BP
Banque Pictet & Cie SA 13F Holdings & Position Changes (Q2 2026)
Banque Pictet & Cie SACIK: 0001535602
Momentum followerSector-focusedConcentrated strategy
Total reported value
$16.0B
Reporting period: 2026-06-30 · Number of holdings: 333
BANQUE PICTET & CIE SA disclosed 333 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $16.0B and a quarterly turnover rate of 19.0%.
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Personality snowflake
- Concentration
- 66.12
- Portfolio Stability
- 19.03
- Momentum
- 100
- Sector conviction
- 96.58
- Diversification
- 100
- Sizing Uniformity
- 27.97
Banque Pictet & Cie SA's disclosed holdings carry a Herfindahl concentration index of 0.165 — mathematically equivalent to about 6 equally-sized positions, well below its 333 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 7.20), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd MDLN
+414.6% $225.2M
Add TXN
-0.5% $155.9M
Trim ZTS
-1.5% -$86.3M
Trim MCD
-5.8% -$62.5M
Add AMD
+8.6% $103.0M
Add MA
+35.2% $129.4M
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
BANQUE PICTET & CIE SA maintained an extremely concentrated portfolio this quarter, with TSLA still dominating at ~39% weight despite a slight trim. The fund actively added to MDLN (from 0.45% to 1.81%) and AMD (0.35% to 0.95%), while also increasing positions in MA and AMZN. These moves suggest a moderate rotation out of the largest holding into smaller, high-momentum names, but the overall portfolio structure changed only modestly.
Macro & Fundamentals
The fund's perfect 100 momentum-tilt score and heavy allocation to Consumer Discretionary (52%) and Information Technology (17%) indicate a portfolio that may be aligned with a bullish consumer-tech narrative. However, based solely on the data, this could also reflect passive drift or sector conviction that predates the quarter. It is not possible to confirm any active macro call.
Blind Spots / Risks
Singular dependency on TSLA (nearly 40% weight) is a classic concentration risk — any idiosyncratic drawdown in that name would cascade disproportionately. Additionally, the low position-sizing discipline score (27.97) points to potential weaknesses in risk management, making the portfolio vulnerable to liquidity shocks or abrupt volatility spikes that could force oversized rebalancing costs.
Produced with AI assistance from this institution's Form 13F data on SEC EDGAR. Historical only; not a personalized investment recommendation — the original filing is linked below. View the original 2026-06-30 Form 13F filing on SEC.gov
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 333 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | TSLA | Tesla Inc | Stock-Consumer Disc | 39.06% | -0.05% | -0.68% | |
| 2 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 6.19% | +0.12% | +0.23% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 4.58% | -0.44% | +1.76% | |
| 4 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.34% | +0.07% | -7.72% | |
| 5 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 3.31% | -0.26% | -15.26% | |
| 6 | MA | Mastercard Inc - A | Stock-Financials | 2.89% | +0.55% | +35.23% | |
| 7 | TXN | Texas Instruments Inc | Stock-Tech | 2.82% | +0.74% | -0.47% | |
| 8 | NVDA | Nvidia CORP | Stock-Tech | 1.96% | +0.10% | +3.51% | |
| 9 | MDLN | Medline Inc-cl A | Stock-Other | 1.81% | +1.36% | +414.59% | |
| 10 | WM | Waste Management Inc | Stock-Industrials | 1.80% | -0.30% | -0.69% | |
| 11 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 1.77% | -0.67% | -5.82% | |
| 12 | MSCI | Msci Inc | Stock-Financials | 1.36% | -0.12% | -0.66% | |
| 13 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.21% | -0.09% | +6.46% | |
| 14 | MRNA | Moderna Inc | Stock-Healthcare | 1.18% | +0.20% | -1.80% | |
| 15 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 1.08% | +0.20% | -1.99% | |
| 16 | AVGO | Broadcom Inc | Stock-Tech | 1.00% | +0.13% | +6.85% | |
| 17 | AAPL | Apple Inc | Stock-Tech | 0.98% | — | -1.00% | |
| 18 | AMD | Advanced Micro Devices | Stock-Tech | 0.95% | +0.60% | +8.57% | |
| 19 | ZTS | Zoetis Inc | Stock-Healthcare | 0.81% | -0.71% | -1.45% | |
| 20 | V | Visa Inc-class A Shares | Stock-Financials | 0.73% | -0.05% | -7.31% | |
| 21 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.69% | +0.08% | -0.07% | |
| 22 | TTE | TotalEnergies SE | Stock-Other | 0.68% | -0.24% | -0.96% | |
| 23 | ABBV | Abbvie Inc | Stock-Healthcare | 0.64% | +0.07% | +9.89% | |
| 24 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.64% | +0.04% | +4.39% | |
| 25 | MU | Micron Technology Inc | Stock-Tech | 0.59% | +0.27% | -39.32% | |
| 26 | WFC | Wells Fargo & Co | Stock-Financials | 0.58% | +0.06% | +20.53% | |
| 27 | PM | Philip Morris International | Stock-Consumer Staples | 0.53% | +0.01% | +5.14% | |
| 28 | UBS | UBS Group AG | Stock-Financials | 0.51% | +0.06% | -1.64% | |
| 29 | OC | Owens Corning | Stock-Industrials | 0.51% | +0.20% | +26.89% | |
| 30 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.50% | +0.08% | +4.26% | |
| 31 | ETN | Eaton Corporation plc | Stock-Industrials | 0.45% | +0.02% | -1.94% | |
| 32 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.43% | +0.06% | -14.37% | |
| 33 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.41% | -0.03% | -1.89% | |
| 34 | LIN | Linde plc | Stock-Materials | 0.40% | -0.03% | -0.00% | |
| 35 | PQUS | Pictet Ai Enhd US Eqty ETF | ETF-Other | 0.38% | +0.02% | +3.73% | |
| 36 | ORLY | O'reilly Automotive Inc | Stock-Consumer Disc | 0.37% | -0.02% | +8.70% | |
| 37 | SYK | Stryker CORP | Stock-Healthcare | 0.37% | +0.01% | +20.80% | |
| 38 | CRM | Salesforce Inc | Stock-Tech | 0.34% | — | +33.49% | |
| 39 | DE | Deere & Co | Stock-Industrials | 0.31% | +0.01% | +1.76% | |
| 40 | BSX | Boston Scientific CORP | Stock-Healthcare | 0.29% | -0.12% | +15.99% | |
| 41 | PANW | Palo Alto Networks Inc | Stock-Tech | 0.28% | +0.20% | +83.34% | |
| 42 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.28% | -0.01% | +1.54% | |
| 43 | BAC | Bank Of America CORP | Stock-Financials | 0.25% | -0.02% | -10.80% | |
| 44 | ALC | Alcon Inc. | Stock-Healthcare | 0.23% | -0.09% | -11.04% | |
| 45 | AMAT | Applied Materials Inc | Stock-Tech | 0.23% | +0.10% | -5.44% | |
| 46 | UBER | Uber Technologies Inc | Stock-Industrials | 0.22% | -0.03% | +1.67% | |
| 47 | AZN | AstraZeneca PLC | Stock-Healthcare | 0.22% | -0.05% | -4.66% | |
| 48 | MCO | Moody's CORP | Stock-Financials | 0.20% | -0.02% | +0.89% | |
| 49 | NFLX | Netflix Inc | Stock-Comm Services | 0.20% | -0.07% | +10.65% | |
| 50 | LRCX | Lam Research CORP | Stock-Tech | 0.18% | +0.05% | -21.37% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
-5.6%
Performance Last 4 Quarters
+15.3%
- Stdev
- +19.1%
- Beta
- +1.12
- Alpha
- -7.6%
- Max Drawdown
- -18.3%
- Annualized Perf
- +13.9%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +1.29
- Stutzer
- +0.23
- Treynor
- +0.13
- Sterling
- +0.65
- Calmar
- +0.76
- Information Ratio
- -0.41
- Tracking Error
- +12.6%
- Stdev Down
- +11.5%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +33.4%
- Worst 12 Months
- +0.9%
- Efficiency Ratio
- +0.3
- Sharpe
- +0.77
- Stdev Sectors
- +14.5%
- Skewness
- -0.18
- Kurtosis
- -0.32
- Upside Potential
- +2.99
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 333 | $16.0B | 19 | ||
| 2026 Q1 | 388 | $14.2B | 26 | ||
| 2025 Q4 | 411 | $17.1B | 13 | ||
| 2025 Q3 | 405 | $17.2B | 46 | ||
| 2025 Q2 | 361 | $14.4B | 0 | ||
| 2025 Q1 | 394 | $12.4B | 100 | ||
| 2024 Q4 | 324 | $15.0B | 0 | ||
| 2024 Q3 | 301 | $13.2B | 0 | ||
| 2024 Q2 | 296 | $11.0B | 0 | ||
| 2024 Q1 | 347 | $10.6B | 0 | ||
| 2023 Q4 | 349 | $12.1B | 0 | ||
| 2023 Q3 | 440 | $8.5B | 0 | ||
| 2023 Q2 | 487 | $11.4B | 0 | ||
| 2023 Q1 | 570 | $10.3B | 0 | ||
| 2022 Q4 | 612 | $9.6B | 0 | ||
| 2022 Q3 | 619 | $9.2B | 0 | ||
| 2022 Q2 | 639 | $10.1B | 0 | ||
| 2022 Q1 | 637 | $12.9B | 0 | ||
| 2021 Q4 | 633 | $13.5B | 0 | ||
| 2021 Q3 | 345 | $9.6B | 0 | ||
| 2021 Q2 | 353 | $9.0B | 100 | ||
| 2021 Q1 | 341 | $7.8B | 14 | ||
| 2020 Q4 | 321 | $7.4B | 14 | ||
| 2020 Q3 | 308 | $6.6B | 14 | ||
| 2020 Q2 | 323 | $6.0B | 24 | ||
| 2020 Q1 | 329 | $4.9B | 24 | ||
| 2019 Q4 | 356 | $5.8B | 22 | ||
| 2019 Q3 | 348 | $5.3B | 15 | ||
| 2019 Q2 | 332 | $5.4B | 15 | ||
| 2019 Q1 | 327 | $5.2B | 32 | ||
| 2018 Q4 | 332 | $4.9B | 29 | ||
| 2018 Q3 | 358 | $5.4B | 13 | ||
| 2018 Q2 | 353 | $5.1B | 25 | ||
| 2018 Q1 | 364 | $4.7B | 19 | ||
| 2017 Q4 | 349 | $5.0B | 24 | ||
| 2017 Q3 | 381 | $4.4B | 15 | ||
| 2017 Q2 | 385 | $4.2B | 22 | ||
| 2017 Q1 | 356 | $4.0B | 25 | ||
| 2016 Q4 | 321 | $3.9B | 24 | ||
| 2016 Q3 | 316 | $3.9B | 19 | ||
| 2016 Q2 | 325 | $3.7B | 28 | ||
| 2016 Q1 | 324 | $3.8B | 23 | ||
| 2015 Q4 | 318 | $3.7B | 23 | ||
| 2015 Q3 | 360 | $3.4B | 100 | ||
| 2015 Q2 | 317 | $1.3B | 100 | ||
| 2015 Q1 | 462 | $3.8B | 22 | ||
| 2014 Q4 | 469 | $3.8B | 37 | ||
| 2014 Q3 | 464 | $3.9B | 22 | ||
| 2014 Q2 | 461 | $4.0B | 26 | ||
| 2014 Q1 | 424 | $3.7B | 23 | ||
| 2013 Q4 | 340 | $3.4B | — |
Holding changes this quarter
Banque Pictet & Cie SA's most significant position changes for 2026-06-30: New buy: ; Sold out: Global X Art Intel & Tech (AIQ); Sold out: Honeywell International Inc (HON); Sold out: LyondellBasell Industries N.V. (LYB); Sold out: Hca Healthcare Inc (HCA).
Showing top 200 changes by size (of 394 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MDLN | Medline Inc-cl A | +1.4% | +414.59% | Add |
| 2 | TXN | Texas Instruments Inc | +0.7% | -0.47% | Trim |
| 3 | AMD | Advanced Micro Devices | +0.6% | +8.57% | Add |
| 4 | MA | Mastercard Inc - A | +0.6% | +35.23% | Add |
| 5 | MU | Micron Technology Inc | +0.3% | -39.32% | Trim |
| 6 | MRNA | Moderna Inc | +0.2% | -1.80% | Trim |
| 7 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | -1.99% | Trim |
| 8 | OC | Owens Corning | +0.2% | +26.89% | Add |
| 9 | PANW | Palo Alto Networks Inc | +0.2% | +83.34% | Add |
| 10 | AVGO | Broadcom Inc | +0.1% | +6.85% | Add |
| 11 | ✓ | +0.1% | NEW | New buy | |
| 12 | AMZN | Amazon.com Inc | +0.1% | +0.23% | Add |
| 13 | PH | Parker Hannifin CORP | +0.1% | +467.54% | Add |
| 14 | TW | Tradeweb Markets Inc-class A | +0.1% | +5876.90% | Add |
| 15 | NVDA | Nvidia CORP | +0.1% | +3.51% | Add |
| 16 | AMAT | Applied Materials Inc | +0.1% | -5.44% | Trim |
| 17 | QQQ | Invesco Qqq Trust Series 1 | +0.1% | -0.07% | Trim |
| 18 | LLY | Eli Lilly & Co | +0.1% | +4.26% | Add |
| 19 | SE | Sea Ltd-adr | +0.1% | +99.17% | Add |
| 20 | GOOGL | Alphabet Inc-cl A | +0.1% | -7.72% | Trim |
| 21 | ABBV | Abbvie Inc | +0.1% | +9.89% | Add |
| 22 | WFC | Wells Fargo & Co | +0.1% | +20.53% | Add |
| 23 | UBS | UBS Group AG | +0.1% | -1.64% | Trim |
| 24 | UNH | Unitedhealth Group Inc | +0.1% | -14.37% | Trim |
| 25 | WDAY | Workday Inc-class A | +0.1% | +77.39% | Add |
| 26 | LRCX | Lam Research CORP | +0.1% | -21.37% | Trim |
| 27 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | +4.39% | Add |
| 28 | HUM | Humana Inc | 0% | -17.60% | Trim |
| 29 | GEV | GE Vernova Inc | 0% | +479.60% | Add |
| 30 | ASX | Ase Technology Holding -adr | 0% | +1.49% | Add |
| 31 | ETN | Eaton Corporation plc | 0% | -1.94% | Trim |
| 32 | PQUS | Pictet Ai Enhd US Eqty ETF | 0% | +3.73% | Add |
| 33 | P | Everpure Inc-a | 0% | +4.74% | Add |
| 34 | ROK | Rockwell Automation Inc | 0% | -1.27% | Trim |
| 35 | EEM | Ishares Msci Emerging Market | 0% | +16.15% | Add |
| 36 | GFL | Gfl Environmental Inc-sub Vt | 0% | +120.64% | Add |
| 37 | ✓ | 0% | NEW | New buy | |
| 38 | ✓ | 0% | NEW | New buy | |
| 39 | PM | Philip Morris International | 0% | +5.14% | Add |
| 40 | SYK | Stryker CORP | 0% | +20.80% | Add |
| 41 | DE | Deere & Co | 0% | +1.76% | Add |
| 42 | MS | Morgan Stanley | 0% | +0.37% | Add |
| 43 | IBM | Intl Business Machines CORP | 0% | +4.47% | Add |
| 44 | ETSY | Etsy Inc | 0% | -1.99% | Trim |
| 45 | EWT | Ishares Msci Taiwan ETF | 0% | -14.15% | Trim |
| 46 | HOOD | Robinhood Markets Inc - A | 0% | +0.37% | Add |
| 47 | IGV | Ishares Expanded Tech-softwa | 0% | +285.05% | Add |
| 48 | ELV | Elevance Health Inc | 0% | -1.68% | Trim |
| 49 | ✓ | 0% | NEW | New buy | |
| 50 | NVT | nVent Electric plc | 0% | +48.83% | Add |
1–50 of 200
Filing History
FAQ
What is Banque Pictet & Cie SA and what type of investor is it?
Banque Pictet & Cie SA is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $16.0B, spread across 333 disclosed positions.
What are Banque Pictet & Cie SA's largest equity positions?
Based on the latest 13F filing, Banque Pictet & Cie SA's top holdings by market value are:
1. Tesla Inc (TSLA) — $6.2B (39.1%)
2. Amazon.com Inc (AMZN) — $987.8M (6.2%)
3. Microsoft CORP (MSFT) — $731.5M (4.6%)
4. Alphabet Inc-cl A (GOOGL) — $533.0M (3.3%)
5. Alphabet Inc-cl C (GOOG) — $529.2M (3.3%)
What changes did Banque Pictet & Cie SA make in its most recent portfolio filing?
In the latest reported quarter, Banque Pictet & Cie SA made 196 notable position adjustments: 5 new positions were initiated, 55 existing holdings were added to, 84 positions were partially reduced, and 52 were completely exited. The largest of these moves: New buy: ; Sold out: Global X Art Intel & Tech (AIQ); Sold out: Honeywell International Inc (HON); Sold out: LyondellBasell Industries N.V. (LYB); Sold out: Hca Healthcare Inc (HCA)
What sectors does Banque Pictet & Cie SA focus on?
Banque Pictet & Cie SA is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 52.1%
• Information Technology: 17.3%
• Communication Services: 8.8%
• Financials: 8.1%
• Health Care: 6.8%
• Industrials: 4.2%
Investment Profile
Banque Pictet & Cie SA returned an annualized 13.9% over the trailing 36 months — underperforming the S&P 500 by 7.6 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.12 (more volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is concentrated and long-term-holding, with 52.1% of the portfolio concentrated in Consumer Discretionary.
Its turnover score has risen from 0 to 19 over the past 4 quarters — a shift toward more active trading.
It has added to its MRNA position over the past two quarters (+$96.7M, now $189.0M), while trimming ZTS over the same stretch (-$170.4M, still holding $128.9M).
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Developer Access
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