BDF-Gestion

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 7, 2026), BDF-Gestion reported 143 stock positions worth $746.8 million. Its top holding was Morgan Stanley (MS) at 10.2% of the portfolio, followed by Advanced Micro Devices (AMD, 9.7%) and Stanley Black & Decker (SWK, 7.5%). Compared with Q1 2026, it opened 6 new positions, sold out of 9, added to 6 and reduced 121. The biggest buy was Advanced Micro Devices (AMD, shares +16%) and the biggest sale Nvidia (NVDA, shares −22%).

Most Recent 13F
Q2 2026
Location
PARIS, I0
CIK
0001632812
Portfolio Value
$746.8M (Q2 2026)
SEC Filing
0001632812-26-000019 ↗ filed Jul 7, 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 Q1 2026 Q2 2026: $746.8M $746.8M Q2 2026

Holdings 143 stocks · $746.8M
MS Morgan Stanley 10.21% 14,327 $76.2M Reduce -10.1%
AMD Advanced Micro Devices 9.72% 27,726 $72.6M Add +15.7%
SWK Stanley Black & Decker Inc. 7.48% 16,108 $55.8M Reduce -10.1%
WMS Advanced Drainage Systems Inc. 4.08% 11,686 $30.5M Reduce -10.1%
RRX Regal Rexnord Corp. 4.05% 8,989 $30.2M Reduce -10.1%
CHD Church & Dwight Co. Inc. 3.61% 21,694 $27.0M No change
JNJ Johnson & Johnson 2.36% 20,620 $17.6M Reduce -10.1%
GLW Corning Inc. 2.30% 13,808 $17.2M Reduce -10.1%
TRU Transunion 1.45% 20,505 $10.8M Reduce -10.1%
KLAC KLA Corp. 1.30% 33,380 $9.7M Reduce -10.1%
EQIX Equinix Inc. 1.06% 1,953 $7.9M Reduce -10.1%
CATERPILLAR INC 1.04% 7,255 $7.8M Reduce -10.1%
VGNT Versigent PLC 0.97% 8,014 $7.3M Reduce -10.0%
AMP Ameriprise Financial Inc. 0.96% 3,694 $7.2M Reduce -10.1%
STE Steris PLC 0.93% 6,703 $6.9M Reduce -10.1%
ABT Abbott Laboratories 0.91% 42,516 $6.8M Reduce -10.1%
HD Home Depot Inc. 0.87% 21,241 $6.5M Reduce -10.1%
CI The Cigna Group 0.83% 5,270 $6.2M Reduce -10.1%
TROX Tronox Holdings PLC 0.80% 55,681 $5.9M No change
OTIS Otis Worldwide Corp. 0.78% 16,851 $5.8M Reduce -10.1%
MSFT Microsoft Corp. 0.77% 131,497 $5.7M Reduce -12.8%
APH Amphenol Corp. Class A 0.77% 15,842 $5.7M Reduce -10.1%
GM General Motors Co. 0.77% 36,895 $5.7M Reduce -10.1%
ADI Analog Devices Inc. 0.76% 15,588 $5.7M Reduce -10.1%
TMUS T-Mobile US Inc. 0.74% 17,037 $5.5M Reduce -10.1%
PCOR Procore Technologies Inc. 0.74% 21,644 $5.5M Reduce -10.1%
ITW Illinois Tool Works 0.74% 4,055 $5.5M Reduce -10.1%
LIN Linde PLC 0.74% 7,514 $5.5M Reduce -10.1%
BKT BlackRock Income Trust 0.74% 3,662 $5.5M Reduce -10.1%
HONA Honeywell Aerospace Inc. 0.73% 7,587 $5.5M No change
ALL Allstate Corp. 0.68% 16,930 $5.0M Reduce -10.1%
GENPACT LIMITED 0.65% 53,041 $4.9M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.65% 16,415 $4.9M Reduce -10.1%
T AT&T Inc. 0.64% 122,350 $4.8M Reduce -10.1%
SPG Simon Property Group Inc. 0.59% 13,502 $4.4M Reduce -10.1%
CMI Cummins Inc. 0.58% 3,517 $4.3M Reduce -10.1%
V Visa Inc. Class A 0.55% 32,123 $4.1M Reduce -10.1%
EHC Encompass Health Corp. 0.55% 17,168 $4.1M Reduce -10.1%
SCI Service Corp. International 0.53% 30,000 $4.0M No change
NFLX Netflix Inc. 0.53% 74,276 $3.9M Reduce -10.1%
APD Air Products & Chemicals Inc. 0.53% 4,709 $3.9M Reduce -10.1%
APTV Aptiv PLC 0.52% 24,042 $3.9M Reduce -10.1%
DD Dupont DE Nemours Inc. 0.52% 12,314 $3.9M Reduce -10.1%
CL Colgate-Palmolive Co. 0.52% 22,723 $3.9M Reduce -10.1%
SNDK Sandisk Corp. 0.51% 2,358 $3.8M Add +64.9%
BR Broadridge Financial Solutio 0.50% 11,171 $3.7M Reduce -10.1%
MDLZ Mondelez International Inc. Class A 0.49% 26,364 $3.7M Reduce -10.1%
TXN Texas Instruments Inc. 0.49% 23,352 $3.7M Reduce -10.1%
VTR Ventas Inc. 0.48% 25,987 $3.6M Reduce -10.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.48% 26,353 $3.6M Reduce -10.1%
REG Regency Centers Corp. 0.48% 15,588 $3.6M Reduce -10.1%
LH Labcorp Holdings Inc. 0.46% 6,869 $3.5M Reduce -10.1%
FTNT Fortinet Inc. 0.46% 28,855 $3.4M Reduce -10.1%
COR Cencora Inc. 0.45% 10,540 $3.4M Reduce -10.1%
ELV Elevance Health Inc. 0.44% 4,181 $3.3M Reduce -10.1%
SYK Stryker Corp. 0.44% 6,991 $3.3M Reduce -10.1%
MRK Merck & Co. Inc. 0.44% 42,451 $3.3M Reduce -10.1%
ICE Intercontinental Exchange Inc. 0.42% 11,587 $3.1M Reduce -10.1%
PGR Progressive Corp. 0.41% 13,484 $3.1M Reduce -10.1%
MAR Marriott International Class A 0.41% 6,935 $3.1M Reduce -10.1%
MET Metlife Inc. 0.41% 36,562 $3.1M Reduce -10.1%
MSCI MSCI Inc. 0.40% 1,676 $3.0M Reduce -10.1%
NBIX Neurocrine Biosciences Inc. 0.40% 11,858 $3.0M New
AMAT Applied Materials Inc. 0.40% 19,099 $3.0M Reduce -10.1%
GILD Gilead Sciences Inc. 0.40% 21,801 $3.0M Reduce -10.1%
VRSK Verisk Analytics Inc. 0.39% 6,042 $2.9M Reduce -10.1%
CSCO Cisco Systems Inc. 0.38% 67,289 $2.8M Reduce -10.1%
REGENERON PHARMACEUTICALS 0.38% 1,524 $2.8M Reduce -10.1%
BSX Boston Scientific Corp. 0.37% 51,301 $2.8M Reduce -10.1%
ORCL Oracle Corp. 0.37% 42,235 $2.8M Reduce -10.1%
SPGI S&P Global Inc. 0.35% 5,514 $2.6M Reduce -10.1%
VRTX Vertex Pharmaceuticals Inc. 0.35% 4,370 $2.6M Reduce -10.1%
GS Goldman Sachs Group Inc. 0.35% 6,320 $2.6M Reduce -10.1%
MA Mastercard Inc. Class A 0.35% 12,956 $2.6M Reduce -10.1%
STX Seagate Technology Holdings 0.34% 3,631 $2.6M Add +70.4%
AXP American Express Co. 0.34% 10,864 $2.5M Reduce -10.1%
CDNS Cadence Design SYS Inc. 0.34% 9,988 $2.5M Reduce -10.1%
LFUS Littelfuse Inc. 0.33% 6,000 $2.5M No change
PKG Packaging Corp. of America 0.33% 6,783 $2.5M Reduce -10.1%
ACN Accenture PLC Class A 0.33% 15,710 $2.5M No change
WAB Wabtec Corp. 0.32% 7,547 $2.4M Reduce -10.1%
MSA Msa Safety Inc. 0.32% 11,354 $2.4M No change
AAPL Apple Inc. 0.32% 255,679 $2.4M Reduce -10.6%
ADSK Autodesk Inc. 0.32% 11,572 $2.4M Reduce -10.1%
USB US Bancorp 0.32% 40,452 $2.4M Reduce -10.1%
DECK Deckers Outdoor Corp. 0.31% 15,534 $2.3M Reduce -10.1%
WELL Welltower Inc. 0.30% 19,654 $2.2M Add +39.6%
DE Deere & Co. 0.29% 3,858 $2.2M Reduce -10.1%
MRVL Marvell Technology Inc. 0.29% 14,694 $2.2M New
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.29% 42,492 $2.1M Reduce -10.1%
BMY Bristol-Myers Squibb Co. 0.29% 35,222 $2.1M Reduce -10.1%
JLL Jones Lang Lasalle Inc. 0.28% 7,380 $2.1M Reduce -10.1%
ADP Automatic Data Processing 0.28% 11,669 $2.1M Reduce -10.1%
INTC Intel Corp. 0.28% 83,126 $2.1M New
ABBV Abbvie Inc. 0.28% 40,006 $2.1M Reduce -10.1%
ANET Arista Networks Inc. 0.28% 24,264 $2.1M Reduce -10.1%
MU Micron Technology Inc. 0.27% 19,119 $2.0M Add +13.0%
LLY Eli Lilly & Co. 0.27% 18,034 $2.0M Reduce -3.6%
STT State Street Corp. 0.27% 14,719 $2.0M Reduce -10.1%
C Citigroup Inc. 0.27% 45,407 $2.0M Reduce -10.1%
NDAQ Nasdaq Inc. 0.27% 25,531 $2.0M Reduce -10.1%
META Meta Platforms Inc. Class A 0.27% 42,347 $2.0M Reduce -10.1%
GE General Electric filed as GE AEROSPACE 0.26% 11,000 $2.0M New
RPRX Royalty Pharma PLC Class A 0.25% 21,258 $1.9M Reduce -10.1%
PG The Procter & Gamble Co. 0.25% 34,416 $1.9M Reduce -10.1%
NOW ServiceNow Inc. 0.25% 19,342 $1.9M Reduce -48.0%
MRNA Moderna Inc. 0.25% 17,370 $1.9M Reduce -10.1%
RGLD Royal Gold Inc. 0.25% 13,342 $1.8M Reduce -10.1%
AZO AutoZone Inc. 0.24% 568 $1.8M Reduce -10.1%
MSI Motorola Solutions Inc. 0.23% 7,751 $1.7M Reduce -10.1%
PLD Prologis Inc. 0.23% 26,773 $1.7M Reduce -10.1%
TEL Te Connectivity PLC 0.23% 6,828 $1.7M Reduce -10.1%
RSG Republic Services Inc. 0.22% 12,390 $1.7M Reduce -10.1%
TMO Thermo Fisher Scientific Inc. 0.22% 6,548 $1.7M Reduce -10.1%
DHR Danaher Corp. 0.22% 12,009 $1.6M Reduce -10.1%
ETN Eaton Corp. PLC 0.21% 8,946 $1.6M Reduce -10.1%
PLTR Palantir Technologies Inc. Class A 0.21% 39,892 $1.6M Reduce -10.1%
JPM JPMorgan Chase & Co. 0.21% 53,871 $1.6M Reduce -10.1%
HCA HCA Healthcare Inc. 0.21% 3,139 $1.6M Reduce -10.1%
PANW Palo Alto Networks Inc. 0.21% 21,807 $1.6M Reduce -14.5%
AMTM Amentum Holdings Inc. 0.20% 676 $1.5M Reduce -10.1%
THC Tenet Healthcare Corp. 0.20% 8,942 $1.5M New
EBAY eBay Inc. 0.20% 27,000 $1.5M No change
CF CF Industries Holdings Inc. 0.20% 20,675 $1.5M Reduce -10.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.19% 21,000 $1.4M New
BAC Bank of America Corp. 0.18% 101,621 $1.4M Reduce -10.1%
PEP Pepsico Inc. 0.18% 27,867 $1.4M Reduce -10.1%
NVDA Nvidia Corp. 0.18% 341,359 $1.3M Reduce -21.9%
UNH Unitedhealth Group Inc. 0.18% 14,443 $1.3M Reduce -10.1%
OC Owens Corning 0.17% 14,460 $1.3M Reduce -10.1%
URI United Rentals Inc. 0.17% 2,578 $1.3M Reduce -10.1%
CRWD CrowdStrike Holdings Inc. Class A 0.17% 7,956 $1.3M Reduce -10.1%
MKC McCormick & Co.-Non VTG SHRS 0.16% 29,813 $1.2M Reduce -10.1%
GOOG Alphabet Inc. Class C 0.15% 95,522 $1.1M Reduce -10.1%
HON Honeywell International Inc. 0.14% 7,587 $1.0M Reduce -50.0%
WDC Western Digital Corp. 0.13% 5,735 $1.0M Add +70.4%
LRCX Lam Research Corp. 0.13% 20,954 $982K Reduce -34.4%
AVGO Broadcom Inc. 0.12% 86,562 $910K Reduce -11.4%
RMD Resmed Inc. 0.12% 9,699 $909K Reduce -10.1%
ISRG Intuitive Surgical Inc. 0.11% 12,069 $835K Reduce -10.1%
J Jacobs Solutions Inc. 0.11% 10,480 $834K Reduce -10.1%
INGR Ingredion Inc. 0.07% 14,213 $544K No change
HIG Hartford Insurance Group Inc. 0.00% 22,045 $20K Reduce -10.1%

Portfolio Sells Q1 2026 → Q2 2026
NVDA Nvidia Corp. Reduce -21.9% 0.18% −10.01
AAPL Apple Inc. Reduce -10.6% 0.32% −9.38
MSFT Microsoft Corp. Reduce -12.8% 0.77% −6.69
GOOG Alphabet Inc. Class C Reduce -10.1% 0.15% −3.92
AVGO Broadcom Inc. Reduce -11.4% 0.12% −3.92
META Meta Platforms Inc. Class A Reduce -10.1% 0.27% −3.33
JPM JPMorgan Chase & Co. Reduce -10.1% 0.21% −2.14
LLY Eli Lilly & Co. Reduce -3.6% 0.27% −2.03
ABBV Abbvie Inc. Reduce -10.1% 0.28% −1.01
V Visa Inc. Class A Reduce -10.1% 0.55% −0.89
LRCX Lam Research Corp. Reduce -34.4% 0.13% −0.78
CRM Salesforce Inc. Sold out 0.00% −0.74
KO The Coca-Cola Co. Sold out 0.00% −0.73
ISRG Intuitive Surgical Inc. Reduce -10.1% 0.11% −0.71
PLTR Palantir Technologies Inc. Class A Reduce -10.1% 0.21% −0.65
MA Mastercard Inc. Class A Reduce -10.1% 0.35% −0.61
AMAT Applied Materials Inc. Reduce -10.1% 0.40% −0.57
BAC Bank of America Corp. Reduce -10.1% 0.18% −0.55
ORCL Oracle Corp. Reduce -10.1% 0.37% −0.55
NFLX Netflix Inc. Reduce -10.1% 0.53% −0.53
C Citigroup Inc. Reduce -10.1% 0.27% −0.49
PG The Procter & Gamble Co. Reduce -10.1% 0.25% −0.49
PEP Pepsico Inc. Reduce -10.1% 0.18% −0.46
GS Goldman Sachs Group Inc. Reduce -10.1% 0.35% −0.44
HIG Hartford Insurance Group Inc. Reduce -10.1% 0.00% −0.44
CSX CSX Corp. Sold out 0.00% −0.44
UNH Unitedhealth Group Inc. Reduce -10.1% 0.18% −0.41
CSCO Cisco Systems Inc. Reduce -10.1% 0.38% −0.40
PANW Palo Alto Networks Inc. Reduce -14.5% 0.21% −0.34
HON Honeywell International Inc. Reduce -50.0% 0.14% −0.32
MRK Merck & Co. Inc. Reduce -10.1% 0.44% −0.32
PLD Prologis Inc. Reduce -10.1% 0.23% −0.29
CRWD CrowdStrike Holdings Inc. Class A Reduce -10.1% 0.17% −0.29
OMC Omnicom Group Sold out 0.00% −0.27
NOW ServiceNow Inc. Reduce -48.0% 0.25% −0.27
MSI Motorola Solutions Inc. Reduce -10.1% 0.23% −0.27
ETN Eaton Corp. PLC Reduce -10.1% 0.21% −0.26
RGLD Royal Gold Inc. Reduce -10.1% 0.25% −0.26
TMO Thermo Fisher Scientific Inc. Reduce -10.1% 0.22% −0.26
RMD Resmed Inc. Reduce -10.1% 0.12% −0.20
CF CF Industries Holdings Inc. Reduce -10.1% 0.20% −0.20
A Agilent Technologies Inc. Sold out 0.00% −0.20
MDB Mongodb Inc. Sold out 0.00% −0.20
TXN Texas Instruments Inc. Reduce -10.1% 0.49% −0.18
RSG Republic Services Inc. Reduce -10.1% 0.22% −0.18
TEAM Atlassian Corp. Class A Sold out 0.00% −0.17
HD Home Depot Inc. Reduce -10.1% 0.87% −0.17
ANET Arista Networks Inc. Reduce -10.1% 0.28% −0.17
AXP American Express Co. Reduce -10.1% 0.34% −0.15
ALV Autoliv Inc. Sold out 0.00% −0.14

Portfolio Buys Q1 2026 → Q2 2026
AMD Advanced Micro Devices Add +15.7% 9.72% +9.07
NBIX Neurocrine Biosciences Inc. New 0.40% +0.40
SNDK Sandisk Corp. Add +64.9% 0.51% +0.38
MRVL Marvell Technology Inc. New 0.29% +0.29
INTC Intel Corp. New 0.28% +0.28
GE General Electric New 0.26% +0.26
STX Seagate Technology Holdings Add +70.4% 0.34% +0.23
THC Tenet Healthcare Corp. New 0.20% +0.20
TJX TJX Companies Inc. New 0.19% +0.19
WDC Western Digital Corp. Add +70.4% 0.13% +0.01
WELL Welltower Inc. Add +39.6% 0.30% −0.07
MU Micron Technology Inc. Add +13.0% 0.27% −0.49

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