC | 0.16% | 17,007 | $487K | New |
| EAGG iShares ESG Aware US Aggrega | 0.16% | 10,000 | $480K | No change |
| ISRG Intuitive Surgical Inc. | 0.16% | 1,042 | $466K | Add +29.1% |
| HZO Marinemax Inc. | 0.15% | 17,600 | $446K | No change |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.15% | 4,350 | $443K | No change |
| VT Vanguard Tot World STK ETF | 0.14% | 3,105 | $428K | Add +288.1% |
| RIO Rio Tinto PLC-Spon ADR | 0.14% | 6,480 | $428K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.14% | 8,017 | $414K | Add +7.5% |
| LOW Lowe's Cos Inc. | 0.13% | 1,604 | $403K | Add +3.5% |
| VCIT Vanguard Int-Term Corporate | 0.12% | 4,450 | $374K | Reduce -5.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.12% | 740 | $363K | No change |
| WFC Wells Fargo & Co. | 0.12% | 4,294 | $360K | No change |
| HACK Amplify Cybersecurity ETF | 0.12% | 4,000 | $347K | No change |
| RSP Invesco S&P 500 Equal Weight | 0.11% | 1,796 | $341K | Reduce -46.3% |
| GEV GE Vernova Inc. | 0.11% | 550 | $338K | Add +41.0% |
| CVX Chevron Corp. | 0.11% | 2,174 | $338K | Add +6.0% |
| MU Micron Technology Inc. | 0.11% | 2,011 | $336K | Reduce -73.7% |
| EWZ iShares MSCI Brazil ETF | 0.11% | 10,340 | $321K | No change |
| PGR Progressive Corp. | 0.11% | 1,291 | $319K | Add +16.0% |
| TMO Thermo Fisher Scientific Inc. | 0.10% | 650 | $315K | Add +16.5% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.10% | 1,750 | $306K | No change |
| AMD Advanced Micro Devices | 0.10% | 1,850 | $299K | Add +5.1% |
| NET Cloudflare Inc. Class A | 0.10% | 1,369 | $294K | Add +6.2% |
| VWO Vanguard Ftse Emerging Marke | 0.09% | 5,000 | $271K | No change |
| TSLA Tesla Inc. | 0.09% | 606 | $270K | No change |
| KMI Kinder Morgan Inc. | 0.08% | 9,000 | $255K | No change |
| INTC Intel Corp. | 0.08% | 7,300 | $245K | No change |
| ZS Zscaler Inc. | 0.08% | 761 | $228K | Add +22.5% |
| PEP Pepsico Inc. | 0.08% | 1,614 | $227K | No change |
| PG The Procter & Gamble Co. | 0.07% | 1,460 | $224K | No change |
| FEZ State Street SPDR Euro Stoxx | 0.07% | 3,430 | $213K | No change |
| USB US Bancorp | 0.07% | 4,400 | $213K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $357 (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 14 | $357 | No change |
Total filed on the 13F, all lines: $300.3M.
Portfolio Sells Q2 2025 → Q3 2025
| AGG iShares Core U.S. Aggregate | Reduce -25.8% | 4.12% | −1.78 |
| INDA iShares MSCI India ETF | Reduce -86.2% | 0.16% | −1.19 |
| FLRN SS SPDR BB Ig Float RT ETF | Reduce -6.2% | 6.27% | −0.90 |
| XLE SS Energy Select Sector | Reduce -94.9% | 0.04% | −0.80 |
| LLY Eli Lilly & Co. | Reduce -65.5% | 0.33% | −0.72 |
| IGEB iShares Investment Grade SYS | Reduce -1.1% | 8.32% | −0.59 |
| IGIB iShares 5-10Y Inv Grade Corp. | Reduce -3.3% | 6.08% | −0.57 |
| COST Costco Wholesale Corp. | Reduce -70.7% | 0.19% | −0.57 |
| REGN Regeneron Pharmaceuticals | Reduce -97.6% | 0.01% | −0.44 |
| JPM JPMorgan Chase & Co. | Reduce -19.4% | 1.33% | −0.30 |
| AAPL Apple Inc. | Reduce -26.0% | 1.70% | −0.29 |
| AFRM Affirm Holdings Inc. | Sold out | 0.00% | −0.27 |
| TQQQ Proshares Ultrapro QQQ | Sold out | 0.00% | −0.26 |
| MET Metlife Inc. | Sold out | 0.00% | −0.23 |
| MU Micron Technology Inc. | Reduce -73.7% | 0.11% | −0.22 |
| GOOG Alphabet Inc. Class C | Reduce -40.6% | 0.62% | −0.20 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.17 |
| AMZN Amazon.com Inc. | Reduce -7.6% | 1.05% | −0.17 |
| META Meta Platforms Inc. Class A | Reduce -20.8% | 0.47% | −0.17 |
| AVGO Broadcom Inc. | Reduce -15.9% | 1.74% | −0.12 |
| RSP Invesco S&P 500 Equal Weight | Reduce -46.3% | 0.11% | −0.10 |
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -91.6% | 0.01% | −0.10 |
| VYM Vanguard High DVD Yield ETF | Sold out | 0.00% | −0.08 |
| TWST Twist Bioscience Corp. | Sold out | 0.00% | −0.05 |
| YLDE Franklin Clearbridge Enhance | Reduce -50.2% | 0.04% | −0.04 |
| WMT Walmart Inc. | Reduce -1.0% | 1.23% | −0.04 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -71.3% | 0.01% | −0.03 |
| BRZU Dir Dai Ms Braz Bul 2X ETF-U | Sold out | 0.00% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.0% | 2.69% | −0.02 |
| VCIT Vanguard Int-Term Corporate | Reduce -5.9% | 0.12% | −0.02 |
| URTH iShares MSCI World ETF | Reduce -54.5% | 0.01% | −0.01 |
| VALE Vale SA-SP ADR | Sold out | 0.00% | −0.01 |
| CRM Salesforce Inc. | Reduce -51.2% | 0.01% | −0.01 |
| SPAB SS SPDR P Agg Bond ETF | Sold out | 0.00% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.7% | 2.18% | −0.01 |
| AKBA Akebia Therapeutics Inc. | Sold out | 0.00% | −0.01 |
| MP MP Materials Corp. | Reduce -66.7% | 0.01% | −0.01 |
| AI C3.AI Inc. Class A | Reduce -7.9% | 0.01% | −0.01 |
| ROKU Roku Inc. | Reduce -27.8% | 0.02% | −0.01 |
| VTC Vanguard Total Corporate BND | Sold out | 0.00% | −0.01 |
| ETSY Etsy Inc. | Sold out | 0.00% | −0.00 |
| MS Morgan Stanley | Reduce -8.6% | 0.04% | −0.00 |
| ARCT Arcturus Therapeutics Holdin | Sold out | 0.00% | −0.00 |
| CMTL Comtech Telecommunications | Sold out | 0.00% | −0.00 |
| EDIT Editas Medicine Inc. | Sold out | 0.00% | −0.00 |
| DTIL Precision Biosciences Inc. | Sold out | 0.00% | 0.00 |
| GLD SPDR Gold Shares | Reduce -0.5% | 0.32% | +0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -14.4% | 1.25% | +0.11 |
| SGOL Abrdn Physical Gold Shares | Reduce -1.1% | 6.23% | +0.43 |
Portfolio Buys Q2 2025 → Q3 2025
| IWY iShares Russell Top 200 Grow | Add +113.6% | 3.10% | +1.70 |
| IVV iShares Core S&P 500 ETF | Add +22.0% | 6.68% | +1.23 |
| SHLD Global X Defense Tech ETF | New | 1.21% | +1.21 |
| SLV iShares Silver Trust | Add +413.3% | 1.06% | +0.89 |
| GRID First TRST Nasd Class Edg Sgiif | Add +74.8% | 2.04% | +0.88 |
| EUFN iShares MSCI Europe Financia | New | 0.71% | +0.71 |
| GDX Vaneck Gold Miners ETF | Add +1388.8% | 0.54% | +0.51 |
| TJX TJX Companies Inc. | Add +85.8% | 0.99% | +0.50 |
| GS Goldman Sachs Group Inc. | Add +227.8% | 0.69% | +0.49 |
| NVDA Nvidia Corp. | Add +7.8% | 2.73% | +0.43 |
| DBJP Xtrackers MSCI Japan Hedged | Add +22.5% | 1.38% | +0.29 |
| VGK Vanguard Ftse Europe ETF | Add +15.2% | 2.35% | +0.22 |
| C Citigroup Inc. | Add +8.9% | 1.20% | +0.21 |
| EWG iShares MSCI Germany ETF | Add +27.6% | 1.37% | +0.20 |
| GE General Electric | Add +66.4% | 0.43% | +0.19 |
| MSFT Microsoft Corp. | Add +14.7% | 1.89% | +0.19 |
| ATMP Ipath Select MLP ETN | New | 0.16% | +0.16 |
| ORCL Oracle Corp. | Add +49.4% | 0.34% | +0.15 |
| IBKR Interactive Brokers Gro Class A | Add +95.4% | 0.22% | +0.12 |
| VT Vanguard Tot World STK ETF | Add +288.1% | 0.14% | +0.11 |
| IBIT iShares Bitcoin Trust ETF | Add +24.9% | 0.29% | +0.06 |
| HD Home Depot Inc. | Add +36.3% | 0.18% | +0.05 |
| JNJ Johnson & Johnson | New | 0.04% | +0.04 |
| GEV GE Vernova Inc. | Add +41.0% | 0.11% | +0.04 |
| CVS CVS Health Corp. | New | 0.04% | +0.04 |
| BX Blackstone Inc. | Add +11.4% | 0.21% | +0.03 |
| NEE Nextera Energy Inc. | New | 0.03% | +0.03 |
| VOO Vanguard S&P 500 ETF | Add +5.9% | 0.44% | +0.03 |
| TMO Thermo Fisher Scientific Inc. | Add +16.5% | 0.10% | +0.02 |
| ECH iShares MSCI Chile ETF | New | 0.02% | +0.02 |
| BABA Alibaba Group Holding-SP ADR | Add +433.3% | 0.02% | +0.02 |
| RTX RTX Corp. | New | 0.02% | +0.02 |
| XOM Exxon Mobil Corp. | Add +11.4% | 0.21% | +0.02 |
| PWR Quanta Services Inc. | Add +3.3% | 0.31% | +0.02 |
| CEG Constellation Energy | New | 0.01% | +0.01 |
| MLM Martin Marietta Materials | New | 0.01% | +0.01 |
| ICE Intercontinental Exchange Inc. | New | 0.01% | +0.01 |
| QCOM Qualcomm Inc. | Add +27.5% | 0.06% | +0.01 |
| BAC Bank of America Corp. | Add +7.5% | 0.14% | +0.01 |
| DHR Danaher Corp. | Add +494.3% | 0.01% | +0.01 |
| LOW Lowe's Cos Inc. | Add +3.5% | 0.13% | +0.01 |
| SDVY First Trust Smid Cap Rising | Add +236.5% | 0.02% | +0.01 |
| CSCO Cisco Systems Inc. | New | 0.01% | +0.01 |
| EWL iShares MSCI Switzerland ETF | Add +8.8% | 0.51% | +0.01 |
| AMD Advanced Micro Devices | Add +5.1% | 0.10% | +0.01 |
| MCD McDonald's Corp. | New | 0.01% | +0.01 |
| CME Cme Group Inc. | New | 0.01% | +0.01 |
| KTOS Kratos Defense & Security | New | 0.01% | +0.01 |
| BLK BlackRock Inc. | New | 0.01% | +0.01 |
| EQT Eqt Corp. | New | 0.01% | +0.01 |
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 |