As usual, Zurich Insurance Group published its US stock portfolio in the first quarter of 2026. The Swiss financial services provider invested in the last quarter of the year.
Institutional investors with an investment volume of more than $100 million are required to report their stock portfolios to the US Securities and Exchange Commission on a quarterly basis using Form 13F. This also includes the US holdings of Zurich Insurance Group, which had a total value of around $12.73 billion as of March 31, 2026. In the first quarter there was hardly any reshuffling within the top positions.
The following ranking shows the insurer’s ten largest US equity positions – ordered by their percentage share of the overall portfolio.
Thomas Zoller, editorial team at finanzen.net
11th place: The ranking
The US Securities and Exchange Commission (SEC) requires institutional investors with over $100 million in assets under management to disclose their stock holdings quarterly on Form 13F. This also includes the US investments of the Zurich Insurance Group, which reached a volume of around $12.73 billion in the first quarter of 2026.
The following ranking shows the insurer’s ten largest US positions – ordered by their percentage share of the overall portfolio. The cut-off date for the data is March 31, 2026.
Source: sec.gov, Image: Jonathan Weiss / Shutterstock.com
10th place: JPMorgan
Zurich’s top 10 investments open with the US investment bank JPMorgan. In the last quarter, 15,751 shares were purchased. The investment now reached tenth place with a total of 497,751 shares held, after not being in the top ten in the previous quarter. As of the reporting date, the value of this position was $146.42 million, which corresponds to 1.15 percent of the total portfolio.
Source: sec.gov, Image: Gil C / Shutterstock.com
9th place: Eli Lilly
Eli Lilly was able to defend ninth place in the ranking. Zurich sold 64,667 papers here. The US pharmaceutical company’s now 170,467 shares had a value of $156.79 million on March 31, 2026, giving it a portfolio share of 1.23 percent.
Source: sec.gov, Image: Jonathan Weiss / Shutterstock.com
8th place: Tesla
Zurich’s investment in the US electric car manufacturer Tesla was able to maintain eighth place. However, Zurich sold 140,482 shares here in the reporting period. The now 459,933 papers had a value of 170.98 million US dollars as of the reporting date, which corresponds to a portfolio share of 1.34 percent.
Source: sec.gov, Image: Ken Wolter / Shutterstock.com
7th place: Meta Platforms
Zurich’s stake in Facebook parent Meta remained unchanged in seventh place in the last quarter. Here the portfolio was reduced by 65,040 shares. The now 397,692 papers have a market value of 227.53 million US dollars and a portfolio share of 1.79 percent.
Source: sec.gov, Image: rafapress / Shutterstock.com
6th place: Broadcom
Broadcom maintained its sixth place in Q1. Here Zurich sold 85,236 shares. The now 884,159 papers had a value of 273.66 million US dollars as of the reporting date and a portfolio share of 2.15 percent.
Source: sec.gov, Image: Ken Wolter / Shutterstock.com
5th place: Amazon
Amazon also remained in its ranking position – even though Zurich sold 242,012 shares in the first quarter. The insurer thus reduced the investment to 1,779,179 papers. With a value of $370.55 million as of March 31, the holding had a deposit share of 2.91 percent.
Source: sec.gov, Image: Ioan Panaite / Shutterstock.com
4th place: Microsoft
Microsoft remains in fourth place. Here Zurich sold 60,949 shares. The remaining 1,448,223 papers had a value of 536.09 million US dollars, making it a portfolio share of 4.21 percent.
Source: sec.gov, Image: Volodymyr Kyrylyuk / Shutterstock.com
3rd place: Alphabet A
Google parent Alphabet once again made it to third place with 2,151,493 A shares and a portfolio share of 4.86 percent – even though Zurich also parted with 215,622 papers. As of the reporting date, the investment had a market value of $618.68 million.
Source: sec.gov, Image: Fenixx666 / Shutterstock.com
2nd place: Apple
The Apple holding was able to defend second place in the first quarter. Here, however, Zurich sold 326,662 shares, thereby reducing its investment to 3,019,479 shares. With a value of 766.31 million US dollars, this corresponded to a depot share of 6.02 percent.
Source: sec.gov, Image: Bocman1973 / Shutterstock.com
1st place: NVIDIA
The NVIDIA holding defended first place in the first quarter – even though Zurich sold 753,542 shares of the tech giant during the reporting period. The investment shrank to a total of 4,815,607 shares. With a value of 839.84 million US dollars, NVIDIA managed a portfolio share of 6.60 percent.
Source: sec.gov, Image: Casimiro PT / Shutterstock.com
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