CIK: 0001993888
申报总市值
US$947.9亿
申报季度: 2026-03-31 · 持股只数: 2102
Pictet Asset Management Holding SA在最新一期 13F 报告中披露了 2102 项持股，申报期为 2026-03-31，总持股市值约为 US$947.9亿，季度换手率为 23.1%。
Pictet Asset Management Holding SA 目前披露的持仓，Herfindahl 集中度指数为 0.008——换算下来相当于约 118 个等权重仓位，明显低于其实际披露的 2102 只持仓。这一差距显示该机构的策略偏向集中在少数高信心仓位，而非广泛分散。
整体仓位大小差异较大（变异系数为 4.09），除少数重仓仓位外，还有许多规模较小的持仓。
最新申报季度中，并未观察到明显偏向加仓既有大仓位或大举建立新仓位的倾向。
目前行业板块分类约覆盖此投资组合披露价值的 49%；其余部分（例如未匹配板块的标的、期权或其他证券类型）尚未纳入板块分类范围。
减仓 MSFT
-9.3% -US$10.9亿
加仓 AVGO
+20.0% US$1.6亿
减仓 TMO
-16.3% -US$4.1亿
加仓 AMAT
-1.5% US$2.3亿
加仓 XEL
+37.1% US$2.3亿
减仓 TEAM
+27.4% -US$3.0亿
Pictet本季根本是在玩'陽謀式出貨'，旗下兩千多檔持股看似分散，實則針對微軟、谷歌、賽默飛等核心權重股默默倒貨，同時低調新卡位阿斯利康醫藥做防禦。表面上是持股搬家，骨子裡是在趁資金行情末段，把高beta資產丟給市場接盤。
他們這套操作背後賭的是聯準會降息時程再度延後，AI狂歡已到估值極限，因此邊漲邊賣科技權值，轉進防禦性醫藥。勝負手在於如果AI業績撐不住當前本益比，這些先行減持的部位就能避開Beta屠殺；反之若科技繼續噴，他們就是被甩轎的輸家。
罩門就出在過度分散——持股兩千檔但科技佔了近五成，這種廣撒網根本沒有主力護盤的力道。一旦市場風向轉為殺估值，籌碼只會多殺多，那些重倉的科創權值股正是外資提款機，率先被砍出場的絕對是他們。
以上内容由 AI 根据公开申报资料自动生成，仅为历史数据摘要，不构成投资建议。
仅显示前 200 大持股（共 2102 只）
| # | 代码 | 标的名称 | 资产子类别 | 占比 | 占比变动 | 持仓量变化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | 股票-科技 | 4.73% | +0.15% | +1.65% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 2.61% | -0.85% | -9.33% | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 2.55% | -0.06% | -2.40% | |
| 4 | AVGO | Broadcom INC | 股票-科技 | 2.47% | +0.35% | +20.04% | |
| 5 | AAPL | Apple INC | 股票-科技 | 2.43% | — | +2.54% | |
| 6 | AMZN | Amazon.com INC | 股票-周期性消费 | 2.09% | -0.11% | -3.03% | |
| 7 | UBS | UBS Group AG | 股票-金融 | 1.44% | -0.19% | -0.95% | |
| 8 | KLAC | Kla CORP | 股票-科技 | 1.12% | — | -18.70% | |
| 9 | TMO | Thermo Fisher Scientific INC | 股票-医疗保健 | 1.07% | -0.31% | -16.28% | |
| 10 | META | Meta Platforms Inc-class A | 股票-通信服务 | 1.04% | -0.05% | +1.54% | |
| 11 | AMAT | Applied Materials INC | 股票-科技 | 1.01% | +0.30% | -1.54% | |
| 12 | NEE | Nextera Energy INC | 股票-公用事业 | 0.95% | +0.23% | +4.27% | |
| 13 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 0.92% | — | +0.96% | |
| 14 | LLY | Eli Lilly & Co | 股票-医疗保健 | 0.92% | — | +7.21% | |
| 15 | ECL | Ecolab INC | 股票-原材料 | 0.91% | -0.07% | -15.57% | |
| 16 | CRM | Salesforce INC | 股票-科技 | 0.87% | -0.14% | +12.75% | |
| 17 | TT | Trane Technologies plc | 股票-工业 | 0.85% | — | -5.22% | |
| 18 | MA | Mastercard INC - A | 股票-金融 | 0.81% | -0.08% | -4.09% | |
| 19 | PANW | Palo Alto Networks INC | 股票-科技 | 0.81% | — | +10.39% | |
| 20 | NXPI | NXP Semiconductors N.V. | 股票-科技 | 0.80% | -0.16% | -15.51% | |
| 21 | TSLA | Tesla INC | 股票-周期性消费 | 0.75% | -0.09% | -0.07% | |
| 22 | XEL | Xcel Energy INC | 股票-公用事业 | 0.74% | +0.28% | +37.06% | |
| 23 | RSG | Republic Services INC | 股票-工业 | 0.72% | -0.07% | -19.44% | |
| 24 | AZN | AstraZeneca PLC | 股票-医疗保健 | 0.71% | +0.71% | NEW | |
| 25 | FERG | Ferguson Enterprises INC | 股票-工业 | 0.71% | — | +9.16% | |
| 26 | NOW | Servicenow INC | 股票-科技 | 0.67% | — | +58.33% | |
| 27 | LRCX | Lam Research CORP | 股票-科技 | 0.65% | — | -30.42% | |
| 28 | V | Visa Inc-class A Shares | 股票-金融 | 0.65% | -0.17% | -14.96% | |
| 29 | DT | Dynatrace INC | 股票-科技 | 0.62% | — | +7.92% | |
| 30 | ISRG | Intuitive Surgical INC | 股票-医疗保健 | 0.59% | — | +6.29% | |
| 31 | PH | Parker Hannifin CORP | 股票-工业 | 0.58% | — | +4.22% | |
| 32 | INTU | Intuit INC | 股票-科技 | 0.57% | -0.09% | +22.84% | |
| 33 | NFLX | Netflix INC | 股票-通信服务 | 0.57% | — | -5.97% | |
| 34 | HUBS | Hubspot INC | 股票-科技 | 0.56% | -0.19% | +13.05% | |
| 35 | LIN | Linde plc | 股票-原材料 | 0.56% | — | -22.61% | |
| 36 | ANET | Arista Networks INC | 股票-科技 | 0.55% | +0.26% | +86.00% | |
| 37 | XYL | Xylem INC | 股票-工业 | 0.55% | -0.10% | -11.29% | |
| 38 | ADSK | Autodesk INC | 股票-科技 | 0.53% | +0.19% | +80.24% | |
| 39 | PTC | Ptc INC | 股票-科技 | 0.53% | — | +17.78% | |
| 40 | CRWD | Crowdstrike Holdings INC - A | 股票-科技 | 0.53% | — | +40.16% | |
| 41 | AXP | American Express Co | 股票-金融 | 0.46% | +0.16% | +73.82% | |
| 42 | ETN | Eaton Corporation plc | 股票-工业 | 0.45% | — | -13.08% | |
| 43 | MU | Micron Technology INC | 股票-科技 | 0.44% | -0.10% | -36.28% | |
| 44 | SRE | Sempra | 股票-公用事业 | 0.44% | — | +0.34% | |
| 45 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.43% | — | -4.85% | |
| 46 | SO | Southern Co/the | 股票-公用事业 | 0.43% | — | -0.68% | |
| 47 | MRVL | Marvell Technology INC | 股票-科技 | 0.43% | +0.14% | +15.62% | |
| 48 | A | Agilent Technologies INC | 股票-医疗保健 | 0.42% | -0.20% | -25.03% | |
| 49 | SNOW | Snowflake INC | 股票-科技 | 0.41% | — | +44.68% | |
| 50 | AMD | Advanced Micro Devices | 股票-科技 | 0.41% | -0.08% | -18.47% |
Q3 2026表现
+3.8%
近4个季度表现
+18.4%
基于可获取价格的持仓（占申报价值的77%）计算
| 季度 | 持股只数 | 总市值 | 稳定性 | 主要持股 |
|---|---|---|---|---|
| 2026-03-31 | 2102 | US$947.9亿 | 23 | |
| 2025-12-31 | 2082 | US$1030.5亿 | 19 | |
| 2025-09-30 | 2032 | US$1037.8亿 | 31 | |
| 2025-06-30 | 2000 | US$983.0亿 | 0 | |
| 2025-03-31 | 2009 | US$900.2亿 | 0 | |
| 2024-12-31 | 2042 | US$926.6亿 | 0 | |
| 2024-09-30 | 2018 | US$908.6亿 | 0 | |
| 2024-06-30 | 1970 | US$872.5亿 | 0 | |
| 2024-03-31 | 1973 | US$918.5亿 | 0 | |
| 2023-12-31 | 1975 | US$906.6亿 | 0 | |
| 2023-09-30 | 1958 | US$810.7亿 | 0 |
Pictet Asset Management Holding SA 在 2026-03-31 最显著的持仓异动： 新建仓: AstraZeneca PLC (AZN); 清仓: Cyberark Software LTD; 减仓: Microsoft CORP (MSFT) — 股数 -9.33%; 加仓: Broadcom INC (AVGO) — 股数 +20.04%; 减仓: Thermo Fisher Scientific INC (TMO) — 股数 -16.28%.
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | AVGO | Broadcom INC | +0.4% | +20.04% | 加仓 |
| 2 | AMAT | Applied Materials INC | +0.3% | -1.54% | 减仓 |
| 3 | XEL | Xcel Energy INC | +0.3% | +37.06% | 加仓 |
| 4 | ANET | Arista Networks INC | +0.3% | +86.00% | 加仓 |
| 5 | NEE | Nextera Energy INC | +0.2% | +4.27% | 加仓 |
| 6 | ADSK | Autodesk INC | +0.2% | +80.24% | 加仓 |
| 7 | DCI | Donaldson Co INC | +0.2% | +10438.06% | 加仓 |
| 8 | AXP | American Express Co | +0.2% | +73.82% | 加仓 |
| 9 | NVDA | Nvidia CORP | +0.2% | +1.65% | 加仓 |
| 10 | MRVL | Marvell Technology INC | +0.1% | +15.62% | 加仓 |
| 11 | META | Meta Platforms Inc-class A | -0.1% | +1.54% | 加仓 |
| 12 | GOOGL | Alphabet Inc-cl A | -0.1% | -2.40% | 减仓 |
| 13 | ECL | Ecolab INC | -0.1% | -15.57% | 减仓 |
| 14 | RSG | Republic Services INC | -0.1% | -19.44% | 减仓 |
| 15 | MA | Mastercard INC - A | -0.1% | -4.09% | 减仓 |
| 16 | AMD | Advanced Micro Devices | -0.1% | -18.47% | 减仓 |
| 17 | EQIX | Equinix INC | -0.1% | -46.97% | 减仓 |
| 18 | GFL | Gfl Environmental Inc-sub Vt | -0.1% | -27.70% | 减仓 |
| 19 | TSLA | Tesla INC | -0.1% | -0.07% | 减仓 |
| 20 | INTU | Intuit INC | -0.1% | +22.84% | 加仓 |
| 21 | CDNS | Cadence Design Sys INC | -0.1% | -18.32% | 减仓 |
| 22 | VLTO | Veralto CORP | -0.1% | -20.06% | 减仓 |
| 23 | TER | Teradyne INC | -0.1% | -55.11% | 减仓 |
| 24 | XYL | Xylem INC | -0.1% | -11.29% | 减仓 |
| 25 | MU | Micron Technology INC | -0.1% | -36.28% | 减仓 |
| 26 | ACN | Accenture plc | -0.1% | -31.22% | 减仓 |
| 27 | AMZN | Amazon.com INC | -0.1% | -3.03% | 减仓 |
| 28 | CPRT | Copart INC | -0.1% | -81.22% | 减仓 |
| 29 | FIVN | Five9 INC | -0.1% | -89.85% | 减仓 |
| 30 | ADBE | Adobe INC | -0.1% | -40.55% | 减仓 |
| 31 | CRM | Salesforce INC | -0.1% | +12.75% | 加仓 |
| 32 | UNH | Unitedhealth Group INC | -0.1% | -37.77% | 减仓 |
| 33 | WM | Waste Management INC | -0.2% | -38.46% | 减仓 |
| 34 | NXPI | NXP Semiconductors N.V. | -0.2% | -15.51% | 减仓 |
| 35 | WDAY | Workday Inc-class A | -0.2% | +8.66% | 加仓 |
| 36 | BKNG | Booking Holdings INC | -0.2% | -30.89% | 减仓 |
| 37 | V | Visa Inc-class A Shares | -0.2% | -14.96% | 减仓 |
| 38 | VRTX | Vertex Pharmaceuticals INC | -0.2% | -55.14% | 减仓 |
| 39 | AWK | American Water Works Co INC | -0.2% | -61.45% | 减仓 |
| 40 | UBS | UBS Group AG | -0.2% | -0.95% | 减仓 |
| 41 | HUBS | Hubspot INC | -0.2% | +13.05% | 加仓 |
| 42 | WCN | Waste Connections INC | -0.2% | -33.72% | 减仓 |
| 43 | A | Agilent Technologies INC | -0.2% | -25.03% | 减仓 |
| 44 | ROP | Roper Technologies INC | -0.2% | -89.40% | 减仓 |
| 45 | SNPS | Synopsys INC | -0.3% | -51.40% | 减仓 |
| 46 | TEAM | Atlassian Corp-cl A | -0.3% | +27.35% | 加仓 |
| 47 | TMO | Thermo Fisher Scientific INC | -0.3% | -16.28% | 减仓 |
| 48 | MSFT | Microsoft CORP | -0.9% | -9.33% | 减仓 |
| 49 | AZN | AstraZeneca PLC | — | NEW | 新建仓 |
| 50 | ✓ | Cyberark Software LTD | — | EXIT | 清仓 |
| 季度 | 申报日期 | 类型 | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-22 | 13F-HR | 在 EDGAR 上查看 |
| 2025-12-31 | 2026-01-29 | 13F-HR | 在 EDGAR 上查看 |
| 2025-09-30 | 2025-11-18 | 13F-HR | 在 EDGAR 上查看 |
| 2025-06-30 | 2025-08-13 | 13F-HR | 在 EDGAR 上查看 |
| 2025-03-31 | 2025-05-05 | 13F-HR | 在 EDGAR 上查看 |
| 2024-12-31 | 2025-02-12 | 13F-HR | 在 EDGAR 上查看 |
| 2024-09-30 | 2024-11-12 | 13F-HR | 在 EDGAR 上查看 |
| 2024-06-30 | 2024-08-13 | 13F-HR | 在 EDGAR 上查看 |
| 2024-03-31 | 2024-05-14 | 13F-HR | 在 EDGAR 上查看 |
| 2023-12-31 | 2024-02-13 | 13F-HR | 在 EDGAR 上查看 |
| 2023-09-30 | 2023-11-14 | 13F-HR | 在 EDGAR 上查看 |
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