Pictet North America Advisors SA

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 25, 2024), Pictet North America Advisors SA reported 139 stock positions worth $920.9 million. Its top holding was Burford Capital (BUR) at 10.7% of the portfolio, followed by iShares MSCI Japan ETF (EWJ, 4.6%) and Microsoft (MSFT, 4.6%). Compared with Q1 2024, it opened 10 new positions, sold out of 12, added to 42 and reduced 42. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +9%) and the biggest sale iShares MSCI Japan ETF (EWJ, shares −27%).

Most Recent 13F
Q2 2026
Location
GENEVA 73, V8
CIK
0001599576
Portfolio Value
$920.9M (Q2 2024)
SEC Filing
0001599576-24-000005 ↗ filed Jul 25, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $895.6M Q1 2024 Q2 2024: $920.9M $920.9M Q2 2024 Q3 2024: $1.0B Q3 2024 Q4 2024: $1.1B Q4 2024 Q1 2025: $1.0B Q1 2025 Q2 2025: $996.5M Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.1B Q4 2025 Q1 2026: $1.0B Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 139 stocks · $920.9M
BUR Burford Capital Ltd. 10.71% 7,647,727 $98.6M No change
EWJ iShares MSCI Japan ETF 4.56% 614,862 $42.0M Reduce -26.7%
MSFT Microsoft Corp. 4.55% 94,130 $41.9M Add +14.2%
TSM Taiwan Semiconductor-SP ADR 4.15% 219,937 $38.2M Add +9.4%
GLD SPDR Gold Shares 3.44% 147,797 $31.7M Reduce -6.6%
AMZN Amazon.com Inc. 3.26% 155,423 $30.0M Add +3.5%
GOOGL Alphabet Inc. Class A 3.04% 153,546 $28.0M Add +11.1%
CP Canadian Pacific Kansas City 2.66% 306,252 $24.5M Add +22.3%
ALC Alcon Inc. filed as ALCON AG 2.18% 224,556 $20.0M Add +2.0%
UBS UBS Group AG-Reg 2.12% 662,355 $19.5M No change
META Meta Platforms Inc. Class A 2.06% 37,648 $19.0M Add +52.1%
SIHY Harbor Ares Systemt Hi YD-US 1.96% 399,225 $18.0M Add +14.7%
SONY Sony Group Corp. - SP ADR 1.88% 204,287 $17.4M Reduce -6.3%
EEM iShares MSCI Emerging Market 1.80% 389,700 $16.6M Reduce -10.8%
JPM JPMorgan Chase & Co. 1.76% 80,125 $16.2M Add +4.1%
VGIT Vanguard Intermediate-Term T 1.70% 268,629 $15.6M Reduce -31.7%
BSV Vanguard Short-Term Bond ETF 1.70% 203,575 $15.6M Reduce -31.1%
V Visa Inc. Class A 1.67% 58,554 $15.4M Reduce -4.7%
PYLD PIMCO Multisector Bond Actv 1.51% 542,176 $13.9M Reduce -26.2%
IEF iShares 7-10 Year Treasury B 1.44% 141,181 $13.2M Add +118.9%
AAPL Apple Inc. 1.39% 60,596 $12.8M Reduce -44.8%
SPGI S&P Global Inc. 1.38% 28,397 $12.7M Add +3.7%
MCD McDonald's Corp. 1.32% 47,686 $12.2M Add +81.0%
VT Vanguard Tot World STK ETF 1.30% 106,204 $12.0M Reduce -31.2%
BRK.B Berkshire Hathaway Inc. Class B 1.25% 28,385 $11.5M Add +510.4%
YUMC Yum China Holdings Inc. 1.25% 374,681 $11.5M Add +22.9%
PG The Procter & Gamble Co. 1.25% 69,745 $11.5M Add +223.9%
ICVT iShares Convertible Bond ETF 1.24% 145,208 $11.4M Add +288.5%
IXN iShares Global Tech ETF 1.19% 132,498 $11.0M Add +285.9%
UNH Unitedhealth Group Inc. 1.13% 20,356 $10.4M Reduce -41.4%
OTIS Otis Worldwide Corp. 1.11% 105,812 $10.2M Add +263.3%
DXJ Wisdomtree Japan Hedged Eq 1.09% 88,966 $10.0M New
URTH iShares MSCI World ETF 0.98% 61,227 $9.0M New
CVX Chevron Corp. 0.88% 51,734 $8.1M Add +66.8%
BRO Brown & Brown Inc. 0.86% 88,728 $7.9M New
NVO Novo-Nordisk A/S-Spons ADR 0.86% 55,217 $7.9M New
IGSB iShares 1-5Y Inv Grade Corp. 0.85% 151,941 $7.8M Reduce -6.9%
MU Micron Technology Inc. 0.84% 58,893 $7.7M Add +21.4%
XLV SS Health Care Select Sector 0.84% 53,109 $7.7M Reduce -3.6%
VWOB Vanguard Emerg MKTS Gov BND 0.83% 120,853 $7.6M Reduce -33.1%
AIRR First Trust Rba American Ind 0.79% 106,420 $7.3M New
EWQ iShares MSCI France ETF 0.76% 184,380 $7.0M Add +186.5%
MA Mastercard Inc. Class A 0.73% 15,210 $6.7M Add +21.3%
LLY Eli Lilly & Co. 0.69% 7,033 $6.4M Add +0.1%
GOOG Alphabet Inc. Class C 0.64% 32,022 $5.9M Add +0.1%
BSX Boston Scientific Corp. 0.63% 75,258 $5.8M Add +3.5%
ASML ASML Holding NV-NY Reg SHS 0.57% 5,156 $5.3M New
TMO Thermo Fisher Scientific Inc. 0.53% 8,767 $4.8M Reduce -40.4%
FAST Fastenal Co. 0.51% 74,509 $4.7M Add +23.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.51% 42,364 $4.7M Add +22.9%
GE General Electric filed as GE AEROSPACE 0.49% 28,548 $4.5M Add +26.4%
HD Home Depot Inc. 0.49% 13,166 $4.5M Add +15.4%
NVDA Nvidia Corp. 0.47% 35,209 $4.3M Reduce -2.0%
EOG EOG Resources Inc. 0.44% 32,450 $4.1M Add +19.2%
VGK Vanguard Ftse Europe ETF 0.44% 60,873 $4.1M Reduce -48.0%
ORLY O'reilly Automotive Inc. 0.42% 3,693 $3.9M Add +515.5%
EWL iShares MSCI Switzerland ETF 0.42% 79,457 $3.8M Add +162.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.41% 6,853 $3.7M Reduce -1.9%
AMD Advanced Micro Devices 0.40% 22,955 $3.7M Reduce -5.1%
UNP Union Pacific Corp. 0.39% 15,746 $3.6M Add +25.1%
INDA iShares MSCI India ETF 0.39% 63,674 $3.6M Reduce -17.3%
VCIT Vanguard Int-Term Corporate 0.37% 42,893 $3.4M Reduce -6.1%
LOGI Logitech International-Reg 0.36% 34,028 $3.3M Reduce -43.4%
IYR iShares US Real Estate ETF 0.36% 37,434 $3.3M No change
CME Cme Group Inc. 0.35% 16,162 $3.2M Reduce -49.9%
EZU iShares MSCI Eurozone ETF 0.30% 57,223 $2.8M No change
PM Philip Morris International 0.30% 27,453 $2.8M Reduce -62.7%
EWU iShares MSCI United Kingdom 0.29% 77,129 $2.7M Add +149.0%
CB Chubb Ltd. 0.28% 10,260 $2.6M Add +18.4%
VSS Vanguard Ftse All Wo X-US SC 0.26% 20,426 $2.4M Reduce -48.3%
LIN Linde PLC 0.26% 5,466 $2.4M Add +0.2%
AZN Astrazeneca PLC-Spons ADR 0.26% 30,425 $2.4M Reduce -51.5%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.25% 49,277 $2.3M Reduce -52.5%
AVGO Broadcom Inc. 0.22% 1,240 $2.0M No change
IGF iShares Global Infrastructur 0.21% 40,752 $2.0M Reduce -10.5%
ALGN Align Technology Inc. 0.21% 8,055 $1.9M Add +21.8%
ACWI iShares MSCI Acwi ETF 0.20% 16,595 $1.9M No change
DHR Danaher Corp. 0.20% 7,390 $1.8M Add +8.5%
EWT iShares MSCI Taiwan ETF 0.19% 32,409 $1.8M No change
CMG Chipotle Mexican Grill Inc. 0.18% 26,000 $1.6M No change
VNQI Vanguard GLBL Ex-US Real Est 0.18% 40,022 $1.6M No change
XLE SS Energy Select Sector 0.16% 16,507 $1.5M No change
QQQ Invesco QQQ Trust Series 1 0.15% 2,846 $1.4M No change
VWO Vanguard Ftse Emerging Marke 0.14% 28,500 $1.2M New
IEUS iShares MSCI Europe Small-Ca 0.13% 21,221 $1.2M New
QCOM Qualcomm Inc. 0.12% 5,500 $1.1M No change
BX Blackstone Inc. 0.12% 8,800 $1.1M No change
TXN Texas Instruments Inc. 0.12% 5,600 $1.1M No change
RTX RTX Corp. 0.12% 10,831 $1.1M No change
ZTS Zoetis Inc. 0.12% 6,210 $1.1M No change
PH Parker Hannifin Corp. 0.11% 2,060 $1.0M No change
DFUV Dimensional US Marketwide Va 0.11% 25,825 $1.0M No change
LEMB iShares JP Morgan Em Local C 0.10% 26,525 $945K Reduce -66.1%
AMAT Applied Materials Inc. 0.10% 3,986 $937K Add +0.7%
RSP Invesco S&P 500 Equal Weight 0.10% 5,690 $935K Reduce -3.0%
AME Ametek Inc. 0.10% 5,580 $930K No change
MRK Merck & Co. Inc. 0.10% 7,375 $913K No change
ICE Intercontinental Exchange Inc. 0.10% 6,411 $878K Reduce -58.3%
ADP Automatic Data Processing 0.09% 3,425 $818K No change
HON Honeywell International Inc. 0.08% 3,575 $763K No change
NEE Nextera Energy Inc. 0.08% 10,327 $731K Add +0.7%
XLK SS Technology Select Sector 0.08% 3,187 $721K No change
BLK BlackRock Finance Inc. 0.06% 711 $560K Reduce -85.1%
HDB HDFC Bank Ltd.-ADR 0.06% 8,464 $544K Reduce -1.1%
EIDO iShares MSCI Indonesia ETF 0.06% 27,659 $533K No change
JNJ Johnson & Johnson 0.06% 3,550 $519K No change
COST Costco Wholesale Corp. 0.06% 600 $510K No change
INCO Columbia India Consumer ETF 0.05% 7,182 $502K No change
PEP Pepsico Inc. 0.05% 2,900 $478K Reduce -89.3%
XLP SS Consumer Staples Sel Sect 0.05% 6,139 $470K Reduce -90.6%
ISRG Intuitive Surgical Inc. 0.05% 1,049 $467K Add +15.9%
IVW iShares S&P 500 Growth ETF 0.05% 4,872 $451K No change
ORCL Oracle Corp. 0.05% 3,191 $451K Reduce -87.7%
EWC iShares MSCI Canada ETF 0.04% 10,553 $391K No change
TCOM Trip.com Group Ltd.-ADR 0.04% 7,413 $348K No change
CBRE CBRE Group Inc. Class A 0.04% 3,893 $347K Reduce -15.9%
VTV Vanguard Mrngstr Val ETF-Aui 0.04% 2,133 $342K No change
SDY SS SPDR S&P Dividend ETF 0.04% 2,682 $341K No change
CNYA iShares MSCI China A ETF 0.04% 13,411 $340K Reduce -36.6%
TTE Totalenergies SE -Spon ADR 0.04% 5,046 $336K Reduce -91.7%
CSCO Cisco Systems Inc. 0.04% 7,074 $335K No change
BIDU Baidu Inc. - Spon ADR 0.03% 3,605 $312K No change
CTAS Cintas Corp. 0.03% 445 $312K No change
ADBE Adobe Inc. 0.03% 560 $311K No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.03% 3,176 $302K Add +1.8%
THD iShares MSCI Thailand ETF 0.03% 5,488 $298K No change
VNM Vaneck Vietnam ETF 0.03% 24,178 $294K No change
EWA iShares MSCI Australia ETF 0.03% 11,741 $287K No change
EWG iShares MSCI Germany ETF 0.03% 8,380 $257K Reduce -46.1%
VB Vanguard Most SM-Cap ETF-Usd 0.03% 1,104 $241K Reduce -83.1%
CG The Carlyle Group Inc. 0.03% 5,950 $239K No change
IYJ iShares U.S. Industrials ETF 0.02% 1,891 $226K No change
XLF SS Financial Select Sector 0.02% 5,467 $225K No change
AN Autonation Inc. 0.02% 1,320 $210K No change
IWM iShares Russell 2000 ETF 0.02% 1,036 $210K No change
DEO Diageo PLC-Sponsored ADR 0.02% 1,653 $208K Reduce -32.6%
WMT Walmart Inc. 0.02% 3,000 $203K New
ROP Roper Technologies Inc. 0.02% 360 $203K No change
OEF iShares S&P 100 ETF 0.02% 765 $202K New

Portfolio Sells Q1 2024 → Q2 2024
EWJ iShares MSCI Japan ETF Reduce -26.7% 4.56% −2.13
VGIT Vanguard Intermediate-Term T Reduce -31.7% 1.70% −0.87
BSV Vanguard Short-Term Bond ETF Reduce -31.1% 1.70% −0.84
UNH Unitedhealth Group Inc. Reduce -41.4% 1.13% −0.79
AAPL Apple Inc. Reduce -44.8% 1.39% −0.72
VT Vanguard Tot World STK ETF Reduce -31.2% 1.30% −0.61
PYLD PIMCO Multisector Bond Actv Reduce -26.2% 1.51% −0.60
XLP SS Consumer Staples Sel Sect Reduce -90.6% 0.05% −0.51
PEP Pepsico Inc. Reduce -89.3% 0.05% −0.48
VWOB Vanguard Emerg MKTS Gov BND Reduce -33.1% 0.83% −0.46
PM Philip Morris International Reduce -62.7% 0.30% −0.45
VGK Vanguard Ftse Europe ETF Reduce -48.0% 0.44% −0.44
CME Cme Group Inc. Reduce -49.9% 0.35% −0.43
TTE Totalenergies SE -Spon ADR Reduce -91.7% 0.04% −0.43
TMO Thermo Fisher Scientific Inc. Reduce -40.4% 0.53% −0.43
BLK BlackRock Finance Inc. Reduce -85.1% 0.06% −0.38
SLB SLB Ltd. Reduce -52.5% 0.25% −0.38
ORCL Oracle Corp. Reduce -87.7% 0.05% −0.32
AWK American Water Works Co. Inc. Sold out 0.00% −0.30
VSS Vanguard Ftse All Wo X-US SC Reduce -48.3% 0.26% −0.26
V Visa Inc. Class A Reduce -4.7% 1.67% −0.25
LOGI Logitech International-Reg Reduce -43.4% 0.36% −0.24
AZN Astrazeneca PLC-Spons ADR Reduce -51.5% 0.26% −0.22
LEMB iShares JP Morgan Em Local C Reduce -66.1% 0.10% −0.21
SONY Sony Group Corp. - SP ADR Reduce -6.3% 1.88% −0.20
EEM iShares MSCI Emerging Market Reduce -10.8% 1.80% −0.20
GLD SPDR Gold Shares Reduce -6.6% 3.44% −0.18
ABBV Abbvie Inc. Sold out 0.00% −0.16
ICE Intercontinental Exchange Inc. Reduce -58.3% 0.10% −0.14
VB Vanguard Most SM-Cap ETF-Usd Reduce -83.1% 0.03% −0.14
ROK Rockwell Automation Inc. Sold out 0.00% −0.11
MDLZ Mondelez International Inc. Class A Sold out 0.00% −0.10
NKE Nike Inc. Class B Sold out 0.00% −0.09
IGSB iShares 1-5Y Inv Grade Corp. Reduce -6.9% 0.85% −0.09
AMD Advanced Micro Devices Reduce -5.1% 0.40% −0.08
XLV SS Health Care Select Sector Reduce -3.6% 0.84% −0.07
INDA iShares MSCI India ETF Reduce -17.3% 0.39% −0.06
TSLA Tesla Inc. Sold out 0.00% −0.05
VCSH Vanguard S/T Corp. Bond ETF Sold out 0.00% −0.04
KMB Kimberly-Clark Corp. Sold out 0.00% −0.04
INTC Intel Corp. Sold out 0.00% −0.04
VCIT Vanguard Int-Term Corporate Reduce -6.1% 0.37% −0.04
IGF iShares Global Infrastructur Reduce -10.5% 0.21% −0.03
EWG iShares MSCI Germany ETF Reduce -46.1% 0.03% −0.03
SMMU PIMCO SHRT TRM Muni BND ETF Sold out 0.00% −0.03
CNYA iShares MSCI China A ETF Reduce -36.6% 0.04% −0.02
DE Deere & Co. Sold out 0.00% −0.02
PFE Pfizer Inc. Sold out 0.00% −0.02
DEO Diageo PLC-Sponsored ADR Reduce -32.6% 0.02% −0.02
CBRE CBRE Group Inc. Class A Reduce -15.9% 0.04% −0.01

Portfolio Buys Q1 2024 → Q2 2024
TSM Taiwan Semiconductor-SP ADR Add +9.4% 4.15% +1.10
DXJ Wisdomtree Japan Hedged Eq New 1.09% +1.09
BRK.B Berkshire Hathaway Inc. Class B Add +510.4% 1.25% +1.04
URTH iShares MSCI World ETF New 0.98% +0.98
ICVT iShares Convertible Bond ETF Add +288.5% 1.24% +0.91
IXN iShares Global Tech ETF Add +285.9% 1.19% +0.90
BRO Brown & Brown Inc. New 0.86% +0.86
PG The Procter & Gamble Co. Add +223.9% 1.25% +0.86
NVO Novo-Nordisk A/S-Spons ADR New 0.86% +0.86
AIRR First Trust Rba American Ind New 0.79% +0.79
OTIS Otis Worldwide Corp. Add +263.3% 1.11% +0.78
IEF iShares 7-10 Year Treasury B Add +118.9% 1.44% +0.75
META Meta Platforms Inc. Class A Add +52.1% 2.06% +0.72
GOOGL Alphabet Inc. Class A Add +11.1% 3.04% +0.71
MSFT Microsoft Corp. Add +14.2% 4.55% +0.70
ASML ASML Holding NV-NY Reg SHS New 0.57% +0.57
MCD McDonald's Corp. Add +81.0% 1.32% +0.49
EWQ iShares MSCI France ETF Add +186.5% 0.76% +0.46
ORLY O'reilly Automotive Inc. Add +515.5% 0.42% +0.35
CVX Chevron Corp. Add +66.8% 0.88% +0.33
EWL iShares MSCI Switzerland ETF Add +162.5% 0.42% +0.26
AMZN Amazon.com Inc. Add +3.5% 3.26% +0.24
MU Micron Technology Inc. Add +21.4% 0.84% +0.20
SIHY Harbor Ares Systemt Hi YD-US Add +14.7% 1.96% +0.19
CP Canadian Pacific Kansas City Add +22.3% 2.66% +0.18
EWU iShares MSCI United Kingdom Add +149.0% 0.29% +0.17
ALC Alcon Inc. Add +2.0% 2.18% +0.14
VWO Vanguard Ftse Emerging Marke New 0.14% +0.14
IEUS iShares MSCI Europe Small-Ca New 0.13% +0.13
GE General Electric Add +26.4% 0.49% +0.12
TJX TJX Companies Inc. Add +22.9% 0.51% +0.12
GOOG Alphabet Inc. Class C Add +0.1% 0.64% +0.09
LLY Eli Lilly & Co. Add +0.1% 0.69% +0.08
SPGI S&P Global Inc. Add +3.7% 1.38% +0.07
BSX Boston Scientific Corp. Add +3.5% 0.63% +0.07
EOG EOG Resources Inc. Add +19.2% 0.44% +0.06
MA Mastercard Inc. Class A Add +21.3% 0.73% +0.05
UNP Union Pacific Corp. Add +25.1% 0.39% +0.04
JPM JPMorgan Chase & Co. Add +4.1% 1.76% +0.04
CB Chubb Ltd. Add +18.4% 0.28% +0.03
WMT Walmart Inc. New 0.02% +0.02
OEF iShares S&P 100 ETF New 0.02% +0.02
AMAT Applied Materials Inc. Add +0.7% 0.10% +0.01
DHR Danaher Corp. Add +8.5% 0.20% +0.01
ISRG Intuitive Surgical Inc. Add +15.9% 0.05% +0.01
NEE Nextera Energy Inc. Add +0.7% 0.08% +0.01
HD Home Depot Inc. Add +15.4% 0.49% +0.00
IFF Intl Flavors & Fragrances Add +1.8% 0.03% +0.00
FAST Fastenal Co. Add +23.5% 0.51% −0.01
LIN Linde PLC Add +0.2% 0.26% −0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 154$1.1BTSM, GLD, GOOGL, AZN, MSFT
Q1 2026 154$1.0BGLD, TSM, AZN, GOOGL, SONY
Q4 2025 152$1.1BBUR, GLD, TSM, GOOGL, MSFT
Q3 2025 144$1.1BBUR, GLD, TSM, SIHY, MSFT
Q2 2025 144$996.5MBUR, GLD, MSFT, SIHY, TSM
Q1 2025 140$1.0BBUR, GLD, EWJ, SIHY, MSFT
Q4 2024 146$1.1BBUR, EWJ, TSM, MSFT, AMZN
Q3 2024 142$1.0BBUR, EWJ, MSFT, IEF, TSM
Q2 2024 139$920.9MBUR, EWJ, MSFT, TSM, GLD
Q1 2024 141$895.6MBUR, EWJ, MSFT, GLD, TSM