Q2 2026 13F · SEC CIK 1438848

GAM Holding AG

Investment managerFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $1.3B
Reported positions: 273
Top holdings a year, 3 yrs: +22.6%
Average holding period: 5.2 yrs

GAM Holding AG is an investment manager that reported 273 positions worth $1.3B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Nvidia Corporation (NVDA, 5.4%), Alphabet Inc (GOOGL, 5.1%), Microsoft Corp (MSFT, 4.0%). A portfolio copying its top holdings returned 22.6% a year over the last 3 years, against 22.3% for the S&P 500.

GAM Holding AG holdings largest 50 of 273 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

GAM Holding AG 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation	5.4%	5.6%	351,622	-4.5%	$70.4M
GOOGLAlphabet Inc	5.1%	4.4%	187,665	+7.5%	$67.1M
MSFTMicrosoft Corp	4.0%	4.4%	139,116	+1.8%	$51.9M
AAPLApple Inc	3.9%	4.2%	176,077	-6.3%	$50.9M
AMZNAmazon Com Inc	3.2%	3.3%	175,049	-4.1%	$41.7M
UBSUbs Group AG	2.9%	2.4%	762,272	+8.5%	$37.9M
AVGOBroadcom Inc	2.8%	2.1%	97,566	+26.9%	$36.9M
METAMeta Platforms Inc	2.5%	2.5%	57,863	+18.1%	$32.6M
LLYEli Lilly & Co	2.1%	1.8%	22,843	+1.0%	$27.4M
AMATApplied Matls Inc	2.1%	1.2%	37,829	-3.6%	$27.4M
URTHIshares Inc	2.1%	2.3%	134,058	-7.2%	$27.2M
TSMTaiwan Semiconductor Manufac	1.9%	1.2%	50,641	+25.4%	$24.2M
AZNAstrazeneca PLC	1.7%	—	121,143	—	$22.7M
VVisa Inc	1.4%	1.8%	54,977	-19.6%	$18.9M
MUMicron Technology Inc	1.1%	—	12,838	—	$14.8M
JNJJohnson & Johnson	1.1%	1.2%	57,382	-1.2%	$14.6M
HLTHilton Worldwide Hldgs Inc	1.1%	1.2%	42,899	-5.8%	$14.2M
CSCOCisco Sys Inc	1.1%	0.8%	120,677	-3.0%	$14.2M
RACEFerrari N V	1.0%	1.3%	36,585	-16.4%	$13.6M
TPRTapestry Inc	1.0%	1.1%	91,300	+4.3%	$13.4M
JPMJpmorgan Chase & Co	1.0%	1.1%	38,045	-6.4%	$12.5M
VIKViking Hldgs Ltd	1.0%	0.8%	118,711	-3.0%	$12.4M
CRHCrh PLC	0.9%	0.9%	114,960	+10.8%	$12.3M
MAMastercard Incorporated	0.9%	0.8%	23,905	+27.2%	$12.3M
MARMarriott Intl Inc New	0.9%	0.7%	32,920	+26.4%	$12.2M
LOGILogitech Intl S A	0.9%	1.0%	129,449	-0.7%	$12.2M
AMRZAmrize Ltd Shs	0.9%	1.1%	228,199	-0.5%	$12.1M
MRKMerck & Co Inc	0.9%	1.0%	93,799	-1.1%	$12.1M
ZGNErmenegildo Zegna N V	0.9%	1.0%	857,873	-18.0%	$11.2M
SWSmurfit Westrock PLC F	0.7%	0.6%	206,576	+13.4%	$9.6M
CATCaterpillar Inc	0.7%	0.6%	8,858	-5.0%	$9.4M
WMTWalmart Inc	0.7%	0.9%	82,035	-2.0%	$9.3M
KLACKla Corp	0.7%	—	29,953	—	$9.0M
GOOGAlphabet Inc	0.7%	0.7%	25,539	-5.8%	$9.0M
IEMGIshares Inc	0.7%	0.7%	104,249	-12.0%	$8.6M
ETNEaton Corp PLC	0.6%	—	19,718	—	$8.4M
RLRalph Lauren Corp	0.6%	0.9%	20,660	-30.5%	$8.3M
VOOVanguard Index Fds	0.6%	0.6%	12,000	+0.0%	$8.2M
SNSharkninja Inc	0.6%	—	54,094	—	$8.2M
XOMExxon Mobil Corp	0.6%	1.2%	58,571	-27.7%	$8.0M
COSTCostco Wholesale Corporation	0.6%	0.8%	8,478	-2.8%	$7.9M
ALCAlcon Inc	0.6%	0.8%	116,703	+0.1%	$7.9M
KOCoca Cola Co	0.6%	0.7%	96,290	-2.4%	$7.8M
GEGe Aerospace	0.6%	—	20,885	—	$7.8M
WFCWells Fargo & Co	0.6%	0.6%	89,852	-2.8%	$7.4M
PGProcter & Gamble Co	0.6%	1.0%	49,489	-36.2%	$7.3M
UNHUnitedhealth Group Inc	0.5%	—	16,889	—	$7.0M
ASAmer Sports Inc	0.5%	0.6%	198,600	-8.5%	$6.7M
MELIMercadolibre Inc	0.5%	0.6%	3,870	-2.8%	$6.6M
AMDAdvanced Micro Devices Inc	0.5%	—	11,256	—	$6.5M

What GAM Holding AG bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +3.0% /yr; S&P 500 +11.7%
3 years: +22.6% /yr; S&P 500 +22.3%
5 years: +6.3% /yr; S&P 500 +10.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$1.3B	273
Q1 2026	$1.1B	276
Q4 2025	$1.6B	288
Q3 2025	$1.6B	284
Q2 2025	$1.4B	226
Q1 2025	$1.3B	176
Q4 2024	$1.3B	169
Q3 2024	$1.3B	152
Q2 2024	$1.3B	159
Q1 2024	$1.4B	168
Q4 2023	$1.3B	162
Q3 2023	$1.4B	176

Questions about GAM Holding AG's portfolio

What stocks does GAM Holding AG own?

GAM Holding AG's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 273 positions worth $1.3B. The largest are Nvidia Corporation (NVDA) at 5.4%, Alphabet Inc (GOOGL) at 5.1%, Microsoft Corp (MSFT) at 4.0%, Apple Inc (AAPL) at 3.9% and Amazon Com Inc (AMZN) at 3.2%.

What did GAM Holding AG buy last quarter?

In Q2 2026, GAM Holding AG added Mastercard Incorporated (MA) (+27.2% shares), Broadcom Inc (AVGO) (+26.9% shares) and Marriott Intl Inc New (MAR) (+26.4% shares), compared with its Q1 2026 filing.

What did GAM Holding AG sell last quarter?

In Q2 2026, GAM Holding AG cut from its top 50 Totalenergies SE (TTE), cut from its top 50 Conocophillips (COP), cut from its top 50 Netflix Inc. (NFLX), cut from its top 50 Royal Caribbean Group (RCL), cut from its top 50 International Business Machs (IBM), Procter & Gamble Co (PG) (-36.2% shares), Ralph Lauren Corp (RL) (-30.5% shares) and Exxon Mobil Corp (XOM) (-27.7% shares), compared with its Q1 2026 filing.

How has GAM Holding AG's portfolio performed?

A portfolio copying GAM Holding AG's 20 largest 13F holdings each quarter, from the day each filing was public, returned +22.6% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +3.0% against +11.7%. Over 5 years: +6.3% a year against +10.6%.

When is GAM Holding AG's next 13F filing due?

13F filings are due 45 days after each quarter ends. GAM Holding AG's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.