Covea Finance

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 14, 2025), Covea Finance reported 106 stock positions worth $2.2 billion. Its top holding was Microsoft (MSFT) at 6.3% of the portfolio, followed by Apple (AAPL, 6.0%) and Amazon.com (AMZN, 4.7%). Compared with Q3 2024, it opened 5 new positions, sold out of 6, added to 26 and reduced 33. The biggest buy was a new position in Emerson Electric (EMR) and the biggest sale American Water Works (AWK, shares −68%).

Most Recent 13F
Q2 2026
Location
PARIS, I0
CIK
0001636948
Portfolio Value
$2.2B (Q4 2024)
SEC Filing
0001636948-25-000001 ↗ filed Jan 14, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.1B Q1 2024 Q2 2024: $2.2B Q2 2024 Q3 2024: $2.3B Q3 2024 Q4 2024: $2.2B $2.2B Q4 2024 Q1 2025: $2.2B Q1 2025 Q2 2025: $2.7B Q2 2025 Q3 2025: $2.9B Q3 2025 Q4 2025: $3.0B Q4 2025 Q1 2026: $2.9B Q1 2026 Q2 2026: $3.2B Q2 2026

Holdings 106 stocks · $2.2B
MSFT Microsoft Corp. 6.34% 333,762 $140.7M Reduce -6.9%
AAPL Apple Inc. 6.04% 535,442 $134.1M Add +13.3%
AMZN Amazon.com Inc. 4.65% 470,398 $103.2M Reduce -5.0%
NVDA Nvidia Corp. 4.37% 721,717 $96.9M No change
AVGO Broadcom Inc. 3.67% 351,100 $81.4M Reduce -7.8%
WMT Walmart Inc. 2.94% 721,260 $65.2M Reduce -7.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 2.69% 535,876 $59.7M Reduce -5.3%
NFLX Netflix Inc. 2.56% 63,600 $56.7M Reduce -19.6%
CCJ Cameco Corp. 2.53% 1,090,586 $56.0M Reduce -5.5%
V Visa Inc. Class A 2.51% 176,421 $55.8M Add +8.6%
TMO Thermo Fisher Scientific Inc. 2.33% 99,201 $51.6M Reduce -5.2%
LOW Lowe's Cos Inc. 2.27% 204,002 $50.3M Reduce -8.6%
COST Costco Wholesale Corp. 2.07% 50,180 $46.0M Reduce -5.6%
WM Waste Management Inc. 1.97% 216,585 $43.7M Reduce -8.1%
ZTS Zoetis Inc. 1.82% 247,569 $40.3M Reduce -3.5%
HUBB Hubbell Inc. 1.77% 93,750 $39.3M Reduce -5.5%
NOW ServiceNow Inc. 1.75% 36,565 $38.8M Reduce -25.7%
HWM Howmet Aerospace Inc. 1.63% 330,470 $36.1M Reduce -11.5%
ISRG Intuitive Surgical Inc. 1.45% 61,600 $32.2M No change
ITT Itt Inc. 1.42% 219,900 $31.4M Reduce -13.7%
MSI Motorola Solutions Inc. 1.39% 66,845 $30.9M Reduce -6.7%
ROL Rollins Inc. 1.37% 655,351 $30.4M No change
APH Amphenol Corp. Class A 1.31% 419,990 $29.2M No change
SRE Sempra 1.28% 324,945 $28.5M Reduce -9.5%
EMR Emerson Electric Co. 1.27% 228,000 $28.3M New
GOOGL Alphabet Inc. Class A 1.18% 138,315 $26.2M No change
LNG Cheniere Energy Inc. 1.18% 121,400 $26.1M Add +18.8%
NKE Nike Inc. Class B 1.17% 344,266 $26.1M Reduce -1.2%
WAB Wabtec Corp. 1.14% 133,948 $25.4M Add +4.7%
MKC McCormick & Co.-Non VTG SHRS 1.11% 323,610 $24.7M Reduce -16.1%
ENB Enbridge Inc. 1.01% 529,820 $22.5M Reduce -8.1%
HON Honeywell International Inc. 1.01% 98,798 $22.3M No change
AME Ametek Inc. 0.98% 121,123 $21.8M No change
PH Parker Hannifin Corp. 0.96% 33,346 $21.2M No change
GMED Globus Medical Inc. Class A 0.93% 250,520 $20.7M Reduce -17.6%
TSCO Tractor Supply Company 0.90% 374,450 $19.9M Add +54.4%
CLH Clean Harbors Inc. 0.87% 84,300 $19.4M No change
ZBH Zimmer Biomet Holdings Inc. 0.84% 177,410 $18.7M No change
DXCM Dexcom Inc. 0.81% 231,810 $18.0M No change
MAR Marriott International Class A 0.76% 60,540 $16.9M Add +69.9%
CDNS Cadence Design SYS Inc. 0.76% 55,998 $16.8M Add +28.4%
MDLZ Mondelez International Inc. Class A 0.73% 269,770 $16.1M No change
DHR Danaher Corp. 0.72% 69,156 $15.9M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.71% 130,528 $15.8M No change
MLM Martin Marietta Materials 0.70% 30,190 $15.6M No change
MRVL Marvell Technology Inc. 0.69% 138,725 $15.3M No change
AWK American Water Works Co. Inc. 0.68% 121,567 $15.1M Reduce -68.3%
BWXT BWX Technologies Inc. 0.65% 130,300 $14.5M Reduce -3.7%
ECL Ecolab Inc. 0.65% 61,495 $14.4M No change
ORLY O'reilly Automotive Inc. 0.64% 11,960 $14.2M No change
BDX Becton Dickinson and Co. 0.60% 58,625 $13.3M Add +6.0%
SHW The Sherwin-Williams Co. 0.59% 38,297 $13.0M No change
TRGP Targa Resources Corp. 0.57% 71,240 $12.7M Reduce -13.8%
XYL Xylem Inc. 0.56% 106,286 $12.3M Add +38.6%
FNV Franco-Nevada Corp. 0.54% 101,320 $11.9M Add +2.7%
EQIX Equinix Inc. 0.54% 12,608 $11.9M No change
CMS CMS Energy Corp. 0.53% 177,300 $11.8M Reduce -3.8%
ITW Illinois Tool Works 0.53% 46,045 $11.7M No change
ROP Roper Technologies Inc. 0.52% 22,341 $11.6M No change
TXN Texas Instruments Inc. 0.49% 57,950 $10.9M No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.47% 123,090 $10.4M Add +79.0%
TDY Teledyne Technologies Inc. 0.45% 21,400 $9.9M Add +25.1%
CW Curtiss-Wright Corp. 0.45% 27,900 $9.9M Reduce -5.4%
ROK Rockwell Automation Inc. 0.44% 33,923 $9.7M No change
AMT American Tower Corp. 0.43% 52,371 $9.6M No change
PG The Procter & Gamble Co. 0.42% 54,970 $9.2M Reduce -43.3%
AMD Advanced Micro Devices 0.40% 74,203 $9.0M Reduce -58.6%
SBUX Starbucks Corp. 0.39% 94,999 $8.7M No change
CBOE Cboe Global Markets Inc. 0.38% 43,300 $8.5M Add +283.2%
NEE Nextera Energy Inc. 0.34% 106,675 $7.6M Reduce -15.9%
INGR Ingredion Inc. 0.31% 50,100 $6.9M Reduce -13.9%
SMPL The Simply Good Foods Co. 0.29% 166,600 $6.5M No change
KEYS Keysight Technologies Inc. 0.28% 37,988 $6.1M No change
NUE Nucor Corp. 0.26% 50,000 $5.8M New
BMRN Biomarin Pharmaceutical Inc. 0.23% 77,100 $5.1M No change
VMI Valmont Industries 0.21% 15,200 $4.7M Add +29.9%
VRT Vertiv Holdings Co. Class A 0.20% 38,900 $4.4M No change
DDOG Datadog Inc. Class A 0.19% 29,400 $4.2M No change
MDB Mongodb Inc. 0.17% 16,500 $3.8M New
WWD Woodward Inc. 0.17% 22,500 $3.7M No change
ATI Ati Inc. 0.16% 65,000 $3.6M Add +32.6%
MTSI Macom Technology Solutions H 0.16% 27,000 $3.5M Add +8.0%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.15% 44,381 $3.3M No change
COHR Coherent Corp. 0.15% 35,000 $3.3M Reduce -18.6%
CHE Chemed Corp. 0.14% 6,000 $3.2M No change
MKTX Marketaxess Holdings Inc. 0.14% 13,700 $3.1M No change
CMC Commercial Metals Co. 0.14% 62,000 $3.1M Add +44.2%
IEX Idex Corp. 0.14% 14,500 $3.0M Add +70.6%
DCI Donaldson Co. Inc. 0.13% 44,000 $3.0M Add +37.5%
EXP Eagle Materials Inc. 0.13% 12,000 $3.0M Add +7.1%
OSK Oshkosh Corp. 0.13% 30,000 $2.9M Add +81.8%
PTC PTC Inc. 0.13% 15,300 $2.8M No change
CGNX Cognex Corp. 0.12% 73,500 $2.6M Add +54.7%
NTR Nutrien Ltd. 0.11% 55,600 $2.5M Add +21.9%
DT Dynatrace Inc. 0.10% 40,500 $2.2M No change
COO The Cooper Cos Inc. 0.10% 23,500 $2.2M Reduce -26.6%
DAR Darling Ingredients Inc. 0.10% 64,000 $2.2M Add +16.4%
GNTX Gentex Corp. 0.09% 70,000 $2.0M No change
H Hyatt Hotels Corp. Class A 0.09% 12,500 $2.0M New
SKX Skechers USA Inc. Class A 0.08% 26,000 $1.7M No change

Show all 106 holdings

Portfolio Sells Q3 2024 → Q4 2024
AWK American Water Works Co. Inc. Reduce -68.3% 0.68% −1.78
ADBE Adobe Inc. Sold out 0.00% −1.68
AMD Advanced Micro Devices Reduce -58.6% 0.40% −0.89
ABT Abbott Laboratories Sold out 0.00% −0.53
TMO Thermo Fisher Scientific Inc. Reduce -5.2% 2.33% −0.51
MSFT Microsoft Corp. Reduce -6.9% 6.34% −0.43
LOW Lowe's Cos Inc. Reduce -8.6% 2.27% −0.38
ZTS Zoetis Inc. Reduce -3.5% 1.82% −0.38
PG The Procter & Gamble Co. Reduce -43.3% 0.42% −0.32
MKC McCormick & Co.-Non VTG SHRS Reduce -16.1% 1.11% −0.28
KO The Coca-Cola Co. Sold out 0.00% −0.26
ITT Itt Inc. Reduce -13.7% 1.42% −0.25
MRK Merck & Co. Inc. Sold out 0.00% −0.24
NOW ServiceNow Inc. Reduce -25.7% 1.75% −0.18
NKE Nike Inc. Class B Reduce -1.2% 1.17% −0.18
WM Waste Management Inc. Reduce -8.1% 1.97% −0.18
CAE Cae Inc. Sold out 0.00% −0.17
WTRG Essential Utilities Inc. Sold out 0.00% −0.15
NEE Nextera Energy Inc. Reduce -15.9% 0.34% −0.13
HUBB Hubbell Inc. Reduce -5.5% 1.77% −0.09
COO The Cooper Cos Inc. Reduce -26.6% 0.10% −0.06
INGR Ingredion Inc. Reduce -13.9% 0.31% −0.04
CMS CMS Energy Corp. Reduce -3.8% 0.53% −0.04
SRE Sempra Reduce -9.5% 1.28% −0.03
GMED Globus Medical Inc. Class A Reduce -17.6% 0.93% −0.02
MSI Motorola Solutions Inc. Reduce -6.7% 1.39% −0.02
COHR Coherent Corp. Reduce -18.6% 0.15% −0.02
ENB Enbridge Inc. Reduce -8.1% 1.01% −0.01
HWM Howmet Aerospace Inc. Reduce -11.5% 1.63% −0.01
COST Costco Wholesale Corp. Reduce -5.6% 2.07% +0.01
BWXT BWX Technologies Inc. Reduce -3.7% 0.65% +0.01
CW Curtiss-Wright Corp. Reduce -5.4% 0.45% +0.02
TRGP Targa Resources Corp. Reduce -13.8% 0.57% +0.04
NFLX Netflix Inc. Reduce -19.6% 2.56% +0.09
CCJ Cameco Corp. Reduce -5.5% 2.53% +0.11
WMT Walmart Inc. Reduce -7.1% 2.94% +0.19
DIS The Walt Disney Co. Reduce -5.3% 2.69% +0.30
AMZN Amazon.com Inc. Reduce -5.0% 4.65% +0.60
AVGO Broadcom Inc. Reduce -7.8% 3.67% +0.79

Portfolio Buys Q3 2024 → Q4 2024
EMR Emerson Electric Co. New 1.27% +1.27
AAPL Apple Inc. Add +13.3% 6.04% +1.22
V Visa Inc. Class A Add +8.6% 2.51% +0.55
MAR Marriott International Class A Add +69.9% 0.76% +0.37
LNG Cheniere Energy Inc. Add +18.8% 1.18% +0.37
CBOE Cboe Global Markets Inc. Add +283.2% 0.38% +0.28
TSCO Tractor Supply Company Add +54.4% 0.90% +0.28
NUE Nucor Corp. New 0.26% +0.26
CDNS Cadence Design SYS Inc. Add +28.4% 0.76% +0.24
MDB Mongodb Inc. New 0.17% +0.17
IFF Intl Flavors & Fragrances Add +79.0% 0.47% +0.15
WAB Wabtec Corp. Add +4.7% 1.14% +0.12
TDY Teledyne Technologies Inc. Add +25.1% 0.45% +0.12
XYL Xylem Inc. Add +38.6% 0.56% +0.10
H Hyatt Hotels Corp. Class A New 0.09% +0.09
HQY Healthequity Inc. New 0.08% +0.08
VMI Valmont Industries Add +29.9% 0.21% +0.06
IEX Idex Corp. Add +70.6% 0.14% +0.06
OSK Oshkosh Corp. Add +81.8% 0.13% +0.06
MTSI Macom Technology Solutions H Add +8.0% 0.16% +0.04
CMC Commercial Metals Co. Add +44.2% 0.14% +0.04
CGNX Cognex Corp. Add +54.7% 0.12% +0.03
DCI Donaldson Co. Inc. Add +37.5% 0.13% +0.03
ATI Ati Inc. Add +32.6% 0.16% +0.02
NTR Nutrien Ltd. Add +21.9% 0.11% +0.02
AMKR Amkor Technology Inc. Add +47.1% 0.07% +0.02
BDX Becton Dickinson and Co. Add +6.0% 0.60% +0.01
DAR Darling Ingredients Inc. Add +16.4% 0.10% +0.01
BSY Bentley Systems Inc. Class B Add +10.8% 0.06% +0.00
FNV Franco-Nevada Corp. Add +2.7% 0.54% −0.00
EXP Eagle Materials Inc. Add +7.1% 0.13% −0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 153$3.2BGOOGL, AAPL, NVDA, AMZN, MSFT
Q1 2026 146$2.9BMSFT, AAPL, GOOGL, AMZN, NVDA
Q4 2025 128$3.0BMSFT, AAPL, GOOGL, NVDA, AMZN
Q3 2025 122$2.9BMSFT, AAPL, NVDA, GOOGL, AMZN
Q2 2025 119$2.7BMSFT, AAPL, NVDA, GOOGL, AMZN
Q1 2025 114$2.2BAAPL, MSFT, AMZN, V, GOOGL
Q4 2024 106$2.2BMSFT, AAPL, AMZN, NVDA, AVGO
Q3 2024 107$2.3BMSFT, AAPL, AMZN, NVDA, AVGO
Q2 2024 105$2.2BMSFT, NVDA, AMZN, AAPL, NFLX
Q1 2024 106$2.1BMSFT, NVDA, AAPL, AMZN, DIS