There was a lot of movement in Zurich Insurance’s portfolio in the third quarter.
Investors whose investments total more than $100 million are required by SEC rules to disclose their investments quarterly on Form 13F. This also affects Zurich Insurance Group’s US investments, which reached a total value of approximately $9.446 billion in the third quarter of 2023. The following ranking lists the ten largest US positions that Zurich held in the last quarter, each sorted by their percentage share of the domestic insurer’s overall portfolio. The data is as of September 30, 2023.
Editorial team finanzen.net
11th place: The ranking
The SEC requires investors who hold more than $100 million in investments to disclose their stock investments quarterly through Form 13F. This also includes Zurich Insurance Group’s U.S. investments, which had a total value of approximately $9.446 billion as of the third quarter of 2023. The ranking below lists the ten largest US positions held by Zurich in the last quarter. The SMI Group’s investments are listed according to their percentage share in the portfolio. The data is as of September 30, 2023.
Source: sec.gov, Image: Jonathan Weiss / Shutterstock.com
10th place: JPMorgan
The top 10 begins with the US bank JPMorgan, which is now among the top positions. In total, the Swiss insurer held 1,019,589 shares in the US company, which were worth around $147.85 million as of the reporting date. JPMorgan thus accounted for 1.57 percent of the entire portfolio.
Source: sec.gov, Image: TK Kurikawa / Shutterstock.com
9th place: Tesla
The US electric car manufacturer Tesla is also new in the top 10. Last quarter, Zurich held 649,633 shares of the company, worth about $162.55 million as of September 30. Compared to the previous quarter, the position increased by 33.44 percent, so that Tesla accounted for 1.72 percent of the entire portfolio as of the reporting date.
Source: sec.gov, Image: Ken Wolter / Shutterstock.com
8th place: Walmart
The eighth largest position in the ranking goes to retail giant Walmart. Zurich increased its stake here by 29.52 percent. The total of 1,053,069 shares held were worth approximately $168.42 million as of the reporting date. This means that Walmart accounts for a total of 1.78 percent of the insurer’s total portfolio.
Source: sec.gov, Image: www.walmart.com
7th place: ExxonMobil
The US mineral oil company ExxonMobil is in seventh place. Here too, Zurich increased its shares by 41.89 percent in the last quarter. The 1,516,750 shares were worth $178.34 million as of the reporting date, making up 1.89 percent of the entire portfolio.
Source: sec.gov, Image: Katherine Welles / Shutterstock.com
6th place: NVIDIA
The next largest position in the Swiss insurer’s portfolio is held by NVIDIA. In the last quarter, Zurich increased its share by 5.92 percent. The US company’s papers now made up 2.65 percent of the entire portfolio. This involved a total of 575,667 shares worth $250.41 million.
Source: sec.gov, Image: michelmond / Shutterstock.com
5th place: Meta
The top five opens with the IT group Meta. Here the Swiss insurer increased its share by 3.17 percent. This means that there were 950,872 shares worth $285.46 million (3.02 percent) in the portfolio.
Source: sec.gov, Image: rafapress / Shutterstock.com
4th place: Amazon
We continue with the online shop giant Amazon. Here, Zurich held 2,721,914 shares worth $346.01 million in the third quarter, 5.85 percent more than in the second quarter. Overall, Amazon accounts for 3.66 percent of the entire depot.
Source: sec.gov, Image: Benny Marty / Shutterstock.com
3rd place: Alphabet A
Google parent Alphabet A remains in third place. In the last quarter, Zurich increased its shares here by 1.77 percent to a total of 3,450,609 shares, which were worth $451.55 million as of the reporting date. This makes Alphabet A 4.78 percent of the entire portfolio.
Source: sec.gov, Image: Fenixx666 / Shutterstock.com
2nd place: Apple
Apple, the iGroup, slipped into second place. In the third quarter, Zurich reduced its shares by 11.47 percent. The remaining 3,252,003 shares were worth $556.78 million as of the reporting date and made up 5.89 percent of the entire portfolio.
Source: sec.gov, Image: Andrey Bayda / Shutterstock.com
1st place: Microsoft
Microsoft has risen to first place among the domestic insurer’s largest US positions. Here too, Zurich sold shares in the third quarter (-0.56 percent). The remaining 1,828,692 were worth $577.41 million as of September 30, accounting for 6.11 percent of the total portfolio.
Source: sec.gov, Image: Volodymyr Kyrylyuk / Shutterstock.com
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