Pictet North America Advisors SA

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 14, 2026), Pictet North America Advisors SA reported 154 stock positions worth $1.0 billion. Its top holding was SPDR Gold Shares (GLD) at 6.6% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 6.0%) and Astrazeneca (AZN, 4.2%). Compared with Q4 2025, it opened 6 new positions, sold out of 4, added to 47 and reduced 47. The biggest buy was Astrazeneca (AZN, shares +367%) and the biggest sale iShares MSCI Emerging Market (EEM, shares −98%).

Most Recent 13F
Q2 2026
Location
GENEVA 73, V8
CIK
0001599576
Portfolio Value
$1.0B (Q1 2026)
SEC Filing
0001599576-26-000004 ↗ filed Apr 14, 2026

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 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 $1.0B Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 154 stocks · $1.0B
GLD SPDR Gold Shares 6.64% 155,961 $66.8M Add +1.2%
TSM Taiwan Semiconductor-SP ADR 6.02% 179,331 $60.6M Reduce -1.5%
AZN Astrazeneca PLC 4.17% 216,936 $42.0M Add +367.0%
GOOGL Alphabet Inc. Class A 3.81% 133,282 $38.3M Reduce -3.4%
SONY Sony Group Corp. - SP ADR 3.26% 1,584,630 $32.8M Add +3.1%
BUR Burford Capital Ltd. 3.12% 7,647,727 $31.4M No change
MSFT Microsoft Corp. 3.09% 84,379 $31.1M Add +0.5%
ALC Alcon Inc. filed as ALCON AG 3.04% 414,421 $30.6M Add +6.8%
PYLD PIMCO Multisector Bond Actv 2.90% 1,115,181 $29.2M Add +33.7%
AMZN Amazon.com Inc. 2.87% 138,690 $28.9M Add +0.5%
URTH iShares MSCI World ETF 2.86% 160,097 $28.8M Add +634.4%
JMBS Janus Henderson Mortg Backed 2.76% 614,104 $27.7M Add +170.3%
YUMC Yum China Holdings Inc. 2.59% 536,543 $26.1M Add +5.7%
MELI MercadoLibre Inc. 2.21% 12,871 $22.3M Add +37.8%
IAU iShares Gold Trust 2.17% 248,159 $21.9M No change
JPM JPMorgan Chase & Co. 1.97% 67,510 $19.9M Reduce -4.0%
META Meta Platforms Inc. Class A 1.82% 31,977 $18.3M Reduce -3.2%
BN Brookfield Corp. 1.78% 444,034 $17.9M Add +9.5%
AIRR First Trust Rba American Ind 1.71% 155,764 $17.3M Reduce -30.7%
V Visa Inc. Class A 1.67% 55,759 $16.9M Reduce -1.3%
AAPL Apple Inc. 1.45% 57,695 $14.6M Reduce -2.0%
BRK.B Berkshire Hathaway Inc. Class B 1.42% 29,834 $14.3M Add +0.9%
UBS UBS Group AG-Reg 1.40% 369,855 $14.1M No change
SPGI S&P Global Inc. 1.32% 31,200 $13.3M Add +9.0%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 1.26% 9,592 $12.7M Add +1.4%
MCD McDonald's Corp. 1.19% 38,650 $12.0M Add +0.1%
SIHY Harbor Ares Systemt Hi YD-US 1.15% 257,422 $11.5M Reduce -69.7%
VGK Vanguard Ftse Europe ETF 1.11% 136,085 $11.2M Add +233.7%
ORLY O'reilly Automotive Inc. 1.09% 118,846 $11.0M Add +0.8%
TPG TPG Inc. 1.06% 263,200 $10.7M New
HLT Hilton Worldwide Holdings Inc. 1.01% 33,556 $10.2M Add +1.1%
EWJ iShares MSCI Japan ETF 1.00% 119,014 $10.0M Add +53.0%
AMRZ Amrize Ltd. 0.93% 172,648 $9.4M Add +0.8%
GOOG Alphabet Inc. Class C 0.91% 32,049 $9.2M Add +0.4%
NVDA Nvidia Corp. 0.88% 50,659 $8.8M Reduce -0.3%
GE General Electric filed as GE AEROSPACE 0.85% 30,335 $8.6M Add +1.3%
MU Micron Technology Inc. 0.77% 23,080 $7.8M Reduce -14.9%
ADP Automatic Data Processing 0.70% 34,587 $7.0M Reduce -8.9%
EWL iShares MSCI Switzerland ETF 0.69% 118,956 $7.0M Add +24.4%
CVX Chevron Corp. 0.69% 33,785 $7.0M Reduce -1.5%
AVGO Broadcom Inc. 0.68% 22,268 $6.9M Reduce -3.3%
OTIS Otis Worldwide Corp. 0.67% 87,639 $6.8M Reduce -7.0%
LLY Eli Lilly & Co. 0.66% 7,192 $6.6M Add +0.5%
EWU iShares MSCI United Kingdom 0.62% 137,860 $6.3M Add +15.2%
TTE Totalenergies SE 0.62% 67,244 $6.3M Reduce -11.6%
MA Mastercard Inc. Class A 0.56% 11,387 $5.7M Add +1.2%
BRO Brown & Brown Inc. 0.56% 86,393 $5.6M Reduce -6.2%
FAST Fastenal Co. 0.51% 111,110 $5.2M Add +2.1%
EWQ iShares MSCI France ETF 0.50% 116,572 $5.1M Add +0.7%
AMD Advanced Micro Devices 0.48% 23,997 $4.9M Add +1.1%
IEUR iShares Core MSCI Europe ETF 0.47% 67,214 $4.7M New
SPY SS SPDR S&P 500 ETF Trust-US 0.46% 7,087 $4.6M Reduce -3.6%
BSX Boston Scientific Corp. 0.45% 72,703 $4.6M Add +23.3%
EZU iShares MSCI Eurozone ETF 0.43% 68,853 $4.3M Add +1.3%
CME Cme Group Inc. 0.42% 14,340 $4.2M Reduce -3.2%
TMO Thermo Fisher Scientific Inc. 0.40% 8,123 $4.0M Add +12.0%
PM Philip Morris International 0.39% 24,049 $4.0M Reduce -0.2%
IYR iShares US Real Estate ETF 0.35% 37,434 $3.5M No change
HD Home Depot Inc. 0.32% 9,685 $3.2M Reduce -20.4%
PG The Procter & Gamble Co. 0.30% 21,147 $3.1M Reduce -23.6%
CB Chubb Ltd. 0.30% 9,326 $3.0M Add +0.8%
UBER Uber Technologies Inc. 0.29% 40,421 $2.9M Add +21.0%
LIN Linde PLC 0.28% 5,663 $2.8M Add +1.8%
VCIT Vanguard Int-Term Corporate 0.27% 33,400 $2.8M Reduce -47.2%
VT Vanguard Tot World STK ETF 0.27% 19,797 $2.7M Reduce -7.7%
INDA iShares MSCI India ETF 0.25% 53,837 $2.5M Reduce -5.3%
UNP Union Pacific Corp. 0.25% 10,250 $2.5M Reduce -25.1%
IGF iShares Global Infrastructur 0.24% 35,452 $2.4M No change
EWT iShares MSCI Taiwan ETF 0.23% 32,409 $2.3M No change
QQQ Invesco QQQ Trust Series 1 0.22% 3,846 $2.2M No change
ACWI iShares MSCI Acwi ETF 0.20% 14,605 $2.0M No change
RTX RTX Corp. 0.20% 10,331 $2.0M No change
IEFA iShares Core MSCI Eafe ETF 0.19% 21,426 $1.9M New
PH Parker Hannifin Corp. 0.18% 2,060 $1.8M No change
VNQI Vanguard GLBL Ex-US Real Est 0.18% 40,022 $1.8M No change
IXN iShares Global Tech ETF 0.18% 17,696 $1.8M Reduce -2.0%
XLV SS Health Care Select Sector 0.17% 11,707 $1.7M Reduce -4.7%
CPRT Copart Inc. 0.17% 50,757 $1.7M Reduce -23.3%
IEUS iShares MSCI Europe Small-Ca 0.16% 24,321 $1.6M Reduce -21.8%
DHR Danaher Corp. 0.16% 8,237 $1.6M Reduce -22.3%
AMAT Applied Materials Inc. 0.14% 4,268 $1.5M Add +2.6%
LEMB iShares JP Morgan Em Local C 0.14% 33,789 $1.4M Add +10.2%
FXI iShares China Large-Cap ETF 0.13% 36,825 $1.3M No change
DFUV Dimensional US Marketwide Va 0.12% 25,825 $1.3M No change
CRM Salesforce Inc. 0.12% 6,400 $1.2M Reduce -19.9%
ADBE Adobe Inc. 0.11% 4,736 $1.2M Reduce -19.8%
RSP Invesco S&P 500 Equal Weight 0.11% 5,690 $1.1M No change
TXN Texas Instruments Inc. 0.11% 5,600 $1.1M No change
JAAA Janus Henderson Aaa Clo ETF 0.11% 21,570 $1.1M Reduce -93.0%
VWO Vanguard Ftse Emerging Marke 0.11% 20,060 $1.1M Reduce -42.9%
VBIL Vanguard 0-3M T-Bill ETF 0.10% 13,500 $1.0M Add +80.0%
BX Blackstone Inc. 0.10% 8,800 $1.0M No change
NEE Nextera Energy Inc. 0.09% 10,100 $938K Reduce -7.4%
UNH Unitedhealth Group Inc. 0.09% 3,440 $931K No change
VCSH Vanguard S/T Corp. Bond ETF 0.09% 11,715 $929K Add +14.1%
JNJ Johnson & Johnson 0.09% 3,550 $868K Reduce -9.1%
GIGB Goldman Sachs Inv GRD Corp. 0.09% 18,900 $866K New
ACWX iShares MSCI Acwi Ex US ETF 0.08% 12,450 $852K No change
XLK SS Technology Select Sector 0.08% 6,374 $847K No change
CMG Chipotle Mexican Grill Inc. 0.08% 26,000 $832K No change
MRK Merck & Co. Inc. 0.08% 6,875 $827K No change
HON Honeywell International Inc. 0.08% 3,575 $808K No change
XBI SS SPDR S&P Biotech ETF 0.08% 6,020 $769K No change
VGSH Vanguard Short-Term Treasury 0.07% 12,900 $755K Add +16.2%
EEM iShares MSCI Emerging Market 0.07% 13,191 $749K Reduce -97.8%
ZTS Zoetis Inc. 0.07% 6,210 $734K No change
QCOM Qualcomm Inc. 0.07% 5,500 $708K No change
ICVT iShares Convertible Bond ETF 0.07% 6,923 $705K Reduce -25.1%
JBBB Janus Henderson B-BBB Clo Et 0.06% 13,775 $642K Add +8.9%
COST Costco Wholesale Corp. 0.06% 600 $598K Reduce -7.8%
EWC iShares MSCI Canada ETF 0.06% 10,553 $578K Reduce -35.3%
SLV iShares Silver Trust 0.06% 8,470 $577K Add +79.5%
IVW iShares S&P 500 Growth ETF 0.05% 4,872 $551K No change
CSCO Cisco Systems Inc. 0.05% 6,500 $502K No change
ISRG Intuitive Surgical Inc. 0.05% 1,047 $483K Add +4.8%
VGIT Vanguard Intermediate-Term T 0.05% 7,956 $474K Add +16.1%
BND Vanguard Total Bond Market 0.04% 6,000 $442K New
BLK BlackRock Inc. 0.04% 457 $440K Reduce -18.5%
EIDO iShares MSCI Indonesia ETF 0.04% 27,659 $437K No change
HDB HDFC Bank Ltd.-ADR 0.04% 16,928 $421K No change
VNM Vaneck Vietnam ETF 0.04% 24,178 $419K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.04% 2,133 $418K No change
SLB SLB Ltd. filed as SLB LIMITED 0.04% 8,000 $411K No change
PEP Pepsico Inc. 0.04% 2,600 $404K No change
CP Canadian Pacific Kansas City 0.04% 5,083 $399K Reduce -87.2%
INCO Columbia India Consumer ETF 0.04% 7,182 $395K No change
SDY SS SPDR S&P Dividend ETF 0.04% 2,682 $391K No change
WMT Walmart Inc. 0.04% 3,141 $390K Reduce -18.5%
VWOB Vanguard Emerg MKTS Gov BND 0.04% 5,812 $382K Add +8.6%
THD iShares MSCI Thailand ETF 0.04% 5,488 $381K No change
DE Deere & Co. 0.04% 673 $379K Add +34.6%
ORCL Oracle Corp. 0.03% 2,358 $347K No change
ICE Intercontinental Exchange Inc. 0.03% 2,198 $346K Reduce -31.6%
FEZ State Street SPDR Euro Stoxx 0.03% 5,520 $343K No change
EWG iShares MSCI Germany ETF 0.03% 8,380 $332K No change
EWA iShares MSCI Australia ETF 0.03% 11,741 $326K No change
DGRW Wisdomtree U.S. Quality Divi 0.03% 3,646 $320K No change
XLE SS Energy Select Sector 0.03% 5,214 $319K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 2,000 $319K Reduce -16.0%
CTAS Cintas Corp. 0.03% 1,780 $301K No change
CG The Carlyle Group Inc. 0.03% 5,950 $288K No change
IYJ iShares U.S. Industrials ETF 0.03% 1,891 $279K No change
EWY iShares MSCI South Korea ETF 0.03% 2,265 $279K No change
XLF SS Financial Select Sector 0.03% 5,467 $270K No change
VB Vanguard Most SM-Cap ETF-Usd 0.03% 1,024 $268K Reduce -94.4%
AN Autonation Inc. 0.03% 1,320 $258K No change
SPYM Ste STR SPDR PT S&P 500 ETF 0.03% 3,362 $257K No change
IWM iShares Russell 2000 ETF 0.03% 1,036 $257K No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.03% 5,492 $252K No change
CQQQ Invesco China Technology ETF 0.03% 5,462 $251K Reduce -35.5%
OEF iShares S&P 100 ETF 0.02% 765 $243K No change
CTVA Corteva Inc. 0.02% 2,819 $236K New
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.02% 3,000 $218K No change
CNYA iShares MSCI China A ETF 0.02% 6,099 $209K No change

Portfolio Sells Q4 2025 → Q1 2026
EEM iShares MSCI Emerging Market Reduce -97.8% 0.07% −2.98
SIHY Harbor Ares Systemt Hi YD-US Reduce -69.7% 1.15% −2.54
JAAA Janus Henderson Aaa Clo ETF Reduce -93.0% 0.11% −1.38
VB Vanguard Most SM-Cap ETF-Usd Reduce -94.4% 0.03% −0.42
AIRR First Trust Rba American Ind Reduce -30.7% 1.71% −0.39
GOOGL Alphabet Inc. Class A Reduce -3.4% 3.81% −0.29
META Meta Platforms Inc. Class A Reduce -3.2% 1.82% −0.25
CP Canadian Pacific Kansas City Reduce -87.2% 0.04% −0.24
ADP Automatic Data Processing Reduce -8.9% 0.70% −0.23
VCIT Vanguard Int-Term Corporate Reduce -47.2% 0.27% −0.23
V Visa Inc. Class A Reduce -1.3% 1.67% −0.21
JPM JPMorgan Chase & Co. Reduce -4.0% 1.97% −0.18
BRO Brown & Brown Inc. Reduce -6.2% 0.56% −0.14
OTIS Otis Worldwide Corp. Reduce -7.0% 0.67% −0.11
CRM Salesforce Inc. Reduce -19.9% 0.12% −0.08
ADBE Adobe Inc. Reduce -19.8% 0.11% −0.08
HD Home Depot Inc. Reduce -20.4% 0.32% −0.08
CPRT Copart Inc. Reduce -23.3% 0.17% −0.08
DHR Danaher Corp. Reduce -22.3% 0.16% −0.08
PG The Procter & Gamble Co. Reduce -23.6% 0.30% −0.07
AVGO Broadcom Inc. Reduce -3.3% 0.68% −0.07
VWO Vanguard Ftse Emerging Marke Reduce -42.9% 0.11% −0.07
AAPL Apple Inc. Reduce -2.0% 1.45% −0.06
USIG iShares Broad Usd Investment Sold out 0.00% −0.06
UNP Union Pacific Corp. Reduce -25.1% 0.25% −0.05
INDA iShares MSCI India ETF Reduce -5.3% 0.25% −0.04
IEUS iShares MSCI Europe Small-Ca Reduce -21.8% 0.16% −0.04
EFA iShares MSCI Eafe ETF Sold out 0.00% −0.03
EWC iShares MSCI Canada ETF Reduce -35.3% 0.06% −0.03
NVDA Nvidia Corp. Reduce -0.3% 0.88% −0.02
CBRE CBRE Group Inc. Class A Sold out 0.00% −0.02
SE Sea Ltd.-ADR Sold out 0.00% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -3.6% 0.46% −0.02
CQQQ Invesco China Technology ETF Reduce -35.5% 0.03% −0.02
ICVT iShares Convertible Bond ETF Reduce -25.1% 0.07% −0.02
VT Vanguard Tot World STK ETF Reduce -7.7% 0.27% −0.02
ICE Intercontinental Exchange Inc. Reduce -31.6% 0.03% −0.02
BLK BlackRock Inc. Reduce -18.5% 0.04% −0.01
XLV SS Health Care Select Sector Reduce -4.7% 0.17% −0.01
IXN iShares Global Tech ETF Reduce -2.0% 0.18% −0.00
TJX TJX Companies Inc. Reduce -16.0% 0.03% −0.00
WMT Walmart Inc. Reduce -18.5% 0.04% −0.00
COST Costco Wholesale Corp. Reduce -7.8% 0.06% +0.01
JNJ Johnson & Johnson Reduce -9.1% 0.09% +0.01
NEE Nextera Energy Inc. Reduce -7.4% 0.09% +0.01
PM Philip Morris International Reduce -0.2% 0.39% +0.03
CME Cme Group Inc. Reduce -3.2% 0.42% +0.04
MU Micron Technology Inc. Reduce -14.9% 0.77% +0.04
TTE Totalenergies SE Reduce -11.6% 0.62% +0.15
CVX Chevron Corp. Reduce -1.5% 0.69% +0.20

Portfolio Buys Q4 2025 → Q1 2026
AZN Astrazeneca PLC Add +367.0% 4.17% +3.36
URTH iShares MSCI World ETF Add +634.4% 2.86% +2.48
JMBS Janus Henderson Mortg Backed Add +170.3% 2.76% +1.77
TPG TPG Inc. New 1.06% +1.06
GLD SPDR Gold Shares Add +1.2% 6.64% +0.86
VGK Vanguard Ftse Europe ETF Add +233.7% 1.11% +0.79
PYLD PIMCO Multisector Bond Actv Add +33.7% 2.90% +0.79
IEUR iShares Core MSCI Europe ETF New 0.47% +0.47
MELI MercadoLibre Inc. Add +37.8% 2.21% +0.42
EWJ iShares MSCI Japan ETF Add +53.0% 1.00% +0.40
ASML ASML Holding NV-NY Reg SHS Add +1.4% 1.26% +0.30
YUMC Yum China Holdings Inc. Add +5.7% 2.59% +0.30
IEFA iShares Core MSCI Eafe ETF New 0.19% +0.19
EWL iShares MSCI Switzerland ETF Add +24.4% 0.69% +0.15
EWU iShares MSCI United Kingdom Add +15.2% 0.62% +0.12
HLT Hilton Worldwide Holdings Inc. Add +1.1% 1.01% +0.11
FAST Fastenal Co. Add +2.1% 0.51% +0.10
ALC Alcon Inc. Add +6.8% 3.04% +0.09
GIGB Goldman Sachs Inv GRD Corp. New 0.09% +0.09
MCD McDonald's Corp. Add +0.1% 1.19% +0.07
ORLY O'reilly Automotive Inc. Add +0.8% 1.09% +0.07
LIN Linde PLC Add +1.8% 0.28% +0.05
VBIL Vanguard 0-3M T-Bill ETF Add +80.0% 0.10% +0.05
BND Vanguard Total Bond Market New 0.04% +0.04
AMAT Applied Materials Inc. Add +2.6% 0.14% +0.04
AMRZ Amrize Ltd. Add +0.8% 0.93% +0.03
UBER Uber Technologies Inc. Add +21.0% 0.29% +0.03
SLV iShares Silver Trust Add +79.5% 0.06% +0.03
CB Chubb Ltd. Add +0.8% 0.30% +0.03
CTVA Corteva Inc. New 0.02% +0.02
LEMB iShares JP Morgan Em Local C Add +10.2% 0.14% +0.02
DE Deere & Co. Add +34.6% 0.04% +0.02
EZU iShares MSCI Eurozone ETF Add +1.3% 0.43% +0.01
VCSH Vanguard S/T Corp. Bond ETF Add +14.1% 0.09% +0.01
VGSH Vanguard Short-Term Treasury Add +16.2% 0.07% +0.01
BN Brookfield Corp. Add +9.5% 1.78% +0.01
BRK.B Berkshire Hathaway Inc. Class B Add +0.9% 1.42% +0.01
VGIT Vanguard Intermediate-Term T Add +16.1% 0.05% +0.01
EWQ iShares MSCI France ETF Add +0.7% 0.50% +0.01
JBBB Janus Henderson B-BBB Clo Et Add +8.9% 0.06% +0.01
VWOB Vanguard Emerg MKTS Gov BND Add +8.6% 0.04% +0.00
AMD Advanced Micro Devices Add +1.1% 0.48% +0.00
TMO Thermo Fisher Scientific Inc. Add +12.0% 0.40% −0.00
ISRG Intuitive Surgical Inc. Add +4.8% 0.05% −0.01
GE General Electric Add +1.3% 0.85% −0.02
GOOG Alphabet Inc. Class C Add +0.4% 0.91% −0.04
MA Mastercard Inc. Class A Add +1.2% 0.56% −0.04
LLY Eli Lilly & Co. Add +0.5% 0.66% −0.07
BSX Boston Scientific Corp. Add +23.3% 0.45% −0.08
SPGI S&P Global Inc. Add +9.0% 1.32% −0.10

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