Mirabaud Asset Management Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Mirabaud Asset Management Ltd reported 38 stock positions worth $206.2 million. Its top holding was Microsoft (MSFT) at 8.8% of the portfolio, followed by Nvidia (NVDA, 6.9%) and JPMorgan Chase (JPM, 6.8%). Compared with Q2 2025, it sold out of 2, added to 10 and reduced 13. The biggest buy was Union Pacific (UNP, shares +421%) and the biggest sale ServiceNow (NOW, shares −61%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001680493
- Portfolio Value
- $206.2M (Q3 2025)
- SEC Filing
- 0001680493-25-000011 ↗ filed Nov 13, 2025
Holdings Value
Holdings 38 stocks · $206.2M
| MSFT Microsoft Corp. | 8.81% | 35,328 | $18.2M | Reduce -20.3% |
| NVDA Nvidia Corp. | 6.85% | 77,731 | $14.1M | Reduce -5.5% |
| JPM JPMorgan Chase & Co. | 6.80% | 44,453 | $14.0M | No change |
| AMZN Amazon.com Inc. | 5.86% | 54,418 | $12.1M | No change |
| GOOGL Alphabet Inc. Class A | 5.85% | 49,419 | $12.1M | No change |
| CME Cme Group Inc. | 5.34% | 40,418 | $11.0M | Reduce -9.8% |
| AXP American Express Co. | 4.15% | 25,014 | $8.6M | Reduce -8.6% |
| NFLX Netflix Inc. | 4.12% | 7,049 | $8.5M | Reduce -15.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 4.10% | 58,857 | $8.4M | No change |
| TSM Taiwan Semiconductor-SP ADR | 4.02% | 30,318 | $8.3M | Add +44.9% |
| CRH CRH PLC | 3.94% | 70,920 | $8.1M | Reduce -25.9% |
| WCN Waste Connections Inc. | 3.71% | 43,940 | $7.7M | Reduce -8.6% |
| SPGI S&P Global Inc. | 3.52% | 14,764 | $7.3M | No change |
| UNP Union Pacific Corp. | 3.05% | 26,640 | $6.3M | Add +421.2% |
| MA Mastercard Inc. Class A | 2.91% | 10,551 | $6.0M | No change |
| HD Home Depot Inc. | 2.90% | 14,721 | $6.0M | Add +1.4% |
| PANW Palo Alto Networks Inc. | 2.22% | 22,464 | $4.6M | Add +1.8% |
| TRU Transunion | 2.13% | 51,463 | $4.4M | No change |
| NEE Nextera Energy Inc. | 2.12% | 57,376 | $4.4M | No change |
| NOW ServiceNow Inc. | 1.81% | 3,978 | $3.7M | Reduce -61.4% |
| CSL Carlisle Cos Inc. | 1.66% | 10,219 | $3.4M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.42% | 10,488 | $2.9M | Add +23.4% |
| AVGO Broadcom Inc. | 1.37% | 8,633 | $2.8M | Reduce -33.0% |
| DLR Digital Realty Trust Inc. | 1.12% | 13,566 | $2.3M | Add +16.9% |
| ABBV Abbvie Inc. | 1.11% | 10,278 | $2.3M | Reduce -9.3% |
| FERG Ferguson Enterprises Inc. | 1.07% | 9,836 | $2.2M | Add +82.8% |
| ADI Analog Devices Inc. | 1.06% | 8,890 | $2.2M | Add +17.9% |
| CMI Cummins Inc. | 0.98% | 4,822 | $2.0M | Reduce -30.2% |
| INFY Infosys Ltd.-SP ADR | 0.82% | 103,245 | $1.7M | Reduce -16.3% |
| ACN Accenture PLC Class A | 0.80% | 6,679 | $1.6M | Add +31.2% |
| AMT American Tower Corp. | 0.69% | 7,272 | $1.4M | No change |
| BR Broadridge Financial Solutio | 0.67% | 5,849 | $1.4M | No change |
| WSO Watsco Inc. | 0.63% | 3,264 | $1.3M | Reduce -11.6% |
| SCI Service Corp. International | 0.52% | 12,971 | $1.1M | No change |
| PG The Procter & Gamble Co. | 0.52% | 6,963 | $1.1M | No change |
| MRK Merck & Co. Inc. | 0.51% | 13,370 | $1.1M | No change |
| TU Telus Corp. | 0.50% | 65,355 | $1.0M | Add +46.2% |
| CLX Clorox Company | 0.33% | 5,511 | $678K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| NOW ServiceNow Inc. | Reduce -61.4% | 1.81% | −3.09 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −2.14 |
| MPWR Monolithic Power Systems Inc. | Sold out | 0.00% | −1.93 |
| MSFT Microsoft Corp. | Reduce -20.3% | 8.81% | −1.43 |
| NFLX Netflix Inc. | Reduce -15.5% | 4.12% | −1.02 |
| WCN Waste Connections Inc. | Reduce -8.6% | 3.71% | −0.45 |
| CME Cme Group Inc. | Reduce -9.8% | 5.34% | −0.40 |
| INFY Infosys Ltd.-SP ADR | Reduce -16.3% | 0.82% | −0.25 |
| AVGO Broadcom Inc. | Reduce -33.0% | 1.37% | −0.24 |
| CRH CRH PLC | Reduce -25.9% | 3.94% | −0.14 |
| WSO Watsco Inc. | Reduce -11.6% | 0.63% | −0.12 |
| CMI Cummins Inc. | Reduce -30.2% | 0.98% | −0.07 |
| AXP American Express Co. | Reduce -8.6% | 4.15% | +0.11 |
| ABBV Abbvie Inc. | Reduce -9.3% | 1.11% | +0.15 |
| NVDA Nvidia Corp. | Reduce -5.5% | 6.85% | +0.81 |
Portfolio Buys Q2 2025 → Q3 2025
| UNP Union Pacific Corp. | Add +421.2% | 3.05% | +2.50 |
| TSM Taiwan Semiconductor-SP ADR | Add +44.9% | 4.02% | +1.79 |
| FERG Ferguson Enterprises Inc. | Add +82.8% | 1.07% | +0.53 |
| HD Home Depot Inc. | Add +1.4% | 2.90% | +0.41 |
| IBM Intl Business Machines Corp. | Add +23.4% | 1.42% | +0.28 |
| ADI Analog Devices Inc. | Add +17.9% | 1.06% | +0.22 |
| DLR Digital Realty Trust Inc. | Add +16.9% | 1.12% | +0.19 |
| TU Telus Corp. | Add +46.2% | 0.50% | +0.17 |
| PANW Palo Alto Networks Inc. | Add +1.8% | 2.22% | +0.16 |
| ACN Accenture PLC Class A | Add +31.2% | 0.80% | +0.10 |
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 |