BDF-Gestion

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 10, 2026), BDF-Gestion reported 144 stock positions worth $748.6 million. Its top holding was Nvidia (NVDA) at 10.2% of the portfolio, followed by Apple (AAPL, 9.7%) and Microsoft (MSFT, 7.5%). Compared with Q4 2025, it opened 16 new positions, sold out of 19, added to 18 and reduced 18. The biggest buy was a new position in Pepsico (PEP) and the biggest sale an exit from Electronic Arts (EA).

Most Recent 13F
Q2 2026
Location
PARIS, I0
CIK
0001632812
Portfolio Value
$748.6M (Q1 2026)
SEC Filing
0001632812-26-000002 ↗ filed Apr 10, 2026

Holdings Value

0$500.0M$1.0B$1.5B Q2 2024: $1.0B Q2 2024 Q3 2024: $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 $748.6M Q1 2026 Q2 2026: $746.8M Q2 2026

Holdings 144 stocks · $748.6M
NVDA Nvidia Corp. 10.19% 437,187 $76.2M Reduce -3.5%
AAPL Apple Inc. 9.70% 286,137 $72.6M No change
MSFT Microsoft Corp. 7.46% 150,812 $55.8M Add +6.1%
GOOG Alphabet Inc. Class C 4.07% 106,262 $30.5M No change
AVGO Broadcom Inc. 4.04% 97,683 $30.2M No change
META Meta Platforms Inc. Class A 3.60% 47,108 $27.0M No change
JPM JPMorgan Chase & Co. 2.35% 59,928 $17.6M No change
LLY Eli Lilly & Co. 2.30% 18,702 $17.2M No change
V Visa Inc. Class A 1.44% 35,735 $10.8M No change
ABBV Abbvie Inc. 1.29% 44,504 $9.7M No change
NFLX Netflix Inc. 1.06% 82,627 $7.9M Add +25.9%
HD Home Depot Inc. 1.04% 23,630 $7.8M No change
AMAT Applied Materials Inc. 0.97% 21,247 $7.3M Reduce -21.9%
MA Mastercard Inc. Class A 0.96% 14,413 $7.2M No change
ORCL Oracle Corp. 0.92% 46,984 $6.9M Add +16.9%
LRCX Lam Research Corp. 0.91% 31,962 $6.8M Add +29.4%
PLTR Palantir Technologies Inc. Class A 0.87% 44,377 $6.5M Reduce -8.3%
ISRG Intuitive Surgical Inc. 0.83% 13,426 $6.2M Reduce -20.9%
GS Goldman Sachs Group Inc. 0.79% 7,031 $5.9M No change
CSCO Cisco Systems Inc. 0.78% 74,854 $5.8M No change
C Citigroup Inc. 0.77% 50,512 $5.7M Reduce -35.7%
CATERPILLAR INC 0.76% 8,071 $5.7M Add +44.9%
MU Micron Technology Inc. 0.76% 16,916 $5.7M Reduce -22.6%
MRK Merck & Co. Inc. 0.76% 47,224 $5.7M No change
PG The Procter & Gamble Co. 0.74% 38,286 $5.5M No change
ADI Analog Devices Inc. 0.74% 17,341 $5.5M Add +28.8%
CRM Salesforce Inc. 0.74% 29,523 $5.5M Add +18.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.74% 113,046 $5.5M Reduce -21.0%
KO The Coca-Cola Co. 0.73% 72,228 $5.5M No change
KLAC KLA Corp. 0.73% 3,714 $5.5M Add +44.5%
TXN Texas Instruments Inc. 0.67% 25,978 $5.0M No change
AMD Advanced Micro Devices 0.65% 23,975 $4.9M Reduce -22.5%
ABT Abbott Laboratories 0.65% 47,296 $4.9M Reduce -22.2%
PEP Pepsico Inc. 0.64% 31,000 $4.8M New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.59% 18,261 $4.4M New
UNH Unitedhealth Group Inc. 0.58% 16,067 $4.3M No change
LIN Linde PLC 0.55% 8,359 $4.1M No change
PANW Palo Alto Networks Inc. 0.55% 25,504 $4.1M No change
TMUS T-Mobile US Inc. 0.53% 18,953 $4.0M No change
T AT&T Inc. 0.53% 136,106 $3.9M No change
PLD Prologis Inc. 0.53% 29,784 $3.9M Reduce -16.8%
BKT BlackRock Income Trust 0.52% 4,074 $3.9M No change
ALL Allstate Corp. 0.52% 18,834 $3.9M No change
NOW ServiceNow Inc. 0.52% 37,166 $3.9M Add +25.6%
RGLD Royal Gold Inc. 0.50% 14,842 $3.8M No change
MSI Motorola Solutions Inc. 0.50% 8,623 $3.7M No change
COR Cencora Inc. 0.49% 11,726 $3.7M No change
AXP American Express Co. 0.49% 12,086 $3.7M No change
BSX Boston Scientific Corp. 0.48% 57,069 $3.6M Add +50.0%
TMO Thermo Fisher Scientific Inc. 0.48% 7,285 $3.6M Reduce -23.7%
ETN Eaton Corp. PLC 0.48% 9,952 $3.6M Add +101.0%
CRWD CrowdStrike Holdings Inc. Class A 0.46% 8,851 $3.5M New
HON Honeywell International Inc. 0.46% 15,174 $3.4M Add +65.4%
GILD Gilead Sciences Inc. 0.45% 24,253 $3.4M New
HIG Hartford Insurance Group Inc. 0.44% 24,524 $3.3M No change
ANET Arista Networks Inc. 0.44% 26,992 $3.3M No change
CSX CSX Corp. 0.44% 80,230 $3.3M No change
ACN Accenture PLC Class A 0.42% 15,710 $3.1M No change
CDNS Cadence Design SYS Inc. 0.41% 11,112 $3.1M No change
ADSK Autodesk Inc. 0.41% 12,874 $3.1M No change
GM General Motors Co. 0.41% 41,043 $3.1M No change
RSG Republic Services Inc. 0.40% 13,784 $3.0M No change
JNJ Johnson & Johnson 0.40% 22,939 $3.0M No change
CF CF Industries Holdings Inc. 0.40% 23,000 $3.0M No change
PGR Progressive Corp. 0.40% 15,000 $3.0M No change
MET Metlife Inc. 0.38% 40,673 $2.9M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.38% 29,316 $2.8M No change
SPG Simon Property Group Inc. 0.37% 15,021 $2.8M Reduce -25.0%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.37% 47,270 $2.8M No change
WELL Welltower Inc. 0.37% 14,077 $2.8M No change
ADP Automatic Data Processing 0.35% 12,982 $2.6M No change
FTNT Fortinet Inc. 0.35% 32,100 $2.6M No change
MS Morgan Stanley 0.35% 15,938 $2.6M No change
SPGI S&P Global Inc. 0.35% 6,135 $2.6M No change
SYK Stryker Corp. 0.34% 7,778 $2.6M No change
DHR Danaher Corp. 0.34% 13,360 $2.5M No change
MAR Marriott International Class A 0.34% 7,715 $2.5M No change
JLL Jones Lang Lasalle Inc. 0.33% 8,210 $2.5M Reduce -23.3%
SCI Service Corp. International 0.33% 30,000 $2.5M No change
EBAY eBay Inc. 0.33% 27,000 $2.5M New
RMD Resmed Inc. 0.32% 10,790 $2.4M Add +30.8%
DE Deere & Co. 0.32% 4,292 $2.4M No change
NDAQ Nasdaq Inc. 0.32% 28,402 $2.4M No change
BMY Bristol-Myers Squibb Co. 0.32% 39,182 $2.4M New
VTR Ventas Inc. 0.32% 28,909 $2.4M Reduce -35.6%
USB US Bancorp 0.31% 45,000 $2.3M New
APH Amphenol Corp. Class A 0.30% 17,624 $2.2M New
VRTX Vertex Pharmaceuticals Inc. 0.29% 4,862 $2.2M New
CL Colgate-Palmolive Co. 0.29% 25,278 $2.2M No change
AZO AutoZone Inc. 0.29% 632 $2.1M No change
EQIX Equinix Inc. 0.28% 2,173 $2.1M No change
CMI Cummins Inc. 0.28% 3,913 $2.1M No change
WAB Wabtec Corp. 0.28% 8,396 $2.1M No change
URI United Rentals Inc. 0.28% 2,868 $2.1M No change
GLW Corning Inc. 0.28% 15,361 $2.1M New
STT State Street Corp. 0.28% 16,374 $2.1M No change
LH Labcorp Holdings Inc. 0.27% 7,642 $2.0M No change
LFUS Littelfuse Inc. 0.27% 6,000 $2.0M New
OMC Omnicom Group 0.27% 27,000 $2.0M No change
ICE Intercontinental Exchange Inc. 0.27% 12,890 $2.0M No change
CHD Church & Dwight Co. Inc. 0.27% 21,694 $2.0M Add +70.9%
BR Broadridge Financial Solutio 0.27% 12,428 $2.0M No change
GENPACT LIMITED 0.26% 53,041 $2.0M Add +47.2%
DD Dupont DE Nemours Inc. 0.25% 41,098 $1.9M Add +104.5%
RRX Regal Rexnord Corp. 0.25% 10,000 $1.9M New
MSA Msa Safety Inc. 0.25% 11,354 $1.9M Add +44.6%
APTV Aptiv PLC 0.25% 26,746 $1.9M No change
EHC Encompass Health Corp. 0.25% 19,099 $1.8M No change
AMP Ameriprise Financial Inc. 0.24% 4,110 $1.8M No change
WMS Advanced Drainage Systems Inc. 0.24% 13,000 $1.8M New
OC Owens Corning 0.23% 16,086 $1.7M No change
DECK Deckers Outdoor Corp. 0.23% 17,281 $1.7M No change
MDLZ Mondelez International Inc. Class A 0.23% 29,329 $1.7M Reduce -53.7%
MKC McCormick & Co.-Non VTG SHRS 0.22% 33,165 $1.7M No change
HCA HCA Healthcare Inc. 0.22% 3,493 $1.7M No change
STE Steris PLC 0.22% 7,457 $1.6M No change
PKG Packaging Corp. of America 0.21% 7,546 $1.6M No change
INGR Ingredion Inc. 0.21% 14,213 $1.6M No change
TEL Te Connectivity PLC 0.21% 7,596 $1.6M No change
TRU Transunion 0.21% 22,811 $1.6M No change
CI The Cigna Group 0.21% 5,863 $1.6M No change
APD Air Products & Chemicals Inc. 0.20% 5,239 $1.5M No change
J Jacobs Solutions Inc. 0.20% 11,659 $1.5M No change
A Agilent Technologies Inc. 0.20% 13,001 $1.5M No change
MDB Mongodb Inc. 0.20% 6,047 $1.5M Reduce -34.7%
OTIS Otis Worldwide Corp. 0.19% 18,746 $1.4M No change
PCOR Procore Technologies Inc. 0.18% 24,078 $1.4M New
ELV Elevance Health Inc. 0.18% 4,652 $1.4M New
REG Regency Centers Corp. 0.18% 17,341 $1.3M No change
REGENERON PHARMACEUTICALS 0.18% 1,696 $1.3M No change
TEAM Atlassian Corp. Class A 0.17% 19,121 $1.3M Add +73.0%
VRSK Verisk Analytics Inc. 0.17% 6,722 $1.3M No change
SWK Stanley Black & Decker Inc. 0.17% 17,919 $1.3M No change
ITW Illinois Tool Works 0.16% 4,511 $1.2M No change
RPRX Royalty Pharma PLC Class A 0.15% 23,649 $1.1M No change
ALV Autoliv Inc. 0.14% 9,947 $1.0M No change
MSCI MSCI Inc. 0.13% 1,865 $1.0M No change
MRNA Moderna Inc. 0.13% 19,323 $982K No change
WDC Western Digital Corp. 0.12% 3,366 $910K Reduce -50.0%
SNDK Sandisk Corp. 0.12% 1,430 $909K New
STX Seagate Technology Holdings 0.11% 2,131 $835K Reduce -50.0%
NXPI NXP Semiconductors NV 0.11% 4,239 $834K No change
TROX Tronox Holdings PLC 0.07% 55,681 $544K No change
AMTM Amentum Holdings Inc. 0.00% 752 $20K No change

Portfolio Sells Q4 2025 → Q1 2026
EA Electronic Arts Inc. Sold out 0.00% −0.56
DDOG Datadog Inc. Class A Sold out 0.00% −0.52
SNOW Snowflake Inc. Sold out 0.00% −0.47
INTC Intel Corp. Sold out 0.00% −0.38
SNPS Synopsys Inc. Sold out 0.00% −0.36
EW Edwards Lifesciences Corp. Sold out 0.00% −0.36
C Citigroup Inc. Reduce -35.7% 0.77% −0.36
ISRG Intuitive Surgical Inc. Reduce -20.9% 0.83% −0.35
ADBE Adobe Inc. Sold out 0.00% −0.35
QCOM Qualcomm Inc. Sold out 0.00% −0.35
COHR Coherent Corp. Sold out 0.00% −0.34
DELL Dell Technologies -C Sold out 0.00% −0.30
ABT Abbott Laboratories Reduce -22.2% 0.65% −0.29
MDB Mongodb Inc. Reduce -34.7% 0.20% −0.28
VZ Verizon Communications Inc. Sold out 0.00% −0.28
ZS Zscaler Inc. Sold out 0.00% −0.27
INTU Intuit Inc. Sold out 0.00% −0.27
BAC Bank of America Corp. Reduce -21.0% 0.74% −0.23
GWRE Guidewire Software Inc. Sold out 0.00% −0.22
HUBS HubSpot Inc. Sold out 0.00% −0.21
TMO Thermo Fisher Scientific Inc. Reduce -23.7% 0.48% −0.20
PAYX Paychex Inc. Sold out 0.00% −0.20
NVDA Nvidia Corp. Reduce -3.5% 10.19% −0.20
MDLZ Mondelez International Inc. Class A Reduce -53.7% 0.23% −0.19
PLTR Palantir Technologies Inc. Class A Reduce -8.3% 0.87% −0.19
AMD Advanced Micro Devices Reduce -22.5% 0.65% −0.16
GIS General Mills Inc. Sold out 0.00% −0.14
VTR Ventas Inc. Reduce -35.6% 0.32% −0.11
JLL Jones Lang Lasalle Inc. Reduce -23.3% 0.33% −0.11
WDAY Workday Inc. Class A Sold out 0.00% −0.11
SPG Simon Property Group Inc. Reduce -25.0% 0.37% −0.08
HUM Humana Inc. Sold out 0.00% −0.07
PLD Prologis Inc. Reduce -16.8% 0.53% −0.04
STX Seagate Technology Holdings Reduce -50.0% 0.11% −0.03
WDC Western Digital Corp. Reduce -50.0% 0.12% −0.02
MU Micron Technology Inc. Reduce -22.6% 0.76% −0.00
AMAT Applied Materials Inc. Reduce -21.9% 0.97% +0.11

Portfolio Buys Q4 2025 → Q1 2026
PEP Pepsico Inc. New 0.64% +0.64
IBM Intl Business Machines Corp. New 0.59% +0.59
CRWD CrowdStrike Holdings Inc. Class A New 0.46% +0.46
GILD Gilead Sciences Inc. New 0.45% +0.45
LRCX Lam Research Corp. Add +29.4% 0.91% +0.39
CATERPILLAR INC Add +44.9% 0.76% +0.37
KLAC KLA Corp. Add +44.5% 0.73% +0.35
EBAY eBay Inc. New 0.33% +0.33
BMY Bristol-Myers Squibb Co. New 0.32% +0.32
USB US Bancorp New 0.31% +0.31
NFLX Netflix Inc. Add +25.9% 1.06% +0.31
APH Amphenol Corp. Class A New 0.30% +0.30
VRTX Vertex Pharmaceuticals Inc. New 0.29% +0.29
ADI Analog Devices Inc. Add +28.8% 0.74% +0.29
ETN Eaton Corp. PLC Add +101.0% 0.48% +0.28
GLW Corning Inc. New 0.28% +0.28
LFUS Littelfuse Inc. New 0.27% +0.27
RRX Regal Rexnord Corp. New 0.25% +0.25
HON Honeywell International Inc. Add +65.4% 0.46% +0.24
WMS Advanced Drainage Systems Inc. New 0.24% +0.24
PCOR Procore Technologies Inc. New 0.18% +0.18
ELV Elevance Health Inc. New 0.18% +0.18
DD Dupont DE Nemours Inc. Add +104.5% 0.25% +0.15
CHD Church & Dwight Co. Inc. Add +70.9% 0.27% +0.14
SNDK Sandisk Corp. New 0.12% +0.12
MSA Msa Safety Inc. Add +44.6% 0.25% +0.09
RMD Resmed Inc. Add +30.8% 0.32% +0.08
GENPACT LIMITED Add +47.2% 0.26% +0.06
BSX Boston Scientific Corp. Add +50.0% 0.48% +0.03
NOW ServiceNow Inc. Add +25.6% 0.52% −0.04
ORCL Oracle Corp. Add +16.9% 0.92% −0.04
TEAM Atlassian Corp. Class A Add +73.0% 0.17% −0.05
CRM Salesforce Inc. Add +18.4% 0.74% −0.08
MSFT Microsoft Corp. Add +6.1% 7.46% −0.99

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