Pictet North America Advisors SA

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 30, 2025), Pictet North America Advisors SA reported 146 stock positions worth $1.1 billion. Its top holding was Burford Capital (BUR) at 9.4% of the portfolio, followed by iShares MSCI Japan ETF (EWJ, 5.6%) and Taiwan Semiconductor-SP ADR (TSM, 4.2%). Compared with Q3 2024, it opened 8 new positions, sold out of 4, added to 50 and reduced 32. The biggest buy was a new position in iShares MBS ETF (MBB) and the biggest sale iShares 7-10 Year Treasury B (IEF, shares −99%).

Most Recent 13F
Q2 2026
Location
GENEVA 73, V8
CIK
0001599576
Portfolio Value
$1.1B (Q4 2024)
SEC Filing
0001599576-25-000002 ↗ filed Jan 30, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $895.6M Q1 2024 Q2 2024: $920.9M Q2 2024 Q3 2024: $1.0B Q3 2024 Q4 2024: $1.1B $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 146 stocks · $1.1B
BUR Burford Capital Ltd. 9.42% 7,647,727 $99.1M No change
EWJ iShares MSCI Japan ETF 5.64% 884,361 $59.3M Add +19.3%
TSM Taiwan Semiconductor-SP ADR 4.21% 224,172 $44.3M Add +0.5%
MSFT Microsoft Corp. 3.69% 92,592 $38.9M Reduce -2.2%
AMZN Amazon.com Inc. 3.28% 157,328 $34.5M Add +0.5%
GLD SPDR Gold Shares 2.90% 126,524 $30.5M Add +0.1%
SIHY Harbor Ares Systemt Hi YD-US 2.81% 647,720 $29.5M Add +62.6%
GOOGL Alphabet Inc. Class A 2.80% 155,342 $29.4M Add +0.4%
YUMC Yum China Holdings Inc. 2.50% 547,630 $26.3M Add +7.9%
SONY Sony Group Corp. - SP ADR 2.13% 1,057,404 $22.4M Reduce -13.3%
PYLD PIMCO Multisector Bond Actv 2.11% 858,255 $22.2M Add +68.5%
META Meta Platforms Inc. Class A 1.98% 35,557 $20.8M Reduce -7.0%
ALC Alcon Inc. filed as ALCON AG 1.91% 237,405 $20.1M Add +4.4%
AIRR First Trust Rba American Ind 1.91% 260,420 $20.1M Add +56.7%
V Visa Inc. Class A 1.88% 62,683 $19.8M Add +5.6%
ICVT iShares Convertible Bond ETF 1.85% 229,300 $19.5M Add +55.6%
JPM JPMorgan Chase & Co. 1.69% 74,135 $17.8M Reduce -8.5%
EWQ iShares MSCI France ETF 1.51% 442,230 $15.9M Add +138.5%
AAPL Apple Inc. 1.43% 59,911 $15.0M Reduce -0.2%
BRK.B Berkshire Hathaway Inc. Class B 1.40% 32,578 $14.8M Add +13.6%
EEM iShares MSCI Emerging Market 1.40% 352,527 $14.7M Reduce -7.3%
SPGI S&P Global Inc. 1.29% 27,236 $13.6M Reduce -5.2%
CP Canadian Pacific Kansas City 1.28% 185,527 $13.4M Reduce -40.7%
MCD McDonald's Corp. 1.20% 43,659 $12.7M Reduce -9.3%
VT Vanguard Tot World STK ETF 1.11% 99,648 $11.7M Reduce -5.7%
UBS UBS Group AG-Reg 1.11% 382,355 $11.7M Reduce -33.2%
URTH iShares MSCI World ETF 1.10% 74,612 $11.6M Add +19.5%
MBB iShares MBS ETF 1.10% 126,186 $11.6M New
VGIT Vanguard Intermediate-Term T 1.09% 197,216 $11.4M Reduce -23.2%
JMBS Janus Henderson Mortg Backed 1.08% 257,793 $11.4M New
EWU iShares MSCI United Kingdom 1.05% 326,221 $11.1M Add +288.4%
EWC iShares MSCI Canada ETF 1.00% 261,150 $10.5M Add +2374.7%
ACWI iShares MSCI Acwi ETF 0.98% 88,031 $10.3M Add +430.5%
UNH Unitedhealth Group Inc. 0.94% 19,517 $9.9M Add +0.7%
ADP Automatic Data Processing 0.90% 32,424 $9.5M Add +122.9%
BRO Brown & Brown Inc. 0.90% 92,922 $9.5M Add +3.0%
IGSB iShares 1-5Y Inv Grade Corp. 0.89% 181,295 $9.4M Add +27.0%
EWL iShares MSCI Switzerland ETF 0.89% 202,738 $9.3M Add +170.0%
ORLY O'reilly Automotive Inc. 0.85% 7,549 $9.0M Add +101.7%
OTIS Otis Worldwide Corp. 0.85% 96,608 $8.9M Reduce -9.7%
HES Hess Corp. 0.84% 66,714 $8.9M Reduce -16.5%
MA Mastercard Inc. Class A 0.79% 15,823 $8.3M Add +2.2%
EDEN iShares MSCI Denmark ETF 0.75% 74,600 $7.9M New
VCIT Vanguard Int-Term Corporate 0.70% 91,536 $7.3M Add +110.3%
BSX Boston Scientific Corp. 0.66% 78,127 $7.0M Add +2.4%
AZN Astrazeneca PLC-Spons ADR 0.60% 95,562 $6.3M Add +214.1%
GOOG Alphabet Inc. Class C 0.58% 31,912 $6.1M No change
KWEB Kranesh Csi China Internet 0.57% 206,000 $6.0M New
EWH iShares MSCI Hong Kong ETF 0.55% 350,185 $5.8M New
NVDA Nvidia Corp. 0.55% 43,007 $5.8M Add +6.0%
GE General Electric filed as GE AEROSPACE 0.55% 34,528 $5.8M Add +2.5%
FAST Fastenal Co. 0.53% 77,419 $5.6M Add +2.4%
LLY Eli Lilly & Co. 0.52% 7,046 $5.4M No change
ASML ASML Holding NV-NY Reg SHS 0.51% 7,674 $5.3M Add +29.4%
HD Home Depot Inc. 0.51% 13,666 $5.3M Add +1.8%
PG The Procter & Gamble Co. 0.48% 30,283 $5.1M Reduce -56.9%
MU Micron Technology Inc. 0.46% 57,591 $4.8M Reduce -3.5%
NVO Novo-Nordisk A/S-Spons ADR 0.46% 56,124 $4.8M Add +1.5%
TMO Thermo Fisher Scientific Inc. 0.44% 8,812 $4.6M Add +0.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.39% 6,964 $4.1M Reduce -1.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.38% 32,794 $4.0M Add +2.2%
CME Cme Group Inc. 0.36% 16,521 $3.8M Add +1.8%
EWN iShares MSCI Netherlands ETF 0.35% 81,844 $3.6M New
IYR iShares US Real Estate ETF 0.33% 37,434 $3.5M No change
UNP Union Pacific Corp. 0.33% 15,239 $3.5M Reduce -4.6%
PM Philip Morris International 0.32% 27,982 $3.4M Add +2.1%
AMD Advanced Micro Devices 0.32% 27,604 $3.3M Add +1.2%
CRM Salesforce Inc. 0.32% 9,949 $3.3M Add +2.1%
VWOB Vanguard Emerg MKTS Gov BND 0.31% 51,560 $3.3M Reduce -60.9%
INDA iShares MSCI India ETF 0.30% 59,828 $3.2M Reduce -4.9%
LOGI Logitech International-Reg 0.30% 37,649 $3.1M Add +8.0%
ADBE Adobe Inc. 0.29% 6,914 $3.1M Add +37.4%
AVGO Broadcom Inc. 0.29% 13,111 $3.0M Add +0.8%
VWO Vanguard Ftse Emerging Marke 0.29% 68,589 $3.0M Add +114.3%
CB Chubb Ltd. 0.28% 10,834 $3.0M Add +2.3%
DHR Danaher Corp. 0.27% 12,169 $2.8M Add +64.1%
VGK Vanguard Ftse Europe ETF 0.26% 43,516 $2.8M Reduce -27.1%
EZU iShares MSCI Eurozone ETF 0.26% 57,223 $2.7M No change
EWA iShares MSCI Australia ETF 0.23% 101,741 $2.4M Add +766.5%
LIN Linde PLC 0.22% 5,483 $2.3M No change
IXN iShares Global Tech ETF 0.20% 25,300 $2.1M Reduce -80.9%
VSS Vanguard Ftse All Wo X-US SC 0.20% 18,221 $2.1M Reduce -1.9%
QQQ Invesco QQQ Trust Series 1 0.19% 3,846 $2.0M No change
XLV SS Health Care Select Sector 0.19% 14,231 $2.0M Reduce -73.3%
IGF iShares Global Infrastructur 0.18% 35,452 $1.9M Reduce -13.0%
EWT iShares MSCI Taiwan ETF 0.16% 32,409 $1.7M No change
VNQI Vanguard GLBL Ex-US Real Est 0.15% 40,022 $1.6M No change
CMG Chipotle Mexican Grill Inc. 0.15% 26,000 $1.6M No change
BX Blackstone Inc. 0.14% 8,800 $1.5M No change
XLE SS Energy Select Sector 0.13% 16,507 $1.4M No change
PH Parker Hannifin Corp. 0.12% 2,060 $1.3M No change
RTX RTX Corp. 0.11% 10,331 $1.2M No change
LEMB iShares JP Morgan Em Local C 0.11% 32,592 $1.2M Add +20.6%
DFUV Dimensional US Marketwide Va 0.10% 25,825 $1.1M No change
TXN Texas Instruments Inc. 0.10% 5,600 $1.1M No change
ZTS Zoetis Inc. 0.10% 6,210 $1.0M No change
RSP Invesco S&P 500 Equal Weight 0.09% 5,690 $997K No change
EWY iShares MSCI South Korea ETF 0.09% 19,265 $980K New
QCOM Qualcomm Inc. 0.08% 5,500 $845K No change
HON Honeywell International Inc. 0.08% 3,575 $808K No change
IEUS iShares MSCI Europe Small-Ca 0.08% 14,970 $803K Reduce -29.5%
NEE Nextera Energy Inc. 0.07% 10,894 $781K Reduce -3.2%
BLK BlackRock Inc. 0.07% 760 $779K No change
MRK Merck & Co. Inc. 0.07% 7,529 $749K No change
XLK SS Technology Select Sector 0.07% 3,187 $741K No change
ICE Intercontinental Exchange Inc. 0.07% 4,899 $730K Reduce -33.0%
XLF SS Financial Select Sector 0.06% 13,964 $675K Add +155.4%
AMAT Applied Materials Inc. 0.06% 4,033 $653K No change
JNJ Johnson & Johnson 0.06% 4,295 $621K No change
COST Costco Wholesale Corp. 0.06% 637 $584K No change
ISRG Intuitive Surgical Inc. 0.05% 1,049 $548K No change
HDB HDFC Bank Ltd.-ADR 0.05% 8,464 $541K No change
ORCL Oracle Corp. 0.05% 3,191 $532K No change
EIDO iShares MSCI Indonesia ETF 0.05% 27,659 $511K No change
TCOM Trip.com Group Ltd.-ADR 0.05% 7,413 $509K No change
IVW iShares S&P 500 Growth ETF 0.05% 4,872 $495K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.05% 12,847 $493K Reduce -73.0%
XLP SS Consumer Staples Sel Sect 0.05% 6,139 $483K No change
INCO Columbia India Consumer ETF 0.04% 7,182 $463K No change
CSCO Cisco Systems Inc. 0.04% 7,151 $421K No change
PEP Pepsico Inc. 0.04% 2,600 $395K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 2,133 $361K No change
SDY SS SPDR S&P Dividend ETF 0.03% 2,682 $354K No change
FXI iShares China Large-Cap ETF 0.03% 11,059 $337K New
THD iShares MSCI Thailand ETF 0.03% 5,488 $332K No change
CTAS Cintas Corp. 0.03% 1,780 $325K No change
IEF iShares 7-10 Year Treasury B 0.03% 3,492 $323K Reduce -99.1%
AME Ametek Inc. 0.03% 1,700 $306K No change
BIDU Baidu Inc. - Spon ADR 0.03% 3,605 $304K No change
CG The Carlyle Group Inc. 0.03% 5,950 $300K No change
VNM Vaneck Vietnam ETF 0.03% 24,178 $278K No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.03% 3,275 $277K No change
VB Vanguard Most SM-Cap ETF-Usd 0.03% 1,149 $276K Add +4.1%
WMT Walmart Inc. 0.03% 3,000 $271K No change
EWG iShares MSCI Germany ETF 0.03% 8,380 $267K No change
IYJ iShares U.S. Industrials ETF 0.02% 1,891 $252K No change
IWM iShares Russell 2000 ETF 0.02% 1,036 $229K No change
AN Autonation Inc. 0.02% 1,320 $224K No change
OEF iShares S&P 100 ETF 0.02% 765 $221K No change
TTE Totalenergies SE -Spon ADR 0.02% 3,985 $217K Reduce -21.0%
CQQQ Invesco China Technology ETF 0.02% 5,462 $215K No change
DE Deere & Co. 0.02% 500 $212K No change
DEO Diageo PLC-Sponsored ADR 0.02% 1,653 $210K No change
ROP Roper Technologies Inc. 0.02% 401 $208K No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.02% 2,746 $208K No change
CNYA iShares MSCI China A ETF 0.02% 7,419 $207K Reduce -40.0%

Portfolio Sells Q3 2024 → Q4 2024
IEF iShares 7-10 Year Treasury B Reduce -99.1% 0.03% −3.82
BSV Vanguard Short-Term Bond ETF Sold out 0.00% −1.50
CP Canadian Pacific Kansas City Reduce -40.7% 1.28% −1.38
IXN iShares Global Tech ETF Reduce -80.9% 0.20% −0.88
PG The Procter & Gamble Co. Reduce -56.9% 0.48% −0.72
UBS UBS Group AG-Reg Reduce -33.2% 1.11% −0.64
XLV SS Health Care Select Sector Reduce -73.3% 0.19% −0.63
VWOB Vanguard Emerg MKTS Gov BND Reduce -60.9% 0.31% −0.56
VGIT Vanguard Intermediate-Term T Reduce -23.2% 1.09% −0.45
MSFT Microsoft Corp. Reduce -2.2% 3.69% −0.33
EEM iShares MSCI Emerging Market Reduce -7.3% 1.40% −0.32
OTIS Otis Worldwide Corp. Reduce -9.7% 0.85% −0.25
MCD McDonald's Corp. Reduce -9.3% 1.20% −0.25
HES Hess Corp. Reduce -16.5% 0.84% −0.23
SONY Sony Group Corp. - SP ADR Reduce -13.3% 2.13% −0.21
ALGN Align Technology Inc. Sold out 0.00% −0.20
META Meta Platforms Inc. Class A Reduce -7.0% 1.98% −0.19
SPGI S&P Global Inc. Reduce -5.2% 1.29% −0.18
VGK Vanguard Ftse Europe ETF Reduce -27.1% 0.26% −0.16
MU Micron Technology Inc. Reduce -3.5% 0.46% −0.15
SLB SLB Ltd. Reduce -73.0% 0.05% −0.15
VT Vanguard Tot World STK ETF Reduce -5.7% 1.11% −0.14
INDA iShares MSCI India ETF Reduce -4.9% 0.30% −0.06
UNP Union Pacific Corp. Reduce -4.6% 0.33% −0.06
IEUS iShares MSCI Europe Small-Ca Reduce -29.5% 0.08% −0.05
CBRE CBRE Group Inc. Class A Sold out 0.00% −0.05
ICE Intercontinental Exchange Inc. Reduce -33.0% 0.07% −0.05
IGF iShares Global Infrastructur Reduce -13.0% 0.18% −0.04
VSS Vanguard Ftse All Wo X-US SC Reduce -1.9% 0.20% −0.03
CVX Chevron Corp. Sold out 0.00% −0.02
NEE Nextera Energy Inc. Reduce -3.2% 0.07% −0.02
CNYA iShares MSCI China A ETF Reduce -40.0% 0.02% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.3% 0.39% −0.01
TTE Totalenergies SE -Spon ADR Reduce -21.0% 0.02% −0.01
JPM JPMorgan Chase & Co. Reduce -8.5% 1.69% −0.00
AAPL Apple Inc. Reduce -0.2% 1.43% +0.04

Portfolio Buys Q3 2024 → Q4 2024
MBB iShares MBS ETF New 1.10% +1.10
JMBS Janus Henderson Mortg Backed New 1.08% +1.08
SIHY Harbor Ares Systemt Hi YD-US Add +62.6% 2.81% +0.97
EWC iShares MSCI Canada ETF Add +2374.7% 1.00% +0.96
ACWI iShares MSCI Acwi ETF Add +430.5% 0.98% +0.79
PYLD PIMCO Multisector Bond Actv Add +68.5% 2.11% +0.77
EWQ iShares MSCI France ETF Add +138.5% 1.51% +0.77
EDEN iShares MSCI Denmark ETF New 0.75% +0.75
EWU iShares MSCI United Kingdom Add +288.4% 1.05% +0.74
AIRR First Trust Rba American Ind Add +56.7% 1.91% +0.68
ICVT iShares Convertible Bond ETF Add +55.6% 1.85% +0.63
KWEB Kranesh Csi China Internet New 0.57% +0.57
EWH iShares MSCI Hong Kong ETF New 0.55% +0.55
ADP Automatic Data Processing Add +122.9% 0.90% +0.50
EWL iShares MSCI Switzerland ETF Add +170.0% 0.89% +0.50
ORLY O'reilly Automotive Inc. Add +101.7% 0.85% +0.42
AMZN Amazon.com Inc. Add +0.5% 3.28% +0.39
EWJ iShares MSCI Japan ETF Add +19.3% 5.64% +0.39
TSM Taiwan Semiconductor-SP ADR Add +0.5% 4.21% +0.37
AZN Astrazeneca PLC-Spons ADR Add +214.1% 0.60% +0.36
EWN iShares MSCI Netherlands ETF New 0.35% +0.35
VCIT Vanguard Int-Term Corporate Add +110.3% 0.70% +0.34
V Visa Inc. Class A Add +5.6% 1.88% +0.27
GOOGL Alphabet Inc. Class A Add +0.4% 2.80% +0.26
YUMC Yum China Holdings Inc. Add +7.9% 2.50% +0.24
EWA iShares MSCI Australia ETF Add +766.5% 0.23% +0.20
IGSB iShares 1-5Y Inv Grade Corp. Add +27.0% 0.89% +0.15
VWO Vanguard Ftse Emerging Marke Add +114.3% 0.29% +0.14
URTH iShares MSCI World ETF Add +19.5% 1.10% +0.13
BRK.B Berkshire Hathaway Inc. Class B Add +13.6% 1.40% +0.10
EWY iShares MSCI South Korea ETF New 0.09% +0.09
AVGO Broadcom Inc. Add +0.8% 0.29% +0.07
DHR Danaher Corp. Add +64.1% 0.27% +0.06
NVDA Nvidia Corp. Add +6.0% 0.55% +0.06
CRM Salesforce Inc. Add +2.1% 0.32% +0.05
XLF SS Financial Select Sector Add +155.4% 0.06% +0.04
MA Mastercard Inc. Class A Add +2.2% 0.79% +0.04
ADBE Adobe Inc. Add +37.4% 0.29% +0.03
FXI iShares China Large-Cap ETF New 0.03% +0.03
BSX Boston Scientific Corp. Add +2.4% 0.66% +0.03
ASML ASML Holding NV-NY Reg SHS Add +29.4% 0.51% +0.02
CME Cme Group Inc. Add +1.8% 0.36% +0.01
LEMB iShares JP Morgan Em Local C Add +20.6% 0.11% +0.01
TJX TJX Companies Inc. Add +2.2% 0.38% +0.00
VB Vanguard Most SM-Cap ETF-Usd Add +4.1% 0.03% +0.00
FAST Fastenal Co. Add +2.4% 0.53% −0.01
PM Philip Morris International Add +2.1% 0.32% −0.01
LOGI Logitech International-Reg Add +8.0% 0.30% −0.01
CB Chubb Ltd. Add +2.3% 0.28% −0.02
BRO Brown & Brown Inc. Add +3.0% 0.90% −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