# PICTET ASSET MANAGEMENT LTD

> Institutional holdings reported to the SEC as of Q2 2021 on Form 13F. CIK 1291274. Source: https://holderbook.com/funds/1291274-pictet-asset-management-ltd/

- Reported value: $91.8B
- Positions: 1,747
- Weight of the ten largest: 12.4%
- Filed: 2021-08-16

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $1.5B | 3,037,588 | 1.7% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.4B | 5,131,316 | 1.5% | 11 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.4B | 9,871,466 | 1.5% | 11 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $1.1B | 5,487,473 | 1.2% | 11 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $1.1B | 3,606,562 | 1.1% | 11 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.0B | 281,863 | 1.1% | 11 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $1.0B | 3,728,993 | 1.1% | 11 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $998.9M | 3,621,800 | 1.1% | 11 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $983.4M | 1,225,255 | 1.1% | 11 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $963.7M | 6,252,372 | 1.0% | 11 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $951.1M | 3,258,402 | 1.0% | 11 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $933.5M | 13,601,282 | 1.0% | 7 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $895.9M | 357,469 | 1.0% | 11 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $867.8M | 2,495,738 | 0.9% | 11 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $847.4M | 7,703,365 | 0.9% | 11 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $826.7M | 11,281,796 | 0.9% | 11 |
| APTIV PLC | [APTVXXXX](https://holderbook.com/stocks/APTVXXXX/) | $820.0M | 5,212,024 | 0.9% | 7 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $806.8M | 3,302,722 | 0.9% | 11 |
| PTC INC | [PTC](https://holderbook.com/stocks/PTC/) | $789.6M | 5,590,003 | 0.9% | 11 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $750.1M | 5,267,285 | 0.8% | 11 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $746.4M | 2,302,282 | 0.8% | 11 |
| LAM RESEARCH CORP | [LRCXXXXX](https://holderbook.com/stocks/LRCXXXXX/) | $712.2M | 1,094,547 | 0.8% | 11 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $699.9M | 3,398,135 | 0.8% | 11 |
| AGILENT TECHNOLOGIES INC | [A](https://holderbook.com/stocks/A/) | $689.9M | 4,667,596 | 0.8% | 11 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $676.2M | 276,947 | 0.7% | 11 |
| SPLUNK INC | [SPLK](https://holderbook.com/stocks/SPLK/) | $646.2M | 4,469,656 | 0.7% | 11 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $604.9M | 5,057,802 | 0.7% | 11 |
| ZEBRA TECHNOLOGIES CORPORATI | [ZBRA](https://holderbook.com/stocks/ZBRA/) | $599.9M | 1,132,938 | 0.7% | 11 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $570.8M | 2,441,123 | 0.6% | 11 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $552.7M | 4,039,499 | 0.6% | 11 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $551.5M | 689,237 | 0.6% | 11 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $523.6M | 4,364,824 | 0.6% | 11 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $498.4M | 3,557,027 | 0.5% | 11 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $480.3M | 8,422,689 | 0.5% | 11 |
| REVVITY INC | [RVTY](https://holderbook.com/stocks/RVTY/) | $471.6M | 3,054,139 | 0.5% | 11 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $467.0M | 8,319,205 | 0.5% | 11 |
| ON SEMICONDUCTOR CORP | [ON](https://holderbook.com/stocks/ON/) | $464.6M | 12,136,558 | 0.5% | 11 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $463.6M | 1,249,330 | 0.5% | 11 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $459.9M | 3,471,406 | 0.5% | 11 |
| DROPBOX INC | [DBX](https://holderbook.com/stocks/DBX/) | $457.8M | 15,102,415 | 0.5% | 11 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $455.2M | 1,136,656 | 0.5% | 11 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $442.2M | 3,121,644 | 0.5% | 11 |
| FORTUNE BRANDS INNOVATIONS I | [FBIN](https://holderbook.com/stocks/FBIN/) | $435.7M | 4,374,063 | 0.5% | 11 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $430.8M | 1,767,459 | 0.5% | 11 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $423.7M | 2,311,501 | 0.5% | 11 |
| UBS GROUP AG | [UBS](https://holderbook.com/stocks/UBS/) | $421.2M | 27,497,478 | 0.5% | 7 |
| ZENDESK INC | [ZEN](https://holderbook.com/stocks/ZEN/) | $419.1M | 2,903,791 | 0.5% | 11 |
| FERGUSON PLC NEW | [FERGXXXX](https://holderbook.com/stocks/FERGXXXX/) | $417.7M | 3,008,763 | 0.5% | 2 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $409.1M | 5,560,244 | 0.4% | 11 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $399.1M | 848,716 | 0.4% | 11 |
| WEST FRASER TIMBER CO LTD | [WFG](https://holderbook.com/stocks/WFG/) | $397.8M | 5,535,547 | 0.4% | 2 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $397.6M | 2,642,623 | 0.4% | 11 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $396.9M | 4,461,830 | 0.4% | 11 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $395.7M | 4,656,092 | 0.4% | 11 |
| ALLEGION PLC | [ALLE](https://holderbook.com/stocks/ALLE/) | $393.3M | 2,823,497 | 0.4% | 11 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $389.7M | 2,726,495 | 0.4% | 11 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $376.5M | 541,425 | 0.4% | 11 |
| IPG PHOTONICS CORP | [IPGP](https://holderbook.com/stocks/IPGP/) | $374.7M | 1,777,721 | 0.4% | 11 |
| SMITH A O CORP | [AOS](https://holderbook.com/stocks/AOS/) | $373.6M | 5,184,812 | 0.4% | 11 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $372.8M | 1,564,968 | 0.4% | 11 |
| GENERAC HLDGS INC | [GNRC](https://holderbook.com/stocks/GNRC/) | $360.5M | 868,382 | 0.4% | 6 |
| WESTROCK CO | [WRK](https://holderbook.com/stocks/WRK/) | $358.0M | 6,727,655 | 0.4% | 11 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $357.8M | 389,071 | 0.4% | 11 |
| ANSYS INC | [ANSS](https://holderbook.com/stocks/ANSS/) | $354.6M | 1,021,766 | 0.4% | 11 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $352.4M | 667,244 | 0.4% | 11 |
| TRIMBLE INC | [TRMB](https://holderbook.com/stocks/TRMB/) | $351.4M | 4,294,053 | 0.4% | 11 |
| IDEX CORP | [IEX](https://holderbook.com/stocks/IEX/) | $348.3M | 1,582,782 | 0.4% | 11 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $348.0M | 2,324,171 | 0.4% | 11 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $347.3M | 2,592,724 | 0.4% | 11 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $346.9M | 1,778,088 | 0.4% | 11 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $346.3M | 1,085,971 | 0.4% | 11 |
| TETRA TECH INC NEW | [TTEK](https://holderbook.com/stocks/TTEK/) | $338.8M | 2,775,880 | 0.4% | 11 |
| CMS ENERGY CORP | [CMS](https://holderbook.com/stocks/CMS/) | $337.0M | 5,703,413 | 0.4% | 11 |
| STANLEY BLACK & DECKER INC | [SWK](https://holderbook.com/stocks/SWK/) | $336.0M | 1,639,321 | 0.4% | 11 |
| LOGITECH INTL S A | [LOGI](https://holderbook.com/stocks/LOGI/) | $335.0M | 2,762,483 | 0.4% | 7 |
| AMEREN CORP | [AEE](https://holderbook.com/stocks/AEE/) | $334.6M | 4,180,663 | 0.4% | 11 |
| TRANSUNION | [TRU](https://holderbook.com/stocks/TRU/) | $331.5M | 3,018,689 | 0.4% | 11 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $330.7M | 4,802,990 | 0.4% | 11 |
| GLOBAL PMTS INC | [GPN](https://holderbook.com/stocks/GPN/) | $330.4M | 1,761,795 | 0.4% | 11 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $322.0M | 881,957 | 0.4% | 11 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $319.7M | 4,852,502 | 0.3% | 11 |
| II-VI INC | [IIVI](https://holderbook.com/stocks/IIVI/) | $311.3M | 4,288,426 | 0.3% | 11 |
| AVANTOR INC | [AVTR](https://holderbook.com/stocks/AVTR/) | $309.6M | 8,717,316 | 0.3% | 5 |
| XILINX INC | [XLNX](https://holderbook.com/stocks/XLNX/) | $308.2M | 2,131,152 | 0.3% | 11 |
| ALLIANT ENERGY CORP | [LNT](https://holderbook.com/stocks/LNT/) | $306.9M | 5,503,964 | 0.3% | 11 |
| BIOGEN INC | [BIIB](https://holderbook.com/stocks/BIIB/) | $301.9M | 871,921 | 0.3% | 11 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $300.7M | 5,366,409 | 0.3% | 11 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $297.8M | 4,921,824 | 0.3% | 4 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $297.3M | 2,981,638 | 0.3% | 11 |
| XPENG INC | [XPEV](https://holderbook.com/stocks/XPEV/) | $295.1M | 6,644,211 | 0.3% | 4 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $293.8M | 2,975,586 | 0.3% | 11 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $286.9M | 5,413,344 | 0.3% | 11 |
| SOLAREDGE TECHNOLOGIES INC | [SEDG](https://holderbook.com/stocks/SEDG/) | $286.3M | 1,035,922 | 0.3% | 5 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $285.5M | 1,658,604 | 0.3% | 11 |
| PENTAIR PLC | [PNR](https://holderbook.com/stocks/PNR/) | $280.3M | 4,153,078 | 0.3% | 7 |
| TOPBUILD COR | [BLD](https://holderbook.com/stocks/BLD/) | $280.0M | 1,083,712 | 0.3% | 4 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $277.1M | 1,913,480 | 0.3% | 11 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $275.2M | 2,574,883 | 0.3% | 11 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $270.7M | 462,252 | 0.3% | 11 |
| LULULEMON ATHLETICA INC | [LULU](https://holderbook.com/stocks/LULU/) | $270.4M | 740,918 | 0.3% | 11 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2021 | +6.4% | +8.0% | -1.6% | 102% |
| Q1 2021 | +4.2% | +6.0% | -1.8% | 101% |
| Q4 2020 | +13.8% | +11.6% | +2.1% | 101% |
| Q3 2020 | +8.3% | +8.6% | -0.3% | 101% |
| Q2 2020 | +21.2% | +19.6% | +1.5% | 101% |
| Q1 2020 | -18.5% | -19.9% | +1.5% | 99% |
| Q4 2019 | +8.3% | +8.5% | -0.1% | 98% |
| Q3 2019 | +0.8% | +1.3% | -0.5% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2021 | $91.8B | 1,747 |
| Q1 2021 | $83.2B | 1,784 |
| Q4 2020 | $76.6B | 1,737 |
| Q3 2020 | $63.9B | 1,559 |
| Q2 2020 | $58.1B | 1,146 |
| Q1 2020 | $46.7B | 1,121 |
| Q4 2019 | $56.6B | 1,092 |
| Q3 2019 | $95.0B | 996 |
| Q2 2019 | $46.4B | 1,004 |
| Q1 2019 | $45.4B | 975 |
| Q4 2018 | $39.9B | 968 |