Caisse Des Depots Et Consignations

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Caisse Des Depots Et Consignations reported 218 stock positions worth $2.4 billion. Its top holding was Linde (LIN) at 14.8% of the portfolio, followed by UBS Group AG-Reg (UBS, 13.7%) and Alcon (ALC, 7.2%). Compared with Q2 2025, it opened 41 new positions, sold out of 16, added to 40 and reduced 64. The biggest buy was Linde (LIN, shares +5%) and the biggest sale an exit from Amrize (AMRZ).

Most Recent 13F
Q2 2026
Location
PARIS, I0
CIK
0001056947
Portfolio Value
$2.4B (Q3 2025)
SEC Filing
0001104659-25-107598 ↗ filed Nov 6, 2025

Holdings Value

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

Holdings 218 stocks · $2.4B
LIN Linde PLC 14.85% 735,746 $349.5M Add +4.5%
UBS UBS Group AG-Reg 13.73% 7,922,061 $323.2M No change
ALC Alcon Inc. filed as ALCON AG 7.15% 2,264,092 $168.3M No change
TT Trane Technologies PLC 5.54% 309,159 $130.5M No change
NVDA Nvidia Corp. 4.00% 504,900 $94.2M Reduce -1.0%
AAPL Apple Inc. 3.39% 313,758 $79.9M Reduce -0.8%
V Visa Inc. Class A 3.27% 225,621 $77.0M Add +15.9%
MSFT Microsoft Corp. 3.01% 136,725 $70.8M Add +3.4%
QGEN Qiagen N.V. 2.53% 1,345,657 $59.5M No change
IR Ingersoll-Rand Inc. 2.40% 682,627 $56.4M No change
AMZN Amazon.com Inc. 1.96% 209,865 $46.1M Add +4.5%
ACN Accenture PLC Class A 1.69% 161,664 $39.9M Add +19.5%
AVGO Broadcom Inc. 1.43% 102,157 $33.7M Reduce -6.6%
GOOGL Alphabet Inc. Class A 1.41% 136,525 $33.2M Reduce -1.9%
GOOG Alphabet Inc. Class C 1.20% 115,581 $28.1M Add +24.1%
JPM JPMorgan Chase & Co. 0.94% 70,031 $22.1M Reduce -0.8%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.76% 202,550 $17.8M No change
ORCL Oracle Corp. 0.64% 53,750 $15.1M Reduce -12.3%
WMT Walmart Inc. 0.63% 143,671 $14.8M Add +2.7%
EWT iShares MSCI Taiwan ETF 0.61% 225,000 $14.3M No change
ABBV Abbvie Inc. 0.58% 59,391 $13.8M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.57% 260,363 $13.4M Reduce -0.5%
EWY iShares MSCI South Korea ETF 0.55% 162,000 $12.9M No change
JNJ Johnson & Johnson 0.52% 65,835 $12.2M No change
GE General Electric filed as GE AEROSPACE 0.51% 39,963 $12.0M Reduce -4.5%
CSCO Cisco Systems Inc. 0.49% 168,078 $11.5M Add +3.7%
KO The Coca-Cola Co. 0.48% 171,278 $11.4M Add +10.0%
MA Mastercard Inc. Class A 0.48% 19,898 $11.3M No change
COTY Coty Inc. Class A 0.46% 2,700,000 $10.9M No change
PG The Procter & Gamble Co. 0.46% 69,932 $10.7M Add +9.6%
HD Home Depot Inc. 0.46% 26,436 $10.7M No change
RTX RTX Corp. 0.45% 63,621 $10.6M Reduce -3.6%
CRM Salesforce Inc. 0.44% 43,767 $10.4M Add +21.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.43% 35,672 $10.1M Add +4.7%
NEE Nextera Energy Inc. 0.40% 123,645 $9.3M Add +10.5%
NFLX Netflix Inc. 0.39% 7,743 $9.3M Add +65.3%
UBER Uber Technologies Inc. 0.39% 92,847 $9.1M Reduce -2.8%
SCHW Schwab (charles) Corp. 0.39% 95,120 $9.1M No change
PFE Pfizer Inc. 0.38% 351,577 $9.0M Add +5.4%
LRCX Lam Research Corp. 0.36% 62,621 $8.4M Reduce -5.3%
PGR Progressive Corp. 0.34% 32,685 $8.1M Add +3.3%
CRH CRH PLC 0.34% 66,185 $7.9M Reduce -8.6%
T AT&T Inc. 0.33% 276,792 $7.8M Reduce -11.7%
BSX Boston Scientific Corp. 0.33% 79,414 $7.8M No change
AMD Advanced Micro Devices 0.32% 47,178 $7.6M Reduce -14.7%
CEG Constellation Energy 0.32% 23,006 $7.6M New
CSX CSX Corp. 0.32% 212,086 $7.5M Add +3.0%
INTC Intel Corp. 0.31% 220,030 $7.4M Reduce -15.9%
GEV GE Vernova Inc. 0.31% 11,755 $7.2M Add +72.3%
LLY Eli Lilly & Co. 0.30% 9,234 $7.0M Add +2.3%
MRK Merck & Co. Inc. 0.29% 81,738 $6.9M Add +7.7%
ADP Automatic Data Processing 0.29% 23,192 $6.8M No change
GILD Gilead Sciences Inc. 0.29% 61,056 $6.8M Reduce -17.0%
MS Morgan Stanley 0.29% 42,372 $6.7M Reduce -30.6%
F Ford Motor Co. filed as FORD MTR CO 0.29% 562,879 $6.7M Add +1725.2%
COST Costco Wholesale Corp. 0.28% 7,190 $6.7M Add +58.2%
NOW ServiceNow Inc. 0.28% 7,221 $6.6M No change
JCI Johnson Controls Internation 0.28% 59,369 $6.5M Reduce -4.3%
ADBE Adobe Inc. 0.28% 18,377 $6.5M No change
FAST Fastenal Co. 0.27% 131,548 $6.5M Add +4.8%
MDT Medtronic PLC 0.27% 66,461 $6.3M No change
HBAN Huntington Bancshares Inc. 0.26% 359,122 $6.2M Reduce -3.1%
PANW Palo Alto Networks Inc. 0.26% 30,214 $6.2M No change
MNST Monster Beverage Corp. 0.25% 86,169 $5.8M No change
HON Honeywell International Inc. 0.24% 27,229 $5.7M No change
CMG Chipotle Mexican Grill Inc. 0.24% 143,791 $5.6M Add +16.7%
CMCSA Comcast Corp. Class A 0.24% 176,945 $5.6M Reduce -1.6%
KKR KKR & Co. Inc. 0.23% 42,319 $5.5M Add +0.1%
CAH Cardinal Health Inc. 0.23% 33,851 $5.3M No change
SBUX Starbucks Corp. 0.22% 62,044 $5.2M No change
OTIS Otis Worldwide Corp. 0.21% 55,325 $5.1M No change
CNH CNH Industrial NV 0.21% 464,417 $5.0M Add +8.2%
EW Edwards Lifesciences Corp. 0.21% 64,193 $5.0M Reduce -6.1%
DHR Danaher Corp. 0.20% 23,972 $4.8M No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.20% 43,217 $4.7M Reduce -42.5%
KDP Keurig Dr Pepper Inc. 0.20% 184,062 $4.7M No change
FCX Freeport-McMoran Inc. 0.19% 116,537 $4.6M Reduce -2.3%
ROL Rollins Inc. 0.19% 77,141 $4.5M Reduce -26.1%
EXC Exelon Corp. 0.19% 99,747 $4.5M Add +5.3%
CPRT Copart Inc. 0.19% 98,183 $4.4M No change
NKE Nike Inc. Class B 0.18% 62,263 $4.3M New
EXPD Expeditors Intl Wash Inc. 0.18% 33,610 $4.1M Reduce -13.5%
WFC Wells Fargo & Co. 0.17% 48,355 $4.1M No change
HOOD Robinhood Markets Inc. Class A 0.17% 27,825 $4.0M New
KVUE Kenvue Inc. 0.17% 242,085 $3.9M No change
WY Weyerhaeuser Co. 0.17% 157,421 $3.9M Reduce -14.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.16% 33,706 $3.9M Add +287.4%
ICE Intercontinental Exchange Inc. 0.16% 22,401 $3.8M No change
ECL Ecolab Inc. 0.16% 13,433 $3.7M Reduce -21.2%
EQH Equitable Holdings Inc. 0.16% 72,198 $3.7M Reduce -34.3%
MMM 3M Co. 0.16% 23,564 $3.7M Add +192.0%
PCAR Paccar Inc. 0.15% 36,984 $3.6M Reduce -4.6%
ADSK Autodesk Inc. 0.15% 11,192 $3.6M Reduce -16.8%
HUM Humana Inc. 0.15% 13,599 $3.5M No change
BWXT BWX Technologies Inc. 0.15% 18,918 $3.5M Reduce -28.6%
SYF Synchrony Financial 0.15% 48,894 $3.5M No change
MDLZ Mondelez International Inc. Class A 0.14% 53,164 $3.3M No change
ABT Abbott Laboratories 0.14% 24,560 $3.3M Add +61.7%
CBRE CBRE Group Inc. Class A 0.14% 20,782 $3.3M No change
PCG P G & E Corp. 0.14% 214,013 $3.2M Add +277.9%

Show all 218 holdings

Portfolio Sells Q2 2025 → Q3 2025
AMRZ Amrize Ltd. Sold out 0.00% −4.32
META Meta Platforms Inc. Class A Sold out 0.00% −1.05
TSLA Tesla Inc. Sold out 0.00% −0.86
MU Micron Technology Inc. Reduce -91.4% 0.07% −0.49
MOH Molina Healthcare Inc. Reduce -64.4% 0.03% −0.10
EQH Equitable Holdings Inc. Reduce -34.3% 0.16% −0.10
NVR NVR Inc. Reduce -56.1% 0.09% −0.10
EA Electronic Arts Inc. Reduce -62.3% 0.09% −0.10
DOC Healthpeak Properties Inc. Reduce -72.9% 0.04% −0.10
BNY Bank of New York Mellon Corp. Reduce -42.5% 0.20% −0.09
CNC Centene Corp. Reduce -33.9% 0.07% −0.09
JXN Jackson Financial Inc. Class A Reduce -58.5% 0.08% −0.08
SNAP Snap Inc. Class A Reduce -38.0% 0.10% −0.08
CVS CVS Health Corp. Reduce -51.5% 0.09% −0.08
MS Morgan Stanley Reduce -30.6% 0.29% −0.07
DVA Davita Inc. Sold out 0.00% −0.07
WBA Walgreens Boots Alliance Inc. Sold out 0.00% −0.06
O Realty Income Corp. Reduce -56.1% 0.05% −0.06
K Kellanova Reduce -82.9% 0.01% −0.06
ROL Rollins Inc. Reduce -26.1% 0.19% −0.05
GILD Gilead Sciences Inc. Reduce -17.0% 0.29% −0.05
CCI Crown Castle Inc. Reduce -37.5% 0.07% −0.05
T AT&T Inc. Reduce -11.7% 0.33% −0.05
BMY Bristol-Myers Squibb Co. Reduce -36.7% 0.07% −0.04
IBP Installed Building Products Sold out 0.00% −0.04
ECL Ecolab Inc. Reduce -21.2% 0.16% −0.04
WSM Williams-Sonoma Inc. Reduce -74.6% 0.02% −0.04
CMCSA Comcast Corp. Class A Reduce -1.6% 0.24% −0.03
ALHC Alignment Healthcare Inc. Reduce -48.5% 0.06% −0.03
WY Weyerhaeuser Co. Reduce -14.4% 0.17% −0.03
CWEN Clearway Energy Inc. Class C Reduce -60.7% 0.02% −0.03
RAL Ralliant Corp. Sold out 0.00% −0.03
ADT Adt Inc. Reduce -53.2% 0.03% −0.03
DCI Donaldson Co. Inc. Sold out 0.00% −0.03
LNC Lincoln National Corp. Reduce -40.1% 0.06% −0.03
ADSK Autodesk Inc. Reduce -16.8% 0.15% −0.02
FCX Freeport-McMoran Inc. Reduce -2.3% 0.19% −0.02
BCC Boise Cascade Co. Reduce -50.3% 0.02% −0.02
LSTR Landstar System Inc. Sold out 0.00% −0.02
BHF Brighthouse Financial Inc. Reduce -39.4% 0.03% −0.02
LYB Lyondellbasell Indu Class A Sold out 0.00% −0.02
CXM Sprinklr Inc. Class A Sold out 0.00% −0.02
IDXX Idexx Laboratories Inc. Reduce -59.2% 0.01% −0.01
ELV Elevance Health Inc. Reduce -20.9% 0.03% −0.01
EW Edwards Lifesciences Corp. Reduce -6.1% 0.21% −0.01
BWXT BWX Technologies Inc. Reduce -28.6% 0.15% −0.01
ZTS Zoetis Inc. Sold out 0.00% −0.01
HROW Harrow Inc. Reduce -68.5% 0.01% −0.01
VFC VF Corp. Sold out 0.00% −0.01
EXPD Expeditors Intl Wash Inc. Reduce -13.5% 0.18% −0.01

Portfolio Buys Q2 2025 → Q3 2025
LIN Linde PLC Add +4.5% 14.85% +1.01
GOOG Alphabet Inc. Class C Add +24.1% 1.20% +0.50
V Visa Inc. Class A Add +15.9% 3.27% +0.38
CEG Constellation Energy New 0.32% +0.32
F Ford Motor Co. Add +1725.2% 0.29% +0.27
MSFT Microsoft Corp. Add +3.4% 3.01% +0.25
NKE Nike Inc. Class B New 0.18% +0.18
HOOD Robinhood Markets Inc. Class A New 0.17% +0.17
GEV GE Vernova Inc. Add +72.3% 0.31% +0.16
NFLX Netflix Inc. Add +65.3% 0.39% +0.13
ANET Arista Networks Inc. New 0.13% +0.13
DIS The Walt Disney Co. Add +287.4% 0.16% +0.12
AMZN Amazon.com Inc. Add +4.5% 1.96% +0.11
CAT Caterpillar Inc. New 0.11% +0.11
PCG P G & E Corp. Add +277.9% 0.14% +0.10
MMM 3M Co. Add +192.0% 0.16% +0.10
VRT Vertiv Holdings Co. Class A New 0.09% +0.09
COST Costco Wholesale Corp. Add +58.2% 0.28% +0.09
INTU Intuit Inc. Add +373.5% 0.12% +0.09
COIN Coinbase Global Inc. Class A New 0.09% +0.09
SNOW Snowflake Inc. New 0.08% +0.08
ETN Eaton Corp. PLC New 0.08% +0.08
APP AppLovin Corp. Class A New 0.08% +0.08
PYPL PayPal Holdings Inc. New 0.08% +0.08
ISRG Intuitive Surgical Inc. New 0.08% +0.08
NEE Nextera Energy Inc. Add +10.5% 0.40% +0.07
NET Cloudflare Inc. Class A New 0.07% +0.07
PPC Pilgrim's Pride Corp. New 0.07% +0.07
NEM Newmont Corp. New 0.07% +0.07
BWA Borgwarner Inc. New 0.06% +0.06
APO Apollo Global Management Inc. New 0.06% +0.06
BX Blackstone Inc. New 0.06% +0.06
WMT Walmart Inc. Add +2.7% 0.63% +0.06
ALV Autoliv Inc. New 0.06% +0.06
KEY Keycorp New 0.06% +0.06
FAST Fastenal Co. Add +4.8% 0.27% +0.05
ABT Abbott Laboratories Add +61.7% 0.14% +0.05
HWM Howmet Aerospace Inc. New 0.05% +0.05
DOW Dow Inc. Add +84.1% 0.13% +0.05
HPE Hewlett Packard Enterprise Add +33.1% 0.12% +0.04
PEP Pepsico Inc. Add +438.3% 0.05% +0.04
WBD Warner Bros Discovery Inc. New 0.04% +0.04
PFE Pfizer Inc. Add +5.4% 0.38% +0.04
MRK Merck & Co. Inc. Add +7.7% 0.29% +0.04
CSX CSX Corp. Add +3.0% 0.32% +0.04
SNPS Synopsys Inc. New 0.04% +0.04
MSTR Strategy Inc. New 0.04% +0.04
RIVN Rivian Automotive Inc. Class A Add +55.7% 0.09% +0.04
RDDT Reddit Inc. Class A New 0.04% +0.04
CVNA Carvana Co. New 0.03% +0.03

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