Latest LFA - Lugano Financial Advisors SA Stock Portfolio

LFA - Lugano Financial Advisors SA Performance:

2025 Q4: 1.49%YTD: 10.51%2024: 8.44%

Performance for 2025 Q4 is 1.49%, and YTD is 10.51%, and 2024 is 8.44%.

About LFA - Lugano Financial Advisors SA and 13F Hedge Fund Stock Holdings

On 2026-01-29, the fund reported it's updated stock portfolio. In the 13F Holdings report, LFA - Lugano Financial Advisors SA reported an equity portfolio of $193.7 Millions as of 31 Dec, 2025.

The top stock holdings of LFA - Lugano Financial Advisors SA are SPY, AGT, GLD. The fund has invested 13.7% of it's portfolio in SPDR S&P 500 ETF TR and 11.3% of portfolio in ISHARES TR.

The fund managers got completely rid off SELECT SECTOR SPDR TR (XLB), ELECTRONIC ARTS INC (EA) and THE CIGNA GROUP (CI) stocks. They significantly reduced their stock positions in CVS HEALTH CORP (CVS), ISHARES INC (ACWV) and UBER TECHNOLOGIES INC (UBER). LFA - Lugano Financial Advisors SA opened new stock positions in VANGUARD WORLD FD (EDV), ISHARES INC (EMGF) and ISHARES TR (AAXJ). The fund showed a lot of confidence in some stocks as they added substantially to VANGUARD TAX-MANAGED FDS (VEA), NETFLIX INC (NFLX) and SERVICENOW INC (NOW).

LFA - Lugano Financial Advisors SA Annual Return Estimates Vs S&P 500

Our best estimate is that LFA - Lugano Financial Advisors SA made a return of 1.49% in the last quarter. In trailing 12 months, it's portfolio return was 10.51%.

Performance
S&P 500

New Buys

Ticker	$ Bought
vanguard world fd	1,696,250
ishares inc	387,548
ishares tr	256,620
broadridge finl solutions in	132,563
invesco exch traded fd tr ii	129,992
kraneshares trust	126,745
vanguard scottsdale fds	120,684
invesco exch traded fd tr ii	74,586

New stocks bought by LFA - Lugano Financial Advisors SA

Additions

Ticker	% Inc.
vanguard tax-managed fds	1,297
netflix inc	900
ishares tr	517
servicenow inc	400
taiwan semiconductor mfg ltd	181
invesco exch traded fd tr ii	136
ishares inc	101
franklin templeton etf tr	100

Additions to existing portfolio by LFA - Lugano Financial Advisors SA

Reductions

Ticker	% Reduced
cvs health corp	-86.00
ishares inc	-77.61
uber technologies inc	-41.83
3m co	-33.75
spdr index shs fds	-27.08
spdr series trust	-23.08
verizon communications inc	-18.73
ishares tr	-12.79

LFA - Lugano Financial Advisors SA reduced stake in above stock

Sold off

Ticker	$ Sold
select sector spdr tr	-358,968
quantumscape corp	-24,640
electronic arts inc	-313,845
pfizer inc	-25,480
totalenergies se	-41,783
nike inc	-27,892
the cigna group	-60,533
veeva sys inc	-11,916

LFA - Lugano Financial Advisors SA got rid off the above stocks

Sector Distribution

LFA - Lugano Financial Advisors SA has about 89.4% of it's holdings in Others sector.

Sector	%
Others	89.4
Technology	3.2
Consumer Cyclical	1.9
Financial Services	1.4
Communication Services	1.2
Utilities	1.1

Market Cap. Distribution

LFA - Lugano Financial Advisors SA has about 9.5% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	89.4
MEGA-CAP	6.7
LARGE-CAP	2.8

Stocks belong to which Index?

About 9.3% of the stocks held by LFA - Lugano Financial Advisors SA either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	89.7
S&P 500	9.3

Top 5 Winners (%)		%
SLV	ishares silver tr	47.6 %
LLY	eli lilly & co	40.9 %
AMD	advanced micro devices inc	32.4 %
DLTR	dollar tree inc	30.4 %
GOOG	alphabet inc	28.8 %

Top 5 Winners ($)		$
GLD	spdr gold tr	1.3 M
SPY	spdr s&p 500 etf tr	0.6 M
AGT	ishares tr	0.5 M
AFK	vaneck etf trust	0.3 M
GOOG	alphabet inc	0.2 M

Top 5 Losers (%)		%
NFLX	netflix inc	-86.6 %
NOW	servicenow inc	-75.0 %
XLB	select sector spdr tr	-43.0 %
XLB	select sector spdr tr	-41.8 %
COIN	coinbase global inc	-33.0 %

Top 5 Losers ($)		$
NFLX	netflix inc	-0.3 M
XLB	select sector spdr tr	-0.2 M
MSFT	microsoft corp	-0.2 M
CARZ	first tr exchange traded fd	-0.2 M
XLB	select sector spdr tr	-0.2 M

LFA - Lugano Financial Advisors SA Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of LFA - Lugano Financial Advisors SA

LFA - Lugano Financial Advisors SA has 231 stocks in it's portfolio. About 52.9% of the portfolio is in top 10 stocks. NFLX proved to be the most loss making stock for the portfolio. GLD was the most profitable stock for LFA - Lugano Financial Advisors SA last quarter.

Last Reported on: 29 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	0.64	4,542	1,234,790	reduced	-4.62

AAXJ	ishares tr	2.54	91,298	4,919,140	added	2.6

AAXJ	ishares tr	1.78	33,915	3,448,140	added	1.16

AAXJ	ishares tr	0.64	12,937	1,245,570	added	9.93

AAXJ	ishares tr	0.16	1,437	308,510	unchanged	0.00

AAXJ	ishares tr	0.13	15,619	256,620	new

AAXJ	ishares tr	0.10	1,343	187,140	unchanged	0.00

AAXJ	ishares tr	0.06	3,960	122,602	added	517

AAXJ	ishares tr	0.06	2,117	109,597	unchanged	0.00

AAXJ	ishares tr	0.05	835	99,657	unchanged	0.00

AAXJ	ishares tr	0.02	356	39,213	new

AAXJ	ishares tr	0.02	499	33,498	unchanged	0.00

AAXJ	ishares tr	0.01	239	19,271	unchanged	0.00

ABBV	abbvie inc	0.14	1,240	281,066	unchanged	0.00

ABT	abbott labs	0.17	2,707	337,451	unchanged	0.00

ACSG	dbx etf tr	0.01	550	18,068	unchanged	0.00

ACWF	ishares tr	0.19	6,868	361,933	unchanged	0.00

ACWF	ishares tr	0.02	1,040	44,585	unchanged	0.00

ACWV	ishares inc	0.90	29,095	1,744,540	added	36.48

ACWV	ishares inc	0.08	3,373	155,596	reduced	-12.32