Covea Finance

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 15, 2025), Covea Finance reported 119 stock positions worth $2.7 billion. Its top holding was Microsoft (MSFT) at 7.2% of the portfolio, followed by Apple (AAPL, 5.1%) and Nvidia (NVDA, 3.5%). Compared with Q1 2025, it opened 10 new positions, sold out of 5, added to 74 and reduced 25. The biggest buy was Microsoft (MSFT, shares +18%) and the biggest sale Amazon.com (AMZN, shares −23%).

Most Recent 13F
Q2 2026
Location
PARIS, I0
CIK
0001636948
Portfolio Value
$2.7B (Q2 2025)
SEC Filing
0001636948-25-000005 ↗ filed Jul 15, 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 Q4 2024 Q1 2025: $2.2B Q1 2025 Q2 2025: $2.7B $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 119 stocks · $2.7B
MSFT Microsoft Corp. 7.18% 388,937 $193.5M Add +18.1%
AAPL Apple Inc. 5.09% 668,609 $137.2M Add +2.0%
NVDA Nvidia Corp. 3.53% 601,156 $95.0M Add +12.4%
GOOGL Alphabet Inc. Class A 3.06% 467,060 $82.3M Add +5.1%
AMZN Amazon.com Inc. 2.98% 365,599 $80.2M Reduce -22.6%
CCJ Cameco Corp. 2.86% 1,040,136 $77.1M Reduce -37.6%
NFLX Netflix Inc. 2.73% 54,951 $73.6M Reduce -8.4%
V Visa Inc. Class A 2.62% 198,863 $70.6M Reduce -12.0%
WM Waste Management Inc. 2.18% 257,101 $58.8M Reduce -6.5%
WMT Walmart Inc. 2.16% 595,480 $58.2M Reduce -10.1%
ABT Abbott Laboratories 1.95% 385,254 $52.4M Add +31.3%
HWM Howmet Aerospace Inc. 1.82% 263,609 $49.1M Reduce -7.7%
TXN Texas Instruments Inc. 1.77% 229,430 $47.6M Add +52.1%
ISRG Intuitive Surgical Inc. 1.73% 85,932 $46.7M Reduce -0.5%
NOW ServiceNow Inc. 1.72% 45,120 $46.4M Add +13.8%
EMR Emerson Electric Co. 1.70% 342,569 $45.7M Add +14.7%
AVGO Broadcom Inc. 1.67% 163,470 $45.1M Reduce -19.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.67% 363,088 $45.0M Reduce -11.6%
ZTS Zoetis Inc. 1.66% 286,797 $44.7M Reduce -3.7%
MSI Motorola Solutions Inc. 1.64% 105,066 $44.2M Add +21.5%
COST Costco Wholesale Corp. 1.55% 42,242 $41.8M Reduce -1.7%
TMO Thermo Fisher Scientific Inc. 1.52% 101,154 $41.0M Reduce -1.9%
FNV Franco-Nevada Corp. 1.51% 248,358 $40.6M Reduce -13.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.29% 281,468 $34.8M Add +40.1%
LLY Eli Lilly & Co. 1.29% 44,470 $34.7M Add +43.0%
ADBE Adobe Inc. 1.24% 86,379 $33.4M Add +13.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.19% 677,100 $32.0M Add +43.5%
PANW Palo Alto Networks Inc. 1.19% 156,335 $32.0M New
HUBB Hubbell Inc. 1.16% 76,268 $31.1M Add +15.0%
NKE Nike Inc. Class B 1.08% 408,095 $29.0M Add +15.4%
JPM JPMorgan Chase & Co. 1.00% 92,600 $26.8M Add +50.1%
MKC McCormick & Co.-Non VTG SHRS 0.94% 333,510 $25.3M Reduce -1.8%
LOW Lowe's Cos Inc. 0.94% 113,942 $25.3M Reduce -4.6%
BWXT BWX Technologies Inc. 0.92% 172,256 $24.8M Add +59.1%
WAB Wabtec Corp. 0.90% 115,948 $24.3M Add +2.8%
XYL Xylem Inc. 0.89% 184,547 $23.9M Add +34.8%
AWK American Water Works Co. Inc. 0.87% 167,767 $23.3M Add +3.9%
PH Parker Hannifin Corp. 0.87% 33,367 $23.3M Add +3.4%
KO The Coca-Cola Co. 0.86% 328,600 $23.2M Add +335.2%
TDY Teledyne Technologies Inc. 0.86% 45,310 $23.2M Add +56.2%
LNG Cheniere Energy Inc. 0.85% 94,500 $23.0M Add +12.4%
ENB Enbridge Inc. 0.83% 496,720 $22.4M Reduce -6.1%
ROK Rockwell Automation Inc. 0.80% 64,709 $21.5M Add +10.0%
ROL Rollins Inc. 0.79% 377,461 $21.3M Reduce -25.0%
CW Curtiss-Wright Corp. 0.78% 42,981 $21.0M Add +118.2%
AXP American Express Co. 0.66% 55,600 $17.7M Add +192.6%
APH Amphenol Corp. Class A 0.64% 175,528 $17.3M Reduce -5.6%
CDNS Cadence Design SYS Inc. 0.64% 56,061 $17.3M Add +9.4%
CMS CMS Energy Corp. 0.61% 236,050 $16.4M Add +36.1%
CLH Clean Harbors Inc. 0.61% 70,487 $16.3M Add +78.5%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.55% 199,828 $14.7M Add +51.7%
HON Honeywell International Inc. 0.54% 62,798 $14.6M No change
NEE Nextera Energy Inc. 0.54% 209,238 $14.5M Add +18.4%
ECL Ecolab Inc. 0.53% 52,954 $14.3M No change
MAR Marriott International Class A 0.52% 51,440 $14.1M Reduce -22.6%
ORLY O'reilly Automotive Inc. 0.52% 154,710 $13.9M No change
SHW The Sherwin-Williams Co. 0.49% 38,297 $13.1M No change
SBUX Starbucks Corp. 0.47% 138,994 $12.7M Add +16.8%
MLM Martin Marietta Materials 0.47% 22,874 $12.6M Add +13.9%
MDLZ Mondelez International Inc. Class A 0.46% 182,420 $12.3M Add +10.4%
BDX Becton Dickinson and Co. 0.46% 71,237 $12.3M Add +7.9%
AME Ametek Inc. 0.43% 64,266 $11.6M No change
ROP Roper Technologies Inc. 0.43% 20,480 $11.6M No change
ITW Illinois Tool Works 0.42% 46,045 $11.4M No change
CBOE Cboe Global Markets Inc. 0.40% 46,100 $10.8M Reduce -13.3%
ADI Analog Devices Inc. 0.39% 44,000 $10.5M Add +19.9%
PG The Procter & Gamble Co. 0.39% 65,449 $10.4M Reduce -3.9%
SYK Stryker Corp. 0.38% 26,034 $10.3M Add +92.8%
TRGP Targa Resources Corp. 0.36% 56,390 $9.8M Add +9.0%
DHR Danaher Corp. 0.36% 49,256 $9.7M No change
DXCM Dexcom Inc. 0.36% 111,200 $9.7M Add +32.5%
TSCO Tractor Supply Company 0.34% 173,587 $9.2M Add +36.7%
EQIX Equinix Inc. 0.34% 11,391 $9.1M No change
INGR Ingredion Inc. 0.34% 66,800 $9.1M Add +27.2%
OSK Oshkosh Corp. 0.33% 78,800 $8.9M Add +11.8%
MDB Mongodb Inc. 0.33% 42,200 $8.9M Add +48.6%
GMED Globus Medical Inc. Class A 0.32% 147,100 $8.7M Add +92.5%
SMPL The Simply Good Foods Co. 0.29% 245,500 $7.8M Add +21.2%
BKR Baker Hughes Co. 0.28% 194,800 $7.5M Add +47.6%
BMRN Biomarin Pharmaceutical Inc. 0.28% 135,300 $7.4M Add +27.3%
CEG Constellation Energy 0.26% 21,886 $7.1M New
NUE Nucor Corp. 0.26% 53,700 $7.0M Reduce -29.9%
MS Morgan Stanley 0.25% 48,500 $6.8M Add +68.4%
WWD Woodward Inc. 0.24% 26,900 $6.6M Add +21.2%
KEYS Keysight Technologies Inc. 0.23% 37,988 $6.2M No change
VMI Valmont Industries 0.23% 18,600 $6.1M Add +30.1%
DCI Donaldson Co. Inc. 0.22% 85,700 $5.9M Add +40.5%
ITT Itt Inc. 0.22% 37,700 $5.9M Add +88.5%
CMC Commercial Metals Co. 0.21% 117,400 $5.7M Add +38.9%
GILD Gilead Sciences Inc. 0.21% 51,700 $5.7M Add +69.5%
PTC PTC Inc. 0.21% 33,000 $5.7M Add +29.4%
DDOG Datadog Inc. Class A 0.20% 40,600 $5.5M Add +21.6%
DE Deere & Co. 0.19% 10,243 $5.2M New
UBER Uber Technologies Inc. 0.19% 55,000 $5.1M New
CHE Chemed Corp. 0.18% 9,900 $4.8M Add +52.3%
ATI Ati Inc. 0.18% 55,300 $4.8M Reduce -7.8%
COO The Cooper Cos Inc. 0.17% 65,000 $4.6M Add +41.3%
USB US Bancorp 0.17% 101,600 $4.6M Add +20.9%
IEX Idex Corp. 0.17% 25,400 $4.5M Add +41.1%
EXP Eagle Materials Inc. 0.16% 21,700 $4.4M Add +55.0%
DT Dynatrace Inc. 0.16% 78,500 $4.3M Add +67.0%
BURL Burlington Stores Inc. 0.16% 18,500 $4.3M New
NTR Nutrien Ltd. 0.16% 73,500 $4.3M Add +16.5%
CP Canadian Pacific Kansas City 0.16% 53,194 $4.2M New
MTSI Macom Technology Solutions H 0.15% 29,100 $4.2M Add +11.9%
KEX Kirby Corp. 0.15% 36,700 $4.2M Add +162.1%
HQY Healthequity Inc. 0.15% 39,200 $4.1M Add +22.5%
ZBH Zimmer Biomet Holdings Inc. 0.14% 42,600 $3.9M Add +46.9%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.14% 33,800 $3.6M Add +50.2%
BSY Bentley Systems Inc. Class B 0.13% 67,100 $3.6M Add +81.3%
H Hyatt Hotels Corp. Class A 0.13% 25,300 $3.5M Add +42.9%
CSL Carlisle Cos Inc. 0.13% 9,400 $3.5M Add +56.7%
ON On Semiconductor 0.13% 66,500 $3.5M New
COHR Coherent Corp. 0.13% 38,100 $3.4M Reduce -11.4%
POOL Pool Corp. 0.11% 10,400 $3.0M Add +73.3%
CNM Core & Main Inc. Class A 0.09% 42,200 $2.5M New
IOT Samsara Inc. Class A 0.09% 64,000 $2.5M New
RPM RPM International Inc. 0.09% 22,900 $2.5M New
WTRG Essential Utilities Inc. 0.09% 65,800 $2.4M Add +90.7%

Portfolio Sells Q1 2025 → Q2 2025
AMZN Amazon.com Inc. Reduce -22.6% 2.98% −1.15
V Visa Inc. Class A Reduce -12.0% 2.62% −1.01
TMO Thermo Fisher Scientific Inc. Reduce -1.9% 1.52% −0.83
WM Waste Management Inc. Reduce -6.5% 2.18% −0.74
ZTS Zoetis Inc. Reduce -3.7% 1.66% −0.59
FNV Franco-Nevada Corp. Reduce -13.2% 1.51% −0.56
WMT Walmart Inc. Reduce -10.1% 2.16% −0.51
ROL Rollins Inc. Reduce -25.0% 0.79% −0.46
MKC McCormick & Co.-Non VTG SHRS Reduce -1.8% 0.94% −0.34
LOW Lowe's Cos Inc. Reduce -4.6% 0.94% −0.34
COST Costco Wholesale Corp. Reduce -1.7% 1.55% −0.31
MRVL Marvell Technology Inc. Sold out 0.00% −0.28
ENB Enbridge Inc. Reduce -6.1% 0.83% −0.24
ISRG Intuitive Surgical Inc. Reduce -0.5% 1.73% −0.23
MAR Marriott International Class A Reduce -22.6% 0.52% −0.20
DIS The Walt Disney Co. Reduce -11.6% 1.67% −0.19
NUE Nucor Corp. Reduce -29.9% 0.26% −0.17
CBOE Cboe Global Markets Inc. Reduce -13.3% 0.40% −0.15
PG The Procter & Gamble Co. Reduce -3.9% 0.39% −0.15
AMD Advanced Micro Devices Sold out 0.00% −0.12
CGNX Cognex Corp. Sold out 0.00% −0.12
SKX Skechers USA Inc. Class A Sold out 0.00% −0.09
GNTX Gentex Corp. Sold out 0.00% −0.09
COHR Coherent Corp. Reduce -11.4% 0.13% −0.00
ATI Ati Inc. Reduce -7.8% 0.18% +0.03
APH Amphenol Corp. Class A Reduce -5.6% 0.64% +0.08
AVGO Broadcom Inc. Reduce -19.6% 1.67% +0.11
HWM Howmet Aerospace Inc. Reduce -7.7% 1.82% +0.12
NFLX Netflix Inc. Reduce -8.4% 2.73% +0.16
CCJ Cameco Corp. Reduce -37.6% 2.86% +0.72

Portfolio Buys Q1 2025 → Q2 2025
MSFT Microsoft Corp. Add +18.1% 7.18% +1.51
PANW Palo Alto Networks Inc. New 1.19% +1.19
NVDA Nvidia Corp. Add +12.4% 3.53% +0.87
KO The Coca-Cola Co. Add +335.2% 0.86% +0.62
TXN Texas Instruments Inc. Add +52.1% 1.77% +0.52
CW Curtiss-Wright Corp. Add +118.2% 0.78% +0.49
BWXT BWX Technologies Inc. Add +59.1% 0.92% +0.43
AXP American Express Co. Add +192.6% 0.66% +0.42
JPM JPMorgan Chase & Co. Add +50.1% 1.00% +0.30
BAC Bank of America Corp. Add +43.5% 1.19% +0.29
NOW ServiceNow Inc. Add +13.8% 1.72% +0.27
CEG Constellation Energy New 0.26% +0.26
CLH Clean Harbors Inc. Add +78.5% 0.61% +0.25
TDY Teledyne Technologies Inc. Add +56.2% 0.86% +0.20
DE Deere & Co. New 0.19% +0.19
EMR Emerson Electric Co. Add +14.7% 1.70% +0.19
UBER Uber Technologies Inc. New 0.19% +0.19
TJX TJX Companies Inc. Add +40.1% 1.29% +0.17
BURL Burlington Stores Inc. New 0.16% +0.16
ABT Abbott Laboratories Add +31.3% 1.95% +0.16
CP Canadian Pacific Kansas City New 0.16% +0.16
SYK Stryker Corp. Add +92.8% 0.38% +0.15
HUBB Hubbell Inc. Add +15.0% 1.16% +0.15
XYL Xylem Inc. Add +34.8% 0.89% +0.14
ON On Semiconductor New 0.13% +0.13
LLY Eli Lilly & Co. Add +43.0% 1.29% +0.11
ITT Itt Inc. Add +88.5% 0.22% +0.10
ROK Rockwell Automation Inc. Add +10.0% 0.80% +0.10
MDB Mongodb Inc. Add +48.6% 0.33% +0.10
MS Morgan Stanley Add +68.4% 0.25% +0.10
DXCM Dexcom Inc. Add +32.5% 0.36% +0.10
CNM Core & Main Inc. Class A New 0.09% +0.09
IOT Samsara Inc. Class A New 0.09% +0.09
RPM RPM International Inc. New 0.09% +0.09
KEX Kirby Corp. Add +162.1% 0.15% +0.09
IFF Intl Flavors & Fragrances Add +51.7% 0.55% +0.08
BSY Bentley Systems Inc. Class B Add +81.3% 0.13% +0.07
GMED Globus Medical Inc. Class A Add +92.5% 0.32% +0.07
DT Dynatrace Inc. Add +67.0% 0.16% +0.06
WWD Woodward Inc. Add +21.2% 0.24% +0.06
GILD Gilead Sciences Inc. Add +69.5% 0.21% +0.06
DDOG Datadog Inc. Class A Add +21.6% 0.20% +0.05
ADI Analog Devices Inc. Add +19.9% 0.39% +0.05
NKE Nike Inc. Class B Add +15.4% 1.08% +0.05
CDNS Cadence Design SYS Inc. Add +9.4% 0.64% +0.04
VMI Valmont Industries Add +30.1% 0.23% +0.04
CSL Carlisle Cos Inc. Add +56.7% 0.13% +0.04
MTSI Macom Technology Solutions H Add +11.9% 0.15% +0.04
CMC Commercial Metals Co. Add +38.9% 0.21% +0.03
DCI Donaldson Co. Inc. Add +40.5% 0.22% +0.03

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