Banque Pictet & Cie SA
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 16, 2026), Banque Pictet & Cie SA reported 384 stock positions worth $10.0 billion. Its top holding was Amazon.com (AMZN) at 11.7% of the portfolio, followed by Microsoft (MSFT, 8.2%) and Alphabet Class C (GOOG, 7.5%). Compared with Q3 2025, it opened 34 new positions, sold out of 25, added to 91 and reduced 188. The biggest buy was Microsoft (MSFT, shares +90%) and the biggest sale Alphabet Class C (GOOG, shares −41%).
- Most Recent 13F
- Q2 2026
- Location
- GENEVA 73, V8
- CIK
- 0001535602
- Portfolio Value
- $10.0B (Q4 2025)
- SEC Filing
- 0001535602-26-000001 ↗ filed Jan 16, 2026
Holdings Value
Holdings 384 stocks · $10.0B
| AMZN Amazon.com Inc. | 11.73% | 5,074,958 | $1.2B | Reduce -6.0% |
| MSFT Microsoft Corp. | 8.17% | 1,694,408 | $816.1M | Add +89.6% |
| GOOG Alphabet Inc. Class C | 7.51% | 2,391,589 | $750.5M | Reduce -40.7% |
| GOOGL Alphabet Inc. Class A | 5.32% | 1,697,952 | $531.5M | Reduce -26.9% |
| MA Mastercard Inc. Class A | 4.89% | 855,163 | $488.2M | Reduce -3.9% |
| MCD McDonald's Corp. | 4.44% | 1,451,679 | $443.7M | Reduce -7.3% |
| WM Waste Management Inc. | 3.79% | 1,722,490 | $378.4M | Reduce -6.4% |
| TXN Texas Instruments Inc. | 3.49% | 2,007,963 | $348.4M | Reduce -6.6% |
| MSCI MSCI Inc. | 3.00% | 523,035 | $300.1M | Add +103.3% |
| ZTS Zoetis Inc. | 3.00% | 2,378,772 | $299.3M | Reduce -6.0% |
| NVDA Nvidia Corp. | 2.74% | 1,465,135 | $273.2M | Reduce -1.1% |
| META Meta Platforms Inc. Class A | 2.25% | 340,526 | $224.8M | Reduce -3.2% |
| AAPL Apple Inc. | 1.57% | 575,833 | $156.5M | Add +68.3% |
| V Visa Inc. Class A | 1.34% | 380,438 | $133.4M | Reduce -6.3% |
| AVGO Broadcom Inc. | 1.19% | 344,379 | $119.2M | Add +65.8% |
| TSM Taiwan Semiconductor-SP ADR | 1.14% | 375,758 | $114.1M | Reduce -32.3% |
| WFC Wells Fargo & Co. | 1.04% | 1,115,551 | $104.0M | Reduce -6.4% |
| MRNA Moderna Inc. | 0.92% | 3,130,724 | $92.3M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.90% | 132,053 | $90.0M | Reduce -11.7% |
| ABBV Abbvie Inc. | 0.89% | 388,924 | $88.9M | Add +16.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.88% | 143,257 | $87.6M | Add +19.7% |
| CRM Salesforce Inc. | 0.88% | 330,030 | $87.4M | Reduce -2.1% |
| LLY Eli Lilly & Co. | 0.78% | 72,837 | $78.3M | Reduce -8.7% |
| UNH Unitedhealth Group Inc. | 0.73% | 222,354 | $73.4M | Reduce -11.4% |
| UBS UBS Group AG-Reg | 0.71% | 1,519,854 | $70.9M | Add +16.6% |
| PM Philip Morris International | 0.70% | 438,923 | $70.4M | Reduce -2.8% |
| SYK Stryker Corp. | 0.61% | 172,188 | $60.5M | Add +6.6% |
| MRK Merck & Co. Inc. | 0.59% | 557,062 | $58.6M | Reduce -29.3% |
| AMD Advanced Micro Devices | 0.57% | 264,117 | $56.6M | Reduce -28.0% |
| ETN Eaton Corp. PLC | 0.56% | 177,183 | $56.4M | Reduce -3.6% |
| ORLY O'reilly Automotive Inc. | 0.56% | 611,021 | $55.7M | Add +21.8% |
| TTE Totalenergies SE | 0.53% | 810,126 | $52.9M | Add +11279.8% |
| MRSH Marsh & McLennan Cos | 0.52% | 281,893 | $52.3M | Reduce -6.4% |
| ALC Alcon Inc. filed as ALCON AG | 0.51% | 633,602 | $50.6M | Reduce -2.3% |
| OC Owens Corning | 0.46% | 412,579 | $46.2M | Add +5.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.45% | 817,948 | $45.0M | Reduce -3.5% |
| ROL Rollins Inc. | 0.41% | 676,430 | $40.6M | Reduce -40.3% |
| JNJ Johnson & Johnson | 0.40% | 195,381 | $40.4M | Add +8.1% |
| ADBE Adobe Inc. | 0.40% | 114,708 | $40.1M | Add +6.1% |
| UBER Uber Technologies Inc. | 0.39% | 479,793 | $39.2M | Add +20.9% |
| AIQ Global X Art Intel & Tech | 0.38% | 755,264 | $38.4M | Add +14.1% |
| MU Micron Technology Inc. | 0.38% | 131,801 | $37.6M | Reduce -53.9% |
| MCO Moody's Corp. | 0.38% | 73,484 | $37.5M | Reduce -10.5% |
| BKNG Booking Holdings Inc. | 0.37% | 6,903 | $37.0M | Add +38.9% |
| DE Deere & Co. | 0.36% | 76,867 | $35.8M | Reduce -0.8% |
| NFLX Netflix Inc. | 0.35% | 375,340 | $35.2M | Add +19.0% |
| DHR Danaher Corp. | 0.32% | 140,037 | $32.1M | Add +131.0% |
| WDAY Workday Inc. Class A | 0.32% | 148,760 | $32.0M | Add +107.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.32% | 205,817 | $31.6M | Add +5.8% |
| FCX Freeport-McMoran Inc. | 0.30% | 597,192 | $30.3M | Reduce -3.3% |
| LIN Linde PLC | 0.29% | 67,002 | $28.6M | Reduce -10.2% |
| PEP Pepsico Inc. | 0.28% | 195,626 | $28.1M | Reduce -16.8% |
| GILD Gilead Sciences Inc. | 0.28% | 227,007 | $27.9M | Add +168.8% |
| CVX Chevron Corp. | 0.26% | 170,271 | $26.0M | Add +2.1% |
| BSX Boston Scientific Corp. | 0.26% | 270,871 | $25.8M | Reduce -13.3% |
| DHI D.R. Horton Inc. | 0.25% | 170,452 | $24.6M | Reduce -18.7% |
| CMG Chipotle Mexican Grill Inc. | 0.25% | 662,643 | $24.5M | Reduce -28.3% |
| MELI MercadoLibre Inc. | 0.24% | 11,677 | $23.5M | Add +54.0% |
| TRGP Targa Resources Corp. | 0.23% | 124,220 | $22.9M | New |
| TMO Thermo Fisher Scientific Inc. | 0.22% | 38,532 | $22.3M | Reduce -4.3% |
| CTAS Cintas Corp. | 0.21% | 112,912 | $21.2M | No change |
| EXPE Expedia Group Inc. | 0.21% | 73,479 | $20.8M | Add +13.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.20% | 67,483 | $20.0M | Add +0.2% |
| ISRG Intuitive Surgical Inc. | 0.20% | 34,512 | $19.5M | Reduce -0.3% |
| PG The Procter & Gamble Co. | 0.19% | 132,663 | $19.0M | Reduce -75.5% |
| JPM JPMorgan Chase & Co. | 0.19% | 57,476 | $18.5M | Add +2.7% |
| UNP Union Pacific Corp. | 0.18% | 78,719 | $18.2M | Add +0.1% |
| LRCX Lam Research Corp. | 0.18% | 104,821 | $17.9M | Reduce -33.1% |
| ABT Abbott Laboratories | 0.17% | 139,532 | $17.5M | Reduce -37.3% |
| CQQQ Invesco China Technology ETF | 0.17% | 327,973 | $17.1M | Add +33.3% |
| CME Cme Group Inc. | 0.17% | 60,713 | $16.6M | Reduce -0.1% |
| NEM Newmont Corp. | 0.16% | 164,001 | $16.4M | Reduce -7.3% |
| VERX Vertex Inc. Class A | 0.16% | 818,645 | $16.3M | Reduce -13.3% |
| DG Dollar General Corp. | 0.16% | 123,132 | $16.3M | Add +0.1% |
| SE Sea Ltd.-ADR | 0.16% | 127,401 | $16.3M | Reduce -2.9% |
| ABNB Airbnb Inc. Class A | 0.16% | 114,893 | $15.6M | Reduce -8.7% |
| AMAT Applied Materials Inc. | 0.15% | 59,228 | $15.2M | Add +2.3% |
| MS Morgan Stanley | 0.15% | 84,948 | $15.1M | Reduce -0.3% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.15% | 221,755 | $14.9M | Reduce -3.0% |
| KO The Coca-Cola Co. | 0.15% | 207,702 | $14.5M | Reduce -0.6% |
| QCOM Qualcomm Inc. | 0.15% | 84,890 | $14.5M | Add +265.0% |
| SCHW Schwab (charles) Corp. | 0.14% | 142,731 | $14.3M | Add +0.1% |
| SW Smurfit Westrock PLC | 0.14% | 349,381 | $13.5M | Reduce -7.6% |
| PANW Palo Alto Networks Inc. | 0.13% | 72,894 | $13.4M | Add +5.6% |
| SHV iShares 0-1 Year Treasury Bo | 0.13% | 119,075 | $13.1M | Add +27.8% |
| ADSK Autodesk Inc. | 0.13% | 44,140 | $13.1M | Reduce -7.5% |
| BIIB Biogen Inc. | 0.13% | 71,358 | $12.6M | Reduce -0.4% |
| CRH CRH PLC | 0.12% | 99,541 | $12.4M | Reduce -2.9% |
| ADP Automatic Data Processing | 0.12% | 47,816 | $12.3M | Add +312.0% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.12% | 316,554 | $12.1M | Add +115.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.12% | 16 | $12.1M | Reduce -74.2% |
| AFL Aflac Inc. | 0.12% | 108,736 | $12.0M | Add +0.1% |
| NVR NVR Inc. | 0.12% | 1,631 | $11.9M | Add +4.8% |
| IWM iShares Russell 2000 ETF | 0.12% | 48,271 | $11.9M | Add +5.9% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.12% | 255,505 | $11.9M | Add +10.8% |
| ZM Zoom Communications Inc. | 0.12% | 137,470 | $11.9M | New |
| VRSN Verisign Inc. | 0.12% | 48,365 | $11.8M | Reduce -6.8% |
| AMP Ameriprise Financial Inc. | 0.12% | 23,757 | $11.6M | Add +10.1% |
| ROK Rockwell Automation Inc. | 0.12% | 29,749 | $11.6M | Reduce -8.2% |
| HUM Humana Inc. | 0.11% | 44,346 | $11.4M | Reduce -0.4% |
Options reported separately and not counted above: TSLA calls ($3.7B), TSLA puts ($3.4B), NTR calls ($5.3M), MOS calls ($1.3M), AMZN calls ($1.2M), DKNG puts ($1.2M), ADBE calls ($1.1M), CRM puts ($861K), FCX puts ($726K), AMD puts ($476K), NVDA puts ($396K), NVDA calls ($373K), and 6 more.
Portfolio Sells Q3 2025 → Q4 2025
| GOOG Alphabet Inc. Class C | Reduce -40.7% | 7.51% | −2.35 |
| ZTS Zoetis Inc. | Reduce -6.0% | 3.00% | −0.72 |
| PG The Procter & Gamble Co. | Reduce -75.5% | 0.19% | −0.64 |
| TXN Texas Instruments Inc. | Reduce -6.6% | 3.49% | −0.48 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -32.3% | 1.14% | −0.41 |
| GOOGL Alphabet Inc. Class A | Reduce -26.9% | 5.32% | −0.35 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -74.2% | 0.12% | −0.35 |
| META Meta Platforms Inc. Class A | Reduce -3.2% | 2.25% | −0.34 |
| MCD McDonald's Corp. | Reduce -7.3% | 4.44% | −0.34 |
| WM Waste Management Inc. | Reduce -6.4% | 3.79% | −0.29 |
| ROL Rollins Inc. | Reduce -40.3% | 0.41% | −0.26 |
| MA Mastercard Inc. Class A | Reduce -3.9% | 4.89% | −0.19 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -73.6% | 0.06% | −0.18 |
| AMZN Amazon.com Inc. | Reduce -6.0% | 11.73% | −0.17 |
| EA Electronic Arts Inc. | Reduce -95.9% | 0.01% | −0.17 |
| EOG EOG Resources Inc. | Reduce -64.7% | 0.08% | −0.15 |
| UNH Unitedhealth Group Inc. | Reduce -11.4% | 0.73% | −0.14 |
| NKE Nike Inc. Class B | Reduce -55.2% | 0.09% | −0.13 |
| ETN Eaton Corp. PLC | Reduce -3.6% | 0.56% | −0.13 |
| ABT Abbott Laboratories | Reduce -37.3% | 0.17% | −0.12 |
| CMG Chipotle Mexican Grill Inc. | Reduce -28.3% | 0.25% | −0.12 |
| DHI D.R. Horton Inc. | Reduce -18.7% | 0.25% | −0.11 |
| MAR Marriott International Class A | Sold out | 0.00% | −0.11 |
| MU Micron Technology Inc. | Reduce -53.9% | 0.38% | −0.10 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -11.7% | 0.90% | −0.10 |
| WH Wyndham Hotels & Resorts Inc. | Sold out | 0.00% | −0.09 |
| EXPD Expeditors Intl Wash Inc. | Sold out | 0.00% | −0.09 |
| MRSH Marsh & McLennan Cos | Reduce -6.4% | 0.52% | −0.09 |
| TROW T Rowe Price Group Inc. | Sold out | 0.00% | −0.08 |
| MRK Merck & Co. Inc. | Reduce -29.3% | 0.59% | −0.08 |
| SE Sea Ltd.-ADR | Reduce -2.9% | 0.16% | −0.07 |
| VERX Vertex Inc. Class A | Reduce -13.3% | 0.16% | −0.07 |
| LIN Linde PLC | Reduce -10.2% | 0.29% | −0.07 |
| TGT Target Corp. | Sold out | 0.00% | −0.07 |
| ICE Intercontinental Exchange Inc. | Reduce -47.4% | 0.07% | −0.07 |
| V Visa Inc. Class A | Reduce -6.3% | 1.34% | −0.06 |
| PEP Pepsico Inc. | Reduce -16.8% | 0.28% | −0.05 |
| BSX Boston Scientific Corp. | Reduce -13.3% | 0.26% | −0.05 |
| P Everpure Inc. Class A | Reduce -3.0% | 0.15% | −0.04 |
| NVDA Nvidia Corp. | Reduce -1.1% | 2.74% | −0.04 |
| MNST Monster Beverage Corp. | Sold out | 0.00% | −0.04 |
| PNR Pentair PLC | Sold out | 0.00% | −0.04 |
| KEYS Keysight Technologies Inc. | Sold out | 0.00% | −0.04 |
| TUR iShares MSCI Turkey ETF | Sold out | 0.00% | −0.04 |
| APTV Aptiv PLC | Reduce -56.9% | 0.02% | −0.03 |
| BMRN Biomarin Pharmaceutical Inc. | Sold out | 0.00% | −0.03 |
| LRCX Lam Research Corp. | Reduce -33.1% | 0.18% | −0.03 |
| PM Philip Morris International | Reduce -2.8% | 0.70% | −0.03 |
| AMD Advanced Micro Devices | Reduce -28.0% | 0.57% | −0.03 |
| VRSN Verisign Inc. | Reduce -6.8% | 0.12% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Add +89.6% | 8.17% | +3.54 |
| MSCI MSCI Inc. | Add +103.3% | 3.00% | +1.54 |
| AAPL Apple Inc. | Add +68.3% | 1.57% | +0.69 |
| TTE Totalenergies SE | Add +11279.8% | 0.53% | +0.53 |
| AVGO Broadcom Inc. | Add +65.8% | 1.19% | +0.51 |
| TRGP Targa Resources Corp. | New | 0.23% | +0.23 |
| DHR Danaher Corp. | Add +131.0% | 0.32% | +0.20 |
| GILD Gilead Sciences Inc. | Add +168.8% | 0.28% | +0.18 |
| UBS UBS Group AG-Reg | Add +16.6% | 0.71% | +0.18 |
| QQQ Invesco QQQ Trust Series 1 | Add +19.7% | 0.88% | +0.16 |
| WDAY Workday Inc. Class A | Add +107.7% | 0.32% | +0.15 |
| ZM Zoom Communications Inc. | New | 0.12% | +0.12 |
| ABBV Abbvie Inc. | Add +16.4% | 0.89% | +0.11 |
| QCOM Qualcomm Inc. | Add +265.0% | 0.15% | +0.11 |
| TMUS T-Mobile US Inc. | New | 0.10% | +0.10 |
| BKNG Booking Holdings Inc. | Add +38.9% | 0.37% | +0.10 |
| ADP Automatic Data Processing | Add +312.0% | 0.12% | +0.09 |
| VRTX Vertex Pharmaceuticals Inc. | Add +174.6% | 0.11% | +0.08 |
| SLB SLB Ltd. | Add +115.8% | 0.12% | +0.07 |
| EXPE Expedia Group Inc. | Add +13.5% | 0.21% | +0.07 |
| JNJ Johnson & Johnson | Add +8.1% | 0.40% | +0.07 |
| MELI MercadoLibre Inc. | Add +54.0% | 0.24% | +0.06 |
| AIQ Global X Art Intel & Tech | Add +14.1% | 0.38% | +0.06 |
| EL Estee Lauder Companies Class A | Add +188.0% | 0.07% | +0.05 |
| BX Blackstone Inc. | Add +97.4% | 0.10% | +0.04 |
| C Citigroup Inc. | Add +39.6% | 0.10% | +0.04 |
| PICK iShares MSCI Global Metals & | New | 0.04% | +0.04 |
| WMT Walmart Inc. | Add +92.8% | 0.07% | +0.04 |
| DG Dollar General Corp. | Add +0.1% | 0.16% | +0.04 |
| TJX TJX Companies Inc. | Add +5.8% | 0.32% | +0.03 |
| AMAT Applied Materials Inc. | Add +2.3% | 0.15% | +0.03 |
| APGE Apogee Therapeutics Inc. | New | 0.03% | +0.03 |
| REGN Regeneron Pharmaceuticals | Add +11.7% | 0.09% | +0.03 |
| SHV iShares 0-1 Year Treasury Bo | Add +27.8% | 0.13% | +0.03 |
| CTSH Cognizant Tech Solutions-A | New | 0.03% | +0.03 |
| XBI SS SPDR S&P Biotech ETF | Add +24.1% | 0.08% | +0.03 |
| DXCM Dexcom Inc. | Add +58.2% | 0.07% | +0.03 |
| CQQQ Invesco China Technology ETF | Add +33.3% | 0.17% | +0.03 |
| STE Steris PLC | New | 0.02% | +0.02 |
| OKTA Okta Inc. | New | 0.02% | +0.02 |
| SIL Global X Silver Miners ETF | New | 0.02% | +0.02 |
| ONON On Holding AG Class A | Add +10.8% | 0.12% | +0.02 |
| ABVX Abivax SA-ADR | New | 0.02% | +0.02 |
| INSP Inspire Medical Systems Inc. | Add +797.5% | 0.02% | +0.02 |
| SNOW Snowflake Inc. | Add +178.6% | 0.03% | +0.02 |
| SLNO Soleno Therapeutics Inc. | New | 0.02% | +0.02 |
| ADBE Adobe Inc. | Add +6.1% | 0.40% | +0.02 |
| EWY iShares MSCI South Korea ETF | Add +5.7% | 0.08% | +0.02 |
| B Barrick Mining Corp. | Add +25.8% | 0.04% | +0.02 |
| CI The Cigna Group | Add +40.0% | 0.07% | +0.02 |
Options Activity Q3 2025 → Q4 2025
| TSLA Tesla Inc. | call | Reduce -5.4% | 8,157,500 | $3.7B |
| TSLA Tesla Inc. | put | Add +0.0% | 7,527,353 | $3.4B |
| EXAS Exact Sciences Corp. | call | Sold out | 86,668 | $4.7Mbefore exit |
| MU Micron Technology Inc. | call | Sold out | 16,080 | $2.7Mbefore exit |
| AAPL Apple Inc. | put | Sold out | 10,428 | $2.7Mbefore exit |
| UNH Unitedhealth Group Inc. | put | Sold out | 7,553 | $2.6Mbefore exit |
| DOCU Docusign Inc. | put | Sold out | 22,940 | $1.7Mbefore exit |
| MOS The Mosaic Co. | call | Add +38.5% | 54,000 | $1.3M |
| AMZN Amazon.com Inc. | call | Reduce -51.9% | 5,200 | $1.2M |
| DKNG Draftkings Inc. Class A | put | New | 33,937 | $1.2M |
| ADBE Adobe Inc. | call | New | 3,024 | $1.1M |
| DE Deere & Co. | put | Sold out | 2,000 | $915Kbefore exit |
| CRM Salesforce Inc. | put | Add +645.4% | 3,250 | $861K |
| FCX Freeport-McMoran Inc. | put | New | 14,297 | $726K |
| AMD Advanced Micro Devices | put | New | 2,221 | $476K |
| HD Home Depot Inc. | put | Sold out | 1,000 | $405Kbefore exit |
| NVDA Nvidia Corp. | put | Reduce -72.3% | 2,121 | $396K |
| NVDA Nvidia Corp. | call | Reduce -99.1% | 2,000 | $373K |
| ABNB Airbnb Inc. Class A | call | New | 2,500 | $339K |
| RACE Ferrari NV | put | New | 900 | $337K |
| MOS The Mosaic Co. | put | Sold out | 7,500 | $260Kbefore exit |
| ADBE Adobe Inc. | put | Sold out | 616 | $217Kbefore exit |
| UBER Uber Technologies Inc. | call | New | 2,500 | $204K |
| LLY Eli Lilly & Co. | put | Sold out | 246 | $188Kbefore exit |
| NKE Nike Inc. Class B | put | Reduce -89.8% | 1,845 | $118K |
| PANW Palo Alto Networks Inc. | put | Sold out | 500 | $102Kbefore exit |
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 |