Banque Pictet & Cie SA
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 30, 2025), Banque Pictet & Cie SA reported 374 stock positions worth $9.4 billion. Its top holding was Amazon.com (AMZN) at 11.4% of the portfolio, followed by Alphabet Class C (GOOG, 6.8%) and McDonald's (MCD, 5.5%). Compared with Q4 2024, it opened 97 new positions, sold out of 26, added to 104 and reduced 125. The biggest buy was Waste Management (WM, shares +1%) and the biggest sale Estee Lauder Companies Class A (EL, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- GENEVA 73, V8
- CIK
- 0001535602
- Portfolio Value
- $9.4B (Q1 2025)
- SEC Filing
- 0001535602-25-000010 ↗ filed Apr 30, 2025
Holdings Value
Holdings 374 stocks · $9.4B
| AMZN Amazon.com Inc. | 11.44% | 5,630,778 | $1.1B | Reduce -3.2% |
| GOOG Alphabet Inc. Class C | 6.85% | 4,104,061 | $641.2M | Add +0.1% |
| MCD McDonald's Corp. | 5.47% | 1,639,705 | $512.2M | Add +0.6% |
| MA Mastercard Inc. Class A | 5.37% | 916,566 | $502.4M | Reduce -0.5% |
| WM Waste Management Inc. | 4.68% | 1,893,190 | $438.3M | Add +1.3% |
| ZTS Zoetis Inc. | 4.60% | 2,615,019 | $430.6M | Add +0.9% |
| TXN Texas Instruments Inc. | 4.27% | 2,226,984 | $400.2M | Add +1.3% |
| GOOGL Alphabet Inc. Class A | 4.10% | 2,483,632 | $384.1M | Reduce -3.4% |
| PEP Pepsico Inc. | 3.85% | 2,401,554 | $360.1M | Reduce -11.1% |
| MSFT Microsoft Corp. | 3.61% | 904,205 | $338.0M | Reduce -7.2% |
| META Meta Platforms Inc. Class A | 2.33% | 379,061 | $218.5M | Reduce -18.3% |
| NKE Nike Inc. Class B | 2.25% | 3,317,923 | $210.6M | Add +1.4% |
| UNH Unitedhealth Group Inc. | 1.82% | 325,054 | $170.2M | Reduce -0.6% |
| NVDA Nvidia Corp. | 1.78% | 1,535,197 | $166.4M | Reduce -13.8% |
| V Visa Inc. Class A | 1.70% | 453,717 | $159.0M | Reduce -19.9% |
| PG The Procter & Gamble Co. | 1.12% | 613,961 | $104.6M | Add +10.7% |
| MRK Merck & Co. Inc. | 1.07% | 1,114,571 | $100.0M | Reduce -7.3% |
| TSM Taiwan Semiconductor-SP ADR | 1.06% | 600,016 | $99.6M | Reduce -5.5% |
| CRM Salesforce Inc. | 0.99% | 345,955 | $92.8M | Reduce -7.9% |
| WFC Wells Fargo & Co. | 0.95% | 1,244,932 | $89.4M | Reduce -14.3% |
| MRNA Moderna Inc. | 0.95% | 3,132,974 | $88.8M | No change |
| AAPL Apple Inc. | 0.93% | 393,221 | $87.3M | Reduce -5.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.79% | 133,072 | $74.4M | Add +27.2% |
| LLY Eli Lilly & Co. | 0.78% | 88,282 | $72.9M | Add +7.7% |
| SYK Stryker Corp. | 0.72% | 180,266 | $67.1M | Add +646.9% |
| ROL Rollins Inc. | 0.69% | 1,188,830 | $64.2M | Reduce -5.6% |
| MRSH Marsh & McLennan Cos | 0.60% | 231,586 | $56.5M | Add +11.2% |
| ORLY O'reilly Automotive Inc. | 0.59% | 38,564 | $55.2M | Reduce -1.7% |
| ADBE Adobe Inc. | 0.58% | 142,058 | $54.5M | Reduce -1.4% |
| MCO Moody's Corp. | 0.58% | 116,733 | $54.4M | Reduce -2.7% |
| DHI D.R. Horton Inc. | 0.56% | 415,641 | $52.8M | Add +3.8% |
| ETN Eaton Corp. PLC | 0.55% | 188,589 | $51.3M | Add +28.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.55% | 64 | $51.1M | No change |
| CMG Chipotle Mexican Grill Inc. | 0.51% | 955,228 | $48.0M | Reduce -7.2% |
| LIN Linde PLC | 0.50% | 99,833 | $46.5M | Reduce -7.2% |
| ABT Abbott Laboratories | 0.49% | 347,650 | $46.1M | Reduce -17.8% |
| AVGO Broadcom Inc. | 0.49% | 271,357 | $45.4M | Reduce -6.0% |
| ALC Alcon Inc. filed as ALCON AG | 0.44% | 439,013 | $41.3M | Add +44.6% |
| BKNG Booking Holdings Inc. | 0.44% | 8,912 | $41.1M | Reduce -2.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.41% | 922,377 | $38.5M | Reduce -2.3% |
| ABBV Abbvie Inc. | 0.40% | 178,344 | $37.4M | Add +139.5% |
| DE Deere & Co. | 0.39% | 78,364 | $36.8M | Add +0.1% |
| AMD Advanced Micro Devices | 0.39% | 353,231 | $36.3M | Reduce -17.0% |
| VERX Vertex Inc. Class A | 0.38% | 1,003,470 | $35.1M | Add +63.5% |
| JNJ Johnson & Johnson | 0.36% | 205,333 | $34.1M | Add +15.1% |
| TMO Thermo Fisher Scientific Inc. | 0.36% | 67,325 | $33.5M | Reduce -59.9% |
| HON Honeywell International Inc. | 0.32% | 142,968 | $30.3M | Add +7.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.32% | 242,421 | $29.5M | Reduce -2.4% |
| BSX Boston Scientific Corp. | 0.30% | 274,575 | $27.7M | Reduce -21.3% |
| PM Philip Morris International | 0.29% | 171,747 | $27.3M | Add +0.3% |
| CVX Chevron Corp. | 0.29% | 161,774 | $27.1M | Reduce -9.3% |
| ICE Intercontinental Exchange Inc. | 0.29% | 155,018 | $26.7M | Reduce -3.6% |
| NFLX Netflix Inc. | 0.28% | 28,206 | $26.3M | Add +7.3% |
| OC Owens Corning | 0.28% | 181,208 | $25.9M | Reduce -2.8% |
| UBS UBS Group AG-Reg | 0.27% | 822,271 | $25.0M | Add +21.3% |
| MU Micron Technology Inc. | 0.26% | 284,347 | $24.7M | Add +143.7% |
| EOG EOG Resources Inc. | 0.25% | 185,149 | $23.7M | Reduce -7.7% |
| CTAS Cintas Corp. | 0.25% | 112,912 | $23.2M | Reduce -28.6% |
| FCX Freeport-McMoran Inc. | 0.24% | 594,265 | $22.5M | Add +31.0% |
| OTIS Otis Worldwide Corp. | 0.24% | 214,538 | $22.1M | Reduce -13.0% |
| CL Colgate-Palmolive Co. | 0.23% | 230,437 | $21.6M | Add +26.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.23% | 39,977 | $21.3M | Reduce -0.1% |
| AME Ametek Inc. | 0.20% | 108,790 | $18.7M | Reduce -38.7% |
| WDAY Workday Inc. Class A | 0.20% | 79,269 | $18.5M | Reduce -17.1% |
| LYB Lyondellbasell Indu Class A | 0.19% | 254,459 | $17.9M | Reduce -1.6% |
| CME Cme Group Inc. | 0.18% | 65,043 | $17.3M | Reduce -3.1% |
| NEOG Neogen Corp. | 0.18% | 1,948,090 | $16.9M | Reduce -22.8% |
| AON Aon PLC Class A | 0.18% | 42,023 | $16.8M | Reduce -3.7% |
| ISRG Intuitive Surgical Inc. | 0.18% | 33,683 | $16.7M | Reduce -23.1% |
| JPM JPMorgan Chase & Co. | 0.17% | 65,219 | $16.0M | Reduce -5.2% |
| SE Sea Ltd.-ADR | 0.17% | 120,202 | $15.7M | Add +619.1% |
| CI The Cigna Group | 0.16% | 46,030 | $15.1M | Reduce -15.9% |
| LRCX Lam Research Corp. | 0.15% | 197,058 | $14.3M | Add +1.2% |
| ABNB Airbnb Inc. Class A | 0.15% | 117,660 | $14.1M | Reduce -14.2% |
| EA Electronic Arts Inc. | 0.15% | 95,184 | $13.8M | Add +2.9% |
| EW Edwards Lifesciences Corp. | 0.14% | 187,115 | $13.6M | Add +19.2% |
| MELI MercadoLibre Inc. | 0.14% | 6,907 | $13.5M | Add +17.4% |
| IWM iShares Russell 2000 ETF | 0.14% | 64,690 | $12.9M | Reduce -14.2% |
| DG Dollar General Corp. | 0.13% | 140,842 | $12.4M | Add +12.5% |
| AFL Aflac Inc. | 0.13% | 109,938 | $12.2M | Add +1.6% |
| EXPE Expedia Group Inc. | 0.13% | 72,241 | $12.1M | Add +4.8% |
| ELV Elevance Health Inc. | 0.13% | 27,503 | $12.0M | Add +5.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.12% | 46,172 | $11.5M | Reduce -9.7% |
| LOW Lowe's Cos Inc. | 0.12% | 49,102 | $11.5M | Add +7.4% |
| NVR NVR Inc. | 0.12% | 1,577 | $11.4M | Add +9.4% |
| SCHW Schwab (charles) Corp. | 0.12% | 144,504 | $11.3M | Reduce -5.6% |
| SW Smurfit Westrock PLC | 0.12% | 249,570 | $11.2M | Reduce -24.6% |
| DHR Danaher Corp. | 0.12% | 54,644 | $11.2M | Add +181.9% |
| PYPL PayPal Holdings Inc. | 0.12% | 168,338 | $11.0M | Reduce -19.0% |
| HUM Humana Inc. | 0.12% | 40,695 | $10.8M | Add +8.4% |
| PKG Packaging Corp. of America | 0.11% | 54,036 | $10.7M | Add +1.9% |
| AMP Ameriprise Financial Inc. | 0.11% | 21,842 | $10.6M | Add +1.7% |
| MS Morgan Stanley | 0.11% | 89,241 | $10.4M | Reduce -0.4% |
| VRSN Verisign Inc. | 0.11% | 40,790 | $10.4M | Reduce -9.3% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.11% | 232,025 | $10.2M | Reduce -0.8% |
| ADSK Autodesk Inc. | 0.11% | 37,874 | $9.9M | Add +2.5% |
| MAR Marriott International Class A | 0.10% | 40,853 | $9.7M | Add +1.9% |
| PANW Palo Alto Networks Inc. | 0.10% | 56,111 | $9.6M | Add +7.0% |
| WH Wyndham Hotels & Resorts Inc. | 0.10% | 104,795 | $9.5M | Reduce -5.4% |
| EEM iShares MSCI Emerging Market | 0.10% | 215,061 | $9.4M | Add +5.2% |
Options reported separately and not counted above: TSLA puts ($2.0B), TSLA calls ($1.0B), NVDA calls ($23.3M), BAC calls ($8.3M), NTR calls ($4.2M), C calls ($2.8M), AMZN calls ($2.1M), GOOG calls ($1.8M), NVDA puts ($1.7M), MOS calls ($1.5M), AMD calls ($830K), AVGO puts ($233K), and 8 more.
Portfolio Sells Q4 2024 → Q1 2025
| EL Estee Lauder Companies Class A | Reduce -98.0% | 0.02% | −1.10 |
| AMZN Amazon.com Inc. | Reduce -3.2% | 11.44% | −1.00 |
| GOOGL Alphabet Inc. Class A | Reduce -3.4% | 4.10% | −0.64 |
| NVDA Nvidia Corp. | Reduce -13.8% | 1.78% | −0.56 |
| TMO Thermo Fisher Scientific Inc. | Reduce -59.9% | 0.36% | −0.49 |
| MSFT Microsoft Corp. | Reduce -7.2% | 3.61% | −0.38 |
| META Meta Platforms Inc. Class A | Reduce -18.3% | 2.33% | −0.31 |
| TSLA Tesla Inc. | Reduce -64.1% | 0.09% | −0.28 |
| CRM Salesforce Inc. | Reduce -7.9% | 0.99% | −0.23 |
| AVGO Broadcom Inc. | Reduce -6.0% | 0.49% | −0.17 |
| PEP Pepsico Inc. | Reduce -11.1% | 3.85% | −0.16 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -5.5% | 1.06% | −0.16 |
| NEOG Neogen Corp. | Reduce -22.8% | 0.18% | −0.12 |
| AMD Advanced Micro Devices | Reduce -17.0% | 0.39% | −0.11 |
| AME Ametek Inc. | Reduce -38.7% | 0.20% | −0.11 |
| MRK Merck & Co. Inc. | Reduce -7.3% | 1.07% | −0.10 |
| CMG Chipotle Mexican Grill Inc. | Reduce -7.2% | 0.51% | −0.09 |
| AAPL Apple Inc. | Reduce -5.5% | 0.93% | −0.08 |
| ILMN Illumina Inc. | Sold out | 0.00% | −0.07 |
| ACN Accenture PLC Class A | Reduce -35.3% | 0.10% | −0.06 |
| PYPL PayPal Holdings Inc. | Reduce -19.0% | 0.12% | −0.06 |
| SW Smurfit Westrock PLC | Reduce -24.6% | 0.12% | −0.05 |
| HOOD Robinhood Markets Inc. Class A | Reduce -49.9% | 0.08% | −0.05 |
| SRPT Sarepta Therapeutics Inc. | Reduce -92.6% | 0.00% | −0.05 |
| NTRA Natera Inc. | Sold out | 0.00% | −0.05 |
| V Visa Inc. Class A | Reduce -19.9% | 1.70% | −0.05 |
| CAT Caterpillar Inc. | Reduce -94.2% | 0.00% | −0.05 |
| ACWI iShares MSCI Acwi ETF | Sold out | 0.00% | −0.05 |
| ISRG Intuitive Surgical Inc. | Reduce -23.1% | 0.18% | −0.04 |
| TGT Target Corp. | Reduce -23.9% | 0.08% | −0.04 |
| WDAY Workday Inc. Class A | Reduce -17.1% | 0.20% | −0.04 |
| ADBE Adobe Inc. | Reduce -1.4% | 0.58% | −0.04 |
| XBI SS SPDR S&P Biotech ETF | Reduce -57.4% | 0.03% | −0.04 |
| WFC Wells Fargo & Co. | Reduce -14.3% | 0.95% | −0.04 |
| PEN Penumbra Inc. | Reduce -91.9% | 0.00% | −0.04 |
| CTAS Cintas Corp. | Reduce -28.6% | 0.25% | −0.03 |
| ICLR Icon PLC | Sold out | 0.00% | −0.03 |
| OC Owens Corning | Reduce -2.8% | 0.28% | −0.03 |
| TNDM Tandem Diabetes Care Inc. | Sold out | 0.00% | −0.03 |
| APLS Apellis Pharmaceuticals Inc. | Sold out | 0.00% | −0.03 |
| APTV Aptiv PLC | Reduce -47.0% | 0.04% | −0.03 |
| RAMP Liveramp Holdings Inc. | Reduce -44.9% | 0.03% | −0.03 |
| ABNB Airbnb Inc. Class A | Reduce -14.2% | 0.15% | −0.03 |
| GMED Globus Medical Inc. Class A | Reduce -38.4% | 0.04% | −0.03 |
| IOVA Iovance Biotherapeutics Inc. | Reduce -82.4% | 0.00% | −0.02 |
| IWM iShares Russell 2000 ETF | Reduce -14.2% | 0.14% | −0.02 |
| DXCM Dexcom Inc. | Reduce -21.4% | 0.08% | −0.02 |
| PCVX Vaxcyte Inc. | Reduce -2.3% | 0.02% | −0.02 |
| PICK iShares MSCI Global Metals & | Sold out | 0.00% | −0.02 |
| INDA iShares MSCI India ETF | Reduce -32.1% | 0.04% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| WM Waste Management Inc. | Add +1.3% | 4.68% | +1.00 |
| MCD McDonald's Corp. | Add +0.6% | 5.47% | +0.87 |
| SYK Stryker Corp. | Add +646.9% | 0.72% | +0.63 |
| ZTS Zoetis Inc. | Add +0.9% | 4.60% | +0.48 |
| ABBV Abbvie Inc. | Add +139.5% | 0.40% | +0.27 |
| TXN Texas Instruments Inc. | Add +1.3% | 4.27% | +0.26 |
| PG The Procter & Gamble Co. | Add +10.7% | 1.12% | +0.21 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +27.2% | 0.79% | +0.20 |
| ALC Alcon Inc. | Add +44.6% | 0.44% | +0.19 |
| MRSH Marsh & McLennan Cos | Add +11.2% | 0.60% | +0.17 |
| MU Micron Technology Inc. | Add +143.7% | 0.26% | +0.17 |
| LLY Eli Lilly & Co. | Add +7.7% | 0.78% | +0.16 |
| SE Sea Ltd.-ADR | Add +619.1% | 0.17% | +0.15 |
| JNJ Johnson & Johnson | Add +15.1% | 0.36% | +0.11 |
| PM Philip Morris International | Add +0.3% | 0.29% | +0.09 |
| DHR Danaher Corp. | Add +181.9% | 0.12% | +0.08 |
| FCX Freeport-McMoran Inc. | Add +31.0% | 0.24% | +0.07 |
| ETN Eaton Corp. PLC | Add +28.0% | 0.55% | +0.07 |
| DE Deere & Co. | Add +0.1% | 0.39% | +0.07 |
| CL Colgate-Palmolive Co. | Add +26.7% | 0.23% | +0.07 |
| UBS UBS Group AG-Reg | Add +21.3% | 0.27% | +0.06 |
| VERX Vertex Inc. Class A | Add +63.5% | 0.38% | +0.06 |
| CQQQ Invesco China Technology ETF | New | 0.05% | +0.05 |
| NFLX Netflix Inc. | Add +7.3% | 0.28% | +0.05 |
| ADP Automatic Data Processing | New | 0.05% | +0.05 |
| MELI MercadoLibre Inc. | Add +17.4% | 0.14% | +0.05 |
| CPRT Copart Inc. | New | 0.05% | +0.05 |
| CTVA Corteva Inc. | New | 0.04% | +0.04 |
| HDB HDFC Bank Ltd.-ADR | Add +89.3% | 0.08% | +0.04 |
| EPOL iShares MSCI Poland ETF | Add +96.3% | 0.06% | +0.04 |
| SNPS Synopsys Inc. | New | 0.04% | +0.04 |
| DG Dollar General Corp. | Add +12.5% | 0.13% | +0.04 |
| IBN Icici Bank Ltd.-Spon ADR | Add +920.2% | 0.04% | +0.04 |
| ELV Elevance Health Inc. | Add +5.1% | 0.13% | +0.03 |
| EW Edwards Lifesciences Corp. | Add +19.2% | 0.14% | +0.03 |
| ASX Ase Technology Holding -ADR | New | 0.03% | +0.03 |
| HON Honeywell International Inc. | Add +7.1% | 0.32% | +0.03 |
| NEM Newmont Corp. | Add +17.1% | 0.07% | +0.03 |
| UBER Uber Technologies Inc. | Add +6.4% | 0.10% | +0.03 |
| GDX Vaneck Gold Miners ETF | Add +333.3% | 0.03% | +0.03 |
| RACE Ferrari NV | Add +234.0% | 0.03% | +0.02 |
| ECL Ecolab Inc. | Add +18.1% | 0.08% | +0.02 |
| YUMC Yum China Holdings Inc. | New | 0.02% | +0.02 |
| HUM Humana Inc. | Add +8.4% | 0.12% | +0.02 |
| AFL Aflac Inc. | Add +1.6% | 0.13% | +0.02 |
| XOM Exxon Mobil Corp. | Add +99.9% | 0.04% | +0.02 |
| KO The Coca-Cola Co. | Add +3.6% | 0.09% | +0.02 |
| DHI D.R. Horton Inc. | Add +3.8% | 0.56% | +0.02 |
| COST Costco Wholesale Corp. | Add +12.2% | 0.08% | +0.02 |
| EEM iShares MSCI Emerging Market | Add +5.2% | 0.10% | +0.02 |
Options Activity Q4 2024 → Q1 2025
| TSLA Tesla Inc. | put | Add +0.0% | 7,525,655 | $2.0B |
| BAC Bank of America Corp. | call | Reduce -50.0% | 200,000 | $8.3M |
| HOOD Robinhood Markets Inc. Class A | put | Sold out | 136,000 | $5.1Mbefore exit |
| C Citigroup Inc. | call | New | 40,000 | $2.8M |
| AMZN Amazon.com Inc. | call | Add +92.9% | 10,800 | $2.1M |
| NVDA Nvidia Corp. | put | Reduce -39.4% | 16,025 | $1.7M |
| AMD Advanced Micro Devices | call | New | 8,080 | $830K |
| META Meta Platforms Inc. Class A | put | Sold out | 900 | $527Kbefore exit |
| ADBE Adobe Inc. | put | Reduce -31.8% | 488 | $187K |
| LLY Eli Lilly & Co. | put | Sold out | 204 | $157Kbefore exit |
| AMD Advanced Micro Devices | put | Reduce -71.2% | 1,400 | $144K |
| AMZN Amazon.com Inc. | put | Reduce -40.1% | 643 | $122K |
| GOOGL Alphabet Inc. Class A | put | Reduce -84.9% | 721 | $111K |
| FCX Freeport-McMoran Inc. | put | Reduce -78.2% | 2,594 | $98K |
| MSFT Microsoft Corp. | put | Reduce -89.6% | 240 | $90K |
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 | 319 | $9.7B | AMZN, MSFT, GOOGL, GOOG, MA |
| Q1 2026 | 374 | $8.6B | AMZN, MSFT, GOOG, GOOGL, MCD |
| Q4 2025 | 384 | $10.0B | AMZN, MSFT, GOOG, GOOGL, MA |
| Q3 2025 | 375 | $10.0B | AMZN, GOOG, GOOGL, MA, MCD |
| Q2 2025 | 346 | $9.6B | AMZN, GOOG, MA, MCD, TXN |
| Q1 2025 | 374 | $9.4B | AMZN, GOOG, MCD, MA, WM |
| Q4 2024 | 303 | $10.3B | AMZN, GOOG, GOOGL, MA, MCD |
| Q3 2024 | 282 | $10.1B | AMZN, GOOG, ZTS, MCD, GOOGL |
| Q2 2024 | 280 | $9.8B | AMZN, GOOG, GOOGL, MSFT, PEP |
| Q1 2024 | 330 | $9.5B | AMZN, GOOG, MCD, PEP, GOOGL |