UBS AM Portfolio holdings
UBS Asset Management (UBS AM), a division of UBS Group AG with origins tied to the bank’s founding in 1862, is headquartered in Zurich, Switzerland, and manages hundreds of billions in assets for institutional, intermediary, and wealth management clients globally. Specializing in a broad range of investment strategies—including equities, fixed income, multi-asset, alternatives, and sustainable investing—UBS AM leverages the firm’s extensive research capabilities and global network to deliver tailored solutions. Known for its focus on risk management and innovation, it offers products like ETFs, index funds, and private market investments, catering to diverse needs from pension funds to high-net-worth individuals. As part of UBS’s broader ecosystem, UBS AM combines Swiss precision with a commitment to ESG principles, solidifying its position as a leader in the asset management industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$25.3B |
| 2 |
Bank of America
BAC
|
+$1.96B |
| 3 |
Applied Materials
AMAT
|
+$1.43B |
| 4 |
NetEase
NTES
|
+$1.18B |
| 5 |
Union Pacific
UNP
|
+$870M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$7.17B |
| 2 |
Apple
AAPL
|
+$3.39B |
| 3 |
UBS Group
UBS
|
+$2.73B |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$2.53B |
| 5 |
Meta Platforms (Facebook)
META
|
+$2.04B |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.88% |
| 2 | Financials | 12.37% |
| 3 | Consumer Discretionary | 10.53% |
| 4 | Healthcare | 9.66% |
| 5 | Communication Services | 9.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NTST
1051
NETSTREIT Corp
NTST
$2.06B
| $10.5M | ﹤0.01% |
581,910
+506,262
| +669% | +$9.15M |
|
|
CURB
1052
Curbline Properties
CURB
$3.41B
| $10.5M | ﹤0.01% |
470,288
-164,190
| -26% | -$3.7M |
|
1053
Workiva
WK
$3.58B
| $10.5M | ﹤0.01% |
121,693
-83,569
| -41% | -$6.28M |
|
1054
Western Union
WU
$2.18B
| $10.5M | ﹤0.01% |
1,308,734
-742,200
| -36% | -$6.21M |
|
1055
Archrock
AROC
$5.83B
| $10.4M | ﹤0.01% |
394,938
-274,574
| -41% | -$6.62M |
|
1056
CNO Financial Group
CNO
$5.17B
| $10.4M | ﹤0.01% |
262,393
-201,135
| -43% | -$7.68M |
|
|
ECG
1057
Everus Construction Group
ECG
$6.93B
| $10.3M | ﹤0.01% |
120,450
-62,192
| -34% | -$4.62M |
|
1058
Chord Energy
CHRD
$7.61B
| $10.3M | ﹤0.01% |
103,453
-71,031
| -41% | -$7.47M |
|
1059
PJT Partners
PJT
$4.38B
| $10.3M | ﹤0.01% |
57,799
-31,845
| -36% | -$5.73M |
|
1060
SPS Commerce
SPSC
$2.68B
| $10.3M | ﹤0.01% |
98,434
-62,007
| -39% | -$7.38M |
|
1061
Arcosa
ACA
$7.12B
| $10.2M | ﹤0.01% |
109,330
-108,166
| -50% | -$10.1M |
|
1062
Marathon Digital Holdings
MARA
$3.72B
| $10.2M | ﹤0.01% |
557,853
-348,389
| -38% | -$5.87M |
|
1063
SoundHound AI
SOUN
$3.32B
| $10.1M | ﹤0.01% |
628,873
-401,818
| -39% | -$5.33M |
|
1064
Alamos Gold
AGI
$13.7B
| $10M | ﹤0.01% |
288,219
+68,899
| +31% | +$1.97M |
|
1065
Q2 Holdings
QTWO
$3.92B
| $10M | ﹤0.01% |
138,438
-134,134
| -49% | -$11M |
|
1066
Riot Platforms
RIOT
$7.51B
| $10M | ﹤0.01% |
526,353
-277,811
| -35% | -$3.85M |
|
1067
MDU Resources
MDU
$4.32B
| $9.98M | ﹤0.01% |
560,460
-99,661
| -15% | -$1.66M |
|
1068
Choice Hotels
CHH
$4.7B
| $9.95M | ﹤0.01% |
93,085
-49,261
| -35% | -$6.01M |
|
1069
Calix
CALX
$2.39B
| $9.95M | ﹤0.01% |
162,157
-103,106
| -39% | -$5.94M |
|
1070
Envista
NVST
$4.47B
| $9.94M | ﹤0.01% |
488,184
-263,611
| -35% | -$5.42M |
|
1071
Telephone and Data Systems
TDS
$3.75B
| $9.94M | ﹤0.01% |
253,187
-410,087
| -62% | -$15.8M |
|
1072
Allegro MicroSystems
ALGM
$8.13B
| $9.85M | ﹤0.01% |
337,478
-145,845
| -30% | -$4.72M |
|
1073
Boot Barn
BOOT
$5.05B
| $9.83M | ﹤0.01% |
59,299
-63,886
| -52% | -$11M |
|
1074
Moelis & Co
MC
$4.8B
| $9.82M | ﹤0.01% |
137,684
-113,026
| -45% | -$8.07M |
|
1075
First Bancorp
FBP
$4.47B
| $9.82M | ﹤0.01% |
445,262
+286,984
| +181% | +$6.21M |
|
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UBS AM's Q3 2025 Portfolio in Review
As of Q3 2025, UBS AM held 2,672 positions worth $461B, down 6.8% from $494B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
UBS AM withdrew a net $68.7B in Q3 2025, closing 403 positions and reducing 2,008 holdings. Its most notable exit was Pinduoduo, an estimated $967M position sold in full.
By sector, the portfolio is most concentrated in Technology at 38% of assets, up from 32% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, UBS AM opened a new position in Vanguard Dividend Appreciation ETF worth $135M.
- UBS AM's largest Q3 2025 buy was Vanguard Dividend Appreciation ETF: 624,303 shares worth $135M.
- UBS AM added most to Microsoft in Q3 2025, an estimated $25.3B increase.
- UBS AM's biggest Q3 2025 reduction was NVIDIA, cutting an estimated $7.17B.
- UBS AM fully exited Pinduoduo in Q3 2025, selling an estimated $967M.
- UBS AM's ten largest holdings make up 35% of its $461B portfolio in Q3 2025.
- UBS AM opened 67 new positions and closed 403 in Q3 2025.
- UBS AM's portfolio value fell 6.8% quarter-over-quarter to $461B.
Based on UBS AM's 13F filing for Q3 2025, filed 14 Nov 2025.