ADAPT Investment Managers SA
Geneva, V8
$441m in 27 US stocks at the end of 30 June 2026. The top 10 are 75.8% of the money. It changed about 59.3% of the portfolio this quarter.
Value
$441m
Stocks
27
Top 10 share
75.8%
Turnover
59.3%
What changed this quarter
New
Bought for the first time this quarter.
- Vaneck ETF TrustSMH9.5% of the fund
- Kraneshares TrustKWEB6.6% of the fund
- IsharesEWJ4.3% of the fund
- AlphabetGOOG4.3% of the fund
- PfizerPFE2.5% of the fund
- Verizon CommunicationsVZ1.0% of the fund
- ConocoPhillipsCOP0.8% of the fund
- Analog DevicesADI<0.1% of the fund
Added
Bought more of a stock they already held.
- NvidiaNVDA13.4% of the fund+329%
- MicrosoftMSFT11.0% of the fund+197%
- BroadcomAVGO9.0% of the fund+13018%
- Meta PlatformsMETA8.0% of the fund+13%
- Spdr Gold TRGLD5.9% of the fund+75%
- NikeNKE2.9% of the fund+249%
- Palantir TechnologiesPLTR2.9% of the fund+36103%
- AutodeskADSK2.5% of the fund+339%
- OracleORCL2.2% of the fund+30%
- AppleAAPL1.3% of the fund+462%
- Wynn ResortsWYNN<0.1% of the fund+3551%
Cut
Sold some of their stake.
- Amazon.comAMZN3.9% of the fund-63%
- Texas InstrumentsTXN3.5% of the fund-65%
- Gilead SciencesGILD1.1% of the fund-39%
- TeslaTSLA0.3% of the fund-92%
- SalesforceCRM0.2% of the fund-77%
- Royal Caribbean CruisesRCL0.1% of the fund-87%
Sold out
Sold their entire stake.
- International Business MachinesIBM-100%
- Advanced Micro DevicesAMD-100%
- Eli LillyLLY-100%
- UnitedHealth GroupUNH-100%
- Bank of AmericaBAC-100%
- JPMorgan ChaseJPM-100%
- Berkshire HathawayBRK-B-100%
- AdobeADBE-100%
- HPHPQ-100%
- QualcommQCOM-100%
- StarbucksSBUX-100%
- CitigroupC-100%
- Booking HoldingsBKNG-100%
- AirbnbABNB-100%
- Cisco SystemsCSCO-100%
Holdings
- Vaneck ETF TrustSMH
- Share
- 9.5%
- Value
- $42m
- Shares
- 63,911
New
- Kraneshares TrustKWEB
- Share
- 6.6%
- Value
- $29m
- Shares
- 1,184,601
New
- Spdr Gold TRGLD
- Share
- 5.9%
- Value
- $26m
- Shares
- 70,240
+75%
- IsharesEWJ
- Share
- 4.3%
- Value
- $19m
- Shares
- 203,245
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| NvidiaNVDA | 13.4% | $59m | 295,573 | +329% |
| MicrosoftMSFT | 11.0% | $48m | 129,673 | +197% |
| Vaneck ETF TrustSMH | 9.5% | $42m | 63,911 | New |
| BroadcomAVGO | 9.0% | $40m | 104,941 | +13018% |
| Meta PlatformsMETA | 8.0% | $35m | 62,964 | +13% |
| Kraneshares TrustKWEB | 6.6% | $29m | 1,184,601 | New |
| Spdr Gold TRGLD | 5.9% | $26m | 70,240 | +75% |
| IsharesEWJ | 4.3% | $19m | 203,245 | New |
| AlphabetGOOG | 4.3% | $19m | 53,147 | New |
| Amazon.comAMZN | 3.9% | $17m | 71,982 | -63% |
| Texas InstrumentsTXN | 3.5% | $16m | 52,414 | -65% |
| NikeNKE | 2.9% | $13m | 310,138 | +249% |
| Palantir TechnologiesPLTR | 2.9% | $13m | 108,609 | +36103% |
| PfizerPFE | 2.5% | $11m | 465,783 | New |
| AutodeskADSK | 2.5% | $11m | 57,099 | +339% |
| OracleORCL | 2.2% | $9m | 64,819 | +30% |
| ExxonMobil HoldingsXOM | 1.8% | $8m | 59,100 | Held |
| AppleAAPL | 1.3% | $6m | 19,536 | +462% |
| Gilead SciencesGILD | 1.1% | $5m | 38,365 | -39% |
| Wells Fargo & CompanyWFC | 1.0% | $5m | 56,002 | Held |
| Verizon CommunicationsVZ | 1.0% | $4m | 99,866 | New |
| ConocoPhillipsCOP | 0.8% | $4m | 35,703 | New |
| TeslaTSLA | 0.3% | $1m | 2,859 | -92% |
| SalesforceCRM | 0.2% | $784,083 | 5,005 | -77% |
| Royal Caribbean CruisesRCL | 0.1% | $601,402 | 1,894 | -87% |
| Wynn ResortsWYNN | <0.1% | $237,482 | 2,446 | +3551% |
| Analog DevicesADI | <0.1% | $107,236 | 270 | New |
Options (50)
- Advanced Micro DevicesAMD
- Type
- Put
- Value
- $2.6bn
- Contracts
- 4,423,100
- Micron TechnologyMU
- Type
- Put
- Value
- $1.2bn
- Contracts
- 1,044,000
- Select Sector Spdr TRXLK
- Type
- Put
- Value
- $762m
- Contracts
- 4,000,000
- NvidiaNVDA
- Type
- Put
- Value
- $660m
- Contracts
- 3,300,000
- Ishares TRHYG
- Type
- Put
- Value
- $600m
- Contracts
- 7,500,000
- TeslaTSLA
- Type
- Put
- Value
- $526m
- Contracts
- 1,250,000
- Ishares TREEM
- Type
- Put
- Value
- $342m
- Contracts
- 5,000,000
- Dell TechnologiesDELL
- Type
- Put
- Value
- $332m
- Contracts
- 770,000
- OktaOKTA
- Type
- Put
- Value
- $287m
- Contracts
- 2,102,900
- Ishares TREEM
- Type
- Call
- Value
- $274m
- Contracts
- 4,000,000
- NvidiaNVDA
- Type
- Call
- Value
- $240m
- Contracts
- 1,200,000
- BroadcomAVGO
- Type
- Put
- Value
- $227m
- Contracts
- 600,000
- Meta PlatformsMETA
- Type
- Put
- Value
- $208m
- Contracts
- 370,000
- Select Sector Spdr TRXLB
- Type
- Call
- Value
- $178m
- Contracts
- 3,500,000
- International Business MachinesIBM
- Type
- Put
- Value
- $172m
- Contracts
- 612,500
- IntelINTC
- Type
- Put
- Value
- $168m
- Contracts
- 1,200,000
- SnowflakeSNOW
- Type
- Put
- Value
- $165m
- Contracts
- 650,000
- International Business MachinesIBM
- Type
- Call
- Value
- $162m
- Contracts
- 575,000
- UnitedHealth GroupUNH
- Type
- Put
- Value
- $145m
- Contracts
- 349,600
- AlphabetGOOG
- Type
- Put
- Value
- $141m
- Contracts
- 400,000
- AdobeADBE
- Type
- Call
- Value
- $135m
- Contracts
- 660,900
- Marvell TechnologyMRVL
- Type
- Put
- Value
- $119m
- Contracts
- 400,000
- MicrosoftMSFT
- Type
- Call
- Value
- $115m
- Contracts
- 309,100
- Meta PlatformsMETA
- Type
- Call
- Value
- $94m
- Contracts
- 167,500
- AdobeADBE
- Type
- Put
- Value
- $86m
- Contracts
- 421,000
- QualcommQCOM
- Type
- Put
- Value
- $83m
- Contracts
- 450,000
- TeslaTSLA
- Type
- Call
- Value
- $74m
- Contracts
- 175,000
- Palantir TechnologiesPLTR
- Type
- Put
- Value
- $70m
- Contracts
- 600,000
- OracleORCL
- Type
- Put
- Value
- $66m
- Contracts
- 450,000
- SnowflakeSNOW
- Type
- Call
- Value
- $64m
- Contracts
- 250,000
- Eli LillyLLY
- Type
- Put
- Value
- $60m
- Contracts
- 50,000
- Cisco SystemsCSCO
- Type
- Put
- Value
- $59m
- Contracts
- 500,000
- AppleAAPL
- Type
- Put
- Value
- $58m
- Contracts
- 200,000
- eBayEBAY
- Type
- Put
- Value
- $56m
- Contracts
- 500,000
- Amazon.comAMZN
- Type
- Call
- Value
- $55m
- Contracts
- 230,000
- Berkshire HathawayBRK-B
- Type
- Put
- Value
- $54m
- Contracts
- 107,000
- Kraneshares TrustKWEB
- Type
- Put
- Value
- $49m
- Contracts
- 2,000,000
- Brookfield Asset ManagementBAM
- Type
- Put
- Value
- $45m
- Contracts
- 1,000,000
- American International GroupAIG
- Type
- Put
- Value
- $45m
- Contracts
- 600,000
- Texas InstrumentsTXN
- Type
- Put
- Value
- $45m
- Contracts
- 150,000
- PayPal HoldingsPYPL
- Type
- Put
- Value
- $43m
- Contracts
- 1,000,000
- SalesforceCRM
- Type
- Call
- Value
- $43m
- Contracts
- 275,000
- UnitedHealth GroupUNH
- Type
- Call
- Value
- $41m
- Contracts
- 99,800
- Advanced Micro DevicesAMD
- Type
- Call
- Value
- $40m
- Contracts
- 68,100
- SalesforceCRM
- Type
- Put
- Value
- $39m
- Contracts
- 250,000
- Dell TechnologiesDELL
- Type
- Call
- Value
- $39m
- Contracts
- 90,000
- Amazon.comAMZN
- Type
- Put
- Value
- $38m
- Contracts
- 160,000
- StarbucksSBUX
- Type
- Put
- Value
- $37m
- Contracts
- 361,000
- Uber TechnologiesUBER
- Type
- Put
- Value
- $36m
- Contracts
- 500,000
- AlphabetGOOG
- Type
- Call
- Value
- $35m
- Contracts
- 100,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| Advanced Micro DevicesAMD | Put | $2.6bn | 4,423,100 |
| Micron TechnologyMU | Put | $1.2bn | 1,044,000 |
| Select Sector Spdr TRXLK | Put | $762m | 4,000,000 |
| NvidiaNVDA | Put | $660m | 3,300,000 |
| Ishares TRHYG | Put | $600m | 7,500,000 |
| TeslaTSLA | Put | $526m | 1,250,000 |
| Ishares TREEM | Put | $342m | 5,000,000 |
| Dell TechnologiesDELL | Put | $332m | 770,000 |
| OktaOKTA | Put | $287m | 2,102,900 |
| Ishares TREEM | Call | $274m | 4,000,000 |
| NvidiaNVDA | Call | $240m | 1,200,000 |
| BroadcomAVGO | Put | $227m | 600,000 |
| Meta PlatformsMETA | Put | $208m | 370,000 |
| Select Sector Spdr TRXLB | Call | $178m | 3,500,000 |
| International Business MachinesIBM | Put | $172m | 612,500 |
| IntelINTC | Put | $168m | 1,200,000 |
| SnowflakeSNOW | Put | $165m | 650,000 |
| International Business MachinesIBM | Call | $162m | 575,000 |
| UnitedHealth GroupUNH | Put | $145m | 349,600 |
| AlphabetGOOG | Put | $141m | 400,000 |
| AdobeADBE | Call | $135m | 660,900 |
| Marvell TechnologyMRVL | Put | $119m | 400,000 |
| MicrosoftMSFT | Call | $115m | 309,100 |
| Meta PlatformsMETA | Call | $94m | 167,500 |
| AdobeADBE | Put | $86m | 421,000 |
| QualcommQCOM | Put | $83m | 450,000 |
| TeslaTSLA | Call | $74m | 175,000 |
| Palantir TechnologiesPLTR | Put | $70m | 600,000 |
| OracleORCL | Put | $66m | 450,000 |
| SnowflakeSNOW | Call | $64m | 250,000 |
| Eli LillyLLY | Put | $60m | 50,000 |
| Cisco SystemsCSCO | Put | $59m | 500,000 |
| AppleAAPL | Put | $58m | 200,000 |
| eBayEBAY | Put | $56m | 500,000 |
| Amazon.comAMZN | Call | $55m | 230,000 |
| Berkshire HathawayBRK-B | Put | $54m | 107,000 |
| Kraneshares TrustKWEB | Put | $49m | 2,000,000 |
| Brookfield Asset ManagementBAM | Put | $45m | 1,000,000 |
| American International GroupAIG | Put | $45m | 600,000 |
| Texas InstrumentsTXN | Put | $45m | 150,000 |
| PayPal HoldingsPYPL | Put | $43m | 1,000,000 |
| SalesforceCRM | Call | $43m | 275,000 |
| UnitedHealth GroupUNH | Call | $41m | 99,800 |
| Advanced Micro DevicesAMD | Call | $40m | 68,100 |
| SalesforceCRM | Put | $39m | 250,000 |
| Dell TechnologiesDELL | Call | $39m | 90,000 |
| Amazon.comAMZN | Put | $38m | 160,000 |
| StarbucksSBUX | Put | $37m | 361,000 |
| Uber TechnologiesUBER | Put | $36m | 500,000 |
| AlphabetGOOG | Call | $35m | 100,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 51.9% since 30 June 2025.
Where the money is
Technology45.9%
Media & telecom13.3%
Retail & consumer7.2%
Health care3.6%
Energy2.7%
Financial services1.0%
Other26.2%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.