Banque de Luxembourg S.A.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 17, 2025), Banque de Luxembourg S.A. reported 80 stock positions worth $193.4 million. Its top holding was Alphabet Class A (GOOGL) at 12.3% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 12.0%) and Microsoft (MSFT, 10.9%). Compared with Q2 2025, it opened 6 new positions, sold out of 13, added to 20 and reduced 43. The biggest buy was Nvidia (NVDA, shares +2%) and the biggest sale Comcast Class A (CMCSA, shares −26%).
- Most Recent 13F
- Q2 2026
- Location
- LUXEMBOURG, N4
- CIK
- 0002055344
- Portfolio Value
- $193.4M (Q3 2025)
- SEC Filing
- 0002055344-25-000004 ↗ filed Oct 17, 2025
Holdings Value
Holdings 80 stocks · $193.4M
| GOOGL Alphabet Inc. Class A | 12.34% | 98,166 | $23.9M | Reduce -1.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 11.98% | 34,776 | $23.2M | Reduce -0.0% |
| MSFT Microsoft Corp. | 10.88% | 40,615 | $21.0M | Reduce -4.9% |
| V Visa Inc. Class A | 5.57% | 31,561 | $10.8M | Reduce -8.3% |
| ACN Accenture PLC Class A | 5.48% | 42,981 | $10.6M | Add +3.6% |
| MDT Medtronic PLC | 5.28% | 107,172 | $10.2M | Reduce -1.2% |
| AMZN Amazon.com Inc. | 5.08% | 44,709 | $9.8M | Reduce -3.3% |
| AAPL Apple Inc. | 4.90% | 37,200 | $9.5M | Reduce -4.8% |
| UNH Unitedhealth Group Inc. | 4.25% | 23,810 | $8.2M | Add +55.6% |
| SPGI S&P Global Inc. | 3.80% | 15,118 | $7.4M | Reduce -1.4% |
| SNPS Synopsys Inc. | 3.39% | 13,280 | $6.6M | Reduce -0.5% |
| CSCO Cisco Systems Inc. | 2.93% | 82,804 | $5.7M | Reduce -2.4% |
| BDX Becton Dickinson and Co. | 2.46% | 25,428 | $4.8M | Add +92.7% |
| ADI Analog Devices Inc. | 2.21% | 17,431 | $4.3M | Reduce -4.7% |
| NVDA Nvidia Corp. | 2.14% | 22,200 | $4.1M | Add +1.5% |
| ALLE Allegion PLC | 2.04% | 22,229 | $3.9M | Reduce -3.1% |
| CMCSA Comcast Corp. Class A | 1.76% | 108,298 | $3.4M | Reduce -26.3% |
| ICLR Icon PLC | 1.61% | 17,744 | $3.1M | Add +0.8% |
| CNI Canadian Natl Railway Co. | 1.27% | 25,991 | $2.5M | Reduce -3.2% |
| GOOG Alphabet Inc. Class C | 0.89% | 7,093 | $1.7M | No change |
| PKW Invesco Buyback Achievers Et | 0.82% | 11,925 | $1.6M | Reduce -6.8% |
| NKE Nike Inc. Class B | 0.73% | 20,119 | $1.4M | Reduce -5.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.65% | 2,517 | $1.3M | Add +65.9% |
| PG The Procter & Gamble Co. | 0.65% | 8,176 | $1.3M | Add +6.5% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.50% | 8,817 | $961K | No change |
| DHR Danaher Corp. | 0.46% | 4,443 | $881K | Reduce -0.3% |
| BSX Boston Scientific Corp. | 0.41% | 8,106 | $791K | No change |
| AVGO Broadcom Inc. | 0.32% | 1,848 | $610K | Add +8.2% |
| MA Mastercard Inc. Class A | 0.30% | 1,004 | $571K | Reduce -15.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.29% | 2,000 | $559K | Reduce -25.9% |
| META Meta Platforms Inc. Class A | 0.24% | 639 | $469K | Reduce -20.9% |
| FNV Franco-Nevada Corp. | 0.24% | 2,100 | $467K | No change |
| JPM JPMorgan Chase & Co. | 0.22% | 1,335 | $421K | Reduce -30.3% |
| JNJ Johnson & Johnson | 0.21% | 2,206 | $409K | Reduce -10.6% |
| TMO Thermo Fisher Scientific Inc. | 0.21% | 833 | $404K | Add +5.7% |
| PEP Pepsico Inc. | 0.19% | 2,591 | $364K | Reduce -29.6% |
| BLK BlackRock Inc. | 0.16% | 264 | $308K | Reduce -24.1% |
| ENB Enbridge Inc. | 0.16% | 6,000 | $303K | No change |
| UBER Uber Technologies Inc. | 0.15% | 2,870 | $281K | Add +288.9% |
| KKR KKR & Co. Inc. | 0.14% | 2,109 | $274K | Reduce -13.7% |
| ADBE Adobe Inc. | 0.13% | 718 | $253K | Add +55.8% |
| MRK Merck & Co. Inc. | 0.13% | 2,952 | $248K | Add +20.9% |
| MRVL Marvell Technology Inc. | 0.13% | 2,888 | $243K | New |
| UNP Union Pacific Corp. | 0.12% | 1,004 | $237K | Add +148.5% |
| LIN Linde PLC | 0.11% | 439 | $209K | Add +78.5% |
| WMT Walmart Inc. | 0.11% | 1,993 | $205K | Reduce -26.1% |
| KO The Coca-Cola Co. | 0.11% | 3,096 | $205K | Reduce -13.8% |
| QCOM Qualcomm Inc. | 0.10% | 1,197 | $199K | Reduce -15.4% |
| WAT Waters Corp. | 0.10% | 662 | $198K | Add +152.7% |
| ROK Rockwell Automation Inc. | 0.10% | 547 | $191K | No change |
| MSCI MSCI Inc. | 0.09% | 300 | $170K | No change |
| HD Home Depot Inc. | 0.09% | 411 | $167K | Reduce -12.2% |
| RMD Resmed Inc. | 0.08% | 600 | $164K | Reduce -60.5% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.08% | 4,644 | $160K | Reduce -67.4% |
| ABBV Abbvie Inc. | 0.08% | 654 | $151K | Reduce -15.8% |
| MCD McDonald's Corp. | 0.08% | 497 | $151K | Reduce -13.9% |
| LOW Lowe's Cos Inc. | 0.08% | 598 | $150K | Reduce -36.3% |
| BKNG Booking Holdings Inc. | 0.08% | 27 | $146K | Reduce -18.2% |
| AMGN Amgen Inc. | 0.07% | 501 | $141K | Reduce -16.6% |
| ECL Ecolab Inc. | 0.07% | 500 | $137K | Reduce -50.0% |
| CLX Clorox Company | 0.06% | 1,000 | $123K | New |
| IEX Idex Corp. | 0.06% | 700 | $114K | Add +451.2% |
| CRM Salesforce Inc. | 0.06% | 460 | $109K | Reduce -16.5% |
| HON Honeywell International Inc. | 0.05% | 502 | $106K | New |
| LW Lamb Weston Holdings Inc. | 0.05% | 1,772 | $103K | Add +13.6% |
| ELV Elevance Health Inc. | 0.05% | 310 | $100K | New |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.05% | 1,566 | $93K | No change |
| FSLR First Solar Inc. | 0.04% | 379 | $84K | Reduce -5.3% |
| CCU Cia Cervecerias Uni-Spon ADR filed as COMPANIA CERVECERIAS UNIDAS | 0.04% | 6,623 | $80K | No change |
| PANW Palo Alto Networks Inc. | 0.04% | 394 | $80K | New |
| CAT Caterpillar Inc. | 0.04% | 158 | $75K | Add +0.6% |
| PYPL PayPal Holdings Inc. | 0.04% | 1,095 | $73K | Reduce -17.2% |
| XYL Xylem Inc. | 0.04% | 493 | $73K | Reduce -5.2% |
| SRE Sempra | 0.04% | 778 | $70K | New |
| ZTS Zoetis Inc. | 0.03% | 346 | $51K | Reduce -62.4% |
| LKQ LKQ Corp. | 0.02% | 1,568 | $48K | Add +56.8% |
| KOF Coca-Cola Femsa Sab-SP ADR | 0.02% | 547 | $45K | No change |
| YUMC Yum China Holdings Inc. | 0.02% | 1,000 | $44K | No change |
| ADP Automatic Data Processing | 0.02% | 120 | $35K | Reduce -4.8% |
| MDLZ Mondelez International Inc. Class A | 0.01% | 435 | $27K | Add +1.2% |
Portfolio Sells Q2 2025 → Q3 2025
| CMCSA Comcast Corp. Class A | Reduce -26.3% | 1.76% | −1.35 |
| V Visa Inc. Class A | Reduce -8.3% | 5.57% | −1.34 |
| COP Conocophillips | Sold out | 0.00% | −1.23 |
| SPGI S&P Global Inc. | Reduce -1.4% | 3.80% | −0.66 |
| CNI Canadian Natl Railway Co. | Reduce -3.2% | 1.27% | −0.31 |
| MDT Medtronic PLC | Reduce -1.2% | 5.28% | −0.30 |
| SLB SLB Ltd. | Reduce -67.4% | 0.08% | −0.26 |
| PEP Pepsico Inc. | Reduce -29.6% | 0.19% | −0.13 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.12 |
| RMD Resmed Inc. | Reduce -60.5% | 0.08% | −0.11 |
| MA Mastercard Inc. Class A | Reduce -15.3% | 0.30% | −0.08 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.08 |
| ECL Ecolab Inc. | Reduce -50.0% | 0.07% | −0.07 |
| AAPL Apple Inc. | Reduce -4.8% | 4.90% | −0.07 |
| CSCO Cisco Systems Inc. | Reduce -2.4% | 2.93% | −0.07 |
| DHR Danaher Corp. | Reduce -0.3% | 0.46% | −0.07 |
| ROP Roper Technologies Inc. | Sold out | 0.00% | −0.06 |
| ZTS Zoetis Inc. | Reduce -62.4% | 0.03% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -30.3% | 0.22% | −0.05 |
| LOW Lowe's Cos Inc. | Reduce -36.3% | 0.08% | −0.05 |
| NKE Nike Inc. Class B | Reduce -5.2% | 0.73% | −0.05 |
| VRSK Verisk Analytics Inc. | Sold out | 0.00% | −0.05 |
| KO The Coca-Cola Co. | Reduce -13.8% | 0.11% | −0.04 |
| AMGN Amgen Inc. | Reduce -16.6% | 0.07% | −0.03 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.03 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.03 |
| BLK BlackRock Inc. | Reduce -24.1% | 0.16% | −0.03 |
| WMT Walmart Inc. | Reduce -26.1% | 0.11% | −0.03 |
| CRM Salesforce Inc. | Reduce -16.5% | 0.06% | −0.03 |
| MCD McDonald's Corp. | Reduce -13.9% | 0.08% | −0.03 |
| META Meta Platforms Inc. Class A | Reduce -20.9% | 0.24% | −0.02 |
| JNJ Johnson & Johnson | Reduce -10.6% | 0.21% | −0.02 |
| QCOM Qualcomm Inc. | Reduce -15.4% | 0.10% | −0.02 |
| KKR KKR & Co. Inc. | Reduce -13.7% | 0.14% | −0.02 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.02 |
| ABBV Abbvie Inc. | Reduce -15.8% | 0.08% | −0.01 |
| HD Home Depot Inc. | Reduce -12.2% | 0.09% | −0.01 |
| BKNG Booking Holdings Inc. | Reduce -18.2% | 0.08% | −0.01 |
| PYPL PayPal Holdings Inc. | Reduce -17.2% | 0.04% | −0.01 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.01 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.01 |
| B Barrick Gold Corp. | Sold out | 0.00% | −0.01 |
| PKW Invesco Buyback Achievers Et | Reduce -6.8% | 0.82% | −0.01 |
| CBT Cabot Corp. | Sold out | 0.00% | −0.01 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.01 |
| ADP Automatic Data Processing | Reduce -4.8% | 0.02% | −0.00 |
| XYL Xylem Inc. | Reduce -5.2% | 0.04% | +0.00 |
| FSLR First Solar Inc. | Reduce -5.3% | 0.04% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -25.9% | 0.29% | +0.03 |
| AMZN Amazon.com Inc. | Reduce -3.3% | 5.08% | +0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| NVDA Nvidia Corp. | Add +1.5% | 2.14% | +0.78 |
| BDX Becton Dickinson and Co. | Add +92.7% | 2.46% | +0.73 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +65.9% | 0.65% | +0.19 |
| AVGO Broadcom Inc. | Add +8.2% | 0.32% | +0.15 |
| MRVL Marvell Technology Inc. | New | 0.13% | +0.13 |
| UBER Uber Technologies Inc. | Add +288.9% | 0.15% | +0.11 |
| UNP Union Pacific Corp. | Add +148.5% | 0.12% | +0.07 |
| CLX Clorox Company | New | 0.06% | +0.06 |
| HON Honeywell International Inc. | New | 0.05% | +0.05 |
| ELV Elevance Health Inc. | New | 0.05% | +0.05 |
| WAT Waters Corp. | Add +152.7% | 0.10% | +0.05 |
| IEX Idex Corp. | Add +451.2% | 0.06% | +0.05 |
| PANW Palo Alto Networks Inc. | New | 0.04% | +0.04 |
| LIN Linde PLC | Add +78.5% | 0.11% | +0.04 |
| SRE Sempra | New | 0.04% | +0.04 |
| ADBE Adobe Inc. | Add +55.8% | 0.13% | +0.03 |
| CAT Caterpillar Inc. | Add +0.6% | 0.04% | +0.01 |
| LW Lamb Weston Holdings Inc. | Add +13.6% | 0.05% | +0.01 |
| MRK Merck & Co. Inc. | Add +20.9% | 0.13% | +0.00 |
| LKQ LKQ Corp. | Add +56.8% | 0.02% | +0.00 |
| MDLZ Mondelez International Inc. Class A | Add +1.2% | 0.01% | −0.00 |
| TMO Thermo Fisher Scientific Inc. | Add +5.7% | 0.21% | −0.02 |
| PG The Procter & Gamble Co. | Add +6.5% | 0.65% | −0.10 |
| ICLR Icon PLC | Add +0.8% | 1.61% | −0.16 |
| UNH Unitedhealth Group Inc. | Add +55.6% | 4.25% | −0.34 |
| ACN Accenture PLC Class A | Add +3.6% | 5.48% | −1.94 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 78 | $212.0M | SPY, GOOGL, MSFT, TTE, V |
| Q1 2026 | 75 | $193.3M | SPY, GOOGL, MSFT, TTE, V |
| Q4 2025 | 88 | $234.8M | GOOGL, SPY, MSFT, V, ACN |
| Q3 2025 | 80 | $193.4M | GOOGL, SPY, MSFT, V, ACN |
| Q2 2025 | 87 | $174.6M | SPY, MSFT, GOOGL, ACN, V |
| Q1 2025 | 87 | $174.8M | SPY, MSFT, GOOGL, ACN, V |
| Q4 2024 | 82 | $185.8M | SPY, GOOGL, MSFT, ACN, V |