According to a filing with the U.S. Securities and Exchange Commission (SEC), UBS Group (NYSE: UBS) submitted its third-quarter 13F holdings report for the period ended September 30, 2026.

In the third quarter, UBS's total portfolio market value stood at approximately $770 billion, down from about $790 billion in the previous quarter, a quarter-over-quarter decline of 2.5%. The top ten holdings accounted for 13.77% of the portfolio, with an average holding period of 23.7 quarters. During the quarter, UBS added 1,776 new positions, increased 4,595 holdings, reduced 4,231 positions, and fully exited 1,033 holdings. The portfolio turnover rate was 23.06%.

Top Five Holdings: Microsoft Cut by Over 10%, Nvidia Still Leads

Semiconductor and accelerated computing chip maker Nvidia (NASDAQ: NVDA) ranked first, with approximately 81.12 million shares held, a market value of about $18.526 billion, representing 2.42% of the portfolio. The share count decreased by 2.35% from the prior quarter.

Consumer electronics maker Apple (NASDAQ: AAPL) ranked second, with approximately 46.90 million shares held, a market value of about $15.618 billion, accounting for 2.04% of the portfolio. The share count fell 9.47% from the previous quarter.

Software and cloud services provider Microsoft (NASDAQ: MSFT) ranked third, with approximately 30.33 million shares held, a market value of about $15.557 billion, representing 2.03% of the portfolio. The share count declined 15.47% from the prior quarter.

Semiconductor and infrastructure software maker Broadcom (NASDAQ: AVGO) ranked fourth, with approximately 25.08 million shares held, a market value of about $8.807 billion, accounting for 1.15% of the portfolio. The share count edged down 0.25% from the previous quarter.

E-commerce and cloud computing company Amazon (NASDAQ: AMZN) ranked fifth, with approximately 34.33 million shares held, a market value of about $8.552 billion, representing 1.12% of the portfolio. The share count rose 0.27% from the prior quarter.

The other top holdings ranked sixth through tenth were: internet and cloud computing company Alphabet (NASDAQ: GOOGL), the SPDR S&P 500 ETF Trust (NYSEArca: SPY) tracking the S&P 500 index, SPDR Gold ETF put options (NYSEArca: GLD, PUT), SPY put options (PUT), and the iShares Core MSCI EAFE ETF tracking developed market equities. Among them, the Alphabet position totaled approximately 23.91 million shares, valued at about $8.226 billion, representing 1.08% of the portfolio, with the share count down 5.60%. The SPY position was approximately 10.42 million units, worth about $7.944 billion, accounting for 1.04%, down 15.09%. The GLD put options position was approximately 20.63 million units, valued at about $7.858 billion, representing 1.03%, with the unit count surging 1,276.64%. The SPY put options position was approximately 9.61 million units, worth about $7.331 billion, accounting for 0.96%, down 14.88%. The final ETF position was approximately 71.71 million units, valued at about $6.948 billion, representing 0.91%, up 3.02%.

Sector Distribution: Technology Carries the Highest Weight, ETFs Account for Nearly One-Third of the Top Twenty

In terms of sector distribution, information technology remained the highest-weighted area. Six of the top ten holdings were tech stocks, collectively accounting for about 9.84% of the portfolio, including three semiconductor names and three internet platform names. Widening the view to the top twenty, tech stocks increased to nine, totaling approximately 12.26%. The financial sector held two spots in the top twenty, namely JPMorgan Chase (NYSE: JPM) and UBS Group itself (NYSE: UBS), combining for about 1.40%.

Index and commodity ETFs were also highly favored. Eight of the top twenty holdings were ETFs, collectively accounting for about 6.60%, covering four categories of exposure: the S&P 500, Nasdaq 100, developed market equities, and gold. Among these, S&P 500-related spot and options positions combined for about 2.26%, while gold-related positions accounted for about 2.16%.

Dual-Directional Gold Options Strategy, New Position in SK hynix, Increased Stake in SpaceX

On the new position front, South Korean memory chip maker SK hynix Inc. (OTC: SKHY) was the largest newly disclosed holding, with a total position of approximately 5.85 million shares and a market value of about $1.077 billion. In addition, UBS also initiated new call options on electronics manufacturing services provider Celestica (NYSE: CLS) and call options on laboratory testing services provider Labcorp (NYSE: LH), among others.

In terms of changes in portfolio weightings, UBS Group's top five buys in the third quarter were: Gold ETF put options (NYSEArca: GLD, PUT), Gold ETF call options (NYSEArca: GLD, CALL), SpaceX (OTC: SPCX), Exxon Mobil (NYSE: XOM), and AMD call options (NASDAQ: AMD, CALL). The top five sells were: Eli Lilly call options (NYSE: LLY, CALL), Nasdaq 100 ETF call options (NASDAQ: QQQ, CALL), S&P 500 ETF call options (NYSEArca: SPY, CALL), Amazon call options (NASDAQ: AMZN, CALL), and Taiwan Semiconductor.