Banque de Luxembourg S.A.

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 9, 2026), Banque de Luxembourg S.A. reported 78 stock positions worth $212.0 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 13.9% of the portfolio, followed by Alphabet Class A (GOOGL, 11.2%) and Microsoft (MSFT, 7.6%). Compared with Q1 2026, it opened 3 new positions, sold out of 1, added to 21 and reduced 29. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +14%) and the biggest sale Totalenergies (TTE, shares −5%).

Most Recent 13F
Q2 2026
Location
LUXEMBOURG, N4
CIK
0002055344
Portfolio Value
$212.0M (Q2 2026)
SEC Filing
0002055344-26-000003 ↗ filed Jul 9, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q4 2024: $185.8M Q4 2024 Q1 2025: $174.8M Q1 2025 Q2 2025: $174.6M Q2 2025 Q3 2025: $193.4M Q3 2025 Q4 2025: $234.8M Q4 2025 Q1 2026: $193.3M Q1 2026 Q2 2026: $212.0M $212.0M Q2 2026

Holdings 78 stocks · $212.0M
SPY SS SPDR S&P 500 ETF Trust-US 13.92% 39,502 $29.5M Add +13.6%
GOOGL Alphabet Inc. Class A 11.16% 66,228 $23.7M Reduce -4.3%
MSFT Microsoft Corp. 7.58% 43,092 $16.1M Reduce -1.9%
TTE Totalenergies SE 5.52% 150,433 $11.7M Reduce -4.7%
V Visa Inc. Class A 5.39% 33,311 $11.4M Reduce -3.6%
AMZN Amazon.com Inc. 5.35% 47,542 $11.3M Reduce -2.4%
AAPL Apple Inc. 5.02% 36,783 $10.6M Reduce -3.1%
UNH Unitedhealth Group Inc. 4.45% 22,683 $9.4M Reduce -6.3%
MDT Medtronic PLC 3.72% 100,738 $7.9M Add +4.2%
ADI Analog Devices Inc. 3.20% 17,077 $6.8M Reduce -1.4%
SPGI S&P Global Inc. 2.92% 15,181 $6.2M Reduce -2.5%
SNPS Synopsys Inc. 2.90% 13,788 $6.2M Reduce -1.6%
ACN Accenture PLC Class A 2.68% 45,703 $5.7M Add +5.2%
NVDA Nvidia Corp. 2.58% 27,359 $5.5M Add +2.1%
CSCO Cisco Systems Inc. 2.58% 46,498 $5.5M Add +1.0%
BDX Becton Dickinson and Co. 2.26% 31,670 $4.8M Reduce -2.5%
CNI Canadian Natl Railway Co. 1.71% 30,377 $3.6M Reduce -4.7%
AVGO Broadcom Inc. 1.60% 8,983 $3.4M Add +202.4%
GOOG Alphabet Inc. Class C 1.43% 8,573 $3.0M No change
ALLE Allegion PLC 1.42% 21,475 $3.0M Add +0.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.36% 29,974 $2.9M Add +2.8%
ICLR Icon PLC filed as ICON PUB LTD CO 1.09% 13,280 $2.3M Add +0.7%
PG The Procter & Gamble Co. 0.65% 9,347 $1.4M Reduce -1.0%
PKW Invesco Buyback Achievers Et 0.62% 9,227 $1.3M No change
BNY Bank of New York Mellon Corp. 0.60% 8,817 $1.3M No change
BRK.B Berkshire Hathaway Inc. Class B 0.59% 2,517 $1.3M No change
META Meta Platforms Inc. Class A 0.56% 2,099 $1.2M Add +44.8%
DHR Danaher Corp. 0.54% 6,016 $1.1M No change
AZN Astrazeneca PLC 0.53% 5,968 $1.1M Add +12.0%
TSM Taiwan Semiconductor-SP ADR 0.51% 2,275 $1.1M Add +65.2%
JPM JPMorgan Chase & Co. 0.40% 2,594 $849K Add +0.2%
NKE Nike Inc. Class B 0.35% 18,312 $752K Reduce -12.4%
BLK BlackRock Inc. 0.29% 640 $615K Add +7.2%
LLY Eli Lilly & Co. 0.29% 508 $609K Reduce -5.6%
PANW Palo Alto Networks Inc. 0.27% 1,702 $580K Reduce -28.0%
LIN Linde PLC 0.26% 1,076 $559K Reduce -25.1%
BSX Boston Scientific Corp. 0.23% 11,606 $495K No change
TMO Thermo Fisher Scientific Inc. 0.19% 821 $412K Add +6.6%
FNV Franco-Nevada Corp. 0.18% 1,850 $386K Reduce -11.9%
JNJ Johnson & Johnson 0.17% 1,457 $370K Reduce -15.4%
UBER Uber Technologies Inc. 0.17% 5,077 $366K Add +3.9%
MCD McDonald's Corp. 0.16% 1,284 $347K Reduce -23.4%
ENB Enbridge Inc. 0.15% 6,000 $325K No change
MRK Merck & Co. Inc. 0.15% 2,436 $313K Reduce -17.2%
PEP Pepsico Inc. 0.14% 2,263 $306K Reduce -12.4%
KO The Coca-Cola Co. 0.13% 3,432 $279K Add +11.1%
UNP Union Pacific Corp. 0.13% 1,004 $273K No change
COST Costco Wholesale Corp. 0.12% 281 $263K No change
CMCSA Comcast Corp. Class A 0.12% 10,376 $255K No change
ANET Arista Networks Inc. 0.11% 1,376 $234K No change
ZTS Zoetis Inc. 0.11% 3,130 $225K No change
MA Mastercard Inc. Class A 0.10% 418 $215K No change
WAT Waters Corp. 0.09% 522 $196K Reduce -1.5%
ABBV Abbvie Inc. 0.09% 777 $196K No change
MICC The Magnum Ice Cream Co. NV 0.09% 11,074 $193K Add +0.0%
WMT Walmart Inc. 0.09% 1,662 $188K Reduce -16.3%
CARR Carrier Global Corp. 0.09% 2,518 $185K Reduce -31.4%
AMGN Amgen Inc. 0.09% 501 $181K No change
MSCI MSCI Inc. 0.08% 300 $168K No change
ADBE Adobe Inc. 0.07% 750 $154K Reduce -16.7%
BABA Alibaba Group Holding-SP ADR 0.07% 1,594 $153K Add +56.4%
BAC Bank of America Corp. 0.06% 2,149 $122K Add +80.9%
TSLA Tesla Inc. 0.05% 272 $114K Add +95.7%
FSLR First Solar Inc. 0.05% 424 $100K No change
HD Home Depot Inc. 0.05% 276 $97K Reduce -32.4%
AMAT Applied Materials Inc. 0.05% 134 $97K New
LOW Lowe's Cos Inc. 0.04% 404 $89K No change
BUD Anheuser-Busch Inbev-SPN ADR 0.04% 1,043 $86K No change
LRCX Lam Research Corp. 0.04% 190 $82K New
SRE Sempra 0.03% 778 $72K No change
XYL Xylem Inc. 0.03% 600 $71K No change
HON Honeywell International Inc. 0.03% 251 $56K No change
HONA Honeywell Aerospace Inc. 0.03% 251 $55K No change
CEG Constellation Energy 0.02% 189 $47K New
LW Lamb Weston Holdings Inc. 0.02% 779 $34K No change
CAT Caterpillar Inc. 0.01% 22 $23K Reduce -75.3%
CRM Salesforce Inc. 0.00% 28 $4K Reduce -75.0%
VSNT Versant Media Group Inc. 0.00% 32 $1K No change

Portfolio Sells Q1 2026 → Q2 2026
TTE Totalenergies SE Reduce -4.7% 5.52% −2.11
MSFT Microsoft Corp. Reduce -1.9% 7.58% −0.83
SPGI S&P Global Inc. Reduce -2.5% 2.92% −0.51
BDX Becton Dickinson and Co. Reduce -2.5% 2.26% −0.38
NKE Nike Inc. Class B Reduce -12.4% 0.35% −0.22
SHW The Sherwin-Williams Co. Sold out 0.00% −0.15
MCD McDonald's Corp. Reduce -23.4% 0.16% −0.11
LIN Linde PLC Reduce -25.1% 0.26% −0.11
FNV Franco-Nevada Corp. Reduce -11.9% 0.18% −0.09
PEP Pepsico Inc. Reduce -12.4% 0.14% −0.06
PG The Procter & Gamble Co. Reduce -1.0% 0.65% −0.06
JNJ Johnson & Johnson Reduce -15.4% 0.17% −0.04
ADBE Adobe Inc. Reduce -16.7% 0.07% −0.04
WMT Walmart Inc. Reduce -16.3% 0.09% −0.04
MRK Merck & Co. Inc. Reduce -17.2% 0.15% −0.04
HD Home Depot Inc. Reduce -32.4% 0.05% −0.02
CAT Caterpillar Inc. Reduce -75.3% 0.01% −0.02
CARR Carrier Global Corp. Reduce -31.4% 0.09% −0.02
V Visa Inc. Class A Reduce -3.6% 5.39% −0.01
CRM Salesforce Inc. Reduce -75.0% 0.00% −0.01
WAT Waters Corp. Reduce -1.5% 0.09% +0.01
CNI Canadian Natl Railway Co. Reduce -4.7% 1.71% +0.01
SNPS Synopsys Inc. Reduce -1.6% 2.90% +0.03
LLY Eli Lilly & Co. Reduce -5.6% 0.29% +0.03
AAPL Apple Inc. Reduce -3.1% 5.02% +0.03
PANW Palo Alto Networks Inc. Reduce -28.0% 0.27% +0.08
AMZN Amazon.com Inc. Reduce -2.4% 5.35% +0.09
ADI Analog Devices Inc. Reduce -1.4% 3.20% +0.35
GOOGL Alphabet Inc. Class A Reduce -4.3% 11.16% +0.87
UNH Unitedhealth Group Inc. Reduce -6.3% 4.45% +1.06

Portfolio Buys Q1 2026 → Q2 2026
SPY SS SPDR S&P 500 ETF Trust-US Add +13.6% 13.92% +2.22
AVGO Broadcom Inc. Add +202.4% 1.60% +1.12
CSCO Cisco Systems Inc. Add +1.0% 2.58% +0.73
ICLR Icon PLC Add +0.7% 1.09% +0.33
TSM Taiwan Semiconductor-SP ADR Add +65.2% 0.51% +0.27
NVDA Nvidia Corp. Add +2.1% 2.58% +0.17
META Meta Platforms Inc. Class A Add +44.8% 0.56% +0.13
AMAT Applied Materials Inc. New 0.05% +0.05
LRCX Lam Research Corp. New 0.04% +0.04
BAC Bank of America Corp. Add +80.9% 0.06% +0.03
TSLA Tesla Inc. Add +95.7% 0.05% +0.03
CEG Constellation Energy New 0.02% +0.02
KO The Coca-Cola Co. Add +11.1% 0.13% +0.01
MICC The Magnum Ice Cream Co. NV Add +0.0% 0.09% +0.01
JPM JPMorgan Chase & Co. Add +0.2% 0.40% +0.01
BABA Alibaba Group Holding-SP ADR Add +56.4% 0.07% +0.01
TMO Thermo Fisher Scientific Inc. Add +6.6% 0.19% −0.00
AZN Astrazeneca PLC Add +12.0% 0.53% −0.00
BLK BlackRock Inc. Add +7.2% 0.29% −0.01
UBER Uber Technologies Inc. Add +3.9% 0.17% −0.01
DIS The Walt Disney Co. Add +2.8% 1.36% −0.09
ALLE Allegion PLC Add +0.6% 1.42% −0.18
MDT Medtronic PLC Add +4.2% 3.72% −0.62
ACN Accenture PLC Class A Add +5.2% 2.68% −1.77

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 78$212.0MSPY, GOOGL, MSFT, TTE, V
Q1 2026 75$193.3MSPY, GOOGL, MSFT, TTE, V
Q4 2025 88$234.8MGOOGL, SPY, MSFT, V, ACN
Q3 2025 80$193.4MGOOGL, SPY, MSFT, V, ACN
Q2 2025 87$174.6MSPY, MSFT, GOOGL, ACN, V
Q1 2025 87$174.8MSPY, MSFT, GOOGL, ACN, V
Q4 2024 82$185.8MSPY, GOOGL, MSFT, ACN, V