LGT Fund Management Co Ltd.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), LGT Fund Management Co Ltd. reported 233 stock positions worth $1.2 billion. Its top holding was Microsoft (MSFT) at 6.2% of the portfolio, followed by Nvidia (NVDA, 5.5%) and Amazon.com (AMZN, 4.7%). Compared with Q2 2025, it opened 16 new positions, sold out of 15, added to 84 and reduced 61. The biggest buy was Apple (AAPL, shares +25%) and the biggest sale American Tower (AMT, shares −82%).

Most Recent 13F
Q2 2026
Location
VADUZ, N2
CIK
0001911284
Portfolio Value
$1.2B (Q3 2025)
SEC Filing
0001911284-25-000010 ↗ filed Nov 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 Q1 2025 Q2 2025: $1.1B Q2 2025 Q3 2025: $1.2B $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 · $1.2B
MSFT Microsoft Corp. 6.23% 148,114 $77.0M Add +1.8%
NVDA Nvidia Corp. 5.47% 360,843 $67.6M Add +0.0%
AMZN Amazon.com Inc. 4.72% 264,374 $58.3M Add +4.9%
AAPL Apple Inc. 4.08% 197,377 $50.4M Add +24.9%
GOOGL Alphabet Inc. Class A 3.24% 163,574 $40.1M Reduce -0.1%
BRK.B Berkshire Hathaway Inc. Class B 3.17% 78,538 $39.1M Reduce -0.1%
V Visa Inc. Class A 3.16% 112,112 $39.0M Add +4.1%
META Meta Platforms Inc. Class A 2.80% 48,312 $34.7M Add +26.9%
GOOG Alphabet Inc. Class C 2.16% 108,616 $26.7M No change
CRM Salesforce Inc. 1.91% 99,947 $23.6M Add +35.1%
KO The Coca-Cola Co. 1.83% 339,533 $22.7M Reduce -3.5%
LLY Eli Lilly & Co. 1.83% 27,431 $22.6M Reduce -19.6%
BLK BlackRock Inc. 1.74% 18,792 $21.4M No change
AVGO Broadcom Inc. 1.53% 56,749 $18.9M Reduce -4.2%
SPGI S&P Global Inc. 1.52% 38,942 $18.8M Add +3.7%
ABT Abbott Laboratories 1.44% 133,399 $17.8M Add +0.3%
JPM JPMorgan Chase & Co. 1.38% 54,743 $17.0M Add +0.1%
TSM Taiwan Semiconductor-SP ADR 1.17% 50,125 $14.5M Reduce -7.2%
UBER Uber Technologies Inc. 1.14% 145,806 $14.1M Add +31.3%
BKNG Booking Holdings Inc. 1.10% 2,536 $13.6M Add +34.1%
PANW Palo Alto Networks Inc. 1.10% 65,467 $13.5M Add +226.6%
BN Brookfield Corp. 0.98% 178,635 $12.1M No change
MA Mastercard Inc. Class A 0.98% 21,063 $12.1M Add +27.2%
HCA HCA Healthcare Inc. 0.95% 27,420 $11.7M No change
UBS UBS Group AG-Reg 0.91% 279,100 $11.3M Add +14.4%
PG The Procter & Gamble Co. 0.86% 69,140 $10.6M Add +0.1%
BRK.A Berkshire Hathaway Inc. Class A 0.78% 13 $9.7M No change
UNH Unitedhealth Group Inc. 0.78% 27,793 $9.7M Add +811.3%
VRSN Verisign Inc. 0.78% 34,949 $9.6M Add +0.1%
AER Aercap Holdings NV 0.75% 75,904 $9.3M No change
CME Cme Group Inc. 0.73% 33,724 $9.0M Add +1.1%
MCO Moody's Corp. 0.72% 18,440 $8.8M Reduce -2.0%
VEEV Veeva Systems Inc. Class A 0.69% 29,035 $8.5M Add +31.8%
CB Chubb Ltd. 0.62% 27,345 $7.7M Reduce -8.1%
DB Deutsche Bank AG-Registered 0.57% 200,000 $7.1M No change
SNX TD Synnex Corp. 0.56% 42,169 $6.9M No change
FTNT Fortinet Inc. 0.55% 80,329 $6.8M Reduce -2.2%
COP Conocophillips 0.54% 69,982 $6.7M Add +16.0%
PM Philip Morris International 0.52% 40,048 $6.4M Add +31.9%
SPOT Spotify Technology SA 0.52% 9,177 $6.4M Reduce -34.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.52% 126,755 $6.4M Add +31.4%
PGR Progressive Corp. 0.51% 25,332 $6.2M Add +8.8%
ICE Intercontinental Exchange Inc. 0.50% 37,874 $6.2M Add +1.7%
ORCL Oracle Corp. 0.49% 20,870 $6.0M Add +35.1%
CP Canadian Pacific Kansas City 0.46% 76,388 $5.7M No change
WM Waste Management Inc. 0.46% 25,984 $5.7M Reduce -2.3%
PEP Pepsico Inc. 0.46% 39,878 $5.7M Reduce -7.9%
XOM Exxon Mobil Corp. 0.44% 48,410 $5.4M Add +30.7%
LRCX Lam Research Corp. 0.44% 37,855 $5.4M Reduce -2.0%
BILI Bilibili Inc.-Sponsored ADR 0.43% 185,700 $5.3M No change
POST Post Holdings Inc. filed as POST HLDGS INC 0.42% 48,269 $5.2M No change
BSX Boston Scientific Corp. 0.42% 54,274 $5.2M Add +3.5%
HD Home Depot Inc. 0.42% 12,923 $5.1M Reduce -26.5%
MRK Merck & Co. Inc. 0.41% 55,751 $5.0M Reduce -31.8%
ELV Elevance Health Inc. 0.41% 15,064 $5.0M Add +32.1%
BBD Banco Bradesco-ADR 0.40% 1,534,819 $5.0M No change
KGC Kinross Gold Corp. 0.40% 194,900 $5.0M No change
ETN Eaton Corp. PLC 0.40% 13,091 $4.9M Reduce -3.4%
WINA Winmark Corp. 0.39% 9,460 $4.9M No change
INTU Intuit Inc. 0.38% 6,907 $4.7M Add +25.6%
XPEV Xpeng Inc. - ADR 0.38% 197,700 $4.7M No change
EFX Equifax Inc. 0.38% 18,290 $4.6M Reduce -0.1%
CLS Celestica Inc. 0.36% 17,850 $4.5M New
ULS Ul Solutions Inc. Class A 0.36% 63,500 $4.5M No change
FAST Fastenal Co. 0.36% 92,472 $4.4M Reduce -1.1%
WFC Wells Fargo & Co. 0.36% 54,561 $4.4M Reduce -2.4%
AZO AutoZone Inc. 0.36% 1,037 $4.4M Add +16.0%
YOU Clear Secure Inc. Class A 0.35% 138,100 $4.4M No change
CSGP Costar Group Inc. 0.35% 52,061 $4.3M Add +125.2%
CAH Cardinal Health Inc. 0.35% 27,100 $4.3M No change
LGIH Lgi Homes Inc. 0.35% 81,081 $4.3M No change
T AT&T Inc. 0.34% 153,400 $4.2M Reduce -6.2%
CAT Caterpillar Inc. 0.34% 8,778 $4.2M Add +24.1%
SSRM SSR Mining Inc. 0.33% 170,000 $4.1M New
ROP Roper Technologies Inc. 0.32% 7,992 $4.0M Add +55.3%
SFM Sprouts Farmers Market Inc. 0.32% 37,000 $4.0M Add +59.5%
EOG EOG Resources Inc. 0.32% 35,529 $4.0M Add +649.4%
AMAT Applied Materials Inc. 0.32% 18,074 $3.9M Add +27.1%
COR Cencora Inc. 0.31% 12,323 $3.8M No change
MCK McKesson Corp. 0.31% 4,933 $3.8M No change
MO Altria Group Inc. 0.30% 56,200 $3.7M No change
ANET Arista Networks Inc. 0.30% 24,516 $3.7M Add +0.9%
LRN Stride Inc. 0.30% 25,250 $3.6M No change
RBLX Roblox Corp. Class A 0.29% 26,400 $3.5M Reduce -44.0%
CALM Cal-Maine Foods Inc. 0.28% 37,500 $3.5M No change
FCX Freeport-McMoran Inc. 0.28% 88,810 $3.5M Reduce -1.2%
WMT Walmart Inc. 0.28% 33,703 $3.4M Add +2.5%
STLA Stellantis NV 0.28% 355,041 $3.4M No change
RBRK Rubrik Inc. Class A 0.28% 41,500 $3.4M New
PLD Prologis Inc. 0.28% 29,205 $3.4M Add +17.5%
AZN Astrazeneca PLC-Spons ADR 0.27% 39,958 $3.4M No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.27% 31,500 $3.4M No change
MDLZ Mondelez International Inc. Class A 0.27% 53,159 $3.4M Add +53.7%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.27% 10,945 $3.3M Add +19.7%
C Citigroup Inc. 0.26% 33,088 $3.3M Reduce -2.8%
CDNS Cadence Design SYS Inc. 0.26% 9,165 $3.2M Add +29.8%
DUOL Duolingo 0.26% 10,500 $3.2M New
NYT New York Times Co. Class A 0.26% 56,868 $3.2M Reduce -43.2%
NEE Nextera Energy Inc. 0.25% 39,364 $3.1M Reduce -5.0%
NFLX Netflix Inc. 0.25% 2,627 $3.1M Add +64.7%

Show all 233 holdings

Portfolio Sells Q2 2025 → Q3 2025
AMT American Tower Corp. Reduce -81.6% 0.22% −1.27
PYPL PayPal Holdings Inc. Reduce -80.5% 0.20% −1.04
LLY Eli Lilly & Co. Reduce -19.6% 1.83% −0.50
SPOT Spotify Technology SA Reduce -34.9% 0.52% −0.43
EXEL Exelixis Inc. Sold out 0.00% −0.37
KO The Coca-Cola Co. Reduce -3.5% 1.83% −0.35
VERX Vertex Inc. Class A Sold out 0.00% −0.31
INCY Incyte Corp. Sold out 0.00% −0.31
TMUS T-Mobile US Inc. Reduce -53.6% 0.22% −0.31
FSLR First Solar Inc. Reduce -92.6% 0.03% −0.29
GILD Gilead Sciences Inc. Sold out 0.00% −0.27
CL Colgate-Palmolive Co. Reduce -91.6% 0.02% −0.27
RYAN Ryan Specialty Holdings Inc. Sold out 0.00% −0.25
CPRT Copart Inc. Sold out 0.00% −0.25
CYBR Cyberark Software Ltd./Israel Sold out 0.00% −0.25
NYT New York Times Co. Class A Reduce -43.2% 0.26% −0.23
BMY Bristol-Myers Squibb Co. Reduce -87.6% 0.03% −0.23
FTNT Fortinet Inc. Reduce -2.2% 0.55% −0.21
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.1% 3.17% −0.18
MRK Merck & Co. Inc. Reduce -31.8% 0.41% −0.16
HALO Halozyme Therapeutics Inc. Sold out 0.00% −0.15
HD Home Depot Inc. Reduce -26.5% 0.42% −0.15
RBLX Roblox Corp. Class A Reduce -44.0% 0.29% −0.15
COMP Compass Inc. Class A Sold out 0.00% −0.14
MSCI MSCI Inc. Reduce -69.8% 0.05% −0.14
CB Chubb Ltd. Reduce -8.1% 0.62% −0.13
ARES Ares Management Corp. Class A Sold out 0.00% −0.11
MCO Moody's Corp. Reduce -2.0% 0.72% −0.11
WSO Watsco Inc. Sold out 0.00% −0.07
T AT&T Inc. Reduce -6.2% 0.34% −0.07
WM Waste Management Inc. Reduce -2.3% 0.46% −0.07
CMG Chipotle Mexican Grill Inc. Reduce -34.2% 0.05% −0.07
UNP Union Pacific Corp. Sold out 0.00% −0.07
FCX Freeport-McMoran Inc. Reduce -1.2% 0.28% −0.06
ADBE Adobe Inc. Reduce -4.4% 0.18% −0.05
EFX Equifax Inc. Reduce -0.1% 0.38% −0.04
PEP Pepsico Inc. Reduce -7.9% 0.46% −0.04
TMO Thermo Fisher Scientific Inc. Reduce -28.8% 0.23% −0.04
WFC Wells Fargo & Co. Reduce -2.4% 0.36% −0.04
ETN Eaton Corp. PLC Reduce -3.4% 0.40% −0.03
BABA Alibaba Group Holding-SP ADR Reduce -61.4% 0.03% −0.02
BURL Burlington Stores Inc. Sold out 0.00% −0.02
TTWO Take-Two Interactive Softwre Reduce -43.7% 0.03% −0.02
TEAM Atlassian Corp. Class A Sold out 0.00% −0.02
AWK American Water Works Co. Inc. Reduce -2.1% 0.16% −0.02
SHW The Sherwin-Williams Co. Reduce -0.0% 0.23% −0.02
FIS Fidelity National Info Serv Reduce -14.5% 0.03% −0.02
TT Trane Technologies PLC Reduce -5.9% 0.08% −0.01
DHI D.R. Horton Inc. Reduce -43.0% 0.03% −0.01
AMCR Amcor PLC Sold out 0.00% −0.01

Portfolio Buys Q2 2025 → Q3 2025
AAPL Apple Inc. Add +24.9% 4.08% +1.24
PANW Palo Alto Networks Inc. Add +226.6% 1.10% +0.74
UNH Unitedhealth Group Inc. Add +811.3% 0.78% +0.70
NVDA Nvidia Corp. Add +0.0% 5.47% +0.47
CLS Celestica Inc. New 0.36% +0.36
META Meta Platforms Inc. Class A Add +26.9% 2.80% +0.34
SSRM SSR Mining Inc. New 0.33% +0.33
RBRK Rubrik Inc. Class A New 0.28% +0.28
EOG EOG Resources Inc. Add +649.4% 0.32% +0.27
DUOL Duolingo New 0.26% +0.26
UBER Uber Technologies Inc. Add +31.3% 1.14% +0.23
ORCL Oracle Corp. Add +35.1% 0.49% +0.19
UBS UBS Group AG-Reg Add +14.4% 0.91% +0.19
CSGP Costar Group Inc. Add +125.2% 0.35% +0.19
INTC Intel Corp. New 0.19% +0.19
GE General Electric New 0.18% +0.18
IBM Intl Business Machines Corp. Add +684.3% 0.19% +0.17
NEM Newmont Corp. New 0.16% +0.16
MA Mastercard Inc. Class A Add +27.2% 0.98% +0.16
CRM Salesforce Inc. Add +35.1% 1.91% +0.14
BKNG Booking Holdings Inc. Add +34.1% 1.10% +0.14
AEM Agnico Eagle Mines Ltd. Add +146.5% 0.19% +0.13
VEEV Veeva Systems Inc. Class A Add +31.8% 0.69% +0.13
BAC Bank of America Corp. Add +31.4% 0.52% +0.12
CAT Caterpillar Inc. Add +24.1% 0.34% +0.10
AMAT Applied Materials Inc. Add +27.1% 0.32% +0.09
XOM Exxon Mobil Corp. Add +30.7% 0.44% +0.09
JNJ Johnson & Johnson Add +46.5% 0.22% +0.09
SCHW Schwab (charles) Corp. Add +68.7% 0.23% +0.08
ANET Arista Networks Inc. Add +0.9% 0.30% +0.08
CDNS Cadence Design SYS Inc. Add +29.8% 0.26% +0.07
MDLZ Mondelez International Inc. Class A Add +53.7% 0.27% +0.07
ROP Roper Technologies Inc. Add +55.3% 0.32% +0.07
COP Conocophillips Add +16.0% 0.54% +0.07
AZO AutoZone Inc. Add +16.0% 0.36% +0.07
CRH CRH PLC New 0.06% +0.06
NFLX Netflix Inc. Add +64.7% 0.25% +0.06
ABBV Abbvie Inc. Add +11.4% 0.23% +0.06
SYK Stryker Corp. Add +55.8% 0.23% +0.06
MKL Markel Group Inc. Add +93.2% 0.12% +0.05
PLD Prologis Inc. Add +17.5% 0.28% +0.05
EMR Emerson Electric Co. Add +32.8% 0.25% +0.04
ARIS Aris Mining Corp. New 0.04% +0.04
ED Consolidated Edison Inc. New 0.04% +0.04
PM Philip Morris International Add +31.9% 0.52% +0.04
INFY Infosys Ltd.-SP ADR Add +89.8% 0.10% +0.04
RACE Ferrari NV Add +26.9% 0.24% +0.03
HEI Heico Corp. New 0.03% +0.03
CTAS Cintas Corp. New 0.03% +0.03
LOGI Logitech International-Reg Add +49.4% 0.07% +0.03

Notes & Other Activity Q2 2025 → Q3 2025
LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) NOTE 1.750% 1/1 · principal Sold out 1,500,000 $1.3Mbefore exit
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A Sold out 9,500 $305Kbefore 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