13F
中
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Bank Julius Baer & Co. Ltd, Zurich

13F equity value
$33.2B
Positions
678
Top 10 concentration
34.7%
Quarters / total new picks
22 / 916
13F equity value over time
$0M$8.3T$16.6T2020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 22 quarters, returned +0.7% per quarter — versus +2.9% per quarter from simply owning every 13F stock. It beat that baseline in only 27.3% of quarters (excess t = -1.56, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-2.3%
t-stat
-1.56
Quarterly win rate
27%
Annualized excess
-9.5%
$1 → follow vs universe
$1.05 vs $1.72
Cumulative return: $1 invested in new picks vs universe
1.00 20200930: universe 1.22620201231: universe 1.28220210331: universe 1.29420210630: universe 1.39720210930: universe 1.25420211231: universe 1.06720220331: universe 1.14620220630: universe 1.06220220930: universe 1.14020221231: universe 1.05920230331: universe 1.11620230630: universe 1.07620230930: universe 1.22120231231: universe 1.27620240331: universe 1.30520240630: universe 1.42320240930: universe 1.41120241231: universe 1.31720250331: universe 1.43620250630: universe 1.48120250930: universe 1.66520251231: universe 1.723 20200930: follow 1.18420201231: follow 1.14720210331: follow 1.15020210630: follow 1.21020210930: follow 0.99820211231: follow 0.78620220331: follow 0.88020220630: follow 0.76220220930: follow 0.77620221231: follow 0.73920230331: follow 0.76120230630: follow 0.75020230930: follow 0.83920231231: follow 0.85720240331: follow 0.87920240630: follow 0.94720240930: follow 0.92920241231: follow 0.92820250331: follow 0.95020250630: follow 0.90320250930: follow 1.01420251231: follow 1.053 0.68 1.27 1.86 202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 678 · 2026 Q1

Ticker Value Weight QoQ
GOOGL $2.0B
6.1%
TRIM
NVDA $1.7B
5.1%
TRIM
MSFT $1.6B
4.7%
TRIM
AAPL $1.4B
4.2%
TRIM
META $925M
2.8%
TRIM
SPY $905M
2.7%
TRIM
AMZN $810M
2.4%
HOLD
LLY $809M
2.4%
ADD
V $690M
2.1%
TRIM
JNJ $675M
2.0%
ADD
PG $653M
2.0%
HOLD
MA $610M
1.8%
TRIM
JPM $588M
1.8%
TRIM
WMT $585M
1.8%
ADD
NFLX $518M
1.6%
TRIM
COST $488M
1.5%
TRIM
CSCO $472M
1.4%
ADD
LRCX $466M
1.4%
ADD
CAT $463M
1.4%
ADD
COP $457M
1.4%
ADD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

ALNYAMKRAPOARESATIAUPHBKRBXCASYCCJCDECEGCGCOTYCRSCTRADALDHTDVNEMLCEMXCERICEUADEWWFFISFNVFRDMFUTUGD

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.