Intesa Sanpaolo Wealth Management
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Intesa Sanpaolo Wealth Management reported 293 stock positions worth $409.7 million. Its top holding was Microsoft (MSFT) at 9.2% of the portfolio, followed by Walt Disney (DIS, 5.4%) and Alphabet Class A (GOOGL, 5.1%). Compared with Q4 2025, it opened 25 new positions, sold out of 14, added to 77 and reduced 74. The biggest buy was Sprott Physical Gold Trust (PHYS, shares +149%) and the biggest sale Deere (DE, shares −95%).
- Most Recent 13F
- Q2 2026
- Location
- LUXEMBOURG, N4
- CIK
- 0002110902
- Portfolio Value
- $409.7M (Q1 2026)
- SEC Filing
- 0002110902-26-000006 ↗ filed May 15, 2026
Holdings Value
Holdings 293 stocks · $409.7M
| MSFT Microsoft Corp. | 9.21% | 101,905 | $37.7M | Add +5.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 5.43% | 230,883 | $22.3M | Reduce -9.6% |
| GOOGL Alphabet Inc. Class A | 5.11% | 72,783 | $20.9M | Add +3.2% |
| AAPL Apple Inc. | 4.60% | 74,275 | $18.9M | Reduce -4.0% |
| AMZN Amazon.com Inc. | 4.41% | 86,674 | $18.1M | Reduce -0.2% |
| PHYS Sprott Physical Gold Trust | 4.35% | 503,249 | $17.8M | Add +149.1% |
| JPM JPMorgan Chase & Co. | 3.67% | 51,184 | $15.1M | Reduce -2.8% |
| NVDA Nvidia Corp. | 3.44% | 80,753 | $14.1M | Add +12.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.87% | 24,522 | $11.7M | Reduce -4.2% |
| WM Waste Management Inc. | 2.17% | 38,743 | $8.9M | Reduce -9.5% |
| GOOG Alphabet Inc. Class C | 1.97% | 28,140 | $8.1M | Add +2.5% |
| V Visa Inc. Class A | 1.92% | 26,006 | $7.9M | Reduce -12.6% |
| AVGO Broadcom Inc. | 1.90% | 25,216 | $7.8M | Add +59.6% |
| BLK BlackRock Inc. | 1.83% | 7,797 | $7.5M | Add +47.1% |
| LIN Linde PLC | 1.65% | 13,652 | $6.8M | Reduce -0.3% |
| JPST JPMorgan Ultra-Short Income | 1.30% | 105,210 | $5.3M | Reduce -27.2% |
| XOM Exxon Mobil Corp. | 1.27% | 30,558 | $5.2M | Add +8.5% |
| GLDM SPDR Gold Minishares Trust | 1.27% | 55,933 | $5.2M | Reduce -59.8% |
| SPGI S&P Global Inc. | 1.23% | 11,891 | $5.1M | Add +7.0% |
| HD Home Depot Inc. | 1.23% | 15,317 | $5.0M | Reduce -25.1% |
| PANW Palo Alto Networks Inc. | 1.21% | 30,830 | $4.9M | Add +8.1% |
| META Meta Platforms Inc. Class A | 1.20% | 8,619 | $4.9M | Add +9.2% |
| ICE Intercontinental Exchange Inc. | 1.19% | 30,921 | $4.9M | Add +0.4% |
| RSG Republic Services Inc. | 1.13% | 21,141 | $4.6M | Reduce -33.7% |
| AXP American Express Co. | 1.10% | 14,877 | $4.5M | Reduce -24.3% |
| KHC The Kraft Heinz Co. | 1.01% | 184,900 | $4.2M | Add +25.0% |
| BABA Alibaba Group Holding-SP ADR | 0.99% | 32,356 | $4.1M | Add +42.6% |
| CRM Salesforce Inc. | 0.99% | 21,732 | $4.1M | Add +2.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.98% | 108,800 | $4.0M | Add +43.9% |
| LLY Eli Lilly & Co. | 0.97% | 4,340 | $4.0M | Add +7.2% |
| RACE Ferrari NV | 0.83% | 10,233 | $3.4M | Add +0.3% |
| PFE Pfizer Inc. | 0.77% | 111,674 | $3.1M | Add +10.1% |
| T AT&T Inc. | 0.75% | 105,910 | $3.1M | Reduce -9.1% |
| TTE Totalenergies SE | 0.74% | 32,472 | $3.0M | Add +13.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.70% | 4,980 | $2.9M | Add +11.1% |
| NLR Vaneck Urani & Nuclr ETF-Usd | 0.67% | 20,680 | $2.8M | Reduce -17.2% |
| WMT Walmart Inc. | 0.66% | 21,725 | $2.7M | Add +18.4% |
| NFLX Netflix Inc. | 0.59% | 25,081 | $2.4M | Reduce -48.9% |
| ISRG Intuitive Surgical Inc. | 0.56% | 4,972 | $2.3M | Add +28.2% |
| ETN Eaton Corp. PLC | 0.53% | 6,101 | $2.2M | Reduce -30.3% |
| COPX Global X Copper Miners ETF | 0.53% | 28,200 | $2.2M | No change |
| IEMG iShares Core MSCI Emerging | 0.51% | 29,750 | $2.1M | New |
| CSCO Cisco Systems Inc. | 0.50% | 26,169 | $2.0M | Add +8103.4% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.48% | 16,681 | $2.0M | Add +6.3% |
| JPXN iShares JPX-Nikkei 400 ETF | 0.45% | 20,000 | $1.8M | No change |
| ABNB Airbnb Inc. Class A | 0.44% | 14,300 | $1.8M | New |
| EMR Emerson Electric Co. | 0.44% | 13,652 | $1.8M | Reduce -66.6% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.42% | 4,446 | $1.7M | Add +4.4% |
| MA Mastercard Inc. Class A | 0.41% | 3,358 | $1.7M | Reduce -49.6% |
| COST Costco Wholesale Corp. | 0.40% | 1,642 | $1.6M | Reduce -58.4% |
| FER Ferrovial NV | 0.39% | 25,015 | $1.6M | Add +27.4% |
| IDEF Ishars Def Ind TC Ac ETF-Ui | 0.36% | 45,041 | $1.5M | Add +26.8% |
| EXI iShares Global Industrials E | 0.35% | 8,000 | $1.4M | New |
| GLD SPDR Gold Shares | 0.35% | 3,310 | $1.4M | Add +0.3% |
| IVW iShares S&P 500 Growth ETF | 0.35% | 12,500 | $1.4M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.33% | 2,088 | $1.4M | No change |
| ITA iShares U.S. Aerospace & Def | 0.32% | 5,989 | $1.3M | Add +39.6% |
| TDG Transdigm Group Inc. | 0.32% | 1,123 | $1.3M | No change |
| ARKK ARK Innovation ETF | 0.31% | 19,000 | $1.3M | No change |
| GDX Vaneck Gold Miners ETF | 0.30% | 13,425 | $1.2M | Reduce -81.3% |
| DOCU Docusign Inc. | 0.29% | 25,000 | $1.2M | No change |
| JNJ Johnson & Johnson | 0.28% | 4,722 | $1.2M | Add +10.7% |
| C Citigroup Inc. | 0.27% | 9,874 | $1.1M | Add +55.8% |
| FANG Diamondback Energy Inc. | 0.27% | 5,596 | $1.1M | Reduce -85.8% |
| MCO Moody's Corp. | 0.27% | 2,494 | $1.1M | Reduce -80.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.26% | 3,173 | $1.1M | Reduce -7.7% |
| ANET Arista Networks Inc. | 0.26% | 8,728 | $1.1M | Reduce -17.3% |
| COF Capital One Financial Corp. | 0.26% | 5,750 | $1.0M | New |
| AZO AutoZone Inc. | 0.25% | 304 | $1.0M | Add +13.4% |
| SIL Global X Silver Miners ETF | 0.24% | 11,000 | $991K | Reduce -59.6% |
| SHW The Sherwin-Williams Co. | 0.24% | 3,073 | $985K | Reduce -70.8% |
| OIH Vaneck Oil Services ETF | 0.24% | 2,435 | $984K | Add +255.5% |
| XYL Xylem Inc. | 0.22% | 7,601 | $908K | Add +28.0% |
| BUG Global X Cybersecurity ETF | 0.22% | 35,970 | $903K | Reduce -1.4% |
| MNST Monster Beverage Corp. | 0.22% | 12,300 | $891K | No change |
| PGR Progressive Corp. | 0.21% | 4,403 | $873K | Reduce -61.4% |
| UBS UBS Group AG-Reg | 0.21% | 22,536 | $866K | Add +16.3% |
| FITB Fifth Third Bancorp | 0.21% | 18,465 | $858K | Add +65.3% |
| GS Goldman Sachs Group Inc. | 0.19% | 935 | $791K | Reduce -88.2% |
| NEM Newmont Corp. | 0.19% | 7,090 | $767K | Reduce -60.1% |
| CVX Chevron Corp. | 0.18% | 3,654 | $756K | Add +40.5% |
| CELH Celsius Holdings Inc. | 0.18% | 20,800 | $738K | No change |
| BSX Boston Scientific Corp. | 0.18% | 11,604 | $728K | Reduce -8.5% |
| CTVA Corteva Inc. | 0.17% | 8,356 | $699K | Reduce -3.1% |
| ASHR Xtrackers Harvest Csi 300 CH | 0.16% | 20,450 | $667K | No change |
| RIO Rio Tinto PLC-Spon ADR | 0.16% | 7,105 | $663K | Reduce -10.8% |
| NEE Nextera Energy Inc. | 0.16% | 7,066 | $656K | Reduce -82.1% |
| TSLA Tesla Inc. | 0.15% | 1,690 | $628K | Add +117.5% |
| NOW ServiceNow Inc. | 0.15% | 5,950 | $622K | Reduce -8.5% |
| AZN Astrazeneca PLC | 0.15% | 3,164 | $615K | New |
| SLB SLB Ltd. filed as SLB LIMITED | 0.15% | 11,890 | $611K | New |
| MDT Medtronic PLC | 0.15% | 7,013 | $608K | Reduce -56.2% |
| IR Ingersoll-Rand Inc. | 0.14% | 7,316 | $586K | Add +134.5% |
| CAT Caterpillar Inc. | 0.14% | 819 | $580K | Add +210.2% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.14% | 2,665 | $577K | Reduce -71.0% |
| VLO Valero Energy Corp. | 0.14% | 2,332 | $576K | Add +11004.8% |
| ECL Ecolab Inc. | 0.14% | 2,164 | $576K | Reduce -14.5% |
| PPA Invesco Aerospace & Defense | 0.14% | 3,436 | $569K | No change |
| MELI MercadoLibre Inc. | 0.14% | 321 | $555K | Add +311.5% |
| AMAT Applied Materials Inc. | 0.13% | 1,546 | $528K | Reduce -24.4% |
Portfolio Sells Q4 2025 → Q1 2026
| DE Deere & Co. | Reduce -94.9% | 0.12% | −1.48 |
| GS Goldman Sachs Group Inc. | Reduce -88.2% | 0.19% | −1.25 |
| GLDM SPDR Gold Minishares Trust | Reduce -59.8% | 1.27% | −1.19 |
| MCO Moody's Corp. | Reduce -80.1% | 0.27% | −1.06 |
| GDX Vaneck Gold Miners ETF | Reduce -81.3% | 0.30% | −0.97 |
| FANG Diamondback Energy Inc. | Reduce -85.8% | 0.27% | −0.96 |
| EMR Emerson Electric Co. | Reduce -66.6% | 0.44% | −0.69 |
| DIS The Walt Disney Co. | Reduce -9.6% | 5.43% | −0.58 |
| NEE Nextera Energy Inc. | Reduce -82.1% | 0.16% | −0.50 |
| SHW The Sherwin-Williams Co. | Reduce -70.8% | 0.24% | −0.46 |
| CL Colgate-Palmolive Co. | Reduce -85.2% | 0.11% | −0.45 |
| AXP American Express Co. | Reduce -24.3% | 1.10% | −0.40 |
| APH Amphenol Corp. Class A | Reduce -98.8% | 0.01% | −0.39 |
| MA Mastercard Inc. Class A | Reduce -49.6% | 0.41% | −0.38 |
| NFLX Netflix Inc. | Reduce -48.9% | 0.59% | −0.36 |
| AJG Arthur J Gallagher & Co. | Reduce -71.0% | 0.14% | −0.35 |
| PGR Progressive Corp. | Reduce -61.4% | 0.21% | −0.32 |
| BRO Brown & Brown Inc. | Sold out | 0.00% | −0.31 |
| COST Costco Wholesale Corp. | Reduce -58.4% | 0.40% | −0.31 |
| RSG Republic Services Inc. | Reduce -33.7% | 1.13% | −0.27 |
| WRB WR Berkley Corp. | Reduce -99.1% | 0.00% | −0.24 |
| V Visa Inc. Class A | Reduce -12.6% | 1.92% | −0.24 |
| IBM Intl Business Machines Corp. | Reduce -70.0% | 0.10% | −0.24 |
| SIL Global X Silver Miners ETF | Reduce -59.6% | 0.24% | −0.23 |
| HD Home Depot Inc. | Reduce -25.1% | 1.23% | −0.23 |
| CLH Clean Harbors Inc. | Sold out | 0.00% | −0.22 |
| JPST JPMorgan Ultra-Short Income | Reduce -27.2% | 1.30% | −0.21 |
| CRH CRH PLC | Reduce -69.1% | 0.09% | −0.20 |
| NEM Newmont Corp. | Reduce -60.1% | 0.19% | −0.18 |
| MDT Medtronic PLC | Reduce -56.2% | 0.15% | −0.17 |
| PAAS Pan American Silver Corp. | Reduce -94.8% | 0.01% | −0.15 |
| CPRT Copart Inc. | Reduce -92.3% | 0.01% | −0.12 |
| FCX Freeport-McMoran Inc. | Reduce -56.9% | 0.12% | −0.08 |
| BSX Boston Scientific Corp. | Reduce -8.5% | 0.18% | −0.07 |
| SPOT Spotify Technology SA | Reduce -56.0% | 0.05% | −0.06 |
| NOW ServiceNow Inc. | Reduce -8.5% | 0.15% | −0.06 |
| ALMU Aeluma Inc. | Reduce -50.0% | 0.05% | −0.06 |
| CDNS Cadence Design SYS Inc. | Reduce -40.6% | 0.09% | −0.06 |
| BX Blackstone Inc. | Reduce -41.5% | 0.06% | −0.05 |
| AMRZ Amrize Ltd. | Sold out | 0.00% | −0.05 |
| ETN Eaton Corp. PLC | Reduce -30.3% | 0.53% | −0.04 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.04 |
| ORCL Oracle Corp. | Reduce -58.3% | 0.02% | −0.04 |
| LOGI Logitech International-Reg | Sold out | 0.00% | −0.03 |
| ALC Alcon Inc. | Reduce -51.6% | 0.04% | −0.03 |
| SNOW Snowflake Inc. | Reduce -0.6% | 0.12% | −0.03 |
| ANET Arista Networks Inc. | Reduce -17.3% | 0.26% | −0.02 |
| TOST Toast Inc. Class A | Sold out | 0.00% | −0.02 |
| VET Vermilion Energy Inc. | Sold out | 0.00% | −0.02 |
| UBER Uber Technologies Inc. | Reduce -24.5% | 0.07% | −0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| PHYS Sprott Physical Gold Trust | Add +149.1% | 4.35% | +2.97 |
| AVGO Broadcom Inc. | Add +59.6% | 1.90% | +0.77 |
| NVDA Nvidia Corp. | Add +12.7% | 3.44% | +0.67 |
| BLK BlackRock Inc. | Add +47.1% | 1.83% | +0.66 |
| XOM Exxon Mobil Corp. | Add +8.5% | 1.27% | +0.56 |
| GOOGL Alphabet Inc. Class A | Add +3.2% | 5.11% | +0.54 |
| IEMG iShares Core MSCI Emerging | New | 0.51% | +0.51 |
| CSCO Cisco Systems Inc. | Add +8103.4% | 0.50% | +0.49 |
| ABNB Airbnb Inc. Class A | New | 0.44% | +0.44 |
| EXI iShares Global Industrials E | New | 0.35% | +0.35 |
| TTE Totalenergies SE | Add +13.8% | 0.74% | +0.35 |
| BABA Alibaba Group Holding-SP ADR | Add +42.6% | 0.99% | +0.30 |
| KHC The Kraft Heinz Co. | Add +25.0% | 1.01% | +0.27 |
| COF Capital One Financial Corp. | New | 0.26% | +0.26 |
| PFE Pfizer Inc. | Add +10.1% | 0.77% | +0.24 |
| WMT Walmart Inc. | Add +18.4% | 0.66% | +0.24 |
| OIH Vaneck Oil Services ETF | Add +255.5% | 0.24% | +0.20 |
| GOOG Alphabet Inc. Class C | Add +2.5% | 1.97% | +0.19 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +43.9% | 0.98% | +0.18 |
| ICE Intercontinental Exchange Inc. | Add +0.4% | 1.19% | +0.16 |
| AZN Astrazeneca PLC | New | 0.15% | +0.15 |
| SLB SLB Ltd. | New | 0.15% | +0.15 |
| VLO Valero Energy Corp. | Add +11004.8% | 0.14% | +0.14 |
| IDEF Ishars Def Ind TC Ac ETF-Ui | Add +26.8% | 0.36% | +0.13 |
| QQQ Invesco QQQ Trust Series 1 | Add +11.1% | 0.70% | +0.13 |
| ITA iShares U.S. Aerospace & Def | Add +39.6% | 0.32% | +0.13 |
| META Meta Platforms Inc. Class A | Add +9.2% | 1.20% | +0.13 |
| FER Ferrovial NV | Add +27.4% | 0.39% | +0.13 |
| C Citigroup Inc. | Add +55.8% | 0.27% | +0.12 |
| PANW Palo Alto Networks Inc. | Add +8.1% | 1.21% | +0.12 |
| USIG iShares Broad Usd Investment | New | 0.12% | +0.12 |
| IGV iShares Expanded Tech-Softwa | New | 0.12% | +0.12 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | New | 0.11% | +0.11 |
| CAT Caterpillar Inc. | Add +210.2% | 0.14% | +0.11 |
| BNY Bank of New York Mellon Corp. | Add +6.3% | 0.48% | +0.11 |
| DHR Danaher Corp. | Add +776.1% | 0.12% | +0.11 |
| ISRG Intuitive Surgical Inc. | Add +28.2% | 0.56% | +0.10 |
| MELI MercadoLibre Inc. | Add +311.5% | 0.14% | +0.10 |
| CVX Chevron Corp. | Add +40.5% | 0.18% | +0.10 |
| FITB Fifth Third Bancorp | Add +65.3% | 0.21% | +0.10 |
| STLA Stellantis NV | Add +1358.4% | 0.11% | +0.10 |
| JNJ Johnson & Johnson | Add +10.7% | 0.28% | +0.10 |
| GM General Motors Co. | New | 0.10% | +0.10 |
| IR Ingersoll-Rand Inc. | Add +134.5% | 0.14% | +0.09 |
| TSLA Tesla Inc. | Add +117.5% | 0.15% | +0.08 |
| GLD SPDR Gold Shares | Add +0.3% | 0.35% | +0.08 |
| LLY Eli Lilly & Co. | Add +7.2% | 0.97% | +0.07 |
| EWJ iShares MSCI Japan ETF | Add +225.3% | 0.10% | +0.07 |
| AZO AutoZone Inc. | Add +13.4% | 0.25% | +0.06 |
| PLTR Palantir Technologies Inc. Class A | Add +145.6% | 0.11% | +0.06 |
Notes & Other Activity Q4 2025 → Q1 2026
| PH Parker Hannifin Corp. | COM | Reduce -100.0% | 0 | $0 |
| CTAS Cintas Corp. | COM | Reduce -100.0% | 0 | $0 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | ST STR UTIL ETF | Reduce -100.0% | 0 | $0 |
| ASHS Xtrackers Harvest Csi 500 CH | XTRACK CSI 500 A | Reduce -100.0% | 0 | $0 |
| ARM Arm Holdings PLC-ADR | SPONSORED ADS | Reduce -100.0% | 0 | $0 |
| BP BP PLC-Spons ADR | SPONSORED ADR | New | 0 | $0 |
| GSK GSK PLC-Spon ADR | SPONSORED ADR | Sold out | 0 | $0before exit |
| JD Jd.com Inc.-ADR | SPON ADS CL A | Sold out | 0 | $0before exit |
| SE Sea Ltd.-ADR | SPONSORD ADS | Sold out | 0 | $0before exit |
| UTHR United Therapeutics Corp. | COM | Sold out | 0 | $0before exit |
| VRT Vertiv Holdings Co. Class A | COM CL A | Sold out | 0 | $0before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.