PICTET ASSET MANAGEMENT LTD

CIK

1291274

Location

LONDON, X0

Portfolio Value

Large $21,035,352,124

Diversification

Diversified

Filing Date

Global Rank

#66 / 5,924 ▼ 3

Top Industry

Utilities - Regulated Electric 6.9%

3Y Alpha vs SPY

-8.9%

Period ended 4 years ago

Filed Aug 16, 2021 · 4y

6 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+42.1%

SPY

+78.1%

Annualised alpha

-8.8%

Max drawdown

−18.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

1,349 positions · as of Jun 30, 2021 · Δ vs Mar 31, 2021

Top Position

2.0%

+0.2 pts

Top 5

8.5%

+0.1 pts

Top 10

14.9%

+0.2 pts

HHI

Diversified−0

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2021

Sector	% Portfolio	Value	Positions
Technology	27.8%	$21,035,352,124	203
Healthcare	15.9%	$12,002,547,974	195
Industrials	13.9%	$10,485,255,983	169
Utilities	9.6%	$7,260,045,475	54
Consumer Cyclical	8.7%	$6,595,049,343	175
Financial Services	7.7%	$5,807,019,867	178
Communication Services	5.2%	$3,934,018,674	56
Real Estate	4.4%	$3,291,401,387	110
Basic Materials	2.8%	$2,149,014,391	77
Consumer Defensive	2.8%	$2,089,398,613	65
Energy	0.8%	$638,255,618	59
Unclassified	0.4%	$285,690,991	8

Last Quarter's Activity

Export CSV

Jun 30, 2021 vs Mar 31, 2021

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
VIPS	Vipshop Holdings Ltd	+6,702,243	8,694,382	$174,583,189
JCI	Johnson Controls International plc	+2,907,851	13,601,282	$933,455,982
GEN	Gen Digital Inc.	+2,612,155	6,935,566	$188,786,106
SHLS	Shoals Technologies Group, Inc.	+2,211,870	3,471,934	$123,253,657
IP	International Paper Co /New/	+2,164,922	3,602,939	$209,181,953
INSM	INSMED Inc	+2,032,553	2,554,235	$72,693,527
FE	Firstenergy Corp	+1,795,160	4,315,114	$160,565,391
TCOM	Trip.com Group Ltd	+1,715,731	4,917,956	$174,390,719
ARRY	Array Technologies, Inc.	+1,538,327	4,983,356	$77,740,353
GFL	GFL Environmental Inc.	+1,220,901	4,721,820	$150,720,493
DBX	Dropbox, Inc.	+1,204,971	15,102,415	$457,754,198
VZ	Verizon Communications Inc	+1,168,249	5,366,409	$300,679,895
GOOS	Canada Goose Holdings Inc.	+1,137,873	1,143,173	$50,002,387
RUN	Sunrun Inc.	+1,137,138	3,601,797	$200,908,235
DLR	Digital Realty Trust, Inc.	+949,888	2,642,623	$397,609,056
RSG	Republic Services, Inc.	+917,516	7,703,365	$847,447,183
GPK	Graphic Packaging Holding Co	+876,909	2,305,578	$41,823,184
TME	Tencent Music Entertainment Group	+848,875	3,784,651	$58,586,396
RYN	Rayonier Inc	+824,672	4,889,296	$175,672,405
ALLE	Allegion plc	+805,943	2,823,497	$393,313,131
DAR	Darling Ingredients Inc.	+760,244	1,443,792	$97,455,960
EXPE	Expedia Group, Inc.	+745,700	1,031,699	$168,899,442
NKE	NIKE, Inc.	+739,094	2,742,701	$423,719,877
MU	Micron Technology Inc	+707,336	4,656,092	$395,674,697
WY	Weyerhaeuser Co	+701,804	5,076,344	$174,727,760
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
UBS	UBS Group AG	−4,977,788	27,497,478	$421,811,311
AQN	Algonquin Power & Utilities Corp.	−2,710,918	279,115	$4,153,231
BABA	Alibaba Group Holding Ltd	−2,474,414	617,005	$139,924,392
INTC	Intel Corp	−1,642,767	8,319,205	$467,040,167
AUPH	Aurinia Pharmaceuticals Inc.	−1,636,862	2,170,394	$28,128,305
BSY	Bentley Systems Inc	−1,378,542	707,677	$45,843,315
AES	Aes Corp	−1,171,050	6,001,301	$156,453,916
XPEV	Xpeng Inc.	−967,138	6,644,211	$295,135,851
AMAT	Applied Materials Inc /De	−959,959	5,267,285	$750,061,383
T	At&T Inc.	−915,548	6,909,883	$150,201,508
EBAY	Ebay Inc	−865,847	2,737,815	$192,221,990
ON	On Semiconductor Corp	−819,656	12,136,558	$464,587,439
AME	Ametek Inc/	−789,350	268,128	$35,795,088
CMCSA	Comcast Corp	−732,279	8,422,689	$450,104,288
FBIN	Fortune Brands Innovations, Inc.	−668,528	4,374,063	$372,393,288
EXEL	Exelixis, Inc.	−595,151	5,468,891	$99,643,193
ATO	Atmos Energy Corp	−561,052	1,324,662	$127,313,264
KALV	KalVista Pharmaceuticals, Inc.	−543,197	22,532	$539,865
EA	Electronic Arts Inc.	−483,695	739,679	$106,388,030
NTES	NetEase, Inc.	−474,297	2,753,083	$317,292,815
CUK	CARNIVAL PLC	−460,178	1,392,561	$32,404,893
WAB	Westinghouse Air Brake Technologies Corp	−455,140	1,523,909	$125,417,710
GILD	Gilead Sciences, Inc.	−413,477	4,802,990	$330,733,891
LNT	Alliant Energy Corp	−392,924	5,503,964	$306,901,032
D	Dominion Energy, Inc	−386,829	5,560,244	$409,067,150
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
MRVL	Marvell Technology, Inc.	4,149,303	$242,028,843
RERE	ATRenew Inc.	2,972,326	$44,436,273
GPOR	Gulfport Energy Corp	604,900	$39,137,029
YMM	Full Truck Alliance Co. Ltd.	1,222,841	$24,921,498
NPCE	NeuroPace Inc	485,964	$11,561,083
MNSO	MINISO Group Holding Ltd	500,450	$10,404,354
STX	Seagate Technology Holdings plc	96,749	$8,507,139
IAC	IAC Inc.	49,199	$6,222,319
VAL	Valaris Ltd	177,305	$5,120,568
PLTR	Palantir Technologies Inc.	166,608	$4,391,786
NBP	NovaBridge Biosciences	37,200	$3,122,940
CLVT	Clarivate PLC	105,383	$2,901,193
TIGR	UP Fintech Holding Ltd	79,800	$2,312,604
IAU	Ishares Gold Trust	64,165	$2,163,002
OGN	Organon & Co.	54,684	$1,654,737
BBD	Bank Bradesco	262,948	$1,348,923
BNL	Broadstone Net Lease, Inc.	52,617	$1,231,763
DOCS	Doximity, Inc.	18,784	$1,093,228
REYN	Reynolds Consumer Products Inc.	34,015	$1,032,355
LZ	Legalzoom.Com, Inc.	24,835	$940,004
TSEM	Tower Semiconductor Ltd	29,228	$860,180
RDWR	Radware Ltd	24,224	$745,614
CX	Cemex Sab De CV	81,836	$687,422
WMG	Warner Music Group Corp.	16,364	$589,758
TV	Grupo Televisa, S.A.B.	26,126	$373,079
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
CRDF	Cardiff Oncology, Inc.	581,907	$5,388,457
ZIM	ZIM Integrated Shipping Services Ltd.	100,310	$2,441,544
ENTA	Enanta Pharmaceuticals Inc	30,806	$1,519,351
FHTX	Foghorn Therapeutics Inc.	98,085	$1,292,759
SSRM	Ssr Mining Inc.	77,229	$1,102,830
WVE	Wave Life Sciences Ltd.	150,743	$845,668
ABUS	Arbutus Biopharma Corp	209,129	$696,399
TEO	Telecom Argentina SA	123,067	$679,329
AMPH	Amphastar Pharmaceuticals, Inc.	33,839	$619,930
PGEN	Precigen, Inc.	80,037	$551,454
PAM	Pampa Energy Inc.	27,164	$403,113
KOD	Kodiak Sciences Inc.	2,600	$294,814
ABCB	Ameris Bancorp	5,600	$294,056
IOVA	Iovance Biotherapeutics, Inc.	9,100	$288,106
FORM	Formfactor Inc	6,200	$279,682
IRTC	iRhythm Holdings, Inc.	2,000	$277,720
CNO	CNO Financial Group, Inc.	11,300	$274,477
VCYT	Veracyte, Inc.	5,100	$274,125
TNET	Trinet Group, Inc.	3,500	$272,860
NEU	Newmarket Corp	710	$269,913
ASB	Associated Banc-Corp	12,500	$266,750
RAMP	LiveRamp Holdings, Inc.	5,100	$264,588
LCII	Lci Industries	2,000	$264,560
DOO	BRP Inc.	3,000	$260,760
DY	Dycom Industries Inc	2,800	$259,980
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

203 positions · $21,035,352,124 total · Technology only · as of Jun 30, 2021

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 203 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Reduced	5,131,316	-43,195	$1,390,073,504	+13.9%	6.61%
AAPL	Apple Inc. Technology	Reduced	9,871,466	-111,768	$1,351,995,982	+10.9%	6.43%
NXPI	NXP Semiconductors N.V. Technology	Reduced	5,487,473	-175,984	$1,128,882,944	−1.0%	5.37%
SNPS	Synopsys Inc Technology	Reduced	3,621,800	-136,253	$998,856,221	+7.3%	4.75%
ADSK	Autodesk, Inc. Technology	Added	3,258,402	+477,968	$951,127,543	+23.4%	4.52%
CRM	Salesforce, Inc. Technology	Added	3,302,722	+410,588	$806,755,902	+31.7%	3.84%
PTC	Ptc Inc. Technology	Added	5,590,003	+377,848	$789,643,823	+10.1%	3.75%
AMAT	Applied Materials Inc /De Technology	Reduced	5,267,285	-959,959	$750,061,383	−9.8%	3.57%
KLAC	Kla Corp Technology	Reduced	2,302,282	-192,067	$746,422,847	−9.4%	3.55%
ZBRA	Zebra Technologies Corp Technology	Reduced	1,132,938	-24,493	$599,879,341	+6.8%	2.85%
CDNS	Cadence Design Systems Inc Technology	Added	4,039,499	+93,303	$552,684,252	+2.2%	2.63%
INTC	Intel Corp Technology	Reduced	8,319,205	-1,642,767	$467,040,167	−26.7%	2.22%
ON	On Semiconductor Corp Technology	Reduced	12,136,558	-819,656	$464,587,439	−13.8%	2.21%
DBX	Dropbox, Inc. Technology	Added	15,102,415	+1,204,971	$457,754,198	+23.5%	2.18%
FIS	Fidelity National Information Services, Inc. Technology	Reduced	3,121,644	-18,564	$442,243,304	+0.2%	2.10%
ROP	Roper Technologies Inc Technology	Added	848,716	+247,618	$399,066,262	+64.6%	1.90%
MU	Micron Technology Inc Technology	Added	4,656,092	+707,336	$395,674,697	+13.6%	1.88%
QCOM	Qualcomm Inc/De Technology	Reduced	2,726,495	-171,842	$389,697,929	+1.4%	1.85%
IPGP	Ipg Photonics Corp Technology	Added	1,777,721	+591,798	$374,690,255	+49.8%	1.78%
TRMB	Trimble Inc. Technology	Added	4,294,053	+31,085	$351,382,356	+6.0%	1.67%
TER	Teradyne, Inc Technology	Added	2,592,724	+131,661	$347,321,306	+16.0%	1.65%
LOGI	Logitech International S.A. Technology	Reduced	2,762,483	-200,805	$334,039,444	+7.9%	1.59%
CSCO	Cisco Systems, Inc. Technology	Added	5,413,344	+76,275	$286,907,232	+4.0%	1.36%
SEDG	Solaredge Technologies, Inc. Technology	Added	1,035,922	+356,894	$286,297,762	+46.7%	1.36%
ADI	Analog Devices Inc Technology	Added	1,658,604	+130,440	$285,545,264	+20.5%	1.36%
ADBE	Adobe Inc. Technology	Added	462,252	+181,012	$270,713,261	+102.5%	1.29%
MRVL	Marvell Technology, Inc. Technology	NEW	4,149,303	NEW	$242,028,843	NEW	1.15%
INTU	Intuit Inc. Technology	Reduced	467,497	-202,287	$229,153,004	−10.7%	1.09%
WDAY	Workday, Inc. Technology	Added	948,642	+350,574	$226,478,790	+52.4%	1.08%
CRWD	CrowdStrike Holdings, Inc. Technology	Added	878,511	+242,683	$220,778,599	+90.3%	1.05%
RUN	Sunrun Inc. Technology	Added	3,601,797	+1,137,138	$200,908,235	+34.8%	0.96%
TWLO	Twilio Inc Technology	Added	486,272	+5,985	$191,668,970	+17.1%	0.91%
GEN	Gen Digital Inc. Technology	Added	6,935,566	+2,612,155	$188,786,106	+105.4%	0.90%
ENPH	Enphase Energy, Inc. Technology	Added	976,739	+500,957	$179,358,581	+132.5%	0.85%
ST	Sensata Technologies Holding plc Technology	Added	3,059,111	+22,390	$177,336,664	+0.8%	0.84%
ZM	Zoom Communications, Inc. Technology	Added	454,568	+159,859	$175,931,452	+85.8%	0.84%
MCHP	Microchip Technology Inc Technology	Added	2,324,171	+167,034	$174,010,682	+3.9%	0.83%
GRMN	Garmin Ltd Technology	Added	1,137,934	+175,777	$164,590,773	+29.7%	0.78%
HUBS	Hubspot Inc Technology	Reduced	268,756	-55,076	$156,609,496	+6.5%	0.74%
RPD	Rapid7, Inc. Technology	Reduced	1,647,793	-44,129	$155,930,651	+23.5%	0.74%
MKSI	Mks Inc Technology	Reduced	790,268	-143,105	$140,628,190	−18.7%	0.67%
TXN	Texas Instruments Inc Technology	Reduced	696,748	-27,102	$133,984,639	−2.1%	0.64%
VRNS	Varonis Systems Inc Technology	Reduced	2,164,385	-147,795	$124,711,863	+5.1%	0.59%
SHLS	Shoals Technologies Group, Inc. Technology	Added	3,471,934	+2,211,870	$123,253,657	+181.2%	0.59%
ORCL	Oracle Corp Technology	Reduced	1,493,076	-87,962	$116,221,035	+4.8%	0.55%
GDS	GDS Holdings Ltd Technology	Reduced	1,294,211	-243,451	$101,582,620	−18.5%	0.48%
RNG	RingCentral, Inc. Technology	Added	345,570	+318,570	$100,415,730	+1148.5%	0.48%
ACN	Accenture plc Technology	Reduced	335,730	-15,101	$98,969,846	+2.1%	0.47%
CGNX	Cognex Corp Technology	Reduced	1,172,283	-43,043	$98,530,386	−2.3%	0.47%
WIX	Wix.com Ltd. Technology	Added	331,235	+122,615	$96,150,894	+65.1%	0.46%