Banque Pictet & Cie SA
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 16, 2025), Banque Pictet & Cie SA reported 346 stock positions worth $9.6 billion. Its top holding was Amazon.com (AMZN) at 12.3% of the portfolio, followed by Alphabet Class C (GOOG, 7.4%) and Mastercard Class A (MA, 5.2%). Compared with Q1 2025, it opened 7 new positions, sold out of 35, added to 59 and reduced 217. The biggest buy was Philip Morris International (PM, shares +182%) and the biggest sale Pepsico (PEP, shares −47%).
- Most Recent 13F
- Q2 2026
- Location
- GENEVA 73, V8
- CIK
- 0001535602
- Portfolio Value
- $9.6B (Q2 2025)
- SEC Filing
- 0001535602-25-000011 ↗ filed Jul 16, 2025
Holdings Value
Holdings 346 stocks · $9.6B
| AMZN Amazon.com Inc. | 12.26% | 5,367,763 | $1.2B | Reduce -4.7% |
| GOOG Alphabet Inc. Class C | 7.45% | 4,031,513 | $715.2M | Reduce -1.8% |
| MA Mastercard Inc. Class A | 5.18% | 886,001 | $497.9M | Reduce -3.3% |
| MCD McDonald's Corp. | 4.80% | 1,578,049 | $461.1M | Reduce -3.8% |
| TXN Texas Instruments Inc. | 4.64% | 2,146,874 | $445.7M | Reduce -3.6% |
| MSFT Microsoft Corp. | 4.53% | 878,728 | $435.4M | Reduce -2.8% |
| GOOGL Alphabet Inc. Class A | 4.40% | 2,398,787 | $422.7M | Reduce -3.4% |
| WM Waste Management Inc. | 4.39% | 1,841,370 | $421.3M | Reduce -2.7% |
| ZTS Zoetis Inc. | 4.12% | 2,533,842 | $395.2M | Reduce -3.1% |
| META Meta Platforms Inc. Class A | 2.66% | 346,538 | $255.8M | Reduce -8.6% |
| NKE Nike Inc. Class B | 2.43% | 3,280,130 | $233.0M | Reduce -1.1% |
| NVDA Nvidia Corp. | 2.29% | 1,392,637 | $220.0M | Reduce -9.3% |
| PEP Pepsico Inc. | 1.76% | 1,278,790 | $168.9M | Reduce -46.8% |
| V Visa Inc. Class A | 1.53% | 414,253 | $147.1M | Reduce -8.7% |
| TSM Taiwan Semiconductor-SP ADR | 1.32% | 557,950 | $126.4M | Reduce -7.0% |
| PG The Procter & Gamble Co. | 1.04% | 627,267 | $99.9M | Add +2.2% |
| WFC Wells Fargo & Co. | 1.00% | 1,193,484 | $95.6M | Reduce -4.1% |
| PM Philip Morris International | 0.92% | 484,687 | $88.3M | Add +182.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.91% | 141,313 | $87.3M | Add +6.2% |
| MRNA Moderna Inc. | 0.90% | 3,132,974 | $86.4M | No change |
| CRM Salesforce Inc. | 0.88% | 311,549 | $85.0M | Reduce -9.9% |
| MRK Merck & Co. Inc. | 0.85% | 1,035,174 | $81.9M | Reduce -7.1% |
| AAPL Apple Inc. | 0.82% | 385,340 | $79.1M | Reduce -2.0% |
| UNH Unitedhealth Group Inc. | 0.79% | 241,960 | $75.5M | Reduce -25.6% |
| SYK Stryker Corp. | 0.73% | 178,274 | $70.5M | Reduce -1.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.69% | 120,131 | $66.0M | Add +552.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.68% | 90 | $65.6M | Add +40.6% |
| ROL Rollins Inc. | 0.68% | 1,150,460 | $64.9M | Reduce -3.2% |
| LLY Eli Lilly & Co. | 0.67% | 82,992 | $64.7M | Reduce -6.0% |
| ETN Eaton Corp. PLC | 0.63% | 170,040 | $60.7M | Reduce -9.8% |
| AVGO Broadcom Inc. | 0.62% | 217,172 | $59.9M | Reduce -20.0% |
| DHI D.R. Horton Inc. | 0.57% | 423,892 | $54.6M | Add +2.0% |
| CMG Chipotle Mexican Grill Inc. | 0.57% | 968,162 | $54.4M | Add +1.4% |
| MRSH Marsh & McLennan Cos | 0.52% | 227,968 | $49.8M | Reduce -1.6% |
| AMD Advanced Micro Devices | 0.52% | 349,930 | $49.7M | Reduce -0.9% |
| ALC Alcon Inc. filed as ALCON AG | 0.51% | 554,731 | $48.9M | Add +26.4% |
| ORLY O'reilly Automotive Inc. | 0.48% | 507,218 | $45.7M | Reduce -12.3% |
| LIN Linde PLC | 0.46% | 94,246 | $44.2M | Reduce -5.6% |
| MCO Moody's Corp. | 0.46% | 87,581 | $43.9M | Reduce -25.0% |
| BKNG Booking Holdings Inc. | 0.46% | 7,571 | $43.8M | Reduce -15.1% |
| ADBE Adobe Inc. | 0.45% | 112,612 | $43.6M | Reduce -20.7% |
| ABT Abbott Laboratories | 0.43% | 304,574 | $41.4M | Reduce -12.4% |
| DE Deere & Co. | 0.41% | 78,020 | $39.7M | Reduce -0.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.41% | 829,613 | $39.3M | Reduce -10.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.40% | 78,465 | $38.1M | Add +96.3% |
| BSX Boston Scientific Corp. | 0.38% | 340,579 | $36.6M | Add +24.0% |
| NFLX Netflix Inc. | 0.38% | 27,162 | $36.4M | Reduce -3.7% |
| UBS UBS Group AG-Reg | 0.36% | 1,033,470 | $34.9M | Add +25.7% |
| VERX Vertex Inc. Class A | 0.35% | 958,370 | $33.9M | Reduce -4.5% |
| MU Micron Technology Inc. | 0.35% | 268,865 | $33.1M | Reduce -5.4% |
| HON Honeywell International Inc. | 0.34% | 142,012 | $33.1M | Reduce -0.7% |
| ABBV Abbvie Inc. | 0.34% | 176,491 | $32.8M | Reduce -1.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.31% | 238,047 | $29.4M | Reduce -1.8% |
| UBER Uber Technologies Inc. | 0.30% | 311,746 | $29.1M | Add +152.5% |
| JNJ Johnson & Johnson | 0.29% | 181,563 | $27.7M | Reduce -11.6% |
| FCX Freeport-McMoran Inc. | 0.27% | 596,843 | $25.9M | Add +0.4% |
| CTAS Cintas Corp. | 0.26% | 112,912 | $25.2M | No change |
| CVX Chevron Corp. | 0.25% | 167,524 | $24.0M | Add +3.5% |
| OC Owens Corning | 0.23% | 163,012 | $22.4M | Reduce -10.0% |
| EOG EOG Resources Inc. | 0.22% | 180,127 | $21.5M | Reduce -2.7% |
| ISRG Intuitive Surgical Inc. | 0.21% | 37,768 | $20.5M | Add +12.1% |
| CL Colgate-Palmolive Co. | 0.21% | 221,314 | $20.1M | Reduce -4.0% |
| SE Sea Ltd.-ADR | 0.20% | 121,913 | $19.5M | Add +1.4% |
| LRCX Lam Research Corp. | 0.18% | 182,486 | $17.8M | Reduce -7.4% |
| MELI MercadoLibre Inc. | 0.18% | 6,795 | $17.8M | Reduce -1.6% |
| OTIS Otis Worldwide Corp. | 0.18% | 173,344 | $17.2M | Reduce -19.2% |
| CME Cme Group Inc. | 0.18% | 61,642 | $17.0M | Reduce -5.2% |
| HOOD Robinhood Markets Inc. Class A | 0.18% | 179,846 | $16.8M | No change |
| ICE Intercontinental Exchange Inc. | 0.17% | 90,990 | $16.7M | Reduce -41.3% |
| WDAY Workday Inc. Class A | 0.16% | 65,275 | $15.7M | Reduce -17.6% |
| SW Smurfit Westrock PLC | 0.16% | 355,610 | $15.3M | Add +42.5% |
| JPM JPMorgan Chase & Co. | 0.16% | 52,566 | $15.2M | Reduce -19.4% |
| EA Electronic Arts Inc. | 0.15% | 90,970 | $14.5M | Reduce -4.4% |
| KO The Coca-Cola Co. | 0.15% | 204,392 | $14.5M | Add +72.6% |
| DG Dollar General Corp. | 0.15% | 123,484 | $14.1M | Reduce -12.3% |
| ABNB Airbnb Inc. Class A | 0.14% | 100,325 | $13.3M | Reduce -14.7% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.14% | 228,534 | $13.2M | Add +33.7% |
| SCHW Schwab (charles) Corp. | 0.14% | 143,207 | $13.1M | Reduce -0.9% |
| SHV iShares 0-1 Year Treasury Bo | 0.13% | 117,303 | $13.0M | Add +239.1% |
| TMO Thermo Fisher Scientific Inc. | 0.13% | 31,856 | $12.9M | Reduce -52.7% |
| MS Morgan Stanley | 0.13% | 87,342 | $12.3M | Reduce -2.1% |
| DHR Danaher Corp. | 0.13% | 61,512 | $12.2M | Add +12.6% |
| EXPE Expedia Group Inc. | 0.13% | 71,472 | $12.1M | Reduce -1.1% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.12% | 230,505 | $12.0M | Reduce -0.7% |
| PINS Pinterest Inc. Class A | 0.12% | 331,831 | $11.9M | Add +3220.6% |
| VRSN Verisign Inc. | 0.12% | 40,352 | $11.7M | Reduce -1.1% |
| AMP Ameriprise Financial Inc. | 0.12% | 21,655 | $11.6M | Reduce -0.9% |
| NVR NVR Inc. | 0.12% | 1,563 | $11.5M | Reduce -0.9% |
| AFL Aflac Inc. | 0.12% | 108,992 | $11.5M | Reduce -0.9% |
| ADSK Autodesk Inc. | 0.12% | 36,713 | $11.4M | Reduce -3.1% |
| PANW Palo Alto Networks Inc. | 0.12% | 54,826 | $11.2M | Reduce -2.3% |
| MAR Marriott International Class A | 0.12% | 40,454 | $11.1M | Reduce -1.0% |
| HUM Humana Inc. | 0.11% | 44,719 | $10.9M | Add +9.9% |
| EW Edwards Lifesciences Corp. | 0.11% | 138,965 | $10.9M | Reduce -25.7% |
| PYPL PayPal Holdings Inc. | 0.11% | 146,023 | $10.9M | Reduce -13.3% |
| ROK Rockwell Automation Inc. | 0.11% | 32,336 | $10.7M | Reduce -1.1% |
| ELV Elevance Health Inc. | 0.11% | 27,254 | $10.6M | Reduce -0.9% |
| AMAT Applied Materials Inc. | 0.11% | 57,906 | $10.6M | Reduce -3.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.11% | 35,362 | $10.4M | Reduce -23.4% |
| EEM iShares MSCI Emerging Market | 0.11% | 215,061 | $10.4M | No change |
Options reported separately and not counted above: TSLA puts ($2.4B), TSLA calls ($2.3B), NVDA calls ($34.0M), NTR calls ($5.0M), EXAS calls ($4.6M), AMZN calls ($2.4M), MU calls ($2.0M), MOS calls ($2.0M), NVDA puts ($1.9M), AAPL puts ($1.2M), ADBE calls ($780K), SLB puts ($210K), and 3 more.
Portfolio Sells Q1 2025 → Q2 2025
| PEP Pepsico Inc. | Reduce -46.8% | 1.76% | −2.09 |
| UNH Unitedhealth Group Inc. | Reduce -25.6% | 0.79% | −1.03 |
| MCD McDonald's Corp. | Reduce -3.8% | 4.80% | −0.67 |
| ZTS Zoetis Inc. | Reduce -3.1% | 4.12% | −0.48 |
| WM Waste Management Inc. | Reduce -2.7% | 4.39% | −0.29 |
| TMO Thermo Fisher Scientific Inc. | Reduce -52.7% | 0.13% | −0.22 |
| MRK Merck & Co. Inc. | Reduce -7.1% | 0.85% | −0.21 |
| AME Ametek Inc. | Reduce -93.2% | 0.01% | −0.19 |
| MA Mastercard Inc. Class A | Reduce -3.3% | 5.18% | −0.18 |
| AON Aon PLC Class A | Sold out | 0.00% | −0.18 |
| V Visa Inc. Class A | Reduce -8.7% | 1.53% | −0.17 |
| ADBE Adobe Inc. | Reduce -20.7% | 0.45% | −0.13 |
| MCO Moody's Corp. | Reduce -25.0% | 0.46% | −0.12 |
| ORLY O'reilly Automotive Inc. | Reduce -12.3% | 0.48% | −0.11 |
| ICE Intercontinental Exchange Inc. | Reduce -41.3% | 0.17% | −0.11 |
| LYB Lyondellbasell Indu Class A | Reduce -48.0% | 0.08% | −0.11 |
| AAPL Apple Inc. | Reduce -2.0% | 0.82% | −0.11 |
| CRM Salesforce Inc. | Reduce -9.9% | 0.88% | −0.11 |
| LLY Eli Lilly & Co. | Reduce -6.0% | 0.67% | −0.10 |
| NEOG Neogen Corp. | Reduce -3.2% | 0.09% | −0.09 |
| MRSH Marsh & McLennan Cos | Reduce -1.6% | 0.52% | −0.08 |
| JNJ Johnson & Johnson | Reduce -11.6% | 0.29% | −0.07 |
| CI The Cigna Group | Reduce -41.4% | 0.09% | −0.07 |
| ABT Abbott Laboratories | Reduce -12.4% | 0.43% | −0.06 |
| ABBV Abbvie Inc. | Reduce -1.0% | 0.34% | −0.06 |
| OTIS Otis Worldwide Corp. | Reduce -19.2% | 0.18% | −0.06 |
| GRMN Garmin Ltd. | Sold out | 0.00% | −0.05 |
| OC Owens Corning | Reduce -10.0% | 0.23% | −0.04 |
| EME Emcor Group Inc. | Sold out | 0.00% | −0.04 |
| AKAM Akamai Technologies Inc. | Reduce -92.2% | 0.00% | −0.04 |
| HPQ HP Inc. | Reduce -39.3% | 0.04% | −0.04 |
| ECL Ecolab Inc. | Reduce -51.5% | 0.04% | −0.04 |
| LIN Linde PLC | Reduce -5.6% | 0.46% | −0.04 |
| BABA Alibaba Group Holding-SP ADR | Reduce -41.6% | 0.03% | −0.04 |
| WDAY Workday Inc. Class A | Reduce -17.6% | 0.16% | −0.03 |
| IWM iShares Russell 2000 ETF | Reduce -28.7% | 0.10% | −0.03 |
| SLB SLB Ltd. | Reduce -20.1% | 0.05% | −0.03 |
| EW Edwards Lifesciences Corp. | Reduce -25.7% | 0.11% | −0.03 |
| EOG EOG Resources Inc. | Reduce -2.7% | 0.22% | −0.03 |
| KHC The Kraft Heinz Co. | Sold out | 0.00% | −0.03 |
| ACN Accenture PLC Class A | Reduce -23.4% | 0.07% | −0.03 |
| KRE SS SPDR S&P Regional Bank | Reduce -46.5% | 0.03% | −0.02 |
| LOW Lowe's Cos Inc. | Reduce -12.1% | 0.10% | −0.02 |
| VERX Vertex Inc. Class A | Reduce -4.5% | 0.35% | −0.02 |
| CL Colgate-Palmolive Co. | Reduce -4.0% | 0.21% | −0.02 |
| ELV Elevance Health Inc. | Reduce -0.9% | 0.11% | −0.02 |
| GLD SPDR Gold Shares | Reduce -30.6% | 0.04% | −0.02 |
| ARE Alexandria Real Estate Equit | Reduce -3.2% | 0.05% | −0.02 |
| TSLA Tesla Inc. | Reduce -30.8% | 0.08% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -27.9% | 0.06% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| PM Philip Morris International | Add +182.2% | 0.92% | +0.63 |
| QQQ Invesco QQQ Trust Series 1 | Add +552.3% | 0.69% | +0.60 |
| UBER Uber Technologies Inc. | Add +152.5% | 0.30% | +0.21 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +96.3% | 0.40% | +0.17 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +40.6% | 0.68% | +0.14 |
| PINS Pinterest Inc. Class A | Add +3220.6% | 0.12% | +0.12 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +6.2% | 0.91% | +0.11 |
| UBS UBS Group AG-Reg | Add +25.7% | 0.36% | +0.10 |
| SHV iShares 0-1 Year Treasury Bo | Add +239.1% | 0.13% | +0.09 |
| BSX Boston Scientific Corp. | Add +24.0% | 0.38% | +0.09 |
| ALC Alcon Inc. | Add +26.4% | 0.51% | +0.07 |
| KO The Coca-Cola Co. | Add +72.6% | 0.15% | +0.06 |
| P Everpure Inc. Class A | Add +33.7% | 0.14% | +0.06 |
| CMG Chipotle Mexican Grill Inc. | Add +1.4% | 0.57% | +0.05 |
| AMRZ Amrize Ltd. | New | 0.05% | +0.05 |
| GILD Gilead Sciences Inc. | Add +101.8% | 0.09% | +0.04 |
| SW Smurfit Westrock PLC | Add +42.5% | 0.16% | +0.04 |
| EXAS Exact Sciences Corp. | Add +105.2% | 0.06% | +0.04 |
| ISRG Intuitive Surgical Inc. | Add +12.1% | 0.21% | +0.04 |
| SE Sea Ltd.-ADR | Add +1.4% | 0.20% | +0.04 |
| DPZ Domino's Pizza Inc. | New | 0.03% | +0.03 |
| C Citigroup Inc. | Add +332.8% | 0.04% | +0.03 |
| FCX Freeport-McMoran Inc. | Add +0.4% | 0.27% | +0.03 |
| HDB HDFC Bank Ltd.-ADR | Add +16.3% | 0.11% | +0.02 |
| GE General Electric | Add +84.2% | 0.04% | +0.02 |
| VRTX Vertex Pharmaceuticals Inc. | Add +48.9% | 0.08% | +0.02 |
| EWZ iShares MSCI Brazil ETF | Add +19.6% | 0.07% | +0.02 |
| TNDM Tandem Diabetes Care Inc. | New | 0.02% | +0.02 |
| EPOL iShares MSCI Poland ETF | Add +11.9% | 0.08% | +0.02 |
| WMT Walmart Inc. | Add +32.8% | 0.04% | +0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +41.4% | 0.04% | +0.01 |
| ALGN Align Technology Inc. | Add +20.4% | 0.03% | +0.01 |
| CQQQ Invesco China Technology ETF | Add +18.9% | 0.06% | +0.01 |
| MMYT Makemytrip Ltd. | Add +38.8% | 0.03% | +0.01 |
| DHR Danaher Corp. | Add +12.6% | 0.13% | +0.01 |
| DHI D.R. Horton Inc. | Add +2.0% | 0.57% | +0.00 |
| PCVX Vaxcyte Inc. | Add +43.8% | 0.03% | +0.00 |
| CSCO Cisco Systems Inc. | Add +1.0% | 0.04% | +0.00 |
| GDX Vaneck Gold Miners ETF | Add +1.5% | 0.04% | +0.00 |
| MDLZ Mondelez International Inc. Class A | Add +8.0% | 0.07% | +0.00 |
| KB KB Financial Group Inc.-ADR | Add +56.8% | 0.01% | +0.00 |
| TTD Trade Desk Inc./the Class A | New | 0.00% | +0.00 |
| BA The Boeing Co. | New | 0.00% | +0.00 |
| PODD Insulet Corp. | Add +12.3% | 0.01% | +0.00 |
| SPGI S&P Global Inc. | Add +1.3% | 0.09% | +0.00 |
| DDOG Datadog Inc. Class A | New | 0.00% | +0.00 |
| CRH CRH PLC | Add +0.4% | 0.10% | +0.00 |
| IGF iShares Global Infrastructur | Add +1.5% | 0.02% | +0.00 |
| XLF SS Financial Select Sector | Add +0.0% | 0.04% | +0.00 |
| IJR iShares Core S&P Small-Cap E | Add +14.1% | 0.01% | +0.00 |
Options Activity Q1 2025 → Q2 2025
| TSLA Tesla Inc. | put | Reduce -0.0% | 7,523,749 | $2.4B |
| TSLA Tesla Inc. | call | Add +82.5% | 7,300,000 | $2.3B |
| BAC Bank of America Corp. | call | Sold out | 200,000 | $8.3Mbefore exit |
| EXAS Exact Sciences Corp. | call | New | 86,668 | $4.6M |
| C Citigroup Inc. | call | Sold out | 40,000 | $2.8Mbefore exit |
| MU Micron Technology Inc. | call | New | 16,080 | $2.0M |
| NVDA Nvidia Corp. | put | Reduce -23.8% | 12,208 | $1.9M |
| GOOG Alphabet Inc. Class C | call | Sold out | 11,800 | $1.8Mbefore exit |
| AAPL Apple Inc. | put | New | 5,879 | $1.2M |
| AMD Advanced Micro Devices | call | Sold out | 8,080 | $830Kbefore exit |
| ADBE Adobe Inc. | call | New | 2,016 | $780K |
| AVGO Broadcom Inc. | put | Sold out | 1,390 | $233Kbefore exit |
| NKE Nike Inc. Class B | put | Sold out | 3,542 | $225Kbefore exit |
| SLB SLB Ltd. | put | New | 6,212 | $210K |
| ADBE Adobe Inc. | put | Sold out | 488 | $187Kbefore exit |
| AMZN Amazon.com Inc. | put | Sold out | 643 | $122Kbefore exit |
| GOOGL Alphabet Inc. Class A | put | Sold out | 721 | $111Kbefore exit |
| FCX Freeport-McMoran Inc. | put | Sold out | 2,594 | $98Kbefore exit |
| AMD Advanced Micro Devices | put | Reduce -64.4% | 498 | $71K |
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 |