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Livermore
Livermore
ZHEN

GAM Holding AG

SEC CIK
0001438848
Latest filing
Aug 14, 2026

The latest 13F from GAM Holding AG covers Q2 2026 (filed Aug 14, 2026): 273 long positions worth $1.31B. The top 10 holdings make up 34.0% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 5.4%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
41
Est. +$70.3M
Added
67
Est. +$100.0M
Reduced
126
Est. −$124.2M
Sold out
44
Est. −$42.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    5.4%$70.4MHistory
  2. GOOGLAlphabet Inc.
    5.1%$67.1MHistory
  3. MSFTMicrosoft Corp
    4.0%$51.9MHistory
  4. AAPLApple Inc.
    3.9%$50.9MHistory
  5. AMZNAmazon Com Inc
    3.2%$41.7MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. AZNAstraZeneca PLC
    +$22.7MNewHistory
  2. MUMicron Technology Inc
    +$8.40MAddedHistory
  3. AVGOBroadcom Inc.
    +$7.81MAddedHistory
  4. LTHLife Time Group Holdings, Inc.
    +$6.30MNewHistory
  5. NBISNebius Group N.V.
    +$5.39MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. AZNAstraZeneca PLC
    +1.74 pp0.0% → 1.7%History
  2. MUMicron Technology Inc
    +0.97 pp0.2% → 1.1%History
  3. AVGOBroadcom Inc.
    +0.73 pp2.1% → 2.8%History
  4. GOOGLAlphabet Inc.
    +0.73 pp4.4% → 5.1%History
  5. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +0.65 pp1.2% → 1.9%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. TTETotalEnergies SE
    −$12.5MSold outHistory
  2. DELLDell Technologies Inc.
    −$7.68MReducedHistory
  3. VVisa Inc.
    −$4.60MReducedHistory
  4. PGProcter & Gamble Co
    −$4.12MReducedHistory
  5. IBMInternational Business Machines Corp
    −$3.79MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. TTETotalEnergies SE
    −1.10 pp1.1% → 0.0%History
  2. XOMExxonMobil Holdings Corp
    −0.59 pp1.2% → 0.6%History
  3. PGProcter & Gamble Co
    −0.43 pp1.0% → 0.6%History
  4. VVisa Inc.
    −0.37 pp1.8% → 1.4%History
  5. COPConocoPhillips
    −0.35 pp0.7% → 0.4%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.31B
+$166.4M (+14.6%) vs. prior quarter
Positions
273
−3 vs. prior quarter
Top 10 concentration
34.0%
Top 10 as share of value
Turnover
13.7%
Q2 2026, one quarter
Average holding period
13.3 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.29B (Q2 2021)

Q1 2021: $2.14BQ2 2021: $2.29BQ3 2021: $2.15BQ4 2021: $2.24BQ1 2022: $2.02BQ2 2022: $1.50BQ3 2022: $1.31BQ4 2022: $1.25BQ1 2023: $1.44BQ2 2023: $1.45BQ3 2023: $1.35BQ4 2023: $1.34BQ1 2024: $1.38BQ2 2024: $1.30BQ3 2024: $1.25BQ4 2024: $1.34BQ1 2025: $1.29BQ2 2025: $1.42BQ3 2025: $1.62BQ4 2025: $1.57BQ1 2026: $1.14BQ2 2026: $1.31B
Q1 2021Q2 2026
13F filings of GAM Holding AG by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 2026273$1.31BNVDAGOOGLMSFTvs. Q1 2026SEC
Q1 2026Aug 13, 2026276$1.14BNVDAMSFTGOOGLvs. Q4 2025SEC
Q4 2025Feb 17, 2026288$1.57BMSFTGOOGLNVDAvs. Q3 2025SEC
Q3 2025Oct 21, 2025284$1.62BMSFTNVDAGOOGLvs. Q2 2025SEC
Q2 2025Aug 4, 2025226$1.42BMSFTNVDAGOOGLvs. Q1 2025SEC
Q1 2025Apr 22, 2025176$1.29BMSFTNVDAGOOGLvs. Q4 2024SEC
Q4 2024Jan 31, 2025169$1.34BMSFTGOOGLNVDAvs. Q3 2024SEC
Q3 2024Oct 22, 2024152$1.25BLINMSFTNVDAvs. Q2 2024SEC
Q2 2024Jul 26, 2024159$1.30BMSFTNVDAGOOGLvs. Q1 2024SEC
Q1 2024May 13, 2024168$1.38BMSFTLINNVDAvs. Q4 2023SEC
Q4 2023Jan 23, 2024162$1.34BMSFTLINGOOGLvs. Q3 2023SEC
Q3 2023Oct 16, 2023176$1.35BMSFTGOOGLLINvs. Q2 2023SEC
Q2 2023Jul 27, 2023196$1.45BMSFTGOOGLLINvs. Q1 2023SEC
Q1 2023May 9, 2023204$1.44BMSFTLINGOOGLvs. Q4 2022SEC
Q4 2022Feb 2, 2023200$1.25BMSFTISRGPTCvs. Q3 2022SEC
Q3 2022Oct 19, 2022222$1.31BMSFTGOOGLPTCvs. Q2 2022SEC
Q2 2022Jul 21, 2022253$1.50BMSFTGOOGLPTCvs. Q1 2022SEC
Q1 2022May 6, 2022312$2.02BMSFTGOOGLAKAMvs. Q4 2021SEC
Q4 2021Feb 18, 2022Amended344$2.24BMSFTGOOGLSTXvs. Q3 2021SEC
Q3 2021Nov 12, 2021309$2.15BMSFTGOOGLMETAvs. Q2 2021SEC
Q2 2021Aug 9, 2021300$2.29BMSFTMETAGOOGLvs. Q1 2021SEC
Q1 2021May 10, 2021307$2.14BMSFTMETAGOOGL–SEC

13D and 13G filings

Companies where GAM Holding AG reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

GAM Holding AG does not currently report owning 5% or more of any company.

Latest filings

2 filings on file made by GAM Holding AG or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by GAM Holding AG
CompanyFiled (ET)FormStakeChangeEvent dateFiling
USASAmericas Gold & Silver CorpJan 28, 202213G/AOld format–––SEC
USASAmericas Gold & Silver CorpAug 20, 202113GOld format–New–SEC