Bank Pictet & Cie (Europe) AG
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 21, 2025), Bank Pictet & Cie (Europe) AG reported 195 stock positions worth $5.0 billion. Its top holding was Microsoft (MSFT) at 9.6% of the portfolio, followed by Amazon.com (AMZN, 8.8%) and Nvidia (NVDA, 8.7%). Compared with Q2 2025, it opened 10 new positions, sold out of 12, added to 71 and reduced 74. The biggest buy was a new position in Paramount Skydance Class B (PSKY) and the biggest sale Chipotle Mexican Grill (CMG, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- FRANKFURT AM MAIN, 2M
- CIK
- 0001123274
- Portfolio Value
- $5.0B (Q3 2025)
- SEC Filing
- 0001123274-25-000014 ↗ filed Oct 21, 2025
Holdings Value
Holdings 195 stocks · $5.0B
| MSFT Microsoft Corp. | 9.56% | 927,061 | $478.5M | Add +0.5% |
| AMZN Amazon.com Inc. | 8.80% | 2,006,929 | $440.7M | Add +1.3% |
| NVDA Nvidia Corp. | 8.75% | 2,347,224 | $437.9M | Add +0.9% |
| GOOGL Alphabet Inc. Class A | 7.34% | 1,511,084 | $367.3M | Reduce -2.2% |
| V Visa Inc. Class A | 3.97% | 582,462 | $198.8M | Add +0.0% |
| META Meta Platforms Inc. Class A | 3.15% | 214,528 | $157.5M | Add +5.0% |
| TSM Taiwan Semiconductor-SP ADR | 2.52% | 451,699 | $126.0M | Reduce -1.2% |
| COST Costco Wholesale Corp. | 2.17% | 117,254 | $108.5M | No change |
| GOOG Alphabet Inc. Class C | 2.16% | 444,662 | $108.3M | Add +1.7% |
| CTAS Cintas Corp. | 2.11% | 514,336 | $105.6M | No change |
| ABBV Abbvie Inc. | 1.79% | 387,122 | $89.6M | Add +40.9% |
| UNH Unitedhealth Group Inc. | 1.69% | 245,730 | $84.9M | Add +1.4% |
| ISRG Intuitive Surgical Inc. | 1.69% | 189,635 | $84.8M | Reduce -0.1% |
| AAPL Apple Inc. | 1.63% | 319,880 | $81.5M | Add +1.3% |
| ETN Eaton Corp. PLC | 1.38% | 183,979 | $68.9M | Add +4.5% |
| PG The Procter & Gamble Co. | 1.35% | 441,103 | $67.8M | Reduce -2.5% |
| WFC Wells Fargo & Co. | 1.35% | 808,565 | $67.8M | Reduce -2.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.34% | 89 | $67.1M | No change |
| JPM JPMorgan Chase & Co. | 1.26% | 200,297 | $63.2M | Add +0.3% |
| CMG Chipotle Mexican Grill Inc. | 1.17% | 1,491,156 | $58.4M | Reduce -0.0% |
| ZTS Zoetis Inc. | 1.16% | 398,610 | $58.3M | Add +1.5% |
| CRM Salesforce Inc. | 1.16% | 245,792 | $58.3M | Add +3.2% |
| DHR Danaher Corp. | 1.16% | 292,180 | $57.9M | Add +11.8% |
| IDXX Idexx Laboratories Inc. | 1.14% | 89,000 | $56.9M | No change |
| MCD McDonald's Corp. | 1.13% | 186,609 | $56.7M | Reduce -1.0% |
| MRSH Marsh & McLennan Cos | 1.12% | 278,615 | $56.1M | Add +26.5% |
| AVGO Broadcom Inc. | 1.11% | 169,177 | $55.8M | Add +1.1% |
| OC Owens Corning | 1.09% | 386,699 | $54.7M | Add +131.6% |
| SYK Stryker Corp. | 1.07% | 145,097 | $53.6M | Reduce -1.5% |
| LLY Eli Lilly & Co. | 1.04% | 68,195 | $52.0M | Reduce -1.9% |
| ORLY O'reilly Automotive Inc. | 1.01% | 469,479 | $50.6M | Reduce -3.3% |
| NG Novagold Resources Inc. | 1.00% | 5,676,000 | $50.2M | No change |
| PM Philip Morris International | 0.98% | 302,619 | $49.1M | Reduce -0.8% |
| PSKY Paramount Skydance Class B | 0.96% | 2,536,078 | $48.0M | New |
| AMD Advanced Micro Devices | 0.75% | 232,977 | $37.7M | Add +2.5% |
| SPGI S&P Global Inc. | 0.72% | 74,479 | $36.2M | No change |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.68% | 996,948 | $34.3M | Add +1937.4% |
| BA The Boeing Co. | 0.67% | 156,470 | $33.8M | Add +92.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.65% | 633,854 | $32.7M | Reduce -1.2% |
| UBER Uber Technologies Inc. | 0.64% | 327,855 | $32.1M | Add +31.0% |
| MA Mastercard Inc. Class A | 0.60% | 52,793 | $30.0M | Add +4.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.59% | 49,031 | $29.3M | Reduce -4.4% |
| MRK Merck & Co. Inc. | 0.59% | 349,292 | $29.3M | Reduce -36.4% |
| LIN Linde PLC | 0.58% | 60,776 | $28.9M | Reduce -14.2% |
| DHI D.R. Horton Inc. | 0.53% | 157,557 | $26.7M | Reduce -57.0% |
| MCO Moody's Corp. | 0.49% | 51,960 | $24.8M | Reduce -5.5% |
| WM Waste Management Inc. | 0.48% | 109,803 | $24.2M | Add +4.0% |
| TXN Texas Instruments Inc. | 0.45% | 121,680 | $22.4M | Add +4.2% |
| MDLZ Mondelez International Inc. Class A | 0.42% | 338,979 | $21.2M | Add +2.0% |
| CME Cme Group Inc. | 0.39% | 72,810 | $19.7M | Reduce -1.5% |
| FCX Freeport-McMoran Inc. | 0.39% | 498,811 | $19.6M | Reduce -5.4% |
| RRC Range Resources Corp. | 0.39% | 519,000 | $19.5M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.37% | 27,999 | $18.7M | Reduce -45.3% |
| AUR Aurora Innovation Inc. | 0.37% | 3,400,000 | $18.3M | New |
| ESLT Elbit Systems Ltd. | 0.36% | 35,530 | $18.1M | New |
| EOG EOG Resources Inc. | 0.36% | 159,560 | $17.9M | Reduce -1.6% |
| TMO Thermo Fisher Scientific Inc. | 0.35% | 36,194 | $17.6M | Reduce -8.8% |
| IVV iShares Core S&P 500 ETF | 0.34% | 25,070 | $16.8M | No change |
| PANW Palo Alto Networks Inc. | 0.34% | 82,397 | $16.8M | Add +15.4% |
| BSX Boston Scientific Corp. | 0.31% | 157,936 | $15.4M | Reduce -4.1% |
| GLD SPDR Gold Shares | 0.29% | 40,482 | $14.3M | Add +26.9% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.27% | 218,360 | $13.4M | No change |
| IVE iShares S&P 500 Value ETF | 0.26% | 62,390 | $12.9M | No change |
| HON Honeywell International Inc. | 0.25% | 59,302 | $12.5M | Reduce -60.1% |
| PINS Pinterest Inc. Class A | 0.25% | 382,170 | $12.3M | Add +1.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.24% | 24,390 | $12.3M | Reduce -65.5% |
| DXCM Dexcom Inc. | 0.20% | 151,006 | $10.2M | Add +0.2% |
| ABT Abbott Laboratories | 0.20% | 73,290 | $9.8M | Reduce -19.9% |
| PEP Pepsico Inc. | 0.19% | 67,101 | $9.4M | Reduce -51.9% |
| MU Micron Technology Inc. | 0.18% | 55,255 | $9.2M | Add +12.5% |
| ADBE Adobe Inc. | 0.18% | 26,019 | $9.2M | Reduce -8.5% |
| MSCI MSCI Inc. | 0.18% | 15,665 | $8.9M | New |
| EXAS Exact Sciences Corp. | 0.18% | 161,677 | $8.8M | Reduce -0.9% |
| NFLX Netflix Inc. | 0.17% | 7,019 | $8.4M | Add +29.0% |
| MRNA Moderna Inc. | 0.17% | 324,665 | $8.4M | Reduce -55.8% |
| SE Sea Ltd.-ADR | 0.16% | 44,853 | $8.1M | Add +6.6% |
| BKNG Booking Holdings Inc. | 0.16% | 1,475 | $8.0M | Reduce -21.4% |
| RXRX Recursion Pharmaceuticals-A | 0.16% | 1,630,000 | $8.0M | New |
| ICE Intercontinental Exchange Inc. | 0.15% | 43,539 | $7.3M | Reduce -15.6% |
| MELI MercadoLibre Inc. | 0.14% | 2,978 | $7.0M | Add +17.7% |
| JCI Johnson Controls Internation | 0.12% | 52,749 | $5.8M | Reduce -47.2% |
| WDAY Workday Inc. Class A | 0.11% | 23,693 | $5.7M | Reduce -34.9% |
| ALC Alcon Inc. filed as ALCON AG | 0.10% | 70,330 | $5.2M | Add +31.0% |
| PH Parker Hannifin Corp. | 0.10% | 6,666 | $5.1M | Reduce -3.5% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.08% | 49,718 | $4.2M | Add +18.5% |
| HD Home Depot Inc. | 0.08% | 9,306 | $3.8M | No change |
| SNOW Snowflake Inc. | 0.07% | 16,150 | $3.6M | No change |
| ROL Rollins Inc. | 0.07% | 60,380 | $3.5M | No change |
| UBS UBS Group AG-Reg | 0.07% | 86,115 | $3.5M | Add +144.8% |
| TSLA Tesla Inc. | 0.07% | 7,800 | $3.5M | Reduce -23.4% |
| CI The Cigna Group | 0.07% | 11,567 | $3.3M | Reduce -19.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.06% | 22,016 | $3.2M | Reduce -9.7% |
| GS Goldman Sachs Group Inc. | 0.06% | 3,656 | $2.9M | Add +2.6% |
| NVT Nvent Electric PLC | 0.06% | 29,378 | $2.9M | Reduce -1.0% |
| HDB HDFC Bank Ltd.-ADR | 0.06% | 82,230 | $2.8M | Reduce -3.2% |
| SW Smurfit Westrock PLC | 0.06% | 65,849 | $2.8M | Add +15.6% |
| DB Deutsche Bank AG-Registered | 0.05% | 75,066 | $2.6M | No change |
| IBB iShares Biotechnology ETF | 0.05% | 16,280 | $2.4M | No change |
| CVX Chevron Corp. | 0.04% | 14,242 | $2.2M | Reduce -7.4% |
| PTC PTC Inc. | 0.04% | 10,388 | $2.1M | Reduce -2.2% |
Options reported separately and not counted above: DB puts ($387K), ALC puts ($149K), ABBV puts ($139K), AMZN puts ($88K).
Portfolio Sells Q2 2025 → Q3 2025
| CMG Chipotle Mexican Grill Inc. | Reduce -0.0% | 1.17% | −0.62 |
| ISRG Intuitive Surgical Inc. | Reduce -0.1% | 1.69% | −0.51 |
| HON Honeywell International Inc. | Reduce -60.1% | 0.25% | −0.49 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -65.5% | 0.24% | −0.49 |
| VAL Valaris Ltd. | Sold out | 0.00% | −0.48 |
| DHI D.R. Horton Inc. | Reduce -57.0% | 0.53% | −0.48 |
| PARAA Paramount Global Class B | Sold out | 0.00% | −0.41 |
| MRK Merck & Co. Inc. | Reduce -36.4% | 0.59% | −0.34 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -45.3% | 0.37% | −0.30 |
| MRNA Moderna Inc. | Reduce -55.8% | 0.17% | −0.27 |
| NKE Nike Inc. Class B | Reduce -95.4% | 0.01% | −0.24 |
| PM Philip Morris International | Reduce -0.8% | 0.98% | −0.21 |
| PEP Pepsico Inc. | Reduce -51.9% | 0.19% | −0.21 |
| PG The Procter & Gamble Co. | Reduce -2.5% | 1.35% | −0.19 |
| SYK Stryker Corp. | Reduce -1.5% | 1.07% | −0.18 |
| OTIS Otis Worldwide Corp. | Reduce -80.6% | 0.03% | −0.14 |
| LIN Linde PLC | Reduce -14.2% | 0.58% | −0.13 |
| LLY Eli Lilly & Co. | Reduce -1.9% | 1.04% | −0.12 |
| JCI Johnson Controls Internation | Reduce -47.2% | 0.12% | −0.11 |
| FCX Freeport-McMoran Inc. | Reduce -5.4% | 0.39% | −0.10 |
| MCO Moody's Corp. | Reduce -5.5% | 0.49% | −0.10 |
| BKNG Booking Holdings Inc. | Reduce -21.4% | 0.16% | −0.07 |
| WDAY Workday Inc. Class A | Reduce -34.9% | 0.11% | −0.07 |
| BSX Boston Scientific Corp. | Reduce -4.1% | 0.31% | −0.07 |
| ABT Abbott Laboratories | Reduce -19.9% | 0.20% | −0.07 |
| WFC Wells Fargo & Co. | Reduce -2.1% | 1.35% | −0.06 |
| EOG EOG Resources Inc. | Reduce -1.6% | 0.36% | −0.06 |
| ICE Intercontinental Exchange Inc. | Reduce -15.6% | 0.15% | −0.06 |
| ADBE Adobe Inc. | Reduce -8.5% | 0.18% | −0.05 |
| MCD McDonald's Corp. | Reduce -1.0% | 1.13% | −0.05 |
| CME Cme Group Inc. | Reduce -1.5% | 0.39% | −0.04 |
| CNH CNH Industrial NV | Reduce -53.8% | 0.02% | −0.04 |
| CI The Cigna Group | Reduce -19.2% | 0.07% | −0.03 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.03 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -4.4% | 0.59% | −0.02 |
| HDB HDFC Bank Ltd.-ADR | Reduce -3.2% | 0.06% | −0.01 |
| ABNB Airbnb Inc. Class A | Reduce -52.4% | 0.01% | −0.01 |
| NEOG Neogen Corp. | Sold out | 0.00% | −0.01 |
| LYB Lyondellbasell Indu Class A | Reduce -17.0% | 0.02% | −0.01 |
| ENPH Enphase Energy Inc. | Sold out | 0.00% | −0.01 |
| EXAS Exact Sciences Corp. | Reduce -0.9% | 0.18% | −0.01 |
| DIS The Walt Disney Co. | Reduce -28.3% | 0.01% | −0.01 |
| UNP Union Pacific Corp. | Reduce -25.4% | 0.02% | −0.01 |
| ECL Ecolab Inc. | Reduce -23.3% | 0.02% | −0.01 |
| INTU Intuit Inc. | Reduce -3.2% | 0.02% | −0.01 |
| DLTR Dollar Tree Inc. | Sold out | 0.00% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -6.8% | 0.04% | −0.01 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -2.7% | 0.02% | −0.01 |
| PGR Progressive Corp. | Sold out | 0.00% | −0.01 |
| EW Edwards Lifesciences Corp. | Reduce -8.6% | 0.03% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| PSKY Paramount Skydance Class B | New | 0.96% | +0.96 |
| NVDA Nvidia Corp. | Add +0.9% | 8.75% | +0.89 |
| ABBV Abbvie Inc. | Add +40.9% | 1.79% | +0.70 |
| SLB SLB Ltd. | Add +1937.4% | 0.68% | +0.65 |
| OC Owens Corning | Add +131.6% | 1.09% | +0.60 |
| GOOG Alphabet Inc. Class C | Add +1.7% | 2.16% | +0.50 |
| RRC Range Resources Corp. | New | 0.39% | +0.39 |
| AUR Aurora Innovation Inc. | New | 0.37% | +0.37 |
| ESLT Elbit Systems Ltd. | New | 0.36% | +0.36 |
| BA The Boeing Co. | Add +92.5% | 0.67% | +0.31 |
| AAPL Apple Inc. | Add +1.3% | 1.63% | +0.24 |
| MSCI MSCI Inc. | New | 0.18% | +0.18 |
| RXRX Recursion Pharmaceuticals-A | New | 0.16% | +0.16 |
| UBER Uber Technologies Inc. | Add +31.0% | 0.64% | +0.14 |
| AVGO Broadcom Inc. | Add +1.1% | 1.11% | +0.13 |
| MRSH Marsh & McLennan Cos | Add +26.5% | 1.12% | +0.09 |
| GLD SPDR Gold Shares | Add +26.9% | 0.29% | +0.08 |
| UNH Unitedhealth Group Inc. | Add +1.4% | 1.69% | +0.08 |
| AMD Advanced Micro Devices | Add +2.5% | 0.75% | +0.06 |
| MU Micron Technology Inc. | Add +12.5% | 0.18% | +0.06 |
| DHR Danaher Corp. | Add +11.8% | 1.16% | +0.05 |
| UBS UBS Group AG-Reg | Add +144.8% | 0.07% | +0.04 |
| P Everpure Inc. Class A | Add +18.5% | 0.08% | +0.03 |
| ETN Eaton Corp. PLC | Add +4.5% | 1.38% | +0.03 |
| GILD Gilead Sciences Inc. | Add +502.8% | 0.03% | +0.03 |
| BND Vanguard Total Bond Market | New | 0.02% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +0.3% | 1.26% | +0.02 |
| PANW Palo Alto Networks Inc. | Add +15.4% | 0.34% | +0.02 |
| CQQQ Invesco China Technology ETF | Add +138.0% | 0.03% | +0.02 |
| GRAB Grab Holdings Ltd. Class A | New | 0.02% | +0.02 |
| SE Sea Ltd.-ADR | Add +6.6% | 0.16% | +0.02 |
| INFY Infosys Ltd.-SP ADR | Add +214.8% | 0.03% | +0.02 |
| NFLX Netflix Inc. | Add +29.0% | 0.17% | +0.01 |
| YUMC Yum China Holdings Inc. | Add +69.7% | 0.04% | +0.01 |
| MRVL Marvell Technology Inc. | New | 0.01% | +0.01 |
| SDY SS SPDR S&P Dividend ETF | New | 0.01% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +2.6% | 0.06% | +0.00 |
| JNJ Johnson & Johnson | Add +0.4% | 0.03% | +0.00 |
| SW Smurfit Westrock PLC | Add +15.6% | 0.06% | +0.00 |
| ALC Alcon Inc. | Add +31.0% | 0.10% | +0.00 |
| MDT Medtronic PLC | Add +15.8% | 0.02% | +0.00 |
| ETSY Etsy Inc. | Add +1.4% | 0.01% | +0.00 |
| WH Wyndham Hotels & Resorts Inc. | Add +31.6% | 0.01% | +0.00 |
| PKG Packaging Corp. of America | Add +1.4% | 0.01% | +0.00 |
| LOW Lowe's Cos Inc. | Add +1.3% | 0.01% | +0.00 |
| TGT Target Corp. | Add +28.3% | 0.01% | +0.00 |
| AMAT Applied Materials Inc. | Add +1.4% | 0.01% | +0.00 |
| BIIB Biogen Inc. | Add +1.4% | 0.01% | +0.00 |
| NVR NVR Inc. | Add +2.0% | 0.01% | +0.00 |
| EXPD Expeditors Intl Wash Inc. | Add +1.4% | 0.01% | +0.00 |
Options Activity Q2 2025 → Q3 2025
| DB Deutsche Bank AG-Registered | put | New | 11,000 | $387K |
| ALC Alcon Inc. | put | New | 2,000 | $149K |
| ABBV Abbvie Inc. | put | New | 600 | $139K |
| AMZN Amazon.com Inc. | put | New | 400 | $88K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
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 |