LFA - Lugano Financial Advisors SA reported 118 positions worth $29.81M for the quarter ended Sep 30, 2026, up 4.2% on the prior quarter. It opened 7 new positions, added to 13, trimmed 35 and exited 33. Its largest holding is Spdr Gold Trust at 28.3% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| PHYS Sprott Physical Gold Trust | +15.6K | +86.4% | $485.32K | 3.51% |
| OUNZ VanEck Merk Gold ETF | +10.7K | +1,250.6% | $427.65K | 1.55% |
| CEF Sprott Physical Gold & Silver Trust | +1,575 | – | $93.00K | 0.312% |
| UNM Unum Group | +1,025 | – | $89.92K | 0.302% |
| MRK Merck & Co., Inc. | +410 | +52.0% | $59.58K | 0.584% |
| HRI Herc Holdings Inc | +455 | – | $56.78K | 0.19% |
| RMD Resmed Inc | +252 | +24.8% | $55.72K | 0.942% |
| META Meta Platforms, Inc. | +72 | +15.4% | $52.21K | 1.31% |
| TSM Taiwan Semiconductor Manufacturing Co Ltd | +100 | +64.5% | $45.62K | 0.39% |
| ISRG Intuitive Surgical Inc | +100 | +90.9% | $40.66K | 0.286% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| AMZN Amazon Com Inc | -830 | -7.3% | $206.79K | 8.84% |
| MSFT Microsoft Corp | -396 | -6.0% | $203.11K | 10.68% |
| AMD Advanced Micro Devices Inc | -235 | -100.0% | $136.51K | Exited |
| GLD Spdr Gold Trust | -318 | -1.4% | $121.11K | 28.33% |
| GLW Corning Inc | -345 | -100.0% | $88.12K | Exited |
| ZTS Zoetis Inc. | -1,000 | -100.0% | $71.86K | Exited |
| XOM ExxonMobil Holdings Corp | -425 | -38.6% | $69.17K | 0.369% |
| AJG Arthur J. Gallagher & Co. | -291 | -100.0% | $66.81K | Exited |
| ADI Analog Devices Inc | -135 | -100.0% | $53.62K | Exited |
| AAPL Apple Inc. | -160 | -3.9% | $53.28K | 4.36% |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| CEF Sprott Physical Gold & Silver Trust | +1,575 | $93.00K | 0.312% |
| UNM Unum Group | +1,025 | $89.92K | 0.302% |
| HRI Herc Holdings Inc | +455 | $56.78K | 0.19% |
| NKE NIKE, Inc. | +1,000 | $35.40K | 0.119% |
| MTB M&T Bank Corp | +100 | $21.76K | 0.073% |
| FNV FRANCO NEVADA Corp | +72 | $17.14K | 0.058% |
| ARCC Ares Capital Corp | +785 | $14.99K | 0.05% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| AMD Advanced Micro Devices Inc | -235 | $136.51K | 0.477% |
| GLW Corning Inc | -345 | $88.12K | 0.308% |
| ZTS Zoetis Inc. | -1,000 | $71.86K | 0.251% |
| AJG Arthur J. Gallagher & Co. | -291 | $66.81K | 0.234% |
| ADI Analog Devices Inc | -135 | $53.62K | 0.187% |
| FXF Invesco CurrencyShares Swiss Franc Trust | -435 | $47.44K | 0.166% |
| IBM International Business Machines Corp | -105 | $29.53K | 0.103% |
| EBAY Ebay Inc | -165 | $18.44K | 0.064% |
| ADBE Adobe Inc. | -85 | $17.43K | 0.061% |
| ORCL Oracle Corp | -109 | $15.97K | 0.056% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | GLD Spdr Gold Trust | Financial Services | 22.2K | $8.45M | 28.33% | -318 | -1.4% | Reduced | 0.01% |
| 2 | MSFT Microsoft Corp | Technology | 6,208 | $3.18M | 10.68% | -396 | -6.0% | Reduced | 0% |
| 3 | AMZN Amazon Com Inc | Consumer Discretionary | 10.6K | $2.64M | 8.84% | -830 | -7.3% | Reduced | 0% |
| 4 | AAPL Apple Inc. | Technology | 3,899 | $1.30M | 4.36% | -160 | -3.9% | Reduced | 0% |
| 5 | PHYS Sprott Physical Gold Trust | Others | 33.6K | $1.05M | 3.51% | +15.6K | +86.4% | Added | 0.01% |
| 6 | CAT Caterpillar Inc | Industrials | 1,284 | $1.04M | 3.49% | 0 | 0.0% | Unchanged | 0% |
| 7 | GOOG Alphabet Inc. | Technology | 2,804 | $955.44K | 3.21% | 0 | 0.0% | Unchanged | 0% |
| 8 | GOOGL Alphabet Inc. | Technology | 2,382 | $819.60K | 2.75% | -31 | -1.3% | Reduced | 0% |
| 9 | NVDA Nvidia Corp | Technology | 3,318 | $757.77K | 2.54% | -217 | -6.1% | Reduced | 0% |
| 10 | JPM Jpmorgan Chase & Co | Financial Services | 1,837 | $607.74K | 2.04% | -13 | -0.7% | Reduced | 0% |
| 11 | OUNZ VanEck Merk Gold ETF | Others | 11.6K | $461.84K | 1.55% | +10.7K | +1,250.6% | Added | 0.02% |
| 12 | V Visa Inc. | Financial Services | 1,091 | $392.03K | 1.32% | 0 | 0.0% | Unchanged | 0% |
| 13 | META Meta Platforms, Inc. | Technology | 540 | $391.60K | 1.31% | +72 | +15.4% | Added | 0% |
| 14 | ABBV AbbVie Inc. | Healthcare | 1,295 | $338.76K | 1.14% | 0 | 0.0% | Unchanged | 0% |
| 15 | IAU Ishares Gold Trust | Others | 3,893 | $304.04K | 1.02% | 0 | 0.0% | Unchanged | 0% |
Tip. Select a row to see that position’s full history at LFA - Lugano Financial Advisors.
As of its Q3 2026 13F filing, LFA - Lugano Financial Advisors SA’s five largest positions were Spdr Gold Trust (GLD) at 28.3%, Microsoft Corp (MSFT) at 10.7%, Amazon Com Inc (AMZN) at 8.8%, Apple Inc. (AAPL) at 4.4%, Sprott Physical Gold Trust (PHYS) at 3.5% of the reported portfolio.
LFA - Lugano Financial Advisors SA reported a 13F portfolio worth $29.81M across 118 positions for Q3 2026. That is up 4.2% from the previous quarter.
Its largest purchases by value were Sprott Physical Gold Trust ($485.32K), VanEck Merk Gold ETF ($427.65K), Sprott Physical Gold & Silver Trust ($93.00K). It opened 7 new positions.
Its largest sales by value were Amazon Com Inc ($206.79K), Microsoft Corp ($203.11K), Advanced Micro Devices Inc ($136.51K). It exited 33 positions entirely.
From the Form 13F-HR reports LFA - Lugano Financial Advisors SA files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.