Italian Investment Manager Adds More Shares of Global Financial Titan. Should Retail Investors Follow Suit?
Key Points
Increased UBS position by 380,665 shares; estimated trade value of $14,783,661 for the quarter ended September 30, 2025, based on the average quarterly price
Post-trade stake totals 2,337,752 shares, valued at $76.00 million
UBS accounts for 1.62% of the fund’s AUM, which places it outside the fund’s top five holdings
- These 10 stocks could mint the next wave of millionaires ›
Generali Asset Management disclosed the purchase of 380,665 UBS Group AG (NYSE:UBS) shares, representing an estimated $14.78 million trade, in its SEC filing for the period ended Q3 2025, filed on October 21, 2025.
What Happened
According to an SEC filing dated October 21, 2025, Generali Asset Management SPA SGR increased its position in UBS by about 381,000 shares. The estimated $14.78 million trade, based on the average price in the quarter, brings its total position to roughly 2.3 million shares, worth $76.00 million at quarter-end.
What Else to Know
The fund increased its UBS stake to 1.62% of 13F AUM after the trade.
Top holdings after the filing:
- NASDAQ:NVDA: $391.67 million (8.4% of AUM) as of September 30, 2025
- NASDAQ:MSFT: $312.52 million (6.7% of AUM) as of September 30, 2025
- NASDAQ:GOOGL: $221.33 million (4.7% of AUM) as of September 30, 2025
- NASDAQ:AAPL: $156.74 million (3.4% of AUM) as of September 30, 2025
- NASDAQ:TSLA: $104.45 million (2.2% of AUM) as of September 30, 2025
As of October 20, 2025, shares were priced at $38.36; UBS rose 18.7% over the past year, outperforming the S&P 500 by 6.3 percentage points during the same period.
Company Overview
| Metric | Value |
|---|---|
| Price (as of market close October 20, 2025) | $38.36 |
| Market Capitalization | $122.10 billion |
| Revenue (TTM) | $81.56 billion |
| Net Income (TTM) | $6.31 billion |
Company Snapshot
UBS operates globally, with a diversified business spanning wealth management, banking, and asset management. The company leverages its scale and expertise to deliver comprehensive solutions to a broad client base, focusing on high-value advisory and investment services. UBS's integrated model and strong international presence underpin its competitive position in the financial sector.
The company offers financial advisory, wealth management, personal and corporate banking, asset management, and investment banking services globally. It serves ultra high net worth and high net worth individuals, corporations, institutions, and private clients worldwide.
Headquartered in Zurich, Switzerland, with a workforce of over 100,000 employees.
Foolish Take
Generali Asset Management, a division of Italian insurance giant Generali, recently acquired roughly $14.8 million worth of UBS shares. This is a significant purchase, and it makes UBS Generali's 9th-largest holding.
Here's why it matters: UBS, the Swiss banking giant, has performed well in recent years. Indeed, over the last three years, shares of UBS have advanced by 173%, equating to a compound annual growth rate (CAGR) of 39.8%. That compares favorably to the S&P 500, which has generated a total return of 88% over that same period, equating to a CAGR of 23.3%.
What's more, UBS has been a standout not just among the stock market as a whole, but also within its industry. The Financial Select Sector SPDR Fund (XLF), which tracks many large financial stocks, has generated a total return of 72% over the last three years, resulting in a CAGR of 19.9%.
So, any way you slice it, UBS stands out as a solid performer. And now Generali is loading up an additional $14.8 million worth of its stock. It looks like another bullish catalyst for the Swiss banking giant.
Nevertheless, there are risks for UBS. For one, as a major financial institution, the company is sensitive to the global economy and in particular to the financial markets. A recession, stock market correction, or an outright bear market pose a risk to the stock's performance.
However, it's clear: UBS has a proven record of outperformance against both the S&P 500 and the financial sector. Retail investors should take note.
Glossary
Asset Management: Professional management of investments on behalf of clients to achieve specific financial goals.
13F: A quarterly report filed by institutional investment managers disclosing their equity holdings to the SEC.
AUM (Assets Under Management): The total market value of assets that an investment manager oversees for clients.
Reportable Assets: Investments that must be disclosed in regulatory filings, such as the SEC's 13F report.
Stake: The ownership interest or amount of shares held in a company by an investor or fund.
Quarter End: The last day of a fiscal quarter, used as a reporting reference point.
Outperforming: Achieving a higher return compared to a specific benchmark or index over a given period.
Ultra High Net Worth: Individuals or entities with exceptionally large investable assets, typically over $30 million.
Wealth Management: Financial services that provide investment advice and planning for high net worth clients.
Integrated Model: A business approach that combines multiple services or divisions to offer comprehensive solutions.
TTM: The 12-month period ending with the most recent quarterly report.
Where to invest $1,000 right now
When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor’s total average return is 1,076%* — a market-crushing outperformance compared to 191% for the S&P 500.
They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor.
See the stocks »
*Stock Advisor returns as of October 20, 2025
Jake Lerch has positions in Alphabet, Nvidia, and Tesla. The Motley Fool has positions in and recommends Alphabet, Apple, Microsoft, Nvidia, and Tesla. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
Recommended Articles
