13F
中
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Vontobel Holding Ltd.

13F equity value
$29.1B
Positions
1,188
Top 10 concentration
24.0%
Quarters / total new picks
19 / 1,128
13F equity value over time
$0M$16B$32B2020202120222023202420252026

"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 19 quarters, returned +3.2% per quarter — versus +2.7% per quarter from simply owning every 13F stock. It beat that baseline in only 42.1% of quarters (excess t = 1.05, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+1.5%
t-stat
1.05
Quarterly win rate
42%
Annualized excess
+1.6%
$1 → follow vs universe
$1.69 vs $1.58
Cumulative return: $1 invested in new picks vs universe
1.00 20210331: universe 1.00920210630: universe 1.09020210930: universe 0.97820220331: universe 1.05020220630: universe 0.97320220930: universe 1.04520221231: universe 0.97120230331: universe 1.02320230630: universe 0.98620230930: universe 1.11920231231: universe 1.16920240331: universe 1.19620240630: universe 1.30420240930: universe 1.29320241231: universe 1.20720250331: universe 1.31620250630: universe 1.35720250930: universe 1.52620251231: universe 1.578 20210331: follow 1.05120210630: follow 1.16420210930: follow 0.99820220331: follow 1.11820220630: follow 1.01220220930: follow 1.07720221231: follow 1.04020230331: follow 1.07320230630: follow 1.02120230930: follow 1.30020231231: follow 1.35220240331: follow 1.31520240630: follow 1.46320240930: follow 1.43520241231: follow 1.34820250331: follow 1.46720250630: follow 1.50720250930: follow 1.72920251231: follow 1.694 0.89 1.38 1.87 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 1188 · 2026 Q1

Ticker Value Weight QoQ
MSFT $1.2B
4.0%
ADD
NVDA $1.0B
3.5%
ADD
AMZN $781M
2.7%
TRIM
WM $673M
2.3%
ADD
GOOGL $621M
2.1%
TRIM
CME $598M
2.1%
ADD
UBS $581M
2.0%
ADD
KO $538M
1.8%
TRIM
AVGO $502M
1.7%
TRIM
BSX $501M
1.7%
ADD
AAPL $479M
1.7%
ADD
MA $469M
1.6%
TRIM
NFLX $464M
1.6%
ADD
LOGI $439M
1.5%
ADD
GOOG $438M
1.5%
TRIM
RBA $424M
1.5%
TRIM
META $423M
1.5%
TRIM
ALC $405M
1.4%
ADD
TSM $379M
1.3%
TRIM
INTU $373M
1.3%
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

ALSNAMCRANIXANNXARATATATECAURAAVPTBBDBCRXBITFBKSYBLDBLNDBNSBRRBXPCHEFCLFCMDYCMPSCOCOCOPXCOTYCPNGEEMAEQNREWJVFAS

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.