Groupe la Francaise
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Groupe la Francaise reported 416 stock positions worth $4.7 billion. Its top holding was Microsoft (MSFT) at 7.0% of the portfolio, followed by Nvidia (NVDA, 5.5%) and Ferrari (RACE, 5.1%). Compared with Q4 2024, it opened 113 new positions, sold out of 30, added to 162 and reduced 106. The biggest buy was a new position in Ferrari (RACE) and the biggest sale Alphabet Class A (GOOGL, shares −37%).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0002056088
- Portfolio Value
- $4.7B (Q1 2025)
- SEC Filing
- 0000945621-25-000477 ↗ filed May 14, 2025
Holdings Value
Holdings 416 stocks · $4.7B
| MSFT Microsoft Corp. | 6.98% | 839,603 | $326.7M | Add +7.6% |
| NVDA Nvidia Corp. | 5.47% | 2,292,981 | $256.1M | Add +18.8% |
| RACE Ferrari NV | 5.10% | 561,054 | $238.8M | New |
| AMZN Amazon.com Inc. | 4.58% | 1,070,907 | $214.2M | Reduce -0.8% |
| AAPL Apple Inc. | 4.31% | 910,250 | $201.7M | Add +5.6% |
| GIB Cgi Inc. | 3.37% | 1,587,712 | $157.6M | Add +3.1% |
| META Meta Platforms Inc. Class A | 2.59% | 201,791 | $121.4M | Reduce -3.4% |
| JPM JPMorgan Chase & Co. | 2.30% | 437,334 | $107.9M | Add +19.0% |
| V Visa Inc. Class A | 2.27% | 305,233 | $106.1M | Add +35.0% |
| CRH CRH PLC | 2.14% | 1,154,803 | $100.0M | Add +86.5% |
| LIN Linde PLC | 2.07% | 210,199 | $96.8M | Add +13.0% |
| AVGO Broadcom Inc. | 2.02% | 542,490 | $94.6M | Add +34.5% |
| LLY Eli Lilly & Co. | 1.90% | 108,479 | $89.0M | Reduce -2.6% |
| GOOGL Alphabet Inc. Class A | 1.89% | 548,282 | $88.3M | Reduce -37.1% |
| NFLX Netflix Inc. | 1.72% | 82,445 | $80.5M | Add +119.3% |
| ETN Eaton Corp. PLC | 1.70% | 290,345 | $79.6M | Add +122.7% |
| COST Costco Wholesale Corp. | 1.44% | 71,923 | $67.5M | Add +9.2% |
| WMT Walmart Inc. | 1.41% | 773,083 | $66.2M | Add +27.2% |
| GOOG Alphabet Inc. Class C | 1.35% | 383,368 | $63.2M | New |
| STLA Stellantis NV | 1.33% | 5,365,212 | $62.1M | New |
| TSM Taiwan Semiconductor-SP ADR | 1.21% | 334,259 | $56.5M | Add +7.3% |
| ACN Accenture PLC Class A | 1.15% | 185,292 | $54.0M | Add +183.2% |
| GE General Electric filed as GE AEROSPACE | 1.07% | 243,792 | $50.2M | Reduce -0.7% |
| MA Mastercard Inc. Class A | 1.07% | 89,642 | $49.9M | Add +9.2% |
| KO The Coca-Cola Co. | 1.03% | 689,037 | $48.2M | Reduce -3.0% |
| AXP American Express Co. | 0.96% | 166,370 | $45.0M | Add +36.2% |
| TMUS T-Mobile US Inc. | 0.95% | 165,644 | $44.3M | Reduce -46.0% |
| CRM Salesforce Inc. | 0.94% | 158,797 | $44.0M | Add +25.1% |
| BKNG Booking Holdings Inc. | 0.93% | 9,180 | $43.6M | Add +39.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.87% | 956,377 | $40.6M | Add +4.8% |
| ORCL Oracle Corp. | 0.86% | 275,157 | $40.1M | Add +84.0% |
| ISRG Intuitive Surgical Inc. | 0.80% | 73,945 | $37.5M | Add +42.4% |
| CB Chubb Ltd. | 0.79% | 124,635 | $37.2M | New |
| NOW ServiceNow Inc. | 0.77% | 43,292 | $36.0M | Add +3.1% |
| PANW Palo Alto Networks Inc. | 0.76% | 200,266 | $35.4M | Add +2.3% |
| UBER Uber Technologies Inc. | 0.75% | 468,015 | $35.0M | Reduce -2.2% |
| BSX Boston Scientific Corp. | 0.72% | 335,082 | $33.6M | Add +13.1% |
| MELI MercadoLibre Inc. | 0.70% | 15,583 | $32.7M | Reduce -16.4% |
| TMO Thermo Fisher Scientific Inc. | 0.69% | 63,793 | $32.2M | Reduce -2.4% |
| BABA Alibaba Group Holding-SP ADR | 0.57% | 197,992 | $26.8M | Add +6.8% |
| HLT Hilton Worldwide Holdings Inc. | 0.53% | 106,974 | $24.6M | Add +15.5% |
| BLK BlackRock Inc. | 0.46% | 23,239 | $21.6M | Reduce -99.1% |
| GEV GE Vernova Inc. | 0.46% | 70,292 | $21.3M | Add +110.3% |
| FISV Fiserv Inc. | 0.40% | 84,578 | $18.6M | Add +26.3% |
| MCD McDonald's Corp. | 0.36% | 55,990 | $16.9M | Add +17.9% |
| MSI Motorola Solutions Inc. | 0.36% | 38,917 | $16.8M | Reduce -10.9% |
| AEM Agnico Eagle Mines Ltd. | 0.36% | 155,851 | $16.7M | Add +8.9% |
| SNPS Synopsys Inc. | 0.34% | 35,945 | $16.1M | Reduce -7.4% |
| WM Waste Management Inc. | 0.34% | 70,957 | $16.0M | Add +14.6% |
| DB Deutsche Bank AG-Registered | 0.32% | 608,396 | $15.0M | New |
| TCOM Trip.com Group Ltd.-ADR | 0.32% | 227,386 | $14.8M | Reduce -13.2% |
| PG The Procter & Gamble Co. | 0.32% | 88,189 | $14.8M | Reduce -4.9% |
| UNH Unitedhealth Group Inc. | 0.31% | 28,198 | $14.5M | Reduce -4.4% |
| RL Ralph Lauren Corp. | 0.29% | 60,741 | $13.7M | Add +7.9% |
| SPOT Spotify Technology SA | 0.28% | 23,169 | $13.3M | New |
| FNV Franco-Nevada Corp. | 0.26% | 78,500 | $12.3M | Add +16.3% |
| KLAC KLA Corp. | 0.26% | 17,391 | $12.1M | Reduce -17.8% |
| CMG Chipotle Mexican Grill Inc. | 0.25% | 229,623 | $11.7M | Reduce -42.8% |
| ITCI Intra-Cellular Therapies Inc. | 0.25% | 88,438 | $11.7M | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.25% | 96,368 | $11.6M | Add +43.3% |
| NKE Nike Inc. Class B | 0.25% | 175,692 | $11.5M | Add +206.1% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.24% | 248,837 | $11.4M | New |
| WELL Welltower Inc. | 0.24% | 75,908 | $11.4M | Add +10.8% |
| YUMC Yum China Holdings Inc. | 0.23% | 206,117 | $11.0M | Add +215.1% |
| NEM Newmont Corp. | 0.23% | 225,500 | $10.9M | Add +7.5% |
| HWM Howmet Aerospace Inc. | 0.23% | 81,570 | $10.8M | Add +25.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.23% | 29,098 | $10.7M | Reduce -17.1% |
| EMR Emerson Electric Co. | 0.23% | 94,967 | $10.6M | Add +16.4% |
| APH Amphenol Corp. Class A | 0.22% | 148,362 | $10.1M | Add +14.1% |
| AGI Alamos Gold Inc. Class A | 0.21% | 377,000 | $10.0M | Add +1.9% |
| DESP Despegar.com Corp. | 0.21% | 515,000 | $9.7M | New |
| CDNS Cadence Design SYS Inc. | 0.20% | 36,075 | $9.5M | Add +7.3% |
| AWK American Water Works Co. Inc. | 0.20% | 66,958 | $9.4M | Reduce -16.0% |
| PRU Prudential Financial Inc. | 0.20% | 81,986 | $9.4M | Add +14.2% |
| DECK Deckers Outdoor Corp. | 0.20% | 78,604 | $9.2M | Reduce -29.0% |
| KGC Kinross Gold Corp. | 0.19% | 725,000 | $9.0M | Reduce -3.3% |
| PWR Quanta Services Inc. | 0.19% | 34,457 | $8.8M | Add +187.4% |
| VRT Vertiv Holdings Co. Class A | 0.19% | 111,794 | $8.8M | New |
| TT Trane Technologies PLC | 0.19% | 26,371 | $8.7M | Add +283.9% |
| PH Parker Hannifin Corp. | 0.18% | 13,504 | $8.5M | Add +82.6% |
| CL Colgate-Palmolive Co. | 0.17% | 89,835 | $8.1M | Reduce -3.8% |
| AMP Ameriprise Financial Inc. | 0.17% | 15,834 | $7.9M | Add +14.0% |
| XYL Xylem Inc. | 0.17% | 64,909 | $7.9M | Reduce -19.2% |
| ADI Analog Devices Inc. | 0.17% | 37,558 | $7.8M | Reduce -16.4% |
| MRSH Marsh & McLennan Cos | 0.17% | 32,164 | $7.8M | Add +12.0% |
| ANET Arista Networks Inc. | 0.17% | 99,034 | $7.8M | Add +83.2% |
| OKE Oneok Inc. | 0.16% | 77,949 | $7.7M | Add +7.9% |
| TRGP Targa Resources Corp. | 0.16% | 38,266 | $7.6M | Add +8.9% |
| ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW | 0.16% | 800,000 | $7.4M | No change |
| FSLR First Solar Inc. | 0.16% | 58,330 | $7.4M | Reduce -6.0% |
| RSG Republic Services Inc. | 0.16% | 30,804 | $7.3M | Reduce -26.9% |
| AMD Advanced Micro Devices | 0.15% | 66,016 | $7.0M | Reduce -28.6% |
| B Barrick Gold Corp. | 0.15% | 508,889 | $7.0M | Add +20.4% |
| TXN Texas Instruments Inc. | 0.15% | 38,388 | $6.9M | Add +10.5% |
| WAB Wabtec Corp. | 0.15% | 36,547 | $6.8M | Add +14.8% |
| FER Ferrovial NV | 0.15% | 150,200 | $6.8M | New |
| TRV The Travelers Cos Inc. | 0.14% | 25,716 | $6.8M | Add +11.3% |
| FTV Fortive Corp. | 0.14% | 90,102 | $6.7M | Add +14.0% |
| NGD New Gold Inc. | 0.14% | 1,850,000 | $6.6M | Add +2.8% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.14% | 595,883 | $6.6M | Reduce -4.2% |
Options reported separately and not counted above: DB puts ($8.2M), JPM puts ($2.3M), AXP puts ($1.9M), C puts ($1.5M), WFC puts ($1.3M), DE puts ($1.3M), MCD puts ($1.2M), IBM puts ($1.1M), BAC puts ($1.0M), AZO puts ($763K), CAH puts ($689K), GS puts ($656K), and 10 more.
Other holdings (3): bonds, preferreds, convertibles and warrants · $14.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 11,000,000 | $10.5M | New |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 2,000,000 | $2.0M | New |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 2,000,000 | $1.9M | New |
Total filed on the 13F, all lines: $4.7B.
Portfolio Sells Q4 2024 → Q1 2025
| GOOGL Alphabet Inc. Class A | Reduce -37.1% | 1.89% | −2.08 |
| AMZN Amazon.com Inc. | Reduce -0.8% | 4.58% | −1.30 |
| SW Smurfit Westrock PLC | Sold out | 0.00% | −0.75 |
| TMUS T-Mobile US Inc. | Reduce -46.0% | 0.95% | −0.74 |
| META Meta Platforms Inc. Class A | Reduce -3.4% | 2.59% | −0.57 |
| MSCI MSCI Inc. | Reduce -97.9% | 0.10% | −0.43 |
| DECK Deckers Outdoor Corp. | Reduce -29.0% | 0.20% | −0.37 |
| CMG Chipotle Mexican Grill Inc. | Reduce -42.8% | 0.25% | −0.36 |
| MRK Merck & Co. Inc. | Reduce -62.9% | 0.13% | −0.33 |
| LLY Eli Lilly & Co. | Reduce -2.6% | 1.90% | −0.30 |
| BLK BlackRock Inc. | Reduce -99.1% | 0.46% | −0.29 |
| WPM Wheaton Precious Metals Corp. | Sold out | 0.00% | −0.19 |
| REGN Regeneron Pharmaceuticals | Reduce -50.0% | 0.11% | −0.18 |
| MSI Motorola Solutions Inc. | Reduce -10.9% | 0.36% | −0.15 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -13.2% | 0.32% | −0.15 |
| VZ Verizon Communications Inc. | Reduce -74.8% | 0.05% | −0.14 |
| TMO Thermo Fisher Scientific Inc. | Reduce -2.4% | 0.69% | −0.14 |
| SNPS Synopsys Inc. | Reduce -7.4% | 0.34% | −0.13 |
| AMD Advanced Micro Devices | Reduce -28.6% | 0.15% | −0.13 |
| FSLR First Solar Inc. | Reduce -6.0% | 0.16% | −0.13 |
| ADBE Adobe Inc. | Reduce -51.5% | 0.07% | −0.12 |
| EXPD Expeditors Intl Wash Inc. | Sold out | 0.00% | −0.12 |
| PEP Pepsico Inc. | Reduce -54.9% | 0.07% | −0.11 |
| MELI MercadoLibre Inc. | Reduce -16.4% | 0.70% | −0.10 |
| INTU Intuit Inc. | Reduce -30.8% | 0.12% | −0.09 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -17.1% | 0.23% | −0.09 |
| KLAC KLA Corp. | Reduce -17.8% | 0.26% | −0.09 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −0.08 |
| JNJ Johnson & Johnson | Reduce -53.6% | 0.08% | −0.08 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.08 |
| TW Tradeweb Markets Inc. Class A | Sold out | 0.00% | −0.08 |
| UNH Unitedhealth Group Inc. | Reduce -4.4% | 0.31% | −0.07 |
| PG The Procter & Gamble Co. | Reduce -4.9% | 0.32% | −0.07 |
| NEE Nextera Energy Inc. | Reduce -49.8% | 0.07% | −0.07 |
| ADI Analog Devices Inc. | Reduce -16.4% | 0.17% | −0.07 |
| PCAR Paccar Inc. | Reduce -96.5% | 0.00% | −0.07 |
| WST West Pharmaceutical Services | Reduce -92.2% | 0.00% | −0.07 |
| DHR Danaher Corp. | Reduce -19.3% | 0.12% | −0.07 |
| GFL GFL Environmental Inc.-Sub VT | Reduce -64.0% | 0.05% | −0.07 |
| XYL Xylem Inc. | Reduce -19.2% | 0.17% | −0.06 |
| CLH Clean Harbors Inc. | Reduce -50.3% | 0.04% | −0.06 |
| RSG Republic Services Inc. | Reduce -26.9% | 0.16% | −0.05 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.05 |
| ABT Abbott Laboratories | Reduce -73.4% | 0.02% | −0.05 |
| ELV Elevance Health Inc. | Reduce -98.0% | 0.00% | −0.05 |
| AWK American Water Works Co. Inc. | Reduce -16.0% | 0.20% | −0.05 |
| QRVO Qorvo Inc. | Sold out | 0.00% | −0.04 |
| CEG Constellation Energy | Reduce -28.2% | 0.05% | −0.04 |
| AVY Avery Dennison Corp. | Sold out | 0.00% | −0.04 |
| NXT Nextpower Inc. | Reduce -35.8% | 0.07% | −0.04 |
Portfolio Buys Q4 2024 → Q1 2025
| RACE Ferrari NV | New | 5.10% | +5.10 |
| GOOG Alphabet Inc. Class C | New | 1.35% | +1.35 |
| STLA Stellantis NV | New | 1.33% | +1.33 |
| NFLX Netflix Inc. | Add +119.3% | 1.72% | +0.82 |
| CB Chubb Ltd. | New | 0.79% | +0.79 |
| CRH CRH PLC | Add +86.5% | 2.14% | +0.70 |
| ETN Eaton Corp. PLC | Add +122.7% | 1.70% | +0.60 |
| ACN Accenture PLC Class A | Add +183.2% | 1.15% | +0.57 |
| V Visa Inc. Class A | Add +35.0% | 2.27% | +0.52 |
| DB Deutsche Bank AG-Registered | New | 0.32% | +0.32 |
| SPOT Spotify Technology SA | New | 0.28% | +0.28 |
| ITCI Intra-Cellular Therapies Inc. | New | 0.25% | +0.25 |
| ONON On Holding AG Class A | New | 0.24% | +0.24 |
| ORCL Oracle Corp. | Add +84.0% | 0.86% | +0.24 |
| DESP Despegar.com Corp. | New | 0.21% | +0.21 |
| VRT Vertiv Holdings Co. Class A | New | 0.19% | +0.19 |
| BABA Alibaba Group Holding-SP ADR | Add +6.8% | 0.57% | +0.18 |
| JPM JPMorgan Chase & Co. | Add +19.0% | 2.30% | +0.17 |
| NKE Nike Inc. Class B | Add +206.1% | 0.25% | +0.17 |
| GEV GE Vernova Inc. | Add +110.3% | 0.46% | +0.16 |
| YUMC Yum China Holdings Inc. | Add +215.1% | 0.23% | +0.15 |
| FER Ferrovial NV | New | 0.15% | +0.15 |
| PYCR Paycor HCM Inc. | New | 0.14% | +0.14 |
| PLYA Playa Hotels & Resorts NV | New | 0.14% | +0.14 |
| DDOG Datadog Inc. Class A | New | 0.13% | +0.13 |
| MMYT Makemytrip Ltd. | New | 0.13% | +0.13 |
| QGEN Qiagen N.V. | New | 0.12% | +0.12 |
| TT Trane Technologies PLC | Add +283.9% | 0.19% | +0.12 |
| MCD McDonald's Corp. | Add +17.9% | 0.36% | +0.12 |
| GS Goldman Sachs Group Inc. | Add +8408.5% | 0.12% | +0.12 |
| LIN Linde PLC | Add +13.0% | 2.07% | +0.12 |
| CCEP Coca-Cola Europacific Partne | New | 0.11% | +0.11 |
| ESGR Enstar Group Ltd. | New | 0.11% | +0.11 |
| EVRI Everi Holdings Inc. | New | 0.11% | +0.11 |
| AER Aercap Holdings NV | New | 0.10% | +0.10 |
| JNPR Juniper Networks Inc. | New | 0.10% | +0.10 |
| FYBR Frontier Communications Pare | New | 0.10% | +0.10 |
| PWR Quanta Services Inc. | Add +187.4% | 0.19% | +0.09 |
| AGS Playags Inc. | New | 0.09% | +0.09 |
| ISRG Intuitive Surgical Inc. | Add +42.4% | 0.80% | +0.09 |
| K Kellanova | Add +288.8% | 0.12% | +0.08 |
| FNA Paragon 28 Inc. | New | 0.08% | +0.08 |
| PDCO Patterson Cos Inc. | New | 0.08% | +0.08 |
| PYPL PayPal Holdings Inc. | Add +6778.7% | 0.08% | +0.08 |
| DNB Dun & Bradstreet Holdings Inc. | New | 0.08% | +0.08 |
| AEM Agnico Eagle Mines Ltd. | Add +8.9% | 0.36% | +0.08 |
| SRDX Surmodics Inc. | New | 0.08% | +0.08 |
| BSX Boston Scientific Corp. | Add +13.1% | 0.72% | +0.08 |
| SGRY Surgery Partners Inc. | New | 0.07% | +0.07 |
| WM Waste Management Inc. | Add +14.6% | 0.34% | +0.07 |
Options Activity Q4 2024 → Q1 2025
| DB Deutsche Bank AG-Registered | put | New | 375,000 | $8.2M |
| JPM JPMorgan Chase & Co. | put | New | 9,500 | $2.3M |
| AXP American Express Co. | put | New | 7,000 | $1.9M |
| C Citigroup Inc. | put | New | 21,000 | $1.5M |
| WFC Wells Fargo & Co. | put | New | 18,500 | $1.3M |
| DE Deere & Co. | put | New | 2,800 | $1.3M |
| MCD McDonald's Corp. | put | New | 4,000 | $1.2M |
| IBM Intl Business Machines Corp. | put | New | 4,500 | $1.1M |
| BAC Bank of America Corp. | put | New | 25,000 | $1.0M |
| AZO AutoZone Inc. | put | New | 200 | $763K |
| CAH Cardinal Health Inc. | put | New | 5,000 | $689K |
| GS Goldman Sachs Group Inc. | put | New | 1,200 | $656K |
| LOW Lowe's Cos Inc. | put | New | 2,500 | $583K |
| CAG Conagra Brands Inc. | put | New | 19,000 | $507K |
| ORCL Oracle Corp. | put | New | 3,500 | $489K |
| JCI Johnson Controls Internation | put | New | 5,000 | $401K |
| HD Home Depot Inc. | put | New | 1,000 | $366K |
| MS Morgan Stanley | put | New | 3,000 | $350K |
| CAT Caterpillar Inc. | put | New | 1,000 | $330K |
| AVGO Broadcom Inc. | put | New | 1,500 | $251K |
| GIS General Mills Inc. | put | New | 4,000 | $239K |
| CPB The Campbell's Company | put | New | 5,000 | $200K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | New | 11,000,000 | $10.5M |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | New | 2,000,000 | $2.0M |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | New | 2,000,000 | $1.9M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 445 | $8.1B | NVDA, TTE, MSFT, AAPL, GOOGL |
| Q1 2026 | 416 | $7.1B | TTE, NVDA, MSFT, AAPL, AMZN |
| Q4 2025 | 419 | $6.8B | MSFT, TTE, NVDA, AMZN, AAPL |
| Q3 2025 | 740 | $7.3B | MSFT, NVDA, AMZN, RACE, AAPL |
| Q2 2025 | 410 | $6.1B | MSFT, NVDA, AMZN, RACE, AAPL |
| Q1 2025 | 416 | $4.7B | MSFT, NVDA, RACE, AMZN, AAPL |
| Q4 2024 | 333 | $4.0B | MSFT, NVDA, AMZN, AAPL, GIB |