Mirabaud Asset Management Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Mirabaud Asset Management Ltd reported 40 stock positions worth $214.7 million. Its top holding was Microsoft (MSFT) at 10.2% of the portfolio, followed by Nvidia (NVDA, 6.0%) and JPMorgan Chase (JPM, 5.9%). Compared with Q1 2025, it opened 2 new positions, sold out of 5, added to 17 and reduced 21. The biggest buy was a new position in Palo Alto Networks (PANW) and the biggest sale an exit from Ke Holdings Inc.-ADR (BEKE).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001680493
- Portfolio Value
- $214.7M (Q2 2025)
- SEC Filing
- 0002033031-25-000008 ↗ filed Aug 7, 2025
Holdings Value
Holdings 40 stocks · $214.7M
| MSFT Microsoft Corp. | 10.24% | 44,337 | $22.0M | Add +2.7% |
| NVDA Nvidia Corp. | 6.04% | 82,247 | $13.0M | Add +11.1% |
| JPM JPMorgan Chase & Co. | 5.94% | 44,453 | $12.8M | Add +1.8% |
| CME Cme Group Inc. | 5.74% | 44,822 | $12.3M | Add +13.1% |
| AMZN Amazon.com Inc. | 5.66% | 54,418 | $12.2M | Reduce -16.9% |
| NFLX Netflix Inc. | 5.14% | 8,340 | $11.0M | Reduce -21.3% |
| NOW ServiceNow Inc. | 4.91% | 10,307 | $10.5M | Add +39.1% |
| WCN Waste Connections Inc. | 4.16% | 48,082 | $8.9M | Add +36.1% |
| GOOGL Alphabet Inc. Class A | 4.11% | 49,419 | $8.8M | Add +16.1% |
| CRH CRH PLC | 4.08% | 95,765 | $8.8M | Add +8.3% |
| AXP American Express Co. | 4.04% | 27,364 | $8.7M | Add +25.2% |
| SPGI S&P Global Inc. | 3.56% | 14,764 | $7.6M | Add +16.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 3.38% | 58,857 | $7.3M | Reduce -16.6% |
| MA Mastercard Inc. Class A | 2.70% | 10,551 | $5.8M | Add +4.5% |
| HD Home Depot Inc. | 2.49% | 14,520 | $5.4M | Reduce -6.9% |
| TSM Taiwan Semiconductor-SP ADR | 2.23% | 20,929 | $4.8M | Reduce -6.8% |
| UNH Unitedhealth Group Inc. | 2.14% | 14,851 | $4.6M | Add +13.3% |
| TRU Transunion | 2.09% | 51,463 | $4.5M | Reduce -20.7% |
| PANW Palo Alto Networks Inc. | 2.06% | 22,078 | $4.4M | New |
| MPWR Monolithic Power Systems Inc. | 1.93% | 5,627 | $4.1M | Add +16.1% |
| NEE Nextera Energy Inc. | 1.89% | 57,376 | $4.1M | Add +16.1% |
| CSL Carlisle Cos Inc. | 1.78% | 10,219 | $3.8M | Reduce -10.2% |
| AVGO Broadcom Inc. | 1.62% | 12,894 | $3.5M | Add +42.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.15% | 8,501 | $2.5M | Reduce -9.8% |
| INFY Infosys Ltd.-SP ADR | 1.06% | 123,332 | $2.3M | Reduce -23.2% |
| CMI Cummins Inc. | 1.05% | 6,906 | $2.2M | Reduce -5.2% |
| ABBV Abbvie Inc. | 0.96% | 11,332 | $2.1M | Reduce -5.6% |
| DLR Digital Realty Trust Inc. | 0.93% | 11,602 | $2.0M | Reduce -35.4% |
| ADI Analog Devices Inc. | 0.83% | 7,538 | $1.8M | New |
| WSO Watsco Inc. | 0.75% | 3,691 | $1.6M | Add +37.2% |
| AMT American Tower Corp. | 0.74% | 7,272 | $1.6M | Reduce -0.9% |
| ACN Accenture PLC Class A | 0.70% | 5,090 | $1.5M | Reduce -47.3% |
| BR Broadridge Financial Solutio | 0.65% | 5,849 | $1.4M | Reduce -5.5% |
| UNP Union Pacific Corp. | 0.55% | 5,111 | $1.2M | Reduce -5.6% |
| FERG Ferguson Enterprises Inc. | 0.55% | 5,380 | $1.2M | Reduce -5.5% |
| PG The Procter & Gamble Co. | 0.52% | 6,963 | $1.1M | Reduce -40.3% |
| SCI Service Corp. International | 0.49% | 12,971 | $1.1M | Reduce -23.2% |
| MRK Merck & Co. Inc. | 0.49% | 13,370 | $1.1M | Add +36.9% |
| TU Telus Corp. | 0.33% | 44,705 | $708K | Reduce -5.6% |
| CLX Clorox Company | 0.31% | 5,511 | $657K | Reduce -61.3% |
Portfolio Sells Q1 2025 → Q2 2025
| BEKE Ke Holdings Inc.-ADR | Sold out | 0.00% | −1.53 |
| WMS Advanced Drainage Systems Inc. | Sold out | 0.00% | −1.27 |
| TJX TJX Companies Inc. | Reduce -16.6% | 3.38% | −0.98 |
| AMZN Amazon.com Inc. | Reduce -16.9% | 5.66% | −0.94 |
| ACN Accenture PLC Class A | Reduce -47.3% | 0.70% | −0.84 |
| CLX Clorox Company | Reduce -61.3% | 0.31% | −0.78 |
| TRU Transunion | Reduce -20.7% | 2.09% | −0.70 |
| IBN Icici Bank Ltd.-Spon ADR | Sold out | 0.00% | −0.58 |
| ITUB Itau Unibanco H-Spon PRF ADR | Sold out | 0.00% | −0.52 |
| PG The Procter & Gamble Co. | Reduce -40.3% | 0.52% | −0.51 |
| INFY Infosys Ltd.-SP ADR | Reduce -23.2% | 1.06% | −0.46 |
| HD Home Depot Inc. | Reduce -6.9% | 2.49% | −0.43 |
| DLR Digital Realty Trust Inc. | Reduce -35.4% | 0.93% | −0.41 |
| ABBV Abbvie Inc. | Reduce -5.6% | 0.96% | −0.33 |
| HDB HDFC Bank Ltd.-ADR | Sold out | 0.00% | −0.30 |
| CSL Carlisle Cos Inc. | Reduce -10.2% | 1.78% | −0.26 |
| SCI Service Corp. International | Reduce -23.2% | 0.49% | −0.21 |
| CMI Cummins Inc. | Reduce -5.2% | 1.05% | −0.15 |
| BR Broadridge Financial Solutio | Reduce -5.5% | 0.65% | −0.12 |
| UNP Union Pacific Corp. | Reduce -5.6% | 0.55% | −0.11 |
| AMT American Tower Corp. | Reduce -0.9% | 0.74% | −0.09 |
| IBM Intl Business Machines Corp. | Reduce -9.8% | 1.15% | −0.06 |
| NFLX Netflix Inc. | Reduce -21.3% | 5.14% | −0.03 |
| TU Telus Corp. | Reduce -5.6% | 0.33% | −0.02 |
| FERG Ferguson Enterprises Inc. | Reduce -5.5% | 0.55% | +0.07 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -6.8% | 2.23% | +0.29 |
Portfolio Buys Q1 2025 → Q2 2025
| PANW Palo Alto Networks Inc. | New | 2.06% | +2.06 |
| NOW ServiceNow Inc. | Add +39.1% | 4.91% | +1.82 |
| NVDA Nvidia Corp. | Add +11.1% | 6.04% | +1.79 |
| MSFT Microsoft Corp. | Add +2.7% | 10.24% | +1.69 |
| AXP American Express Co. | Add +25.2% | 4.04% | +1.01 |
| ADI Analog Devices Inc. | New | 0.83% | +0.83 |
| AVGO Broadcom Inc. | Add +42.5% | 1.62% | +0.82 |
| GOOGL Alphabet Inc. Class A | Add +16.1% | 4.11% | +0.67 |
| WCN Waste Connections Inc. | Add +36.1% | 4.16% | +0.60 |
| MPWR Monolithic Power Systems Inc. | Add +16.1% | 1.93% | +0.46 |
| JPM JPMorgan Chase & Co. | Add +1.8% | 5.94% | +0.40 |
| CME Cme Group Inc. | Add +13.1% | 5.74% | +0.30 |
| SPGI S&P Global Inc. | Add +16.1% | 3.56% | +0.22 |
| NEE Nextera Energy Inc. | Add +16.1% | 1.89% | +0.07 |
| WSO Watsco Inc. | Add +37.2% | 0.75% | +0.04 |
| MRK Merck & Co. Inc. | Add +36.9% | 0.49% | +0.04 |
| CRH CRH PLC | Add +8.3% | 4.08% | +0.00 |
| MA Mastercard Inc. Class A | Add +4.5% | 2.70% | −0.15 |
| UNH Unitedhealth Group Inc. | Add +13.3% | 2.14% | −1.40 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 49 | $120.2M | NVDA, GOOGL, AAPL, TSM, MSFT |
| Q1 2026 | 32 | $121.4M | TSM, NVDA, CME, JPM, MSFT |
| Q4 2025 | 43 | $215.9M | MSFT, AMZN, JPM, WCN, CRH |
| Q3 2025 | 38 | $206.2M | MSFT, NVDA, JPM, AMZN, GOOGL |
| Q2 2025 | 40 | $214.7M | MSFT, NVDA, JPM, CME, AMZN |
| Q1 2025 | 43 | $191.2M | MSFT, AMZN, JPM, CME, NFLX |
| Q4 2024 | 43 | $215.0M | MSFT, AMZN, TSM, NVDA, JPM |
| Q3 2024 | 46 | $242.4M | TSM, MSFT, AMZN, NVDA, WCN |
| Q2 2024 | 45 | $217.2M | MSFT, AMZN, NVDA, GOOGL, TJX |
| Q1 2024 | 49 | $247.5M | MSFT, NVDA, TJX, DIS, AMZN |