Swiss Life Asset Management Ltd
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed December 9, 2025), Swiss Life Asset Management Ltd reported 585 stock positions worth $8.5 billion. Its top holding was Microsoft (MSFT) at 6.6% of the portfolio, followed by Nvidia (NVDA, 6.2%) and Apple (AAPL, 5.7%). Compared with Q1 2024, it opened 65 new positions, sold out of 13, added to 359 and reduced 146. The biggest buy was Nvidia (NVDA, shares +11%) and the biggest sale Salesforce (CRM, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- Zurich, V8
- CIK
- 0001637689
- Portfolio Value
- $8.5B (Q2 2024)
- SEC Filing
- 0001172661-25-005247 ↗ filed Dec 9, 2025
Holdings Value
Holdings 585 stocks · $8.5B
| MSFT Microsoft Corp. | 6.58% | 1,247,999 | $557.8M | Add +9.8% |
| NVDA Nvidia Corp. | 6.19% | 4,246,357 | $524.6M | Add +11.2% |
| AAPL Apple Inc. | 5.72% | 2,303,547 | $485.2M | Add +9.9% |
| EEM iShares MSCI Emerging Market | 4.34% | 8,648,266 | $368.3M | No change |
| AMZN Amazon.com Inc. | 3.27% | 1,433,499 | $277.0M | Add +10.0% |
| GOOGL Alphabet Inc. Class A | 2.07% | 961,828 | $175.2M | Add +6.9% |
| META Meta Platforms Inc. Class A | 2.00% | 335,729 | $169.3M | Add +14.6% |
| GOOG Alphabet Inc. Class C | 1.74% | 804,133 | $147.5M | Add +12.1% |
| AVGO Broadcom Inc. | 1.58% | 83,701 | $134.4M | Add +8.4% |
| MO Altria Group Inc. | 1.55% | 2,894,419 | $131.8M | Add +3.3% |
| LLY Eli Lilly & Co. | 1.54% | 144,370 | $130.7M | Add +15.6% |
| UNH Unitedhealth Group Inc. | 1.10% | 183,325 | $93.4M | Reduce -1.5% |
| COST Costco Wholesale Corp. | 1.02% | 101,634 | $86.4M | Add +3.3% |
| TSLA Tesla Inc. | 1.01% | 431,843 | $85.5M | Add +11.7% |
| VZ Verizon Communications Inc. | 1.00% | 2,054,705 | $84.7M | Add +15.2% |
| JPM JPMorgan Chase & Co. | 0.92% | 386,928 | $78.3M | Add +7.8% |
| JNJ Johnson & Johnson | 0.88% | 513,029 | $75.0M | Add +21.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.88% | 429,580 | $74.3M | Add +12.2% |
| ABBV Abbvie Inc. | 0.87% | 428,767 | $73.5M | Add +11.6% |
| HD Home Depot Inc. | 0.81% | 199,387 | $68.6M | Add +8.1% |
| PG The Procter & Gamble Co. | 0.80% | 412,487 | $68.0M | Add +56.1% |
| V Visa Inc. Class A | 0.69% | 222,822 | $58.5M | Add +12.5% |
| MMM 3M Co. | 0.67% | 556,438 | $56.9M | Add +3.3% |
| TXN Texas Instruments Inc. | 0.65% | 283,419 | $55.1M | Add +17.2% |
| AMGN Amgen Inc. | 0.65% | 175,873 | $54.9M | Add +55.3% |
| MRK Merck & Co. Inc. | 0.64% | 436,915 | $54.1M | Add +13.0% |
| PM Philip Morris International | 0.62% | 515,347 | $52.2M | Add +5.4% |
| ADBE Adobe Inc. | 0.61% | 92,400 | $51.3M | Add +10.2% |
| T AT&T Inc. | 0.60% | 2,680,073 | $51.2M | Add +18.0% |
| XOM Exxon Mobil Corp. | 0.59% | 437,897 | $50.4M | Add +0.1% |
| INTU Intuit Inc. | 0.57% | 73,518 | $48.3M | Add +7.4% |
| DOW Dow Inc. | 0.56% | 888,032 | $47.1M | Reduce -0.7% |
| BLK BlackRock Finance Inc. | 0.53% | 57,245 | $45.1M | Add +2.0% |
| QCOM Qualcomm Inc. | 0.53% | 226,248 | $45.1M | Add +4.4% |
| ORCL Oracle Corp. | 0.53% | 318,131 | $44.9M | Add +6.2% |
| BX Blackstone Inc. | 0.52% | 354,686 | $43.9M | Add +1.4% |
| UPS United Parcel Service Class B | 0.51% | 313,043 | $42.8M | Add +15.0% |
| AMD Advanced Micro Devices | 0.49% | 258,767 | $42.0M | Add +16.1% |
| CSCO Cisco Systems Inc. | 0.49% | 875,753 | $41.6M | Add +33.2% |
| MA Mastercard Inc. Class A | 0.49% | 94,139 | $41.5M | Reduce -5.9% |
| CVX Chevron Corp. | 0.49% | 265,459 | $41.5M | Add +26.5% |
| CRM Salesforce Inc. | 0.48% | 159,737 | $41.1M | Reduce -1.5% |
| NFLX Netflix Inc. | 0.47% | 58,742 | $39.6M | Reduce -0.1% |
| MCD McDonald's Corp. | 0.46% | 154,457 | $39.4M | Add +13.2% |
| PFE Pfizer Inc. | 0.46% | 1,391,143 | $38.9M | Add +17.8% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.44% | 325,440 | $37.5M | Add +4.2% |
| ADP Automatic Data Processing | 0.44% | 155,086 | $37.0M | Add +13.2% |
| ACN Accenture PLC Class A | 0.43% | 120,531 | $36.6M | Add +9.3% |
| SO The Southern Co. | 0.43% | 471,223 | $36.6M | Add +4.1% |
| LRCX Lam Research Corp. | 0.43% | 33,913 | $36.1M | Add +6.8% |
| MS Morgan Stanley | 0.42% | 365,418 | $35.5M | Add +5.6% |
| OKE Oneok Inc. | 0.41% | 428,247 | $34.9M | Add +14.0% |
| KMI Kinder Morgan Inc. | 0.41% | 1,746,101 | $34.7M | Add +16.7% |
| PGR Progressive Corp. | 0.40% | 163,989 | $34.1M | Add +8.3% |
| NOW ServiceNow Inc. | 0.39% | 41,813 | $32.9M | Reduce -4.4% |
| DRI Darden Restaurants Inc. | 0.38% | 214,695 | $32.5M | Reduce -0.8% |
| ETN Eaton Corp. PLC | 0.37% | 100,709 | $31.6M | Add +9.4% |
| PAYX Paychex Inc. | 0.37% | 266,078 | $31.5M | Add +7.3% |
| LYB Lyondellbasell Indu Class A | 0.37% | 326,307 | $31.2M | Add +3.3% |
| GILD Gilead Sciences Inc. | 0.35% | 434,485 | $29.8M | Reduce -4.8% |
| CAT Caterpillar Inc. | 0.34% | 86,473 | $28.8M | Add +9.8% |
| NEE Nextera Energy Inc. | 0.34% | 405,262 | $28.7M | Add +19.1% |
| FAST Fastenal Co. | 0.34% | 453,637 | $28.5M | Reduce -2.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.33% | 68,443 | $27.8M | Add +26.1% |
| WMB Williams Cos Inc. | 0.32% | 641,957 | $27.3M | Add +13.8% |
| TT Trane Technologies PLC | 0.32% | 82,345 | $27.1M | Add +15.1% |
| ADI Analog Devices Inc. | 0.32% | 117,396 | $26.8M | Add +32.2% |
| UNP Union Pacific Corp. | 0.31% | 117,473 | $26.6M | Add +9.3% |
| PANW Palo Alto Networks Inc. | 0.31% | 76,554 | $26.0M | Add +45.7% |
| NXPI NXP Semiconductors NV | 0.29% | 91,916 | $24.7M | Add +17.0% |
| FANG Diamondback Energy Inc. | 0.29% | 121,153 | $24.3M | Add +59.8% |
| WMT Walmart Inc. | 0.29% | 357,388 | $24.2M | Add +25.1% |
| KLAC KLA Corp. | 0.28% | 29,282 | $24.1M | Add +28.3% |
| BKNG Booking Holdings Inc. | 0.28% | 6,064 | $24.0M | Add +63.8% |
| AMAT Applied Materials Inc. | 0.28% | 101,769 | $24.0M | Add +23.7% |
| AMCR Amcor PLC | 0.28% | 2,431,608 | $23.8M | Add +1.3% |
| BBY Best Buy Co. Inc. | 0.27% | 274,358 | $23.1M | Add +4.5% |
| MDT Medtronic PLC | 0.27% | 291,446 | $22.9M | Add +5.5% |
| CMCSA Comcast Corp. Class A | 0.27% | 585,349 | $22.9M | Add +15.0% |
| GS Goldman Sachs Group Inc. | 0.27% | 50,604 | $22.9M | Add +53.3% |
| ABT Abbott Laboratories | 0.26% | 212,951 | $22.1M | Add +8.4% |
| USB US Bancorp | 0.26% | 557,016 | $22.1M | Add +2.8% |
| AFL Aflac Inc. | 0.26% | 245,711 | $21.9M | Add +3.7% |
| KO The Coca-Cola Co. | 0.26% | 342,777 | $21.8M | Add +118.4% |
| FIS Fidelity National Info Serv | 0.26% | 288,490 | $21.7M | Add +26.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.25% | 39,100 | $21.3M | Reduce -7.8% |
| DVN Devon Energy Corp. | 0.25% | 444,587 | $21.1M | Add +2.1% |
| BMY Bristol-Myers Squibb Co. | 0.25% | 505,239 | $21.0M | Reduce -7.6% |
| SBUX Starbucks Corp. | 0.25% | 269,459 | $21.0M | Add +8.6% |
| UBER Uber Technologies Inc. | 0.25% | 288,092 | $20.9M | Reduce -7.7% |
| NEM Newmont Corp. | 0.24% | 495,810 | $20.8M | Add +8.3% |
| RTX RTX Corp. | 0.24% | 205,372 | $20.6M | Add +22.6% |
| D Dominion Energy Inc. | 0.24% | 413,727 | $20.3M | Add +6.7% |
| KMB Kimberly-Clark Corp. | 0.23% | 144,088 | $19.9M | Add +94.4% |
| VRTX Vertex Pharmaceuticals Inc. | 0.23% | 42,109 | $19.7M | Add +101.8% |
| AXP American Express Co. | 0.23% | 83,914 | $19.4M | Add +13.3% |
| CME Cme Group Inc. | 0.23% | 98,631 | $19.4M | Add +3.1% |
| SPGI S&P Global Inc. | 0.23% | 43,008 | $19.2M | Add +7.8% |
| TFC Truist Financial Corp. | 0.22% | 483,805 | $18.8M | Add +2.5% |
| ISRG Intuitive Surgical Inc. | 0.22% | 42,225 | $18.8M | Add +11.8% |
Portfolio Sells Q1 2024 → Q2 2024
| CRM Salesforce Inc. | Reduce -1.5% | 0.48% | −0.19 |
| MA Mastercard Inc. Class A | Reduce -5.9% | 0.49% | −0.18 |
| UNH Unitedhealth Group Inc. | Reduce -1.5% | 1.10% | −0.18 |
| BMY Bristol-Myers Squibb Co. | Reduce -7.6% | 0.25% | −0.16 |
| DOW Dow Inc. | Reduce -0.7% | 0.56% | −0.16 |
| FAST Fastenal Co. | Reduce -2.3% | 0.34% | −0.16 |
| CAH Cardinal Health Inc. | Reduce -24.0% | 0.17% | −0.13 |
| DRI Darden Restaurants Inc. | Reduce -0.8% | 0.38% | −0.12 |
| DIS The Walt Disney Co. | Reduce -25.9% | 0.12% | −0.12 |
| GILD Gilead Sciences Inc. | Reduce -4.8% | 0.35% | −0.11 |
| TGT Target Corp. | Reduce -11.6% | 0.18% | −0.11 |
| PSX Phillips 66 | Reduce -67.9% | 0.03% | −0.09 |
| NUE Nucor Corp. | Reduce -74.2% | 0.02% | −0.09 |
| TJX TJX Companies Inc. | Reduce -29.3% | 0.17% | −0.09 |
| FISV Fiserv Inc. | Reduce -47.3% | 0.06% | −0.09 |
| UBER Uber Technologies Inc. | Reduce -7.7% | 0.25% | −0.09 |
| COF Capital One Financial Corp. | Reduce -61.5% | 0.04% | −0.09 |
| CNC Centene Corp. | Reduce -65.2% | 0.03% | −0.08 |
| SYY Sysco Corp. | Reduce -45.4% | 0.05% | −0.08 |
| NOW ServiceNow Inc. | Reduce -4.4% | 0.39% | −0.08 |
| WAT Waters Corp. | Reduce -79.5% | 0.01% | −0.07 |
| HAL Halliburton Co. | Reduce -60.8% | 0.03% | −0.07 |
| NVR NVR Inc. | Reduce -89.1% | 0.01% | −0.07 |
| FBIN Fortune Brands Innovations I | Reduce -85.8% | 0.01% | −0.06 |
| WDAY Workday Inc. Class A | Reduce -33.8% | 0.05% | −0.06 |
| FTV Fortive Corp. | Reduce -66.2% | 0.02% | −0.06 |
| WHR Whirlpool Corp. | Reduce -3.3% | 0.14% | −0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -7.8% | 0.25% | −0.06 |
| BEN Franklin Templeton Inc. | Reduce -0.8% | 0.11% | −0.06 |
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −0.05 |
| KR Kroger Co. | Reduce -55.7% | 0.03% | −0.05 |
| EBAY eBay Inc. | Reduce -59.9% | 0.03% | −0.05 |
| CBRE CBRE Group Inc. Class A | Reduce -45.4% | 0.04% | −0.05 |
| APO Apollo Global Management Inc. | Reduce -55.9% | 0.03% | −0.05 |
| LIN Linde PLC | Reduce -16.7% | 0.10% | −0.05 |
| PODD Insulet Corp. | Reduce -90.9% | 0.00% | −0.05 |
| DOCU Docusign Inc. | Reduce -61.7% | 0.02% | −0.05 |
| ALLE Allegion PLC | Reduce -54.0% | 0.02% | −0.05 |
| TEL Te Connectivity Ltd. | Sold out | 0.00% | −0.04 |
| DOC Healthpeak Properties Inc. | Reduce -65.0% | 0.02% | −0.04 |
| MAR Marriott International Class A | Reduce -4.2% | 0.15% | −0.04 |
| ED Consolidated Edison Inc. | Reduce -27.6% | 0.07% | −0.04 |
| MANH Manhattan Associates Inc. | Reduce -93.3% | 0.00% | −0.04 |
| OVV Ovintiv Inc. | Reduce -39.9% | 0.04% | −0.04 |
| GE General Electric | Reduce -29.1% | 0.05% | −0.04 |
| STLD Steel Dynamics Inc. | Reduce -28.9% | 0.04% | −0.04 |
| BLDR Builders Firstsource Inc. | Reduce -30.5% | 0.02% | −0.03 |
| ITW Illinois Tool Works | Reduce -12.5% | 0.06% | −0.03 |
| ETR Entergy Corp. | Reduce -38.3% | 0.04% | −0.03 |
| HST Host Hotels & Resorts Inc. | Reduce -23.7% | 0.04% | −0.03 |
Portfolio Buys Q1 2024 → Q2 2024
| NVDA Nvidia Corp. | Add +11.2% | 6.19% | +1.39 |
| AAPL Apple Inc. | Add +9.9% | 5.72% | +0.73 |
| GOOG Alphabet Inc. Class C | Add +12.1% | 1.74% | +0.22 |
| PG The Procter & Gamble Co. | Add +56.1% | 0.80% | +0.21 |
| AMGN Amgen Inc. | Add +55.3% | 0.65% | +0.20 |
| LLY Eli Lilly & Co. | Add +15.6% | 1.54% | +0.19 |
| GOOGL Alphabet Inc. Class A | Add +6.9% | 2.07% | +0.18 |
| AVGO Broadcom Inc. | Add +8.4% | 1.58% | +0.16 |
| XYL Xylem Inc. | Add +918.9% | 0.15% | +0.13 |
| KO The Coca-Cola Co. | Add +118.4% | 0.26% | +0.12 |
| VRTX Vertex Pharmaceuticals Inc. | Add +101.8% | 0.23% | +0.11 |
| URI United Rentals Inc. | Add +171.9% | 0.21% | +0.11 |
| ITRI Itron Inc. | New | 0.11% | +0.11 |
| KMB Kimberly-Clark Corp. | Add +94.4% | 0.23% | +0.10 |
| ACM Aecom | Add +2332.4% | 0.10% | +0.10 |
| PANW Palo Alto Networks Inc. | Add +45.7% | 0.31% | +0.10 |
| RPM RPM International Inc. | Add +2407.6% | 0.10% | +0.10 |
| BKNG Booking Holdings Inc. | Add +63.8% | 0.28% | +0.10 |
| BMI Badger Meter Inc. | New | 0.09% | +0.09 |
| CLX Clorox Company | Add +792.9% | 0.10% | +0.08 |
| IEX Idex Corp. | Add +939.1% | 0.10% | +0.08 |
| HPE Hewlett Packard Enterprise | Add +549.1% | 0.10% | +0.08 |
| MCO Moody's Corp. | Add +220.2% | 0.12% | +0.08 |
| GS Goldman Sachs Group Inc. | Add +53.3% | 0.27% | +0.08 |
| FANG Diamondback Energy Inc. | Add +59.8% | 0.29% | +0.08 |
| PEP Pepsico Inc. | Add +93.3% | 0.22% | +0.08 |
| CMI Cummins Inc. | Add +174.5% | 0.14% | +0.08 |
| CRH CRH PLC | Add +345.5% | 0.10% | +0.07 |
| ADI Analog Devices Inc. | Add +32.2% | 0.32% | +0.07 |
| LKQ LKQ Corp. | Add +711.3% | 0.09% | +0.07 |
| WSM Williams-Sonoma Inc. | New | 0.07% | +0.07 |
| AVB Avalonbay Communities Inc. | New | 0.07% | +0.07 |
| LPLA LPL Financial Holdings Inc. | New | 0.06% | +0.06 |
| TXN Texas Instruments Inc. | Add +17.2% | 0.65% | +0.06 |
| EME Emcor Group Inc. | New | 0.06% | +0.06 |
| KLAC KLA Corp. | Add +28.3% | 0.28% | +0.06 |
| TSLA Tesla Inc. | Add +11.7% | 1.01% | +0.06 |
| SBAC SBA Communications Corp. | Add +332.6% | 0.09% | +0.06 |
| ALGN Align Technology Inc. | Add +3322.4% | 0.06% | +0.06 |
| TSCO Tractor Supply Company | Add +212.9% | 0.10% | +0.06 |
| COP Conocophillips | Add +139.1% | 0.13% | +0.06 |
| OC Owens Corning | Add +109.7% | 0.13% | +0.06 |
| ZBH Zimmer Biomet Holdings Inc. | Add +303.4% | 0.09% | +0.06 |
| AYI Acuity Inc. | New | 0.06% | +0.06 |
| DFS Discover Financial Services | Add +160.6% | 0.09% | +0.05 |
| MTH Meritage Homes Corp. | New | 0.05% | +0.05 |
| MTD Mettler-Toledo International | Add +215.1% | 0.08% | +0.05 |
| PEG Public Service Enterprise GP | Add +58.7% | 0.15% | +0.05 |
| CCK Crown Holdings Inc. | New | 0.05% | +0.05 |
| T AT&T Inc. | Add +18.0% | 0.60% | +0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,610 | $23.6B | NVDA, AAPL, MSFT, GOOGL, AVGO |
| Q1 2026 | 1,506 | $20.4B | NVDA, AAPL, MSFT, GOOGL, AMZN |
| Q4 2025 | 1,381 | $19.6B | NVDA, MSFT, AAPL, GOOGL, AMZN |
| Q3 2025 | 1,192 | $19.2B | NVDA, MSFT, AAPL, GOOGL, META |
| Q2 2025 | 854 | $16.5B | NVDA, MSFT, AAPL, META, AMZN |
| Q1 2025 | 706 | $13.8B | MSFT, NVDA, AAPL, AMZN, META |
| Q4 2024 | 706 | $13.6B | NVDA, MSFT, AAPL, EEM, AMZN |
| Q3 2024 | 628 | $8.8B | AAPL, MSFT, NVDA, EEM, AMZN |
| Q2 2024 | 585 | $8.5B | MSFT, NVDA, AAPL, EEM, AMZN |
| Q1 2024 | 531 | $7.2B | MSFT, AAPL, EEM, NVDA, AMZN |