Institutional Manager · CIK 0001910168

Ameliora Wealth Management Ltd.

ZURICH, V8 · File #028-21671

Latest AUM

$328.3M

Positions

227

Top-10 Concentration

55.6%

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	T-MOBILE US INC	TMUSZ	-60,000	-$12.2M	-$2.2M
ADD	ISHARES TR	464288646	+89,710	+$4.7M	-$18,071
ADD	VANGUARD INTL EQUITY INDEX F	922042742	+25,843	+$3.6M	+$10,122
ADD	ETFS GOLD TR	00326A104	+80,074	+$3.3M	+$2.2M
ADD	ISHARES TR	464287200	+4,449	+$3.0M	+$469,106
NEW	AFFIRM HLDGS INC	AFRM	+40,000	+$3.0M	$0
ADD	ISHARES TR	464288638	+41,827	+$2.3M	-$70,931
ADD	ISHARES TR	464287226	+16,805	+$1.7M	-$45,690
ADD	ISHARES TR	46435G219	+26,620	+$1.2M	-$209,047
ADD	ISHARES TR	464289438	+3,297	+$913,071	+$112,080

Sector Allocation

Technology

9.1%$29.9M

Financials

5.4%$17.8M

Consumer Discretionary

1.5%$4.9M

Consumer Staples

1.4%$4.6M

Healthcare

1.4%$4.4M

Communication Services

0.7%$2.2M

0.3%$1.1M

0.3%$893,611

0.1%$264,659

0.0%$120,501

0.0%$10,598

Filing History

Jan 21, 202613F HOLDINGS REPORTQ/E Dec 2025227 pos · $328.3M
Nov 12, 202513F HOLDINGS REPORTQ/E Sep 2025221 pos · $300.3M
Jul 23, 202513F HOLDINGS REPORTQ/E Jun 2025214 pos · $279.6M
Apr 15, 202513F HOLDINGS REPORTQ/E Mar 2025238 pos · $265.9M
Jan 28, 202513F HOLDINGS REPORTQ/E Dec 2024238 pos · $266.5M
Oct 11, 202413F HOLDINGS REPORTQ/E Sep 2024163 pos · $239.9M
Jul 16, 202413F HOLDINGS REPORTQ/E Jun 2024182 pos · $220.3M
Apr 16, 202413F HOLDINGS REPORTQ/E Mar 2024195 pos · $220.6M
Oct 10, 202313F HOLDINGS REPORTQ/E Dec 2023214 pos · $168.6M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	46435G219	569,177	$26.0M	8.72%
2	ETFS GOLD TR	00326A104	588,218	$24.2M	8.11%
3	ISHARES TR	464287200	34,443	$23.6M	7.92%
4	ISHARES TR	464288638	379,592	$20.5M	6.86%
5	SPDR SERIES TRUST	78468R200	633,135	$19.5M	6.53%
6	ISHARES TR	464287226	140,291	$14.0M	4.70%
7	ISHARES TR	464288646	210,184	$11.1M	3.73%
8	ISHARES TR	464289438	37,364	$10.3M	3.47%
9	SPDR S&P 500 ETF TR	SPY	12,127	$8.3M	2.78%
10	NVIDIA CORPORATION	NVDA	43,649	$8.1M	2.73%
11	VANGUARD INTL EQUITY INDEX F	922042874	93,944	$7.9M	2.64%
12	FIRST TR EXCHANGE TRADED FD	33737A108	44,988	$6.9M	2.31%
13	INVESCO QQQ TR	IVZ	10,921	$6.7M	2.25%
14	BROADCOM INC	AVGO	17,353	$6.0M	2.02%
15	MICROSOFT CORP	MSFT	11,930	$5.8M	1.94%
16	ISHARES SILVER TR	SLV	86,670	$5.6M	1.87%
17	APPLE INC	AAPL	20,272	$5.5M	1.85%
18	DBX ETF TR	233051507	54,079	$5.1M	1.72%
19	ALPHABET INC	GOOG	15,779	$4.9M	1.66%
20	ISHARES INC	464286806	107,209	$4.6M	1.53%