UBS
UBS declares $462.8B in 227 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 34.6% of its $1.3T 13F portfolio. Largest positions: NVIDIA (1.2% of the company) and Apple (1.1% of the company). It is a private wealth platform: it holds shares for many client accounts, so its trades are left out of the quarter's moves on /holders. Over time: $462.8B in 227 of these companies for Q2 2026, against $37.2B in 167 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $11.5B and sold $26.4B of these stocks, at the quarter's prices: a net sale of $14.9B.
Performance of its AI picks
The AI-stock portfolio UBS declared for Q2 2026 (Form 13F), held unchanged, returned +3.3% in Q3 2026 (SMH -7.1%). Over the last 12 months, quarter after quarter: +33.2% (SMH +87.2%). Over three years, quarter after quarter: +167.1% (SMH +325.8%). Over five years, quarter after quarter: +180.0% (SMH +389.8%). Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.
Largest positions
- NVIDIA (NVDA): $55.5B, 277.5M shares, 1.2% of the company, 4.2% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
- Apple (AAPL): $45.1B, 155.8M shares, 1.1% of the company, 3.4% of its portfolio (added this quarter); held since Q4 2019 or earlier
- Alphabet (GOOGL): $42.0B, 118.1M shares, 0.96% of the company, 3.1% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
- Microsoft (MSFT): $37.4B, 100.3M shares, 1.4% of the company, 2.8% of its portfolio (added this quarter); held since Q4 2019 or earlier
- Amazon (AMZN): $24.8B, 104.2M shares, 0.96% of the company, 1.9% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
- Broadcom (AVGO): $24.7B, 65.3M shares, 1.4% of the company, 1.8% of its portfolio (added this quarter); held since Q4 2019 or earlier
- Micron (MU): $17.3B, 15.0M shares, 1.3% of the company, 1.3% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
- AMD (AMD): $13.8B, 23.7M shares, 1.4% of the company, 1.0% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
- Meta Platforms (META): $12.0B, 21.4M shares, 0.84% of the company, 0.90% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
- Applied Materials (AMAT): $9.5B, 13.1M shares, 1.7% of the company, 0.71% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
- Intel (INTC): $9.2B, 65.7M shares, 1.2% of the company, 0.69% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
- Lam Research (LRCX): $8.8B, 20.2M shares, 1.6% of the company, 0.66% of its portfolio (added this quarter); held since Q4 2019 or earlier
- Cisco (CSCO): $8.4B, 71.2M shares, 1.8% of the company, 0.63% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
- TSMC (TSM): $6.5B, 13.6M shares, 0.26% of the company, 0.49% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
- Palo Alto Networks (PANW): $5.3B, 15.5M shares, 1.9% of the company, 0.40% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
By sector
- Cloud & AI giants: $162.3B, 35% of its AI holdings, 6 companies
- Chips & compute: $131.5B, 28% of its AI holdings, 38 companies
- Power, electrical & cooling: $38.2B, 8% of its AI holdings, 47 companies
- AI software: $33.9B, 7% of its AI holdings, 31 companies
- Equipment & test: $29.7B, 6% of its AI holdings, 30 companies
- Memory & storage: $26.0B, 6% of its AI holdings, 7 companies
- Interconnect: $16.0B, 3% of its AI holdings, 11 companies
- Neoclouds & data centers: $10.1B, 2% of its AI holdings, 31 companies
- Servers & systems: $9.6B, 2% of its AI holdings, 12 companies
- Optics: $5.3B, 1% of its AI holdings, 14 companies
Biggest changes this quarter
- trimmed Intel (INTC): -$2.0B at the quarter's price
- trimmed AMD (AMD): -$1.9B at the quarter's price
- added to Equinix (EQIX): +$1.4B at the quarter's price
- added to Microsoft (MSFT): +$1.3B at the quarter's price
- trimmed Seagate (STX): -$1.2B at the quarter's price
- trimmed Trane (TT): -$1.1B at the quarter's price
- trimmed Eaton (ETN): -$1.1B at the quarter's price
- trimmed Qualcomm (QCOM): -$1.1B at the quarter's price
- trimmed Accenture (ACN): -$989.6M at the quarter's price
- trimmed Amazon (AMZN): -$978.2M at the quarter's price
Other holders of this size
- Bank of America: $385.2B in 223 of these companies
- Norges Bank: $478.8B in 161 of these companies
- Northern Trust: $373.8B in 224 of these companies
- T. Rowe Price: $529.7B in 215 of these companies
- Goldman Sachs: $353.8B in 225 of these companies
- Morgan Stanley: $627.0B in 227 of these companies
- Charles Schwab: $263.5B in 216 of these companies
- Invesco: $683.3B in 220 of these companies
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