Gam Ag 13F annual report

Gam Ag is an investment fund managing more than $1.3 trillion ran by David Kemp. There are currently 158 companies in Mr. Kemp’s portfolio. The largest investments include Microsoft and NVIDIA Corp, together worth $153 billion.

Limited to 30 biggest holdings

$1.3 trillion Assets Under Management (AUM)

As of 19th July 2024, Gam Ag’s top holding is 186,001 shares of Microsoft currently worth over $83.1 billion and making up 6.4% of the portfolio value. Relative to the number of outstanding shares of Microsoft, Gam Ag owns more than approximately 0.1% of the company. In addition, the fund holds 561,902 shares of NVIDIA Corp worth $69.4 billion, whose value fell 79.8% in the past six months. The third-largest holding is Alphabet Inc worth $71.2 billion and the next is Linde Plc worth $68.2 billion, with 155,353 shares owned.

Currently, Gam Ag's portfolio is worth at least $1.3 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Gam Ag

The Gam Ag office and employees reside in Zurich, Switzerland. According to the last 13-F report filed with the SEC, David Kemp serves as the Group Head Legal & Compliance at Gam Ag.

Recent trades

In the most recent 13F filing, Gam Ag revealed that it had opened a new position in Costco Whsl Corp New and bought 14,908 shares worth $12.7 billion.

The investment fund also strengthened its position in NVIDIA Corp by buying 503,435 additional shares. This makes their stake in NVIDIA Corp total 561,902 shares worth $69.4 billion. NVIDIA Corp dropped 72.8% in the past year.

On the other hand, there are companies that Gam Ag is getting rid of from its portfolio. Gam Ag closed its position in Tjx Cos Inc New on 26th July 2024. It sold the previously owned 324,084 shares for $28.8 billion. David Kemp also disclosed a decreased stake in Microsoft by 0.1%. This leaves the value of the investment at $83.1 billion and 186,001 shares.

One of the largest hedge funds

The two most similar investment funds to Gam Ag are Cidel Asset Management Inc and Fernbridge Capital Management L.P.. They manage $1.3 trillion and $1.3 trillion respectively.


David Kemp investment strategy

Gam Ag’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Technology — making up 35.9% of the total portfolio value. The fund focuses on investments in the United States as 57.6% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 59% of the total holdings value. On the other hand, small-cap stocks make up only 0.6% of the portfolio. The average market cap of the portfolio companies is close to $133 billion.

The complete list of Gam Ag trades based on 13F SEC filings

These positions were updated on July 26th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Microsoft Corporation
13.51%
186,001
$83,132,977,000 6.38%
NVIDIA Corp
861.06%
561,902
$69,417,329,000 5.33%
Alphabet Inc
14.25%
390,847
$71,208,730,000 5.46%
Linde Plc.
1.88%
155,353
$68,170,647,000 5.23%
Meta Platforms Inc
5.75%
89,288
$45,020,810,000 3.45%
Amazon.com Inc.
38.39%
205,139
$39,643,174,000 3.04%
Apple Inc
74.51%
162,234
$34,169,799,000 2.62%
Oracle Corp.
13.13%
209,883
$29,635,502,000 2.27%
Tjx Cos Inc New
Closed
324,084
$28,804,603,000
Deckers Outdoor Corp.
Closed
54,536
$28,036,253,000
Intuitive Surgical Inc
14.95%
49,602
$22,065,632,000 1.69%
Visa Inc
35.98%
83,962
$22,037,391,000 1.69%
Netflix Inc.
36.44%
26,451
$17,851,440,000 1.37%
Eli Lilly & Co
35.80%
19,301
$17,474,912,000 1.34%
Exxon Mobil Corp.
4.70%
149,949
$17,262,075,000 1.32%
Taiwan Semiconductor Mfg Ltd
101.73%
99,282
$17,256,204,000 1.32%
Hilton Worldwide Holdings Inc
62.45%
76,223
$16,631,849,000 1.28%
Adobe Inc
42.60%
27,936
$15,519,365,000 1.19%
Microstrategy Inc.
Closed
45,724
$15,010,275,000
JPMorgan Chase & Co.
6.53%
73,814
$14,929,660,000 1.15%
Marriott Intl Inc New
64.26%
61,356
$14,834,004,000 1.14%
Unitedhealth Group Inc
8.78%
27,238
$13,871,168,000 1.06%
Fiserv, Inc.
0.34%
89,549
$13,346,386,000 1.02%
Vanguard Index Fds
32.65%
26,340
$13,173,424,000 1.01%
Brown-Forman Corporation
Closed
225,439
$13,005,584,000
Disney Walt Co
1.83%
128,976
$12,805,982,000 0.98%
Conocophillips
5.88%
110,821
$12,675,698,000 0.97%
Costco Whsl Corp New
Opened
14,908
$12,671,260,000 0.97%
Markel Group Inc
0.19%
8,026
$12,646,736,000 0.97%
Merck & Co Inc
28.75%
101,403
$12,553,709,000 0.96%
Fastly Inc
Closed
648,140
$12,424,844,000
On Hldg Ag
Opened
308,700
$11,977,560,000 0.92%
Microchip Technology, Inc.
2.29%
130,726
$11,961,413,000 0.92%
Vmware Inc.
Closed
71,199
$11,853,245,000
Ralph Lauren Corp
Opened
67,400
$11,799,044,000 0.91%
Splunk Inc
Closed
79,914
$11,687,442,000
Micron Technology Inc.
332.13%
86,249
$11,344,370,000 0.87%
Hyatt Hotels Corporation
Opened
73,801
$11,211,860,000 0.86%
Cloudflare Inc
Closed
173,916
$10,963,678,000
Uber Technologies Inc
47.66%
149,538
$10,868,458,000 0.83%
Booking Holdings Inc
4.27%
2,648
$10,489,299,000 0.80%
Broadcom Inc
45.29%
6,445
$10,348,363,000 0.79%
Mastercard Incorporated
11.75%
23,336
$10,294,817,000 0.79%
Intuit Inc
163.66%
15,440
$10,147,092,000 0.78%
Eog Res Inc
5.46%
80,085
$10,080,270,000 0.77%
Schwab Charles Corp
8.38%
136,711
$10,074,219,000 0.77%
Bristol-Myers Squibb Co.
117.54%
240,276
$9,978,668,000 0.77%
TE Connectivity Ltd
0.29%
65,072
$9,788,831,000 0.75%
ServiceNow Inc
44.93%
12,393
$9,749,099,000 0.75%
Infosys Ltd
9.86%
517,508
$9,635,999,000 0.74%
Nxp Semiconductors N V
14.09%
35,686
$9,602,770,000 0.74%
Ermenegildo Zegna N V
Opened
806,500
$9,548,960,000 0.73%
Public Storage Oper Co
10.58%
32,939
$9,474,831,000 0.73%
Seagate Technology Hldngs Pl
53.24%
91,721
$9,471,999,000 0.73%
Vail Resorts Inc.
Closed
41,428
$9,192,472,000
Cisco Sys Inc
3.97%
191,415
$9,094,134,000 0.70%
Keurig Dr Pepper Inc
Opened
269,421
$8,998,655,000 0.69%
Electronic Arts, Inc.
1.18%
63,622
$8,864,457,000 0.68%
United Parcel Service, Inc.
Opened
63,379
$8,673,454,000 0.67%
Aflac Inc.
4.05%
97,019
$8,664,766,000 0.66%
Medtronic Plc
2.83%
108,890
$8,570,711,000 0.66%
Elevance Health Inc
0.75%
15,620
$8,463,599,000 0.65%
Altria Group Inc.
Closed
201,248
$8,462,474,000
OneSpaWorld Holdings Limited
Opened
540,500
$8,307,485,000 0.64%
Johnson & Johnson
36.46%
56,191
$8,212,909,000 0.63%
Sharkninja Inc
Opened
108,840
$8,179,326,000 0.63%
Workday Inc
Closed
37,945
$8,152,571,000
Dell Technologies Inc
83.63%
58,735
$8,100,177,000 0.62%
Huntington Bancshares, Inc.
3.43%
576,970
$7,604,459,000 0.58%
KLA Corp.
30.74%
9,218
$7,600,506,000 0.58%
Trip.com Group Ltd
32.65%
150,421
$7,069,787,000 0.54%
Applied Matls Inc
16.66%
29,599
$6,985,004,000 0.54%
Snowflake Inc.
Opened
51,655
$6,978,093,000 0.54%
Haleon Plc
5.50%
842,393
$6,958,166,000 0.53%
Mosaic Co New
Closed
193,873
$6,901,869,000
Pure Storage Inc
Closed
183,700
$6,543,394,000
Nike, Inc.
67.04%
86,679
$6,532,979,000 0.50%
Full Truck Alliance Co. Ltd.
25.06%
780,793
$6,277,576,000 0.48%
Accenture Plc Ireland
Closed
20,019
$6,147,903,000
Booz Allen Hamilton Hldg Cor
33.60%
39,294
$6,047,359,000 0.46%
Regions Financial Corp.
Closed
343,858
$5,914,352,000
Centene Corp.
1.89%
88,685
$5,879,796,000 0.45%
Cadence Design System Inc
45.22%
18,441
$5,675,365,000 0.44%
Analog Devices Inc.
42.88%
24,842
$5,670,382,000 0.44%
MongoDB Inc
Closed
16,339
$5,650,955,000
Dexcom Inc
41.43%
49,791
$5,645,320,000 0.43%
PayPal Holdings Inc
26.82%
94,934
$5,509,005,000 0.42%
Us Bancorp Del
4.01%
128,539
$5,103,011,000 0.39%
Expedia Group Inc
16.54%
40,284
$5,075,395,000 0.39%
Thermo Fisher Scientific Inc.
37.54%
9,148
$5,058,883,000 0.39%
PTC Inc
76.10%
27,414
$4,980,272,000 0.38%
Gilead Sciences, Inc.
3.58%
71,090
$4,877,458,000 0.37%
Abbott Labs
Closed
48,884
$4,734,384,000
Caterpillar Inc.
Opened
13,958
$4,649,360,000 0.36%
Verisk Analytics Inc
16.77%
17,172
$4,628,818,000 0.36%
Airbnb, Inc.
68.92%
30,321
$4,597,497,000 0.35%
Fedex Corp
Closed
16,879
$4,471,656,000
Nasdaq Inc
19.02%
73,424
$4,424,504,000 0.34%
iQIYI Inc
Closed
889,442
$4,215,954,000
Vertex Pharmaceuticals, Inc.
21.61%
8,910
$4,176,356,000 0.32%
Alibaba Group Hldg Ltd
Closed
48,133
$4,175,056,000
Progressive Corp.
20.81%
20,074
$4,169,552,000 0.32%
Toll Brothers Inc.
Opened
35,220
$4,056,640,000 0.31%
Lam Research Corp.
20.40%
3,804
$4,050,807,000 0.31%
Coca-Cola Co
11.82%
62,878
$4,002,201,000 0.31%
Signet Jewelers Limited
Opened
44,600
$3,995,268,000 0.31%
Marvell Technology Inc
50.69%
55,959
$3,911,503,000 0.30%
Miniso Group Hldg Ltd
Closed
151,006
$3,911,043,000
Ametek Inc
Opened
23,289
$3,882,591,000 0.30%
Citigroup Inc
Closed
93,331
$3,838,710,000
Vipshop Hldgs Ltd
Closed
228,020
$3,650,597,000
Newmont Corp
Closed
94,778
$3,502,042,000
Stryker Corp.
Opened
10,073
$3,427,386,000 0.26%
Warner Bros.Discovery Inc
4.87%
456,248
$3,394,485,000 0.26%
Danaher Corp.
19.87%
13,396
$3,346,921,000 0.26%
AMGEN Inc.
Closed
12,280
$3,300,381,000
Gallagher Arthur J & Co
15.81%
12,720
$3,298,462,000 0.25%
Arm Holdings Plc
Opened
20,098
$3,288,435,000 0.25%
Eaton Corp Plc
Opened
10,458
$3,278,949,000 0.25%
Lauder Estee Cos Inc
72.90%
30,808
$3,277,921,000 0.25%
Motorola Solutions Inc
Opened
8,389
$3,238,558,000 0.25%
Roper Technologies Inc
13.11%
5,572
$3,140,460,000 0.24%
Synopsys, Inc.
14.10%
5,202
$3,095,276,000 0.24%
Dr Reddys Labs Ltd
Closed
46,000
$3,076,020,000
Honeywell International Inc
58.61%
14,171
$3,026,180,000 0.23%
Texas Instrs Inc
16.46%
15,518
$3,018,641,000 0.23%
Home Depot, Inc.
55.25%
8,667
$2,983,370,000 0.23%
Regeneron Pharmaceuticals, Inc.
17.16%
2,587
$2,718,552,000 0.21%
Republic Svcs Inc
0.20%
13,245
$2,574,078,000 0.20%
Whirlpool Corp.
Closed
19,244
$2,572,982,000
Qualcomm, Inc.
Closed
22,662
$2,516,871,000
Rockwell Automation Inc
21.99%
9,108
$2,507,173,000 0.19%
HDFC Bank Ltd.
69.05%
38,000
$2,444,540,000 0.19%
Gartner, Inc.
Opened
5,400
$2,424,857,000 0.19%
S&P Global Inc
14.90%
5,409
$2,412,236,000 0.19%
Idexx Labs Inc
18.53%
4,893
$2,383,855,000 0.18%
Carrier Global Corporation
Closed
42,790
$2,362,004,000
Amphenol Corp.
88.63%
34,715
$2,338,720,000 0.18%
Wipro Ltd.
Opened
380,000
$2,318,000,000 0.18%
Union Pac Corp
12.17%
10,217
$2,311,807,000 0.18%
Icici Bank Limited
2.08%
80,000
$2,304,800,000 0.18%
Henry Jack & Assoc Inc
Closed
14,788
$2,235,046,000
Omnicell Com
54.83%
82,343
$2,229,025,000 0.17%
Autohome Inc
128.55%
80,000
$2,196,000,000 0.17%
Kanzhun Limited
Opened
115,000
$2,163,150,000 0.17%
Simon Ppty Group Inc New
Closed
20,009
$2,161,528,000
Pfizer Inc.
Closed
63,833
$2,117,350,000
Waste Mgmt Inc Del
Closed
13,783
$2,101,033,000
Wix.com Ltd
Opened
12,991
$2,066,478,000 0.16%
Edwards Lifesciences Corp
19.82%
21,505
$1,986,443,000 0.15%
BP plc
2.12%
54,939
$1,983,298,000 0.15%
ON Semiconductor Corp.
Closed
20,465
$1,902,253,000
Icon Plc
4.05%
5,970
$1,871,416,000 0.14%
BWX Technologies Inc
0.33%
19,241
$1,827,895,000 0.14%
Crowdstrike Holdings Inc
92.58%
4,636
$1,776,637,000 0.14%
Boston Scientific Corp.
36.53%
22,722
$1,749,814,000 0.13%
Keysight Technologies Inc
Closed
12,499
$1,653,702,000
Ingersoll Rand Inc.
Opened
17,727
$1,610,283,000 0.12%
Renew Energy Global Plc
Opened
250,000
$1,560,000,000 0.12%
Copart, Inc.
Opened
26,926
$1,458,288,000 0.11%
Celestica, Inc.
Opened
25,083
$1,438,008,000 0.11%
BorgWarner Inc
Closed
35,066
$1,415,621,000
Air Prods & Chems Inc
Closed
4,845
$1,373,033,000
Cigna Group (The)
Closed
4,781
$1,367,638,000
Vanguard Intl Equity Index F
41.95%
31,000
$1,356,560,000 0.10%
Deere & Co.
Opened
3,625
$1,354,521,000 0.10%
IQVIA Holdings Inc
0.41%
6,391
$1,351,381,000 0.10%
Fortinet Inc
40.41%
21,356
$1,287,150,000 0.10%
Horizon Therapeutics Pub L
Closed
11,056
$1,279,036,000
Sysco Corp.
40.03%
17,781
$1,269,373,000 0.10%
Tencent Music Entmt Group
Opened
88,000
$1,236,400,000 0.09%
Activision Blizzard Inc
Closed
12,071
$1,130,175,000
Match Group Inc.
Closed
27,883
$1,092,329,000
National Instrs Corp
Closed
18,000
$1,073,160,000
JOYY Inc
Closed
28,003
$1,067,179,000
Lululemon Athletica inc.
94.63%
3,430
$1,024,460,000 0.08%
Hormel Foods Corp.
Closed
26,026
$989,765,000
Darden Restaurants, Inc.
Opened
6,533
$988,549,000 0.08%
Starbucks Corp.
Closed
10,800
$985,727,000
Pnm Res Inc
Closed
20,400
$910,044,000
Corteva Inc
69.67%
15,809
$852,716,000 0.07%
FMC Corp.
Closed
12,382
$829,242,000
Liberty Broadband Corp
Opened
15,000
$822,300,000 0.06%
Fair Isaac Corp.
Opened
551
$819,641,000 0.06%
Aptiv PLC
Opened
11,292
$795,216,000 0.06%
Denbury Inc.
Closed
7,250
$710,573,000
Cf Inds Hldgs Inc
61.60%
9,495
$703,803,000 0.05%
Live Nation Entertainment In
Opened
7,118
$667,224,000 0.05%
West Pharmaceutical Svsc Inc
Opened
1,886
$621,144,000 0.05%
Moderna Inc
9.36%
5,172
$614,143,000 0.05%
Capri Holdings Limited
81.82%
18,000
$595,440,000 0.05%
Darling Ingredients Inc
0.36%
15,480
$568,890,000 0.04%
Futu Hldgs Ltd
Opened
8,001
$524,927,000 0.04%
Circor International Inc
Closed
8,300
$462,725,000
Maravai Lifesciences Hldgs I
Closed
42,198
$421,980,000
Sphere Entertainment Co
Opened
12,000
$420,720,000 0.03%
Seagen Inc
Closed
1,934
$410,235,000
Hostess Brands, Inc.
Closed
11,400
$379,734,000
Sovos Brands Inc
Closed
16,800
$378,840,000
Southwestern Energy Company
Opened
50,000
$336,500,000 0.03%
Canada Goose Holdings Inc
Opened
25,000
$323,250,000 0.02%
Yum China Holdings Inc
Closed
5,344
$297,783,000
Albertsons Cos Inc
69.25%
15,008
$296,412,000 0.02%
Amedisys Inc.
34.07%
3,000
$275,400,000 0.02%
Tabula Rasa HealthCare Inc
Closed
26,300
$271,153,000
Earthstone Energy Inc
Closed
13,300
$269,192,000
Axonics Inc
Opened
4,000
$268,920,000 0.02%
Discover Finl Svcs
Opened
2,006
$262,400,000 0.02%
Screaming Eagle Acquisitn Co
Closed
23,900
$249,994,000
Gores Holdings Ix Inc
Closed
24,000
$249,360,000
Catalent Inc.
Opened
4,004
$225,162,000 0.02%
Banco Bradesco S.A.
Opened
100,000
$224,000,000 0.02%
Coinbase Global Inc
99.45%
1,004
$223,210,000 0.02%
Argo Group Intl Hldgs Ltd
Closed
7,000
$208,880,000
Cerevel Therapeutics Hldng I
Opened
5,000
$204,450,000 0.02%
Northern Dynasty Minerals Lt
Opened
500,000
$155,250,000 0.01%
Computer Task Group, Inc.
Closed
15,000
$154,950,000
Cadiz Inc.
Opened
50,000
$154,500,000 0.01%
Hersha Hospitality Tr
Closed
15,500
$152,830,000
Greenhill & Co Inc
Closed
10,040
$148,592,000
No transactions found
Showing first 500 out of 220 holdings