# PICTET BANK & TRUST Ltd

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1535631. Source: https://holderbook.com/funds/1535631-pictet-bank-trust-ltd/

- Reported value: $93.3M
- Positions: 38
- Weight of the ten largest: 58.5%
- Filed: 2026-07-24

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 |
|---|---|---|---|---|---|
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $11.2M | 47,130 | 12.0% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $8.3M | 22,238 | 8.9% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $6.5M | 18,450 | 7.0% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $5.4M | 18,000 | 5.8% | 22 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $5.1M | 10,025 | 5.5% | 23 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.9M | 13,589 | 5.2% | 31 |
| MEDLINE INC | [MDLN](https://holderbook.com/stocks/MDLN/) | $3.7M | 94,900 | 4.0% | 2 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $3.5M | 15,900 | 3.8% | 10 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $3.1M | 11,400 | 3.3% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.8M | 14,084 | 3.0% | 9 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $2.7M | 4,825 | 2.9% | 4 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.6M | 7,514 | 2.8% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.3M | 9,150 | 2.5% | 4 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $2.3M | 27,848 | 2.5% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.2M | 5,953 | 2.4% | 3 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $2.2M | 3,749 | 2.3% | 1 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $2.2M | 12,021 | 2.3% | 5 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.1M | 7,404 | 2.3% | 31 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $2.1M | 4,996 | 2.3% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.0M | 3,601 | 2.2% | 31 |
| OWENS CORNING NEW | [OC](https://holderbook.com/stocks/OC/) | $1.9M | 11,963 | 2.0% | 4 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $1.9M | 3,928 | 2.0% | 20 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $1.6M | 22,500 | 1.7% | 23 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $1.6M | 17,314 | 1.7% | 8 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $1.5M | 2,926 | 1.6% | 2 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $1.3M | 4,125 | 1.4% | 6 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $1.0M | 6,435 | 1.1% | 20 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.0M | 2,423 | 1.1% | 31 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $781.5K | 10,048 | 0.8% | 2 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $681.0K | 15,957 | 0.7% | 2 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $647.7K | 540 | 0.7% | 1 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $451.2K | 1,323 | 0.5% | 1 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $316.3K | 862 | 0.3% | 1 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $309.8K | 2,592 | 0.3% | 24 |
| UBS GROUP AG | [UBS](https://holderbook.com/stocks/UBS/) | $286.0K | 5,758 | 0.3% | 4 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $275.8K | 1,881 | 0.3% | 1 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $216.6K | 290 | 0.2% | 1 |
| WISE GROUP PLC | [WSE](https://holderbook.com/stocks/WSE/) | $127.8K | 10,650 | 0.1% | 1 |

## 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 2026 | +9.4% | +14.8% | -5.5% | 100% |
| Q1 2026 | -7.5% | -4.6% | -2.9% | 100% |
| Q4 2025 | +3.6% | +2.4% | +1.2% | 100% |
| Q3 2025 | +6.2% | +7.8% | -1.6% | 100% |
| Q2 2025 | +7.3% | +10.5% | -3.2% | 100% |
| Q1 2025 | -5.5% | -4.6% | -0.9% | 100% |
| Q4 2024 | +1.9% | +2.1% | -0.2% | 100% |
| Q3 2024 | +2.9% | +5.4% | -2.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $93.3M | 38 |
| Q1 2026 | $76.1M | 33 |
| Q4 2025 | $83.4M | 31 |
| Q3 2025 | $83.2M | 33 |
| Q2 2025 | $85.3M | 35 |
| Q1 2025 | $81.8M | 36 |
| Q4 2024 | $100.1M | 42 |
| Q3 2024 | $98.8M | 41 |
| Q2 2024 | $98.3M | 40 |
| Q1 2024 | $96.4M | 40 |
| Q4 2023 | $98.7M | 43 |
| Q3 2023 | $93.2M | 43 |