Banque de Luxembourg S.A.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 14, 2026), Banque de Luxembourg S.A. reported 75 stock positions worth $193.3 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 11.7% of the portfolio, followed by Alphabet Class A (GOOGL, 10.3%) and Microsoft (MSFT, 8.4%). Compared with Q4 2025, it opened 3 new positions, sold out of 17, added to 18 and reduced 40. The biggest buy was a new position in Walt Disney (DIS) and the biggest sale Magnum Ice Cream (MICC, shares −27%).
- Most Recent 13F
- Q2 2026
- Location
- LUXEMBOURG, N4
- CIK
- 0002055344
- Portfolio Value
- $193.3M (Q1 2026)
- SEC Filing
- 0002055344-26-000002 ↗ filed Apr 14, 2026
Holdings Value
Holdings 75 stocks · $193.3M
| SPY SS SPDR S&P 500 ETF Trust-US | 11.70% | 34,768 | $22.6M | No change |
| GOOGL Alphabet Inc. Class A | 10.29% | 69,181 | $19.9M | Reduce -13.7% |
| MSFT Microsoft Corp. | 8.41% | 43,920 | $16.3M | Add +2.9% |
| TTE Totalenergies SE | 7.63% | 157,800 | $14.8M | Reduce -4.5% |
| V Visa Inc. Class A | 5.40% | 34,540 | $10.4M | Reduce -1.9% |
| AMZN Amazon.com Inc. | 5.25% | 48,726 | $10.1M | Reduce -3.1% |
| AAPL Apple Inc. | 4.99% | 37,970 | $9.6M | Reduce -2.7% |
| ACN Accenture PLC Class A | 4.46% | 43,433 | $8.6M | Reduce -2.5% |
| MDT Medtronic PLC | 4.33% | 96,681 | $8.4M | Reduce -9.8% |
| SPGI S&P Global Inc. | 3.43% | 15,567 | $6.6M | Reduce -1.8% |
| UNH Unitedhealth Group Inc. | 3.39% | 24,210 | $6.6M | Reduce -2.1% |
| SNPS Synopsys Inc. | 2.87% | 14,008 | $5.6M | Reduce -2.9% |
| ADI Analog Devices Inc. | 2.85% | 17,318 | $5.5M | Reduce -1.6% |
| BDX Becton Dickinson and Co. | 2.64% | 32,489 | $5.1M | Add +26.3% |
| NVDA Nvidia Corp. | 2.42% | 26,782 | $4.7M | Add +2.0% |
| CSCO Cisco Systems Inc. | 1.85% | 46,043 | $3.6M | Reduce -40.4% |
| CNI Canadian Natl Railway Co. | 1.70% | 31,889 | $3.3M | Add +2737.1% |
| ALLE Allegion PLC | 1.60% | 21,347 | $3.1M | Reduce -4.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.45% | 29,167 | $2.8M | New |
| GOOG Alphabet Inc. Class C | 1.27% | 8,573 | $2.5M | Reduce -16.4% |
| ICLR Icon PLC | 0.76% | 13,187 | $1.5M | Reduce -22.9% |
| PG The Procter & Gamble Co. | 0.71% | 9,439 | $1.4M | Add +4.9% |
| PKW Invesco Buyback Achievers Et | 0.63% | 9,227 | $1.2M | Reduce -22.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.62% | 2,517 | $1.2M | Reduce -8.7% |
| DHR Danaher Corp. | 0.59% | 6,016 | $1.1M | Add +1.2% |
| NKE Nike Inc. Class B | 0.57% | 20,912 | $1.1M | Reduce -11.0% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.54% | 8,817 | $1.0M | No change |
| AZN Astrazeneca PLC | 0.54% | 5,328 | $1.0M | New |
| AVGO Broadcom Inc. | 0.48% | 2,971 | $920K | Add +19.9% |
| META Meta Platforms Inc. Class A | 0.43% | 1,450 | $830K | Add +27.3% |
| JPM JPMorgan Chase & Co. | 0.39% | 2,588 | $761K | Add +8.6% |
| BSX Boston Scientific Corp. | 0.38% | 11,606 | $728K | Reduce -11.4% |
| LIN Linde PLC | 0.37% | 1,436 | $712K | Add +14.9% |
| BLK BlackRock Inc. | 0.30% | 597 | $574K | Add +40.1% |
| MCD McDonald's Corp. | 0.27% | 1,677 | $521K | Add +137.5% |
| FNV Franco-Nevada Corp. | 0.27% | 2,100 | $520K | No change |
| LLY Eli Lilly & Co. | 0.26% | 538 | $495K | Add +15.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.24% | 1,377 | $465K | Reduce -25.6% |
| JNJ Johnson & Johnson | 0.22% | 1,723 | $421K | Reduce -10.1% |
| PEP Pepsico Inc. | 0.21% | 2,583 | $401K | Reduce -0.3% |
| PANW Palo Alto Networks Inc. | 0.20% | 2,363 | $379K | No change |
| TMO Thermo Fisher Scientific Inc. | 0.20% | 770 | $378K | Reduce -7.6% |
| ZTS Zoetis Inc. | 0.19% | 3,130 | $370K | Add +5.9% |
| MRK Merck & Co. Inc. | 0.18% | 2,942 | $354K | Reduce -0.3% |
| UBER Uber Technologies Inc. | 0.18% | 4,887 | $352K | Reduce -18.2% |
| ENB Enbridge Inc. | 0.17% | 6,000 | $325K | No change |
| CMCSA Comcast Corp. Class A | 0.15% | 10,376 | $298K | Reduce -89.9% |
| SHW The Sherwin-Williams Co. | 0.15% | 924 | $296K | No change |
| COST Costco Wholesale Corp. | 0.14% | 281 | $280K | No change |
| WMT Walmart Inc. | 0.13% | 1,985 | $247K | Reduce -0.4% |
| UNP Union Pacific Corp. | 0.13% | 1,004 | $244K | No change |
| KO The Coca-Cola Co. | 0.12% | 3,088 | $235K | Reduce -0.3% |
| ADBE Adobe Inc. | 0.11% | 900 | $219K | Reduce -7.0% |
| MA Mastercard Inc. Class A | 0.11% | 418 | $209K | Reduce -53.8% |
| CARR Carrier Global Corp. | 0.11% | 3,670 | $207K | No change |
| AMGN Amgen Inc. | 0.09% | 501 | $176K | No change |
| ABBV Abbvie Inc. | 0.09% | 777 | $169K | Reduce -0.6% |
| ANET Arista Networks Inc. | 0.09% | 1,376 | $169K | No change |
| MICC The Magnum Ice Cream Co. NV | 0.08% | 11,073 | $163K | Reduce -27.0% |
| MSCI MSCI Inc. | 0.08% | 300 | $162K | No change |
| WAT Waters Corp. | 0.08% | 530 | $158K | Reduce -19.9% |
| HD Home Depot Inc. | 0.07% | 408 | $134K | Reduce -0.7% |
| BABA Alibaba Group Holding-SP ADR | 0.07% | 1,019 | $128K | Add +31.0% |
| HON Honeywell International Inc. | 0.06% | 502 | $113K | No change |
| LOW Lowe's Cos Inc. | 0.05% | 404 | $95K | Reduce -32.4% |
| FSLR First Solar Inc. | 0.04% | 424 | $84K | Add +11.9% |
| SRE Sempra | 0.04% | 778 | $76K | No change |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.04% | 1,043 | $72K | Reduce -33.4% |
| XYL Xylem Inc. | 0.04% | 600 | $72K | Add +21.7% |
| CAT Caterpillar Inc. | 0.03% | 89 | $63K | Reduce -43.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.03% | 1,188 | $58K | Reduce -43.6% |
| TSLA Tesla Inc. | 0.03% | 139 | $52K | New |
| LW Lamb Weston Holdings Inc. | 0.02% | 779 | $33K | Add +89.5% |
| CRM Salesforce Inc. | 0.01% | 112 | $21K | Reduce -75.7% |
| VSNT Versant Media Group Inc. | 0.00% | 32 | $1K | Reduce -99.2% |
Portfolio Sells Q4 2025 → Q1 2026
| MICC The Magnum Ice Cream Co. NV | Reduce -27.0% | 0.08% | −4.13 |
| CMCSA Comcast Corp. Class A | Reduce -89.9% | 0.15% | −1.15 |
| CSCO Cisco Systems Inc. | Reduce -40.4% | 1.85% | −0.68 |
| ACN Accenture PLC Class A | Reduce -2.5% | 4.46% | −0.63 |
| ICLR Icon PLC | Reduce -22.9% | 0.76% | −0.57 |
| GOOGL Alphabet Inc. Class A | Reduce -13.7% | 10.29% | −0.39 |
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −0.21 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.16 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.16 |
| BSX Boston Scientific Corp. | Reduce -11.4% | 0.38% | −0.16 |
| MA Mastercard Inc. Class A | Reduce -53.8% | 0.11% | −0.11 |
| SPGI S&P Global Inc. | Reduce -1.8% | 3.43% | −0.10 |
| GOOG Alphabet Inc. Class C | Reduce -16.4% | 1.27% | −0.10 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −0.09 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.09 |
| UNH Unitedhealth Group Inc. | Reduce -2.1% | 3.39% | −0.09 |
| NKE Nike Inc. Class B | Reduce -11.0% | 0.57% | −0.07 |
| VSNT Versant Media Group Inc. | Reduce -99.2% | 0.00% | −0.06 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.06 |
| ECL Ecolab Inc. | Sold out | 0.00% | −0.06 |
| PKW Invesco Buyback Achievers Et | Reduce -22.6% | 0.63% | −0.06 |
| IEX Idex Corp. | Sold out | 0.00% | −0.05 |
| MDT Medtronic PLC | Reduce -9.8% | 4.33% | −0.05 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.05 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.04 |
| CRM Salesforce Inc. | Reduce -75.7% | 0.01% | −0.04 |
| CCU Cia Cervecerias Uni-Spon ADR | Sold out | 0.00% | −0.04 |
| ADBE Adobe Inc. | Reduce -7.0% | 0.11% | −0.03 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.03 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.03 |
| UBER Uber Technologies Inc. | Reduce -18.2% | 0.18% | −0.03 |
| WAT Waters Corp. | Reduce -19.9% | 0.08% | −0.03 |
| KOF Coca-Cola Femsa Sab-SP ADR | Sold out | 0.00% | −0.02 |
| LKQ LKQ Corp. | Sold out | 0.00% | −0.02 |
| BAC Bank of America Corp. | Reduce -43.6% | 0.03% | −0.02 |
| YMM Full Truck Alliance -SPN ADR | Sold out | 0.00% | −0.02 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.01 |
| SNPS Synopsys Inc. | Reduce -2.9% | 2.87% | −0.01 |
| LOW Lowe's Cos Inc. | Reduce -32.4% | 0.05% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -7.6% | 0.20% | −0.01 |
| CAT Caterpillar Inc. | Reduce -43.7% | 0.03% | −0.01 |
| BUD Anheuser-Busch Inbev-SPN ADR | Reduce -33.4% | 0.04% | −0.01 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -25.6% | 0.24% | +0.00 |
| HD Home Depot Inc. | Reduce -0.7% | 0.07% | +0.01 |
| ABBV Abbvie Inc. | Reduce -0.6% | 0.09% | +0.01 |
| KO The Coca-Cola Co. | Reduce -0.3% | 0.12% | +0.03 |
| WMT Walmart Inc. | Reduce -0.4% | 0.13% | +0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -8.7% | 0.62% | +0.03 |
| JNJ Johnson & Johnson | Reduce -10.1% | 0.22% | +0.05 |
| PEP Pepsico Inc. | Reduce -0.3% | 0.21% | +0.05 |
Portfolio Buys Q4 2025 → Q1 2026
| DIS The Walt Disney Co. | New | 1.45% | +1.45 |
| AZN Astrazeneca PLC | New | 0.54% | +0.54 |
| BDX Becton Dickinson and Co. | Add +26.3% | 2.64% | +0.52 |
| CNI Canadian Natl Railway Co. | Add +2737.1% | 1.70% | +0.43 |
| NVDA Nvidia Corp. | Add +2.0% | 2.42% | +0.33 |
| MCD McDonald's Corp. | Add +137.5% | 0.27% | +0.18 |
| PG The Procter & Gamble Co. | Add +4.9% | 0.71% | +0.16 |
| AVGO Broadcom Inc. | Add +19.9% | 0.48% | +0.11 |
| META Meta Platforms Inc. Class A | Add +27.3% | 0.43% | +0.11 |
| BLK BlackRock Inc. | Add +40.1% | 0.30% | +0.10 |
| JPM JPMorgan Chase & Co. | Add +8.6% | 0.39% | +0.07 |
| LLY Eli Lilly & Co. | Add +15.4% | 0.26% | +0.04 |
| ZTS Zoetis Inc. | Add +5.9% | 0.19% | +0.03 |
| TSLA Tesla Inc. | New | 0.03% | +0.03 |
| BABA Alibaba Group Holding-SP ADR | Add +31.0% | 0.07% | +0.02 |
| DHR Danaher Corp. | Add +1.2% | 0.59% | +0.01 |
| LW Lamb Weston Holdings Inc. | Add +89.5% | 0.02% | +0.01 |
| XYL Xylem Inc. | Add +21.7% | 0.04% | +0.01 |
| FSLR First Solar Inc. | Add +11.9% | 0.04% | +0.00 |
| MSFT Microsoft Corp. | Add +2.9% | 8.41% | −0.38 |
| LIN Linde PLC | Add +14.9% | 0.37% | −1.82 |
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 |