Bank Pictet & Cie (Europe) AG
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 16, 2025), Bank Pictet & Cie (Europe) AG reported 197 stock positions worth $4.7 billion. Its top holding was Microsoft (MSFT) at 9.8% of the portfolio, followed by Amazon.com (AMZN, 9.3%) and Nvidia (NVDA, 7.9%). Compared with Q1 2025, it opened 16 new positions, sold out of 5, added to 88 and reduced 65. The biggest buy was Nvidia (NVDA, shares +2%) and the biggest sale Unitedhealth (UNH, shares −12%).
- Most Recent 13F
- Q2 2026
- Location
- FRANKFURT AM MAIN, 2M
- CIK
- 0001123274
- Portfolio Value
- $4.7B (Q2 2025)
- SEC Filing
- 0001123274-25-000011 ↗ filed Jul 16, 2025
Holdings Value
Holdings 197 stocks · $4.7B
| MSFT Microsoft Corp. | 9.78% | 922,524 | $457.1M | Add +3.8% |
| AMZN Amazon.com Inc. | 9.30% | 1,981,517 | $434.7M | Add +3.4% |
| NVDA Nvidia Corp. | 7.86% | 2,325,140 | $367.3M | Add +1.6% |
| GOOGL Alphabet Inc. Class A | 5.82% | 1,544,731 | $272.2M | Add +0.9% |
| V Visa Inc. Class A | 4.42% | 582,321 | $206.8M | Reduce -1.7% |
| META Meta Platforms Inc. Class A | 3.22% | 204,267 | $150.8M | Reduce -3.3% |
| COST Costco Wholesale Corp. | 2.48% | 117,254 | $116.1M | No change |
| CTAS Cintas Corp. | 2.45% | 514,336 | $114.6M | No change |
| TSM Taiwan Semiconductor-SP ADR | 2.21% | 456,999 | $103.5M | Add +0.1% |
| ISRG Intuitive Surgical Inc. | 2.21% | 189,805 | $103.1M | Add +0.6% |
| CMG Chipotle Mexican Grill Inc. | 1.79% | 1,491,721 | $83.8M | Add +0.2% |
| GOOG Alphabet Inc. Class C | 1.66% | 437,269 | $77.6M | Reduce -6.6% |
| UNH Unitedhealth Group Inc. | 1.62% | 242,360 | $75.6M | Reduce -11.7% |
| PG The Procter & Gamble Co. | 1.54% | 452,436 | $72.1M | Add +13.1% |
| WFC Wells Fargo & Co. | 1.42% | 825,992 | $66.2M | Reduce -6.4% |
| CRM Salesforce Inc. | 1.39% | 238,207 | $65.0M | Add +7.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.39% | 89 | $64.9M | No change |
| AAPL Apple Inc. | 1.39% | 315,639 | $64.8M | Add +6.1% |
| ETN Eaton Corp. PLC | 1.34% | 176,010 | $62.8M | Reduce -0.5% |
| ZTS Zoetis Inc. | 1.31% | 392,560 | $61.2M | Reduce -1.3% |
| SYK Stryker Corp. | 1.25% | 147,365 | $58.3M | Add +35.5% |
| JPM JPMorgan Chase & Co. | 1.24% | 199,716 | $57.9M | Add +3.0% |
| PM Philip Morris International | 1.19% | 304,929 | $55.5M | Add +16373.7% |
| MCD McDonald's Corp. | 1.18% | 188,550 | $55.1M | Reduce -0.2% |
| LLY Eli Lilly & Co. | 1.16% | 69,529 | $54.2M | Add +3.9% |
| DHR Danaher Corp. | 1.10% | 261,271 | $51.6M | Add +34.0% |
| ABBV Abbvie Inc. | 1.09% | 274,701 | $51.0M | Reduce -3.4% |
| MRSH Marsh & McLennan Cos | 1.03% | 220,201 | $48.1M | Add +4.0% |
| IDXX Idexx Laboratories Inc. | 1.02% | 89,000 | $47.7M | No change |
| DHI D.R. Horton Inc. | 1.01% | 366,101 | $47.2M | Add +14.6% |
| AVGO Broadcom Inc. | 0.99% | 167,426 | $46.2M | Reduce -25.1% |
| ORLY O'reilly Automotive Inc. | 0.94% | 485,699 | $43.8M | Reduce -10.1% |
| MRK Merck & Co. Inc. | 0.93% | 549,215 | $43.5M | Add +0.6% |
| SPGI S&P Global Inc. | 0.84% | 74,479 | $39.3M | No change |
| HON Honeywell International Inc. | 0.74% | 148,685 | $34.6M | Reduce -9.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.73% | 70,603 | $34.3M | Reduce -9.0% |
| LIN Linde PLC | 0.71% | 70,831 | $33.2M | Reduce -0.8% |
| AMD Advanced Micro Devices | 0.69% | 227,188 | $32.2M | Add +5.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.68% | 51,223 | $31.6M | Reduce -22.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.65% | 641,568 | $30.4M | Reduce -17.7% |
| MA Mastercard Inc. Class A | 0.61% | 50,543 | $28.4M | Reduce -19.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.60% | 51,310 | $28.2M | Reduce -21.1% |
| MCO Moody's Corp. | 0.59% | 54,954 | $27.6M | Reduce -21.8% |
| TXN Texas Instruments Inc. | 0.52% | 116,830 | $24.3M | Reduce -2.8% |
| WM Waste Management Inc. | 0.52% | 105,546 | $24.2M | Reduce -2.7% |
| UBER Uber Technologies Inc. | 0.50% | 250,236 | $23.3M | Add +1902.0% |
| NG Novagold Resources Inc. | 0.50% | 5,676,000 | $23.3M | Reduce -29.1% |
| OC Owens Corning | 0.49% | 166,957 | $23.0M | Add +3.2% |
| FCX Freeport-McMoran Inc. | 0.49% | 527,220 | $22.9M | Add +5.3% |
| VAL Valaris Ltd. | 0.48% | 535,942 | $22.6M | Add +48.5% |
| MDLZ Mondelez International Inc. Class A | 0.48% | 332,396 | $22.4M | Add +1.0% |
| CME Cme Group Inc. | 0.44% | 73,920 | $20.4M | Add +1.3% |
| MRNA Moderna Inc. | 0.43% | 733,686 | $20.2M | Add +38.5% |
| EOG EOG Resources Inc. | 0.41% | 162,121 | $19.4M | Reduce -7.0% |
| PARAA Paramount Global Class B | 0.41% | 1,500,000 | $19.4M | No change |
| PEP Pepsico Inc. | 0.39% | 139,633 | $18.4M | Reduce -43.1% |
| BSX Boston Scientific Corp. | 0.38% | 164,654 | $17.7M | Add +75.3% |
| BA The Boeing Co. | 0.36% | 81,278 | $17.0M | Add +83.6% |
| TMO Thermo Fisher Scientific Inc. | 0.34% | 39,704 | $16.1M | Reduce -49.1% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.34% | 218,360 | $16.1M | Reduce -45.2% |
| IVV iShares Core S&P 500 ETF | 0.33% | 25,070 | $15.6M | Reduce -5.5% |
| PANW Palo Alto Networks Inc. | 0.31% | 71,398 | $14.6M | Add +7.3% |
| PINS Pinterest Inc. Class A | 0.29% | 377,065 | $13.5M | New |
| DXCM Dexcom Inc. | 0.28% | 150,642 | $13.1M | Add +28.1% |
| ABT Abbott Laboratories | 0.27% | 91,495 | $12.4M | Reduce -15.5% |
| IVE iShares S&P 500 Value ETF | 0.26% | 62,390 | $12.2M | No change |
| NKE Nike Inc. Class B | 0.25% | 163,320 | $11.6M | Reduce -2.2% |
| ADBE Adobe Inc. | 0.24% | 28,445 | $11.0M | Add +25.4% |
| BKNG Booking Holdings Inc. | 0.23% | 1,876 | $10.9M | Add +2.8% |
| JCI Johnson Controls Internation | 0.23% | 99,944 | $10.6M | Add +2.0% |
| GLD SPDR Gold Shares | 0.21% | 31,899 | $9.7M | Reduce -1.6% |
| ICE Intercontinental Exchange Inc. | 0.20% | 51,581 | $9.5M | Reduce -2.4% |
| WDAY Workday Inc. Class A | 0.19% | 36,404 | $8.7M | Add +51.9% |
| EXAS Exact Sciences Corp. | 0.19% | 163,204 | $8.7M | Add +27.2% |
| OTIS Otis Worldwide Corp. | 0.17% | 78,242 | $7.7M | Add +13.3% |
| NFLX Netflix Inc. | 0.16% | 5,440 | $7.3M | Add +44.1% |
| SE Sea Ltd.-ADR | 0.14% | 42,089 | $6.7M | Add +29.9% |
| MELI MercadoLibre Inc. | 0.14% | 2,531 | $6.6M | Add +116.0% |
| MU Micron Technology Inc. | 0.13% | 49,127 | $6.1M | Add +16.8% |
| PH Parker Hannifin Corp. | 0.10% | 6,910 | $4.8M | Add +3.6% |
| ALC Alcon Inc. filed as ALCON AG | 0.10% | 53,698 | $4.7M | Add +674.2% |
| CI The Cigna Group | 0.10% | 14,309 | $4.7M | Add +11.0% |
| SNOW Snowflake Inc. | 0.08% | 16,150 | $3.6M | No change |
| HD Home Depot Inc. | 0.07% | 9,306 | $3.4M | Reduce -9.3% |
| ROL Rollins Inc. | 0.07% | 60,380 | $3.4M | Add +6.4% |
| HDB HDFC Bank Ltd.-ADR | 0.07% | 42,474 | $3.3M | Add +10.1% |
| TSLA Tesla Inc. | 0.07% | 10,176 | $3.2M | Reduce -15.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.06% | 24,385 | $3.0M | Reduce -12.3% |
| CNH CNH Industrial NV | 0.06% | 214,393 | $2.8M | Add +64.6% |
| GS Goldman Sachs Group Inc. | 0.05% | 3,562 | $2.5M | Add +151.7% |
| SW Smurfit Westrock PLC | 0.05% | 56,960 | $2.5M | Add +90.7% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.05% | 41,969 | $2.4M | Add +27.7% |
| DB Deutsche Bank AG-Registered | 0.05% | 75,066 | $2.2M | New |
| CVX Chevron Corp. | 0.05% | 15,387 | $2.2M | Reduce -48.1% |
| NVT Nvent Electric PLC | 0.05% | 29,662 | $2.2M | Add +153.3% |
| IBB iShares Biotechnology ETF | 0.04% | 16,280 | $2.1M | No change |
| CSCO Cisco Systems Inc. | 0.04% | 28,580 | $2.0M | No change |
| PTC PTC Inc. | 0.04% | 10,621 | $1.8M | Add +195.9% |
| USB US Bancorp | 0.04% | 40,112 | $1.8M | New |
| VERX Vertex Inc. Class A | 0.04% | 48,425 | $1.7M | Add +6.4% |
Portfolio Sells Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | Reduce -11.7% | 1.62% | −1.81 |
| TMO Thermo Fisher Scientific Inc. | Reduce -49.1% | 0.34% | −0.58 |
| V Visa Inc. Class A | Reduce -1.7% | 4.42% | −0.53 |
| PEP Pepsico Inc. | Reduce -43.1% | 0.39% | −0.48 |
| AME Ametek Inc. | Sold out | 0.00% | −0.44 |
| AON Aon PLC Class A | Reduce -92.8% | 0.03% | −0.43 |
| IFF Intl Flavors & Fragrances | Reduce -45.2% | 0.34% | −0.39 |
| ABBV Abbvie Inc. | Reduce -3.4% | 1.09% | −0.33 |
| BMY Bristol-Myers Squibb Co. | Reduce -87.2% | 0.03% | −0.31 |
| ORLY O'reilly Automotive Inc. | Reduce -10.1% | 0.94% | −0.29 |
| ZTS Zoetis Inc. | Reduce -1.3% | 1.31% | −0.25 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -9.0% | 0.73% | −0.25 |
| LYB Lyondellbasell Indu Class A | Reduce -85.1% | 0.03% | −0.24 |
| MCD McDonald's Corp. | Reduce -0.2% | 1.18% | −0.23 |
| MA Mastercard Inc. Class A | Reduce -19.8% | 0.61% | −0.22 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -22.7% | 0.68% | −0.21 |
| MCO Moody's Corp. | Reduce -21.8% | 0.59% | −0.19 |
| BAC Bank of America Corp. | Reduce -17.7% | 0.65% | −0.13 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -21.1% | 0.60% | −0.12 |
| EOG EOG Resources Inc. | Reduce -7.0% | 0.41% | −0.12 |
| WFC Wells Fargo & Co. | Reduce -6.4% | 1.42% | −0.10 |
| HON Honeywell International Inc. | Reduce -9.6% | 0.74% | −0.09 |
| GOOG Alphabet Inc. Class C | Reduce -6.6% | 1.66% | −0.09 |
| WM Waste Management Inc. | Reduce -2.7% | 0.52% | −0.08 |
| LIN Linde PLC | Reduce -0.8% | 0.71% | −0.08 |
| ABT Abbott Laboratories | Reduce -15.5% | 0.27% | −0.08 |
| CVX Chevron Corp. | Reduce -48.1% | 0.05% | −0.07 |
| NG Novagold Resources Inc. | Reduce -29.1% | 0.50% | −0.06 |
| SLB SLB Ltd. | Reduce -33.0% | 0.04% | −0.04 |
| IVV iShares Core S&P 500 ETF | Reduce -5.5% | 0.33% | −0.02 |
| ENPH Enphase Energy Inc. | Reduce -47.5% | 0.01% | −0.02 |
| HD Home Depot Inc. | Reduce -9.3% | 0.07% | −0.02 |
| TJX TJX Companies Inc. | Reduce -12.3% | 0.06% | −0.02 |
| ICE Intercontinental Exchange Inc. | Reduce -2.4% | 0.20% | −0.02 |
| GLD SPDR Gold Shares | Reduce -1.6% | 0.21% | −0.01 |
| MDT Medtronic PLC | Reduce -31.9% | 0.02% | −0.01 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.01 |
| RPRX Royalty Pharma PLC Class A | Reduce -37.5% | 0.02% | −0.01 |
| JNJ Johnson & Johnson | Reduce -9.1% | 0.03% | −0.01 |
| ACN Accenture PLC Class A | Reduce -43.0% | 0.01% | −0.01 |
| NOC Northrop Grumman Corp. | Sold out | 0.00% | −0.01 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -14.9% | 0.03% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -41.5% | 0.01% | −0.01 |
| BDX Becton Dickinson and Co. | Reduce -26.7% | 0.01% | −0.01 |
| AXP American Express Co. | Reduce -37.1% | 0.01% | −0.01 |
| KO The Coca-Cola Co. | Reduce -13.0% | 0.02% | −0.01 |
| SBUX Starbucks Corp. | Reduce -1.7% | 0.03% | −0.01 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.01 |
| TSLA Tesla Inc. | Reduce -15.6% | 0.07% | −0.01 |
| ADP Automatic Data Processing | Reduce -11.1% | 0.02% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +1.6% | 7.86% | +1.94 |
| MSFT Microsoft Corp. | Add +3.8% | 9.78% | +1.84 |
| PM Philip Morris International | Add +16373.7% | 1.19% | +1.18 |
| AMZN Amazon.com Inc. | Add +3.4% | 9.30% | +0.60 |
| UBER Uber Technologies Inc. | Add +1902.0% | 0.50% | +0.48 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.1% | 2.21% | +0.40 |
| PINS Pinterest Inc. Class A | New | 0.29% | +0.29 |
| SYK Stryker Corp. | Add +35.5% | 1.25% | +0.28 |
| BA The Boeing Co. | Add +83.6% | 0.36% | +0.18 |
| GOOGL Alphabet Inc. Class A | Add +0.9% | 5.82% | +0.17 |
| AMD Advanced Micro Devices | Add +5.3% | 0.69% | +0.16 |
| BSX Boston Scientific Corp. | Add +75.3% | 0.38% | +0.15 |
| DHR Danaher Corp. | Add +34.0% | 1.10% | +0.15 |
| VAL Valaris Ltd. | Add +48.5% | 0.48% | +0.14 |
| JPM JPMorgan Chase & Co. | Add +3.0% | 1.24% | +0.10 |
| DXCM Dexcom Inc. | Add +28.1% | 0.28% | +0.09 |
| MELI MercadoLibre Inc. | Add +116.0% | 0.14% | +0.09 |
| ALC Alcon Inc. | Add +674.2% | 0.10% | +0.09 |
| MRNA Moderna Inc. | Add +38.5% | 0.43% | +0.07 |
| NFLX Netflix Inc. | Add +44.1% | 0.16% | +0.07 |
| WDAY Workday Inc. Class A | Add +51.9% | 0.19% | +0.05 |
| EXAS Exact Sciences Corp. | Add +27.2% | 0.19% | +0.05 |
| DB Deutsche Bank AG-Registered | New | 0.05% | +0.05 |
| SE Sea Ltd.-ADR | Add +29.9% | 0.14% | +0.04 |
| MU Micron Technology Inc. | Add +16.8% | 0.13% | +0.04 |
| PANW Palo Alto Networks Inc. | Add +7.3% | 0.31% | +0.04 |
| DHI D.R. Horton Inc. | Add +14.6% | 1.01% | +0.04 |
| USB US Bancorp | New | 0.04% | +0.04 |
| JCI Johnson Controls Internation | Add +2.0% | 0.23% | +0.04 |
| FCX Freeport-McMoran Inc. | Add +5.3% | 0.49% | +0.04 |
| SPOT Spotify Technology SA | New | 0.04% | +0.04 |
| VZ Verizon Communications Inc. | New | 0.04% | +0.04 |
| GS Goldman Sachs Group Inc. | Add +151.7% | 0.05% | +0.04 |
| NVT Nvent Electric PLC | Add +153.3% | 0.05% | +0.03 |
| BKNG Booking Holdings Inc. | Add +2.8% | 0.23% | +0.03 |
| CF CF Industries Holdings Inc. | New | 0.03% | +0.03 |
| ADBE Adobe Inc. | Add +25.4% | 0.24% | +0.03 |
| CARR Carrier Global Corp. | New | 0.03% | +0.03 |
| PTC PTC Inc. | Add +195.9% | 0.04% | +0.03 |
| EW Edwards Lifesciences Corp. | Add +254.2% | 0.04% | +0.02 |
| AMRZ Amrize Ltd. | New | 0.02% | +0.02 |
| CNH CNH Industrial NV | Add +64.6% | 0.06% | +0.02 |
| SW Smurfit Westrock PLC | Add +90.7% | 0.05% | +0.02 |
| ALGN Align Technology Inc. | New | 0.02% | +0.02 |
| UBS UBS Group AG-Reg | Add +293.1% | 0.03% | +0.02 |
| P Everpure Inc. Class A | Add +27.7% | 0.05% | +0.02 |
| HDB HDFC Bank Ltd.-ADR | Add +10.1% | 0.07% | +0.01 |
| PYPL PayPal Holdings Inc. | New | 0.01% | +0.01 |
| ORCL Oracle Corp. | New | 0.01% | +0.01 |
| CMG Chipotle Mexican Grill Inc. | Add +0.2% | 1.79% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 204 | $5.1B | NVDA, GOOGL, AMZN, MSFT, V |
| Q1 2026 | 202 | $4.7B | NVDA, AMZN, GOOGL, MSFT, V |
| Q4 2025 | 194 | $5.0B | MSFT, AMZN, NVDA, GOOGL, V |
| Q3 2025 | 195 | $5.0B | MSFT, AMZN, NVDA, GOOGL, V |
| Q2 2025 | 197 | $4.7B | MSFT, AMZN, NVDA, GOOGL, V |
| Q1 2025 | 186 | $4.2B | AMZN, MSFT, NVDA, GOOGL, V |
| Q4 2024Amended | 166 | $4.6B | AMZN, MSFT, NVDA, GOOGL, V |
| Q3 2024 | 153 | $4.2B | MSFT, AMZN, NVDA, GOOGL, V |
| Q2 2024 | 153 | $4.1B | MSFT, AMZN, GOOGL, NVDA, V |
| Q1 2024 | 167 | $3.8B | AMZN, MSFT, GOOGL, NVDA, V |