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zCapital AG
Hilmar Langensand · Asset Manager · Value
zCapital AG is an independent asset manager based in Zug, Switzerland, founded in April 2008. Regulated by the Swiss Financial Market Supervisory Authority (FINMA), the firm specializes in Swiss equities and manages a suite of investment funds focusing on small and mid-cap companies, dividend-yielding stocks, and ESG-compliant enterprises. With approximately CHF 2 billion in assets under management, zCapital is known for its lean, expert team and its dedicated focus on the Swiss equity market, utilizing fundamental research and a long-term bottom-up selection process.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +5.0% |
| YTD return | -3.7% |
| Sharpe ratio | 3.73 |
| Win rate | 24% |
| AUM | $0.9B |
| Inception | Oct 1, 2025 |
| Updated | Sep 18, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.9B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.zcapital.ch |
Current Holdings
Updated on Sep 18, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| NVS | Novartis AG ADR | 14.8% | +6.6% |
| SGSOY | SGS SA | 12.8% | 0.0% |
| ABBNY | ABB Ltd | 9.2% | +0.0% |
| VACNY | VAT Group AG | 9.1% | 0.0% |
| SDZNY | Sandoz Group AG | 8.8% | 0.0% |
| GALDY | GALDERMA GROUP AG | 8.3% | +13.3% |
| PSPSY | PSP Swiss Property AG | 7.9% | 0.0% |
| ACLLY | ABB Turbo Systems AG | 7.3% | +37.9% |
| ZURVY | Zurich Insurance Group Ltd | 6.8% | 0.0% |
| SCMWY | SwissCom AG | 4.3% | 0.0% |
| SSREY | Swiss Re Ltd | 3.6% | 0.0% |
| LOGI | Logitech International SA | 2.4% | -7.1% |
| FLGZY | Flughafen Zürich AG | 2.3% | 0.0% |
| LDGYY | Landis+Gyr Group AG | 1.6% | 0.0% |
| CLZNY | Clariant AG | 0.8% | 0.0% |
| SXYAY | Sika AG ADR | 0.1% | -28.8% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Feb 9, 2026 | SELL | ZURVY | 7.1% → 6.8% |
| Feb 9, 2026 | BUY | LOGI | 2.3% → 2.4% |
| Feb 9, 2026 | BUY | ACLLY | 6.3% → 7.3% |
| Feb 9, 2026 | SELL | SXYAY | 0.1% → 0.1% |
| Feb 9, 2026 | SELL | CLZNY | 0.8% → 0.8% |
Investment Style Analysis
zCapital AG is widely recognized for employing a Value strategy. As of Sep 18, 2026, the firm oversees approximately $0.9B in assets under management (AUM). The portfolio demonstrates a clear preference for the Drug Manufacturers - Specialty & Generic and Specialty Industrial Machinery sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Feb 9, zCapital AG made a significant move by reducing the position in ZURVY. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
zCapital employs an active, long-term investment strategy driven by bottom-up fundamental analysis of Swiss companies. The firm focuses on identifying high-quality businesses with strong market positions, sustainable dividend policies, and attractive risk-adjusted return potential. Their philosophy integrates ESG factors as central pillars of the investment process, believing that sustainability is a key driver of long-term corporate success. zCapital also practices active ownership through shareholder engagement and the exercise of voting rights to influence corporate governance and promote transparency.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with zCapital AG.
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Frequently asked questions
How is the simulated portfolio for zCapital AG constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is zCapital AG's largest holding?
As of the latest filing, zCapital AG's top position is Novartis AG ADR (NVS), representing 14.8% of the portfolio. This reflects a high-conviction bet by the institution.
What is zCapital AG's historical performance and risk profile?
Our simulation indicates a total return of +5.0% with a win rate of 24%. Notably, the portfolio maintains a Sharpe Ratio of 3.73, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does zCapital AG primarily invest in?
zCapital AG has a strong preference for the Drug Manufacturers - Specialty & Generic sector, which makes up 17.1% of their disclosed assets. The portfolio also has exposure to Specialty Industrial Machinery, indicating a specific thematic focus.
Is zCapital AG's portfolio concentrated or diversified?
zCapital AG runs a highly concentrated portfolio with 16 disclosed positions. The top 3 holdings alone account for 36.8% of the total portfolio weight, suggesting a strategy that favors deep research into a few key names.
How has zCapital AG performed in 2026?
Our AI-simulated model portfolio for zCapital AG tracks a Year-to-Date (YTD) return of -3.7%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Hilmar Langensand manage zCapital AG directly?
Yes, Hilmar Langensand serves as the key portfolio manager for zCapital AG, overseeing the investment strategy and final capital allocation decisions.