Exane Asset Management
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 28, 2025), Exane Asset Management reported 27 stock positions worth $175.7 million. Its top holding was UBS Group AG-Reg (UBS) at 20.3% of the portfolio, followed by PNC Financial Services (PNC, 12.8%) and Coca-Cola Europacific Partne (CCEP, 9.0%). Compared with Q3 2024, it opened 16 new positions, sold out of 7, added to 6 and reduced 5. The biggest buy was a new position in PNC Financial Services (PNC) and the biggest sale Bank of America (BAC, shares −45%).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0001666256
- Portfolio Value
- $175.7M (Q4 2024)
- SEC Filing
- 0001666256-25-000002 ↗ filed Jan 28, 2025
Holdings Value
Holdings 27 stocks · $175.7M
| UBS UBS Group AG-Reg | 20.28% | 1,241,028 | $35.6M | Add +21.7% |
| PNC PNC Financial Services Group | 12.81% | 112,673 | $22.5M | New |
| CCEP Coca-Cola Europacific Partne | 9.02% | 204,120 | $15.9M | Add +8.1% |
| FER Ferrovial NV | 8.17% | 341,556 | $14.4M | New |
| CRH CRH PLC | 8.09% | 185,074 | $14.2M | Add +73.8% |
| STLA Stellantis NV | 7.87% | 1,056,129 | $13.8M | Add +4.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 6.09% | 235,290 | $10.7M | Reduce -45.0% |
| APD Air Products & Chemicals Inc. | 5.01% | 29,290 | $8.8M | New |
| TMUS T-Mobile US Inc. | 4.93% | 37,877 | $8.7M | Reduce -20.4% |
| OMC Omnicom Group | 3.30% | 65,002 | $5.8M | New |
| SW Smurfit Westrock PLC | 2.54% | 99,802 | $4.5M | New |
| SPOT Spotify Technology SA | 2.44% | 9,256 | $4.3M | New |
| ZS Zscaler Inc. | 2.21% | 20,820 | $3.9M | New |
| ESTC Elastic NV | 1.62% | 27,704 | $2.8M | Add +97.9% |
| LEGN Legend Biotech Corp.-ADR | 1.30% | 67,782 | $2.3M | New |
| ALC Alcon Inc. filed as ALCON AG | 1.11% | 24,467 | $1.9M | Reduce -20.7% |
| ORCL Oracle Corp. | 1.09% | 11,148 | $1.9M | Add +22.6% |
| KLAC KLA Corp. | 0.76% | 2,048 | $1.3M | New |
| EW Edwards Lifesciences Corp. | 0.33% | 7,629 | $585K | New |
| CFLT Confluent Inc. Class A | 0.30% | 18,269 | $529K | New |
| CRWD CrowdStrike Holdings Inc. Class A | 0.30% | 1,491 | $528K | Reduce -57.4% |
| CRM Salesforce Inc. | 0.24% | 1,205 | $417K | New |
| DB Deutsche Bank AG-Registered | 0.12% | 11,958 | $206K | New |
| WFC Wells Fargo & Co. | 0.06% | 1,332 | $97K | New |
| LOGI Logitech International-Reg | 0.02% | 406 | $32K | New |
| CRTO Criteo SA-Spon | 0.00% | 35 | $1K | New |
| QGEN Qiagen NV | 0.00% | 1 | $45 | Reduce -100.0% |
Portfolio Sells Q3 2024 → Q4 2024
| BAC Bank of America Corp. | Reduce -45.0% | 6.09% | −7.50 |
| QGEN Qiagen NV | Reduce -100.0% | 0.00% | −6.26 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −4.41 |
| IFF Intl Flavors & Fragrances | Sold out | 0.00% | −4.06 |
| TMUS T-Mobile US Inc. | Reduce -20.4% | 4.93% | −2.93 |
| ALC Alcon Inc. | Reduce -20.7% | 1.11% | −1.35 |
| PCOR Procore Technologies Inc. | Sold out | 0.00% | −0.87 |
| BIIB Biogen Inc. | Sold out | 0.00% | −0.78 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -57.4% | 0.30% | −0.48 |
| APGE Apogee Therapeutics Inc. | Sold out | 0.00% | −0.47 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.35 |
| C Citigroup Inc. | Sold out | 0.00% | −0.03 |
Portfolio Buys Q3 2024 → Q4 2024
| PNC PNC Financial Services Group | New | 12.81% | +12.81 |
| FER Ferrovial NV | New | 8.17% | +8.17 |
| APD Air Products & Chemicals Inc. | New | 5.01% | +5.01 |
| OMC Omnicom Group | New | 3.30% | +3.30 |
| SW Smurfit Westrock PLC | New | 2.54% | +2.54 |
| SPOT Spotify Technology SA | New | 2.44% | +2.44 |
| ZS Zscaler Inc. | New | 2.21% | +2.21 |
| LEGN Legend Biotech Corp.-ADR | New | 1.30% | +1.30 |
| KLAC KLA Corp. | New | 0.76% | +0.76 |
| ESTC Elastic NV | Add +97.9% | 1.62% | +0.76 |
| EW Edwards Lifesciences Corp. | New | 0.33% | +0.33 |
| CRH CRH PLC | Add +73.8% | 8.09% | +0.31 |
| CFLT Confluent Inc. Class A | New | 0.30% | +0.30 |
| CRM Salesforce Inc. | New | 0.24% | +0.24 |
| DB Deutsche Bank AG-Registered | New | 0.12% | +0.12 |
| WFC Wells Fargo & Co. | New | 0.06% | +0.06 |
| LOGI Logitech International-Reg | New | 0.02% | +0.02 |
| CRTO Criteo SA-Spon | New | 0.00% | +0.00 |
| ORCL Oracle Corp. | Add +22.6% | 1.09% | −0.15 |
| CCEP Coca-Cola Europacific Partne | Add +8.1% | 9.02% | −2.86 |
| STLA Stellantis NV | Add +4.8% | 7.87% | −3.27 |
| UBS UBS Group AG-Reg | Add +21.7% | 20.28% | −4.88 |
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 |