Banque Cantonale Vaudoise's Q2 2025 13F: 40 new positions, 84 exits
Form 13F-HR for the quarter ended Jun 30, 2025 · filed Aug 11, 2025 · 782 reported positions · accession 0001793755-25-000006
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | MICROSOFT CORP (MSFT) | 4.3% | 4.2% | −0.1 pts | −52,866 sh | −20% |
| Increased | INVESCO QQQ TR (QQQ) | 0.6% | 1.0% | +0.4 pts | +13,461 sh | +45% |
| Increased | GOLDMAN SACHS GROUP INC (GS) | 0.2% | 0.5% | +0.3 pts | +7,736 sh | +90% |
| Increased | PROCTER AND GAMBLE CO (PG) | 0.6% | 0.7% | +0.1 pts | +31,632 sh | +39% |
| Reduced | YUM CHINA HLDGS INC (YUMC) | 0.3% | 0.0% | −0.2 pts | −95,950 sh | −88% |
| Increased | BANK NEW YORK MELLON CORP (BK) | 0.1% | 0.3% | +0.2 pts | +45,465 sh | +142% |
| Increased | NU HLDGS LTD (NU) | 0.0% | 0.2% | +0.2 pts | +300K sh | +2507% |
| Reduced | BRISTOL-MYERS SQUIBB CO (BMY) | 0.5% | 0.2% | −0.3 pts | −85,224 sh | −46% |
| Reduced | UBS GROUP AG (UBS) | 9.1% | 9.2% | +0.1 pts | −113K sh | −2% |
| Reduced | KROGER CO (KR) | 0.3% | 0.1% | −0.2 pts | −52,545 sh | −55% |
| Reduced | ISHARES TR (MBB) | 1.2% | 0.9% | −0.2 pts | −40,000 sh | −14% |
| Reduced | PEPSICO INC (PEP) | 0.3% | 0.1% | −0.2 pts | −26,109 sh | −59% |
| Reduced | PONY AI INC (PONY) | 0.1% | 0.0% | −0.1 pts | −263K sh | −99% |
| Exited | VNET GROUP INC (VNET) | 0.1% | — | −0.1 pts | −384K sh | −100% |
| Increased | MERCK & CO INC (MRK) | 0.3% | 0.4% | +0.1 pts | +40,314 sh | +50% |
| Reduced | CROWN CASTLE INC (CCI) | 0.2% | 0.1% | −0.1 pts | −30,620 sh | −57% |
| Increased | CATERPILLAR INC (CAT) | 0.4% | 0.6% | +0.2 pts | +8,059 sh | +28% |
| New | CNH INDL N V (CNHI) | — | 0.1% | +0.1 pts | +240K sh | new |
| Reduced | AT&T INC (T) | 0.4% | 0.2% | −0.1 pts | −107K sh | −37% |
| Increased | ALPHABET INC (GOOG) | 0.5% | 0.7% | +0.2 pts | +17,301 sh | +24% |
| Reduced | IDEXX LABS INC (IDXX) | 0.2% | 0.1% | −0.1 pts | −5,275 sh | −53% |
| Increased | GE VERNOVA INC (GEV) | 0.0% | 0.2% | +0.1 pts | +5,085 sh | +161% |
| Increased | ANALOG DEVICES INC (ADI) | 0.2% | 0.4% | +0.1 pts | +11,000 sh | +39% |
| Exited | EVERSOURCE ENERGY (ES) | 0.1% | — | −0.1 pts | −38,502 sh | −100% |
| Increased | SPDR SER TR (SPYD) | 0.3% | 0.3% | +0.1 pts | +59,640 sh | +44% |
| Exited | VIPSHOP HLDGS LTD (VIPS) | 0.1% | — | −0.1 pts | −148K sh | −100% |
| Increased | NVIDIA CORPORATION (NVDA) | 3.4% | 4.8% | +1.3 pts | +15,760 sh | +2% |
| Reduced | NUCOR CORP (NUE) | 0.1% | 0.0% | −0.1 pts | −18,455 sh | −68% |
| Increased | FIDELITY NATL INFORMATION SV (FIS) | 0.1% | 0.2% | +0.1 pts | +28,865 sh | +132% |
| Increased | LPL FINL HLDGS INC (LPLA) | 0.0% | 0.1% | +0.1 pts | +5,874 sh | +199% |
| Increased | BOSTON SCIENTIFIC CORP (BSX) | 0.1% | 0.2% | +0.1 pts | +19,827 sh | +62% |
| Reduced | COCA COLA CO (KO) | 0.9% | 0.8% | −0.2 pts | −28,816 sh | −10% |
| Increased | LOWES COS INC (LOW) | 0.3% | 0.3% | +0.1 pts | +9,166 sh | +35% |
| Exited | C H ROBINSON WORLDWIDE INC (CHRW) | 0.1% | — | −0.1 pts | −18,373 sh | −100% |
| New | SOUTHERN COPPER CORP (SCCO) | — | 0.1% | +0.1 pts | +20,000 sh | new |
| Increased | EDWARDS LIFESCIENCES CORP (EW) | 0.1% | 0.2% | +0.1 pts | +24,899 sh | +60% |
| Reduced | AMAZON COM INC (AMZN) | 2.7% | 2.8% | +0.1 pts | −8,617 sh | −3% |
| Reduced | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | 0.4% | 0.4% | 0.0 pts | −8,296 sh | −16% |
| Reduced | ALCON AG (ALC) | 4.4% | 3.7% | −0.6 pts | −21,113 sh | −2% |
| Reduced | META PLATFORMS INC (META) | 1.1% | 1.3% | +0.1 pts | −2,512 sh | −6% |
| Increased | INTERCONTINENTAL EXCHANGE IN (ICE) | 0.1% | 0.2% | +0.1 pts | +10,097 sh | +76% |
| Exited | EVEREST GROUP LTD (EG) | 0.1% | — | −0.1 pts | −4,649 sh | −100% |
| Reduced | FORTINET INC (FTNT) | 0.3% | 0.3% | −0.1 pts | −16,835 sh | −22% |
| Reduced | PDD HOLDINGS INC (PDD) | 0.1% | 0.0% | −0.1 pts | −16,980 sh | −87% |
| Exited | VERALTO CORP (VLTO) | 0.1% | — | −0.1 pts | −16,737 sh | −100% |
| Reduced | PENTAIR PLC (PNR) | 0.1% | 0.0% | −0.1 pts | −17,133 sh | −66% |
| Increased | VISA INC (V) | 2.1% | 2.0% | −0.1 pts | +4,933 sh | +4% |
| New | FOX CORP (FOXA) | — | 0.1% | +0.1 pts | +30,982 sh | new |
| Reduced | THE CIGNA GROUP (CI) | 0.3% | 0.2% | −0.1 pts | −5,232 sh | −25% |
| Reduced | AON PLC (AON) | 0.1% | 0.0% | −0.1 pts | −4,815 sh | −59% |
The 50 largest of 727 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 35.1% of the equity book
Changes in the top 10 this quarter: AVGO entered · MBB left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | UBS GROUP AG (UBS) | 9.1% | 9.2% | |
| 2 | NVIDIA CORPORATION (NVDA) | 3.4% | 4.8% | |
| 3 | MICROSOFT CORP (MSFT) | 4.3% | 4.2% | |
| 4 | ALCON AG (ALC) | 4.4% | 3.7% | |
| 5 | APPLE INC (AAPL) | 4.2% | 3.6% | |
| 6 | AMAZON COM INC (AMZN) | 2.7% | 2.8% | |
| 7 | VISA INC (V) | 2.1% | 2.0% | |
| 8 | ALPHABET INC (GOOGL) | 1.9% | 2.0% | |
| 9 | BROADCOM INC (AVGO) | 1.0% | 1.5% | Entered the top 10 |
| 10 | LOGITECH INTL S A (LOGI) | 1.3% | 1.3% | |
| — | ISHARES TR (MBB) | 1.2% | 0.9% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).