BNP Paribas
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), BNP Paribas reported 329 stock positions worth $3.3 billion. Its top holding was Ishr Ibx Usd Hiyld CB ETF-Ui (HYG) at 11.6% of the portfolio, followed by Ishr Ibx Usd Invgd CB ETF-Ui (LQD, 6.9%) and Microsoft (MSFT, 6.5%). Compared with Q2 2025, it opened 17 new positions, sold out of 28, added to 110 and reduced 115. The biggest buy was Ishr Ibx Usd Invgd CB ETF-Ui (LQD, shares +72%) and the biggest sale Invesco Senior Loan ETF (BKLN, shares −23%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0000872786
- Portfolio Value
- $3.3B (Q3 2025)
- SEC Filing
- 0000872786-25-000039 ↗ filed Nov 14, 2025
Holdings Value
Holdings 329 stocks · $3.3B
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 11.57% | 4,720,136 | $383.2M | Add +4.1% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 6.95% | 2,064,255 | $230.1M | Add +72.5% |
| MSFT Microsoft Corp. | 6.52% | 418,323 | $216.1M | Add +3.0% |
| NVDA Nvidia Corp. | 4.82% | 861,493 | $159.6M | Reduce -2.5% |
| AMZN Amazon.com Inc. | 3.64% | 545,962 | $120.6M | Add +1.2% |
| AAPL Apple Inc. | 3.60% | 467,800 | $119.2M | Reduce -4.4% |
| GOOG Alphabet Inc. Class C | 3.02% | 410,493 | $99.9M | Reduce -5.2% |
| AVGO Broadcom Inc. | 2.87% | 289,865 | $95.1M | Reduce -1.2% |
| JPM JPMorgan Chase & Co. | 2.81% | 293,629 | $93.1M | Reduce -2.1% |
| GOOGL Alphabet Inc. Class A | 2.04% | 284,825 | $67.6M | Reduce -2.6% |
| PANW Palo Alto Networks Inc. | 1.85% | 300,697 | $61.2M | Add +7.6% |
| V Visa Inc. Class A | 1.71% | 165,514 | $56.6M | Reduce -1.4% |
| BKLN Invesco Senior Loan ETF | 1.55% | 2,459,779 | $51.5M | Reduce -22.9% |
| META Meta Platforms Inc. Class A | 1.55% | 69,441 | $51.2M | Reduce -9.8% |
| TSM Taiwan Semiconductor-SP ADR | 1.54% | 182,850 | $51.0M | Add +11.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.48% | 97,538 | $49.0M | Add +18.6% |
| KO The Coca-Cola Co. | 1.31% | 650,761 | $43.2M | Add +2.0% |
| VCIT Vanguard Int-Term Corporate | 1.29% | 508,581 | $42.8M | Add +277.5% |
| PH Parker Hannifin Corp. | 1.26% | 55,148 | $41.7M | Reduce -2.9% |
| AMAT Applied Materials Inc. | 1.21% | 197,228 | $40.2M | Reduce -8.4% |
| MCK McKesson Corp. | 1.20% | 51,667 | $39.6M | Reduce -3.0% |
| WMT Walmart Inc. | 1.18% | 380,648 | $39.2M | Add +1.3% |
| SNPS Synopsys Inc. | 1.09% | 74,063 | $36.3M | Add +13.7% |
| CRM Salesforce Inc. | 1.09% | 149,965 | $36.1M | Reduce -4.0% |
| NOW ServiceNow Inc. | 1.04% | 37,159 | $34.5M | Reduce -3.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.01% | 291,436 | $33.4M | Reduce -4.1% |
| BKNG Booking Holdings Inc. | 0.97% | 5,932 | $32.2M | Reduce -0.1% |
| CSCO Cisco Systems Inc. | 0.91% | 436,462 | $30.1M | Add +3.7% |
| TMO Thermo Fisher Scientific Inc. | 0.90% | 63,957 | $30.0M | Reduce -1.1% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.85% | 91,053 | $28.0M | Add +9.7% |
| LLY Eli Lilly & Co. | 0.84% | 36,530 | $27.9M | Reduce -0.3% |
| MA Mastercard Inc. Class A | 0.82% | 47,680 | $27.1M | Add +7.0% |
| ORCL Oracle Corp. | 0.79% | 96,290 | $26.3M | Reduce -7.5% |
| SPGI S&P Global Inc. | 0.76% | 51,686 | $25.3M | Reduce -9.1% |
| NFLX Netflix Inc. | 0.75% | 20,499 | $25.0M | Reduce -9.9% |
| ZTS Zoetis Inc. | 0.74% | 169,600 | $24.5M | Add +10.5% |
| AMD Advanced Micro Devices | 0.69% | 142,062 | $22.9M | Add +3.1% |
| TMUS T-Mobile US Inc. | 0.68% | 94,334 | $22.5M | Add +1.7% |
| UBER Uber Technologies Inc. | 0.64% | 218,763 | $21.3M | Add +4.1% |
| PGR Progressive Corp. | 0.63% | 84,331 | $21.0M | Add +480.1% |
| PLD Prologis Inc. | 0.61% | 177,452 | $20.3M | Add +1.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.44% | 51,273 | $14.5M | Add +16.0% |
| T AT&T Inc. | 0.42% | 487,023 | $13.8M | Add +12.1% |
| ISRG Intuitive Surgical Inc. | 0.41% | 30,724 | $13.7M | Add +2.3% |
| EMR Emerson Electric Co. | 0.41% | 104,357 | $13.7M | Add +257.7% |
| BN Brookfield Corp. | 0.41% | 197,093 | $13.5M | Add +3.5% |
| CRH CRH PLC | 0.40% | 111,000 | $13.2M | No change |
| HD Home Depot Inc. | 0.39% | 32,003 | $13.0M | Reduce -6.3% |
| BABA Alibaba Group Holding-SP ADR | 0.38% | 70,944 | $12.6M | Reduce -8.6% |
| XOM Exxon Mobil Corp. | 0.38% | 109,830 | $12.4M | Reduce -21.3% |
| PG The Procter & Gamble Co. | 0.36% | 78,474 | $12.1M | Add +6.5% |
| UNP Union Pacific Corp. | 0.35% | 48,647 | $11.5M | Reduce -1.9% |
| SCHW Schwab (charles) Corp. | 0.35% | 119,715 | $11.4M | Add +10.1% |
| HDB HDFC Bank Ltd.-ADR | 0.34% | 326,704 | $11.2M | Add +4.7% |
| ABBV Abbvie Inc. | 0.34% | 48,131 | $11.1M | Add +0.0% |
| EXC Exelon Corp. | 0.32% | 238,533 | $10.7M | Reduce -14.5% |
| MCD McDonald's Corp. | 0.32% | 35,003 | $10.5M | Add +4.0% |
| HON Honeywell International Inc. | 0.31% | 48,976 | $10.4M | Add +10.1% |
| ED Consolidated Edison Inc. | 0.30% | 100,403 | $10.1M | Add +0.4% |
| MRVL Marvell Technology Inc. | 0.30% | 116,962 | $9.8M | Add +55.9% |
| WM Waste Management Inc. | 0.29% | 44,196 | $9.8M | Reduce -14.6% |
| PWR Quanta Services Inc. | 0.29% | 23,750 | $9.7M | Add +3.0% |
| MELI MercadoLibre Inc. | 0.29% | 4,105 | $9.6M | Reduce -7.6% |
| BSX Boston Scientific Corp. | 0.28% | 94,114 | $9.4M | Reduce -16.2% |
| VMC Vulcan Materials Co. | 0.28% | 30,637 | $9.4M | Reduce -11.1% |
| PLTR Palantir Technologies Inc. Class A | 0.27% | 48,512 | $9.0M | Add +17.6% |
| MDLZ Mondelez International Inc. Class A | 0.26% | 138,165 | $8.7M | Add +7.6% |
| PFE Pfizer Inc. | 0.26% | 342,230 | $8.6M | Add +7.3% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.25% | 77,384 | $8.4M | Add +7.2% |
| BX Blackstone Inc. | 0.25% | 48,828 | $8.3M | Add +69.7% |
| WDAY Workday Inc. Class A | 0.24% | 33,177 | $8.0M | Reduce -1.0% |
| GILD Gilead Sciences Inc. | 0.23% | 69,475 | $7.7M | Reduce -18.7% |
| GEV GE Vernova Inc. | 0.23% | 12,506 | $7.7M | Add +30.7% |
| MRK Merck & Co. Inc. | 0.23% | 90,073 | $7.5M | Reduce -4.5% |
| CL Colgate-Palmolive Co. | 0.23% | 92,510 | $7.5M | Add +12.8% |
| SYK Stryker Corp. | 0.22% | 19,771 | $7.3M | Reduce -8.8% |
| BLK BlackRock Inc. | 0.22% | 6,178 | $7.2M | Reduce -15.6% |
| UNH Unitedhealth Group Inc. | 0.20% | 19,351 | $6.7M | Add +84.2% |
| SE Sea Ltd.-ADR | 0.19% | 35,846 | $6.4M | Add +24.0% |
| EEM iShares MSCI Emerging Market | 0.19% | 114,855 | $6.1M | Add +44.5% |
| GS Goldman Sachs Group Inc. | 0.18% | 7,347 | $5.9M | Add +25.6% |
| ANET Arista Networks Inc. | 0.18% | 37,686 | $5.8M | Add +2.6% |
| PEP Pepsico Inc. | 0.17% | 40,723 | $5.7M | Add +21.9% |
| MCO Moody's Corp. | 0.15% | 10,764 | $5.1M | Reduce -1.1% |
| DASH DoorDash Inc. Class A | 0.15% | 18,758 | $5.1M | Add +0.6% |
| DDOG Datadog Inc. Class A | 0.15% | 34,877 | $5.0M | Add +0.2% |
| CEG Constellation Energy | 0.15% | 15,078 | $5.0M | Add +203.2% |
| AMGN Amgen Inc. | 0.15% | 17,670 | $4.9M | Reduce -8.7% |
| VRT Vertiv Holdings Co. Class A | 0.14% | 31,468 | $4.7M | Add +4.7% |
| MSCI MSCI Inc. | 0.14% | 8,276 | $4.7M | Add +38.3% |
| OTIS Otis Worldwide Corp. | 0.14% | 50,276 | $4.6M | Reduce -13.5% |
| DELL Dell Technologies -C | 0.13% | 29,858 | $4.2M | Add +23.4% |
| APD Air Products & Chemicals Inc. | 0.12% | 14,773 | $4.1M | Reduce -1.8% |
| CMCSA Comcast Corp. Class A | 0.12% | 125,495 | $4.0M | Add +7.7% |
| BKR Baker Hughes Co. | 0.11% | 62,434 | $3.8M | Reduce -42.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.11% | 5 | $3.8M | No change |
| IVV iShares Core S&P 500 ETF | 0.11% | 5,524 | $3.7M | Add +5.7% |
| NEE Nextera Energy Inc. | 0.10% | 44,733 | $3.4M | Reduce -1.8% |
| APH Amphenol Corp. Class A | 0.10% | 27,140 | $3.3M | Add +2.4% |
| MAR Marriott International Class A | 0.10% | 12,468 | $3.3M | Add +3.3% |
Lines left out (3) · $188K — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| L Loews Corp. | COM | 0 | $147K |
| TELFY Telefonica SA-Spon ADR | ADR | 0 | $33K |
| WIT Wipro Ltd.-ADR | SPON ADR 1 SH | 0 | $7K |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $3.3B.
Portfolio Sells Q2 2025 → Q3 2025
| BKLN Invesco Senior Loan ETF | Reduce -22.9% | 1.55% | −0.61 |
| RACE Ferrari NV | Sold out | 0.00% | −0.60 |
| ICE Intercontinental Exchange Inc. | Reduce -90.7% | 0.03% | −0.33 |
| NCLO Nuveen Aa-BBB Clo ETF | Sold out | 0.00% | −0.33 |
| CAT Caterpillar Inc. | Reduce -81.6% | 0.08% | −0.31 |
| CMG Chipotle Mexican Grill Inc. | Reduce -98.3% | 0.00% | −0.31 |
| META Meta Platforms Inc. Class A | Reduce -9.8% | 1.55% | −0.30 |
| CRM Salesforce Inc. | Reduce -4.0% | 1.09% | −0.29 |
| MRSH Marsh & McLennan Cos | Reduce -98.6% | 0.00% | −0.29 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -98.9% | 0.00% | −0.29 |
| NOW ServiceNow Inc. | Reduce -3.0% | 1.04% | −0.23 |
| NFLX Netflix Inc. | Reduce -9.9% | 0.75% | −0.23 |
| V Visa Inc. Class A | Reduce -1.4% | 1.71% | −0.22 |
| DIS The Walt Disney Co. | Reduce -4.1% | 1.01% | −0.21 |
| SPGI S&P Global Inc. | Reduce -9.1% | 0.76% | −0.21 |
| DRI Darden Restaurants Inc. | Reduce -98.6% | 0.00% | −0.21 |
| ADBE Adobe Inc. | Reduce -78.7% | 0.03% | −0.15 |
| BKNG Booking Holdings Inc. | Reduce -0.1% | 0.97% | −0.14 |
| SLB SLB Ltd. | Reduce -77.1% | 0.03% | −0.12 |
| XOM Exxon Mobil Corp. | Reduce -21.3% | 0.38% | −0.11 |
| BSX Boston Scientific Corp. | Reduce -16.2% | 0.28% | −0.11 |
| STLA Stellantis NV | Reduce -96.2% | 0.00% | −0.10 |
| WM Waste Management Inc. | Reduce -14.6% | 0.29% | −0.09 |
| MELI MercadoLibre Inc. | Reduce -7.6% | 0.29% | −0.09 |
| LLY Eli Lilly & Co. | Reduce -0.3% | 0.84% | −0.09 |
| FTNT Fortinet Inc. | Reduce -53.0% | 0.04% | −0.08 |
| NEM Newmont Corp. | Reduce -68.7% | 0.06% | −0.08 |
| GILD Gilead Sciences Inc. | Reduce -18.7% | 0.23% | −0.07 |
| EXC Exelon Corp. | Reduce -14.5% | 0.32% | −0.07 |
| MCK McKesson Corp. | Reduce -3.0% | 1.20% | −0.07 |
| AMAT Applied Materials Inc. | Reduce -8.4% | 1.21% | −0.07 |
| SYK Stryker Corp. | Reduce -8.8% | 0.22% | −0.06 |
| DE Deere & Co. | Reduce -53.3% | 0.03% | −0.05 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −0.05 |
| BKR Baker Hughes Co. | Reduce -42.2% | 0.11% | −0.05 |
| GTLB Gitlab Inc. Class A | Sold out | 0.00% | −0.05 |
| FIS Fidelity National Info Serv | Reduce -98.4% | 0.00% | −0.05 |
| OTIS Otis Worldwide Corp. | Reduce -13.5% | 0.14% | −0.05 |
| BMY Bristol-Myers Squibb Co. | Reduce -42.8% | 0.05% | −0.05 |
| NKE Nike Inc. Class B | Reduce -34.9% | 0.06% | −0.04 |
| CARR Carrier Global Corp. | Reduce -98.9% | 0.00% | −0.03 |
| DUK Duke Energy Corp. | Sold out | 0.00% | −0.03 |
| PH Parker Hannifin Corp. | Reduce -2.9% | 1.26% | −0.03 |
| BLK BlackRock Inc. | Reduce -15.6% | 0.22% | −0.03 |
| AMGN Amgen Inc. | Reduce -8.7% | 0.15% | −0.03 |
| DT Dynatrace Inc. | Reduce -24.7% | 0.04% | −0.03 |
| ABT Abbott Laboratories | Reduce -18.2% | 0.07% | −0.02 |
| EL Estee Lauder Companies Class A | Reduce -60.1% | 0.02% | −0.02 |
| CHTR Charter Communications Inc. Class A | Sold out | 0.00% | −0.02 |
| UNP Union Pacific Corp. | Reduce -1.9% | 0.35% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +72.5% | 6.95% | +2.69 |
| VCIT Vanguard Int-Term Corporate | Add +277.5% | 1.29% | +0.93 |
| PGR Progressive Corp. | Add +480.1% | 0.63% | +0.51 |
| TSM Taiwan Semiconductor-SP ADR | Add +11.7% | 1.54% | +0.34 |
| EMR Emerson Electric Co. | Add +257.7% | 0.41% | +0.29 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +18.6% | 1.48% | +0.18 |
| BX Blackstone Inc. | Add +69.7% | 0.25% | +0.11 |
| MRVL Marvell Technology Inc. | Add +55.9% | 0.30% | +0.11 |
| CEG Constellation Energy | Add +203.2% | 0.15% | +0.10 |
| UNH Unitedhealth Group Inc. | Add +84.2% | 0.20% | +0.10 |
| PLTR Palantir Technologies Inc. Class A | Add +17.6% | 0.27% | +0.09 |
| JD Jd.com Inc.-ADR | Add +862.0% | 0.09% | +0.08 |
| FICO Fair Isaac Corp. | Add +674.3% | 0.09% | +0.08 |
| CPRT Copart Inc. | Add +21907.6% | 0.07% | +0.07 |
| GEV GE Vernova Inc. | Add +30.7% | 0.23% | +0.07 |
| EQIX Equinix Inc. | Add +465.6% | 0.08% | +0.07 |
| EEM iShares MSCI Emerging Market | Add +44.5% | 0.19% | +0.06 |
| AMD Advanced Micro Devices | Add +3.1% | 0.69% | +0.06 |
| ANET Arista Networks Inc. | Add +2.6% | 0.18% | +0.06 |
| ABBV Abbvie Inc. | Add +0.0% | 0.34% | +0.05 |
| GS Goldman Sachs Group Inc. | Add +25.6% | 0.18% | +0.04 |
| SE Sea Ltd.-ADR | Add +24.0% | 0.19% | +0.04 |
| BNY Bank of New York Mellon Corp. | Add +7.2% | 0.25% | +0.04 |
| POOL Pool Corp. | New | 0.04% | +0.04 |
| DELL Dell Technologies -C | Add +23.4% | 0.13% | +0.03 |
| MSCI MSCI Inc. | Add +38.3% | 0.14% | +0.03 |
| PEP Pepsico Inc. | Add +21.9% | 0.17% | +0.03 |
| BN Brookfield Corp. | Add +3.5% | 0.41% | +0.03 |
| VCR Vanguard Consumer Discre ETF | New | 0.03% | +0.03 |
| TTWO Take-Two Interactive Softwre | Add +5526.2% | 0.03% | +0.03 |
| SCHW Schwab (charles) Corp. | Add +10.1% | 0.35% | +0.02 |
| KLAC KLA Corp. | Add +15.4% | 0.09% | +0.02 |
| BIDU Baidu Inc. - Spon ADR | Add +1.5% | 0.06% | +0.02 |
| VRT Vertiv Holdings Co. Class A | Add +4.7% | 0.14% | +0.02 |
| DB Deutsche Bank AG-Registered | New | 0.02% | +0.02 |
| MMM 3M Co. | Add +99.2% | 0.04% | +0.02 |
| PLD Prologis Inc. | Add +1.9% | 0.61% | +0.02 |
| KKR KKR & Co. Inc. | Add +50.5% | 0.06% | +0.02 |
| JNJ Johnson & Johnson | Add +7.9% | 0.09% | +0.02 |
| APH Amphenol Corp. Class A | Add +2.4% | 0.10% | +0.02 |
| TGT Target Corp. | Add +2319.3% | 0.02% | +0.01 |
| BAX Baxter International Inc. | Add +5577.2% | 0.01% | +0.01 |
| SNPS Synopsys Inc. | Add +13.7% | 1.09% | +0.01 |
| IBM Intl Business Machines Corp. | Add +16.0% | 0.44% | +0.01 |
| TJX TJX Companies Inc. | New | 0.01% | +0.01 |
| BAC Bank of America Corp. | Add +366.1% | 0.01% | +0.01 |
| TPR Tapestry Inc. | Add +107.4% | 0.02% | +0.01 |
| XPEV Xpeng Inc. - ADR | New | 0.01% | +0.01 |
| HAL Halliburton Co. | Add +5.8% | 0.07% | +0.01 |
| DLR Digital Realty Trust Inc. | Add +29.3% | 0.06% | +0.01 |
Notes & Other Activity Q2 2025 → Q3 2025
| L Loews Corp. | COM | New | 0 | $147K |
| TELFY Telefonica SA-Spon ADR | ADR | New | 0 | $33K |
| AIM Aim Immunotech Inc. | COM NEW | Sold out | 0 | $0before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 328 | $3.7B | LQD, HYG, BKLN, NVDA, MSFT |
| Q1 2026 | 333 | $3.1B | LQD, HYG, MSFT, NVDA, AAPL |
| Q4 2025 | 348 | $3.5B | HYG, LQD, MSFT, NVDA, AAPL |
| Q3 2025 | 329 | $3.3B | HYG, LQD, MSFT, NVDA, AMZN |
| Q2 2025 | 339 | $3.1B | HYG, MSFT, NVDA, LQD, AMZN |
| Q1 2025 | 356 | $2.4B | MSFT, AAPL, AMZN, NVDA, HYG |
| Q4 2024 | 371 | $7.2B | NTR, LQD, MSFT, NVDA, AAPL |
| Q3 2024 | 380 | $2.4B | HYG, LQD, MSFT, NVDA, AAPL |
| Q2 2024 | 332 | $2.0B | MSFT, NVDA, BKLN, AAPL, AMZN |
| Q1 2024 | 339 | $2.1B | MSFT, LQD, BKLN, AAPL, NVDA |