Climber Capital SA

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 6, 2025), Climber Capital SA reported 66 stock positions worth $155.9 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 9.7% of the portfolio, followed by SPDR Gold Shares (GLD, 7.9%) and iShares 0-1 Year Treasury Bo (SHV, 5.7%). Compared with Q1 2025, it opened 7 new positions, added to 15 and reduced 16. The biggest buy was Invesco S&P 500 Equal Weight (RSPT, shares +1%) and the biggest sale iShares 0-1 Year Treasury Bo (SHV, shares −2%).

Most Recent 13F
Q2 2026
Location
NYON, V8
CIK
0002011229
Portfolio Value
$155.9M (Q2 2025)
SEC Filing
0002011229-25-000003 ↗ filed Aug 6, 2025

Holdings Value

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

Holdings 66 stocks · $155.9M
VOO Vanguard S&P 500 ETF 9.68% 27,225 $15.1M Reduce -0.1%
GLD SPDR Gold Shares 7.89% 43,444 $12.3M Reduce -0.6%
SHV iShares 0-1 Year Treasury Bo 5.65% 100,295 $8.8M Reduce -2.5%
SPSB SS SPDR P St C Corp. ETF 5.32% 279,794 $8.3M Add +2.2%
SDY SS SPDR S&P Dividend ETF 3.92% 46,537 $6.1M No change
VCSH Vanguard S/T Corp. Bond ETF 3.84% 97,505 $6.0M Add +7.5%
RSPT Invesco S&P 500 Equal Weight 3.70% 149,694 $5.8M Add +0.7%
VGSH Vanguard Short-Term Treasury 3.64% 96,962 $5.7M Add +1.1%
VEA Vanguard Ftse Developed ETF 3.23% 88,807 $5.0M No change
SPTI SS SPDR P Int Term TSY ETF 3.20% 174,337 $5.0M Add +0.5%
SPY SS SPDR S&P 500 ETF Trust-US 3.04% 7,708 $4.7M Reduce -0.3%
QLTA iShares Aaa - A Rated Corpor 2.89% 119,284 $4.5M Add +7.8%
EZU iShares MSCI Eurozone ETF 2.86% 87,703 $4.5M Add +1.1%
VYM Vanguard High DVD Yield ETF 2.77% 33,793 $4.3M No change
BIL SS SPDR BB 1-3M T-Bill ETF 2.66% 73,760 $4.2M Reduce -3.7%
SPIB SS SPDR P Int C Corp. ETF 2.63% 122,735 $4.1M Add +4.1%
ITOT iShares Core S&P Total U.S. 2.52% 35,252 $3.9M Reduce -0.7%
FTGC First Trust Global Tactical 2.22% 144,878 $3.5M Reduce -0.1%
EWL iShares MSCI Switzerland ETF 2.14% 61,151 $3.3M Add +0.7%
FEZ State Street SPDR Euro Stoxx 2.14% 65,802 $3.3M No change
GOOGL Alphabet Inc. Class A 1.54% 13,703 $2.4M Reduce -0.3%
AAXJ iShares MSCI All Country Asi 1.50% 32,670 $2.3M No change
VWO Vanguard Ftse Emerging Marke 1.38% 45,060 $2.2M No change
XLP SS Consumer Staples Sel Sect 1.38% 26,693 $2.1M Add +3.4%
RING iShares MSCI Global Gold Min 1.36% 64,065 $2.1M Reduce -0.8%
IWR iShares Russell Mid-Cap ETF 1.29% 23,192 $2.0M No change
AAPL Apple Inc. 1.21% 9,232 $1.9M Reduce -21.1%
TIP iShares Tips Bond ETF 1.06% 15,180 $1.7M Add +13.6%
SPTM SS SPDR P S&P 1500 Comp ETF 1.03% 21,575 $1.6M No change
PICB Invesco International Corpor 0.88% 57,215 $1.4M No change
SCHA Schwab US Small-Cap ETF 0.85% 55,574 $1.3M No change
IYH iShares U.S. Healthcare ETF 0.76% 26,429 $1.2M No change
VNQI Vanguard GLBL Ex-US Real Est 0.57% 19,300 $886K No change
IXC iShares Global Energy ETF 0.54% 21,498 $838K Add +9.5%
HDV iShares Core High Dividend E 0.49% 6,500 $757K No change
MSFT Microsoft Corp. 0.48% 1,504 $744K Add +0.3%
EWU iShares MSCI United Kingdom 0.47% 18,435 $728K No change
CMF iShares California Muni Bond 0.45% 12,660 $702K No change
FCAL First Trust California Munic 0.45% 14,635 $698K No change
QQQ Invesco QQQ Trust Series 1 0.43% 1,215 $667K Add +29.3%
IWV iShares Russell 3000 ETF 0.41% 1,835 $641K No change
FSZ First Trust Switzerland 0.40% 8,140 $619K No change
EWJ iShares MSCI Japan ETF 0.39% 8,117 $606K No change
MXI iShares Global Materials ETF 0.34% 6,248 $532K No change
PG The Procter & Gamble Co. 0.33% 3,200 $507K No change
EFA iShares MSCI Eafe ETF 0.29% 5,070 $451K No change
NVDA Nvidia Corp. 0.28% 2,766 $435K No change
BRK.B Berkshire Hathaway Inc. Class B 0.27% 878 $424K Reduce -9.8%
PWZ Invesco California Amt-Free 0.24% 16,395 $381K No change
BKNG Booking Holdings Inc. 0.24% 64 $368K No change
JNJ Johnson & Johnson 0.24% 2,420 $368K Add +9.7%
GMF State Street SPDR S&P Emergi 0.20% 2,460 $309K Reduce -1.8%
VTEC Vanguard Ca Tax-Ex Bond 0.19% 3,110 $302K No change
MA Mastercard Inc. Class A 0.19% 534 $298K Reduce -15.5%
KO The Coca-Cola Co. 0.19% 4,187 $295K Reduce -4.8%
GOOG Alphabet Inc. Class C 0.19% 1,662 $293K Reduce -2.8%
QEMM State Street SPDR MSCI Emerg 0.18% 4,470 $280K New
MDLZ Mondelez International Inc. Class A 0.16% 3,775 $253K No change
CSCO Cisco Systems Inc. 0.16% 3,655 $252K New
FALN iShares Fallen Angels ETF 0.16% 9,090 $245K No change
CVX Chevron Corp. 0.15% 1,696 $242K New
AMZN Amazon.com Inc. 0.15% 1,101 $240K New
UNH Unitedhealth Group Inc. 0.15% 767 $238K New
V Visa Inc. Class A 0.15% 655 $231K New
CB Chubb Ltd. 0.15% 789 $227K Reduce -6.0%
ALC Alcon Inc. filed as ALCON AG 0.13% 2,337 $206K New

Portfolio Sells Q1 2025 → Q2 2025
SHV iShares 0-1 Year Treasury Bo Reduce -2.5% 5.65% −0.67
GLD SPDR Gold Shares Reduce -0.6% 7.89% −0.50
AAPL Apple Inc. Reduce -21.1% 1.21% −0.44
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -3.7% 2.66% −0.41
FTGC First Trust Global Tactical Reduce -0.1% 2.22% −0.14
BRK.B Berkshire Hathaway Inc. Class B Reduce -9.8% 0.27% −0.09
RING iShares MSCI Global Gold Min Reduce -0.8% 1.36% −0.07
MA Mastercard Inc. Class A Reduce -15.5% 0.19% −0.03
KO The Coca-Cola Co. Reduce -4.8% 0.19% −0.03
CB Chubb Ltd. Reduce -6.0% 0.15% −0.02
GOOG Alphabet Inc. Class C Reduce -2.8% 0.19% −0.00
GMF State Street SPDR S&P Emergi Reduce -1.8% 0.20% +0.01
GOOGL Alphabet Inc. Class A Reduce -0.3% 1.54% +0.02
ITOT iShares Core S&P Total U.S. Reduce -0.7% 2.52% +0.12
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.3% 3.04% +0.15
VOO Vanguard S&P 500 ETF Reduce -0.1% 9.68% +0.49

Portfolio Buys Q1 2025 → Q2 2025
RSPT Invesco S&P 500 Equal Weight Add +0.7% 3.70% +0.53
QEMM State Street SPDR MSCI Emerg New 0.18% +0.18
CSCO Cisco Systems Inc. New 0.16% +0.16
CVX Chevron Corp. New 0.15% +0.15
AMZN Amazon.com Inc. New 0.15% +0.15
EZU iShares MSCI Eurozone ETF Add +1.1% 2.86% +0.15
UNH Unitedhealth Group Inc. New 0.15% +0.15
V Visa Inc. Class A New 0.15% +0.15
ALC Alcon Inc. New 0.13% +0.13
QQQ Invesco QQQ Trust Series 1 Add +29.3% 0.43% +0.13
QLTA iShares Aaa - A Rated Corpor Add +7.8% 2.89% +0.11
VCSH Vanguard S/T Corp. Bond ETF Add +7.5% 3.84% +0.10
MSFT Microsoft Corp. Add +0.3% 0.48% +0.07
TIP iShares Tips Bond ETF Add +13.6% 1.06% +0.06
IXC iShares Global Energy ETF Add +9.5% 0.54% +0.04
JNJ Johnson & Johnson Add +9.7% 0.24% −0.00
EWL iShares MSCI Switzerland ETF Add +0.7% 2.14% −0.02
SPIB SS SPDR P Int C Corp. ETF Add +4.1% 2.63% −0.05
XLP SS Consumer Staples Sel Sect Add +3.4% 1.38% −0.08
SPTI SS SPDR P Int Term TSY ETF Add +0.5% 3.20% −0.22
VGSH Vanguard Short-Term Treasury Add +1.1% 3.64% −0.26
SPSB SS SPDR P St C Corp. ETF Add +2.2% 5.32% −0.27

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