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

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.4B Q1 2024 Q2 2024: $1.3B Q2 2024 Q3 2024: $1.3B $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 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
UNP Union Pacific Corp. 0.20% 10,406 $2.6M Add +1.9%
IDXX Idexx Laboratories Inc. 0.20% 5,033 $2.5M Add +2.9%
ROK Rockwell Automation Inc. 0.20% 9,346 $2.5M Add +2.6%
WIT Wipro Ltd.-ADR 0.20% 380,000 $2.5M No change
FTNT Fortinet Inc. 0.19% 31,293 $2.4M Add +46.5%
ATHM Autohome Inc.-ADR 0.19% 74,000 $2.4M Reduce -7.5%
IBN Icici Bank Ltd.-Spon ADR 0.19% 80,000 $2.4M No change
EXPE Expedia Group Inc. 0.19% 16,022 $2.4M Reduce -60.2%
OMCL Omnicell Inc. 0.18% 51,972 $2.3M Reduce -36.9%
BP BP PLC-Spons ADR 0.18% 71,033 $2.2M Add +29.3%
DXCM Dexcom Inc. 0.18% 33,139 $2.2M Reduce -33.4%
TME Tencent Music Entertainm-ADR 0.18% 183,000 $2.2M Add +108.0%
BWXT BWX Technologies Inc. 0.17% 19,055 $2.1M Reduce -1.0%
BSX Boston Scientific Corp. 0.15% 22,660 $1.9M Reduce -0.3%
IR Ingersoll-Rand Inc. 0.14% 17,639 $1.7M Reduce -0.5%
ICLR Icon PLC 0.14% 5,954 $1.7M Reduce -0.3%
APH Amphenol Corp. Class A 0.13% 25,446 $1.7M Reduce -26.7%
WIX Wix.com Ltd. 0.13% 9,741 $1.6M Reduce -25.0%
RNW Renew Energy Global PLC-A 0.13% 250,000 $1.6M No change
PG The Procter & Gamble Co. 0.13% 9,070 $1.6M New
SPOT Spotify Technology SA 0.12% 4,123 $1.5M New
IQV Iqvia Holdings Inc. 0.12% 6,359 $1.5M Reduce -0.5%
DE Deere & Co. 0.12% 3,595 $1.5M Reduce -0.8%
VWO Vanguard Ftse Emerging Marke 0.12% 31,000 $1.5M No change
CPRT Copart Inc. 0.11% 26,818 $1.4M Reduce -0.4%
SYY Sysco Corp. 0.11% 17,638 $1.4M Reduce -0.8%
CRWD CrowdStrike Holdings Inc. Class A 0.10% 4,633 $1.3M Reduce -0.1%
RF Regions Financial Corp. 0.10% 52,963 $1.2M New
PM Philip Morris International 0.10% 10,176 $1.2M New
FICO Fair Isaac Corp. 0.09% 550 $1.1M Reduce -0.2%
DRI Darden Restaurants Inc. 0.08% 6,481 $1.1M Reduce -0.8%
MU Micron Technology Inc. 0.08% 9,787 $1.0M Reduce -88.7%
GS Goldman Sachs Group Inc. 0.08% 2,042 $1.0M New
LULU Lululemon Athletica Inc. 0.07% 3,418 $927K Reduce -0.3%
CTVA Corteva Inc. 0.07% 15,712 $924K Reduce -0.6%
APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC 0.06% 11,259 $811K Reduce -0.3%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.06% 9,433 $809K Reduce -0.7%
NOC Northrop Grumman Corp. 0.06% 1,522 $804K New
LYV Live Nation Entertainment Inc. 0.06% 7,099 $777K Reduce -0.3%
CPRI Capri Holdings Ltd. 0.06% 18,000 $764K No change
DAR Darling Ingredients Inc. 0.05% 15,358 $571K Reduce -0.8%
GOOS Canada Goose Holdings Inc. 0.04% 40,000 $501K Add +60.0%
HES Hess Corp. 0.03% 3,006 $408K New
SIRI Sirius XM Holdings Inc. 0.03% 16,750 $396K New
ACI Albertsons Cos Inc. Class A 0.03% 20,008 $370K Add +33.3%
MRNA Moderna Inc. 0.03% 5,129 $343K Reduce -0.8%
TELL Tellurian Inc. 0.03% 350,000 $339K New
CDZI Cadiz Inc. 0.02% 100,000 $303K Add +100.0%
GOOG Alphabet Inc. Class C 0.02% 1,772 $296K Reduce -85.9%
EVRI Everi Holdings Inc. 0.02% 15,000 $197K New
NAK Northern Dynasty Minerals 0.01% 500,000 $166K No change
ABEV Ambev SA-ADR 0.01% 29,000 $71K 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

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