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 |
Apple
AAPL
|
+$21.6B |
| 2 |
Amazon
AMZN
|
+$13.7B |
| 3 |
NVIDIA
NVDA
|
+$3.87B |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$1.89B |
| 5 |
Meta Platforms (Facebook)
META
|
+$1.4B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$22.7B |
| 2 |
Equinix
EQIX
|
+$857M |
| 3 |
Digital Realty Trust
DLR
|
+$655M |
| 4 |
NetEase
NTES
|
+$618M |
| 5 |
BNY
Bank of New York Mellon
BNY
|
+$609M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.9% |
| 2 | Financials | 13.9% |
| 3 | Consumer Discretionary | 11.31% |
| 4 | Healthcare | 10.7% |
| 5 | Communication Services | 9.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
151
DoorDash
DASH
$85.1B
| $634M | 0.13% |
2,573,320
-123,754
| -5% | -$24.8M |
2021 Q2
16 quarters
|
|
152
Fair Isaac
FICO
$14.4B
| $615M | 0.12% |
336,602
+19,822
| +6% | +$37.2M |
2013 Q2
48 quarters
|
|
|
AMRZ
153
Amrize Ltd
AMRZ
$19.8B
| $612M | 0.12% |
+12,343,881
| New | +$623M |
2025 Q2
0 quarters
|
|
154
Exelon
EXC
$43B
| $611M | 0.12% |
14,081,491
+2,189,354
| +18% | +$97.5M |
2013 Q2
48 quarters
|
|
155
AutoZone
AZO
$47.5B
| $608M | 0.12% |
163,759
+28,156
| +21% | +$104M |
2013 Q2
48 quarters
|
|
156
Newmont
NEM
$124B
| $607M | 0.12% |
10,422,706
+1,545,095
| +17% | +$82.5M |
2013 Q2
48 quarters
|
|
157
Snowflake
SNOW
$130B
| $604M | 0.12% |
2,697,982
+463,725
| +21% | +$83.8M |
2020 Q3
19 quarters
|
|
158
Constellation Energy
CEG
$106B
| $599M | 0.12% |
1,856,194
+201,421
| +12% | +$53.3M |
2022 Q1
13 quarters
|
|
159
Xylem
XYL
$24B
| $599M | 0.12% |
4,626,850
+602,350
| +15% | +$72.9M |
2013 Q2
48 quarters
|
|
|
AXON
160
Axon Enterprise
AXON
$34.4B
| $593M | 0.12% |
716,069
+160,379
| +29% | +$109M |
2013 Q2
48 quarters
|
|
161
Illinois Tool Works
ITW
$75.2B
| $592M | 0.12% |
2,395,203
+322,730
| +16% | +$78M |
2013 Q2
48 quarters
|
|
162
Emerson Electric
EMR
$90.3B
| $592M | 0.12% |
4,437,328
+350,748
| +9% | +$40.2M |
2013 Q2
48 quarters
|
|
163
Southern Company
SO
$99.1B
| $591M | 0.12% |
6,440,323
+1,683,622
| +35% | +$151M |
2013 Q2
48 quarters
|
|
164
Duke Energy
DUK
$91B
| $583M | 0.12% |
4,942,340
+1,309,685
| +36% | +$155M |
2013 Q2
48 quarters
|
|
165
CSX Corp
CSX
$87.5B
| $578M | 0.12% |
17,725,728
+2,413,621
| +16% | +$72.6M |
2013 Q2
48 quarters
|
|
166
Carrier Global
CARR
$45.8B
| $578M | 0.12% |
7,899,170
+930,876
| +13% | +$63.2M |
2020 Q2
20 quarters
|
|
167
Cummins
CMI
$72.1B
| $575M | 0.12% |
1,756,334
+121,754
| +7% | +$37.7M |
2013 Q2
48 quarters
|
|
168
Idexx Laboratories
IDXX
$40.8B
| $574M | 0.12% |
1,070,100
-6,329
| -0.6% | -$3.03M |
2013 Q2
48 quarters
|
|
169
KKR & Co
KKR
$81.6B
| $573M | 0.12% |
4,307,859
+517,480
| +14% | +$60.6M |
2017 Q4
30 quarters
|
|
170
Arthur J. Gallagher & Co
AJG
$59.7B
| $571M | 0.12% |
1,784,809
+255,243
| +17% | +$84.1M |
2013 Q2
48 quarters
|
|
171
Allstate
ALL
$58B
| $570M | 0.12% |
2,832,086
+536,140
| +23% | +$107M |
2013 Q2
48 quarters
|
|
172
Alibaba
BABA
$277B
| $566M | 0.11% |
4,989,619
-3,567,876
| -42% | -$422M |
2014 Q3
43 quarters
|
|
173
Public Storage
PSA
$54.2B
| $565M | 0.11% |
1,925,966
+154,960
| +9% | +$45.9M |
2013 Q2
48 quarters
|
|
174
Applovin
APP
$92.7B
| $562M | 0.11% |
1,604,547
+361,163
| +29% | +$117M |
2022 Q1
13 quarters
|
|
175
Cloudflare
NET
$129B
| $557M | 0.11% |
2,842,796
-286,234
| -9% | -$41.6M |
2019 Q3
23 quarters
|
|
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UBS AM's Q2 2025 Portfolio in Review
As of Q2 2025, UBS AM held 2,749 positions worth $494B, up 26% from $391B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
UBS AM deployed $54.3B of net new capital in Q2 2025, opening 106 new positions and adding to 2,036 existing holdings. Its largest new stake was Amrize Ltd: 12,343,881 shares worth $612M.
By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 30% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Microsoft, an estimated $22.7B trimmed.
- UBS AM's largest Q2 2025 buy was Amrize Ltd: 12,343,881 shares worth $612M.
- UBS AM added most to Apple in Q2 2025, an estimated $21.6B increase.
- UBS AM's biggest Q2 2025 reduction was Microsoft, cutting an estimated $22.7B.
- UBS AM fully exited Discover Financial Services in Q2 2025, selling an estimated $356M.
- UBS AM's ten largest holdings make up 28% of its $494B portfolio in Q2 2025.
- UBS AM opened 106 new positions and closed 128 in Q2 2025.
- UBS AM's portfolio value rose 26% quarter-over-quarter to $494B.
Based on UBS AM's 13F filing for Q2 2025, filed 14 Aug 2025.