Covea Finance
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 16, 2025), Covea Finance reported 122 stock positions worth $2.9 billion. Its top holding was Microsoft (MSFT) at 7.0% of the portfolio, followed by Apple (AAPL, 5.8%) and Nvidia (NVDA, 4.2%). Compared with Q2 2025, it opened 7 new positions, sold out of 4, added to 42 and reduced 47. The biggest buy was a new position in MSCI (MSCI) and the biggest sale Netflix (NFLX, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0001636948
- Portfolio Value
- $2.9B (Q3 2025)
- SEC Filing
- 0001636948-25-000009 ↗ filed Oct 16, 2025
Holdings Value
Holdings 122 stocks · $2.9B
| MSFT Microsoft Corp. | 7.03% | 389,369 | $201.7M | Add +0.1% |
| AAPL Apple Inc. | 5.83% | 657,284 | $167.4M | Reduce -1.7% |
| NVDA Nvidia Corp. | 4.25% | 653,287 | $121.9M | Add +8.7% |
| GOOGL Alphabet Inc. Class A | 3.95% | 466,703 | $113.5M | Reduce -0.1% |
| AMZN Amazon.com Inc. | 2.55% | 333,399 | $73.2M | Reduce -8.8% |
| CCJ Cameco Corp. | 2.39% | 817,680 | $68.6M | Reduce -21.4% |
| V Visa Inc. Class A | 2.14% | 179,772 | $61.4M | Reduce -9.6% |
| WMT Walmart Inc. | 2.09% | 582,980 | $60.1M | Reduce -2.1% |
| FNV Franco-Nevada Corp. | 1.87% | 241,058 | $53.6M | Reduce -2.9% |
| AVGO Broadcom Inc. | 1.84% | 159,970 | $52.8M | Reduce -2.1% |
| NFLX Netflix Inc. | 1.82% | 43,567 | $52.2M | Reduce -20.7% |
| WM Waste Management Inc. | 1.80% | 233,353 | $51.5M | Reduce -9.2% |
| MSI Motorola Solutions Inc. | 1.77% | 111,219 | $50.9M | Add +5.9% |
| ABT Abbott Laboratories | 1.66% | 355,054 | $47.6M | Reduce -7.8% |
| TMO Thermo Fisher Scientific Inc. | 1.63% | 96,517 | $46.8M | Reduce -4.6% |
| NOW ServiceNow Inc. | 1.56% | 48,620 | $44.7M | Add +7.8% |
| HWM Howmet Aerospace Inc. | 1.50% | 219,809 | $43.1M | Reduce -16.6% |
| EMR Emerson Electric Co. | 1.43% | 312,669 | $41.0M | Reduce -8.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.42% | 281,468 | $40.7M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.42% | 354,888 | $40.6M | Reduce -2.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.37% | 762,400 | $39.3M | Add +12.6% |
| ZTS Zoetis Inc. | 1.35% | 264,497 | $38.7M | Reduce -7.8% |
| ISRG Intuitive Surgical Inc. | 1.32% | 84,732 | $37.9M | Reduce -1.4% |
| COST Costco Wholesale Corp. | 1.31% | 40,664 | $37.6M | Reduce -3.7% |
| XYL Xylem Inc. | 1.19% | 231,547 | $34.2M | Add +25.5% |
| PANW Palo Alto Networks Inc. | 1.18% | 166,000 | $33.8M | Add +6.2% |
| TXN Texas Instruments Inc. | 1.16% | 181,730 | $33.4M | Reduce -20.8% |
| JPM JPMorgan Chase & Co. | 1.15% | 104,200 | $32.9M | Add +12.5% |
| ADBE Adobe Inc. | 1.09% | 88,879 | $31.4M | Add +2.9% |
| HUBB Hubbell Inc. | 1.08% | 71,708 | $30.9M | Reduce -6.0% |
| LLY Eli Lilly & Co. | 1.07% | 40,070 | $30.6M | Reduce -9.9% |
| MSCI MSCI Inc. | 1.06% | 53,387 | $30.3M | New |
| MAR Marriott International Class A | 1.03% | 113,358 | $29.5M | Add +120.4% |
| AXP American Express Co. | 1.01% | 87,300 | $29.0M | Add +57.0% |
| KO The Coca-Cola Co. | 1.00% | 434,200 | $28.8M | Add +32.1% |
| TDY Teledyne Technologies Inc. | 0.99% | 48,234 | $28.3M | Add +6.5% |
| LOW Lowe's Cos Inc. | 0.96% | 109,642 | $27.6M | Reduce -3.8% |
| LNG Cheniere Energy Inc. | 0.91% | 111,300 | $26.2M | Add +17.8% |
| BWXT BWX Technologies Inc. | 0.91% | 141,756 | $26.1M | Reduce -17.7% |
| NKE Nike Inc. Class B | 0.90% | 369,979 | $25.8M | Reduce -9.3% |
| ENB Enbridge Inc. | 0.89% | 506,920 | $25.6M | Add +2.0% |
| AWK American Water Works Co. Inc. | 0.84% | 174,167 | $24.2M | Add +3.8% |
| MKC McCormick & Co.-Non VTG SHRS | 0.83% | 355,890 | $23.8M | Add +6.7% |
| PH Parker Hannifin Corp. | 0.81% | 30,841 | $23.4M | Reduce -7.6% |
| ROK Rockwell Automation Inc. | 0.81% | 66,309 | $23.2M | Add +2.5% |
| CW Curtiss-Wright Corp. | 0.78% | 41,081 | $22.3M | Reduce -4.4% |
| WAB Wabtec Corp. | 0.71% | 101,246 | $20.3M | Reduce -12.7% |
| CDNS Cadence Design SYS Inc. | 0.69% | 56,561 | $19.9M | Add +0.9% |
| APH Amphenol Corp. Class A | 0.68% | 158,520 | $19.6M | Reduce -9.7% |
| EVR Evercore Inc. Class A | 0.64% | 54,800 | $18.5M | New |
| ROL Rollins Inc. | 0.64% | 310,453 | $18.2M | Reduce -17.8% |
| CMS CMS Energy Corp. | 0.61% | 237,350 | $17.4M | Add +0.6% |
| CLH Clean Harbors Inc. | 0.56% | 69,387 | $16.1M | Reduce -1.6% |
| MS Morgan Stanley | 0.56% | 100,200 | $15.9M | Add +106.6% |
| ORLY O'reilly Automotive Inc. | 0.55% | 145,545 | $15.7M | Reduce -5.9% |
| BDX Becton Dickinson and Co. | 0.51% | 78,847 | $14.8M | Add +10.7% |
| ECL Ecolab Inc. | 0.51% | 52,954 | $14.5M | No change |
| MLM Martin Marietta Materials | 0.50% | 22,874 | $14.4M | No change |
| CEG Constellation Energy | 0.48% | 41,886 | $13.8M | Add +91.4% |
| SHW The Sherwin-Williams Co. | 0.46% | 38,297 | $13.3M | No change |
| HON Honeywell International Inc. | 0.46% | 62,798 | $13.2M | No change |
| NUE Nucor Corp. | 0.44% | 94,200 | $12.8M | Add +75.4% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.44% | 206,528 | $12.7M | Add +3.4% |
| AME Ametek Inc. | 0.42% | 64,266 | $12.1M | No change |
| MDLZ Mondelez International Inc. Class A | 0.42% | 192,420 | $12.0M | Add +5.5% |
| ITW Illinois Tool Works | 0.42% | 46,045 | $12.0M | No change |
| JEF Jefferies Financial Group Inc. | 0.40% | 175,600 | $11.5M | New |
| TSCO Tractor Supply Company | 0.37% | 184,487 | $10.5M | Add +6.3% |
| SYK Stryker Corp. | 0.36% | 28,034 | $10.4M | Add +7.7% |
| INGR Ingredion Inc. | 0.36% | 84,200 | $10.3M | Add +26.1% |
| ROP Roper Technologies Inc. | 0.36% | 20,480 | $10.2M | No change |
| ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW | 0.35% | 942,200 | $10.2M | New |
| OSK Oshkosh Corp. | 0.35% | 77,600 | $10.1M | Reduce -1.5% |
| ADI Analog Devices Inc. | 0.35% | 40,800 | $10.0M | Reduce -7.3% |
| MDB Mongodb Inc. | 0.35% | 32,200 | $10.0M | Reduce -23.7% |
| CBOE Cboe Global Markets Inc. | 0.34% | 40,200 | $9.9M | Reduce -12.8% |
| DHR Danaher Corp. | 0.34% | 49,256 | $9.8M | No change |
| VMI Valmont Industries | 0.34% | 25,100 | $9.7M | Add +35.0% |
| TRGP Targa Resources Corp. | 0.33% | 56,390 | $9.4M | No change |
| EQIX Equinix Inc. | 0.31% | 11,391 | $8.9M | No change |
| GMED Globus Medical Inc. Class A | 0.30% | 151,500 | $8.7M | Add +3.0% |
| BKR Baker Hughes Co. | 0.29% | 169,800 | $8.3M | Reduce -12.8% |
| NEE Nextera Energy Inc. | 0.28% | 107,576 | $8.1M | Reduce -48.6% |
| BMRN Biomarin Pharmaceutical Inc. | 0.28% | 145,800 | $7.9M | Add +7.8% |
| SXT Sensient Technologies Corp. | 0.27% | 81,400 | $7.6M | New |
| CP Canadian Pacific Kansas City | 0.26% | 99,934 | $7.4M | Add +87.9% |
| SBUX Starbucks Corp. | 0.24% | 82,994 | $7.0M | Reduce -40.3% |
| KEYS Keysight Technologies Inc. | 0.23% | 37,988 | $6.6M | No change |
| PNC PNC Financial Services Group | 0.22% | 32,000 | $6.4M | New |
| EW Edwards Lifesciences Corp. | 0.22% | 81,101 | $6.3M | New |
| WWD Woodward Inc. | 0.22% | 24,500 | $6.2M | Reduce -8.9% |
| DDOG Datadog Inc. Class A | 0.21% | 43,000 | $6.1M | Add +5.9% |
| PG The Procter & Gamble Co. | 0.21% | 39,649 | $6.1M | Reduce -39.4% |
| UBER Uber Technologies Inc. | 0.21% | 60,100 | $5.9M | Add +9.3% |
| GILD Gilead Sciences Inc. | 0.20% | 51,700 | $5.7M | No change |
| CMC Commercial Metals Co. | 0.20% | 97,800 | $5.6M | Reduce -16.7% |
| ITT Itt Inc. | 0.19% | 30,300 | $5.4M | Reduce -19.6% |
| COHR Coherent Corp. | 0.18% | 48,000 | $5.2M | Add +26.0% |
| DCI Donaldson Co. Inc. | 0.18% | 61,900 | $5.1M | Reduce -27.8% |
| BURL Burlington Stores Inc. | 0.16% | 18,500 | $4.7M | No change |
Portfolio Sells Q2 2025 → Q3 2025
| NFLX Netflix Inc. | Reduce -20.7% | 1.82% | −0.91 |
| TXN Texas Instruments Inc. | Reduce -20.8% | 1.16% | −0.61 |
| V Visa Inc. Class A | Reduce -9.6% | 2.14% | −0.48 |
| CCJ Cameco Corp. | Reduce -21.4% | 2.39% | −0.47 |
| AMZN Amazon.com Inc. | Reduce -8.8% | 2.55% | −0.43 |
| ISRG Intuitive Surgical Inc. | Reduce -1.4% | 1.32% | −0.41 |
| WM Waste Management Inc. | Reduce -9.2% | 1.80% | −0.39 |
| DXCM Dexcom Inc. | Sold out | 0.00% | −0.36 |
| HWM Howmet Aerospace Inc. | Reduce -16.6% | 1.50% | −0.32 |
| ZTS Zoetis Inc. | Reduce -7.8% | 1.35% | −0.31 |
| ABT Abbott Laboratories | Reduce -7.8% | 1.66% | −0.29 |
| EMR Emerson Electric Co. | Reduce -8.7% | 1.43% | −0.27 |
| NEE Nextera Energy Inc. | Reduce -48.6% | 0.28% | −0.26 |
| DIS The Walt Disney Co. | Reduce -2.3% | 1.42% | −0.26 |
| COST Costco Wholesale Corp. | Reduce -3.7% | 1.31% | −0.24 |
| SBUX Starbucks Corp. | Reduce -40.3% | 0.24% | −0.23 |
| LLY Eli Lilly & Co. | Reduce -9.9% | 1.07% | −0.22 |
| WAB Wabtec Corp. | Reduce -12.7% | 0.71% | −0.19 |
| NKE Nike Inc. Class B | Reduce -9.3% | 0.90% | −0.18 |
| PG The Procter & Gamble Co. | Reduce -39.4% | 0.21% | −0.17 |
| SMPL The Simply Good Foods Co. | Reduce -45.4% | 0.12% | −0.17 |
| COO The Cooper Cos Inc. | Sold out | 0.00% | −0.17 |
| USB US Bancorp | Sold out | 0.00% | −0.17 |
| ROL Rollins Inc. | Reduce -17.8% | 0.64% | −0.16 |
| ON On Semiconductor | Sold out | 0.00% | −0.13 |
| HUBB Hubbell Inc. | Reduce -6.0% | 1.08% | −0.08 |
| WMT Walmart Inc. | Reduce -2.1% | 2.09% | −0.07 |
| NTR Nutrien Ltd. | Reduce -34.0% | 0.10% | −0.06 |
| CBOE Cboe Global Markets Inc. | Reduce -12.8% | 0.34% | −0.06 |
| PTC PTC Inc. | Reduce -31.8% | 0.16% | −0.05 |
| PH Parker Hannifin Corp. | Reduce -7.6% | 0.81% | −0.05 |
| DCI Donaldson Co. Inc. | Reduce -27.8% | 0.18% | −0.04 |
| CLH Clean Harbors Inc. | Reduce -1.6% | 0.56% | −0.04 |
| ADI Analog Devices Inc. | Reduce -7.3% | 0.35% | −0.04 |
| ITT Itt Inc. | Reduce -19.6% | 0.19% | −0.03 |
| WWD Woodward Inc. | Reduce -8.9% | 0.22% | −0.03 |
| CMC Commercial Metals Co. | Reduce -16.7% | 0.20% | −0.02 |
| BWXT BWX Technologies Inc. | Reduce -17.7% | 0.91% | −0.01 |
| EXP Eagle Materials Inc. | Reduce -12.4% | 0.15% | −0.01 |
| CW Curtiss-Wright Corp. | Reduce -4.4% | 0.78% | −0.00 |
| BKR Baker Hughes Co. | Reduce -12.8% | 0.29% | +0.01 |
| OSK Oshkosh Corp. | Reduce -1.5% | 0.35% | +0.02 |
| MDB Mongodb Inc. | Reduce -23.7% | 0.35% | +0.02 |
| LOW Lowe's Cos Inc. | Reduce -3.8% | 0.96% | +0.02 |
| ORLY O'reilly Automotive Inc. | Reduce -5.9% | 0.55% | +0.03 |
| APH Amphenol Corp. Class A | Reduce -9.7% | 0.68% | +0.04 |
| TMO Thermo Fisher Scientific Inc. | Reduce -4.6% | 1.63% | +0.11 |
| AVGO Broadcom Inc. | Reduce -2.1% | 1.84% | +0.17 |
| FNV Franco-Nevada Corp. | Reduce -2.9% | 1.87% | +0.36 |
| AAPL Apple Inc. | Reduce -1.7% | 5.83% | +0.74 |
Portfolio Buys Q2 2025 → Q3 2025
| MSCI MSCI Inc. | New | 1.06% | +1.06 |
| NVDA Nvidia Corp. | Add +8.7% | 4.25% | +0.72 |
| EVR Evercore Inc. Class A | New | 0.64% | +0.64 |
| MAR Marriott International Class A | Add +120.4% | 1.03% | +0.51 |
| JEF Jefferies Financial Group Inc. | New | 0.40% | +0.40 |
| ORLA Orla Mining Ltd. | New | 0.35% | +0.35 |
| AXP American Express Co. | Add +57.0% | 1.01% | +0.35 |
| XYL Xylem Inc. | Add +25.5% | 1.19% | +0.30 |
| MS Morgan Stanley | Add +106.6% | 0.56% | +0.30 |
| SXT Sensient Technologies Corp. | New | 0.27% | +0.27 |
| PNC PNC Financial Services Group | New | 0.22% | +0.22 |
| EW Edwards Lifesciences Corp. | New | 0.22% | +0.22 |
| CEG Constellation Energy | Add +91.4% | 0.48% | +0.22 |
| NUE Nucor Corp. | Add +75.4% | 0.44% | +0.19 |
| BAC Bank of America Corp. | Add +12.6% | 1.37% | +0.18 |
| JPM JPMorgan Chase & Co. | Add +12.5% | 1.15% | +0.15 |
| KO The Coca-Cola Co. | Add +32.1% | 1.00% | +0.14 |
| MSI Motorola Solutions Inc. | Add +5.9% | 1.77% | +0.13 |
| TDY Teledyne Technologies Inc. | Add +6.5% | 0.99% | +0.12 |
| VMI Valmont Industries | Add +35.0% | 0.34% | +0.11 |
| CP Canadian Pacific Kansas City | Add +87.9% | 0.26% | +0.10 |
| WTRG Essential Utilities Inc. | Add +66.3% | 0.15% | +0.06 |
| BDX Becton Dickinson and Co. | Add +10.7% | 0.51% | +0.06 |
| ENB Enbridge Inc. | Add +2.0% | 0.89% | +0.06 |
| LNG Cheniere Energy Inc. | Add +17.8% | 0.91% | +0.06 |
| COHR Coherent Corp. | Add +26.0% | 0.18% | +0.05 |
| CDNS Cadence Design SYS Inc. | Add +0.9% | 0.69% | +0.05 |
| POOL Pool Corp. | Add +31.7% | 0.15% | +0.04 |
| TSCO Tractor Supply Company | Add +6.3% | 0.37% | +0.03 |
| RPM RPM International Inc. | Add +24.9% | 0.12% | +0.02 |
| INGR Ingredion Inc. | Add +26.1% | 0.36% | +0.02 |
| H Hyatt Hotels Corp. Class A | Add +19.0% | 0.15% | +0.02 |
| UBER Uber Technologies Inc. | Add +9.3% | 0.21% | +0.01 |
| DDOG Datadog Inc. Class A | Add +5.9% | 0.21% | +0.01 |
| IOT Samsara Inc. Class A | Add +26.6% | 0.11% | +0.01 |
| ROK Rockwell Automation Inc. | Add +2.5% | 0.81% | +0.01 |
| BJ Bj's Wholesale Club Holdings | Add +24.9% | 0.14% | +0.00 |
| BMRN Biomarin Pharmaceutical Inc. | Add +7.8% | 0.28% | −0.00 |
| CMS CMS Energy Corp. | Add +0.6% | 0.61% | −0.00 |
| PANW Palo Alto Networks Inc. | Add +6.2% | 1.18% | −0.01 |
| GMED Globus Medical Inc. Class A | Add +3.0% | 0.30% | −0.02 |
| SYK Stryker Corp. | Add +7.7% | 0.36% | −0.02 |
| AWK American Water Works Co. Inc. | Add +3.8% | 0.84% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Add +5.5% | 0.42% | −0.04 |
| IFF Intl Flavors & Fragrances | Add +3.4% | 0.44% | −0.10 |
| MKC McCormick & Co.-Non VTG SHRS | Add +6.7% | 0.83% | −0.11 |
| ADBE Adobe Inc. | Add +2.9% | 1.09% | −0.15 |
| MSFT Microsoft Corp. | Add +0.1% | 7.03% | −0.16 |
| NOW ServiceNow Inc. | Add +7.8% | 1.56% | −0.16 |
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 |