Ameliora Wealth Management Ltd. — 13F Holdings & Portfolio
CIK 1910168 · latest 13F-HR filed 2026-07-24
Ameliora Wealth Management Ltd. manages $336.9M in 13F-reported U.S. long-equity assets across 229 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are IGIB (8.22%), IVV (7.27%), IGSB (6.80%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 13 new positions and exited 16; 99 existing positions rose in reported value and 52 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$336.9M
Long-equity book
Holdings
229
Distinct positions
Period
2026-06-30
Filed 2026-07-24
Q/Q Activity
+13 / −16 / ↑99 / ↓52
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26IGIB8.2% · +16%IVV7.3% · -3%IGSB6.8% · -1%FLRN6.8% · +1%IGEB5.8% · +1%SGOL5.2% · -2%GRID3.0% · +19%VGK2.8% · -2%NVDA2.6% · -0%SPY2.5% · -4%DBJP2.3% · +22%SDVY2.3% · +1%QQQ1.9% · -15%AGG1.9% · 0%AVGO1.9% · -2%AAPL1.7% · -0%GOOGL1.6% · +2%EWL1.6% · +186%SHLD1.5% · +41%C1.5% · 0%EWG1.5% · -2%JPM1.3% · -2%MSFT1.3% · -0%EUFN1.2% · -1%AMZN1.1% · +6%V1.1% · -1%VT1.1% · -6%WMT1.0% · -3%TJX1.0% · -1%GS0.9% · -2%GOOG0.7% · -3%MA0.6% · 0%NEAR0.6% · -22%MU0.6% · -30%GDX0.6% · +6%PANW0.5% · +6%SOFI0.5% · 0%LLY0.5% · +15%SLV0.5% · +8%UNH0.5% · 0%PWR0.5% · -5%GE0.5% · +1%BIL0.4% · 0%GLD0.4% · +0%VOO0.4% · 0%IWY0.4% · -76%AMD0.3% · 0%ULST0.3% · 0%META0.3% · +5%IYC0.3% · 0%ITA0.3% · 0%INTC0.3% · 0%IAU0.3% · 0%TSM0.3% · 0%XOM0.3% · +1%IBKR0.2% · +1%GEV0.2% · 0%BA0.2% · 0%COST0.2% · +19%BRK.B0.2% · +1%
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 50.9%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Mar 24, 2026.
Assets Under Management
$1.16B
Discretionary
$796.6M
Employees
11
Accounts
329
Address
9 DIANASTRASSE
ZURICH CH-8002
Switzerland
ZURICH CH-8002
Switzerland
Phone
+41 43 336 10 90
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| Demuth, Stefan, Thomas Control | CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER since Dec 2022 | Less than 5% | Individual |
| FOSER, MARKUS, FERDINAND Control | MEMBER BOARD OF DIRECTORS since Jun 2013 | Less than 5% | Individual |
| GN GROUP HOLDING ANSTALT Control | SHAREHOLDER since Feb 2012 | 25–50% | Foreign Entity |
| Gilgen, Andreas Control | CHIEF INVESTMENT OFFICER since Aug 2022 | Less than 5% | Individual |
| HAEUSLER, HANS, JUERG Control | MEMBER BOARD OF DIRECTORS since Apr 2012 | Less than 5% | Individual |
| LARUMBE, GABRIEL, NICOLAS Control | CHIEF COMPLIANCE OFFICER since Jul 2025 | Less than 5% | Individual |
| PIPER ESTABLISHMENT Control | SHAREHOLDER since Dec 2012 | 50–75% | Foreign Entity |
| ACKERMANN, IWAN, JOSEF Control Indirect owner via PIPER ESTABLISHMENT | SHAREHOLDER since Feb 2013 | 25–50% | Individual |
| MOOSLEITHNER, ANGELIKA, IRIS Control Indirect owner via PIPER ESTABLISHMENT | SHAREHOLDER since Feb 2013 | 50–75% | Individual |
| NIGG, GEORG Control Indirect owner via GN GROUP HOLDING ANSTALT | SHAREHOLDER since Dec 2007 | 75% or more | Individual |
Ownership & leadership changes · 16 filings with changes since Jun 6, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Jul 8, 2025 filing
- No longer listedNigg, Andreas, Fidel · MEMBER BOARD OF DIRECTORS · Less than 5% · control person · listed since Jun 2016
- No longer listedSchaad Mettler, Matthias · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Mar 2023
- AddedLARUMBE, GABRIEL, NICOLAS · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Feb 17, 2025 filing
- ChangedDemuth, Stefan, Thomas · title CHIEF EXECUTIVE OFFICER → CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER
Dec 9, 2024 filing
- No longer listedACKERMANN, IWAN, JOSEF · SHAREHOLDER · 25–50% · indirect via GN GROUP HOLDING ANSTALT · control person · listed since Feb 2013
- No longer listedMOOSLEITHNER, ANGELIKA, IRIS · SHAREHOLDER · 50–75% · indirect via GN GROUP HOLDING ANSTALT · control person · listed since Feb 2013
- Listed againACKERMANN, IWAN, JOSEF · SHAREHOLDER · 25–50% · indirect via PIPER ESTABLISHMENT · control person
- Listed againMOOSLEITHNER, ANGELIKA, IRIS · SHAREHOLDER · 50–75% · indirect via PIPER ESTABLISHMENT · control person
- ChangedNIGG, GEORG · indirect via GN GROUP HOLDING ANSTALT: ownership 25–50% → 75% or more
Jun 26, 2024 filing
- No longer listedACKERMANN, IWAN, JOSEF · MEMBER OF THE BOARD OF DIRECTORS · 50–75% · indirect via PIPER ESTABLISHMENT · control person · listed since Feb 2013
- No longer listedMOOSLEITHNER, ANGELIKA, IRIS · MEMBER OF THE BOARD OF DIRECTORS · 50–75% · indirect via PIPER ESTABLISHMENT · control person · listed since Feb 2013
- AddedACKERMANN, IWAN, JOSEF · SHAREHOLDER · 25–50% · indirect via GN GROUP HOLDING ANSTALT · control person
- AddedMOOSLEITHNER, ANGELIKA, IRIS · SHAREHOLDER · 50–75% · indirect via GN GROUP HOLDING ANSTALT · control person
- ChangedNIGG, GEORG · indirect via GN GROUP HOLDING ANSTALT: title MEMBER OF THE BOARD OF DIRECTORS → SHAREHOLDER; ownership 75% or more → 25–50%
Mar 23, 2023 filing
- No longer listedMANTEL, LAETITIA, NADINE · CHIEF EXECUTIVE OFFICER · Less than 5% · control person · listed since May 2022
- No longer listedRIEDERER VON PAAR, MAXIMILIAN, KONRAD · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Jun 2022
- AddedDemuth, Stefan, Thomas · CHIEF EXECUTIVE OFFICER · Less than 5% · control person
- AddedSchaad Mettler, Matthias · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Aug 19, 2022 filing
- No longer listedScherrer, Nadine, Anna Elisabeth · SHAREHOLDER · 5–10% · listed since Mar 2022
- AddedGilgen, Andreas · CHIEF INVESTMENT OFFICER · Less than 5% · control person
Jun 13, 2022 filing
- No longer listedHALAND, HAAKON, ANDREAS · CHIEF INVESTMENT OFFICER · Less than 5% · control person · listed since Sep 2014
- No longer listedNIGG, RAINER, MATHAEUS · CEO · Less than 5% · control person · listed since Apr 2012
- No longer listedSCHERRER, DANIEL, RUDOLF · SHAREHOLDER · 5–10% · listed since Sep 2014
- AddedScherrer, Nadine, Anna Elisabeth · SHAREHOLDER · 5–10%
- Listed againRIEDERER VON PAAR, MAXIMILIAN, KONRAD · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ChangedMANTEL, LAETITIA, NADINE · title CHIEF COMPLIANCE OFFICER → CHIEF EXECUTIVE OFFICER
Jun 16, 2020 filing
- No longer listedSPRENGER, ARNO, ANTON · SHAREHOLDER · Less than 5% · listed since Sep 2014
Mar 14, 2019 filing
- No longer listedRIEDERER VON PAAR, MAXIMILIAN, KONRAD · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Apr 2012
- AddedMANTEL, LAETITIA, NADINE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Feb 2, 2017 filing
- AddedNigg, Andreas, Fidel · MEMBER BOARD OF DIRECTORS · Less than 5% · control person
Older changes (7 more filings)
Mar 23, 2016 filing
- No longer listedSTALDER, MARKUS · MEMBER BOARD OF DIRECTORS · Less than 5% · control person · listed since Feb 2012
- AddedHALAND, HAAKON, ANDREAS · CHIEF INVESTMENT OFFICER · Less than 5% · control person
- ChangedRIEDERER VON PAAR, MAXIMILIAN, KONRAD · title CHIEF COMPLIANCE OFFICER AND MEMBER BOARD OF DIRECTORS → CHIEF COMPLIANCE OFFICER
Mar 10, 2015 filing
- ChangedGN GROUP HOLDING ANSTALT · ownership 50–75% → 25–50%
- ChangedPIPER ESTABLISHMENT · ownership 25–50% → 50–75%
Sep 17, 2014 filing
- AddedSCHERRER, DANIEL, RUDOLF · SHAREHOLDER · 5–10%
- AddedSPRENGER, ARNO, ANTON · SHAREHOLDER · Less than 5%
Jul 3, 2013 filing
- AddedFOSER, MARKUS, FERDINAND · MEMBER BOARD OF DIRECTORS · Less than 5% · control person
Mar 25, 2013 filing
- AddedACKERMANN, IWAN, JOSEF · MEMBER OF THE BOARD OF DIRECTORS · 50–75% · indirect via PIPER ESTABLISHMENT · control person
- AddedMOOSLEITHNER, ANGELIKA, IRIS · MEMBER OF THE BOARD OF DIRECTORS · 50–75% · indirect via PIPER ESTABLISHMENT · control person
- AddedPIPER ESTABLISHMENT · SHAREHOLDER · 25–50% · control person
- ChangedGN GROUP HOLDING ANSTALT · ownership 75% or more → 50–75%
Jun 11, 2012 filing
- ChangedRIEDERER VON PAAR, MAXIMILIAN, KONRAD · title MEMBER BOARD OF DIRECTORS → CHIEF COMPLIANCE OFFICER AND MEMBER BOARD OF DIRECTORS
Jun 6, 2012 filing (earliest on record)
- ListedGN GROUP HOLDING ANSTALT · SHAREHOLDER · 75% or more · control person
- ListedHAEUSLER, HANS, JUERG · MEMBER BOARD OF DIRECTORS · Less than 5% · control person
- ListedNIGG, GEORG · MEMBER OF THE BOARD OF DIRECTORS · 75% or more · indirect via GN GROUP HOLDING ANSTALT · control person
- ListedNIGG, RAINER, MATHAEUS · CEO · Less than 5% · control person
- ListedRIEDERER VON PAAR, MAXIMILIAN, KONRAD · MEMBER BOARD OF DIRECTORS · Less than 5% · control person
- ListedSTALDER, MARKUS · MEMBER BOARD OF DIRECTORS · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- ISHARES TR$3.8M +15.7%
- ISHARES INC$3.6M +205.7%
- FIRST TR EXCHANGE-TRADED FD$2.9M +40.0%
- ISHARES TR$2.6M +11.7%
- DBX ETF TR$2.2M +38.5%
Top Trims
- ETFS GOLD TR-$3.4M -16.2%
- WASTE MGMT INC DEL-$3.4M -93.4%
- ISHARES TR-$3.1M -72.4%
- ISHARES U S ETF TR-$563.8K -22.1%
- WALMART INC-$456.9K -11.5%
New Positions
- OREILLY AUTOMOTIVE INC$439.3K
- CARRIER GLOBAL CORPORATION$319.5K
- VERTIV HOLDINGS CO$269.2K
- SCHWAB STRATEGIC TR$126.8K
- VANGUARD WORLD FD$27.3K
Exited Positions
- ISHARES TR$128.1K
- LEGG MASON ETF INVT$108.0K
- VANGUARD BD INDEX FDS$106.3K
- VANECK ETF TRUST$72.8K
- HONEYWELL INTL INC$43.2K
Ameliora Wealth Management Ltd. Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ISHARES TR | IGIB | 464288638 | $27.7M | 8.22% | 520,969 | SH |
| 2 | ISHARES TR | IVV | 464287200 | $24.5M | 7.27% | 32,682 | SH |
| 3 | ISHARES TR | IGSB | 464288646 | $22.9M | 6.80% | 437,075 | SH |
| 4 | SPDR SERIES TRUST | FLRN | 78468R200 | $22.9M | 6.80% | 742,057 | SH |
| 5 | ISHARES TR | IGEB | 46435G219 | $19.4M | 5.76% | 429,861 | SH |
| 6 | ETFS GOLD TR | SGOL | 00326A104 | $17.6M | 5.23% | 460,484 | SH |
| 7 | FIRST TR EXCHANGE-TRADED FD | GRID | 33737A108 | $10.2M | 3.03% | 53,168 | SH |
| 8 | VANGUARD INTL EQUITY INDEX F | VGK | 922042874 | $9.4M | 2.79% | 106,153 | SH |
| 9 | NVIDIA CORPORATION | NVDA | 67066G104 | $8.7M | 2.58% | 43,464 | SH |
| 10 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $8.4M | 2.48% | 11,184 | SH |
| 11 | DBX ETF TR | DBJP | 233051507 | $7.8M | 2.32% | 68,108 | SH |
| 12 | FIRST TR EXCHANGE TRADED FD | SDVY | 33741X102 | $7.7M | 2.27% | 177,466 | SH |
| 13 | INVESCO QQQ TR | QQQ | 46090E103 | $6.5M | 1.92% | 8,788 | SH |
| 14 | ISHARES TR | AGG | 464287226 | $6.4M | 1.90% | 64,790 | SH |
| 15 | BROADCOM INC | AVGO | 11135F101 | $6.2M | 1.85% | 16,533 | SH |
| 16 | APPLE INC | AAPL | 037833100 | $5.9M | 1.74% | 20,218 | SH |
| 17 | ALPHABET INC | GOOGL | 02079K305 | $5.5M | 1.64% | 15,438 | SH |
| 18 | ISHARES INC | EWL | 464286749 | $5.3M | 1.57% | 84,395 | SH |
| 19 | GLOBAL X FDS | SHLD | 37960A529 | $5.1M | 1.51% | 85,039 | SH |
| 20 | CITIGROUP INC | C | 172967424 | $5.1M | 1.50% | 36,160 | SH |
| 21 | ISHARES INC | EWG | 464286806 | $5.1M | 1.50% | 122,203 | SH |
| 22 | JPMORGAN CHASE & CO | JPM | 46625H100 | $4.4M | 1.32% | 13,586 | SH |
| 23 | MICROSOFT CORP | MSFT | 594918104 | $4.2M | 1.26% | 11,334 | SH |
| 24 | ISHARES TR | EUFN | 464289180 | $4.1M | 1.23% | 106,150 | SH |
| 25 | AMAZON COM INC | AMZN | 023135106 | $3.7M | 1.09% | 15,411 | SH |
| 26 | VISA INC | V | 92826C839 | $3.6M | 1.08% | 10,604 | SH |
| 27 | VANGUARD INTL EQUITY INDEX F | VT | 922042742 | $3.6M | 1.08% | 23,111 | SH |
| 28 | WALMART INC | WMT | 931142103 | $3.5M | 1.04% | 30,997 | SH |
| 29 | TJX COS INC NEW | TJX | 872540109 | $3.4M | 1.00% | 22,173 | SH |
| 30 | GOLDMAN SACHS GROUP INC | GS | 38141G104 | $3.0M | 0.89% | 2,959 | SH |
| 31 | ALPHABET INC | GOOG | 02079K107 | $2.4M | 0.72% | 6,896 | SH |
| 32 | MASTERCARD INCORPORATED | MA | 57636Q104 | $2.2M | 0.64% | 4,215 | SH |
| 33 | ISHARES U S ETF TR | NEAR | 46431W507 | $2.0M | 0.59% | 39,287 | SH |
| 34 | MICRON TECHNOLOGY INC | MU | 595112103 | $1.9M | 0.58% | 1,685 | SH |
| 35 | VANECK ETF TRUST | GDX | 92189F106 | $1.9M | 0.57% | 25,402 | SH |
| 36 | PALO ALTO NETWORKS INC | PANW | 697435105 | $1.9M | 0.55% | 5,426 | SH |
| 37 | SOFI TECHNOLOGIES INC | SOFI | 83406F102 | $1.8M | 0.53% | 100,000 | SH |
| 38 | ELI LILLY & CO | LLY | 532457108 | $1.8M | 0.53% | 1,486 | SH |
| 39 | ISHARES SILVER TR | SLV | 46428Q109 | $1.7M | 0.50% | 31,210 | SH |
| 40 | UNITEDHEALTH GROUP INC | UNH | 91324P102 | $1.7M | 0.49% | 4,000 | SH |
| 41 | QUANTA SVCS INC | PWR | 74762E102 | $1.7M | 0.49% | 2,304 | SH |
| 42 | GE AEROSPACE | GE | 369604301 | $1.6M | 0.49% | 4,381 | SH |
| 43 | SPDR SERIES TRUST | BIL | 78468R663 | $1.5M | 0.44% | 16,163 | SH |
| 44 | SPDR GOLD TR | GLD | 78463V107 | $1.3M | 0.40% | 3,649 | SH |
| 45 | VANGUARD INDEX FDS | VOO | 922908363 | $1.3M | 0.39% | 1,920 | SH |
| 46 | ISHARES TR | IWY | 464289438 | $1.2M | 0.35% | 4,068 | SH |
| 47 | ADVANCED MICRO DEVICES INC | AMD | 007903107 | $1.1M | 0.34% | 1,959 | SH |
| 48 | SSGA ACTIVE ETF TR | ULST | 78467V707 | $1.1M | 0.33% | 27,767 | SH |
| 49 | META PLATFORMS INC | META | 30303M102 | $1.1M | 0.33% | 1,983 | SH |
| 50 | ISHARES TR | IYC | 464287580 | $1.1M | 0.33% | 11,000 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-24 | $336.9M | 229 | 0001910168-26-000006 |
| 2026-03-31 | 2026-04-23 | $313.7M | 232 | 0001910168-26-000005 |
| 2025-12-31 | 2026-01-21 | $328.3M | 227 | 0001910168-26-000001 |
Filer Information
Address
DIANASTRASSE 9ZURICH 8002
Phone
00433361093
Filing Manager
Ameliora Wealth Management Ltd.
ZURICH, V8
Signatory
Stefan Demuth
Chief Executive Officer