GAM Holding AG
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed August 13, 2026), GAM Holding AG reported 276 stock positions worth $1.1 billion. Its top holding was Nvidia (NVDA) at 5.6% of the portfolio, followed by Microsoft (MSFT, 4.4%) and Alphabet Class A (GOOGL, 4.4%). Compared with Q4 2025, it opened 61 new positions, sold out of 73, added to 61 and reduced 145. The biggest buy was iShares MSCI World ETF (URTH, shares +5%) and the biggest sale Booking (BKNG, shares −97%).
- Most Recent 13F
- Q2 2026
- Location
- Zurich, V8
- CIK
- 0001438848
- Portfolio Value
- $1.1B (Q1 2026)
- SEC Filing
- 0001172661-26-003350 ↗ filed Aug 13, 2026
Holdings Value
Holdings 276 stocks · $1.1B
| NVDA Nvidia Corp. | 5.64% | 368,292 | $64.2M | Reduce -10.6% |
| MSFT Microsoft Corp. | 4.44% | 136,639 | $50.6M | Reduce -19.6% |
| GOOGL Alphabet Inc. Class A | 4.41% | 174,544 | $50.2M | Reduce -31.5% |
| AAPL Apple Inc. | 4.19% | 187,909 | $47.7M | Reduce -17.9% |
| AMZN Amazon.com Inc. | 3.34% | 182,545 | $38.0M | Reduce -5.7% |
| META Meta Platforms Inc. Class A | 2.46% | 48,999 | $28.0M | Reduce -27.1% |
| UBS UBS Group AG-Reg | 2.36% | 702,763 | $26.9M | Reduce -31.1% |
| URTH iShares MSCI World ETF | 2.28% | 144,437 | $26.0M | Add +5.2% |
| AVGO Broadcom Inc. | 2.09% | 76,890 | $23.8M | Reduce -3.4% |
| LLY Eli Lilly & Co. | 1.83% | 22,607 | $20.8M | Add +11.9% |
| V Visa Inc. Class A | 1.81% | 68,397 | $20.7M | Reduce -24.1% |
| RACE Ferrari NV | 1.30% | 43,775 | $14.8M | Add +24.4% |
| JNJ Johnson & Johnson | 1.25% | 58,084 | $14.2M | Add +3.8% |
| HLT Hilton Worldwide Holdings Inc. | 1.22% | 45,546 | $13.8M | Reduce -12.6% |
| XOM Exxon Mobil Corp. | 1.21% | 81,059 | $13.8M | Reduce -34.4% |
| TSM Taiwan Semiconductor-SP ADR | 1.20% | 40,397 | $13.7M | Reduce -8.8% |
| AMAT Applied Materials Inc. | 1.18% | 39,224 | $13.4M | Reduce -7.0% |
| TTE Totalenergies SE | 1.10% | 134,440 | $12.5M | Reduce -31.0% |
| AMRZ Amrize Ltd. | 1.09% | 229,309 | $12.4M | Reduce -27.9% |
| TPR Tapestry Inc. | 1.08% | 87,540 | $12.4M | Reduce -9.0% |
| JPM JPMorgan Chase & Co. | 1.05% | 40,667 | $12.0M | Reduce -26.7% |
| LOGI Logitech International-Reg | 1.03% | 130,350 | $11.7M | Reduce -7.4% |
| MRK Merck & Co. Inc. | 1.00% | 94,852 | $11.4M | Reduce -27.4% |
| PG The Procter & Gamble Co. | 0.98% | 77,615 | $11.2M | Reduce -27.9% |
| ZGN Ermenegildo Zegna NV | 0.96% | 1,045,742 | $10.9M | Add +47.9% |
| CRH CRH PLC | 0.94% | 103,783 | $10.7M | Reduce -25.4% |
| WMT Walmart Inc. | 0.91% | 83,710 | $10.4M | Add +4.3% |
| RL Ralph Lauren Corp. | 0.90% | 29,730 | $10.2M | Reduce -9.8% |
| CSCO Cisco Systems Inc. | 0.85% | 124,373 | $9.7M | Add +28.4% |
| MA Mastercard Inc. Class A | 0.82% | 18,792 | $9.4M | Reduce -32.9% |
| VIK Viking Holdings Ltd. | 0.79% | 122,401 | $9.0M | Reduce -25.4% |
| COST Costco Wholesale Corp. | 0.76% | 8,718 | $8.7M | Reduce -24.9% |
| ALC Alcon Inc. filed as ALCON AG | 0.75% | 116,538 | $8.6M | Reduce -40.4% |
| MAR Marriott International Class A | 0.75% | 26,050 | $8.5M | Add +22.5% |
| COP Conocophillips | 0.73% | 62,699 | $8.3M | Add +42.8% |
| IEMG iShares Core MSCI Emerging | 0.73% | 118,528 | $8.3M | Reduce -1.8% |
| GOOG Alphabet Inc. Class C | 0.68% | 27,116 | $7.8M | Add +5.0% |
| KO The Coca-Cola Co. | 0.66% | 98,665 | $7.5M | Add +14.8% |
| NFLX Netflix Inc. | 0.65% | 76,894 | $7.4M | Reduce -47.9% |
| WFC Wells Fargo & Co. | 0.65% | 92,467 | $7.4M | Reduce -34.3% |
| SW Smurfit Westrock PLC | 0.64% | 182,186 | $7.3M | Reduce -18.4% |
| VOO Vanguard S&P 500 ETF | 0.63% | 12,000 | $7.2M | Reduce -46.1% |
| AS Amer Sports Inc. | 0.63% | 217,100 | $7.1M | Reduce -19.2% |
| RCL Royal Caribbean Cruises Ltd. | 0.61% | 25,090 | $6.9M | Reduce -30.0% |
| MELI MercadoLibre Inc. | 0.60% | 3,982 | $6.9M | Add +15.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.60% | 28,228 | $6.8M | Reduce -44.7% |
| LIN Linde PLC | 0.59% | 13,498 | $6.7M | Reduce -32.6% |
| CAT Caterpillar Inc. | 0.58% | 9,328 | $6.6M | Reduce -32.9% |
| EMR Emerson Electric Co. | 0.58% | 50,006 | $6.6M | Reduce -31.9% |
| IEF iShares 7-10 Year Treasury B | 0.57% | 68,000 | $6.5M | No change |
| UNH Unitedhealth Group Inc. | 0.57% | 23,842 | $6.5M | Reduce -5.6% |
| XP XP Inc. Class A | 0.56% | 335,463 | $6.4M | Add +34.9% |
| MKL Markel Group Inc. | 0.56% | 3,304 | $6.3M | Reduce -40.9% |
| SCHW Schwab (charles) Corp. | 0.54% | 65,412 | $6.1M | Reduce -25.0% |
| ETN Eaton Corp. PLC | 0.53% | 16,980 | $6.1M | Add +5.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.52% | 61,165 | $5.9M | Reduce -41.3% |
| EOG EOG Resources Inc. | 0.51% | 40,555 | $5.9M | Reduce -30.3% |
| HBAN Huntington Bancshares Inc. | 0.49% | 359,174 | $5.6M | Reduce -15.6% |
| VZ Verizon Communications Inc. | 0.48% | 109,254 | $5.5M | Reduce -45.6% |
| DELL Dell Technologies -C | 0.43% | 30,029 | $4.9M | Add +21.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.43% | 10,278 | $4.9M | Reduce -19.3% |
| EFIV SS SPDR S&P 500 ESG ETF | 0.42% | 75,715 | $4.8M | Reduce -50.0% |
| ORCL Oracle Corp. | 0.38% | 29,361 | $4.3M | Reduce -57.6% |
| OSW Onespaworld Holdings Ltd. | 0.37% | 182,600 | $4.2M | Reduce -45.0% |
| NAK Northern Dynasty Minerals | 0.35% | 2,860,000 | $4.0M | Reduce -21.1% |
| APH Amphenol Corp. Class A | 0.35% | 31,327 | $4.0M | Reduce -31.9% |
| MDT Medtronic PLC | 0.34% | 45,029 | $3.9M | Reduce -41.8% |
| PSA Public Storage | 0.33% | 13,869 | $3.8M | Reduce -38.8% |
| KLAC KLA Corp. | 0.32% | 2,472 | $3.6M | Add +186.8% |
| ADI Analog Devices Inc. | 0.32% | 11,364 | $3.6M | Reduce -11.9% |
| GE General Electric filed as GE AEROSPACE | 0.31% | 12,346 | $3.5M | Reduce -38.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.31% | 71,694 | $3.5M | Reduce -35.0% |
| SN Sharkninja Inc. | 0.30% | 32,413 | $3.4M | Reduce -34.4% |
| HLN Haleon PLC-ADR | 0.29% | 330,494 | $3.3M | Reduce -44.4% |
| AMX America Movil Sab DE CV | 0.29% | 128,322 | $3.3M | Add +20.8% |
| AU Anglogold Ashanti PLC | 0.28% | 33,670 | $3.2M | Add +67.5% |
| USSG Xtrackers MSCI USA Sele Eqty | 0.28% | 53,800 | $3.2M | Reduce -50.0% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.28% | 44,300 | $3.2M | New |
| SO The Southern Co. | 0.28% | 32,510 | $3.1M | Reduce -40.3% |
| BMY Bristol-Myers Squibb Co. | 0.27% | 50,869 | $3.1M | Reduce -41.5% |
| DUK Duke Energy Corp. | 0.27% | 23,517 | $3.1M | Reduce -40.6% |
| PANW Palo Alto Networks Inc. | 0.27% | 19,184 | $3.1M | Add +11.3% |
| AMD Advanced Micro Devices | 0.27% | 15,019 | $3.1M | Add +46.7% |
| TEL Te Connectivity PLC | 0.26% | 14,297 | $3.0M | Reduce -35.6% |
| NEE Nextera Energy Inc. | 0.26% | 31,731 | $2.9M | Reduce -36.6% |
| PLTR Palantir Technologies Inc. Class A | 0.26% | 20,084 | $2.9M | Add +53.6% |
| KDP Keurig Dr Pepper Inc. | 0.26% | 111,518 | $2.9M | Reduce -45.2% |
| PGR Progressive Corp. | 0.26% | 14,774 | $2.9M | Reduce -40.1% |
| NXPI NXP Semiconductors NV | 0.25% | 14,683 | $2.9M | Reduce -42.5% |
| FISV Fiserv Inc. | 0.25% | 51,790 | $2.9M | Reduce -35.7% |
| GS Goldman Sachs Group Inc. | 0.25% | 3,391 | $2.9M | Reduce -3.6% |
| MS Morgan Stanley | 0.25% | 17,321 | $2.9M | Reduce -33.7% |
| BWA Borgwarner Inc. | 0.25% | 51,577 | $2.8M | Reduce -4.8% |
| BIDU Baidu Inc. - Spon ADR | 0.24% | 24,941 | $2.8M | Reduce -3.3% |
| GEV GE Vernova Inc. | 0.24% | 3,170 | $2.8M | Add +317.6% |
| HD Home Depot Inc. | 0.24% | 8,344 | $2.7M | Add +7.9% |
| ISRG Intuitive Surgical Inc. | 0.24% | 5,933 | $2.7M | Reduce -30.6% |
| USB US Bancorp | 0.24% | 52,585 | $2.7M | Reduce -43.4% |
| PWR Quanta Services Inc. | 0.24% | 4,964 | $2.7M | Add +115.4% |
| TER Teradyne Inc. | 0.24% | 9,148 | $2.7M | Add +26.9% |
Portfolio Sells Q4 2025 → Q1 2026
| BKNG Booking Holdings Inc. | Reduce -96.5% | 0.03% | −0.86 |
| MSFT Microsoft Corp. | Reduce -19.6% | 4.44% | −0.80 |
| GOOGL Alphabet Inc. Class A | Reduce -31.5% | 4.41% | −0.68 |
| UBS UBS Group AG-Reg | Reduce -31.1% | 2.36% | −0.68 |
| ORCL Oracle Corp. | Reduce -57.6% | 0.38% | −0.48 |
| WYNN WYNN Resorts Ltd. | Sold out | 0.00% | −0.41 |
| INTU Intuit Inc. | Reduce -72.2% | 0.14% | −0.41 |
| NOW ServiceNow Inc. | Reduce -89.5% | 0.04% | −0.41 |
| META Meta Platforms Inc. Class A | Reduce -27.1% | 2.46% | −0.37 |
| IBM Intl Business Machines Corp. | Reduce -44.7% | 0.60% | −0.36 |
| INFY Infosys Ltd.-SP ADR | Reduce -82.5% | 0.07% | −0.29 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.29 |
| ADBE Adobe Inc. | Reduce -60.0% | 0.17% | −0.28 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.27 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.27 |
| VOO Vanguard S&P 500 ETF | Reduce -46.1% | 0.63% | −0.26 |
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −0.25 |
| ALC Alcon Inc. | Reduce -40.4% | 0.75% | −0.24 |
| DIS The Walt Disney Co. | Reduce -41.3% | 0.52% | −0.24 |
| NFLX Netflix Inc. | Reduce -47.9% | 0.65% | −0.23 |
| EFIV SS SPDR S&P 500 ESG ETF | Reduce -50.0% | 0.42% | −0.22 |
| AVB Avalonbay Communities Inc. | Sold out | 0.00% | −0.22 |
| MKL Markel Group Inc. | Reduce -40.9% | 0.56% | −0.21 |
| FOX Fox Corp. Class B | Sold out | 0.00% | −0.20 |
| V Visa Inc. Class A | Reduce -24.1% | 1.81% | −0.20 |
| MA Mastercard Inc. Class A | Reduce -32.9% | 0.82% | −0.20 |
| WFC Wells Fargo & Co. | Reduce -34.3% | 0.65% | −0.19 |
| CP Canadian Pacific Kansas City | Reduce -88.9% | 0.04% | −0.18 |
| CRH CRH PLC | Reduce -25.4% | 0.94% | −0.18 |
| RNG Ringcentral Inc. Class A | Sold out | 0.00% | −0.17 |
| ONON On Holding AG Class A | Sold out | 0.00% | −0.17 |
| NDAQ Nasdaq Inc. | Reduce -69.3% | 0.10% | −0.17 |
| SYK Stryker Corp. | Reduce -60.9% | 0.16% | −0.16 |
| ADP Automatic Data Processing | Reduce -57.1% | 0.14% | −0.16 |
| USSG Xtrackers MSCI USA Sele Eqty | Reduce -50.0% | 0.28% | −0.15 |
| ATAT Atour Lifestyle Holdings-ADR | Sold out | 0.00% | −0.15 |
| MSI Motorola Solutions Inc. | Sold out | 0.00% | −0.15 |
| NSC Norfolk Southern Corp. | Reduce -91.1% | 0.02% | −0.15 |
| IDXX Idexx Laboratories Inc. | Reduce -66.1% | 0.09% | −0.14 |
| GLW Corning Inc. | Reduce -91.0% | 0.03% | −0.14 |
| AME Ametek Inc. | Reduce -57.5% | 0.21% | −0.13 |
| BRO Brown & Brown Inc. | Sold out | 0.00% | −0.13 |
| MDT Medtronic PLC | Reduce -41.8% | 0.34% | −0.13 |
| SPGI S&P Global Inc. | Reduce -49.5% | 0.17% | −0.13 |
| CHD Church & Dwight Co. Inc. | Sold out | 0.00% | −0.13 |
| ADSK Autodesk Inc. | Reduce -60.9% | 0.10% | −0.13 |
| FUTU Futu Holdings Ltd.-ADR | Reduce -63.5% | 0.09% | −0.13 |
| AJG Arthur J Gallagher & Co. | Reduce -45.5% | 0.21% | −0.12 |
| UNP Union Pacific Corp. | Reduce -89.5% | 0.02% | −0.12 |
| RF Regions Financial Corp. | Sold out | 0.00% | −0.12 |
Portfolio Buys Q4 2025 → Q1 2026
| URTH iShares MSCI World ETF | Add +5.2% | 2.28% | +0.66 |
| JNJ Johnson & Johnson | Add +3.8% | 1.25% | +0.51 |
| ZGN Ermenegildo Zegna NV | Add +47.9% | 0.96% | +0.49 |
| COP Conocophillips | Add +42.8% | 0.73% | +0.46 |
| RACE Ferrari NV | Add +24.4% | 1.30% | +0.46 |
| LLY Eli Lilly & Co. | Add +11.9% | 1.83% | +0.44 |
| CSCO Cisco Systems Inc. | Add +28.4% | 0.85% | +0.37 |
| WMT Walmart Inc. | Add +4.3% | 0.91% | +0.34 |
| MAR Marriott International Class A | Add +22.5% | 0.75% | +0.33 |
| XP XP Inc. Class A | Add +34.9% | 0.56% | +0.30 |
| EL Estee Lauder Companies Class A | New | 0.28% | +0.28 |
| KO The Coca-Cola Co. | Add +14.8% | 0.66% | +0.28 |
| KLAC KLA Corp. | Add +186.8% | 0.32% | +0.25 |
| DELL Dell Technologies -C | Add +21.8% | 0.43% | +0.23 |
| LEVI Levi Strauss & Co. Class A | New | 0.22% | +0.22 |
| CME Cme Group Inc. | New | 0.22% | +0.22 |
| GEV GE Vernova Inc. | Add +317.6% | 0.24% | +0.21 |
| ETN Eaton Corp. PLC | Add +5.9% | 0.53% | +0.21 |
| VMRK Vivmark Residential | New | 0.18% | +0.18 |
| ESS Essex Property Trust Inc. | New | 0.18% | +0.18 |
| PWR Quanta Services Inc. | Add +115.4% | 0.24% | +0.18 |
| AU Anglogold Ashanti PLC | Add +67.5% | 0.28% | +0.17 |
| GOOG Alphabet Inc. Class C | Add +5.0% | 0.68% | +0.17 |
| PPG PPG Industries Inc. | New | 0.16% | +0.16 |
| CVX Chevron Corp. | Add +271.7% | 0.19% | +0.16 |
| MELI MercadoLibre Inc. | Add +15.8% | 0.60% | +0.16 |
| TSLA Tesla Inc. | New | 0.16% | +0.16 |
| MRSH Marsh & McLennan Cos | New | 0.15% | +0.15 |
| IEX Idex Corp. | New | 0.15% | +0.15 |
| YUM Yum! Brands Inc. | New | 0.15% | +0.15 |
| TER Teradyne Inc. | Add +26.9% | 0.24% | +0.15 |
| AMX America Movil Sab DE CV | Add +20.8% | 0.29% | +0.15 |
| TJX TJX Companies Inc. | Add +287.2% | 0.17% | +0.14 |
| INTC Intel Corp. | Add +325.0% | 0.16% | +0.14 |
| AMD Advanced Micro Devices | Add +46.7% | 0.27% | +0.13 |
| MU Micron Technology Inc. | Add +172.6% | 0.17% | +0.13 |
| SBUX Starbucks Corp. | Add +382.1% | 0.15% | +0.13 |
| VZLA Vizsla Silver Corp. | New | 0.12% | +0.12 |
| BA The Boeing Co. | Add +280.3% | 0.15% | +0.12 |
| LOW Lowe's Cos Inc. | Add +260.2% | 0.14% | +0.11 |
| SCCO Southern Copper Corp. | New | 0.11% | +0.11 |
| PLTR Palantir Technologies Inc. Class A | Add +53.6% | 0.26% | +0.11 |
| ALTI Alti Global Inc. | Add +1257.6% | 0.11% | +0.10 |
| PH Parker Hannifin Corp. | New | 0.10% | +0.10 |
| LULU Lululemon Athletica Inc. | New | 0.10% | +0.10 |
| HWM Howmet Aerospace Inc. | Add +433.0% | 0.11% | +0.10 |
| WAB Wabtec Corp. | New | 0.10% | +0.10 |
| DE Deere & Co. | Add +80.7% | 0.14% | +0.09 |
| RDY Dr. Reddy's Laboratories-ADR | New | 0.09% | +0.09 |
| VRT Vertiv Holdings Co. Class A | Add +34.0% | 0.13% | +0.08 |
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 |