Exane Asset Management
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 17, 2025), Exane Asset Management reported 26 stock positions worth $256.2 million. Its top holding was CRH (CRH) at 19.6% of the portfolio, followed by UBS Group AG-Reg (UBS, 12.8%) and Bank of America (BAC, 11.7%). Compared with Q1 2025, it opened 7 new positions, sold out of 7, added to 8 and reduced 11. The biggest buy was a new position in Bank of America (BAC) and the biggest sale UBS Group AG-Reg (UBS, shares −19%).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0001666256
- Portfolio Value
- $256.2M (Q2 2025)
- SEC Filing
- 0001666256-25-000006 ↗ filed Jul 17, 2025
Holdings Value
Holdings 26 stocks · $256.2M
| CRH CRH PLC | 19.62% | 547,596 | $50.2M | Add +142.2% |
| UBS UBS Group AG-Reg | 12.78% | 1,038,991 | $32.7M | Reduce -19.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 11.70% | 539,720 | $30.0M | New |
| PNC PNC Financial Services Group | 11.65% | 136,375 | $29.8M | Reduce -8.9% |
| CCEP Coca-Cola Europacific Partne | 9.47% | 264,247 | $24.2M | Add +17.1% |
| TMUS T-Mobile US Inc. | 7.92% | 72,560 | $20.3M | Add +145020.0% |
| SW Smurfit Westrock PLC | 5.04% | 255,160 | $12.9M | Add +16.9% |
| RACE Ferrari NV | 4.18% | 21,935 | $10.7M | Add +5211.1% |
| ALC Alcon Inc. filed as ALCON AG | 3.96% | 123,199 | $10.1M | Add +12319800.0% |
| SPOT Spotify Technology SA | 3.75% | 10,656 | $9.6M | Add +27.5% |
| STLA Stellantis NV | 2.33% | 598,225 | $6.0M | Reduce -53.9% |
| ABBV Abbvie Inc. | 1.73% | 20,295 | $4.4M | New |
| MSFT Microsoft Corp. | 1.61% | 7,049 | $4.1M | Reduce -51.9% |
| LLY Eli Lilly & Co. | 1.57% | 4,394 | $4.0M | New |
| DDOG Datadog Inc. Class A | 0.80% | 12,979 | $2.0M | Reduce -60.6% |
| ORCL Oracle Corp. | 0.41% | 4,130 | $1.1M | Reduce -74.8% |
| ESTC Elastic NV | 0.38% | 9,914 | $981K | Reduce -73.3% |
| PCOR Procore Technologies Inc. | 0.33% | 10,664 | $856K | New |
| SNOW Snowflake Inc. | 0.27% | 2,613 | $686K | New |
| MS Morgan Stanley | 0.21% | 3,291 | $544K | New |
| NOW ServiceNow Inc. | 0.18% | 372 | $449K | Reduce -74.6% |
| FER Ferrovial NV | 0.08% | 4,007 | $213K | Reduce -49.6% |
| LOGI Logitech International-Reg | 0.03% | 782 | $66K | Reduce -26.6% |
| ZS Zscaler Inc. | 0.01% | 100 | $37K | Add +185.7% |
| APD Air Products & Chemicals Inc. | 0.00% | 8 | $3K | Reduce -91.7% |
| CFLT Confluent Inc. Class A | 0.00% | 77 | $2K | New |
Portfolio Sells Q1 2025 → Q2 2025
| UBS UBS Group AG-Reg | Reduce -19.5% | 12.78% | −9.02 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −7.59 |
| STLA Stellantis NV | Reduce -53.9% | 2.33% | −6.05 |
| T AT&T Inc. | Sold out | 0.00% | −4.96 |
| PNC PNC Financial Services Group | Reduce -8.9% | 11.65% | −4.90 |
| MSFT Microsoft Corp. | Reduce -51.9% | 1.61% | −1.85 |
| ESTC Elastic NV | Reduce -73.3% | 0.38% | −1.70 |
| DDOG Datadog Inc. Class A | Reduce -60.6% | 0.80% | −1.26 |
| ORCL Oracle Corp. | Reduce -74.8% | 0.41% | −1.03 |
| NOW ServiceNow Inc. | Reduce -74.6% | 0.18% | −0.56 |
| S Sentinelone Inc. Class A | Sold out | 0.00% | −0.26 |
| LIN Linde PLC | Sold out | 0.00% | −0.17 |
| FER Ferrovial NV | Reduce -49.6% | 0.08% | −0.12 |
| DB Deutsche Bank AG-Registered | Sold out | 0.00% | −0.10 |
| LOGI Logitech International-Reg | Reduce -26.6% | 0.03% | −0.02 |
| APD Air Products & Chemicals Inc. | Reduce -91.7% | 0.00% | −0.02 |
| OMC Omnicom Group | Sold out | 0.00% | −0.01 |
| EW Edwards Lifesciences Corp. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| BAC Bank of America Corp. | New | 11.70% | +11.70 |
| CRH CRH PLC | Add +142.2% | 19.62% | +10.08 |
| TMUS T-Mobile US Inc. | Add +145020.0% | 7.92% | +7.91 |
| RACE Ferrari NV | Add +5211.1% | 4.18% | +4.08 |
| ALC Alcon Inc. | Add +12319800.0% | 3.96% | +3.96 |
| ABBV Abbvie Inc. | New | 1.73% | +1.73 |
| LLY Eli Lilly & Co. | New | 1.57% | +1.57 |
| SPOT Spotify Technology SA | Add +27.5% | 3.75% | +0.86 |
| PCOR Procore Technologies Inc. | New | 0.33% | +0.33 |
| SNOW Snowflake Inc. | New | 0.27% | +0.27 |
| MS Morgan Stanley | New | 0.21% | +0.21 |
| ZS Zscaler Inc. | Add +185.7% | 0.01% | +0.01 |
| CFLT Confluent Inc. Class A | New | 0.00% | +0.00 |
| SW Smurfit Westrock PLC | Add +16.9% | 5.04% | −1.14 |
| CCEP Coca-Cola Europacific Partne | Add +17.1% | 9.47% | −1.95 |
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 |