LGT Fund Management Co Ltd.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), LGT Fund Management Co Ltd. reported 233 stock positions worth $1.1 billion. Its top holding was Microsoft (MSFT) at 5.4% of the portfolio, followed by Amazon.com (AMZN, 4.4%) and Visa Class A (V, 3.7%). Compared with Q4 2024, it opened 21 new positions, sold out of 31, added to 75 and reduced 67. The biggest buy was a new position in Verisign (VRSN) and the biggest sale PayPal (PYPL, shares −84%).

Most Recent 13F
Q2 2026
Location
VADUZ, N2
CIK
0001911284
Portfolio Value
$1.1B (Q1 2025)
SEC Filing
0001911284-25-000002 ↗ filed May 13, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $239.0M Q1 2024 Q2 2024: $801.2M Q2 2024 Q3 2024: $962.8M Q3 2024 Q4 2024: $1.1B Q4 2024 Q1 2025: $1.1B $1.1B Q1 2025 Q2 2025: $1.1B Q2 2025 Q3 2025: $1.2B Q3 2025 Q4 2025: $1.3B Q4 2025 Q1 2026: $2.3B Q1 2026 Q2 2026: $2.4B Q2 2026

Holdings 233 stocks · $1.1B
MSFT Microsoft Corp. 5.43% 159,885 $60.0M Add +2.9%
AMZN Amazon.com Inc. 4.40% 255,290 $48.6M Reduce -2.3%
V Visa Inc. Class A 3.73% 117,724 $41.3M Reduce -0.3%
NVDA Nvidia Corp. 3.64% 370,946 $40.2M Add +17.9%
BRK.B Berkshire Hathaway Inc. Class B 3.35% 69,469 $37.0M Reduce -1.4%
AAPL Apple Inc. 3.17% 157,581 $35.0M Reduce -1.9%
GOOGL Alphabet Inc. Class A 2.51% 178,981 $27.7M Add +9.3%
KO The Coca-Cola Co. 2.14% 330,676 $23.7M Add +16.3%
LLY Eli Lilly & Co. 2.12% 28,407 $23.5M Add +12.2%
UNH Unitedhealth Group Inc. 1.95% 41,189 $21.6M Add +13.3%
META Meta Platforms Inc. Class A 1.92% 36,807 $21.2M Add +48.4%
AVGO Broadcom Inc. 1.80% 118,565 $19.9M Add +11.7%
MCD McDonald's Corp. 1.78% 63,133 $19.7M Reduce -2.8%
BLK BlackRock Inc. 1.68% 19,587 $18.5M No change
CRM Salesforce Inc. 1.65% 67,797 $18.2M Reduce -5.5%
ABT Abbott Laboratories 1.60% 132,970 $17.6M Reduce -0.3%
SPGI S&P Global Inc. 1.46% 31,645 $16.1M Add +5.8%
AMT American Tower Corp. 1.42% 71,860 $15.6M Add +1.0%
FTNT Fortinet Inc. 1.25% 143,187 $13.8M Reduce -2.1%
GOOG Alphabet Inc. Class C 1.24% 87,872 $13.7M Reduce -0.0%
TSM Taiwan Semiconductor-SP ADR 1.18% 78,446 $13.0M Reduce -13.8%
BKNG Booking Holdings Inc. 1.17% 2,809 $12.9M Reduce -2.0%
PG The Procter & Gamble Co. 1.16% 75,461 $12.9M Add +14.9%
CB Chubb Ltd. 1.11% 40,685 $12.3M Add +9.7%
ICE Intercontinental Exchange Inc. 1.01% 64,463 $11.1M Add +7.2%
PGR Progressive Corp. 0.95% 37,133 $10.5M Add +52.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.95% 250,246 $10.4M Add +36.6%
BRK.A Berkshire Hathaway Inc. Class A 0.94% 13 $10.4M No change
UBS UBS Group AG-Reg 0.94% 341,497 $10.4M Add +24.2%
BN Brookfield Corp. 0.93% 197,227 $10.3M No change
HCA HCA Healthcare Inc. 0.86% 27,352 $9.5M Add +4.4%
VEEV Veeva Systems Inc. Class A 0.82% 39,158 $9.1M Add +17.8%
MCO Moody's Corp. 0.79% 18,813 $8.8M Add +1.1%
SHW The Sherwin-Williams Co. 0.79% 25,058 $8.8M Add +13.4%
AER Aercap Holdings NV 0.79% 85,393 $8.7M Add +0.7%
VRSN Verisign Inc. 0.79% 34,185 $8.7M New
CYBR Cyberark Software Ltd./Israel 0.78% 25,652 $8.7M Add +48.1%
JPM JPMorgan Chase & Co. 0.77% 34,722 $8.5M Reduce -13.6%
COP Conocophillips 0.76% 80,189 $8.4M Add +15.6%
NYT New York Times Co. Class A 0.76% 169,666 $8.4M Add +10.7%
MA Mastercard Inc. Class A 0.70% 14,044 $7.7M Reduce -16.3%
FAST Fastenal Co. 0.66% 94,639 $7.3M Reduce -10.1%
ROP Roper Technologies Inc. 0.66% 12,385 $7.3M Add +23.7%
CME Cme Group Inc. 0.63% 26,288 $7.0M Add +403.4%
MRK Merck & Co. Inc. 0.58% 71,502 $6.4M Add +30.3%
HD Home Depot Inc. 0.55% 16,637 $6.1M Reduce -47.9%
WMT Walmart Inc. 0.55% 69,374 $6.1M Reduce -26.2%
UBER Uber Technologies Inc. 0.55% 82,969 $6.0M Add +69.7%
BSX Boston Scientific Corp. 0.53% 58,304 $5.9M Add +1299.9%
CP Canadian Pacific Kansas City 0.52% 81,097 $5.7M Add +13.7%
POST Post Holdings Inc. filed as POST HLDGS INC 0.51% 48,269 $5.6M New
WFC Wells Fargo & Co. 0.50% 77,052 $5.5M Add +83.5%
AME Ametek Inc. 0.50% 32,000 $5.5M Add +13.9%
C Citigroup Inc. 0.48% 75,028 $5.3M No change
EFX Equifax Inc. 0.47% 21,469 $5.2M Add +21.1%
NOW ServiceNow Inc. 0.47% 6,544 $5.2M Reduce -46.5%
TMUS T-Mobile US Inc. 0.46% 19,235 $5.1M Reduce -18.9%
LGIH Lgi Homes Inc. 0.46% 76,177 $5.1M Add +11.2%
ELV Elevance Health Inc. 0.45% 11,400 $5.0M Add +142.6%
MDLZ Mondelez International Inc. Class A 0.44% 71,888 $4.9M Add +578.2%
WM Waste Management Inc. 0.43% 20,453 $4.7M Reduce -25.6%
INTU Intuit Inc. 0.36% 6,499 $4.0M Add +2.6%
STLA Stellantis NV 0.36% 355,041 $4.0M Add +12.6%
PM Philip Morris International 0.33% 23,065 $3.7M Reduce -1.8%
ACN Accenture PLC Class A 0.33% 11,669 $3.6M Add +22.9%
BMY Bristol-Myers Squibb Co. 0.33% 59,088 $3.6M No change
TMO Thermo Fisher Scientific Inc. 0.32% 7,046 $3.5M Reduce -29.8%
ADBE Adobe Inc. 0.31% 8,921 $3.4M Add +161.6%
FSLR First Solar Inc. 0.31% 26,915 $3.4M Add +89.6%
XOM Exxon Mobil Corp. 0.30% 28,118 $3.3M Reduce -27.6%
PANW Palo Alto Networks Inc. 0.30% 19,377 $3.3M Reduce -59.1%
AMD Advanced Micro Devices 0.30% 31,764 $3.3M Reduce -28.4%
CSGP Costar Group Inc. 0.29% 40,956 $3.2M Add +67.4%
BILI Bilibili Inc.-Sponsored ADR 0.29% 168,150 $3.2M New
SPOT Spotify Technology SA 0.28% 5,720 $3.1M No change
ABBV Abbvie Inc. 0.28% 14,954 $3.1M Reduce -29.6%
BERY Berry Global Group Inc. 0.28% 44,432 $3.1M Reduce -66.2%
MMM 3M Co. 0.28% 21,100 $3.1M No change
VERX Vertex Inc. Class A 0.28% 87,700 $3.1M New
BBD Banco Bradesco-ADR 0.28% 1,364,814 $3.0M No change
CL Colgate-Palmolive Co. 0.27% 32,329 $3.0M Reduce -22.6%
RELY Remitly Global Inc. 0.27% 144,000 $3.0M New
COR Cencora Inc. 0.27% 10,657 $3.0M No change
CAH Cardinal Health Inc. 0.27% 21,353 $2.9M No change
PEP Pepsico Inc. 0.27% 19,553 $2.9M Reduce -39.4%
AZO AutoZone Inc. 0.26% 761 $2.9M Reduce -13.9%
MO Altria Group Inc. 0.26% 48,337 $2.9M No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.26% 34,554 $2.9M No change
MCK McKesson Corp. 0.26% 4,276 $2.9M No change
AON Aon PLC Class A 0.26% 7,203 $2.9M Reduce -31.6%
KMB Kimberly-Clark Corp. 0.26% 20,162 $2.9M No change
SFM Sprouts Farmers Market Inc. 0.25% 18,344 $2.8M No change
EXEL Exelixis Inc. 0.25% 75,834 $2.8M No change
GRMN Garmin Ltd. 0.25% 12,800 $2.8M No change
GILD Gilead Sciences Inc. 0.25% 24,685 $2.8M New
PPC Pilgrim's Pride Corp. 0.25% 50,703 $2.8M No change
RYAN Ryan Specialty Holdings Inc. 0.25% 37,265 $2.8M No change
TSN Tyson Foods Inc. Class A 0.24% 42,281 $2.7M No change
ETN Eaton Corp. PLC 0.24% 9,907 $2.7M Add +147.5%
YOU Clear Secure Inc. Class A 0.24% 103,357 $2.7M No change

Show all 233 holdings

Other holdings (4): bonds, preferreds, convertibles and warrants · $4.4M (not counted above)
SecurityClassShares / PrincipalValueChange
PDD HOLDINGS INC (PDD 0 12/01/25) NOTE 12/0 · principal 2,000,000$2.0MAdd +100.0%
LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) NOTE 1.750% 1/1 · principal 1,300,000$1.1MNo change
OKTA INC (OKTA 0.125 09/01/25) NOTE 0.125% 9/0 · principal 1,000,000$979KNo change
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 9,500$339KNo change

Total filed on the 13F, all lines: $1.1B.

Portfolio Sells Q4 2024 → Q1 2025
PYPL PayPal Holdings Inc. Reduce -84.1% 0.18% −1.24
GIS General Mills Inc. Sold out 0.00% −0.81
NOW ServiceNow Inc. Reduce -46.5% 0.47% −0.67
AMZN Amazon.com Inc. Reduce -2.3% 4.40% −0.64
HD Home Depot Inc. Reduce -47.9% 0.55% −0.54
BERY Berry Global Group Inc. Reduce -66.2% 0.28% −0.46
CRM Salesforce Inc. Reduce -5.5% 1.65% −0.46
PANW Palo Alto Networks Inc. Reduce -59.1% 0.30% −0.46
TSM Taiwan Semiconductor-SP ADR Reduce -13.8% 1.18% −0.40
AAPL Apple Inc. Reduce -1.9% 3.17% −0.36
CC The Chemours Co. Sold out 0.00% −0.32
TEVA Teva Pharmaceutical-SP ADR Sold out 0.00% −0.31
AEM Agnico Eagle Mines Ltd. Reduce -88.3% 0.06% −0.28
VITL Vital Farms Inc. Sold out 0.00% −0.28
EOG EOG Resources Inc. Reduce -84.5% 0.06% −0.27
GDDY GoDaddy Inc. Class A Sold out 0.00% −0.24
IQV Iqvia Holdings Inc. Sold out 0.00% −0.24
CPNG Coupang Inc. Sold out 0.00% −0.23
GOOG Alphabet Inc. Class C Reduce -0.0% 1.24% −0.23
FCX Freeport-McMoran Inc. Reduce -89.2% 0.03% −0.22
PNW Pinnacle West Capital Sold out 0.00% −0.22
STNG Scorpio Tankers Inc. Sold out 0.00% −0.21
TXRH Texas Roadhouse Inc. Sold out 0.00% −0.21
OKE Oneok Inc. Sold out 0.00% −0.21
HRB H&R Block Inc. Sold out 0.00% −0.21
ALNY Alnylam Pharmaceuticals Inc. Sold out 0.00% −0.21
LMT Lockheed Martin Corp. Sold out 0.00% −0.20
PDD PDD Holdings Inc. Sold out 0.00% −0.20
WMT Walmart Inc. Reduce -26.2% 0.55% −0.19
THC Tenet Healthcare Corp. Sold out 0.00% −0.18
BAH Booz Allen Hamilton Holdings Sold out 0.00% −0.18
AMD Advanced Micro Devices Reduce -28.4% 0.30% −0.18
LDOS Leidos Holdings Inc. Sold out 0.00% −0.17
PEP Pepsico Inc. Reduce -39.4% 0.27% −0.17
PFE Pfizer Inc. Reduce -58.7% 0.10% −0.15
TMO Thermo Fisher Scientific Inc. Reduce -29.8% 0.32% −0.14
TT Trane Technologies PLC Reduce -61.6% 0.08% −0.13
FIS Fidelity National Info Serv Reduce -60.0% 0.07% −0.11
DHR Danaher Corp. Reduce -28.0% 0.20% −0.10
CVX Chevron Corp. Reduce -51.6% 0.12% −0.09
MRVL Marvell Technology Inc. Sold out 0.00% −0.09
BKNG Booking Holdings Inc. Reduce -2.0% 1.17% −0.08
MA Mastercard Inc. Class A Reduce -16.3% 0.70% −0.08
LRCX Lam Research Corp. Reduce -41.6% 0.12% −0.07
JPM JPMorgan Chase & Co. Reduce -13.6% 0.77% −0.07
AON Aon PLC Class A Reduce -31.6% 0.26% −0.07
JNJ Johnson & Johnson Reduce -56.7% 0.07% −0.07
CPRT Copart Inc. Reduce -27.6% 0.20% −0.07
PLD Prologis Inc. Reduce -34.9% 0.17% −0.07
AMAT Applied Materials Inc. Reduce -18.9% 0.20% −0.07

Portfolio Buys Q4 2024 → Q1 2025
VRSN Verisign Inc. New 0.79% +0.79
META Meta Platforms Inc. Class A Add +48.4% 1.92% +0.64
KO The Coca-Cola Co. Add +16.3% 2.14% +0.59
CME Cme Group Inc. Add +403.4% 0.63% +0.52
POST Post Holdings Inc. New 0.51% +0.51
BSX Boston Scientific Corp. Add +1299.9% 0.53% +0.50
PGR Progressive Corp. Add +52.7% 0.95% +0.44
LLY Eli Lilly & Co. Add +12.2% 2.12% +0.41
MDLZ Mondelez International Inc. Class A Add +578.2% 0.44% +0.39
UNH Unitedhealth Group Inc. Add +13.3% 1.95% +0.34
ELV Elevance Health Inc. Add +142.6% 0.45% +0.30
BILI Bilibili Inc.-Sponsored ADR New 0.29% +0.29
UBER Uber Technologies Inc. Add +69.7% 0.55% +0.29
CYBR Cyberark Software Ltd./Israel Add +48.1% 0.78% +0.28
VERX Vertex Inc. Class A New 0.28% +0.28
RELY Remitly Global Inc. New 0.27% +0.27
AMT American Tower Corp. Add +1.0% 1.42% +0.27
GILD Gilead Sciences Inc. New 0.25% +0.25
WFC Wells Fargo & Co. Add +83.5% 0.50% +0.24
BAC Bank of America Corp. Add +36.6% 0.95% +0.24
BRBR Bellring Brands Inc. New 0.23% +0.23
SNX TD Synnex Corp. New 0.23% +0.23
LRN Stride Inc. New 0.22% +0.22
EAT Brinker International Inc. New 0.22% +0.22
ICE Intercontinental Exchange Inc. Add +7.2% 1.01% +0.22
CB Chubb Ltd. Add +9.7% 1.11% +0.21
VEEV Veeva Systems Inc. Class A Add +17.8% 0.82% +0.21
ROP Roper Technologies Inc. Add +23.7% 0.66% +0.20
UBS UBS Group AG-Reg Add +24.2% 0.94% +0.20
PG The Procter & Gamble Co. Add +14.9% 1.16% +0.20
ADBE Adobe Inc. Add +161.6% 0.31% +0.18
KGC Kinross Gold Corp. New 0.17% +0.17
HCA HCA Healthcare Inc. Add +4.4% 0.86% +0.17
COP Conocophillips Add +15.6% 0.76% +0.16
SPGI S&P Global Inc. Add +5.8% 1.46% +0.15
CSGP Costar Group Inc. Add +67.4% 0.29% +0.14
SHW The Sherwin-Williams Co. Add +13.4% 0.79% +0.13
MELI MercadoLibre Inc. Add +186.1% 0.18% +0.13
ETN Eaton Corp. PLC Add +147.5% 0.24% +0.13
AJG Arthur J Gallagher & Co. Add +43.1% 0.24% +0.11
MRK Merck & Co. Inc. Add +30.3% 0.58% +0.10
FSLR First Solar Inc. Add +89.6% 0.31% +0.09
AER Aercap Holdings NV Add +0.7% 0.79% +0.08
EFX Equifax Inc. Add +21.1% 0.47% +0.08
SYK Stryker Corp. Add +111.9% 0.13% +0.07
RACE Ferrari NV New 0.07% +0.07
CP Canadian Pacific Kansas City Add +13.7% 0.52% +0.06
WSO Watsco Inc. New 0.06% +0.06
NYT New York Times Co. Class A Add +10.7% 0.76% +0.06
AME Ametek Inc. Add +13.9% 0.50% +0.05

Notes & Other Activity Q4 2024 → Q1 2025
PDD HOLDINGS INC (PDD 0 12/01/25) NOTE 12/0 · principal Add +100.0% 2,000,000 $2.0M
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal Sold out 1,000,000 $960Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 235$2.4BAAPL, NVDA, MSFT, GOOGL, AVGO
Q1 2026 242$2.3BAAPL, NVDA, MSFT, GOOGL, AMZN
Q4 2025 218$1.3BMSFT, AMZN, NVDA, AAPL, GOOGL
Q3 2025 233$1.2BMSFT, NVDA, AMZN, AAPL, GOOGL
Q2 2025 232$1.1BMSFT, NVDA, AMZN, V, BRK.B
Q1 2025 233$1.1BMSFT, AMZN, V, NVDA, BRK.B
Q4 2024 243$1.1BMSFT, AMZN, NVDA, AAPL, V
Q3 2024 213$962.8MMSFT, AMZN, NVDA, AAPL, V
Q2 2024 196$801.2MMSFT, AMZN, GOOGL, BRK.B, V
Q1 2024 127$239.0MMSFT, GOOGL, BRK.B, LLY, AMZN