Zurich Insurance Group Ltd

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Zurich Insurance Group Ltd reported 291 stock positions worth $14.4 billion. Its top holding was Nvidia (NVDA) at 7.2% of the portfolio, followed by Apple (AAPL, 6.3%) and Alphabet Class A (GOOGL, 5.1%). Compared with Q3 2025, it opened 71 new positions, sold out of 50, added to 72 and reduced 61. The biggest buy was a new position in Morgan Stanley (MS) and the biggest sale Meta Platforms Class A (META, shares −31%).

Most Recent 13F
Q2 2026
Location
ZURICH, V8
CIK
0001127799
Portfolio Value
$14.4B (Q4 2025)
SEC Filing
0000899140-26-000261 ↗ filed Feb 17, 2026

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 Q1 2025 Q2 2025: $12.9B Q2 2025 Q3 2025: $14.0B Q3 2025 Q4 2025: $14.4B $14.4B Q4 2025 Q1 2026: $12.7B Q1 2026 Q2 2026: $14.4B Q2 2026

Holdings 291 stocks · $14.4B
NVDA Nvidia Corp. 7.21% 5,569,149 $1.0B Reduce -4.0%
AAPL Apple Inc. 6.31% 3,346,141 $909.7M Reduce -4.5%
GOOGL Alphabet Inc. Class A 5.14% 2,367,115 $740.9M Reduce -16.5%
MSFT Microsoft Corp. 5.06% 1,509,172 $729.9M Reduce -6.5%
AMZN Amazon.com Inc. 3.24% 2,021,191 $466.5M Reduce -1.6%
AVGO Broadcom Inc. 2.33% 969,395 $335.5M Add +6.2%
META Meta Platforms Inc. Class A 2.12% 462,732 $305.4M Reduce -30.6%
TSLA Tesla Inc. 1.87% 600,415 $270.0M Reduce -2.7%
LLY Eli Lilly & Co. 1.75% 235,134 $252.7M Add +34.7%
V Visa Inc. Class A 1.55% 636,484 $223.2M Add +28.1%
WMT Walmart Inc. 1.28% 1,653,001 $184.2M Add +11.2%
JNJ Johnson & Johnson 1.22% 852,198 $176.4M Add +46.7%
JPM JPMorgan Chase & Co. 1.08% 482,000 $155.3M Reduce -14.8%
CRH CRH PLC 1.05% 1,213,504 $151.6M Reduce -25.5%
CRM Salesforce Inc. 1.02% 555,116 $147.1M Add +241.4%
MS Morgan Stanley 0.97% 786,539 $139.6M New
RTX RTX Corp. 0.95% 747,591 $137.1M Add +33.5%
C Citigroup Inc. 0.92% 1,137,428 $132.7M Add +201.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.91% 443,622 $131.4M Add +11.2%
LRCX Lam Research Corp. 0.91% 766,421 $131.2M Add +168.6%
CSCO Cisco Systems Inc. 0.89% 1,660,003 $127.9M Add +258.3%
USB US Bancorp 0.89% 2,391,128 $127.6M New
MU Micron Technology Inc. 0.87% 441,551 $126.0M Reduce -41.7%
RY Royal Bank of Canada 0.84% 713,739 $121.8M New
PM Philip Morris International 0.81% 727,590 $116.7M Add +136.0%
FCX Freeport-McMoran Inc. 0.80% 2,280,460 $115.8M Add +740.8%
COF Capital One Financial Corp. 0.80% 474,335 $115.0M Reduce -27.4%
BA The Boeing Co. 0.79% 524,402 $113.9M Add +40.7%
BRK.B Berkshire Hathaway Inc. Class B 0.77% 221,533 $111.4M Add +50.3%
NEE Nextera Energy Inc. 0.76% 1,358,134 $109.0M Add +238.0%
XOM Exxon Mobil Corp. 0.74% 889,361 $107.0M Add +6.8%
KLAC KLA Corp. 0.72% 85,757 $104.2M Reduce -9.8%
PLTR Palantir Technologies Inc. Class A 0.71% 577,910 $102.7M Add +21.0%
CAT Caterpillar Inc. 0.71% 178,067 $102.0M Reduce -1.9%
MA Mastercard Inc. Class A 0.71% 178,643 $102.0M Add +1.1%
B Barrick Mining Corp. 0.70% 2,316,165 $101.0M Add +2813.4%
ACN Accenture PLC Class A 0.62% 331,269 $88.9M New
ABBV Abbvie Inc. 0.60% 380,189 $86.9M Reduce -52.4%
CIEN Ciena Corp. 0.60% 369,225 $86.4M Add +929.2%
NFLX Netflix Inc. 0.59% 911,852 $85.5M Reduce -52.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.56% 1,476,507 $81.2M Reduce -60.6%
ISRG Intuitive Surgical Inc. 0.53% 135,973 $77.0M New
HD Home Depot Inc. 0.53% 221,572 $76.2M Reduce -34.6%
DLTR Dollar Tree Inc. 0.53% 617,515 $76.0M New
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.53% 723,005 $75.7M Add +25.8%
KO The Coca-Cola Co. 0.51% 1,051,608 $73.5M New
AMD Advanced Micro Devices 0.49% 330,668 $70.8M Reduce -2.9%
GEV GE Vernova Inc. 0.49% 107,041 $70.0M Reduce -45.5%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.47% 588,557 $68.3M Add +168.2%
SGOV iShares 0-3 Month Treasury B 0.47% 673,096 $67.6M New
EXE Expand Energy Corp. 0.47% 609,299 $67.2M Add +91.1%
NRG NRG Energy Inc. 0.47% 421,222 $67.1M Add +16.9%
TTWO Take-Two Interactive Softwre 0.46% 259,239 $66.4M Reduce -40.6%
SHOP Shopify Inc. Class A 0.46% 409,161 $65.9M Reduce -3.9%
NBIX Neurocrine Biosciences Inc. 0.45% 459,437 $65.2M New
DD Dupont DE Nemours Inc. 0.45% 1,617,414 $65.0M Add +51.9%
MAR Marriott International Class A 0.45% 208,666 $64.7M New
ODFL Old Dominion Freight Line 0.45% 410,936 $64.4M New
UNH Unitedhealth Group Inc. 0.45% 194,786 $64.3M Reduce -47.8%
TPR Tapestry Inc. 0.45% 503,112 $64.3M Reduce -49.9%
GE General Electric filed as GE AEROSPACE 0.44% 207,355 $63.9M Reduce -62.3%
VTR Ventas Inc. 0.44% 810,445 $62.7M Add +661.4%
MCD McDonald's Corp. 0.43% 202,880 $62.0M Add +2344.3%
CVX Chevron Corp. 0.43% 403,500 $61.5M Reduce -7.5%
ULTA Ulta Beauty Inc. 0.43% 101,595 $61.5M New
CAH Cardinal Health Inc. 0.42% 295,268 $60.7M Add +1470.6%
WFC Wells Fargo & Co. 0.41% 638,978 $59.6M Add +1.3%
TEL Te Connectivity PLC 0.41% 261,518 $59.5M Reduce -27.0%
UNM Unum Group 0.41% 759,490 $58.9M New
HCA HCA Healthcare Inc. 0.39% 121,904 $56.9M Reduce -54.8%
HIG Hartford Insurance Group Inc. 0.39% 412,361 $56.8M Reduce -48.5%
GEHC GE Healthcare Technology 0.39% 692,734 $56.8M New
MRK Merck & Co. Inc. 0.39% 529,303 $55.7M New
GS Goldman Sachs Group Inc. 0.39% 63,382 $55.7M Reduce -54.2%
RL Ralph Lauren Corp. 0.37% 152,244 $53.8M New
TMO Thermo Fisher Scientific Inc. 0.36% 89,312 $51.8M New
INTU Intuit Inc. 0.35% 75,790 $50.2M Reduce -15.6%
MMM 3M Co. 0.35% 311,982 $49.9M Add +1966.1%
INSM Insmed Inc. 0.34% 281,098 $48.9M New
UNP Union Pacific Corp. 0.33% 207,615 $48.0M Add +1659.5%
SPIB SS SPDR P Int C Corp. ETF 0.33% 1,402,903 $47.4M No change
MNST Monster Beverage Corp. 0.33% 617,447 $47.3M New
IGSB iShares 1-5Y Inv Grade Corp. 0.33% 894,272 $47.3M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.32% 401,858 $45.7M New
IDXX Idexx Laboratories Inc. 0.31% 65,870 $44.6M Reduce -70.7%
EXPD Expeditors Intl Wash Inc. 0.31% 298,692 $44.5M Add +2162.8%
AON Aon PLC Class A 0.31% 124,889 $44.1M Add +93.0%
CB Chubb Ltd. 0.30% 140,634 $43.9M New
ROK Rockwell Automation Inc. 0.30% 110,410 $43.0M New
VCSH Vanguard S/T Corp. Bond ETF 0.28% 512,721 $40.9M No change
CFG Citizens Financial Group 0.28% 698,077 $40.8M Reduce -66.5%
AXP American Express Co. 0.28% 109,125 $40.4M Add +1.1%
UBS UBS Group AG-Reg 0.27% 850,286 $39.6M Add +29.7%
LIN Linde PLC 0.27% 92,379 $39.4M Add +168.2%
APH Amphenol Corp. Class A 0.27% 287,307 $38.8M Reduce -59.2%
APP AppLovin Corp. Class A 0.27% 57,460 $38.7M Reduce -79.3%
QCOM Qualcomm Inc. 0.27% 225,857 $38.6M Add +1365.0%
SRE Sempra 0.26% 430,324 $38.0M Add +15.2%
GILD Gilead Sciences Inc. 0.26% 307,765 $37.8M Add +902.5%
TTE Totalenergies SE 0.26% 573,443 $37.4M New

Show all 291 holdings

Portfolio Sells Q3 2025 → Q4 2025
META Meta Platforms Inc. Class A Reduce -30.6% 2.12% −1.38
APP AppLovin Corp. Class A Reduce -79.3% 0.27% −1.16
NFLX Netflix Inc. Reduce -52.5% 0.59% −1.05
BNS Bank of Nova Scotia Sold out 0.00% −0.99
HWM Howmet Aerospace Inc. Sold out 0.00% −0.95
MSFT Microsoft Corp. Reduce -6.5% 5.06% −0.91
STX Seagate Technology Holdings Sold out 0.00% −0.90
UBER Uber Technologies Inc. Sold out 0.00% −0.88
BAC Bank of America Corp. Reduce -60.6% 0.56% −0.82
WYNN WYNN Resorts Ltd. Sold out 0.00% −0.79
GE General Electric Reduce -62.3% 0.44% −0.74
ABBV Abbvie Inc. Reduce -52.4% 0.60% −0.72
IDXX Idexx Laboratories Inc. Reduce -70.7% 0.31% −0.72
AXON Axon Enterprise Inc. Sold out 0.00% −0.70
NKE Nike Inc. Class B Reduce -89.5% 0.07% −0.64
ORCL Oracle Corp. Reduce -79.4% 0.10% −0.63
MET Metlife Inc. Sold out 0.00% −0.60
CRWV Coreweave Inc. Class A Sold out 0.00% −0.59
NVDA Nvidia Corp. Reduce -4.0% 7.21% −0.52
SNOW Snowflake Inc. Sold out 0.00% −0.52
DHI D.R. Horton Inc. Sold out 0.00% −0.51
CFG Citizens Financial Group Reduce -66.5% 0.28% −0.51
FAST Fastenal Co. Sold out 0.00% −0.51
CNM Core & Main Inc. Class A Sold out 0.00% −0.48
UNH Unitedhealth Group Inc. Reduce -47.8% 0.45% −0.47
T AT&T Inc. Reduce -94.8% 0.02% −0.47
HD Home Depot Inc. Reduce -34.6% 0.53% −0.45
HCA HCA Healthcare Inc. Reduce -54.8% 0.39% −0.43
SPOT Spotify Technology SA Sold out 0.00% −0.42
TLN Talen Energy Corp. Sold out 0.00% −0.40
GS Goldman Sachs Group Inc. Reduce -54.2% 0.39% −0.40
SYK Stryker Corp. Reduce -94.5% 0.02% −0.39
REGN Regeneron Pharmaceuticals Reduce -72.8% 0.22% −0.38
GEV GE Vernova Inc. Reduce -45.5% 0.49% −0.38
HIG Hartford Insurance Group Inc. Reduce -48.5% 0.39% −0.37
TPR Tapestry Inc. Reduce -49.9% 0.45% −0.37
APH Amphenol Corp. Class A Reduce -59.2% 0.27% −0.35
TTWO Take-Two Interactive Softwre Reduce -40.6% 0.46% −0.35
KGC Kinross Gold Corp. Reduce -67.5% 0.19% −0.34
CRH CRH PLC Reduce -25.5% 1.05% −0.34
XYL Xylem Inc. Sold out 0.00% −0.32
DASH DoorDash Inc. Class A Sold out 0.00% −0.29
URI United Rentals Inc. Sold out 0.00% −0.29
DUK Duke Energy Corp. Sold out 0.00% −0.26
PFE Pfizer Inc. Sold out 0.00% −0.26
EFX Equifax Inc. Sold out 0.00% −0.26
BLK BlackRock Inc. Reduce -89.4% 0.03% −0.26
RACE Ferrari NV Reduce -56.6% 0.12% −0.25
AEM Agnico Eagle Mines Ltd. Reduce -47.0% 0.25% −0.23
COR Cencora Inc. Reduce -52.9% 0.23% −0.23

Portfolio Buys Q3 2025 → Q4 2025
MS Morgan Stanley New 0.97% +0.97
USB US Bancorp New 0.89% +0.89
RY Royal Bank of Canada New 0.84% +0.84
LLY Eli Lilly & Co. Add +34.7% 1.75% +0.80
CRM Salesforce Inc. Add +241.4% 1.02% +0.74
FCX Freeport-McMoran Inc. Add +740.8% 0.80% +0.73
B Barrick Mining Corp. Add +2813.4% 0.70% +0.68
CSCO Cisco Systems Inc. Add +258.3% 0.89% +0.66
C Citigroup Inc. Add +201.9% 0.92% +0.65
LRCX Lam Research Corp. Add +168.6% 0.91% +0.64
ACN Accenture PLC Class A New 0.62% +0.62
CIEN Ciena Corp. Add +929.2% 0.60% +0.56
NEE Nextera Energy Inc. Add +238.0% 0.76% +0.54
ISRG Intuitive Surgical Inc. New 0.53% +0.53
DLTR Dollar Tree Inc. New 0.53% +0.53
KO The Coca-Cola Co. New 0.51% +0.51
SGOV iShares 0-3 Month Treasury B New 0.47% +0.47
JNJ Johnson & Johnson Add +46.7% 1.22% +0.45
PM Philip Morris International Add +136.0% 0.81% +0.45
NBIX Neurocrine Biosciences Inc. New 0.45% +0.45
MAR Marriott International Class A New 0.45% +0.45
ODFL Old Dominion Freight Line New 0.45% +0.45
ULTA Ulta Beauty Inc. New 0.43% +0.43
MCD McDonald's Corp. Add +2344.3% 0.43% +0.41
UNM Unum Group New 0.41% +0.41
CAH Cardinal Health Inc. Add +1470.6% 0.42% +0.40
GEHC GE Healthcare Technology New 0.39% +0.39
MRK Merck & Co. Inc. New 0.39% +0.39
VTR Ventas Inc. Add +661.4% 0.44% +0.38
RL Ralph Lauren Corp. New 0.37% +0.37
TMO Thermo Fisher Scientific Inc. New 0.36% +0.36
INSM Insmed Inc. New 0.34% +0.34
V Visa Inc. Class A Add +28.1% 1.55% +0.34
MMM 3M Co. Add +1966.1% 0.35% +0.33
MNST Monster Beverage Corp. New 0.33% +0.33
DIS The Walt Disney Co. New 0.32% +0.32
UNP Union Pacific Corp. Add +1659.5% 0.33% +0.31
CB Chubb Ltd. New 0.30% +0.30
BNY Bank of New York Mellon Corp. Add +168.2% 0.47% +0.30
ROK Rockwell Automation Inc. New 0.30% +0.30
EXPD Expeditors Intl Wash Inc. Add +2162.8% 0.31% +0.30
RTX RTX Corp. Add +33.5% 0.95% +0.28
TTE Totalenergies SE New 0.26% +0.26
BKNG Booking Holdings Inc. New 0.26% +0.26
TJX TJX Companies Inc. New 0.26% +0.26
J Jacobs Solutions Inc. New 0.25% +0.25
QCOM Qualcomm Inc. Add +1365.0% 0.27% +0.25
BRK.B Berkshire Hathaway Inc. Class B Add +50.3% 0.77% +0.24
CW Curtiss-Wright Corp. New 0.24% +0.24
GILD Gilead Sciences Inc. Add +902.5% 0.26% +0.24

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