Banque Pictet & Cie SA

Name: BANQUE PICTET & CIE SA 13F holdings, Q4 2025
Creator: BANQUE PICTET & CIE SA
Published: 2026-01-16

Q2 2026Q1 2026Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

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%
EEM iShares MSCI Emerging Market	0.11%	206,479	$11.3M	Reduce -4.3%
CL Colgate-Palmolive Co.	0.11%	139,792	$11.0M	Add +0.0%
VRTX Vertex Pharmaceuticals Inc.	0.11%	24,328	$11.0M	Add +174.6%
PKG Packaging Corp. of America	0.11%	53,418	$11.0M	Add +0.1%
HOOD Robinhood Markets Inc. Class A	0.11%	95,446	$10.8M	Add +3.5%
HON Honeywell International Inc.	0.11%	55,214	$10.8M	Add +0.1%
WYNN WYNN Resorts Ltd.	0.11%	88,438	$10.6M	Add +0.2%
LOW Lowe's Cos Inc.	0.10%	43,292	$10.4M	Add +0.1%
C Citigroup Inc.	0.10%	88,717	$10.4M	Add +39.6%
SOPH Sophia Genetics SA	0.10%	2,208,280	$10.3M	No change
ELV Elevance Health Inc.	0.10%	29,306	$10.3M	Reduce -0.4%
TMUS T-Mobile US Inc.	0.10%	50,188	$10.2M	New
BX Blackstone Inc.	0.10%	65,745	$10.1M	Add +97.4%
SPGI S&P Global Inc.	0.10%	18,477	$9.7M	Add +1.3%
PYPL PayPal Holdings Inc.	0.10%	163,214	$9.5M	Add +12.6%
PINS Pinterest Inc. Class A	0.09%	362,539	$9.4M	Add +1.4%
EWT iShares MSCI Taiwan ETF	0.09%	144,222	$9.2M	No change
REGN Regeneron Pharmaceuticals	0.09%	11,822	$9.1M	Add +11.7%
NKE Nike Inc. Class B	0.09%	136,693	$8.7M	Reduce -55.2%
EW Edwards Lifesciences Corp.	0.09%	100,911	$8.6M	Add +1.3%
HDB HDFC Bank Ltd.-ADR	0.08%	228,910	$8.4M	Reduce -15.3%
EPOL iShares MSCI Poland ETF	0.08%	234,770	$8.3M	Reduce -2.2%
EWY iShares MSCI South Korea ETF	0.08%	84,769	$8.2M	Add +5.7%
ILF iShares Latin America 40 ETF	0.08%	270,000	$8.2M	No change
XBI SS SPDR S&P Biotech ETF	0.08%	64,877	$7.9M	Add +24.1%
EOG EOG Resources Inc.	0.08%	72,499	$7.6M	Reduce -64.7%
ETSY Etsy Inc.	0.08%	137,167	$7.6M	Reduce -0.5%
WMT Walmart Inc.	0.07%	66,147	$7.4M	Add +92.8%
DXCM Dexcom Inc.	0.07%	109,823	$7.3M	Add +58.2%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC	0.07%	69,064	$7.2M	Add +188.0%
CSCO Cisco Systems Inc.	0.07%	94,174	$7.2M	Reduce -18.1%
GDX Vaneck Gold Miners ETF	0.07%	83,500	$7.2M	Add +13.9%
GS Goldman Sachs Group Inc.	0.07%	7,994	$7.0M	Reduce -27.8%
CI The Cigna Group	0.07%	25,216	$6.9M	Add +40.0%
ACN Accenture PLC Class A	0.07%	25,705	$6.9M	Reduce -10.0%
IVV iShares Core S&P 500 ETF	0.07%	9,992	$6.8M	Add +16.0%
ICE Intercontinental Exchange Inc.	0.07%	41,160	$6.7M	Reduce -47.4%
COST Costco Wholesale Corp.	0.07%	7,662	$6.6M	Reduce -5.5%
BRK.B Berkshire Hathaway Inc. Class B	0.06%	12,467	$6.3M	Reduce -73.6%
AMRZ Amrize Ltd.	0.06%	101,732	$5.6M	Reduce -20.6%
INDA iShares MSCI India ETF	0.06%	102,374	$5.5M	No change
GE General Electric filed as GE AEROSPACE	0.06%	17,852	$5.5M	Add +4.0%
GLD SPDR Gold Shares	0.05%	13,825	$5.5M	Add +3.1%
EWZ iShares MSCI Brazil ETF	0.05%	171,115	$5.4M	No change
ASX Ase Technology Holding -ADR	0.05%	328,446	$5.3M	Reduce -1.8%
GLW Corning Inc.	0.05%	60,000	$5.3M	Reduce -20.0%
ECH iShares MSCI Chile ETF	0.05%	125,000	$5.0M	No change
ITA iShares U.S. Aerospace & Def	0.05%	23,535	$5.0M	No change
TSLA Tesla Inc.	0.05%	11,137	$5.0M	Reduce -6.0%
URTH iShares MSCI World ETF	0.05%	26,368	$4.9M	Reduce -6.9%
IRTC Irhythm Holdings Inc.	0.05%	27,111	$4.8M	Reduce -5.1%
EXAS Exact Sciences Corp.	0.05%	45,415	$4.6M	Reduce -58.9%
XOM Exxon Mobil Corp.	0.05%	37,700	$4.5M	Add +4.1%
OTIS Otis Worldwide Corp.	0.05%	51,657	$4.5M	Reduce -11.1%
B Barrick Mining Corp.	0.04%	102,500	$4.5M	Add +25.8%
EWH iShares MSCI Hong Kong ETF	0.04%	208,813	$4.4M	No change
NVO Novo-Nordisk A/S-Spons ADR	0.04%	86,648	$4.4M	Add +68.2%
ASML ASML Holding NV-NY Reg SHS	0.04%	4,012	$4.3M	Reduce -17.0%
BABA Alibaba Group Holding-SP ADR	0.04%	29,000	$4.3M	No change
GPCR Structure Therapeutics Inc.	0.04%	59,881	$4.2M	Reduce -6.7%
QGEN Qiagen N.V.	0.04%	85,534	$3.9M	Reduce -0.1%
HPQ HP Inc.	0.04%	174,854	$3.9M	No change
XLF SS Financial Select Sector	0.04%	70,642	$3.9M	Add +2.2%
PICK iShares MSCI Global Metals &	0.04%	74,654	$3.8M	New
LYB Lyondellbasell Indu Class A	0.04%	86,858	$3.8M	Reduce -0.6%
PWR Quanta Services Inc.	0.04%	8,540	$3.6M	No change
DUK Duke Energy Corp.	0.04%	30,000	$3.5M	Reduce -1.3%
EWJ iShares MSCI Japan ETF	0.03%	42,466	$3.4M	Reduce -6.8%
AXP American Express Co.	0.03%	9,141	$3.4M	Reduce -30.3%
PCVX Vaxcyte Inc.	0.03%	71,815	$3.3M	Reduce -4.1%
SNOW Snowflake Inc.	0.03%	14,740	$3.2M	Add +178.6%
IBN Icici Bank Ltd.-Spon ADR	0.03%	107,487	$3.2M	Reduce -8.0%
YUMC Yum China Holdings Inc.	0.03%	67,350	$3.2M	Reduce -22.3%
APGE Apogee Therapeutics Inc.	0.03%	41,800	$3.2M	New
KRE SS SPDR S&P Regional Bank	0.03%	46,867	$3.0M	Add +1.2%
ARE Alexandria Real Estate Equit	0.03%	61,206	$3.0M	No change
AIRR First Trust Rba American Ind	0.03%	30,000	$2.9M	Add +20.0%
INFY Infosys Ltd.-SP ADR	0.03%	164,821	$2.9M	Reduce -24.8%
RGEN Repligen Corp.	0.03%	17,910	$2.9M	Reduce -3.2%
IMVT Immunovant Inc.	0.03%	114,881	$2.9M	Add +0.9%
PH Parker Hannifin Corp.	0.03%	3,275	$2.9M	Reduce -9.3%
FFIV F5 Inc.	0.03%	11,216	$2.9M	Reduce -9.6%
ECL Ecolab Inc.	0.03%	10,596	$2.8M	Reduce -18.0%
CTSH Cognizant Tech Solutions-A	0.03%	33,342	$2.8M	New
ORCL Oracle Corp.	0.03%	13,809	$2.7M	Add +22.2%
IGF iShares Global Infrastructur	0.03%	43,271	$2.7M	Add +43.1%
INTU Intuit Inc.	0.03%	4,001	$2.7M	Reduce -30.3%
BIDU Baidu Inc. - Spon ADR	0.03%	20,000	$2.6M	No change
MDLZ Mondelez International Inc. Class A	0.03%	47,650	$2.6M	Reduce -38.7%
STE Steris PLC	0.02%	9,782	$2.5M	New
ICLR Icon PLC	0.02%	13,491	$2.5M	Reduce -3.0%
GMED Globus Medical Inc. Class A	0.02%	28,121	$2.5M	Reduce -34.5%
OKTA Okta Inc.	0.02%	27,865	$2.4M	New
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC	0.02%	31,115	$2.4M	Reduce -10.4%
NTAP Netapp Inc.	0.02%	22,143	$2.4M	Reduce -30.3%
RMD Resmed Inc.	0.02%	9,829	$2.4M	Reduce -30.0%
RACE Ferrari NV	0.02%	6,315	$2.4M	Reduce -16.0%
GRAB Grab Holdings Ltd. Class A	0.02%	465,681	$2.3M	Add +20.9%
SNA Snap-on Inc.	0.02%	6,630	$2.3M	Reduce -30.3%
INSP Inspire Medical Systems Inc.	0.02%	24,474	$2.3M	Add +797.5%
UTHR United Therapeutics Corp.	0.02%	4,628	$2.3M	Reduce -3.1%
QBTS D-Wave Quantum Inc.	0.02%	85,000	$2.2M	No change
RGTI Rigetti Computing Inc.	0.02%	100,000	$2.2M	No change
BMY Bristol-Myers Squibb Co.	0.02%	40,456	$2.2M	Reduce -3.2%
SIL Global X Silver Miners ETF	0.02%	26,000	$2.2M	New
CPRT Copart Inc.	0.02%	55,448	$2.2M	Reduce -7.0%
MMYT Makemytrip Ltd.	0.02%	26,342	$2.2M	Reduce -16.0%
TNDM Tandem Diabetes Care Inc.	0.02%	97,187	$2.1M	Add +29.6%
LE Lands' End Inc.	0.02%	143,405	$2.1M	No change
ABVX Abivax SA-ADR	0.02%	15,348	$2.1M	New
BNTX Biontech SE-ADR	0.02%	21,735	$2.1M	Add +12.6%
SLNO Soleno Therapeutics Inc.	0.02%	43,796	$2.0M	New
APTV Aptiv PLC	0.02%	26,475	$2.0M	Reduce -56.9%
ETR Entergy Corp.	0.02%	21,754	$2.0M	No change
PHYS Sprott Physical Gold Trust	0.02%	60,182	$2.0M	No change
DPZ Domino's Pizza Inc.	0.02%	4,529	$1.9M	Reduce -30.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.02%	15,919	$1.8M	Reduce -0.0%
EWW iShares MSCI Mexico ETF	0.02%	25,000	$1.7M	No change
PYLD PIMCO Multisector Bond Actv	0.02%	64,920	$1.7M	No change
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE	0.02%	25,000	$1.7M	Add +25.0%
CG The Carlyle Group Inc.	0.02%	28,700	$1.7M	No change
DB Deutsche Bank AG-Registered	0.02%	43,500	$1.7M	Reduce -12.1%
SIHY Harbor Ares Systemt Hi YD-US	0.02%	36,900	$1.7M	Reduce -3.2%
JAAA Janus Henderson Aaa Clo ETF	0.02%	32,860	$1.7M	No change
FSLR First Solar Inc.	0.02%	6,232	$1.6M	Reduce -24.3%
DECK Deckers Outdoor Corp.	0.02%	15,272	$1.6M	Reduce -30.3%
RCL Royal Caribbean Cruises Ltd.	0.02%	5,600	$1.6M	New
CYBR Cyberark Software Ltd./Israel	0.02%	3,490	$1.6M	Reduce -12.5%
HAL Halliburton Co.	0.02%	54,768	$1.5M	Reduce -0.1%
NVT Nvent Electric PLC	0.02%	14,769	$1.5M	Reduce -6.3%
RAMP Liveramp Holdings Inc.	0.01%	51,000	$1.5M	No change
EIDO iShares MSCI Indonesia ETF	0.01%	80,000	$1.5M	No change
IDXX Idexx Laboratories Inc.	0.01%	2,200	$1.5M	No change
INDY iShares India 50 ETF	0.01%	30,000	$1.5M	No change
EWM iShares MSCI Malaysia ETF	0.01%	54,000	$1.5M	No change
JMBS Janus Henderson Mortg Backed	0.01%	31,860	$1.5M	Add +2.2%
IONQ Ionq Inc.	0.01%	30,000	$1.3M	No change
URI United Rentals Inc.	0.01%	1,635	$1.3M	No change
HD Home Depot Inc.	0.01%	3,837	$1.3M	Add +9.6%
SPOT Spotify Technology SA	0.01%	2,200	$1.3M	No change
LOGI Logitech International-Reg	0.01%	12,330	$1.3M	Add +10.2%
OIH Vaneck Oil Services ETF	0.01%	4,434	$1.3M	No change
IYH iShares U.S. Healthcare ETF	0.01%	19,088	$1.2M	New
VKTX Viking Therapeutics Inc.	0.01%	35,026	$1.2M	Add +281.7%
AVIR Atea Pharmaceuticals Inc.	0.01%	345,077	$1.2M	No change
EPHE iShares MSCI Philippines ETF	0.01%	48,000	$1.2M	No change
AME Ametek Inc.	0.01%	5,730	$1.2M	Reduce -22.1%
IBIT iShares Bitcoin Trust ETF	0.01%	23,600	$1.2M	New
XLP SS Consumer Staples Sel Sect	0.01%	13,610	$1.1M	No change
AAXJ iShares MSCI All Country Asi	0.01%	10,851	$1.0M	Add +2.2%
STZ Constellation Brands Inc. Class A	0.01%	7,060	$974K	No change
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE	0.01%	21,469	$937K	No change
CSGP Costar Group Inc.	0.01%	13,550	$911K	Reduce -54.8%
RSP Invesco S&P 500 Equal Weight	0.01%	4,755	$911K	Reduce -33.1%
XLK SS Technology Select Sector	0.01%	6,280	$904K	No change
TW Tradeweb Markets Inc. Class A	0.01%	8,342	$897K	Reduce -19.0%
XHB SS SPDR S&P Homebldrs ETF	0.01%	8,635	$889K	No change
JEF Jefferies Financial Group Inc.	0.01%	13,763	$853K	Reduce -19.0%
EVR Evercore Inc. Class A	0.01%	2,357	$802K	Reduce -19.0%
ARQQ Arqit Quantum Inc.	0.01%	36,000	$788K	No change
TIP iShares Tips Bond ETF	0.01%	7,050	$775K	No change
MCHI iShares MSCI China ETF	0.01%	12,600	$757K	No change
QUBT Quantum Computing Inc.	0.01%	72,000	$739K	No change
MICC The Magnum Ice Cream Co. NV	0.01%	45,584	$729K	New
SANM Sanmina Corp.	0.01%	4,849	$728K	Reduce -19.1%
EA Electronic Arts Inc.	0.01%	3,540	$723K	Reduce -95.9%
MTCH Match Group Inc.	0.01%	22,000	$710K	No change
VIS Vanguard Industrials ETF	0.01%	2,280	$680K	Add +14.3%
LAZ Lazard Inc.	0.01%	13,421	$652K	Reduce -19.0%
FRO Frontline PLC	0.01%	29,640	$647K	No change
RGLD Royal Gold Inc.	0.01%	2,889	$642K	Reduce -19.1%
BLK BlackRock Inc.	0.01%	590	$632K	No change
CDNS Cadence Design SYS Inc.	0.01%	1,900	$594K	No change
FROG Jfrog Ltd.	0.01%	9,229	$576K	Reduce -19.0%
PODD Insulet Corp.	0.01%	1,979	$563K	Reduce -21.9%
POOL Pool Corp.	0.01%	2,450	$560K	No change
PSMT Pricesmart Inc.	0.01%	4,562	$560K	Reduce -19.0%
MDB Mongodb Inc.	0.01%	1,313	$551K	No change
CTRE Caretrust REIT Inc.	0.01%	14,657	$530K	Reduce -19.0%
LQD Ishr Ibx Usd Invgd CB ETF-Ui	0.01%	4,788	$528K	Reduce -28.4%
IEF iShares 7-10 Year Treasury B	0.01%	5,456	$525K	Reduce -10.2%
IEI iShares 3-7 Year Treasury Bo	0.01%	4,324	$516K	Reduce -22.4%
IJR iShares Core S&P Small-Cap E	0.01%	4,249	$511K	Reduce -19.1%
ECG Everus Construction Group	0.01%	5,878	$503K	Reduce -19.0%
NOW ServiceNow Inc.	0.00%	3,197	$490K	Add +18.9%
VST Vistra Corp.	0.00%	3,000	$484K	Reduce -16.7%
CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT	0.00%	16,318	$482K	No change
XYZ Block Inc.	0.00%	7,400	$482K	No change
EXEL Exelixis Inc.	0.00%	10,966	$481K	Reduce -19.0%
MSGS Madison Square Garden Sports	0.00%	1,810	$468K	Reduce -19.1%
SHG Shinhan Financial Group-ADR	0.00%	8,645	$464K	New
SHOP Shopify Inc. Class A	0.00%	2,878	$463K	No change
PIPR Piper Sandler Cos	0.00%	1,357	$461K	Reduce -19.0%
CVCO Cavco Industries Inc.	0.00%	775	$458K	Reduce -19.1%
STC Stewart Information Services	0.00%	6,500	$457K	Reduce -19.0%
RIVN Rivian Automotive Inc. Class A	0.00%	22,991	$453K	No change
SOXX iShares Semiconductor ETF	0.00%	1,500	$452K	Reduce -46.4%
COCO The Vita Coco Co. Inc.	0.00%	8,464	$449K	Reduce -19.0%
VCSH Vanguard S/T Corp. Bond ETF	0.00%	5,595	$446K	Reduce -27.6%
ALNY Alnylam Pharmaceuticals Inc.	0.00%	1,120	$445K	Reduce -19.1%
POWL Powell Industries Inc.	0.00%	1,382	$441K	Reduce -19.0%
MTZ Mastec Inc.	0.00%	2,007	$436K	Reduce -19.0%
SRG Seritage Growth Prop- A	0.00%	132,684	$431K	No change
RDDT Reddit Inc. Class A	0.00%	1,871	$430K	No change
KLAC KLA Corp.	0.00%	345	$419K	New
CRWD CrowdStrike Holdings Inc. Class A	0.00%	892	$418K	No change
CARG Cargurus Inc.	0.00%	10,765	$413K	Reduce -19.0%
CPRX Catalyst Pharmaceuticals Inc.	0.00%	17,429	$407K	Reduce -19.0%
EFA iShares MSCI Eafe ETF	0.00%	4,236	$407K	New
SBUX Starbucks Corp.	0.00%	4,850	$407K	Reduce -69.4%
EYE National Vision Holdings Inc.	0.00%	15,640	$404K	Reduce -19.1%
CAKE The Cheesecake Factory Inc.	0.00%	7,970	$402K	Reduce -19.1%
RNST Renasant Corp.	0.00%	11,376	$401K	Reduce -19.0%
EAT Brinker International Inc.	0.00%	2,769	$397K	Reduce -19.1%
CWT California Water Service Grp	0.00%	9,152	$397K	Reduce -19.0%
PATH Uipath Inc. Class A	0.00%	24,064	$394K	No change
CYTK Cytokinetics Inc.	0.00%	6,184	$393K	Reduce -19.1%
COF Capital One Financial Corp.	0.00%	1,602	$388K	Reduce -19.1%
VGT Vanguard Info Tech ETF	0.00%	515	$388K	New
PTCT PTC Therapeutics Inc.	0.00%	5,057	$384K	Reduce -19.0%
AUB Atlantic Union Bankshares Co.	0.00%	10,849	$383K	Reduce -19.0%
ZS Zscaler Inc.	0.00%	1,693	$381K	No change
HUBG Hub Group Inc. Class A	0.00%	8,858	$377K	Reduce -19.1%
CBOE Cboe Global Markets Inc.	0.00%	1,500	$377K	Reduce -19.1%
SHY iShares 1-3 Year Treasury Bo	0.00%	4,528	$375K	Reduce -17.1%
LMT Lockheed Martin Corp.	0.00%	775	$375K	New
APPF Appfolio Inc. Class A	0.00%	1,596	$371K	Reduce -19.1%
PEN Penumbra Inc.	0.00%	1,170	$364K	Reduce -19.1%
JCI Johnson Controls Internation	0.00%	3,000	$359K	No change
INDB Independent Bank Corp.	0.00%	4,732	$346K	Reduce -19.1%
CSX CSX Corp.	0.00%	9,510	$345K	Reduce -18.7%
MATX Matson Inc.	0.00%	2,782	$344K	Reduce -19.0%
GSAT Globalstar Inc.	0.00%	5,473	$334K	New
ACLX Arcellx Inc.	0.00%	5,109	$333K	New
TRUP Trupanion Inc.	0.00%	8,891	$332K	Reduce -19.0%
STRA Strategic Education Inc.	0.00%	4,130	$331K	Reduce -19.0%
MKTX Marketaxess Holdings Inc.	0.00%	1,820	$330K	Add +10.6%
TECK Teck Resources Ltd.-CLS B	0.00%	6,842	$328K	Reduce -19.0%
LEGN Legend Biotech Corp.-ADR	0.00%	14,502	$315K	New
TEAM Atlassian Corp. Class A	0.00%	1,922	$312K	Add +1.6%
PLD Prologis Inc.	0.00%	2,410	$308K	No change
KKR KKR & Co. Inc.	0.00%	2,400	$306K	No change
YELP Yelp Inc.	0.00%	10,013	$304K	Reduce -19.0%
ARCB Arcbest Corp.	0.00%	4,010	$298K	Reduce -19.0%
TGTX TG Therapeutics Inc.	0.00%	9,915	$296K	Reduce -19.0%
ALK Alaska Air Group Inc.	0.00%	5,824	$293K	Reduce -19.0%
CALM Cal-Maine Foods Inc.	0.00%	3,619	$288K	Reduce -19.0%
IAT iShares US Regional Banks Et	0.00%	5,213	$287K	Reduce -85.9%
EQIX Equinix Inc.	0.00%	375	$287K	No change
ALGM Allegro Microsystems Inc.	0.00%	10,770	$284K	Reduce -19.0%
AKAM Akamai Technologies Inc.	0.00%	3,224	$281K	Reduce -19.1%
CBU Community Financial System I	0.00%	4,848	$278K	Reduce -19.1%
JBL Jabil Inc.	0.00%	1,211	$276K	New
AMBA Ambarella Inc.	0.00%	3,876	$275K	Reduce -19.1%
MLYS Mineralys Therapeutics Inc.	0.00%	7,486	$272K	New
DBX Dropbox Inc. Class A	0.00%	9,756	$271K	Reduce -19.0%
BLMN Bloomin' Brands Inc.	0.00%	43,658	$269K	Add +37.3%
COPX Global X Copper Miners ETF	0.00%	3,750	$269K	No change
FLEX Flex Ltd.	0.00%	4,431	$268K	New
PZZA Papa John's Intl Inc.	0.00%	6,945	$267K	Reduce -19.1%
AXON Axon Enterprise Inc.	0.00%	470	$267K	New
CRTO Criteo SA-Spon	0.00%	12,938	$267K	Reduce -19.0%
FTI Technipfmc PLC	0.00%	5,980	$266K	No change
IR Ingersoll-Rand Inc.	0.00%	3,300	$261K	Reduce -21.4%
LHX L3HARRIS Technologies Inc.	0.00%	888	$261K	New
HII Huntington Ingalls Industrie	0.00%	765	$260K	New
GTLB Gitlab Inc. Class A	0.00%	6,920	$260K	Add +11.2%
SHAK Shake Shack Inc. Class A	0.00%	3,184	$258K	Reduce -19.0%
PFE Pfizer Inc.	0.00%	10,350	$258K	No change
NOC Northrop Grumman Corp.	0.00%	448	$255K	New
ACM Aecom	0.00%	2,663	$254K	Reduce -19.0%
COTY Coty Inc. Class A	0.00%	80,474	$248K	Reduce -18.8%
DT Dynatrace Inc.	0.00%	5,631	$244K	No change
BSY Bentley Systems Inc. Class B	0.00%	6,368	$243K	Reduce -19.1%
LW Lamb Weston Holdings Inc.	0.00%	5,648	$237K	Reduce -19.1%
CSIQ Canadian Solar Inc.	0.00%	9,844	$234K	New
CAT Caterpillar Inc.	0.00%	400	$229K	New
AGG iShares Core U.S. Aggregate	0.00%	2,261	$226K	No change
CW Curtiss-Wright Corp.	0.00%	394	$217K	New
HAPN Happen Inc. filed as LENDINGCLUB CORP	0.00%	11,464	$217K	New
EQT Eqt Corp.	0.00%	3,850	$206K	No change
STLA Stellantis NV	0.00%	16,653	$185K	No change
LCID Lucid Group Inc.	0.00%	10,135	$107K	Reduce -52.0%
XPL Solitario Resources Corp.	0.00%	100,000	$70K	No change

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