Swiss Life Asset Management Ltd
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed December 9, 2025), Swiss Life Asset Management Ltd reported 706 stock positions worth $13.6 billion. Its top holding was Nvidia (NVDA) at 6.7% of the portfolio, followed by Microsoft (MSFT, 6.2%) and Apple (AAPL, 5.9%). Compared with Q3 2024, it opened 89 new positions, sold out of 11, added to 507 and reduced 110. The biggest buy was Nvidia (NVDA, shares +66%) and the biggest sale 3M (MMM, shares −78%).
- Most Recent 13F
- Q2 2026
- Location
- Zurich, V8
- CIK
- 0001637689
- Portfolio Value
- $13.6B (Q4 2024)
- SEC Filing
- 0001172661-25-005245 ↗ filed Dec 9, 2025
Holdings Value
Holdings 706 stocks · $13.6B
| NVDA Nvidia Corp. | 6.73% | 6,797,747 | $912.4M | Add +65.8% |
| MSFT Microsoft Corp. | 6.16% | 1,980,200 | $834.2M | Add +67.3% |
| AAPL Apple Inc. | 5.87% | 3,180,505 | $796.1M | Add +40.6% |
| EEM iShares MSCI Emerging Market | 3.75% | 12,168,266 | $508.9M | Add +40.7% |
| AMZN Amazon.com Inc. | 3.26% | 2,015,012 | $441.9M | Add +45.6% |
| GOOGL Alphabet Inc. Class A | 2.16% | 1,548,870 | $293.0M | Add +65.3% |
| TSLA Tesla Inc. | 2.16% | 724,187 | $292.3M | Add +72.8% |
| AVGO Broadcom Inc. | 2.13% | 1,245,526 | $288.7M | Add +54.1% |
| META Meta Platforms Inc. Class A | 2.12% | 490,330 | $287.0M | Add +51.7% |
| MO Altria Group Inc. | 1.80% | 4,655,033 | $243.4M | Add +59.8% |
| VZ Verizon Communications Inc. | 1.69% | 5,733,799 | $229.3M | Add +211.8% |
| GOOG Alphabet Inc. Class C | 1.53% | 1,088,541 | $207.2M | Add +51.8% |
| CME Cme Group Inc. | 1.23% | 720,268 | $167.3M | Add +626.1% |
| LLY Eli Lilly & Co. | 1.12% | 196,200 | $151.4M | Add +38.1% |
| PFE Pfizer Inc. | 1.09% | 5,561,635 | $147.5M | Add +322.9% |
| ABBV Abbvie Inc. | 1.08% | 821,832 | $146.0M | Add +97.1% |
| JNJ Johnson & Johnson | 1.03% | 967,888 | $139.9M | Add +93.2% |
| UPS United Parcel Service Class B | 1.01% | 1,081,288 | $136.3M | Add +270.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.92% | 567,737 | $124.8M | Add +35.1% |
| HD Home Depot Inc. | 0.92% | 320,297 | $124.5M | Add +55.2% |
| BLK BlackRock Inc. | 0.76% | 100,264 | $102.8M | Add +79.3% |
| JPM JPMorgan Chase & Co. | 0.76% | 427,310 | $102.4M | Add +29.8% |
| BX Blackstone Inc. | 0.72% | 569,512 | $98.2M | Add +62.6% |
| CVX Chevron Corp. | 0.70% | 652,693 | $94.5M | Add +153.6% |
| UNH Unitedhealth Group Inc. | 0.65% | 173,931 | $87.9M | Reduce -1.9% |
| MS Morgan Stanley | 0.65% | 698,798 | $87.8M | Add +97.4% |
| NOW ServiceNow Inc. | 0.64% | 82,267 | $87.2M | Add +66.8% |
| PAYX Paychex Inc. | 0.62% | 603,895 | $84.7M | Add +129.1% |
| CRM Salesforce Inc. | 0.62% | 252,148 | $84.2M | Add +35.0% |
| PM Philip Morris International | 0.60% | 680,560 | $81.9M | Add +34.3% |
| ORCL Oracle Corp. | 0.57% | 465,413 | $77.5M | Add +52.5% |
| XOM Exxon Mobil Corp. | 0.57% | 714,306 | $76.8M | Add +83.1% |
| TXN Texas Instruments Inc. | 0.56% | 407,442 | $76.4M | Add +48.2% |
| DOW Dow Inc. | 0.55% | 1,860,789 | $74.7M | Add +111.4% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.54% | 650,688 | $73.6M | Add +110.8% |
| NFLX Netflix Inc. | 0.51% | 77,422 | $69.0M | Add +15.2% |
| AMGN Amgen Inc. | 0.50% | 260,724 | $67.9M | Add +70.5% |
| CSCO Cisco Systems Inc. | 0.50% | 1,137,531 | $67.3M | Add +31.3% |
| V Visa Inc. Class A | 0.49% | 211,899 | $66.9M | Reduce -0.9% |
| MCD McDonald's Corp. | 0.49% | 227,999 | $66.1M | Add +52.9% |
| MDT Medtronic PLC | 0.48% | 822,520 | $65.7M | Add +182.0% |
| MRK Merck & Co. Inc. | 0.47% | 641,957 | $63.8M | Add +52.8% |
| TFC Truist Financial Corp. | 0.47% | 1,462,873 | $63.4M | Add +208.9% |
| ACN Accenture PLC Class A | 0.45% | 174,979 | $61.5M | Add +50.6% |
| DRI Darden Restaurants Inc. | 0.44% | 319,941 | $59.7M | Add +51.8% |
| BKNG Booking Holdings Inc. | 0.43% | 11,807 | $58.6M | Add +104.2% |
| QCOM Qualcomm Inc. | 0.42% | 372,131 | $57.2M | Add +78.3% |
| PG The Procter & Gamble Co. | 0.41% | 334,389 | $56.0M | Add +0.9% |
| USB US Bancorp | 0.41% | 1,167,513 | $55.8M | Add +115.4% |
| ETN Eaton Corp. PLC | 0.41% | 167,711 | $55.6M | Add +62.6% |
| MA Mastercard Inc. Class A | 0.41% | 104,472 | $54.9M | Add +17.1% |
| PLTR Palantir Technologies Inc. Class A | 0.39% | 698,370 | $52.8M | Add +969.9% |
| LYB Lyondellbasell Indu Class A | 0.38% | 700,677 | $52.0M | Add +126.1% |
| OKE Oneok Inc. | 0.38% | 517,007 | $51.9M | Add +20.6% |
| BMY Bristol-Myers Squibb Co. | 0.37% | 891,194 | $50.4M | Add +86.8% |
| GILD Gilead Sciences Inc. | 0.37% | 539,526 | $49.8M | Add +7.4% |
| ADP Automatic Data Processing | 0.36% | 165,428 | $48.4M | Add +11.1% |
| FAST Fastenal Co. | 0.35% | 659,011 | $47.4M | Add +46.3% |
| WMT Walmart Inc. | 0.34% | 513,727 | $46.4M | Add +48.5% |
| PFG Principal Financial Group | 0.33% | 583,149 | $45.1M | Add +231.1% |
| KMI Kinder Morgan Inc. | 0.33% | 1,633,244 | $44.7M | Reduce -6.7% |
| INTU Intuit Inc. | 0.33% | 70,167 | $44.1M | Add +18.1% |
| COST Costco Wholesale Corp. | 0.32% | 47,511 | $43.5M | Reduce -47.7% |
| GE General Electric filed as GE AEROSPACE | 0.32% | 257,172 | $42.9M | Add +1422.9% |
| CAT Caterpillar Inc. | 0.31% | 117,543 | $42.6M | Add +35.6% |
| UNP Union Pacific Corp. | 0.31% | 186,041 | $42.4M | Add +62.3% |
| AMAT Applied Materials Inc. | 0.30% | 253,314 | $41.2M | Add +151.2% |
| WMB Williams Cos Inc. | 0.30% | 754,459 | $40.8M | Reduce -3.2% |
| ADI Analog Devices Inc. | 0.30% | 188,422 | $40.0M | Add +66.5% |
| AMD Advanced Micro Devices | 0.30% | 331,399 | $40.0M | Add +32.5% |
| PGR Progressive Corp. | 0.29% | 163,425 | $39.1M | Add +3.8% |
| SBUX Starbucks Corp. | 0.27% | 407,989 | $37.2M | Add +57.4% |
| ANET Arista Networks Inc. | 0.27% | 336,787 | $37.2M | Add +66.0% |
| FE Firstenergy Corp. | 0.27% | 927,030 | $36.9M | Add +1897.3% |
| PANW Palo Alto Networks Inc. | 0.26% | 195,938 | $35.6M | Add +80.3% |
| KO The Coca-Cola Co. | 0.26% | 570,310 | $35.5M | Add +18.9% |
| D Dominion Energy Inc. | 0.26% | 657,447 | $35.4M | Add +61.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.26% | 77,470 | $35.1M | Add +30.5% |
| AXP American Express Co. | 0.23% | 107,052 | $31.7M | Add +39.1% |
| ADBE Adobe Inc. | 0.23% | 69,311 | $30.8M | Reduce -4.4% |
| BBY Best Buy Co. Inc. | 0.23% | 357,320 | $30.7M | Add +33.7% |
| F Ford Motor Co. filed as FORD MTR CO | 0.22% | 3,054,450 | $30.2M | Add +360.9% |
| HPQ HP Inc. | 0.22% | 893,790 | $29.2M | Add +634.2% |
| IPG Interpublic Group of Cos Inc. | 0.21% | 1,030,697 | $28.9M | Add +84.5% |
| LRCX Lam Research Corp. | 0.21% | 399,152 | $28.8M | Add +17.8% |
| PEP Pepsico Inc. | 0.21% | 189,387 | $28.8M | Add +71.7% |
| SPGI S&P Global Inc. | 0.21% | 57,467 | $28.6M | Add +0.9% |
| ES Eversource Energy | 0.21% | 493,662 | $28.3M | Add +130.4% |
| MCHP Microchip Technology Inc. | 0.21% | 487,418 | $28.0M | Add +230.4% |
| UBER Uber Technologies Inc. | 0.20% | 456,666 | $27.5M | Add +56.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.20% | 79,156 | $27.1M | Add +660.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.20% | 46,000 | $26.9M | Reduce -6.7% |
| KHC The Kraft Heinz Co. | 0.20% | 866,528 | $26.6M | Add +3050.0% |
| PCAR Paccar Inc. | 0.19% | 252,972 | $26.3M | Add +75.4% |
| GEV GE Vernova Inc. | 0.19% | 79,749 | $26.2M | Add +554.5% |
| KMB Kimberly-Clark Corp. | 0.19% | 194,958 | $25.5M | Add +41.5% |
| STT State Street Corp. | 0.19% | 259,002 | $25.4M | Add +323.5% |
| CVS CVS Health Corp. | 0.19% | 559,548 | $25.1M | Add +172.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.18% | 555,016 | $24.4M | Add +74.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.18% | 216,482 | $24.1M | Add +146.9% |
Portfolio Sells Q3 2024 → Q4 2024
| MMM 3M Co. | Reduce -77.6% | 0.12% | −0.78 |
| COST Costco Wholesale Corp. | Reduce -47.7% | 0.32% | −0.59 |
| UNH Unitedhealth Group Inc. | Reduce -1.9% | 0.65% | −0.53 |
| T AT&T Inc. | Reduce -64.0% | 0.15% | −0.48 |
| SO The Southern Co. | Reduce -57.2% | 0.13% | −0.37 |
| AFL Aflac Inc. | Reduce -72.0% | 0.06% | −0.31 |
| NEM Newmont Corp. | Reduce -68.4% | 0.04% | −0.26 |
| FIS Fidelity National Info Serv | Reduce -74.9% | 0.04% | −0.24 |
| AMCR Amcor PLC | Reduce -49.6% | 0.08% | −0.22 |
| ADBE Adobe Inc. | Reduce -4.4% | 0.23% | −0.20 |
| CAH Cardinal Health Inc. | Reduce -63.3% | 0.06% | −0.19 |
| DUK Duke Energy Corp. | Reduce -70.8% | 0.04% | −0.19 |
| DVN Devon Energy Corp. | Reduce -93.1% | 0.01% | −0.18 |
| TT Trane Technologies PLC | Reduce -23.5% | 0.16% | −0.18 |
| V Visa Inc. Class A | Reduce -0.9% | 0.49% | −0.17 |
| FANG Diamondback Energy Inc. | Reduce -79.3% | 0.03% | −0.17 |
| ABT Abbott Laboratories | Reduce -44.5% | 0.09% | −0.17 |
| RTX RTX Corp. | Reduce -30.6% | 0.12% | −0.16 |
| HBAN Huntington Bancshares Inc. | Reduce -81.6% | 0.02% | −0.16 |
| IP International Paper Co. | Reduce -84.2% | 0.02% | −0.14 |
| WHR Whirlpool Corp. | Sold out | 0.00% | −0.14 |
| CMCSA Comcast Corp. Class A | Reduce -13.8% | 0.13% | −0.13 |
| NXPI NXP Semiconductors NV | Reduce -47.7% | 0.05% | −0.13 |
| ALL Allstate Corp. | Reduce -33.3% | 0.10% | −0.13 |
| CTAS Cintas Corp. | Reduce -20.4% | 0.11% | −0.13 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -6.7% | 0.20% | −0.12 |
| GIS General Mills Inc. | Reduce -12.0% | 0.12% | −0.12 |
| MAR Marriott International Class A | Reduce -72.8% | 0.03% | −0.12 |
| GRMN Garmin Ltd. | Reduce -85.6% | 0.01% | −0.11 |
| GD General Dynamics Corp. | Reduce -64.7% | 0.03% | −0.11 |
| KMI Kinder Morgan Inc. | Reduce -6.7% | 0.33% | −0.11 |
| NTRS Northern Trust Corp. | Reduce -80.1% | 0.02% | −0.11 |
| TRGP Targa Resources Corp. | Reduce -53.1% | 0.06% | −0.11 |
| PEG Public Service Enterprise GP | Reduce -44.9% | 0.05% | −0.10 |
| WMB Williams Cos Inc. | Reduce -3.2% | 0.30% | −0.10 |
| ELV Elevance Health Inc. | Reduce -7.4% | 0.07% | −0.10 |
| ISRG Intuitive Surgical Inc. | Reduce -20.6% | 0.12% | −0.10 |
| NSC Norfolk Southern Corp. | Reduce -52.1% | 0.04% | −0.09 |
| SW Smurfit Westrock PLC | Reduce -72.4% | 0.02% | −0.09 |
| EOG EOG Resources Inc. | Reduce -55.1% | 0.04% | −0.09 |
| GS Goldman Sachs Group Inc. | Reduce -24.6% | 0.12% | −0.09 |
| CMA Comerica Inc. | Sold out | 0.00% | −0.09 |
| PKG Packaging Corp. of America | Reduce -91.8% | 0.01% | −0.09 |
| NRG NRG Energy Inc. | Reduce -84.0% | 0.01% | −0.09 |
| SOLV Solventum Corp. | Reduce -38.2% | 0.05% | −0.08 |
| SRE Sempra | Reduce -56.9% | 0.04% | −0.08 |
| EIX Edison International | Reduce -25.4% | 0.07% | −0.08 |
| RF Regions Financial Corp. | Reduce -12.8% | 0.10% | −0.08 |
| EMR Emerson Electric Co. | Reduce -62.2% | 0.03% | −0.08 |
| ETR Entergy Corp. | Reduce -80.5% | 0.01% | −0.08 |
Portfolio Buys Q3 2024 → Q4 2024
| NVDA Nvidia Corp. | Add +65.8% | 6.73% | +1.07 |
| CME Cme Group Inc. | Add +626.1% | 1.23% | +0.99 |
| TSLA Tesla Inc. | Add +72.8% | 2.16% | +0.91 |
| VZ Verizon Communications Inc. | Add +211.8% | 1.69% | +0.75 |
| PFE Pfizer Inc. | Add +322.9% | 1.09% | +0.66 |
| UPS United Parcel Service Class B | Add +270.3% | 1.01% | +0.55 |
| AVGO Broadcom Inc. | Add +54.1% | 2.13% | +0.55 |
| GOOGL Alphabet Inc. Class A | Add +65.3% | 2.16% | +0.40 |
| MSFT Microsoft Corp. | Add +67.3% | 6.16% | +0.37 |
| PLTR Palantir Technologies Inc. Class A | Add +969.9% | 0.39% | +0.36 |
| AMZN Amazon.com Inc. | Add +45.6% | 3.26% | +0.33 |
| GE General Electric | Add +1422.9% | 0.32% | +0.28 |
| CVX Chevron Corp. | Add +153.6% | 0.70% | +0.27 |
| FE Firstenergy Corp. | Add +1897.3% | 0.27% | +0.25 |
| TFC Truist Financial Corp. | Add +208.9% | 0.47% | +0.24 |
| MS Morgan Stanley | Add +97.4% | 0.65% | +0.23 |
| PAYX Paychex Inc. | Add +129.1% | 0.62% | +0.22 |
| MDT Medtronic PLC | Add +182.0% | 0.48% | +0.19 |
| KHC The Kraft Heinz Co. | Add +3050.0% | 0.20% | +0.19 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +660.9% | 0.20% | +0.17 |
| GOOG Alphabet Inc. Class C | Add +51.8% | 1.53% | +0.17 |
| HPQ HP Inc. | Add +634.2% | 0.22% | +0.17 |
| PFG Principal Financial Group | Add +231.1% | 0.33% | +0.16 |
| TROW T Rowe Price Group Inc. | Add +110.8% | 0.54% | +0.16 |
| GEV GE Vernova Inc. | Add +554.5% | 0.19% | +0.16 |
| BKNG Booking Holdings Inc. | Add +104.2% | 0.43% | +0.16 |
| BLK BlackRock Inc. | Add +79.3% | 0.76% | +0.15 |
| F Ford Motor Co. | Add +360.9% | 0.22% | +0.14 |
| NOW ServiceNow Inc. | Add +66.8% | 0.64% | +0.14 |
| ABBV Abbvie Inc. | Add +97.1% | 1.08% | +0.14 |
| WBA Walgreens Boots Alliance Inc. | Add +2414.4% | 0.15% | +0.14 |
| SWK Stanley Black & Decker Inc. | Add +1705.8% | 0.15% | +0.13 |
| USB US Bancorp | Add +115.4% | 0.41% | +0.13 |
| STT State Street Corp. | Add +323.5% | 0.19% | +0.13 |
| CEG Constellation Energy | Add +599.7% | 0.16% | +0.12 |
| KKR KKR & Co. Inc. | Add +475.1% | 0.15% | +0.12 |
| BX Blackstone Inc. | Add +62.6% | 0.72% | +0.11 |
| JNJ Johnson & Johnson | Add +93.2% | 1.03% | +0.11 |
| IVZ Invesco Ltd. | Add +435.3% | 0.15% | +0.11 |
| MO Altria Group Inc. | Add +59.8% | 1.80% | +0.11 |
| LIN Linde PLC | Add +269.9% | 0.18% | +0.09 |
| BMY Bristol-Myers Squibb Co. | Add +86.8% | 0.37% | +0.09 |
| AES AES Corp. | Add +7744.2% | 0.09% | +0.09 |
| DIS The Walt Disney Co. | Add +146.9% | 0.18% | +0.08 |
| AMAT Applied Materials Inc. | Add +151.2% | 0.30% | +0.07 |
| MCHP Microchip Technology Inc. | Add +230.4% | 0.21% | +0.07 |
| AMP Ameriprise Financial Inc. | Add +576.3% | 0.09% | +0.07 |
| DELL Dell Technologies -C | Add +370.7% | 0.11% | +0.07 |
| LOW Lowe's Cos Inc. | Add +218.2% | 0.14% | +0.07 |
| SHOP Shopify Inc. Class A | Add +694.1% | 0.07% | +0.06 |
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 |