Lugano Financial Advisors SA has filed a Form 13F-HR with the U.S. Securities and Exchange Commission, disclosing its equity holdings as of September 30, 2026. The filing reports the firm holds positions in 242 different companies, with the total number of shares held across these positions reaching 171,480,167.
The portfolio is heavily weighted toward exchange-traded funds (ETFs), which comprise the majority of the holdings. The top positions include the SPDR S&P 500 ETF Trust, which is held in 49,970 shares, and the Schwab Strategic Trust Fund Emerging Markets Equity ETF, held in 373,990 shares. Other significant ETF holdings include the SPDR Gold Trust (22,178 shares) and the SPDR Series Trust Short-Term Bond ETF (210,506 shares).
Among individual equities, Microsoft Corporation is the largest holding, with 6,208 shares. Other notable individual stock positions include Amazon.com Inc. (10,580 shares), Apple Inc. (3,899 shares), Alphabet Inc. Class C (2,804 shares), and Alphabet Inc. Class A (2,382 shares). The filing also lists positions in Caterpillar Inc., NVIDIA Corporation, Visa Inc., and Mastercard Incorporated, among others.
The portfolio manager listed on the filing is Riccardo De Marco, who manages the account from Lugano, Switzerland.
