Last refreshed: October 26, 2026 (US ET)

Portfolio Changes

PQNT · Pictet's AI selects approximately 300 international developed-market stocks. Launched in 2025.

MEDIUM

AI ETFs are now 31.8% defensive — consider a more cautious stance and a larger cash buffer.

From
→
To

Defensive

31.8%

defensive sector weight

Cash

6.2%

cash & residual

New

0

newly added

Out

0

exited

↑/↓

36/39

weight changes

Portfolio Changes

2026-10-22→2026-10-23

75 changes

▲ UPOR
+0.05%
L'OREAL /EUR/
Defensive0.84% → 0.89%
▲ UPGALD
+0.03%
GALDERMA GROUP AG /CHF/
Growth1.04% → 1.07%
▲ UP6758
+0.03%
SONY GROUP CORP /JPY/
Growth1.37% → 1.40%
▲ UPWBC
+0.02%
WESTPAC BANKING CORP /AUD/
Unknown0.51% → 0.53%
▲ UP9983
+0.02%
FAST RETAILING CO LTD /JPY/
Growth0.85% → 0.87%
▲ UP8801
+0.02%
MITSUI FUDOSAN CO LTD /JPY/
Defensive0.47% → 0.49%
▲ UPCBA
+0.02%
COMMONWEALTH BANK OF AUS /AUD/
Growth0.48% → 0.50%
▲ UPSCHN
+0.02%
SCHINDLER HOLDING AG-REG /CHF/
Defensive0.55% → 0.57%
▲ UPKBC
+0.02%
KBC GROUP NV /EUR/
Growth0.68% → 0.70%
▲ UPNAB
+0.02%
NATIONAL AUSTRALIA BANK /AUD/
Growth0.37% → 0.39%
▲ UP8725
+0.01%
MS&AD INSURANCE GROUP HOLDINGS /JPY/
Growth0.20% → 0.21%
▲ UP8766
+0.01%
TOKIO MARINE HOLDINGS INC /JPY/
Growth0.63% → 0.64%
▲ UP8802
+0.01%
MITSUBISHI ESTATE CO LTD /JPY/
Unknown0.19% → 0.20%
▲ UP8830
+0.01%
SUMITOMO REALTY & DEVELO /JPY/
Unknown0.42% → 0.43%
▲ UPAAL
+0.01%
ANGLO AMERICAN PLC /GBP/
Defensive0.62% → 0.63%
▲ UPANZ
+0.01%
ANZ GROUP HOLDINGS LTD /AUD/
Growth0.68% → 0.69%
▲ UPASSAB
+0.01%
ASSA ABLOY AB-B /SEK/
Defensive0.75% → 0.76%
▲ UPBNP
+0.01%
BNP PARIBAS /EUR/
Growth1.00% → 1.01%
▲ UPCABK
+0.01%
CAIXABANK SA /EUR/
Growth0.13% → 0.14%
▲ UPDSY
+0.01%
DASSAULT SYSTEMES SE /EUR/
Defensive0.04% → 0.05%
▲ UPIBE
+0.01%
IBERDROLA SA /EUR/
Defensive0.84% → 0.85%
▲ UPISP
+0.01%
INTESA SANPAOLO /EUR/
Growth0.97% → 0.98%
▲ UPNG.L
+0.01%
NATIONAL GRID PLC /GBP/
Defensive0.38% → 0.39%
▲ UPSAND.SS
+0.01%
SANDVIK AB /SEK/
Unknown0.09% → 0.10%
▲ UPTEN
+0.01%
TENARIS SA /EUR/
Defensive0.18% → 0.19%
▲ UPWES
+0.01%
WESFARMERS LTD /AUD/
Defensive0.20% → 0.21%
▲ UP1113
+0.01%
CK ASSET HOLDINGS LTD /HKD/
Defensive0.12% → 0.13%
▲ UPWKL.NA
+0.01%
WOLTERS KLUWER /EUR/
Defensive0.24% → 0.25%
▲ UP1928
+0.01%
SEKISUI HOUSE LTD /JPY/
Growth0.09% → 0.10%
▲ UP285A
+0.01%
KIOXIA HOLDINGS CORP /JPY/
Growth0.42% → 0.43%
▲ UP2914
+0.01%
JAPAN TOBACCO INC /JPY/
Defensive0.88% → 0.89%
▲ UP669
+0.01%
TECHTRONIC INDUSTRIES CO /HKD/
Defensive0.14% → 0.15%
▲ UP7203
+0.01%
TOYOTA MOTOR CORP /JPY/
Growth0.57% → 0.58%
▲ UP7269
+0.01%
SUZUKI MOTOR CORP /JPY/
Growth0.29% → 0.30%
▲ UP8035
+0.01%
TOKYO ELECTRON LTD /JPY/
Growth0.79% → 0.80%
▲ UP8601
+0.01%
DAIWA SECURITIES GROUP I /JPY/
Growth0.42% → 0.43%
▼ DN9434
-0.01%
SOFTBANK CORP /JPY/
Growth0.31% → 0.30%
▼ DNABBN
-0.01%
ABB LTD-REG /CHF/
Defensive0.53% → 0.52%
▼ DNAIR.FP
-0.01%
AIRBUS SE /EUR/
Defensive0.24% → 0.23%
▼ DNBATS
-0.01%
BRITISH AMERICAN TOBACCO /GBP/
Defensive1.48% → 1.47%
▼ DNCAP
-0.01%
CAPGEMINI SE /EUR/
Unknown0.38% → 0.37%
▼ DNCS
-0.01%
AXA SA /EUR/
Growth0.66% → 0.65%
▼ DNDB1
-0.01%
DEUTSCHE BOERSE AG /EUR/
Unknown0.36% → 0.35%
▼ DNDTE
-0.01%
DEUTSCHE TELEKOM AG-REG /EUR/
Defensive0.40% → 0.39%
▼ DNEFA
-0.01%
ISHARES MSCI EAFE ETF
Unknown4.80% → 4.79%
▼ DNENGI
-0.01%
ENGIE /EUR/
Defensive0.62% → 0.61%
▼ DNENR.GY
-0.01%
SIEMENS ENERGY AG /EUR/
Unknown0.68% → 0.67%
▼ DNEVN
-0.01%
EVOLUTION MINING LTD /AUD/
Defensive0.13% → 0.12%
▼ DNGJF
-0.01%
GJENSIDIGE FORSIKRING AS /NOK/
Growth0.08% → 0.07%
▼ DNIEFA
-0.01%
ISHARES CORE MSCI EAFE ETF
Unknown4.79% → 4.78%
▼ DNIHG
-0.01%
INTERCONTINENTAL HOTELS GROU
Growth0.40% → 0.39%
▼ DNINDT
-0.01%
INDUTRADE AB /SEK/
Defensive0.24% → 0.23%
▼ DNINGA
-0.01%
ING GROEP NV /EUR/
Growth0.74% → 0.73%
▼ DNLIFCBS
-0.01%
LIFCO AB-B SHS /SEK/
Defensive0.13% → 0.12%
▼ DNNOVN
-0.01%
NOVARTIS AG-REG /CHF/
Growth1.44% → 1.43%
▼ DNNWG
-0.01%
NATWEST GROUP PLC /GBP/
Growth0.61% → 0.60%
▼ DNNXT
-0.01%
NEXT PLC /GBP/
Growth0.54% → 0.53%
▼ DNRIO
-0.01%
RIO TINTO PLC /GBP/
Defensive1.22% → 1.21%
▼ DNRWE
-0.01%
RWE AG /EUR/
Defensive0.31% → 0.30%
▼ DNS32
-0.01%
SOUTH32 LTD /AUD/
Defensive0.23% → 0.22%
▼ DNULVR
-0.01%
UNILEVER PLC /GBP/
Defensive0.22% → 0.21%
▼ DNVOD
-0.01%
VODAFONE GROUP PLC /GBP/
Defensive0.45% → 0.44%
▼ DN4062
-0.01%
IBIDEN CO LTD /JPY/
Unknown0.19% → 0.18%
▼ DN5802
-0.01%
SUMITOMO ELECTRIC INDUST /JPY/
Defensive0.33% → 0.32%
▼ DN6762
-0.01%
TDK CORP /JPY/
Growth0.20% → 0.19%
▼ DN6981
-0.01%
MURATA MANUFACTURING CO /JPY/
Unknown0.21% → 0.20%
▼ DN6988
-0.01%
NITTO DENKO CORP /JPY/
Defensive0.30% → 0.29%
▼ DN8031
-0.01%
MITSUI & CO LTD /JPY/
Defensive0.52% → 0.51%
▼ DN8306
-0.01%
MITSUBISHI UFJ FINANCIAL /JPY/
Growth0.61% → 0.60%
▼ DNASML
-0.02%
ASML HOLDING NV /EUR/
Growth3.11% → 3.09%
▼ DN6702
-0.02%
FUJITSU LIMITED /JPY/
Growth0.93% → 0.91%
▼ DNCFR
-0.03%
CIE FINANCIERE RICHEMO-A /CHF/
Defensive0.49% → 0.46%
▼ DN6501
-0.04%
HITACHI LTD /JPY/
Defensive0.88% → 0.84%
▼ DNSAF.FP
-0.04%
SAFRAN SA /EUR/
Defensive0.43% → 0.39%
▼ DNRR.L
-0.06%
ROLLS-ROYCE HOLDINGS PLC /GBP/
Defensive0.86% → 0.80%
CHANGETICKERCOMPANYTYPEPREV %CURR %Δ ▼
▲ UPORL'OREAL /EUR/Defensive0.84%0.89%+0.05%
▲ UPGALDGALDERMA GROUP AG /CHF/Growth1.04%1.07%+0.03%
▲ UP6758SONY GROUP CORP /JPY/Growth1.37%1.40%+0.03%
▲ UPWBCWESTPAC BANKING CORP /AUD/Unknown0.51%0.53%+0.02%
▲ UP9983FAST RETAILING CO LTD /JPY/Growth0.85%0.87%+0.02%
▲ UP8801MITSUI FUDOSAN CO LTD /JPY/Defensive0.47%0.49%+0.02%
▲ UPCBACOMMONWEALTH BANK OF AUS /AUD/Growth0.48%0.50%+0.02%
▲ UPSCHNSCHINDLER HOLDING AG-REG /CHF/Defensive0.55%0.57%+0.02%
▲ UPKBCKBC GROUP NV /EUR/Growth0.68%0.70%+0.02%
▲ UPNABNATIONAL AUSTRALIA BANK /AUD/Growth0.37%0.39%+0.02%
▲ UP8725MS&AD INSURANCE GROUP HOLDINGS /JPY/Growth0.20%0.21%+0.01%
▲ UP8766TOKIO MARINE HOLDINGS INC /JPY/Growth0.63%0.64%+0.01%
▲ UP8802MITSUBISHI ESTATE CO LTD /JPY/Unknown0.19%0.20%+0.01%
▲ UP8830SUMITOMO REALTY & DEVELO /JPY/Unknown0.42%0.43%+0.01%
▲ UPAALANGLO AMERICAN PLC /GBP/Defensive0.62%0.63%+0.01%
▲ UPANZANZ GROUP HOLDINGS LTD /AUD/Growth0.68%0.69%+0.01%
▲ UPASSABASSA ABLOY AB-B /SEK/Defensive0.75%0.76%+0.01%
▲ UPBNPBNP PARIBAS /EUR/Growth1.00%1.01%+0.01%
▲ UPCABKCAIXABANK SA /EUR/Growth0.13%0.14%+0.01%
▲ UPDSYDASSAULT SYSTEMES SE /EUR/Defensive0.04%0.05%+0.01%
▲ UPIBEIBERDROLA SA /EUR/Defensive0.84%0.85%+0.01%
▲ UPISPINTESA SANPAOLO /EUR/Growth0.97%0.98%+0.01%
▲ UPNG.LNATIONAL GRID PLC /GBP/Defensive0.38%0.39%+0.01%
▲ UPSAND.SSSANDVIK AB /SEK/Unknown0.09%0.10%+0.01%
▲ UPTENTENARIS SA /EUR/Defensive0.18%0.19%+0.01%
▲ UPWESWESFARMERS LTD /AUD/Defensive0.20%0.21%+0.01%
▲ UP1113CK ASSET HOLDINGS LTD /HKD/Defensive0.12%0.13%+0.01%
▲ UPWKL.NAWOLTERS KLUWER /EUR/Defensive0.24%0.25%+0.01%
▲ UP1928SEKISUI HOUSE LTD /JPY/Growth0.09%0.10%+0.01%
▲ UP285AKIOXIA HOLDINGS CORP /JPY/Growth0.42%0.43%+0.01%
▲ UP2914JAPAN TOBACCO INC /JPY/Defensive0.88%0.89%+0.01%
▲ UP669TECHTRONIC INDUSTRIES CO /HKD/Defensive0.14%0.15%+0.01%
▲ UP7203TOYOTA MOTOR CORP /JPY/Growth0.57%0.58%+0.01%
▲ UP7269SUZUKI MOTOR CORP /JPY/Growth0.29%0.30%+0.01%
▲ UP8035TOKYO ELECTRON LTD /JPY/Growth0.79%0.80%+0.01%
▲ UP8601DAIWA SECURITIES GROUP I /JPY/Growth0.42%0.43%+0.01%
▼ DN9434SOFTBANK CORP /JPY/Growth0.31%0.30%-0.01%
▼ DNABBNABB LTD-REG /CHF/Defensive0.53%0.52%-0.01%
▼ DNAIR.FPAIRBUS SE /EUR/Defensive0.24%0.23%-0.01%
▼ DNBATSBRITISH AMERICAN TOBACCO /GBP/Defensive1.48%1.47%-0.01%
▼ DNCAPCAPGEMINI SE /EUR/Unknown0.38%0.37%-0.01%
▼ DNCSAXA SA /EUR/Growth0.66%0.65%-0.01%
▼ DNDB1DEUTSCHE BOERSE AG /EUR/Unknown0.36%0.35%-0.01%
▼ DNDTEDEUTSCHE TELEKOM AG-REG /EUR/Defensive0.40%0.39%-0.01%
▼ DNEFAISHARES MSCI EAFE ETFUnknown4.80%4.79%-0.01%
▼ DNENGIENGIE /EUR/Defensive0.62%0.61%-0.01%
▼ DNENR.GYSIEMENS ENERGY AG /EUR/Unknown0.68%0.67%-0.01%
▼ DNEVNEVOLUTION MINING LTD /AUD/Defensive0.13%0.12%-0.01%
▼ DNGJFGJENSIDIGE FORSIKRING AS /NOK/Growth0.08%0.07%-0.01%
▼ DNIEFAISHARES CORE MSCI EAFE ETFUnknown4.79%4.78%-0.01%
▼ DNIHGINTERCONTINENTAL HOTELS GROUGrowth0.40%0.39%-0.01%
▼ DNINDTINDUTRADE AB /SEK/Defensive0.24%0.23%-0.01%
▼ DNINGAING GROEP NV /EUR/Growth0.74%0.73%-0.01%
▼ DNLIFCBSLIFCO AB-B SHS /SEK/Defensive0.13%0.12%-0.01%
▼ DNNOVNNOVARTIS AG-REG /CHF/Growth1.44%1.43%-0.01%
▼ DNNWGNATWEST GROUP PLC /GBP/Growth0.61%0.60%-0.01%
▼ DNNXTNEXT PLC /GBP/Growth0.54%0.53%-0.01%
▼ DNRIORIO TINTO PLC /GBP/Defensive1.22%1.21%-0.01%
▼ DNRWERWE AG /EUR/Defensive0.31%0.30%-0.01%
▼ DNS32SOUTH32 LTD /AUD/Defensive0.23%0.22%-0.01%
▼ DNULVRUNILEVER PLC /GBP/Defensive0.22%0.21%-0.01%
▼ DNVODVODAFONE GROUP PLC /GBP/Defensive0.45%0.44%-0.01%
▼ DN4062IBIDEN CO LTD /JPY/Unknown0.19%0.18%-0.01%
▼ DN5802SUMITOMO ELECTRIC INDUST /JPY/Defensive0.33%0.32%-0.01%
▼ DN6762TDK CORP /JPY/Growth0.20%0.19%-0.01%
▼ DN6981MURATA MANUFACTURING CO /JPY/Unknown0.21%0.20%-0.01%
▼ DN6988NITTO DENKO CORP /JPY/Defensive0.30%0.29%-0.01%
▼ DN8031MITSUI & CO LTD /JPY/Defensive0.52%0.51%-0.01%
▼ DN8306MITSUBISHI UFJ FINANCIAL /JPY/Growth0.61%0.60%-0.01%
▼ DNASMLASML HOLDING NV /EUR/Growth3.11%3.09%-0.02%
▼ DN6702FUJITSU LIMITED /JPY/Growth0.93%0.91%-0.02%
▼ DNCFRCIE FINANCIERE RICHEMO-A /CHF/Defensive0.49%0.46%-0.03%
▼ DN6501HITACHI LTD /JPY/Defensive0.88%0.84%-0.04%
▼ DNSAF.FPSAFRAN SA /EUR/Defensive0.43%0.39%-0.04%
▼ DNRR.LROLLS-ROYCE HOLDINGS PLC /GBP/Defensive0.86%0.80%-0.06%