Bank Pictet & Cie (Europe) AG
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 16, 2026), Bank Pictet & Cie (Europe) AG reported 194 stock positions worth $5.0 billion. Its top holding was Microsoft (MSFT) at 8.7% of the portfolio, followed by Amazon.com (AMZN, 8.4%) and Nvidia (NVDA, 8.4%). Compared with Q3 2025, it opened 14 new positions, sold out of 15, added to 77 and reduced 69. The biggest buy was Apple (AAPL, shares +76%) and the biggest sale Procter & Gamble (PG, shares −82%).
- Most Recent 13F
- Q2 2026
- Location
- FRANKFURT AM MAIN, 2M
- CIK
- 0001123274
- Portfolio Value
- $5.0B (Q4 2025)
- SEC Filing
- 0001123274-26-000002 ↗ filed Jan 16, 2026
Holdings Value
Holdings 194 stocks · $5.0B
| MSFT Microsoft Corp. | 8.74% | 908,422 | $437.6M | Reduce -2.0% |
| AMZN Amazon.com Inc. | 8.44% | 1,832,063 | $422.9M | Reduce -8.7% |
| NVDA Nvidia Corp. | 8.37% | 2,246,789 | $419.0M | Reduce -4.3% |
| GOOGL Alphabet Inc. Class A | 8.03% | 1,284,383 | $402.0M | Reduce -15.0% |
| V Visa Inc. Class A | 4.00% | 571,404 | $200.4M | Reduce -1.9% |
| AAPL Apple Inc. | 3.06% | 563,229 | $153.1M | Add +76.1% |
| META Meta Platforms Inc. Class A | 2.62% | 198,807 | $131.2M | Reduce -7.3% |
| ISRG Intuitive Surgical Inc. | 2.16% | 191,323 | $108.4M | Add +0.9% |
| GOOG Alphabet Inc. Class C | 2.05% | 327,612 | $102.8M | Reduce -26.3% |
| COST Costco Wholesale Corp. | 2.02% | 117,254 | $101.1M | No change |
| CTAS Cintas Corp. | 1.93% | 514,336 | $96.7M | No change |
| ABBV Abbvie Inc. | 1.92% | 421,003 | $96.2M | Add +8.8% |
| AVGO Broadcom Inc. | 1.91% | 275,998 | $95.5M | Add +63.1% |
| TSM Taiwan Semiconductor-SP ADR | 1.81% | 297,971 | $90.5M | Reduce -34.0% |
| DHR Danaher Corp. | 1.68% | 366,481 | $83.9M | Add +25.4% |
| WFC Wells Fargo & Co. | 1.41% | 760,106 | $70.8M | Reduce -6.0% |
| UNH Unitedhealth Group Inc. | 1.37% | 208,306 | $68.8M | Reduce -15.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.34% | 89 | $67.2M | No change |
| JPM JPMorgan Chase & Co. | 1.31% | 203,086 | $65.4M | Add +1.4% |
| LLY Eli Lilly & Co. | 1.28% | 59,872 | $64.3M | Reduce -12.2% |
| IDXX Idexx Laboratories Inc. | 1.20% | 89,000 | $60.2M | No change |
| SLB SLB Ltd. filed as SLB LIMITED | 1.17% | 1,526,880 | $58.6M | Add +53.2% |
| ETN Eaton Corp. PLC | 1.12% | 176,444 | $56.2M | Reduce -4.1% |
| CRM Salesforce Inc. | 1.11% | 209,546 | $55.5M | Reduce -14.8% |
| SYK Stryker Corp. | 1.10% | 157,040 | $55.2M | Add +8.2% |
| NG Novagold Resources Inc. | 1.06% | 5,676,000 | $53.0M | No change |
| ORLY O'reilly Automotive Inc. | 0.99% | 546,039 | $49.8M | Add +16.3% |
| MCD McDonald's Corp. | 0.98% | 160,712 | $49.1M | Reduce -13.9% |
| PM Philip Morris International | 0.97% | 301,300 | $48.3M | Reduce -0.4% |
| TTE Totalenergies SE | 0.94% | 722,744 | $47.2M | New |
| LIN Linde PLC | 0.93% | 108,887 | $46.4M | Add +79.2% |
| ZTS Zoetis Inc. | 0.93% | 368,410 | $46.4M | Reduce -7.6% |
| MRSH Marsh & McLennan Cos | 0.84% | 227,777 | $42.3M | Reduce -18.3% |
| AMD Advanced Micro Devices | 0.82% | 192,163 | $41.2M | Reduce -17.5% |
| SPGI S&P Global Inc. | 0.78% | 74,709 | $39.0M | Add +0.3% |
| OC Owens Corning | 0.77% | 343,412 | $38.4M | Reduce -11.2% |
| RRC Range Resources Corp. | 0.73% | 1,038,000 | $36.6M | Add +100.0% |
| CMG Chipotle Mexican Grill Inc. | 0.71% | 956,152 | $35.4M | Reduce -35.9% |
| PSKY Paramount Skydance Class B | 0.68% | 2,536,078 | $34.0M | No change |
| BA The Boeing Co. | 0.68% | 156,470 | $34.0M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.59% | 540,007 | $29.7M | Reduce -14.8% |
| MRK Merck & Co. Inc. | 0.53% | 254,135 | $26.8M | Reduce -27.2% |
| UBER Uber Technologies Inc. | 0.53% | 324,071 | $26.5M | Reduce -1.1% |
| MA Mastercard Inc. Class A | 0.49% | 43,124 | $24.6M | Reduce -18.3% |
| FCX Freeport-McMoran Inc. | 0.47% | 466,140 | $23.7M | Reduce -6.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.46% | 37,941 | $23.2M | Reduce -22.6% |
| BKNG Booking Holdings Inc. | 0.44% | 4,148 | $22.2M | Add +181.2% |
| MCO Moody's Corp. | 0.43% | 42,482 | $21.7M | Reduce -18.2% |
| ESLT Elbit Systems Ltd. | 0.41% | 35,530 | $20.5M | No change |
| TMO Thermo Fisher Scientific Inc. | 0.40% | 34,813 | $20.2M | Reduce -3.8% |
| WM Waste Management Inc. | 0.38% | 86,770 | $19.1M | Reduce -21.0% |
| GILD Gilead Sciences Inc. | 0.37% | 151,893 | $18.6M | Add +893.5% |
| GLD SPDR Gold Shares | 0.35% | 44,730 | $17.7M | Add +10.5% |
| DHI D.R. Horton Inc. | 0.35% | 120,819 | $17.4M | Reduce -23.3% |
| TRGP Targa Resources Corp. | 0.35% | 93,860 | $17.3M | New |
| CME Cme Group Inc. | 0.34% | 63,051 | $17.2M | Reduce -13.4% |
| IVV iShares Core S&P 500 ETF | 0.34% | 25,070 | $17.2M | No change |
| MDLZ Mondelez International Inc. Class A | 0.33% | 311,374 | $16.8M | Reduce -8.1% |
| PANW Palo Alto Networks Inc. | 0.33% | 90,048 | $16.6M | Add +9.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.32% | 23,782 | $16.2M | Reduce -15.1% |
| MSCI MSCI Inc. | 0.31% | 26,665 | $15.3M | Add +70.2% |
| TXN Texas Instruments Inc. | 0.30% | 86,137 | $14.9M | Reduce -29.2% |
| EXAS Exact Sciences Corp. | 0.30% | 146,813 | $14.9M | Reduce -9.2% |
| BSX Boston Scientific Corp. | 0.29% | 154,519 | $14.7M | Reduce -2.2% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.29% | 218,360 | $14.7M | No change |
| IVE iShares S&P 500 Value ETF | 0.27% | 62,947 | $13.3M | Add +0.9% |
| AUR Aurora Innovation Inc. | 0.26% | 3,400,000 | $13.1M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.25% | 24,833 | $12.5M | Add +1.8% |
| PG The Procter & Gamble Co. | 0.23% | 81,587 | $11.7M | Reduce -81.5% |
| HON Honeywell International Inc. | 0.23% | 58,000 | $11.3M | Reduce -2.2% |
| ADBE Adobe Inc. | 0.22% | 31,031 | $10.9M | Add +19.3% |
| MU Micron Technology Inc. | 0.21% | 37,455 | $10.7M | Reduce -32.2% |
| NFLX Netflix Inc. | 0.19% | 103,202 | $9.7M | Add +47.0% |
| MRNA Moderna Inc. | 0.19% | 324,665 | $9.6M | No change |
| DXCM Dexcom Inc. | 0.19% | 142,832 | $9.5M | Reduce -5.4% |
| MELI MercadoLibre Inc. | 0.18% | 4,386 | $8.8M | Add +47.3% |
| PEP Pepsico Inc. | 0.18% | 61,508 | $8.8M | Reduce -8.3% |
| PINS Pinterest Inc. Class A | 0.16% | 316,734 | $8.2M | Reduce -17.1% |
| WDAY Workday Inc. Class A | 0.16% | 36,547 | $7.8M | Add +54.3% |
| SE Sea Ltd.-ADR | 0.15% | 58,914 | $7.5M | Add +31.4% |
| ABT Abbott Laboratories | 0.15% | 59,994 | $7.5M | Reduce -18.1% |
| JCI Johnson Controls Internation | 0.12% | 51,814 | $6.2M | Reduce -1.8% |
| ALC Alcon Inc. filed as ALCON AG | 0.12% | 75,596 | $6.0M | Add +7.5% |
| ICE Intercontinental Exchange Inc. | 0.12% | 35,962 | $5.8M | Reduce -17.4% |
| PH Parker Hannifin Corp. | 0.11% | 6,247 | $5.5M | Reduce -6.3% |
| UBS UBS Group AG-Reg | 0.09% | 96,114 | $4.5M | Add +11.6% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.09% | 63,978 | $4.3M | Add +28.7% |
| HDB HDFC Bank Ltd.-ADR | 0.07% | 99,607 | $3.6M | Add +21.1% |
| SNOW Snowflake Inc. | 0.07% | 16,150 | $3.5M | No change |
| GS Goldman Sachs Group Inc. | 0.07% | 3,994 | $3.5M | Add +9.3% |
| HD Home Depot Inc. | 0.07% | 9,975 | $3.4M | Add +7.2% |
| TSLA Tesla Inc. | 0.06% | 7,000 | $3.1M | Reduce -10.3% |
| PICK iShares MSCI Global Metals & | 0.06% | 60,533 | $3.1M | New |
| DB Deutsche Bank AG-Registered | 0.06% | 79,202 | $3.1M | Add +5.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.06% | 19,736 | $3.0M | Reduce -10.4% |
| CI The Cigna Group | 0.06% | 10,815 | $3.0M | Reduce -6.5% |
| SW Smurfit Westrock PLC | 0.06% | 76,271 | $2.9M | Add +15.8% |
| NVT Nvent Electric PLC | 0.06% | 28,112 | $2.9M | Reduce -4.3% |
| IBB iShares Biotechnology ETF | 0.05% | 16,280 | $2.7M | No change |
| ASX Ase Technology Holding -ADR | 0.05% | 165,464 | $2.7M | Add +31.4% |
Options reported separately and not counted above: GOOG puts ($1.0M), DB puts ($428K), ABBV puts ($343K), ALC puts ($319K), AMZN puts ($254K).
Portfolio Sells Q3 2025 → Q4 2025
| PG The Procter & Gamble Co. | Reduce -81.5% | 0.23% | −1.12 |
| MSFT Microsoft Corp. | Reduce -2.0% | 8.74% | −0.82 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -34.0% | 1.81% | −0.71 |
| META Meta Platforms Inc. Class A | Reduce -7.3% | 2.62% | −0.53 |
| CMG Chipotle Mexican Grill Inc. | Reduce -35.9% | 0.71% | −0.46 |
| NVDA Nvidia Corp. | Reduce -4.3% | 8.37% | −0.38 |
| AMZN Amazon.com Inc. | Reduce -8.7% | 8.44% | −0.36 |
| EOG EOG Resources Inc. | Reduce -97.9% | 0.01% | −0.35 |
| OC Owens Corning | Reduce -11.2% | 0.77% | −0.33 |
| UNH Unitedhealth Group Inc. | Reduce -15.2% | 1.37% | −0.32 |
| MRSH Marsh & McLennan Cos | Reduce -18.3% | 0.84% | −0.28 |
| ETN Eaton Corp. PLC | Reduce -4.1% | 1.12% | −0.25 |
| ZTS Zoetis Inc. | Reduce -7.6% | 0.93% | −0.24 |
| DHI D.R. Horton Inc. | Reduce -23.3% | 0.35% | −0.19 |
| RXRX Recursion Pharmaceuticals-A | Sold out | 0.00% | −0.16 |
| MCD McDonald's Corp. | Reduce -13.9% | 0.98% | −0.15 |
| TXN Texas Instruments Inc. | Reduce -29.2% | 0.30% | −0.15 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -22.6% | 0.46% | −0.12 |
| UBER Uber Technologies Inc. | Reduce -1.1% | 0.53% | −0.11 |
| GOOG Alphabet Inc. Class C | Reduce -26.3% | 2.05% | −0.11 |
| MA Mastercard Inc. Class A | Reduce -18.3% | 0.49% | −0.11 |
| WM Waste Management Inc. | Reduce -21.0% | 0.38% | −0.10 |
| MDLZ Mondelez International Inc. Class A | Reduce -8.1% | 0.33% | −0.09 |
| PINS Pinterest Inc. Class A | Reduce -17.1% | 0.16% | −0.08 |
| MCO Moody's Corp. | Reduce -18.2% | 0.43% | −0.06 |
| BAC Bank of America Corp. | Reduce -14.8% | 0.59% | −0.06 |
| CRM Salesforce Inc. | Reduce -14.8% | 1.11% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -27.2% | 0.53% | −0.05 |
| CME Cme Group Inc. | Reduce -13.4% | 0.34% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -15.1% | 0.32% | −0.05 |
| ABT Abbott Laboratories | Reduce -18.1% | 0.15% | −0.05 |
| ROL Rollins Inc. | Reduce -58.5% | 0.03% | −0.04 |
| ICE Intercontinental Exchange Inc. | Reduce -17.4% | 0.12% | −0.03 |
| BND Vanguard Total Bond Market | Sold out | 0.00% | −0.02 |
| HON Honeywell International Inc. | Reduce -2.2% | 0.23% | −0.02 |
| CNH CNH Industrial NV | Sold out | 0.00% | −0.02 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.02 |
| PM Philip Morris International | Reduce -0.4% | 0.97% | −0.02 |
| BSX Boston Scientific Corp. | Reduce -2.2% | 0.29% | −0.01 |
| DXCM Dexcom Inc. | Reduce -5.4% | 0.19% | −0.01 |
| PEP Pepsico Inc. | Reduce -8.3% | 0.18% | −0.01 |
| VERX Vertex Inc. Class A | Reduce -35.3% | 0.01% | −0.01 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.01 |
| CQQQ Invesco China Technology ETF | Reduce -25.8% | 0.02% | −0.01 |
| IAT iShares US Regional Banks Et | Sold out | 0.00% | −0.01 |
| ANET Arista Networks Inc. | Reduce -25.3% | 0.02% | −0.01 |
| EXPD Expeditors Intl Wash Inc. | Sold out | 0.00% | −0.01 |
| MAR Marriott International Class A | Sold out | 0.00% | −0.01 |
| PTC PTC Inc. | Reduce -5.0% | 0.03% | −0.01 |
| WH Wyndham Hotels & Resorts Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| AAPL Apple Inc. | Add +76.1% | 3.06% | +1.43 |
| TTE Totalenergies SE | New | 0.94% | +0.94 |
| AVGO Broadcom Inc. | Add +63.1% | 1.91% | +0.79 |
| DHR Danaher Corp. | Add +25.4% | 1.68% | +0.52 |
| SLB SLB Ltd. | Add +53.2% | 1.17% | +0.49 |
| ISRG Intuitive Surgical Inc. | Add +0.9% | 2.16% | +0.47 |
| LIN Linde PLC | Add +79.2% | 0.93% | +0.35 |
| TRGP Targa Resources Corp. | New | 0.35% | +0.35 |
| RRC Range Resources Corp. | Add +100.0% | 0.73% | +0.34 |
| GILD Gilead Sciences Inc. | Add +893.5% | 0.37% | +0.34 |
| BKNG Booking Holdings Inc. | Add +181.2% | 0.44% | +0.28 |
| ABBV Abbvie Inc. | Add +8.8% | 1.92% | +0.13 |
| MSCI MSCI Inc. | Add +70.2% | 0.31% | +0.13 |
| GLD SPDR Gold Shares | Add +10.5% | 0.35% | +0.07 |
| PICK iShares MSCI Global Metals & | New | 0.06% | +0.06 |
| SPGI S&P Global Inc. | Add +0.3% | 0.78% | +0.06 |
| JPM JPMorgan Chase & Co. | Add +1.4% | 1.31% | +0.04 |
| WDAY Workday Inc. Class A | Add +54.3% | 0.16% | +0.04 |
| MELI MercadoLibre Inc. | Add +47.3% | 0.18% | +0.04 |
| ADBE Adobe Inc. | Add +19.3% | 0.22% | +0.03 |
| XBI SS SPDR S&P Biotech ETF | New | 0.03% | +0.03 |
| SYK Stryker Corp. | Add +8.2% | 1.10% | +0.03 |
| ASX Ase Technology Holding -ADR | Add +31.4% | 0.05% | +0.03 |
| NFLX Netflix Inc. | Add +47.0% | 0.19% | +0.03 |
| KO The Coca-Cola Co. | Add +100.7% | 0.04% | +0.02 |
| UBS UBS Group AG-Reg | Add +11.6% | 0.09% | +0.02 |
| HDB HDFC Bank Ltd.-ADR | Add +21.1% | 0.07% | +0.02 |
| VGT Vanguard Info Tech ETF | New | 0.02% | +0.02 |
| ALC Alcon Inc. | Add +7.5% | 0.12% | +0.02 |
| RACE Ferrari NV | Add +134.7% | 0.03% | +0.01 |
| BMY Bristol-Myers Squibb Co. | New | 0.01% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +9.3% | 0.07% | +0.01 |
| INFY Infosys Ltd.-SP ADR | Add +30.6% | 0.04% | +0.01 |
| YUMC Yum China Holdings Inc. | Add +19.2% | 0.05% | +0.01 |
| ZM Zoom Communications Inc. | New | 0.01% | +0.01 |
| IVE iShares S&P 500 Value ETF | Add +0.9% | 0.27% | +0.01 |
| QCOM Qualcomm Inc. | New | 0.01% | +0.01 |
| DB Deutsche Bank AG-Registered | Add +5.5% | 0.06% | +0.01 |
| TMUS T-Mobile US Inc. | New | 0.01% | +0.01 |
| IBM Intl Business Machines Corp. | New | 0.01% | +0.01 |
| CVX Chevron Corp. | Add +19.5% | 0.05% | +0.01 |
| JNJ Johnson & Johnson | Add +9.3% | 0.04% | +0.01 |
| C Citigroup Inc. | New | 0.01% | +0.01 |
| EXPE Expedia Group Inc. | Add +1.6% | 0.03% | +0.01 |
| USB US Bancorp | Add +6.3% | 0.05% | +0.01 |
| WMT Walmart Inc. | Add +139.2% | 0.01% | +0.01 |
| CRH CRH PLC | New | 0.01% | +0.01 |
| ADP Automatic Data Processing | Add +48.1% | 0.02% | +0.01 |
| ACN Accenture PLC Class A | Add +56.1% | 0.01% | +0.01 |
| CSCO Cisco Systems Inc. | Add +2.1% | 0.04% | +0.01 |
Options Activity Q3 2025 → Q4 2025
| GOOG Alphabet Inc. Class C | put | New | 3,200 | $1.0M |
| ABBV Abbvie Inc. | put | Add +150.0% | 1,500 | $343K |
| ALC Alcon Inc. | put | Add +100.0% | 4,000 | $319K |
| AMZN Amazon.com Inc. | put | Add +175.0% | 1,100 | $254K |
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 |