Managers / Q1 2026

Climber Capital SA

CIK 0002011229 · GRAND-RUE 15, NYON, V8, 1260 · 01141223616611

Reported Value

$153M

Q1 2026

Positions

Filings on Record

2019–present window

Filed

May 1, 2026

original filing

Summary

Climber Capital SA reported $153M in U.S.-listed holdings across 69 positions for Q1 2026.

Its largest position, GQ9, represents 11.0% of the portfolio.

Compared with Q4 2025, the fund opened 12 new positions and exited 1.

Portfolio Metrics

Turnover

+11.4%

vs prior filed quarter

Top-10 Concentration

+45.0%

share of reported value

Largest Position

+11.0%

Spdr Gold

New / Exited

12 / 1

positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value

Portfolio Composition

By security type

ETP · 86.8% · $132M
Common Stock · 10.6% · $16M
Other · 1.7% · $3M
ADR · 0.9% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
First Trust Global Tactical Commodity Strategy Fund	NEW	+145.6K	145.6K	+$4M	$4M
TotalEnergies SE	NEW	+16.3K	16.3K	+$1M	$1M
CHV Chevron Corporation	NEW	+4.5K	4.5K	+$930,820	$930,820
CSCO Cisco Systems Inc	NEW	+10.1K	10.1K	+$780,577	$780,577
TSM Taiwan Semiconductor Manufacturing Co Ltd	NEW	+2.2K	2.2K	+$746,181	$746,181
UBS Group Inc.	NEW	+17.6K	17.6K	+$677,090	$677,090
PBR Petroleo Brasileiro SA - Petrobras	NEW	+30.2K	30.2K	+$627,186	$627,186
PFE Pfizer Inc	NEW	+19.4K	19.4K	+$543,093	$543,093

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

50 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	GQ9 SPDR Gold Trust history →	Commodity ETF	10.98%	$17M	40.7K
2	Vanguard S&P 500 ETF	Equity ETF	7.97%	$12M	20.9K
3	iShares Short Treasury Bond ETF	Bond ETF	4.78%	$7M	66.2K
4	SPDR Portfolio Short Term Corporate Bond ETF	Bond ETF	3.46%	$5M	179.5K
5	Vanguard Short-Term Corporate Bond ETF	Bond ETF	3.35%	$5M	64.6K
6	iShares MSCI EMU Fund	Equity ETF	3.03%	$5M	86.2K
7	Vanguard FTSE Developed Markets ETF	Equity ETF	2.99%	$5M	71.3K
8	iShares Aaa - A Rated Corporate Bond ETF	Bond ETF	2.87%	$4M	94.3K
9	VGSH Vanguard Short-Term Treasury ETF history →	Bond ETF	2.79%	$4M	72.7K
10	SPDR Bloomberg 1-3 Month T-Bill ETF	Bond ETF	2.78%	$4M	46.4K
11	Vanguard High Dividend Yield ETF	Equity ETF	2.73%	$4M	29.4K
12	First Trust Global Tactical Commodity Strategy Fund	Commodity ETF	2.67%	$4M	145.6K
13	Invesco S&P 500 Equal Weight Technology ETF	Equity ETF	2.60%	$4M	95.2K
14	SPDR S&P Dividend ETF	Equity ETF	2.54%	$4M	27.7K
15	SPDR Portfolio Intermediate Term Treasury ETF	Bond ETF	2.51%	$4M	134.0K
16	SPDR Portfolio Intermediate Term Corporate Bond ETF	Bond ETF	2.46%	$4M	112.2K
17	GOOGL Alphabet Inc history →	Ordinary Share	2.41%	$4M	12.8K
18	iShares Core S&P Total U.S. Stock Market ETF	Equity ETF	2.36%	$4M	27.6K
19	iShares MSCI Switzerland Fund	Equity ETF	2.35%	$4M	61.2K
20	SPDR S&P 500 ETF Trust	Equity ETF	2.28%	$3M	5.3K
21	iShares MSCI Global Gold Miners ETF	Equity ETF	2.22%	$3M	43.9K
22	SPDR EURO STOXX 50 ETF	Equity ETF	2.13%	$3M	62.0K
23	AAPL Apple Inc history →	Ordinary Share	1.82%	$3M	10.9K
24	Vanguard FTSE Emerging Markets ETF	Equity ETF	1.42%	$2M	41.4K
25	iShares Russell Mid-Cap ETF	Equity ETF	1.27%	$2M	21.2K
26	iShares TIPS Bond ETF USD (D	Bond ETF	1.14%	$2M	15.8K
27	SPDR Portfolio S&P 1500 Composite Stock Market ETF	Equity ETF	1.12%	$2M	21.6K
28	iShares MSCI All Country Asia ex Japan ETF	Equity ETF	1.10%	$2M	18.6K
29	SPDR Consumers Staples Select Sector ETF	Equity ETF	1.03%	$2M	19.1K
30	TotalEnergies SE	Ordinary Share	0.97%	$1M	16.3K
31	iShares Global Energy ETF	Equity ETF	0.91%	$1M	24.2K
32	Invesco International Corporate Bond ETF	Bond ETF	0.87%	$1M	57.2K
33	MSFT Microsoft Corp	Ordinary Share	0.68%	$1M	2.8K
34	Schwab US Small Cap ETF	Equity ETF	0.63%	$955,876	35.5K
35	CHV Chevron Corporation	Ordinary Share	0.61%	$930,820	4.5K
36	iShares US Healthcare ETF	Equity ETF	0.59%	$901,309	15.8K
37	iShares Core High Dividend ETF	Equity ETF	0.58%	$881,766	6.5K
38	V Visa Inc	Ordinary Share	0.52%	$787,570	2.6K
39	CSCO Cisco Systems Inc	Ordinary Share	0.51%	$780,577	10.1K
40	AMZN Amazon.com Inc	Ordinary Share	0.51%	$772,527	3.7K
41	TSM Taiwan Semiconductor Manufacturing Co Ltd	American Depository Receipt	0.49%	$746,181	2.2K
42	iShares California Muni Bond USD	Bond ETF	0.47%	$718,395	12.7K
43	First Trust California Municipal High Income ETF	Bond ETF	0.47%	$715,170	14.6K
44	UBS Group Inc.	Ordinary Share	0.44%	$677,090	17.6K
45	iShares Russell 3000 ETF	Equity ETF	0.44%	$666,911	1.8K
46	KO Coca-Cola Co	Ordinary Share	0.43%	$656,916	8.6K
47	First Trust Exchange-Traded AlphaDEX Fund II	Equity ETF	0.42%	$645,369	8.1K
48	NDQ Invesco QQQ Trust Series I	Equity ETF	0.42%	$644,408	1.1K
49	IShares Tr.-S&P Gl.Mat.Ind.	Equity ETF	0.42%	$642,117	6.0K
50	PBR Petroleo Brasileiro SA - Petrobras	American Depository Receipt	0.41%	$627,186	30.2K

Filing History

Quarter	Reported Value	Positions	Filed	Type	Links
Q1 2026	$153M	69	May 1, 2026	13F-HR	changes · EDGAR ↗
Q4 2025	$153M	58	Feb 3, 2026	13F-HR	changes · EDGAR ↗
Q2 2025	$156M	66	Aug 6, 2025	13F-HR	changes · EDGAR ↗
Q1 2025	$127M	59	Apr 23, 2025	13F-HR	changes · EDGAR ↗
Q4 2024	$121M	52	Feb 12, 2025	13F-HR	changes · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.