Kepler Cheuvreux (Suisse) SA

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 28, 2026), Kepler Cheuvreux (Suisse) SA reported 171 stock positions worth $1.5 billion. Its top holding was Cisco Systems (CSCO) at 3.6% of the portfolio, followed by Nvidia (NVDA, 3.1%) and Microsoft (MSFT, 2.9%). Compared with Q4 2025, it opened 44 new positions, sold out of 21, added to 23 and reduced 90. The biggest buy was a new position in Dell Technologies -C (DELL) and the biggest sale Microsoft (MSFT, shares −16%).

Most Recent 13F
Q2 2026
Location
NYON, V8
CIK
0002096459
Portfolio Value
$1.5B (Q1 2026)
SEC Filing
0002096459-26-000003 ↗ filed Apr 28, 2026

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q3 2025: $1.9B Q3 2025 Q4 2025: $1.8B Q4 2025 Q1 2026: $1.5B $1.5B Q1 2026 Q2 2026: $1.7B Q2 2026

Holdings 171 stocks · $1.5B
CSCO Cisco Systems Inc. 3.65% 707,640 $54.9M Reduce -11.9%
NVDA Nvidia Corp. 3.14% 271,250 $47.3M Reduce -15.5%
MSFT Microsoft Corp. 2.88% 116,894 $43.3M Reduce -15.6%
AAPL Apple Inc. 2.71% 160,496 $40.7M Reduce -7.2%
META Meta Platforms Inc. Class A 2.70% 71,084 $40.7M Add +10.9%
GOOGL Alphabet Inc. Class A 2.68% 140,181 $40.3M Reduce -9.7%
RY Royal Bank of Canada 2.66% 178,048 $40.0M No change
V Visa Inc. Class A 2.58% 128,684 $38.9M Reduce -13.8%
MA Mastercard Inc. Class A 2.56% 77,206 $38.6M Reduce -13.8%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 2.51% 287,239 $37.8M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 2.36% 222,721 $35.6M Reduce -23.2%
KO The Coca-Cola Co. 2.35% 465,898 $35.4M Reduce -8.4%
CAH Cardinal Health Inc. 2.17% 154,647 $32.7M Reduce -32.0%
LRCX Lam Research Corp. 2.03% 143,120 $30.6M Reduce -14.2%
ABBV Abbvie Inc. 1.92% 132,518 $28.8M Reduce -3.4%
TT Trane Technologies PLC 1.84% 66,414 $27.7M Reduce -21.0%
BKNG Booking Holdings Inc. 1.66% 5,933 $25.0M Reduce -19.4%
RSG Republic Services Inc. 1.61% 110,415 $24.2M Reduce -16.4%
ADP Automatic Data Processing 1.59% 117,661 $23.9M Reduce -11.3%
LIN Linde PLC 1.58% 48,051 $23.8M Reduce -18.0%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C 1.58% 246,523 $23.8M No change
KLAC KLA Corp. 1.54% 15,765 $23.2M Reduce -15.8%
AVGO Broadcom Inc. 1.51% 73,346 $22.7M Reduce -15.3%
CAT Caterpillar Inc. 1.44% 30,630 $21.7M Reduce -15.4%
BAP Credicorp Ltd. 1.41% 62,793 $21.3M Reduce -0.7%
PFE Pfizer Inc. 1.30% 696,069 $19.5M Add +21.3%
JNJ Johnson & Johnson 1.29% 79,450 $19.4M Reduce -16.1%
GILD Gilead Sciences Inc. 1.21% 130,328 $18.2M Add +57.8%
FOXA Fox Corp. Class A 1.20% 309,923 $18.1M Reduce -31.9%
SPG Simon Property Group Inc. 1.19% 96,168 $17.9M Reduce -18.9%
NTAP Netapp Inc. 1.19% 175,017 $17.9M Add +25.6%
MFC Manulife Financial Corp. 1.15% 361,673 $17.3M Reduce -16.7%
DELL Dell Technologies -C 1.15% 105,572 $17.3M New
GE General Electric filed as GE AEROSPACE 1.13% 59,743 $17.0M Reduce -7.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.06% 65,998 $16.0M Reduce -3.1%
CME Cme Group Inc. 1.03% 52,389 $15.5M Reduce -43.0%
PGR Progressive Corp. 1.02% 77,357 $15.3M Add +882.1%
SLF Sun Life Financial Inc. 0.99% 170,360 $14.8M No change
GOOG Alphabet Inc. Class C 0.89% 46,509 $13.3M Reduce -31.0%
PEG Public Service Enterprise GP 0.87% 161,479 $13.1M No change
MU Micron Technology Inc. 0.86% 38,375 $13.0M Reduce -32.4%
HIG Hartford Insurance Group Inc. 0.78% 86,433 $11.7M Reduce -33.6%
TEL Te Connectivity PLC 0.77% 55,635 $11.6M Add +0.0%
VRSN Verisign Inc. 0.77% 46,364 $11.5M Reduce -17.4%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.75% 95,319 $11.3M Reduce -29.2%
CDW CDW Corp. 0.73% 90,478 $10.9M Add +69.5%
WMT Walmart Inc. 0.72% 87,818 $10.9M Reduce -9.4%
MRK Merck & Co. Inc. 0.71% 88,573 $10.7M Reduce -18.8%
ENB Enbridge Inc. 0.71% 141,444 $10.6M No change
MDT Medtronic PLC 0.68% 118,776 $10.3M Reduce -13.3%
ALLE Allegion PLC 0.67% 69,370 $10.1M Reduce -25.7%
APH Amphenol Corp. Class A 0.65% 76,984 $9.7M Reduce -25.6%
INTU Intuit Inc. 0.63% 22,064 $9.5M Reduce -24.1%
COR Cencora Inc. 0.54% 25,749 $8.1M Reduce -11.0%
ATO Atmos Energy Corp. 0.52% 42,250 $7.8M Reduce -32.6%
AER Aercap Holdings NV 0.50% 54,390 $7.5M Reduce -41.7%
QCOM Qualcomm Inc. 0.49% 57,406 $7.4M Add +10.0%
PAYX Paychex Inc. 0.47% 76,519 $7.0M Reduce -26.2%
T AT&T Inc. 0.47% 242,858 $7.0M New
TMUS T-Mobile US Inc. 0.45% 31,963 $6.7M Reduce -16.1%
WPC WP Carey Inc. 0.44% 97,723 $6.6M Reduce -21.7%
JPM JPMorgan Chase & Co. 0.44% 22,566 $6.6M Reduce -29.2%
FFIV F5 Inc. 0.44% 22,820 $6.6M Reduce -46.6%
ADSK Autodesk Inc. 0.43% 27,195 $6.5M Reduce -23.4%
SSNC Ss&c Technologies Holdings 0.43% 95,859 $6.5M Reduce -21.3%
BMO Bank of Montreal filed as BANK MONTREAL MEDIUM 0.43% 34,266 $6.5M No change
CCEP Coca-Cola Europacific Partne 0.40% 66,513 $6.0M Reduce -18.8%
PG The Procter & Gamble Co. 0.37% 38,297 $5.5M No change
AMZN Amazon.com Inc. 0.36% 25,960 $5.4M Reduce -31.6%
KDP Keurig Dr Pepper Inc. 0.36% 203,274 $5.4M Add +27.6%
SNA Snap-on Inc. 0.35% 14,691 $5.3M New
EXC Exelon Corp. 0.34% 105,885 $5.2M New
CMI Cummins Inc. 0.34% 9,578 $5.2M Reduce -37.9%
TSLA Tesla Inc. 0.33% 13,203 $4.9M Reduce -0.1%
FLEX Flex Ltd. filed as FLEXTRONICS INTL LTD 0.32% 74,545 $4.9M New
JBL Jabil Inc. 0.27% 15,369 $4.1M New
PEP Pepsico Inc. 0.26% 25,294 $3.9M No change
FOX Fox Corp. Class B 0.25% 71,161 $3.8M Reduce -61.9%
TPR Tapestry Inc. 0.25% 26,601 $3.8M New
TD Toronto-Dominion Bank 0.24% 27,626 $3.6M No change
MCO Moody's Corp. 0.23% 7,968 $3.5M Reduce -23.8%
NDSN Nordson Corp. 0.22% 12,365 $3.3M Add +16.9%
IBKR Interactive Brokers Gro Class A 0.22% 48,250 $3.2M Add +22.3%
MSI Motorola Solutions Inc. 0.21% 7,361 $3.2M Add +16.7%
EMR Emerson Electric Co. 0.21% 24,292 $3.2M New
AME Ametek Inc. 0.21% 14,806 $3.2M Reduce -31.8%
CRM Salesforce Inc. 0.21% 16,992 $3.2M Add +284.1%
AMP Ameriprise Financial Inc. 0.20% 6,939 $3.1M Reduce -6.2%
MNST Monster Beverage Corp. 0.20% 42,242 $3.1M No change
J Jacobs Solutions Inc. 0.18% 21,197 $2.7M Add +29.9%
ALL Allstate Corp. 0.18% 12,770 $2.6M Reduce -1.1%
MET Metlife Inc. 0.17% 36,641 $2.6M Reduce -20.2%
WDC Western Digital Corp. 0.16% 9,150 $2.5M New
MCD McDonald's Corp. 0.16% 7,944 $2.5M Reduce -27.1%
LLY Eli Lilly & Co. 0.16% 2,644 $2.4M Reduce -5.8%
TRV The Travelers Cos Inc. 0.16% 8,297 $2.4M Add +65.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.16% 24,521 $2.4M No change
GIB Cgi Inc. 0.15% 22,616 $2.3M Reduce -71.1%
AXP American Express Co. 0.15% 7,569 $2.3M Add +8.1%
MCK McKesson Corp. 0.15% 2,564 $2.2M New
CTAS Cintas Corp. 0.14% 12,864 $2.2M Reduce -11.0%
PH Parker Hannifin Corp. 0.14% 2,411 $2.2M Reduce -41.8%
COST Costco Wholesale Corp. 0.14% 2,091 $2.1M Reduce -7.4%
ACGL Arch Capital Group Ltd. 0.13% 19,895 $1.9M Reduce -4.2%
PPG PPG Industries Inc. 0.12% 17,280 $1.8M Reduce -18.7%
JCI Johnson Controls Internation 0.12% 13,583 $1.8M Reduce -31.1%
ACM Aecom 0.12% 20,924 $1.8M New
VZ Verizon Communications Inc. 0.11% 34,441 $1.7M New
HWM Howmet Aerospace Inc. 0.11% 7,412 $1.7M Reduce -0.2%
STX Seagate Technology Holdings 0.11% 4,358 $1.7M New
NFLX Netflix Inc. 0.11% 17,093 $1.6M Reduce -11.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.10% 32,226 $1.6M Reduce -43.1%
ABT Abbott Laboratories 0.10% 14,869 $1.5M Reduce -31.8%
MTD Mettler-Toledo International 0.10% 1,209 $1.5M Add +53.8%
ORLY O'reilly Automotive Inc. 0.10% 16,493 $1.5M Reduce -52.9%
PDD PDD Holdings Inc. 0.10% 14,882 $1.5M Reduce -46.9%
PNR Pentair PLC 0.10% 17,317 $1.5M Reduce -19.4%
CIEN Ciena Corp. 0.09% 3,570 $1.4M New
SHW The Sherwin-Williams Co. 0.09% 4,290 $1.4M Reduce -35.5%
EQH Equitable Holdings Inc. 0.09% 36,397 $1.4M Reduce -47.9%
ANET Arista Networks Inc. 0.09% 10,840 $1.3M Reduce -20.9%
BR Broadridge Financial Solutio 0.09% 7,913 $1.3M Reduce -40.6%
SYF Synchrony Financial 0.09% 18,819 $1.3M Reduce -14.5%
GS Goldman Sachs Group Inc. 0.09% 1,513 $1.3M Add +17.7%
LVS Las Vegas Sands Corp. 0.08% 23,268 $1.3M Add +14.2%
VRT Vertiv Holdings Co. Class A 0.08% 4,750 $1.2M Reduce -12.6%
ITW Illinois Tool Works 0.08% 4,519 $1.2M Reduce -64.8%
AVY Avery Dennison Corp. 0.08% 6,707 $1.2M New
CTSH Cognizant Tech Solutions-A 0.07% 17,988 $1.1M Reduce -89.9%
CRBG Corebridge Financial Inc. 0.07% 45,757 $1.1M New
BSX Boston Scientific Corp. 0.07% 17,109 $1.1M New
EXPE Expedia Group Inc. 0.07% 4,624 $1.1M Reduce -70.6%
ESS Essex Property Trust Inc. 0.07% 4,372 $1.1M Add +33.5%
NDAQ Nasdaq Inc. 0.07% 12,079 $1.0M Add +56.8%
PFG Principal Financial Group 0.07% 11,050 $996K Reduce -57.0%
RF Regions Financial Corp. 0.07% 37,482 $979K New
IQV Iqvia Holdings Inc. 0.06% 5,724 $976K Add +5.0%
NET Cloudflare Inc. Class A 0.06% 4,557 $940K Add +3.3%
CINF Cincinnati Financial Corp. 0.06% 5,916 $931K Reduce -3.9%
F Ford Motor Co. filed as FORD MTR CO 0.06% 80,498 $929K New
MS Morgan Stanley 0.06% 5,587 $919K Reduce -0.7%
FITB Fifth Third Bancorp 0.06% 19,096 $887K New
AMGN Amgen Inc. 0.06% 2,462 $866K New
UDR Udr Inc. 0.06% 25,366 $857K Reduce -1.6%
PKG Packaging Corp. of America 0.06% 3,916 $831K New
FIX Comfort Systems USA Inc. 0.06% 600 $827K New
NEE Nextera Energy Inc. 0.05% 8,301 $771K New
DRI Darden Restaurants Inc. 0.05% 3,688 $723K New
SNOW Snowflake Inc. 0.05% 4,655 $702K New
WAB Wabtec Corp. 0.05% 2,730 $682K New
TSCO Tractor Supply Company 0.04% 14,800 $670K New
DASH DoorDash Inc. Class A 0.04% 4,397 $660K New
EFX Equifax Inc. 0.04% 3,516 $633K New
C Citigroup Inc. 0.04% 5,570 $632K New
ZS Zscaler Inc. 0.04% 4,456 $625K New
HOOD Robinhood Markets Inc. Class A 0.04% 8,506 $589K New
ISRG Intuitive Surgical Inc. 0.04% 1,273 $587K New
SPGI S&P Global Inc. 0.04% 1,350 $574K Reduce -63.7%
YUM Yum! Brands Inc. 0.04% 3,685 $573K New
CSX CSX Corp. 0.04% 13,853 $569K New
MRVL Marvell Technology Inc. 0.04% 5,735 $568K New
ALNY Alnylam Pharmaceuticals Inc. 0.04% 1,713 $567K New
FTV Fortive Corp. 0.04% 10,061 $556K New
FAST Fastenal Co. 0.04% 11,397 $529K No change
ADI Analog Devices Inc. 0.04% 1,660 $528K New
TER Teradyne Inc. 0.03% 1,727 $512K New
CSL Carlisle Cos Inc. 0.03% 1,449 $483K New
GGG Graco Inc. 0.03% 5,692 $482K New
SYK Stryker Corp. 0.03% 1,453 $477K Reduce -54.6%
O Realty Income Corp. 0.03% 7,657 $468K No change
HCA HCA Healthcare Inc. 0.03% 954 $451K New

Portfolio Sells Q4 2025 → Q1 2026
MSFT Microsoft Corp. Reduce -15.6% 2.88% −0.91
CTSH Cognizant Tech Solutions-A Reduce -89.9% 0.07% −0.76
FOXA Fox Corp. Class A Reduce -31.9% 1.20% −0.68
BKNG Booking Holdings Inc. Reduce -19.4% 1.66% −0.57
NXPI NXP Semiconductors NV Sold out 0.00% −0.53
CAH Cardinal Health Inc. Reduce -32.0% 2.17% −0.47
INTU Intuit Inc. Reduce -24.1% 0.63% −0.45
FOX Fox Corp. Class B Reduce -61.9% 0.25% −0.43
GIB Cgi Inc. Reduce -71.1% 0.15% −0.41
ZM Zoom Communications Inc. Sold out 0.00% −0.41
CME Cme Group Inc. Reduce -43.0% 1.03% −0.39
V Visa Inc. Class A Reduce -13.8% 2.58% −0.37
ADP Automatic Data Processing Reduce -11.3% 1.59% −0.34
MA Mastercard Inc. Class A Reduce -13.8% 2.56% −0.32
PINS Pinterest Inc. Class A Sold out 0.00% −0.32
GOOG Alphabet Inc. Class C Reduce -31.0% 0.89% −0.31
SRE Sempra Sold out 0.00% −0.29
AER Aercap Holdings NV Reduce -41.7% 0.50% −0.26
NVDA Nvidia Corp. Reduce -15.5% 3.14% −0.24
HIG Hartford Insurance Group Inc. Reduce -33.6% 0.78% −0.24
LH Labcorp Holdings Inc. Sold out 0.00% −0.19
PAYX Paychex Inc. Reduce -26.2% 0.47% −0.19
AVGO Broadcom Inc. Reduce -15.3% 1.51% −0.18
EXPE Expedia Group Inc. Reduce -70.6% 0.07% −0.18
FFIV F5 Inc. Reduce -46.6% 0.44% −0.18
SSNC Ss&c Technologies Holdings Reduce -21.3% 0.43% −0.17
ALLE Allegion PLC Reduce -25.7% 0.67% −0.17
ADSK Autodesk Inc. Reduce -23.4% 0.43% −0.16
TJX TJX Companies Inc. Reduce -23.2% 2.36% −0.15
APH Amphenol Corp. Class A Reduce -25.6% 0.65% −0.14
ARES Ares Management Corp. Class A Sold out 0.00% −0.14
JPM JPMorgan Chase & Co. Reduce -29.2% 0.44% −0.14
DECK Deckers Outdoor Corp. Sold out 0.00% −0.14
AMZN Amazon.com Inc. Reduce -31.6% 0.36% −0.14
BNY Bank of New York Mellon Corp. Reduce -29.2% 0.75% −0.13
ZTS Zoetis Inc. Sold out 0.00% −0.11
ECL Ecolab Inc. Sold out 0.00% −0.11
MRSH Marsh & McLennan Cos Sold out 0.00% −0.11
CMI Cummins Inc. Reduce -37.9% 0.34% −0.10
ITW Illinois Tool Works Reduce -64.8% 0.08% −0.10
EQH Equitable Holdings Inc. Reduce -47.9% 0.09% −0.10
ATHM Autohome Inc.-ADR Sold out 0.00% −0.10
HLT Hilton Worldwide Holdings Inc. Sold out 0.00% −0.10
ORCL Oracle Corp. Sold out 0.00% −0.09
BR Broadridge Financial Solutio Reduce -40.6% 0.09% −0.08
ORLY O'reilly Automotive Inc. Reduce -52.9% 0.10% −0.08
PDD PDD Holdings Inc. Reduce -46.9% 0.10% −0.08
IBM Intl Business Machines Corp. Reduce -3.1% 1.06% −0.08
ATO Atmos Energy Corp. Reduce -32.6% 0.52% −0.07
SPGI S&P Global Inc. Reduce -63.7% 0.04% −0.07

Portfolio Buys Q4 2025 → Q1 2026
DELL Dell Technologies -C New 1.15% +1.15
PGR Progressive Corp. Add +882.1% 1.02% +0.92
GILD Gilead Sciences Inc. Add +57.8% 1.21% +0.63
PFE Pfizer Inc. Add +21.3% 1.30% +0.49
T AT&T Inc. New 0.47% +0.47
SNA Snap-on Inc. New 0.35% +0.35
NTAP Netapp Inc. Add +25.6% 1.19% +0.35
EXC Exelon Corp. New 0.34% +0.34
FLEX Flex Ltd. New 0.32% +0.32
CDW CDW Corp. Add +69.5% 0.73% +0.32
META Meta Platforms Inc. Class A Add +10.9% 2.70% +0.31
JBL Jabil Inc. New 0.27% +0.27
TPR Tapestry Inc. New 0.25% +0.25
EMR Emerson Electric Co. New 0.21% +0.21
WDC Western Digital Corp. New 0.16% +0.16
MCK McKesson Corp. New 0.15% +0.15
CRM Salesforce Inc. Add +284.1% 0.21% +0.14
ACM Aecom New 0.12% +0.12
VZ Verizon Communications Inc. New 0.11% +0.11
STX Seagate Technology Holdings New 0.11% +0.11
KDP Keurig Dr Pepper Inc. Add +27.6% 0.36% +0.10
CIEN Ciena Corp. New 0.09% +0.09
TRV The Travelers Cos Inc. Add +65.2% 0.16% +0.08
AVY Avery Dennison Corp. New 0.08% +0.08
MSI Motorola Solutions Inc. Add +16.7% 0.21% +0.08
NDSN Nordson Corp. Add +16.9% 0.22% +0.08
CRBG Corebridge Financial Inc. New 0.07% +0.07
IBKR Interactive Brokers Gro Class A Add +22.3% 0.22% +0.07
BSX Boston Scientific Corp. New 0.07% +0.07
RF Regions Financial Corp. New 0.07% +0.07
F Ford Motor Co. New 0.06% +0.06
FITB Fifth Third Bancorp New 0.06% +0.06
TEL Te Connectivity PLC Add +0.0% 0.77% +0.06
AMGN Amgen Inc. New 0.06% +0.06
J Jacobs Solutions Inc. Add +29.9% 0.18% +0.06
PKG Packaging Corp. of America New 0.06% +0.06
FIX Comfort Systems USA Inc. New 0.06% +0.06
NEE Nextera Energy Inc. New 0.05% +0.05
DRI Darden Restaurants Inc. New 0.05% +0.05
SNOW Snowflake Inc. New 0.05% +0.05
WAB Wabtec Corp. New 0.05% +0.05
TSCO Tractor Supply Company New 0.04% +0.04
DASH DoorDash Inc. Class A New 0.04% +0.04
EFX Equifax Inc. New 0.04% +0.04
C Citigroup Inc. New 0.04% +0.04
ZS Zscaler Inc. New 0.04% +0.04
MTD Mettler-Toledo International Add +53.8% 0.10% +0.04
HOOD Robinhood Markets Inc. Class A New 0.04% +0.04
ISRG Intuitive Surgical Inc. New 0.04% +0.04
YUM Yum! Brands Inc. New 0.04% +0.04

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 162$1.7BAAPL, NVDA, CSCO, MU, ABBV
Q1 2026 171$1.5BCSCO, NVDA, MSFT, AAPL, META
Q4 2025 148$1.8BMSFT, CSCO, NVDA, V, MA
Q3 2025 141$1.9BMSFT, CSCO, META, MA, V