UG
UBS Group AG — 13F Filings Deep Dive
UBS Group AGDiversified strategy
Total reported value
$666.3B
Reporting period: 2026-03-31 · Number of holdings: 22771
UBS Group AG disclosed 22771 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $666.3B and a quarterly turnover rate of 27.0%.
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Personality snowflake
- Concentration
- 2.02
- Portfolio Stability
- 27.04
- Momentum/Contrarian
- 64.35
- Sector conviction
- 47.27
- Diversification
- 100
- Sizing Uniformity
- 32.88
Recent moves
Trim MSFT
+3.7% -$3.9B
Add IEFA
+222.6% $4.4B
Add QQQ
+57.4% $3.4B
Trim UBS
-19.7% -$2.2B
Add VONG
+671.3% $2.7B
Add VONV
+1080.0% $2.7B
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
UBS forced a decisive capital rotation into broad market and factor ETFs this quarter. Traders actively expanded share counts across international equity (IEFA), US mid/small-cap diversifiers (QQQ, VO, VONG/VONV), and USD IG credit (USIG), while trimming the firm’s own equity position despite portfolio weight dilution.
Macro & Fundamentals
The desk locks into a structural macro call on rate-cut stability driving a broadening rally outside mega-caps. Capital rotation pushes funds into mid-cap growth and international value to dodge the positioning squeeze lurking in AI-driven crowded trades. This setup directly breaks the liquidity trap holding capital inside large-cap tech concentration.
Blind Spots / Risks
9,112 holdings with near-zero position sizing discipline means the strategy’s edge vanishes when market breadth collapses. The heavy ETF sieve creates massive tracking drag and locks out pure stock selection alpha. As factors compress simultaneously, elevated turnover costs will systematically bleed portfolio returns during regime shifts.
Generated by AI based on public SEC filings. Reflects past holdings only and should not be treated as investment advice.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 9112 holdings (of 22771 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 2.95% | — | +4.71% | |
| 2 | AAPL | Apple INC | Stock-Tech | 2.41% | — | +5.76% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 2.23% | -0.80% | +3.72% | |
| 4 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.98% | -0.02% | +12.24% | |
| 5 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 1.57% | +0.42% | +57.38% | |
| 6 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.37% | — | +9.65% | |
| 7 | AVGO | Broadcom INC | Stock-Tech | 1.34% | — | +6.63% | |
| 8 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.33% | -0.20% | +4.32% | |
| 9 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.05% | — | +9.16% | |
| 10 | GLD | Spdr Gold Shares | ETF-Commodities | 1.00% | +0.18% | +20.95% | |
| 11 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.95% | -0.20% | -1.48% | |
| 12 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 0.94% | +0.63% | +222.61% | |
| 13 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.91% | -0.25% | -7.66% | |
| 14 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.79% | +0.19% | +28.03% | |
| 15 | UBS | UBS Group AG | Stock-Financials | 0.69% | -0.41% | -19.69% | |
| 16 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.68% | -0.18% | -15.06% | |
| 17 | TSLA | Tesla INC | Stock-Consumer Disc | 0.68% | — | +10.86% | |
| 18 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.63% | — | +11.13% | |
| 19 | V | Visa Inc-class A Shares | Stock-Financials | 0.61% | -0.15% | +0.64% | |
| 20 | VO | Vanguard Mid-cap ETF | ETF-Other | 0.58% | +0.32% | +140.63% | |
| 21 | XOM | Exxon Mobil CORP | Stock-Energy | 0.55% | +0.20% | +21.48% | |
| 22 | MU | Micron Technology INC | Stock-Tech | 0.51% | — | -8.71% | |
| 23 | ORCL | Oracle CORP | Stock-Tech | 0.51% | — | +42.79% | |
| 24 | ABBV | Abbvie INC | Stock-Healthcare | 0.49% | +0.04% | +25.39% | |
| 25 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 0.48% | — | +1.02% | |
| 26 | VONG | Vanguard Russell 1000 Growth | ETF-Other | 0.47% | +0.40% | +671.27% | |
| 27 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.46% | +0.10% | +44.10% | |
| 28 | NFLX | Netflix INC | Stock-Comm Services | 0.45% | — | +4.11% | |
| 29 | AMD | Advanced Micro Devices | Stock-Tech | 0.44% | — | +2.23% | |
| 30 | VONV | Vanguard Russell 1000 Value | ETF-Other | 0.44% | +0.40% | +1080.03% | |
| 31 | USIG | Ishares Broad Usd Investment | ETF-Other | 0.43% | +0.40% | +1285.25% | |
| 32 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.42% | — | +16.23% | |
| 33 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 0.42% | +0.13% | +56.54% | |
| 34 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.41% | — | -0.77% | |
| 35 | WMT | Walmart INC | Stock-Consumer Staples | 0.40% | — | -13.60% | |
| 36 | VUG | Vanguard Growth ETF | ETF-Other | 0.40% | — | +8.10% | |
| 37 | VTV | Vanguard Value ETF | ETF-Other | 0.40% | — | +6.81% | |
| 38 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 0.40% | +0.24% | +162.96% | |
| 39 | CSCO | Cisco Systems INC | Stock-Tech | 0.39% | — | +2.50% | |
| 40 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.38% | — | -8.56% | |
| 41 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.38% | — | -1.12% | |
| 42 | HD | Home Depot INC | Stock-Consumer Disc | 0.37% | — | +4.05% | |
| 43 | CVX | Chevron CORP | Stock-Energy | 0.36% | — | -10.93% | |
| 44 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.35% | — | +13.79% | |
| 45 | NEE | Nextera Energy INC | Stock-Utilities | 0.34% | +0.09% | +27.65% | |
| 46 | MS | Morgan Stanley | Stock-Financials | 0.33% | — | +2.92% | |
| 47 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.33% | — | +9.20% | |
| 48 | SLB | Slb LTD | Stock-Energy | 0.32% | +0.16% | +63.70% | |
| 49 | MBB | Ishares Mbs ETF | ETF-Other | 0.31% | +0.28% | +1028.44% | |
| 50 | IWF | Ishares Russell 1000 Growth | ETF-Other | 0.31% | — | -1.51% |
1–50 of 9,112
Portfolio Performance
Performance for Q3 2026
+2.9%
Performance Last 4 Quarters
+22.7%
Based on 78% of reported portfolio value with available pricing
- Stdev
- +13%
- Beta
- +0.97
- Alpha
- +0.2%
- Max Drawdown
- -7.6%
- Annualized Perf
- +18.7%
- Batting Avg vs S&P
- +55.6%
- Sortino
- +2.97
- Stutzer
- +0.41
- Treynor
- +0.19
- Sterling
- +1.13
- Calmar
- +2.46
- Information Ratio
- -0.14
- Tracking Error
- +2.8%
- Stdev Down
- +6.1%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +36%
- Worst 12 Months
- +6.5%
- Efficiency Ratio
- +0.58
- Sharpe
- +1.39
- Stdev Sectors
- +7.8%
- Skewness
- +0.18
- Kurtosis
- -0.24
- Upside Potential
- +4.66
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 22771 | $666.3B | 27 | |
| 2025-12-31 | 24019 | $616.7B | 22 | |
| 2025-09-30 | 22854 | $638.4B | 30 | |
| 2025-06-30 | 22017 | $577.6B | 0 | |
| 2025-03-31 | 23156 | $544.0B | 100 | |
| 2024-12-31 | 23016 | $541.1B | 0 | |
| 2024-09-30 | 22560 | $459.0B | 0 | |
| 2024-06-30 | 21355 | $404.8B | 0 | |
| 2024-03-31 | 18453 | $401.5B | 0 | |
| 2023-12-31 | 18527 | $334.1B | 0 | |
| 2023-09-30 | 17347 | $290.1B | 0 | |
| 2023-06-30 | 17107 | $296.1B | 0 | |
| 2023-03-31 | 18413 | $273.6B | 0 | |
| 2022-12-31 | 20469 | $267.8B | 0 | |
| 2022-09-30 | 19366 | $228.1B | 0 | |
| 2022-06-30 | 19057 | $243.5B | 0 | |
| 2022-03-31 | 19884 | $300.0B | 0 | |
| 2021-12-31 | 20787 | $349.1B | 0 | |
| 2021-09-30 | 18647 | $317.6B | 0 | |
| 2021-06-30 | 15199 | $310.2B | 100 | |
| 2021-03-31 | 14846 | $301.3B | 24 | |
| 2020-12-31 | 14104 | $295.8B | 27 | |
| 2020-09-30 | 13785 | $265.3B | 20 | |
| 2020-06-30 | 13600 | $236.8B | 25 | |
| 2020-03-31 | 13681 | $212.2B | 40 | |
| 2019-12-31 | 13930 | $287.4B | 22 | |
| 2019-09-30 | 13771 | $259.8B | 17 | |
| 2019-06-30 | 13618 | $259.6B | 20 | |
| 2019-03-31 | 12989 | $242.1B | 26 | |
| 2018-12-31 | 14003 | $220.5B | 28 | |
| 2018-09-30 | 13792 | $252.3B | 20 | |
| 2018-06-30 | 13708 | $230.9B | 28 | |
| 2018-03-31 | 13432 | $231.6B | 24 | |
| 2017-12-31 | 13779 | $243.4B | 23 | |
| 2017-09-30 | 13216 | $216.2B | 24 | |
| 2017-06-30 | 12817 | $193.2B | 24 | |
| 2017-03-31 | 12925 | $183.3B | 26 | |
| 2016-12-31 | 13500 | $181.1B | 24 | |
| 2016-09-30 | 12798 | $167.7B | 21 | |
| 2016-06-30 | 14247 | $159.2B | 24 | |
| 2016-03-31 | 13855 | $149.3B | 32 | |
| 2015-12-31 | 15204 | $154.0B | 33 | |
| 2015-09-30 | 14899 | $141.2B | 32 | |
| 2015-06-30 | 14890 | $150.5B | 24 | |
| 2015-03-31 | 15013 | $144.8B | 28 | |
| 2014-12-31 | 15242 | $143.1B | — |
Holding changes this quarter
UBS Group AG's most significant position changes for 2026-03-31: New buy: AstraZeneca PLC (AZN); Sold out: Cyberark Software LTD; Add: Microsoft CORP (MSFT) — shares +3.72%; Add: Ishares Core Msci Eafe ETF (IEFA) — shares +222.61%; Add: Invesco Qqq Trust Series 1 (QQQ) — shares +57.38%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IEFA | Ishares Core Msci Eafe ETF | +0.6% | +222.61% | Add |
| 2 | QQQ | Invesco Qqq Trust Series 1 | +0.4% | +57.38% | Add |
| 3 | VONG | Vanguard Russell 1000 Growth | +0.4% | +671.27% | Add |
| 4 | VONV | Vanguard Russell 1000 Value | +0.4% | +1080.03% | Add |
| 5 | USIG | Ishares Broad Usd Investment | +0.4% | +1285.25% | Add |
| 6 | VO | Vanguard Mid-cap ETF | +0.3% | +140.63% | Add |
| 7 | MBB | Ishares Mbs ETF | +0.3% | +1028.44% | Add |
| 8 | IEMG | Ishares Core Msci Emerging | +0.2% | +162.96% | Add |
| 9 | XOM | Exxon Mobil CORP | +0.2% | +21.48% | Add |
| 10 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | +28.03% | Add |
| 11 | GLD | Spdr Gold Shares | +0.2% | +20.95% | Add |
| 12 | SCHB | Schwab US Broad Market ETF | +0.2% | +3330.42% | Add |
| 13 | VTWO | Vanguard Russell 2000 ETF | +0.2% | +734.39% | Add |
| 14 | SLB | Slb LTD | +0.2% | +63.70% | Add |
| 15 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | +0.1% | +56.54% | Add |
| 16 | USHY | Ishares Broad Usd High Yield | +0.1% | +1042.31% | Add |
| 17 | EMB | Ishares Jp Morgan Usd Emergi | +0.1% | +627.29% | Add |
| 18 | VRT | Vertiv Holdings Co-a | +0.1% | +56.27% | Add |
| 19 | IVV | Ishares Core S&p 500 ETF | +0.1% | +44.10% | Add |
| 20 | TXN | Texas Instruments INC | +0.1% | +46.82% | Add |
| 21 | EWY | Ishares Msci South Korea ETF | +0.1% | +674.06% | Add |
| 22 | NEE | Nextera Energy INC | +0.1% | +27.65% | Add |
| 23 | LITE | Lumentum Holdings INC | +0.1% | -5.92% | Trim |
| 24 | IAU | Ishares Gold Trust | +0.1% | +70.80% | Add |
| 25 | LIN | Linde plc | +0.1% | +27.45% | Add |
| 26 | IGV | Ishares Expanded Tech-softwa | +0.1% | +552.38% | Add |
| 27 | MUB | Ishares National Muni Bond E | +0.1% | +211.70% | Add |
| 28 | GEV | GE Vernova INC | +0.1% | +14.73% | Add |
| 29 | VV | Vanguard Large-cap ETF | +0.1% | +83.57% | Add |
| 30 | ASML | ASML Holding N.V. | +0.1% | +37.38% | Add |
| 31 | XLE | Ss Energy Select Sector | +0.1% | +10.20% | Add |
| 32 | ABBV | Abbvie INC | 0% | +25.39% | Add |
| 33 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | +12.24% | Add |
| 34 | BABA | Alibaba Group Holding-sp Adr | -0.1% | -9.85% | Trim |
| 35 | APP | Applovin Corp-class A | -0.1% | +0.47% | Add |
| 36 | CRWD | Crowdstrike Holdings INC - A | -0.1% | -28.69% | Trim |
| 37 | IEF | Ishares 7-10 Year Treasury B | -0.1% | -43.84% | Trim |
| 38 | MA | Mastercard INC - A | -0.1% | -12.52% | Trim |
| 39 | ALC | Alcon Inc. | -0.1% | -52.37% | Trim |
| 40 | V | Visa Inc-class A Shares | -0.2% | +0.64% | Add |
| 41 | SNOW | Snowflake INC | -0.2% | -38.68% | Trim |
| 42 | BAC | Bank Of America CORP | -0.2% | -24.23% | Trim |
| 43 | IWM | Ishares Russell 2000 ETF | -0.2% | -15.06% | Trim |
| 44 | JPM | Jpmorgan Chase & Co | -0.2% | -1.48% | Trim |
| 45 | AMZN | Amazon.com INC | -0.2% | +4.32% | Add |
| 46 | GOOG | Alphabet Inc-cl C | -0.3% | -7.66% | Trim |
| 47 | UBS | UBS Group AG | -0.4% | -19.69% | Trim |
| 48 | MSFT | Microsoft CORP | -0.8% | +3.72% | Add |
| 49 | AZN | AstraZeneca PLC | — | NEW | New buy |
| 50 | ✓ | Cyberark Software LTD | — | EXIT | Sold out |
FAQ
What is UBS Group AG and what type of investor is it?
UBS Group AG is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $666.3B, spread across 22771 disclosed positions.
What are UBS Group AG's largest equity positions?
Based on the latest 13F filing, UBS Group AG's top holdings by market value are:
1. Nvidia CORP (NVDA) — $19.7B (3.0%)
2. Apple INC (AAPL) — $16.0B (2.4%)
3. Microsoft CORP (MSFT) — $14.8B (2.2%)
4. Ss Spdr S&p 500 ETF Trust-us (SPY) — $13.2B (2.0%)
5. Invesco Qqq Trust Series 1 (QQQ) — $10.5B (1.6%)
What changes did UBS Group AG make in its most recent portfolio filing?
In the latest reported quarter, UBS Group AG made 50 notable position adjustments: 1 new positions were initiated, 36 existing holdings were added to, 12 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: AstraZeneca PLC (AZN); Sold out: Cyberark Software LTD; Add: Microsoft CORP (MSFT) — shares +3.72%; Add: Ishares Core Msci Eafe ETF (IEFA) — shares +222.61%; Add: Invesco Qqq Trust Series 1 (QQQ) — shares +57.38%
What sectors does UBS Group AG focus on?
UBS Group AG is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 31.0%
• Financials: 13.3%
• Industrials: 10.7%
• Consumer Discretionary: 10.3%
• Health Care: 9.0%
• Communication Services: 8.3%
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