GAM Holding AG
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 31, 2025), GAM Holding AG reported 169 stock positions worth $1.3 billion. Its top holding was Microsoft (MSFT) at 5.8% of the portfolio, followed by Alphabet Class A (GOOGL, 4.7%) and Nvidia (NVDA, 4.7%). Compared with Q3 2024, it opened 40 new positions, sold out of 23, added to 38 and reduced 86. The biggest buy was Broadcom (AVGO, shares +75%) and the biggest sale Linde (LIN, shares −29%).
- Most Recent 13F
- Q2 2026
- Location
- Zurich, V8
- CIK
- 0001438848
- Portfolio Value
- $1.3B (Q4 2024)
- SEC Filing
- 0001172661-25-000446 ↗ filed Jan 31, 2025
Holdings Value
Holdings 169 stocks · $1.3B
| MSFT Microsoft Corp. | 5.80% | 184,647 | $77.8M | Add +14.4% |
| GOOGL Alphabet Inc. Class A | 4.67% | 330,487 | $62.6M | Add +5.8% |
| NVDA Nvidia Corp. | 4.66% | 464,873 | $62.4M | Add +6.0% |
| LIN Linde PLC | 3.75% | 120,144 | $50.3M | Reduce -28.7% |
| AMZN Amazon.com Inc. | 3.57% | 218,205 | $47.9M | Add +23.3% |
| AAPL Apple Inc. | 3.47% | 185,647 | $46.5M | Add +16.1% |
| META Meta Platforms Inc. Class A | 2.97% | 68,035 | $39.8M | Add +2.8% |
| ORCL Oracle Corp. | 2.39% | 192,642 | $32.1M | Reduce -9.3% |
| AVGO Broadcom Inc. | 2.18% | 125,850 | $29.2M | Add +74.8% |
| V Visa Inc. Class A | 1.97% | 83,671 | $26.4M | Add +5.1% |
| LLY Eli Lilly & Co. | 1.93% | 33,490 | $25.9M | Add +11.7% |
| UNH Unitedhealth Group Inc. | 1.71% | 45,274 | $22.9M | Add +38.1% |
| FISV Fiserv Inc. | 1.62% | 105,871 | $21.7M | Reduce -7.5% |
| JPM JPMorgan Chase & Co. | 1.62% | 90,711 | $21.7M | Add +9.3% |
| NFLX Netflix Inc. | 1.54% | 23,218 | $20.7M | Reduce -7.0% |
| HLT Hilton Worldwide Holdings Inc. | 1.43% | 77,820 | $19.2M | Reduce -0.9% |
| VIK Viking Holdings Ltd. | 1.34% | 408,501 | $18.0M | No change |
| XOM Exxon Mobil Corp. | 1.29% | 160,909 | $17.3M | Add +6.8% |
| MAR Marriott International Class A | 1.28% | 61,350 | $17.1M | Reduce -0.0% |
| RL Ralph Lauren Corp. | 1.16% | 67,400 | $15.6M | No change |
| PG The Procter & Gamble Co. | 1.14% | 91,485 | $15.3M | Add +908.6% |
| SCHW Schwab (charles) Corp. | 1.10% | 199,808 | $14.8M | Reduce -7.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.10% | 132,075 | $14.7M | Add +2.2% |
| TSM Taiwan Semiconductor-SP ADR | 1.08% | 73,131 | $14.4M | Add +4.5% |
| COST Costco Wholesale Corp. | 1.07% | 15,658 | $14.3M | Add +16.5% |
| ISRG Intuitive Surgical Inc. | 1.02% | 26,191 | $13.7M | Reduce -34.0% |
| AS Amer Sports Inc. | 1.00% | 481,400 | $13.5M | New |
| MKL Markel Group Inc. | 0.99% | 7,665 | $13.2M | Reduce -4.8% |
| MA Mastercard Inc. Class A | 0.98% | 24,833 | $13.1M | Add +4.0% |
| INTU Intuit Inc. | 0.96% | 20,421 | $12.8M | Add +17.1% |
| VOO Vanguard S&P 500 ETF | 0.89% | 22,250 | $12.0M | Reduce -13.5% |
| MRK Merck & Co. Inc. | 0.87% | 117,538 | $11.7M | Add +7.7% |
| BKNG Booking Holdings Inc. | 0.87% | 2,344 | $11.6M | Reduce -12.1% |
| BMY Bristol-Myers Squibb Co. | 0.85% | 202,646 | $11.5M | Reduce -16.3% |
| COP Conocophillips | 0.85% | 114,484 | $11.4M | Add +3.1% |
| SN Sharkninja Inc. | 0.83% | 114,479 | $11.1M | Add +14.4% |
| OSW Onespaworld Holdings Ltd. | 0.80% | 540,500 | $10.8M | No change |
| INFY Infosys Ltd.-SP ADR | 0.79% | 483,336 | $10.6M | Add +1.4% |
| TPR Tapestry Inc. | 0.78% | 160,900 | $10.5M | New |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.76% | 186,300 | $10.2M | Reduce -34.0% |
| NOW ServiceNow Inc. | 0.75% | 9,498 | $10.1M | Reduce -15.8% |
| EA Electronic Arts Inc. | 0.73% | 67,205 | $9.8M | Reduce -7.5% |
| PSA Public Storage | 0.71% | 31,664 | $9.5M | Reduce -4.3% |
| EMR Emerson Electric Co. | 0.69% | 74,346 | $9.2M | Reduce -0.4% |
| EOG EOG Resources Inc. | 0.68% | 74,911 | $9.2M | Reduce -6.7% |
| HBAN Huntington Bancshares Inc. | 0.65% | 536,223 | $8.7M | Reduce -7.7% |
| TEL Te Connectivity PLC | 0.65% | 60,719 | $8.7M | New |
| KDP Keurig Dr Pepper Inc. | 0.61% | 256,009 | $8.2M | Reduce -5.3% |
| MDT Medtronic PLC | 0.59% | 98,718 | $7.9M | Reduce -9.7% |
| UPS United Parcel Service Class B | 0.58% | 61,574 | $7.8M | Reduce -3.0% |
| ADBE Adobe Inc. | 0.58% | 17,417 | $7.7M | Add +3.7% |
| JNJ Johnson & Johnson | 0.57% | 52,900 | $7.7M | Reduce -8.8% |
| HLN Haleon PLC-ADR | 0.56% | 792,102 | $7.6M | Reduce -6.7% |
| UBER Uber Technologies Inc. | 0.54% | 119,599 | $7.2M | Add +57.0% |
| H Hyatt Hotels Corp. Class A | 0.54% | 45,900 | $7.2M | Reduce -43.8% |
| NXPI NXP Semiconductors NV | 0.52% | 33,393 | $6.9M | Reduce -0.8% |
| CDNS Cadence Design SYS Inc. | 0.50% | 22,307 | $6.7M | Reduce -3.9% |
| AMAT Applied Materials Inc. | 0.49% | 40,354 | $6.6M | Add +81.3% |
| NKE Nike Inc. Class B | 0.47% | 83,614 | $6.3M | Reduce -4.3% |
| LRCX Lam Research Corp. | 0.44% | 81,031 | $5.9M | Add +102.6% |
| ZGN Ermenegildo Zegna NV | 0.44% | 707,337 | $5.8M | Reduce -8.8% |
| PTC PTC Inc. | 0.42% | 30,649 | $5.6M | Add +3.2% |
| USB US Bancorp | 0.41% | 115,512 | $5.5M | Reduce -10.3% |
| ELV Elevance Health Inc. | 0.40% | 14,709 | $5.4M | Reduce -6.6% |
| HD Home Depot Inc. | 0.40% | 13,644 | $5.3M | Add +46.8% |
| NDAQ Nasdaq Inc. | 0.39% | 67,975 | $5.3M | Reduce -11.2% |
| AMD Advanced Micro Devices | 0.39% | 43,024 | $5.2M | Add +35.5% |
| CAT Caterpillar Inc. | 0.39% | 14,243 | $5.2M | Reduce -6.5% |
| BAH Booz Allen Hamilton Holdings | 0.37% | 38,890 | $5.0M | Reduce -6.3% |
| PGR Progressive Corp. | 0.37% | 20,629 | $4.9M | Reduce -5.5% |
| YMM Full Truck Alliance -SPN ADR | 0.37% | 456,786 | $4.9M | Add +41.4% |
| HON Honeywell International Inc. | 0.36% | 21,104 | $4.8M | Add +37.7% |
| WBD Warner Bros Discovery Inc. | 0.35% | 446,648 | $4.7M | Reduce -2.4% |
| GE General Electric filed as GE AEROSPACE | 0.35% | 28,009 | $4.7M | New |
| VRSK Verisk Analytics Inc. | 0.34% | 16,569 | $4.6M | Reduce -7.7% |
| AFL Aflac Inc. | 0.34% | 44,076 | $4.6M | Reduce -0.2% |
| PYPL PayPal Holdings Inc. | 0.34% | 53,344 | $4.6M | Reduce -21.3% |
| TMO Thermo Fisher Scientific Inc. | 0.33% | 8,625 | $4.5M | Reduce -7.7% |
| VRTX Vertex Pharmaceuticals Inc. | 0.30% | 10,057 | $4.0M | Reduce -2.3% |
| AME Ametek Inc. | 0.29% | 21,873 | $3.9M | Reduce -4.3% |
| GOOG Alphabet Inc. Class C | 0.29% | 20,391 | $3.9M | Add +1050.7% |
| IBN Icici Bank Ltd.-Spon ADR | 0.28% | 126,285 | $3.8M | Add +57.9% |
| KO The Coca-Cola Co. | 0.28% | 60,237 | $3.8M | Reduce -5.1% |
| MSI Motorola Solutions Inc. | 0.27% | 7,716 | $3.6M | Reduce -7.4% |
| SYK Stryker Corp. | 0.27% | 9,900 | $3.6M | Reduce -8.2% |
| ADSK Autodesk Inc. | 0.26% | 11,683 | $3.5M | New |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.25% | 11,993 | $3.4M | Reduce -9.3% |
| ETN Eaton Corp. PLC | 0.25% | 10,022 | $3.3M | Reduce -8.5% |
| HDB HDFC Bank Ltd.-ADR | 0.24% | 50,000 | $3.2M | Reduce -28.6% |
| EXPE Expedia Group Inc. | 0.24% | 17,077 | $3.2M | Add +6.6% |
| DHR Danaher Corp. | 0.22% | 12,916 | $3.0M | Reduce -9.8% |
| TCOM Trip.com Group Ltd.-ADR | 0.22% | 42,166 | $2.9M | Reduce -29.7% |
| FTNT Fortinet Inc. | 0.20% | 29,064 | $2.7M | Reduce -7.1% |
| ADP Automatic Data Processing | 0.20% | 9,203 | $2.7M | New |
| GS Goldman Sachs Group Inc. | 0.20% | 4,702 | $2.7M | Add +130.3% |
| ROP Roper Technologies Inc. | 0.20% | 5,179 | $2.7M | Reduce -8.3% |
| WIT Wipro Ltd.-ADR | 0.20% | 760,000 | $2.7M | No change |
| TXN Texas Instruments Inc. | 0.20% | 13,999 | $2.6M | Reduce -8.0% |
| ADI Analog Devices Inc. | 0.19% | 12,254 | $2.6M | Reduce -3.2% |
| SPGI S&P Global Inc. | 0.19% | 5,088 | $2.5M | Reduce -8.7% |
Portfolio Sells Q3 2024 → Q4 2024
| LIN Linde PLC | Reduce -28.7% | 3.75% | −2.66 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.80 |
| ISRG Intuitive Surgical Inc. | Reduce -34.0% | 1.02% | −0.53 |
| CNC Centene Corp. | Sold out | 0.00% | −0.53 |
| KLAC KLA Corp. | Reduce -78.8% | 0.10% | −0.50 |
| ORCL Oracle Corp. | Reduce -9.3% | 2.39% | −0.49 |
| H Hyatt Hotels Corp. Class A | Reduce -43.8% | 0.54% | −0.45 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.38 |
| ONON On Holding AG Class A | Reduce -34.0% | 0.76% | −0.37 |
| STX Seagate Technology Holdings | Sold out | 0.00% | −0.29 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.28 |
| PSA Public Storage | Reduce -4.3% | 0.71% | −0.25 |
| ELV Elevance Health Inc. | Reduce -6.6% | 0.40% | −0.25 |
| MDT Medtronic PLC | Reduce -9.7% | 0.59% | −0.20 |
| KDP Keurig Dr Pepper Inc. | Reduce -5.3% | 0.61% | −0.19 |
| ATHM Autohome Inc.-ADR | Sold out | 0.00% | −0.19 |
| VOO Vanguard S&P 500 ETF | Reduce -13.5% | 0.89% | −0.19 |
| OMCL Omnicell Inc. | Sold out | 0.00% | −0.18 |
| JNJ Johnson & Johnson | Reduce -8.8% | 0.57% | −0.18 |
| BP BP PLC-Spons ADR | Sold out | 0.00% | −0.18 |
| TME Tencent Music Entertainm-ADR | Sold out | 0.00% | −0.18 |
| ZGN Ermenegildo Zegna NV | Reduce -8.8% | 0.44% | −0.17 |
| BAH Booz Allen Hamilton Holdings | Reduce -6.3% | 0.37% | −0.17 |
| MRVL Marvell Technology Inc. | Reduce -81.5% | 0.06% | −0.16 |
| HLN Haleon PLC-ADR | Reduce -6.7% | 0.56% | −0.15 |
| NKE Nike Inc. Class B | Reduce -4.3% | 0.47% | −0.14 |
| BMY Bristol-Myers Squibb Co. | Reduce -16.3% | 0.85% | −0.14 |
| WIX Wix.com Ltd. | Sold out | 0.00% | −0.13 |
| NXPI NXP Semiconductors NV | Reduce -0.8% | 0.52% | −0.13 |
| TMO Thermo Fisher Scientific Inc. | Reduce -7.7% | 0.33% | −0.13 |
| RNW Renew Energy Global PLC-A | Sold out | 0.00% | −0.13 |
| DXCM Dexcom Inc. | Reduce -71.2% | 0.06% | −0.12 |
| UPS United Parcel Service Class B | Reduce -3.0% | 0.58% | −0.11 |
| HDB HDFC Bank Ltd.-ADR | Reduce -28.6% | 0.24% | −0.11 |
| SNPS Synopsys Inc. | Reduce -43.6% | 0.11% | −0.10 |
| EOG EOG Resources Inc. | Reduce -6.7% | 0.68% | −0.10 |
| EA Electronic Arts Inc. | Reduce -7.5% | 0.73% | −0.10 |
| DHR Danaher Corp. | Reduce -9.8% | 0.22% | −0.10 |
| REGN Regeneron Pharmaceuticals | Reduce -5.6% | 0.14% | −0.09 |
| CAT Caterpillar Inc. | Reduce -6.5% | 0.39% | −0.09 |
| KO The Coca-Cola Co. | Reduce -5.1% | 0.28% | −0.08 |
| PYPL PayPal Holdings Inc. | Reduce -21.3% | 0.34% | −0.08 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -2.3% | 0.30% | −0.08 |
| PGR Progressive Corp. | Reduce -5.5% | 0.37% | −0.07 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -29.7% | 0.22% | −0.07 |
| APTV Aptiv Irish Holdings Ltd. | Sold out | 0.00% | −0.06 |
| CPRI Capri Holdings Ltd. | Sold out | 0.00% | −0.06 |
| USB US Bancorp | Reduce -10.3% | 0.41% | −0.06 |
| TXN Texas Instruments Inc. | Reduce -8.0% | 0.20% | −0.05 |
| NOW ServiceNow Inc. | Reduce -15.8% | 0.75% | −0.05 |
Portfolio Buys Q3 2024 → Q4 2024
| AVGO Broadcom Inc. | Add +74.8% | 2.18% | +1.19 |
| PG The Procter & Gamble Co. | Add +908.6% | 1.14% | +1.02 |
| AS Amer Sports Inc. | New | 1.00% | +1.00 |
| AMZN Amazon.com Inc. | Add +23.3% | 3.57% | +0.94 |
| TPR Tapestry Inc. | New | 0.78% | +0.78 |
| TEL Te Connectivity PLC | New | 0.65% | +0.65 |
| GOOGL Alphabet Inc. Class A | Add +5.8% | 4.67% | +0.53 |
| AAPL Apple Inc. | Add +16.1% | 3.47% | +0.49 |
| NVDA Nvidia Corp. | Add +6.0% | 4.66% | +0.41 |
| GE General Electric | New | 0.35% | +0.35 |
| MSFT Microsoft Corp. | Add +14.4% | 5.80% | +0.27 |
| GOOG Alphabet Inc. Class C | Add +1050.7% | 0.29% | +0.27 |
| ADSK Autodesk Inc. | New | 0.26% | +0.26 |
| V Visa Inc. Class A | Add +5.1% | 1.97% | +0.23 |
| JPM JPMorgan Chase & Co. | Add +9.3% | 1.62% | +0.23 |
| ADP Automatic Data Processing | New | 0.20% | +0.20 |
| UNH Unitedhealth Group Inc. | Add +38.1% | 1.71% | +0.18 |
| LRCX Lam Research Corp. | Add +102.6% | 0.44% | +0.18 |
| UDR Udr Inc. | New | 0.16% | +0.16 |
| WMT Walmart Inc. | New | 0.15% | +0.15 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.14% | +0.14 |
| YMM Full Truck Alliance -SPN ADR | Add +41.4% | 0.37% | +0.14 |
| AMAT Applied Materials Inc. | Add +81.3% | 0.49% | +0.13 |
| LEA Lear Corp. | New | 0.12% | +0.12 |
| LNT Alliant Energy Corp. | New | 0.12% | +0.12 |
| GS Goldman Sachs Group Inc. | Add +130.3% | 0.20% | +0.12 |
| COST Costco Wholesale Corp. | Add +16.5% | 1.07% | +0.12 |
| CRM Salesforce Inc. | New | 0.12% | +0.12 |
| PPG PPG Industries Inc. | New | 0.12% | +0.12 |
| BA The Boeing Co. | New | 0.12% | +0.12 |
| ABBV Abbvie Inc. | New | 0.11% | +0.11 |
| TSM Taiwan Semiconductor-SP ADR | Add +4.5% | 1.08% | +0.11 |
| ACN Accenture PLC Class A | New | 0.11% | +0.11 |
| CPAY Corpay Inc. | New | 0.11% | +0.11 |
| DIS The Walt Disney Co. | Add +2.2% | 1.10% | +0.11 |
| HON Honeywell International Inc. | Add +37.7% | 0.36% | +0.10 |
| PLD Prologis Inc. | New | 0.10% | +0.10 |
| CVX Chevron Corp. | New | 0.10% | +0.10 |
| HD Home Depot Inc. | Add +46.8% | 0.40% | +0.10 |
| ALV Autoliv Inc. | New | 0.09% | +0.09 |
| INTU Intuit Inc. | Add +17.1% | 0.96% | +0.09 |
| IBM Intl Business Machines Corp. | New | 0.09% | +0.09 |
| ABT Abbott Laboratories | New | 0.09% | +0.09 |
| IBN Icici Bank Ltd.-Spon ADR | Add +57.9% | 0.28% | +0.09 |
| LOW Lowe's Cos Inc. | New | 0.09% | +0.09 |
| CSCO Cisco Systems Inc. | New | 0.09% | +0.09 |
| BWA Borgwarner Inc. | New | 0.09% | +0.09 |
| TJX TJX Companies Inc. | New | 0.09% | +0.09 |
| DLR Digital Realty Trust Inc. | New | 0.09% | +0.09 |
| APP AppLovin Corp. Class A | New | 0.09% | +0.09 |
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 |