Swiss Life Asset Management Ltd
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed December 9, 2025), Swiss Life Asset Management Ltd reported 628 stock positions worth $8.8 billion. Its top holding was Apple (AAPL) at 6.0% of the portfolio, followed by Microsoft (MSFT, 5.8%) and Nvidia (NVDA, 5.7%). Compared with Q2 2024, it opened 72 new positions, sold out of 30, added to 191 and reduced 347. The biggest buy was 3M (MMM, shares +5%) and the biggest sale Microsoft (MSFT, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- Zurich, V8
- CIK
- 0001637689
- Portfolio Value
- $8.8B (Q3 2024)
- SEC Filing
- 0001172661-25-005246 ↗ filed Dec 9, 2025
Holdings Value
Holdings 628 stocks · $8.8B
| AAPL Apple Inc. | 5.99% | 2,261,216 | $526.7M | Reduce -1.8% |
| MSFT Microsoft Corp. | 5.79% | 1,183,827 | $509.3M | Reduce -5.1% |
| NVDA Nvidia Corp. | 5.66% | 4,100,627 | $497.8M | Reduce -3.4% |
| EEM iShares MSCI Emerging Market | 4.51% | 8,648,266 | $396.6M | No change |
| AMZN Amazon.com Inc. | 2.93% | 1,383,759 | $257.8M | Reduce -3.5% |
| META Meta Platforms Inc. Class A | 2.10% | 323,303 | $185.0M | Reduce -3.7% |
| GOOGL Alphabet Inc. Class A | 1.77% | 937,273 | $155.4M | Reduce -2.5% |
| MO Altria Group Inc. | 1.69% | 2,913,861 | $148.7M | Add +0.7% |
| AVGO Broadcom Inc. | 1.58% | 807,977 | $139.3M | Reduce -3.5% |
| LLY Eli Lilly & Co. | 1.43% | 142,027 | $125.8M | Reduce -1.6% |
| GOOG Alphabet Inc. Class C | 1.36% | 717,162 | $119.9M | Reduce -10.8% |
| TSLA Tesla Inc. | 1.25% | 419,193 | $109.6M | Reduce -2.9% |
| UNH Unitedhealth Group Inc. | 1.18% | 177,241 | $103.6M | Reduce -3.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.06% | 420,085 | $92.9M | Reduce -2.2% |
| HD Home Depot Inc. | 0.95% | 206,365 | $83.6M | Add +3.5% |
| VZ Verizon Communications Inc. | 0.94% | 1,838,775 | $82.6M | Reduce -10.5% |
| ABBV Abbvie Inc. | 0.94% | 417,056 | $82.3M | Reduce -2.7% |
| JNJ Johnson & Johnson | 0.92% | 501,111 | $81.2M | Reduce -2.3% |
| COST Costco Wholesale Corp. | 0.91% | 90,770 | $80.5M | Reduce -10.7% |
| MMM 3M Co. | 0.91% | 584,500 | $79.9M | Add +5.0% |
| JPM JPMorgan Chase & Co. | 0.79% | 329,308 | $69.4M | Reduce -14.9% |
| PM Philip Morris International | 0.70% | 506,803 | $61.5M | Reduce -1.7% |
| V Visa Inc. Class A | 0.67% | 213,860 | $58.8M | Reduce -4.0% |
| PG The Procter & Gamble Co. | 0.65% | 331,531 | $57.4M | Reduce -19.6% |
| TXN Texas Instruments Inc. | 0.65% | 275,010 | $56.8M | Reduce -3.0% |
| T AT&T Inc. | 0.63% | 2,510,838 | $55.2M | Reduce -6.3% |
| BX Blackstone Inc. | 0.61% | 350,315 | $53.6M | Reduce -1.2% |
| BLK BlackRock Finance Inc. | 0.60% | 55,925 | $53.1M | Reduce -2.3% |
| ORCL Oracle Corp. | 0.59% | 305,250 | $52.0M | Reduce -4.0% |
| CRM Salesforce Inc. | 0.58% | 186,704 | $51.1M | Add +16.9% |
| AMGN Amgen Inc. | 0.56% | 152,906 | $49.2M | Reduce -13.1% |
| DOW Dow Inc. | 0.55% | 880,195 | $48.1M | Reduce -0.9% |
| MRK Merck & Co. Inc. | 0.54% | 420,190 | $47.7M | Reduce -3.8% |
| NFLX Netflix Inc. | 0.54% | 67,232 | $47.7M | Add +14.4% |
| CSCO Cisco Systems Inc. | 0.52% | 866,709 | $46.1M | Reduce -1.0% |
| XOM Exxon Mobil Corp. | 0.52% | 390,164 | $45.7M | Reduce -10.9% |
| MCD McDonald's Corp. | 0.52% | 149,081 | $45.4M | Reduce -3.5% |
| NOW ServiceNow Inc. | 0.50% | 49,320 | $44.1M | Add +17.9% |
| MA Mastercard Inc. Class A | 0.50% | 89,189 | $44.0M | Reduce -5.3% |
| SO The Southern Co. | 0.50% | 485,224 | $43.8M | Add +3.0% |
| GILD Gilead Sciences Inc. | 0.48% | 502,553 | $42.1M | Add +15.7% |
| ADP Automatic Data Processing | 0.47% | 148,886 | $41.2M | Reduce -4.0% |
| ACN Accenture PLC Class A | 0.47% | 116,172 | $41.1M | Reduce -3.6% |
| AMD Advanced Micro Devices | 0.47% | 250,015 | $41.0M | Reduce -3.4% |
| PGR Progressive Corp. | 0.45% | 157,411 | $39.9M | Reduce -4.0% |
| UPS United Parcel Service Class B | 0.45% | 292,034 | $39.8M | Reduce -6.7% |
| OKE Oneok Inc. | 0.44% | 428,531 | $39.0M | Add +0.1% |
| KMI Kinder Morgan Inc. | 0.44% | 1,750,877 | $38.7M | Add +0.3% |
| PFE Pfizer Inc. | 0.43% | 1,315,002 | $38.0M | Reduce -5.5% |
| CVX Chevron Corp. | 0.43% | 257,333 | $37.9M | Reduce -3.1% |
| ADBE Adobe Inc. | 0.43% | 72,489 | $37.5M | Reduce -21.6% |
| MS Morgan Stanley | 0.42% | 354,033 | $36.9M | Reduce -3.1% |
| INTU Intuit Inc. | 0.42% | 59,423 | $36.9M | Reduce -19.2% |
| WMB Williams Cos Inc. | 0.40% | 779,502 | $35.6M | Add +21.4% |
| QCOM Qualcomm Inc. | 0.40% | 208,686 | $35.5M | Reduce -7.8% |
| PAYX Paychex Inc. | 0.40% | 263,645 | $35.4M | Reduce -0.9% |
| DRI Darden Restaurants Inc. | 0.39% | 210,819 | $34.6M | Reduce -1.8% |
| KO The Coca-Cola Co. | 0.39% | 479,455 | $34.4M | Add +39.9% |
| ETN Eaton Corp. PLC | 0.39% | 103,110 | $34.2M | Add +2.4% |
| CAT Caterpillar Inc. | 0.39% | 86,698 | $33.9M | Add +0.3% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.38% | 308,646 | $33.6M | Reduce -5.2% |
| AFL Aflac Inc. | 0.37% | 293,422 | $32.8M | Add +19.4% |
| FAST Fastenal Co. | 0.37% | 450,513 | $32.2M | Reduce -0.7% |
| TT Trane Technologies PLC | 0.35% | 78,350 | $30.4M | Reduce -4.8% |
| LYB Lyondellbasell Indu Class A | 0.34% | 309,953 | $29.7M | Reduce -5.0% |
| SPGI S&P Global Inc. | 0.33% | 56,964 | $29.4M | Add +32.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.32% | 49,300 | $28.3M | Add +26.1% |
| UNP Union Pacific Corp. | 0.32% | 114,602 | $28.2M | Reduce -2.4% |
| WMT Walmart Inc. | 0.32% | 345,982 | $27.9M | Reduce -3.2% |
| LRCX Lam Research Corp. | 0.31% | 33,888 | $27.6M | Reduce -0.1% |
| BBY Best Buy Co. Inc. | 0.31% | 267,195 | $27.6M | Reduce -2.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.31% | 59,371 | $27.3M | Reduce -13.3% |
| MDT Medtronic PLC | 0.30% | 291,659 | $26.3M | Add +0.1% |
| NEM Newmont Corp. | 0.30% | 491,126 | $26.2M | Reduce -0.9% |
| AMCR Amcor PLC | 0.30% | 2,315,582 | $26.2M | Reduce -4.8% |
| ADI Analog Devices Inc. | 0.30% | 113,201 | $26.0M | Reduce -3.6% |
| SBUX Starbucks Corp. | 0.29% | 259,163 | $25.3M | Reduce -3.8% |
| RTX RTX Corp. | 0.29% | 207,657 | $25.1M | Add +1.1% |
| FIS Fidelity National Info Serv | 0.28% | 296,371 | $24.8M | Add +2.7% |
| USB US Bancorp | 0.28% | 542,045 | $24.8M | Reduce -2.7% |
| BMY Bristol-Myers Squibb Co. | 0.28% | 477,211 | $24.7M | Reduce -5.5% |
| NEE Nextera Energy Inc. | 0.28% | 291,287 | $24.6M | Reduce -28.1% |
| BKNG Booking Holdings Inc. | 0.28% | 5,782 | $24.3M | Reduce -4.7% |
| KLAC KLA Corp. | 0.27% | 30,605 | $23.7M | Add +4.5% |
| D Dominion Energy Inc. | 0.27% | 406,498 | $23.5M | Reduce -1.8% |
| ABT Abbott Laboratories | 0.26% | 204,444 | $23.3M | Reduce -4.0% |
| CMCSA Comcast Corp. Class A | 0.26% | 552,382 | $23.1M | Reduce -5.6% |
| CAH Cardinal Health Inc. | 0.25% | 200,345 | $22.1M | Add +37.0% |
| CME Cme Group Inc. | 0.25% | 99,196 | $21.9M | Add +0.6% |
| UBER Uber Technologies Inc. | 0.25% | 291,030 | $21.9M | Add +1.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.25% | 184,491 | $21.7M | Add +43.5% |
| GIS General Mills Inc. | 0.24% | 284,253 | $21.0M | Add +27.1% |
| AXP American Express Co. | 0.24% | 76,968 | $20.9M | Reduce -8.3% |
| AMAT Applied Materials Inc. | 0.23% | 100,827 | $20.4M | Reduce -0.9% |
| TGT Target Corp. | 0.23% | 130,626 | $20.4M | Add +26.7% |
| CTAS Cintas Corp. | 0.23% | 98,644 | $20.3M | Add +27.3% |
| TFC Truist Financial Corp. | 0.23% | 473,633 | $20.3M | Reduce -2.1% |
| ALL Allstate Corp. | 0.23% | 105,285 | $20.0M | Reduce -2.5% |
| DUK Duke Energy Corp. | 0.23% | 171,975 | $19.8M | Add +62.7% |
| KMB Kimberly-Clark Corp. | 0.22% | 137,744 | $19.6M | Reduce -4.4% |
Portfolio Sells Q2 2024 → Q3 2024
| MSFT Microsoft Corp. | Reduce -5.1% | 5.79% | −0.79 |
| NVDA Nvidia Corp. | Reduce -3.4% | 5.66% | −0.53 |
| GOOG Alphabet Inc. Class C | Reduce -10.8% | 1.36% | −0.38 |
| AMZN Amazon.com Inc. | Reduce -3.5% | 2.93% | −0.34 |
| GOOGL Alphabet Inc. Class A | Reduce -2.5% | 1.77% | −0.30 |
| ADBE Adobe Inc. | Reduce -21.6% | 0.43% | −0.18 |
| INTU Intuit Inc. | Reduce -19.2% | 0.42% | −0.15 |
| PG The Procter & Gamble Co. | Reduce -19.6% | 0.65% | −0.15 |
| JPM JPMorgan Chase & Co. | Reduce -14.9% | 0.79% | −0.13 |
| QCOM Qualcomm Inc. | Reduce -7.8% | 0.40% | −0.13 |
| LRCX Lam Research Corp. | Reduce -0.1% | 0.31% | −0.11 |
| NXPI NXP Semiconductors NV | Reduce -28.1% | 0.18% | −0.11 |
| LLY Eli Lilly & Co. | Reduce -1.6% | 1.43% | −0.11 |
| COST Costco Wholesale Corp. | Reduce -10.7% | 0.91% | −0.10 |
| MRK Merck & Co. Inc. | Reduce -3.8% | 0.54% | −0.10 |
| PANW Palo Alto Networks Inc. | Reduce -29.0% | 0.21% | −0.10 |
| MCK McKesson Corp. | Reduce -45.9% | 0.07% | −0.09 |
| AMGN Amgen Inc. | Reduce -13.1% | 0.56% | −0.09 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -34.7% | 0.15% | −0.09 |
| FANG Diamondback Energy Inc. | Reduce -16.0% | 0.20% | −0.09 |
| XOM Exxon Mobil Corp. | Reduce -10.9% | 0.52% | −0.07 |
| PRU Prudential Financial Inc. | Reduce -53.9% | 0.06% | −0.07 |
| AMP Ameriprise Financial Inc. | Reduce -81.1% | 0.02% | −0.07 |
| HPE Hewlett Packard Enterprise | Reduce -70.0% | 0.03% | −0.07 |
| CI The Cigna Group | Reduce -47.4% | 0.08% | −0.07 |
| FITB Fifth Third Bancorp | Reduce -65.8% | 0.04% | −0.07 |
| TSCO Tractor Supply Company | Reduce -70.0% | 0.03% | −0.07 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -71.1% | 0.02% | −0.06 |
| GS Goldman Sachs Group Inc. | Reduce -27.4% | 0.21% | −0.06 |
| VZ Verizon Communications Inc. | Reduce -10.5% | 0.94% | −0.06 |
| TROW T Rowe Price Group Inc. | Reduce -5.2% | 0.38% | −0.06 |
| TRV The Travelers Cos Inc. | Reduce -53.9% | 0.06% | −0.06 |
| ULTA Ulta Beauty Inc. | Reduce -81.0% | 0.01% | −0.06 |
| LPLA LPL Financial Holdings Inc. | Reduce -89.8% | 0.01% | −0.06 |
| CVX Chevron Corp. | Reduce -3.1% | 0.43% | −0.06 |
| LKQ LKQ Corp. | Reduce -64.5% | 0.03% | −0.06 |
| SBAC SBA Communications Corp. | Reduce -71.5% | 0.03% | −0.06 |
| NEE Nextera Energy Inc. | Reduce -28.1% | 0.28% | −0.06 |
| ALGN Align Technology Inc. | Reduce -89.7% | 0.01% | −0.06 |
| INTC Intel Corp. | Reduce -5.1% | 0.13% | −0.06 |
| MOH Molina Healthcare Inc. | Reduce -84.1% | 0.01% | −0.06 |
| DVN Devon Energy Corp. | Reduce -3.0% | 0.19% | −0.06 |
| EXPD Expeditors Intl Wash Inc. | Reduce -44.9% | 0.07% | −0.06 |
| VLO Valero Energy Corp. | Reduce -79.2% | 0.01% | −0.06 |
| MTD Mettler-Toledo International | Reduce -70.3% | 0.02% | −0.05 |
| CCI Crown Castle Inc. | Reduce -49.3% | 0.08% | −0.05 |
| FERG Ferguson Enterprises Inc. | Reduce -66.4% | 0.03% | −0.05 |
| UPS United Parcel Service Class B | Reduce -6.7% | 0.45% | −0.05 |
| LULU Lululemon Athletica Inc. | Reduce -62.3% | 0.03% | −0.05 |
| AMAT Applied Materials Inc. | Reduce -0.9% | 0.23% | −0.05 |
Portfolio Buys Q2 2024 → Q3 2024
| MMM 3M Co. | Add +5.0% | 0.91% | +0.24 |
| HD Home Depot Inc. | Add +3.5% | 0.95% | +0.14 |
| MO Altria Group Inc. | Add +0.7% | 1.69% | +0.14 |
| KO The Coca-Cola Co. | Add +39.9% | 0.39% | +0.13 |
| GILD Gilead Sciences Inc. | Add +15.7% | 0.48% | +0.13 |
| AFL Aflac Inc. | Add +19.4% | 0.37% | +0.11 |
| NOW ServiceNow Inc. | Add +17.9% | 0.50% | +0.11 |
| SW Smurfit Westrock PLC | New | 0.11% | +0.11 |
| SPGI S&P Global Inc. | Add +32.5% | 0.33% | +0.11 |
| DUK Duke Energy Corp. | Add +62.7% | 0.23% | +0.10 |
| CRM Salesforce Inc. | Add +16.9% | 0.58% | +0.10 |
| BCE Bce Inc. | New | 0.09% | +0.09 |
| WMB Williams Cos Inc. | Add +21.4% | 0.40% | +0.08 |
| CAH Cardinal Health Inc. | Add +37.0% | 0.25% | +0.08 |
| PYPL PayPal Holdings Inc. | Add +142.6% | 0.12% | +0.08 |
| AMT American Tower Corp. | Add +86.1% | 0.15% | +0.08 |
| TJX TJX Companies Inc. | Add +43.5% | 0.25% | +0.08 |
| ZTS Zoetis Inc. | Add +70.0% | 0.17% | +0.08 |
| NFLX Netflix Inc. | Add +14.4% | 0.54% | +0.07 |
| GIB Cgi Inc. | New | 0.07% | +0.07 |
| PNC PNC Financial Services Group | Add +109.2% | 0.13% | +0.07 |
| RF Regions Financial Corp. | Add +47.9% | 0.18% | +0.07 |
| GIS General Mills Inc. | Add +27.1% | 0.24% | +0.07 |
| CTAS Cintas Corp. | Add +27.3% | 0.23% | +0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +26.1% | 0.32% | +0.07 |
| FFIV F5 Inc. | Add +2219.7% | 0.07% | +0.07 |
| FOXA Fox Corp. Class A | Add +1025.2% | 0.07% | +0.07 |
| SO The Southern Co. | Add +3.0% | 0.50% | +0.07 |
| EBAY eBay Inc. | Add +184.3% | 0.09% | +0.07 |
| ACGL Arch Capital Group Ltd. | Add +111.2% | 0.12% | +0.06 |
| IQV Iqvia Holdings Inc. | Add +147.8% | 0.10% | +0.06 |
| HOLX Hologic Inc. | Add +330.9% | 0.08% | +0.06 |
| CBRE CBRE Group Inc. Class A | Add +94.4% | 0.10% | +0.06 |
| WDAY Workday Inc. Class A | Add +97.3% | 0.11% | +0.06 |
| MSI Motorola Solutions Inc. | Add +46.0% | 0.15% | +0.06 |
| PNR Pentair PLC | Add +54.2% | 0.12% | +0.06 |
| ETR Entergy Corp. | Add +112.1% | 0.09% | +0.05 |
| SLB SLB Ltd. | Add +87.9% | 0.14% | +0.05 |
| TGT Target Corp. | Add +26.7% | 0.23% | +0.05 |
| DGX Quest Diagnostics Inc. | Add +136.8% | 0.08% | +0.05 |
| DOCU Docusign Inc. | Add +218.0% | 0.07% | +0.05 |
| MET Metlife Inc. | Add +117.6% | 0.08% | +0.05 |
| PODD Insulet Corp. | Add +877.5% | 0.05% | +0.05 |
| ALLE Allegion PLC | Add +148.3% | 0.07% | +0.05 |
| CAT Caterpillar Inc. | Add +0.3% | 0.39% | +0.05 |
| A Agilent Technologies Inc. | Add +93.9% | 0.08% | +0.05 |
| RTX RTX Corp. | Add +1.1% | 0.29% | +0.04 |
| MELI MercadoLibre Inc. | Add +57.3% | 0.09% | +0.04 |
| GDDY GoDaddy Inc. Class A | Add +93.3% | 0.08% | +0.04 |
| OTEX Open Text Corp. | New | 0.04% | +0.04 |
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 |