Intesa Sanpaolo Wealth Management
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 23, 2026), Intesa Sanpaolo Wealth Management reported 309 stock positions worth $499.7 million. Its top holding was Sprott Physical Gold Trust (PHYS) at 6.5% of the portfolio, followed by Microsoft (MSFT, 6.0%) and Alphabet Class A (GOOGL, 5.6%). Compared with Q1 2026, it opened 43 new positions, sold out of 28, added to 115 and reduced 53. The biggest buy was Sprott Physical Gold Trust (PHYS, shares +114%) and the biggest sale Walt Disney (DIS, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- LUXEMBOURG, N4
- CIK
- 0002110902
- Portfolio Value
- $499.7M (Q2 2026)
- SEC Filing
- 0002110902-26-000007 ↗ filed Jul 23, 2026
Holdings Value
Holdings 309 stocks · $499.7M
| PHYS Sprott Physical Gold Trust | 6.50% | 1,076,705 | $32.5M | Add +114.0% |
| MSFT Microsoft Corp. | 6.03% | 80,767 | $30.1M | Reduce -20.7% |
| GOOGL Alphabet Inc. Class A | 5.58% | 78,009 | $27.9M | Add +7.2% |
| NVDA Nvidia Corp. | 5.45% | 136,181 | $27.2M | Add +68.6% |
| AAPL Apple Inc. | 4.81% | 83,041 | $24.0M | Add +11.8% |
| AMZN Amazon.com Inc. | 4.41% | 92,553 | $22.1M | Add +6.8% |
| AVGO Broadcom Inc. | 3.72% | 49,188 | $18.6M | Add +95.1% |
| JPM JPMorgan Chase & Co. | 3.65% | 55,719 | $18.2M | Add +8.9% |
| QQQ Invesco QQQ Trust Series 1 | 2.67% | 18,139 | $13.4M | Add +264.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.42% | 24,221 | $12.1M | Reduce -1.2% |
| GOOG Alphabet Inc. Class C | 2.39% | 33,840 | $12.0M | Add +20.3% |
| WM Waste Management Inc. | 1.95% | 43,768 | $9.8M | Add +13.0% |
| V Visa Inc. Class A | 1.81% | 26,358 | $9.0M | Add +1.4% |
| RSP Invesco S&P 500 Equal Weight | 1.70% | 40,000 | $8.5M | New |
| LLY Eli Lilly & Co. | 1.39% | 5,770 | $6.9M | Add +33.0% |
| AXP American Express Co. | 1.23% | 18,166 | $6.1M | Add +22.1% |
| LIN Linde PLC | 1.23% | 11,812 | $6.1M | Reduce -13.5% |
| META Meta Platforms Inc. Class A | 1.20% | 10,604 | $6.0M | Add +23.0% |
| XOM Exxon Mobil Corp. | 1.17% | 42,854 | $5.9M | Add +40.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.13% | 118,200 | $5.7M | Add +8.6% |
| SPGI S&P Global Inc. | 1.13% | 13,902 | $5.7M | Add +16.9% |
| BLK BlackRock Inc. | 1.12% | 5,814 | $5.6M | Reduce -25.4% |
| PANW Palo Alto Networks Inc. | 1.10% | 16,094 | $5.5M | Reduce -47.8% |
| RSG Republic Services Inc. | 1.04% | 24,388 | $5.2M | Add +15.4% |
| KHC The Kraft Heinz Co. | 0.93% | 197,000 | $4.7M | Add +6.5% |
| HD Home Depot Inc. | 0.91% | 12,855 | $4.5M | Reduce -16.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.90% | 5,907 | $4.5M | Add +32.9% |
| TTE Totalenergies SE | 0.86% | 55,256 | $4.3M | Add +70.2% |
| WMT Walmart Inc. | 0.82% | 36,097 | $4.1M | Add +66.2% |
| BABA Alibaba Group Holding-SP ADR | 0.78% | 40,828 | $3.9M | Add +26.2% |
| BNY Bank of New York Mellon Corp. | 0.76% | 26,117 | $3.8M | Add +56.6% |
| GLDM SPDR Gold Minishares Trust | 0.74% | 46,638 | $3.7M | Reduce -16.6% |
| ICE Intercontinental Exchange Inc. | 0.70% | 28,593 | $3.5M | Reduce -7.5% |
| MU Micron Technology Inc. | 0.69% | 2,978 | $3.4M | Add +387.4% |
| ETN Eaton Corp. PLC | 0.63% | 7,396 | $3.2M | Add +21.2% |
| CRM Salesforce Inc. | 0.63% | 20,066 | $3.1M | Reduce -7.7% |
| RACE Ferrari NV | 0.60% | 8,126 | $3.0M | Reduce -20.6% |
| CSCO Cisco Systems Inc. | 0.59% | 25,249 | $3.0M | Reduce -3.5% |
| PFE Pfizer Inc. | 0.59% | 122,202 | $2.9M | Add +9.4% |
| EMR Emerson Electric Co. | 0.54% | 18,778 | $2.7M | Add +37.5% |
| ABNB Airbnb Inc. Class A | 0.52% | 18,000 | $2.6M | Add +25.9% |
| IEMG iShares Core MSCI Emerging | 0.51% | 30,529 | $2.5M | Add +2.6% |
| ISRG Intuitive Surgical Inc. | 0.50% | 6,283 | $2.5M | Add +26.4% |
| JNJ Johnson & Johnson | 0.49% | 9,737 | $2.5M | Add +106.2% |
| NFLX Netflix Inc. | 0.49% | 34,152 | $2.4M | Add +36.2% |
| ANET Arista Networks Inc. | 0.45% | 13,269 | $2.3M | Add +52.0% |
| MA Mastercard Inc. Class A | 0.42% | 4,124 | $2.1M | Add +22.8% |
| AMAT Applied Materials Inc. | 0.41% | 2,815 | $2.0M | Add +82.1% |
| NEE Nextera Energy Inc. | 0.40% | 22,971 | $2.0M | Add +225.1% |
| JPXN iShares JPX-Nikkei 400 ETF | 0.40% | 20,000 | $2.0M | No change |
| TSLA Tesla Inc. | 0.40% | 4,703 | $2.0M | Add +178.3% |
| COST Costco Wholesale Corp. | 0.40% | 2,110 | $2.0M | Add +28.5% |
| CVX Chevron Corp. | 0.38% | 11,588 | $1.9M | Add +217.1% |
| FER Ferrovial NV | 0.35% | 25,901 | $1.8M | Add +3.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.35% | 2,325 | $1.7M | Add +11.3% |
| IVW iShares S&P 500 Growth ETF | 0.34% | 12,500 | $1.7M | No change |
| C Citigroup Inc. | 0.34% | 12,091 | $1.7M | Add +22.4% |
| XLE SS Energy Select Sector | 0.33% | 31,000 | $1.6M | Add +3000.0% |
| GS Goldman Sachs Group Inc. | 0.32% | 1,598 | $1.6M | Add +70.9% |
| EXI iShares Global Industrials E | 0.32% | 8,000 | $1.6M | No change |
| ARKK ARK Innovation ETF | 0.31% | 19,000 | $1.5M | No change |
| ITA iShares U.S. Aerospace & Def | 0.31% | 6,301 | $1.5M | Add +5.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.30% | 3,119 | $1.5M | Reduce -1.7% |
| TDG Transdigm Group Inc. | 0.29% | 1,086 | $1.4M | Reduce -3.3% |
| IDEF Ishars Def Ind TC Ac ETF-Ui | 0.29% | 45,041 | $1.4M | No change |
| AMLP Alerian MLP ETF | 0.27% | 26,412 | $1.4M | Add +1309.4% |
| NLR Vaneck Urani & Nuclr ETF-Usd | 0.27% | 11,636 | $1.3M | Reduce -43.7% |
| UBS UBS Group AG-Reg | 0.27% | 27,095 | $1.3M | Add +20.2% |
| T AT&T Inc. | 0.26% | 62,779 | $1.3M | Reduce -40.7% |
| GLD SPDR Gold Shares | 0.26% | 3,520 | $1.3M | Add +6.3% |
| INTC Intel Corp. | 0.25% | 9,088 | $1.3M | Reduce -13.4% |
| AMD Advanced Micro Devices | 0.24% | 2,101 | $1.2M | Add +6.1% |
| VLO Valero Energy Corp. | 0.24% | 4,572 | $1.2M | Add +96.0% |
| SNOW Snowflake Inc. | 0.24% | 4,649 | $1.2M | Add +47.2% |
| MNST Monster Beverage Corp. | 0.24% | 12,300 | $1.2M | No change |
| MCO Moody's Corp. | 0.23% | 2,567 | $1.2M | Add +2.9% |
| COF Capital One Financial Corp. | 0.23% | 5,750 | $1.2M | No change |
| GILD Gilead Sciences Inc. | 0.22% | 8,726 | $1.1M | Add +136.9% |
| CAT Caterpillar Inc. | 0.21% | 1,008 | $1.1M | Add +23.1% |
| GDX Vaneck Gold Miners ETF | 0.20% | 13,425 | $1.0M | No change |
| JPST JPMorgan Ultra-Short Income | 0.20% | 19,950 | $1.0M | Reduce -81.0% |
| AZN Astrazeneca PLC | 0.20% | 5,340 | $995K | Add +68.8% |
| OIH Vaneck Oil Services ETF | 0.20% | 2,635 | $980K | Add +8.2% |
| XYL Xylem Inc. | 0.19% | 8,189 | $968K | Add +7.7% |
| PGR Progressive Corp. | 0.19% | 4,403 | $962K | No change |
| AZO AutoZone Inc. | 0.19% | 300 | $959K | Reduce -1.3% |
| BAC Bank of America Corp. | 0.19% | 16,725 | $953K | Add +139.7% |
| FITB Fifth Third Bancorp | 0.19% | 16,687 | $941K | Reduce -9.6% |
| ENB Enbridge Inc. | 0.19% | 17,063 | $925K | Add +829.4% |
| GM General Motors Co. | 0.18% | 11,537 | $889K | Add +117.6% |
| BKR Baker Hughes Co. | 0.18% | 15,990 | $887K | Add +901.3% |
| UNH Unitedhealth Group Inc. | 0.18% | 2,112 | $878K | Add +398.1% |
| FANG Diamondback Energy Inc. | 0.17% | 4,896 | $861K | Reduce -12.5% |
| SIL Global X Silver Miners ETF | 0.17% | 11,000 | $852K | No change |
| FCX Freeport-McMoran Inc. | 0.17% | 13,443 | $845K | Add +63.0% |
| BKNG Booking Holdings Inc. | 0.17% | 4,736 | $844K | Add +18844.0% |
| JCI Johnson Controls Internation | 0.16% | 5,592 | $817K | Add +493.6% |
| HAL Halliburton Co. | 0.16% | 23,860 | $810K | Add +821.6% |
| DE Deere & Co. | 0.16% | 1,272 | $807K | Add +50.4% |
| ENPH Enphase Energy Inc. | 0.16% | 15,800 | $778K | New |
Portfolio Sells Q1 2026 → Q2 2026
| DIS The Walt Disney Co. | Reduce -97.5% | 0.11% | −5.32 |
| MSFT Microsoft Corp. | Reduce -20.7% | 6.03% | −3.18 |
| JPST JPMorgan Ultra-Short Income | Reduce -81.0% | 0.20% | −1.10 |
| BLK BlackRock Inc. | Reduce -25.4% | 1.12% | −0.71 |
| GLDM SPDR Gold Minishares Trust | Reduce -16.6% | 0.74% | −0.52 |
| COPX Global X Copper Miners ETF | Reduce -92.9% | 0.03% | −0.49 |
| T AT&T Inc. | Reduce -40.7% | 0.26% | −0.49 |
| ICE Intercontinental Exchange Inc. | Reduce -7.5% | 0.70% | −0.48 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.2% | 2.42% | −0.44 |
| LIN Linde PLC | Reduce -13.5% | 1.23% | −0.43 |
| NLR Vaneck Urani & Nuclr ETF-Usd | Reduce -43.7% | 0.27% | −0.40 |
| CRM Salesforce Inc. | Reduce -7.7% | 0.63% | −0.36 |
| HD Home Depot Inc. | Reduce -16.1% | 0.91% | −0.32 |
| DOCU Docusign Inc. | Sold out | 0.00% | −0.29 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −0.24 |
| RACE Ferrari NV | Reduce -20.6% | 0.60% | −0.23 |
| BUG Global X Cybersecurity ETF | Reduce -89.0% | 0.03% | −0.19 |
| NEM Newmont Corp. | Reduce -94.5% | 0.01% | −0.18 |
| BSX Boston Scientific Corp. | Reduce -89.2% | 0.01% | −0.17 |
| IGV iShares Expanded Tech-Softwa | Sold out | 0.00% | −0.12 |
| PANW Palo Alto Networks Inc. | Reduce -47.8% | 1.10% | −0.11 |
| FANG Diamondback Energy Inc. | Reduce -12.5% | 0.17% | −0.10 |
| URNM Sprott Uranium Miners ETF | Sold out | 0.00% | −0.09 |
| CDNS Cadence Design SYS Inc. | Reduce -90.5% | 0.01% | −0.08 |
| IR Ingersoll-Rand Inc. | Reduce -48.4% | 0.06% | −0.08 |
| IBM Intl Business Machines Corp. | Reduce -68.8% | 0.03% | −0.07 |
| CELH Celsius Holdings Inc. | Reduce -7.9% | 0.11% | −0.07 |
| DHR Danaher Corp. | Reduce -45.4% | 0.05% | −0.07 |
| AZO AutoZone Inc. | Reduce -1.3% | 0.19% | −0.06 |
| MDT Medtronic PLC | Reduce -17.1% | 0.09% | −0.06 |
| CTVA Corteva Inc. | Reduce -19.4% | 0.11% | −0.06 |
| URA Global X Uranium ETF | Reduce -63.2% | 0.02% | −0.06 |
| CRH CRH PLC | Reduce -50.7% | 0.04% | −0.05 |
| CP Canadian Pacific Kansas City | Reduce -40.0% | 0.06% | −0.05 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.05 |
| TMO Thermo Fisher Scientific Inc. | Reduce -51.8% | 0.03% | −0.04 |
| PNR Pentair PLC | Sold out | 0.00% | −0.03 |
| TDG Transdigm Group Inc. | Reduce -3.3% | 0.29% | −0.03 |
| DAC Danaos Corp. | Sold out | 0.00% | −0.03 |
| RGR Sturm Ruger & Co. Inc. | Sold out | 0.00% | −0.02 |
| BIDU Baidu Inc. - Spon ADR | Reduce -6.0% | 0.08% | −0.02 |
| FITB Fifth Third Bancorp | Reduce -9.6% | 0.19% | −0.02 |
| SPHD Invesco S&P 500 High Dividen | Sold out | 0.00% | −0.02 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.02 |
| MKL Markel Group Inc. | Sold out | 0.00% | −0.02 |
| ZTS Zoetis Inc. | Reduce -1.8% | 0.02% | −0.02 |
| LWLG Lightwave Logic Inc. | Reduce -50.0% | 0.02% | −0.02 |
| PVH PVH Corp. | Sold out | 0.00% | −0.01 |
| MSTR Strategy Inc. | Reduce -74.1% | 0.00% | −0.01 |
| CNC Centene Corp. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| PHYS Sprott Physical Gold Trust | Add +114.0% | 6.50% | +2.15 |
| NVDA Nvidia Corp. | Add +68.6% | 5.45% | +2.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +264.2% | 2.67% | +1.97 |
| AVGO Broadcom Inc. | Add +95.1% | 3.72% | +1.81 |
| RSP Invesco S&P 500 Equal Weight | New | 1.70% | +1.70 |
| MU Micron Technology Inc. | Add +387.4% | 0.69% | +0.64 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +32.9% | 0.90% | +0.48 |
| GOOGL Alphabet Inc. Class A | Add +7.2% | 5.58% | +0.47 |
| GOOG Alphabet Inc. Class C | Add +20.3% | 2.39% | +0.42 |
| LLY Eli Lilly & Co. | Add +33.0% | 1.39% | +0.41 |
| XLE SS Energy Select Sector | Add +3000.0% | 0.33% | +0.31 |
| AMAT Applied Materials Inc. | Add +82.1% | 0.41% | +0.28 |
| BNY Bank of New York Mellon Corp. | Add +56.6% | 0.76% | +0.27 |
| AMLP Alerian MLP ETF | Add +1309.4% | 0.27% | +0.25 |
| NEE Nextera Energy Inc. | Add +225.1% | 0.40% | +0.24 |
| TSLA Tesla Inc. | Add +178.3% | 0.40% | +0.24 |
| JNJ Johnson & Johnson | Add +106.2% | 0.49% | +0.21 |
| AAPL Apple Inc. | Add +11.8% | 4.81% | +0.21 |
| CVX Chevron Corp. | Add +217.1% | 0.38% | +0.20 |
| ANET Arista Networks Inc. | Add +52.0% | 0.45% | +0.19 |
| BKNG Booking Holdings Inc. | Add +18844.0% | 0.17% | +0.17 |
| ENB Enbridge Inc. | Add +829.4% | 0.19% | +0.16 |
| WMT Walmart Inc. | Add +66.2% | 0.82% | +0.16 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +8.6% | 1.13% | +0.16 |
| ENPH Enphase Energy Inc. | New | 0.16% | +0.16 |
| BKR Baker Hughes Co. | Add +901.3% | 0.18% | +0.15 |
| UNH Unitedhealth Group Inc. | Add +398.1% | 0.18% | +0.15 |
| AMD Advanced Micro Devices | Add +6.1% | 0.24% | +0.15 |
| HAL Halliburton Co. | Add +821.6% | 0.16% | +0.14 |
| MRK Merck & Co. Inc. | Add +1103.3% | 0.15% | +0.14 |
| JCI Johnson Controls Internation | Add +493.6% | 0.16% | +0.13 |
| AXP American Express Co. | Add +22.1% | 1.23% | +0.13 |
| GS Goldman Sachs Group Inc. | Add +70.9% | 0.32% | +0.13 |
| SNOW Snowflake Inc. | Add +47.2% | 0.24% | +0.12 |
| TTE Totalenergies SE | Add +70.2% | 0.86% | +0.12 |
| BAC Bank of America Corp. | Add +139.7% | 0.19% | +0.11 |
| APP AppLovin Corp. Class A | New | 0.10% | +0.10 |
| SNDK Sandisk Corp. | New | 0.10% | +0.10 |
| EMR Emerson Electric Co. | Add +37.5% | 0.54% | +0.10 |
| ETN Eaton Corp. PLC | Add +21.2% | 0.63% | +0.10 |
| VLO Valero Energy Corp. | Add +96.0% | 0.24% | +0.10 |
| GILD Gilead Sciences Inc. | Add +136.9% | 0.22% | +0.10 |
| GM General Motors Co. | Add +117.6% | 0.18% | +0.08 |
| ABNB Airbnb Inc. Class A | Add +25.9% | 0.52% | +0.07 |
| CAT Caterpillar Inc. | Add +23.1% | 0.21% | +0.07 |
| AME Ametek Inc. | Add +163.2% | 0.12% | +0.07 |
| CIBR First Trust Nasdaq Cybersecu | Add +68.8% | 0.14% | +0.07 |
| C Citigroup Inc. | Add +22.4% | 0.34% | +0.07 |
| UBS UBS Group AG-Reg | Add +20.2% | 0.27% | +0.06 |
| ROBO Robo Global Robotics and Aut | New | 0.05% | +0.05 |
Notes & Other Activity Q1 2026 → Q2 2026
| ARM Arm Holdings PLC-ADR | SPONSORED ADS | Sold out | 0 | $0before exit |
| BP BP PLC-Spons ADR | SPONSORED ADR | Sold out | 0 | $0before exit |
| CTAS Cintas Corp. | COM | Sold out | 0 | $0before exit |
| ASHS Xtrackers Harvest Csi 500 CH | XTRACK CSI 500 A | Sold out | 0 | $0before exit |
| PH Parker Hannifin Corp. | COM | Sold out | 0 | $0before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.