Banque Cantonale Vaudoise
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Banque Cantonale Vaudoise reported 815 stock positions worth $2.7 billion. Its top holding was UBS Group AG-Reg (UBS) at 10.4% of the portfolio, followed by Nvidia (NVDA, 5.0%) and Apple (AAPL, 4.1%). Compared with Q2 2025, it opened 81 new positions, sold out of 56, added to 303 and reduced 294. The biggest buy was UBS Group AG-Reg (UBS, shares +1%) and the biggest sale Amazon.com (AMZN, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- LAUSANNE, V8
- CIK
- 0001793755
- Portfolio Value
- $2.7B (Q3 2025)
- SEC Filing
- 0001793755-25-000010 ↗ filed Nov 13, 2025
Holdings Value
Holdings 815 stocks · $2.7B
| UBS UBS Group AG-Reg | 10.36% | 6,760,992 | $276.2M | Add +0.9% |
| NVDA Nvidia Corp. | 4.96% | 709,072 | $132.3M | Reduce -4.0% |
| AAPL Apple Inc. | 4.10% | 429,119 | $109.3M | Reduce -0.3% |
| MSFT Microsoft Corp. | 4.04% | 208,061 | $107.8M | Reduce -0.3% |
| ALC Alcon Inc. filed as ALCON AG | 2.90% | 1,039,411 | $77.4M | Add +0.8% |
| AMZN Amazon.com Inc. | 2.53% | 307,408 | $67.5M | Reduce -0.7% |
| GOOGL Alphabet Inc. Class A | 2.50% | 274,198 | $66.7M | Reduce -1.0% |
| V Visa Inc. Class A | 1.81% | 141,677 | $48.4M | Add +1.7% |
| AVGO Broadcom Inc. | 1.64% | 132,829 | $43.8M | Reduce -2.0% |
| LOGI Logitech International-Reg | 1.46% | 356,926 | $38.9M | Reduce -0.4% |
| META Meta Platforms Inc. Class A | 1.25% | 45,288 | $33.3M | Add +6.6% |
| AMRZ Amrize Ltd. | 1.13% | 623,494 | $30.1M | New |
| QQQ Invesco QQQ Trust Series 1 | 1.09% | 48,622 | $29.2M | Add +11.4% |
| JPM JPMorgan Chase & Co. | 1.01% | 85,764 | $27.1M | Add +9.3% |
| MBB iShares MBS ETF | 0.90% | 251,000 | $23.9M | Add +2.9% |
| TSLA Tesla Inc. | 0.85% | 50,697 | $22.5M | Add +8.8% |
| GOOG Alphabet Inc. Class C | 0.84% | 92,442 | $22.5M | Add +1.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.76% | 391,133 | $20.2M | Reduce -0.8% |
| CSCO Cisco Systems Inc. | 0.73% | 285,029 | $19.5M | Add +3.3% |
| MA Mastercard Inc. Class A | 0.72% | 33,883 | $19.3M | Reduce -1.4% |
| PG The Procter & Gamble Co. | 0.69% | 119,347 | $18.3M | Add +5.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.66% | 62,304 | $17.6M | Add +0.4% |
| KO The Coca-Cola Co. | 0.66% | 264,825 | $17.6M | Add +0.1% |
| ABBV Abbvie Inc. | 0.65% | 75,303 | $17.4M | Reduce -1.7% |
| ORCL Oracle Corp. | 0.63% | 59,967 | $16.9M | Add +1.0% |
| LLY Eli Lilly & Co. | 0.60% | 21,043 | $16.1M | Add +3.6% |
| HD Home Depot Inc. | 0.59% | 38,708 | $15.7M | Reduce -6.6% |
| NFLX Netflix Inc. | 0.58% | 12,796 | $15.3M | Add +3.3% |
| CAT Caterpillar Inc. | 0.55% | 30,807 | $14.7M | Reduce -17.3% |
| JNJ Johnson & Johnson | 0.50% | 71,290 | $13.2M | Add +1.8% |
| MS Morgan Stanley | 0.49% | 82,066 | $13.0M | Reduce -11.1% |
| GS Goldman Sachs Group Inc. | 0.49% | 16,289 | $13.0M | Reduce -0.3% |
| WM Waste Management Inc. | 0.47% | 56,609 | $12.5M | Add +12.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.46% | 24,424 | $12.3M | Reduce -3.7% |
| ABT Abbott Laboratories | 0.45% | 90,599 | $12.1M | Reduce -4.1% |
| GE General Electric filed as GE AEROSPACE | 0.42% | 37,652 | $11.3M | Add +15.2% |
| WMT Walmart Inc. | 0.42% | 108,019 | $11.1M | Reduce -0.5% |
| AMD Advanced Micro Devices | 0.42% | 68,449 | $11.1M | Add +5.5% |
| PANW Palo Alto Networks Inc. | 0.41% | 53,789 | $11.0M | Add +10.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.40% | 16,134 | $10.7M | Reduce -3.1% |
| AMAT Applied Materials Inc. | 0.38% | 49,632 | $10.2M | Reduce -1.4% |
| CRM Salesforce Inc. | 0.37% | 41,605 | $9.9M | Reduce -10.1% |
| XOM Exxon Mobil Corp. | 0.37% | 87,072 | $9.8M | Add +5.5% |
| ZTS Zoetis Inc. | 0.36% | 65,806 | $9.6M | Reduce -1.6% |
| MRK Merck & Co. Inc. | 0.36% | 114,140 | $9.6M | Reduce -5.7% |
| NOW ServiceNow Inc. | 0.36% | 10,407 | $9.6M | Add +1.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.35% | 33,566 | $9.4M | Reduce -23.1% |
| LOW Lowe's Cos Inc. | 0.35% | 37,214 | $9.4M | Add +5.0% |
| GILD Gilead Sciences Inc. | 0.33% | 80,278 | $8.9M | Reduce -16.9% |
| MCD McDonald's Corp. | 0.33% | 29,217 | $8.9M | Reduce -1.0% |
| NEM Newmont Corp. | 0.33% | 104,384 | $8.8M | Add +21.8% |
| ADI Analog Devices Inc. | 0.33% | 35,770 | $8.8M | Reduce -7.9% |
| DE Deere & Co. | 0.32% | 18,847 | $8.6M | Add +22.6% |
| VZ Verizon Communications Inc. | 0.32% | 192,039 | $8.4M | Add +19.4% |
| UNP Union Pacific Corp. | 0.30% | 34,228 | $8.1M | Reduce -0.5% |
| TXN Texas Instruments Inc. | 0.30% | 43,886 | $8.1M | Reduce -0.8% |
| CVX Chevron Corp. | 0.30% | 51,808 | $8.0M | Reduce -0.7% |
| SYK Stryker Corp. | 0.29% | 20,935 | $7.7M | Reduce -2.3% |
| INTU Intuit Inc. | 0.28% | 11,105 | $7.6M | Add +2.1% |
| STX Seagate Technology Holdings | 0.28% | 32,125 | $7.6M | Add +37.8% |
| IWM iShares Russell 2000 ETF | 0.28% | 30,971 | $7.5M | Reduce -24.0% |
| AXP American Express Co. | 0.27% | 22,030 | $7.3M | Reduce -8.4% |
| ZS Zscaler Inc. | 0.27% | 24,339 | $7.3M | Add +31.4% |
| ANET Arista Networks Inc. | 0.27% | 49,872 | $7.3M | Add +22.5% |
| SPGI S&P Global Inc. | 0.27% | 14,684 | $7.1M | Reduce -6.4% |
| WELL Welltower Inc. | 0.27% | 39,888 | $7.1M | Add +1.4% |
| NET Cloudflare Inc. Class A | 0.27% | 33,110 | $7.1M | Reduce -13.6% |
| RYOJ Ryojbaba Co. Ltd. | 0.26% | 144,936 | $7.0M | New |
| LRCX Lam Research Corp. | 0.26% | 51,441 | $6.9M | Reduce -2.4% |
| BKNG Booking Holdings Inc. | 0.25% | 1,252 | $6.8M | Reduce -5.7% |
| ISRG Intuitive Surgical Inc. | 0.25% | 14,816 | $6.6M | Reduce -14.7% |
| MMM 3M Co. | 0.25% | 42,475 | $6.6M | Reduce -23.6% |
| AU Anglogold Ashanti PLC | 0.25% | 93,449 | $6.6M | Add +0.0% |
| ADBE Adobe Inc. | 0.25% | 18,607 | $6.6M | Reduce -6.4% |
| TT Trane Technologies PLC | 0.24% | 15,453 | $6.5M | Reduce -4.6% |
| QCOM Qualcomm Inc. | 0.24% | 38,861 | $6.5M | Add +43.6% |
| NEE Nextera Energy Inc. | 0.24% | 85,481 | $6.5M | Reduce -15.3% |
| T AT&T Inc. | 0.23% | 216,031 | $6.1M | Add +19.6% |
| INTC Intel Corp. | 0.23% | 180,915 | $6.1M | Add +0.8% |
| COST Costco Wholesale Corp. | 0.23% | 6,510 | $6.0M | Reduce -18.4% |
| WFC Wells Fargo & Co. | 0.22% | 70,246 | $5.9M | Add +0.2% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.22% | 132,000 | $5.8M | Reduce -32.6% |
| ECL Ecolab Inc. | 0.22% | 21,058 | $5.8M | Reduce -0.9% |
| BMY Bristol-Myers Squibb Co. | 0.22% | 127,772 | $5.8M | Add +26.0% |
| CMI Cummins Inc. | 0.21% | 13,510 | $5.7M | Add +9.7% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.21% | 52,346 | $5.7M | Reduce -32.5% |
| JCI Johnson Controls Internation | 0.21% | 51,423 | $5.7M | Add +47.3% |
| UNH Unitedhealth Group Inc. | 0.21% | 15,950 | $5.5M | Reduce -6.8% |
| SOXX iShares Semiconductor ETF | 0.21% | 20,197 | $5.5M | Add +58.0% |
| HON Honeywell International Inc. | 0.20% | 25,968 | $5.5M | Reduce -2.2% |
| NXPI NXP Semiconductors NV | 0.20% | 23,693 | $5.4M | Reduce -4.7% |
| LIN Linde PLC | 0.20% | 11,207 | $5.3M | Add +2.2% |
| C Citigroup Inc. | 0.20% | 52,239 | $5.3M | Reduce -29.8% |
| ETN Eaton Corp. PLC | 0.20% | 14,160 | $5.3M | Add +4.0% |
| ADP Automatic Data Processing | 0.20% | 17,821 | $5.2M | Reduce -4.6% |
| EW Edwards Lifesciences Corp. | 0.19% | 66,481 | $5.2M | Reduce -0.3% |
| GEV GE Vernova Inc. | 0.19% | 8,341 | $5.1M | Add +1.3% |
| MCO Moody's Corp. | 0.19% | 10,634 | $5.1M | Reduce -12.1% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.19% | 311,838 | $5.0M | Add +0.1% |
| MCK McKesson Corp. | 0.19% | 6,445 | $5.0M | Reduce -9.5% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $0 (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| DSX.WS Diana Shipping Inc.-28 | *W EXP 12/14/202 | 2,913 | $0 | No change |
Portfolio Sells Q2 2025 → Q3 2025
| AMZN Amazon.com Inc. | Reduce -0.7% | 2.53% | −0.24 |
| MSFT Microsoft Corp. | Reduce -0.3% | 4.04% | −0.19 |
| ACN Accenture PLC Class A | Reduce -34.6% | 0.17% | −0.17 |
| CRM Salesforce Inc. | Reduce -10.1% | 0.37% | −0.15 |
| CYBR Cyberark Software Ltd./Israel | Reduce -98.2% | 0.00% | −0.14 |
| ISRG Intuitive Surgical Inc. | Reduce -14.7% | 0.25% | −0.14 |
| QFIN Qfin Holdings Inc.-ADR | Reduce -51.5% | 0.05% | −0.13 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Reduce -32.6% | 0.22% | −0.12 |
| MCHP Microchip Technology Inc. | Reduce -98.9% | 0.00% | −0.12 |
| PGR Progressive Corp. | Reduce -39.7% | 0.12% | −0.11 |
| GILD Gilead Sciences Inc. | Reduce -16.9% | 0.33% | −0.10 |
| FTNT Fortinet Inc. | Reduce -16.4% | 0.16% | −0.10 |
| MMM 3M Co. | Reduce -23.6% | 0.25% | −0.10 |
| PFE Pfizer Inc. | Reduce -32.8% | 0.18% | −0.10 |
| COST Costco Wholesale Corp. | Reduce -18.4% | 0.23% | −0.10 |
| LPLA LPL Financial Holdings Inc. | Reduce -63.4% | 0.04% | −0.09 |
| NTES Netease Inc.-ADR | Reduce -77.3% | 0.03% | −0.08 |
| IP International Paper Co. | Reduce -42.1% | 0.09% | −0.08 |
| IWM iShares Russell 2000 ETF | Reduce -24.0% | 0.28% | −0.08 |
| DIS The Walt Disney Co. | Reduce -21.5% | 0.15% | −0.07 |
| BNY Bank of New York Mellon Corp. | Reduce -32.5% | 0.21% | −0.07 |
| TOL Toll Brothers Inc. | Sold out | 0.00% | −0.07 |
| TXN Texas Instruments Inc. | Reduce -0.8% | 0.30% | −0.07 |
| KEYS Keysight Technologies Inc. | Sold out | 0.00% | −0.07 |
| ACGL Arch Capital Group Ltd. | Reduce -36.9% | 0.10% | −0.07 |
| FIS Fidelity National Info Serv | Reduce -21.0% | 0.10% | −0.07 |
| SPGI S&P Global Inc. | Reduce -6.4% | 0.27% | −0.07 |
| ABT Abbott Laboratories | Reduce -4.1% | 0.45% | −0.07 |
| ABEV Ambev SA-ADR | Sold out | 0.00% | −0.07 |
| ADBE Adobe Inc. | Reduce -6.4% | 0.25% | −0.07 |
| MA Mastercard Inc. Class A | Reduce -1.4% | 0.72% | −0.07 |
| ZTS Zoetis Inc. | Reduce -1.6% | 0.36% | −0.06 |
| BSX Boston Scientific Corp. | Reduce -13.9% | 0.16% | −0.06 |
| IHI iShares U.S. Medical Devices | Reduce -74.6% | 0.02% | −0.06 |
| DT Dynatrace Inc. | Reduce -98.2% | 0.00% | −0.06 |
| DECK Deckers Outdoor Corp. | Reduce -65.3% | 0.03% | −0.06 |
| TROW T Rowe Price Group Inc. | Reduce -61.4% | 0.04% | −0.06 |
| BKNG Booking Holdings Inc. | Reduce -5.7% | 0.25% | −0.06 |
| EQIX Equinix Inc. | Reduce -24.4% | 0.13% | −0.06 |
| C Citigroup Inc. | Reduce -29.8% | 0.20% | −0.06 |
| WST West Pharmaceutical Services | Sold out | 0.00% | −0.06 |
| MCO Moody's Corp. | Reduce -12.1% | 0.19% | −0.06 |
| TFC Truist Financial Corp. | Reduce -96.2% | 0.00% | −0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -14.5% | 0.17% | −0.06 |
| SYK Stryker Corp. | Reduce -2.3% | 0.29% | −0.06 |
| PEG Public Service Enterprise GP | Reduce -47.0% | 0.05% | −0.05 |
| MSTR Strategy Inc. | Reduce -18.5% | 0.08% | −0.05 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -23.1% | 0.35% | −0.05 |
| PLTR Palantir Technologies Inc. Class A | Reduce -41.2% | 0.13% | −0.05 |
| SLB SLB Ltd. | Reduce -27.3% | 0.11% | −0.05 |
Portfolio Buys Q2 2025 → Q3 2025
| UBS UBS Group AG-Reg | Add +0.9% | 10.36% | +1.14 |
| AMRZ Amrize Ltd. | New | 1.13% | +1.13 |
| RYOJ Ryojbaba Co. Ltd. | New | 0.26% | +0.26 |
| TSLA Tesla Inc. | Add +8.8% | 0.85% | +0.24 |
| GOOG Alphabet Inc. Class C | Add +1.9% | 0.84% | +0.19 |
| STX Seagate Technology Holdings | Add +37.8% | 0.28% | +0.15 |
| NEM Newmont Corp. | Add +21.8% | 0.33% | +0.13 |
| QQQ Invesco QQQ Trust Series 1 | Add +11.4% | 1.09% | +0.11 |
| ORCL Oracle Corp. | Add +1.0% | 0.63% | +0.10 |
| ANET Arista Networks Inc. | Add +22.5% | 0.27% | +0.10 |
| CVS CVS Health Corp. | Add +155.0% | 0.17% | +0.10 |
| JPM JPMorgan Chase & Co. | Add +9.3% | 1.01% | +0.09 |
| GE General Electric | Add +15.2% | 0.42% | +0.08 |
| SOXX iShares Semiconductor ETF | Add +58.0% | 0.21% | +0.08 |
| GDX Vaneck Gold Miners ETF | Add +1366.7% | 0.08% | +0.08 |
| EBAY eBay Inc. | Add +349.4% | 0.10% | +0.08 |
| INFY Infosys Ltd.-SP ADR | Add +2795.8% | 0.08% | +0.08 |
| EXC Exelon Corp. | Add +85.0% | 0.18% | +0.08 |
| AU Anglogold Ashanti PLC | Add +0.0% | 0.25% | +0.07 |
| YUM Yum! Brands Inc. | Add +109.2% | 0.14% | +0.07 |
| QCOM Qualcomm Inc. | Add +43.6% | 0.24% | +0.07 |
| INTC Intel Corp. | Add +0.8% | 0.23% | +0.06 |
| IAU iShares Gold Trust | Add +483.0% | 0.07% | +0.06 |
| JCI Johnson Controls Internation | Add +47.3% | 0.21% | +0.06 |
| JNJ Johnson & Johnson | Add +1.8% | 0.50% | +0.06 |
| XEL Xcel Energy Inc. | Add +175.1% | 0.09% | +0.06 |
| GLD SPDR Gold Shares | Add +108.4% | 0.11% | +0.06 |
| NTNX Nutanix Inc. Class A | Add +9615.0% | 0.06% | +0.06 |
| PLD Prologis Inc. | Add +141.7% | 0.09% | +0.06 |
| OKTA Okta Inc. | Add +122.8% | 0.11% | +0.05 |
| MPWR Monolithic Power Systems Inc. | Add +67.6% | 0.10% | +0.05 |
| CMI Cummins Inc. | Add +9.7% | 0.21% | +0.05 |
| MPC Marathon Petroleum Corp. | Add +308.4% | 0.06% | +0.05 |
| EMR Emerson Electric Co. | Add +801.2% | 0.05% | +0.05 |
| KRE SS SPDR S&P Regional Bank | Add +100.0% | 0.09% | +0.05 |
| CVSA Covista Inc. | Add +116.1% | 0.08% | +0.05 |
| ORLY O'reilly Automotive Inc. | Add +22.0% | 0.17% | +0.04 |
| CVNA Carvana Co. | Add +139.6% | 0.07% | +0.04 |
| ZM Zoom Communications Inc. | Add +118.5% | 0.08% | +0.04 |
| DGX Quest Diagnostics Inc. | Add +64.8% | 0.11% | +0.04 |
| CSGP Costar Group Inc. | New | 0.04% | +0.04 |
| AMD Advanced Micro Devices | Add +5.5% | 0.42% | +0.04 |
| GM General Motors Co. | Add +27.3% | 0.13% | +0.04 |
| MU Micron Technology Inc. | Add +13.2% | 0.14% | +0.04 |
| DG Dollar General Corp. | Add +157.0% | 0.07% | +0.04 |
| COR Cencora Inc. | Add +29.7% | 0.19% | +0.04 |
| ZS Zscaler Inc. | Add +31.4% | 0.27% | +0.04 |
| IOT Samsara Inc. Class A | New | 0.04% | +0.04 |
| NSC Norfolk Southern Corp. | Add +61.3% | 0.08% | +0.03 |
| APO Apollo Global Management Inc. | Add +215.3% | 0.05% | +0.03 |
Notes & Other Activity Q2 2025 → Q3 2025
| INCR Intercure Ltd. | COM NEW | Sold out | 0 | $0before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 815 | $2.4B | UBS, NVDA, MSFT, ALC, GOOGL |
| Q1 2026 | 874 | $2.7B | UBS, NVDA, AAPL, MSFT, ALC |
| Q4 2025 | 822 | $2.8B | UBS, NVDA, AAPL, MSFT, ALC |
| Q3 2025 | 815 | $2.7B | UBS, NVDA, AAPL, MSFT, ALC |
| Q2 2025 | 790 | $2.5B | UBS, NVDA, MSFT, ALC, AAPL |
| Q1 2025 | 832 | $2.3B | UBS, ALC, MSFT, AAPL, NVDA |
| Q3 2024 | 749 | $2.4B | UBS, MSFT, NVDA, AAPL, ALC |
| Q2 2024 | 986 | $2.5B | UBS, PM, MSFT, AAPL, NVDA |
| Q1 2024 | 984 | $2.6B | UBS, PM, MSFT, NVDA, ALC |