HolderBook

Bank Pictet & Cie (Europe) AG

Reported holdings as of Q2 2026, from 31 quarterly filings.

CIK
1123274
Reported value
$5.1B
Positions
204
Top 10 weight
48.9%
Filed
2026-07-24
Days after quarter end
24

Holdings

SecurityTickerValue SharesWeightWeight change Held Change
NVIDIA CORPORATION OPTNVDA$456.6M2,280,9778.92%+0.76pp25q+3.9%+$17.3M
ALPHABET INCGOOGL$425.8M1,191,3808.32%+0.82pp31q-2.5%-$11.0M
AMAZON COM INC OPTAMZN$407.5M1,707,3197.96%+0.30pp31q-1.0%-$4.0M
MICROSOFT CORP OPTMSFT$321.0M862,9646.27%-0.51pp31qHELD
VISA INCV$206.2M600,9324.03%+0.04pp31q-2.8%-$5.9M
APPLE INCAAPL$151.3M522,8052.96%+0.14pp31q+0.5%+$765.1K
ADVANCED MICRO DEVICES INCAMD$137.7M237,0612.69%+1.86pp21q+24.0%+$26.7M
COSTCO WHOLESALE CORPORATIONCOST$136.8M146,2542.67%+0.18pp26q+24.7%+$27.1M
BROADCOM INCAVGO$133.7M353,8092.61%+0.51pp14q+11.1%+$13.3M
TAIWAN SEMICONDUCTOR MANUFACTSM$127.5M266,8742.49%+0.42pp25q-7.2%-$9.9M
META PLATFORMS INCMETA$112.8M200,2522.20%-0.22pp31q+0.8%+$878.7K
ABBVIE INC OPTABBV$99.3M393,5971.94%+0.06pp22q-2.6%-$2.7M
LINDE PLCLIN$97.9M188,6021.91%-0.01pp14q+3.8%+$3.6M
TOTALENERGIES SE OPTTTE$96.3M1,231,2491.88%-0.60pp3q-0.8%-$750.5K
ALPHABET INCGOOG$92.6M262,0461.81%+0.03pp31q-10.0%-$10.3M
CINTAS CORPCTAS$87.5M514,1841.71%-0.15pp31qHELD
SLB LIMITEDSLB$84.1M1,809,0871.64%-0.25pp15q+4.8%+$3.8M
UNITEDHEALTH GROUP INCUNH$80.5M193,6041.57%+0.42pp31q-3.3%-$2.7M
INTUITIVE SURGICAL INCISRG$76.9M193,4241.50%-0.35pp28q+2.5%+$1.9M
DANAHER CORP DELDHR$67.8M356,0961.33%-0.13pp31q-1.4%-$942.9K
BERKSHIRE HATHAWAY INC DELBRKA$66.6M891.30%-0.06pp31qHELD
EATON CORP PLCETN$66.3M155,6331.30%+0.03pp7q-6.3%-$4.5M
JPMORGAN CHASE & COJPM$66.2M202,2641.29%+0.02pp29qHELD
PHILIP MORRIS INTL INCPM$61.1M337,7241.19%+0.08pp6q+7.1%+$4.0M
WELLS FARGO & COWFC$57.1M691,3891.12%-0.01pp31q+4.5%+$2.5M
ELI LILLY & COLLY$53.9M44,9771.05%+0.04pp23q-12.9%-$8.0M
RANGE RES CORPRRC$53.1M1,427,3571.04%-0.34pp4qHELD
OREILLY AUTOMOTIVE INCORLY$52.4M569,0691.02%-0.10pp9qHELD
OWENS CORNING NEWOC$49.6M312,1730.97%+0.26pp7q+1.3%+$617.9K
IDEXX LABS INCIDXX$46.9M89,0000.92%-0.15pp26qHELD
STRYKER CORPORATIONSYK$46.1M146,3590.90%-0.12pp22qHELD
PALO ALTO NETWORKS INCPANW$39.3M115,3270.77%+0.44pp23q+18.9%+$6.3M
MICRON TECHNOLOGY INCMU$37.9M32,8010.74%+0.42pp24q-25.3%-$12.8M
SALESFORCE INCCRM$36.2M230,8310.71%-0.17pp30q+4.7%+$1.6M
PARAMOUNT SKYDANCE CORPPSKY$34.8M3,527,3880.68%flat4qHELD
BOEING COBA$33.9M156,4700.66%flat7qHELD
BOSTON SCIENTIFIC CORPBSX$30.6M717,9730.60%-0.26pp31q+12.0%+$3.3M
MERCK & CO INCMRK$29.9M232,5960.58%-0.03pp31q-2.2%-$665.2K
MCDONALDS CORPMCD$26.5M97,9960.52%-0.44pp31q-32.0%-$12.4M
CHIPOTLE MEXICAN GRILL INCCMG$25.7M757,3270.50%+0.10pp21q+27.4%+$5.5M
BANK OF AMER CORPBAC$25.4M445,9080.50%-0.02pp31q-10.3%-$2.9M
NOVAGOLD RESOURCES INCNG$24.9M4,166,2320.49%-0.41pp16q-10.9%-$3.0M
ZOETIS INCZTS$24.5M341,5600.48%-0.42pp31q-4.7%-$1.2M
TEXAS INSTRS INCTXN$23.8M79,7690.46%+0.08pp31q-14.3%-$4.0M
UBER TECHNOLOGIES INCUBER$23.7M328,6420.46%-0.04pp7qHELD
MASTERCARD INCORPORATEDMA$23.4M45,5980.46%+0.03pp31q+14.5%+$3.0M
AURORA INNOVATION INCAUR$23.2M3,400,0000.45%+0.15pp4qHELD
TARGA RES CORPTRGP$21.0M78,3680.41%-0.14pp3q-24.2%-$6.7M
INVESCO QQQ TRQQQ$20.7M28,2210.40%+0.03pp31q-6.5%-$1.5M
CARVANA COCVNA$20.5M312,0920.40%-0.02pp2q+399.5%+$16.4M
SERVICENOW INCNOW$19.2M193,6570.38%-0.06pp10q-0.9%-$183.7K
PARKER-HANNIFIN CORPPH$18.9M19,3320.37%+0.27pp14q+260.5%+$13.7M
MARSH & MCLENNAN COS INCMRSH$18.8M112,6640.37%-0.38pp7q-44.3%-$14.9M
GILEAD SCIENCES INCGILD$17.7M140,2280.35%-0.08pp5q-1.4%-$252.8K
SPDR GOLD TRGLD$17.5M47,8140.34%-0.10pp31qHELD
MOODYS CORPMCO$16.0M35,3740.31%-0.03pp31q-5.2%-$884.6K
MEDLINE INCMDLN$15.7M397,0330.31%+0.23pp2q+368.4%+$12.3M
WASTE MGMT INC DELWM$14.8M66,1900.29%-0.10pp10q-16.7%-$3.0M
BOOKING HOLDINGS INCBKNG$14.5M81,6250.28%-0.05pp31q+2119.3%+$13.9M
ISHARES TRIVE$14.3M62,9470.28%flat31qHELD
ISHARES TRIEO$13.4M122,1390.26%-0.16pp2q-22.3%-$3.9M
SPDR SERIES TRUSTXOP$13.4M86,8750.26%-0.17pp2q-21.7%-$3.7M
D R HORTON INCDHI$13.1M80,2220.26%-0.03pp9q-17.0%-$2.7M
ISHARES TRIVV$12.8M17,0680.25%+0.01pp31qHELD
CME GROUP INCCME$12.3M55,8090.24%-0.13pp24q-4.5%-$578.6K
MONDELEZ INTL INCMDLZ$12.0M207,2920.23%-0.06pp31q-14.8%-$2.1M
MERCADOLIBRE INCMELI$11.9M7,0180.23%+0.04pp7q+32.9%+$2.9M
COUPANG INCCPNG$11.6M667,9740.23%-0.05pp2q-1.2%-$142.8K
BERKSHIRE HATHAWAY INC DELBRKB$11.5M23,0410.23%+0.01pp31q+11.2%+$1.2M
THERMO FISHER SCIENTIFIC INCTMO$11.4M22,8230.22%-0.06pp31q-14.7%-$2.0M
MSCI INCMSCI$11.4M20,3650.22%-0.06pp4q-16.1%-$2.2M
DEXCOM INCDXCM$10.8M160,8250.21%+0.02pp23q+15.3%+$1.4M
FREEPORT-MCMORAN INCFCX$10.2M162,7790.20%-0.07pp11q-25.1%-$3.4M
SHOPIFY INCSHOP$9.6M83,9780.19%-0.24pp2q-50.0%-$9.6M
SEA LTDSE$9.2M96,1310.18%+0.07pp9q+54.4%+$3.2M
NETFLIX INCNFLX$8.9M124,1890.17%-0.07pp16q+5.2%+$435.1K
STATE STR SPDR S&P 500 ETF TSPY$8.8M11,7570.17%-0.21pp31q-57.0%-$11.7M
WORKDAY INCWDAY$8.8M71,5510.17%+0.05pp22q+65.3%+$3.5M
ADOBE INCADBE$7.8M38,2190.15%-0.02pp31q+13.7%+$944.7K
PFIZER INCPFE$7.7M320,3780.15%-0.03pp2q+5.7%+$413.6K
HONEYWELL INTL INCHON$7.5M33,3670.15%-newNEW
PEPSICO INCPEP$7.1M52,6570.14%-0.05pp31q-5.7%-$431.9K
EVERPURE INCP$6.7M85,4080.13%+0.04pp15q+17.3%+$991.7K
S&P GLOBAL INCSPGI$5.9M14,4490.11%-0.02pp12q-2.2%-$135.2K
HONEYWELL AEROSPACE INCHONA$5.8M26,3670.11%-newNEW
ASE TECHNOLOGY HLDG CO LTDASX$5.0M110,8640.10%+0.05pp6q-0.6%-$29.5K
ALCON AG OPTALC$4.9M70,3960.10%-0.03pp7q-8.0%-$428.2K
US BANCORPUSB$4.5M74,0680.09%+0.01pp5qHELD
PROCTER & GAMBLE COPG$4.4M29,6780.09%-0.06pp31q-35.9%-$2.4M
ASTRAZENECA PLCAZN$4.3M22,7590.08%flat2q+13.5%+$505.8K
SNOWFLAKE INCSNOW$4.1M16,1500.08%+0.03pp23qHELD
TECHNIPFMC PLCFTI$4.1M61,2550.08%-0.03pp2q-13.5%-$635.9K
GOLDMAN SACHS GROUP INCGS$4.0M3,9940.08%+0.01pp7qHELD
NVENT ELEC PLCNVT$3.9M23,0520.08%flat9q-18.6%-$893.8K
VERIZON COMMUNICATIONS INCVZ$3.8M89,4040.07%+0.03pp5q+112.9%+$2.0M
SPDR SERIES TRUSTXBI$3.8M23,8710.07%+0.01pp3qHELD
ISHARES TRIGV$3.6M39,3410.07%-newNEW
ISHARES TRIBB$3.1M16,2800.06%flat10qHELD
UBS GROUP AGUBS$3.0M61,2090.06%-0.02pp10q-38.0%-$1.9M
SMURFIT WESTROCK PLCSW$3.0M63,9640.06%-0.01pp8q-21.1%-$793.6K
TESLA INCTSLA$2.9M7,0000.06%flat25qHELD
INTERCONTINENTAL EXCHANGE INICE$2.9M23,2640.06%-0.04pp19q-15.6%-$528.6K
ABBOTT LABORATORIESABT$2.9M31,5590.06%-0.05pp31q-34.6%-$1.5M
HDFC BANK LTDHDB$2.7M106,4470.05%-0.01pp25q-6.4%-$188.7K
INTERNATIONAL BUSINESS MACHSIBM$2.5M8,9550.05%+0.02pp3q+51.0%+$850.7K
UNION PAC CORPUNP$2.4M8,7520.05%+0.01pp14q+22.2%+$433.0K
COCA COLA COKO$2.3M28,0700.04%flat31q+10.5%+$216.5K
CHUBB LIMITEDCB$2.3M6,6430.04%flat7q+1.8%+$40.2K
JOHNSON & JOHNSONJNJ$2.2M8,6280.04%flat31q+1.1%+$24.1K
THE CIGNA GROUPCI$2.2M7,9250.04%-0.01pp13q-13.3%-$333.8K
RIO TINTO PLCRIO$2.0M20,7650.04%flat12q-1.3%-$25.6K
SCHWAB CHARLES CORPSCHW$1.9M20,8600.04%flat6q+2.5%+$46.6K
YUM CHINA HLDGS INCYUMC$1.9M47,0500.04%-0.01pp6qHELD
EDWARDS LIFESCIENCES CORPEW$1.8M20,1850.04%flat22qHELD
ICICI BANK LIMITEDIBN$1.8M62,2590.04%+0.01pp11q+35.6%+$474.7K
STARBUCKS CORPSBUX$1.8M17,6010.03%+0.01pp31q+18.4%+$278.9K
CF INDUSTRIES HOLDCF$1.7M16,0330.03%-0.01pp5qHELD
CHEVRON CORPORATIONCVX$1.7M10,0570.03%-0.01pp23q-1.3%-$21.2K
ROCKWELL AUTOMATION INCROK$1.6M3,3140.03%+0.01pp14q+3.4%+$53.5K
TJX COS INC NEWTJX$1.6M10,5410.03%-0.01pp31q-17.7%-$342.5K
SOPHIA GENETICS SASOPH$1.5M255,2000.03%flat18qHELD
VANGUARD WORLD FDVGT$1.4M11,9230.03%flat3q+577.4%+$1.2M
EXPEDIA GROUP INCEXPE$1.4M5,3090.03%flat6q+3.7%+$48.9K
PTC INCPTC$1.4M11,8850.03%flat13q+22.4%+$247.0K
LYONDELLBASELL INDUSTRIES NVLYB$1.3M24,3230.03%-0.03pp31q-29.6%-$538.1K
AUTOMATIC DATA PROCESSING INADP$1.3M5,6660.02%flat7q+3.2%+$39.0K
AUTODESK INCADSK$1.2M6,0360.02%-0.01pp6q+4.9%+$55.2K
RTX CORPORATIONRTX$1.2M6,1160.02%flat11q-6.7%-$83.9K
INFOSYS LTDINFY$1.1M107,8320.02%-0.01pp9qHELD
ROYALTY PHARMA PLCRPRX$1.1M20,0000.02%flat20q-20.0%-$280.4K
DYNATRACE INCDT$1.1M25,3780.02%-newNEW
MORGAN STANLEYMS$1.1M5,3110.02%flat14q-3.4%-$38.9K
TRADEWEB MKTS INCTW$1.1M11,1290.02%-newNEW
AON PLCAON$1.1M3,3350.02%flat25qHELD
HOME DEPOT INCHD$1.1M3,0420.02%-0.05pp31q-68.1%-$2.3M
ROLLINS INCROL$1.0M25,0450.02%-0.01pp31qHELD
AMRIZE LTDAMRZ$1.0M19,5000.02%flat5qHELD
APPLIED MATLS INCAMAT$1.0M1,4330.02%+0.01pp6q-23.5%-$316.1K
SPOTIFY TECHNOLOGY S ASPOT$1.0M2,2150.02%flat5qHELD
T-MOBILE US INCTMUS$995.1K5,9330.02%+0.01pp3q+96.8%+$489.6K
GRAB HOLDINGS LIMITEDGRAB$986.9K261,7740.02%flat4q+11.1%+$98.6K
MODERNA INCMRNA$976.7K13,9470.02%-0.16pp22q-91.7%-$10.8M
OTIS WORLDWIDE CORPOTIS$923.9K12,9040.02%flat22q-3.3%-$31.6K
ALIGN TECHNOLOGY INCALGN$907.7K5,3820.02%flat5qHELD
LAM RESEARCH CORPLRCX$894.4K2,0640.02%+0.01pp6q-22.6%-$260.4K
ASML HLDG NVASML$829.6K4170.02%+0.01pp6q+8.0%+$61.7K
HUMANA INCHUM$762.7K1,9200.01%flat6q-34.2%-$396.4K
AMERICAN EXPRESS COAXP$724.2K2,1410.01%+0.01pp13q+190.9%+$475.2K
FIRST TR EXCHANGE-TRADED FDMISL$721.4K15,7610.01%flat2q+39.7%+$204.9K
VERTEX PHARMACEUTICALS INCVRTX$691.4K1,3920.01%+0.01pp3q+166.7%+$432.2K
BRISTOL-MYERS SQUIBB COBMY$691.4K12,0000.01%flat3qHELD
BIOGEN INCBIIB$670.4K3,1030.01%flat6q+7.7%+$48.2K
AFLAC INCAFL$669.0K5,7060.01%flat6q+7.8%+$48.2K
LOWES COS INCLOW$667.6K3,0280.01%flat6q+48.0%+$216.5K
NVR INCNVR$660.9K970.01%flat6q+36.6%+$177.1K
WISE GROUP PLCWSE$638.5K53,2000.01%-newNEW
ETSY INCETSY$635.0K8,4290.01%flat6q+4.4%+$27.0K
MEDTRONIC PLCMDT$612.5K7,8300.01%-0.01pp27q-24.0%-$193.5K
FERRARI N VRACE$611.9K1,6500.01%-0.02pp14q-65.0%-$1.1M
PACKAGING CORP AMERPKG$609.3K2,5570.01%flat6q+4.3%+$25.3K
DOLLAR GEN CORPDG$608.4K5,2850.01%flat6q+39.8%+$173.2K
ELEVANCE HEALTH INC FORMERLYELV$604.8K1,5640.01%flat6q+7.6%+$42.9K
AIRBNB INCABNB$595.7K4,1630.01%flat6q+4.0%+$23.2K
DISNEY WALT CODIS$587.1K6,1000.01%flat31qHELD
ZOOM COMMUNICATIONS INCZM$584.7K6,7740.01%flat3q+5.2%+$29.1K
BROWN & BROWN INCBRO$570.3K8,8900.01%flat7qHELD
AMERIPRISE FINL INCAMP$567.9K1,2380.01%flat6q+7.7%+$40.4K
HP INCHPQ$536.9K24,4710.01%flat2q+18.9%+$85.4K
PAYPAL HLDGS INCPYPL$532.5K12,3310.01%flat5q+7.8%+$38.5K
VERISIGN INCVRSN$519.2K2,0640.01%flat6q+4.8%+$23.9K
LOCKHEED MARTIN CORPLMT$509.5K1,0000.01%flat22qHELD
ARISTA NETWORKS INCANET$488.4K2,8750.01%-0.01pp7q-60.2%-$739.3K
WYNN RESORTS LTDWYNN$485.4K5,0000.01%flat6q+7.6%+$34.3K
CRH PLCCRH$468.4K4,3780.01%flat3q+27.2%+$100.3K
CITIGROUP INCC$467.6K3,3410.01%flat3qHELD
QUALCOMM INCQCOM$464.6K2,5140.01%flat3q-21.8%-$129.2K
GFL ENVIRONMENTAL INCGFL$452.1K12,3000.01%-newNEW
ACCENTURE PLC IRELANDACN$438.3K3,5220.01%-0.01pp6q+4.7%+$19.5K
ECOLAB INCECL$433.0K1,5540.01%flat26q-16.9%-$87.8K
SYNOPSYS INCSNPS$410.4K9200.01%-newNEW
GE VERNOVA INCGEV$364.2K3100.01%-newNEW
VERTEX INCVERX$359.9K31,3500.01%flat9qHELD
INTUITINTU$354.7K1,3590.01%-0.01pp9q-9.0%-$35.2K
INTERNATIONAL FLAVORS&FRAGRAIFF$345.4K4,3600.01%-0.33pp16q-98.0%-$17.0M
ISHARES INCEWJ$320.8K3,4400.01%flat19qHELD
BECTON DICKINSON & COBDX$302.7K2,0000.01%flat31qHELD
APOLLO GLOBAL MGMT INCAPO$295.8K2,5000.01%flat12qHELD
ENTERGY CORP NEWETR$278.5K2,4250.01%flat2qHELD
QIAGEN NVQGEN$251.8K6,4970.00%flat2q-27.5%-$95.5K
BLACKSTONE INCBX$247.1K2,1000.00%flat14qHELD
WALMART INCWMT$237.8K2,1000.00%flat5q-25.0%-$79.3K
ALEXANDRIA REAL ESTATE EQ INARE$235.2K4,4510.00%-newNEW
STATE STR SPDR S&P MIDCAP 40MDY$228.6K3250.00%flat2qHELD
SPROTT ASSET MANAGEMENT LPPSLV$216.0K11,4490.00%flat6qHELD
PRUDENTIAL FINL INCPRU$215.9K2,0000.00%-newNEW
ENPHASE ENERGY INCENPH$212.7K4,3200.00%-newNEW
SPDR SERIES TRUSTKRE$209.1K2,7930.00%-newNEW
CONSTELLATION BRANDS INCSTZ$207.7K1,4930.00%flat22q-14.0%-$33.9K
ISHARES TRIYW$201.8K8000.00%-newNEW
GOLUB CAP BDC INCGBDC$198.7K15,4300.00%flat6q+2.6%+$5.0K
BLUE OWL CAPITAL CORPORATIONOBDC$157.1K14,4520.00%flat6q+3.4%+$5.1K
VODAFONE GROUP PLCVOD$105.8K8,0000.00%flat19q-51.3%-$111.4K
MIDCAP FINANCIAL INVSTMNT COMFIC$104.0K10,3200.00%flat2q+2.7%+$2.8K
BP PLCBP$90.5K2,4500.00%flat8qHELD

By sector

Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.

Software & IT Services 20.9%Semiconductors & Electronics 18.1%Retail & Consumer 15.2%Business Services 6.1%Biotech & Pharma 5.7%Energy 5.0%Computer Hardware 3.9%Medical Devices 3.7%Insurance 3.6%Banks & Lending 3.2%Chemicals 2.1%Industrials 1.9%Other sectors 9.0%Not classified 1.6%
 
SectorValueShare
Software & IT Services$1.1B20.9%
Semiconductors & Electronics$925.1M18.1%
Retail & Consumer$776.4M15.2%
Business Services$312.5M6.1%
Biotech & Pharma$293.7M5.7%
Energy$256.2M5.0%
Computer Hardware$200.9M3.9%
Medical Devices$188.7M3.7%
Insurance$185.8M3.6%
Banks & Lending$162.0M3.2%
Chemicals$106.0M2.1%
Industrials$98.5M1.9%
Other sectors$461.2M9.0%
Not classified$81.2M1.6%

Quarter by quarter

QuarterValuePositions NewAddedTrimmed ExitedTop 10 Days to file
Q2 2026$5.1B2041472731248.9%24
Q1 2026$4.7B2021870751046.4%14
Q4 2025$5.0B1941477681549.5%16
Q3 2025$5.0B1951064691250.5%21
Q2 2025$4.7B197178762649.8%16
Q1 2025$4.2B1863853661846.9%17
Q4 2024$4.6B166206947748.3%64
Q3 2024$4.2B15386550948.5%22
Q2 2024$4.1B1541253512649.2%25
Q1 2024$3.8B16813735311645.2%37
Q4 2023$3.4B2711697681341.5%40
Q3 2023$2.9B2681273911141.1%33
Q2 2023$2.9B26711461491939.5%39
Q1 2023$2.4B1722657521642.2%31
Q4 2022$2.0B162943691344.8%39
Q3 2022$2.0B166163857846.0%41
Q2 2022$2.2B158743642248.0%36
Q1 2022$2.6B173963421646.9%34
Q4 2021$2.9B180187244644.7%33
Q3 2021$2.7B1681044721142.7%43
Q2 2021$2.9B1691086361445.4%42
Q1 2021$2.5B1733383283643.4%40
Q4 2020$2.0B176437029741.2%42
Q3 2020$1.8B1402362251143.4%41
Q2 2020$1.4B1281652343244.4%44
Q1 2020$1.1B1441559483143.8%30
Q4 2019$678.9M1601858542041.8%31
Q3 2019$585.7M162748421042.1%39
Q2 2019$580.1M1652537481042.2%38
Q1 2019$585.1M1503037391543.5%31
Q4 2018$490.1M135000042.4%31

Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.

Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.

Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.