GAM Holding AG
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), GAM Holding AG reported 273 stock positions worth $1.3 billion. Its top holding was Nvidia (NVDA) at 5.4% of the portfolio, followed by Alphabet Class A (GOOGL, 5.1%) and Microsoft (MSFT, 4.0%). Compared with Q1 2026, it opened 41 new positions, sold out of 44, added to 67 and reduced 126. The biggest buy was a new position in Astrazeneca (AZN) and the biggest sale an exit from Totalenergies (TTE).
- Most Recent 13F
- Q2 2026
- Location
- Zurich, V8
- CIK
- 0001438848
- Portfolio Value
- $1.3B (Q2 2026)
- SEC Filing
- 0001172661-26-003710 ↗ filed Aug 14, 2026
Holdings Value
Holdings 273 stocks · $1.3B
| NVDA Nvidia Corp. | 5.39% | 351,622 | $70.4M | Reduce -4.5% |
| GOOGL Alphabet Inc. Class A | 5.14% | 187,665 | $67.1M | Add +7.5% |
| MSFT Microsoft Corp. | 3.98% | 139,116 | $51.9M | Add +1.8% |
| AAPL Apple Inc. | 3.90% | 176,077 | $50.9M | Reduce -6.3% |
| AMZN Amazon.com Inc. | 3.20% | 175,049 | $41.7M | Reduce -4.1% |
| UBS UBS Group AG-Reg | 2.90% | 762,272 | $37.9M | Add +8.5% |
| AVGO Broadcom Inc. | 2.82% | 97,566 | $36.9M | Add +26.9% |
| META Meta Platforms Inc. Class A | 2.50% | 57,863 | $32.6M | Add +18.1% |
| LLY Eli Lilly & Co. | 2.10% | 22,843 | $27.4M | Add +1.0% |
| AMAT Applied Materials Inc. | 2.10% | 37,829 | $27.4M | Reduce -3.6% |
| URTH iShares MSCI World ETF | 2.08% | 134,058 | $27.2M | Reduce -7.2% |
| TSM Taiwan Semiconductor-SP ADR | 1.85% | 50,641 | $24.2M | Add +25.4% |
| AZN Astrazeneca PLC | 1.74% | 121,143 | $22.7M | New |
| V Visa Inc. Class A | 1.44% | 54,977 | $18.9M | Reduce -19.6% |
| MU Micron Technology Inc. | 1.14% | 12,838 | $14.8M | Add +130.7% |
| JNJ Johnson & Johnson | 1.12% | 57,382 | $14.6M | Reduce -1.2% |
| HLT Hilton Worldwide Holdings Inc. | 1.09% | 42,899 | $14.2M | Reduce -5.8% |
| CSCO Cisco Systems Inc. | 1.09% | 120,677 | $14.2M | Reduce -3.0% |
| RACE Ferrari NV | 1.04% | 36,585 | $13.6M | Reduce -16.4% |
| TPR Tapestry Inc. | 1.02% | 91,300 | $13.4M | Add +4.3% |
| JPM JPMorgan Chase & Co. | 0.95% | 38,045 | $12.5M | Reduce -6.5% |
| VIK Viking Holdings Ltd. | 0.95% | 118,711 | $12.4M | Reduce -3.0% |
| CRH CRH PLC | 0.94% | 114,960 | $12.3M | Add +10.8% |
| MA Mastercard Inc. Class A | 0.94% | 23,905 | $12.3M | Add +27.2% |
| MAR Marriott International Class A | 0.93% | 32,920 | $12.2M | Add +26.4% |
| LOGI Logitech International-Reg | 0.93% | 129,449 | $12.2M | Reduce -0.7% |
| AMRZ Amrize Ltd. | 0.93% | 228,199 | $12.1M | Reduce -0.5% |
| MRK Merck & Co. Inc. | 0.92% | 93,799 | $12.1M | Reduce -1.1% |
| ZGN Ermenegildo Zegna NV | 0.86% | 857,873 | $11.2M | Reduce -18.0% |
| SW Smurfit Westrock PLC | 0.73% | 206,576 | $9.6M | Add +13.4% |
| CAT Caterpillar Inc. | 0.72% | 8,858 | $9.4M | Reduce -5.0% |
| WMT Walmart Inc. | 0.71% | 82,035 | $9.3M | Reduce -2.0% |
| KLAC KLA Corp. | 0.69% | 29,953 | $9.0M | Add +21.2% |
| GOOG Alphabet Inc. Class C | 0.69% | 25,539 | $9.0M | Reduce -5.8% |
| IEMG iShares Core MSCI Emerging | 0.66% | 104,249 | $8.6M | Reduce -12.1% |
| ETN Eaton Corp. PLC | 0.64% | 19,718 | $8.4M | Add +16.1% |
| RL Ralph Lauren Corp. | 0.64% | 20,660 | $8.3M | Reduce -30.5% |
| VOO Vanguard S&P 500 ETF | 0.63% | 12,000 | $8.2M | No change |
| SN Sharkninja Inc. | 0.63% | 54,094 | $8.2M | Add +66.9% |
| XOM Exxon Mobil Corp. | 0.61% | 58,571 | $8.0M | Reduce -27.7% |
| COST Costco Wholesale Corp. | 0.61% | 8,478 | $7.9M | Reduce -2.8% |
| ALC Alcon Inc. filed as ALCON AG | 0.61% | 116,703 | $7.9M | Add +0.1% |
| KO The Coca-Cola Co. | 0.60% | 96,290 | $7.8M | Reduce -2.4% |
| GE General Electric filed as GE AEROSPACE | 0.60% | 20,885 | $7.8M | Add +69.2% |
| WFC Wells Fargo & Co. | 0.57% | 89,852 | $7.4M | Reduce -2.8% |
| PG The Procter & Gamble Co. | 0.56% | 49,489 | $7.3M | Reduce -36.2% |
| UNH Unitedhealth Group Inc. | 0.54% | 16,889 | $7.0M | Reduce -29.2% |
| AS Amer Sports Inc. | 0.51% | 198,600 | $6.7M | Reduce -8.5% |
| MELI MercadoLibre Inc. | 0.50% | 3,870 | $6.6M | Reduce -2.8% |
| AMD Advanced Micro Devices | 0.50% | 11,256 | $6.5M | Reduce -25.1% |
| MKL Markel Group Inc. | 0.49% | 3,301 | $6.4M | Reduce -0.1% |
| XP XP Inc. Class A | 0.49% | 394,299 | $6.4M | Add +17.5% |
| LTH Life Time Group Holdings Inc. | 0.48% | 154,300 | $6.3M | New |
| ABBV Abbvie Inc. | 0.48% | 24,717 | $6.2M | Add +126.1% |
| RCL Royal Caribbean Cruises Ltd. | 0.46% | 18,790 | $6.0M | Reduce -25.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.45% | 61,659 | $5.9M | Add +0.8% |
| NFLX Netflix Inc. | 0.45% | 81,811 | $5.8M | Add +6.4% |
| OSW Onespaworld Holdings Ltd. | 0.45% | 206,500 | $5.8M | Add +13.1% |
| LEVI Levi Strauss & Co. Class A | 0.44% | 229,500 | $5.7M | Add +66.3% |
| CARG Cargurus Inc. | 0.42% | 162,600 | $5.5M | Add +201.1% |
| EFIV SS SPDR S&P 500 ESG ETF | 0.42% | 75,715 | $5.5M | No change |
| SCHW Schwab (charles) Corp. | 0.42% | 59,343 | $5.5M | Reduce -9.3% |
| PANW Palo Alto Networks Inc. | 0.41% | 15,851 | $5.4M | Reduce -17.4% |
| NBIS Nebius Group NV | 0.41% | 19,523 | $5.4M | New |
| DELL Dell Technologies -C | 0.40% | 12,222 | $5.3M | Reduce -59.3% |
| IEF iShares 7-10 Year Treasury B | 0.40% | 55,000 | $5.2M | Reduce -19.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.39% | 10,376 | $5.2M | Add +86.0% |
| COP Conocophillips | 0.37% | 47,046 | $4.9M | Reduce -25.0% |
| LIND Lindblad Expeditions Holding | 0.37% | 172,800 | $4.9M | New |
| GEV GE Vernova Inc. | 0.37% | 4,144 | $4.9M | Add +30.7% |
| VZ Verizon Communications Inc. | 0.37% | 114,447 | $4.8M | Add +4.8% |
| EOG EOG Resources Inc. | 0.37% | 37,252 | $4.8M | Reduce -8.1% |
| EMR Emerson Electric Co. | 0.37% | 33,651 | $4.8M | Reduce -32.7% |
| PSA Public Storage | 0.34% | 13,787 | $4.4M | Reduce -0.6% |
| TER Teradyne Inc. | 0.33% | 8,887 | $4.3M | Reduce -2.9% |
| ORCL Oracle Corp. | 0.32% | 28,775 | $4.2M | Reduce -2.0% |
| HBAN Huntington Bancshares Inc. | 0.32% | 237,710 | $4.2M | Reduce -33.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.32% | 14,743 | $4.1M | Reduce -47.8% |
| COF Capital One Financial Corp. | 0.31% | 19,886 | $4.0M | Add +1085.8% |
| BAC Bank of America Corp. | 0.29% | 66,056 | $3.8M | Reduce -7.9% |
| USSG Xtrackers MSCI USA Sele Eqty | 0.29% | 53,800 | $3.7M | No change |
| KDP Keurig Dr Pepper Inc. | 0.28% | 111,119 | $3.6M | Reduce -0.4% |
| WDC Western Digital Corp. | 0.28% | 5,676 | $3.6M | Add +325.5% |
| LIN Linde PLC | 0.28% | 6,961 | $3.6M | Reduce -48.4% |
| GS Goldman Sachs Group Inc. | 0.28% | 3,571 | $3.6M | Add +5.3% |
| ANET Arista Networks Inc. | 0.27% | 20,980 | $3.6M | Add +107.5% |
| MDT Medtronic PLC | 0.27% | 44,793 | $3.5M | Reduce -0.5% |
| PLTR Palantir Technologies Inc. Class A | 0.26% | 29,319 | $3.4M | Add +46.0% |
| INTC Intel Corp. | 0.26% | 24,242 | $3.4M | Reduce -40.4% |
| MS Morgan Stanley | 0.26% | 16,081 | $3.4M | Reduce -7.2% |
| AMX America Movil Sab DE CV | 0.26% | 128,322 | $3.3M | No change |
| VST Vistra Corp. | 0.25% | 20,229 | $3.2M | Add +391.6% |
| TXN Texas Instruments Inc. | 0.24% | 10,669 | $3.2M | Add +321.7% |
| USB US Bancorp | 0.24% | 52,250 | $3.2M | Reduce -0.6% |
| AME Ametek Inc. | 0.24% | 12,941 | $3.1M | Add +16.0% |
| ESS Essex Property Trust Inc. | 0.24% | 10,710 | $3.1M | Add +26.3% |
| SO The Southern Co. | 0.24% | 32,305 | $3.1M | Reduce -0.6% |
| HLN Haleon PLC-ADR | 0.24% | 330,494 | $3.1M | No change |
| APH Amphenol Corp. Class A | 0.23% | 16,775 | $3.0M | Reduce -46.5% |
| DUK Duke Energy Corp. | 0.23% | 23,364 | $3.0M | Reduce -0.7% |
Portfolio Sells Q1 2026 → Q2 2026
| TTE Totalenergies SE | Sold out | 0.00% | −1.10 |
| XOM Exxon Mobil Corp. | Reduce -27.7% | 0.61% | −0.59 |
| PG The Procter & Gamble Co. | Reduce -36.2% | 0.56% | −0.43 |
| V Visa Inc. Class A | Reduce -19.6% | 1.44% | −0.37 |
| COP Conocophillips | Reduce -25.0% | 0.37% | −0.35 |
| LIN Linde PLC | Reduce -48.4% | 0.28% | −0.31 |
| AAPL Apple Inc. | Reduce -6.3% | 3.90% | −0.28 |
| IBM Intl Business Machines Corp. | Reduce -47.8% | 0.32% | −0.28 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.28 |
| RL Ralph Lauren Corp. | Reduce -30.5% | 0.64% | −0.26 |
| RACE Ferrari NV | Reduce -16.4% | 1.04% | −0.26 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.25 |
| NVDA Nvidia Corp. | Reduce -4.5% | 5.39% | −0.25 |
| ADI Analog Devices Inc. | Reduce -77.2% | 0.08% | −0.24 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -50.8% | 0.19% | −0.24 |
| EMR Emerson Electric Co. | Reduce -32.7% | 0.37% | −0.21 |
| URTH iShares MSCI World ETF | Reduce -7.2% | 2.08% | −0.20 |
| WMT Walmart Inc. | Reduce -2.0% | 0.71% | −0.20 |
| NAK Northern Dynasty Minerals | Reduce -62.9% | 0.16% | −0.20 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.19 |
| VMRK Vivmark Residential | Sold out | 0.00% | −0.18 |
| UBER Uber Technologies Inc. | Reduce -77.2% | 0.04% | −0.17 |
| IEF iShares 7-10 Year Treasury B | Reduce -19.1% | 0.40% | −0.17 |
| HBAN Huntington Bancshares Inc. | Reduce -33.8% | 0.32% | −0.17 |
| AMRZ Amrize Ltd. | Reduce -0.5% | 0.93% | −0.16 |
| ABT Abbott Laboratories | Reduce -78.4% | 0.03% | −0.16 |
| COST Costco Wholesale Corp. | Reduce -2.8% | 0.61% | −0.16 |
| ADBE Adobe Inc. | Reduce -86.8% | 0.02% | −0.15 |
| IEX Idex Corp. | Sold out | 0.00% | −0.15 |
| YUM Yum! Brands Inc. | Sold out | 0.00% | −0.15 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -25.1% | 0.46% | −0.15 |
| TMO Thermo Fisher Scientific Inc. | Reduce -78.6% | 0.03% | −0.14 |
| EOG EOG Resources Inc. | Reduce -8.1% | 0.37% | −0.14 |
| AMZN Amazon.com Inc. | Reduce -4.1% | 3.20% | −0.14 |
| PEP Pepsico Inc. | Reduce -77.5% | 0.03% | −0.14 |
| PPG PPG Industries Inc. | Reduce -85.2% | 0.02% | −0.14 |
| RY Royal Bank of Canada | Reduce -81.2% | 0.04% | −0.14 |
| SPGI S&P Global Inc. | Reduce -75.0% | 0.03% | −0.14 |
| JNJ Johnson & Johnson | Reduce -1.2% | 1.12% | −0.13 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -5.8% | 1.09% | −0.13 |
| APTV Aptiv PLC | Reduce -74.9% | 0.03% | −0.13 |
| SBUX Starbucks Corp. | Reduce -81.9% | 0.03% | −0.12 |
| APH Amphenol Corp. Class A | Reduce -46.5% | 0.23% | −0.12 |
| SCHW Schwab (charles) Corp. | Reduce -9.3% | 0.42% | −0.12 |
| MRSH Marsh & McLennan Cos | Reduce -72.6% | 0.04% | −0.12 |
| TCOM Trip.com Group Ltd.-ADR | Sold out | 0.00% | −0.12 |
| LOW Lowe's Cos Inc. | Reduce -77.0% | 0.03% | −0.12 |
| INTU Intuit Inc. | Reduce -68.5% | 0.02% | −0.11 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.11 |
| AS Amer Sports Inc. | Reduce -8.5% | 0.51% | −0.11 |
Portfolio Buys Q1 2026 → Q2 2026
| AZN Astrazeneca PLC | New | 1.74% | +1.74 |
| MU Micron Technology Inc. | Add +130.7% | 1.14% | +0.97 |
| AVGO Broadcom Inc. | Add +26.9% | 2.82% | +0.73 |
| GOOGL Alphabet Inc. Class A | Add +7.5% | 5.14% | +0.73 |
| TSM Taiwan Semiconductor-SP ADR | Add +25.4% | 1.85% | +0.65 |
| UBS UBS Group AG-Reg | Add +8.5% | 2.90% | +0.54 |
| LTH Life Time Group Holdings Inc. | New | 0.48% | +0.48 |
| NBIS Nebius Group NV | New | 0.41% | +0.41 |
| LIND Lindblad Expeditions Holding | New | 0.37% | +0.37 |
| KLAC KLA Corp. | Add +21.2% | 0.69% | +0.37 |
| SN Sharkninja Inc. | Add +66.9% | 0.63% | +0.33 |
| GE General Electric | Add +69.2% | 0.60% | +0.29 |
| COF Capital One Financial Corp. | Add +1085.8% | 0.31% | +0.28 |
| LLY Eli Lilly & Co. | Add +1.0% | 2.10% | +0.27 |
| ABBV Abbvie Inc. | Add +126.1% | 0.48% | +0.27 |
| CARG Cargurus Inc. | Add +201.1% | 0.42% | +0.26 |
| WDC Western Digital Corp. | Add +325.5% | 0.28% | +0.25 |
| LEVI Levi Strauss & Co. Class A | Add +66.3% | 0.44% | +0.21 |
| TXN Texas Instruments Inc. | Add +321.7% | 0.24% | +0.20 |
| QCOM Qualcomm Inc. | Add +840.5% | 0.21% | +0.19 |
| VST Vistra Corp. | Add +391.6% | 0.25% | +0.19 |
| AAUC Allied Gold Corp. | New | 0.19% | +0.19 |
| MAR Marriott International Class A | Add +26.4% | 0.93% | +0.19 |
| PLD Prologis Inc. | New | 0.18% | +0.18 |
| FNV Franco-Nevada Corp. | New | 0.18% | +0.18 |
| H Hyatt Hotels Corp. Class A | New | 0.18% | +0.18 |
| VRTX Vertex Pharmaceuticals Inc. | Add +86.0% | 0.39% | +0.18 |
| ANET Arista Networks Inc. | Add +107.5% | 0.27% | +0.16 |
| WEC WEC Energy Group Inc. | Add +394.3% | 0.20% | +0.16 |
| GOLD RESOURCE CORP | New | 0.15% | +0.15 |
| KMB Kimberly-Clark Corp. | New | 0.14% | +0.14 |
| LITE Lumentum Holdings Inc. | New | 0.13% | +0.13 |
| GEV GE Vernova Inc. | Add +30.7% | 0.37% | +0.13 |
| RTX RTX Corp. | Add +425.2% | 0.17% | +0.13 |
| RF Regions Financial Corp. | New | 0.13% | +0.13 |
| FIX Comfort Systems USA Inc. | New | 0.12% | +0.12 |
| MA Mastercard Inc. Class A | Add +27.2% | 0.94% | +0.12 |
| BN Brookfield Corp. | New | 0.11% | +0.11 |
| ETN Eaton Corp. PLC | Add +16.1% | 0.64% | +0.11 |
| APP AppLovin Corp. Class A | Add +143.6% | 0.17% | +0.11 |
| PM Philip Morris International | Add +276.9% | 0.14% | +0.10 |
| SW Smurfit Westrock PLC | Add +13.4% | 0.73% | +0.09 |
| GM General Motors Co. | Add +230.4% | 0.13% | +0.09 |
| GILD Gilead Sciences Inc. | Add +281.9% | 0.13% | +0.09 |
| STX Seagate Technology Holdings | New | 0.09% | +0.09 |
| RNW Renew Energy Global PLC-A | Add +151.1% | 0.12% | +0.08 |
| OSW Onespaworld Holdings Ltd. | Add +13.1% | 0.45% | +0.08 |
| ENB Enbridge Inc. | Add +196.0% | 0.12% | +0.07 |
| MRVL Marvell Technology Inc. | New | 0.06% | +0.06 |
| TJX TJX Companies Inc. | Add +64.2% | 0.23% | +0.06 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 273 | $1.3B | NVDA, GOOGL, MSFT, AAPL, AMZN |
| Q1 2026 | 276 | $1.1B | NVDA, MSFT, GOOGL, AAPL, AMZN |
| Q4 2025 | 288 | $1.6B | MSFT, GOOGL, NVDA, AAPL, UBS |
| Q3 2025 | 284 | $1.6B | MSFT, NVDA, GOOGL, AAPL, META |
| Q2 2025 | 226 | $1.4B | MSFT, NVDA, GOOGL, META, AAPL |
| Q1 2025 | 176 | $1.3B | MSFT, NVDA, GOOGL, AAPL, AMZN |
| Q4 2024 | 169 | $1.3B | MSFT, GOOGL, NVDA, LIN, AMZN |
| Q3 2024 | 152 | $1.3B | LIN, MSFT, NVDA, GOOGL, META |
| Q2 2024 | 159 | $1.3B | MSFT, NVDA, GOOGL, LIN, META |
| Q1 2024 | 168 | $1.4B | MSFT, LIN, NVDA, GOOGL, META |