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ZKB Asset Management
Iwan Deplazes · Asset Manager · Multi-Strategy
Zürcher Kantonalbank Asset Management is the investment arm of Zürcher Kantonalbank, the largest cantonal bank in Switzerland. Founded in 1870 as a public-law institution, it has developed into one of Switzerland's leading asset managers, overseeing approximately CHF 300 billion in assets. Operating largely under the Swisscanto brand, the firm provides a comprehensive range of investment solutions for institutional, private, and corporate clients. Its offerings include active and passive strategies across equities, fixed income, real estate, and private equity. The institution is recognized as a pioneer in sustainable investing and is one of the largest providers of indexed products and precious metal ETFs in the European market, emphasizing its role as a stable and socially responsible Swiss financial institution.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +14.4% |
| YTD return | +7.4% |
| Sharpe ratio | 2.90 |
| Win rate | 50% |
| AUM | $24.6B |
| Inception | Oct 1, 2025 |
| Updated | Sep 11, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $24.6B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.zkb.ch/en/our-solutions/asset-management.html |
Current Holdings
Updated on Sep 11, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| NVDA | NVIDIA Corporation | 14.4% | +14.6% |
| UBS | UBS Group AG | 12.4% | +33.2% |
| AAPL | Apple Inc | 12.1% | +28.1% |
| GOOGL | Alphabet Inc Class A | 9.8% | +35.0% |
| MSFT | Microsoft Corporation | 9.5% | -0.4% |
| AMZN | Amazon.com Inc | 6.5% | +13.6% |
| AVGO | Broadcom Inc | 4.7% | +7.0% |
| MU | Micron Technology Inc | 3.7% | +0.4% |
| META | Meta Platforms Inc. | 3.3% | -3.2% |
| LLY | Eli Lilly and Company | 3.2% | +23.8% |
| AMD | Advanced Micro Devices Inc | 2.5% | +9.5% |
| TSLA | Tesla Inc | 2.4% | -18.8% |
| ALC | Alcon AG | 2.3% | -11.5% |
| V | Visa Inc. Class A | 2.1% | +5.7% |
| JPM | JPMorgan Chase & Co | 2.0% | +14.6% |
| AMRZ | Amrize Ltd | 2.0% | -16.6% |
| UL | Unilever PLC ADR | 1.9% | -4.3% |
| SHEL | Shell PLC ADR | 1.9% | +29.9% |
| MA | Mastercard Inc | 1.8% | -4.4% |
| XOM | Exxon Mobil Corp | 1.6% | +0.5% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 31, 2026 | BUY | AMRZ | 2.0% → 2.0% |
| Aug 31, 2026 | SELL | TSLA | 2.6% → 2.4% |
| Aug 31, 2026 | BUY | GOOGL | 9.9% → 9.8% |
| Aug 31, 2026 | BUY | V | 2.1% → 2.1% |
| Aug 31, 2026 | SELL | XOM | 1.7% → 1.6% |
Investment Style Analysis
ZKB Asset Management is widely recognized for employing a Multi-Strategy strategy. As of Sep 11, 2026, the firm oversees approximately $24.6B in assets under management (AUM). The portfolio demonstrates a clear preference for the Semiconductors and Banks - Diversified sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 31, ZKB Asset Management made a significant move by increasing exposure to AMRZ. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
ZKB Asset Management's philosophy is rooted in long-term value creation through a dual approach of active and passive investment solutions. The firm integrates environmental, social, and governance (ESG) criteria into its core investment processes, adhering to international climate targets for its actively managed portfolios. Their strategy combines fundamental research with systematic quantitative analysis to identify market opportunities while maintaining a strict focus on risk management and transparency. By offering high-quality, cost-efficient indexed products alongside specialized active mandates, they aim to deliver sustainable risk-adjusted returns. The firm emphasizes its commitment to 'Swissness,' which translates to precision, reliability, and a focus on contributing to the long-term economic and social stability of the Swiss financial ecosystem.
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 ZKB Asset Management.
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Frequently asked questions
How is the simulated portfolio for ZKB Asset Management 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 ZKB Asset Management's largest holding?
As of the latest filing, ZKB Asset Management's top position is NVIDIA Corporation (NVDA), representing 14.4% of the portfolio. This reflects a high-conviction bet by the institution.
What is ZKB Asset Management's historical performance and risk profile?
Our simulation indicates a total return of +14.4% with a win rate of 50%. Notably, the portfolio maintains a Sharpe Ratio of 2.90, suggesting an excellent level of risk-adjusted returns compared to the broader market.
What sectors does ZKB Asset Management primarily invest in?
ZKB Asset Management has a strong preference for the Semiconductors sector, which makes up 25.2% of their disclosed assets. The portfolio also has exposure to Banks - Diversified, indicating a specific thematic focus.
Is ZKB Asset Management's portfolio concentrated or diversified?
ZKB Asset Management runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 38.9% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has ZKB Asset Management performed in 2026?
Our AI-simulated model portfolio for ZKB Asset Management tracks a Year-to-Date (YTD) return of +7.4%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Iwan Deplazes manage ZKB Asset Management directly?
Yes, Iwan Deplazes serves as the key portfolio manager for ZKB Asset Management, overseeing the investment strategy and final capital allocation decisions.