Pictet Asset Management Holding SA
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Pictet Asset Management Holding SA reported 2,040 stock positions worth $92.7 billion. Its top holding was Nvidia (NVDA) at 3.3% of the portfolio, followed by Microsoft (MSFT, 2.9%) and Apple (AAPL, 2.2%). Compared with Q3 2024, it opened 87 new positions, sold out of 66, added to 1,065 and reduced 491. The biggest buy was Nvidia (NVDA, shares +4%) and the biggest sale Xylem (XYL, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- CAROUGE, V8
- CIK
- 0001993888
- Portfolio Value
- $92.7B (Q4 2024)
- SEC Filing
- 0001993888-25-000001 ↗ filed Feb 12, 2025
Holdings Value
Holdings 2,040 stocks · $92.7B
| NVDA Nvidia Corp. | 3.28% | 22,636,631 | $3.0B | Add +4.5% |
| MSFT Microsoft Corp. | 2.85% | 6,271,140 | $2.6B | Add +17.5% |
| AAPL Apple Inc. | 2.24% | 8,279,802 | $2.1B | Reduce -1.8% |
| GOOGL Alphabet Inc. Class A | 2.06% | 10,092,232 | $1.9B | Add +3.6% |
| AMZN Amazon.com Inc. | 1.85% | 7,813,978 | $1.7B | Add +1.2% |
| TMO Thermo Fisher Scientific Inc. | 1.51% | 2,685,896 | $1.4B | Add +7.9% |
| RSG Republic Services Inc. | 1.36% | 6,262,325 | $1.3B | Add +3.6% |
| CRM Salesforce Inc. | 1.30% | 3,605,625 | $1.2B | Reduce -3.1% |
| AVGO Broadcom Inc. | 1.29% | 5,161,744 | $1.2B | Add +1.7% |
| META Meta Platforms Inc. Class A | 1.24% | 1,964,656 | $1.2B | Reduce -0.8% |
| UBS UBS Group AG-Reg | 1.16% | 34,979,795 | $1.1B | Add +18.9% |
| EQIX Equinix Inc. | 1.10% | 1,085,677 | $1.0B | Reduce -1.5% |
| ECL Ecolab Inc. | 1.01% | 3,995,817 | $936.3M | Add +8.3% |
| WCN Waste Connections Inc. | 1.01% | 5,437,786 | $933.0M | Reduce -2.6% |
| TSLA Tesla Inc. | 0.99% | 2,280,314 | $920.9M | Add +1.7% |
| KLAC KLA Corp. | 0.99% | 1,455,161 | $916.9M | Add +25.2% |
| SNPS Synopsys Inc. | 0.92% | 1,758,759 | $853.6M | Add +3.5% |
| NXPI NXP Semiconductors NV | 0.92% | 4,086,294 | $849.3M | Add +14.0% |
| V Visa Inc. Class A | 0.91% | 2,681,657 | $847.5M | Reduce -0.4% |
| MRVL Marvell Technology Inc. | 0.87% | 7,287,586 | $804.9M | Reduce -24.6% |
| CDNS Cadence Design SYS Inc. | 0.81% | 2,495,320 | $749.7M | Reduce -2.3% |
| WM Waste Management Inc. | 0.76% | 3,485,189 | $703.3M | Reduce -4.6% |
| NEE Nextera Energy Inc. | 0.76% | 9,795,686 | $702.3M | Reduce -4.6% |
| A Agilent Technologies Inc. | 0.76% | 5,213,739 | $700.4M | Add +0.9% |
| XYL Xylem Inc. | 0.67% | 5,355,809 | $621.4M | Reduce -17.1% |
| PANW Palo Alto Networks Inc. | 0.65% | 3,313,633 | $602.9M | Add +22.2% |
| GOOG Alphabet Inc. Class C | 0.63% | 3,072,827 | $585.2M | Add +14.2% |
| LRCX Lam Research Corp. | 0.61% | 7,872,549 | $568.6M | Add +11.0% |
| AMD Advanced Micro Devices | 0.61% | 4,705,588 | $568.4M | Add +3.5% |
| AMAT Applied Materials Inc. | 0.60% | 3,446,419 | $560.5M | Reduce -13.0% |
| TTEK Tetra Tech Inc. | 0.60% | 14,018,887 | $558.5M | Add +2.8% |
| TT Trane Technologies PLC | 0.60% | 1,504,896 | $555.8M | Reduce -7.6% |
| ACM Aecom | 0.60% | 5,196,149 | $555.1M | Reduce -0.1% |
| ETN Eaton Corp. PLC | 0.59% | 1,639,104 | $544.0M | Reduce -13.2% |
| WDAY Workday Inc. Class A | 0.58% | 2,086,818 | $538.5M | Reduce -3.0% |
| NFLX Netflix Inc. | 0.57% | 594,611 | $530.0M | Reduce -9.2% |
| UNH Unitedhealth Group Inc. | 0.57% | 1,040,985 | $526.6M | Add +25.7% |
| ISRG Intuitive Surgical Inc. | 0.56% | 989,600 | $516.5M | Reduce -1.7% |
| LLY Eli Lilly & Co. | 0.55% | 662,370 | $511.3M | Add +6.6% |
| ADSK Autodesk Inc. | 0.53% | 1,669,345 | $493.4M | Reduce -3.4% |
| FERG Ferguson Enterprises Inc. | 0.53% | 2,804,595 | $486.8M | Add +7.3% |
| VLTO Veralto Corp. | 0.52% | 4,764,889 | $485.3M | Add +1.2% |
| GFL GFL Environmental Inc.-Sub VT | 0.52% | 10,833,949 | $482.6M | Reduce -4.5% |
| PNR Pentair PLC | 0.51% | 4,691,381 | $472.1M | Reduce -7.8% |
| MA Mastercard Inc. Class A | 0.50% | 880,476 | $463.6M | Add +26.9% |
| FISV Fiserv Inc. | 0.49% | 2,224,227 | $456.9M | Add +4.2% |
| ROP Roper Technologies Inc. | 0.49% | 878,530 | $456.7M | Reduce -25.9% |
| AWK American Water Works Co. Inc. | 0.49% | 3,653,180 | $454.8M | Reduce -5.5% |
| INTU Intuit Inc. | 0.46% | 677,455 | $425.8M | Add +46.4% |
| CARR Carrier Global Corp. | 0.45% | 6,080,842 | $415.1M | Add +2.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.45% | 1,206,405 | $412.8M | Reduce -20.2% |
| STN Stantec Inc. | 0.44% | 5,225,992 | $409.8M | Reduce -3.1% |
| HD Home Depot Inc. | 0.44% | 1,049,746 | $408.3M | Add +21.1% |
| CNM Core & Main Inc. Class A | 0.44% | 8,006,669 | $407.6M | Add +0.2% |
| DLR Digital Realty Trust Inc. | 0.42% | 2,211,270 | $392.1M | Reduce -4.5% |
| BKNG Booking Holdings Inc. | 0.41% | 77,117 | $383.1M | Reduce -18.1% |
| DT Dynatrace Inc. | 0.41% | 7,025,949 | $381.9M | Add +13.5% |
| CLH Clean Harbors Inc. | 0.41% | 1,658,128 | $381.6M | Add +72.6% |
| PTC PTC Inc. | 0.40% | 2,031,915 | $373.6M | Reduce -18.7% |
| LIN Linde PLC | 0.39% | 868,311 | $363.5M | Reduce -0.8% |
| WMS Advanced Drainage Systems Inc. | 0.39% | 3,130,155 | $361.8M | Reduce -3.1% |
| PH Parker Hannifin Corp. | 0.38% | 557,160 | $354.4M | Add +6.7% |
| ALC Alcon Inc. filed as ALCON AG | 0.38% | 4,158,129 | $352.8M | Add +21.6% |
| PCG P G & E Corp. | 0.38% | 17,385,629 | $350.8M | Add +0.5% |
| LULU Lululemon Athletica Inc. | 0.37% | 903,909 | $345.7M | Add +20.4% |
| ESTC Elastic NV | 0.37% | 3,429,756 | $339.8M | Add +15.6% |
| SRE Sempra | 0.37% | 3,869,619 | $339.4M | Reduce -1.7% |
| IEX Idex Corp. | 0.37% | 1,620,252 | $339.1M | Add +6.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.36% | 735,506 | $333.4M | Add +5.3% |
| JPM JPMorgan Chase & Co. | 0.36% | 1,389,417 | $333.1M | Reduce -3.6% |
| XEL Xcel Energy Inc. | 0.36% | 4,878,279 | $329.4M | Add +236.7% |
| FBIN Fortune Brands Innovations I | 0.35% | 4,807,191 | $328.5M | Reduce -7.7% |
| ZTS Zoetis Inc. | 0.35% | 2,001,283 | $326.1M | Add +29.4% |
| BSX Boston Scientific Corp. | 0.35% | 3,616,895 | $323.1M | Add +23.6% |
| ON On Semiconductor | 0.35% | 5,091,235 | $321.0M | Reduce -12.2% |
| MU Micron Technology Inc. | 0.34% | 3,787,719 | $318.8M | Add +1.3% |
| CNP Centerpoint Energy Inc. | 0.34% | 9,929,600 | $315.1M | Reduce -19.3% |
| HUBS HubSpot Inc. | 0.32% | 431,726 | $300.8M | Reduce -5.0% |
| GILD Gilead Sciences Inc. | 0.32% | 3,212,654 | $296.8M | Reduce -24.6% |
| AXP American Express Co. | 0.32% | 999,071 | $296.5M | Reduce -7.5% |
| ADI Analog Devices Inc. | 0.32% | 1,379,167 | $293.0M | Reduce -7.4% |
| CYBR Cyberark Software Ltd./Israel | 0.32% | 878,435 | $292.7M | Add +8.4% |
| ZS Zscaler Inc. | 0.32% | 1,618,176 | $291.9M | Add +25.8% |
| PG The Procter & Gamble Co. | 0.32% | 1,741,225 | $291.9M | Add +21.5% |
| EXC Exelon Corp. | 0.31% | 7,708,628 | $290.2M | Reduce -5.2% |
| VEEV Veeva Systems Inc. Class A | 0.31% | 1,362,120 | $286.4M | Reduce -1.4% |
| CTAS Cintas Corp. | 0.30% | 1,536,834 | $280.8M | Add +6.4% |
| ANSS Ansys Inc. | 0.30% | 829,950 | $280.0M | Reduce -49.5% |
| FTNT Fortinet Inc. | 0.29% | 2,890,985 | $273.1M | Add +1.4% |
| BLD Topbuild Corp. | 0.29% | 871,495 | $271.3M | Add +4.9% |
| FIVN FIVE9 Inc. | 0.29% | 6,583,265 | $267.5M | Reduce -2.9% |
| SNOW Snowflake Inc. | 0.29% | 1,719,704 | $265.5M | Add +1303.2% |
| SW Smurfit Westrock PLC | 0.29% | 4,916,005 | $264.8M | Reduce -5.1% |
| BSY Bentley Systems Inc. Class B | 0.28% | 5,614,750 | $262.2M | Add +0.4% |
| CEG Constellation Energy | 0.28% | 1,164,909 | $260.6M | Add +13.5% |
| AEE Ameren Corporation | 0.28% | 2,870,315 | $255.9M | Reduce -7.3% |
| MELI MercadoLibre Inc. | 0.27% | 146,808 | $249.6M | Reduce -4.1% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.26% | 2,329,022 | $244.8M | Add +0.1% |
| WTRG Essential Utilities Inc. | 0.26% | 6,726,215 | $244.3M | Add +31.1% |
| LNT Alliant Energy Corp. | 0.26% | 4,076,660 | $241.1M | Add +1.8% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $1.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 1,613,000 | $1.2M | No change |
| SUNNOVA ENERGY INTL INC (NOVA 2.625 02/15/28) | NOTE 2.625% 2/1 · principal | 1,650,000 | $667K | No change |
Total filed on the 13F, all lines: $92.7B.
Portfolio Sells Q3 2024 → Q4 2024
| XYL Xylem Inc. | Reduce -17.1% | 0.67% | −0.29 |
| AMAT Applied Materials Inc. | Reduce -13.0% | 0.60% | −0.28 |
| ANSS Ansys Inc. | Reduce -49.5% | 0.30% | −0.27 |
| ALTR Altair Engineering Inc. Class A | Reduce -99.6% | 0.00% | −0.24 |
| ROP Roper Technologies Inc. | Reduce -25.9% | 0.49% | −0.23 |
| NEE Nextera Energy Inc. | Reduce -4.6% | 0.76% | −0.20 |
| WMS Advanced Drainage Systems Inc. | Reduce -3.1% | 0.39% | −0.17 |
| REGN Regeneron Pharmaceuticals | Reduce -25.3% | 0.16% | −0.17 |
| FBIN Fortune Brands Innovations I | Reduce -7.7% | 0.35% | −0.16 |
| AMGN Amgen Inc. | Reduce -30.5% | 0.17% | −0.14 |
| AWK American Water Works Co. Inc. | Reduce -5.5% | 0.49% | −0.13 |
| PDD PDD Holdings Inc. | Reduce -29.8% | 0.12% | −0.12 |
| ON On Semiconductor | Reduce -12.2% | 0.35% | −0.12 |
| UBER Uber Technologies Inc. | Reduce -18.9% | 0.20% | −0.12 |
| AES AES Corp. | Reduce -85.4% | 0.01% | −0.11 |
| ETN Eaton Corp. PLC | Reduce -13.2% | 0.59% | −0.10 |
| TT Trane Technologies PLC | Reduce -7.6% | 0.60% | −0.10 |
| PTC PTC Inc. | Reduce -18.7% | 0.40% | −0.09 |
| WCN Waste Connections Inc. | Reduce -2.6% | 1.01% | −0.09 |
| ALNY Alnylam Pharmaceuticals Inc. | Reduce -35.2% | 0.11% | −0.09 |
| ES Eversource Energy | Reduce -77.1% | 0.02% | −0.08 |
| MELI MercadoLibre Inc. | Reduce -4.1% | 0.27% | −0.08 |
| PCTY Paylocity Holding Corp. | Reduce -52.7% | 0.10% | −0.08 |
| WM Waste Management Inc. | Reduce -4.6% | 0.76% | −0.08 |
| ADBE Adobe Inc. | Reduce -9.8% | 0.23% | −0.07 |
| GILD Gilead Sciences Inc. | Reduce -24.6% | 0.32% | −0.07 |
| ELV Elevance Health Inc. | Reduce -37.4% | 0.06% | −0.07 |
| CCI Crown Castle Inc. | Reduce -5.5% | 0.17% | −0.07 |
| RNG Ringcentral Inc. Class A | Reduce -99.5% | 0.00% | −0.07 |
| LIN Linde PLC | Reduce -0.8% | 0.39% | −0.07 |
| PEG Public Service Enterprise GP | Reduce -14.7% | 0.24% | −0.06 |
| ADI Analog Devices Inc. | Reduce -7.4% | 0.32% | −0.06 |
| CNP Centerpoint Energy Inc. | Reduce -19.3% | 0.34% | −0.06 |
| WEC WEC Energy Group Inc. | Reduce -26.1% | 0.14% | −0.06 |
| DTE DTE Energy Company | Reduce -12.6% | 0.23% | −0.05 |
| BIIB Biogen Inc. | Reduce -37.9% | 0.05% | −0.05 |
| SO The Southern Co. | Reduce -8.3% | 0.24% | −0.05 |
| PINS Pinterest Inc. Class A | Reduce -30.4% | 0.08% | −0.05 |
| BMRN Biomarin Pharmaceutical Inc. | Reduce -69.0% | 0.02% | −0.05 |
| NTRA Natera Inc. | Reduce -94.4% | 0.00% | −0.05 |
| EXC Exelon Corp. | Reduce -5.2% | 0.31% | −0.05 |
| MAS Masco Corp. | Reduce -4.3% | 0.20% | −0.05 |
| IR Ingersoll-Rand Inc. | Reduce -9.2% | 0.20% | −0.04 |
| VKTX Viking Therapeutics Inc. | Reduce -9.1% | 0.05% | −0.04 |
| GEN Gen Digital Inc. | Reduce -16.8% | 0.18% | −0.04 |
| DHR Danaher Corp. | Reduce -0.8% | 0.16% | −0.04 |
| IFF Intl Flavors & Fragrances | Reduce -1.9% | 0.13% | −0.04 |
| TENB Tenable Holdings Inc. | Reduce -42.9% | 0.05% | −0.04 |
| WAB Wabtec Corp. | Reduce -31.9% | 0.09% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -7.5% | 0.19% | −0.04 |
Portfolio Buys Q3 2024 → Q4 2024
| NVDA Nvidia Corp. | Add +4.5% | 3.28% | +0.38 |
| TSLA Tesla Inc. | Add +1.7% | 0.99% | +0.35 |
| AVGO Broadcom Inc. | Add +1.7% | 1.29% | +0.33 |
| MSFT Microsoft Corp. | Add +17.5% | 2.85% | +0.33 |
| GOOGL Alphabet Inc. Class A | Add +3.6% | 2.06% | +0.28 |
| SNOW Snowflake Inc. | Add +1303.2% | 0.29% | +0.27 |
| AMZN Amazon.com Inc. | Add +1.2% | 1.85% | +0.27 |
| XEL Xcel Energy Inc. | Add +236.7% | 0.36% | +0.25 |
| CLH Clean Harbors Inc. | Add +72.6% | 0.41% | +0.16 |
| UBS UBS Group AG-Reg | Add +18.9% | 1.16% | +0.15 |
| LULU Lululemon Athletica Inc. | Add +20.4% | 0.37% | +0.15 |
| INTU Intuit Inc. | Add +46.4% | 0.46% | +0.14 |
| PANW Palo Alto Networks Inc. | Add +22.2% | 0.65% | +0.14 |
| NTNX Nutanix Inc. Class A | Add +6785.3% | 0.14% | +0.14 |
| GOOG Alphabet Inc. Class C | Add +14.2% | 0.63% | +0.14 |
| MA Mastercard Inc. Class A | Add +26.9% | 0.50% | +0.12 |
| ILMN Illumina Inc. | Add +245.7% | 0.17% | +0.12 |
| ESTC Elastic NV | Add +15.6% | 0.37% | +0.12 |
| TLN Talen Energy Corp. | New | 0.11% | +0.11 |
| APTV Aptiv PLC | Add +1018.9% | 0.11% | +0.10 |
| VST Vistra Corp. | Add +61.1% | 0.20% | +0.09 |
| NET Cloudflare Inc. Class A | Add +454.6% | 0.10% | +0.09 |
| IVV iShares Core S&P 500 ETF | New | 0.08% | +0.08 |
| BSX Boston Scientific Corp. | Add +23.6% | 0.35% | +0.08 |
| KMI Kinder Morgan Inc. | Add +223.9% | 0.10% | +0.08 |
| ZS Zscaler Inc. | Add +25.8% | 0.32% | +0.07 |
| WMB Williams Cos Inc. | Add +147.1% | 0.11% | +0.07 |
| FISV Fiserv Inc. | Add +4.2% | 0.49% | +0.07 |
| CFLT Confluent Inc. Class A | Add +7342.2% | 0.07% | +0.07 |
| INFA Informatica Inc. Class A | Add +52.7% | 0.20% | +0.07 |
| SPOT Spotify Technology SA | Add +157.7% | 0.10% | +0.07 |
| CPRT Copart Inc. | Add +220.1% | 0.10% | +0.07 |
| SHOP Shopify Inc. Class A | Add +2.7% | 0.25% | +0.06 |
| CYBR Cyberark Software Ltd./Israel | Add +8.4% | 0.32% | +0.06 |
| TER Teradyne Inc. | Add +38.7% | 0.25% | +0.06 |
| GTLB Gitlab Inc. Class A | Add +77.0% | 0.12% | +0.06 |
| HD Home Depot Inc. | Add +21.1% | 0.44% | +0.05 |
| BMI Badger Meter Inc. | Add +5897.0% | 0.05% | +0.05 |
| UGI Ugi Corp. | Add +5776.6% | 0.05% | +0.05 |
| UNP Union Pacific Corp. | Add +71.0% | 0.15% | +0.05 |
| FTNT Fortinet Inc. | Add +1.4% | 0.29% | +0.05 |
| NVT Nvent Electric PLC | Add +3186.9% | 0.05% | +0.05 |
| CNM Core & Main Inc. Class A | Add +0.2% | 0.44% | +0.05 |
| DT Dynatrace Inc. | Add +13.5% | 0.41% | +0.05 |
| WTRG Essential Utilities Inc. | Add +31.1% | 0.26% | +0.05 |
| JCI Johnson Controls Internation | Add +24.7% | 0.22% | +0.04 |
| INCY Incyte Corp. | Add +73.4% | 0.10% | +0.04 |
| PG The Procter & Gamble Co. | Add +21.5% | 0.32% | +0.04 |
| CNH CNH Industrial NV | Add +117.8% | 0.07% | +0.04 |
| CHKP Check Point Software Tech | Add +148.5% | 0.07% | +0.04 |
Notes & Other Activity Q3 2024 → Q4 2024
| DISH NETWORK CORP (DISH 0 12/15/25) | NOTE 12/1 · principal | Sold out | 5,500,000 | $4.8Mbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 2,134 | $104.6B | NVDA, GOOGL, AVGO, AAPL, MSFT |
| Q1 2026 | 2,095 | $94.8B | NVDA, MSFT, GOOGL, AVGO, AAPL |
| Q4 2025 | 2,072 | $103.0B | NVDA, MSFT, GOOGL, AAPL, AMZN |
| Q3 2025 | 2,023 | $103.7B | NVDA, MSFT, GOOGL, AAPL, AMZN |
| Q2 2025 | 1,999 | $98.3B | NVDA, MSFT, AVGO, GOOGL, AMZN |
| Q1 2025 | 2,008 | $90.0B | NVDA, MSFT, AAPL, RSG, TMO |
| Q4 2024 | 2,040 | $92.7B | NVDA, MSFT, AAPL, GOOGL, AMZN |
| Q3 2024 | 2,015 | $90.9B | NVDA, MSFT, AAPL, GOOGL, TMO |
| Q2 2024 | 1,969 | $87.3B | NVDA, MSFT, AAPL, GOOGL, AMZN |
| Q1 2024 | 1,973 | $91.9B | MSFT, NVDA, TMO, AAPL, AMZN |