Institution

Zurcher Kantonalbank (Zurich Cantonalbank)

13F for the quarter to June 30, 2026, filed August 12, 2026 · SEC CIK 1368163

Reported value: $52.1bn
Positions we cover: 2,321
Copy, a year: +13.2%
Copy Sharpe ratio: 0.65

How copying its 13F would have done

CopyS&P 500 $10,000 copying Zurcher Kantonalbank (Zurich Cantonalbank)'s filed holdings in companies we cover from May 8, 2015, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −32.3% (S&P 500 −31.8%); beta 1.02; alpha −0.5% a year (t = −0.71); last 12 months +10.9% against +12.1%.

Reported value by quarter

Zurcher Kantonalbank (Zurich Cantonalbank): 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2013-03-31	$2.8B
2013-06-30	$2.9B
2013-09-30	$2.9B
2013-12-31	$3.1B
2014-03-31	$3.2B
2014-06-30	$3.4B
2014-09-30	$3B
2014-12-31	$3.3B
2015-03-31	$7.2B
2015-06-30	$7.2B
2015-09-30	$7B
2015-12-31	$7.8B
2016-03-31	$7.8B
2016-06-30	$7.6B
2016-09-30	$9.5B
2016-12-31	$9.6B
2017-03-31	$10.1B
2017-06-30	$10B
2017-09-30	$10.7B
2017-12-31	$11.2B
2018-03-31	$10.9B
2018-06-30	$11.1B
2018-09-30	$11.7B
2018-12-31	$9.9B
2019-03-31	$11.1B
2019-06-30	$11.7B
2019-09-30	$11.9B
2019-12-31	$12.9B
2020-03-31	$10.6B
2020-06-30	$11.5B
2020-09-30	$14.1B
2020-12-31	$16.3B
2021-03-31	$16.8B
2021-06-30	$17.9B
2021-09-30	$18.4B
2021-12-31	$20.6B
2022-03-31	$20.3B
2022-06-30	$17B
2022-09-30	$16.8B
2022-12-31	$18.7T
2023-03-31	$20.5B
2023-06-30	$22.6B
2023-09-30	$22.6B
2023-12-31	$26.1B
2024-03-31	$28.5B
2024-06-30	$30.7B
2024-09-30	$33.6B
2024-12-31	$35.1B
2025-03-31	$34.8B
2025-06-30	$40.8B
2025-09-30	$43.5B
2025-12-31	$46.3B
2026-03-31	$45.9B
2026-06-30	$52.1B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
NVDANVIDIA Corporation	6.16%	$3.2bn	16.04M	−4.2% Reduced
UBSUBS Group AG	5.26%	$2.7bn	55.23M	−2.5% Reduced
AAPLApple Inc.	5.14%	$2.7bn	9.27M	−0.7% Reduced
MSFTMicrosoft Corporation	3.25%	$1.7bn	4.54M	−15.4% Reduced
GOOGLAlphabet Inc. (Class A)	2.97%	$1.5bn	4.33M	+2.3% Added
AMZNAmazon	2.76%	$1.4bn	6.04M	+3.4% Added
AVGOBroadcom	2.25%	$1.2bn	3.11M	−0.7% Reduced
MUMicron Technology	2.18%	$1.1bn	986.7K	+18.3% Added
LLYLilly (Eli)	1.52%	$792.9m	661.1K	+3.6% Added
METAMeta Platforms	1.50%	$780.5m	1.39M	+1.8% Added
AMDAdvanced Micro Devices	1.47%	$764.7m	1.32M	+77.3% Added
TSLATesla, Inc.	1.39%	$724.7m	1.72M	−16.2% Reduced
AMRZAmrize Ltd	1.10%	$575.9m	10.85M	+1.6% Added
ALCAlcon Inc	1.03%	$535.8m	7.92M	−1.3% Reduced
VVisa Inc.	0.88%	$458.5m	1.34M	+6.9% Added
JPMJPMorgan Chase	0.86%	$448.7m	1.37M	−24.9% Reduced
MAMastercard	0.74%	$386.1m	751.8K	+18.1% Added
WMTWalmart	0.71%	$372.4m	3.29M	−1.9% Reduced
JNJJohnson & Johnson	0.69%	$359.4m	1.42M	−9.3% Reduced
AZNAstrazeneca PLC	0.67%	$351.6m	1.88M	−5.7% Reduced
WELLWelltower	0.59%	$305.4m	1.35M	+19.6% Added
MSMorgan Stanley	0.53%	$277.7m	1.33M	+124.5% Added
PANWPalo Alto Networks	0.53%	$276.1m	809.5K	−6.3% Reduced
CATCaterpillar Inc.	0.50%	$260.6m	244.7K	−5.1% Reduced
GEVGE Vernova	0.50%	$260.4m	221.7K	+2.5% Added
LINLinde plc	0.49%	$257.6m	496.4K	+5.6% Added
LOGILogitech International S.a.	0.46%	$241.8m	2.58M	+7.3% Added
ABBVAbbVie	0.46%	$237.8m	945.1K	+43.1% Added
AMATApplied Materials	0.45%	$234.3m	324.1K	−18.9% Reduced
BNYBNY Mellon	0.43%	$223.8m	1.55M	+6.1% Added
VRTVertiv	0.43%	$222.9m	665.9K	−8.0% Reduced
CSCOCisco	0.42%	$219.2m	1.87M	−4.5% Reduced
GEGE Aerospace	0.42%	$217.5m	582.0K	−2.3% Reduced
APHAmphenol	0.42%	$217.4m	1.23M	−9.0% Reduced
INTCIntel	0.42%	$217.0m	1.55M	−51.4% Reduced
LRCXLam Research	0.41%	$212.7m	490.9K	−2.9% Reduced
CVSCVS Health	0.39%	$205.3m	1.98M	+38.0% Added
COSTCostco	0.39%	$204.9m	219.0K	−8.0% Reduced
CMCanadian Imperial Bank Of Commerce	0.38%	$199.5m	1.73M	−6.7% Reduced
PWRQuanta Services	0.38%	$199.0m	276.4K	−7.6% Reduced
ANETArista Networks	0.38%	$197.5m	1.16M	−13.1% Reduced
KOThe Coca-Cola Company	0.37%	$194.5m	2.39M	−4.3% Reduced
GSGoldman Sachs	0.37%	$190.7m	188.6K	+9.6% Added
MRKMerck & Co.	0.36%	$190.5m	1.48M	+44.7% Added
VRTXVertex Pharmaceuticals	0.36%	$189.1m	380.8K	+1.0% Added
HDThe Home Depot	0.35%	$180.5m	511.7K	+89.8% Added
FTNTFortinet	0.34%	$178.3m	1.16M	−4.4% Reduced
ORCLOracle Corporation	0.34%	$175.8m	1.20M	+32.0% Added
CCitigroup	0.33%	$174.3m	1.25M	+4.1% Added
FIXComfort Systems USA	0.33%	$172.2m	86.9K	−23.9% Reduced
PGProcter & Gamble	0.33%	$170.4m	1.16M	−1.9% Reduced
TTTrane Technologies	0.32%	$167.6m	341.3K	+18.1% Added
WDCWestern Digital	0.30%	$157.3m	246.3K	+152.6% Added
TJXTJX Companies	0.30%	$157.2m	1.04M	+68.6% Added
ADBEAdobe Inc.	0.29%	$152.8m	745.4K	+3.3% Added
IBMIBM	0.29%	$151.6m	539.2K	+53.4% Added
VZVerizon	0.28%	$146.2m	3.45M	+15.6% Added
GLWCorning Inc.	0.28%	$146.2m	572.3K	+174.6% Added
CRSCarpenter Technology Corp	0.28%	$145.6m	236.0K	−15.6% Reduced
RYRoyal Bank Of Canada	0.27%	$141.7m	684.6K	+8.0% Added
AXPAmerican Express	0.27%	$140.7m	416.1K	+21.6% Added
GILDGilead Sciences	0.27%	$139.9m	1.11M	−31.9% Reduced
PLDPrologis	0.26%	$133.4m	984.4K	+3.6% Added
MCDMcDonald's	0.25%	$130.2m	481.7K	+6.4% Added
NFLXNetflix	0.25%	$128.4m	1.80M	+39.5% Added
TMOThermo Fisher Scientific	0.24%	$126.7m	252.7K	−28.5% Reduced
ECLEcolab	0.24%	$125.7m	451.2K	+3.3% Added
KLACKLA Corporation	0.24%	$125.6m	416.3K	+282.5% Added
SNDKSandisk	0.24%	$123.2m	54.2K	+49.0% Added
BACBank of America	0.23%	$122.0m	2.14M	−31.6% Reduced
WFCWells Fargo	0.23%	$121.3m	1.47M	−3.6% Reduced
PEPPepsiCo	0.23%	$119.6m	883.2K	+14.2% Added
UNHUnitedHealth Group	0.22%	$117.0m	281.4K	+1.8% Added
BIIBBiogen	0.22%	$116.7m	540.0K	+3.4% Added
NOWServiceNow	0.22%	$116.4m	1.17M	+36.0% Added
CVXChevron Corporation	0.22%	$115.8m	698.7K	−31.7% Reduced
UBERUber	0.21%	$109.5m	1.52M	−10.7% Reduced
AMGNAmgen	0.20%	$106.3m	293.4K	+3.8% Added
ETNEaton Corporation	0.20%	$105.6m	247.8K	−45.7% Reduced
MRVLMarvell Technology	0.20%	$104.0m	349.1K	+3.3% Added
JAZZJazz Pharmaceuticals plc	0.20%	$103.9m	431.1K	+18.0% Added
EQIXEquinix	0.20%	$102.4m	98.2K	+7.1% Added
MDTMedtronic	0.19%	$100.2m	1.28M	−6.8% Reduced
TDToronto Dominion Bank	0.19%	$98.2m	807.8K	+5.4% Added
EWBCEast West Bancorp Inc	0.19%	$96.7m	749.4K	−2.6% Reduced
CBChubb Limited	0.18%	$96.3m	282.5K	−2.8% Reduced
NEMNewmont	0.18%	$96.1m	1.03M	−0.3%
TAT&T	0.18%	$95.7m	4.62M	+6.8% Added
TSMTaiwan Semiconductor Manufacturing Co LTD	0.18%	$95.7m	200.3K	−4.7% Reduced
CRMSalesforce	0.18%	$94.0m	600.2K	−5.0% Reduced
CMICummins	0.18%	$92.7m	130.0K	−2.8% Reduced
PLTRPalantir Technologies Inc.	0.18%	$92.6m	793.8K	+1.7% Added
ADIAnalog Devices	0.17%	$90.9m	229.0K	−46.1% Reduced
COFCapital One	0.17%	$90.6m	451.7K	+5.3% Added
PFEPfizer	0.17%	$88.8m	3.69M	−3.1% Reduced
TXNTexas Instruments	0.17%	$88.3m	296.1K	−53.7% Reduced
NEENextEra Energy	0.17%	$87.5m	996.9K	+3.6% Added
LOWLowe's	0.17%	$87.2m	395.5K	+2.4% Added
PHMPulteGroup	0.17%	$86.1m	627.4K	+12.2% Added
BMYBristol Myers Squibb	0.16%	$85.2m	1.48M	−2.3% Reduced
HWMHowmet Aerospace	0.16%	$84.8m	315.4K	−13.4% Reduced
GRMNGarmin	0.16%	$84.7m	356.4K	+212.2% Added
CORCencora	0.16%	$81.6m	288.3K	0.0%
UNPUnion Pacific Corporation	0.15%	$80.7m	296.6K	−9.7% Reduced
PHParker Hannifin	0.15%	$78.4m	80.2K	−13.3% Reduced
PMPhilip Morris International	0.15%	$78.0m	431.2K	+5.4% Added
CIENCiena	0.15%	$77.9m	158.9K	−7.8% Reduced
FLEXFlex Ltd.	0.15%	$77.7m	479.7K	−42.1% Reduced
ABTAbbott Laboratories	0.15%	$77.4m	852.9K	−0.9% Reduced
BTSGBrightspring Health Services, Inc.	0.15%	$77.0m	1.10M	+2268.7% Added
VLOValero Energy	0.15%	$76.9m	295.3K	+17.2% Added
ISRGIntuitive Surgical	0.15%	$76.3m	191.8K	+0.6% Added
BMOBank Of Montreal	0.15%	$76.1m	430.9K	+39.3% Added
CRDOCredo Technology Group Holding Ltd	0.14%	$75.3m	276.8K	+536.1% Added
DELLDell Technologies	0.14%	$75.2m	174.3K	+83.2% Added
ORealty Income	0.14%	$74.9m	1.21M	+6.5% Added
TRVThe Travelers Companies	0.14%	$74.4m	225.3K	+12.2% Added
RTXRTX Corporation	0.14%	$74.2m	391.0K	+5.4% Added
TELTE Connectivity	0.14%	$73.3m	363.7K	−5.3% Reduced
MPWRMonolithic Power Systems, Inc.	0.14%	$73.2m	53.0K	−18.3% Reduced
SHOPShopify Inc.	0.14%	$72.6m	636.0K	+10.0% Added
QCOMQualcomm	0.14%	$71.6m	387.5K	−17.9% Reduced
DEDeere & Company	0.14%	$71.5m	112.6K	−5.5% Reduced
ELVElevance Health	0.14%	$71.4m	184.6K	+13.9% Added
CTASCintas	0.14%	$70.9m	416.6K	−2.1% Reduced
CRWDCrowdStrike	0.14%	$70.2m	92.0K	−39.4% Reduced
COHRCoherent Corp.	0.13%	$70.1m	177.8K	+300.2% Added
COPConocoPhillips	0.13%	$68.8m	662.0K	+1.2% Added
SPGIS&P Global	0.13%	$68.2m	167.5K	−36.3% Reduced
JBLJabil	0.13%	$68.0m	176.4K	−14.2% Reduced
BLKBlackRock	0.13%	$67.9m	70.6K	+0.9% Added
SPGSimon Property Group	0.13%	$66.9m	298.9K	+1.5% Added
MELIMercadolibre Inc	0.13%	$66.6m	39.2K	+3.3% Added
STXSeagate Technology	0.13%	$66.4m	68.8K	+13.6% Added
ADSKAutodesk, Inc.	0.13%	$66.3m	341.3K	+28.1% Added
NXTNextpower Inc.	0.13%	$66.0m	554.2K	−18.8% Reduced
SNPSSynopsys Inc	0.13%	$65.8m	147.5K	−28.5% Reduced
ACNAccenture	0.13%	$65.6m	527.0K	−13.9% Reduced
SBUXStarbucks	0.13%	$65.5m	640.8K	+7.3% Added
ENBEnbridge Inc	0.13%	$65.1m	1.20M	+3.7% Added
INTUIntuit	0.12%	$64.2m	245.9K	−17.6% Reduced
AWKAmerican Water Works	0.12%	$64.2m	487.6K	+149.7% Added
BEBloom Energy	0.12%	$63.3m	209.1K	+0.3%
MOAltria	0.12%	$63.3m	879.2K	+1.7% Added
BKNGBooking Holdings	0.12%	$62.3m	349.7K	+2046.6% Added
HLTHilton Worldwide	0.12%	$61.9m	187.3K	+1.4% Added
ABNBAirbnb	0.12%	$61.4m	428.8K	+69.9% Added
HPEHewlett Packard Enterprise	0.11%	$59.5m	1.32M	+295.9% Added
BNSBank Of Nova Scotia	0.11%	$59.2m	681.2K	+9.4% Added
SPOTSpotify Technology S.a.	0.11%	$59.0m	128.4K	+4.4% Added

Company	Bought (value)	Shares
AMDAdvanced Micro Devices	$333.3m	573.8K
MUMicron Technology	$176.5m	152.9K
MSMorgan Stanley	$154.0m	736.7K
WDCWestern Digital	$95.0m	148.8K
GLWCorning Inc.	$92.9m	363.9K
KLACKLA Corporation	$92.8m	307.5K
HDThe Home Depot	$85.4m	242.1K
BTSGBrightspring Health Services, Inc.	$73.8m	1.06M
ABBVAbbVie	$71.6m	284.5K
TJXTJX Companies	$64.0m	422.3K
CRDOCredo Technology Group Holding Ltd	$63.4m	233.3K
BKNGBooking Holdings	$59.4m	333.4K
MAMastercard	$59.3m	115.4K
MRKMerck & Co.	$58.9m	458.0K
GRMNGarmin	$57.6m	242.3K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
MSFTMicrosoft Corporation	−$309.3m	−829.2K
INTCIntel	−$229.8m	−1.65M
JPMJPMorgan Chase	−$149.1m	−455.5K
TSLATesla, Inc.	−$140.6m	−334.3K
NVDANVIDIA Corporation	−$139.2m	−695.5K
TXNTexas Instruments	−$102.5m	−343.7K
ETNEaton Corporation	−$88.7m	−208.2K
APTVAptiv	−$85.5m	−1.39M
ADIAnalog Devices	−$77.6m	−195.5K
UBSUBS Group AG	−$71.6m	−1.44M
GILDGilead Sciences	−$65.4m	−517.5K
FLEXFlex Ltd.	−$56.5m	−348.7K
BACBank of America	−$56.3m	−988.8K
AMATApplied Materials	−$54.7m	−75.7K
FIXComfort Systems USA	−$54.2m	−27.3K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
WMGWarner Music Group Corp.	$703,448	27.5K
AHRTAH Realty Trust, Inc.	$435,166	79.1K
TCMDTactile Systems Technology Inc	$392,316	15.0K
NAVNNavan, Inc.	$368,231	27.8K
YEXTYext, Inc.	$334,572	87.1K
IIINInsteel Industries Inc	$228,010	6.8K
ABATAmerican Battery Technology Co	$192,789	69.1K
BLNDBlend Labs, Inc.	$179,257	105.4K
FLGTFulgent Genetics, Inc.	$172,960	10.9K
HCKTHackett Group, Inc.	$164,186	12.6K
MDXGMimedx Group, Inc.	$156,866	39.7K
CWCOConsolidated Water Co. Ltd.	$147,119	4.4K
NIONIO Inc.	$146,264	24.3K
KREFKKR Real Estate Finance Trust Inc.	$135,429	22.1K
PLAYDave & Buster's Entertainment, Inc.	$128,769	11.9K
DCBODocebo Inc.	$123,390	7.1K
CWHCamping World Holdings, Inc.	$115,796	17.0K
SPTSprout Social, Inc.	$96,763	17.0K
ARDTArdent Health, Inc.	$89,024	10.4K
WYFIWhitefiber, Inc.	$84,561	7.1K
FVRRFiverr International Ltd.	$82,445	8.2K
FUBOFubotv Inc.	$76,030	8.0K
AIOTPowerfleet, Inc.	$67,061	21.8K
HPPHudson Pacific Properties, Inc.	$58,615	9.9K
SESSES AI Corp	$51,668	53.7K
LABStandard Biotools Inc.	$46,268	50.3K
ANGIAngi Inc.	$45,340	6.6K

Technology34.2%
Financials16.4%
Health Care11.1%
Industrials9.8%
Consumer Discretionary8.3%
Communication Services6.1%
Materials3.8%
Consumer Staples3.4%
Real Estate3.0%
Energy2.2%
Utilities1.8%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestMay 8, 2015 to November 2, 2026	+13.2%	+13.6%	0.65	0.69	−32.3%	1.02
2018 onwardsJanuary 5, 2018 to November 2, 2026	+13.1%	+13.9%	0.61	0.66	−32.3%	1.02
Last three yearsNovember 3, 2023 to November 2, 2026	+20.4%	+21.8%	1.05	1.16	−17.5%	1.03
Last yearNovember 7, 2025 to November 2, 2026	+12.9%	+14.2%	0.75	0.84	−9.6%	0.97

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.