As part of the filing of Form 13F, the renowned Swiss bank UBS recently disclosed its investments in US stocks. The following ten positions represent the most significant portion of the Zürcher Bank’s US portfolio.
Under Securities and Exchange Commission (SEC) regulations, investors with more than $100 million in assets are required to report quarterly on their positions held. With a value of 334 billion US dollars (as of December 31, 2023), the US portfolio of the major Swiss bank UBS undoubtedly meets the criteria for submitting the so-called 13F form to the authorities. In the previous quarter of the year, the third quarter of 2023, the portfolio value was a good 290 billion US dollars.
The following ranking presents the ten largest US stocks that UBS held in its portfolio in the last quarter. The data is as of December 31, 2023. In addition, the Zurich-based bank also invested in numerous options and funds during this period, which, however, were not taken into account in this ranking.
Editorial team finanzen.net
11th place: The ranking
Institutional investors whose assets under management exceed $100 million are required by law to report quarterly on their positions to the US Securities and Exchange Commission (SEC). This report is made through publicly available Form 13F. With a portfolio value of $334 billion, UBS is also obliged to inform the authority about its investments in the USA.
Below are the ten largest US stocks that the major Swiss bank held in its portfolio in the fourth quarter of 2023, sorted by their percentage share. Options and funds in which the company invested during the period under review are not included in this list. The data is as of December 31, 2023.
Source: sec.gov, Image: 360b / Shutterstock.com
10th place: UnitedHealth
The top ten US holdings are ushered in by UBS with the UnitedHealth shares. Compared to the previous quarter, shares of the US insurer fell one place in the fourth quarter of 2023 – even though the Zurich-based company added 291,491 additional shares to its portfolio. The total of 3,818,287 securities had a market value of $2.010 billion as of the reporting date, making up 0.60 percent of the bank’s entire US portfolio.
Source: sec.gov, Image: II.studio / Shutterstock.com
9th place: Alphabet C
The 15,517,460 C shares from Google parent Alphabet follow in ninth place in the UBS ranking. The major bank bought 2,489,537 securities here in the last quarter, so that the holding is now worth 2.186 billion US dollars. The total share of the depot is therefore 0.65 percent.
Source: sec.gov, Image: JPstock / Shutterstock.com
8th place: JPMorgan
JPMorgan also fell one place in the UBS ranking. The US competitor was represented in the portfolio with 16,088,029 shares in the fourth quarter of 2023, which was 471,407 more than in the previous quarter. With a market value of $2.736 billion, this corresponded to a share of 0.82 percent.
Source: sec.gov, Image: TK Kurikawa / Shutterstock.com
7th place: Alphabet A
After the C shares in ninth place, A shares from Google parent Alphabet follow in seventh place among UBS’s largest holdings. In contrast to the tech giant’s C shares, the A shares provide investors with voting rights. The bank sold 856,630 shares in the last quarter of the year, so that there were 20,877,928 shares in the portfolio as of the reporting date. On the stock exchange, these were worth 2.916 billion US dollars and therefore corresponded to 0.87 percent of the entire portfolio.
Source: sec.gov, Image: Fenixx666 / Shutterstock.com
6th place: NVIDIA
The AI winner NVIDIA remains in sixth place – although UBS sold 137,781 shares of the chip designer in the reporting period. The remaining 6,097,233 shares had a market value of $3.019 billion at the end of the year, which corresponded to 0.90 percent of the financial institution’s total US holdings.
Source: sec.gov, Image: Casimiro PT / Shutterstock.com
5th place: Broadcom
Meanwhile, the US semiconductor company Broadcom was able to fight its way up to three places. UBS expanded this position by 507,859 shares to 2,715,585 shares in the last quarter. On the stock exchange, the stake was worth $3.031 billion – 0.91 of the Zurich-based company’s US portfolio.
Source: sec.gov, Image: Ken Wolter / Shutterstock.com
4th place: Amazon
The US shipping giant Amazon, however, had to give up one place in the UBS ranking. This may also be due to the sale of 1,118,113 shares in the company founded by Jeff Bezos. At the end of the year, UBS still owned 24,493,543 Amazon shares, which were worth $3.721 billion and therefore made up 1.11 percent of the portfolio.
Source: sec.gov, Image: Jonathan Weiss / Shutterstock.com
3rd place: UBS
UBS, on the other hand, has significantly increased its share of its own shares. Although the major bank’s securities are primarily listed on SIX, they can also be traded on the NYSE. And so in the last quarter, 22,457,366 UBS shares moved into the Zurich-based company’s US portfolio. The position therefore comprises a total of 135,283,262 shares. As of the reporting date, these had a value of 4.180 billion US dollars and thus corresponded to 1.25 of all US holdings of the bank.
Source: sec.gov, Image: Simon Zenger / Shutterstock.com
2nd place: Apple
The iPhone manufacturer Apple remains in second place. Here, UBS purchased 1,739,974 additional shares in the fourth quarter of 2023, giving it a total of 38,961,380 shares in the iGroup. At the end of the quarter, these had a value of 7.501 billion US dollars, which corresponds to 2.25 of all Zurich-based holdings listed in the USA.
Source: sec.gov, Image: Marek Szandurski / Shutterstock.com
1st place: Microsoft
First place in the UBS ranking in the fourth quarter of 2023 again went to the Windows developer Microsoft. The major bank’s shopping list included 358,682 shares of the software giant, meaning it now has 22,198,702 Windows shares. On the stock exchange, these were worth $8.347 billion as of the reporting date, taking up 2.50 percent of UBS’s entire US portfolio.
Source: sec.gov, Image: Volodymyr Kyrylyuk / Shutterstock.com
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