Degroof Petercam Asset Management

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), Degroof Petercam Asset Management reported 625 stock positions worth $8.3 billion. Its top holding was Microsoft (MSFT) at 11.9% of the portfolio, followed by Nvidia (NVDA, 5.0%) and Alphabet Class A (GOOGL, 3.7%). Compared with Q4 2023, it opened 10 new positions, sold out of 8, added to 156 and reduced 189. The biggest buy was Nvidia (NVDA, shares +3%) and the biggest sale HDFC Bank Ltd.-ADR (HDB, shares −95%).

Most Recent 13F
Q1 2024
Location
BRUSSELS, C9
CIK
0001998532
Portfolio Value
$8.3B (Q1 2024)
SEC Filing
0001998532-24-000003 ↗ filed May 13, 2024

Holdings 625 stocks · $8.3B
MSFT Microsoft Corp. 11.93% 2,358,831 $992.4M Add +2.6%
NVDA Nvidia Corp. 5.04% 463,563 $418.9M Add +2.8%
GOOGL Alphabet Inc. Class A 3.70% 2,040,907 $308.0M Add +1.7%
AMZN Amazon.com Inc. 2.17% 1,001,260 $180.6M Add +4.0%
PG The Procter & Gamble Co. 1.97% 1,012,149 $164.2M Add +10.2%
AAPL Apple Inc. 1.84% 892,455 $153.0M Reduce -3.2%
MA Mastercard Inc. Class A 1.77% 305,116 $146.9M Add +2.4%
TSM Taiwan Semiconductor-SP ADR 1.65% 1,005,645 $136.8M Add +54.0%
DHR Danaher Corp. 1.61% 537,408 $134.2M Reduce -4.0%
UNH Unitedhealth Group Inc. 1.50% 251,910 $124.6M Reduce -3.8%
CRM Salesforce Inc. 1.46% 402,909 $121.4M Add +2.4%
SNPS Synopsys Inc. 1.45% 210,875 $120.5M Add +18.8%
SPGI S&P Global Inc. 1.38% 270,576 $115.1M Add +35.5%
SYK Stryker Corp. 1.35% 313,683 $112.3M Reduce -1.8%
TMO Thermo Fisher Scientific Inc. 1.33% 190,320 $110.6M Reduce -3.1%
MRSH Marsh & McLennan Cos 1.30% 525,637 $108.3M Add +19.3%
V Visa Inc. Class A 1.28% 380,150 $106.1M Add +17.9%
BKNG Booking Holdings Inc. 1.26% 28,916 $104.9M Add +30.4%
LLY Eli Lilly & Co. 1.23% 131,681 $102.4M Add +2.1%
ADBE Adobe Inc. 1.16% 190,745 $96.3M Reduce -10.6%
NOW ServiceNow Inc. 1.09% 119,094 $90.8M Reduce -6.6%
EW Edwards Lifesciences Corp. 1.04% 901,982 $86.2M Add +1.3%
INTU Intuit Inc. 1.02% 130,766 $85.0M Add +47.1%
MCO Moody's Corp. 1.00% 211,994 $83.3M Add +42.5%
JPM JPMorgan Chase & Co. 0.99% 411,533 $82.4M Reduce -10.0%
TSLA Tesla Inc. 0.98% 465,200 $81.8M Add +2.8%
BSX Boston Scientific Corp. 0.93% 1,131,302 $77.5M Add +9.1%
ADP Automatic Data Processing 0.89% 297,550 $74.3M Add +86.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.78% 532,806 $65.2M Add +14.6%
GOOG Alphabet Inc. Class C 0.77% 420,450 $64.0M Add +0.9%
HD Home Depot Inc. 0.77% 166,390 $63.8M Add +2.6%
AMAT Applied Materials Inc. 0.74% 300,300 $61.9M Add +30.4%
MRK Merck & Co. Inc. 0.73% 460,600 $60.8M Add +10.7%
AVGO Broadcom Inc. 0.72% 45,260 $60.0M Add +39.0%
MSCI MSCI Inc. 0.71% 106,072 $59.4M Reduce -9.5%
ISRG Intuitive Surgical Inc. 0.71% 148,132 $59.1M Reduce -21.0%
PEP Pepsico Inc. 0.70% 333,950 $58.4M Reduce -0.3%
IDXX Idexx Laboratories Inc. 0.66% 101,722 $54.9M Reduce -1.8%
ABT Abbott Laboratories 0.61% 448,400 $51.0M Reduce -12.0%
ZTS Zoetis Inc. 0.55% 270,691 $45.8M Add +59.7%
PGR Progressive Corp. 0.54% 215,506 $44.6M Add +0.4%
AXP American Express Co. 0.52% 189,350 $43.1M Reduce -4.0%
KO The Coca-Cola Co. 0.52% 702,127 $43.0M Add +2.4%
PTC PTC Inc. 0.49% 214,925 $40.6M Reduce -13.3%
TXN Texas Instruments Inc. 0.48% 227,750 $39.7M Reduce -6.5%
LOW Lowe's Cos Inc. 0.46% 151,650 $38.6M Reduce -0.2%
BLK BlackRock Finance Inc. 0.46% 45,555 $38.0M Add +4.3%
AMGN Amgen Inc. 0.45% 131,650 $37.4M Add +2.7%
NKE Nike Inc. Class B 0.45% 394,647 $37.1M Reduce -26.0%
CMCSA Comcast Corp. Class A 0.43% 834,500 $36.2M Reduce -7.4%
DXCM Dexcom Inc. 0.42% 249,320 $34.6M Reduce -10.6%
EQIX Equinix Inc. 0.42% 41,834 $34.5M Reduce -14.3%
DE Deere & Co. 0.40% 80,177 $32.9M Reduce -12.1%
ELV Elevance Health Inc. 0.39% 63,340 $32.8M Reduce -15.2%
NFLX Netflix Inc. 0.39% 53,810 $32.7M Reduce -21.8%
META Meta Platforms Inc. Class A 0.37% 64,200 $31.2M Add +2.2%
MS Morgan Stanley 0.37% 330,200 $31.1M Reduce -0.8%
PANW Palo Alto Networks Inc. 0.37% 109,210 $31.0M Add +1438.2%
PLD Prologis Inc. 0.37% 237,600 $30.9M Reduce -11.0%
JNJ Johnson & Johnson 0.37% 193,500 $30.6M Add +1.6%
CRWD CrowdStrike Holdings Inc. Class A 0.37% 94,900 $30.4M Reduce -24.0%
UBER Uber Technologies Inc. 0.36% 392,500 $30.2M Add +881.3%
ABNB Airbnb Inc. Class A 0.36% 180,263 $29.7M Add +2.9%
IQV Iqvia Holdings Inc. 0.35% 116,434 $29.4M Reduce -2.2%
CP Canadian Pacific Kansas City 0.35% 332,500 $29.3M New
VZ Verizon Communications Inc. 0.35% 687,300 $28.8M Add +3.9%
ABBV Abbvie Inc. 0.34% 156,300 $28.5M Reduce -9.0%
INSP Inspire Medical Systems Inc. 0.34% 130,000 $27.9M Add +18.2%
WM Waste Management Inc. 0.33% 127,832 $27.2M Reduce -4.5%
CSCO Cisco Systems Inc. 0.30% 508,100 $25.4M Reduce -9.6%
ORCL Oracle Corp. 0.29% 192,310 $24.2M Reduce -7.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.29% 233,800 $23.7M Add +0.8%
SRE Sempra 0.28% 320,300 $23.0M Reduce -9.3%
INTC Intel Corp. 0.28% 518,300 $22.9M Reduce -42.1%
VLO Valero Energy Corp. 0.26% 126,100 $21.5M Reduce -16.2%
LRCX Lam Research Corp. 0.25% 21,400 $20.8M Add +1.7%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.25% 246,100 $20.5M Add +0.2%
OTIS Otis Worldwide Corp. 0.24% 198,753 $19.7M Reduce -5.6%
TSCO Tractor Supply Company 0.24% 75,200 $19.7M Reduce -4.2%
ALL Allstate Corp. 0.23% 111,189 $19.2M Add +0.9%
MET Metlife Inc. 0.22% 252,269 $18.7M Reduce -19.3%
MLM Martin Marietta Materials 0.22% 30,230 $18.6M Reduce -10.3%
NDAQ Nasdaq Inc. 0.22% 291,300 $18.4M Add +1.0%
ROP Roper Technologies Inc. 0.22% 32,600 $18.3M Reduce -24.0%
HUBB Hubbell Inc. 0.22% 43,900 $18.2M Reduce -8.0%
PNC PNC Financial Services Group 0.22% 111,900 $18.1M Add +1.4%
PPG PPG Industries Inc. 0.22% 124,500 $18.0M Reduce -4.2%
NEE Nextera Energy Inc. 0.21% 275,500 $17.6M Reduce -1.1%
CI The Cigna Group 0.21% 48,400 $17.6M Reduce -17.4%
PFE Pfizer Inc. 0.20% 608,665 $16.9M Add +6.8%
UPS United Parcel Service Class B 0.20% 109,300 $16.2M Reduce -9.5%
MCD McDonald's Corp. 0.19% 57,250 $16.1M Reduce -1.4%
GILD Gilead Sciences Inc. 0.19% 220,300 $16.1M Reduce -21.8%
ALV Autoliv Inc. 0.19% 130,850 $15.8M New
FISV Fiserv Inc. 0.19% 98,300 $15.7M Add +1.6%
GPK Graphic Packaging Holding Co. 0.19% 529,000 $15.4M Add +0.8%
CAT Caterpillar Inc. 0.19% 42,050 $15.4M Reduce -0.6%
MPC Marathon Petroleum Corp. 0.18% 76,100 $15.3M Reduce -25.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.17% 74,100 $14.2M No change
ZS Zscaler Inc. 0.17% 73,100 $14.1M Add +25.8%

Show all 625 holdings

Portfolio Sells Q4 2023 → Q1 2024
HDB HDFC Bank Ltd.-ADR Reduce -94.8% 0.03% −0.66
ADBE Adobe Inc. Reduce -10.6% 1.16% −0.52
AAPL Apple Inc. Reduce -3.2% 1.84% −0.49
IEX Idex Corp. Reduce -86.5% 0.07% −0.45
AMT American Tower Corp. Reduce -73.5% 0.11% −0.37
INTC Intel Corp. Reduce -42.1% 0.28% −0.32
NKE Nike Inc. Class B Reduce -26.0% 0.45% −0.32
UNH Unitedhealth Group Inc. Reduce -3.8% 1.50% −0.32
EL Estee Lauder Companies Class A Reduce -93.2% 0.02% −0.25
MPWR Monolithic Power Systems Inc. Reduce -93.2% 0.02% −0.22
AOS Smith (a.o.) Corp. Reduce -85.4% 0.04% −0.21
PYPL PayPal Holdings Inc. Reduce -92.1% 0.02% −0.21
KLAC KLA Corp. Reduce -88.9% 0.03% −0.18
SHLS Shoals Technologies Group -A Sold out 0.00% −0.17
MSCI MSCI Inc. Reduce -9.5% 0.71% −0.16
ABT Abbott Laboratories Reduce -12.0% 0.61% −0.12
ISRG Intuitive Surgical Inc. Reduce -21.0% 0.71% −0.12
GILD Gilead Sciences Inc. Reduce -21.8% 0.19% −0.11
EQIX Equinix Inc. Reduce -14.3% 0.42% −0.10
PLD Prologis Inc. Reduce -11.0% 0.37% −0.10
IDXX Idexx Laboratories Inc. Reduce -1.8% 0.66% −0.10
DDOG Datadog Inc. Class A Reduce -33.5% 0.15% −0.09
NOW ServiceNow Inc. Reduce -6.6% 1.09% −0.09
DG Dollar General Corp. Reduce -91.3% 0.01% −0.09
DHR Danaher Corp. Reduce -4.0% 1.61% −0.09
ROP Roper Technologies Inc. Reduce -24.0% 0.22% −0.09
NEM Newmont Corp. Reduce -37.8% 0.08% −0.09
CMCSA Comcast Corp. Class A Reduce -7.4% 0.43% −0.09
ADM Archer-Daniels-Midland Co. Reduce -84.2% 0.01% −0.08
DE Deere & Co. Reduce -12.1% 0.40% −0.08
PTC PTC Inc. Reduce -13.3% 0.49% −0.08
BMY Bristol-Myers Squibb Co. Reduce -39.3% 0.11% −0.07
MTB M & T Bank Corp. Reduce -89.1% 0.01% −0.07
SRE Sempra Reduce -9.3% 0.28% −0.07
HPE Hewlett Packard Enterprise Reduce -72.8% 0.02% −0.07
TXN Texas Instruments Inc. Reduce -6.5% 0.48% −0.07
IFF Intl Flavors & Fragrances Reduce -46.2% 0.08% −0.07
ELV Elevance Health Inc. Reduce -15.2% 0.39% −0.07
CSCO Cisco Systems Inc. Reduce -9.6% 0.30% −0.07
AKAM Akamai Technologies Inc. Reduce -76.1% 0.02% −0.07
SBUX Starbucks Corp. Reduce -20.6% 0.14% −0.06
ULTA Ulta Beauty Inc. Reduce -59.1% 0.04% −0.06
BIIB Biogen Inc. Reduce -27.3% 0.08% −0.06
NSP Insperity Inc. Reduce -28.1% 0.09% −0.06
OC Owens Corning Reduce -67.7% 0.03% −0.06
UPS United Parcel Service Class B Reduce -9.5% 0.20% −0.05
BAC Bank of America Corp. Reduce -30.2% 0.14% −0.05
VTRS Viatris Inc. Reduce -93.8% 0.00% −0.05
CRWD CrowdStrike Holdings Inc. Class A Reduce -24.0% 0.37% −0.05
SLB SLB Ltd. Reduce -44.8% 0.06% −0.05

Portfolio Buys Q4 2023 → Q1 2024
NVDA Nvidia Corp. Add +2.8% 5.04% +2.10
TSM Taiwan Semiconductor-SP ADR Add +54.0% 1.65% +0.75
MSFT Microsoft Corp. Add +2.6% 11.93% +0.56
ADP Automatic Data Processing Add +86.3% 0.89% +0.40
CP Canadian Pacific Kansas City New 0.35% +0.35
PANW Palo Alto Networks Inc. Add +1438.2% 0.37% +0.35
UBER Uber Technologies Inc. Add +881.3% 0.36% +0.33
INTU Intuit Inc. Add +47.1% 1.02% +0.29
AMAT Applied Materials Inc. Add +30.4% 0.74% +0.25
AMZN Amazon.com Inc. Add +4.0% 2.17% +0.25
SNPS Synopsys Inc. Add +18.8% 1.45% +0.25
AVGO Broadcom Inc. Add +39.0% 0.72% +0.24
LLY Eli Lilly & Co. Add +2.1% 1.23% +0.24
MCO Moody's Corp. Add +42.5% 1.00% +0.24
DIS The Walt Disney Co. Add +14.6% 0.78% +0.23
SPGI S&P Global Inc. Add +35.5% 1.38% +0.23
BKNG Booking Holdings Inc. Add +30.4% 1.26% +0.23
PG The Procter & Gamble Co. Add +10.2% 1.97% +0.20
MRSH Marsh & McLennan Cos Add +19.3% 1.30% +0.20
ALV Autoliv Inc. New 0.19% +0.19
V Visa Inc. Class A Add +17.9% 1.28% +0.17
BSX Boston Scientific Corp. Add +9.1% 0.93% +0.14
EW Edwards Lifesciences Corp. Add +1.3% 1.04% +0.14
NU Nu Holdings Ltd./Cayman Isl-A New 0.14% +0.14
MRK Merck & Co. Inc. Add +10.7% 0.73% +0.13
FTNT Fortinet Inc. Add +893.8% 0.14% +0.13
ZTS Zoetis Inc. Add +59.7% 0.55% +0.11
CRM Salesforce Inc. Add +2.4% 1.46% +0.10
MA Mastercard Inc. Class A Add +2.4% 1.77% +0.09
PGR Progressive Corp. Add +0.4% 0.54% +0.09
META Meta Platforms Inc. Class A Add +2.2% 0.37% +0.08
MU Micron Technology Inc. Add +204.9% 0.11% +0.08
QCOM Qualcomm Inc. Add +95.1% 0.15% +0.08
ONTO Onto Innovation Inc. Add +50.0% 0.16% +0.06
C Citigroup Inc. Add +138.5% 0.09% +0.06
WDC Western Digital Corp. Add +220.2% 0.07% +0.05
EMR Emerson Electric Co. Add +61.0% 0.11% +0.05
ABNB Airbnb Inc. Class A Add +2.9% 0.36% +0.04
INSP Inspire Medical Systems Inc. Add +18.2% 0.34% +0.04
EXPE Expedia Group Inc. Add +816.2% 0.05% +0.04
FNA Paragon 28 Inc. Add +46.7% 0.14% +0.04
LRCX Lam Research Corp. Add +1.7% 0.25% +0.03
NWSA News Corp. Class A Add +1243.8% 0.03% +0.03
ALL Allstate Corp. Add +0.9% 0.23% +0.03
HD Home Depot Inc. Add +2.6% 0.77% +0.03
FISV Fiserv Inc. Add +1.6% 0.19% +0.02
VZ Verizon Communications Inc. Add +3.9% 0.35% +0.02
MOS The Mosaic Co. Add +437.9% 0.02% +0.02
GOOGL Alphabet Inc. Class A Add +1.7% 3.70% +0.02
HCA HCA Healthcare Inc. Add +2.0% 0.13% +0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q1 2024 625$8.3BMSFT, NVDA, GOOGL, AMZN, PG