BLI - Banque de Luxembourg Investments
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 10, 2026), BLI - Banque de Luxembourg Investments reported 195 stock positions worth $2.8 billion. Its top holding was Microsoft (MSFT) at 5.2% of the portfolio, followed by Alphabet Class A (GOOGL, 4.0%) and Taiwan Semiconductor-SP ADR (TSM, 4.0%). Compared with Q1 2026, it opened 41 new positions, sold out of 22, added to 61 and reduced 83. The biggest buy was Lam Research (LRCX, shares +52%) and the biggest sale Nvidia (NVDA, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- LUXEMBOURG CITY, N4
- CIK
- 0002052594
- Portfolio Value
- $2.8B (Q2 2026)
- SEC Filing
- 0002052594-26-000004 ↗ filed Aug 10, 2026
Holdings Value
Holdings 195 stocks · $2.8B
| MSFT Microsoft Corp. | 5.17% | 396,983 | $146.6M | Reduce -11.7% |
| GOOGL Alphabet Inc. Class A | 3.98% | 318,393 | $112.8M | Reduce -45.5% |
| TSM Taiwan Semiconductor-SP ADR | 3.95% | 245,600 | $112.0M | Reduce -2.5% |
| V Visa Inc. Class A | 3.34% | 276,590 | $94.7M | Add +18.2% |
| AAPL Apple Inc. | 3.34% | 335,418 | $94.7M | Reduce -1.9% |
| CNI Canadian Natl Railway Co. | 2.88% | 683,667 | $81.6M | Reduce -19.1% |
| MA Mastercard Inc. Class A | 2.50% | 138,834 | $70.9M | Add +2.8% |
| UNP Union Pacific Corp. | 2.49% | 258,053 | $70.5M | Reduce -31.3% |
| AMZN Amazon.com Inc. | 2.49% | 3,333,900 | $70.4M | Add +610.3% |
| AZN Astrazeneca PLC | 2.41% | 370,958 | $68.3M | Reduce -0.5% |
| META Meta Platforms Inc. Class A | 1.98% | 99,505 | $56.1M | Add +15.9% |
| AMAT Applied Materials Inc. | 1.78% | 72,506 | $50.5M | Reduce -16.4% |
| CL Colgate-Palmolive Co. | 1.75% | 534,342 | $49.5M | Reduce -30.1% |
| WPM Wheaton Precious Metals Corp. | 1.61% | 406,100 | $45.6M | Add +3.2% |
| KLAC KLA Corp. | 1.59% | 161,920 | $45.2M | Reduce -2.3% |
| AGI Alamos Gold Inc. Class A | 1.51% | 1,410,000 | $42.8M | Add +104.3% |
| FNV Franco-Nevada Corp. | 1.48% | 201,995 | $42.0M | Reduce -21.6% |
| RMD Resmed Inc. | 1.46% | 207,815 | $41.3M | Reduce -3.6% |
| VRSK Verisk Analytics Inc. | 1.46% | 230,010 | $41.3M | Add +9.9% |
| LRCX Lam Research Corp. | 1.41% | 97,000 | $39.9M | Add +51.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.39% | 259,928 | $39.4M | Add +2.1% |
| LLY Eli Lilly & Co. | 1.25% | 28,740 | $35.4M | Add +64.2% |
| AEM Agnico Eagle Mines Ltd. | 1.25% | 227,900 | $35.4M | Reduce -24.8% |
| ROL Rollins Inc. | 1.25% | 834,103 | $35.3M | Add +42.8% |
| JNJ Johnson & Johnson | 1.24% | 135,819 | $35.2M | Add +23.9% |
| ENB Enbridge Inc. | 1.20% | 625,295 | $33.9M | No change |
| AVGO Broadcom Inc. | 1.15% | 87,196 | $32.6M | Add +23.4% |
| PEP Pepsico Inc. | 1.01% | 206,668 | $28.7M | Reduce -37.2% |
| ANET Arista Networks Inc. | 0.98% | 167,993 | $27.6M | Add +2.2% |
| SPGI S&P Global Inc. | 0.93% | 64,202 | $26.3M | Add +20.1% |
| MDLZ Mondelez International Inc. Class A | 0.87% | 408,414 | $24.6M | Reduce -28.4% |
| TPL Texas Pacific Land Corp. | 0.86% | 57,800 | $24.3M | Add +25.9% |
| WAT Waters Corp. | 0.79% | 60,468 | $22.4M | Reduce -40.1% |
| TMO Thermo Fisher Scientific Inc. | 0.77% | 42,831 | $21.7M | Reduce -34.8% |
| IDXX Idexx Laboratories Inc. | 0.74% | 38,931 | $20.9M | Reduce -30.2% |
| SITE Siteone Landscape Supply Inc. | 0.73% | 180,500 | $20.8M | Reduce -16.8% |
| RGLD Royal Gold Inc. | 0.72% | 100,500 | $20.4M | Add +0.5% |
| CAT Caterpillar Inc. | 0.65% | 17,771 | $18.4M | Reduce -65.1% |
| ADBE Adobe Inc. | 0.64% | 87,120 | $18.0M | Reduce -50.8% |
| ACN Accenture PLC Class A | 0.62% | 140,592 | $17.6M | Reduce -31.8% |
| ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW | 0.58% | 1,679,000 | $16.4M | Reduce -21.2% |
| PG The Procter & Gamble Co. | 0.58% | 110,159 | $16.4M | Reduce -15.9% |
| KMB Kimberly-Clark Corp. | 0.56% | 143,500 | $15.8M | Reduce -63.1% |
| LIN Linde PLC | 0.54% | 29,900 | $15.3M | Add +31.7% |
| BMY Bristol-Myers Squibb Co. | 0.51% | 247,000 | $14.5M | No change |
| NFLX Netflix Inc. | 0.50% | 191,000 | $14.1M | Add +76.8% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.49% | 101,000 | $13.8M | Add +1.6% |
| NDSN Nordson Corp. | 0.47% | 44,300 | $13.4M | Reduce -31.4% |
| EFX Equifax Inc. | 0.47% | 84,200 | $13.4M | Add +2.0% |
| GOOG Alphabet Inc. Class C | 0.46% | 37,000 | $13.0M | Add +27.6% |
| BDX Becton Dickinson and Co. | 0.46% | 83,000 | $12.9M | Add +48.2% |
| DHR Danaher Corp. | 0.45% | 11,080 | $12.9M | Reduce -87.7% |
| SNPS Synopsys Inc. | 0.45% | 28,251 | $12.7M | Reduce -38.6% |
| LFUS Littelfuse Inc. | 0.44% | 27,990 | $12.6M | Reduce -18.9% |
| AAON Aaon Inc. | 0.43% | 97,500 | $12.3M | Reduce -33.8% |
| ABT Abbott Laboratories | 0.43% | 129,814 | $12.1M | Reduce -35.3% |
| NVDA Nvidia Corp. | 0.42% | 573,300 | $12.0M | Reduce -1.8% |
| ZBRA Zebra Technologies Corp. Class A | 0.42% | 45,900 | $11.8M | New |
| MSCI MSCI Inc. | 0.41% | 20,967 | $11.7M | Reduce -16.9% |
| NEM Newmont Corp. | 0.40% | 120,400 | $11.4M | Reduce -22.1% |
| HAL Halliburton Co. | 0.40% | 333,800 | $11.4M | New |
| MCO Moody's Corp. | 0.40% | 25,056 | $11.4M | Reduce -42.1% |
| CHD Church & Dwight Co. Inc. | 0.40% | 115,030 | $11.3M | Reduce -14.3% |
| MELI MercadoLibre Inc. | 0.39% | 6,550 | $11.1M | New |
| MRK Merck & Co. Inc. | 0.39% | 85,000 | $11.0M | Add +53.1% |
| PAYX Paychex Inc. | 0.39% | 109,965 | $11.0M | No change |
| EW Edwards Lifesciences Corp. | 0.39% | 119,491 | $10.9M | Reduce -29.5% |
| ROST Ross Stores Inc. | 0.38% | 52,000 | $10.9M | New |
| IEX Idex Corp. | 0.38% | 47,580 | $10.8M | Reduce -74.8% |
| ADP Automatic Data Processing | 0.37% | 47,000 | $10.6M | Add +32.8% |
| PLD Prologis Inc. | 0.37% | 76,000 | $10.6M | Add +105.4% |
| LII Lennox International Inc. | 0.37% | 18,260 | $10.4M | Reduce -10.1% |
| WST West Pharmaceutical Services | 0.37% | 29,125 | $10.4M | Reduce -41.6% |
| ZTS Zoetis Inc. | 0.35% | 136,658 | $10.0M | New |
| EXPO Exponent Inc. | 0.34% | 162,300 | $9.7M | Reduce -0.2% |
| CHKP Check Point Software Tech | 0.34% | 74,700 | $9.6M | Reduce -50.1% |
| FTNT Fortinet Inc. | 0.34% | 30,750 | $9.6M | Reduce -35.9% |
| COST Costco Wholesale Corp. | 0.34% | 10,080 | $9.6M | Add +42.0% |
| AMT American Tower Corp. | 0.33% | 55,995 | $9.5M | New |
| GGG Graco Inc. | 0.32% | 120,600 | $9.2M | No change |
| CNM Core & Main Inc. Class A | 0.32% | 190,370 | $9.2M | Reduce -15.2% |
| MMM 3M Co. | 0.32% | 56,000 | $9.1M | New |
| WSO Watsco Inc. | 0.32% | 22,150 | $9.1M | Reduce -22.3% |
| TYL Tyler Technologies Inc. | 0.32% | 30,920 | $9.0M | Reduce -11.2% |
| TT Trane Technologies PLC | 0.32% | 18,600 | $9.0M | Add +50.0% |
| ED Consolidated Edison Inc. | 0.31% | 79,000 | $8.9M | New |
| AZO AutoZone Inc. | 0.31% | 2,778 | $8.8M | New |
| UBER Uber Technologies Inc. | 0.31% | 114,500 | $8.7M | Add +116.0% |
| WMT Walmart Inc. | 0.30% | 74,580 | $8.6M | Add +46.2% |
| VEEV Veeva Systems Inc. Class A | 0.30% | 48,175 | $8.5M | Reduce -20.1% |
| HWM Howmet Aerospace Inc. | 0.29% | 31,000 | $8.3M | New |
| ATO Atmos Energy Corp. | 0.29% | 47,000 | $8.2M | Add +46.9% |
| BURL Burlington Stores Inc. | 0.28% | 25,550 | $8.1M | Reduce -38.6% |
| GMED Globus Medical Inc. Class A | 0.28% | 94,900 | $8.0M | Reduce -30.5% |
| ITW Illinois Tool Works | 0.28% | 29,500 | $7.9M | Add +34.7% |
| UNH Unitedhealth Group Inc. | 0.28% | 18,793 | $7.9M | Reduce -56.0% |
| POOL Pool Corp. | 0.28% | 36,859 | $7.8M | Reduce -10.8% |
| AME Ametek Inc. | 0.27% | 32,417 | $7.7M | Reduce -52.6% |
| ADSK Autodesk Inc. | 0.27% | 39,254 | $7.7M | Reduce -44.8% |
| FIX Comfort Systems USA Inc. | 0.27% | 3,850 | $7.5M | New |
Portfolio Sells Q1 2026 → Q2 2026
| NVDA Nvidia Corp. | Reduce -1.8% | 0.42% | −2.80 |
| GOOGL Alphabet Inc. Class A | Reduce -45.5% | 3.98% | −1.41 |
| MSFT Microsoft Corp. | Reduce -11.7% | 5.17% | −1.28 |
| ADBE Adobe Inc. | Reduce -50.8% | 0.64% | −1.20 |
| ACN Accenture PLC Class A | Reduce -31.8% | 0.62% | −1.02 |
| NKE Nike Inc. Class B | Reduce -87.1% | 0.07% | −0.63 |
| IEX Idex Corp. | Reduce -74.8% | 0.38% | −0.62 |
| KMB Kimberly-Clark Corp. | Reduce -63.1% | 0.56% | −0.61 |
| CLX Clorox Company | Sold out | 0.00% | −0.50 |
| CHKP Check Point Software Tech | Reduce -50.1% | 0.34% | −0.49 |
| CHE Chemed Corp. | Sold out | 0.00% | −0.45 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.45 |
| NOW ServiceNow Inc. | Reduce -98.0% | 0.01% | −0.43 |
| ROP Roper Technologies Inc. | Reduce -67.1% | 0.17% | −0.40 |
| PEP Pepsico Inc. | Reduce -37.2% | 1.01% | −0.38 |
| IDXX Idexx Laboratories Inc. | Reduce -30.2% | 0.74% | −0.38 |
| TMO Thermo Fisher Scientific Inc. | Reduce -34.8% | 0.77% | −0.36 |
| ADSK Autodesk Inc. | Reduce -44.8% | 0.27% | −0.36 |
| WAT Waters Corp. | Reduce -40.1% | 0.79% | −0.35 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.35 |
| CMI Cummins Inc. | Sold out | 0.00% | −0.34 |
| ABT Abbott Laboratories | Reduce -35.3% | 0.43% | −0.32 |
| AEM Agnico Eagle Mines Ltd. | Reduce -24.8% | 1.25% | −0.27 |
| PAYC Paycom Software Inc. | Sold out | 0.00% | −0.27 |
| ORLA Orla Mining Ltd. | Reduce -21.2% | 0.58% | −0.26 |
| MCO Moody's Corp. | Reduce -42.1% | 0.40% | −0.26 |
| VRSN Verisign Inc. | Sold out | 0.00% | −0.23 |
| ORCL Oracle Corp. | Reduce -99.2% | 0.00% | −0.22 |
| CAT Caterpillar Inc. | Reduce -65.1% | 0.65% | −0.22 |
| DPZ Domino's Pizza Inc. | Sold out | 0.00% | −0.22 |
| COO The Cooper Cos Inc. | Reduce -75.1% | 0.07% | −0.21 |
| TECH Bio-Techne Corp. | Reduce -71.0% | 0.14% | −0.20 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.20 |
| SNPS Synopsys Inc. | Reduce -38.6% | 0.45% | −0.20 |
| MASI Masimo Corp. | Sold out | 0.00% | −0.19 |
| MANH Manhattan Associates Inc. | Reduce -46.3% | 0.19% | −0.19 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.16 |
| HON Honeywell International Inc. | Reduce -31.6% | 0.15% | −0.16 |
| DHR Danaher Corp. | Reduce -87.7% | 0.45% | −0.16 |
| IQV Iqvia Holdings Inc. | Reduce -42.5% | 0.22% | −0.15 |
| TYL Tyler Technologies Inc. | Reduce -11.2% | 0.32% | −0.15 |
| CCU Cia Cervecerias Uni-Spon ADR | Sold out | 0.00% | −0.15 |
| AME Ametek Inc. | Reduce -52.6% | 0.27% | −0.14 |
| UNH Unitedhealth Group Inc. | Reduce -56.0% | 0.28% | −0.14 |
| AOS Smith (a.o.) Corp. | Reduce -67.2% | 0.07% | −0.13 |
| BSY Bentley Systems Inc. Class B | Reduce -38.0% | 0.16% | −0.12 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −0.11 |
| OKLO Oklo Inc. | Reduce -95.8% | 0.00% | −0.11 |
| LOW Lowe's Cos Inc. | Reduce -35.8% | 0.23% | −0.10 |
| VEEV Veeva Systems Inc. Class A | Reduce -20.1% | 0.30% | −0.10 |
Portfolio Buys Q1 2026 → Q2 2026
| LRCX Lam Research Corp. | Add +51.6% | 1.41% | +1.08 |
| V Visa Inc. Class A | Add +18.2% | 3.34% | +0.91 |
| AGI Alamos Gold Inc. Class A | Add +104.3% | 1.51% | +0.72 |
| LLY Eli Lilly & Co. | Add +64.2% | 1.25% | +0.69 |
| JNJ Johnson & Johnson | Add +23.9% | 1.24% | +0.57 |
| TPL Texas Pacific Land Corp. | Add +25.9% | 0.86% | +0.46 |
| AVGO Broadcom Inc. | Add +23.4% | 1.15% | +0.42 |
| ZBRA Zebra Technologies Corp. Class A | New | 0.42% | +0.42 |
| HAL Halliburton Co. | New | 0.40% | +0.40 |
| MELI MercadoLibre Inc. | New | 0.39% | +0.39 |
| ROST Ross Stores Inc. | New | 0.38% | +0.38 |
| ZTS Zoetis Inc. | New | 0.35% | +0.35 |
| AMT American Tower Corp. | New | 0.33% | +0.33 |
| ANET Arista Networks Inc. | Add +2.2% | 0.98% | +0.33 |
| MMM 3M Co. | New | 0.32% | +0.32 |
| ED Consolidated Edison Inc. | New | 0.31% | +0.31 |
| AZO AutoZone Inc. | New | 0.31% | +0.31 |
| META Meta Platforms Inc. Class A | Add +15.9% | 1.98% | +0.30 |
| HWM Howmet Aerospace Inc. | New | 0.29% | +0.29 |
| FIX Comfort Systems USA Inc. | New | 0.27% | +0.27 |
| LIN Linde PLC | Add +31.7% | 0.54% | +0.25 |
| WPM Wheaton Precious Metals Corp. | Add +3.2% | 1.61% | +0.25 |
| XYL Xylem Inc. | New | 0.24% | +0.24 |
| PLD Prologis Inc. | Add +105.4% | 0.37% | +0.23 |
| TJX TJX Companies Inc. | Add +2.1% | 1.39% | +0.23 |
| MRK Merck & Co. Inc. | Add +53.1% | 0.39% | +0.22 |
| ROL Rollins Inc. | Add +42.8% | 1.25% | +0.21 |
| MA Mastercard Inc. Class A | Add +2.8% | 2.50% | +0.21 |
| NFLX Netflix Inc. | Add +76.8% | 0.50% | +0.20 |
| GILD Gilead Sciences Inc. | Add +1687.1% | 0.20% | +0.19 |
| SCHW Schwab (charles) Corp. | New | 0.19% | +0.19 |
| GOOG Alphabet Inc. Class C | Add +27.6% | 0.46% | +0.19 |
| YUMC Yum China Holdings Inc. | New | 0.19% | +0.19 |
| UBER Uber Technologies Inc. | Add +116.0% | 0.31% | +0.18 |
| TT Trane Technologies PLC | Add +50.0% | 0.32% | +0.17 |
| COST Costco Wholesale Corp. | Add +42.0% | 0.34% | +0.16 |
| TER Teradyne Inc. | Add +227.5% | 0.17% | +0.15 |
| WMT Walmart Inc. | Add +46.2% | 0.30% | +0.13 |
| BDX Becton Dickinson and Co. | Add +48.2% | 0.46% | +0.13 |
| ATO Atmos Energy Corp. | Add +46.9% | 0.29% | +0.13 |
| INTU Intuit Inc. | New | 0.13% | +0.13 |
| KO The Coca-Cola Co. | Add +49.4% | 0.24% | +0.13 |
| WSM Williams-Sonoma Inc. | Add +49.1% | 0.22% | +0.13 |
| WCC Wesco International Inc. | Add +36.9% | 0.22% | +0.12 |
| ITW Illinois Tool Works | Add +34.7% | 0.28% | +0.12 |
| GWW WW Grainger Inc. | Add +40.0% | 0.20% | +0.11 |
| PGR Progressive Corp. | Add +93.8% | 0.20% | +0.11 |
| FAST Fastenal Co. | Add +61.4% | 0.19% | +0.11 |
| ADP Automatic Data Processing | Add +32.8% | 0.37% | +0.10 |
| BR Broadridge Financial Solutio | New | 0.10% | +0.10 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 195 | $2.8B | MSFT, GOOGL, TSM, V, AAPL |
| Q1 2026 | 175 | $3.3B | MSFT, GOOGL, NVDA, AMZN, AAPL |
| Q4 2025 | 178 | $3.4B | MSFT, GOOGL, NVDA, AMZN, AAPL |
| Q3 2025 | 170 | $3.4B | MSFT, GOOGL, NVDA, V, UNP |
| Q2 2025 | 175 | $3.5B | MSFT, V, GOOGL, MA, CNI |
| Q1 2025 | 138 | $3.3B | MSFT, V, MA, GOOGL, AMZN |
| Q4 2024 | 134 | $3.7B | MSFT, MA, V, GOOGL, AAPL |