Abc Arbitrage SA
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Abc Arbitrage SA reported 191 stock positions worth $538.1 million. Its top holding was Ericsson (lm) Tel-SP ADR (ERIC) at 4.5% of the portfolio, followed by Astrazeneca PLC-Spons ADR (AZN, 3.8%) and British American Tob-SP ADR (BTI, 3.5%). Compared with Q4 2024, it opened 105 new positions, sold out of 106, added to 42 and reduced 42. The biggest buy was a new position in Ericsson (lm) Tel-SP ADR (ERIC) and the biggest sale Tenaris SA-ADR (TS, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0002049221
- Portfolio Value
- $538.1M (Q1 2025)
- SEC Filing
- 0000945621-25-000426 ↗ filed May 9, 2025
Holdings Value
Holdings 191 stocks · $538.1M
| ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS | 4.49% | 3,111,626 | $24.1M | New |
| AZN Astrazeneca PLC-Spons ADR | 3.75% | 274,642 | $20.2M | New |
| BTI British American Tob-SP ADR | 3.53% | 459,137 | $19.0M | Reduce -47.0% |
| DEO Diageo PLC-Sponsored ADR | 3.27% | 168,082 | $17.6M | Reduce -43.4% |
| RIO Rio Tinto PLC-Spon ADR | 3.12% | 279,687 | $16.8M | Reduce -17.9% |
| MT Arcelormittal-NY Registered | 3.00% | 560,329 | $16.2M | Add +31.0% |
| NGG National Grid PLC-SP ADR | 2.92% | 239,253 | $15.7M | Reduce -34.5% |
| PUK Prudential PLC-ADR | 2.87% | 718,357 | $15.4M | Reduce -29.4% |
| UL Unilever PLC | 2.72% | 245,415 | $14.6M | Add +61.7% |
| CUK Carnival PLC-ADR | 2.48% | 759,899 | $13.3M | Add +12.7% |
| VOD Vodafone Group PLC-SP ADR | 2.39% | 1,374,204 | $12.9M | Reduce -48.5% |
| GFI Gold Fields Ltd.-Spons ADR | 2.38% | 579,476 | $12.8M | Add +366.1% |
| EQNR Equinor ASA-Spon ADR | 2.22% | 452,410 | $12.0M | Add +18.5% |
| RELX Relx PLC - Spon ADR | 1.82% | 194,197 | $9.8M | Add +40.1% |
| AMX America Movil Sab DE CV | 1.65% | 623,173 | $8.9M | Reduce -37.4% |
| IEFA iShares Core MSCI Eafe ETF | 1.62% | 114,938 | $8.7M | Reduce -0.6% |
| NWG Natwest Group PLC -Spon ADR | 1.29% | 584,015 | $7.0M | Reduce -38.0% |
| ING ING Groep N.V.-Sponsored ADR | 1.18% | 324,344 | $6.4M | Reduce -49.8% |
| PRA Proassurance Corp. | 1.04% | 238,675 | $5.6M | New |
| ALE Allete Inc. | 1.02% | 83,253 | $5.5M | Add +68.5% |
| BP BP PLC-Spons ADR | 1.00% | 159,262 | $5.4M | Reduce -80.6% |
| ITCI Intra-Cellular Therapies Inc. | 1.00% | 40,679 | $5.4M | New |
| K Kellanova | 0.97% | 63,436 | $5.2M | Reduce -5.1% |
| TS Tenaris SA-ADR | 0.96% | 132,513 | $5.2M | Reduce -84.1% |
| ACCD Accolade Inc. | 0.95% | 733,848 | $5.1M | New |
| FYBR Frontier Communications Pare | 0.95% | 142,795 | $5.1M | Reduce -5.8% |
| HEES H&E Equipment Services Inc. | 0.95% | 53,992 | $5.1M | New |
| TAK Takeda Pharmaceutic-SP ADR | 0.93% | 335,855 | $5.0M | New |
| SNPS Synopsys Inc. | 0.92% | 11,525 | $4.9M | Add +50.1% |
| FBMS First Bancshares Inc. | 0.90% | 142,929 | $4.8M | Add +10.1% |
| FMS Fresenius Medical Care-ADR | 0.90% | 194,061 | $4.8M | Add +4.2% |
| RDFN Redfin Corp. | 0.87% | 509,424 | $4.7M | New |
| FLIC First of Long Island Corp. filed as FIRST LONG IS CORP | 0.86% | 374,385 | $4.6M | Reduce -3.8% |
| SASR Sandy Spring Bancorp Inc. | 0.83% | 159,079 | $4.4M | Add +9.0% |
| SHEL Shell PLC-ADR | 0.76% | 55,447 | $4.1M | New |
| BBJP JPMorgan Betabuilders Japan | 0.72% | 68,592 | $3.9M | Add +107.0% |
| FRT Federal Realty Invs Trust | 0.69% | 37,726 | $3.7M | Add +209.5% |
| EBTC Enterprise Bancorp Inc. | 0.65% | 90,252 | $3.5M | Add +52.4% |
| NVRO Nevro LLC filed as NEVRO CORP | 0.64% | 590,507 | $3.4M | New |
| MET Metlife Inc. | 0.63% | 42,384 | $3.4M | New |
| GOOG Alphabet Inc. Class C | 0.63% | 21,606 | $3.4M | Add +473.6% |
| AVB Avalonbay Communities Inc. | 0.60% | 15,118 | $3.2M | New |
| UAA Under Armour Inc. Class A | 0.60% | 517,271 | $3.2M | New |
| NUE Nucor Corp. | 0.58% | 25,779 | $3.1M | New |
| ADP Automatic Data Processing | 0.55% | 9,668 | $3.0M | New |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 0.54% | 50,669 | $2.9M | Add +1132.8% |
| DUK Duke Energy Corp. | 0.54% | 23,748 | $2.9M | New |
| CMRX Chimerix Inc. | 0.52% | 328,203 | $2.8M | New |
| RDUS Radius Recycling Inc. Class A | 0.51% | 95,685 | $2.8M | New |
| TMO Thermo Fisher Scientific Inc. | 0.48% | 5,205 | $2.6M | New |
| TM Toyota Motor Corp. -Spon ADR | 0.48% | 14,556 | $2.6M | Add +8.0% |
| PHG Koninklijke Philips NVR- NY | 0.48% | 101,108 | $2.6M | Add +183.9% |
| CCRN Cross Country Healthcare Inc. | 0.48% | 172,087 | $2.6M | Add +2.9% |
| ADI Analog Devices Inc. | 0.47% | 12,585 | $2.5M | New |
| NOK Nokia Corp.-Spon ADR | 0.47% | 479,642 | $2.5M | New |
| SNREY Sunrise Communicat Class A | 0.46% | 50,961 | $2.5M | New |
| GM General Motors Co. | 0.44% | 50,118 | $2.4M | New |
| WM Waste Management Inc. | 0.41% | 9,646 | $2.2M | Reduce -50.8% |
| EWJ iShares MSCI Japan ETF | 0.41% | 32,049 | $2.2M | Reduce -6.3% |
| SNN Smith & Nephew PLC -Spon ADR | 0.41% | 77,242 | $2.2M | Reduce -60.8% |
| EVBN Evans Bancorp Inc. | 0.40% | 55,814 | $2.2M | No change |
| EWQ iShares MSCI France ETF | 0.40% | 54,622 | $2.2M | Reduce -55.6% |
| MAR Marriott International Class A | 0.40% | 9,013 | $2.1M | Add +757.6% |
| STM Stmicroelectronics NV-NY SHS | 0.39% | 95,851 | $2.1M | Add +55.1% |
| SYF Synchrony Financial | 0.37% | 37,759 | $2.0M | New |
| EWG iShares MSCI Germany ETF | 0.36% | 51,861 | $1.9M | Reduce -21.4% |
| HEI.A Heico Corp. Class A | 0.34% | 8,690 | $1.8M | New |
| NMR Nomura Holdings Inc.-Spon ADR | 0.34% | 297,655 | $1.8M | Add +37.4% |
| EOG EOG Resources Inc. | 0.34% | 14,209 | $1.8M | New |
| DRD Drdgold Ltd.-Sponsored ADR | 0.32% | 112,927 | $1.7M | Reduce -14.5% |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.32% | 28,113 | $1.7M | New |
| SCHF Schwab Intl Equity ETF | 0.30% | 82,031 | $1.6M | Reduce -6.3% |
| EWH iShares MSCI Hong Kong ETF | 0.30% | 91,506 | $1.6M | Reduce -2.7% |
| ABBV Abbvie Inc. | 0.30% | 7,635 | $1.6M | New |
| MRK Merck & Co. Inc. | 0.30% | 17,806 | $1.6M | New |
| AMGN Amgen Inc. | 0.30% | 5,122 | $1.6M | Reduce -11.6% |
| REGN Regeneron Pharmaceuticals | 0.30% | 2,511 | $1.6M | Add +18.4% |
| AVGO Broadcom Inc. | 0.29% | 9,418 | $1.6M | New |
| CRM Salesforce Inc. | 0.29% | 5,853 | $1.6M | Add +32.6% |
| AMAT Applied Materials Inc. | 0.29% | 10,818 | $1.6M | New |
| WDAY Workday Inc. Class A | 0.29% | 6,710 | $1.6M | Add +23.9% |
| LRCX Lam Research Corp. | 0.29% | 21,549 | $1.6M | Add +508.0% |
| NOW ServiceNow Inc. | 0.29% | 1,965 | $1.6M | Add +49.3% |
| ORCL Oracle Corp. | 0.29% | 11,173 | $1.6M | New |
| PFE Pfizer Inc. | 0.29% | 61,425 | $1.6M | New |
| NEE Nextera Energy Inc. | 0.29% | 21,952 | $1.6M | New |
| MRNA Moderna Inc. | 0.29% | 54,198 | $1.5M | New |
| PG The Procter & Gamble Co. | 0.28% | 8,927 | $1.5M | New |
| HMC Honda Motor Co. Ltd.-Spons ADR | 0.28% | 56,045 | $1.5M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.28% | 15,396 | $1.5M | New |
| WMT Walmart Inc. | 0.28% | 17,270 | $1.5M | Add +13.9% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.28% | 35,750 | $1.5M | Add +67.5% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.28% | 22,913 | $1.5M | Add +49.1% |
| TGT Target Corp. | 0.28% | 14,231 | $1.5M | New |
| LMT Lockheed Martin Corp. | 0.28% | 3,321 | $1.5M | New |
| CAT Caterpillar Inc. | 0.28% | 4,498 | $1.5M | Add +63.7% |
| UPS United Parcel Service Class B | 0.27% | 13,446 | $1.5M | New |
| JNPR Juniper Networks Inc. | 0.27% | 40,578 | $1.5M | Reduce -70.9% |
| AMED Amedisys Inc. | 0.27% | 15,812 | $1.5M | Reduce -43.1% |
| MMM 3M Co. | 0.27% | 9,914 | $1.5M | New |
Portfolio Sells Q4 2024 → Q1 2025
| TS Tenaris SA-ADR | Reduce -84.1% | 0.96% | −3.57 |
| BCS Barclays PLC-Spons ADR | Sold out | 0.00% | −3.09 |
| HMY Harmony Gold MNG-Spon ADR | Sold out | 0.00% | −2.90 |
| NVS Novartis AG-Sponsored ADR | Sold out | 0.00% | −2.84 |
| BP BP PLC-Spons ADR | Reduce -80.6% | 1.00% | −2.48 |
| DEO Diageo PLC-Sponsored ADR | Reduce -43.4% | 3.27% | −2.14 |
| IHG Intercontinental Hotels-ADR | Sold out | 0.00% | −1.70 |
| SAP Sap SE-Sponsored ADR | Sold out | 0.00% | −1.21 |
| BHP BHP Group Ltd.-Spon ADR | Reduce -96.9% | 0.04% | −1.05 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.99 |
| BTI British American Tob-SP ADR | Reduce -47.0% | 3.53% | −0.98 |
| VOD Vodafone Group PLC-SP ADR | Reduce -48.5% | 2.39% | −0.85 |
| HCP Hashicorp Inc. Class A | Sold out | 0.00% | −0.78 |
| SUM Summit Materials Inc. Class A | Sold out | 0.00% | −0.78 |
| ENLC Enlink Midstream LLC | Sold out | 0.00% | −0.76 |
| PFC Premier Financial Corp. | Sold out | 0.00% | −0.71 |
| PSO Pearson PLC-Sponsored ADR | Sold out | 0.00% | −0.69 |
| VGK Vanguard Ftse Europe ETF | Sold out | 0.00% | −0.66 |
| IBTX Independent Bank Group Inc. | Sold out | 0.00% | −0.66 |
| HTLF Heartland Financial USA Inc. | Sold out | 0.00% | −0.65 |
| SILV Silvercrest Metals Inc. | Sold out | 0.00% | −0.63 |
| IEUR iShares Core MSCI Europe ETF | Sold out | 0.00% | −0.60 |
| FXI iShares China Large-Cap ETF | Reduce -90.9% | 0.09% | −0.57 |
| WMB Williams Cos Inc. | Sold out | 0.00% | −0.54 |
| GMAB Genmab A/S -SP ADR | Sold out | 0.00% | −0.53 |
| EWI iShares MSCI Italy ETF | Sold out | 0.00% | −0.52 |
| ALTR Altair Engineering Inc. Class A | Sold out | 0.00% | −0.49 |
| AEG Aegon Ltd.-NY Reg SHR | Sold out | 0.00% | −0.49 |
| USAP Universal Stainless & Alloy | Sold out | 0.00% | −0.48 |
| JNPR Juniper Networks Inc. | Reduce -70.9% | 0.27% | −0.48 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.42 |
| NSC Norfolk Southern Corp. | Sold out | 0.00% | −0.41 |
| AMX America Movil Sab DE CV | Reduce -37.4% | 1.65% | −0.40 |
| EWU iShares MSCI United Kingdom | Reduce -74.8% | 0.22% | −0.39 |
| EWA iShares MSCI Australia ETF | Sold out | 0.00% | −0.39 |
| ED Consolidated Edison Inc. | Sold out | 0.00% | −0.38 |
| BEN Franklin Templeton Inc. | Sold out | 0.00% | −0.38 |
| CDMO Avid Bioservices Inc. | Sold out | 0.00% | −0.37 |
| LEN Lennar Corp. Class A | Reduce -72.0% | 0.16% | −0.37 |
| KEY Keycorp | Sold out | 0.00% | −0.37 |
| DVN Devon Energy Corp. | Sold out | 0.00% | −0.35 |
| BNY Bank of New York Mellon Corp. | Sold out | 0.00% | −0.35 |
| EWL iShares MSCI Switzerland ETF | Sold out | 0.00% | −0.34 |
| EWP iShares MSCI Spain ETF | Sold out | 0.00% | −0.33 |
| INFN Infinera Corp. | Sold out | 0.00% | −0.33 |
| VEA Vanguard Ftse Developed ETF | Sold out | 0.00% | −0.32 |
| IR Ingersoll-Rand Inc. | Sold out | 0.00% | −0.31 |
| PHM Pultegroup Inc. | Reduce -87.2% | 0.06% | −0.31 |
| ESS Essex Property Trust Inc. | Sold out | 0.00% | −0.30 |
| PSA Public Storage | Reduce -65.4% | 0.24% | −0.29 |
Portfolio Buys Q4 2024 → Q1 2025
| ERIC Ericsson (lm) Tel-SP ADR | New | 4.49% | +4.49 |
| AZN Astrazeneca PLC-Spons ADR | New | 3.75% | +3.75 |
| GFI Gold Fields Ltd.-Spons ADR | Add +366.1% | 2.38% | +2.14 |
| MT Arcelormittal-NY Registered | Add +31.0% | 3.00% | +1.59 |
| UL Unilever PLC | Add +61.7% | 2.72% | +1.48 |
| PRA Proassurance Corp. | New | 1.04% | +1.04 |
| ITCI Intra-Cellular Therapies Inc. | New | 1.00% | +1.00 |
| ACCD Accolade Inc. | New | 0.95% | +0.95 |
| HEES H&E Equipment Services Inc. | New | 0.95% | +0.95 |
| TAK Takeda Pharmaceutic-SP ADR | New | 0.93% | +0.93 |
| EQNR Equinor ASA-Spon ADR | Add +18.5% | 2.22% | +0.93 |
| RELX Relx PLC - Spon ADR | Add +40.1% | 1.82% | +0.92 |
| RDFN Redfin Corp. | New | 0.87% | +0.87 |
| SHEL Shell PLC-ADR | New | 0.76% | +0.76 |
| NVRO Nevro LLC | New | 0.64% | +0.64 |
| MET Metlife Inc. | New | 0.63% | +0.63 |
| AVB Avalonbay Communities Inc. | New | 0.60% | +0.60 |
| UAA Under Armour Inc. Class A | New | 0.60% | +0.60 |
| NUE Nucor Corp. | New | 0.58% | +0.58 |
| ALE Allete Inc. | Add +68.5% | 1.02% | +0.56 |
| ADP Automatic Data Processing | New | 0.55% | +0.55 |
| DUK Duke Energy Corp. | New | 0.54% | +0.54 |
| GOOG Alphabet Inc. Class C | Add +473.6% | 0.63% | +0.52 |
| CMRX Chimerix Inc. | New | 0.52% | +0.52 |
| RDUS Radius Recycling Inc. Class A | New | 0.51% | +0.51 |
| HSBC HSBC Holdings PLC-Spons ADR | Add +1132.8% | 0.54% | +0.51 |
| FRT Federal Realty Invs Trust | Add +209.5% | 0.69% | +0.49 |
| TMO Thermo Fisher Scientific Inc. | New | 0.48% | +0.48 |
| ADI Analog Devices Inc. | New | 0.47% | +0.47 |
| NOK Nokia Corp.-Spon ADR | New | 0.47% | +0.47 |
| SNREY Sunrise Communicat Class A | New | 0.46% | +0.46 |
| BBJP JPMorgan Betabuilders Japan | Add +107.0% | 0.72% | +0.45 |
| GM General Motors Co. | New | 0.44% | +0.44 |
| SNPS Synopsys Inc. | Add +50.1% | 0.92% | +0.38 |
| SYF Synchrony Financial | New | 0.37% | +0.37 |
| MAR Marriott International Class A | Add +757.6% | 0.40% | +0.36 |
| PHG Koninklijke Philips NVR- NY | Add +183.9% | 0.48% | +0.35 |
| HEI.A Heico Corp. Class A | New | 0.34% | +0.34 |
| EOG EOG Resources Inc. | New | 0.34% | +0.34 |
| BUD Anheuser-Busch Inbev-SPN ADR | New | 0.32% | +0.32 |
| EBTC Enterprise Bancorp Inc. | Add +52.4% | 0.65% | +0.32 |
| CUK Carnival PLC-ADR | Add +12.7% | 2.48% | +0.30 |
| ABBV Abbvie Inc. | New | 0.30% | +0.30 |
| MRK Merck & Co. Inc. | New | 0.30% | +0.30 |
| FMS Fresenius Medical Care-ADR | Add +4.2% | 0.90% | +0.29 |
| AVGO Broadcom Inc. | New | 0.29% | +0.29 |
| AMAT Applied Materials Inc. | New | 0.29% | +0.29 |
| ORCL Oracle Corp. | New | 0.29% | +0.29 |
| PFE Pfizer Inc. | New | 0.29% | +0.29 |
| NEE Nextera Energy Inc. | New | 0.29% | +0.29 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 313 | $925.7M | DEO, BTI, RIO, LYG, NWG |
| Q1 2026 | 325 | $751.9M | VOD, DEO, SHEL, BP, NGG |
| Q4 2025 | 305 | $1.1B | BTI, HMY, DEO, VOD, ERIC |
| Q3 2025 | 199 | $1.0B | AZN, SBSW, VOD, BTI, DEO |
| Q2 2025 | 196 | $875.2M | ERIC, BTI, VOD, DEO, RELX |
| Q1 2025 | 191 | $538.1M | ERIC, AZN, BTI, DEO, RIO |
| Q4 2024 | 192 | $697.3M | DEO, TS, BTI, BP, VOD |