Banque Pictet & Cie SA Boosts Qualcomm Stake by 265%

Swiss bank increases holdings in wireless technology company during Q4

Apr. 2, 2026 at 7:34am

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Banque Pictet & Cie SA, a Swiss private bank, increased its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 265% during the fourth quarter, according to a recent SEC filing. The firm now owns 84,890 shares of the wireless technology company's stock, worth approximately $14.5 million.

Why it matters

Qualcomm is a major player in the global semiconductor and telecommunications equipment industry, known for its development of wireless technologies and central role in the evolution of mobile standards. This investment by a prominent Swiss bank signals continued confidence in Qualcomm's long-term prospects.

The details

Banque Pictet & Cie SA purchased an additional 61,632 shares of Qualcomm during the fourth quarter, bringing its total holdings to 84,890 shares. The bank's increased stake in Qualcomm represents a 265% jump from the previous quarter.

  • Banque Pictet & Cie SA disclosed the increased Qualcomm stake in a 13F filing on April 2, 2026, covering the fourth quarter of 2025.
  • The bank's holdings in Qualcomm were valued at $14.5 million as of the end of the fourth quarter.

The players

Banque Pictet & Cie SA

A Swiss private bank headquartered in Geneva, with a focus on wealth management and asset management services.

Qualcomm Incorporated

A global semiconductor and telecommunications equipment company headquartered in San Diego, California, known for its development of wireless technologies and central role in the evolution of mobile standards.

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The takeaway

Banque Pictet & Cie SA's significant increase in its Qualcomm holdings underscores the Swiss bank's confidence in the wireless technology company's long-term growth potential, despite recent market volatility.