Institutional Manager · CIK 0001610520

UBS Group AG

Zurich, V8 · File #028-16612

Latest AUM

$616.68B

Positions

24,019

Top-10 Concentration

38.3%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	ISHARES TR	464288513	-24,944,028	-$2.01B	-$22.0M
ADD	MP MATERIALS CORP	MP	+33,821,880	+$1.71B	-$1.7M
REDUCE	ROCKET LAB CORP	RKLB	-17,268,323	-$1.20B	+$379.4M
ADD	ADVANCED MICRO DEVICES INC	AMD	+4,992,106	+$1.07B	+$4.0M
ADD	ISHARES TR	464287440	+10,139,300	+$975.0M	-$338,640
ADD	ISHARES TR	464287242	+6,641,500	+$731.8M	-$256,000
ADD	ISHARES TR	464287655	+2,697,900	+$664.1M	+$34.2M
ADD	ISHARES GOLD TR	IAU	+8,150,746	+$661.6M	+$184,371
ADD	ABIVAX SA	AAVXF	+4,422,995	+$596.5M	+$4,995
ADD	SPDR GOLD TR	GLD	+1,368,400	+$542.3M	+$83.9M

Sector Allocation

Technology

20.1%$124.08B

Financials

7.3%$45.09B

Healthcare

6.3%$39.18B

Consumer Discretionary

6.3%$38.87B

Industrials

5.1%$31.67B

Communication Services

3.3%$20.59B

2.3%$14.42B

2.0%$12.50B

1.6%$10.05B

0.8%$4.88B

0.6%$3.47B

Filing History

Jan 29, 202613F COMBINATION REPORTQ/E Dec 202524,019 pos · $616.68B
Nov 13, 202513F COMBINATION REPORTQ/E Sep 202522,854 pos · $638.37B
Aug 14, 202513F COMBINATION REPORTQ/E Jun 202522,017 pos · $577.63B
May 13, 202513F COMBINATION REPORTQ/E Mar 202523,156 pos · $543.98B
Feb 14, 202513F COMBINATION REPORTQ/E Dec 202423,016 pos · $541.09B
Nov 14, 202413F COMBINATION REPORTQ/E Sep 202422,560 pos · $459.01B
Aug 14, 202413F COMBINATION REPORTQ/E Jun 202421,355 pos · $404.80B
May 13, 202413F COMBINATION REPORTQ/E Mar 202418,453 pos · $401.54B
Nov 9, 202313F COMBINATION REPORTQ/E Dec 202317,347 pos · $290.09B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	MICROSOFT CORP	MSFT	15,232,388	$7.37B	5.14%
2	APPLE INC	AAPL	24,841,333	$6.75B	4.71%
3	UBS GROUP AG	UBS	135,629,927	$6.28B	4.38%
4	NVIDIA CORPORATION	NVDA	33,165,306	$6.19B	4.31%
5	NVIDIA CORPORATION	NVDA	30,997,101	$5.78B	4.03%
6	ALPHABET INC	GOOG	15,555,752	$4.87B	3.40%
7	AMAZON COM INC	AMZN	20,497,129	$4.73B	3.30%
8	SPDR S&P 500 ETF TR	SPY	6,880,962	$4.69B	3.27%
9	BROADCOM INC	AVGO	12,268,208	$4.25B	2.96%
10	MICROSOFT CORP	MSFT	8,247,592	$3.99B	2.78%
11	MICROSOFT CORP	MSFT	7,648,005	$3.70B	2.58%
12	APPLE INC	AAPL	12,293,473	$3.34B	2.33%
13	SPDR S&P 500 ETF TR	SPY	4,833,500	$3.30B	2.30%
14	JPMORGAN CHASE & CO.	VYLD	10,222,056	$3.29B	2.30%
15	NVIDIA CORPORATION	NVDA	17,092,652	$3.19B	2.22%
16	ALPHABET INC	GOOG	9,086,975	$2.85B	1.99%
17	VANGUARD INDEX FDS	922908736	5,582,876	$2.72B	1.90%
18	INVESCO QQQ TR	IVZ	4,399,454	$2.70B	1.88%
19	META PLATFORMS INC	META	4,082,258	$2.69B	1.88%
20	ISHARES TR	464287655	10,831,000	$2.67B	1.86%