# PICTET ASSET MANAGEMENT SA

> Institutional holdings reported to the SEC as of Q2 2023 on Form 13F. CIK 1361570. Source: https://holderbook.com/funds/1361570-pictet-asset-management-sa/

- Reported value: $84.3B
- Positions: 1,957
- Weight of the ten largest: 14.8%
- Filed: 2023-08-10

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 |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.0B | 5,837,340 | 2.4% | 8 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.8B | 9,208,961 | 2.1% | 8 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $1.3B | 2,577,185 | 1.6% | 8 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $1.3B | 8,214,368 | 1.5% | 8 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $1.2B | 2,792,027 | 1.4% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.0B | 7,741,200 | 1.2% | 8 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.0B | 2,371,522 | 1.2% | 8 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $1.0B | 4,900,481 | 1.2% | 8 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $958.7M | 6,632,741 | 1.1% | 8 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $931.7M | 12,556,507 | 1.1% | 8 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $917.8M | 6,414,844 | 1.1% | 8 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $915.8M | 5,280,744 | 1.1% | 8 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $875.3M | 6,131,818 | 1.0% | 8 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $864.0M | 3,638,118 | 1.0% | 8 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $820.8M | 6,785,019 | 1.0% | 8 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $810.9M | 3,838,276 | 1.0% | 8 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $803.6M | 1,656,900 | 1.0% | 8 |
| AGILENT TECHNOLOGIES INC | [A](https://holderbook.com/stocks/A/) | $798.9M | 6,644,015 | 0.9% | 8 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $793.7M | 4,251,402 | 0.9% | 8 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $792.5M | 1,010,965 | 0.9% | 8 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $788.1M | 6,997,852 | 0.9% | 8 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $704.0M | 2,689,256 | 0.8% | 8 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $701.2M | 5,857,809 | 0.8% | 8 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $696.0M | 2,900,158 | 0.8% | 8 |
| ON SEMICONDUCTOR CORP | [ON](https://holderbook.com/stocks/ON/) | $686.1M | 7,254,335 | 0.8% | 8 |
| PTC INC | [PTC](https://holderbook.com/stocks/PTC/) | $677.7M | 4,762,705 | 0.8% | 8 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $668.7M | 2,851,516 | 0.8% | 8 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $652.2M | 9,571,735 | 0.8% | 8 |
| SPLUNK INC | [SPLK](https://holderbook.com/stocks/SPLK/) | $635.5M | 5,990,586 | 0.8% | 8 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $611.0M | 2,129,086 | 0.7% | 8 |
| FERGUSON PLC NEW | [FERGXXXX](https://holderbook.com/stocks/FERGXXXX/) | $563.4M | 3,571,203 | 0.7% | 8 |
| UBS GROUP AG | [UBS](https://holderbook.com/stocks/UBS/) | $561.8M | 27,778,145 | 0.7% | 8 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $551.3M | 2,741,330 | 0.7% | 8 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $536.4M | 1,115,550 | 0.6% | 8 |
| ANSYS INC | [ANSS](https://holderbook.com/stocks/ANSS/) | $528.1M | 1,599,102 | 0.6% | 8 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $507.2M | 8,484,273 | 0.6% | 8 |
| AECOM | [ACM](https://holderbook.com/stocks/ACM/) | $500.0M | 5,904,037 | 0.6% | 8 |
| TETRA TECH INC NEW | [TTEK](https://holderbook.com/stocks/TTEK/) | $484.4M | 2,958,127 | 0.6% | 8 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $475.1M | 988,565 | 0.6% | 8 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $472.1M | 2,307,486 | 0.6% | 8 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $450.1M | 1,761,689 | 0.5% | 8 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $442.5M | 10,861,542 | 0.5% | 8 |
| APTIV PLC | [APTVXXXX](https://holderbook.com/stocks/APTVXXXX/) | $435.5M | 4,265,858 | 0.5% | 8 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $425.7M | 2,924,270 | 0.5% | 8 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $419.0M | 3,678,765 | 0.5% | 8 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $408.5M | 835,416 | 0.5% | 8 |
| WORKDAY INC | [WDAY](https://holderbook.com/stocks/WDAY/) | $406.0M | 1,797,506 | 0.5% | 8 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $392.3M | 2,050,993 | 0.5% | 8 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $388.7M | 2,116,227 | 0.5% | 8 |
| PG&E CORP | [PCG](https://holderbook.com/stocks/PCG/) | $384.8M | 22,268,520 | 0.5% | 8 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $384.7M | 4,991,061 | 0.5% | 8 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $383.5M | 1,006,315 | 0.5% | 2 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $378.6M | 1,075,836 | 0.4% | 8 |
| WEYERHAEUSER CO | [WY](https://holderbook.com/stocks/WY/) | $374.5M | 11,176,405 | 0.4% | 8 |
| TOPBUILD COR | [BLD](https://holderbook.com/stocks/BLD/) | $372.6M | 1,400,579 | 0.4% | 8 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $360.3M | 1,849,627 | 0.4% | 8 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $360.3M | 786,281 | 0.4% | 8 |
| IDEX CORP | [IEX](https://holderbook.com/stocks/IEX/) | $357.9M | 1,662,869 | 0.4% | 8 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $357.7M | 5,092,414 | 0.4% | 8 |
| BIOGEN INC | [BIIB](https://holderbook.com/stocks/BIIB/) | $355.8M | 1,249,054 | 0.4% | 8 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $351.7M | 4,652,332 | 0.4% | 8 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $350.8M | 796,497 | 0.4% | 8 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $350.5M | 1,578,594 | 0.4% | 8 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $349.5M | 3,901,016 | 0.4% | 8 |
| STERIS PLC | [STE](https://holderbook.com/stocks/STE/) | $348.1M | 1,547,153 | 0.4% | 8 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $342.9M | 2,334,992 | 0.4% | 8 |
| FIVE9 INC | [FIVN](https://holderbook.com/stocks/FIVN/) | $336.1M | 4,076,656 | 0.4% | 8 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $333.2M | 3,018,993 | 0.4% | 8 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $330.5M | 122,398 | 0.4% | 8 |
| FORTUNE BRANDS INNOVATIONS I | [FBIN](https://holderbook.com/stocks/FBIN/) | $329.3M | 4,577,149 | 0.4% | 8 |
| DTE ENERGY CO | [DTE](https://holderbook.com/stocks/DTE/) | $329.2M | 2,991,792 | 0.4% | 8 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $326.5M | 2,588,319 | 0.4% | 8 |
| ALLEGION PLC | [ALLE](https://holderbook.com/stocks/ALLE/) | $322.5M | 2,686,990 | 0.4% | 8 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $320.8M | 3,635,804 | 0.4% | 8 |
| WEST FRASER TIMBER CO LTD | [WFG](https://holderbook.com/stocks/WFG/) | $317.1M | 3,686,991 | 0.4% | 8 |
| AMEREN CORP | [AEE](https://holderbook.com/stocks/AEE/) | $314.6M | 3,851,671 | 0.4% | 8 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $313.1M | 2,630,461 | 0.4% | 8 |
| LULULEMON ATHLETICA INC | [LULU](https://holderbook.com/stocks/LULU/) | $305.5M | 807,209 | 0.4% | 8 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $303.1M | 421,772 | 0.4% | 8 |
| LAM RESEARCH CORP | [LRCXXXXX](https://holderbook.com/stocks/LRCXXXXX/) | $299.3M | 465,580 | 0.4% | 8 |
| CENTERPOINT ENERGY INC | [CNP](https://holderbook.com/stocks/CNP/) | $291.8M | 10,009,426 | 0.3% | 8 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $287.9M | 926,718 | 0.3% | 8 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $286.5M | 610,930 | 0.3% | 8 |
| CMS ENERGY CORP | [CMS](https://holderbook.com/stocks/CMS/) | $280.6M | 4,776,761 | 0.3% | 8 |
| ALCON AG | [ALC](https://holderbook.com/stocks/ALC/) | $280.1M | 3,381,945 | 0.3% | 8 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $277.8M | 558,960 | 0.3% | 8 |
| FERRARI N V | [RACE](https://holderbook.com/stocks/RACE/) | $271.9M | 832,168 | 0.3% | 8 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $269.5M | 1,565,145 | 0.3% | 8 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $268.2M | 784,326 | 0.3% | 8 |
| ALTAIR ENGR INC | [ALTR](https://holderbook.com/stocks/ALTR/) | $266.6M | 3,515,706 | 0.3% | 8 |
| ZEBRA TECHNOLOGIES CORPORATI | [ZBRA](https://holderbook.com/stocks/ZBRA/) | $266.1M | 899,541 | 0.3% | 8 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $265.7M | 675,531 | 0.3% | 8 |
| ALBEMARLE CORP | [ALB](https://holderbook.com/stocks/ALB/) | $265.2M | 1,188,728 | 0.3% | 8 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $263.6M | 5,095,039 | 0.3% | 8 |
| REVVITY INC | [RVTY](https://holderbook.com/stocks/RVTY/) | $253.4M | 2,133,312 | 0.3% | 8 |
| TORO CO | [TTC](https://holderbook.com/stocks/TTC/) | $246.4M | 2,423,969 | 0.3% | 8 |
| PUBLIC SVC ENTERPRISE GROUP | [PEG](https://holderbook.com/stocks/PEG/) | $246.2M | 3,932,833 | 0.3% | 8 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $240.2M | 2,467,046 | 0.3% | 8 |
| PENTAIR PLC | [PNR](https://holderbook.com/stocks/PNR/) | $239.2M | 3,703,035 | 0.3% | 8 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $238.8M | 275,256 | 0.3% | 8 |

## 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 2023 | +5.9% | +8.3% | -2.4% | 100% |
| Q1 2023 | +6.8% | +7.0% | -0.3% | 102% |
| Q4 2022 | +7.1% | +7.1% | +0.1% | 100% |
| Q3 2022 | -4.7% | -5.3% | +0.6% | 100% |
| Q2 2022 | -16.1% | -16.5% | +0.3% | 99% |
| Q1 2022 | -10.0% | -4.9% | -5.1% | 98% |
| Q4 2021 | +8.2% | +10.7% | -2.5% | 101% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2023 | $84.3B | 1,957 |
| Q1 2023 | $80.0B | 1,969 |
| Q4 2022 | $69.2B | 1,978 |
| Q3 2022 | $67.4B | 1,560 |
| Q2 2022 | $71.9B | 1,567 |
| Q1 2022 | $88.3B | 1,677 |
| Q4 2021 | $100.4B | 1,711 |
| Q3 2021 | $90.7B | 1,744 |