Saranac Partners Ltd

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), Saranac Partners Ltd reported 74 stock positions worth $255.6 million. Its top holding was Alphabet Class A (GOOGL) at 6.2% of the portfolio, followed by Microsoft (MSFT, 5.5%) and Mastercard Class A (MA, 4.0%). Compared with Q3 2025, it opened 4 new positions, sold out of 159, added to 43 and reduced 12. The biggest buy was Alphabet Class A (GOOGL, shares +22%) and the biggest sale an exit from iShares Core MSCI World (IRRRF).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0002098745
Portfolio Value
$255.6M (Q4 2025)
SEC Filing
0001214659-26-001272 ↗ filed Feb 6, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $163.3M Q1 2024 Q2 2024: $168.0M Q2 2024 Q3 2024: $66.3M Q3 2024 Q4 2024: $177.3M Q4 2024 Q1 2025: $173.1M Q1 2025 Q2 2025: $186.5M Q2 2025 Q3 2025: $476.5M Q3 2025 Q4 2025: $255.6M $255.6M Q4 2025 Q1 2026: $231.1M Q1 2026 Q2 2026: $311.6M Q2 2026

Holdings 74 stocks · $255.6M
GOOGL Alphabet Inc. Class A 6.16% 50,310 $15.8M Add +22.3%
MSFT Microsoft Corp. 5.53% 29,225 $14.1M Add +24.8%
MA Mastercard Inc. Class A 3.96% 17,703 $10.1M Add +23.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 3.70% 61,435 $9.5M Add +18.2%
AMZN Amazon.com Inc. 3.69% 40,807 $9.4M Add +64.2%
AVGO Broadcom Inc. 3.62% 26,732 $9.3M Reduce -14.3%
ABBV Abbvie Inc. 3.51% 39,243 $9.0M Add +26.3%
AAPL Apple Inc. 3.36% 31,501 $8.6M Add +4.5%
WMT Walmart Inc. 3.35% 76,790 $8.6M Add +17.6%
ICE Intercontinental Exchange Inc. 3.33% 52,479 $8.5M Add +29.0%
AME Ametek Inc. 3.24% 40,183 $8.3M Add +56.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 3.05% 141,810 $7.8M New
TSM Taiwan Semiconductor-SP ADR 2.91% 24,544 $7.4M Add +27.4%
BSX Boston Scientific Corp. 2.86% 76,646 $7.3M Add +25.6%
QCOM Qualcomm Inc. 2.83% 42,137 $7.2M Add +38.8%
ISRG Intuitive Surgical Inc. 2.68% 12,065 $6.9M Add +24.4%
ECL Ecolab Inc. 2.54% 24,744 $6.5M Add +20.0%
LVS Las Vegas Sands Corp. 2.53% 99,082 $6.5M Add +18.9%
AMAT Applied Materials Inc. 2.47% 24,487 $6.3M Add +3.8%
TT Trane Technologies PLC 2.43% 15,935 $6.2M Add +27.6%
CP Canadian Pacific Kansas City 2.34% 80,498 $6.0M New
HBAN Huntington Bancshares Inc. 2.31% 339,645 $5.9M Add +19.1%
UNH Unitedhealth Group Inc. 2.30% 17,821 $5.9M Add +23.1%
DHR Danaher Corp. 2.26% 25,192 $5.8M Add +10.2%
ADBE Adobe Inc. 2.09% 15,264 $5.3M Add +27.3%
ORCL Oracle Corp. 1.92% 25,177 $4.9M Add +29.5%
CDNS Cadence Design SYS Inc. 1.87% 15,262 $4.8M Add +25.5%
TRMB Trimble Inc. 1.85% 60,199 $4.7M Add +23.6%
VCSH Vanguard S/T Corp. Bond ETF 1.60% 51,185 $4.1M Reduce -0.2%
NOW ServiceNow Inc. 1.41% 23,460 $3.6M Add +7.6%
FISV Fiserv Inc. 1.22% 46,252 $3.1M Reduce -3.0%
ACWI iShares MSCI Acwi ETF 0.80% 14,500 $2.1M No change
PWR Quanta Services Inc. 0.70% 4,239 $1.8M Reduce -67.3%
COR Cencora Inc. 0.64% 4,837 $1.6M Add +787.5%
VOO Vanguard S&P 500 ETF 0.62% 2,523 $1.6M Add +51.2%
VCIT Vanguard Int-Term Corporate 0.55% 16,720 $1.4M Add +1.3%
META Meta Platforms Inc. Class A 0.51% 1,968 $1.3M Add +29.1%
SPGI S&P Global Inc. 0.47% 2,305 $1.2M Add +598.5%
VWO Vanguard Ftse Emerging Marke 0.45% 21,319 $1.1M Add +10.0%
TTE Totalenergies SE 0.38% 20,620 $977K Add +85.5%
TRUP Trupanion Inc. 0.36% 24,420 $913K No change
FXI iShares China Large-Cap ETF 0.32% 21,530 $824K Reduce -11.8%
LHX L3HARRIS Technologies Inc. 0.32% 2,797 $821K Reduce -42.6%
MTB M & T Bank Corp. filed as M & T BK CORP 0.32% 4,050 $816K New
NKE Nike Inc. Class B 0.26% 10,550 $672K Add +29.8%
PANW Palo Alto Networks Inc. 0.26% 3,596 $662K Add +12.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.26% 5,770 $656K Reduce -6.2%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.25% 6,026 $631K Reduce -15.5%
GOOG Alphabet Inc. Class C 0.24% 1,957 $614K Reduce -39.9%
VMBS Vanguard Mortgage-Backed Sec 0.22% 11,728 $552K Add +2.1%
ABT Abbott Laboratories 0.21% 4,335 $544K Add +5.5%
THC Tenet Healthcare Corp. 0.19% 2,463 $489K No change
KO The Coca-Cola Co. 0.18% 6,732 $471K Add +9.2%
VPL Vanguard Ftse Pacific ETF 0.18% 4,955 $448K Reduce -6.3%
INTU Intuit Inc. 0.17% 665 $441K No change
CVX Chevron Corp. 0.16% 2,636 $402K Reduce -56.6%
MFC Manulife Financial Corp. 0.15% 5,640 $386K New
LRCX Lam Research Corp. 0.15% 2,200 $377K No change
BMY Bristol-Myers Squibb Co. 0.14% 6,806 $367K Add +6.7%
HD Home Depot Inc. 0.13% 998 $344K Add +8.1%
JNJ Johnson & Johnson 0.13% 1,637 $339K Add +10.5%
CCEP Coca-Cola Europacific Partne 0.13% 3,708 $325K Add +9.1%
AMT American Tower Corp. 0.12% 1,721 $302K No change
MPC Marathon Petroleum Corp. 0.12% 1,826 $297K No change
EA Electronic Arts Inc. 0.12% 1,439 $294K No change
CSCO Cisco Systems Inc. 0.11% 3,725 $288K Add +10.2%
JPM JPMorgan Chase & Co. 0.11% 882 $284K Reduce -96.7%
HON Honeywell International Inc. 0.11% 1,447 $282K No change
OIH Vaneck Oil Services ETF 0.10% 934 $266K No change
AAXJ iShares MSCI All Country Asi 0.09% 2,500 $233K No change
FDX FedEx Corp. 0.09% 778 $225K No change
ETN Eaton Corp. PLC 0.09% 705 $225K No change
IEMG iShares Core MSCI Emerging 0.09% 3,300 $222K No change
FERG Ferguson Enterprises Inc. 0.08% 1,625 $201K No change

Options reported separately and not counted above: SPY puts ($125K), DLR puts ($33K), QQQ puts ($26K).

Portfolio Sells Q3 2025 → Q4 2025
IRRRF iShares Core MSCI World Sold out 0.00% −13.26
IMBXF iShares US MBS Usd Acc Sold out 0.00% −12.41
ISAPF iShares Core Em Imi Acc Sold out 0.00% −4.55
ISCXF iShares Usd Corp. Bond Usd A Sold out 0.00% −2.76
RYDAF Shell PLC Sold out 0.00% −1.72
JPM JPMorgan Chase & Co. Reduce -96.7% 0.11% −1.67
ESOCF Enel SPA Sold out 0.00% −1.58
IEMXF Ish Edg MSCI WLD MNVL Usd A Sold out 0.00% −1.53
BAESF Bae Systems PLC Sold out 0.00% −1.50
IITSF Intesa Sanpaolo Sold out 0.00% −1.46
DTEGF Deutsche Telekom AG-Reg Sold out 0.00% −1.34
LRLCF L'oreal Sold out 0.00% −1.22
PRYMF Prysmian SPA Sold out 0.00% −1.21
AIQUF Air Liquide SA Sold out 0.00% −1.20
HESAF Hermes International Sold out 0.00% −0.96
VNGDF Vang S&P500 Usdd Sold out 0.00% −0.89
PSHZF Pershing Square Holdings Ltd. Sold out 0.00% −0.68
VODPF Vodafone Group PLC Sold out 0.00% −0.62
KYCCF Keyence Corp. Sold out 0.00% −0.61
BPAQF BP PLC Sold out 0.00% −0.45
PWR Quanta Services Inc. Reduce -67.3% 0.70% −0.42
IEQWF iShares S&P500 Eq WT Usd Acc Sold out 0.00% −0.40
ISVQF iShares Usd Short Dur Usd A Sold out 0.00% −0.23
RWNFF Rwe AG Sold out 0.00% −0.22
AZN Astrazeneca PLC Sold out 0.00% −0.18
BABAF Alibaba Group Holding Ltd. Sold out 0.00% −0.16
RYLPF Koninklijke Philips NV Sold out 0.00% −0.15
NONOF Novo Nordisk A/S-B Sold out 0.00% −0.15
SNNUF Smith & Nephew PLC Sold out 0.00% −0.14
ENGQF Engie Sold out 0.00% −0.14
DASTF Dassault Systemes SE Sold out 0.00% −0.14
ELCPF Edp SA Sold out 0.00% −0.13
MBFJF Mitsubishi Ufj Financial Gro Sold out 0.00% −0.13
SAFRF Safran SA Sold out 0.00% −0.12
HBCYF HSBC Holdings PLC Sold out 0.00% −0.12
AXAHF AXA SA Sold out 0.00% −0.12
RLXXF Relx PLC Sold out 0.00% −0.10
TCEHY Tencent Holdings Ltd.-Uns ADR Sold out 0.00% −0.10
PROSF Prosus NV Sold out 0.00% −0.10
NGGTF National Grid PLC Sold out 0.00% −0.10
BTAFF British American Tobacco PLC Sold out 0.00% −0.09
ISRPF iShares Usd Corp. Bond Usd D Sold out 0.00% −0.08
FISV Fiserv Inc. Reduce -3.0% 1.22% −0.08
CPNG Coupang Inc. Sold out 0.00% −0.07
GLAXF GSK PLC Sold out 0.00% −0.07
VAL Valaris Ltd. Sold out 0.00% −0.07
DOGEF Orsted A/S Sold out 0.00% −0.07
VCISF Vinci SA Sold out 0.00% −0.06
TH Target Hospitality Corp. Sold out 0.00% −0.05
APPF Appfolio Inc. Class A Sold out 0.00% −0.05

Portfolio Buys Q3 2025 → Q4 2025
GOOGL Alphabet Inc. Class A Add +22.3% 6.16% +4.06
BAC Bank of America Corp. New 3.05% +3.05
MSFT Microsoft Corp. Add +24.8% 5.53% +2.99
AMZN Amazon.com Inc. Add +64.2% 3.69% +2.54
CP Canadian Pacific Kansas City New 2.34% +2.34
MA Mastercard Inc. Class A Add +23.4% 3.96% +2.25
AME Ametek Inc. Add +56.1% 3.24% +2.22
TJX TJX Companies Inc. Add +18.2% 3.70% +2.13
ABBV Abbvie Inc. Add +26.3% 3.51% +2.01
WMT Walmart Inc. Add +17.6% 3.35% +1.94
ICE Intercontinental Exchange Inc. Add +29.0% 3.33% +1.89
TSM Taiwan Semiconductor-SP ADR Add +27.4% 2.91% +1.79
ISRG Intuitive Surgical Inc. Add +24.4% 2.68% +1.77
QCOM Qualcomm Inc. Add +38.8% 2.83% +1.77
AAPL Apple Inc. Add +4.5% 3.36% +1.75
BSX Boston Scientific Corp. Add +25.6% 2.86% +1.61
LVS Las Vegas Sands Corp. Add +18.9% 2.53% +1.58
AMAT Applied Materials Inc. Add +3.8% 2.47% +1.46
ECL Ecolab Inc. Add +20.0% 2.54% +1.36
TT Trane Technologies PLC Add +27.6% 2.43% +1.33
DHR Danaher Corp. Add +10.2% 2.26% +1.32
HBAN Huntington Bancshares Inc. Add +19.1% 2.31% +1.28
UNH Unitedhealth Group Inc. Add +23.1% 2.30% +1.25
ADBE Adobe Inc. Add +27.3% 2.09% +1.20
TRMB Trimble Inc. Add +23.6% 1.85% +1.02
CDNS Cadence Design SYS Inc. Add +25.5% 1.87% +0.98
ORCL Oracle Corp. Add +29.5% 1.92% +0.77
COR Cencora Inc. Add +787.5% 0.64% +0.60
NOW ServiceNow Inc. Add +7.6% 1.41% +0.56
SPGI S&P Global Inc. Add +598.5% 0.47% +0.44
VOO Vanguard S&P 500 ETF Add +51.2% 0.62% +0.41
MTB M & T Bank Corp. New 0.32% +0.32
META Meta Platforms Inc. Class A Add +29.1% 0.51% +0.27
VCIT Vanguard Int-Term Corporate Add +1.3% 0.55% +0.26
TTE Totalenergies SE Add +85.5% 0.38% +0.24
VWO Vanguard Ftse Emerging Marke Add +10.0% 0.45% +0.23
MFC Manulife Financial Corp. New 0.15% +0.15
NKE Nike Inc. Class B Add +29.8% 0.26% +0.14
PANW Palo Alto Networks Inc. Add +12.7% 0.26% +0.12
VMBS Vanguard Mortgage-Backed Sec Add +2.1% 0.22% +0.10
KO The Coca-Cola Co. Add +9.2% 0.18% +0.10
ABT Abbott Laboratories Add +5.5% 0.21% +0.10
BMY Bristol-Myers Squibb Co. Add +6.7% 0.14% +0.08
JNJ Johnson & Johnson Add +10.5% 0.13% +0.07
CSCO Cisco Systems Inc. Add +10.2% 0.11% +0.06
CCEP Coca-Cola Europacific Partne Add +9.1% 0.13% +0.06
HD Home Depot Inc. Add +8.1% 0.13% +0.06

Options Activity Q3 2025 → Q4 2025
SPY SS SPDR S&P 500 ETF Trust-US put New 360 $125K
DLR Digital Realty Trust Inc. put New 42 $33K
QQQ Invesco QQQ Trust Series 1 put New 44 $26K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q3 2025 → Q4 2025
US TREASURY N/B (T 3.375 05/15/33) NOT · principal Sold out 6,900,000 $6.7Mbefore exit
US TREASURY N/B (T 3.875 08/15/33) NOT · principal Sold out 5,500,000 $5.5Mbefore exit
US TREASURY N/B (T 4.125 10/31/27) TREASURY · principal Sold out 2,406,000 $2.5Mbefore exit
SABINE PASS LIQUEFA 5 27 DUE 03/15/27 CORPORATE BONDS · principal Sold out 2,206,000 $2.2Mbefore exit
US TREASURY N/B (T 0.375 01/31/26) Fixed Income · principal Sold out 2,023,000 $2.0Mbefore exit
TSY INFL IX N/B (TII 0.375 01/15/27) #N/A · principal Sold out 1,500,000 $2.0Mbefore exit
US TREASURY N/B (T 0.75 03/31/26) FIXED · principal Sold out 1,962,000 $1.9Mbefore exit
US TREASURY N/B (T 0.875 06/30/26) NOT · principal Sold out 1,858,000 $1.8Mbefore exit
US TREASURY N/B (T 4.5 03/31/26) COUPON BEARING - U.S. · principal Sold out 1,717,000 $1.8Mbefore exit
UTAH ACQUISITION SUB (VTRS 3.95 06/15/26) FIXED · principal Sold out 1,708,000 $1.7Mbefore exit
T-MOBILE USA INC (TMUS 3.875 04/15/30) #N/A · principal Sold out 1,688,000 $1.7Mbefore exit
US TREASURY N/B (T 0.25 10/31/25) #N/A · principal Sold out 1,631,000 $1.6Mbefore exit
AT&T INC (T 2.3 06/01/27) FIX · principal Sold out 1,566,000 $1.5Mbefore exit
US TREASURY N/B (T 4 12/15/25) #N/A · principal Sold out 1,500,000 $1.5Mbefore exit
BANK OF AMERICA CORP (BAC 3.5 04/19/26 GMTN) FIX · principal Sold out 1,400,000 $1.4Mbefore exit
CENTENE CORP FIXED · principal Sold out 1,370,000 $1.4Mbefore exit
US TREASURY N/B (T 4.5 04/15/27) Bond · principal Sold out 1,310,000 $1.4Mbefore exit
METHANEX CORP (MXCN 5.25 12/15/29) Corporate Bond - Foreign US$ · principal Sold out 1,200,000 $1.2Mbefore exit
T-MOBILE USA INC (TMUS 5.05 07/15/33) #N/A · principal Sold out 1,150,000 $1.2Mbefore exit
VODAFONE GROUP PLC (VOD V7 04/04/79) Corporate Bond - Foreign US$ · principal Sold out 1,000,000 $1.1Mbefore exit
PULTEGROUP INC (PHM 5.5 03/01/26) FIXED · principal Sold out 1,073,000 $1.1Mbefore exit
CELANESE US HOLDINGS LLC (CE 7.55 11/15/30) Corporate Bond - Domestic · principal Sold out 1,000,000 $1.1Mbefore exit
US TREASURY N/B (T 4.625 09/15/26) TREASURY · principal Sold out 1,000,000 $1.0Mbefore exit
HAEMONETICS CORP (HAE 0 03/01/26) NOTE 3/0 · principal Sold out 1,000,000 $982Kbefore exit
SEA LTD (SEALTD 0.25 09/15/26) NOTE 0.250% 9/1 · principal Sold out 1,000,000 $966Kbefore exit
REGIONS FINANCIAL CORP (RF V5.722 06/06/30) #N/A · principal Sold out 900,000 $955Kbefore exit
CONFLUENT INC (CFLT 0 01/15/27) NOTE 1/1 · principal Sold out 1,000,000 $930Kbefore exit
MORGAN STANLEY 4.431 1/23/30 Fixed Income · principal Sold out 888,000 $900Kbefore exit
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) NOTE 12/0 · principal Sold out 925,000 $870Kbefore exit
US TREASURY N/B (T 4.25 01/31/26) Fixed Income · principal Sold out 800,000 $806Kbefore exit
FISERV INC (FISV 3.2 07/01/26) FIX · principal Sold out 800,000 $801Kbefore exit
MORGAN STANLEY (MS V3.591 07/22/28) CORPORATE BONDS · principal Sold out 790,000 $787Kbefore exit
AMERICAN EXPRESS CO (AXP 2.55 03/04/27) FIX · principal Sold out 800,000 $786Kbefore exit
UNITED RENTALS NORTH AM (URI 3.875 02/15/31) Corporate Bond - Domestic · principal Sold out 800,000 $761Kbefore exit
US TREASURY N/B (T 4.25 02/28/31) FIX · principal Sold out 700,000 $718Kbefore exit
METHANEX CORP (MXCN 5.125 10/15/27) Corporate Bond - Foreign US$ · principal Sold out 700,000 $718Kbefore exit
KINROSS GOLD CORP #N/A · principal Sold out 700,000 $710Kbefore exit
US TREASURY N/B (T 1.125 10/31/26) FIX · principal Sold out 704,000 $688Kbefore exit
UNITED RENTALS NORTH AM (URI 4.875 01/15/28) Corporate Bond - Domestic · principal Sold out 667,000 $672Kbefore exit
United States Treasury Note/Bond US Government Note/Bond · principal Sold out 680,000 $669Kbefore exit
FORD MOTOR COMPANY (F 4.346 12/08/26) CORPORATE BONDS · principal Sold out 662,000 $668Kbefore exit
TAPESTRY INC (TPR 3.05 03/15/32) #N/A · principal Sold out 700,000 $639Kbefore exit
US TREASURY N/B (T 4.125 03/31/29) TREASURY · principal Sold out 600,000 $609Kbefore exit
DELL INT LLC / EMC CORP (DELL 4.35 02/01/30) 5CVWGY4 · principal Sold out 600,000 $604Kbefore exit
US TREASURY N/B (T 2.625 12/31/25) #N/A · principal Sold out 600,000 $602Kbefore exit
TREASURY BILL (B 0 10/16/25) #N/A · principal Sold out 595,000 $594Kbefore exit
US TREASURY N/B (T 1.125 02/15/31) FIX · principal Sold out 600,000 $525Kbefore exit
ESPERION THERAPEUTICS (ESPR 4 11/15/25) NOTE 4.000%11/1 · principal Sold out 500,000 $501Kbefore exit
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal Sold out 500,000 $490Kbefore exit
BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal Sold out 500,000 $486Kbefore exit

Showing the first 50 of 91.

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 112$311.6MGOOGL, AMZN, MSFT, AVGO, MA
Q1 2026 91$231.1MGOOGL, MSFT, AMZN, AVGO, MA
Q4 2025 74$255.6MGOOGL, MSFT, MA, TJX, AMZN
Q3 2025 229$476.5MIRRRF, IMBXF, ISAPF, ISCXF, MSFT
Q2 2025 66$186.5MMSFT, AVGO, MA, JPM, GOOGL
Q1 2025 76$173.1MMSFT, MA, ICE, ABBV, GOOGL
Q4 2024 76$177.3MMSFT, GOOGL, WMT, MA, AAPL
Q3 2024 22$66.3MGOOGL, AAPL, ABBV, AME, COR
Q2 2024 73$168.0MMSFT, GOOGL, WMT, MA, TJX
Q1 2024 80$163.3MMSFT, GOOGL, MA, WMT, ABBV