Exane Asset Management
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 29, 2026), Exane Asset Management reported 32 stock positions worth $489.2 million. Its top holding was UBS Group AG-Reg (UBS) at 13.6% of the portfolio, followed by Smurfit Westrock (SW, 7.8%) and Astrazeneca (AZN, 7.7%). Compared with Q4 2025, it opened 12 new positions, sold out of 14, added to 9 and reduced 11. The biggest buy was a new position in Astrazeneca (AZN) and the biggest sale CRH (CRH, shares −71%).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0001666256
- Portfolio Value
- $489.2M (Q1 2026)
- SEC Filing
- 0001666256-26-000002 ↗ filed Apr 29, 2026
Holdings Value
Holdings 32 stocks · $489.2M
| UBS UBS Group AG-Reg | 13.62% | 1,883,385 | $66.7M | Add +183.0% |
| SW Smurfit Westrock PLC | 7.85% | 836,638 | $38.4M | Add +48.1% |
| AZN Astrazeneca PLC | 7.69% | 222,469 | $37.6M | New |
| FER Ferrovial NV | 7.19% | 551,407 | $35.2M | Reduce -14.2% |
| META Meta Platforms Inc. Class A | 6.92% | 51,376 | $33.9M | New |
| CRH CRH PLC | 6.90% | 279,133 | $33.8M | Reduce -70.7% |
| AMZN Amazon.com Inc. | 6.38% | 130,181 | $31.2M | Add +70.9% |
| LIN Linde PLC | 5.99% | 51,358 | $29.3M | Reduce -1.3% |
| SPOT Spotify Technology SA | 5.81% | 50,938 | $28.4M | Add +364.9% |
| AMRZ Amrize Ltd. | 5.41% | 527,515 | $26.4M | New |
| DASH DoorDash Inc. Class A | 4.54% | 128,520 | $22.2M | Add +222.6% |
| NFLX Netflix Inc. | 3.63% | 160,313 | $17.8M | Add +4.7% |
| QXO Qxo Inc. | 2.17% | 475,031 | $10.6M | New |
| DDOG Datadog Inc. Class A | 2.07% | 74,377 | $10.1M | New |
| SHOP Shopify Inc. Class A | 2.06% | 73,743 | $10.1M | New |
| STLA Stellantis NV | 2.01% | 1,408,564 | $9.8M | Add +7.4% |
| INTU Intuit Inc. | 1.67% | 16,374 | $8.2M | Add +1746.0% |
| BSX Boston Scientific Corp. | 1.32% | 89,197 | $6.4M | New |
| BIRK Birkenstock Holding PLC | 1.29% | 153,015 | $6.3M | Reduce -3.8% |
| MDB Mongodb Inc. | 1.27% | 22,041 | $6.2M | Reduce -18.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.85% | 9,285 | $4.2M | New |
| SNOW Snowflake Inc. | 0.75% | 21,097 | $3.7M | Reduce -67.2% |
| ACN Accenture PLC Class A | 0.71% | 15,252 | $3.5M | New |
| HUBS HubSpot Inc. | 0.70% | 12,144 | $3.4M | New |
| TEAM Atlassian Corp. Class A | 0.43% | 26,943 | $2.1M | Reduce -14.1% |
| NOW ServiceNow Inc. | 0.39% | 15,947 | $1.9M | Reduce -58.0% |
| TTE Totalenergies SE | 0.27% | 14,122 | $1.3M | Add +242.2% |
| GWRE Guidewire Software Inc. | 0.04% | 1,038 | $179K | New |
| LOGI Logitech International-Reg | 0.02% | 1,159 | $97K | Reduce -66.7% |
| ALC Alcon Inc. filed as ALCON AG | 0.02% | 1,288 | $88K | New |
| BKNG Booking Holdings Inc. | 0.01% | 10 | $48K | Reduce -99.3% |
| PCOR Procore Technologies Inc. | 0.00% | 59 | $4K | Reduce -99.3% |
Portfolio Sells Q4 2025 → Q1 2026
| CRH CRH PLC | Reduce -70.7% | 6.90% | −17.89 |
| BAC Bank of America Corp. | Sold out | 0.00% | −11.28 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −3.74 |
| SNOW Snowflake Inc. | Reduce -67.2% | 0.75% | −2.74 |
| CRM Salesforce Inc. | Sold out | 0.00% | −2.17 |
| BKNG Booking Holdings Inc. | Reduce -99.3% | 0.01% | −1.82 |
| FER Ferrovial NV | Reduce -14.2% | 7.19% | −1.59 |
| MDB Mongodb Inc. | Reduce -18.0% | 1.27% | −1.52 |
| TWLO Twilio Inc. Class A | Sold out | 0.00% | −1.22 |
| NOW ServiceNow Inc. | Reduce -58.0% | 0.39% | −1.05 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −1.00 |
| RACE Ferrari NV | Sold out | 0.00% | −0.95 |
| TEAM Atlassian Corp. Class A | Reduce -14.1% | 0.43% | −0.82 |
| DT Dynatrace Inc. | Sold out | 0.00% | −0.77 |
| ESTC Elastic NV | Sold out | 0.00% | −0.37 |
| BIRK Birkenstock Holding PLC | Reduce -3.8% | 1.29% | −0.32 |
| CCC CCC Intelligent Solutions Ho | Sold out | 0.00% | −0.28 |
| PCOR Procore Technologies Inc. | Reduce -99.3% | 0.00% | −0.15 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −0.10 |
| LOGI Logitech International-Reg | Reduce -66.7% | 0.02% | −0.05 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.01 |
| PNC PNC Financial Services Group | Sold out | 0.00% | −0.00 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.00 |
| APGE Apogee Therapeutics Inc. | Sold out | 0.00% | −0.00 |
| LIN Linde PLC | Reduce -1.3% | 5.99% | +0.51 |
Portfolio Buys Q4 2025 → Q1 2026
| AZN Astrazeneca PLC | New | 7.69% | +7.69 |
| UBS UBS Group AG-Reg | Add +183.0% | 13.62% | +7.55 |
| META Meta Platforms Inc. Class A | New | 6.92% | +6.92 |
| AMRZ Amrize Ltd. | New | 5.41% | +5.41 |
| SPOT Spotify Technology SA | Add +364.9% | 5.81% | +4.24 |
| SW Smurfit Westrock PLC | Add +48.1% | 7.85% | +2.45 |
| DASH DoorDash Inc. Class A | Add +222.6% | 4.54% | +2.31 |
| QXO Qxo Inc. | New | 2.17% | +2.17 |
| DDOG Datadog Inc. Class A | New | 2.07% | +2.07 |
| SHOP Shopify Inc. Class A | New | 2.06% | +2.06 |
| AMZN Amazon.com Inc. | Add +70.9% | 6.38% | +2.04 |
| INTU Intuit Inc. | Add +1746.0% | 1.67% | +1.52 |
| BSX Boston Scientific Corp. | New | 1.32% | +1.32 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.85% | +0.85 |
| ACN Accenture PLC Class A | New | 0.71% | +0.71 |
| HUBS HubSpot Inc. | New | 0.70% | +0.70 |
| TTE Totalenergies SE | Add +242.2% | 0.27% | +0.21 |
| NFLX Netflix Inc. | Add +4.7% | 3.63% | +0.08 |
| GWRE Guidewire Software Inc. | New | 0.04% | +0.04 |
| ALC Alcon Inc. | New | 0.02% | +0.02 |
| STLA Stellantis NV | Add +7.4% | 2.01% | −1.03 |
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 |