Business Context and Reporting Period
This filing is a Form 13F-HR (Holdings Report) submitted by UBS Group AG, an institutional investment manager based in Zurich, Switzerland. The report covers the calendar quarter ended December 31, 2025, and was signed on January 29, 2026, by Andrew Johnson, Head of Group Shareholding Reporting AMER.
Key Financial Metrics
As a Form 13F filing, this document discloses equity holdings rather than the issuer's own financial performance (revenue, profit, or cash flow). The following metrics relate to the reported portfolio:
- Total Portfolio Value: $616,682,639,290 (rounded to the nearest dollar).
- Total Number of Holdings: 24,019 entries.
- Reporting Scope: This is a Combination Report, meaning a portion of holdings is reported here while other portions are reported by separate managers.
- Other Included Managers: 12 additional managers are included in this filing.
Material Changes and Portfolio Composition
The filing does not provide comparative data against the prior period (e.g., Q3 2025) to calculate material changes in holdings or value. The report aggregates holdings across multiple distinct business units and subsidiaries, including:
- UBS Financial Services Inc
- Credit Suisse International
- Credit Suisse Hedging-Griffo Wealth Management S.A.
- UBS AG, UBS Switzerland AG, and UBS Europe SE
- Regional entities including UBS Bank (Canada), UBS Brasil, UBS (Monaco), and UBS SuMi TRUST.
Guidance, Risks, and Contingencies
The filing contains no management commentary, forward-looking guidance, or specific risk disclosures regarding the portfolio's future performance. The document includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness and that readers should not assume the data is accurate or complete.
Key Facts for Investor Verification
- Verify the total reported value of approximately $616.7 billion against the sum of individual holdings in the full schedule.
- Confirm the scope of the "Combination Report" to ensure no significant holdings are omitted by the 12 other included managers.
- Note the inclusion of Credit Suisse entities, reflecting the integration of assets following the acquisition.
- Recognize that this filing reports equity holdings only and does not disclose derivatives, fixed income, or cash positions.