Groupama Asset Managment

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Groupama Asset Managment reported 341 stock positions worth $5.9 billion. Its top holding was Microsoft (MSFT) at 9.1% of the portfolio, followed by Nvidia (NVDA, 6.4%) and Broadcom (AVGO, 5.5%). Compared with Q1 2025, it opened 39 new positions, sold out of 44, added to 156 and reduced 119. The biggest buy was a new position in Broadcom (AVGO) and the biggest sale an exit from RTX (RTX).

Most Recent 13F
Q2 2026
Location
PARIS, I0
CIK
0001055969
Portfolio Value
$5.9B (Q2 2025)
SEC Filing
0001752724-25-186512 ↗ filed Aug 13, 2025

Holdings Value

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $5.5B Q1 2024 Q2 2024: $7.3B Q2 2024 Q3 2024: $3.8B Q3 2024 Q4 2024: $4.8B Q4 2024 Q1 2025: $4.9B Q1 2025 Q2 2025: $5.9B $5.9B Q2 2025 Q3 2025: $6.7B Q3 2025 Q4 2025: $6.8B Q4 2025 Q1 2026: $6.8B Q1 2026 Q2 2026: $7.9B Q2 2026

Holdings 341 stocks · $5.9B
MSFT Microsoft Corp. 9.10% 1,088,489 $539.8M Add +6.4%
NVDA Nvidia Corp. 6.36% 2,391,346 $377.2M Add +2.9%
AVGO Broadcom Inc. 5.53% 1,216,448 $327.7M New
AAPL Apple Inc. 4.07% 1,201,432 $241.6M Add +3.3%
AMZN Amazon.com Inc. 3.78% 1,004,269 $224.2M Add +5.3%
JPM JPMorgan Chase & Co. 3.62% 748,092 $214.8M Add +3.6%
MSI Motorola Solutions Inc. 3.02% 427,433 $178.9M Add +7.6%
AEM Agnico Eagle Mines Ltd. 2.91% 1,483,220 $172.3M Add +16.0%
MU Micron Technology Inc. 2.83% 1,345,688 $167.9M Add +5.3%
BSX Boston Scientific Corp. 2.53% 1,409,776 $150.2M Add +8.4%
GOOGL Alphabet Inc. Class A 2.50% 830,321 $148.2M Add +0.9%
META Meta Platforms Inc. Class A 2.46% 199,079 $146.1M Add +3.4%
PH Parker Hannifin Corp. 1.79% 151,253 $106.0M Add +2.3%
WMT Walmart Inc. 1.71% 1,041,581 $101.3M Add +16.9%
TECK Teck Resources Ltd.-CLS B 1.48% 2,160,886 $88.0M Add +15.4%
TMUS T-Mobile US Inc. 1.44% 362,433 $85.3M Add +9.2%
XPO Xpo Inc. 1.44% 668,627 $85.2M Add +52.9%
LLY Eli Lilly & Co. 1.37% 104,618 $81.1M Add +3.4%
PANW Palo Alto Networks Inc. 1.27% 376,875 $75.6M Add +4.8%
CYBR Cyberark Software Ltd./Israel 1.19% 177,313 $70.6M Add +6.1%
BKR Baker Hughes Co. 1.09% 1,698,140 $64.6M Add +18.6%
TMO Thermo Fisher Scientific Inc. 1.06% 154,162 $62.9M Add +5.7%
CME Cme Group Inc. 1.06% 227,813 $62.6M Add +59.2%
MRK Merck & Co. Inc. 1.04% 783,064 $61.9M Reduce -9.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.03% 493,297 $60.9M Add +4.2%
URI United Rentals Inc. 1.01% 79,284 $59.7M Add +14.9%
GEV GE Vernova Inc. 0.95% 108,627 $56.5M Add +3.0%
PG The Procter & Gamble Co. 0.90% 334,802 $53.5M Add +8.0%
MET Metlife Inc. 0.89% 659,175 $53.0M Add +4.2%
PNC PNC Financial Services Group 0.80% 255,679 $47.5M Reduce -42.6%
TSLA Tesla Inc. 0.80% 145,788 $47.2M Reduce -14.4%
NEE Nextera Energy Inc. 0.79% 658,388 $46.7M Add +0.9%
ETR Entergy Corp. 0.76% 543,255 $44.8M Add +8.1%
FNV Franco-Nevada Corp. 0.75% 275,481 $44.4M Add +25.0%
HON Honeywell International Inc. 0.70% 182,295 $41.7M Add +3.8%
MS Morgan Stanley 0.67% 282,288 $39.7M Add +3.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.66% 318,117 $38.9M Add +5.3%
SRE Sempra 0.65% 513,716 $38.7M Add +6.4%
C Citigroup Inc. 0.64% 448,874 $37.9M Add +7.7%
REGN Regeneron Pharmaceuticals 0.60% 67,870 $35.4M Reduce -25.1%
ISRG Intuitive Surgical Inc. 0.59% 65,796 $35.1M Add +11.6%
HUBS HubSpot Inc. 0.57% 60,901 $33.5M Add +86.9%
HAL Halliburton Co. 0.55% 1,572,863 $32.4M Add +12.8%
RACE Ferrari NV 0.52% 73,800 $31.0M Add +13.4%
CDNS Cadence Design SYS Inc. 0.49% 95,398 $29.1M Reduce -4.2%
ABBV Abbvie Inc. 0.46% 149,687 $27.3M Add +1.6%
WELL Welltower Inc. 0.46% 179,070 $27.2M Add +1085.8%
VRTX Vertex Pharmaceuticals Inc. 0.46% 61,297 $27.1M Add +18.0%
IONS Ionis Pharmaceuticals Inc. 0.44% 660,957 $26.3M Add +16.1%
EQIX Equinix Inc. 0.42% 31,933 $25.1M Reduce -29.4%
WTS Watts Water Technologies-A 0.41% 99,696 $24.5M Add +28.6%
BRK.B Berkshire Hathaway Inc. Class B 0.41% 50,474 $24.5M Add +63.3%
BNTX Biontech SE-ADR 0.40% 223,225 $23.8M Add +13.6%
HCA HCA Healthcare Inc. 0.39% 60,623 $23.0M Add +4.5%
KO The Coca-Cola Co. 0.39% 325,014 $22.9M Add +2.1%
TSM Taiwan Semiconductor-SP ADR 0.37% 95,825 $21.9M Reduce -15.4%
AMT American Tower Corp. 0.37% 100,565 $21.9M Add +4.8%
VLO Valero Energy Corp. 0.36% 156,852 $21.1M Add +9.9%
GOOG Alphabet Inc. Class C 0.34% 113,605 $20.2M Add +19.0%
V Visa Inc. Class A 0.34% 57,383 $20.0M Add +12.3%
UNH Unitedhealth Group Inc. 0.33% 62,679 $19.4M Reduce -51.7%
SW Smurfit Westrock PLC 0.32% 608,350 $19.3M Add +15.3%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.32% 561,220 $19.1M Reduce -8.7%
NTRA Natera Inc. 0.29% 104,173 $17.5M Add +27.3%
NOW ServiceNow Inc. 0.27% 15,797 $16.2M Add +1.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.27% 337,137 $15.9M Reduce -2.8%
ALNY Alnylam Pharmaceuticals Inc. 0.26% 48,385 $15.6M Add +20.5%
CB Chubb Ltd. 0.25% 52,893 $15.1M Add +73.7%
COST Costco Wholesale Corp. 0.25% 14,863 $14.6M Add +29.0%
LIN Linde PLC 0.25% 31,386 $14.6M Add +6.8%
WFC Wells Fargo & Co. 0.22% 163,557 $13.0M Add +10.6%
CRM Salesforce Inc. 0.22% 47,169 $12.9M Add +13.1%
MDGL Madrigal Pharmaceuticals Inc. 0.21% 40,891 $12.3M Add +22.2%
CSCO Cisco Systems Inc. 0.20% 176,400 $12.1M Reduce -5.9%
ORCL Oracle Corp. 0.19% 53,952 $11.3M Reduce -3.1%
SCI Service Corp. International 0.17% 123,844 $10.1M Add +1.4%
ROP Roper Technologies Inc. 0.17% 17,581 $9.9M Reduce -9.6%
LRCX Lam Research Corp. 0.16% 96,484 $9.4M Reduce -5.2%
SPGI S&P Global Inc. 0.15% 17,614 $9.1M Add +5.0%
NDAQ Nasdaq Inc. 0.15% 100,100 $8.9M Reduce -14.7%
DHR Danaher Corp. 0.15% 43,462 $8.6M Add +27.3%
ECL Ecolab Inc. 0.14% 31,404 $8.4M Reduce -6.3%
ABT Abbott Laboratories 0.14% 62,096 $8.3M Reduce -3.7%
HD Home Depot Inc. 0.14% 21,776 $8.0M Reduce -11.9%
UNP Union Pacific Corp. 0.13% 34,360 $8.0M Add +3.5%
NFLX Netflix Inc. 0.13% 5,969 $7.9M Add +0.1%
MA Mastercard Inc. Class A 0.13% 14,316 $7.9M Reduce -10.1%
WBS Webster Financial Corp. 0.13% 143,009 $7.8M Reduce -6.4%
T AT&T Inc. 0.13% 278,067 $7.8M Add +3.1%
ADBE Adobe Inc. 0.13% 19,357 $7.5M Reduce -54.8%
AME Ametek Inc. 0.12% 40,829 $7.4M Add +22.0%
ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW 0.12% 559,616 $7.3M New
CRH CRH PLC 0.12% 107,944 $7.2M Reduce -3.3%
AGI Alamos Gold Inc. Class A 0.12% 278,429 $7.1M New
WCN Waste Connections Inc. 0.12% 38,171 $7.1M Add +7.9%
CAT Caterpillar Inc. 0.12% 18,353 $7.1M Reduce -15.3%
CEG Constellation Energy 0.11% 20,161 $6.5M Reduce -1.2%
JNJ Johnson & Johnson 0.10% 39,214 $6.0M Add +13.9%
KLAC KLA Corp. 0.10% 6,415 $5.7M Reduce -15.9%
AMD Advanced Micro Devices 0.09% 38,291 $5.5M Reduce -23.8%
NEM Newmont Corp. 0.09% 94,988 $5.4M Add +23.4%
HUBB Hubbell Inc. 0.09% 13,190 $5.4M Add +4.2%
ANET Arista Networks Inc. 0.09% 52,719 $5.2M Reduce -17.7%
DRI Darden Restaurants Inc. 0.09% 24,025 $5.2M No change
ALV Autoliv Inc. 0.09% 45,408 $5.1M Add +712.6%
ALC Alcon Inc. filed as ALCON AG 0.08% 71,129 $5.0M Add +20.0%
INCY Incyte Corp. 0.08% 72,088 $4.9M Add +5.9%
MDB Mongodb Inc. 0.08% 23,446 $4.9M Add +1.0%
ADSK Autodesk Inc. 0.08% 15,723 $4.8M Add +11.6%
HEI Heico Corp. 0.08% 14,627 $4.8M Add +1.3%
CMCSA Comcast Corp. Class A 0.08% 130,053 $4.6M Add +9.9%
STLD Steel Dynamics Inc. 0.07% 33,688 $4.4M No change
EOG EOG Resources Inc. 0.07% 36,486 $4.4M Reduce -1.6%
QCOM Qualcomm Inc. 0.07% 27,679 $4.4M Add +8.9%
CMG Chipotle Mexican Grill Inc. 0.07% 78,123 $4.3M Reduce -31.4%
MCO Moody's Corp. 0.07% 8,439 $4.1M Add +42.5%
PGR Progressive Corp. 0.07% 15,520 $4.1M Add +25.5%
EMR Emerson Electric Co. 0.07% 30,524 $4.1M Reduce -16.7%
ETN Eaton Corp. PLC 0.07% 11,281 $4.0M Reduce -4.6%
PM Philip Morris International 0.07% 21,854 $4.0M Add +36.5%
PLD Prologis Inc. 0.07% 37,350 $3.9M Add +1.2%
GILD Gilead Sciences Inc. 0.07% 35,433 $3.9M Reduce -26.1%
UBS UBS Group AG-Reg 0.07% 145,805 $3.9M Reduce -2.4%
XYL Xylem Inc. 0.06% 29,936 $3.8M Add +69.8%
AMGN Amgen Inc. 0.06% 13,763 $3.8M Reduce -16.6%
TT Trane Technologies PLC 0.06% 8,597 $3.7M Reduce -22.5%
BKNG Booking Holdings Inc. 0.06% 645 $3.7M Add +24.8%
AMAT Applied Materials Inc. 0.06% 19,878 $3.6M Add +9.1%
DB Deutsche Bank AG-Registered 0.06% 139,922 $3.6M Add +12.2%
PLTR Palantir Technologies Inc. Class A 0.06% 27,136 $3.5M Add +12.8%
SSNC Ss&c Technologies Holdings 0.06% 41,279 $3.4M No change
ELV Elevance Health Inc. 0.06% 8,797 $3.4M Add +12.2%
KEYS Keysight Technologies Inc. 0.05% 19,313 $3.2M Add +19.1%
VMC Vulcan Materials Co. 0.05% 11,972 $3.1M Add +10.5%
RF Regions Financial Corp. 0.05% 133,016 $3.1M No change
PYPL PayPal Holdings Inc. 0.05% 41,780 $3.1M Add +56.9%
MDT Medtronic PLC 0.05% 35,387 $3.0M Reduce -22.7%
SCHW Schwab (charles) Corp. 0.05% 32,954 $3.0M Reduce -8.8%
MCD McDonald's Corp. 0.05% 9,980 $2.9M Add +105.1%
CNI Canadian Natl Railway Co. 0.05% 20,435 $2.9M Reduce -2.4%
GE General Electric filed as GE AEROSPACE 0.05% 11,161 $2.8M Reduce -9.8%
FISV Fiserv Inc. 0.05% 16,410 $2.8M New
ALL Allstate Corp. 0.05% 14,233 $2.8M Add +75.8%
NKE Nike Inc. Class B 0.05% 38,436 $2.8M Add +91.5%
ACN Accenture PLC Class A 0.05% 9,177 $2.7M Reduce -10.3%
WM Waste Management Inc. 0.05% 11,786 $2.7M Add +58.5%
AVB Avalonbay Communities Inc. 0.04% 12,899 $2.6M No change
PRU Prudential Financial Inc. 0.04% 24,096 $2.6M Add +174.2%
HES Hess Corp. 0.04% 18,420 $2.6M No change
STLA Stellantis NV 0.04% 286,609 $2.5M Reduce -47.5%
PSX Phillips 66 0.04% 20,951 $2.5M Reduce -1.4%
STZ Constellation Brands Inc. Class A 0.04% 15,452 $2.5M Reduce -18.2%
HIG Hartford Insurance Group Inc. 0.04% 19,994 $2.5M Add +43.7%
MPWR Monolithic Power Systems Inc. 0.04% 3,378 $2.5M Reduce -13.8%
DNLI Denali Therapeutics Inc. 0.04% 175,531 $2.5M Add +21.5%
OKE Oneok Inc. 0.04% 29,855 $2.4M Add +21.2%
PFE Pfizer Inc. 0.04% 99,670 $2.4M Reduce -26.9%
PODD Insulet Corp. 0.04% 7,653 $2.4M Add +103.6%
EIX Edison International 0.04% 46,531 $2.4M Add +59.3%
DOC Healthpeak Properties Inc. 0.04% 135,222 $2.3M Reduce -4.5%
PCG P G & E Corp. 0.04% 163,195 $2.3M Add +42.8%
VZ Verizon Communications Inc. 0.04% 53,448 $2.3M Reduce -26.7%
INVH Invitation Homes Inc. 0.04% 68,881 $2.3M Add +486.5%
FICO Fair Isaac Corp. 0.04% 1,224 $2.2M Add +5.3%
SYK Stryker Corp. 0.04% 5,593 $2.2M Add +203.1%
YUM Yum! Brands Inc. 0.04% 14,789 $2.2M New
GS Goldman Sachs Group Inc. 0.04% 3,164 $2.2M Reduce -28.3%
JNPR Juniper Networks Inc. 0.04% 59,068 $2.2M Add +101.1%
CNC Centene Corp. 0.04% 39,549 $2.1M Add +33.7%
PEG Public Service Enterprise GP 0.04% 25,450 $2.1M Add +16.4%
CAH Cardinal Health Inc. 0.04% 12,713 $2.1M Add +3.3%
LULU Lululemon Athletica Inc. 0.04% 8,930 $2.1M Add +90.2%
WDAY Workday Inc. Class A 0.04% 8,840 $2.1M Add +336.5%
FITB Fifth Third Bancorp 0.04% 50,503 $2.1M No change
MSCI MSCI Inc. 0.04% 3,627 $2.1M Reduce -12.1%
CLX Clorox Company 0.03% 17,343 $2.1M Add +42.2%
ICE Intercontinental Exchange Inc. 0.03% 11,253 $2.0M Add +25.6%
MPC Marathon Petroleum Corp. 0.03% 12,174 $2.0M Reduce -29.9%
MCK McKesson Corp. 0.03% 2,789 $2.0M Add +5.0%
VLTO Veralto Corp. 0.03% 19,980 $2.0M New
TXN Texas Instruments Inc. 0.03% 9,746 $2.0M Add +131.6%
ADI Analog Devices Inc. 0.03% 8,497 $2.0M New
ATO Atmos Energy Corp. 0.03% 13,110 $2.0M New
FCX Freeport-McMoran Inc. 0.03% 45,239 $2.0M Reduce -16.2%
COF Capital One Financial Corp. 0.03% 9,312 $2.0M New
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.03% 23,830 $1.9M Add +86.3%
UPS United Parcel Service Class B 0.03% 18,276 $1.8M Add +2.4%
CPT Camden Property Trust 0.03% 16,238 $1.8M Add +265.7%
TPL Texas Pacific Land Corp. 0.03% 1,747 $1.8M New
IEX Idex Corp. 0.03% 10,194 $1.8M Add +80.9%
MDLZ Mondelez International Inc. Class A 0.03% 26,422 $1.8M Reduce -8.9%
AXP American Express Co. 0.03% 5,593 $1.8M Reduce -22.8%
KVUE Kenvue Inc. 0.03% 84,770 $1.8M New
HLT Hilton Worldwide Holdings Inc. 0.03% 6,641 $1.8M Reduce -2.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.03% 6,005 $1.7M Add +18.3%
MKC McCormick & Co.-Non VTG SHRS 0.03% 22,842 $1.7M Reduce -27.1%
DD Dupont DE Nemours Inc. 0.03% 25,251 $1.7M Add +9.6%
UDR Udr Inc. 0.03% 42,442 $1.7M Add +254.9%
WAB Wabtec Corp. 0.03% 8,268 $1.7M Add +16.3%
MMM 3M Co. 0.03% 11,259 $1.7M Add +81.8%
HPQ HP Inc. 0.03% 68,511 $1.7M New
MO Altria Group Inc. 0.03% 28,662 $1.7M Add +18.9%
CFG Citizens Financial Group 0.03% 37,643 $1.7M New
NXPI NXP Semiconductors NV 0.03% 7,667 $1.7M Add +465.0%
EA Electronic Arts Inc. 0.03% 10,481 $1.7M New
DOV Dover Corp. 0.03% 8,957 $1.6M New
VTR Ventas Inc. 0.03% 25,839 $1.6M Add +34.7%
SPG Simon Property Group Inc. 0.03% 10,068 $1.6M Reduce -27.0%
CPRT Copart Inc. 0.03% 33,521 $1.6M New
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC 0.03% 19,478 $1.6M Add +1.9%
TSN Tyson Foods Inc. Class A 0.03% 28,493 $1.6M Reduce -50.0%
GDDY GoDaddy Inc. Class A 0.03% 8,663 $1.6M New
INTC Intel Corp. 0.03% 67,207 $1.5M Add +16.1%
HWM Howmet Aerospace Inc. 0.03% 8,218 $1.5M Reduce -36.4%
AIG American International Group 0.03% 17,543 $1.5M New
ADP Automatic Data Processing 0.02% 4,702 $1.4M Reduce -48.7%
HOLX Hologic Inc. 0.02% 21,942 $1.4M No change
DXCM Dexcom Inc. 0.02% 16,513 $1.4M Add +225.4%
COO The Cooper Cos Inc. 0.02% 19,898 $1.4M New
APO Apollo Global Management Inc. 0.02% 9,878 $1.4M Add +58.9%
INTU Intuit Inc. 0.02% 1,811 $1.4M Reduce -66.1%
RMD Resmed Inc. 0.02% 5,492 $1.4M Add +388.6%
BBY Best Buy Co. Inc. 0.02% 20,300 $1.4M No change
GPN Global Payments Inc. 0.02% 17,350 $1.4M Add +227.8%
NUE Nucor Corp. 0.02% 10,258 $1.3M Add +219.7%
FLUT Flutter Entertainment PLC-Di 0.02% 6,555 $1.3M Add +22.8%
CHTR Charter Communications Inc. Class A 0.02% 3,314 $1.3M New
VRSK Verisk Analytics Inc. 0.02% 4,277 $1.3M Add +201.4%
INSM Insmed Inc. 0.02% 13,175 $1.3M New
KMI Kinder Morgan Inc. 0.02% 44,516 $1.3M Add +25.4%
CVS CVS Health Corp. 0.02% 18,525 $1.3M Add +112.4%
APH Amphenol Corp. Class A 0.02% 12,828 $1.3M Reduce -70.2%
LDOS Leidos Holdings Inc. 0.02% 7,849 $1.2M Reduce -65.7%
MNST Monster Beverage Corp. 0.02% 19,578 $1.2M Add +131.6%
ABNB Airbnb Inc. Class A 0.02% 8,969 $1.2M Add +264.0%
STT State Street Corp. 0.02% 11,336 $1.2M New
CNQ Canadian Natural Resources 0.02% 37,659 $1.2M Reduce -29.9%
KDP Keurig Dr Pepper Inc. 0.02% 35,880 $1.2M New
BMY Bristol-Myers Squibb Co. 0.02% 25,308 $1.2M Reduce -36.2%
EG Everest Group Ltd. 0.02% 3,473 $1.2M New
HUM Humana Inc. 0.02% 4,808 $1.2M New
AKAM Akamai Technologies Inc. 0.02% 14,522 $1.2M Add +313.0%
ILMN Illumina Inc. 0.02% 11,944 $1.1M Reduce -1.6%
PEP Pepsico Inc. 0.02% 8,624 $1.1M Reduce -56.1%
BIIB Biogen Inc. 0.02% 8,918 $1.1M Add +12.4%
BSY Bentley Systems Inc. Class B 0.02% 21,253 $1.1M Add +0.4%
ZTS Zoetis Inc. 0.02% 7,157 $1.1M Add +10.4%
CTAS Cintas Corp. 0.02% 4,990 $1.1M New
CARR Carrier Global Corp. 0.02% 14,916 $1.1M Add +0.0%
DAL Delta Air Lines Inc. 0.02% 22,072 $1.1M New
NCLH Norwegian Cruise Line Holdin 0.02% 54,030 $1.1M Add +56.7%
RSG Republic Services Inc. 0.02% 4,159 $1.0M Reduce -42.0%
ROK Rockwell Automation Inc. 0.02% 3,071 $1.0M New
AMRZ Amrize Ltd. 0.02% 25,635 $1.0M New
GRMN Garmin Ltd. 0.02% 4,673 $974K Reduce -44.3%
VEEV Veeva Systems Inc. Class A 0.02% 3,345 $948K No change
ATR Aptargroup Inc. 0.02% 6,040 $941K No change
JAZZ Jazz Pharmaceuticals PLC 0.02% 8,718 $932K No change
TEL Te Connectivity PLC 0.02% 5,514 $920K No change
BILL Bill Holdings Inc. 0.02% 20,000 $911K No change
ITUB Itau Unibanco H-Spon PRF ADR 0.01% 131,956 $874K Reduce -12.4%
FOX Fox Corp. Class B 0.01% 16,568 $867K Reduce -30.4%
OC Owens Corning 0.01% 6,227 $859K Reduce -9.6%
ASX Ase Technology Holding -ADR 0.01% 80,446 $852K Add +1.8%
RDY Dr. Reddy's Laboratories-ADR 0.01% 54,507 $821K Add +1.8%
NATL NCR Atleos Corp. 0.01% 26,567 $785K No change
SHG Shinhan Financial Group-ADR 0.01% 17,525 $777K Add +1.9%
BBD Banco Bradesco-ADR 0.01% 255,321 $774K Add +1.8%
DASH DoorDash Inc. Class A 0.01% 3,132 $759K New
EBAY eBay Inc. 0.01% 9,949 $734K Reduce -2.4%
HII Huntington Ingalls Industrie 0.01% 2,980 $711K Reduce -19.0%
ZS Zscaler Inc. 0.01% 2,213 $698K No change
IR Ingersoll-Rand Inc. 0.01% 8,244 $695K Reduce -2.4%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.01% 9,880 $665K New
BF.B Brown-Forman Corp. Class B 0.01% 24,761 $655K New
RGEN Repligen Corp. 0.01% 5,190 $641K No change
LW Lamb Weston Holdings Inc. 0.01% 11,950 $638K No change
OSK Oshkosh Corp. 0.01% 5,474 $622K Reduce -2.4%
HAS Hasbro Inc. 0.01% 8,438 $617K No change
LYV Live Nation Entertainment Inc. 0.01% 3,989 $598K Reduce -40.4%
ACGL Arch Capital Group Ltd. 0.01% 6,577 $594K No change
MRSH Marsh & McLennan Cos 0.01% 2,704 $587K Reduce -8.7%
SKM SK Telecom Co. Ltd.-Spon ADR 0.01% 24,953 $572K Add +1.8%
BA The Boeing Co. 0.01% 2,569 $551K Reduce -40.1%
BLK BlackRock Inc. 0.01% 525 $550K Reduce -79.5%
EXAS Exact Sciences Corp. 0.01% 10,236 $549K No change
BMRN Biomarin Pharmaceutical Inc. 0.01% 9,921 $547K Reduce -22.6%
FER Ferrovial NV 0.01% 11,921 $540K Reduce -12.0%
RCL Royal Caribbean Cruises Ltd. 0.01% 1,703 $527K Reduce -59.7%
BX Blackstone Inc. 0.01% 3,409 $515K No change
PAYX Paychex Inc. 0.01% 3,570 $514K New
QGEN Qiagen N.V. 0.01% 12,375 $507K New
NSC Norfolk Southern Corp. 0.01% 1,973 $505K Reduce -77.4%
CBRE CBRE Group Inc. Class A 0.01% 3,601 $502K Reduce -68.6%
AMP Ameriprise Financial Inc. 0.01% 940 $496K Reduce -58.7%
AXON Axon Enterprise Inc. 0.01% 603 $494K Reduce -76.9%
ESS Essex Property Trust Inc. 0.01% 1,715 $489K Reduce -76.0%
COP Conocophillips 0.01% 5,403 $487K Reduce -5.2%
PNR Pentair PLC 0.01% 4,698 $487K Reduce -75.9%
CRWD CrowdStrike Holdings Inc. Class A 0.01% 968 $483K Reduce -8.5%
PHM Pultegroup Inc. 0.01% 4,464 $471K New
APD Air Products & Chemicals Inc. 0.01% 1,640 $463K Reduce -8.7%
WMB Williams Cos Inc. 0.01% 7,225 $453K No change
CL Colgate-Palmolive Co. 0.01% 5,045 $452K Reduce -56.4%
BR Broadridge Financial Solutio 0.01% 1,885 $451K Reduce -8.8%
KNX Knight-Swift Transportation 0.01% 10,000 $450K No change
FMX Fomento Economico Mex-SP ADR 0.01% 4,360 $445K Reduce -47.1%
DECK Deckers Outdoor Corp. 0.01% 4,164 $434K Reduce -73.6%
NWSA News Corp. Class A 0.01% 14,500 $427K Reduce -73.5%
DELL Dell Technologies -C 0.01% 3,421 $424K Reduce -8.7%
PKG Packaging Corp. of America 0.01% 2,121 $402K Reduce -59.0%
KEY Keycorp 0.01% 23,278 $401K Reduce -8.7%
PTC PTC Inc. 0.01% 2,361 $400K Reduce -65.8%
ADM Archer-Daniels-Midland Co. 0.01% 7,642 $397K Reduce -8.7%
PAYC Paycom Software Inc. 0.01% 1,686 $383K New
MKTX Marketaxess Holdings Inc. 0.01% 1,727 $379K Reduce -33.6%
MOS The Mosaic Co. 0.01% 10,525 $372K Reduce -76.3%
MLM Martin Marietta Materials 0.01% 653 $359K New
CAG Conagra Brands Inc. 0.01% 17,579 $359K Reduce -8.7%
ROST Ross Stores Inc. 0.01% 2,687 $344K Reduce -67.3%
HRL Hormel Foods Corp. 0.01% 11,174 $340K No change
ANSS Ansys Inc. 0.01% 935 $325K New
IT Gartner Inc. 0.01% 804 $324K Reduce -8.6%
TAP Molson Coors Beverage Co. Class B 0.01% 6,539 $310K Reduce -8.7%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.01% 3,224 $310K Reduce -62.9%
BG Bunge Global SA 0.01% 3,804 $306K Reduce -70.9%
KKR KKR & Co. Inc. 0.01% 2,220 $298K Reduce -8.6%
FDX FedEx Corp. 0.00% 1,262 $289K Reduce -8.6%
SUZ Suzano SA - Spon ADR 0.00% 30,210 $281K Add +1.8%
VFC VF Corp. 0.00% 23,600 $279K No change
A Agilent Technologies Inc. 0.00% 2,274 $271K Reduce -66.1%
BDX Becton Dickinson and Co. 0.00% 1,503 $257K Reduce -72.2%
EPAM Epam Systems Inc. 0.00% 1,365 $239K Reduce -82.4%
TU Telus Corp. 0.00% 11,008 $239K Add +1.5%
TRGP Targa Resources Corp. 0.00% 1,344 $234K Reduce -67.8%
UAL United Airlines Holdings Inc. 0.00% 2,849 $226K Reduce -86.6%
ES Eversource Energy 0.00% 3,560 $226K Reduce -88.2%
MTCH Match Group Inc. 0.00% 7,067 $218K Reduce -72.4%
ZBRA Zebra Technologies Corp. Class A 0.00% 699 $216K Reduce -71.3%
FCPT Four Corners Property Trust 0.00% 7,926 $215K No change
SPOT Spotify Technology SA 0.00% 259 $200K New

Options reported separately and not counted above: COIN puts ($474K), ZS calls ($252K), TECK calls ($149K), CYBR calls ($122K), PANW calls ($109K).

Other holdings (60): bonds, preferreds, convertibles and warrants · $112.5M (not counted above)
SecurityClassShares / PrincipalValueChange
QGEN Qiagen N.V. COM SHS · principal 15,000,000$16.1MReduce -6.3%
RACE Ferrari NV COM · principal 16,000,000$15.6MNew
DDOG Datadog Inc. Class A CL A COM · principal 6,600,000$6.3MNo change
COIN Coinbase Global Inc. Class A COM CL A · principal 4,750,000$5.6MAdd +58.3%
MSFT Microsoft Corp. COM · principal 5,000,000$5.4MNo change
CYBR Cyberark Software Ltd./Israel SHS · principal 4,000,000$4.1MNew
BILL Bill Holdings Inc. COM · principal 4,450,000$3.9MNo change
DXCM Dexcom Inc. COM · principal 4,000,000$3.7MNew
WELL Welltower Inc. COM · principal 1,900,000$2.5MNo change
PCG P G & E Corp. COM · principal 1,867,850$2.5MNo change
PSN Parsons Corp. COM · principal 2,300,000$2.5MNo change
LYV Live Nation Entertainment Inc. COM · principal 2,000,000$2.2MNo change
NICE Nice Ltd. - Spon ADR SPONSORED ADR · principal 2,000,000$2.0MNo change
ALNY Alnylam Pharmaceuticals Inc. COM · principal 1,500,000$1.9MNo change
AXON Axon Enterprise Inc. COM · principal 500,000$1.8MNo change
NEE Nextera Energy Inc. COM · principal 1,350,000$1.6MNo change
SNOW Snowflake Inc. COM SHS · principal 1,000,000$1.5MReduce -50.0%
F Ford Motor Co. COM · principal 1,550,000$1.5MNo change
AWK American Water Works Co. Inc. COM · principal 1,500,000$1.5MNo change
HALO Halozyme Therapeutics Inc. COM · principal 1,200,000$1.4MNo change
RIVN Rivian Automotive Inc. Class A COM CL A · principal 1,500,000$1.4MNo change
NET Cloudflare Inc. Class A CL A COM · principal 1,150,000$1.3MNew
VRNS Varonis Systems Inc. COM · principal 1,250,000$1.3MNo change
W Wayfair Inc. Class A CL A · principal 1,000,000$1.1MNo change
EXAS Exact Sciences Corp. COM · principal 1,200,000$1.1MNo change
SNAP Snap Inc. Class A CL A · principal 1,200,000$1.1MNo change
LYFT LYFT Inc. Class A CL A COM · principal 1,000,000$1.1MNo change
RBRK Rubrik Inc. Class A CL A · principal 1,000,000$1.0MNew
MP MP Materials Corp. COM CL A · principal 600,000$1.0MNew
GWRE Guidewire Software Inc. COM · principal 850,000$1.0MAdd +240.0%
MTH Meritage Homes Corp. COM · principal 1,000,000$976KAdd +100.0%
NTNX Nutanix Inc. Class A CL A · principal 700,000$976KNo change
MIR Mirion Technologies Inc. COM CL A · principal 800,000$932KNew
LITE Lumentum Holdings Inc. COM · principal 600,000$920KNo change
WIX Wix.com Ltd. SHS · principal 900,000$894KNo change
TTEK Tetra Tech Inc. COM · principal 750,000$845KNo change
DASH DoorDash Inc. Class A CL A · principal 700,000$751KNew
BTG B2GOLD Corp. COM · principal 500,000$668KNew
UPWK Upwork Inc. COM · principal 700,000$661KNo change
VTR Ventas Inc. COM · principal 550,000$654KNo change
DBX Dropbox Inc. Class A CL A · principal 600,000$603KNo change
GH Guardant Health Inc. COM · principal 500,000$576KNew
ORA Ormat Technologies Inc. COM · principal 500,000$558KNew
TDOC Teladoc Health Inc. COM · principal 600,000$554KNo change
IONS Ionis Pharmaceuticals Inc. COM · principal 500,000$527KNo change
IMCR Immunocore Holdings PLC-ADR ADS · principal 600,000$527KNo change
LNTH Lantheus Holdings Inc. COM · principal 400,000$508KNo change
ASND Ascendis Pharma A/S SPONSORED ADR · principal 400,000$506KNo change
MMSI Merit Medical Systems Inc. COM · principal 400,000$506KNo change
SYNA Synaptics Inc. COM · principal 500,000$475KNo change
WK Workiva Inc. COM CL A · principal 500,000$464KNo change
ON On Semiconductor COM · principal 500,000$464KNo change
CORZ Core Scientific Inc. COM · principal 400,000$427KNo change
RGEN Repligen Corp. COM · principal 400,000$397KNo change
CYTK Cytokinetics Inc. COM NEW · principal 350,000$380KNo change
MARA Mara Holdings Inc. COM · principal 400,000$353KNo change
ENPH Enphase Energy Inc. COM · principal 400,000$327KNo change
FOUR SHIFT4 Payments Inc. Class A CL A · principal 300,000$322KReduce -62.5%
AFRM Affirm Holdings Inc. COM CL A · principal 250,000$262KNo change
HAE Haemonetics Corp. COM · principal 250,000$249KNo change

Total filed on the 13F, all lines: $6.0B.

Portfolio Sells Q1 2025 → Q2 2025
RTX RTX Corp. Sold out 0.00% −2.14
UNH Unitedhealth Group Inc. Reduce -51.7% 0.33% −1.03
PNC PNC Financial Services Group Reduce -42.6% 0.80% −0.76
REGN Regeneron Pharmaceuticals Reduce -25.1% 0.60% −0.58
MRK Merck & Co. Inc. Reduce -9.2% 1.04% −0.52
EQIX Equinix Inc. Reduce -29.4% 0.42% −0.32
ADBE Adobe Inc. Reduce -54.8% 0.13% −0.21
SLB SLB Ltd. Reduce -8.7% 0.32% −0.20
TSLA Tesla Inc. Reduce -14.4% 0.80% −0.12
PWR Quanta Services Inc. Sold out 0.00% −0.10
STLA Stellantis NV Reduce -47.5% 0.04% −0.07
ROP Roper Technologies Inc. Reduce -9.6% 0.17% −0.06
FTNT Fortinet Inc. Sold out 0.00% −0.06
TRV The Travelers Cos Inc. Sold out 0.00% −0.06
TSN Tyson Foods Inc. Class A Reduce -50.0% 0.03% −0.05
GL Globe Life Inc. Sold out 0.00% −0.04
HD Home Depot Inc. Reduce -11.9% 0.14% −0.04
CMG Chipotle Mexican Grill Inc. Reduce -31.4% 0.07% −0.04
GILD Gilead Sciences Inc. Reduce -26.1% 0.07% −0.04
MA Mastercard Inc. Class A Reduce -10.1% 0.13% −0.04
LDOS Leidos Holdings Inc. Reduce -65.7% 0.02% −0.04
INTU Intuit Inc. Reduce -66.1% 0.02% −0.04
PEP Pepsico Inc. Reduce -56.1% 0.02% −0.04
BLK BlackRock Inc. Reduce -79.5% 0.01% −0.04
AMGN Amgen Inc. Reduce -16.6% 0.06% −0.04
APH Amphenol Corp. Class A Reduce -70.2% 0.02% −0.04
ESS Essex Property Trust Inc. Reduce -76.0% 0.01% −0.04
CRH CRH PLC Reduce -3.3% 0.12% −0.04
DG Dollar General Corp. Sold out 0.00% −0.04
JD Jd.com Inc.-ADR Sold out 0.00% −0.04
EXC Exelon Corp. Sold out 0.00% −0.03
LEGN Legend Biotech Corp.-ADR Sold out 0.00% −0.03
ES Eversource Energy Reduce -88.2% 0.00% −0.03
NSC Norfolk Southern Corp. Reduce -77.4% 0.01% −0.03
ADP Automatic Data Processing Reduce -48.7% 0.02% −0.03
DFS Discover Financial Services Sold out 0.00% −0.03
ABT Abbott Laboratories Reduce -3.7% 0.14% −0.03
MDT Medtronic PLC Reduce -22.7% 0.05% −0.03
PFE Pfizer Inc. Reduce -26.9% 0.04% −0.03
CDNS Cadence Design SYS Inc. Reduce -4.2% 0.49% −0.03
BMY Bristol-Myers Squibb Co. Reduce -36.2% 0.02% −0.03
STZ Constellation Brands Inc. Class A Reduce -18.2% 0.04% −0.03
ECL Ecolab Inc. Reduce -6.3% 0.14% −0.03
VZ Verizon Communications Inc. Reduce -26.7% 0.04% −0.03
DECK Deckers Outdoor Corp. Reduce -73.6% 0.01% −0.03
NDAQ Nasdaq Inc. Reduce -14.7% 0.15% −0.03
CSCO Cisco Systems Inc. Reduce -5.9% 0.20% −0.03
UAL United Airlines Holdings Inc. Reduce -86.6% 0.00% −0.03
WBS Webster Financial Corp. Reduce -6.4% 0.13% −0.03
CAT Caterpillar Inc. Reduce -15.3% 0.12% −0.03

Portfolio Buys Q1 2025 → Q2 2025
AVGO Broadcom Inc. New 5.53% +5.53
MSFT Microsoft Corp. Add +6.4% 9.10% +1.22
NVDA Nvidia Corp. Add +2.9% 6.36% +1.18
MU Micron Technology Inc. Add +5.3% 2.83% +0.53
XPO Xpo Inc. Add +52.9% 1.44% +0.48
WELL Welltower Inc. Add +1085.8% 0.46% +0.41
GEV GE Vernova Inc. Add +3.0% 0.95% +0.30
CME Cme Group Inc. Add +59.2% 1.06% +0.29
META Meta Platforms Inc. Class A Add +3.4% 2.46% +0.20
HUBS HubSpot Inc. Add +86.9% 0.57% +0.18
WMT Walmart Inc. Add +16.9% 1.71% +0.16
URI United Rentals Inc. Add +14.9% 1.01% +0.13
ORLA Orla Mining Ltd. New 0.12% +0.12
AGI Alamos Gold Inc. Class A New 0.12% +0.12
AEM Agnico Eagle Mines Ltd. Add +16.0% 2.91% +0.11
WTS Watts Water Technologies-A Add +28.6% 0.41% +0.09
IONS Ionis Pharmaceuticals Inc. Add +16.1% 0.44% +0.08
BRK.B Berkshire Hathaway Inc. Class B Add +63.3% 0.41% +0.08
ALV Autoliv Inc. Add +712.6% 0.09% +0.08
CB Chubb Ltd. Add +73.7% 0.25% +0.07
NTRA Natera Inc. Add +27.3% 0.29% +0.06
DIS The Walt Disney Co. Add +5.3% 0.66% +0.05
JPM JPMorgan Chase & Co. Add +3.6% 3.62% +0.05
FNV Franco-Nevada Corp. Add +25.0% 0.75% +0.05
CYBR Cyberark Software Ltd./Israel Add +6.1% 1.19% +0.05
FISV Fiserv Inc. New 0.05% +0.05
TECK Teck Resources Ltd.-CLS B Add +15.4% 1.48% +0.05
ALNY Alnylam Pharmaceuticals Inc. Add +20.5% 0.26% +0.04
C Citigroup Inc. Add +7.7% 0.64% +0.04
AMZN Amazon.com Inc. Add +5.3% 3.78% +0.04
GOOG Alphabet Inc. Class C Add +19.0% 0.34% +0.04
YUM Yum! Brands Inc. New 0.04% +0.04
VLTO Veralto Corp. New 0.03% +0.03
ADI Analog Devices Inc. New 0.03% +0.03
ATO Atmos Energy Corp. New 0.03% +0.03
COF Capital One Financial Corp. New 0.03% +0.03
TPL Texas Pacific Land Corp. New 0.03% +0.03
INVH Invitation Homes Inc. Add +486.5% 0.04% +0.03
KVUE Kenvue Inc. New 0.03% +0.03
COST Costco Wholesale Corp. Add +29.0% 0.25% +0.03
HPQ HP Inc. New 0.03% +0.03
CFG Citizens Financial Group New 0.03% +0.03
EA Electronic Arts Inc. New 0.03% +0.03
DOV Dover Corp. New 0.03% +0.03
MS Morgan Stanley Add +3.2% 0.67% +0.03
CPRT Copart Inc. New 0.03% +0.03
GDDY GoDaddy Inc. Class A New 0.03% +0.03
WDAY Workday Inc. Class A Add +336.5% 0.04% +0.03
AIG American International Group New 0.03% +0.03
COO The Cooper Cos Inc. New 0.02% +0.02

Options Activity Q1 2025 → Q2 2025
AVGO Broadcom Inc. call Sold out 95 $1.6Mbefore exit
QGEN Qiagen N.V. call Sold out 125 $502Kbefore exit
COIN Coinbase Global Inc. Class A put New 6,000 $474K
ZS Zscaler Inc. call New 4,000 $252K
TECK Teck Resources Ltd.-CLS B call New 25,000 $149K
CYBR Cyberark Software Ltd./Israel call New 2,400 $122K
PANW Palo Alto Networks Inc. call New 9,000 $109K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q1 2025 → Q2 2025
QGEN Qiagen N.V. COM SHS · principal Reduce -6.3% 15,000,000 $16.1M
RACE Ferrari NV COM · principal New 16,000,000 $15.6M
COIN Coinbase Global Inc. Class A COM CL A · principal Add +58.3% 4,750,000 $5.6M
CYBR Cyberark Software Ltd./Israel SHS · principal New 4,000,000 $4.1M
DXCM Dexcom Inc. COM · principal New 4,000,000 $3.7M
AKAM Akamai Technologies Inc. COM · principal Sold out 2,000,000 $2.0Mbefore exit
SNOW Snowflake Inc. COM SHS · principal Reduce -50.0% 1,000,000 $1.5M
HUBS HubSpot Inc. COM · principal Sold out 700,000 $1.5Mbefore exit
ZS Zscaler Inc. COM · principal Sold out 1,000,000 $1.4Mbefore exit
NET Cloudflare Inc. Class A CL A COM · principal New 1,150,000 $1.3M
PODD Insulet Corp. COM · principal Sold out 1,050,000 $1.3Mbefore exit
SRPT Sarepta Therapeutics Inc. COM · principal Sold out 1,300,000 $1.2Mbefore exit
PANW Palo Alto Networks Inc. COM · principal Sold out 350,000 $1.2Mbefore exit
RBRK Rubrik Inc. Class A CL A · principal New 1,000,000 $1.0M
MP MP Materials Corp. COM CL A · principal New 600,000 $1.0M
GWRE Guidewire Software Inc. COM · principal Add +240.0% 850,000 $1.0M
MTH Meritage Homes Corp. COM · principal Add +100.0% 1,000,000 $976K
INSM Insmed Inc. COM PAR $.01 · principal Sold out 400,000 $970Kbefore exit
Z Zillow Group Inc. Class C CL C CAP STK · principal Sold out 900,000 $951Kbefore exit
MIR Mirion Technologies Inc. COM CL A · principal New 800,000 $932K
DASH DoorDash Inc. Class A CL A · principal New 700,000 $751K
BTG B2GOLD Corp. COM · principal New 500,000 $668K
GH Guardant Health Inc. COM · principal New 500,000 $576K
ORA Ormat Technologies Inc. COM · principal New 500,000 $558K
FOUR SHIFT4 Payments Inc. Class A CL A · principal Reduce -62.5% 300,000 $322K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 372$7.9BNVDA, MU, GOOGL, MSFT, AVGO
Q1 2026 366$6.8BNVDA, MSFT, AAPL, GOOGL, AVGO
Q4 2025 396$6.8BMSFT, NVDA, AAPL, GOOGL, AVGO
Q3 2025 405$6.7BMSFT, NVDA, AVGO, AAPL, AEM
Q2 2025 341$5.9BMSFT, NVDA, AVGO, AAPL, AMZN
Q1 2025 346$4.9BMSFT, NVDA, AAPL, AMZN, JPM
Q4 2024 353$4.8BMSFT, NVDA, AAPL, AMZN, GOOGL
Q3 2024 412$3.8BMSFT, NVDA, AAPL, AVGO, GOOGL
Q2 2024 396$7.3BTM, MUFG, MSFT, SONY, SMFG
Q1 2024 457$5.5BMSFT, ASML, NVDA, AAPL, NVO