Mirabaud Asset Management Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 4, 2026), Mirabaud Asset Management Ltd reported 43 stock positions worth $215.9 million. Its top holding was Microsoft (MSFT) at 8.7% of the portfolio, followed by Amazon.com (AMZN, 6.6%) and JPMorgan Chase (JPM, 5.6%). Compared with Q3 2025, it opened 7 new positions, sold out of 2, added to 20 and reduced 16. The biggest buy was a new position in Unitedhealth (UNH) and the biggest sale Nvidia (NVDA, shares −14%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001680493
- Portfolio Value
- $215.9M (Q4 2025)
- SEC Filing
- 0001680493-26-000004 ↗ filed Feb 4, 2026
Holdings Value
Holdings 43 stocks · $215.9M
| MSFT Microsoft Corp. | 8.67% | 45,496 | $18.7M | Add +28.8% |
| AMZN Amazon.com Inc. | 6.56% | 60,876 | $14.2M | Add +11.9% |
| JPM JPMorgan Chase & Co. | 5.60% | 43,931 | $12.1M | Reduce -1.2% |
| WCN Waste Connections Inc. | 4.98% | 56,620 | $10.8M | Add +28.9% |
| CRH CRH PLC | 4.68% | 98,038 | $10.1M | Add +38.2% |
| NFLX Netflix Inc. | 4.28% | 9,169 | $9.2M | Reduce -87.0% |
| CME Cme Group Inc. | 4.15% | 37,066 | $9.0M | Reduce -8.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 4.10% | 71,053 | $8.9M | Add +20.7% |
| NVDA Nvidia Corp. | 4.10% | 66,595 | $8.8M | Reduce -14.3% |
| GOOGL Alphabet Inc. Class A | 3.60% | 41,986 | $7.8M | Reduce -15.0% |
| NOW ServiceNow Inc. | 3.49% | 7,463 | $7.5M | Reduce -62.5% |
| TRU Transunion | 3.34% | 76,844 | $7.2M | Add +49.3% |
| UNH Unitedhealth Group Inc. | 3.26% | 13,201 | $7.0M | New |
| SPGI S&P Global Inc. | 3.21% | 12,809 | $6.9M | Reduce -13.2% |
| AXP American Express Co. | 3.16% | 22,018 | $6.8M | Reduce -12.0% |
| HD Home Depot Inc. | 3.15% | 16,346 | $6.8M | Add +11.0% |
| MA Mastercard Inc. Class A | 3.14% | 11,996 | $6.8M | Add +13.7% |
| NEE Nextera Energy Inc. | 2.05% | 62,782 | $4.4M | Add +9.4% |
| CSL Carlisle Cos Inc. | 1.90% | 11,464 | $4.1M | Add +12.2% |
| INFY Infosys Ltd.-SP ADR | 1.63% | 160,550 | $3.5M | Add +55.5% |
| MPWR Monolithic Power Systems Inc. | 1.58% | 4,881 | $3.4M | New |
| ACN Accenture PLC Class A | 1.55% | 8,598 | $3.4M | Add +28.7% |
| TSM Taiwan Semiconductor-SP ADR | 1.51% | 15,584 | $3.3M | Reduce -48.6% |
| DLR Digital Realty Trust Inc. | 1.38% | 17,955 | $3.0M | Add +32.4% |
| ABBV Abbvie Inc. | 1.37% | 15,409 | $3.0M | Add +49.9% |
| WMS Advanced Drainage Systems Inc. | 1.33% | 22,670 | $2.9M | New |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 1.30% | 143,806 | $2.8M | New |
| CMI Cummins Inc. | 1.17% | 6,780 | $2.5M | Add +40.6% |
| CLX Clorox Company | 0.98% | 14,253 | $2.1M | Add +158.6% |
| BR Broadridge Financial Solutio | 0.96% | 8,607 | $2.1M | Add +47.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.93% | 7,921 | $2.0M | Reduce -24.5% |
| PG The Procter & Gamble Co. | 0.91% | 11,655 | $2.0M | Add +67.4% |
| AVGO Broadcom Inc. | 0.77% | 7,046 | $1.7M | Reduce -18.4% |
| AMT American Tower Corp. | 0.72% | 8,052 | $1.6M | Add +10.7% |
| WSO Watsco Inc. | 0.70% | 3,197 | $1.5M | Reduce -2.0% |
| UNP Union Pacific Corp. | 0.62% | 5,412 | $1.3M | Reduce -79.7% |
| SCI Service Corp. International | 0.61% | 16,891 | $1.3M | Add +30.2% |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.48% | 172,365 | $1.0M | New |
| FERG Ferguson Enterprises Inc. | 0.48% | 5,696 | $1.0M | Reduce -42.1% |
| MRK Merck & Co. Inc. | 0.47% | 11,768 | $1.0M | Reduce -12.0% |
| IBN Icici Bank Ltd.-Spon ADR | 0.47% | 35,066 | $1.0M | New |
| TU Telus Corp. | 0.41% | 60,344 | $880K | Reduce -7.7% |
| HDB HDFC Bank Ltd.-ADR | 0.25% | 8,766 | $532K | New |
Portfolio Sells Q3 2025 → Q4 2025
| NVDA Nvidia Corp. | Reduce -14.3% | 4.10% | −2.76 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -48.6% | 1.51% | −2.51 |
| UNP Union Pacific Corp. | Reduce -79.7% | 0.62% | −2.43 |
| GOOGL Alphabet Inc. Class A | Reduce -15.0% | 3.60% | −2.24 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −2.22 |
| JPM JPMorgan Chase & Co. | Reduce -1.2% | 5.60% | −1.21 |
| CME Cme Group Inc. | Reduce -8.3% | 4.15% | −1.19 |
| ADI Analog Devices Inc. | Sold out | 0.00% | −1.06 |
| AXP American Express Co. | Reduce -12.0% | 3.16% | −0.99 |
| AVGO Broadcom Inc. | Reduce -18.4% | 0.77% | −0.61 |
| FERG Ferguson Enterprises Inc. | Reduce -42.1% | 0.48% | −0.59 |
| IBM Intl Business Machines Corp. | Reduce -24.5% | 0.93% | −0.49 |
| SPGI S&P Global Inc. | Reduce -13.2% | 3.21% | −0.31 |
| TU Telus Corp. | Reduce -7.7% | 0.41% | −0.09 |
| MRK Merck & Co. Inc. | Reduce -12.0% | 0.47% | −0.04 |
| WSO Watsco Inc. | Reduce -2.0% | 0.70% | +0.07 |
| NFLX Netflix Inc. | Reduce -87.0% | 4.28% | +0.16 |
| NOW ServiceNow Inc. | Reduce -62.5% | 3.49% | +1.67 |
Portfolio Buys Q3 2025 → Q4 2025
| UNH Unitedhealth Group Inc. | New | 3.26% | +3.26 |
| MPWR Monolithic Power Systems Inc. | New | 1.58% | +1.58 |
| WMS Advanced Drainage Systems Inc. | New | 1.33% | +1.33 |
| BEKE Ke Holdings Inc.-ADR | New | 1.30% | +1.30 |
| WCN Waste Connections Inc. | Add +28.9% | 4.98% | +1.27 |
| TRU Transunion | Add +49.3% | 3.34% | +1.22 |
| INFY Infosys Ltd.-SP ADR | Add +55.5% | 1.63% | +0.82 |
| ACN Accenture PLC Class A | Add +28.7% | 1.55% | +0.75 |
| CRH CRH PLC | Add +38.2% | 4.68% | +0.74 |
| AMZN Amazon.com Inc. | Add +11.9% | 6.56% | +0.70 |
| CLX Clorox Company | Add +158.6% | 0.98% | +0.65 |
| ITUB Itau Unibanco H-Spon PRF ADR | New | 0.48% | +0.48 |
| IBN Icici Bank Ltd.-Spon ADR | New | 0.47% | +0.47 |
| PG The Procter & Gamble Co. | Add +67.4% | 0.91% | +0.40 |
| BR Broadridge Financial Solutio | Add +47.1% | 0.96% | +0.29 |
| DLR Digital Realty Trust Inc. | Add +32.4% | 1.38% | +0.26 |
| ABBV Abbvie Inc. | Add +49.9% | 1.37% | +0.26 |
| HD Home Depot Inc. | Add +11.0% | 3.15% | +0.25 |
| HDB HDFC Bank Ltd.-ADR | New | 0.25% | +0.25 |
| CSL Carlisle Cos Inc. | Add +12.2% | 1.90% | +0.25 |
| MA Mastercard Inc. Class A | Add +13.7% | 3.14% | +0.23 |
| CMI Cummins Inc. | Add +40.6% | 1.17% | +0.19 |
| SCI Service Corp. International | Add +30.2% | 0.61% | +0.08 |
| AMT American Tower Corp. | Add +10.7% | 0.72% | +0.04 |
| TJX TJX Companies Inc. | Add +20.7% | 4.10% | +0.01 |
| NEE Nextera Energy Inc. | Add +9.4% | 2.05% | −0.08 |
| MSFT Microsoft Corp. | Add +28.8% | 8.67% | −0.15 |
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 |