Climber Capital SA

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 23, 2025), Climber Capital SA reported 59 stock positions worth $127.1 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 9.2% of the portfolio, followed by SPDR Gold Shares (GLD, 8.4%) and iShares 0-1 Year Treasury Bo (SHV, 6.3%). Compared with Q4 2024, it opened 11 new positions, sold out of 4, added to 20 and reduced 15. The biggest buy was a new position in Vanguard Short-Term Treasury (VGSH) and the biggest sale Invesco S&P 500 Equal Weight (RSPT, shares −11%).

Most Recent 13F
Q2 2026
Location
NYON, V8
CIK
0002011229
Portfolio Value
$127.1M (Q1 2025)
SEC Filing
0002011229-25-000002 ↗ filed Apr 23, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q4 2024: $121.5M Q4 2024 Q1 2025: $127.1M $127.1M Q1 2025 Q2 2025: $155.9M Q2 2025 Q4 2025: $153.5M Q4 2025 Q1 2026: $152.6M Q1 2026 Q2 2026: $163.5M Q2 2026

Holdings 59 stocks · $127.1M
VOO Vanguard S&P 500 ETF 9.19% 27,260 $11.7M Add +1.5%
GLD SPDR Gold Shares 8.39% 43,708 $10.7M Add +1.9%
SHV iShares 0-1 Year Treasury Bo 6.33% 102,815 $8.0M Add +6.0%
SPSB SS SPDR P St C Corp. ETF 5.59% 273,654 $7.1M Add +6.8%
SDY SS SPDR S&P Dividend ETF 4.08% 46,537 $5.2M Add +20.0%
VGSH Vanguard Short-Term Treasury 3.90% 95,907 $5.0M New
VCSH Vanguard S/T Corp. Bond ETF 3.74% 90,715 $4.8M Add +9.8%
SPTI SS SPDR P Int Term TSY ETF 3.42% 173,532 $4.3M New
RSPT Invesco S&P 500 Equal Weight 3.17% 148,729 $4.0M Reduce -10.7%
VEA Vanguard Ftse Developed ETF 3.08% 88,807 $3.9M Add +15.9%
BIL SS SPDR BB 1-3M T-Bill ETF 3.07% 76,625 $3.9M Add +11.0%
SPY SS SPDR S&P 500 ETF Trust-US 2.89% 7,735 $3.7M No change
QLTA iShares Aaa - A Rated Corpor 2.79% 110,654 $3.5M Reduce -0.5%
VYM Vanguard High DVD Yield ETF 2.76% 33,793 $3.5M Add +5.2%
EZU iShares MSCI Eurozone ETF 2.71% 86,703 $3.4M Reduce -0.6%
SPIB SS SPDR P Int C Corp. ETF 2.68% 117,925 $3.4M New
ITOT iShares Core S&P Total U.S. 2.40% 35,492 $3.1M Add +3.4%
FTGC First Trust Global Tactical 2.36% 145,028 $3.0M Add +4.4%
EWL iShares MSCI Switzerland ETF 2.16% 60,746 $2.7M Add +5.1%
FEZ State Street SPDR Euro Stoxx 2.07% 65,802 $2.6M Add +0.6%
AAPL Apple Inc. 1.64% 11,707 $2.1M Reduce -3.6%
GOOGL Alphabet Inc. Class A 1.52% 13,745 $1.9M Reduce -0.3%
XLP SS Consumer Staples Sel Sect 1.46% 25,805 $1.9M New
RING iShares MSCI Global Gold Min 1.44% 64,585 $1.8M Reduce -0.3%
AAXJ iShares MSCI All Country Asi 1.41% 32,670 $1.8M Reduce -0.0%
VWO Vanguard Ftse Emerging Marke 1.32% 45,060 $1.7M Add +7.1%
IWR iShares Russell Mid-Cap ETF 1.23% 23,192 $1.6M Add +5.3%
TIP iShares Tips Bond ETF 1.01% 13,360 $1.3M New
SPTM SS SPDR P S&P 1500 Comp ETF 0.98% 21,575 $1.2M Reduce -22.3%
PICB Invesco International Corpor 0.92% 57,215 $1.2M No change
IYH iShares U.S. Healthcare ETF 0.84% 26,429 $1.1M Add +6.5%
SCHA Schwab US Small-Cap ETF 0.80% 55,574 $1.0M Add +8.6%
VNQI Vanguard GLBL Ex-US Real Est 0.55% 19,300 $698K New
HDV iShares Core High Dividend E 0.51% 6,500 $649K No change
IXC iShares Global Energy ETF 0.49% 19,628 $626K Add +4.4%
FCAL First Trust California Munic 0.49% 14,635 $621K New
CMF iShares California Muni Bond 0.48% 12,660 $614K New
EWU iShares MSCI United Kingdom 0.46% 18,435 $587K No change
MSFT Microsoft Corp. 0.40% 1,500 $513K No change
IWV iShares Russell 3000 ETF 0.39% 1,835 $493K Reduce -8.9%
FSZ First Trust Switzerland 0.38% 8,140 $485K No change
PG The Procter & Gamble Co. 0.38% 3,200 $477K No change
EWJ iShares MSCI Japan ETF 0.38% 8,117 $477K No change
BRK.B Berkshire Hathaway Inc. Class B 0.36% 973 $454K Reduce -10.1%
MXI iShares Global Materials ETF 0.35% 6,248 $439K New
QQQ Invesco QQQ Trust Series 1 0.30% 940 $379K Reduce -43.8%
EFA iShares MSCI Eafe ETF 0.28% 5,070 $356K No change
PWZ Invesco California Amt-Free 0.26% 16,395 $336K No change
JNJ Johnson & Johnson 0.24% 2,206 $300K Add +5.3%
MA Mastercard Inc. Class A 0.22% 632 $285K Reduce -6.8%
KO The Coca-Cola Co. 0.22% 4,400 $281K Add +9.6%
NVDA Nvidia Corp. 0.21% 2,766 $270K No change
VTEC Vanguard Ca Tax-Ex Bond 0.21% 3,110 $266K New
BKNG Booking Holdings Inc. 0.20% 64 $257K Reduce -15.8%
GOOG Alphabet Inc. Class C 0.19% 1,710 $243K Reduce -6.9%
GMF State Street SPDR S&P Emergi 0.19% 2,505 $243K Reduce -2.7%
MDLZ Mondelez International Inc. Class A 0.18% 3,775 $227K New
CB Chubb Ltd. 0.17% 839 $213K No change
FALN iShares Fallen Angels ETF 0.16% 9,090 $206K No change

Portfolio Sells Q4 2024 → Q1 2025
RSPT Invesco S&P 500 Equal Weight Reduce -10.7% 3.17% −1.72
AAPL Apple Inc. Reduce -3.6% 1.64% −0.86
SPTM SS SPDR P S&P 1500 Comp ETF Reduce -22.3% 0.98% −0.65
GOOGL Alphabet Inc. Class A Reduce -0.3% 1.52% −0.63
QLTA iShares Aaa - A Rated Corpor Reduce -0.5% 2.79% −0.55
QQQ Invesco QQQ Trust Series 1 Reduce -43.8% 0.30% −0.40
ARKK ARK Innovation ETF Sold out 0.00% −0.35
AAXJ iShares MSCI All Country Asi Reduce -0.0% 1.41% −0.29
EZU iShares MSCI Eurozone ETF Reduce -0.6% 2.71% −0.20
AMZN Amazon.com Inc. Sold out 0.00% −0.19
CSCO Cisco Systems Inc. Sold out 0.00% −0.18
V Visa Inc. Class A Sold out 0.00% −0.17
IWV iShares Russell 3000 ETF Reduce -8.9% 0.39% −0.17
BKNG Booking Holdings Inc. Reduce -15.8% 0.20% −0.11
GOOG Alphabet Inc. Class C Reduce -6.9% 0.19% −0.10
MA Mastercard Inc. Class A Reduce -6.8% 0.22% −0.07
GMF State Street SPDR S&P Emergi Reduce -2.7% 0.19% −0.05
BRK.B Berkshire Hathaway Inc. Class B Reduce -10.1% 0.36% −0.05
RING iShares MSCI Global Gold Min Reduce -0.3% 1.44% +0.30

Portfolio Buys Q4 2024 → Q1 2025
VGSH Vanguard Short-Term Treasury New 3.90% +3.90
SPTI SS SPDR P Int Term TSY ETF New 3.42% +3.42
SPIB SS SPDR P Int C Corp. ETF New 2.68% +2.68
XLP SS Consumer Staples Sel Sect New 1.46% +1.46
TIP iShares Tips Bond ETF New 1.01% +1.01
VNQI Vanguard GLBL Ex-US Real Est New 0.55% +0.55
FCAL First Trust California Munic New 0.49% +0.49
CMF iShares California Muni Bond New 0.48% +0.48
GLD SPDR Gold Shares Add +1.9% 8.39% +0.42
MXI iShares Global Materials ETF New 0.35% +0.35
VTEC Vanguard Ca Tax-Ex Bond New 0.21% +0.21
MDLZ Mondelez International Inc. Class A New 0.18% +0.18
VEA Vanguard Ftse Developed ETF Add +15.9% 3.08% +0.06
KO The Coca-Cola Co. Add +9.6% 0.22% +0.02
SDY SS SPDR S&P Dividend ETF Add +20.0% 4.08% +0.00
JNJ Johnson & Johnson Add +5.3% 0.24% −0.01
EWL iShares MSCI Switzerland ETF Add +5.1% 2.16% −0.03
IYH iShares U.S. Healthcare ETF Add +6.5% 0.84% −0.09
IXC iShares Global Energy ETF Add +4.4% 0.49% −0.10
FEZ State Street SPDR Euro Stoxx Add +0.6% 2.07% −0.14
VWO Vanguard Ftse Emerging Marke Add +7.1% 1.32% −0.16
VCSH Vanguard S/T Corp. Bond ETF Add +9.8% 3.74% −0.16
SCHA Schwab US Small-Cap ETF Add +8.6% 0.80% −0.23
IWR iShares Russell Mid-Cap ETF Add +5.3% 1.23% −0.28
FTGC First Trust Global Tactical Add +4.4% 2.36% −0.30
BIL SS SPDR BB 1-3M T-Bill ETF Add +11.0% 3.07% −0.41
VYM Vanguard High DVD Yield ETF Add +5.2% 2.76% −0.48
ITOT iShares Core S&P Total U.S. Add +3.4% 2.40% −0.60
SPSB SS SPDR P St C Corp. ETF Add +6.8% 5.59% −0.61
SHV iShares 0-1 Year Treasury Bo Add +6.0% 6.33% −1.05
VOO Vanguard S&P 500 ETF Add +1.5% 9.19% −2.48

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 64$163.5MVOO, GLD, SPSB, SHV, VEA
Q1 2026 69$152.6MGLD, VOO, SHV, SPSB, VCSH
Q4 2025 58$153.5MVOO, GLD, SPSB, SHV, SDY
Q2 2025 66$155.9MVOO, GLD, SHV, SPSB, SDY
Q1 2025 59$127.1MVOO, GLD, SHV, SPSB, SDY
Q4 2024 52$121.5MVOO, GLD, SHV, SPSB, RSPT