GAM Holding AG
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 26, 2024), GAM Holding AG reported 159 stock positions worth $1.3 billion. Its top holding was Microsoft (MSFT) at 6.4% of the portfolio, followed by Nvidia (NVDA, 5.3%) and Alphabet Class A (GOOGL, 5.3%). Compared with Q1 2024, it opened 12 new positions, sold out of 21, added to 43 and reduced 94. The biggest buy was Apple (AAPL, shares +87%) and the biggest sale Lululemon Athletica (LULU, shares −90%).
- Most Recent 13F
- Q2 2026
- Location
- Zurich, V8
- CIK
- 0001438848
- Portfolio Value
- $1.3B (Q2 2024)
- SEC Filing
- 0001172661-24-002924 ↗ filed Jul 26, 2024
Holdings Value
Holdings 159 stocks · $1.3B
| MSFT Microsoft Corp. | 6.38% | 186,001 | $83.1M | Reduce -12.6% |
| NVDA Nvidia Corp. | 5.33% | 561,902 | $69.4M | Reduce -13.2% |
| GOOGL Alphabet Inc. Class A | 5.29% | 378,306 | $68.9M | Reduce -0.8% |
| LIN Linde PLC | 5.23% | 155,353 | $68.2M | Add +16.9% |
| META Meta Platforms Inc. Class A | 3.45% | 89,288 | $45.0M | Add +2.1% |
| AMZN Amazon.com Inc. | 3.04% | 205,139 | $39.6M | Add +6.5% |
| AAPL Apple Inc. | 2.62% | 162,234 | $34.2M | Add +86.8% |
| ORCL Oracle Corp. | 2.27% | 209,883 | $29.6M | Add +11.6% |
| ISRG Intuitive Surgical Inc. | 1.69% | 49,602 | $22.1M | Reduce -33.3% |
| V Visa Inc. Class A | 1.69% | 83,962 | $22.0M | Reduce -3.1% |
| NFLX Netflix Inc. | 1.37% | 26,451 | $17.9M | Reduce -11.9% |
| LLY Eli Lilly & Co. | 1.34% | 19,301 | $17.5M | Add +34.5% |
| XOM Exxon Mobil Corp. | 1.32% | 149,949 | $17.3M | Add +4.3% |
| TSM Taiwan Semiconductor-SP ADR | 1.32% | 99,282 | $17.3M | Add +313.9% |
| HLT Hilton Worldwide Holdings Inc. | 1.28% | 76,223 | $16.6M | Reduce -6.2% |
| ADBE Adobe Inc. | 1.19% | 27,936 | $15.5M | Reduce -23.8% |
| JPM JPMorgan Chase & Co. | 1.15% | 73,814 | $14.9M | Add +7.2% |
| MAR Marriott International Class A | 1.14% | 61,356 | $14.8M | Reduce -26.9% |
| UNH Unitedhealth Group Inc. | 1.06% | 27,238 | $13.9M | Reduce -28.4% |
| FISV Fiserv Inc. | 1.02% | 89,549 | $13.3M | Add +5.0% |
| VOO Vanguard S&P 500 ETF | 1.01% | 26,340 | $13.2M | Reduce -3.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.98% | 128,976 | $12.8M | Add +5.7% |
| COP Conocophillips | 0.97% | 110,821 | $12.7M | Add +5.5% |
| COST Costco Wholesale Corp. | 0.97% | 14,908 | $12.7M | Add +9.1% |
| MKL Markel Group Inc. | 0.97% | 8,026 | $12.6M | Reduce -0.0% |
| MRK Merck & Co. Inc. | 0.96% | 101,403 | $12.6M | Add +4.2% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.92% | 308,700 | $12.0M | Reduce -12.0% |
| MCHP Microchip Technology Inc. | 0.92% | 130,726 | $12.0M | Add +2.5% |
| RL Ralph Lauren Corp. | 0.91% | 67,400 | $11.8M | New |
| MU Micron Technology Inc. | 0.87% | 86,249 | $11.3M | Add +332.1% |
| H Hyatt Hotels Corp. Class A | 0.86% | 73,801 | $11.2M | New |
| UBER Uber Technologies Inc. | 0.83% | 149,538 | $10.9M | Reduce -28.6% |
| BKNG Booking Holdings Inc. | 0.80% | 2,648 | $10.5M | Reduce -18.6% |
| AVGO Broadcom Inc. | 0.79% | 6,445 | $10.3M | Reduce -44.7% |
| MA Mastercard Inc. Class A | 0.79% | 23,336 | $10.3M | Reduce -41.6% |
| INTU Intuit Inc. | 0.78% | 15,440 | $10.1M | Add +15.5% |
| EOG EOG Resources Inc. | 0.77% | 80,085 | $10.1M | Add +4.8% |
| SCHW Schwab (charles) Corp. | 0.77% | 136,711 | $10.1M | Add +3.4% |
| BMY Bristol-Myers Squibb Co. | 0.77% | 240,276 | $10.0M | Add +4.3% |
| TEL Te Connectivity Ltd. | 0.75% | 65,072 | $9.8M | Add +7.5% |
| NOW ServiceNow Inc. | 0.75% | 12,393 | $9.7M | Reduce -44.4% |
| INFY Infosys Ltd.-SP ADR | 0.74% | 517,508 | $9.6M | Add +3.3% |
| NXPI NXP Semiconductors NV | 0.74% | 35,686 | $9.6M | Reduce -27.1% |
| ZGN Ermenegildo Zegna NV | 0.73% | 806,500 | $9.5M | No change |
| PSA Public Storage | 0.73% | 32,939 | $9.5M | Add +4.5% |
| STX Seagate Technology Holdings | 0.73% | 91,721 | $9.5M | Reduce -14.4% |
| CSCO Cisco Systems Inc. | 0.70% | 191,415 | $9.1M | Add +5.9% |
| KDP Keurig Dr Pepper Inc. | 0.69% | 269,421 | $9.0M | New |
| EA Electronic Arts Inc. | 0.68% | 63,622 | $8.9M | Add +0.8% |
| UPS United Parcel Service Class B | 0.67% | 63,379 | $8.7M | Add +3.4% |
| AFL Aflac Inc. | 0.66% | 97,019 | $8.7M | Add +3.6% |
| MDT Medtronic PLC | 0.66% | 108,890 | $8.6M | Add +8.0% |
| ELV Elevance Health Inc. | 0.65% | 15,620 | $8.5M | Add +0.3% |
| OSW Onespaworld Holdings Ltd. | 0.64% | 540,500 | $8.3M | No change |
| JNJ Johnson & Johnson | 0.63% | 56,191 | $8.2M | Reduce -5.9% |
| SN Sharkninja Inc. | 0.63% | 108,840 | $8.2M | New |
| DELL Dell Technologies -C | 0.62% | 58,735 | $8.1M | Reduce -54.0% |
| HBAN Huntington Bancshares Inc. | 0.58% | 576,970 | $7.6M | Add +2.9% |
| KLAC KLA Corp. | 0.58% | 9,218 | $7.6M | Reduce -30.0% |
| TCOM Trip.com Group Ltd.-ADR | 0.54% | 150,421 | $7.1M | Reduce -10.8% |
| AMAT Applied Materials Inc. | 0.54% | 29,599 | $7.0M | Reduce -14.6% |
| SNOW Snowflake Inc. | 0.54% | 51,655 | $7.0M | Reduce -23.4% |
| HLN Haleon PLC-ADR | 0.53% | 842,393 | $7.0M | Add +5.1% |
| NKE Nike Inc. Class B | 0.50% | 86,679 | $6.5M | Reduce -25.2% |
| YMM Full Truck Alliance -SPN ADR | 0.48% | 780,793 | $6.3M | Reduce -17.2% |
| BAH Booz Allen Hamilton Holdings | 0.46% | 39,294 | $6.0M | Reduce -13.4% |
| CNC Centene Corp. | 0.45% | 88,685 | $5.9M | Add +1.4% |
| CDNS Cadence Design SYS Inc. | 0.44% | 18,441 | $5.7M | Reduce -20.8% |
| ADI Analog Devices Inc. | 0.44% | 24,842 | $5.7M | Reduce -19.5% |
| DXCM Dexcom Inc. | 0.43% | 49,791 | $5.6M | Reduce -13.1% |
| PYPL PayPal Holdings Inc. | 0.42% | 94,934 | $5.5M | Reduce -57.8% |
| USB US Bancorp | 0.39% | 128,539 | $5.1M | Add +3.6% |
| EXPE Expedia Group Inc. | 0.39% | 40,284 | $5.1M | Reduce -16.6% |
| TMO Thermo Fisher Scientific Inc. | 0.39% | 9,148 | $5.1M | Reduce -10.3% |
| PTC PTC Inc. | 0.38% | 27,414 | $5.0M | Reduce -50.6% |
| GILD Gilead Sciences Inc. | 0.37% | 71,090 | $4.9M | Add +4.4% |
| CAT Caterpillar Inc. | 0.36% | 13,958 | $4.6M | Reduce -22.3% |
| VRSK Verisk Analytics Inc. | 0.36% | 17,172 | $4.6M | Reduce -18.9% |
| ABNB Airbnb Inc. Class A | 0.35% | 30,321 | $4.6M | Reduce -49.9% |
| NDAQ Nasdaq Inc. | 0.34% | 73,424 | $4.4M | Reduce -16.6% |
| VRTX Vertex Pharmaceuticals Inc. | 0.32% | 8,910 | $4.2M | Reduce -13.6% |
| PGR Progressive Corp. | 0.32% | 20,074 | $4.2M | Reduce -15.2% |
| TOL Toll Brothers Inc. | 0.31% | 35,220 | $4.1M | New |
| LRCX Lam Research Corp. | 0.31% | 3,804 | $4.1M | Reduce -26.3% |
| KO The Coca-Cola Co. | 0.31% | 62,878 | $4.0M | Reduce -19.5% |
| SIG Signet Jewelers Ltd. | 0.31% | 44,600 | $4.0M | New |
| MRVL Marvell Technology Inc. | 0.30% | 55,959 | $3.9M | Reduce -16.9% |
| AME Ametek Inc. | 0.30% | 23,289 | $3.9M | Reduce -12.9% |
| SYK Stryker Corp. | 0.26% | 10,073 | $3.4M | New |
| WBD Warner Bros Discovery Inc. | 0.26% | 456,248 | $3.4M | Reduce -0.3% |
| DHR Danaher Corp. | 0.26% | 13,396 | $3.3M | Reduce -17.8% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.25% | 12,720 | $3.3M | Reduce -15.9% |
| ARM Arm Holdings PLC-ADR | 0.25% | 20,098 | $3.3M | New |
| ETN Eaton Corp. PLC | 0.25% | 10,458 | $3.3M | Reduce -19.0% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.25% | 30,808 | $3.3M | Reduce -22.3% |
| MSI Motorola Solutions Inc. | 0.25% | 8,389 | $3.2M | Add +91.2% |
| ROP Roper Technologies Inc. | 0.24% | 5,572 | $3.1M | Reduce -13.0% |
| SNPS Synopsys Inc. | 0.24% | 5,202 | $3.1M | Reduce -0.0% |
| HON Honeywell International Inc. | 0.23% | 14,171 | $3.0M | Reduce -21.3% |
| TXN Texas Instruments Inc. | 0.23% | 15,518 | $3.0M | Reduce -16.5% |
Portfolio Sells Q1 2024 → Q2 2024
| LULU Lululemon Athletica Inc. | Reduce -90.2% | 0.08% | −0.91 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −0.75 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -87.5% | 0.14% | −0.72 |
| PYPL PayPal Holdings Inc. | Reduce -57.8% | 0.42% | −0.67 |
| MO Altria Group Inc. | Sold out | 0.00% | −0.66 |
| NET Cloudflare Inc. Class A | Sold out | 0.00% | −0.61 |
| MA Mastercard Inc. Class A | Reduce -41.6% | 0.79% | −0.60 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.50 |
| NOW ServiceNow Inc. | Reduce -44.4% | 0.75% | −0.48 |
| ISRG Intuitive Surgical Inc. | Reduce -33.3% | 1.69% | −0.45 |
| DELL Dell Technologies -C | Reduce -54.0% | 0.62% | −0.43 |
| C Citigroup Inc. | Sold out | 0.00% | −0.43 |
| FSLY Fastly Inc. Class A | Sold out | 0.00% | −0.41 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.40 |
| COIN Coinbase Global Inc. Class A | Reduce -95.4% | 0.02% | −0.40 |
| MAR Marriott International Class A | Reduce -26.9% | 1.14% | −0.39 |
| PTC PTC Inc. | Reduce -50.6% | 0.38% | −0.38 |
| ABNB Airbnb Inc. Class A | Reduce -49.9% | 0.35% | −0.37 |
| UBER Uber Technologies Inc. | Reduce -28.6% | 0.83% | −0.33 |
| AVGO Broadcom Inc. | Reduce -44.7% | 0.79% | −0.32 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.32 |
| UNH Unitedhealth Group Inc. | Reduce -28.4% | 1.06% | −0.30 |
| NKE Nike Inc. Class B | Reduce -25.2% | 0.50% | −0.29 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.28 |
| SNOW Snowflake Inc. | Reduce -23.4% | 0.54% | −0.25 |
| WIX Wix.com Ltd. | Reduce -63.8% | 0.16% | −0.20 |
| JKHY Jack Henry & Associates Inc. | Sold out | 0.00% | −0.20 |
| EL Estee Lauder Companies Class A | Reduce -22.3% | 0.25% | −0.19 |
| MTN Vail Resorts Inc. | Sold out | 0.00% | −0.17 |
| VIPS Vipshop Holdings Ltd. - ADR | Sold out | 0.00% | −0.17 |
| ADBE Adobe Inc. | Reduce -23.8% | 1.19% | −0.15 |
| DXCM Dexcom Inc. | Reduce -13.1% | 0.43% | −0.14 |
| NXPI NXP Semiconductors NV | Reduce -27.1% | 0.74% | −0.14 |
| CAT Caterpillar Inc. | Reduce -22.3% | 0.36% | −0.12 |
| TME Tencent Music Entertainm-ADR | Reduce -65.5% | 0.09% | −0.11 |
| MSFT Microsoft Corp. | Reduce -12.6% | 6.38% | −0.10 |
| EXPE Expedia Group Inc. | Reduce -16.6% | 0.39% | −0.09 |
| ON On Semiconductor | Sold out | 0.00% | −0.09 |
| CDNS Cadence Design SYS Inc. | Reduce -20.8% | 0.44% | −0.09 |
| KLAC KLA Corp. | Reduce -30.0% | 0.58% | −0.08 |
| HD Home Depot Inc. | Reduce -20.3% | 0.23% | −0.07 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.07 |
| NDAQ Nasdaq Inc. | Reduce -16.6% | 0.34% | −0.06 |
| V Visa Inc. Class A | Reduce -3.1% | 1.69% | −0.06 |
| AME Ametek Inc. | Reduce -12.9% | 0.30% | −0.06 |
| IDXX Idexx Laboratories Inc. | Reduce -19.4% | 0.18% | −0.05 |
| JNJ Johnson & Johnson | Reduce -5.9% | 0.63% | −0.05 |
| LRCX Lam Research Corp. | Reduce -26.3% | 0.31% | −0.05 |
| BKNG Booking Holdings Inc. | Reduce -18.6% | 0.80% | −0.05 |
| MRVL Marvell Technology Inc. | Reduce -16.9% | 0.30% | −0.05 |
Portfolio Buys Q1 2024 → Q2 2024
| AAPL Apple Inc. | Add +86.8% | 2.62% | +1.54 |
| TSM Taiwan Semiconductor-SP ADR | Add +313.9% | 1.32% | +1.09 |
| RL Ralph Lauren Corp. | New | 0.91% | +0.91 |
| H Hyatt Hotels Corp. Class A | New | 0.86% | +0.86 |
| LIN Linde PLC | Add +16.9% | 5.23% | +0.77 |
| MU Micron Technology Inc. | Add +332.1% | 0.87% | +0.70 |
| KDP Keurig Dr Pepper Inc. | New | 0.69% | +0.69 |
| SN Sharkninja Inc. | New | 0.63% | +0.63 |
| ORCL Oracle Corp. | Add +11.6% | 2.27% | +0.57 |
| LLY Eli Lilly & Co. | Add +34.5% | 1.34% | +0.53 |
| AMZN Amazon.com Inc. | Add +6.5% | 3.04% | +0.53 |
| META Meta Platforms Inc. Class A | Add +2.1% | 3.45% | +0.38 |
| TOL Toll Brothers Inc. | New | 0.31% | +0.31 |
| SIG Signet Jewelers Ltd. | New | 0.31% | +0.31 |
| SYK Stryker Corp. | New | 0.26% | +0.26 |
| ARM Arm Holdings PLC-ADR | New | 0.25% | +0.25 |
| COST Costco Wholesale Corp. | Add +9.1% | 0.97% | +0.25 |
| GOOG Alphabet Inc. Class C | Add +597.9% | 0.18% | +0.16 |
| INTU Intuit Inc. | Add +15.5% | 0.78% | +0.15 |
| JPM JPMorgan Chase & Co. | Add +7.2% | 1.15% | +0.15 |
| MSI Motorola Solutions Inc. | Add +91.2% | 0.25% | +0.14 |
| ATHM Autohome Inc.-ADR | Add +263.6% | 0.17% | +0.13 |
| XOM Exxon Mobil Corp. | Add +4.3% | 1.32% | +0.12 |
| TEL Te Connectivity Ltd. | Add +7.5% | 0.75% | +0.12 |
| MCHP Microchip Technology Inc. | Add +2.5% | 0.92% | +0.09 |
| INFY Infosys Ltd.-SP ADR | Add +3.3% | 0.74% | +0.09 |
| AFL Aflac Inc. | Add +3.6% | 0.66% | +0.08 |
| SCHW Schwab (charles) Corp. | Add +3.4% | 0.77% | +0.08 |
| EA Electronic Arts Inc. | Add +0.8% | 0.68% | +0.07 |
| EOG EOG Resources Inc. | Add +4.8% | 0.77% | +0.07 |
| PSA Public Storage | Add +4.5% | 0.73% | +0.07 |
| ELV Elevance Health Inc. | Add +0.3% | 0.65% | +0.07 |
| FICO Fair Isaac Corp. | New | 0.06% | +0.06 |
| IT Gartner Inc. | Add +45.4% | 0.19% | +0.06 |
| CSCO Cisco Systems Inc. | Add +5.9% | 0.70% | +0.05 |
| HLN Haleon PLC-ADR | Add +5.1% | 0.53% | +0.04 |
| FUTU Futu Holdings Ltd.-ADR | New | 0.04% | +0.04 |
| FISV Fiserv Inc. | Add +5.0% | 1.02% | +0.04 |
| MRK Merck & Co. Inc. | Add +4.2% | 0.96% | +0.03 |
| SPHR Sphere Entertainment Co. | New | 0.03% | +0.03 |
| LBRDK Liberty Broadband-C | Add +87.4% | 0.06% | +0.03 |
| MDT Medtronic PLC | Add +8.0% | 0.66% | +0.02 |
| AMED Amedisys Inc. | New | 0.02% | +0.02 |
| HBAN Huntington Bancshares Inc. | Add +2.9% | 0.58% | +0.02 |
| GILD Gilead Sciences Inc. | Add +4.4% | 0.37% | +0.01 |
| GOOS Canada Goose Holdings Inc. | Add +50.9% | 0.02% | +0.01 |
| UPS United Parcel Service Class B | Add +3.4% | 0.67% | +0.01 |
| COP Conocophillips | Add +5.5% | 0.97% | +0.01 |
| NAK Northern Dynasty Minerals | Add +56.3% | 0.01% | +0.00 |
| BBD Banco Bradesco-ADR | Add +33.3% | 0.02% | +0.00 |
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 |