BDF-Gestion

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 15, 2024), BDF-Gestion reported 150 stock positions worth $931.0 million. Its top holding was Analog Devices (ADI) at 10.0% of the portfolio, followed by Electronic Arts (EA, 9.8%) and Genpact (4.8%). Compared with Q2 2024, it opened 4 new positions, sold out of 9, added to 13 and reduced 4. The biggest buy was a new position in Ulta Beauty (ULTA) and the biggest sale Microsoft (MSFT, shares −1%).

Most Recent 13F
Q2 2026
Location
PARIS, I0
CIK
0001632812
Portfolio Value
$931.0M (Q3 2024)
SEC Filing
0001632812-24-000008 ↗ filed Oct 15, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q2 2024: $1.0B Q2 2024 Q3 2024: $931.0M $931.0M Q3 2024 Q4 2024: $974.8M Q4 2024 Q1 2025: $916.6M Q1 2025 Q2 2025: $893.5M Q2 2025 Q3 2025: $840.0M Q3 2025 Q4 2025: $813.9M Q4 2025 Q1 2026: $748.6M Q1 2026 Q2 2026: $746.8M Q2 2026

Holdings 150 stocks · $931.0M
ADI Analog Devices Inc. 10.01% 19,677 $93.2M No change
EA Electronic Arts Inc. 9.76% 68,380 $90.9M No change
GENPACT LIMITED 4.79% 54,549 $44.6M No change
SNPS Synopsys Inc. 3.08% 5,934 $28.6M No change
GS Goldman Sachs Group Inc. 2.94% 22,142 $27.3M No change
ACN Accenture PLC Class A 2.17% 25,367 $20.2M No change
MSFT Microsoft Corp. 1.54% 232,182 $14.3M Reduce -1.0%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 1.53% 91,000 $14.3M No change
NDAQ Nasdaq Inc. 1.53% 13,750 $14.3M No change
TROX Tronox Holdings PLC 1.52% 81,129 $14.1M No change
ULTA Ulta Beauty Inc. 1.42% 5,750 $13.3M New
OC Owens Corning 1.29% 24,349 $12.0M No change
AMTM Amentum Holdings Inc. 1.19% 18,124 $11.1M Add +49.5%
AMD Advanced Micro Devices 1.12% 81,716 $10.4M No change
MSCI MSCI Inc. 1.09% 3,017 $10.2M No change
RPRX Royalty Pharma PLC Class A 1.08% 38,181 $10.0M No change
MA Mastercard Inc. Class A 1.06% 25,089 $9.9M No change
AMP Ameriprise Financial Inc. 1.05% 6,639 $9.8M No change
DELL Dell Technologies -C 1.03% 16,539 $9.6M No change
AVGO Broadcom Inc. 1.02% 138,490 $9.5M Add +10.0%
KO The Coca-Cola Co. 1.02% 116,598 $9.5M No change
GIS General Mills Inc. 0.88% 38,159 $8.2M No change
TXN Texas Instruments Inc. 0.87% 54,162 $8.1M Add +100.0%
AZO AutoZone Inc. 0.85% 1,027 $7.9M No change
MU Micron Technology Inc. 0.83% 62,000 $7.7M No change
META Meta Platforms Inc. Class A 0.82% 53,317 $7.7M Reduce -6.2%
QRVO Qorvo Inc. 0.80% 13,405 $7.5M No change
EHC Encompass Health Corp. 0.80% 30,837 $7.4M No change
BDX Becton Dickinson and Co. 0.79% 17,105 $7.4M No change
MDT Medtronic PLC 0.79% 24,320 $7.4M No change
TSLA Tesla Inc. 0.78% 60,801 $7.3M Add +27.2%
ETN Eaton Corp. PLC 0.77% 8,000 $7.2M No change
CRM Salesforce Inc. 0.74% 28,403 $6.9M No change
HON Honeywell International Inc. 0.73% 14,815 $6.8M Reduce -21.3%
MSI Motorola Solutions Inc. 0.72% 19,110 $6.7M No change
CHD Church & Dwight Co. Inc. 0.72% 19,732 $6.7M No change
KDP Keurig Dr Pepper Inc. 0.68% 144,414 $6.4M Reduce -39.2%
MRK Merck & Co. Inc. 0.68% 115,786 $6.3M Add +19.4%
TMO Thermo Fisher Scientific Inc. 0.65% 15,423 $6.1M Add +33.9%
LLY Eli Lilly & Co. 0.63% 30,196 $5.9M No change
JLL Jones Lang Lasalle Inc. 0.63% 17,295 $5.8M No change
SBUX Starbucks Corp. 0.62% 36,672 $5.7M No change
TEL Te Connectivity PLC 0.58% 12,269 $5.4M No change
ELV Elevance Health Inc. 0.58% 10,773 $5.4M No change
BAH Booz Allen Hamilton Holdings 0.57% 17,159 $5.3M No change
ENSG The Ensign Group Inc. 0.56% 12,747 $5.2M No change
CI The Cigna Group 0.55% 9,471 $5.1M No change
ADSK Autodesk Inc. 0.54% 34,226 $5.1M Add +100.0%
PG The Procter & Gamble Co. 0.54% 61,808 $5.0M No change
CDW CDW Corp. 0.52% 44,065 $4.8M No change
APD Air Products & Chemicals Inc. 0.50% 8,464 $4.6M Add +70.5%
COO The Cooper Cos Inc. 0.49% 33,436 $4.5M No change
ADBE Adobe Inc. 0.48% 13,234 $4.5M No change
GM General Motors Co. 0.47% 62,120 $4.4M No change
CSX CSX Corp. 0.47% 129,517 $4.4M No change
AXP American Express Co. 0.47% 19,515 $4.3M No change
GEHC GE Healthcare Technology 0.46% 23,354 $4.3M No change
UNH Unitedhealth Group Inc. 0.46% 28,048 $4.3M No change
HCA HCA Healthcare Inc. 0.45% 11,992 $4.2M No change
TRU Transunion 0.43% 36,828 $4.0M No change
MAR Marriott International Class A 0.43% 12,461 $4.0M No change
BR Broadridge Financial Solutio 0.43% 20,069 $4.0M No change
ALL Allstate Corp. 0.42% 19,110 $4.0M No change
ISRG Intuitive Surgical Inc. 0.42% 8,024 $3.9M No change
BSX Boston Scientific Corp. 0.41% 46,358 $3.9M No change
NVDA Nvidia Corp. 0.41% 754,490 $3.9M No change
STT State Street Corp. 0.41% 26,438 $3.8M No change
OTIS Otis Worldwide Corp. 0.40% 30,268 $3.7M No change
ARE Alexandria Real Estate Equit 0.40% 21,885 $3.7M No change
ABT Abbott Laboratories 0.38% 73,627 $3.6M No change
TFX Teleflex Inc. 0.38% 7,410 $3.6M No change
GOOG Alphabet Inc. Class C 0.38% 243,215 $3.6M No change
MOH Molina Healthcare Inc. 0.38% 5,352 $3.5M No change
SYK Stryker Corp. 0.38% 12,560 $3.5M No change
PTC PTC Inc. 0.37% 11,000 $3.5M No change
SWK Stanley Black & Decker Inc. 0.37% 27,124 $3.4M No change
PAYX Paychex Inc. 0.34% 23,582 $3.2M No change
VTR Ventas Inc. 0.34% 72,500 $3.1M No change
IVZ Invesco Ltd. 0.34% 30,215 $3.1M No change
STE Steris PLC 0.33% 12,045 $3.1M No change
SPGI S&P Global Inc. 0.33% 9,909 $3.0M No change
EW Edwards Lifesciences Corp. 0.32% 55,736 $3.0M No change
ADP Automatic Data Processing 0.32% 20,962 $3.0M No change
GPK Graphic Packaging Holding Co. 0.32% 69,538 $3.0M No change
ABBV Abbvie Inc. 0.32% 60,857 $3.0M No change
ALV Autoliv Inc. 0.32% 12,000 $3.0M No change
LH Labcorp Holdings Inc. 0.31% 12,343 $2.9M No change
EQIX Equinix Inc. 0.31% 3,515 $2.9M No change
URI United Rentals Inc. 0.31% 4,635 $2.9M No change
J Jacobs Solutions Inc. 0.31% 18,124 $2.9M Add +49.5%
HD Home Depot Inc. 0.31% 40,974 $2.9M No change
DD Dupont DE Nemours Inc. 0.31% 32,449 $2.9M No change
PKG Packaging Corp. of America 0.31% 12,187 $2.9M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.31% 359,065 $2.9M No change
MSA Msa Safety Inc. 0.31% 10,000 $2.8M No change
PLD Prologis Inc. 0.30% 48,167 $2.8M No change
ANET Arista Networks Inc. 0.29% 8,500 $2.7M No change
ZUO Zuora Inc. Class A 0.29% 465,000 $2.7M Add +34.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.29% 61,065 $2.7M No change
INTU Intuit Inc. 0.28% 10,949 $2.6M No change

Show all 150 holdings

Portfolio Sells Q2 2024 → Q3 2024
MSFT Microsoft Corp. Reduce -1.0% 1.54% −8.54
META Meta Platforms Inc. Class A Reduce -6.2% 0.82% −1.93
AMGN Amgen Inc. Sold out 0.00% −0.72
PCAR Paccar Inc. Sold out 0.00% −0.28
PEP Pepsico Inc. Sold out 0.00% −0.25
PLTR Palantir Technologies Inc. Class A Sold out 0.00% −0.24
TGT Target Corp. Sold out 0.00% −0.18
LECO Lincoln Electric Holdings Sold out 0.00% −0.18
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.16
HUBS HubSpot Inc. Sold out 0.00% −0.09
DOX Amdocs Ltd. Sold out 0.00% −0.08
KDP Keurig Dr Pepper Inc. Reduce -39.2% 0.68% −0.08
HON Honeywell International Inc. Reduce -21.3% 0.73% +0.34

Portfolio Buys Q2 2024 → Q3 2024
ULTA Ulta Beauty Inc. New 1.42% +1.42
AMTM Amentum Holdings Inc. Add +49.5% 1.19% +0.48
APD Air Products & Chemicals Inc. Add +70.5% 0.50% +0.37
TXN Texas Instruments Inc. Add +100.0% 0.87% +0.36
DECK Deckers Outdoor Corp. New 0.27% +0.27
REGENERON PHARMACEUTICALS New 0.21% +0.21
FSLR First Solar Inc. New 0.20% +0.20
J Jacobs Solutions Inc. Add +49.5% 0.31% +0.15
ADSK Autodesk Inc. Add +100.0% 0.54% +0.14
RGLD Royal Gold Inc. Add +47.9% 0.28% +0.10
TMO Thermo Fisher Scientific Inc. Add +33.9% 0.65% +0.04
ZUO Zuora Inc. Class A Add +34.8% 0.29% −0.04
TSLA Tesla Inc. Add +27.2% 0.78% −0.13
SCI Service Corp. International Add +34.2% 0.20% −0.18
LIN Linde PLC Add +22.7% 0.28% −0.19
MRK Merck & Co. Inc. Add +19.4% 0.68% −0.48
AVGO Broadcom Inc. Add +10.0% 1.02% −0.92

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 143$746.8MMS, AMD, SWK, WMS, RRX
Q1 2026 144$748.6MNVDA, AAPL, MSFT, GOOG, AVGO
Q4 2025 147$813.9MNVDA, AAPL, MSFT, AVGO, GOOG
Q3 2025 143$840.0MNVDA, MSFT, AAPL, AVGO, META
Q2 2025 137$893.5MNVDA, MSFT, AAPL, META, AVGO
Q1 2025 143$916.6MAAPL, MSFT, NVDA, GOOG, META
Q4 2024Amended 136$974.8MAAPL, MSFT, NVDA, GOOG, AVGO
Q3 2024 150$931.0MADI, EA, GENPACT LIMITED, SNPS, GS
Q2 2024 154$1.0BMSFT, NVDA, AAPL, GOOG, META