Amiral Gestion
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 9, 2025), Amiral Gestion reported 27 stock positions worth $277.1 million. Its top holding was Adobe (ADBE) at 15.8% of the portfolio, followed by Microsoft (MSFT, 14.3%) and PayPal (PYPL, 10.2%). Compared with Q2 2025, it opened 8 new positions, sold out of 2, added to 11 and reduced 5. The biggest buy was a new position in Visa Class A (V) and the biggest sale Meta Platforms Class A (META, shares −47%).
- Most Recent 13F
- Q1 2026
- Location
- PARIS, I0
- CIK
- 0001828064
- Portfolio Value
- $277.1M (Q3 2025)
- SEC Filing
- 0001828064-25-000008 ↗ filed Oct 9, 2025
Holdings Value
Holdings 27 stocks · $277.1M
| ADBE Adobe Inc. | 15.80% | 124,108 | $43.8M | Add +28.0% |
| MSFT Microsoft Corp. | 14.33% | 76,650 | $39.7M | Add +23.3% |
| PYPL PayPal Holdings Inc. | 10.15% | 419,629 | $28.1M | Add +35.5% |
| EW Edwards Lifesciences Corp. | 7.94% | 282,795 | $22.0M | Add +156.3% |
| META Meta Platforms Inc. Class A | 7.42% | 28,013 | $20.6M | Reduce -47.0% |
| PAYC Paycom Software Inc. | 6.14% | 81,766 | $17.0M | Add +192.2% |
| V Visa Inc. Class A | 5.89% | 47,782 | $16.3M | New |
| NVR NVR Inc. | 5.74% | 1,978 | $15.9M | Add +71.7% |
| PCTY Paylocity Holding Corp. | 4.87% | 84,703 | $13.5M | Add +37.6% |
| ABNB Airbnb Inc. Class A | 2.74% | 62,545 | $7.6M | Add +978.4% |
| SE Sea Ltd.-ADR | 2.55% | 39,500 | $7.1M | Reduce -2.5% |
| PDD PDD Holdings Inc. | 2.53% | 53,000 | $7.0M | Add +10.4% |
| BF.B Brown-Forman Corp. Class B | 2.47% | 252,265 | $6.8M | Reduce -24.7% |
| YMM Full Truck Alliance -SPN ADR | 2.13% | 455,000 | $5.9M | Add +106.8% |
| BKNG Booking Holdings Inc. | 1.57% | 807 | $4.4M | New |
| DPZ Domino's Pizza Inc. | 1.33% | 8,516 | $3.7M | New |
| FNV Franco-Nevada Corp. | 1.29% | 16,000 | $3.6M | New |
| PACB Pacific Biosciences of Calif | 1.16% | 2,733,290 | $3.2M | No change |
| VRSN Verisign Inc. | 0.90% | 8,883 | $2.5M | New |
| USD Proshares Ultra Semiconduct | 0.69% | 19,189 | $1.9M | New |
| GOOGL Alphabet Inc. Class A | 0.65% | 7,377 | $1.8M | Reduce -94.0% |
| CL Colgate-Palmolive Co. | 0.61% | 21,000 | $1.7M | New |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 0.51% | 8,100 | $1.4M | New |
| FDS Factset Research Systems Inc. | 0.26% | 2,500 | $716K | No change |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 0.18% | 13,000 | $503K | Reduce -48.0% |
| MMYT Makemytrip Ltd. | 0.09% | 2,790 | $261K | Add +116.3% |
| DOLE Dole PLC | 0.09% | 18,180 | $244K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| META Meta Platforms Inc. Class A | Reduce -47.0% | 7.42% | −9.40 |
| GOOGL Alphabet Inc. Class A | Reduce -94.0% | 0.65% | −8.73 |
| PEP Pepsico Inc. | Sold out | 0.00% | −5.32 |
| BF.B Brown-Forman Corp. Class B | Reduce -24.7% | 2.47% | −1.42 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −1.41 |
| SE Sea Ltd.-ADR | Reduce -2.5% | 2.55% | −0.25 |
| GDS GDS Holdings Ltd. - ADR | Reduce -48.0% | 0.18% | −0.15 |
Portfolio Buys Q2 2025 → Q3 2025
| V Visa Inc. Class A | New | 5.89% | +5.89 |
| EW Edwards Lifesciences Corp. | Add +156.3% | 7.94% | +4.22 |
| PAYC Paycom Software Inc. | Add +192.2% | 6.14% | +3.35 |
| ABNB Airbnb Inc. Class A | Add +978.4% | 2.74% | +2.41 |
| NVR NVR Inc. | Add +71.7% | 5.74% | +2.07 |
| BKNG Booking Holdings Inc. | New | 1.57% | +1.57 |
| DPZ Domino's Pizza Inc. | New | 1.33% | +1.33 |
| FNV Franco-Nevada Corp. | New | 1.29% | +1.29 |
| YMM Full Truck Alliance -SPN ADR | Add +106.8% | 2.13% | +1.01 |
| MSFT Microsoft Corp. | Add +23.3% | 14.33% | +0.99 |
| VRSN Verisign Inc. | New | 0.90% | +0.90 |
| USD Proshares Ultra Semiconduct | New | 0.69% | +0.69 |
| CL Colgate-Palmolive Co. | New | 0.61% | +0.61 |
| FUTU Futu Holdings Ltd.-ADR | New | 0.51% | +0.51 |
| PDD PDD Holdings Inc. | Add +10.4% | 2.53% | +0.36 |
| PYPL PayPal Holdings Inc. | Add +35.5% | 10.15% | +0.23 |
| PCTY Paylocity Holding Corp. | Add +37.6% | 4.87% | +0.06 |
| MMYT Makemytrip Ltd. | Add +116.3% | 0.09% | +0.04 |
| ADBE Adobe Inc. | Add +28.0% | 15.80% | −0.37 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q1 2026 | 16 | $180.0M | MSFT, VRSN, ADBE, NVR, BF.B |
| Q4 2025 | 27 | $272.0M | MSFT, ADBE, VRSN, V, EW |
| Q3 2025 | 27 | $277.1M | ADBE, MSFT, PYPL, EW, META |
| Q2 2025 | 21 | $231.9M | META, ADBE, MSFT, PYPL, GOOGL |
| Q1 2025Amended | 27 | $181.7M | ADBE, GOOGL, NVR, META, PEP |
| Q4 2024Amended | 31 | $158.4M | GOOGL, META, PYPL, ADBE, PEP |