Lombard Odier Asset Management (Switzerland) SA
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Lombard Odier Asset Management (Switzerland) SA reported 265 stock positions worth $2.4 billion. Its top holding was Nvidia (NVDA) at 8.3% of the portfolio, followed by Apple (AAPL, 7.5%) and Microsoft (MSFT, 6.5%). Compared with Q3 2025, it opened 56 new positions, sold out of 60, added to 107 and reduced 97. The biggest buy was Microsoft (MSFT, shares +168%) and the biggest sale Intercontinental Exchange (ICE, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- PETIT-LANCY, V8
- CIK
- 0001535660
- Portfolio Value
- $2.4B (Q4 2025)
- SEC Filing
- 0000908834-26-000081 ↗ filed Feb 17, 2026
Holdings Value
Holdings 265 stocks · $2.4B
| NVDA Nvidia Corp. | 8.34% | 1,052,147 | $196.2M | Reduce -1.2% |
| AAPL Apple Inc. | 7.48% | 647,359 | $176.0M | Add +5.5% |
| MSFT Microsoft Corp. | 6.52% | 317,372 | $153.5M | Add +168.0% |
| AMZN Amazon.com Inc. | 4.22% | 430,482 | $99.4M | Add +6.6% |
| GOOGL Alphabet Inc. Class A | 3.33% | 250,132 | $78.3M | New |
| AVGO Broadcom Inc. | 2.97% | 201,609 | $69.8M | Reduce -6.5% |
| GOOG Alphabet Inc. Class C | 2.71% | 203,577 | $63.9M | Reduce -57.0% |
| META Meta Platforms Inc. Class A | 2.49% | 88,601 | $58.5M | Add +1.0% |
| TSLA Tesla Inc. | 2.36% | 123,434 | $55.5M | Reduce -1.1% |
| LLY Eli Lilly & Co. | 1.45% | 31,657 | $34.0M | Add +18.7% |
| JPM JPMorgan Chase & Co. | 1.41% | 103,294 | $33.3M | Reduce -9.6% |
| V Visa Inc. Class A | 1.23% | 82,831 | $29.0M | Add +359.9% |
| JNJ Johnson & Johnson | 1.03% | 116,629 | $24.1M | Reduce -9.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.94% | 44,133 | $22.2M | Reduce -70.4% |
| GS Goldman Sachs Group Inc. | 0.94% | 25,041 | $22.0M | Add +39.5% |
| MA Mastercard Inc. Class A | 0.88% | 36,154 | $20.6M | Reduce -18.6% |
| WMT Walmart Inc. | 0.87% | 183,181 | $20.4M | Add +22.4% |
| NFLX Netflix Inc. | 0.80% | 201,310 | $18.9M | Reduce -12.5% |
| CSCO Cisco Systems Inc. | 0.79% | 242,188 | $18.7M | Add +68.9% |
| PLTR Palantir Technologies Inc. Class A | 0.77% | 102,567 | $18.2M | Add +5.0% |
| AMD Advanced Micro Devices | 0.72% | 79,178 | $17.0M | Reduce -6.1% |
| ABBV Abbvie Inc. | 0.72% | 73,758 | $16.9M | Add +15.7% |
| COST Costco Wholesale Corp. | 0.71% | 19,240 | $16.6M | Add +25.3% |
| MU Micron Technology Inc. | 0.68% | 55,932 | $16.0M | Reduce -38.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.68% | 290,173 | $16.0M | Add +243.7% |
| UNH Unitedhealth Group Inc. | 0.64% | 45,388 | $15.0M | Reduce -75.7% |
| HD Home Depot Inc. | 0.64% | 43,469 | $15.0M | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.62% | 49,608 | $14.7M | Add +36.3% |
| PG The Procter & Gamble Co. | 0.60% | 97,875 | $14.0M | Add +775.8% |
| CRM Salesforce Inc. | 0.59% | 52,750 | $14.0M | Add +46.3% |
| MRK Merck & Co. Inc. | 0.57% | 127,462 | $13.4M | Reduce -10.4% |
| AXP American Express Co. | 0.57% | 35,999 | $13.3M | Add +27.3% |
| MCD McDonald's Corp. | 0.56% | 43,361 | $13.3M | Add +52.4% |
| ORCL Oracle Corp. | 0.56% | 67,661 | $13.2M | Reduce -4.3% |
| ORLY O'reilly Automotive Inc. | 0.53% | 136,065 | $12.4M | Add +341.3% |
| AMGN Amgen Inc. | 0.52% | 37,472 | $12.3M | Add +21.4% |
| MS Morgan Stanley | 0.52% | 68,309 | $12.1M | Add +45.3% |
| AMAT Applied Materials Inc. | 0.51% | 47,080 | $12.1M | Reduce -84.2% |
| WFC Wells Fargo & Co. | 0.51% | 127,814 | $11.9M | Reduce -5.0% |
| LRCX Lam Research Corp. | 0.50% | 68,281 | $11.7M | Add +179.2% |
| SHOP Shopify Inc. Class A | 0.49% | 71,708 | $11.5M | Add +76.3% |
| ABT Abbott Laboratories | 0.48% | 89,496 | $11.2M | Add +35.8% |
| KO The Coca-Cola Co. | 0.46% | 155,504 | $10.9M | Add +124.4% |
| TD Toronto-Dominion Bank | 0.46% | 113,772 | $10.7M | Reduce -16.6% |
| C Citigroup Inc. | 0.45% | 91,392 | $10.7M | Reduce -35.3% |
| FTV Fortive Corp. | 0.45% | 190,569 | $10.5M | New |
| CL Colgate-Palmolive Co. | 0.44% | 131,671 | $10.4M | Add +211.6% |
| COF Capital One Financial Corp. | 0.44% | 42,349 | $10.3M | New |
| RY Royal Bank of Canada | 0.44% | 60,190 | $10.3M | Add +161.2% |
| CLX Clorox Company | 0.43% | 101,000 | $10.2M | New |
| PEP Pepsico Inc. | 0.43% | 70,689 | $10.1M | Add +11.7% |
| NEE Nextera Energy Inc. | 0.43% | 125,672 | $10.1M | Add +0.8% |
| ISRG Intuitive Surgical Inc. | 0.42% | 17,287 | $9.8M | Add +52.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.40% | 83,581 | $9.5M | Add +41.5% |
| LIN Linde Inc. filed as LINDE PLC | 0.40% | 22,097 | $9.4M | Reduce -41.7% |
| INTC Intel Corp. | 0.40% | 254,705 | $9.4M | Reduce -31.6% |
| QCOM Qualcomm Inc. | 0.40% | 54,794 | $9.4M | Reduce -46.5% |
| INTU Intuit Inc. | 0.39% | 13,916 | $9.2M | Reduce -1.5% |
| NEM Newmont Corp. | 0.39% | 90,915 | $9.1M | Add +29.9% |
| WM Waste Management Inc. | 0.38% | 41,070 | $9.0M | Add +58.1% |
| EXC Exelon Corp. | 0.38% | 202,510 | $8.8M | Add +1493.3% |
| TMO Thermo Fisher Scientific Inc. | 0.36% | 14,791 | $8.6M | Add +4.5% |
| DHR Danaher Corp. | 0.36% | 37,313 | $8.5M | Add +31.0% |
| DD Dupont DE Nemours Inc. | 0.36% | 211,230 | $8.5M | Add +1139.1% |
| RSG Republic Services Inc. | 0.34% | 37,653 | $8.0M | Add +44.6% |
| RTX RTX Corp. | 0.33% | 42,743 | $7.8M | Add +4.7% |
| APP AppLovin Corp. Class A | 0.33% | 11,570 | $7.8M | Add +12.8% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.33% | 105,681 | $7.8M | Reduce -12.7% |
| HPQ HP Inc. | 0.32% | 338,904 | $7.6M | Add +148.9% |
| TXN Texas Instruments Inc. | 0.32% | 43,410 | $7.5M | Add +56.1% |
| ADBE Adobe Inc. | 0.32% | 21,366 | $7.5M | Reduce -7.5% |
| SPGI S&P Global Inc. | 0.31% | 13,986 | $7.3M | Add +12.9% |
| APH Amphenol Corp. Class A | 0.30% | 51,717 | $7.0M | Add +20.8% |
| HON Honeywell International Inc. | 0.30% | 35,818 | $7.0M | Reduce -87.1% |
| GEV GE Vernova Inc. | 0.29% | 10,587 | $6.9M | New |
| PANW Palo Alto Networks Inc. | 0.29% | 37,559 | $6.9M | Reduce -31.6% |
| SA Seabridge Gold Inc. | 0.29% | 24,410 | $6.7M | New |
| GILD Gilead Sciences Inc. | 0.28% | 53,644 | $6.6M | Add +0.2% |
| NOW ServiceNow Inc. | 0.28% | 42,410 | $6.5M | New |
| MET Metlife Inc. | 0.27% | 81,086 | $6.4M | Add +126.6% |
| AIG American International Group | 0.27% | 73,416 | $6.3M | Add +51.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.27% | 40,883 | $6.3M | Reduce -11.8% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.27% | 48,196 | $6.3M | Add +350.6% |
| CBRE CBRE Group Inc. Class A | 0.26% | 38,649 | $6.2M | Add +84.0% |
| NKE Nike Inc. Class B | 0.26% | 97,203 | $6.2M | Add +210.3% |
| SHW The Sherwin-Williams Co. | 0.26% | 18,767 | $6.1M | New |
| ADI Analog Devices Inc. | 0.26% | 22,411 | $6.1M | Reduce -76.8% |
| ACN Accenture PLC Class A | 0.26% | 22,511 | $6.0M | Reduce -58.3% |
| LOW Lowe's Cos Inc. | 0.26% | 25,034 | $6.0M | Reduce -11.9% |
| COR Cencora Inc. | 0.25% | 17,575 | $5.9M | New |
| WDC Western Digital Corp. | 0.25% | 34,129 | $5.9M | Reduce -17.7% |
| PNC PNC Financial Services Group | 0.24% | 27,016 | $5.6M | Add +110.8% |
| XOM Exxon Mobil Corp. | 0.24% | 46,769 | $5.6M | Reduce -35.4% |
| PGR Progressive Corp. | 0.23% | 24,056 | $5.5M | Reduce -10.1% |
| UNP Union Pacific Corp. | 0.23% | 23,502 | $5.4M | Reduce -4.1% |
| T AT&T Inc. | 0.23% | 216,769 | $5.4M | Add +1318.8% |
| VRTX Vertex Pharmaceuticals Inc. | 0.23% | 11,692 | $5.3M | New |
| UBER Uber Technologies Inc. | 0.22% | 62,668 | $5.1M | New |
| BSX Boston Scientific Corp. | 0.22% | 53,664 | $5.1M | Reduce -42.6% |
| ANET Arista Networks Inc. | 0.22% | 38,897 | $5.1M | Add +7.5% |
Portfolio Sells Q3 2025 → Q4 2025
| ICE Intercontinental Exchange Inc. | Reduce -95.9% | 0.09% | −7.09 |
| GOOG Alphabet Inc. Class C | Reduce -57.0% | 2.71% | −2.54 |
| SYF Synchrony Financial | Sold out | 0.00% | −1.46 |
| ALL Allstate Corp. | Sold out | 0.00% | −0.90 |
| NVDA Nvidia Corp. | Reduce -1.2% | 8.34% | −0.71 |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | Sold out | 0.00% | −0.69 |
| HWM Howmet Aerospace Inc. | Reduce -84.1% | 0.12% | −0.64 |
| GE General Electric | Sold out | 0.00% | −0.47 |
| CRH CRH PLC | Reduce -54.7% | 0.15% | −0.45 |
| CHD Church & Dwight Co. Inc. | Sold out | 0.00% | −0.44 |
| LIN Linde Inc. | Reduce -41.7% | 0.40% | −0.42 |
| DE Deere & Co. | Sold out | 0.00% | −0.38 |
| QCOM Qualcomm Inc. | Reduce -46.5% | 0.40% | −0.38 |
| MDLZ Mondelez International Inc. Class A | Reduce -66.5% | 0.13% | −0.36 |
| AEM Agnico Eagle Mines Ltd. | Reduce -80.0% | 0.08% | −0.36 |
| HON Honeywell International Inc. | Reduce -87.1% | 0.30% | −0.36 |
| ACN Accenture PLC Class A | Reduce -58.3% | 0.26% | −0.35 |
| ORCL Oracle Corp. | Reduce -4.3% | 0.56% | −0.34 |
| ETR Entergy Corp. | Reduce -55.5% | 0.21% | −0.31 |
| SLF Sun Life Financial Inc. | Reduce -77.8% | 0.08% | −0.29 |
| CI The Cigna Group | Sold out | 0.00% | −0.29 |
| CCL Carnival Corp. | Sold out | 0.00% | −0.28 |
| AVGO Broadcom Inc. | Reduce -6.5% | 2.97% | −0.28 |
| MA Mastercard Inc. Class A | Reduce -18.6% | 0.88% | −0.27 |
| NDAQ Nasdaq Inc. | Reduce -80.6% | 0.07% | −0.27 |
| CCEP Coca-Cola Europacific Partne | Reduce -84.5% | 0.04% | −0.25 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.24 |
| CNH CNH Industrial NV | Reduce -29.5% | 0.02% | −0.24 |
| TTWO Take-Two Interactive Softwre | Sold out | 0.00% | −0.24 |
| CVS CVS Health Corp. | Reduce -55.6% | 0.18% | −0.23 |
| JPM JPMorgan Chase & Co. | Reduce -9.6% | 1.41% | −0.23 |
| PANW Palo Alto Networks Inc. | Reduce -31.6% | 0.29% | −0.22 |
| VZ Verizon Communications Inc. | Reduce -42.4% | 0.20% | −0.20 |
| XOM Exxon Mobil Corp. | Reduce -35.4% | 0.24% | −0.20 |
| C Citigroup Inc. | Reduce -35.3% | 0.45% | −0.20 |
| BSX Boston Scientific Corp. | Reduce -42.6% | 0.22% | −0.20 |
| HPE Hewlett Packard Enterprise | Reduce -52.6% | 0.15% | −0.19 |
| L Loews Corp. | Reduce -88.7% | 0.15% | −0.19 |
| RKLB Rocket Lab Corp. | Reduce -63.3% | 0.05% | −0.18 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −0.18 |
| UAL United Airlines Holdings Inc. | Sold out | 0.00% | −0.18 |
| WPM Wheaton Precious Metals Corp. | Sold out | 0.00% | −0.18 |
| INTC Intel Corp. | Reduce -31.6% | 0.40% | −0.17 |
| TSLA Tesla Inc. | Reduce -1.1% | 2.36% | −0.17 |
| HSY The Hershey Co. | Sold out | 0.00% | −0.17 |
| ACM Aecom | Sold out | 0.00% | −0.16 |
| HIG Hartford Insurance Group Inc. | Sold out | 0.00% | −0.15 |
| RCL Royal Caribbean Cruises Ltd. | Sold out | 0.00% | −0.15 |
| CTSH Cognizant Tech Solutions-A | Sold out | 0.00% | −0.14 |
| FAST Fastenal Co. | Reduce -66.8% | 0.02% | −0.14 |
Portfolio Buys Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Add +168.0% | 6.52% | +6.17 |
| GOOGL Alphabet Inc. Class A | New | 3.33% | +3.33 |
| V Visa Inc. Class A | Add +359.9% | 1.23% | +1.03 |
| GS Goldman Sachs Group Inc. | Add +39.5% | 0.94% | +0.86 |
| HD Home Depot Inc. | New | 0.64% | +0.64 |
| BAC Bank of America Corp. | Add +243.7% | 0.68% | +0.63 |
| COST Costco Wholesale Corp. | Add +25.3% | 0.71% | +0.56 |
| LLY Eli Lilly & Co. | Add +18.7% | 1.45% | +0.52 |
| PG The Procter & Gamble Co. | Add +775.8% | 0.60% | +0.52 |
| FTV Fortive Corp. | New | 0.45% | +0.45 |
| COF Capital One Financial Corp. | New | 0.44% | +0.44 |
| CLX Clorox Company | New | 0.43% | +0.43 |
| ORLY O'reilly Automotive Inc. | Add +341.3% | 0.53% | +0.38 |
| AAPL Apple Inc. | Add +5.5% | 7.48% | +0.36 |
| EXC Exelon Corp. | Add +1493.3% | 0.38% | +0.35 |
| CSCO Cisco Systems Inc. | Add +68.9% | 0.79% | +0.35 |
| LRCX Lam Research Corp. | Add +179.2% | 0.50% | +0.32 |
| TMO Thermo Fisher Scientific Inc. | Add +4.5% | 0.36% | +0.32 |
| DD Dupont DE Nemours Inc. | Add +1139.1% | 0.36% | +0.30 |
| GEV GE Vernova Inc. | New | 0.29% | +0.29 |
| CL Colgate-Palmolive Co. | Add +211.6% | 0.44% | +0.29 |
| SA Seabridge Gold Inc. | New | 0.29% | +0.29 |
| NOW ServiceNow Inc. | New | 0.28% | +0.28 |
| SHW The Sherwin-Williams Co. | New | 0.26% | +0.26 |
| COR Cencora Inc. | New | 0.25% | +0.25 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.23% | +0.23 |
| UBER Uber Technologies Inc. | New | 0.22% | +0.22 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.21% | +0.21 |
| KHC The Kraft Heinz Co. | New | 0.21% | +0.21 |
| CRM Salesforce Inc. | Add +46.3% | 0.59% | +0.20 |
| STLD Steel Dynamics Inc. | New | 0.20% | +0.20 |
| BMO Bank of Montreal | Add +350.6% | 0.27% | +0.20 |
| T AT&T Inc. | Add +1318.8% | 0.23% | +0.20 |
| EMA Emera Inc. | New | 0.19% | +0.19 |
| PRU Prudential Financial Inc. | New | 0.19% | +0.19 |
| CEG Constellation Energy | New | 0.19% | +0.19 |
| ISRG Intuitive Surgical Inc. | Add +52.4% | 0.42% | +0.18 |
| AMZN Amazon.com Inc. | Add +6.6% | 4.22% | +0.18 |
| BALL Ball Corp. | New | 0.18% | +0.18 |
| MS Morgan Stanley | Add +45.3% | 0.52% | +0.17 |
| NTIOF National Bank of Canada | New | 0.17% | +0.17 |
| MCD McDonald's Corp. | Add +52.4% | 0.56% | +0.17 |
| WMT Walmart Inc. | Add +22.4% | 0.87% | +0.16 |
| ADP Automatic Data Processing | Add +86.6% | 0.21% | +0.16 |
| PFG Principal Financial Group | New | 0.16% | +0.16 |
| IBM Intl Business Machines Corp. | Add +36.3% | 0.62% | +0.16 |
| PCAR Paccar Inc. | New | 0.15% | +0.15 |
| ON On Semiconductor | Add +353.3% | 0.19% | +0.15 |
| HPQ HP Inc. | Add +148.9% | 0.32% | +0.15 |
| SO The Southern Co. | New | 0.15% | +0.15 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 453 | $3.1B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 452 | $2.6B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 265 | $2.4B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 269 | $2.2B | NVDA, ICE, AAPL, GOOG, AMZN |
| Q2 2025 | 276 | $2.0B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 265 | $1.7B | AAPL, MSFT, NVDA, AMZN, META |
| Q4 2024 | 253 | $1.3B | AAPL, NVDA, MSFT, AMZN, META |
| Q3 2024 | 228 | $1.2B | AAPL, NVDA, MSFT, AMZN, META |
| Q2 2024 | 205 | $982.7M | MSFT, NVDA, AAPL, AMZN, META |
| Q1 2024 | 348 | $1.4B | MSFT, AAPL, NVDA, AMZN, META |