International Business Machines Corporation
MX ˙ BMV ˙ US4592001014
SecurityMX:IBM / International Business Machines Corporation
InstitutionGAM Holding AG
Latest Disclosed Ownership51,039 shares
Latest Disclosed Value $ 15,118,262
GAM Holding AG reports 0.96% increase in ownership of IBM / International Business Machines Corporation

On February 17, 2026 - GAM Holding AG filed a 13F-HR form disclosing ownership of 51,039 shares of International Business Machines Corporation (MX:IBM) valued at $15,118,262 USD as of December 31, 2025. The entity filed a previous 13F-HR on October 21, 2025 disclosing 50,553 shares of International Business Machines Corporation. This represents a change in shares of 0.96% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-17 2025-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 51,039 486 0.96 15,118 5.99 0.7331
2025-10-21 2025-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 50,553 45,605 921.69 14,264 878.33 0.8816
2025-08-04 2025-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,948 4,948 1,459 0.1025
2025-04-22 2025-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 0 -5,670 -100.00 0 -100.00
2025-01-31 2024-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 5,670 5,670 1,246 0.0929
2021-05-10 2021-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 0 -24,927 -100.00 0 -100.00
2021-02-10 2020-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 24,927 -161 -0.64 3,138 2.82 0.1861
2020-11-06 2020-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 25,088 -59 -0.23 3,052 0.49 0.1837
2020-08-10 2020-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 25,147 -2,951 -10.50 3,037 -2.57 0.1888
2020-05-12 2020-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 28,098 3,445 13.97 3,117 -5.66 0.2119
2020-02-06 2019-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 24,653 -11,635 -32.06 3,304 -37.39 0.1561
2019-11-08 2019-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 36,288 -3,848 -9.59 5,277 -4.66 0.2323
2019-08-12 2019-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 40,136 -46,252 -53.54 5,535 -54.59 0.2162
2019-05-10 2019-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 86,388 -3,100 -3.46 12,189 19.83 0.5121
2019-02-08 2018-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 89,488 2,946 3.40 10,172 -22.27 0.5147
2018-11-13 2018-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 86,542 11,105 14.72 13,086 24.18 0.4762
2018-08-09 2018-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 75,437 15,442 25.74 10,538 14.48 0.3665
2018-05-15 2018-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 59,995 14,341 31.41 9,205 31.42 0.3248
2018-02-14 2017-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 45,654 20,842 84.00 7,004 94.56 0.2148
2017-11-14 2017-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 24,812 -250,570 -90.99 3,600 -91.50 0.1519
2017-08-07 2017-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 275,382 78,781 40.07 42,362 23.74 0.6248
2017-05-12 2017-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 196,601 -3,167 -1.59 34,236 3.25 0.5409
2017-02-10 2016-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 199,768 53,237 36.33 33,159 42.46 0.5813
2016-11-07 2016-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 146,531 -26,368 -15.25 23,276 -11.31 0.4090
2016-08-11 2016-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 172,899 42,534 32.63 26,243 32.92 0.4069
2016-05-13 2016-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 130,365 3,389 2.67 19,744 12.99 0.3286
2016-02-08 2015-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 126,976 16,921 15.38 17,474 9.52 0.2721
2015-11-12 2015-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 110,055 261 0.24 15,955 -10.66 0.2742
2015-07-27 2015-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 109,794 -3,725 -3.28 17,859 -1.98 0.2585
2015-05-12 2015-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 113,519 1,506 1.34 18,220 1.39 0.2726
2015-02-06 2014-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 112,013 -5,182 -4.42 17,971 -19.22 0.2685
2014-11-12 2014-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 117,195 -14,448 -10.98 22,247 -6.77 0.3232
2014-08-11 2014-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 131,643 -9,637 -6.82 23,863 -12.25 0.3621
2014-05-15 2014-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 141,280 3,669 2.67 27,195 5.40 0.4367
2014-02-12 2013-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 137,611 -45,670 -24.92 25,802 -23.98 0.4499
2013-11-12 2013-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 183,281 -47,382 -20.54 33,940 -23.01 0.6353
2013-08-13 2013-06-30 13F Intl. Business Machines Com COM 459200101 230,663 230,663 44,081 0.9642
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.