Pictet North America Advisors SA
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 28, 2025), Pictet North America Advisors SA reported 140 stock positions worth $1.0 billion. Its top holding was Burford Capital (BUR) at 10.1% of the portfolio, followed by SPDR Gold Shares (GLD, 3.9%) and iShares MSCI Japan ETF (EWJ, 3.8%). Compared with Q4 2024, it opened 5 new positions, sold out of 11, added to 45 and reduced 44. The biggest buy was a new position in Janus Henderson Aaa Clo ETF (JAAA) and the biggest sale iShares MSCI Japan ETF (EWJ, shares −37%).
- Most Recent 13F
- Q2 2026
- Location
- GENEVA 73, V8
- CIK
- 0001599576
- Portfolio Value
- $1.0B (Q1 2025)
- SEC Filing
- 0001599576-25-000005 ↗ filed Apr 28, 2025
Holdings Value
Holdings 140 stocks · $1.0B
| BUR Burford Capital Ltd. | 10.08% | 7,647,727 | $100.9M | No change |
| GLD SPDR Gold Shares | 3.90% | 136,175 | $39.1M | Add +7.6% |
| EWJ iShares MSCI Japan ETF | 3.85% | 561,455 | $38.5M | Reduce -36.5% |
| SIHY Harbor Ares Systemt Hi YD-US | 3.68% | 824,365 | $36.8M | Add +27.3% |
| MSFT Microsoft Corp. | 3.42% | 91,664 | $34.3M | Reduce -1.0% |
| SONY Sony Group Corp. - SP ADR | 3.34% | 1,315,537 | $33.4M | Add +24.4% |
| AMZN Amazon.com Inc. | 2.94% | 154,856 | $29.5M | Reduce -1.6% |
| JAAA Janus Henderson Aaa Clo ETF | 2.90% | 573,255 | $29.1M | New |
| YUMC Yum China Holdings Inc. | 2.75% | 530,152 | $27.5M | Reduce -3.2% |
| TSM Taiwan Semiconductor-SP ADR | 2.65% | 159,969 | $26.6M | Reduce -28.6% |
| CP Canadian Pacific Kansas City | 2.45% | 349,537 | $24.5M | Add +88.4% |
| GOOGL Alphabet Inc. Class A | 2.38% | 154,219 | $23.8M | Reduce -0.7% |
| ALC Alcon Inc. filed as ALCON AG | 2.31% | 245,480 | $23.1M | Add +3.4% |
| V Visa Inc. Class A | 2.25% | 64,142 | $22.5M | Add +2.3% |
| ICVT iShares Convertible Bond ETF | 2.14% | 255,794 | $21.4M | Add +11.6% |
| META Meta Platforms Inc. Class A | 2.11% | 36,643 | $21.1M | Add +3.0% |
| JPM JPMorgan Chase & Co. | 1.90% | 77,421 | $19.0M | Add +4.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.83% | 34,353 | $18.3M | Add +5.5% |
| AIRR First Trust Rba American Ind | 1.73% | 253,251 | $17.3M | Reduce -2.8% |
| SPGI S&P Global Inc. | 1.44% | 28,403 | $14.4M | Add +4.3% |
| MCD McDonald's Corp. | 1.35% | 43,132 | $13.5M | Reduce -1.2% |
| URTH iShares MSCI World ETF | 1.32% | 86,417 | $13.2M | Add +15.8% |
| AAPL Apple Inc. | 1.31% | 59,114 | $13.1M | Reduce -1.3% |
| JBBB Janus Henderson B-BBB Clo Et | 1.31% | 268,536 | $13.1M | New |
| BRO Brown & Brown Inc. | 1.24% | 100,094 | $12.5M | Add +7.7% |
| ORLY O'reilly Automotive Inc. | 1.18% | 8,275 | $11.9M | Add +9.6% |
| UBS UBS Group AG-Reg | 1.16% | 382,355 | $11.6M | No change |
| EEM iShares MSCI Emerging Market | 1.15% | 262,858 | $11.5M | Reduce -25.4% |
| HES Hess Corp. | 1.11% | 69,754 | $11.1M | Add +4.6% |
| ADP Automatic Data Processing | 1.11% | 36,241 | $11.1M | Add +11.8% |
| PYLD PIMCO Multisector Bond Actv | 1.10% | 417,840 | $11.0M | Reduce -51.3% |
| OTIS Otis Worldwide Corp. | 1.07% | 104,164 | $10.7M | Add +7.8% |
| VT Vanguard Tot World STK ETF | 1.06% | 91,505 | $10.6M | Reduce -8.2% |
| UNH Unitedhealth Group Inc. | 0.98% | 18,680 | $9.8M | Reduce -4.3% |
| JMBS Janus Henderson Mortg Backed | 0.86% | 189,758 | $8.6M | Reduce -26.4% |
| MBB iShares MBS ETF | 0.83% | 88,198 | $8.3M | Reduce -30.1% |
| MA Mastercard Inc. Class A | 0.76% | 13,897 | $7.6M | Reduce -12.2% |
| AZN Astrazeneca PLC-Spons ADR | 0.72% | 97,993 | $7.2M | Add +2.5% |
| GE General Electric filed as GE AEROSPACE | 0.72% | 35,769 | $7.2M | Add +3.6% |
| FXI iShares China Large-Cap ETF | 0.70% | 196,300 | $7.0M | Add +1675.0% |
| BSX Boston Scientific Corp. | 0.70% | 69,298 | $7.0M | Reduce -11.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.69% | 30,980 | $6.9M | Add +2596.3% |
| FAST Fastenal Co. | 0.59% | 75,705 | $5.9M | Reduce -2.2% |
| LLY Eli Lilly & Co. | 0.58% | 7,051 | $5.8M | Add +0.1% |
| EWU iShares MSCI United Kingdom | 0.57% | 151,201 | $5.7M | Reduce -53.6% |
| PG The Procter & Gamble Co. | 0.54% | 31,709 | $5.4M | Add +4.7% |
| ACWI iShares MSCI Acwi ETF | 0.53% | 45,475 | $5.3M | Reduce -48.3% |
| MU Micron Technology Inc. | 0.52% | 60,007 | $5.2M | Add +4.2% |
| HD Home Depot Inc. | 0.51% | 13,987 | $5.1M | Add +2.4% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.50% | 72,154 | $5.0M | Add +28.6% |
| GOOG Alphabet Inc. Class C | 0.50% | 31,934 | $5.0M | Add +0.1% |
| EWQ iShares MSCI France ETF | 0.49% | 123,873 | $4.9M | Reduce -72.0% |
| NVDA Nvidia Corp. | 0.49% | 44,988 | $4.9M | Add +4.6% |
| ASML ASML Holding NV-NY Reg SHS | 0.48% | 7,302 | $4.8M | Reduce -4.8% |
| PM Philip Morris International | 0.45% | 28,211 | $4.5M | Add +0.8% |
| TMO Thermo Fisher Scientific Inc. | 0.45% | 8,989 | $4.5M | Add +2.0% |
| CME Cme Group Inc. | 0.44% | 16,577 | $4.4M | Add +0.3% |
| VWO Vanguard Ftse Emerging Marke | 0.43% | 95,771 | $4.3M | Add +39.6% |
| AVGO Broadcom Inc. | 0.42% | 24,857 | $4.2M | Add +89.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.41% | 33,756 | $4.1M | Add +2.9% |
| UNP Union Pacific Corp. | 0.40% | 16,928 | $4.0M | Add +11.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.38% | 6,847 | $3.8M | Reduce -1.7% |
| IYR iShares US Real Estate ETF | 0.36% | 37,434 | $3.6M | No change |
| EZU iShares MSCI Eurozone ETF | 0.33% | 62,223 | $3.3M | Add +8.7% |
| INDA iShares MSCI India ETF | 0.30% | 57,666 | $3.0M | Reduce -3.6% |
| AMD Advanced Micro Devices | 0.29% | 28,083 | $2.9M | Add +1.7% |
| ADBE Adobe Inc. | 0.28% | 7,437 | $2.9M | Add +7.6% |
| CB Chubb Ltd. | 0.28% | 9,397 | $2.8M | Reduce -13.3% |
| CRM Salesforce Inc. | 0.28% | 10,287 | $2.8M | Add +3.4% |
| EWL iShares MSCI Switzerland ETF | 0.27% | 52,797 | $2.7M | Reduce -74.0% |
| DHR Danaher Corp. | 0.27% | 13,316 | $2.7M | Add +9.4% |
| LIN Linde PLC | 0.26% | 5,490 | $2.6M | Add +0.1% |
| VSS Vanguard Ftse All Wo X-US SC | 0.22% | 19,360 | $2.2M | Add +6.3% |
| VGK Vanguard Ftse Europe ETF | 0.22% | 31,036 | $2.2M | Reduce -28.7% |
| SLV iShares Silver Trust | 0.20% | 64,000 | $2.0M | New |
| XLV SS Health Care Select Sector | 0.20% | 13,472 | $2.0M | Reduce -5.3% |
| IGF iShares Global Infrastructur | 0.19% | 35,452 | $1.9M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.18% | 3,846 | $1.8M | No change |
| IXN iShares Global Tech ETF | 0.17% | 22,900 | $1.7M | Reduce -9.5% |
| VNQI Vanguard GLBL Ex-US Real Est | 0.16% | 40,022 | $1.6M | No change |
| XLE SS Energy Select Sector | 0.15% | 16,507 | $1.5M | No change |
| EWT iShares MSCI Taiwan ETF | 0.15% | 32,409 | $1.5M | No change |
| RTX RTX Corp. | 0.14% | 10,331 | $1.4M | No change |
| CMG Chipotle Mexican Grill Inc. | 0.13% | 26,000 | $1.3M | No change |
| PH Parker Hannifin Corp. | 0.13% | 2,060 | $1.3M | No change |
| BX Blackstone Inc. | 0.12% | 8,800 | $1.2M | No change |
| DFUV Dimensional US Marketwide Va | 0.11% | 25,825 | $1.1M | No change |
| ZTS Zoetis Inc. | 0.10% | 6,210 | $1.0M | No change |
| TXN Texas Instruments Inc. | 0.10% | 5,600 | $1.0M | No change |
| RSP Invesco S&P 500 Equal Weight | 0.10% | 5,690 | $986K | No change |
| LEMB iShares JP Morgan Em Local C | 0.10% | 25,853 | $968K | Reduce -20.7% |
| IEUS iShares MSCI Europe Small-Ca | 0.09% | 14,970 | $858K | No change |
| QCOM Qualcomm Inc. | 0.08% | 5,500 | $845K | No change |
| HON Honeywell International Inc. | 0.08% | 3,575 | $757K | No change |
| ICE Intercontinental Exchange Inc. | 0.07% | 4,259 | $735K | Reduce -13.1% |
| NEE Nextera Energy Inc. | 0.07% | 10,100 | $716K | Reduce -7.3% |
| XLF SS Financial Select Sector | 0.07% | 13,964 | $696K | No change |
| XLK SS Technology Select Sector | 0.07% | 3,187 | $658K | No change |
| BLK BlackRock Inc. | 0.06% | 680 | $644K | Reduce -10.5% |
| MRK Merck & Co. Inc. | 0.06% | 6,875 | $617K | Reduce -8.7% |
Portfolio Sells Q4 2024 → Q1 2025
| EWJ iShares MSCI Japan ETF | Reduce -36.5% | 3.85% | −1.79 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -28.6% | 2.65% | −1.55 |
| VGIT Vanguard Intermediate-Term T | Sold out | 0.00% | −1.09 |
| EWQ iShares MSCI France ETF | Reduce -72.0% | 0.49% | −1.02 |
| PYLD PIMCO Multisector Bond Actv | Reduce -51.3% | 1.10% | −1.01 |
| EWC iShares MSCI Canada ETF | Reduce -95.4% | 0.05% | −0.95 |
| IGSB iShares 1-5Y Inv Grade Corp. | Sold out | 0.00% | −0.89 |
| EDEN iShares MSCI Denmark ETF | Sold out | 0.00% | −0.75 |
| VCIT Vanguard Int-Term Corporate | Sold out | 0.00% | −0.70 |
| EWL iShares MSCI Switzerland ETF | Reduce -74.0% | 0.27% | −0.61 |
| KWEB Kranesh Csi China Internet | Sold out | 0.00% | −0.57 |
| EWH iShares MSCI Hong Kong ETF | Sold out | 0.00% | −0.55 |
| EWU iShares MSCI United Kingdom | Reduce -53.6% | 0.57% | −0.49 |
| ACWI iShares MSCI Acwi ETF | Reduce -48.3% | 0.53% | −0.45 |
| GOOGL Alphabet Inc. Class A | Reduce -0.7% | 2.38% | −0.41 |
| EWN iShares MSCI Netherlands ETF | Sold out | 0.00% | −0.35 |
| AMZN Amazon.com Inc. | Reduce -1.6% | 2.94% | −0.34 |
| LOGI Logitech International-Reg | Sold out | 0.00% | −0.30 |
| VWOB Vanguard Emerg MKTS Gov BND | Reduce -89.6% | 0.03% | −0.28 |
| MBB iShares MBS ETF | Reduce -30.1% | 0.83% | −0.27 |
| MSFT Microsoft Corp. | Reduce -1.0% | 3.42% | −0.27 |
| EEM iShares MSCI Emerging Market | Reduce -25.4% | 1.15% | −0.25 |
| JMBS Janus Henderson Mortg Backed | Reduce -26.4% | 0.86% | −0.23 |
| EWA iShares MSCI Australia ETF | Reduce -88.5% | 0.03% | −0.20 |
| AIRR First Trust Rba American Ind | Reduce -2.8% | 1.73% | −0.18 |
| AAPL Apple Inc. | Reduce -1.3% | 1.31% | −0.11 |
| EWY iShares MSCI South Korea ETF | Sold out | 0.00% | −0.09 |
| VT Vanguard Tot World STK ETF | Reduce -8.2% | 1.06% | −0.05 |
| VGK Vanguard Ftse Europe ETF | Reduce -28.7% | 0.22% | −0.04 |
| MA Mastercard Inc. Class A | Reduce -12.2% | 0.76% | −0.03 |
| IEF iShares 7-10 Year Treasury B | Sold out | 0.00% | −0.03 |
| IXN iShares Global Tech ETF | Reduce -9.5% | 0.17% | −0.03 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -4.8% | 0.48% | −0.02 |
| DEO Diageo PLC-Sponsored ADR | Sold out | 0.00% | −0.02 |
| LEMB iShares JP Morgan Em Local C | Reduce -20.7% | 0.10% | −0.01 |
| BLK BlackRock Inc. | Reduce -10.5% | 0.06% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -8.7% | 0.06% | −0.01 |
| ORCL Oracle Corp. | Reduce -2.9% | 0.04% | −0.01 |
| XLP SS Consumer Staples Sel Sect | Reduce -21.2% | 0.04% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.7% | 0.38% | −0.01 |
| INDA iShares MSCI India ETF | Reduce -3.6% | 0.30% | −0.00 |
| NEE Nextera Energy Inc. | Reduce -7.3% | 0.07% | −0.00 |
| CB Chubb Ltd. | Reduce -13.3% | 0.28% | −0.00 |
| JNJ Johnson & Johnson | Reduce -17.4% | 0.06% | −0.00 |
| TTE Totalenergies SE -Spon ADR | Reduce -20.1% | 0.02% | −0.00 |
| ROP Roper Technologies Inc. | Reduce -10.2% | 0.02% | +0.00 |
| CSCO Cisco Systems Inc. | Reduce -3.5% | 0.04% | +0.00 |
| SLB SLB Ltd. | Reduce -6.3% | 0.05% | +0.00 |
| ICE Intercontinental Exchange Inc. | Reduce -13.1% | 0.07% | +0.00 |
| XLV SS Health Care Select Sector | Reduce -5.3% | 0.20% | +0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| JAAA Janus Henderson Aaa Clo ETF | New | 2.90% | +2.90 |
| JBBB Janus Henderson B-BBB Clo Et | New | 1.31% | +1.31 |
| SONY Sony Group Corp. - SP ADR | Add +24.4% | 3.34% | +1.21 |
| CP Canadian Pacific Kansas City | Add +88.4% | 2.45% | +1.17 |
| GLD SPDR Gold Shares | Add +7.6% | 3.90% | +1.01 |
| SIHY Harbor Ares Systemt Hi YD-US | Add +27.3% | 3.68% | +0.87 |
| FXI iShares China Large-Cap ETF | Add +1675.0% | 0.70% | +0.67 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +2596.3% | 0.69% | +0.66 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +5.5% | 1.83% | +0.42 |
| ALC Alcon Inc. | Add +3.4% | 2.31% | +0.39 |
| V Visa Inc. Class A | Add +2.3% | 2.25% | +0.36 |
| BRO Brown & Brown Inc. | Add +7.7% | 1.24% | +0.34 |
| ORLY O'reilly Automotive Inc. | Add +9.6% | 1.18% | +0.33 |
| ICVT iShares Convertible Bond ETF | Add +11.6% | 2.14% | +0.29 |
| HES Hess Corp. | Add +4.6% | 1.11% | +0.27 |
| OTIS Otis Worldwide Corp. | Add +7.8% | 1.07% | +0.22 |
| URTH iShares MSCI World ETF | Add +15.8% | 1.32% | +0.22 |
| JPM JPMorgan Chase & Co. | Add +4.4% | 1.90% | +0.21 |
| ADP Automatic Data Processing | Add +11.8% | 1.11% | +0.20 |
| SLV iShares Silver Trust | New | 0.20% | +0.20 |
| GE General Electric | Add +3.6% | 0.72% | +0.17 |
| SPGI S&P Global Inc. | Add +4.3% | 1.44% | +0.15 |
| VWO Vanguard Ftse Emerging Marke | Add +39.6% | 0.43% | +0.15 |
| META Meta Platforms Inc. Class A | Add +3.0% | 2.11% | +0.13 |
| PM Philip Morris International | Add +0.8% | 0.45% | +0.13 |
| AVGO Broadcom Inc. | Add +89.6% | 0.42% | +0.13 |
| AZN Astrazeneca PLC-Spons ADR | Add +2.5% | 0.72% | +0.12 |
| CME Cme Group Inc. | Add +0.3% | 0.44% | +0.07 |
| EZU iShares MSCI Eurozone ETF | Add +8.7% | 0.33% | +0.07 |
| UNP Union Pacific Corp. | Add +11.1% | 0.40% | +0.07 |
| LLY Eli Lilly & Co. | Add +0.1% | 0.58% | +0.06 |
| MU Micron Technology Inc. | Add +4.2% | 0.52% | +0.06 |
| PG The Procter & Gamble Co. | Add +4.7% | 0.54% | +0.06 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +28.6% | 0.50% | +0.04 |
| LIN Linde PLC | Add +0.1% | 0.26% | +0.04 |
| TJX TJX Companies Inc. | Add +2.9% | 0.41% | +0.03 |
| VSS Vanguard Ftse All Wo X-US SC | Add +6.3% | 0.22% | +0.03 |
| DGRW Wisdomtree U.S. Quality Divi | New | 0.02% | +0.02 |
| SE Sea Ltd.-ADR | New | 0.02% | +0.02 |
| CQQQ Invesco China Technology ETF | Add +54.9% | 0.04% | +0.02 |
| TMO Thermo Fisher Scientific Inc. | Add +2.0% | 0.45% | +0.01 |
| DHR Danaher Corp. | Add +9.4% | 0.27% | +0.01 |
| HD Home Depot Inc. | Add +2.4% | 0.51% | +0.01 |
| IFF Intl Flavors & Fragrances | Add +1.2% | 0.03% | −0.00 |
| AMAT Applied Materials Inc. | Add +0.5% | 0.06% | −0.00 |
| ADBE Adobe Inc. | Add +7.6% | 0.28% | −0.01 |
| AMD Advanced Micro Devices | Add +1.7% | 0.29% | −0.03 |
| CRM Salesforce Inc. | Add +3.4% | 0.28% | −0.04 |
| NVDA Nvidia Corp. | Add +4.6% | 0.49% | −0.06 |
| GOOG Alphabet Inc. Class C | Add +0.1% | 0.50% | −0.08 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 154 | $1.1B | TSM, GLD, GOOGL, AZN, MSFT |
| Q1 2026 | 154 | $1.0B | GLD, TSM, AZN, GOOGL, SONY |
| Q4 2025 | 152 | $1.1B | BUR, GLD, TSM, GOOGL, MSFT |
| Q3 2025 | 144 | $1.1B | BUR, GLD, TSM, SIHY, MSFT |
| Q2 2025 | 144 | $996.5M | BUR, GLD, MSFT, SIHY, TSM |
| Q1 2025 | 140 | $1.0B | BUR, GLD, EWJ, SIHY, MSFT |
| Q4 2024 | 146 | $1.1B | BUR, EWJ, TSM, MSFT, AMZN |
| Q3 2024 | 142 | $1.0B | BUR, EWJ, MSFT, IEF, TSM |
| Q2 2024 | 139 | $920.9M | BUR, EWJ, MSFT, TSM, GLD |
| Q1 2024 | 141 | $895.6M | BUR, EWJ, MSFT, GLD, TSM |