NVIDIA & Co.: The Zurich Insurance Group is betting on these 10 US stocks in the third quarter of 2025

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 $14 billion in the third quarter of 2025.

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 September 30, 2025.

Source: sec.gov, Image: Jonathan Weiss / Shutterstock.com

10th place: AppLovin

Zurich’s top 10 investments open with a new entry: the US technology company AppLovin. The latest addition to the portfolio made it to tenth place last quarter with a total of 277,975 shares held. As of the reporting date, the value of this position was $199.74 million, which corresponds to 1.43 percent of the total portfolio.

Source: sec.gov, Image: Poetra.RH / Shutterstock.com

9th place: Netflix

Netflix slipped from 8th to 9th place in the third quarter – even though Zurich bought 141,610 shares. The US streaming provider’s now 1,918,290 shares had a value of $229.99 million on September 30, 2025, giving it a portfolio share of 1.64 percent.

Source: sec.gov, Image: Dennizn / Shutterstock.com

8th place: Tesla

Zurich’s holdings in the US electric car manufacturer Tesla were able to work their way up to eighth place. Zurich bought 22,970 shares here in the reporting period. The now 617,046 papers had a value of 274.41 million US dollars as of the reporting date, which corresponds to a depot share of 1.96 percent.

Source: sec.gov, Image: Ken Wolter / Shutterstock.com

7th place: Broadcom

Broadcom managed to stay in seventh place in Q3. Here Zurich sold 207,979 shares. The remaining 912,758 papers had a value of $301.13 million as of the reporting date and a portfolio share of 2.15 percent.

Source: sec.gov, Image: Ken Wolter / Shutterstock.com

6th place: Amazon

Amazon fell from 4th place to 6th place. Here, Zurich sold 544,365 shares in the third quarter, reducing its portfolio to 2,053,448 shares. With a value of $450.88 million as of September 30, the holding had a deposit share of 3.22 percent.

Source: sec.gov, Image: Ioan Panaite / Shutterstock.com

5th place: Meta Platforms

Zurich’s stake in Facebook parent Meta was able to hold its place in the last quarter. Here the portfolio was increased by 29,788 shares. The now 666,716 papers have a market value of 489.62 million US dollars and a portfolio share of 3.5 percent.

Source: sec.gov, Image: rafapress / Shutterstock.com

4th place: Alphabet A

Google parent Alphabet made it from 6th to 4th place with 2,835,995 A shares and a portfolio share of 4.92 percent. Zurich bought 495,306 papers here. As of the reporting date, the investment had a market value of $689.43 million.

Source: sec.gov, Image: Fenixx666 / Shutterstock.com

3rd place: Microsoft

Microsoft slipped from 2nd to 3rd place. Here Zurich sold 119,223 shares. The remaining 1,614,036 papers made it to a portfolio share of 5.97 percent with a value of 835.99 million US dollars.

Source: sec.gov, Image: Volodymyr Kyrylyuk / Shutterstock.com

2nd place: Apple

The Apple holding fought its way from 3rd place to 2nd place in the third quarter. Here Zurich purchased 625,516 shares, increasing its investment to 3,502,416 shares. With a value of 891.82 million US dollars, this corresponded to a depot share of 6.37 percent.

Source: sec.gov, Image: Bocman1973 / Shutterstock.com

1st place: NVIDIA

The NVIDIA holding defended first place in the third quarter – even though Zurich sold 312,225 shares of the tech giant in the reporting period. The investment shrank to a total of 5,801,868 shares. With a value of 1.08 billion US dollars, NVIDIA has a portfolio share of 7.73 percent.

Source: sec.gov, Image: Casimiro PT / Shutterstock.com