Caisse Des Depots Et Consignations
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 31, 2025), Caisse Des Depots Et Consignations reported 193 stock positions worth $2.4 billion. Its top holding was Linde (LIN) at 13.8% of the portfolio, followed by UBS Group AG-Reg (UBS, 12.0%) and Alcon (ALC, 9.0%). Compared with Q1 2025, it opened 19 new positions, sold out of 31, added to 45 and reduced 47. The biggest buy was a new position in Amrize (AMRZ) and the biggest sale an exit from Berkshire Hathaway Class B (BRK.B).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0001056947
- Portfolio Value
- $2.4B (Q2 2025)
- SEC Filing
- 0001104659-25-072507 ↗ filed Jul 31, 2025
Holdings Value
Holdings 193 stocks · $2.4B
| LIN Linde PLC | 13.83% | 704,086 | $330.3M | Add +0.1% |
| UBS UBS Group AG-Reg | 12.02% | 7,922,061 | $287.0M | No change |
| ALC Alcon Inc. filed as ALCON AG | 8.98% | 2,264,092 | $214.4M | Add +5.9% |
| TT Trane Technologies PLC | 5.66% | 309,159 | $135.2M | No change |
| AMRZ Amrize Ltd. | 4.32% | 1,931,802 | $103.2M | New |
| NVDA Nvidia Corp. | 3.37% | 509,946 | $80.6M | Reduce -0.2% |
| V Visa Inc. Class A | 2.89% | 194,669 | $69.0M | Add +0.1% |
| MSFT Microsoft Corp. | 2.75% | 132,213 | $65.8M | No change |
| AAPL Apple Inc. | 2.72% | 316,217 | $64.9M | Add +1.3% |
| QGEN Qiagen N.V. | 2.70% | 1,345,657 | $64.5M | No change |
| IR Ingersoll-Rand Inc. | 2.38% | 682,627 | $56.8M | No change |
| AMZN Amazon.com Inc. | 1.84% | 200,809 | $44.1M | No change |
| ACN Accenture PLC Class A | 1.69% | 135,238 | $40.4M | Add +10.6% |
| AVGO Broadcom Inc. | 1.26% | 109,418 | $30.2M | Add +0.3% |
| META Meta Platforms Inc. Class A | 1.05% | 34,038 | $25.1M | Add +1.1% |
| GOOGL Alphabet Inc. Class A | 1.03% | 139,180 | $24.5M | No change |
| TSLA Tesla Inc. | 0.86% | 64,808 | $20.6M | Add +2.2% |
| JPM JPMorgan Chase & Co. | 0.86% | 70,586 | $20.5M | No change |
| GOOG Alphabet Inc. Class C | 0.69% | 93,120 | $16.5M | Reduce -7.1% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.69% | 202,550 | $16.4M | No change |
| WMT Walmart Inc. | 0.57% | 139,876 | $13.7M | Add +0.4% |
| ORCL Oracle Corp. | 0.56% | 61,271 | $13.4M | Reduce -3.0% |
| MU Micron Technology Inc. | 0.55% | 107,291 | $13.2M | No change |
| EWT iShares MSCI Taiwan ETF | 0.54% | 225,000 | $12.9M | No change |
| COTY Coty Inc. Class A | 0.52% | 2,700,000 | $12.5M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.52% | 261,777 | $12.4M | Add +2.1% |
| EWY iShares MSCI South Korea ETF | 0.49% | 162,000 | $11.6M | No change |
| CSCO Cisco Systems Inc. | 0.47% | 162,133 | $11.2M | Reduce -1.1% |
| MA Mastercard Inc. Class A | 0.47% | 19,898 | $11.2M | Reduce -1.1% |
| ABBV Abbvie Inc. | 0.46% | 59,391 | $11.0M | Add +3.4% |
| KO The Coca-Cola Co. | 0.46% | 155,746 | $11.0M | Reduce -0.6% |
| GE General Electric filed as GE AEROSPACE | 0.45% | 41,856 | $10.8M | Reduce -9.9% |
| PG The Procter & Gamble Co. | 0.43% | 63,804 | $10.2M | Add +5.9% |
| JNJ Johnson & Johnson | 0.42% | 65,835 | $10.1M | Add +0.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.42% | 34,085 | $10.0M | No change |
| CRM Salesforce Inc. | 0.41% | 36,157 | $9.9M | Add +13.6% |
| HD Home Depot Inc. | 0.41% | 26,436 | $9.7M | Add +7.7% |
| RTX RTX Corp. | 0.40% | 66,002 | $9.6M | Reduce -5.8% |
| T AT&T Inc. | 0.38% | 313,606 | $9.1M | Reduce -9.4% |
| UBER Uber Technologies Inc. | 0.37% | 95,525 | $8.9M | Add +4.9% |
| SCHW Schwab (charles) Corp. | 0.36% | 95,120 | $8.7M | Add +23.5% |
| MS Morgan Stanley | 0.36% | 61,036 | $8.6M | No change |
| BSX Boston Scientific Corp. | 0.36% | 79,414 | $8.5M | Reduce -2.0% |
| PGR Progressive Corp. | 0.35% | 31,633 | $8.4M | Add +33.0% |
| GILD Gilead Sciences Inc. | 0.34% | 73,552 | $8.2M | Reduce -2.2% |
| PFE Pfizer Inc. | 0.34% | 333,576 | $8.1M | Add +11.3% |
| AMD Advanced Micro Devices | 0.33% | 55,324 | $7.9M | Add +119.4% |
| NEE Nextera Energy Inc. | 0.33% | 111,893 | $7.8M | Reduce -0.1% |
| NOW ServiceNow Inc. | 0.31% | 7,221 | $7.4M | No change |
| ADP Automatic Data Processing | 0.30% | 23,192 | $7.2M | Reduce -5.1% |
| ADBE Adobe Inc. | 0.30% | 18,377 | $7.1M | Add +27.9% |
| LLY Eli Lilly & Co. | 0.29% | 9,023 | $7.0M | Reduce -9.3% |
| CMG Chipotle Mexican Grill Inc. | 0.29% | 123,218 | $6.9M | Add +13.6% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.29% | 75,229 | $6.9M | Reduce -5.8% |
| CSX CSX Corp. | 0.28% | 205,809 | $6.7M | Add +2.8% |
| CRH CRH PLC | 0.28% | 72,406 | $6.6M | Add +27.0% |
| JCI Johnson Controls Internation | 0.27% | 62,056 | $6.6M | Add +3.6% |
| LRCX Lam Research Corp. | 0.27% | 66,118 | $6.4M | No change |
| CMCSA Comcast Corp. Class A | 0.27% | 179,832 | $6.4M | No change |
| HON Honeywell International Inc. | 0.27% | 27,229 | $6.3M | No change |
| NFLX Netflix Inc. | 0.26% | 4,683 | $6.3M | Reduce -50.8% |
| HBAN Huntington Bancshares Inc. | 0.26% | 370,716 | $6.2M | Add +6.6% |
| PANW Palo Alto Networks Inc. | 0.26% | 30,214 | $6.2M | New |
| EQH Equitable Holdings Inc. | 0.26% | 109,906 | $6.2M | Add +4.5% |
| KDP Keurig Dr Pepper Inc. | 0.25% | 184,062 | $6.1M | Reduce -3.4% |
| MRK Merck & Co. Inc. | 0.25% | 75,889 | $6.0M | No change |
| ROL Rollins Inc. | 0.25% | 104,342 | $5.9M | Reduce -7.8% |
| INTC Intel Corp. | 0.25% | 261,641 | $5.9M | Add +22.1% |
| MDT Medtronic PLC | 0.24% | 66,461 | $5.8M | Add +8.9% |
| CAH Cardinal Health Inc. | 0.24% | 33,851 | $5.7M | Reduce -18.1% |
| SBUX Starbucks Corp. | 0.24% | 62,044 | $5.7M | Add +14.9% |
| KKR KKR & Co. Inc. | 0.24% | 42,262 | $5.6M | Add +133.9% |
| CNH CNH Industrial NV | 0.23% | 429,435 | $5.6M | Reduce -2.1% |
| OTIS Otis Worldwide Corp. | 0.23% | 55,325 | $5.5M | Add +28.8% |
| MNST Monster Beverage Corp. | 0.23% | 86,169 | $5.4M | Add +17.6% |
| EW Edwards Lifesciences Corp. | 0.22% | 68,390 | $5.3M | Reduce -5.3% |
| FAST Fastenal Co. | 0.22% | 125,492 | $5.3M | Add +0.7% |
| FCX Freeport-McMoran Inc. | 0.22% | 119,321 | $5.2M | New |
| KVUE Kenvue Inc. | 0.21% | 242,085 | $5.1M | Add +3.8% |
| CPRT Copart Inc. | 0.20% | 98,183 | $4.8M | No change |
| DHR Danaher Corp. | 0.20% | 23,972 | $4.7M | No change |
| WY Weyerhaeuser Co. | 0.20% | 183,971 | $4.7M | No change |
| ECL Ecolab Inc. | 0.19% | 17,052 | $4.6M | No change |
| NVR NVR Inc. | 0.19% | 619 | $4.6M | Add +160.1% |
| EA Electronic Arts Inc. | 0.19% | 28,287 | $4.5M | No change |
| COST Costco Wholesale Corp. | 0.19% | 4,545 | $4.5M | Reduce -57.3% |
| EXPD Expeditors Intl Wash Inc. | 0.19% | 38,860 | $4.4M | Reduce -4.0% |
| SNAP Snap Inc. Class A | 0.18% | 503,232 | $4.4M | New |
| ADSK Autodesk Inc. | 0.17% | 13,459 | $4.2M | No change |
| EXC Exelon Corp. | 0.17% | 94,712 | $4.1M | Reduce -16.8% |
| ICE Intercontinental Exchange Inc. | 0.17% | 22,401 | $4.1M | No change |
| CVS CVS Health Corp. | 0.17% | 58,610 | $4.0M | No change |
| WFC Wells Fargo & Co. | 0.16% | 48,355 | $3.9M | New |
| CARR Carrier Global Corp. | 0.16% | 52,636 | $3.9M | No change |
| BWXT BWX Technologies Inc. | 0.16% | 26,501 | $3.8M | No change |
| JXN Jackson Financial Inc. Class A | 0.16% | 42,843 | $3.8M | No change |
| CNC Centene Corp. | 0.16% | 68,455 | $3.7M | Reduce -30.9% |
| PCAR Paccar Inc. | 0.15% | 38,766 | $3.7M | No change |
| GEV GE Vernova Inc. | 0.15% | 6,824 | $3.6M | New |
| MDLZ Mondelez International Inc. Class A | 0.15% | 53,164 | $3.6M | Add +0.6% |
Portfolio Sells Q1 2025 → Q2 2025
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.35 |
| COST Costco Wholesale Corp. | Reduce -57.3% | 0.19% | −0.30 |
| PEG Public Service Enterprise GP | Sold out | 0.00% | −0.17 |
| NFLX Netflix Inc. | Reduce -50.8% | 0.26% | −0.16 |
| DBX Dropbox Inc. Class A | Sold out | 0.00% | −0.15 |
| QCOM Qualcomm Inc. | Reduce -77.3% | 0.04% | −0.14 |
| CNC Centene Corp. | Reduce -30.9% | 0.16% | −0.13 |
| OC Owens Corning | Sold out | 0.00% | −0.13 |
| BHF Brighthouse Financial Inc. | Reduce -68.3% | 0.04% | −0.13 |
| LNC Lincoln National Corp. | Reduce -46.0% | 0.09% | −0.11 |
| LLY Eli Lilly & Co. | Reduce -9.3% | 0.29% | −0.10 |
| T AT&T Inc. | Reduce -9.4% | 0.38% | −0.09 |
| BSY Bentley Systems Inc. Class B | Sold out | 0.00% | −0.09 |
| ALHC Alignment Healthcare Inc. | Reduce -20.2% | 0.09% | −0.09 |
| RIVN Rivian Automotive Inc. Class A | Reduce -60.4% | 0.05% | −0.08 |
| EXC Exelon Corp. | Reduce -16.8% | 0.17% | −0.08 |
| KO The Coca-Cola Co. | Reduce -0.6% | 0.46% | −0.08 |
| MET Metlife Inc. | Sold out | 0.00% | −0.08 |
| RPM RPM International Inc. | Sold out | 0.00% | −0.07 |
| HQY Healthequity Inc. | Reduce -88.5% | 0.01% | −0.06 |
| RDDT Reddit Inc. Class A | Sold out | 0.00% | −0.06 |
| GILD Gilead Sciences Inc. | Reduce -2.2% | 0.34% | −0.06 |
| MA Mastercard Inc. Class A | Reduce -1.1% | 0.47% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -7.1% | 0.69% | −0.06 |
| HOLX Hologic Inc. | Sold out | 0.00% | −0.06 |
| ADP Automatic Data Processing | Reduce -5.1% | 0.30% | −0.06 |
| KDP Keurig Dr Pepper Inc. | Reduce -3.4% | 0.25% | −0.06 |
| NEE Nextera Energy Inc. | Reduce -0.1% | 0.33% | −0.06 |
| MANH Manhattan Associates Inc. | Sold out | 0.00% | −0.06 |
| CTRE Caretrust REIT Inc. | Sold out | 0.00% | −0.06 |
| EXPD Expeditors Intl Wash Inc. | Reduce -4.0% | 0.19% | −0.05 |
| ROL Rollins Inc. | Reduce -7.8% | 0.25% | −0.05 |
| MOH Molina Healthcare Inc. | Reduce -4.7% | 0.14% | −0.05 |
| RTX RTX Corp. | Reduce -5.8% | 0.40% | −0.04 |
| HWM Howmet Aerospace Inc. | Sold out | 0.00% | −0.04 |
| AYI Acuity Inc. | Sold out | 0.00% | −0.04 |
| ALSN Allison Transmission Holding | Sold out | 0.00% | −0.04 |
| BSX Boston Scientific Corp. | Reduce -2.0% | 0.36% | −0.04 |
| CXM Sprinklr Inc. Class A | Reduce -65.5% | 0.02% | −0.04 |
| PECO Phillips Edison & Company Inc. | Sold out | 0.00% | −0.04 |
| CAH Cardinal Health Inc. | Reduce -18.1% | 0.24% | −0.04 |
| BNY Bank of New York Mellon Corp. | Reduce -5.8% | 0.29% | −0.04 |
| MSTR Strategy Inc. | Sold out | 0.00% | −0.03 |
| LAUR Laureate Education Inc. | Reduce -41.1% | 0.05% | −0.03 |
| SYF Synchrony Financial | Reduce -26.1% | 0.14% | −0.03 |
| COUR Coursera Inc. | Sold out | 0.00% | −0.03 |
| AFG American Financial Group Inc. | Reduce -50.3% | 0.02% | −0.03 |
| ELV Elevance Health Inc. | Reduce -25.6% | 0.04% | −0.03 |
| EW Edwards Lifesciences Corp. | Reduce -5.3% | 0.22% | −0.03 |
| ORI Old Republic Intl Corp. | Reduce -4.5% | 0.12% | −0.03 |
Portfolio Buys Q1 2025 → Q2 2025
| AMRZ Amrize Ltd. | New | 4.32% | +4.32 |
| AVGO Broadcom Inc. | Add +0.3% | 1.26% | +0.38 |
| PANW Palo Alto Networks Inc. | New | 0.26% | +0.26 |
| FCX Freeport-McMoran Inc. | New | 0.22% | +0.22 |
| AMD Advanced Micro Devices | Add +119.4% | 0.33% | +0.20 |
| SNAP Snap Inc. Class A | New | 0.18% | +0.18 |
| WFC Wells Fargo & Co. | New | 0.16% | +0.16 |
| GEV GE Vernova Inc. | New | 0.15% | +0.15 |
| HUM Humana Inc. | New | 0.14% | +0.14 |
| KKR KKR & Co. Inc. | Add +133.9% | 0.24% | +0.14 |
| META Meta Platforms Inc. Class A | Add +1.1% | 1.05% | +0.12 |
| O Realty Income Corp. | New | 0.12% | +0.12 |
| NVR NVR Inc. | Add +160.1% | 0.19% | +0.11 |
| HEI Heico Corp. | New | 0.11% | +0.11 |
| APH Amphenol Corp. Class A | Add +351.9% | 0.10% | +0.08 |
| SCHW Schwab (charles) Corp. | Add +23.5% | 0.36% | +0.07 |
| TSLA Tesla Inc. | Add +2.2% | 0.86% | +0.07 |
| SOFI Sofi Technologies Inc. | New | 0.07% | +0.07 |
| DOC Healthpeak Properties Inc. | Add +146.9% | 0.14% | +0.06 |
| WBA Walgreens Boots Alliance Inc. | New | 0.06% | +0.06 |
| UBER Uber Technologies Inc. | Add +4.9% | 0.37% | +0.05 |
| AMT American Tower Corp. | Add +135.6% | 0.10% | +0.05 |
| JCI Johnson Controls Internation | Add +3.6% | 0.27% | +0.04 |
| IBP Installed Building Products | New | 0.04% | +0.04 |
| PLD Prologis Inc. | New | 0.04% | +0.04 |
| CRH CRH PLC | Add +27.0% | 0.28% | +0.04 |
| FERG Ferguson Enterprises Inc. | New | 0.04% | +0.04 |
| ADBE Adobe Inc. | Add +27.9% | 0.30% | +0.03 |
| CME Cme Group Inc. | New | 0.03% | +0.03 |
| ACGL Arch Capital Group Ltd. | New | 0.03% | +0.03 |
| PGR Progressive Corp. | Add +33.0% | 0.35% | +0.03 |
| CMG Chipotle Mexican Grill Inc. | Add +13.6% | 0.29% | +0.03 |
| ABNB Airbnb Inc. Class A | New | 0.02% | +0.02 |
| MNST Monster Beverage Corp. | Add +17.6% | 0.23% | +0.02 |
| HST Host Hotels & Resorts Inc. | Add +28.6% | 0.10% | +0.02 |
| OTIS Otis Worldwide Corp. | Add +28.8% | 0.23% | +0.02 |
| VMC Vulcan Materials Co. | New | 0.01% | +0.01 |
| INTC Intel Corp. | Add +22.1% | 0.25% | +0.01 |
| HBAN Huntington Bancshares Inc. | Add +6.6% | 0.26% | +0.01 |
| HUDSON PAC PPTYS INC | New | 0.01% | +0.01 |
| BAC Bank of America Corp. | Add +2.1% | 0.52% | +0.00 |
| CCI Crown Castle Inc. | Add +18.9% | 0.12% | +0.00 |
| CRM Salesforce Inc. | Add +13.6% | 0.41% | +0.00 |
| HROW Harrow Inc. | Add +9.9% | 0.02% | +0.00 |
| BF.B Brown-Forman Corp. Class B | Add +35.7% | 0.03% | −0.00 |
| CSX CSX Corp. | Add +2.8% | 0.28% | −0.00 |
| EQH Equitable Holdings Inc. | Add +4.5% | 0.26% | −0.01 |
| DOW Dow Inc. | Add +38.4% | 0.08% | −0.01 |
| FAST Fastenal Co. | Add +0.7% | 0.22% | −0.01 |
| WMT Walmart Inc. | Add +0.4% | 0.57% | −0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 235 | $5.9B | TTE, AZN, UBS, LIN, ALC |
| Q1 2026 | 217 | $6.1B | TTE, AZN, LIN, UBS, ALC |
| Q4 2025 | 209 | $4.4B | TTE, UBS, LIN, ALC, TT |
| Q3 2025 | 218 | $2.4B | LIN, UBS, ALC, TT, NVDA |
| Q2 2025 | 193 | $2.4B | LIN, UBS, ALC, TT, AMRZ |
| Q1 2025 | 204 | $2.1B | LIN, UBS, ALC, TT, AAPL |
| Q4 2024 | 222 | $2.0B | LIN, UBS, ALC, TT, AAPL |