Leonteq's Multi-Sector Growth
Leonteq Significantly Boosts Equity Stakes Across Diverse Sectors During First Quarter
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Key Points
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Leonteq's stake in Intuit surged 177.2% in the first quarter, bringing holdings to 10,251 shares after acquiring 6,553 more; the position was valued at about $4.43 million.
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Leonteq expanded its IBM position by 6,475 shares in the quarter, increasing to 16,582 shares valued at roughly $4.02 million.
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In MP Materials, Leonteq added 13,615 shares in the quarter, lifting the total to 62,130 shares worth about $2.998 million.
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In McCormick & Company, Leonteq's stake jumped 1,678.8% to 252,810 shares; the quarter also saw other large investors increase positions, including Deprince Race & Zollo Inc. by 330.3% to 694,914 shares and Fjarde AP Fonden up 156.8% to 98,194 shares.
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Leonteq raised its RTX stake by 63.4% to 22,831 shares, valued at about $4.40 million; RTX's broader shareholder base includes major holders such as Vanguard Group Inc (1.8% fourth-quarter increase to 124,986,171 shares, worth roughly $22.92 billion) and State Street Corp (to 91,884,588 shares), among others.
Swiss financial firm Leonteq Securities AG made sweeping moves in the first quarter, sharply raising its equity stakes across multiple sectors. The biggest single jump came in McCormick & Company, where Leonteq's position exploded by 1,678.8% to 252,810 shares, worth about $12.75 million, according to Watchlist News.
The firm also made significant moves in software, defense, materials, and banking. The quarter's activity paints a picture of a firm actively reshaping its U.S. equity portfolio across a wide range of industries, according to recent 13F filings with the Securities and Exchange Commission (SEC).
McCormick and Intuit See the Biggest Stake Jumps
Leonteq's stake in McCormick & Company was the quarter's standout move. The firm went from a tiny position to 252,810 shares, a jump of 1,678.8%. At the time of filing, those shares were worth roughly $12.75 million. Other large investors also moved into McCormick during the same period. Deprince Race & Zollo Inc. raised its stake by 330.3% to 694,914 shares. Fjarde AP Fonden grew its position by 156.8% to 98,194 shares, according to Ticker Report.
In Intuit, Leonteq added 6,553 shares during the quarter. That brought its total to 10,251 shares, a 177.2% increase. The position was valued at about $4.43 million. Intuit makes popular financial software including TurboTax and QuickBooks, according to Watchlist News.
IBM and RTX Defense Stock Positions Climb Sharply
Leonteq expanded its IBM position by 64.1% in the first quarter. It added 6,475 shares to reach a total of 16,582 shares. The stake was valued at roughly $4.02 million. IBM is one of the world's largest technology and consulting companies, according to Watchlist News.
The firm also raised its stake in RTX, the defense and aerospace giant, by 63.4%. It now holds 22,831 shares worth about $4.40 million. RTX has an enormous institutional shareholder base. Vanguard Group alone holds 124,986,171 shares, worth roughly $22.92 billion after raising its position by 1.8% in the fourth quarter. State Street Corp holds 91,884,588 shares, according to Ticker Report.
Materials, Retail, and Banking Round Out the Portfolio Moves
In MP Materials, a rare earth mining company, Leonteq added 13,615 shares. The total position rose 28.1% to 62,130 shares. The stake was worth about $2.998 million at the time of the filing. Rare earth materials are used in electric vehicles and electronics, according to Watchlist News.
Leonteq also made bold moves in retail and banking. It boosted its Target Corporation holdings by 106.4% to 21,514 shares during the quarter, according to Ticker Report. The firm raised its HDFC Bank stake by 419.5% to 216,879 shares. HDFC is one of India's largest private banks and trades on the New York Stock Exchange. The firm also surged into DraftKings by 237.6% and QXO by 473.9%, reaching 143,730 shares, according to Ticker Report.
Leonteq's Broad Strategy Points to Multi-Sector Conviction
Taken together, the moves show Leonteq building exposure across technology, defense, materials, consumer goods, and emerging markets. No single sector dominates. Instead, the firm spread its buying across dozens of large-cap names in a single quarter. That kind of broad activity is typical of firms using structured products and hedging strategies tied to equity performance.
13F filings are required by the SEC when institutional investors manage more than $100 million in assets. They show holdings as of the end of each quarter. The filings offer a delayed but detailed look at how major money managers are positioning themselves, according to Ticker Report.
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