Exane Asset Management
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 17, 2026), Exane Asset Management reported 28 stock positions worth $276.7 million. Its top holding was Smurfit Westrock (SW) at 10.7% of the portfolio, followed by Ferrovial (FER, 9.1%) and Spotify Technology (SPOT, 7.9%). Compared with Q1 2026, it opened 8 new positions, sold out of 12, added to 4 and reduced 16. The biggest buy was a new position in Deutsche Bank AG-Registered (DB) and the biggest sale UBS Group AG-Reg (UBS, shares −90%).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0001666256
- Portfolio Value
- $276.7M (Q2 2026)
- SEC Filing
- 0001666256-26-000003 ↗ filed Jul 17, 2026
Holdings Value
Holdings 28 stocks · $276.7M
| SW Smurfit Westrock PLC | 10.68% | 558,692 | $29.5M | Reduce -33.2% |
| FER Ferrovial NV | 9.12% | 368,047 | $25.2M | Reduce -33.3% |
| SPOT Spotify Technology SA | 7.87% | 41,511 | $21.8M | Reduce -18.5% |
| DB Deutsche Bank AG-Registered | 6.92% | 565,061 | $19.1M | New |
| AZN Astrazeneca PLC | 6.39% | 109,781 | $17.7M | Reduce -50.6% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 6.07% | 185,402 | $16.8M | New |
| SNOW Snowflake Inc. | 5.42% | 51,595 | $15.0M | Add +144.6% |
| DDOG Datadog Inc. Class A | 4.38% | 40,740 | $12.1M | Reduce -45.2% |
| META Meta Platforms Inc. Class A | 4.13% | 17,759 | $11.4M | Reduce -65.4% |
| PANW Palo Alto Networks Inc. | 3.86% | 27,400 | $10.7M | New |
| DASH DoorDash Inc. Class A | 3.85% | 50,522 | $10.7M | Reduce -60.7% |
| AMZN Amazon.com Inc. | 3.77% | 38,276 | $10.4M | Reduce -70.6% |
| SHOP Shopify Inc. Class A | 3.69% | 78,325 | $10.2M | Add +6.2% |
| FIG Figma Inc. Class A | 3.22% | 430,581 | $8.9M | New |
| CRH CRH PLC | 3.05% | 69,018 | $8.4M | Reduce -75.3% |
| UBS UBS Group AG-Reg | 2.99% | 180,748 | $8.3M | Reduce -90.4% |
| TTWO Take-Two Interactive Softwre | 2.97% | 28,748 | $8.2M | New |
| ABNB Airbnb Inc. Class A | 2.73% | 46,200 | $7.6M | New |
| AMRZ Amrize Ltd. | 2.29% | 129,703 | $6.3M | Reduce -75.4% |
| ZS Zscaler Inc. | 1.69% | 28,963 | $4.7M | New |
| CRWD CrowdStrike Holdings Inc. Class A | 1.64% | 5,211 | $4.5M | Reduce -43.9% |
| GWRE Guidewire Software Inc. | 1.54% | 30,390 | $4.3M | Add +2827.8% |
| CRM Salesforce Inc. | 1.54% | 23,841 | $4.3M | New |
| TTE Totalenergies SE | 0.06% | 2,115 | $164K | Reduce -85.0% |
| LOGI Logitech International-Reg | 0.05% | 1,441 | $125K | Add +24.3% |
| ACN Accenture PLC Class A | 0.04% | 736 | $105K | Reduce -95.2% |
| ALC Alcon Inc. filed as ALCON AG | 0.02% | 919 | $57K | Reduce -28.6% |
| INTU Intuit Inc. | 0.01% | 46 | $14K | Reduce -99.7% |
Portfolio Sells Q1 2026 → Q2 2026
| UBS UBS Group AG-Reg | Reduce -90.4% | 2.99% | −10.63 |
| LIN Linde PLC | Sold out | 0.00% | −5.99 |
| CRH CRH PLC | Reduce -75.3% | 3.05% | −3.85 |
| NFLX Netflix Inc. | Sold out | 0.00% | −3.63 |
| AMRZ Amrize Ltd. | Reduce -75.4% | 2.29% | −3.11 |
| META Meta Platforms Inc. Class A | Reduce -65.4% | 4.13% | −2.79 |
| AMZN Amazon.com Inc. | Reduce -70.6% | 3.77% | −2.61 |
| QXO Qxo Inc. | Sold out | 0.00% | −2.17 |
| STLA Stellantis NV | Sold out | 0.00% | −2.01 |
| INTU Intuit Inc. | Reduce -99.7% | 0.01% | −1.66 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −1.32 |
| AZN Astrazeneca PLC | Reduce -50.6% | 6.39% | −1.30 |
| BIRK Birkenstock Holding PLC | Sold out | 0.00% | −1.29 |
| MDB Mongodb Inc. | Sold out | 0.00% | −1.27 |
| HUBS HubSpot Inc. | Sold out | 0.00% | −0.70 |
| DASH DoorDash Inc. Class A | Reduce -60.7% | 3.85% | −0.69 |
| ACN Accenture PLC Class A | Reduce -95.2% | 0.04% | −0.67 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −0.43 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.39 |
| TTE Totalenergies SE | Reduce -85.0% | 0.06% | −0.21 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.01 |
| PCOR Procore Technologies Inc. | Sold out | 0.00% | −0.00 |
| ALC Alcon Inc. | Reduce -28.6% | 0.02% | +0.00 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -43.9% | 1.64% | +0.79 |
| FER Ferrovial NV | Reduce -33.3% | 9.12% | +1.93 |
| SPOT Spotify Technology SA | Reduce -18.5% | 7.87% | +2.06 |
| DDOG Datadog Inc. Class A | Reduce -45.2% | 4.38% | +2.31 |
| SW Smurfit Westrock PLC | Reduce -33.2% | 10.68% | +2.83 |
Portfolio Buys Q1 2026 → Q2 2026
| DB Deutsche Bank AG-Registered | New | 6.92% | +6.92 |
| IFF Intl Flavors & Fragrances | New | 6.07% | +6.07 |
| SNOW Snowflake Inc. | Add +144.6% | 5.42% | +4.68 |
| PANW Palo Alto Networks Inc. | New | 3.86% | +3.86 |
| FIG Figma Inc. Class A | New | 3.22% | +3.22 |
| TTWO Take-Two Interactive Softwre | New | 2.97% | +2.97 |
| ABNB Airbnb Inc. Class A | New | 2.73% | +2.73 |
| ZS Zscaler Inc. | New | 1.69% | +1.69 |
| SHOP Shopify Inc. Class A | Add +6.2% | 3.69% | +1.64 |
| CRM Salesforce Inc. | New | 1.54% | +1.54 |
| GWRE Guidewire Software Inc. | Add +2827.8% | 1.54% | +1.51 |
| LOGI Logitech International-Reg | Add +24.3% | 0.05% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 28 | $276.7M | SW, FER, SPOT, DB, AZN |
| Q1 2026 | 32 | $489.2M | UBS, SW, AZN, FER, META |
| Q4 2025 | 34 | $475.3M | CRH, BAC, FER, UBS, LIN |
| Q3 2025 | 34 | $296.7M | CRH, FER, JPM, PNC, UBS |
| Q2 2025 | 26 | $256.2M | CRH, UBS, BAC, PNC, CCEP |
| Q1 2025Amended | 26 | $171.8M | UBS, PNC, CCEP, CRH, STLA |
| Q4 2024 | 27 | $175.7M | UBS, PNC, CCEP, FER, CRH |
| Q3 2024 | 18 | $124.9M | UBS, BAC, CCEP, STLA, TMUS |
| Q2 2024 | 18 | $142.6M | STLA, FER, PNC, CRH, CCEP |
| Q1 2024 | 13 | $129.6M | STLA, TMUS, CRH, PNC, JPM |