Union Bancaire Privee UBP Sa Q2 2026 Investment Activity
UBP, with a portfolio value of $9.1B as of June 30th, 2026, significantly increased positions in consumer staples and utilities while reducing holdings across several major tech stocks.
Union Bancaire Privee (UBP), the private investment platform with approximately $9.1 billion in assets under management as of June 30th, 2026, has shown notable shifts in its portfolio holdings during the second quarter. The investment strategy appears focused on specific sectors and individual companies.
Major Purchases This Quarter
UBP demonstrated a clear preference for consumer staples, significantly boosting its position in two prominent holdings: KO (Coca-Cola Co) and WMT (Walmart Inc). The increase in KO shares was particularly large, with a 83.48% change from the previous period, adding substantial value to this sector allocation.
Additionally, UBP showed interest in energy and utilities infrastructure through its investment in NEE (NextEra Energy Inc). The position grew by 43.64% during the quarter.
Elsewhere, UBP initiated a small new position with SJNK (SPDR S&P 500 ETF Trust), increasing its stake by 82.72%. This indicates opportunistic allocation to an established exchange-traded fund.
Substantial Reductions in Technology
The technology sector, which forms a significant part of UBP's portfolio (around 15.9% total value), saw several notable reductions during Q2. The largest decrease occurred in MSFT (Microsoft Corp), where the position was reduced by a small number of shares (-0.83%), though it remains one of UBP's top holdings.
Similarly, AAPL (Apple Inc), another major technology holding and top position at 3.93% allocation, experienced a reduction in shares (-12.53%) during the quarter.
NVDA (NVIDIA Corp) also saw its stake decrease slightly by -0.83%. Other tech holdings like PANW (Palo Alto Networks Inc), which lost 36.6% of its shares, and several others with significant percentage changes (-AMZN -1.32%, -AVGO -8.03%, -TSM -11.72%) were trimmed.
Changes in Consumer Cyclical
In the consumer cyclical space, UBP sold a substantial portion of its stake in BKNG (Booking Holdings Inc), reducing shares by 37.22%.
Other Activities and Exits
UBP also increased its position in NOW (ServiceNow Inc), albeit from a smaller base, by 67.67%.
Conversely, the investor completely exited positions in several small holdings: KGC (Kinross Gold Corp), -98.18%, and RF (Regions Financial Corp ETF) (-98.18%) and ERJ (Embraer S.A.) (-99.31%). A similarly small position in TME (Tencent Music Entertainment Group), which was reduced by -99.1%, is also no longer held.
Overall Portfolio Indicators
The portfolio currently holds 471 stocks, with the top five holdings accounting for approximately 35.4% of its value. Technology remains a dominant sector allocation at around 45.3%, followed by Communication Services (8.5%), Financial Services (8.9%), and others including Energy, Industrials, Healthcare, Consumer Cyclical, and Consumer Defensive.