13F
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Leonteq Securities AG

13F equity value
$1.7B
Positions
1,194
Top 10 concentration
32.1%
Quarters / total new picks
20 / 1,633
13F equity value over time
$0M$1B$2B2020202120222023202420252026

"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 20 quarters, returned +1.4% per quarter — versus +1.8% per quarter from simply owning every 13F stock. It beat that baseline in only 40.0% of quarters (excess t = -0.99, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-1.1%
t-stat
-0.99
Quarterly win rate
40%
Annualized excess
-2.3%
$1 → follow vs universe
$1.20 vs $1.34
Cumulative return: $1 invested in new picks vs universe
1.00 20210331: universe 1.00920210630: universe 1.09020210930: universe 0.97820211231: universe 0.83220220331: universe 0.89420220630: universe 0.82820220930: universe 0.88920221231: universe 0.82620230331: universe 0.87020230630: universe 0.83920230930: universe 0.95220231231: universe 0.99520240331: universe 1.01720240630: universe 1.11020240930: universe 1.10020241231: universe 1.02720250331: universe 1.11920250630: universe 1.15520250930: universe 1.29820251231: universe 1.343 20210331: follow 1.00820210630: follow 1.11520210930: follow 0.92720211231: follow 0.72820220331: follow 0.79620220630: follow 0.75720220930: follow 0.78220221231: follow 0.73520230331: follow 0.75720230630: follow 0.74920230930: follow 0.86920231231: follow 0.94220240331: follow 0.94820240630: follow 1.03120240930: follow 1.01520241231: follow 0.94320250331: follow 1.02320250630: follow 1.00620250930: follow 1.12220251231: follow 1.202 0.67 1.06 1.45 20212022202320242025 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 1194 · 2026 Q1

Ticker Value Weight QoQ
META $80M
4.9%
TRIM
AMZN $62M
3.8%
TRIM
NVDA $60M
3.6%
TRIM
MSFT $53M
3.2%
ADD
AMD $50M
3.0%
ADD
AAPL $50M
3.0%
TRIM
TSM $48M
2.9%
ADD
MU $45M
2.7%
TRIM
GOOGL $44M
2.6%
TRIM
BABA $38M
2.3%
ADD
AVGO $37M
2.3%
TRIM
ORCL $26M
1.6%
ADD
COIN $22M
1.3%
ADD
ADBE $21M
1.3%
ADD
INTC $20M
1.2%
ADD
UNH $19M
1.2%
ADD
TSLA $18M
1.1%
TRIM
FCX $16M
1.0%
ADD
MRNA $15M
0.9%
TRIM
BE $15M
0.9%
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

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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.