Caisse Des Depots Et Consignations

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Caisse Des Depots Et Consignations reported 204 stock positions worth $2.1 billion. Its top holding was Linde (LIN) at 15.7% of the portfolio, followed by UBS Group AG-Reg (UBS, 12.1%) and Alcon (ALC, 10.1%). Compared with Q4 2024, it opened 8 new positions, sold out of 26, added to 31 and reduced 69. The biggest buy was Mastercard Class A (MA, shares +252%) and the biggest sale Apple (AAPL, shares −0%).

Most Recent 13F
Q2 2026
Location
PARIS, I0
CIK
0001056947
Portfolio Value
$2.1B (Q1 2025)
SEC Filing
0001104659-25-046981 ↗ filed May 12, 2025

Holdings Value

0$2.0B$4.0B$6.0B$8.0B Q4 2024: $2.0B Q4 2024 Q1 2025: $2.1B $2.1B Q1 2025 Q2 2025: $2.4B Q2 2025 Q3 2025: $2.4B Q3 2025 Q4 2025: $4.4B Q4 2025 Q1 2026: $6.1B Q1 2026 Q2 2026: $5.9B Q2 2026

Holdings 204 stocks · $2.1B
LIN Linde PLC 15.74% 703,011 $327.4M Reduce -4.0%
UBS UBS Group AG-Reg 12.11% 7,922,061 $251.9M Reduce -6.0%
ALC Alcon Inc. filed as ALCON AG 10.12% 2,137,092 $210.4M No change
TT Trane Technologies PLC 5.01% 309,159 $104.2M Add +15.9%
AAPL Apple Inc. 3.34% 312,323 $69.4M Reduce -0.4%
V Visa Inc. Class A 3.28% 194,496 $68.2M Reduce -1.1%
NVDA Nvidia Corp. 2.66% 511,146 $55.4M Add +0.7%
IR Ingersoll-Rand Inc. 2.63% 682,627 $54.6M Add +29.3%
QGEN Qiagen N.V. 2.57% 1,345,657 $53.4M Add +10.4%
MSFT Microsoft Corp. 2.39% 132,213 $49.6M No change
AMZN Amazon.com Inc. 1.84% 200,809 $38.2M No change
ACN Accenture PLC Class A 1.83% 122,238 $38.1M Add +0.9%
GOOGL Alphabet Inc. Class A 1.03% 139,180 $21.5M No change
META Meta Platforms Inc. Class A 0.93% 33,683 $19.4M Add +3.3%
AVGO Broadcom Inc. 0.88% 109,101 $18.3M Reduce -6.4%
JPM JPMorgan Chase & Co. 0.83% 70,586 $17.3M Reduce -3.0%
TSLA Tesla Inc. 0.79% 63,417 $16.4M Add +53.8%
GOOG Alphabet Inc. Class C 0.75% 100,253 $15.7M No change
COTY Coty Inc. Class A 0.70% 2,700,000 $14.7M Reduce -6.0%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.64% 202,550 $13.4M No change
WMT Walmart Inc. 0.59% 139,376 $12.2M Reduce -2.8%
ABBV Abbvie Inc. 0.58% 57,415 $12.0M Reduce -3.4%
KO The Coca-Cola Co. 0.54% 156,682 $11.2M Reduce -6.1%
MA Mastercard Inc. Class A 0.53% 20,116 $11.0M Add +252.2%
JNJ Johnson & Johnson 0.52% 65,434 $10.9M Reduce -2.4%
EWT iShares MSCI Taiwan ETF 0.52% 225,000 $10.7M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.51% 256,452 $10.7M Add +1.1%
PG The Procter & Gamble Co. 0.49% 60,254 $10.3M Add +8.0%
CSCO Cisco Systems Inc. 0.49% 163,913 $10.1M Reduce -3.7%
COST Costco Wholesale Corp. 0.48% 10,643 $10.1M Add +137.8%
T AT&T Inc. 0.47% 345,983 $9.8M Add +4.2%
MU Micron Technology Inc. 0.45% 107,291 $9.3M No change
GE General Electric filed as GE AEROSPACE 0.45% 46,435 $9.3M Reduce -8.2%
RTX RTX Corp. 0.45% 70,100 $9.3M Reduce -0.9%
HD Home Depot Inc. 0.43% 24,540 $9.0M Add +3.2%
NFLX Netflix Inc. 0.43% 9,510 $8.9M Add +338.6%
ORCL Oracle Corp. 0.42% 63,177 $8.8M Add +2.8%
EWY iShares MSCI South Korea ETF 0.42% 162,000 $8.8M No change
CRM Salesforce Inc. 0.41% 31,818 $8.5M Add +5.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.41% 34,085 $8.5M No change
GILD Gilead Sciences Inc. 0.41% 75,184 $8.4M Reduce -11.2%
LLY Eli Lilly & Co. 0.40% 9,946 $8.2M Add +13.7%
BSX Boston Scientific Corp. 0.39% 81,077 $8.2M Reduce -9.0%
NEE Nextera Energy Inc. 0.38% 111,970 $7.9M Add +8.6%
PFE Pfizer Inc. 0.37% 299,664 $7.6M Reduce -1.6%
ADP Automatic Data Processing 0.36% 24,430 $7.5M Reduce -0.7%
BRK.B Berkshire Hathaway Inc. Class B 0.35% 13,838 $7.4M New
MS Morgan Stanley 0.34% 61,036 $7.1M Reduce -1.9%
MRK Merck & Co. Inc. 0.33% 75,889 $6.8M No change
PGR Progressive Corp. 0.32% 23,785 $6.7M No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.32% 79,894 $6.7M Reduce -5.6%
UBER Uber Technologies Inc. 0.32% 91,079 $6.6M Add +17.8%
CMCSA Comcast Corp. Class A 0.32% 179,832 $6.6M Add +1.4%
KDP Keurig Dr Pepper Inc. 0.31% 190,480 $6.5M No change
ROL Rollins Inc. 0.29% 113,190 $6.1M Reduce -0.3%
SCHW Schwab (charles) Corp. 0.29% 77,047 $6.0M No change
CNC Centene Corp. 0.29% 99,011 $6.0M No change
CSX CSX Corp. 0.28% 200,273 $5.9M No change
HON Honeywell International Inc. 0.28% 27,229 $5.8M No change
NOW ServiceNow Inc. 0.28% 7,221 $5.7M New
CAH Cardinal Health Inc. 0.27% 41,310 $5.7M Add +11.4%
KVUE Kenvue Inc. 0.27% 233,185 $5.6M No change
CPRT Copart Inc. 0.27% 98,183 $5.6M No change
ADBE Adobe Inc. 0.27% 14,367 $5.5M No change
MDT Medtronic PLC 0.26% 61,016 $5.5M No change
EQH Equitable Holdings Inc. 0.26% 105,228 $5.5M Add +24.4%
CMG Chipotle Mexican Grill Inc. 0.26% 108,472 $5.4M No change
WY Weyerhaeuser Co. 0.26% 183,971 $5.4M No change
CNH CNH Industrial NV 0.26% 438,561 $5.4M Reduce -4.3%
SBUX Starbucks Corp. 0.25% 54,009 $5.3M Add +60.4%
EXC Exelon Corp. 0.25% 113,783 $5.2M No change
EW Edwards Lifesciences Corp. 0.25% 72,221 $5.2M Reduce -5.3%
HBAN Huntington Bancshares Inc. 0.25% 347,815 $5.2M No change
CRH CRH PLC 0.24% 57,001 $5.0M No change
DHR Danaher Corp. 0.24% 23,972 $4.9M No change
INTC Intel Corp. 0.23% 214,367 $4.9M Add +2.7%
EXPD Expeditors Intl Wash Inc. 0.23% 40,459 $4.9M No change
FAST Fastenal Co. 0.23% 62,299 $4.8M Add +4.4%
LRCX Lam Research Corp. 0.23% 66,118 $4.8M No change
JCI Johnson Controls Internation 0.23% 59,869 $4.8M No change
OTIS Otis Worldwide Corp. 0.21% 42,945 $4.4M Reduce -9.0%
ECL Ecolab Inc. 0.21% 17,052 $4.3M No change
MNST Monster Beverage Corp. 0.21% 73,289 $4.3M Add +2.6%
EA Electronic Arts Inc. 0.20% 28,287 $4.1M No change
LNC Lincoln National Corp. 0.19% 112,197 $4.0M Reduce -5.8%
CVS CVS Health Corp. 0.19% 58,610 $4.0M No change
ICE Intercontinental Exchange Inc. 0.19% 22,401 $3.9M No change
PCAR Paccar Inc. 0.18% 38,766 $3.8M No change
MOH Molina Healthcare Inc. 0.18% 11,438 $3.8M No change
ALHC Alignment Healthcare Inc. 0.18% 199,391 $3.7M No change
QCOM Qualcomm Inc. 0.18% 23,858 $3.7M No change
JXN Jackson Financial Inc. Class A 0.17% 42,843 $3.6M Reduce -25.7%
MDLZ Mondelez International Inc. Class A 0.17% 52,874 $3.6M Add +3.0%
BHF Brighthouse Financial Inc. 0.17% 60,915 $3.5M Reduce -32.3%
ADSK Autodesk Inc. 0.17% 13,459 $3.5M Reduce -1.3%
BMY Bristol-Myers Squibb Co. 0.17% 57,487 $3.5M No change
SYF Synchrony Financial 0.17% 66,175 $3.5M Reduce -3.8%
PEG Public Service Enterprise GP 0.17% 42,341 $3.5M No change
CARR Carrier Global Corp. 0.16% 52,636 $3.3M No change
DBX Dropbox Inc. Class A 0.15% 120,102 $3.2M No change

Show all 204 holdings

Portfolio Sells Q4 2024 → Q1 2025
AAPL Apple Inc. Reduce -0.4% 3.34% −0.52
AVGO Broadcom Inc. Reduce -6.4% 0.88% −0.45
COTY Coty Inc. Class A Reduce -6.0% 0.70% −0.26
VICI Vici Properties Inc. Sold out 0.00% −0.18
PCG P G & E Corp. Reduce -72.5% 0.05% −0.17
F Ford Motor Co. Reduce -91.9% 0.01% −0.17
ALLY Ally Financial Inc. Reduce -94.3% 0.01% −0.17
HPE Hewlett Packard Enterprise Reduce -51.8% 0.08% −0.15
TXT Textron Inc. Sold out 0.00% −0.15
KHC The Kraft Heinz Co. Reduce -96.7% 0.00% −0.13
KBH KB Home Sold out 0.00% −0.12
RF Regions Financial Corp. Sold out 0.00% −0.08
R Ryder System Inc. Sold out 0.00% −0.08
JXN Jackson Financial Inc. Class A Reduce -25.7% 0.17% −0.07
CTRE Caretrust REIT Inc. Reduce -55.4% 0.06% −0.06
HST Host Hotels & Resorts Inc. Reduce -28.1% 0.08% −0.06
KKR KKR & Co. Inc. Reduce -18.2% 0.10% −0.06
KNF Knife River Corp. Sold out 0.00% −0.06
TFC Truist Financial Corp. Reduce -44.9% 0.06% −0.05
WBD Warner Bros Discovery Inc. Sold out 0.00% −0.05
TOL Toll Brothers Inc. Sold out 0.00% −0.05
SYF Synchrony Financial Reduce -3.8% 0.17% −0.05
ADT Adt Inc. Reduce -46.4% 0.08% −0.05
DCI Donaldson Co. Inc. Reduce -61.4% 0.03% −0.05
ORI Old Republic Intl Corp. Reduce -28.8% 0.15% −0.05
TAP Molson Coors Beverage Co. Class B Sold out 0.00% −0.05
WMT Walmart Inc. Reduce -2.8% 0.59% −0.05
STWD Starwood Property Trust Inc. Reduce -58.0% 0.03% −0.04
BHF Brighthouse Financial Inc. Reduce -32.3% 0.17% −0.04
MS Morgan Stanley Reduce -1.9% 0.34% −0.04
COUR Coursera Inc. Reduce -40.6% 0.03% −0.04
ALSN Allison Transmission Holding Reduce -42.8% 0.04% −0.04
GEV GE Vernova Inc. Sold out 0.00% −0.04
YUM Yum! Brands Inc. Sold out 0.00% −0.03
MTG Mgic Investment Corp. Sold out 0.00% −0.03
PFE Pfizer Inc. Reduce -1.6% 0.37% −0.03
ADSK Autodesk Inc. Reduce -1.3% 0.17% −0.03
CRBG Corebridge Financial Inc. Sold out 0.00% −0.03
ADM Archer-Daniels-Midland Co. Reduce -39.0% 0.04% −0.03
DRS Leonardo DRS Inc. Sold out 0.00% −0.03
EW Edwards Lifesciences Corp. Reduce -5.3% 0.25% −0.03
JPM JPMorgan Chase & Co. Reduce -3.0% 0.83% −0.02
CWEN Clearway Energy Inc. Class C Reduce -38.7% 0.05% −0.02
BXC Bluelinx Holdings Inc. Reduce -17.7% 0.03% −0.02
TRN Trinity Industries Inc. Sold out 0.00% −0.02
HROW Harrow Inc. Reduce -32.9% 0.02% −0.02
MMM 3M Co. Reduce -32.4% 0.06% −0.02
PRGS Progress Software Corp. Sold out 0.00% −0.02
CXM Sprinklr Inc. Class A Reduce -23.8% 0.05% −0.02
C Citigroup Inc. Reduce -63.4% 0.01% −0.02

Portfolio Buys Q4 2024 → Q1 2025
MA Mastercard Inc. Class A Add +252.2% 0.53% +0.38
BRK.B Berkshire Hathaway Inc. Class B New 0.35% +0.35
NFLX Netflix Inc. Add +338.6% 0.43% +0.33
COST Costco Wholesale Corp. Add +137.8% 0.48% +0.28
IR Ingersoll-Rand Inc. Add +29.3% 2.63% +0.28
NOW ServiceNow Inc. New 0.28% +0.28
TT Trane Technologies PLC Add +15.9% 5.01% +0.17
RIVN Rivian Automotive Inc. Class A New 0.14% +0.14
SBUX Starbucks Corp. Add +60.4% 0.25% +0.10
BKNG Booking Holdings Inc. New 0.10% +0.10
T AT&T Inc. Add +4.2% 0.47% +0.10
UBER Uber Technologies Inc. Add +17.8% 0.32% +0.09
EQH Equitable Holdings Inc. Add +24.4% 0.26% +0.07
RDDT Reddit Inc. Class A New 0.06% +0.06
LLY Eli Lilly & Co. Add +13.7% 0.40% +0.06
CAH Cardinal Health Inc. Add +11.4% 0.27% +0.06
AMT American Tower Corp. New 0.05% +0.05
DOC Healthpeak Properties Inc. Add +97.8% 0.07% +0.04
PG The Procter & Gamble Co. Add +8.0% 0.49% +0.03
MSTR Strategy Inc. New 0.03% +0.03
ABT Abbott Laboratories Add +28.9% 0.10% +0.03
INTC Intel Corp. Add +2.7% 0.23% +0.03
MDLZ Mondelez International Inc. Class A Add +3.0% 0.17% +0.02
MNST Monster Beverage Corp. Add +2.6% 0.21% +0.02
FAST Fastenal Co. Add +4.4% 0.23% +0.02
NEE Nextera Energy Inc. Add +8.6% 0.38% +0.02
CVNA Carvana Co. New 0.01% +0.01
CRCT Cricut Inc. Class A Add +96.8% 0.01% +0.00
UNIT Uniti Group LLC Com SHS Add +21.9% 0.03% +0.00
META Meta Platforms Inc. Class A Add +3.3% 0.93% −0.00
CMCSA Comcast Corp. Class A Add +1.4% 0.32% −0.01
HD Home Depot Inc. Add +3.2% 0.43% −0.02
TSLA Tesla Inc. Add +53.8% 0.79% −0.03
BAC Bank of America Corp. Add +1.1% 0.51% −0.03
ORCL Oracle Corp. Add +2.8% 0.42% −0.08
QGEN Qiagen N.V. Add +10.4% 2.57% −0.08
CRM Salesforce Inc. Add +5.4% 0.41% −0.08
ACN Accenture PLC Class A Add +0.9% 1.83% −0.26
NVDA Nvidia Corp. Add +0.7% 2.66% −0.68

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 235$5.9BTTE, AZN, UBS, LIN, ALC
Q1 2026 217$6.1BTTE, AZN, LIN, UBS, ALC
Q4 2025 209$4.4BTTE, UBS, LIN, ALC, TT
Q3 2025 218$2.4BLIN, UBS, ALC, TT, NVDA
Q2 2025 193$2.4BLIN, UBS, ALC, TT, AMRZ
Q1 2025 204$2.1BLIN, UBS, ALC, TT, AAPL
Q4 2024 222$2.0BLIN, UBS, ALC, TT, AAPL