Pictet North America Advisors SA
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 21, 2025), Pictet North America Advisors SA reported 144 stock positions worth $1.1 billion. Its top holding was Burford Capital (BUR) at 8.5% of the portfolio, followed by SPDR Gold Shares (GLD, 5.1%) and Taiwan Semiconductor-SP ADR (TSM, 4.7%). Compared with Q2 2025, it opened 5 new positions, sold out of 5, added to 41 and reduced 50. The biggest buy was iShares MSCI Emerging Market (EEM, shares +477%) and the biggest sale Vanguard Ftse Emerging Marke (VWO, shares −93%).
- Most Recent 13F
- Q2 2026
- Location
- GENEVA 73, V8
- CIK
- 0001599576
- Portfolio Value
- $1.1B (Q3 2025)
- SEC Filing
- 0001599576-25-000009 ↗ filed Oct 21, 2025
Holdings Value
Holdings 144 stocks · $1.1B
| BUR Burford Capital Ltd. | 8.53% | 7,647,727 | $91.1M | No change |
| GLD SPDR Gold Shares | 5.11% | 153,919 | $54.5M | Add +6.4% |
| TSM Taiwan Semiconductor-SP ADR | 4.70% | 179,747 | $50.2M | Add +6.0% |
| SIHY Harbor Ares Systemt Hi YD-US | 4.31% | 993,692 | $46.1M | Add +16.0% |
| MSFT Microsoft Corp. | 4.17% | 86,292 | $44.5M | Add +1.3% |
| SONY Sony Group Corp. - SP ADR | 4.07% | 1,509,091 | $43.4M | Add +4.1% |
| GOOGL Alphabet Inc. Class A | 3.25% | 142,748 | $34.7M | Reduce -2.0% |
| AMZN Amazon.com Inc. | 3.04% | 147,811 | $32.5M | Add +1.6% |
| EEM iShares MSCI Emerging Market | 2.95% | 589,120 | $31.5M | Add +477.0% |
| PYLD PIMCO Multisector Bond Actv | 2.73% | 1,084,834 | $29.1M | Add +10.5% |
| ALC Alcon Inc. filed as ALCON AG | 2.46% | 352,503 | $26.3M | Add +21.2% |
| META Meta Platforms Inc. Class A | 2.34% | 33,972 | $24.9M | Reduce -3.0% |
| JPM JPMorgan Chase & Co. | 2.14% | 72,532 | $22.9M | Reduce -0.6% |
| JAAA Janus Henderson Aaa Clo ETF | 2.13% | 448,382 | $22.8M | Reduce -26.9% |
| CP Canadian Pacific Kansas City | 2.04% | 292,590 | $21.8M | Reduce -16.2% |
| AIRR First Trust Rba American Ind | 2.04% | 224,832 | $21.7M | Reduce -6.4% |
| YUMC Yum China Holdings Inc. | 1.99% | 497,944 | $21.3M | Add +4.9% |
| V Visa Inc. Class A | 1.88% | 58,921 | $20.1M | Reduce -1.5% |
| IAU iShares Gold Trust | 1.88% | 275,500 | $20.0M | New |
| AAPL Apple Inc. | 1.52% | 63,687 | $16.2M | Add +7.7% |
| JMBS Janus Henderson Mortg Backed | 1.50% | 350,049 | $16.0M | Add +16.0% |
| UBS UBS Group AG-Reg | 1.46% | 382,355 | $15.6M | No change |
| MELI MercadoLibre Inc. | 1.45% | 6,639 | $15.5M | Add +4.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.44% | 30,603 | $15.4M | Reduce -5.8% |
| SPGI S&P Global Inc. | 1.33% | 29,277 | $14.2M | Add +9.8% |
| ORLY O'reilly Automotive Inc. | 1.22% | 120,668 | $13.0M | Reduce -1.0% |
| MCD McDonald's Corp. | 1.13% | 39,666 | $12.1M | Reduce -0.7% |
| ADP Automatic Data Processing | 0.98% | 35,491 | $10.4M | Reduce -0.9% |
| GE General Electric filed as GE AEROSPACE | 0.88% | 31,183 | $9.4M | Reduce -0.4% |
| NVDA Nvidia Corp. | 0.87% | 49,813 | $9.3M | Add +17.9% |
| BRO Brown & Brown Inc. | 0.87% | 98,837 | $9.3M | Reduce -0.5% |
| ASML ASML Holding NV-NY Reg SHS | 0.86% | 9,495 | $9.2M | Reduce -6.7% |
| OTIS Otis Worldwide Corp. | 0.85% | 98,981 | $9.0M | Reduce -1.8% |
| HLT Hilton Worldwide Holdings Inc. | 0.83% | 34,148 | $8.9M | Reduce -1.0% |
| AMRZ Amrize Ltd. | 0.76% | 168,950 | $8.2M | Reduce -0.2% |
| AVGO Broadcom Inc. | 0.73% | 23,631 | $7.8M | Add +2.4% |
| GOOG Alphabet Inc. Class C | 0.73% | 31,920 | $7.8M | Reduce -0.4% |
| AZN Astrazeneca PLC-Spons ADR | 0.72% | 100,322 | $7.7M | Add +2.7% |
| MU Micron Technology Inc. | 0.70% | 44,810 | $7.5M | Reduce -15.6% |
| MA Mastercard Inc. Class A | 0.66% | 12,309 | $7.0M | Reduce -1.0% |
| BSX Boston Scientific Corp. | 0.56% | 61,329 | $6.0M | Reduce -1.6% |
| FAST Fastenal Co. | 0.54% | 118,056 | $5.8M | Reduce -11.3% |
| EWQ iShares MSCI France ETF | 0.54% | 130,339 | $5.7M | Add +20.2% |
| CVX Chevron Corp. | 0.53% | 36,458 | $5.7M | New |
| LLY Eli Lilly & Co. | 0.51% | 7,141 | $5.4M | No change |
| EWU iShares MSCI United Kingdom | 0.49% | 125,165 | $5.3M | Reduce -5.3% |
| HD Home Depot Inc. | 0.48% | 12,675 | $5.1M | Add +0.7% |
| VCIT Vanguard Int-Term Corporate | 0.47% | 59,562 | $5.0M | Reduce -41.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.46% | 7,350 | $4.9M | Add +3.9% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.45% | 18,915 | $4.8M | Add +33.5% |
| EWL iShares MSCI Switzerland ETF | 0.44% | 85,317 | $4.7M | Add +103.2% |
| EWJ iShares MSCI Japan ETF | 0.44% | 58,155 | $4.7M | Reduce -5.1% |
| PG The Procter & Gamble Co. | 0.42% | 28,955 | $4.4M | Add +1.2% |
| CME Cme Group Inc. | 0.39% | 15,348 | $4.1M | Add +2.2% |
| EZU iShares MSCI Eurozone ETF | 0.38% | 66,233 | $4.1M | Reduce -0.2% |
| PM Philip Morris International | 0.38% | 25,078 | $4.1M | Reduce -0.5% |
| AMD Advanced Micro Devices | 0.38% | 25,017 | $4.0M | Reduce -1.5% |
| URTH iShares MSCI World ETF | 0.34% | 20,189 | $3.7M | Add +23.4% |
| TMO Thermo Fisher Scientific Inc. | 0.34% | 7,500 | $3.6M | Reduce -1.7% |
| IYR iShares US Real Estate ETF | 0.34% | 37,434 | $3.6M | No change |
| UNP Union Pacific Corp. | 0.33% | 15,018 | $3.5M | Add +0.9% |
| UBER Uber Technologies Inc. | 0.32% | 34,563 | $3.4M | New |
| VGK Vanguard Ftse Europe ETF | 0.30% | 40,258 | $3.2M | Reduce -5.7% |
| VT Vanguard Tot World STK ETF | 0.28% | 21,609 | $3.0M | Add +0.8% |
| INDA iShares MSCI India ETF | 0.28% | 57,047 | $3.0M | Reduce -0.8% |
| LIN Linde PLC | 0.25% | 5,530 | $2.6M | No change |
| CB Chubb Ltd. | 0.24% | 9,162 | $2.6M | Add +0.5% |
| ADBE Adobe Inc. | 0.22% | 6,568 | $2.3M | Reduce -0.4% |
| DHR Danaher Corp. | 0.22% | 11,674 | $2.3M | Reduce -0.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.22% | 3,846 | $2.3M | No change |
| IGF iShares Global Infrastructur | 0.20% | 35,452 | $2.2M | No change |
| CRM Salesforce Inc. | 0.20% | 8,816 | $2.1M | Reduce -0.1% |
| IEUS iShares MSCI Europe Small-Ca | 0.19% | 30,828 | $2.1M | Add +212.7% |
| EWT iShares MSCI Taiwan ETF | 0.19% | 32,409 | $2.1M | No change |
| ACWI iShares MSCI Acwi ETF | 0.19% | 14,605 | $2.0M | Reduce -7.5% |
| VNQI Vanguard GLBL Ex-US Real Est | 0.18% | 40,022 | $1.9M | No change |
| IXN iShares Global Tech ETF | 0.17% | 18,050 | $1.9M | Reduce -5.9% |
| RTX RTX Corp. | 0.16% | 10,331 | $1.7M | No change |
| XLV SS Health Care Select Sector | 0.16% | 12,279 | $1.7M | Reduce -4.4% |
| PH Parker Hannifin Corp. | 0.15% | 2,060 | $1.6M | No change |
| VWO Vanguard Ftse Emerging Marke | 0.15% | 28,676 | $1.6M | Reduce -93.0% |
| BX Blackstone Inc. | 0.14% | 8,800 | $1.5M | No change |
| LEMB iShares JP Morgan Em Local C | 0.12% | 30,782 | $1.3M | Add +46.2% |
| UNH Unitedhealth Group Inc. | 0.11% | 3,419 | $1.2M | Reduce -44.2% |
| DFUV Dimensional US Marketwide Va | 0.11% | 25,825 | $1.2M | No change |
| FXI iShares China Large-Cap ETF | 0.11% | 27,775 | $1.1M | Add +134.6% |
| RSP Invesco S&P 500 Equal Weight | 0.10% | 5,690 | $1.1M | No change |
| TXN Texas Instruments Inc. | 0.10% | 5,600 | $1.0M | No change |
| CMG Chipotle Mexican Grill Inc. | 0.10% | 26,000 | $1.0M | No change |
| ICVT iShares Convertible Bond ETF | 0.09% | 9,244 | $925K | Add +6.7% |
| QCOM Qualcomm Inc. | 0.09% | 5,500 | $915K | No change |
| ZTS Zoetis Inc. | 0.09% | 6,210 | $909K | No change |
| XLK SS Technology Select Sector | 0.08% | 3,187 | $898K | No change |
| AMAT Applied Materials Inc. | 0.08% | 4,160 | $849K | No change |
| ORCL Oracle Corp. | 0.08% | 3,000 | $844K | Reduce -3.2% |
| NEE Nextera Energy Inc. | 0.08% | 10,905 | $823K | Add +8.0% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.08% | 12,450 | $809K | New |
| HON Honeywell International Inc. | 0.07% | 3,575 | $753K | No change |
| JNJ Johnson & Johnson | 0.07% | 3,906 | $724K | Add +10.0% |
| BLK BlackRock Inc. | 0.06% | 546 | $637K | Add +4.0% |
Portfolio Sells Q2 2025 → Q3 2025
| VWO Vanguard Ftse Emerging Marke | Reduce -93.0% | 0.15% | −1.90 |
| MBB iShares MBS ETF | Sold out | 0.00% | −1.34 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -26.9% | 2.13% | −0.99 |
| HES Hess Corp. | Sold out | 0.00% | −0.90 |
| CP Canadian Pacific Kansas City | Reduce -16.2% | 2.04% | −0.74 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.51 |
| VCIT Vanguard Int-Term Corporate | Reduce -41.6% | 0.47% | −0.38 |
| META Meta Platforms Inc. Class A | Reduce -3.0% | 2.34% | −0.26 |
| V Visa Inc. Class A | Reduce -1.5% | 1.88% | −0.25 |
| BRO Brown & Brown Inc. | Reduce -0.5% | 0.87% | −0.24 |
| OTIS Otis Worldwide Corp. | Reduce -1.8% | 0.85% | −0.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -5.8% | 1.44% | −0.14 |
| ADP Automatic Data Processing | Reduce -0.9% | 0.98% | −0.13 |
| XLE SS Energy Select Sector | Reduce -84.2% | 0.02% | −0.12 |
| BSX Boston Scientific Corp. | Reduce -1.6% | 0.56% | −0.11 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -1.0% | 0.83% | −0.09 |
| AMRZ Amrize Ltd. | Reduce -0.2% | 0.76% | −0.08 |
| UNH Unitedhealth Group Inc. | Reduce -44.2% | 0.11% | −0.08 |
| PM Philip Morris International | Reduce -0.5% | 0.38% | −0.08 |
| MA Mastercard Inc. Class A | Reduce -1.0% | 0.66% | −0.05 |
| CRM Salesforce Inc. | Reduce -0.1% | 0.20% | −0.05 |
| XLF SS Financial Select Sector | Reduce -60.9% | 0.03% | −0.05 |
| INDA iShares MSCI India ETF | Reduce -0.8% | 0.28% | −0.04 |
| MCD McDonald's Corp. | Reduce -0.7% | 1.13% | −0.04 |
| ADBE Adobe Inc. | Reduce -0.4% | 0.22% | −0.04 |
| EWU iShares MSCI United Kingdom | Reduce -5.3% | 0.49% | −0.04 |
| VGK Vanguard Ftse Europe ETF | Reduce -5.7% | 0.30% | −0.03 |
| EWJ iShares MSCI Japan ETF | Reduce -5.1% | 0.44% | −0.02 |
| CTVA Corteva Inc. | Sold out | 0.00% | −0.02 |
| ROP Roper Technologies Inc. | Sold out | 0.00% | −0.02 |
| FAST Fastenal Co. | Reduce -11.3% | 0.54% | −0.02 |
| DHR Danaher Corp. | Reduce -0.5% | 0.22% | −0.02 |
| ACWI iShares MSCI Acwi ETF | Reduce -7.5% | 0.19% | −0.01 |
| XLV SS Health Care Select Sector | Reduce -4.4% | 0.16% | −0.01 |
| EZU iShares MSCI Eurozone ETF | Reduce -0.2% | 0.38% | −0.01 |
| EWC iShares MSCI Canada ETF | Reduce -13.8% | 0.05% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -5.8% | 0.04% | −0.01 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -4.8% | 0.05% | −0.01 |
| USIG iShares Broad Usd Investment | Reduce -4.8% | 0.05% | −0.01 |
| VGSH Vanguard Short-Term Treasury | Reduce -5.0% | 0.04% | −0.01 |
| IXN iShares Global Tech ETF | Reduce -5.9% | 0.17% | −0.00 |
| SLB SLB Ltd. | Reduce -6.5% | 0.03% | −0.00 |
| VGIT Vanguard Intermediate-Term T | Reduce -5.0% | 0.03% | −0.00 |
| CNYA iShares MSCI China A ETF | Reduce -12.6% | 0.02% | −0.00 |
| ORCL Oracle Corp. | Reduce -3.2% | 0.08% | +0.01 |
| AMD Advanced Micro Devices | Reduce -1.5% | 0.38% | +0.02 |
| JPM JPMorgan Chase & Co. | Reduce -0.6% | 2.14% | +0.02 |
| TMO Thermo Fisher Scientific Inc. | Reduce -1.7% | 0.34% | +0.03 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -6.7% | 0.86% | +0.04 |
| MU Micron Technology Inc. | Reduce -15.6% | 0.70% | +0.05 |
Portfolio Buys Q2 2025 → Q3 2025
| EEM iShares MSCI Emerging Market | Add +477.0% | 2.95% | +2.45 |
| IAU iShares Gold Trust | New | 1.88% | +1.88 |
| TSM Taiwan Semiconductor-SP ADR | Add +6.0% | 4.70% | +0.85 |
| GLD SPDR Gold Shares | Add +6.4% | 5.11% | +0.70 |
| CVX Chevron Corp. | New | 0.53% | +0.53 |
| SIHY Harbor Ares Systemt Hi YD-US | Add +16.0% | 4.31% | +0.35 |
| UBER Uber Technologies Inc. | New | 0.32% | +0.32 |
| AAPL Apple Inc. | Add +7.7% | 1.52% | +0.30 |
| SONY Sony Group Corp. - SP ADR | Add +4.1% | 4.07% | +0.28 |
| EWL iShares MSCI Switzerland ETF | Add +103.2% | 0.44% | +0.21 |
| NVDA Nvidia Corp. | Add +17.9% | 0.87% | +0.20 |
| JMBS Janus Henderson Mortg Backed | Add +16.0% | 1.50% | +0.13 |
| IEUS iShares MSCI Europe Small-Ca | Add +212.7% | 0.19% | +0.13 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +33.5% | 0.45% | +0.11 |
| PYLD PIMCO Multisector Bond Actv | Add +10.5% | 2.73% | +0.11 |
| AVGO Broadcom Inc. | Add +2.4% | 0.73% | +0.09 |
| ACWX iShares MSCI Acwi Ex US ETF | New | 0.08% | +0.08 |
| EWQ iShares MSCI France ETF | Add +20.2% | 0.54% | +0.07 |
| URTH iShares MSCI World ETF | Add +23.4% | 0.34% | +0.07 |
| FXI iShares China Large-Cap ETF | Add +134.6% | 0.11% | +0.06 |
| AZN Astrazeneca PLC-Spons ADR | Add +2.7% | 0.72% | +0.04 |
| LEMB iShares JP Morgan Em Local C | Add +46.2% | 0.12% | +0.03 |
| VBIL Vanguard 0-3M T-Bill ETF | New | 0.03% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +3.9% | 0.46% | +0.02 |
| HD Home Depot Inc. | Add +0.7% | 0.48% | +0.02 |
| JNJ Johnson & Johnson | Add +10.0% | 0.07% | +0.01 |
| ICVT iShares Convertible Bond ETF | Add +6.7% | 0.09% | +0.01 |
| NEE Nextera Energy Inc. | Add +8.0% | 0.08% | +0.01 |
| WMT Walmart Inc. | Add +23.8% | 0.04% | +0.01 |
| BLK BlackRock Inc. | Add +4.0% | 0.06% | +0.00 |
| TJX TJX Companies Inc. | Add +4.9% | 0.03% | +0.00 |
| VT Vanguard Tot World STK ETF | Add +0.8% | 0.28% | +0.00 |
| JBBB Janus Henderson B-BBB Clo Et | Add +3.0% | 0.06% | −0.00 |
| ICE Intercontinental Exchange Inc. | Add +7.4% | 0.05% | −0.00 |
| COST Costco Wholesale Corp. | Add +2.2% | 0.06% | −0.01 |
| ISRG Intuitive Surgical Inc. | Add +10.7% | 0.05% | −0.01 |
| UNP Union Pacific Corp. | Add +0.9% | 0.33% | −0.01 |
| CB Chubb Ltd. | Add +0.5% | 0.24% | −0.02 |
| CME Cme Group Inc. | Add +2.2% | 0.39% | −0.03 |
| PG The Procter & Gamble Co. | Add +1.2% | 0.42% | −0.04 |
| MSFT Microsoft Corp. | Add +1.3% | 4.17% | −0.07 |
| SPGI S&P Global Inc. | Add +9.8% | 1.33% | −0.08 |
| ALC Alcon Inc. | Add +21.2% | 2.46% | −0.12 |
| YUMC Yum China Holdings Inc. | Add +4.9% | 1.99% | −0.13 |
| AMZN Amazon.com Inc. | Add +1.6% | 3.04% | −0.16 |
| MELI MercadoLibre Inc. | Add +4.7% | 1.45% | −0.21 |
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 |