Exane Asset Management
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 30, 2025), Exane Asset Management reported 26 stock positions worth $171.8 million. Its top holding was UBS Group AG-Reg (UBS) at 21.8% of the portfolio, followed by PNC Financial Services (PNC, 16.5%) and Coca-Cola Europacific Partne (CCEP, 11.4%). Compared with Q4 2024, it opened 8 new positions, sold out of 9, added to 9 and reduced 9. The biggest buy was a new position in JPMorgan Chase (JPM) and the biggest sale Ferrovial (FER, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0001666256
- Portfolio Value
- $171.8M (Q1 2025)
- SEC Filing
- 0001666256-25-000004 ↗ filed Apr 30, 2025
Holdings Value
Holdings 26 stocks · $171.8M
| UBS UBS Group AG-Reg | 21.79% | 1,290,435 | $37.4M | Add +4.0% |
| PNC PNC Financial Services Group | 16.55% | 149,783 | $28.4M | Add +32.9% |
| CCEP Coca-Cola Europacific Partne | 11.42% | 225,655 | $19.6M | Add +10.6% |
| CRH CRH PLC | 9.54% | 226,087 | $16.4M | Add +22.2% |
| STLA Stellantis NV | 8.38% | 1,297,771 | $14.4M | Add +22.9% |
| JPM JPMorgan Chase & Co. | 7.59% | 49,243 | $13.0M | New |
| SW Smurfit Westrock PLC | 6.18% | 218,289 | $10.6M | Add +118.7% |
| T AT&T Inc. | 4.96% | 278,956 | $8.5M | New |
| MSFT Microsoft Corp. | 3.46% | 14,654 | $5.9M | New |
| SPOT Spotify Technology SA | 2.89% | 8,356 | $5.0M | Reduce -9.7% |
| ESTC Elastic NV | 2.08% | 37,194 | $3.6M | Add +34.3% |
| DDOG Datadog Inc. Class A | 2.05% | 32,953 | $3.5M | New |
| ORCL Oracle Corp. | 1.44% | 16,423 | $2.5M | Add +47.3% |
| NOW ServiceNow Inc. | 0.73% | 1,464 | $1.3M | New |
| S Sentinelone Inc. Class A | 0.26% | 23,088 | $453K | New |
| FER Ferrovial NV | 0.21% | 7,948 | $353K | Reduce -97.7% |
| LIN Linde PLC | 0.17% | 587 | $295K | New |
| RACE Ferrari NV | 0.10% | 413 | $175K | New |
| DB Deutsche Bank AG-Registered | 0.10% | 6,974 | $164K | Reduce -41.7% |
| LOGI Logitech International-Reg | 0.05% | 1,066 | $85K | Add +162.6% |
| APD Air Products & Chemicals Inc. | 0.02% | 96 | $31K | Reduce -99.7% |
| TMUS T-Mobile US Inc. | 0.01% | 50 | $14K | Reduce -99.9% |
| OMC Omnicom Group | 0.01% | 133 | $12K | Reduce -99.8% |
| EW Edwards Lifesciences Corp. | 0.00% | 100 | $8K | Reduce -98.7% |
| ZS Zscaler Inc. | 0.00% | 35 | $8K | Reduce -99.8% |
| ALC Alcon Inc. filed as ALCON AG | 0.00% | 1 | $90 | Reduce -100.0% |
Portfolio Sells Q4 2024 → Q1 2025
| FER Ferrovial NV | Reduce -97.7% | 0.21% | −7.97 |
| BAC Bank of America Corp. | Sold out | 0.00% | −6.09 |
| APD Air Products & Chemicals Inc. | Reduce -99.7% | 0.02% | −4.99 |
| TMUS T-Mobile US Inc. | Reduce -99.9% | 0.01% | −4.92 |
| OMC Omnicom Group | Reduce -99.8% | 0.01% | −3.29 |
| ZS Zscaler Inc. | Reduce -99.8% | 0.00% | −2.21 |
| LEGN Legend Biotech Corp.-ADR | Sold out | 0.00% | −1.30 |
| ALC Alcon Inc. | Reduce -100.0% | 0.00% | −1.11 |
| KLAC KLA Corp. | Sold out | 0.00% | −0.76 |
| EW Edwards Lifesciences Corp. | Reduce -98.7% | 0.00% | −0.33 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −0.30 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.30 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.24 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.06 |
| DB Deutsche Bank AG-Registered | Reduce -41.7% | 0.10% | −0.02 |
| CRTO Criteo SA-Spon | Sold out | 0.00% | −0.00 |
| QGEN Qiagen NV | Sold out | 0.00% | 0.00 |
| SPOT Spotify Technology SA | Reduce -9.7% | 2.89% | +0.45 |
Portfolio Buys Q4 2024 → Q1 2025
| JPM JPMorgan Chase & Co. | New | 7.59% | +7.59 |
| T AT&T Inc. | New | 4.96% | +4.96 |
| PNC PNC Financial Services Group | Add +32.9% | 16.55% | +3.74 |
| SW Smurfit Westrock PLC | Add +118.7% | 6.18% | +3.64 |
| MSFT Microsoft Corp. | New | 3.46% | +3.46 |
| CCEP Coca-Cola Europacific Partne | Add +10.6% | 11.42% | +2.40 |
| DDOG Datadog Inc. Class A | New | 2.05% | +2.05 |
| UBS UBS Group AG-Reg | Add +4.0% | 21.79% | +1.51 |
| CRH CRH PLC | Add +22.2% | 9.54% | +1.45 |
| NOW ServiceNow Inc. | New | 0.73% | +0.73 |
| STLA Stellantis NV | Add +22.9% | 8.38% | +0.51 |
| ESTC Elastic NV | Add +34.3% | 2.08% | +0.47 |
| ORCL Oracle Corp. | Add +47.3% | 1.44% | +0.35 |
| S Sentinelone Inc. Class A | New | 0.26% | +0.26 |
| LIN Linde PLC | New | 0.17% | +0.17 |
| RACE Ferrari NV | New | 0.10% | +0.10 |
| LOGI Logitech International-Reg | Add +162.6% | 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 |