GAM Holding AG
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 22, 2024), GAM Holding AG reported 152 stock positions worth $1.3 billion. Its top holding was Linde (LIN) at 6.4% of the portfolio, followed by Microsoft (MSFT, 5.5%) and Nvidia (NVDA, 4.2%). Compared with Q2 2024, it opened 15 new positions, sold out of 22, added to 65 and reduced 64. The biggest buy was Linde (LIN, shares +8%) and the biggest sale Alphabet Class A (GOOGL, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- Zurich, V8
- CIK
- 0001438848
- Portfolio Value
- $1.3B (Q3 2024)
- SEC Filing
- 0001172661-24-004323 ↗ filed Oct 22, 2024
Holdings Value
Holdings 152 stocks · $1.3B
| LIN Linde PLC | 6.41% | 168,547 | $80.4M | Add +8.5% |
| MSFT Microsoft Corp. | 5.53% | 161,330 | $69.4M | Reduce -13.3% |
| NVDA Nvidia Corp. | 4.25% | 438,608 | $53.3M | Reduce -21.9% |
| GOOGL Alphabet Inc. Class A | 4.13% | 312,362 | $51.8M | Reduce -17.4% |
| META Meta Platforms Inc. Class A | 3.02% | 66,160 | $37.9M | Reduce -25.9% |
| AAPL Apple Inc. | 2.97% | 159,970 | $37.3M | Reduce -1.4% |
| ORCL Oracle Corp. | 2.89% | 212,379 | $36.2M | Add +1.2% |
| AMZN Amazon.com Inc. | 2.63% | 176,916 | $33.0M | Reduce -13.8% |
| LLY Eli Lilly & Co. | 2.12% | 29,978 | $26.6M | Add +55.3% |
| V Visa Inc. Class A | 1.74% | 79,594 | $21.9M | Reduce -5.2% |
| FISV Fiserv Inc. | 1.64% | 114,439 | $20.6M | Add +27.8% |
| ISRG Intuitive Surgical Inc. | 1.55% | 39,681 | $19.5M | Reduce -20.0% |
| UNH Unitedhealth Group Inc. | 1.53% | 32,775 | $19.2M | Add +20.3% |
| HLT Hilton Worldwide Holdings Inc. | 1.44% | 78,523 | $18.1M | Add +3.0% |
| NFLX Netflix Inc. | 1.41% | 24,964 | $17.7M | Reduce -5.6% |
| XOM Exxon Mobil Corp. | 1.41% | 150,670 | $17.7M | Add +0.5% |
| JPM JPMorgan Chase & Co. | 1.39% | 82,965 | $17.5M | Add +12.4% |
| MAR Marriott International Class A | 1.22% | 61,355 | $15.3M | Reduce 0.0% |
| VIK Viking Holdings Ltd. | 1.14% | 408,501 | $14.3M | New |
| ONON On Holding AG Class A filed as ON HLDG AG | 1.13% | 282,400 | $14.2M | Reduce -8.5% |
| SCHW Schwab (charles) Corp. | 1.12% | 216,756 | $14.0M | Add +58.5% |
| VOO Vanguard S&P 500 ETF | 1.08% | 25,715 | $13.6M | Reduce -2.4% |
| RL Ralph Lauren Corp. | 1.04% | 67,400 | $13.1M | No change |
| MKL Markel Group Inc. | 1.01% | 8,049 | $12.6M | Add +0.3% |
| BMY Bristol-Myers Squibb Co. | 1.00% | 242,009 | $12.5M | Add +0.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.99% | 129,278 | $12.4M | Add +0.2% |
| AVGO Broadcom Inc. | 0.99% | 72,007 | $12.4M | Add +11.7% |
| H Hyatt Hotels Corp. Class A | 0.99% | 81,601 | $12.4M | Add +10.6% |
| MRK Merck & Co. Inc. | 0.99% | 109,092 | $12.4M | Add +7.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.97% | 69,950 | $12.1M | Reduce -29.5% |
| PSA Public Storage | 0.96% | 33,074 | $12.0M | Add +0.4% |
| COST Costco Wholesale Corp. | 0.95% | 13,442 | $11.9M | Reduce -9.8% |
| MA Mastercard Inc. Class A | 0.94% | 23,876 | $11.8M | Add +2.3% |
| COP Conocophillips | 0.93% | 111,083 | $11.7M | Add +0.2% |
| BKNG Booking Holdings Inc. | 0.90% | 2,668 | $11.2M | Add +0.8% |
| SN Sharkninja Inc. | 0.87% | 100,076 | $10.9M | Reduce -8.1% |
| INTU Intuit Inc. | 0.86% | 17,436 | $10.8M | Add +12.9% |
| INFY Infosys Ltd.-SP ADR | 0.85% | 476,773 | $10.6M | Reduce -7.9% |
| EA Electronic Arts Inc. | 0.83% | 72,657 | $10.4M | Add +14.2% |
| KDP Keurig Dr Pepper Inc. | 0.81% | 270,333 | $10.1M | Add +0.3% |
| NOW ServiceNow Inc. | 0.80% | 11,285 | $10.1M | Reduce -8.9% |
| MCHP Microchip Technology Inc. | 0.80% | 125,098 | $10.0M | Reduce -4.3% |
| EOG EOG Resources Inc. | 0.79% | 80,251 | $9.9M | Add +0.2% |
| MDT Medtronic PLC | 0.78% | 109,330 | $9.8M | Add +0.4% |
| JNJ Johnson & Johnson | 0.75% | 58,013 | $9.4M | Add +3.2% |
| HLN Haleon PLC-ADR | 0.72% | 849,284 | $9.0M | Add +0.8% |
| OSW Onespaworld Holdings Ltd. | 0.71% | 540,500 | $8.9M | No change |
| ADBE Adobe Inc. | 0.69% | 16,798 | $8.7M | Reduce -39.9% |
| UPS United Parcel Service Class B | 0.69% | 63,513 | $8.7M | Add +0.2% |
| HBAN Huntington Bancshares Inc. | 0.68% | 580,803 | $8.5M | Add +0.7% |
| ELV Elevance Health Inc. | 0.65% | 15,741 | $8.2M | Add +0.8% |
| EMR Emerson Electric Co. | 0.65% | 74,639 | $8.2M | New |
| NXPI NXP Semiconductors NV | 0.64% | 33,657 | $8.1M | Reduce -5.7% |
| NKE Nike Inc. Class B | 0.62% | 87,374 | $7.7M | Add +0.8% |
| ZGN Ermenegildo Zegna NV | 0.61% | 775,737 | $7.6M | Reduce -3.8% |
| KLAC KLA Corp. | 0.59% | 9,626 | $7.5M | Add +4.4% |
| BAH Booz Allen Hamilton Holdings | 0.54% | 41,484 | $6.8M | Add +5.6% |
| CNC Centene Corp. | 0.53% | 88,973 | $6.7M | Add +0.3% |
| CDNS Cadence Design SYS Inc. | 0.50% | 23,217 | $6.3M | Add +25.9% |
| CAT Caterpillar Inc. | 0.47% | 15,230 | $6.0M | Add +9.1% |
| USB US Bancorp | 0.47% | 128,739 | $5.9M | Add +0.2% |
| TMO Thermo Fisher Scientific Inc. | 0.46% | 9,347 | $5.8M | Add +2.2% |
| UBER Uber Technologies Inc. | 0.46% | 76,159 | $5.7M | Reduce -49.1% |
| NDAQ Nasdaq Inc. | 0.45% | 76,554 | $5.6M | Add +4.3% |
| PGR Progressive Corp. | 0.44% | 21,818 | $5.5M | Add +8.7% |
| PTC PTC Inc. | 0.43% | 29,686 | $5.4M | Add +8.3% |
| PYPL PayPal Holdings Inc. | 0.42% | 67,799 | $5.3M | Reduce -28.6% |
| AMD Advanced Micro Devices | 0.42% | 31,751 | $5.2M | New |
| AFL Aflac Inc. | 0.39% | 44,151 | $4.9M | Reduce -54.5% |
| VRSK Verisk Analytics Inc. | 0.38% | 17,949 | $4.8M | Add +4.5% |
| VRTX Vertex Pharmaceuticals Inc. | 0.38% | 10,291 | $4.8M | Add +15.5% |
| SNOW Snowflake Inc. | 0.38% | 41,104 | $4.7M | Reduce -20.4% |
| KO The Coca-Cola Co. | 0.36% | 63,497 | $4.6M | Add +1.0% |
| AMAT Applied Materials Inc. | 0.36% | 22,257 | $4.5M | Reduce -24.8% |
| HDB HDFC Bank Ltd.-ADR | 0.35% | 70,000 | $4.4M | Add +84.2% |
| DHR Danaher Corp. | 0.32% | 14,322 | $4.0M | Add +6.9% |
| AME Ametek Inc. | 0.31% | 22,868 | $3.9M | Reduce -1.8% |
| SYK Stryker Corp. | 0.31% | 10,787 | $3.9M | Add +7.1% |
| WBD Warner Bros Discovery Inc. | 0.30% | 457,685 | $3.8M | Add +0.3% |
| HD Home Depot Inc. | 0.30% | 9,292 | $3.8M | Add +7.2% |
| MSI Motorola Solutions Inc. | 0.30% | 8,330 | $3.7M | Reduce -0.7% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.30% | 13,219 | $3.7M | Add +3.9% |
| ETN Eaton Corp. PLC | 0.29% | 10,948 | $3.6M | Add +4.7% |
| STX Seagate Technology Holdings | 0.29% | 32,823 | $3.6M | Reduce -64.2% |
| TCOM Trip.com Group Ltd.-ADR | 0.28% | 59,951 | $3.6M | Reduce -60.1% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.28% | 35,687 | $3.6M | Add +15.8% |
| LRCX Lam Research Corp. | 0.26% | 4,000 | $3.3M | Add +5.2% |
| HON Honeywell International Inc. | 0.25% | 15,323 | $3.2M | Add +8.1% |
| ROP Roper Technologies Inc. | 0.25% | 5,651 | $3.1M | Add +1.4% |
| TXN Texas Instruments Inc. | 0.25% | 15,208 | $3.1M | Reduce -2.0% |
| ADI Analog Devices Inc. | 0.23% | 12,655 | $2.9M | Reduce -49.1% |
| YMM Full Truck Alliance -SPN ADR | 0.23% | 323,161 | $2.9M | Reduce -58.6% |
| REGN Regeneron Pharmaceuticals | 0.23% | 2,759 | $2.9M | Add +6.7% |
| SPGI S&P Global Inc. | 0.23% | 5,572 | $2.9M | Add +3.0% |
| ARM Arm Holdings PLC-ADR | 0.22% | 19,697 | $2.8M | Reduce -2.0% |
| MRVL Marvell Technology Inc. | 0.22% | 37,800 | $2.7M | Reduce -32.5% |
| IT Gartner Inc. | 0.22% | 5,369 | $2.7M | Reduce -0.6% |
| RSG Republic Services Inc. | 0.21% | 13,120 | $2.6M | Reduce -0.9% |
| SNPS Synopsys Inc. | 0.21% | 5,179 | $2.6M | Reduce -0.4% |
| ATAT Atour Lifestyle Holdings-ADR | 0.21% | 100,000 | $2.6M | New |
Portfolio Sells Q2 2024 → Q3 2024
| GOOGL Alphabet Inc. Class A | Reduce -17.4% | 4.13% | −1.16 |
| NVDA Nvidia Corp. | Reduce -21.9% | 4.25% | −1.08 |
| MSFT Microsoft Corp. | Reduce -13.3% | 5.53% | −0.84 |
| MU Micron Technology Inc. | Reduce -88.7% | 0.08% | −0.79 |
| TEL Te Connectivity Ltd. | Sold out | 0.00% | −0.75 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.70 |
| DELL Dell Technologies -C | Sold out | 0.00% | −0.62 |
| ADBE Adobe Inc. | Reduce -39.9% | 0.69% | −0.50 |
| STX Seagate Technology Holdings | Reduce -64.2% | 0.29% | −0.44 |
| META Meta Platforms Inc. Class A | Reduce -25.9% | 3.02% | −0.43 |
| AMZN Amazon.com Inc. | Reduce -13.8% | 2.63% | −0.41 |
| UBER Uber Technologies Inc. | Reduce -49.1% | 0.46% | −0.38 |
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −0.37 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -29.5% | 0.97% | −0.36 |
| ABNB Airbnb Inc. Class A | Sold out | 0.00% | −0.35 |
| TOL Toll Brothers Inc. | Sold out | 0.00% | −0.31 |
| SIG Signet Jewelers Ltd. | Sold out | 0.00% | −0.31 |
| AFL Aflac Inc. | Reduce -54.5% | 0.39% | −0.27 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -60.1% | 0.28% | −0.26 |
| DXCM Dexcom Inc. | Reduce -33.4% | 0.18% | −0.26 |
| YMM Full Truck Alliance -SPN ADR | Reduce -58.6% | 0.23% | −0.25 |
| ADI Analog Devices Inc. | Reduce -49.1% | 0.23% | −0.20 |
| EXPE Expedia Group Inc. | Reduce -60.2% | 0.19% | −0.20 |
| AMAT Applied Materials Inc. | Reduce -24.8% | 0.36% | −0.18 |
| BZ Kanzhun Ltd. - ADR | Sold out | 0.00% | −0.17 |
| SNOW Snowflake Inc. | Reduce -20.4% | 0.38% | −0.16 |
| GOOG Alphabet Inc. Class C | Reduce -85.9% | 0.02% | −0.15 |
| EW Edwards Lifesciences Corp. | Sold out | 0.00% | −0.15 |
| ISRG Intuitive Surgical Inc. | Reduce -20.0% | 1.55% | −0.14 |
| ZGN Ermenegildo Zegna NV | Reduce -3.8% | 0.61% | −0.12 |
| MCHP Microchip Technology Inc. | Reduce -4.3% | 0.80% | −0.12 |
| CLS Celestica Inc. | Sold out | 0.00% | −0.11 |
| NXPI NXP Semiconductors NV | Reduce -5.7% | 0.64% | −0.09 |
| MRVL Marvell Technology Inc. | Reduce -32.5% | 0.22% | −0.08 |
| LBRDK Liberty Broadband-C | Sold out | 0.00% | −0.06 |
| WST West Pharmaceutical Services | Sold out | 0.00% | −0.05 |
| APH Amphenol Corp. Class A | Reduce -26.7% | 0.13% | −0.05 |
| FUTU Futu Holdings Ltd.-ADR | Sold out | 0.00% | −0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -0.1% | 0.10% | −0.03 |
| SPHR Sphere Entertainment Co. | Sold out | 0.00% | −0.03 |
| WIX Wix.com Ltd. | Reduce -25.0% | 0.13% | −0.03 |
| SNPS Synopsys Inc. | Reduce -0.4% | 0.21% | −0.03 |
| ARM Arm Holdings PLC-ADR | Reduce -2.0% | 0.22% | −0.03 |
| SWN Southwestern Energy Co. | Sold out | 0.00% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -9.8% | 0.95% | −0.02 |
| AMED Amedisys Inc. | Sold out | 0.00% | −0.02 |
| AXONICS INC | Sold out | 0.00% | −0.02 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.02 |
| MRNA Moderna Inc. | Reduce -0.8% | 0.03% | −0.02 |
| CTLT Catalent Inc. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q2 2024 → Q3 2024
| LIN Linde PLC | Add +8.5% | 6.41% | +1.18 |
| VIK Viking Holdings Ltd. | New | 1.14% | +1.14 |
| LLY Eli Lilly & Co. | Add +55.3% | 2.12% | +0.78 |
| EMR Emerson Electric Co. | New | 0.65% | +0.65 |
| FISV Fiserv Inc. | Add +27.8% | 1.64% | +0.62 |
| ORCL Oracle Corp. | Add +1.2% | 2.89% | +0.61 |
| UNH Unitedhealth Group Inc. | Add +20.3% | 1.53% | +0.46 |
| AMD Advanced Micro Devices | New | 0.42% | +0.42 |
| SCHW Schwab (charles) Corp. | Add +58.5% | 1.12% | +0.35 |
| JPM JPMorgan Chase & Co. | Add +12.4% | 1.39% | +0.25 |
| BMY Bristol-Myers Squibb Co. | Add +0.7% | 1.00% | +0.23 |
| PSA Public Storage | Add +0.4% | 0.96% | +0.23 |
| ATAT Atour Lifestyle Holdings-ADR | New | 0.21% | +0.21 |
| AVGO Broadcom Inc. | Add +11.7% | 0.99% | +0.20 |
| HLN Haleon PLC-ADR | Add +0.8% | 0.72% | +0.18 |
| HLT Hilton Worldwide Holdings Inc. | Add +3.0% | 1.44% | +0.17 |
| HDB HDFC Bank Ltd.-ADR | Add +84.2% | 0.35% | +0.16 |
| EA Electronic Arts Inc. | Add +14.2% | 0.83% | +0.15 |
| MA Mastercard Inc. Class A | Add +2.3% | 0.94% | +0.15 |
| H Hyatt Hotels Corp. Class A | Add +10.6% | 0.99% | +0.13 |
| MDT Medtronic PLC | Add +0.4% | 0.78% | +0.13 |
| PG The Procter & Gamble Co. | New | 0.13% | +0.13 |
| PGR Progressive Corp. | Add +8.7% | 0.44% | +0.12 |
| SPOT Spotify Technology SA | New | 0.12% | +0.12 |
| JNJ Johnson & Johnson | Add +3.2% | 0.75% | +0.12 |
| CAT Caterpillar Inc. | Add +9.1% | 0.47% | +0.12 |
| KDP Keurig Dr Pepper Inc. | Add +0.3% | 0.81% | +0.12 |
| NKE Nike Inc. Class B | Add +0.8% | 0.62% | +0.11 |
| NDAQ Nasdaq Inc. | Add +4.3% | 0.45% | +0.11 |
| PM Philip Morris International | New | 0.10% | +0.10 |
| RF Regions Financial Corp. | New | 0.10% | +0.10 |
| HBAN Huntington Bancshares Inc. | Add +0.7% | 0.68% | +0.10 |
| FTNT Fortinet Inc. | Add +46.5% | 0.19% | +0.09 |
| BKNG Booking Holdings Inc. | Add +0.8% | 0.90% | +0.09 |
| INTU Intuit Inc. | Add +12.9% | 0.86% | +0.08 |
| XOM Exxon Mobil Corp. | Add +0.5% | 1.41% | +0.08 |
| CNC Centene Corp. | Add +0.3% | 0.53% | +0.08 |
| TME Tencent Music Entertainm-ADR | Add +108.0% | 0.18% | +0.08 |
| GS Goldman Sachs Group Inc. | New | 0.08% | +0.08 |
| USB US Bancorp | Add +0.2% | 0.47% | +0.08 |
| BAH Booz Allen Hamilton Holdings | Add +5.6% | 0.54% | +0.07 |
| TMO Thermo Fisher Scientific Inc. | Add +2.2% | 0.46% | +0.07 |
| HD Home Depot Inc. | Add +7.2% | 0.30% | +0.07 |
| CDNS Cadence Design SYS Inc. | Add +25.9% | 0.50% | +0.07 |
| NOC Northrop Grumman Corp. | New | 0.06% | +0.06 |
| VRTX Vertex Pharmaceuticals Inc. | Add +15.5% | 0.38% | +0.06 |
| DHR Danaher Corp. | Add +6.9% | 0.32% | +0.06 |
| KO The Coca-Cola Co. | Add +1.0% | 0.36% | +0.06 |
| SYK Stryker Corp. | Add +7.1% | 0.31% | +0.05 |
| PTC PTC Inc. | Add +8.3% | 0.43% | +0.05 |
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 |