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

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.4B Q1 2024 Q2 2024: $1.3B $1.3B Q2 2024 Q3 2024: $1.3B Q3 2024 Q4 2024: $1.3B Q4 2024 Q1 2025: $1.3B Q1 2025 Q2 2025: $1.4B Q2 2025 Q3 2025: $1.6B Q3 2025 Q4 2025: $1.6B Q4 2025 Q1 2026: $1.1B Q1 2026 Q2 2026: $1.3B Q2 2026

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%
HD Home Depot Inc. 0.23% 8,667 $3.0M Reduce -20.3%
REGN Regeneron Pharmaceuticals 0.21% 2,587 $2.7M Reduce -17.0%
RSG Republic Services Inc. 0.20% 13,245 $2.6M Reduce -0.1%
ROK Rockwell Automation Inc. 0.19% 9,108 $2.5M Reduce -17.7%
HDB HDFC Bank Ltd.-ADR 0.19% 38,000 $2.4M No change
IT Gartner Inc. 0.19% 5,400 $2.4M Add +45.4%
SPGI S&P Global Inc. 0.19% 5,409 $2.4M Reduce -15.1%
IDXX Idexx Laboratories Inc. 0.18% 4,893 $2.4M Reduce -19.4%
APH Amphenol Corp. Class A 0.18% 34,715 $2.3M Reduce -0.2%
WIT Wipro Ltd.-ADR 0.18% 380,000 $2.3M No change
UNP Union Pacific Corp. 0.18% 10,217 $2.3M Reduce -12.1%
IBN Icici Bank Ltd.-Spon ADR 0.18% 80,000 $2.3M No change
GOOG Alphabet Inc. Class C 0.18% 12,541 $2.3M Add +597.9%
OMCL Omnicell Inc. 0.17% 82,343 $2.2M Reduce -15.7%
ATHM Autohome Inc.-ADR 0.17% 80,000 $2.2M Add +263.6%
BZ Kanzhun Ltd. - ADR 0.17% 115,000 $2.2M Reduce -17.9%
WIX Wix.com Ltd. 0.16% 12,991 $2.1M Reduce -63.8%
EW Edwards Lifesciences Corp. 0.15% 21,505 $2.0M Reduce -13.3%
BP BP PLC-Spons ADR 0.15% 54,939 $2.0M Reduce -0.9%
ICLR Icon PLC 0.14% 5,970 $1.9M Reduce -0.4%
BWXT BWX Technologies Inc. 0.14% 19,241 $1.8M Reduce -0.1%
CRWD CrowdStrike Holdings Inc. Class A 0.14% 4,636 $1.8M Reduce -87.5%
BSX Boston Scientific Corp. 0.13% 22,722 $1.7M Reduce -0.3%
IR Ingersoll-Rand Inc. 0.12% 17,727 $1.6M Reduce -0.1%
RNW Renew Energy Global PLC-A 0.12% 250,000 $1.6M No change
CPRT Copart Inc. 0.11% 26,926 $1.5M Reduce -0.3%
CLS Celestica Inc. 0.11% 25,083 $1.4M No change
VWO Vanguard Ftse Emerging Marke 0.10% 31,000 $1.4M Reduce -22.5%
DE Deere & Co. 0.10% 3,625 $1.4M Reduce -0.2%
IQV Iqvia Holdings Inc. 0.10% 6,391 $1.4M Reduce -0.1%
FTNT Fortinet Inc. 0.10% 21,356 $1.3M Reduce -0.4%
SYY Sysco Corp. 0.10% 17,781 $1.3M Reduce -0.1%
TME Tencent Music Entertainm-ADR 0.09% 88,000 $1.2M Reduce -65.5%
LULU Lululemon Athletica Inc. 0.08% 3,430 $1.0M Reduce -90.2%
DRI Darden Restaurants Inc. 0.08% 6,533 $989K Reduce -0.1%
CTVA Corteva Inc. 0.07% 15,809 $853K Reduce -0.2%
LBRDK Liberty Broadband-C 0.06% 15,000 $822K Add +87.4%
FICO Fair Isaac Corp. 0.06% 551 $820K New
APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC 0.06% 11,292 $795K Reduce -0.5%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.05% 9,495 $704K Reduce -0.1%
LYV Live Nation Entertainment Inc. 0.05% 7,118 $667K Reduce -0.0%
WST West Pharmaceutical Services 0.05% 1,886 $621K Reduce -0.1%
MRNA Moderna Inc. 0.05% 5,172 $614K Reduce -0.3%
CPRI Capri Holdings Ltd. 0.05% 18,000 $595K Add +20.0%
DAR Darling Ingredients Inc. 0.04% 15,480 $569K Reduce -0.2%
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 0.04% 8,001 $525K New
SPHR Sphere Entertainment Co. 0.03% 12,000 $421K New
SWN Southwestern Energy Co. 0.03% 50,000 $337K No change
GOOS Canada Goose Holdings Inc. 0.02% 25,000 $323K Add +50.9%
ACI Albertsons Cos Inc. Class A 0.02% 15,008 $296K Reduce -0.0%
AMED Amedisys Inc. 0.02% 3,000 $275K New
AXONICS INC 0.02% 4,000 $269K No change
DFS Discover Financial Services 0.02% 2,006 $262K Reduce -0.1%
CTLT Catalent Inc. 0.02% 4,004 $225K Reduce -0.0%
BBD Banco Bradesco-ADR 0.02% 100,000 $224K Add +33.3%
COIN Coinbase Global Inc. Class A 0.02% 1,004 $223K Reduce -95.4%
CERE Cerevel Therapeutics Holding 0.02% 5,000 $204K Reduce -16.7%
NAK Northern Dynasty Minerals 0.01% 500,000 $155K Add +56.3%
CDZI Cadiz Inc. 0.01% 50,000 $155K No change

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 273$1.3BNVDA, GOOGL, MSFT, AAPL, AMZN
Q1 2026 276$1.1BNVDA, MSFT, GOOGL, AAPL, AMZN
Q4 2025 288$1.6BMSFT, GOOGL, NVDA, AAPL, UBS
Q3 2025 284$1.6BMSFT, NVDA, GOOGL, AAPL, META
Q2 2025 226$1.4BMSFT, NVDA, GOOGL, META, AAPL
Q1 2025 176$1.3BMSFT, NVDA, GOOGL, AAPL, AMZN
Q4 2024 169$1.3BMSFT, GOOGL, NVDA, LIN, AMZN
Q3 2024 152$1.3BLIN, MSFT, NVDA, GOOGL, META
Q2 2024 159$1.3BMSFT, NVDA, GOOGL, LIN, META
Q1 2024 168$1.4BMSFT, LIN, NVDA, GOOGL, META