Banque Cantonale Vaudoise
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), Banque Cantonale Vaudoise reported 822 stock positions worth $2.8 billion. Its top holding was UBS Group AG-Reg (UBS) at 11.2% of the portfolio, followed by Nvidia (NVDA, 4.0%) and Apple (AAPL, 3.8%). Compared with Q3 2025, it opened 71 new positions, sold out of 64, added to 286 and reduced 344. The biggest buy was Broadcom (AVGO, shares +63%) and the biggest sale Nvidia (NVDA, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- LAUSANNE, V8
- CIK
- 0001793755
- Portfolio Value
- $2.8B (Q4 2025)
- SEC Filing
- 0001793755-26-000004 ↗ filed Feb 6, 2026
Holdings Value
Holdings 822 stocks · $2.8B
| UBS UBS Group AG-Reg | 11.22% | 6,738,930 | $314.4M | Reduce -0.3% |
| NVDA Nvidia Corp. | 4.03% | 605,540 | $112.9M | Reduce -14.6% |
| AAPL Apple Inc. | 3.80% | 391,436 | $106.4M | Reduce -8.8% |
| MSFT Microsoft Corp. | 3.70% | 214,478 | $103.7M | Add +3.1% |
| ALC Alcon Inc. filed as ALCON AG | 2.95% | 1,035,776 | $82.7M | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 2.90% | 259,154 | $81.1M | Reduce -5.5% |
| AVGO Broadcom Inc. | 2.68% | 216,637 | $75.0M | Add +63.1% |
| AMZN Amazon.com Inc. | 2.46% | 298,136 | $68.8M | Reduce -3.0% |
| V Visa Inc. Class A | 1.72% | 137,199 | $48.1M | Reduce -3.2% |
| AMRZ Amrize Ltd. | 1.58% | 805,469 | $44.2M | Add +29.2% |
| QQQ Invesco QQQ Trust Series 1 | 1.27% | 57,901 | $35.6M | Add +19.1% |
| LOGI Logitech International-Reg | 1.26% | 344,194 | $35.4M | Reduce -3.6% |
| META Meta Platforms Inc. Class A | 1.02% | 43,263 | $28.6M | Reduce -4.5% |
| GOOG Alphabet Inc. Class C | 0.99% | 88,260 | $27.7M | Reduce -4.5% |
| TSLA Tesla Inc. | 0.97% | 60,554 | $27.2M | Add +19.4% |
| JPM JPMorgan Chase & Co. | 0.97% | 84,199 | $27.1M | Reduce -1.8% |
| MBB iShares MBS ETF | 0.85% | 251,000 | $23.9M | No change |
| LLY Eli Lilly & Co. | 0.82% | 21,254 | $22.8M | Add +1.0% |
| CSCO Cisco Systems Inc. | 0.78% | 282,170 | $21.7M | Reduce -1.0% |
| ABBV Abbvie Inc. | 0.76% | 93,665 | $21.4M | Add +24.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.67% | 343,696 | $18.9M | Reduce -12.1% |
| CAT Caterpillar Inc. | 0.62% | 30,323 | $17.4M | Reduce -1.6% |
| PG The Procter & Gamble Co. | 0.60% | 117,974 | $16.9M | Reduce -1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.53% | 21,898 | $14.9M | Add +35.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.53% | 50,335 | $14.9M | Reduce -19.2% |
| KO The Coca-Cola Co. | 0.51% | 203,626 | $14.2M | Reduce -23.1% |
| MS Morgan Stanley | 0.50% | 79,488 | $14.1M | Reduce -3.1% |
| GS Goldman Sachs Group Inc. | 0.49% | 15,768 | $13.9M | Reduce -3.2% |
| HD Home Depot Inc. | 0.47% | 38,283 | $13.2M | Reduce -1.1% |
| AMD Advanced Micro Devices | 0.46% | 60,773 | $13.0M | Reduce -11.2% |
| ORCL Oracle Corp. | 0.45% | 64,896 | $12.7M | Add +8.2% |
| MRK Merck & Co. Inc. | 0.45% | 119,905 | $12.6M | Add +5.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.44% | 24,246 | $12.2M | Reduce -0.7% |
| WM Waste Management Inc. | 0.43% | 55,030 | $12.1M | Reduce -2.8% |
| ABT Abbott Laboratories | 0.43% | 96,352 | $12.1M | Add +6.3% |
| WMT Walmart Inc. | 0.43% | 107,344 | $12.0M | Reduce -0.6% |
| AMAT Applied Materials Inc. | 0.42% | 46,135 | $11.9M | Reduce -7.0% |
| JNJ Johnson & Johnson | 0.42% | 56,785 | $11.8M | Reduce -20.4% |
| PANW Palo Alto Networks Inc. | 0.40% | 60,064 | $11.1M | Add +11.7% |
| CRM Salesforce Inc. | 0.37% | 39,501 | $10.5M | Reduce -5.1% |
| GE General Electric filed as GE AEROSPACE | 0.37% | 33,473 | $10.3M | Reduce -11.1% |
| MCD McDonald's Corp. | 0.36% | 32,835 | $10.0M | Add +12.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.35% | 32,195 | $9.8M | Reduce -4.1% |
| XOM Exxon Mobil Corp. | 0.35% | 80,647 | $9.7M | Reduce -7.4% |
| ADI Analog Devices Inc. | 0.34% | 35,459 | $9.6M | Reduce -0.9% |
| WDC Western Digital Corp. | 0.33% | 52,882 | $9.1M | Add +168.1% |
| ZTS Zoetis Inc. | 0.32% | 71,286 | $9.0M | Add +8.3% |
| LOW Lowe's Cos Inc. | 0.32% | 36,986 | $8.9M | Reduce -0.6% |
| NFLX Netflix Inc. | 0.31% | 93,743 | $8.8M | Reduce -26.7% |
| WFC Wells Fargo & Co. | 0.31% | 93,818 | $8.7M | Add +33.6% |
| GILD Gilead Sciences Inc. | 0.31% | 70,964 | $8.7M | Reduce -11.6% |
| VZ Verizon Communications Inc. | 0.31% | 211,497 | $8.6M | Add +10.1% |
| MA Mastercard Inc. Class A | 0.31% | 15,066 | $8.6M | Reduce -55.5% |
| ANET Arista Networks Inc. | 0.29% | 62,846 | $8.2M | Add +26.0% |
| GEV GE Vernova Inc. | 0.29% | 12,456 | $8.1M | Add +49.3% |
| UNP Union Pacific Corp. | 0.28% | 34,397 | $8.0M | Add +0.5% |
| LRCX Lam Research Corp. | 0.27% | 44,785 | $7.7M | Reduce -12.9% |
| SPGI S&P Global Inc. | 0.27% | 14,638 | $7.7M | Reduce -0.3% |
| ACN Accenture PLC Class A | 0.27% | 28,267 | $7.6M | Add +58.0% |
| PGR Progressive Corp. | 0.27% | 33,047 | $7.5M | Add +159.6% |
| FTNT Fortinet Inc. | 0.27% | 94,615 | $7.5M | Add +86.7% |
| C Citigroup Inc. | 0.26% | 63,396 | $7.4M | Add +21.4% |
| MU Micron Technology Inc. | 0.26% | 25,769 | $7.4M | Add +19.2% |
| MMM 3M Co. | 0.26% | 45,308 | $7.3M | Add +6.7% |
| IWM iShares Russell 2000 ETF | 0.26% | 29,257 | $7.2M | Reduce -5.5% |
| ADBE Adobe Inc. | 0.25% | 20,274 | $7.1M | Add +9.0% |
| AMGN Amgen Inc. | 0.25% | 21,499 | $7.0M | Add +24.0% |
| STX Seagate Technology Holdings | 0.25% | 25,346 | $7.0M | Reduce -21.1% |
| NOW ServiceNow Inc. | 0.25% | 45,377 | $7.0M | Reduce -12.8% |
| INTU Intuit Inc. | 0.25% | 10,408 | $6.9M | Reduce -6.3% |
| SYK Stryker Corp. | 0.24% | 19,512 | $6.9M | Reduce -6.8% |
| AXP American Express Co. | 0.24% | 18,414 | $6.8M | Reduce -16.4% |
| INTC Intel Corp. | 0.24% | 181,112 | $6.7M | Add +0.1% |
| UBER Uber Technologies Inc. | 0.23% | 80,256 | $6.6M | Add +141.4% |
| MCK McKesson Corp. | 0.23% | 7,992 | $6.6M | Add +24.0% |
| SOXX iShares Semiconductor ETF | 0.23% | 21,658 | $6.5M | Add +7.2% |
| UNH Unitedhealth Group Inc. | 0.23% | 19,739 | $6.5M | Add +23.8% |
| ISRG Intuitive Surgical Inc. | 0.23% | 11,345 | $6.4M | Reduce -23.4% |
| TXN Texas Instruments Inc. | 0.23% | 37,032 | $6.4M | Reduce -15.6% |
| DE Deere & Co. | 0.23% | 13,760 | $6.4M | Reduce -27.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.23% | 13,547 | $6.3M | Add +43.8% |
| PLTR Palantir Technologies Inc. Class A | 0.22% | 35,060 | $6.2M | Add +79.3% |
| COF Capital One Financial Corp. | 0.22% | 25,432 | $6.2M | Add +84.3% |
| DHR Danaher Corp. | 0.22% | 26,896 | $6.2M | Add +66.7% |
| ETN Eaton Corp. PLC | 0.21% | 18,876 | $6.0M | Add +33.3% |
| CCJ Cameco Corp. | 0.21% | 65,625 | $6.0M | Add +82.9% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.21% | 136,640 | $5.9M | Add +3.5% |
| HUM Humana Inc. | 0.21% | 23,022 | $5.9M | Add +311.3% |
| MCO Moody's Corp. | 0.21% | 11,534 | $5.9M | Add +8.5% |
| TT Trane Technologies PLC | 0.21% | 15,009 | $5.8M | Reduce -2.9% |
| SCCO Southern Copper Corp. | 0.21% | 40,373 | $5.8M | Add +99.8% |
| EME Emcor Group Inc. | 0.21% | 9,465 | $5.8M | Add +285.7% |
| T AT&T Inc. | 0.20% | 228,415 | $5.7M | Add +5.7% |
| EW Edwards Lifesciences Corp. | 0.20% | 66,442 | $5.7M | Reduce -0.1% |
| HPE Hewlett Packard Enterprise | 0.20% | 234,456 | $5.6M | Add +73.6% |
| BMY Bristol-Myers Squibb Co. | 0.20% | 102,547 | $5.5M | Reduce -19.7% |
| NXPI NXP Semiconductors NV | 0.19% | 24,894 | $5.4M | Add +5.1% |
| TRV The Travelers Cos Inc. | 0.19% | 18,387 | $5.3M | Add +37.1% |
| FTV Fortive Corp. | 0.19% | 96,130 | $5.3M | Reduce -0.7% |
| GLD SPDR Gold Shares | 0.19% | 13,167 | $5.2M | Add +66.8% |
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 Q3 2025 → Q4 2025
| NVDA Nvidia Corp. | Reduce -14.6% | 4.03% | −0.93 |
| MA Mastercard Inc. Class A | Reduce -55.5% | 0.31% | −0.42 |
| AAPL Apple Inc. | Reduce -8.8% | 3.80% | −0.30 |
| RYOJ Ryojbaba Co. Ltd. | Sold out | 0.00% | −0.26 |
| NFLX Netflix Inc. | Reduce -26.7% | 0.31% | −0.26 |
| META Meta Platforms Inc. Class A | Reduce -4.5% | 1.02% | −0.23 |
| LOGI Logitech International-Reg | Reduce -3.6% | 1.26% | −0.19 |
| NEM Newmont Corp. | Reduce -61.0% | 0.15% | −0.18 |
| AU Anglogold Ashanti PLC | Reduce -70.5% | 0.09% | −0.16 |
| CVX Chevron Corp. | Reduce -47.0% | 0.15% | −0.15 |
| KO The Coca-Cola Co. | Reduce -23.1% | 0.51% | −0.15 |
| ZS Zscaler Inc. | Reduce -31.4% | 0.13% | −0.14 |
| XOP SS SPDR S&P Og Exp & Prod | Sold out | 0.00% | −0.14 |
| IBM Intl Business Machines Corp. | Reduce -19.2% | 0.53% | −0.13 |
| NEE Nextera Energy Inc. | Reduce -52.0% | 0.12% | −0.12 |
| HD Home Depot Inc. | Reduce -1.1% | 0.47% | −0.12 |
| NOW ServiceNow Inc. | Reduce -12.8% | 0.25% | −0.11 |
| WELL Welltower Inc. | Reduce -36.8% | 0.17% | −0.10 |
| VRNT Verint Systems Inc. | Sold out | 0.00% | −0.10 |
| V Visa Inc. Class A | Reduce -3.2% | 1.72% | −0.10 |
| NET Cloudflare Inc. Class A | Reduce -26.4% | 0.17% | −0.09 |
| EXC Exelon Corp. | Reduce -50.0% | 0.08% | −0.09 |
| DE Deere & Co. | Reduce -27.0% | 0.23% | −0.09 |
| IRM Iron Mountain Inc. | Reduce -66.8% | 0.03% | −0.09 |
| CMI Cummins Inc. | Reduce -49.8% | 0.12% | −0.09 |
| COST Costco Wholesale Corp. | Reduce -31.7% | 0.14% | −0.09 |
| CVS CVS Health Corp. | Reduce -52.6% | 0.08% | −0.09 |
| EA Electronic Arts Inc. | Reduce -60.5% | 0.05% | −0.09 |
| PG The Procter & Gamble Co. | Reduce -1.1% | 0.60% | −0.08 |
| BAC Bank of America Corp. | Reduce -12.1% | 0.67% | −0.08 |
| SE Sea Ltd.-ADR | Reduce -24.6% | 0.08% | −0.08 |
| JNJ Johnson & Johnson | Reduce -20.4% | 0.42% | −0.08 |
| QCOM Qualcomm Inc. | Reduce -28.9% | 0.17% | −0.07 |
| AMZN Amazon.com Inc. | Reduce -3.0% | 2.46% | −0.07 |
| TXN Texas Instruments Inc. | Reduce -15.6% | 0.23% | −0.07 |
| BKNG Booking Holdings Inc. | Reduce -24.4% | 0.18% | −0.07 |
| KR Kroger Co. | Reduce -39.7% | 0.08% | −0.07 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.07 |
| TMUS T-Mobile US Inc. | Reduce -63.3% | 0.03% | −0.07 |
| CQQQ Invesco China Technology ETF | Reduce -81.6% | 0.01% | −0.07 |
| BABA Alibaba Group Holding-SP ADR | Reduce -46.5% | 0.05% | −0.07 |
| CVNA Carvana Co. | Reduce -95.0% | 0.00% | −0.07 |
| TME Tencent Music Entertainm-ADR | Sold out | 0.00% | −0.07 |
| DGX Quest Diagnostics Inc. | Reduce -54.1% | 0.04% | −0.07 |
| LH Labcorp Holdings Inc. | Sold out | 0.00% | −0.06 |
| GDX Vaneck Gold Miners ETF | Reduce -76.9% | 0.02% | −0.06 |
| BKR Baker Hughes Co. | Reduce -35.9% | 0.08% | −0.06 |
| BIIB Biogen Inc. | Reduce -77.1% | 0.02% | −0.06 |
| IR Ingersoll-Rand Inc. | Reduce -79.9% | 0.01% | −0.06 |
| GE General Electric | Reduce -11.1% | 0.37% | −0.06 |
Portfolio Buys Q3 2025 → Q4 2025
| AVGO Broadcom Inc. | Add +63.1% | 2.68% | +1.03 |
| AMRZ Amrize Ltd. | Add +29.2% | 1.58% | +0.45 |
| WDC Western Digital Corp. | Add +168.1% | 0.33% | +0.24 |
| LLY Eli Lilly & Co. | Add +1.0% | 0.82% | +0.21 |
| QQQ Invesco QQQ Trust Series 1 | Add +19.1% | 1.27% | +0.18 |
| HUM Humana Inc. | Add +311.3% | 0.21% | +0.16 |
| PGR Progressive Corp. | Add +159.6% | 0.27% | +0.15 |
| EME Emcor Group Inc. | Add +285.7% | 0.21% | +0.15 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +35.7% | 0.53% | +0.13 |
| TSLA Tesla Inc. | Add +19.4% | 0.97% | +0.13 |
| MU Micron Technology Inc. | Add +19.2% | 0.26% | +0.13 |
| SCCO Southern Copper Corp. | Add +99.8% | 0.21% | +0.11 |
| UBER Uber Technologies Inc. | Add +141.4% | 0.23% | +0.11 |
| ABBV Abbvie Inc. | Add +24.4% | 0.76% | +0.11 |
| COF Capital One Financial Corp. | Add +84.3% | 0.22% | +0.11 |
| STLA Stellantis NV | Add +1342.0% | 0.12% | +0.11 |
| FTNT Fortinet Inc. | Add +86.7% | 0.27% | +0.11 |
| GGB Gerdau SA -Spon ADR | New | 0.11% | +0.11 |
| ACN Accenture PLC Class A | Add +58.0% | 0.27% | +0.11 |
| CCJ Cameco Corp. | Add +82.9% | 0.21% | +0.10 |
| DHR Danaher Corp. | Add +66.7% | 0.22% | +0.10 |
| GEV GE Vernova Inc. | Add +49.3% | 0.29% | +0.10 |
| MRK Merck & Co. Inc. | Add +5.0% | 0.45% | +0.09 |
| WFC Wells Fargo & Co. | Add +33.6% | 0.31% | +0.09 |
| PLTR Palantir Technologies Inc. Class A | Add +79.3% | 0.22% | +0.09 |
| IAU iShares Gold Trust | Add +103.8% | 0.16% | +0.09 |
| ALL Allstate Corp. | Add +263.6% | 0.12% | +0.08 |
| BAP Credicorp Ltd. | New | 0.08% | +0.08 |
| GLD SPDR Gold Shares | Add +66.8% | 0.19% | +0.08 |
| CIEN Ciena Corp. | New | 0.08% | +0.08 |
| AIRR First Trust Rba American Ind | Add +233.2% | 0.11% | +0.08 |
| HPE Hewlett Packard Enterprise | Add +73.6% | 0.20% | +0.08 |
| IHE iShares US Pharmaceuticals E | New | 0.07% | +0.07 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +127.1% | 0.16% | +0.07 |
| MMYT Makemytrip Ltd. | Add +1328.8% | 0.08% | +0.07 |
| AMGN Amgen Inc. | Add +24.0% | 0.25% | +0.07 |
| IUSG iShares Core S&P U.S. Growth | New | 0.07% | +0.07 |
| FAST Fastenal Co. | Add +218.2% | 0.11% | +0.07 |
| C Citigroup Inc. | Add +21.4% | 0.26% | +0.07 |
| TEL Te Connectivity PLC | Add +484.7% | 0.08% | +0.06 |
| LHX L3HARRIS Technologies Inc. | Add +103.6% | 0.14% | +0.06 |
| TPR Tapestry Inc. | Add +2564.2% | 0.06% | +0.06 |
| CRDO Credo Technology Group Holdi | Add +148.3% | 0.11% | +0.06 |
| MDB Mongodb Inc. | Add +88.2% | 0.10% | +0.06 |
| PLD Prologis Inc. | Add +53.7% | 0.15% | +0.06 |
| UPS United Parcel Service Class B | Add +74.5% | 0.12% | +0.06 |
| ACGL Arch Capital Group Ltd. | Add +58.3% | 0.16% | +0.06 |
| USB US Bancorp | Add +68.0% | 0.13% | +0.06 |
| APH Amphenol Corp. Class A | Add +90.1% | 0.11% | +0.05 |
| CTSH Cognizant Tech Solutions-A | Add +99.9% | 0.09% | +0.05 |
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 |