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Stocks•3 May 2026•

1 min read

Pictet Asset Management Rebalances Portfolio, Trims Stakes in Delta and Lockheed Martin

Key Facts

1Pictet Asset Management Holding SA reduced its stake in Delta Air Lines by 25.1% during the fourth quarter.

2The firm decreased its holdings in Lockheed Martin Corporation by 19.7%, bringing the position value to approximately $10.64 million.

3The company significantly increased its stake in Smart Share Global Limited by adding 1.9 million shares.

Pictet Asset Management Holding SA executed a significant rebalancing of its investment portfolio during the fourth quarter, reducing exposure to major US industrial and defense players. The firm cut its stake in Delta Air Lines by 25.1% and decreased its holdings in Lockheed Martin Corporation by 19.7%, bringing the latter's position value to approximately $10.64 million. Conversely, the asset manager significantly increased its position in Smart Share Global Limited by acquiring an additional 1.9 million shares. These adjustments follow quarterly performance reviews and reflect sector-specific headwinds in aviation and defense earnings. Analysts view these institutional shifts as mid-tier market signals rather than broad trend reversals. The moves highlight a strategic pivot in capital allocation as the firm navigates evolving macroeconomic conditions and sector-specific valuations.