Pictet North America Advisors SA

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 24, 2026), Pictet North America Advisors SA reported 154 stock positions worth $1.1 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 7.5% of the portfolio, followed by SPDR Gold Shares (GLD, 5.1%) and Alphabet Class A (GOOGL, 3.8%). Compared with Q1 2026, it opened 7 new positions, sold out of 8, added to 43 and reduced 48. The biggest buy was Vanguard Tot World STK ETF (VT, shares +943%) and the biggest sale Vanguard Ftse Europe ETF (VGK, shares −70%).

Most Recent 13F
Q2 2026
Location
GENEVA 73, V8
CIK
0001599576
Portfolio Value
$1.1B (Q2 2026)
SEC Filing
0001599576-26-000005 ↗ filed Jul 24, 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 Q1 2026 Q2 2026: $1.1B $1.1B Q2 2026

Holdings 154 stocks · $1.1B
TSM Taiwan Semiconductor-SP ADR 7.52% 178,783 $85.4M Reduce -0.3%
GLD SPDR Gold Shares 5.07% 156,679 $57.5M Add +0.5%
GOOGL Alphabet Inc. Class A 3.81% 121,114 $43.3M Reduce -9.1%
AZN Astrazeneca PLC 3.61% 218,800 $40.9M Add +0.9%
MSFT Microsoft Corp. 3.16% 96,490 $35.8M Add +14.3%
URTH iShares MSCI World ETF 3.10% 173,508 $35.2M Add +8.4%
SONY Sony Group Corp. - SP ADR 2.98% 1,684,567 $33.8M Add +6.3%
AMZN Amazon.com Inc. 2.94% 139,822 $33.3M Add +0.8%
VT Vanguard Tot World STK ETF 2.86% 206,524 $32.4M Add +943.2%
BUR Burford Capital Ltd. 2.76% 7,647,727 $31.3M No change
ALC Alcon Inc. filed as ALCON AG 2.53% 424,062 $28.7M Add +2.3%
PYLD PIMCO Multisector Bond Actv 2.46% 1,054,118 $28.0M Reduce -5.5%
YUMC Yum China Holdings Inc. 2.44% 679,686 $27.7M Add +26.7%
JMBS Janus Henderson Mortg Backed 2.32% 584,021 $26.3M Reduce -4.9%
JPM JPMorgan Chase & Co. 1.87% 64,836 $21.2M Reduce -4.0%
MELI MercadoLibre Inc. 1.86% 12,463 $21.2M Reduce -3.2%
RISE Pictet Em Rising Eco ETF 1.81% 1,141,400 $20.6M New
V Visa Inc. Class A 1.76% 58,368 $20.0M Add +4.7%
BN Brookfield Corp. 1.75% 464,597 $19.8M Add +4.6%
MU Micron Technology Inc. 1.74% 17,108 $19.7M Reduce -25.9%
AIRR First Trust Rba American Ind 1.72% 146,319 $19.5M Reduce -6.1%
IAU iShares Gold Trust 1.65% 248,044 $18.7M Reduce -0.1%
UBS UBS Group AG-Reg 1.62% 369,357 $18.3M Reduce -0.1%
META Meta Platforms Inc. Class A 1.55% 31,146 $17.5M Reduce -2.6%
BRK.B Berkshire Hathaway Inc. Class B 1.42% 32,136 $16.1M Add +7.7%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 1.39% 7,946 $15.8M Reduce -17.2%
SPGI S&P Global Inc. 1.34% 37,302 $15.2M Add +19.6%
AAPL Apple Inc. 1.30% 51,052 $14.8M Reduce -11.5%
EMFI Pictet Em Debt ETF 1.29% 289,435 $14.7M New
AMD Advanced Micro Devices 1.17% 22,889 $13.3M Reduce -4.6%
ORLY O'reilly Automotive Inc. 1.15% 141,239 $13.0M Add +18.8%
HLT Hilton Worldwide Holdings Inc. 1.12% 38,453 $12.7M Add +14.6%
MCD McDonald's Corp. 1.09% 45,743 $12.4M Add +18.4%
GE General Electric filed as GE AEROSPACE 1.01% 30,808 $11.5M Add +1.6%
GOOG Alphabet Inc. Class C 1.00% 32,136 $11.4M Add +0.3%
TPG TPG Inc. 0.94% 263,200 $10.7M No change
SIHY Harbor Ares Systemt Hi YD-US 0.93% 232,594 $10.6M Reduce -9.6%
AMRZ Amrize Ltd. 0.80% 171,927 $9.1M Reduce -0.4%
NVDA Nvidia Corp. 0.77% 43,698 $8.7M Reduce -13.7%
LLY Eli Lilly & Co. 0.77% 7,280 $8.7M Add +1.2%
AVGO Broadcom Inc. 0.75% 22,418 $8.5M Add +0.7%
EWL iShares MSCI Switzerland ETF 0.61% 109,414 $6.9M Reduce -8.0%
EWU iShares MSCI United Kingdom 0.57% 139,982 $6.5M Add +1.5%
MA Mastercard Inc. Class A 0.52% 11,592 $6.0M Add +1.8%
RELX Relx PLC - Spon ADR 0.50% 180,566 $5.7M New
FAST Fastenal Co. 0.48% 112,581 $5.4M Add +1.3%
TTE Totalenergies SE 0.46% 66,539 $5.2M Reduce -1.1%
IEUR iShares Core MSCI Europe ETF 0.45% 68,531 $5.2M Add +2.0%
EWQ iShares MSCI France ETF 0.43% 108,543 $4.9M Reduce -6.9%
CVX Chevron Corp. 0.43% 29,674 $4.9M Reduce -12.2%
EZU iShares MSCI Eurozone ETF 0.42% 68,853 $4.8M No change
ADP Automatic Data Processing 0.40% 20,165 $4.5M Reduce -41.7%
TMO Thermo Fisher Scientific Inc. 0.37% 8,280 $4.2M Add +1.9%
CME Cme Group Inc. 0.36% 18,299 $4.0M Add +27.6%
PM Philip Morris International 0.34% 21,374 $3.9M Reduce -11.1%
EWJ iShares MSCI Japan ETF 0.34% 41,420 $3.9M Reduce -65.2%
IYR iShares US Real Estate ETF 0.34% 37,434 $3.8M No change
VGK Vanguard Ftse Europe ETF 0.31% 40,232 $3.6M Reduce -70.4%
EWT iShares MSCI Taiwan ETF 0.31% 32,409 $3.5M No change
HD Home Depot Inc. 0.30% 9,761 $3.4M Add +0.8%
OTIS Otis Worldwide Corp. 0.30% 46,976 $3.4M Reduce -46.4%
CB Chubb Ltd. 0.28% 9,430 $3.2M Add +1.1%
BSX Boston Scientific Corp. 0.27% 72,976 $3.1M Add +0.4%
UBER Uber Technologies Inc. 0.26% 41,364 $3.0M Add +2.3%
AMAT Applied Materials Inc. 0.26% 4,114 $3.0M Reduce -3.6%
INDA iShares MSCI India ETF 0.26% 59,776 $2.9M Add +11.0%
PG The Procter & Gamble Co. 0.26% 20,046 $2.9M Reduce -5.2%
UNP Union Pacific Corp. 0.25% 10,482 $2.9M Add +2.3%
QQQ Invesco QQQ Trust Series 1 0.25% 3,846 $2.8M No change
LIN Linde PLC 0.25% 5,435 $2.8M Reduce -4.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.24% 3,662 $2.7M Reduce -48.3%
VCIT Vanguard Int-Term Corporate 0.23% 31,370 $2.6M Reduce -6.1%
IGF iShares Global Infrastructur 0.21% 35,452 $2.4M No change
ACWI iShares MSCI Acwi ETF 0.20% 14,305 $2.2M Reduce -2.0%
PH Parker Hannifin Corp. 0.19% 2,171 $2.1M Add +5.4%
RTX RTX Corp. 0.17% 10,331 $2.0M No change
CRM Salesforce Inc. 0.17% 12,510 $2.0M Add +95.5%
TDG Transdigm Group Inc. 0.17% 1,408 $1.9M New
VNQI Vanguard GLBL Ex-US Real Est 0.16% 40,022 $1.8M No change
BRO Brown & Brown Inc. 0.15% 26,360 $1.7M Reduce -69.5%
IEUS iShares MSCI Europe Small-Ca 0.15% 24,275 $1.7M Reduce -0.2%
TXN Texas Instruments Inc. 0.15% 5,600 $1.7M No change
DHR Danaher Corp. 0.14% 8,399 $1.6M Add +2.0%
CPRT Copart Inc. 0.13% 52,626 $1.5M Add +3.7%
XLV SS Health Care Select Sector 0.13% 9,054 $1.4M Reduce -22.7%
UNH Unitedhealth Group Inc. 0.13% 3,419 $1.4M Reduce -0.6%
DFUV Dimensional US Marketwide Va 0.13% 25,825 $1.4M No change
LEMB iShares JP Morgan Em Local C 0.12% 33,309 $1.4M Reduce -1.4%
IXN iShares Global Tech ETF 0.12% 9,077 $1.3M Reduce -48.7%
EEM iShares MSCI Emerging Market 0.11% 17,941 $1.2M Add +36.0%
XLK SS Technology Select Sector 0.11% 6,374 $1.2M No change
RSP Invesco S&P 500 Equal Weight 0.11% 5,690 $1.2M No change
EWA iShares MSCI Australia ETF 0.10% 42,141 $1.2M Add +258.9%
VWO Vanguard Ftse Emerging Marke 0.10% 19,530 $1.2M Reduce -2.6%
CBRS Cerebras Systems Inc. Class A 0.10% 5,050 $1.1M New
FXI iShares China Large-Cap ETF 0.09% 33,059 $1.0M Reduce -10.2%
BX Blackstone Inc. 0.09% 8,800 $1.0M No change
QCOM Qualcomm Inc. 0.09% 5,500 $1.0M No change
ADBE Adobe Inc. 0.09% 4,823 $989K Add +1.8%
XBI SS SPDR S&P Biotech ETF 0.08% 6,020 $953K No change
ACWX iShares MSCI Acwi Ex US ETF 0.08% 12,450 $948K No change
JNJ Johnson & Johnson 0.08% 3,550 $902K No change
NEE Nextera Energy Inc. 0.08% 10,100 $886K No change
VCSH Vanguard S/T Corp. Bond ETF 0.08% 11,195 $885K Reduce -4.4%
CMG Chipotle Mexican Grill Inc. 0.08% 26,000 $884K No change
MRK Merck & Co. Inc. 0.08% 6,875 $883K No change
GIGB Goldman Sachs Inv GRD Corp. 0.08% 18,900 $868K No change
VGIT Vanguard Intermediate-Term T 0.07% 14,120 $833K Add +77.5%
CSCO Cisco Systems Inc. 0.07% 6,500 $760K No change
VGSH Vanguard Short-Term Treasury 0.06% 12,600 $733K Reduce -2.3%
IVW iShares S&P 500 Growth ETF 0.06% 4,872 $670K No change
EWC iShares MSCI Canada ETF 0.05% 10,553 $608K No change
COST Costco Wholesale Corp. 0.05% 600 $561K No change
VBIL Vanguard 0-3M T-Bill ETF 0.05% 6,800 $515K Reduce -49.6%
VTV Vanguard Mrngstr Val ETF-Aui 0.04% 2,133 $465K No change
EWY iShares MSCI South Korea ETF 0.04% 2,265 $457K No change
SLV iShares Silver Trust 0.04% 8,470 $453K No change
DE Deere & Co. 0.04% 710 $450K Add +5.5%
VNM Vaneck Vietnam ETF 0.04% 24,178 $447K No change
BND Vanguard Total Bond Market 0.04% 6,000 $440K No change
HDB HDFC Bank Ltd.-ADR 0.04% 16,928 $437K No change
ISRG Intuitive Surgical Inc. 0.04% 1,079 $429K Add +3.1%
SDY SS SPDR S&P Dividend ETF 0.04% 2,682 $408K No change
HON Honeywell International Inc. 0.04% 1,787 $400K No change
THD iShares MSCI Thailand ETF 0.04% 5,488 $397K No change
HONA Honeywell Aerospace Inc. 0.03% 1,787 $395K No change
VWOB Vanguard Emerg MKTS Gov BND 0.03% 5,812 $391K No change
CQQQ Invesco China Technology ETF 0.03% 6,815 $389K Add +24.8%
FEZ State Street SPDR Euro Stoxx 0.03% 5,520 $379K No change
SLB SLB Ltd. filed as SLB LIMITED 0.03% 8,000 $372K No change
PEP Pepsico Inc. 0.03% 2,600 $352K No change
EWG iShares MSCI Germany ETF 0.03% 8,380 $347K No change
WMT Walmart Inc. 0.03% 3,000 $340K Reduce -4.5%
ORCL Oracle Corp. 0.03% 2,300 $337K Reduce -2.5%
IYJ iShares U.S. Industrials ETF 0.03% 1,891 $315K No change
EIDO iShares MSCI Indonesia ETF 0.03% 27,659 $313K No change
IWM iShares Russell 2000 ETF 0.03% 1,036 $311K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 2,000 $303K No change
CTAS Cintas Corp. 0.03% 1,780 $303K No change
SPYM Ste STR SPDR PT S&P 500 ETF 0.03% 3,362 $295K No change
XLF SS Financial Select Sector 0.03% 5,467 $293K No change
DGRW Wisdomtree U.S. Quality Divi 0.03% 3,000 $287K Reduce -17.7%
OEF iShares S&P 100 ETF 0.02% 765 $280K No change
BLK BlackRock Inc. 0.02% 289 $278K Reduce -36.8%
XLE SS Energy Select Sector 0.02% 5,214 $277K No change
CG The Carlyle Group Inc. 0.02% 5,950 $251K No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.02% 5,492 $249K No change
AN Autonation Inc. 0.02% 1,320 $245K No change
CTVA Corteva Inc. 0.02% 2,819 $239K No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.02% 3,000 $238K No change
ICVT iShares Convertible Bond ETF 0.02% 1,934 $235K Reduce -72.1%
CNYA iShares MSCI China A ETF 0.02% 6,099 $234K No change
KLAC KLA Corp. 0.02% 666 $201K New
SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI 0.01% 15,730 $91K New

Portfolio Sells Q1 2026 → Q2 2026
VGK Vanguard Ftse Europe ETF Reduce -70.4% 0.31% −0.80
EWJ iShares MSCI Japan ETF Reduce -65.2% 0.34% −0.66
IAU iShares Gold Trust Reduce -0.1% 1.65% −0.52
JMBS Janus Henderson Mortg Backed Reduce -4.9% 2.32% −0.44
PYLD PIMCO Multisector Bond Actv Reduce -5.5% 2.46% −0.44
BRO Brown & Brown Inc. Reduce -69.5% 0.15% −0.41
OTIS Otis Worldwide Corp. Reduce -46.4% 0.30% −0.37
MELI MercadoLibre Inc. Reduce -3.2% 1.86% −0.35
ADP Automatic Data Processing Reduce -41.7% 0.40% −0.30
META Meta Platforms Inc. Class A Reduce -2.6% 1.55% −0.27
CVX Chevron Corp. Reduce -12.2% 0.43% −0.26
SPY SS SPDR S&P 500 ETF Trust-US Reduce -48.3% 0.24% −0.22
SIHY Harbor Ares Systemt Hi YD-US Reduce -9.6% 0.93% −0.21
IEFA iShares Core MSCI Eafe ETF Sold out 0.00% −0.19
TTE Totalenergies SE Reduce -1.1% 0.46% −0.17
AAPL Apple Inc. Reduce -11.5% 1.30% −0.15
AMRZ Amrize Ltd. Reduce -0.4% 0.80% −0.12
JAAA Janus Henderson Aaa Clo ETF Sold out 0.00% −0.11
NVDA Nvidia Corp. Reduce -13.7% 0.77% −0.11
JPM JPMorgan Chase & Co. Reduce -4.0% 1.87% −0.10
EWL iShares MSCI Switzerland ETF Reduce -8.0% 0.61% −0.09
ZTS Zoetis Inc. Sold out 0.00% −0.07
EWQ iShares MSCI France ETF Reduce -6.9% 0.43% −0.07
JBBB Janus Henderson B-BBB Clo Et Sold out 0.00% −0.06
IXN iShares Global Tech ETF Reduce -48.7% 0.12% −0.06
VBIL Vanguard 0-3M T-Bill ETF Reduce -49.6% 0.05% −0.06
PM Philip Morris International Reduce -11.1% 0.34% −0.05
ICVT iShares Convertible Bond ETF Reduce -72.1% 0.02% −0.05
VCIT Vanguard Int-Term Corporate Reduce -6.1% 0.23% −0.05
PG The Procter & Gamble Co. Reduce -5.2% 0.26% −0.04
XLV SS Health Care Select Sector Reduce -22.7% 0.13% −0.04
CP Canadian Pacific Kansas City Sold out 0.00% −0.04
FXI iShares China Large-Cap ETF Reduce -10.2% 0.09% −0.04
INCO Columbia India Consumer ETF Sold out 0.00% −0.04
ICE Intercontinental Exchange Inc. Sold out 0.00% −0.03
LIN Linde PLC Reduce -4.0% 0.25% −0.03
VB Vanguard Most SM-Cap ETF-Usd Sold out 0.00% −0.03
BLK BlackRock Inc. Reduce -36.8% 0.02% −0.02
VCSH Vanguard S/T Corp. Bond ETF Reduce -4.4% 0.08% −0.01
LEMB iShares JP Morgan Em Local C Reduce -1.4% 0.12% −0.01
IEUS iShares MSCI Europe Small-Ca Reduce -0.2% 0.15% −0.01
VGSH Vanguard Short-Term Treasury Reduce -2.3% 0.06% −0.01
WMT Walmart Inc. Reduce -4.5% 0.03% −0.01
DGRW Wisdomtree U.S. Quality Divi Reduce -17.7% 0.03% −0.01
VWO Vanguard Ftse Emerging Marke Reduce -2.6% 0.10% −0.00
ORCL Oracle Corp. Reduce -2.5% 0.03% −0.00
ACWI iShares MSCI Acwi ETF Reduce -2.0% 0.20% −0.00
AIRR First Trust Rba American Ind Reduce -6.1% 1.72% +0.00
GOOGL Alphabet Inc. Class A Reduce -9.1% 3.81% +0.01
UNH Unitedhealth Group Inc. Reduce -0.6% 0.13% +0.03

Portfolio Buys Q1 2026 → Q2 2026
VT Vanguard Tot World STK ETF Add +943.2% 2.86% +2.58
RISE Pictet Em Rising Eco ETF New 1.81% +1.81
EMFI Pictet Em Debt ETF New 1.29% +1.29
RELX Relx PLC - Spon ADR New 0.50% +0.50
URTH iShares MSCI World ETF Add +8.4% 3.10% +0.24
TDG Transdigm Group Inc. New 0.17% +0.17
GE General Electric Add +1.6% 1.01% +0.16
LLY Eli Lilly & Co. Add +1.2% 0.77% +0.11
HLT Hilton Worldwide Holdings Inc. Add +14.6% 1.12% +0.11
CBRS Cerebras Systems Inc. Class A New 0.10% +0.10
V Visa Inc. Class A Add +4.7% 1.76% +0.09
GOOG Alphabet Inc. Class C Add +0.3% 1.00% +0.09
EWA iShares MSCI Australia ETF Add +258.9% 0.10% +0.07
MSFT Microsoft Corp. Add +14.3% 3.16% +0.07
AMZN Amazon.com Inc. Add +0.8% 2.94% +0.07
AVGO Broadcom Inc. Add +0.7% 0.75% +0.06
ORLY O'reilly Automotive Inc. Add +18.8% 1.15% +0.06
CRM Salesforce Inc. Add +95.5% 0.17% +0.05
EEM iShares MSCI Emerging Market Add +36.0% 0.11% +0.03
VGIT Vanguard Intermediate-Term T Add +77.5% 0.07% +0.03
SPGI S&P Global Inc. Add +19.6% 1.34% +0.02
KLAC KLA Corp. New 0.02% +0.02
INDA iShares MSCI India ETF Add +11.0% 0.26% +0.01
CQQQ Invesco China Technology ETF Add +24.8% 0.03% +0.01
SBS Cia Saneamento Basico DE-ADR New 0.01% +0.01
UNP Union Pacific Corp. Add +2.3% 0.25% +0.00
PH Parker Hannifin Corp. Add +5.4% 0.19% +0.00
DE Deere & Co. Add +5.5% 0.04% +0.00
BRK.B Berkshire Hathaway Inc. Class B Add +7.7% 1.42% −0.00
ISRG Intuitive Surgical Inc. Add +3.1% 0.04% −0.01
HD Home Depot Inc. Add +0.8% 0.30% −0.01
DHR Danaher Corp. Add +2.0% 0.14% −0.01
IEUR iShares Core MSCI Europe ETF Add +2.0% 0.45% −0.01
CB Chubb Ltd. Add +1.1% 0.28% −0.02
UBER Uber Technologies Inc. Add +2.3% 0.26% −0.03
ADBE Adobe Inc. Add +1.8% 0.09% −0.03
TMO Thermo Fisher Scientific Inc. Add +1.9% 0.37% −0.03
BN Brookfield Corp. Add +4.6% 1.75% −0.03
FAST Fastenal Co. Add +1.3% 0.48% −0.04
CPRT Copart Inc. Add +3.7% 0.13% −0.04
MA Mastercard Inc. Class A Add +1.8% 0.52% −0.04
EWU iShares MSCI United Kingdom Add +1.5% 0.57% −0.05
CME Cme Group Inc. Add +27.6% 0.36% −0.06
MCD McDonald's Corp. Add +18.4% 1.09% −0.10
YUMC Yum China Holdings Inc. Add +26.7% 2.44% −0.15
BSX Boston Scientific Corp. Add +0.4% 0.27% −0.18
SONY Sony Group Corp. - SP ADR Add +6.3% 2.98% −0.28
ALC Alcon Inc. Add +2.3% 2.53% −0.51
AZN Astrazeneca PLC Add +0.9% 3.61% −0.56
GLD SPDR Gold Shares Add +0.5% 5.07% −1.57

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