Expected macOS behavior as that the App Switcher is tied directly to where your Dock is currently active. The standard rule for macOS is that the Cmd + Tab app switcher always follows the Dock, not your active window or cursor position.
What happened during your update?
When macOS updates or restarts, it often resets or shifts the active display focus. If your Dock is set to "Automatically hide and show," or if you frequently drag your mouse to the bottom of the screens, the Dock will quietly hop to whichever monitor your cursor last interacted with.
How to lock it back to your Main Display
You can easily revert to your previous setup and ensure the app switcher stays on your main display.
- Move your mouse cursor over to the main display.
- Hover or pull your cursor straight down against the very bottom edge of the screen for a second or two.
- This action forces the Dock (and the app switcher) back to the Studio Display
If it's on, toggle off the option to Automatically hide and show the Dock in System Settings > Desktop & Dock.

If you are still seeing unexpected behavior, have you rebooted your Mac? If not, that's the first step. If that does not help, then see if the problem is present when you boot in safe mode. That process performs some system cleanup and clears caches, and also disables 3rd party extensions that may cause problems.
Start up your Mac in safe mode - Apple Support
If that does not correct the issue, test in a new user account. A newly-created user account will have all settings at default, and if the issue does not occur in that new account then it provides guidance on what may need to be changed to correct the issue.
Add a user or group on Mac - Apple Support
Once the testing is complete, the new account can easily be deleted.
Delete a user or group on Mac – Apple Support
Those steps will help to isolate the problem.