Institutional Manager · CIK 0002096459
Kepler Cheuvreux (Suisse) SA
NYON, V8 · File #028-25848
Latest AUM
$1.77B
Positions
199
Top-10 Concentration
31.4%
Filings
2
Portfolio Value Over Time
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 |
|---|---|---|---|---|---|
| ADD | ROYAL BANK OF CANADA | 780087102 | +120,341 | +$28.2M | +$101,514 |
| ADD | CANADIAN IMPERIAL BANK | CNDIF | +205,866 | +$25.6M | +$35,817 |
| ADD | MICROSOFT CORP | MSFT | +52,490 | +$25.4M | -$40,738 |
| ADD | VISA INC | V | +70,063 | +$24.6M | +$16,105 |
| ADD | MASTERCARD INC | MA | +40,749 | +$23.3M | +$1,966 |
| ADD | CISCO SYSTEMS INC | CSCO | +260,094 | +$20.0M | +$59,521 |
| ADD | TJX COMPANIES INC | 872540109 | +127,026 | +$19.5M | +$9,445 |
| ADD | META PLATFORMS INC | META | +28,202 | +$18.6M | -$59,043 |
| ADD | BOOKING HOLDINGS INC | BKNG | +3,472 | +$18.6M | -$3,687 |
| ADD | CARDINAL HEALTH INC | CAH | +84,671 | +$17.4M | +$93,916 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025199 pos · $1.77B
- 13F HOLDINGS REPORTQ/E Sep 2025253 pos · $1.86B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | NVIDIA CORP | NVDA | 223,247 | $41.6M | 4.00% |
| 2 | CISCO SYSTEMS INC | CSCO | 536,386 | $41.3M | 3.97% |
| 3 | MICROSOFT CORP | MSFT | 84,861 | $41.0M | 3.95% |
| 4 | APPLE INC | AAPL | 124,314 | $33.8M | 3.25% |
| 5 | ALPHABET INC | GOOG | 96,701 | $30.3M | 2.91% |
| 6 | ROYAL BANK OF CANADA | 780087102 | 123,808 | $29.0M | 2.79% |
| 7 | CARDINAL HEALTH INC | CAH | 140,970 | $29.0M | 2.79% |
| 8 | MASTERCARD INC | MA | 47,908 | $27.3M | 2.63% |
| 9 | VISA INC | V | 77,558 | $27.2M | 2.62% |
| 10 | CANADIAN IMPERIAL BANK | CNDIF | 208,557 | $26.0M | 2.50% |
| 11 | MICROSOFT CORP | MSFT | 53,676 | $26.0M | 2.50% |
| 12 | VISA INC | V | 71,760 | $25.2M | 2.42% |
| 13 | TJX COMPANIES INC | 872540109 | 161,898 | $24.9M | 2.39% |
| 14 | MASTERCARD INC | MA | 41,694 | $23.8M | 2.29% |
| 15 | META PLATFORMS INC | META | 35,115 | $23.2M | 2.23% |
| 16 | FOX CORP | FOX | 307,298 | $22.5M | 2.16% |
| 17 | ALPHABET INC | GOOG | 67,408 | $21.2M | 2.03% |
| 18 | CISCO SYSTEMS INC | CSCO | 266,999 | $20.6M | 1.98% |
| 19 | BOOKING HOLDINGS INC | BKNG | 3,812 | $20.4M | 1.96% |
| 20 | TJX COMPANIES INC | 872540109 | 128,065 | $19.7M | 1.89% |