Institutional Manager · CIK 0001637689

Swiss Life Asset Management Ltd

Zurich, V8 · File #028-25895

Latest AUM

$19.21B

Positions

1,705

Top-10 Concentration

57.2%

Filings

Portfolio Value Over Time

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	APPLE INC	AAPL	-2,495,134	-$635.3M	+$94.9M
ADD	AMAZON COM INC	AMZN	+1,726,054	+$379.0M	+$8.2M
EXITED	ISHARES TR	464287234	-5,052,766	-$220.8M	$0
ADD	JOHNSON & JOHNSON	JNJ	+1,032,364	+$191.4M	+$2.4M
ADD	NVIDIA CORPORATION	NVDA	+982,424	+$183.3M	+$527.8M
ADD	MICROSOFT CORP	MSFT	+318,211	+$164.8M	+$279.3M
ADD	ALPHABET INC	GOOG	+491,500	+$119.5M	+$127.2M
REDUCE	MORGAN STANLEY	MS-PQ	-643,401	-$102.3M	+$29.1M
REDUCE	CHEVRON CORP NEW	CVX	-610,991	-$94.9M	-$7.7M
ADD	MASTERCARD INCORPORATED	MA	+165,313	+$94.0M	+$602,431

Sector Allocation

Technology

32.9%$6.33B

Healthcare

8.7%$1.68B

Consumer Discretionary

8.6%$1.66B

Financials

6.9%$1.33B

Industrials

5.9%$1.13B

Communication Services

5.4%$1.05B

3.7%$719.5M

2.1%$399.6M

1.4%$269.9M

1.3%$256.3M

0.6%$110.0M

Filing History

Feb 4, 202613F HOLDINGS REPORTQ/E Dec 20251,877 pos · $19.62B
Dec 29, 202513F HOLDINGS REPORTQ/E Dec 2025736 pos · $9.89B
Dec 29, 202513F HOLDINGS REPORTQ/E Dec 2025734 pos · $6.99B
Dec 29, 202513F HOLDINGS REPORTQ/E Dec 2025540 pos · $2.98B
Dec 29, 202513F HOLDINGS REPORTQ/E Dec 2025597 pos · $3.74B
Dec 29, 202513F HOLDINGS REPORTQ/E Dec 2025687 pos · $6.83B
Dec 29, 202513F HOLDINGS REPORTQ/E Dec 2025211 pos · $4.91B
Dec 29, 202513F HOLDINGS REPORTQ/E Dec 2025664 pos · $6.68B
Dec 29, 202513F HOLDINGS REPORTQ/E Dec 2025520 pos · $5.72B
Dec 29, 202513F HOLDINGS REPORTQ/E Dec 2025691 pos · $7.46B
Dec 29, 202513F HOLDINGS REPORTQ/E Dec 2025653 pos · $7.90B
Dec 29, 202513F HOLDINGS REPORTQ/E Dec 2025354 pos · $2.25B
Dec 29, 202513F HOLDINGS REPORTQ/E Dec 2025818 pos · $7.67B
Dec 29, 202513F HOLDINGS REPORTQ/E Dec 2025623 pos · $4.48B
Dec 29, 202513F HOLDINGS REPORTQ/E Dec 2025662 pos · $6.73B
Dec 29, 202513F HOLDINGS REPORTQ/E Dec 2025317 pos · $2.85B
Dec 29, 202513F HOLDINGS REPORTQ/E Dec 2025861 pos · $8.28B
Dec 29, 202513F HOLDINGS REPORTQ/E Dec 2025806 pos · $5.29B
Dec 29, 202513F HOLDINGS REPORTQ/E Dec 2025811 pos · $7.21B
Dec 29, 202513F HOLDINGS REPORTQ/E Dec 2025399 pos · $2.37B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	NVIDIA CORPORATION	NVDA	7,517,083	$1.40B	12.71%
2	MICROSOFT CORP	MSFT	2,282,535	$1.10B	10.00%
3	APPLE INC	AAPL	3,369,251	$916.0M	8.30%
4	ALPHABET INC	GOOG	1,930,242	$604.2M	5.48%
5	ALPHABET INC	GOOG	1,430,852	$449.0M	4.07%
6	AMAZON COM INC	AMZN	1,834,601	$423.5M	3.84%
7	META PLATFORMS INC	META	632,092	$417.2M	3.78%
8	TESLA INC	TSLA	777,822	$349.8M	3.17%
9	BROADCOM INC	AVGO	1,008,598	$349.1M	3.16%
10	ELI LILLY & CO	LLY	280,149	$301.1M	2.73%
11	VERIZON COMMUNICATIONS INC	VZ	5,712,769	$232.7M	2.11%
12	ALTRIA GROUP INC	MO	3,916,346	$225.8M	2.05%
13	JOHNSON & JOHNSON	JNJ	1,025,294	$212.2M	1.92%
14	VISA INC	V	520,504	$182.5M	1.65%
15	NVIDIA CORPORATION	NVDA	893,058	$166.6M	1.51%
16	PFIZER INC	PFE	6,520,937	$162.4M	1.47%
17	CME GROUP INC	CME	521,523	$142.4M	1.29%
18	JPMORGAN CHASE & CO.	VYLD	422,506	$136.1M	1.23%
19	APPLE INC	AAPL	500,005	$135.9M	1.23%
20	MICROSOFT CORP	MSFT	277,107	$134.0M	1.21%