LBP Am SA
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), LBP Am SA reported 361 stock positions worth $7.4 billion. Its top holding was Microsoft (MSFT) at 7.8% of the portfolio, followed by Nvidia (NVDA, 7.3%) and Amazon.com (AMZN, 4.8%). Compared with Q3 2024, it opened 62 new positions, sold out of 55, added to 167 and reduced 105. The biggest buy was Uber Technologies (UBER, shares +720%) and the biggest sale Smurfit Westrock (SW, shares −31%).
- Most Recent 13F
- Q2 2026
- Location
- Paris, I0
- CIK
- 0001970075
- Portfolio Value
- $7.4B (Q4 2024)
- SEC Filing
- 0001725547-25-000858 ↗ filed Feb 10, 2025
Holdings Value
Holdings 361 stocks · $7.4B
| MSFT Microsoft Corp. | 7.78% | 1,366,608 | $576.0M | Add +11.0% |
| NVDA Nvidia Corp. | 7.30% | 4,020,194 | $539.9M | Add +2.2% |
| AMZN Amazon.com Inc. | 4.84% | 1,633,155 | $358.3M | Reduce -2.8% |
| AAPL Apple Inc. | 3.29% | 971,086 | $243.2M | Add +7.9% |
| V Visa Inc. Class A | 3.28% | 767,189 | $242.5M | Add +5.0% |
| GOOGL Alphabet Inc. Class A | 2.52% | 985,214 | $186.5M | Add +3.3% |
| MA Mastercard Inc. Class A | 2.28% | 320,877 | $169.0M | Add +5.0% |
| AVGO Broadcom Inc. | 2.25% | 716,595 | $166.1M | Reduce -8.6% |
| LIN Linde PLC | 1.94% | 343,292 | $143.7M | Add +7.4% |
| TSM Taiwan Semiconductor-SP ADR | 1.90% | 711,960 | $140.6M | Reduce -5.1% |
| ACN Accenture PLC Class A | 1.49% | 313,729 | $110.4M | Add +5.5% |
| SW Smurfit Westrock PLC | 1.46% | 2,001,503 | $107.8M | Reduce -31.2% |
| LLY Eli Lilly & Co. | 1.40% | 133,979 | $103.4M | Add +29.5% |
| TSLA Tesla Inc. | 1.25% | 229,261 | $92.6M | Reduce -6.2% |
| META Meta Platforms Inc. Class A | 1.14% | 144,336 | $84.5M | Reduce -1.9% |
| TMO Thermo Fisher Scientific Inc. | 1.13% | 160,694 | $83.6M | Add +21.6% |
| ADBE Adobe Inc. | 1.10% | 183,169 | $81.5M | Add +58.3% |
| GOOG Alphabet Inc. Class C | 1.09% | 422,500 | $80.5M | Add +4.3% |
| CRM Salesforce Inc. | 1.04% | 230,287 | $77.0M | Add +43.2% |
| BDX Becton Dickinson and Co. | 1.00% | 326,833 | $74.1M | Add +42.2% |
| SYK Stryker Corp. | 1.00% | 205,810 | $74.1M | Add +2.9% |
| UBER Uber Technologies Inc. | 0.91% | 1,113,907 | $67.2M | Add +719.6% |
| ZS Zscaler Inc. | 0.89% | 366,978 | $66.2M | Add +14.7% |
| FMX Fomento Economico Mex-SP ADR | 0.88% | 761,723 | $65.1M | Reduce -9.9% |
| AMD Advanced Micro Devices | 0.84% | 515,180 | $62.2M | Add +74.9% |
| ORCL Oracle Corp. | 0.82% | 362,136 | $60.3M | Add +22.1% |
| NOW ServiceNow Inc. | 0.79% | 55,311 | $58.6M | Reduce -36.2% |
| JNJ Johnson & Johnson | 0.78% | 396,783 | $57.4M | Add +8.5% |
| MDB Mongodb Inc. | 0.77% | 246,091 | $57.3M | Add +81.8% |
| CSCO Cisco Systems Inc. | 0.75% | 942,388 | $55.8M | Add +13.1% |
| MELI MercadoLibre Inc. | 0.75% | 32,800 | $55.8M | Add +30.9% |
| VRT Vertiv Holdings Co. Class A | 0.75% | 488,842 | $55.5M | Reduce -9.0% |
| XYL Xylem Inc. | 0.63% | 404,433 | $46.9M | Add +12.5% |
| SPGI S&P Global Inc. | 0.58% | 86,656 | $43.2M | Add +24.4% |
| NEE Nextera Energy Inc. | 0.58% | 598,406 | $42.9M | Add +119.5% |
| DDOG Datadog Inc. Class A | 0.58% | 299,462 | $42.8M | Reduce -32.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.58% | 124,553 | $42.6M | Reduce -19.9% |
| PANW Palo Alto Networks Inc. | 0.55% | 222,634 | $40.5M | Add +5.4% |
| HD Home Depot Inc. | 0.54% | 102,033 | $39.7M | Add +97.7% |
| CDNS Cadence Design SYS Inc. | 0.53% | 130,841 | $39.3M | Add +130.3% |
| SPOT Spotify Technology SA | 0.51% | 83,991 | $37.6M | Reduce -29.7% |
| NDAQ Nasdaq Inc. | 0.50% | 474,587 | $36.7M | Add +257.6% |
| MRK Merck & Co. Inc. | 0.50% | 368,787 | $36.7M | Reduce -7.6% |
| SNOW Snowflake Inc. | 0.48% | 230,600 | $35.6M | No change |
| NET Cloudflare Inc. Class A | 0.46% | 312,671 | $33.7M | No change |
| ISRG Intuitive Surgical Inc. | 0.45% | 63,804 | $33.3M | Add +90.2% |
| CFLT Confluent Inc. Class A | 0.44% | 1,176,200 | $32.9M | Add +17.5% |
| BALL Ball Corp. | 0.44% | 587,099 | $32.4M | Add +124.4% |
| ABT Abbott Laboratories | 0.42% | 276,934 | $31.3M | Reduce -13.2% |
| MRVL Marvell Technology Inc. | 0.42% | 279,409 | $30.9M | Reduce -27.4% |
| JPM JPMorgan Chase & Co. | 0.40% | 124,797 | $29.9M | Reduce -37.5% |
| ABBV Abbvie Inc. | 0.40% | 167,179 | $29.7M | Reduce -0.6% |
| MDT Medtronic PLC | 0.40% | 369,120 | $29.5M | Add +18.7% |
| BNTX Biontech SE-ADR | 0.39% | 252,918 | $28.8M | Add +2.0% |
| VTR Ventas Inc. | 0.39% | 487,570 | $28.7M | Add +58.7% |
| EQIX Equinix Inc. | 0.38% | 29,576 | $27.9M | Add +356.6% |
| RTX RTX Corp. | 0.37% | 237,189 | $27.4M | Add +43.5% |
| BSX Boston Scientific Corp. | 0.37% | 303,240 | $27.1M | Reduce -11.6% |
| INTU Intuit Inc. | 0.35% | 41,595 | $26.1M | Add +1.0% |
| UNP Union Pacific Corp. | 0.35% | 114,391 | $26.1M | Add +10.5% |
| ICE Intercontinental Exchange Inc. | 0.35% | 172,509 | $25.7M | Add +22.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.34% | 577,719 | $25.4M | Add +58.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.34% | 115,300 | $25.3M | Reduce -10.4% |
| BMY Bristol-Myers Squibb Co. | 0.34% | 439,119 | $24.8M | Add +26.0% |
| AEM Agnico Eagle Mines Ltd. | 0.33% | 310,192 | $24.3M | Add +89.8% |
| VRTX Vertex Pharmaceuticals Inc. | 0.32% | 59,359 | $23.9M | Add +1159.5% |
| PEP Pepsico Inc. | 0.32% | 157,137 | $23.9M | Add +35.3% |
| ETN Eaton Corp. PLC | 0.32% | 71,311 | $23.7M | Reduce -24.4% |
| ADP Automatic Data Processing | 0.32% | 80,033 | $23.4M | Add +4.5% |
| RSG Republic Services Inc. | 0.31% | 115,479 | $23.2M | Add +49.9% |
| CL Colgate-Palmolive Co. | 0.30% | 241,828 | $22.0M | Add +36.4% |
| WBD Warner Bros Discovery Inc. | 0.28% | 1,989,791 | $21.0M | New |
| UPS United Parcel Service Class B | 0.28% | 165,932 | $20.9M | Add +53.2% |
| SHW The Sherwin-Williams Co. | 0.28% | 60,787 | $20.7M | Add +43.0% |
| MMM 3M Co. | 0.28% | 160,024 | $20.7M | Add +10.9% |
| SHOP Shopify Inc. Class A | 0.27% | 187,793 | $20.0M | Reduce -11.8% |
| OKE Oneok Inc. | 0.27% | 197,049 | $19.8M | Add +3.8% |
| GILD Gilead Sciences Inc. | 0.27% | 212,835 | $19.7M | Add +41.1% |
| CBRE CBRE Group Inc. Class A | 0.26% | 147,701 | $19.4M | Add +1007.9% |
| SBAC SBA Communications Corp. | 0.26% | 93,032 | $19.0M | Add +20.6% |
| PG The Procter & Gamble Co. | 0.25% | 112,347 | $18.8M | Add +68.2% |
| CLH Clean Harbors Inc. | 0.25% | 81,566 | $18.8M | Reduce -24.0% |
| LYB Lyondellbasell Indu Class A | 0.25% | 249,331 | $18.5M | Add +34.8% |
| ZTS Zoetis Inc. | 0.25% | 112,801 | $18.4M | Add +19.6% |
| GEN Gen Digital Inc. | 0.25% | 662,410 | $18.1M | Add +2169.4% |
| COR Cencora Inc. | 0.24% | 79,350 | $17.8M | Add +0.1% |
| BKNG Booking Holdings Inc. | 0.24% | 3,512 | $17.4M | Add +177.2% |
| EMR Emerson Electric Co. | 0.23% | 139,826 | $17.3M | Reduce -62.3% |
| RF Regions Financial Corp. | 0.23% | 730,614 | $17.2M | Add +149.4% |
| IOT Samsara Inc. Class A | 0.23% | 385,349 | $16.8M | New |
| DXCM Dexcom Inc. | 0.23% | 215,810 | $16.8M | Add +5.0% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.23% | 147,366 | $16.7M | New |
| ADSK Autodesk Inc. | 0.22% | 55,703 | $16.5M | Add +14.4% |
| CAMT Camtek Ltd. | 0.22% | 202,400 | $16.3M | No change |
| T AT&T Inc. | 0.22% | 716,902 | $16.3M | Reduce -63.0% |
| PRU Prudential Financial Inc. | 0.22% | 137,716 | $16.3M | Add +17.4% |
| PTC PTC Inc. | 0.22% | 88,215 | $16.2M | New |
| UNH Unitedhealth Group Inc. | 0.22% | 32,038 | $16.2M | Reduce -51.2% |
| NXPI NXP Semiconductors NV | 0.22% | 76,960 | $16.0M | Add +132.3% |
| INFA Informatica Inc. Class A | 0.21% | 609,932 | $15.8M | Add +44.9% |
Portfolio Sells Q3 2024 → Q4 2024
| SW Smurfit Westrock PLC | Reduce -31.2% | 1.46% | −0.71 |
| T AT&T Inc. | Reduce -63.0% | 0.22% | −0.42 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.40 |
| FMX Fomento Economico Mex-SP ADR | Reduce -9.9% | 0.88% | −0.38 |
| EMR Emerson Electric Co. | Reduce -62.3% | 0.23% | −0.37 |
| NOW ServiceNow Inc. | Reduce -36.2% | 0.79% | −0.37 |
| UNH Unitedhealth Group Inc. | Reduce -51.2% | 0.22% | −0.36 |
| PLTR Palantir Technologies Inc. Class A | Reduce -89.7% | 0.07% | −0.31 |
| CME Cme Group Inc. | Reduce -91.9% | 0.02% | −0.27 |
| ENPH Enphase Energy Inc. | Reduce -46.4% | 0.11% | −0.26 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.25 |
| JPM JPMorgan Chase & Co. | Reduce -37.5% | 0.40% | −0.23 |
| TXN Texas Instruments Inc. | Reduce -87.8% | 0.03% | −0.23 |
| PFE Pfizer Inc. | Reduce -52.7% | 0.14% | −0.23 |
| KO The Coca-Cola Co. | Reduce -61.6% | 0.09% | −0.22 |
| HON Honeywell International Inc. | Reduce -90.9% | 0.02% | −0.20 |
| PGR Progressive Corp. | Sold out | 0.00% | −0.20 |
| J Jacobs Solutions Inc. | Reduce -83.6% | 0.03% | −0.19 |
| DDOG Datadog Inc. Class A | Reduce -32.5% | 0.58% | −0.19 |
| MRK Merck & Co. Inc. | Reduce -7.6% | 0.50% | −0.19 |
| JCI Johnson Controls Internation | Sold out | 0.00% | −0.18 |
| ECL Ecolab Inc. | Reduce -58.4% | 0.09% | −0.17 |
| F Ford Motor Co. | Reduce -97.3% | 0.00% | −0.17 |
| CCEP Coca-Cola Europacific Partne | Reduce -79.5% | 0.04% | −0.17 |
| BKR Baker Hughes Co. | Reduce -61.9% | 0.10% | −0.16 |
| CAT Caterpillar Inc. | Reduce -78.5% | 0.04% | −0.16 |
| PAYX Paychex Inc. | Reduce -80.8% | 0.04% | −0.16 |
| BBY Best Buy Co. Inc. | Reduce -86.0% | 0.02% | −0.16 |
| NEM Newmont Corp. | Reduce -66.8% | 0.04% | −0.16 |
| SPOT Spotify Technology SA | Reduce -29.7% | 0.51% | −0.15 |
| ETN Eaton Corp. PLC | Reduce -24.4% | 0.32% | −0.15 |
| AXP American Express Co. | Reduce -82.3% | 0.03% | −0.15 |
| VRSN Verisign Inc. | Sold out | 0.00% | −0.15 |
| PH Parker Hannifin Corp. | Reduce -84.2% | 0.02% | −0.14 |
| K Kellanova | Sold out | 0.00% | −0.14 |
| CLH Clean Harbors Inc. | Reduce -24.0% | 0.25% | −0.14 |
| WBA Walgreens Boots Alliance Inc. | Reduce -83.8% | 0.02% | −0.13 |
| CCI Crown Castle Inc. | Sold out | 0.00% | −0.13 |
| AMGN Amgen Inc. | Reduce -30.3% | 0.14% | −0.13 |
| META Meta Platforms Inc. Class A | Reduce -1.9% | 1.14% | −0.12 |
| ABT Abbott Laboratories | Reduce -13.2% | 0.42% | −0.12 |
| AMT American Tower Corp. | Reduce -77.3% | 0.02% | −0.12 |
| FFIV F5 Inc. | Sold out | 0.00% | −0.12 |
| EOG EOG Resources Inc. | Sold out | 0.00% | −0.12 |
| DOCN Digitalocean Holdings Inc. | Sold out | 0.00% | −0.11 |
| NVR NVR Inc. | Reduce -84.0% | 0.02% | −0.11 |
| SRE Sempra | Reduce -51.2% | 0.10% | −0.11 |
| NFLX Netflix Inc. | Reduce -41.8% | 0.21% | −0.11 |
| PNC PNC Financial Services Group | Reduce -61.8% | 0.06% | −0.10 |
| SLB SLB Ltd. | Reduce -53.6% | 0.06% | −0.10 |
Portfolio Buys Q3 2024 → Q4 2024
| UBER Uber Technologies Inc. | Add +719.6% | 0.91% | +0.75 |
| CRM Salesforce Inc. | Add +43.2% | 1.04% | +0.38 |
| NDAQ Nasdaq Inc. | Add +257.6% | 0.50% | +0.35 |
| CDNS Cadence Design SYS Inc. | Add +130.3% | 0.53% | +0.30 |
| EQIX Equinix Inc. | Add +356.6% | 0.38% | +0.29 |
| VRTX Vertex Pharmaceuticals Inc. | Add +1159.5% | 0.32% | +0.29 |
| WBD Warner Bros Discovery Inc. | New | 0.28% | +0.28 |
| V Visa Inc. Class A | Add +5.0% | 3.28% | +0.26 |
| CBRE CBRE Group Inc. Class A | Add +1007.9% | 0.26% | +0.24 |
| NEE Nextera Energy Inc. | Add +119.5% | 0.58% | +0.23 |
| GEN Gen Digital Inc. | Add +2169.4% | 0.25% | +0.23 |
| IOT Samsara Inc. Class A | New | 0.23% | +0.23 |
| TROW T Rowe Price Group Inc. | New | 0.23% | +0.23 |
| MDB Mongodb Inc. | Add +81.8% | 0.77% | +0.22 |
| HD Home Depot Inc. | Add +97.7% | 0.54% | +0.22 |
| PTC PTC Inc. | New | 0.22% | +0.22 |
| VLTO Veralto Corp. | New | 0.21% | +0.21 |
| ED Consolidated Edison Inc. | New | 0.20% | +0.20 |
| ISRG Intuitive Surgical Inc. | Add +90.2% | 0.45% | +0.20 |
| ADBE Adobe Inc. | Add +58.3% | 1.10% | +0.20 |
| INCY Incyte Corp. | New | 0.19% | +0.19 |
| BSY Bentley Systems Inc. Class B | New | 0.18% | +0.18 |
| BALL Ball Corp. | Add +124.4% | 0.44% | +0.17 |
| BDX Becton Dickinson and Co. | Add +42.2% | 1.00% | +0.17 |
| INTC Intel Corp. | Add +2314.1% | 0.17% | +0.16 |
| BKNG Booking Holdings Inc. | Add +177.2% | 0.24% | +0.16 |
| TAP Molson Coors Beverage Co. Class B | Add +1553.3% | 0.16% | +0.15 |
| GOOGL Alphabet Inc. Class A | Add +3.3% | 2.52% | +0.14 |
| ESTC Elastic NV | Add +181.4% | 0.20% | +0.14 |
| CSGP Costar Group Inc. | Add +994.7% | 0.15% | +0.14 |
| CFLT Confluent Inc. Class A | Add +17.5% | 0.44% | +0.14 |
| AAPL Apple Inc. | Add +7.9% | 3.29% | +0.13 |
| AEM Agnico Eagle Mines Ltd. | Add +89.8% | 0.33% | +0.13 |
| RF Regions Financial Corp. | Add +149.4% | 0.23% | +0.13 |
| BAC Bank of America Corp. | Add +58.7% | 0.34% | +0.13 |
| BXP BXP Inc. | New | 0.12% | +0.12 |
| LUV Southwest Airlines Co. | New | 0.12% | +0.12 |
| AVB Avalonbay Communities Inc. | Add +490.4% | 0.15% | +0.12 |
| AON Aon PLC Class A | New | 0.12% | +0.12 |
| CLX Clorox Company | Add +212.8% | 0.18% | +0.12 |
| MS Morgan Stanley | Add +273.8% | 0.15% | +0.12 |
| AMD Advanced Micro Devices | Add +74.9% | 0.84% | +0.11 |
| NVDA Nvidia Corp. | Add +2.2% | 7.30% | +0.11 |
| MSCI MSCI Inc. | New | 0.11% | +0.11 |
| CPB The Campbell's Company | New | 0.11% | +0.11 |
| DAY Dayforce Inc. | Add +314.0% | 0.14% | +0.10 |
| GDDY GoDaddy Inc. Class A | Add +395.0% | 0.13% | +0.10 |
| PNR Pentair PLC | New | 0.10% | +0.10 |
| AXON Axon Enterprise Inc. | New | 0.10% | +0.10 |
| MRNA Moderna Inc. | Add +4643.2% | 0.10% | +0.10 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 392 | $9.8B | NVDA, MSFT, AMZN, AAPL, GOOGL |
| Q1 2026 | 388 | $7.3B | NVDA, MSFT, AMZN, AAPL, V |
| Q4 2025 | 408 | $8.6B | MSFT, NVDA, AMZN, AAPL, V |
| Q3 2025 | 385 | $8.1B | MSFT, NVDA, AMZN, AAPL, V |
| Q2 2025 | 367 | $7.1B | MSFT, NVDA, AMZN, V, AAPL |
| Q1 2025 | 363 | $6.5B | MSFT, NVDA, AMZN, V, AAPL |
| Q4 2024 | 361 | $7.4B | MSFT, NVDA, AMZN, AAPL, V |
| Q3 2024 | 354 | $6.7B | MSFT, NVDA, AMZN, AAPL, V |
| Q2 2024 | 311 | $2.4B | MSFT, NVDA, AAPL, AMZN, GOOG |
| Q1 2024 | 315 | $2.5B | MSFT, NVDA, AAPL, AMZN, META |