LGT Fund Management Co Ltd.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 22, 2025), LGT Fund Management Co Ltd. reported 232 stock positions worth $1.1 billion. Its top holding was Microsoft (MSFT) at 6.3% of the portfolio, followed by Nvidia (NVDA, 5.0%) and Amazon.com (AMZN, 4.8%). Compared with Q1 2025, it opened 30 new positions, sold out of 31, added to 85 and reduced 77. The biggest buy was PayPal (PYPL, shares +533%) and the biggest sale Unitedhealth (UNH, shares −93%).
- Most Recent 13F
- Q2 2026
- Location
- VADUZ, N2
- CIK
- 0001911284
- Portfolio Value
- $1.1B (Q2 2025)
- SEC Filing
- 0001911284-25-000007 ↗ filed Jul 22, 2025
Holdings Value
Holdings 232 stocks · $1.1B
| MSFT Microsoft Corp. | 6.34% | 145,476 | $72.4M | Reduce -9.0% |
| NVDA Nvidia Corp. | 4.99% | 360,832 | $57.0M | Reduce -2.7% |
| AMZN Amazon.com Inc. | 4.84% | 252,038 | $55.3M | Reduce -1.3% |
| V Visa Inc. Class A | 3.35% | 107,659 | $38.2M | Reduce -8.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.35% | 78,618 | $38.2M | Add +13.2% |
| AAPL Apple Inc. | 2.84% | 157,989 | $32.4M | Add +0.3% |
| GOOGL Alphabet Inc. Class A | 2.53% | 163,785 | $28.9M | Reduce -8.5% |
| META Meta Platforms Inc. Class A | 2.46% | 38,076 | $28.1M | Add +3.5% |
| LLY Eli Lilly & Co. | 2.33% | 34,117 | $26.6M | Add +20.1% |
| KO The Coca-Cola Co. | 2.18% | 351,797 | $24.9M | Add +6.4% |
| CRM Salesforce Inc. | 1.77% | 73,955 | $20.2M | Add +9.1% |
| SPGI S&P Global Inc. | 1.74% | 37,553 | $19.8M | Add +18.7% |
| BLK BlackRock Inc. | 1.73% | 18,792 | $19.7M | Reduce -4.1% |
| GOOG Alphabet Inc. Class C | 1.69% | 108,616 | $19.3M | Add +23.6% |
| ABT Abbott Laboratories | 1.58% | 132,970 | $18.1M | No change |
| AMT American Tower Corp. | 1.49% | 76,886 | $17.0M | Add +7.0% |
| AVGO Broadcom Inc. | 1.43% | 59,232 | $16.3M | Reduce -50.0% |
| JPM JPMorgan Chase & Co. | 1.39% | 54,715 | $15.9M | Add +57.6% |
| PYPL PayPal Holdings Inc. | 1.24% | 189,800 | $14.1M | Add +532.7% |
| TSM Taiwan Semiconductor-SP ADR | 1.07% | 54,007 | $12.2M | Reduce -31.1% |
| BN Brookfield Corp. | 0.97% | 178,635 | $11.1M | Reduce -9.4% |
| PG The Procter & Gamble Co. | 0.96% | 69,108 | $11.0M | Reduce -8.4% |
| BKNG Booking Holdings Inc. | 0.96% | 1,891 | $10.9M | Reduce -32.7% |
| SPOT Spotify Technology SA | 0.95% | 14,090 | $10.8M | Add +146.3% |
| HCA HCA Healthcare Inc. | 0.92% | 27,420 | $10.5M | Add +0.3% |
| UBER Uber Technologies Inc. | 0.91% | 111,087 | $10.4M | Add +33.9% |
| VRSN Verisign Inc. | 0.88% | 34,929 | $10.1M | Add +2.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.83% | 13 | $9.5M | No change |
| MCO Moody's Corp. | 0.83% | 18,813 | $9.4M | No change |
| MA Mastercard Inc. Class A | 0.82% | 16,560 | $9.3M | Add +17.9% |
| CME Cme Group Inc. | 0.81% | 33,359 | $9.2M | Add +26.9% |
| AER Aercap Holdings NV | 0.78% | 75,904 | $8.9M | Reduce -11.1% |
| FTNT Fortinet Inc. | 0.76% | 82,126 | $8.7M | Reduce -42.6% |
| CB Chubb Ltd. | 0.76% | 29,760 | $8.6M | Reduce -26.9% |
| UBS UBS Group AG-Reg | 0.72% | 244,036 | $8.3M | Reduce -28.5% |
| ICE Intercontinental Exchange Inc. | 0.60% | 37,232 | $6.8M | Reduce -42.2% |
| MRK Merck & Co. Inc. | 0.57% | 81,724 | $6.5M | Add +14.3% |
| HD Home Depot Inc. | 0.56% | 17,584 | $6.4M | Add +5.7% |
| VEEV Veeva Systems Inc. Class A | 0.56% | 22,037 | $6.3M | Reduce -43.7% |
| PGR Progressive Corp. | 0.54% | 23,286 | $6.2M | Reduce -37.3% |
| WM Waste Management Inc. | 0.53% | 26,607 | $6.1M | Add +30.1% |
| CP Canadian Pacific Kansas City | 0.53% | 76,388 | $6.1M | Reduce -5.8% |
| TMUS T-Mobile US Inc. | 0.53% | 25,225 | $6.0M | Add +31.1% |
| DB Deutsche Bank AG-Registered | 0.51% | 200,000 | $5.8M | New |
| SNX TD Synnex Corp. | 0.50% | 42,169 | $5.7M | Add +75.7% |
| PEP Pepsico Inc. | 0.50% | 43,303 | $5.7M | Add +121.5% |
| BSX Boston Scientific Corp. | 0.49% | 52,466 | $5.6M | Reduce -10.0% |
| NYT New York Times Co. Class A | 0.49% | 100,049 | $5.6M | Reduce -41.0% |
| PM Philip Morris International | 0.48% | 30,353 | $5.5M | Add +31.6% |
| COP Conocophillips | 0.47% | 60,337 | $5.4M | Reduce -24.8% |
| POST Post Holdings Inc. filed as POST HLDGS INC | 0.46% | 48,269 | $5.3M | No change |
| RBLX Roblox Corp. Class A | 0.43% | 47,100 | $5.0M | New |
| ETN Eaton Corp. PLC | 0.42% | 13,550 | $4.8M | Add +36.8% |
| EFX Equifax Inc. | 0.42% | 18,300 | $4.7M | Reduce -14.8% |
| BBD Banco Bradesco-ADR | 0.42% | 1,534,819 | $4.7M | Add +12.5% |
| T AT&T Inc. | 0.41% | 163,600 | $4.7M | New |
| ULS Ul Solutions Inc. Class A | 0.41% | 63,500 | $4.6M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.40% | 96,473 | $4.6M | Reduce -61.5% |
| CAH Cardinal Health Inc. | 0.40% | 27,100 | $4.6M | Add +26.9% |
| WFC Wells Fargo & Co. | 0.39% | 55,885 | $4.5M | Reduce -27.5% |
| ELV Elevance Health Inc. | 0.39% | 11,400 | $4.4M | No change |
| INTU Intuit Inc. | 0.38% | 5,499 | $4.3M | Reduce -15.4% |
| EXEL Exelixis Inc. | 0.37% | 97,005 | $4.3M | Add +27.9% |
| LGIH Lgi Homes Inc. | 0.37% | 81,081 | $4.2M | Add +6.4% |
| PANW Palo Alto Networks Inc. | 0.36% | 20,047 | $4.1M | Add +3.5% |
| XOM Exxon Mobil Corp. | 0.35% | 37,046 | $4.0M | Add +31.8% |
| BILI Bilibili Inc.-Sponsored ADR | 0.35% | 185,700 | $4.0M | Add +10.4% |
| FAST Fastenal Co. | 0.34% | 93,505 | $3.9M | Reduce -50.6% |
| FCX Freeport-McMoran Inc. | 0.34% | 89,862 | $3.9M | Add +1028.6% |
| YOU Clear Secure Inc. Class A | 0.34% | 138,100 | $3.8M | Add +33.6% |
| SFM Sprouts Farmers Market Inc. | 0.33% | 23,200 | $3.8M | Add +26.5% |
| LRCX Lam Research Corp. | 0.33% | 38,620 | $3.8M | Add +120.6% |
| CALM Cal-Maine Foods Inc. | 0.33% | 37,500 | $3.7M | Add +28.0% |
| COR Cencora Inc. | 0.32% | 12,323 | $3.7M | Add +15.6% |
| LRN Stride Inc. | 0.32% | 25,250 | $3.7M | Add +29.5% |
| FSLR First Solar Inc. | 0.32% | 22,130 | $3.7M | Reduce -17.8% |
| MCK McKesson Corp. | 0.32% | 4,933 | $3.6M | Add +15.4% |
| VERX Vertex Inc. Class A | 0.31% | 101,360 | $3.6M | Add +15.6% |
| WINA Winmark Corp. | 0.31% | 9,460 | $3.6M | New |
| STLA Stellantis NV | 0.31% | 355,041 | $3.6M | No change |
| INCY Incyte Corp. | 0.31% | 52,200 | $3.6M | New |
| RELY Remitly Global Inc. | 0.31% | 189,150 | $3.6M | Add +31.4% |
| XPEV Xpeng Inc. - ADR | 0.31% | 197,700 | $3.5M | New |
| ORCL Oracle Corp. | 0.30% | 15,452 | $3.4M | Add +245.4% |
| CL Colgate-Palmolive Co. | 0.29% | 36,720 | $3.3M | Add +13.6% |
| AZO AutoZone Inc. | 0.29% | 894 | $3.3M | Add +17.5% |
| MO Altria Group Inc. | 0.29% | 56,200 | $3.3M | Add +16.3% |
| WMT Walmart Inc. | 0.28% | 32,864 | $3.2M | Reduce -52.6% |
| GILD Gilead Sciences Inc. | 0.27% | 28,135 | $3.1M | Add +14.0% |
| TMO Thermo Fisher Scientific Inc. | 0.27% | 7,642 | $3.1M | Add +8.5% |
| KGC Kinross Gold Corp. | 0.27% | 194,900 | $3.0M | Add +28.4% |
| PPC Pilgrim's Pride Corp. | 0.26% | 66,400 | $3.0M | Add +31.0% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.26% | 9,145 | $2.9M | Add +20.3% |
| BMY Bristol-Myers Squibb Co. | 0.26% | 63,104 | $2.9M | Add +6.8% |
| ROP Roper Technologies Inc. | 0.26% | 5,146 | $2.9M | Reduce -58.5% |
| C Citigroup Inc. | 0.25% | 34,028 | $2.9M | Reduce -54.6% |
| RYAN Ryan Specialty Holdings Inc. | 0.25% | 42,600 | $2.9M | Add +14.3% |
| NEE Nextera Energy Inc. | 0.25% | 41,445 | $2.9M | Add +23.1% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.25% | 31,500 | $2.9M | Reduce -8.8% |
| SHW The Sherwin-Williams Co. | 0.25% | 8,358 | $2.9M | Reduce -66.7% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $1.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) | NOTE 1.750% 1/1 · principal | 1,500,000 | $1.3M | Add +15.4% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 9,500 | $305K | No change |
Total filed on the 13F, all lines: $1.1B.
Portfolio Sells Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | Reduce -92.6% | 0.08% | −1.87 |
| MCD McDonald's Corp. | Reduce -86.9% | 0.21% | −1.57 |
| BAC Bank of America Corp. | Reduce -61.5% | 0.40% | −0.55 |
| SHW The Sherwin-Williams Co. | Reduce -66.7% | 0.25% | −0.54 |
| CYBR Cyberark Software Ltd./Israel | Reduce -73.0% | 0.25% | −0.54 |
| FTNT Fortinet Inc. | Reduce -42.6% | 0.76% | −0.49 |
| ICE Intercontinental Exchange Inc. | Reduce -42.2% | 0.60% | −0.41 |
| PGR Progressive Corp. | Reduce -37.3% | 0.54% | −0.41 |
| ROP Roper Technologies Inc. | Reduce -58.5% | 0.26% | −0.41 |
| V Visa Inc. Class A | Reduce -8.6% | 3.35% | −0.39 |
| AVGO Broadcom Inc. | Reduce -50.0% | 1.43% | −0.37 |
| CB Chubb Ltd. | Reduce -26.9% | 0.76% | −0.36 |
| FAST Fastenal Co. | Reduce -50.6% | 0.34% | −0.32 |
| COP Conocophillips | Reduce -24.8% | 0.47% | −0.29 |
| BERY Berry Global Group Inc. | Sold out | 0.00% | −0.28 |
| MMM 3M Co. | Sold out | 0.00% | −0.28 |
| AME Ametek Inc. | Reduce -56.3% | 0.22% | −0.28 |
| NYT New York Times Co. Class A | Reduce -41.0% | 0.49% | −0.27 |
| WMT Walmart Inc. | Reduce -52.6% | 0.28% | −0.27 |
| VEEV Veeva Systems Inc. Class A | Reduce -43.7% | 0.56% | −0.26 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.26 |
| GRMN Garmin Ltd. | Sold out | 0.00% | −0.25 |
| TSN Tyson Foods Inc. Class A | Sold out | 0.00% | −0.24 |
| NOW ServiceNow Inc. | Reduce -61.4% | 0.23% | −0.24 |
| MDLZ Mondelez International Inc. Class A | Reduce -51.9% | 0.20% | −0.24 |
| CI The Cigna Group | Sold out | 0.00% | −0.23 |
| BRBR Bellring Brands Inc. | Sold out | 0.00% | −0.23 |
| AMD Advanced Micro Devices | Reduce -83.4% | 0.07% | −0.23 |
| C Citigroup Inc. | Reduce -54.6% | 0.25% | −0.23 |
| EAT Brinker International Inc. | Sold out | 0.00% | −0.22 |
| UBS UBS Group AG-Reg | Reduce -28.5% | 0.72% | −0.22 |
| BKNG Booking Holdings Inc. | Reduce -32.7% | 0.96% | −0.21 |
| PG The Procter & Gamble Co. | Reduce -8.4% | 0.96% | −0.20 |
| SRE Sempra | Sold out | 0.00% | −0.19 |
| CTAS Cintas Corp. | Sold out | 0.00% | −0.19 |
| CNK Cinemark Holdings Inc. | Sold out | 0.00% | −0.19 |
| UTHR United Therapeutics Corp. | Sold out | 0.00% | −0.19 |
| COST Costco Wholesale Corp. | Reduce -84.9% | 0.03% | −0.17 |
| AON Aon PLC Class A | Reduce -45.9% | 0.12% | −0.14 |
| NDAQ Nasdaq Inc. | Reduce -87.5% | 0.02% | −0.13 |
| CSGP Costar Group Inc. | Reduce -43.5% | 0.16% | −0.13 |
| ABBV Abbvie Inc. | Reduce -30.7% | 0.17% | −0.12 |
| JCI Johnson Controls Internation | Sold out | 0.00% | −0.11 |
| ECL Ecolab Inc. | Reduce -78.9% | 0.03% | −0.11 |
| WELL Welltower Inc. | Reduce -75.5% | 0.03% | −0.11 |
| WFC Wells Fargo & Co. | Reduce -27.5% | 0.39% | −0.11 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -31.1% | 1.07% | −0.11 |
| RSG Republic Services Inc. | Reduce -74.8% | 0.03% | −0.10 |
| ACN Accenture PLC Class A | Reduce -23.3% | 0.23% | −0.10 |
| BABA Alibaba Group Holding-SP ADR | Reduce -53.5% | 0.06% | −0.09 |
Portfolio Buys Q1 2025 → Q2 2025
| PYPL PayPal Holdings Inc. | Add +532.7% | 1.24% | +1.06 |
| SPOT Spotify Technology SA | Add +146.3% | 0.95% | +0.66 |
| JPM JPMorgan Chase & Co. | Add +57.6% | 1.39% | +0.62 |
| META Meta Platforms Inc. Class A | Add +3.5% | 2.46% | +0.54 |
| DB Deutsche Bank AG-Registered | New | 0.51% | +0.51 |
| GOOG Alphabet Inc. Class C | Add +23.6% | 1.69% | +0.45 |
| RBLX Roblox Corp. Class A | New | 0.43% | +0.43 |
| T AT&T Inc. | New | 0.41% | +0.41 |
| ULS Ul Solutions Inc. Class A | New | 0.41% | +0.41 |
| UBER Uber Technologies Inc. | Add +33.9% | 0.91% | +0.36 |
| FCX Freeport-McMoran Inc. | Add +1028.6% | 0.34% | +0.31 |
| WINA Winmark Corp. | New | 0.31% | +0.31 |
| INCY Incyte Corp. | New | 0.31% | +0.31 |
| XPEV Xpeng Inc. - ADR | New | 0.31% | +0.31 |
| SPGI S&P Global Inc. | Add +18.7% | 1.74% | +0.28 |
| SNX TD Synnex Corp. | Add +75.7% | 0.50% | +0.28 |
| ORCL Oracle Corp. | Add +245.4% | 0.30% | +0.24 |
| PEP Pepsico Inc. | Add +121.5% | 0.50% | +0.24 |
| ANET Arista Networks Inc. | New | 0.22% | +0.22 |
| LRCX Lam Research Corp. | Add +120.6% | 0.33% | +0.21 |
| LLY Eli Lilly & Co. | Add +20.1% | 2.33% | +0.21 |
| ALHC Alignment Healthcare Inc. | New | 0.19% | +0.19 |
| ETN Eaton Corp. PLC | Add +36.8% | 0.42% | +0.18 |
| CME Cme Group Inc. | Add +26.9% | 0.81% | +0.17 |
| MNST Monster Beverage Corp. | New | 0.16% | +0.16 |
| HALO Halozyme Therapeutics Inc. | New | 0.15% | +0.15 |
| PM Philip Morris International | Add +31.6% | 0.48% | +0.15 |
| NFLX Netflix Inc. | Add +246.7% | 0.19% | +0.15 |
| COMP Compass Inc. Class A | New | 0.14% | +0.14 |
| BBD Banco Bradesco-ADR | Add +12.5% | 0.42% | +0.14 |
| ALC Alcon Inc. | Add +175.2% | 0.23% | +0.14 |
| RACE Ferrari NV | Add +177.4% | 0.20% | +0.14 |
| CAH Cardinal Health Inc. | Add +26.9% | 0.40% | +0.13 |
| HON Honeywell International Inc. | Add +229.5% | 0.18% | +0.13 |
| EXEL Exelixis Inc. | Add +27.9% | 0.37% | +0.12 |
| SCI Service Corp. International | New | 0.12% | +0.12 |
| CRM Salesforce Inc. | Add +9.1% | 1.77% | +0.12 |
| MA Mastercard Inc. Class A | Add +17.9% | 0.82% | +0.12 |
| AFL Aflac Inc. | Add +644.7% | 0.13% | +0.11 |
| CDNS Cadence Design SYS Inc. | Add +101.8% | 0.19% | +0.11 |
| SCHW Schwab (charles) Corp. | Add +229.4% | 0.14% | +0.11 |
| WM Waste Management Inc. | Add +30.1% | 0.53% | +0.10 |
| EMR Emerson Electric Co. | Add +63.9% | 0.21% | +0.10 |
| AWK American Water Works Co. Inc. | Add +144.4% | 0.18% | +0.10 |
| VRSN Verisign Inc. | Add +2.2% | 0.88% | +0.10 |
| LRN Stride Inc. | Add +29.5% | 0.32% | +0.10 |
| KGC Kinross Gold Corp. | Add +28.4% | 0.27% | +0.09 |
| YOU Clear Secure Inc. Class A | Add +33.6% | 0.34% | +0.09 |
| CALM Cal-Maine Foods Inc. | Add +28.0% | 0.33% | +0.09 |
| CAT Caterpillar Inc. | Add +34.7% | 0.24% | +0.08 |
Notes & Other Activity Q1 2025 → Q2 2025
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Sold out | 2,000,000 | $2.0Mbefore exit |
| LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) | NOTE 1.750% 1/1 · principal | Add +15.4% | 1,500,000 | $1.3M |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | Sold out | 1,000,000 | $979Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 235 | $2.4B | AAPL, NVDA, MSFT, GOOGL, AVGO |
| Q1 2026 | 242 | $2.3B | AAPL, NVDA, MSFT, GOOGL, AMZN |
| Q4 2025 | 218 | $1.3B | MSFT, AMZN, NVDA, AAPL, GOOGL |
| Q3 2025 | 233 | $1.2B | MSFT, NVDA, AMZN, AAPL, GOOGL |
| Q2 2025 | 232 | $1.1B | MSFT, NVDA, AMZN, V, BRK.B |
| Q1 2025 | 233 | $1.1B | MSFT, AMZN, V, NVDA, BRK.B |
| Q4 2024 | 243 | $1.1B | MSFT, AMZN, NVDA, AAPL, V |
| Q3 2024 | 213 | $962.8M | MSFT, AMZN, NVDA, AAPL, V |
| Q2 2024 | 196 | $801.2M | MSFT, AMZN, GOOGL, BRK.B, V |
| Q1 2024 | 127 | $239.0M | MSFT, GOOGL, BRK.B, LLY, AMZN |