Boussard & Gavaudan Investment Management LLP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Boussard & Gavaudan Investment Management LLP reported 78 stock positions worth $755.7 million. Its top holding was Microsoft (MSFT) at 9.4% of the portfolio, followed by Apple (AAPL, 9.4%) and Nvidia (NVDA, 7.2%). Compared with Q3 2024, it opened 47 new positions, sold out of 37, added to 9 and reduced 17. The biggest buy was a new position in Microsoft (MSFT) and the biggest sale Axon Enterprise Inc. (axon 0.5 12/15/27) (shares −6%).
- Most Recent 13F
- Q1 2026
- Location
- London, X0
- CIK
- 0001614986
- Portfolio Value
- $755.7M (Q4 2024)
- SEC Filing
- 0001614986-25-000001 ↗ filed Feb 12, 2025
Holdings Value
Holdings 78 stocks · $755.7M
| MSFT Microsoft Corp. | 9.43% | 167,756 | $71.3M | New |
| AAPL Apple Inc. | 9.36% | 280,600 | $70.8M | New |
| NVDA Nvidia Corp. | 7.18% | 394,502 | $54.2M | Add +171.0% |
| GOOGL Alphabet Inc. Class A | 5.14% | 203,000 | $38.8M | Add +90.3% |
| LLY Eli Lilly & Co. | 5.12% | 50,000 | $38.7M | New |
| HES Hess Corp. | 4.67% | 269,934 | $35.3M | Reduce -18.2% |
| ANSS Ansys Inc. | 3.77% | 84,403 | $28.5M | Reduce -1.9% |
| ALTAIR ENGINEERING INC (ALTR 1.75 06/15/27) | 3.69% | 17,876 | $27.8M | No change |
| COST Costco Wholesale Corp. | 3.54% | 29,000 | $26.7M | Reduce -17.1% |
| HUBSPOT INC (HUBS 0.375 06/01/25) | 2.98% | 9,114 | $22.5M | Reduce -65.6% |
| ABBV Abbvie Inc. | 2.80% | 120,000 | $21.1M | New |
| CRWD CrowdStrike Holdings Inc. Class A | 2.54% | 54,993 | $19.2M | New |
| DYNAVAX TECHNOLOGIES (DVAX 2.5 05/15/26) | 2.48% | 14,180 | $18.7M | No change |
| UPS United Parcel Service Class B | 2.40% | 145,000 | $18.2M | New |
| BX Blackstone Inc. | 2.36% | 103,562 | $17.8M | New |
| GS Goldman Sachs Group Inc. | 2.17% | 28,646 | $16.4M | New |
| TXN Texas Instruments Inc. | 2.05% | 82,500 | $15.5M | Add +57.1% |
| META Meta Platforms Inc. Class A | 1.98% | 25,325 | $15.0M | New |
| CMCSA Comcast Corp. Class A | 1.98% | 400,000 | $15.0M | New |
| DFS Discover Financial Services | 1.89% | 82,824 | $14.3M | Reduce -9.8% |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | 1.85% | 9,300 | $14.0M | New |
| X United States Steel Corp. | 1.78% | 433,300 | $13.4M | Reduce -27.8% |
| CBOE Cboe Global Markets Inc. | 1.58% | 60,769 | $11.9M | New |
| MCO Moody's Corp. | 1.27% | 20,241 | $9.6M | New |
| ON On Semiconductor | 1.16% | 138,152 | $8.8M | New |
| BAP Credicorp Ltd. | 1.15% | 48,124 | $8.7M | New |
| AXTA Axalta Coating Systems Ltd. | 1.10% | 244,069 | $8.3M | New |
| OACC Oaktree Acquisition Corp. I-A | 1.01% | 750,000 | $7.6M | New |
| ANSC Agriculture & Natural Soluti | 0.97% | 700,000 | $7.3M | No change |
| AMZN Amazon.com Inc. | 0.80% | 27,181 | $6.0M | New |
| TRIP Tripadvisor Inc. | 0.74% | 375,668 | $5.6M | Add +5.6% |
| EQIX Equinix Inc. | 0.72% | 5,793 | $5.4M | New |
| SWKS Skyworks Solutions Inc. | 0.71% | 60,996 | $5.4M | New |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | 0.71% | 5,000 | $5.3M | Reduce -2.3% |
| BGC BGC Group Inc. Class A | 0.58% | 490,834 | $4.4M | New |
| SRDX Surmodics Inc. | 0.52% | 98,375 | $3.9M | New |
| BERY Berry Global Group Inc. | 0.47% | 55,200 | $3.5M | New |
| ARES ACQUISITION CORP II | 0.43% | 300,000 | $3.3M | No change |
| ENVISTA HOLDINGS CORP (NVST 2.375 06/01/25) | 0.41% | 2,911 | $3.1M | Reduce -63.7% |
| SCCO Southern Copper Corp. | 0.38% | 31,301 | $2.9M | New |
| JNPR Juniper Networks Inc. | 0.37% | 74,583 | $2.8M | New |
| NEE Nextera Energy Inc. | 0.35% | 36,362 | $2.6M | New |
| GFL GFL Environmental Inc.-Sub VT | 0.33% | 56,085 | $2.5M | Reduce -13.5% |
| ADM Archer-Daniels-Midland Co. | 0.30% | 44,669 | $2.2M | New |
| PODD Insulet Corp. | 0.27% | 7,732 | $2.0M | New |
| FAST Fastenal Co. | 0.26% | 27,242 | $2.0M | New |
| XOM Exxon Mobil Corp. | 0.24% | 17,485 | $1.8M | New |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.22% | 15,422 | $1.7M | New |
| MAR Marriott International Class A | 0.20% | 5,414 | $1.5M | New |
| CNP Centerpoint Energy Inc. | 0.19% | 46,192 | $1.5M | New |
| MLM Martin Marietta Materials | 0.19% | 2,758 | $1.4M | New |
| V Visa Inc. Class A | 0.18% | 4,298 | $1.4M | Reduce -95.7% |
| INFN Infinera Corp. | 0.16% | 188,298 | $1.2M | No change |
| SNREY Sunrise Communicat Class A | 0.16% | 28,395 | $1.2M | New |
| DOW Dow Inc. | 0.15% | 28,935 | $1.1M | New |
| GDDY GoDaddy Inc. Class A | 0.13% | 5,020 | $1.0M | New |
| CHD Church & Dwight Co. Inc. | 0.13% | 9,550 | $999K | New |
| XYZ Block Inc. | 0.12% | 10,636 | $930K | New |
| VEEV Veeva Systems Inc. Class A | 0.12% | 4,293 | $908K | New |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | 0.01% | 37,000 | $98K | Reduce -6.3% |
| INSMED INC (INSM 0.75 06/01/28) | 0.01% | 25,700 | $56K | Reduce -8.2% |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | 0.01% | 54,910 | $53K | Reduce -0.2% |
| ETSY INC (ETSY 0.125 10/01/26) | 0.01% | 49,226 | $48K | Add +4.7% |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | 0.00% | 20,500 | $33K | Add +5.1% |
| FRESHPET INC (FRPT 3 04/01/28) | 0.00% | 10,490 | $23K | Add +16.7% |
| BOX INC (BOX 0 01/15/26) | 0.00% | 15,942 | $20K | New |
| ZSCALER INC. (ZS 0.125 07/01/25) | 0.00% | 14,000 | $18K | Add +7.7% |
| FLUOR CORP (FLR 1.125 08/15/29) | 0.00% | 13,200 | $17K | New |
| NUTANIX INC (NTNX 0.25 10/01/27) | 0.00% | 10,000 | $12K | Reduce -13.0% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | 0.00% | 9,247 | $11K | New |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | 0.00% | 7,973 | $10K | Reduce -23.9% |
| DROPBOX INC (DBX 0 03/01/28) | 0.00% | 9,500 | $10K | Reduce -18.1% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | 0.00% | 6,500 | $7K | Reduce -38.1% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | 0.00% | 6,000 | $6K | New |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | 0.00% | 5,955 | $5K | Add +39.4% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | 0.00% | 5,000 | $5K | New |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | 0.00% | 3,500 | $5K | New |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | 0.00% | 2,500 | $3K | New |
Options reported separately and not counted above: UNITED STATES STL CORP NEW puts ($2.0M), CBOE GLOBAL MKTS INC puts ($277K), ETSY INC puts ($60K).
Other holdings (9): bonds, preferreds, convertibles and warrants · $199K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 | 350,000 | $95K | No change |
| BKSYW Blacksky Technology -CW24 | *W EXP 09/09/202 | 265,081 | $31K | New |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 99/99/999 | 150,000 | $24K | No change |
| SLDPW Decarbonization Plus -CW23 | *W EXP 12/08/202 | 45,387 | $19K | New |
| LOTWW Lotus Technology Inc.-28 | *W EXP 02/22/202 | 91,666 | $14K | New |
| ORGNW Origin Materials -CW26 | *W EXP 06/25/202 | 76,667 | $8K | New |
| GCTS.WS Concord Acq Class A -CW28 | *W EXP 03/01/202 | 25,000 | $4K | New |
| LANWF Lanvin Group Holdings Ltd.-27 | *W EXP 01/14/202 | 62,500 | $3K | New |
| SSTPW SYSTEM1 Inc.-CW | *W EXP 01/27/202 | 56,666 | $1K | New |
Total filed on the 13F, all lines: $755.9M.
Portfolio Sells Q3 2024 → Q4 2024
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | Reduce -6.3% | 0.01% | −11.41 |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | Sold out | 0.00% | −6.02 |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | Sold out | 0.00% | −4.66 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −4.47 |
| V Visa Inc. Class A | Reduce -95.7% | 0.18% | −4.24 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −3.71 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −3.22 |
| CTLT Catalent Inc. | Sold out | 0.00% | −2.94 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −2.85 |
| HES Hess Corp. | Reduce -18.2% | 4.67% | −2.47 |
| PNC PNC Financial Services Group | Sold out | 0.00% | −2.05 |
| AON Aon PLC Class A | Sold out | 0.00% | −1.93 |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | Sold out | 0.00% | −1.90 |
| PM Philip Morris International | Sold out | 0.00% | −1.63 |
| VMRK Vivmark Residential | Sold out | 0.00% | −1.58 |
| X United States Steel Corp. | Reduce -27.8% | 1.78% | −1.57 |
| COST Costco Wholesale Corp. | Reduce -17.1% | 3.54% | −1.48 |
| SQSP Squarespace Inc. Class A | Sold out | 0.00% | −1.34 |
| LBRDK Liberty Broadband-C | Sold out | 0.00% | −1.14 |
| ENVISTA HOLDINGS CORP (NVST 2.375 06/01/25) | Reduce -63.7% | 0.41% | −1.01 |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | Sold out | 0.00% | −1.01 |
| VSTS Vestis Corp. | Sold out | 0.00% | −0.91 |
| EXE Expand Energy Corp. | Sold out | 0.00% | −0.90 |
| ENV Envestnet Inc. | Sold out | 0.00% | −0.89 |
| WING Wingstop Inc. | Sold out | 0.00% | −0.79 |
| SOLV Solventum Corp. | Sold out | 0.00% | −0.69 |
| ANSS Ansys Inc. | Reduce -1.9% | 3.77% | −0.67 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.58 |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | Reduce -2.3% | 0.71% | −0.34 |
| CAVA Cava Group Inc. | Sold out | 0.00% | −0.30 |
| DFS Discover Financial Services | Reduce -9.8% | 1.89% | −0.18 |
| GFL GFL Environmental Inc.-Sub VT | Reduce -13.5% | 0.33% | −0.09 |
| FA First Advantage Corp. | Sold out | 0.00% | −0.07 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.04 |
| DATADOG INC (DDOG 0.125 06/15/25) | Sold out | 0.00% | −0.00 |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | Sold out | 0.00% | −0.00 |
| INSMED INC (INSM 0.75 06/01/28) | Reduce -8.2% | 0.01% | −0.00 |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | Sold out | 0.00% | −0.00 |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | Reduce -0.2% | 0.01% | −0.00 |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | Sold out | 0.00% | −0.00 |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | Sold out | 0.00% | −0.00 |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | Sold out | 0.00% | −0.00 |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | Reduce -38.1% | 0.00% | −0.00 |
| MONGODB INC (MDB 0.25 01/15/26) | Sold out | 0.00% | −0.00 |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | Sold out | 0.00% | −0.00 |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | Sold out | 0.00% | −0.00 |
| POST HOLDINGS INC (POST 2.5 08/15/27) | Sold out | 0.00% | −0.00 |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | Sold out | 0.00% | −0.00 |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | Reduce -23.9% | 0.00% | −0.00 |
| NUTANIX INC (NTNX 0.25 10/01/27) | Reduce -13.0% | 0.00% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| MSFT Microsoft Corp. | New | 9.43% | +9.43 |
| AAPL Apple Inc. | New | 9.36% | +9.36 |
| LLY Eli Lilly & Co. | New | 5.12% | +5.12 |
| NVDA Nvidia Corp. | Add +171.0% | 7.18% | +4.35 |
| ABBV Abbvie Inc. | New | 2.80% | +2.80 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 2.54% | +2.54 |
| UPS United Parcel Service Class B | New | 2.40% | +2.40 |
| BX Blackstone Inc. | New | 2.36% | +2.36 |
| GOOGL Alphabet Inc. Class A | Add +90.3% | 5.14% | +2.32 |
| GS Goldman Sachs Group Inc. | New | 2.17% | +2.17 |
| META Meta Platforms Inc. Class A | New | 1.98% | +1.98 |
| CMCSA Comcast Corp. Class A | New | 1.98% | +1.98 |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | New | 1.85% | +1.85 |
| CBOE Cboe Global Markets Inc. | New | 1.58% | +1.58 |
| MCO Moody's Corp. | New | 1.27% | +1.27 |
| ON On Semiconductor | New | 1.16% | +1.16 |
| BAP Credicorp Ltd. | New | 1.15% | +1.15 |
| AXTA Axalta Coating Systems Ltd. | New | 1.10% | +1.10 |
| OACC Oaktree Acquisition Corp. I-A | New | 1.01% | +1.01 |
| AMZN Amazon.com Inc. | New | 0.80% | +0.80 |
| EQIX Equinix Inc. | New | 0.72% | +0.72 |
| SWKS Skyworks Solutions Inc. | New | 0.71% | +0.71 |
| BGC BGC Group Inc. Class A | New | 0.58% | +0.58 |
| SRDX Surmodics Inc. | New | 0.52% | +0.52 |
| BERY Berry Global Group Inc. | New | 0.47% | +0.47 |
| SCCO Southern Copper Corp. | New | 0.38% | +0.38 |
| JNPR Juniper Networks Inc. | New | 0.37% | +0.37 |
| NEE Nextera Energy Inc. | New | 0.35% | +0.35 |
| TXN Texas Instruments Inc. | Add +57.1% | 2.05% | +0.31 |
| ADM Archer-Daniels-Midland Co. | New | 0.30% | +0.30 |
| PODD Insulet Corp. | New | 0.27% | +0.27 |
| FAST Fastenal Co. | New | 0.26% | +0.26 |
| XOM Exxon Mobil Corp. | New | 0.24% | +0.24 |
| SJM The JM Smucker Co. | New | 0.22% | +0.22 |
| MAR Marriott International Class A | New | 0.20% | +0.20 |
| CNP Centerpoint Energy Inc. | New | 0.19% | +0.19 |
| MLM Martin Marietta Materials | New | 0.19% | +0.19 |
| SNREY Sunrise Communicat Class A | New | 0.16% | +0.16 |
| DOW Dow Inc. | New | 0.15% | +0.15 |
| GDDY GoDaddy Inc. Class A | New | 0.13% | +0.13 |
| CHD Church & Dwight Co. Inc. | New | 0.13% | +0.13 |
| XYZ Block Inc. | New | 0.12% | +0.12 |
| VEEV Veeva Systems Inc. Class A | New | 0.12% | +0.12 |
| BOX INC (BOX 0 01/15/26) | New | 0.00% | +0.00 |
| FLUOR CORP (FLR 1.125 08/15/29) | New | 0.00% | +0.00 |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | New | 0.00% | +0.00 |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | New | 0.00% | +0.00 |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | New | 0.00% | +0.00 |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | New | 0.00% | +0.00 |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | New | 0.00% | +0.00 |
Options Activity Q3 2024 → Q4 2024
| STATE STR SPDR S&P 500 ETF T | put | Sold out | 3,500 | $2.2Mbefore exit |
| UNITED STATES STL CORP NEW | put | Reduce -27.8% | 4,333 | $2.0M |
| VOLATILITY SHS TR | put | Sold out | 8,115 | $382Kbefore exit |
| CBOE GLOBAL MKTS INC | put | New | 4,243 | $277K |
| VOLATILITY SHS TR | call | Sold out | 1,000 | $259Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024
| BKSYW Blacksky Technology -CW24 | *W EXP 09/09/202 | New | 265,081 | $31K |
| SLDPW Decarbonization Plus -CW23 | *W EXP 12/08/202 | New | 45,387 | $19K |
| LOTWW Lotus Technology Inc.-28 | *W EXP 02/22/202 | New | 91,666 | $14K |
| ORGNW Origin Materials -CW26 | *W EXP 06/25/202 | New | 76,667 | $8K |
| GCTS.WS Concord Acq Class A -CW28 | *W EXP 03/01/202 | New | 25,000 | $4K |
| LANWF Lanvin Group Holdings Ltd.-27 | *W EXP 01/14/202 | New | 62,500 | $3K |
| SSTPW SYSTEM1 Inc.-CW | *W EXP 01/27/202 | New | 56,666 | $1K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q1 2026 | 69 | $420.1M | WBD, EA, EQUINOX GOLD CORP (EQXCN 4.75 10/15/28), NSC, GUARDANT HEALTH INC (GH 1.25 02/15/31) |
| Q4 2025 | 77 | $660.5M | SNOWFLAKE INC (SNOW 0 10/01/29), BX, AAPL, BOX INC (BOX 0 01/15/26), NSC |
| Q3 2025 | 64 | $456.4M | AXON ENTERPRISE INC (AXON 0.5 12/15/27), STRATEGY INC (MSTR 0.625 09/15/28), WESTERN DIGITAL CORP (WDC 3 11/15/28), BOX INC (BOX 0 01/15/26), BURLINGTON STORES INC (BURL 1.25 12/15/27) |
| Q2 2025Amended | 48 | $381.3M | AXON ENTERPRISE INC (AXON 0.5 12/15/27), BOX INC (BOX 0 01/15/26), HES, LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29), INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) |
| Q1 2025 | 44 | $314.7M | HES, AXON ENTERPRISE INC (AXON 0.5 12/15/27), ANSS, BURLINGTON STORES INC (BURL 1.25 12/15/27), BOX INC (BOX 0 01/15/26) |
| Q4 2024 | 78 | $755.7M | MSFT, AAPL, NVDA, GOOGL, LLY |
| Q3 2024 | 68 | $621.1M | AXON ENTERPRISE INC (AXON 0.5 12/15/27), HES, CNX RESOURCES CORP (CNX 2.25 05/01/26), COST, INTERDIGITAL INC (IDCC 3.5 06/01/27) |
| Q2 2024 | 57 | $316.9M | HES, X, ANSS, CTLT, LSXMK |
| Q1 2024 | 62 | $549.7M | PXD, LSXMK, HES, ALTAIR ENGINEERING INC (ALTR 0.25 06/01/24), X |