Covea Finance

Name: Covea Finance 13F holdings, Q1 2025
Creator: Covea Finance
Published: 2025-04-22

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 22, 2025), Covea Finance reported 114 stock positions worth $2.2 billion. Its top holding was Apple (AAPL) at 6.7% of the portfolio, followed by Microsoft (MSFT, 5.7%) and Amazon.com (AMZN, 4.1%). Compared with Q4 2024, it opened 18 new positions, sold out of 10, added to 51 and reduced 42. The biggest buy was Alphabet Class A (GOOGL, shares +221%) and the biggest sale Broadcom (AVGO, shares −42%).

Most Recent 13F: Q2 2026
Location: PARIS, I0
CIK: 0001636948
Portfolio Value: $2.2B (Q1 2025)
SEC Filing: 0001636948-25-000003 ↗ filed Apr 22, 2025

Holdings Value

Holdings 114 stocks · $2.2B


AAPL Apple Inc.	6.68%	655,199	$145.5M	Add +22.4%
MSFT Microsoft Corp.	5.67%	329,248	$123.6M	Reduce -1.4%
AMZN Amazon.com Inc.	4.13%	472,684	$89.9M	Add +0.5%
V Visa Inc. Class A	3.64%	226,018	$79.2M	Add +28.1%
GOOGL Alphabet Inc. Class A	3.16%	444,500	$68.7M	Add +221.4%
WM Waste Management Inc.	2.92%	275,133	$63.7M	Add +27.0%
WMT Walmart Inc.	2.67%	662,090	$58.1M	Reduce -8.2%
NVDA Nvidia Corp.	2.66%	534,741	$58.0M	Reduce -25.9%
NFLX Netflix Inc.	2.57%	60,020	$56.0M	Reduce -5.6%
TMO Thermo Fisher Scientific Inc.	2.36%	103,114	$51.3M	Add +3.9%
ZTS Zoetis Inc.	2.25%	297,862	$49.0M	Add +20.3%
CCJ Cameco Corp.	2.14%	1,665,979	$46.7M	Add +52.8%
FNV Franco-Nevada Corp.	2.07%	286,170	$45.1M	Add +182.4%
ISRG Intuitive Surgical Inc.	1.96%	86,348	$42.8M	Add +40.2%
COST Costco Wholesale Corp.	1.87%	42,992	$40.7M	Reduce -14.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO	1.86%	410,771	$40.5M	Reduce -23.4%
ABT Abbott Laboratories	1.79%	293,454	$38.9M	New
MSI Motorola Solutions Inc.	1.74%	86,445	$37.8M	Add +29.3%
HWM Howmet Aerospace Inc.	1.70%	285,602	$37.1M	Reduce -13.6%
AVGO Broadcom Inc.	1.56%	203,300	$34.0M	Reduce -42.1%
EMR Emerson Electric Co.	1.50%	298,760	$32.8M	Add +31.0%
NOW ServiceNow Inc.	1.45%	39,665	$31.6M	Add +8.5%
ADBE Adobe Inc.	1.34%	75,889	$29.1M	New
MKC McCormick & Co.-Non VTG SHRS	1.28%	339,510	$27.9M	Add +4.9%
LOW Lowe's Cos Inc.	1.28%	119,457	$27.9M	Reduce -41.4%
ROL Rollins Inc.	1.25%	503,351	$27.2M	Reduce -23.2%
TXN Texas Instruments Inc.	1.24%	150,850	$27.1M	Add +160.3%
LLY Eli Lilly & Co.	1.18%	31,100	$25.7M	New
TJX TJX Companies Inc. filed as TJX COS INC NEW	1.12%	200,868	$24.5M	Add +53.9%
AWK American Water Works Co. Inc.	1.09%	161,467	$23.8M	Add +32.8%
ENB Enbridge Inc.	1.08%	529,120	$23.5M	Reduce -0.1%
NKE Nike Inc. Class B	1.03%	353,766	$22.5M	Add +2.8%
HUBB Hubbell Inc.	1.01%	66,295	$21.9M	Reduce -29.3%
WAB Wabtec Corp.	0.94%	112,748	$20.4M	Reduce -15.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.90%	471,700	$19.7M	New
PH Parker Hannifin Corp.	0.90%	32,267	$19.6M	Reduce -3.2%
LNG Cheniere Energy Inc.	0.89%	84,100	$19.5M	Reduce -30.7%
XYL Xylem Inc.	0.75%	136,901	$16.4M	Add +28.8%
MAR Marriott International Class A	0.73%	66,440	$15.8M	Add +9.8%
ROK Rockwell Automation Inc.	0.70%	58,823	$15.2M	Add +73.4%
JPM JPMorgan Chase & Co.	0.69%	61,700	$15.1M	New
BDX Becton Dickinson and Co.	0.69%	66,000	$15.1M	Add +12.6%
ORLY O'reilly Automotive Inc.	0.68%	10,314	$14.8M	Reduce -13.8%
TDY Teledyne Technologies Inc.	0.66%	29,000	$14.4M	Add +35.5%
ECL Ecolab Inc.	0.62%	52,954	$13.4M	Reduce -13.9%
SHW The Sherwin-Williams Co.	0.61%	38,297	$13.4M	No change
HON Honeywell International Inc.	0.61%	62,798	$13.3M	Reduce -36.4%
CDNS Cadence Design SYS Inc.	0.60%	51,261	$13.0M	Reduce -8.5%
CMS CMS Energy Corp.	0.60%	173,400	$13.0M	Reduce -2.2%
NEE Nextera Energy Inc.	0.57%	176,675	$12.5M	Add +65.6%
APH Amphenol Corp. Class A	0.56%	185,984	$12.2M	Reduce -55.7%
ROP Roper Technologies Inc.	0.55%	20,480	$12.1M	Reduce -8.3%
CBOE Cboe Global Markets Inc.	0.55%	53,200	$12.0M	Add +22.9%
SBUX Starbucks Corp.	0.54%	118,994	$11.7M	Add +25.3%
PG The Procter & Gamble Co.	0.53%	68,070	$11.6M	Add +23.8%
ITW Illinois Tool Works	0.52%	46,045	$11.4M	No change
MDLZ Mondelez International Inc. Class A	0.51%	165,220	$11.2M	Reduce -38.8%
AME Ametek Inc.	0.51%	64,266	$11.1M	Reduce -46.9%
BWXT BWX Technologies Inc.	0.49%	108,292	$10.7M	Reduce -16.9%
TRGP Targa Resources Corp.	0.48%	51,740	$10.4M	Reduce -27.4%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA	0.47%	131,760	$10.2M	Add +7.0%
DHR Danaher Corp.	0.46%	49,256	$10.1M	Reduce -28.8%
MLM Martin Marietta Materials	0.44%	20,090	$9.6M	Reduce -33.5%
EQIX Equinix Inc.	0.43%	11,391	$9.3M	Reduce -9.7%
NUE Nucor Corp.	0.42%	76,640	$9.2M	Add +53.3%
CLH Clean Harbors Inc.	0.36%	39,500	$7.8M	Reduce -53.1%
BMRN Biomarin Pharmaceutical Inc.	0.34%	106,300	$7.5M	Add +37.9%
ADI Analog Devices Inc.	0.34%	36,700	$7.4M	New
INGR Ingredion Inc.	0.33%	52,500	$7.1M	Add +4.8%
TSCO Tractor Supply Company	0.32%	127,000	$7.0M	Reduce -66.1%
SMPL The Simply Good Foods Co.	0.32%	202,500	$7.0M	Add +21.6%
OSK Oshkosh Corp.	0.30%	70,500	$6.6M	Add +135.0%
CW Curtiss-Wright Corp.	0.29%	19,700	$6.3M	Reduce -29.4%
MRVL Marvell Technology Inc.	0.28%	100,826	$6.2M	Reduce -27.3%
BKR Baker Hughes Co.	0.27%	132,000	$5.8M	New
DXCM Dexcom Inc.	0.26%	83,900	$5.7M	Reduce -63.8%
KEYS Keysight Technologies Inc.	0.26%	37,988	$5.7M	No change
GMED Globus Medical Inc. Class A	0.26%	76,400	$5.6M	Reduce -69.5%
KO The Coca-Cola Co.	0.25%	75,500	$5.4M	New
AXP American Express Co.	0.23%	19,000	$5.1M	New
SYK Stryker Corp.	0.23%	13,500	$5.0M	New
MDB Mongodb Inc.	0.23%	28,400	$5.0M	Add +72.1%
DCI Donaldson Co. Inc.	0.19%	61,000	$4.1M	Add +38.6%
VMI Valmont Industries	0.19%	14,300	$4.1M	Reduce -5.9%
WWD Woodward Inc.	0.19%	22,200	$4.1M	Reduce -1.3%
CHE Chemed Corp.	0.18%	6,500	$4.0M	Add +8.3%
PTC PTC Inc.	0.18%	25,500	$4.0M	Add +66.7%
CMC Commercial Metals Co.	0.18%	84,500	$3.9M	Add +36.3%
COO The Cooper Cos Inc.	0.18%	46,000	$3.9M	Add +95.7%
USB US Bancorp	0.16%	84,000	$3.5M	New
GILD Gilead Sciences Inc.	0.16%	30,500	$3.4M	New
MS Morgan Stanley	0.15%	28,800	$3.4M	New
DDOG Datadog Inc. Class A	0.15%	33,400	$3.3M	Add +13.6%
ZBH Zimmer Biomet Holdings Inc.	0.15%	29,000	$3.3M	Reduce -83.7%
IEX Idex Corp.	0.15%	18,000	$3.3M	Add +24.1%
NTR Nutrien Ltd.	0.14%	63,100	$3.1M	Add +13.5%
ATI Ati Inc.	0.14%	60,000	$3.1M	Reduce -7.7%
EXP Eagle Materials Inc.	0.14%	14,000	$3.1M	Add +16.7%
HQY Healthequity Inc.	0.13%	32,000	$2.8M	Add +77.8%
COHR Coherent Corp.	0.13%	43,000	$2.8M	Add +22.9%
AMD Advanced Micro Devices	0.12%	26,090	$2.7M	Reduce -64.8%
MTSI Macom Technology Solutions H	0.12%	26,000	$2.6M	Reduce -3.7%
ITT Itt Inc.	0.12%	20,000	$2.6M	Reduce -90.9%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC	0.12%	22,500	$2.6M	New
CGNX Cognex Corp.	0.12%	86,000	$2.6M	Add +17.0%
DT Dynatrace Inc.	0.10%	47,000	$2.2M	Add +16.1%
H Hyatt Hotels Corp. Class A	0.10%	17,700	$2.2M	Add +41.6%
SKX Skechers USA Inc. Class A	0.09%	36,000	$2.0M	Add +38.5%
CSL Carlisle Cos Inc.	0.09%	6,000	$2.0M	New
POOL Pool Corp.	0.09%	6,000	$1.9M	New
GNTX Gentex Corp.	0.09%	80,000	$1.9M	Add +14.3%
BSY Bentley Systems Inc. Class B	0.07%	37,000	$1.5M	Add +33.6%
KEX Kirby Corp.	0.06%	14,000	$1.4M	New
WTRG Essential Utilities Inc.	0.06%	34,500	$1.4M	New

Portfolio Sells Q4 2024 → Q1 2025


AVGO Broadcom Inc.	Reduce -42.1%	1.56%	−2.11
NVDA Nvidia Corp.	Reduce -25.9%	2.66%	−1.71
ITT Itt Inc.	Reduce -90.9%	0.12%	−1.30
SRE Sempra	Sold out	0.00%	−1.28
LOW Lowe's Cos Inc.	Reduce -41.4%	1.28%	−0.99
DIS The Walt Disney Co.	Reduce -23.4%	1.86%	−0.83
HUBB Hubbell Inc.	Reduce -29.3%	1.01%	−0.76
APH Amphenol Corp. Class A	Reduce -55.7%	0.56%	−0.75
ZBH Zimmer Biomet Holdings Inc.	Reduce -83.7%	0.15%	−0.69
GMED Globus Medical Inc. Class A	Reduce -69.5%	0.26%	−0.68
MSFT Microsoft Corp.	Reduce -1.4%	5.67%	−0.67
TSCO Tractor Supply Company	Reduce -66.1%	0.32%	−0.57
DXCM Dexcom Inc.	Reduce -63.8%	0.26%	−0.55
CLH Clean Harbors Inc.	Reduce -53.1%	0.36%	−0.52
AME Ametek Inc.	Reduce -46.9%	0.51%	−0.48
AMT American Tower Corp.	Sold out	0.00%	−0.43
MRVL Marvell Technology Inc.	Reduce -27.3%	0.28%	−0.41
HON Honeywell International Inc.	Reduce -36.4%	0.61%	−0.40
LNG Cheniere Energy Inc.	Reduce -30.7%	0.89%	−0.28
AMD Advanced Micro Devices	Reduce -64.8%	0.12%	−0.28
WMT Walmart Inc.	Reduce -8.2%	2.67%	−0.27
MLM Martin Marietta Materials	Reduce -33.5%	0.44%	−0.26
DHR Danaher Corp.	Reduce -28.8%	0.46%	−0.25
MDLZ Mondelez International Inc. Class A	Reduce -38.8%	0.51%	−0.21
WAB Wabtec Corp.	Reduce -15.8%	0.94%	−0.21
COST Costco Wholesale Corp.	Reduce -14.3%	1.87%	−0.21
VRT Vertiv Holdings Co. Class A	Sold out	0.00%	−0.20
BWXT BWX Technologies Inc.	Reduce -16.9%	0.49%	−0.16
CDNS Cadence Design SYS Inc.	Reduce -8.5%	0.60%	−0.16
CW Curtiss-Wright Corp.	Reduce -29.4%	0.29%	−0.16
EL Estee Lauder Companies Class A	Sold out	0.00%	−0.15
MKTX Marketaxess Holdings Inc.	Sold out	0.00%	−0.14
ROL Rollins Inc.	Reduce -23.2%	1.25%	−0.12
EQIX Equinix Inc.	Reduce -9.7%	0.43%	−0.11
DAR Darling Ingredients Inc.	Sold out	0.00%	−0.10
TRGP Targa Resources Corp.	Reduce -27.4%	0.48%	−0.10
AMKR Amkor Technology Inc.	Sold out	0.00%	−0.07
BRKR Bruker Corp.	Sold out	0.00%	−0.06
PH Parker Hannifin Corp.	Reduce -3.2%	0.90%	−0.06
COTY Coty Inc. Class A	Sold out	0.00%	−0.05
TFX Teleflex Inc.	Sold out	0.00%	−0.05
MTSI Macom Technology Solutions H	Reduce -3.7%	0.12%	−0.04
ECL Ecolab Inc.	Reduce -13.9%	0.62%	−0.03
VMI Valmont Industries	Reduce -5.9%	0.19%	−0.02
ATI Ati Inc.	Reduce -7.7%	0.14%	−0.02
NFLX Netflix Inc.	Reduce -5.6%	2.57%	+0.01
WWD Woodward Inc.	Reduce -1.3%	0.19%	+0.02
ROP Roper Technologies Inc.	Reduce -8.3%	0.55%	+0.03
ORLY O'reilly Automotive Inc.	Reduce -13.8%	0.68%	+0.04
ENB Enbridge Inc.	Reduce -0.1%	1.08%	+0.06

Portfolio Buys Q4 2024 → Q1 2025


GOOGL Alphabet Inc. Class A	Add +221.4%	3.16%	+1.98
ABT Abbott Laboratories	New	1.79%	+1.79
FNV Franco-Nevada Corp.	Add +182.4%	2.07%	+1.53
ADBE Adobe Inc.	New	1.34%	+1.34
LLY Eli Lilly & Co.	New	1.18%	+1.18
V Visa Inc. Class A	Add +28.1%	3.64%	+1.12
WM Waste Management Inc.	Add +27.0%	2.92%	+0.95
BAC Bank of America Corp.	New	0.90%	+0.90
TXN Texas Instruments Inc.	Add +160.3%	1.24%	+0.75
JPM JPMorgan Chase & Co.	New	0.69%	+0.69
AAPL Apple Inc.	Add +22.4%	6.68%	+0.64
ISRG Intuitive Surgical Inc.	Add +40.2%	1.96%	+0.51
ZTS Zoetis Inc.	Add +20.3%	2.25%	+0.43
TJX TJX Companies Inc.	Add +53.9%	1.12%	+0.41
AWK American Water Works Co. Inc.	Add +32.8%	1.09%	+0.41
MSI Motorola Solutions Inc.	Add +29.3%	1.74%	+0.34
ADI Analog Devices Inc.	New	0.34%	+0.34
BKR Baker Hughes Co.	New	0.27%	+0.27
ROK Rockwell Automation Inc.	Add +73.4%	0.70%	+0.26
KO The Coca-Cola Co.	New	0.25%	+0.25
AXP American Express Co.	New	0.23%	+0.23
SYK Stryker Corp.	New	0.23%	+0.23
NEE Nextera Energy Inc.	Add +65.6%	0.57%	+0.23
EMR Emerson Electric Co.	Add +31.0%	1.50%	+0.23
TDY Teledyne Technologies Inc.	Add +35.5%	0.66%	+0.21
XYL Xylem Inc.	Add +28.8%	0.75%	+0.19
OSK Oshkosh Corp.	Add +135.0%	0.30%	+0.18
CBOE Cboe Global Markets Inc.	Add +22.9%	0.55%	+0.17
MKC McCormick & Co.-Non VTG SHRS	Add +4.9%	1.28%	+0.17
USB US Bancorp	New	0.16%	+0.16
NUE Nucor Corp.	Add +53.3%	0.42%	+0.16
GILD Gilead Sciences Inc.	New	0.16%	+0.16
MS Morgan Stanley	New	0.15%	+0.15
SBUX Starbucks Corp.	Add +25.3%	0.54%	+0.14
BJ Bj's Wholesale Club Holdings	New	0.12%	+0.12
PG The Procter & Gamble Co.	Add +23.8%	0.53%	+0.12
BMRN Biomarin Pharmaceutical Inc.	Add +37.9%	0.34%	+0.12
BDX Becton Dickinson and Co.	Add +12.6%	0.69%	+0.09
CSL Carlisle Cos Inc.	New	0.09%	+0.09
POOL Pool Corp.	New	0.09%	+0.09
COO The Cooper Cos Inc.	Add +95.7%	0.18%	+0.08
KEX Kirby Corp.	New	0.06%	+0.06
WTRG Essential Utilities Inc.	New	0.06%	+0.06
MDB Mongodb Inc.	Add +72.1%	0.23%	+0.06
PTC PTC Inc.	Add +66.7%	0.18%	+0.05
DCI Donaldson Co. Inc.	Add +38.6%	0.19%	+0.05
HQY Healthequity Inc.	Add +77.8%	0.13%	+0.05
CHE Chemed Corp.	Add +8.3%	0.18%	+0.04
CMC Commercial Metals Co.	Add +36.3%	0.18%	+0.04
NTR Nutrien Ltd.	Add +13.5%	0.14%	+0.03

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	153	$3.2B	GOOGL, AAPL, NVDA, AMZN, MSFT
Q1 2026	146	$2.9B	MSFT, AAPL, GOOGL, AMZN, NVDA
Q4 2025	128	$3.0B	MSFT, AAPL, GOOGL, NVDA, AMZN
Q3 2025	122	$2.9B	MSFT, AAPL, NVDA, GOOGL, AMZN
Q2 2025	119	$2.7B	MSFT, AAPL, NVDA, GOOGL, AMZN
Q1 2025	114	$2.2B	AAPL, MSFT, AMZN, V, GOOGL
Q4 2024	106	$2.2B	MSFT, AAPL, AMZN, NVDA, AVGO
Q3 2024	107	$2.3B	MSFT, AAPL, AMZN, NVDA, AVGO
Q2 2024	105	$2.2B	MSFT, NVDA, AMZN, AAPL, NFLX
Q1 2024	106	$2.1B	MSFT, NVDA, AAPL, AMZN, DIS