Pictet Asset Management Holding SA
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), Pictet Asset Management Holding SA reported 2,072 stock positions worth $103.0 billion. Its top holding was Nvidia (NVDA) at 4.6% of the portfolio, followed by Microsoft (MSFT, 3.5%) and Alphabet Class A (GOOGL, 2.6%). Compared with Q3 2025, it opened 102 new positions, sold out of 55, added to 1,057 and reduced 512. The biggest buy was Broadcom (AVGO, shares +18%) and the biggest sale Synopsys (SNPS, shares −57%).
- Most Recent 13F
- Q2 2026
- Location
- CAROUGE, V8
- CIK
- 0001993888
- Portfolio Value
- $103.0B (Q4 2025)
- SEC Filing
- 0001993888-26-000001 ↗ filed Jan 29, 2026
Holdings Value
Holdings 2,072 stocks · $103.0B
| NVDA Nvidia Corp. | 4.59% | 25,318,183 | $4.7B | Add +2.6% |
| MSFT Microsoft Corp. | 3.46% | 7,359,823 | $3.6B | Add +5.4% |
| GOOGL Alphabet Inc. Class A | 2.62% | 8,607,869 | $2.7B | Reduce -13.3% |
| AAPL Apple Inc. | 2.33% | 8,834,896 | $2.4B | Add +0.9% |
| AMZN Amazon.com Inc. | 2.17% | 9,697,778 | $2.2B | Add +10.8% |
| AVGO Broadcom Inc. | 2.12% | 6,307,458 | $2.2B | Add +17.6% |
| UBS UBS Group AG-Reg | 1.63% | 35,932,192 | $1.7B | Add +1.8% |
| TMO Thermo Fisher Scientific Inc. | 1.39% | 2,462,156 | $1.4B | Reduce -14.8% |
| META Meta Platforms Inc. Class A | 1.09% | 1,705,456 | $1.1B | Reduce -2.9% |
| KLAC KLA Corp. | 1.05% | 887,980 | $1.1B | Reduce -23.3% |
| CRM Salesforce Inc. | 1.01% | 3,919,269 | $1.0B | Add +8.0% |
| ECL Ecolab Inc. | 0.98% | 3,860,283 | $1.0B | Add +5.5% |
| NXPI NXP Semiconductors NV | 0.96% | 4,547,654 | $987.3M | Reduce -2.2% |
| GOOG Alphabet Inc. Class C | 0.92% | 3,026,942 | $949.9M | Reduce -2.8% |
| LLY Eli Lilly & Co. | 0.92% | 880,506 | $946.3M | Add +27.5% |
| MA Mastercard Inc. Class A | 0.89% | 1,608,437 | $918.4M | Add +6.3% |
| TSLA Tesla Inc. | 0.83% | 1,907,639 | $858.0M | Reduce -7.0% |
| V Visa Inc. Class A | 0.82% | 2,403,432 | $843.0M | Reduce -4.5% |
| RSG Republic Services Inc. | 0.79% | 3,846,220 | $815.2M | Reduce -4.6% |
| PANW Palo Alto Networks Inc. | 0.78% | 4,356,617 | $802.7M | Add +7.9% |
| TT Trane Technologies PLC | 0.77% | 2,036,142 | $792.6M | Reduce -3.3% |
| HUBS HubSpot Inc. | 0.75% | 1,935,587 | $776.7M | Add +32.7% |
| NEE Nextera Energy Inc. | 0.72% | 9,254,022 | $742.9M | Add +47.3% |
| AMAT Applied Materials Inc. | 0.71% | 2,846,800 | $731.6M | Add +2.9% |
| LRCX Lam Research Corp. | 0.69% | 4,175,648 | $714.9M | Reduce -38.5% |
| INTU Intuit Inc. | 0.66% | 1,025,056 | $679.0M | Add +3.5% |
| XYL Xylem Inc. | 0.65% | 4,886,252 | $665.4M | Reduce -7.5% |
| ISRG Intuitive Surgical Inc. | 0.63% | 1,150,250 | $651.5M | Reduce -0.6% |
| TEAM Atlassian Corp. Class A | 0.62% | 3,950,852 | $640.6M | Add +38.1% |
| DT Dynatrace Inc. | 0.62% | 14,648,533 | $635.0M | Add +16.5% |
| A Agilent Technologies Inc. | 0.62% | 4,664,881 | $634.8M | Reduce -11.3% |
| WCN Waste Connections Inc. | 0.60% | 3,508,405 | $615.3M | Add +5.7% |
| LIN Linde PLC | 0.58% | 1,390,155 | $592.7M | Add +39.3% |
| NOW ServiceNow Inc. | 0.57% | 3,840,262 | $588.3M | Add +42.7% |
| FERG Ferguson Enterprises Inc. | 0.57% | 2,627,515 | $585.0M | Reduce -17.1% |
| NFLX Netflix Inc. | 0.55% | 5,996,425 | $562.3M | Add +21.7% |
| WDAY Workday Inc. Class A | 0.54% | 2,580,075 | $554.2M | Add +11.1% |
| MU Micron Technology Inc. | 0.54% | 1,931,524 | $551.4M | Reduce -26.6% |
| WM Waste Management Inc. | 0.52% | 2,451,370 | $538.6M | Reduce -8.7% |
| PTC PTC Inc. | 0.50% | 2,976,722 | $518.6M | Reduce -1.3% |
| PH Parker Hannifin Corp. | 0.50% | 585,994 | $515.1M | Reduce -15.8% |
| AMD Advanced Micro Devices | 0.49% | 2,335,597 | $500.2M | Reduce -42.2% |
| SNPS Synopsys Inc. | 0.46% | 1,017,686 | $478.2M | Reduce -56.7% |
| XEL Xcel Energy Inc. | 0.46% | 6,472,774 | $478.1M | Add +7.8% |
| CDNS Cadence Design SYS Inc. | 0.46% | 1,526,981 | $477.3M | Reduce -7.6% |
| JPM JPMorgan Chase & Co. | 0.46% | 1,467,289 | $472.8M | Add +4.1% |
| CLH Clean Harbors Inc. | 0.43% | 1,885,730 | $442.3M | Reduce -9.0% |
| PNR Pentair PLC | 0.43% | 4,223,831 | $439.9M | Reduce -11.8% |
| ETN Eaton Corp. PLC | 0.43% | 1,379,754 | $439.5M | Add +1.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.42% | 912,767 | $428.0M | Reduce -10.0% |
| BSX Boston Scientific Corp. | 0.40% | 4,299,773 | $410.0M | Add +5.1% |
| VLTO Veralto Corp. | 0.39% | 4,021,161 | $401.3M | Reduce -13.7% |
| ALC Alcon Inc. filed as ALCON AG | 0.39% | 4,967,751 | $396.8M | Add +3.4% |
| SNOW Snowflake Inc. | 0.38% | 1,797,461 | $394.3M | Add +9.7% |
| BKNG Booking Holdings Inc. | 0.38% | 73,021 | $391.2M | Add +6.6% |
| CNM Core & Main Inc. Class A | 0.38% | 7,441,427 | $386.8M | Reduce -10.7% |
| CTAS Cintas Corp. | 0.37% | 2,002,205 | $376.6M | Add +10.0% |
| TTEK Tetra Tech Inc. | 0.36% | 11,204,346 | $375.8M | Reduce -21.0% |
| SRE Sempra | 0.36% | 4,250,729 | $375.3M | Reduce -5.5% |
| SO The Southern Co. | 0.36% | 4,265,347 | $371.9M | Add +6.4% |
| GFL GFL Environmental Inc.-Sub VT | 0.35% | 8,511,198 | $365.6M | Add +2.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.34% | 706,360 | $355.0M | Add +6.3% |
| JCI Johnson Controls Internation | 0.34% | 2,909,713 | $348.5M | Reduce -18.3% |
| ADSK Autodesk Inc. | 0.34% | 1,166,988 | $345.4M | Reduce -7.5% |
| TER Teradyne Inc. | 0.34% | 1,783,216 | $345.2M | Reduce -17.1% |
| EQIX Equinix Inc. | 0.33% | 450,183 | $344.9M | Reduce -41.0% |
| AWK American Water Works Co. Inc. | 0.33% | 2,639,521 | $344.5M | Add +0.9% |
| VRTX Vertex Pharmaceuticals Inc. | 0.33% | 752,425 | $342.2M | Reduce -4.9% |
| ESTC Elastic NV | 0.33% | 4,534,498 | $342.1M | Add +3.2% |
| UNH Unitedhealth Group Inc. | 0.33% | 1,029,448 | $339.8M | Reduce -19.3% |
| ADI Analog Devices Inc. | 0.33% | 1,245,883 | $337.9M | Reduce -6.8% |
| MELI MercadoLibre Inc. | 0.31% | 160,287 | $322.9M | Add +16.0% |
| LOGI Logitech International-Reg | 0.31% | 3,061,513 | $315.1M | Reduce -1.6% |
| CSCO Cisco Systems Inc. | 0.30% | 4,041,796 | $311.3M | Reduce -1.8% |
| MCHP Microchip Technology Inc. | 0.30% | 4,862,384 | $309.9M | Add +25.4% |
| AXP American Express Co. | 0.30% | 835,108 | $309.0M | Reduce -2.4% |
| JNJ Johnson & Johnson | 0.30% | 1,490,318 | $308.4M | Add +3.6% |
| DLR Digital Realty Trust Inc. | 0.30% | 1,983,694 | $306.9M | Reduce -33.4% |
| ZTS Zoetis Inc. | 0.29% | 2,405,623 | $302.7M | Reduce -10.3% |
| MRVL Marvell Technology Inc. | 0.29% | 3,551,856 | $301.8M | Reduce -1.3% |
| CNP Centerpoint Energy Inc. | 0.29% | 7,799,756 | $299.0M | Reduce -11.4% |
| ANET Arista Networks Inc. | 0.29% | 2,280,122 | $298.9M | Add +310.6% |
| GILD Gilead Sciences Inc. | 0.28% | 2,356,514 | $290.9M | Reduce -12.2% |
| BLD Topbuild Corp. | 0.28% | 697,047 | $290.8M | Add +7.8% |
| REGN Regeneron Pharmaceuticals | 0.28% | 367,870 | $284.7M | Add +13.8% |
| ZS Zscaler Inc. | 0.28% | 1,259,127 | $283.3M | Add +30.1% |
| TWLO Twilio Inc. Class A | 0.27% | 1,982,340 | $282.0M | Reduce -12.7% |
| ACM Aecom | 0.27% | 2,922,328 | $278.6M | Reduce -22.5% |
| STN Stantec Inc. | 0.27% | 2,927,954 | $276.7M | Reduce -15.4% |
| AMRZ Amrize Ltd. | 0.27% | 4,982,034 | $273.8M | Add +0.0% |
| PCG P G & E Corp. | 0.26% | 16,833,793 | $270.5M | Reduce -7.8% |
| LNT Alliant Energy Corp. | 0.26% | 4,067,962 | $264.5M | Add +5.6% |
| ABBV Abbvie Inc. | 0.25% | 1,148,726 | $262.5M | Add +10.1% |
| SPOT Spotify Technology SA | 0.25% | 449,991 | $261.3M | Reduce -19.3% |
| HD Home Depot Inc. | 0.25% | 742,793 | $255.6M | Reduce -24.6% |
| UBER Uber Technologies Inc. | 0.25% | 3,097,566 | $253.1M | Add +14.4% |
| PWR Quanta Services Inc. | 0.25% | 599,531 | $253.0M | Reduce -7.7% |
| CGNX Cognex Corp. | 0.25% | 7,013,184 | $252.4M | Add +27.9% |
| FTNT Fortinet Inc. | 0.24% | 3,155,993 | $250.7M | Add +25.0% |
| CMS CMS Energy Corp. | 0.24% | 3,571,251 | $249.7M | Add +70.9% |
Options reported separately and not counted above: AMZN calls ($31.2M), MSFT calls ($8.8M), CNC calls ($6.9M), TSLA puts ($5.8M), MELI puts ($5.5M), UNH calls ($4.5M), FCX calls ($2.2M), TSLA calls ($1.6M), BE puts ($1.4M).
Portfolio Sells Q3 2025 → Q4 2025
| SNPS Synopsys Inc. | Reduce -56.7% | 0.46% | −0.65 |
| FISV Fiserv Inc. | Reduce -86.7% | 0.03% | −0.41 |
| EQIX Equinix Inc. | Reduce -41.0% | 0.33% | −0.24 |
| EXC Exelon Corp. | Reduce -71.7% | 0.09% | −0.22 |
| ROP Roper Technologies Inc. | Reduce -42.0% | 0.23% | −0.21 |
| ACM Aecom | Reduce -22.5% | 0.27% | −0.20 |
| DLR Digital Realty Trust Inc. | Reduce -33.4% | 0.30% | −0.20 |
| D Dominion Energy Inc. | Reduce -65.8% | 0.09% | −0.18 |
| LRCX Lam Research Corp. | Reduce -38.5% | 0.69% | −0.18 |
| POOL Pool Corp. | Reduce -98.8% | 0.00% | −0.16 |
| KLAC KLA Corp. | Reduce -23.3% | 1.05% | −0.16 |
| META Meta Platforms Inc. Class A | Reduce -2.9% | 1.09% | −0.15 |
| AMD Advanced Micro Devices | Reduce -42.2% | 0.49% | −0.15 |
| HD Home Depot Inc. | Reduce -24.6% | 0.25% | −0.14 |
| SPOT Spotify Technology SA | Reduce -19.3% | 0.25% | −0.12 |
| NTNX Nutanix Inc. Class A | Reduce -13.2% | 0.19% | −0.12 |
| FERG Ferguson Enterprises Inc. | Reduce -17.1% | 0.57% | −0.12 |
| XYL Xylem Inc. | Reduce -7.5% | 0.65% | −0.11 |
| RSG Republic Services Inc. | Reduce -4.6% | 0.79% | −0.10 |
| CDNS Cadence Design SYS Inc. | Reduce -7.6% | 0.46% | −0.10 |
| UNH Unitedhealth Group Inc. | Reduce -19.3% | 0.33% | −0.09 |
| SW Smurfit Westrock PLC | Reduce -40.3% | 0.11% | −0.09 |
| TTEK Tetra Tech Inc. | Reduce -21.0% | 0.36% | −0.09 |
| STN Stantec Inc. | Reduce -15.4% | 0.27% | −0.09 |
| VLTO Veralto Corp. | Reduce -13.7% | 0.39% | −0.09 |
| TT Trane Technologies PLC | Reduce -3.3% | 0.77% | −0.09 |
| PTC PTC Inc. | Reduce -1.3% | 0.50% | −0.09 |
| ZTS Zoetis Inc. | Reduce -10.3% | 0.29% | −0.08 |
| PNR Pentair PLC | Reduce -11.8% | 0.43% | −0.08 |
| GRMN Garmin Ltd. | Reduce -27.5% | 0.13% | −0.08 |
| BSY Bentley Systems Inc. Class B | Reduce -38.7% | 0.07% | −0.08 |
| CYBR Cyberark Software Ltd./Israel | Reduce -40.3% | 0.10% | −0.08 |
| FBIN Fortune Brands Innovations I | Reduce -21.8% | 0.22% | −0.08 |
| RACE Ferrari NV | Reduce -21.4% | 0.12% | −0.08 |
| FIS Fidelity National Info Serv | Reduce -75.4% | 0.02% | −0.07 |
| UGI Ugi Corp. | Reduce -66.9% | 0.04% | −0.07 |
| ES Eversource Energy | Reduce -72.0% | 0.03% | −0.07 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -45.5% | 0.10% | −0.07 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -10.0% | 0.42% | −0.06 |
| NXPI NXP Semiconductors NV | Reduce -2.2% | 0.96% | −0.06 |
| IDXX Idexx Laboratories Inc. | Reduce -38.4% | 0.11% | −0.06 |
| SFM Sprouts Farmers Market Inc. | Reduce -40.7% | 0.05% | −0.06 |
| IRM Iron Mountain Inc. | Reduce -6.8% | 0.18% | −0.06 |
| CNM Core & Main Inc. Class A | Reduce -10.7% | 0.38% | −0.06 |
| SBUX Starbucks Corp. | Reduce -57.8% | 0.04% | −0.06 |
| STE Steris PLC | Reduce -25.3% | 0.19% | −0.06 |
| EIX Edison International | Reduce -53.3% | 0.06% | −0.05 |
| CSL Carlisle Cos Inc. | Reduce -32.5% | 0.10% | −0.05 |
| LULU Lululemon Athletica Inc. | Reduce -83.7% | 0.01% | −0.05 |
| DOCS Doximity Inc. Class A | Reduce -97.6% | 0.00% | −0.05 |
Portfolio Buys Q3 2025 → Q4 2025
| AVGO Broadcom Inc. | Add +17.6% | 2.12% | +0.41 |
| LLY Eli Lilly & Co. | Add +27.5% | 0.92% | +0.41 |
| AMZN Amazon.com Inc. | Add +10.8% | 2.17% | +0.32 |
| NEE Nextera Energy Inc. | Add +47.3% | 0.72% | +0.26 |
| UBS UBS Group AG-Reg | Add +1.8% | 1.63% | +0.24 |
| ANET Arista Networks Inc. | Add +310.6% | 0.29% | +0.21 |
| AAPL Apple Inc. | Add +0.9% | 2.33% | +0.18 |
| TEAM Atlassian Corp. Class A | Add +38.1% | 0.62% | +0.18 |
| CRM Salesforce Inc. | Add +8.0% | 1.01% | +0.18 |
| AMAT Applied Materials Inc. | Add +2.9% | 0.71% | +0.16 |
| NVDA Nvidia Corp. | Add +2.6% | 4.59% | +0.15 |
| PEG Public Service Enterprise GP | Add +174.9% | 0.22% | +0.14 |
| LIN Linde PLC | Add +39.3% | 0.58% | +0.12 |
| EXR Extra Space Storage Inc. | Add +191.5% | 0.17% | +0.11 |
| APG Api Group Corp. | Add +86.1% | 0.20% | +0.10 |
| AEP American Electric Power | Add +374.1% | 0.13% | +0.10 |
| SYK Stryker Corp. | Add +190.3% | 0.16% | +0.10 |
| REGN Regeneron Pharmaceuticals | Add +13.8% | 0.28% | +0.10 |
| ETR Entergy Corp. | Add +82.5% | 0.22% | +0.10 |
| DHI D.R. Horton Inc. | Add +216.8% | 0.16% | +0.10 |
| HUBS HubSpot Inc. | Add +32.7% | 0.75% | +0.10 |
| CMS CMS Energy Corp. | Add +70.9% | 0.24% | +0.09 |
| TTE Totalenergies SE | New | 0.09% | +0.09 |
| CWST Casella Waste Systems Inc. Class A | Add +10865.8% | 0.09% | +0.09 |
| NOW ServiceNow Inc. | Add +42.7% | 0.57% | +0.09 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | New | 0.09% | +0.09 |
| MLI Mueller Industries Inc. | Add +4700.0% | 0.08% | +0.08 |
| CTSH Cognizant Tech Solutions-A | Add +122.8% | 0.12% | +0.07 |
| EL Estee Lauder Companies Class A | Add +505.6% | 0.09% | +0.07 |
| ON On Semiconductor | Add +38.8% | 0.21% | +0.07 |
| PRAX Praxis Precision Medicines I | New | 0.07% | +0.07 |
| MA Mastercard Inc. Class A | Add +6.3% | 0.89% | +0.06 |
| MCHP Microchip Technology Inc. | Add +25.4% | 0.30% | +0.06 |
| INCY Incyte Corp. | Add +59.2% | 0.13% | +0.06 |
| BIIB Biogen Inc. | Add +22.9% | 0.16% | +0.06 |
| ARWR Arrowhead Pharmaceuticals Inc. | Add +253.5% | 0.07% | +0.06 |
| TERN Terns Pharmaceuticals Inc. | Add +42.8% | 0.06% | +0.05 |
| ABT Abbott Laboratories | Add +54.5% | 0.17% | +0.05 |
| MDLN Medline Inc. Class A | New | 0.05% | +0.05 |
| IGF iShares Global Infrastructur | Add +70.7% | 0.11% | +0.05 |
| NRIX Nurix Therapeutics Inc. | Add +75.1% | 0.06% | +0.05 |
| FSLR First Solar Inc. | Add +5.3% | 0.22% | +0.05 |
| NRG NRG Energy Inc. | Add +224.5% | 0.07% | +0.05 |
| BLDR Builders Firstsource Inc. | Add +173.3% | 0.08% | +0.05 |
| ROIV Roivant Sciences Ltd. | Add +790.3% | 0.05% | +0.04 |
| JNJ Johnson & Johnson | Add +3.6% | 0.30% | +0.04 |
| AMGN Amgen Inc. | Add +5.1% | 0.21% | +0.04 |
| ALC Alcon Inc. | Add +3.4% | 0.39% | +0.04 |
| ROL Rollins Inc. | Add +194.5% | 0.06% | +0.04 |
| MAR Marriott International Class A | Add +11.3% | 0.16% | +0.04 |
Options Activity Q3 2025 → Q4 2025
| AMZN Amazon.com Inc. | call | Add +74.8% | 135,366 | $31.2M |
| META Meta Platforms Inc. Class A | call | Sold out | 14,461 | $10.6Mbefore exit |
| MSFT Microsoft Corp. | call | Reduce -80.3% | 18,149 | $8.8M |
| CNC Centene Corp. | call | New | 168,383 | $6.9M |
| TSLA Tesla Inc. | put | New | 12,954 | $5.8M |
| MELI MercadoLibre Inc. | put | New | 2,751 | $5.5M |
| AVGO Broadcom Inc. | call | Sold out | 15,949 | $5.3Mbefore exit |
| UNH Unitedhealth Group Inc. | call | Reduce -50.5% | 13,622 | $4.5M |
| OKLO Oklo Inc. | put | Sold out | 38,597 | $4.3Mbefore exit |
| FCX Freeport-McMoran Inc. | call | New | 43,934 | $2.2M |
| TSLA Tesla Inc. | call | Reduce -85.2% | 3,659 | $1.6M |
| BE Bloom Energy Corp. Class A | put | New | 15,631 | $1.4M |
| XOM Exxon Mobil Corp. | put | Sold out | 0 | $0before exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | Sold out | 1,613,000 | $1.7Mbefore 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 |