Zurich Insurance Group Ltd

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Zurich Insurance Group Ltd reported 253 stock positions worth $12.3 billion. Its top holding was Apple (AAPL) at 6.1% of the portfolio, followed by Microsoft (MSFT, 5.6%) and Nvidia (NVDA, 4.7%). Compared with Q4 2024, it opened 68 new positions, sold out of 49, added to 51 and reduced 60. The biggest buy was Abbott Laboratories (ABT, shares +5771%) and the biggest sale Nvidia (NVDA, shares −1%).

Most Recent 13F
Q2 2026
Location
ZURICH, V8
CIK
0001127799
Portfolio Value
$12.3B (Q1 2025)
SEC Filing
0000899140-25-000707 ↗ filed May 15, 2025

Holdings Value

0$5.0B$10.0B$15.0B Q1 2024: $10.9B Q1 2024 Q2 2024: $11.5B Q2 2024 Q3 2024: $11.8B Q3 2024 Q4 2024: $12.3B Q4 2024 Q1 2025: $12.3B $12.3B Q1 2025 Q2 2025: $12.9B Q2 2025 Q3 2025: $14.0B Q3 2025 Q4 2025: $14.4B Q4 2025 Q1 2026: $12.7B Q1 2026 Q2 2026: $14.4B Q2 2026

Holdings 253 stocks · $12.3B
AAPL Apple Inc. 6.06% 3,369,268 $748.4M Add +3.4%
MSFT Microsoft Corp. 5.63% 1,850,953 $694.8M Add +17.6%
NVDA Nvidia Corp. 4.67% 5,323,436 $577.0M Reduce -1.2%
GOOGL Alphabet Inc. Class A 3.68% 2,935,559 $454.0M Add +3.3%
AMZN Amazon.com Inc. 3.35% 2,171,604 $413.2M Reduce -11.9%
META Meta Platforms Inc. Class A 3.05% 652,529 $376.1M Add +1.2%
AVGO Broadcom Inc. 1.61% 1,188,374 $199.0M Reduce -7.2%
LLY Eli Lilly & Co. 1.51% 225,533 $186.3M Add +9.6%
V Visa Inc. Class A 1.50% 529,974 $185.7M Add +24.0%
NFLX Netflix Inc. 1.48% 196,182 $182.9M Reduce -0.8%
TSLA Tesla Inc. 1.37% 653,983 $169.5M Add +1.9%
WMT Walmart Inc. 1.36% 1,916,295 $168.2M Reduce -30.8%
MA Mastercard Inc. Class A 1.32% 296,828 $162.7M Reduce -1.1%
JPM JPMorgan Chase & Co. 1.30% 653,367 $160.3M Add +41.6%
BRK.B Berkshire Hathaway Inc. Class B 1.27% 293,372 $156.2M Add +72.3%
ABT Abbott Laboratories 1.20% 1,115,514 $148.0M Add +5771.1%
CSCO Cisco Systems Inc. 1.13% 2,269,541 $140.1M Add +120.6%
BSX Boston Scientific Corp. 1.13% 1,380,806 $139.3M Reduce -21.6%
PM Philip Morris International 1.08% 840,119 $133.4M Reduce -10.8%
JNJ Johnson & Johnson 1.06% 788,586 $130.8M Add +66.6%
CAH Cardinal Health Inc. 1.06% 946,750 $130.4M Add +4935.9%
RTX RTX Corp. 1.05% 982,894 $130.2M New
DUK Duke Energy Corp. 1.04% 1,055,482 $128.7M Add +131.9%
T AT&T Inc. 1.02% 4,435,404 $125.4M Add +207.4%
ABBV Abbvie Inc. 1.00% 590,956 $123.8M Add +40.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.00% 2,959,762 $123.5M Reduce -16.5%
ORLY O'reilly Automotive Inc. 0.96% 82,628 $118.4M Add +14.3%
WFC Wells Fargo & Co. 0.95% 1,636,427 $117.5M Reduce -2.0%
PGR Progressive Corp. 0.95% 414,183 $117.2M Add +87.9%
ORCL Oracle Corp. 0.92% 816,677 $114.2M Reduce -16.4%
XOM Exxon Mobil Corp. 0.91% 949,729 $113.0M Add +55.0%
GE General Electric filed as GE AEROSPACE 0.88% 544,530 $109.0M Add +70.9%
EXE Expand Energy Corp. 0.88% 979,029 $109.0M New
WDAY Workday Inc. Class A 0.87% 461,753 $107.8M Add +72.6%
UNH Unitedhealth Group Inc. 0.84% 197,587 $103.5M Add +3.1%
FISV Fiserv Inc. 0.84% 467,276 $103.2M Add +25.8%
VRTX Vertex Pharmaceuticals Inc. 0.82% 209,906 $101.8M Add +307.4%
DE Deere & Co. 0.82% 216,312 $101.5M New
LIN Linde PLC 0.81% 215,855 $100.5M Add +113.7%
MCD McDonald's Corp. 0.79% 314,013 $98.1M New
WELL Welltower Inc. 0.77% 622,580 $95.4M New
COST Costco Wholesale Corp. 0.75% 97,414 $92.1M Add +83.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.74% 745,630 $90.8M New
SYK Stryker Corp. 0.72% 237,627 $88.5M Add +26.0%
TXN Texas Instruments Inc. 0.71% 490,474 $88.1M Add +39.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.71% 354,295 $88.1M Add +21.8%
MO Altria Group Inc. 0.71% 1,456,925 $87.4M New
HWM Howmet Aerospace Inc. 0.68% 643,228 $83.4M Reduce -31.7%
CVX Chevron Corp. 0.67% 495,593 $82.9M Reduce -10.9%
UNM Unum Group 0.63% 958,175 $78.1M Reduce -33.5%
LRCX Lam Research Corp. 0.60% 1,021,595 $74.3M Add +140.0%
HON Honeywell International Inc. 0.59% 341,885 $72.4M Add +45.2%
APO Apollo Global Management Inc. 0.57% 518,226 $71.0M Reduce -4.0%
AIT Applied Industrial Tech Inc. 0.57% 313,316 $70.6M Reduce -17.4%
SPOT Spotify Technology SA 0.56% 125,485 $69.0M Add +62.1%
ET Energy Transfer LP 0.56% 3,703,877 $68.9M Reduce -8.3%
MMM 3M Co. 0.56% 468,623 $68.8M New
BN Brookfield Corp. 0.55% 1,306,303 $68.4M Add +42.5%
YUM Yum! Brands Inc. 0.54% 423,335 $66.6M New
TSCO Tractor Supply Company 0.53% 1,176,330 $64.8M New
COF Capital One Financial Corp. 0.52% 357,547 $64.1M New
KO The Coca-Cola Co. 0.51% 886,995 $63.5M New
AXON Axon Enterprise Inc. 0.51% 119,522 $62.9M Reduce -33.0%
KKR KKR & Co. Inc. 0.50% 535,984 $62.0M Reduce -6.3%
MSI Motorola Solutions Inc. 0.49% 137,909 $60.4M Add +38.0%
ROL Rollins Inc. 0.48% 1,093,339 $59.1M New
CRM Salesforce Inc. 0.47% 217,930 $58.5M Reduce -61.2%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.47% 168,118 $58.0M New
MCK McKesson Corp. 0.46% 85,101 $57.3M New
HD Home Depot Inc. 0.45% 151,363 $55.5M Reduce -38.7%
AEM Agnico Eagle Mines Ltd. 0.45% 509,058 $55.2M Add +32.6%
PANW Palo Alto Networks Inc. 0.43% 311,874 $53.2M New
GS Goldman Sachs Group Inc. 0.43% 97,004 $53.0M Reduce -22.6%
TMUS T-Mobile US Inc. 0.41% 190,623 $50.8M Add +47.2%
PCTY Paylocity Holding Corp. 0.39% 256,206 $48.0M New
EXC Exelon Corp. 0.39% 1,037,096 $47.8M New
UMBF Umb Financial Corp. 0.38% 464,699 $47.0M Add +11.1%
SPIB SS SPDR P Int C Corp. ETF 0.38% 1,402,903 $46.6M No change
HUBS HubSpot Inc. 0.37% 79,474 $45.4M Add +26.5%
AMT American Tower Corp. 0.36% 205,347 $44.7M New
VTR Ventas Inc. 0.34% 605,331 $41.6M Reduce -28.3%
APD Air Products & Chemicals Inc. 0.34% 140,405 $41.4M Reduce -61.2%
SNOW Snowflake Inc. 0.34% 282,943 $41.4M New
VCSH Vanguard S/T Corp. Bond ETF 0.33% 512,721 $40.5M No change
ADP Automatic Data Processing 0.32% 130,613 $39.9M New
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 0.31% 685,827 $38.6M Add +1784.1%
AMGN Amgen Inc. 0.31% 123,440 $38.5M Add +578.2%
ADI Analog Devices Inc. 0.31% 190,351 $38.4M Add +26.1%
KR Kroger Co. 0.30% 553,140 $37.4M New
CRH CRH PLC 0.30% 422,175 $37.0M Reduce -65.3%
ECL Ecolab Inc. 0.30% 144,392 $36.6M Add +1189.2%
GDDY GoDaddy Inc. Class A 0.30% 202,646 $36.5M Reduce -41.0%
IGSB iShares 1-5Y Inv Grade Corp. 0.29% 679,581 $35.6M No change
GILD Gilead Sciences Inc. 0.29% 315,424 $35.3M Reduce -65.3%
KLAC KLA Corp. 0.28% 50,819 $34.5M Add +105.0%
VOO Vanguard S&P 500 ETF 0.28% 65,551 $34.5M Reduce -7.6%
SW Smurfit Westrock PLC 0.28% 765,749 $34.2M Reduce -59.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.27% 336,421 $33.2M Reduce -16.9%
CTVA Corteva Inc. 0.27% 523,525 $32.9M New
SPMB SS SPDR P Mort Back Bond ETF 0.26% 1,482,295 $32.7M No change

Show all 253 holdings

Portfolio Sells Q4 2024 → Q1 2025
NVDA Nvidia Corp. Reduce -1.2% 4.67% −1.23
AMZN Amazon.com Inc. Reduce -11.9% 3.35% −1.06
CRM Salesforce Inc. Reduce -61.2% 0.47% −1.06
CLH Clean Harbors Inc. Sold out 0.00% −0.98
CCL Carnival Corp. Sold out 0.00% −0.82
AVGO Broadcom Inc. Reduce -7.2% 1.61% −0.81
BNS Bank of Nova Scotia Sold out 0.00% −0.79
DECK Deckers Outdoor Corp. Sold out 0.00% −0.69
WMT Walmart Inc. Reduce -30.8% 1.36% −0.68
NOW ServiceNow Inc. Sold out 0.00% −0.65
CRH CRH PLC Reduce -65.3% 0.30% −0.62
RMD Resmed Inc. Reduce -97.3% 0.02% −0.61
SYF Synchrony Financial Sold out 0.00% −0.61
PCG P G & E Corp. Sold out 0.00% −0.59
SW Smurfit Westrock PLC Reduce -59.8% 0.28% −0.56
BA The Boeing Co. Sold out 0.00% −0.55
FLUT Flutter Entertainment PLC-Di Sold out 0.00% −0.55
APD Air Products & Chemicals Inc. Reduce -61.2% 0.34% −0.52
PAYC Paycom Software Inc. Reduce -99.3% 0.00% −0.49
BRX Brixmor Property Group Inc. Sold out 0.00% −0.48
MRK Merck & Co. Inc. Reduce -94.6% 0.02% −0.46
CAT Caterpillar Inc. Sold out 0.00% −0.46
CARR Carrier Global Corp. Sold out 0.00% −0.44
CMG Chipotle Mexican Grill Inc. Sold out 0.00% −0.44
AMAT Applied Materials Inc. Reduce -68.1% 0.17% −0.43
CSL Carlisle Cos Inc. Reduce -96.8% 0.01% −0.42
MRVL Marvell Technology Inc. Reduce -41.6% 0.20% −0.42
ORCL Oracle Corp. Reduce -16.4% 0.92% −0.40
GILD Gilead Sciences Inc. Reduce -65.3% 0.29% −0.40
CEG Constellation Energy Reduce -73.8% 0.12% −0.39
RCL Royal Caribbean Cruises Ltd. Sold out 0.00% −0.37
AXON Axon Enterprise Inc. Reduce -33.0% 0.51% −0.36
ETN Eaton Corp. PLC Sold out 0.00% −0.34
CTRA Coterra Energy Inc. Reduce -75.7% 0.13% −0.34
DDOG Datadog Inc. Class A Sold out 0.00% −0.34
HD Home Depot Inc. Reduce -38.7% 0.45% −0.33
INTU Intuit Inc. Sold out 0.00% −0.30
ULTA Ulta Beauty Inc. Sold out 0.00% −0.30
ADBE Adobe Inc. Sold out 0.00% −0.29
COP Conocophillips Sold out 0.00% −0.27
BAC Bank of America Corp. Reduce -16.5% 1.00% −0.27
PG The Procter & Gamble Co. Reduce -87.0% 0.04% −0.27
GDDY GoDaddy Inc. Class A Reduce -41.0% 0.30% −0.26
ICE Intercontinental Exchange Inc. Sold out 0.00% −0.24
DELL Dell Technologies -C Sold out 0.00% −0.24
UNM Unum Group Reduce -33.5% 0.63% −0.23
BNY Bank of New York Mellon Corp. Reduce -53.3% 0.23% −0.22
TRP TC Energy Corp. Sold out 0.00% −0.21
DOC Healthpeak Properties Inc. Sold out 0.00% −0.20
STLA Stellantis NV Reduce -66.9% 0.07% −0.19

Portfolio Buys Q4 2024 → Q1 2025
ABT Abbott Laboratories Add +5771.1% 1.20% +1.18
RTX RTX Corp. New 1.05% +1.05
CAH Cardinal Health Inc. Add +4935.9% 1.06% +1.04
EXE Expand Energy Corp. New 0.88% +0.88
DE Deere & Co. New 0.82% +0.82
MCD McDonald's Corp. New 0.79% +0.79
WELL Welltower Inc. New 0.77% +0.77
T AT&T Inc. Add +207.4% 1.02% +0.75
TJX TJX Companies Inc. New 0.74% +0.74
MO Altria Group Inc. New 0.71% +0.71
VRTX Vertex Pharmaceuticals Inc. Add +307.4% 0.82% +0.66
DUK Duke Energy Corp. Add +131.9% 1.04% +0.64
CSCO Cisco Systems Inc. Add +120.6% 1.13% +0.64
BRK.B Berkshire Hathaway Inc. Class B Add +72.3% 1.27% +0.64
MMM 3M Co. New 0.56% +0.56
YUM Yum! Brands Inc. New 0.54% +0.54
TSCO Tractor Supply Company New 0.53% +0.53
COF Capital One Financial Corp. New 0.52% +0.52
PGR Progressive Corp. Add +87.9% 0.95% +0.52
KO The Coca-Cola Co. New 0.51% +0.51
JNJ Johnson & Johnson Add +66.6% 1.06% +0.50
ROL Rollins Inc. New 0.48% +0.48
AJG Arthur J Gallagher & Co. New 0.47% +0.47
LIN Linde PLC Add +113.7% 0.81% +0.47
MCK McKesson Corp. New 0.46% +0.46
GE General Electric Add +70.9% 0.88% +0.45
PANW Palo Alto Networks Inc. New 0.43% +0.43
V Visa Inc. Class A Add +24.0% 1.50% +0.40
JPM JPMorgan Chase & Co. Add +41.6% 1.30% +0.40
ABBV Abbvie Inc. Add +40.6% 1.00% +0.39
PCTY Paylocity Holding Corp. New 0.39% +0.39
EXC Exelon Corp. New 0.39% +0.39
XOM Exxon Mobil Corp. Add +55.0% 0.91% +0.38
AMT American Tower Corp. New 0.36% +0.36
LRCX Lam Research Corp. Add +140.0% 0.60% +0.35
COST Costco Wholesale Corp. Add +83.2% 0.75% +0.35
SNOW Snowflake Inc. New 0.34% +0.34
ADP Automatic Data Processing New 0.32% +0.32
WDAY Workday Inc. Class A Add +72.6% 0.87% +0.31
KR Kroger Co. New 0.30% +0.30
CM Can Imperial BK of Commerce Add +1784.1% 0.31% +0.29
SPOT Spotify Technology SA Add +62.1% 0.56% +0.28
ECL Ecolab Inc. Add +1189.2% 0.30% +0.28
AMGN Amgen Inc. Add +578.2% 0.31% +0.27
CTVA Corteva Inc. New 0.27% +0.27
ETR Entergy Corp. New 0.26% +0.26
ORLY O'reilly Automotive Inc. Add +14.3% 0.96% +0.26
SHOP Shopify Inc. Class A New 0.26% +0.26
MSFT Microsoft Corp. Add +17.6% 5.63% +0.22
LLY Eli Lilly & Co. Add +9.6% 1.51% +0.21

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 323$14.4BNVDA, AAPL, GOOGL, AMZN, MSFT
Q1 2026 327$12.7BNVDA, AAPL, GOOGL, MSFT, AMZN
Q4 2025 291$14.4BNVDA, AAPL, GOOGL, MSFT, AMZN
Q3 2025 270$14.0BNVDA, AAPL, MSFT, GOOGL, META
Q2 2025 253$12.9BNVDA, MSFT, AAPL, AMZN, META
Q1 2025 253$12.3BAAPL, MSFT, NVDA, GOOGL, AMZN
Q4 2024 233$12.3BAAPL, NVDA, MSFT, AMZN, GOOGL
Q3 2024 212$11.8BAAPL, MSFT, NVDA, GOOGL, AMZN
Q2 2024 229$11.5BMSFT, AAPL, NVDA, GOOGL, AMZN
Q1 2024 237$10.9BMSFT, AAPL, AMZN, NVDA, GOOGL