LBP Am SA
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 30, 2025), LBP Am SA reported 363 stock positions worth $6.5 billion. Its top holding was Microsoft (MSFT) at 7.5% of the portfolio, followed by Nvidia (NVDA, 6.2%) and Amazon.com (AMZN, 4.7%). Compared with Q4 2024, it opened 26 new positions, sold out of 24, added to 86 and reduced 215. The biggest buy was Linde (LIN, shares +10%) and the biggest sale Nvidia (NVDA, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- Paris, I0
- CIK
- 0001970075
- Portfolio Value
- $6.5B (Q1 2025)
- SEC Filing
- 0001725547-25-001737 ↗ filed Apr 30, 2025
Holdings Value
Holdings 363 stocks · $6.5B
| MSFT Microsoft Corp. | 7.52% | 1,297,793 | $487.2M | Reduce -5.0% |
| NVDA Nvidia Corp. | 6.20% | 3,703,815 | $401.4M | Reduce -7.9% |
| AMZN Amazon.com Inc. | 4.71% | 1,603,137 | $305.0M | Reduce -1.8% |
| V Visa Inc. Class A | 3.64% | 672,495 | $235.7M | Reduce -12.3% |
| AAPL Apple Inc. | 3.18% | 928,331 | $206.2M | Reduce -4.4% |
| LIN Linde PLC | 2.73% | 379,247 | $176.6M | Add +10.5% |
| MA Mastercard Inc. Class A | 2.59% | 306,281 | $167.9M | Reduce -4.5% |
| GOOGL Alphabet Inc. Class A | 2.16% | 906,722 | $140.2M | Reduce -8.0% |
| TMO Thermo Fisher Scientific Inc. | 1.77% | 230,201 | $114.5M | Add +43.3% |
| AVGO Broadcom Inc. | 1.75% | 677,020 | $113.4M | Reduce -5.5% |
| TSM Taiwan Semiconductor-SP ADR | 1.73% | 675,316 | $112.1M | Reduce -5.2% |
| META Meta Platforms Inc. Class A | 1.45% | 163,210 | $94.1M | Add +13.1% |
| LLY Eli Lilly & Co. | 1.42% | 111,256 | $91.9M | Reduce -17.0% |
| UBER Uber Technologies Inc. | 1.36% | 1,211,730 | $88.3M | Add +8.8% |
| SYK Stryker Corp. | 1.31% | 228,469 | $85.0M | Add +11.0% |
| BDX Becton Dickinson and Co. | 1.21% | 342,485 | $78.4M | Add +4.8% |
| ADBE Adobe Inc. | 1.08% | 182,860 | $70.1M | Reduce -0.2% |
| ACN Accenture PLC Class A | 1.05% | 217,227 | $67.8M | Reduce -30.8% |
| ZS Zscaler Inc. | 1.00% | 327,399 | $65.0M | Reduce -10.8% |
| AMD Advanced Micro Devices | 0.98% | 620,786 | $63.8M | Add +20.5% |
| CRM Salesforce Inc. | 0.98% | 236,078 | $63.4M | Add +2.5% |
| GOOG Alphabet Inc. Class C | 0.97% | 400,742 | $62.6M | Reduce -5.2% |
| VRT Vertiv Holdings Co. Class A | 0.96% | 864,352 | $62.4M | Add +76.8% |
| FMX Fomento Economico Mex-SP ADR | 0.91% | 604,417 | $59.0M | Reduce -20.6% |
| CSCO Cisco Systems Inc. | 0.86% | 902,572 | $55.7M | Reduce -4.2% |
| ORCL Oracle Corp. | 0.85% | 394,459 | $55.1M | Add +8.9% |
| MELI MercadoLibre Inc. | 0.69% | 23,065 | $45.0M | Reduce -29.7% |
| TSLA Tesla Inc. | 0.69% | 171,319 | $44.4M | Reduce -25.3% |
| NOW ServiceNow Inc. | 0.67% | 54,287 | $43.2M | Reduce -1.9% |
| NEE Nextera Energy Inc. | 0.65% | 590,623 | $41.9M | Reduce -1.3% |
| NDAQ Nasdaq Inc. | 0.64% | 549,693 | $41.7M | Add +15.8% |
| DDOG Datadog Inc. Class A | 0.64% | 419,805 | $41.6M | Add +40.2% |
| EQIX Equinix Inc. | 0.60% | 47,513 | $38.7M | Add +60.6% |
| CLH Clean Harbors Inc. | 0.59% | 193,639 | $38.2M | Add +137.4% |
| RTX RTX Corp. | 0.57% | 279,179 | $37.0M | Add +17.7% |
| XYL Xylem Inc. | 0.57% | 307,050 | $36.7M | Reduce -24.1% |
| PANW Palo Alto Networks Inc. | 0.56% | 212,581 | $36.3M | Reduce -4.5% |
| HD Home Depot Inc. | 0.54% | 94,716 | $34.7M | Reduce -7.2% |
| JNJ Johnson & Johnson | 0.53% | 205,951 | $34.2M | Reduce -48.1% |
| ABBV Abbvie Inc. | 0.52% | 161,094 | $33.8M | Reduce -3.6% |
| GEV GE Vernova Inc. | 0.49% | 104,539 | $31.9M | Add +174.4% |
| CDNS Cadence Design SYS Inc. | 0.49% | 125,464 | $31.9M | Reduce -4.1% |
| MRK Merck & Co. Inc. | 0.48% | 344,424 | $30.9M | Reduce -6.6% |
| SW Smurfit Westrock PLC | 0.47% | 675,573 | $30.4M | Reduce -66.3% |
| RSG Republic Services Inc. | 0.47% | 124,723 | $30.2M | Add +8.0% |
| JPM JPMorgan Chase & Co. | 0.46% | 121,303 | $29.8M | Reduce -2.8% |
| ECL Ecolab Inc. | 0.46% | 116,885 | $29.6M | Add +308.2% |
| BALL Ball Corp. | 0.46% | 566,168 | $29.5M | Reduce -3.6% |
| UNP Union Pacific Corp. | 0.45% | 123,432 | $29.2M | Add +7.9% |
| SNOW Snowflake Inc. | 0.45% | 199,300 | $29.1M | Reduce -13.6% |
| ISRG Intuitive Surgical Inc. | 0.45% | 58,625 | $29.0M | Reduce -8.1% |
| BNTX Biontech SE-ADR | 0.43% | 305,221 | $27.8M | Add +20.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.42% | 110,366 | $27.4M | Reduce -4.3% |
| SPGI S&P Global Inc. | 0.42% | 53,789 | $27.3M | Reduce -37.9% |
| VRTX Vertex Pharmaceuticals Inc. | 0.40% | 53,541 | $26.0M | Reduce -9.8% |
| BMY Bristol-Myers Squibb Co. | 0.40% | 423,719 | $25.8M | Reduce -3.5% |
| QCOM Qualcomm Inc. | 0.39% | 164,807 | $25.3M | Add +161.1% |
| BIRK Birkenstock Holding PLC | 0.37% | 515,996 | $23.7M | New |
| ADP Automatic Data Processing | 0.36% | 77,021 | $23.5M | Reduce -3.8% |
| GILD Gilead Sciences Inc. | 0.36% | 205,305 | $23.0M | Reduce -3.5% |
| PG The Procter & Gamble Co. | 0.35% | 133,551 | $22.8M | Add +18.9% |
| MMM 3M Co. | 0.35% | 153,986 | $22.6M | Reduce -3.8% |
| DT Dynatrace Inc. | 0.34% | 467,422 | $22.0M | Add +278.7% |
| CL Colgate-Palmolive Co. | 0.34% | 233,337 | $21.9M | Reduce -3.5% |
| COR Cencora Inc. | 0.33% | 76,495 | $21.3M | Reduce -3.6% |
| CFLT Confluent Inc. Class A | 0.32% | 876,581 | $20.5M | Reduce -25.5% |
| INTU Intuit Inc. | 0.31% | 33,061 | $20.3M | Reduce -20.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.31% | 56,563 | $19.9M | Reduce -54.6% |
| MRVL Marvell Technology Inc. | 0.31% | 321,530 | $19.8M | Add +15.1% |
| ABT Abbott Laboratories | 0.30% | 148,471 | $19.7M | Reduce -46.4% |
| MDB Mongodb Inc. | 0.30% | 111,806 | $19.6M | Reduce -54.6% |
| SHW The Sherwin-Williams Co. | 0.30% | 55,428 | $19.4M | Reduce -8.8% |
| SBAC SBA Communications Corp. | 0.29% | 86,705 | $19.1M | Reduce -6.8% |
| OKE Oneok Inc. | 0.29% | 189,726 | $18.8M | Reduce -3.7% |
| PEP Pepsico Inc. | 0.29% | 125,057 | $18.8M | Reduce -20.4% |
| CBRE CBRE Group Inc. Class A | 0.29% | 142,631 | $18.7M | Reduce -3.4% |
| UNH Unitedhealth Group Inc. | 0.29% | 35,609 | $18.7M | Add +11.2% |
| AEM Agnico Eagle Mines Ltd. | 0.29% | 170,486 | $18.5M | Reduce -45.0% |
| BSX Boston Scientific Corp. | 0.28% | 182,071 | $18.4M | Reduce -40.0% |
| SHOP Shopify Inc. Class A | 0.28% | 187,793 | $17.9M | No change |
| ED Consolidated Edison Inc. | 0.27% | 160,049 | $17.7M | Reduce -5.6% |
| UPS United Parcel Service Class B | 0.27% | 159,623 | $17.6M | Reduce -3.8% |
| ZTS Zoetis Inc. | 0.27% | 104,787 | $17.3M | Reduce -7.1% |
| WBD Warner Bros Discovery Inc. | 0.27% | 1,602,918 | $17.2M | Reduce -19.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.26% | 408,347 | $17.0M | Reduce -29.3% |
| GEN Gen Digital Inc. | 0.26% | 639,268 | $17.0M | Reduce -3.5% |
| LYB Lyondellbasell Indu Class A | 0.26% | 240,483 | $16.9M | Reduce -3.5% |
| INTC Intel Corp. | 0.25% | 721,565 | $16.4M | Add +15.0% |
| VTR Ventas Inc. | 0.25% | 235,941 | $16.2M | Reduce -51.6% |
| ESTC Elastic NV | 0.25% | 181,493 | $16.2M | Add +18.6% |
| GE General Electric filed as GE AEROSPACE | 0.25% | 80,260 | $16.1M | Add +26.5% |
| BKNG Booking Holdings Inc. | 0.24% | 3,398 | $15.7M | Reduce -3.3% |
| NFLX Netflix Inc. | 0.24% | 16,707 | $15.6M | Reduce -3.0% |
| MDT Medtronic PLC | 0.24% | 173,266 | $15.6M | Reduce -53.1% |
| RF Regions Financial Corp. | 0.24% | 703,292 | $15.3M | Reduce -3.7% |
| COST Costco Wholesale Corp. | 0.23% | 16,010 | $15.1M | Reduce -1.4% |
| KMB Kimberly-Clark Corp. | 0.23% | 105,514 | $15.0M | Reduce -0.4% |
| NXPI NXP Semiconductors NV | 0.23% | 76,901 | $14.6M | Reduce -0.1% |
| VLTO Veralto Corp. | 0.22% | 149,372 | $14.6M | Reduce -3.8% |
| SPG Simon Property Group Inc. | 0.22% | 87,488 | $14.5M | Reduce -3.7% |
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -7.9% | 6.20% | −1.10 |
| SW Smurfit Westrock PLC | Reduce -66.3% | 0.47% | −0.99 |
| TSLA Tesla Inc. | Reduce -25.3% | 0.69% | −0.57 |
| AVGO Broadcom Inc. | Reduce -5.5% | 1.75% | −0.49 |
| MDB Mongodb Inc. | Reduce -54.6% | 0.30% | −0.47 |
| ACN Accenture PLC Class A | Reduce -30.8% | 1.05% | −0.44 |
| SPOT Spotify Technology SA | Reduce -88.1% | 0.09% | −0.42 |
| GOOGL Alphabet Inc. Class A | Reduce -8.0% | 2.16% | −0.36 |
| NET Cloudflare Inc. Class A | Reduce -68.5% | 0.17% | −0.28 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -54.6% | 0.31% | −0.27 |
| MSFT Microsoft Corp. | Reduce -5.0% | 7.52% | −0.26 |
| JNJ Johnson & Johnson | Reduce -48.1% | 0.53% | −0.25 |
| ICE Intercontinental Exchange Inc. | Reduce -76.5% | 0.11% | −0.24 |
| INFA Informatica Inc. Class A | Sold out | 0.00% | −0.21 |
| KEYS Keysight Technologies Inc. | Sold out | 0.00% | −0.19 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -5.2% | 1.73% | −0.17 |
| SPGI S&P Global Inc. | Reduce -37.9% | 0.42% | −0.16 |
| DXCM Dexcom Inc. | Reduce -70.3% | 0.07% | −0.16 |
| MDT Medtronic PLC | Reduce -53.1% | 0.24% | −0.16 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.15 |
| TMUS T-Mobile US Inc. | Reduce -79.1% | 0.06% | −0.15 |
| VTR Ventas Inc. | Reduce -51.6% | 0.25% | −0.14 |
| BWA Borgwarner Inc. | Sold out | 0.00% | −0.14 |
| AMZN Amazon.com Inc. | Reduce -1.8% | 4.71% | −0.13 |
| CFLT Confluent Inc. Class A | Reduce -25.5% | 0.32% | −0.13 |
| NOW ServiceNow Inc. | Reduce -1.9% | 0.67% | −0.13 |
| GOOG Alphabet Inc. Class C | Reduce -5.2% | 0.97% | −0.12 |
| ABT Abbott Laboratories | Reduce -46.4% | 0.30% | −0.12 |
| IOT Samsara Inc. Class A | Reduce -48.4% | 0.12% | −0.11 |
| MRNA Moderna Inc. | Sold out | 0.00% | −0.10 |
| BKR Baker Hughes Co. | Sold out | 0.00% | −0.10 |
| AAPL Apple Inc. | Reduce -4.4% | 3.18% | −0.10 |
| KDP Keurig Dr Pepper Inc. | Reduce -89.0% | 0.02% | −0.10 |
| ETN Eaton Corp. PLC | Reduce -26.0% | 0.22% | −0.10 |
| AWK American Water Works Co. Inc. | Reduce -73.0% | 0.05% | −0.09 |
| BSX Boston Scientific Corp. | Reduce -40.0% | 0.28% | −0.08 |
| BAC Bank of America Corp. | Reduce -29.3% | 0.26% | −0.08 |
| AMAT Applied Materials Inc. | Reduce -49.1% | 0.08% | −0.08 |
| XYL Xylem Inc. | Reduce -24.1% | 0.57% | −0.07 |
| CAMT Camtek Ltd. | Reduce -14.8% | 0.16% | −0.06 |
| IR Ingersoll-Rand Inc. | Reduce -31.8% | 0.14% | −0.06 |
| RRX Regal Rexnord Corp. | Sold out | 0.00% | −0.06 |
| DHR Danaher Corp. | Reduce -74.0% | 0.02% | −0.06 |
| WMB Williams Cos Inc. | Sold out | 0.00% | −0.06 |
| MELI MercadoLibre Inc. | Reduce -29.7% | 0.69% | −0.06 |
| TGT Target Corp. | Sold out | 0.00% | −0.06 |
| ADI Analog Devices Inc. | Reduce -33.0% | 0.15% | −0.06 |
| NTAP Netapp Inc. | Reduce -14.2% | 0.15% | −0.05 |
| LRCX Lam Research Corp. | Reduce -87.3% | 0.01% | −0.05 |
| VRSK Verisk Analytics Inc. | Reduce -46.1% | 0.10% | −0.05 |
Portfolio Buys Q4 2024 → Q1 2025
| LIN Linde PLC | Add +10.5% | 2.73% | +0.78 |
| TMO Thermo Fisher Scientific Inc. | Add +43.3% | 1.77% | +0.64 |
| UBER Uber Technologies Inc. | Add +8.8% | 1.36% | +0.46 |
| ECL Ecolab Inc. | Add +308.2% | 0.46% | +0.37 |
| BIRK Birkenstock Holding PLC | New | 0.37% | +0.37 |
| CLH Clean Harbors Inc. | Add +137.4% | 0.59% | +0.34 |
| GEV GE Vernova Inc. | Add +174.4% | 0.49% | +0.32 |
| SYK Stryker Corp. | Add +11.0% | 1.31% | +0.31 |
| META Meta Platforms Inc. Class A | Add +13.1% | 1.45% | +0.31 |
| QCOM Qualcomm Inc. | Add +161.1% | 0.39% | +0.26 |
| DT Dynatrace Inc. | Add +278.7% | 0.34% | +0.25 |
| EQIX Equinix Inc. | Add +60.6% | 0.60% | +0.22 |
| VRT Vertiv Holdings Co. Class A | Add +76.8% | 0.96% | +0.21 |
| BDX Becton Dickinson and Co. | Add +4.8% | 1.21% | +0.21 |
| RTX RTX Corp. | Add +17.7% | 0.57% | +0.20 |
| CEG Constellation Energy | Add +1098.2% | 0.21% | +0.19 |
| RSG Republic Services Inc. | Add +8.0% | 0.47% | +0.15 |
| NDAQ Nasdaq Inc. | Add +15.8% | 0.64% | +0.15 |
| AMD Advanced Micro Devices | Add +20.5% | 0.98% | +0.14 |
| WM Waste Management Inc. | Add +320.6% | 0.15% | +0.12 |
| LPLA LPL Financial Holdings Inc. | New | 0.11% | +0.11 |
| GE General Electric | Add +26.5% | 0.25% | +0.10 |
| TDY Teledyne Technologies Inc. | New | 0.10% | +0.10 |
| UNP Union Pacific Corp. | Add +7.9% | 0.45% | +0.10 |
| PG The Procter & Gamble Co. | Add +18.9% | 0.35% | +0.10 |
| INTC Intel Corp. | Add +15.0% | 0.25% | +0.08 |
| AER Aercap Holdings NV | Add +262.8% | 0.10% | +0.08 |
| CCEP Coca-Cola Europacific Partne | Add +129.1% | 0.11% | +0.07 |
| ORLY O'reilly Automotive Inc. | New | 0.07% | +0.07 |
| UNH Unitedhealth Group Inc. | Add +11.2% | 0.29% | +0.07 |
| YMM Full Truck Alliance -SPN ADR | New | 0.07% | +0.07 |
| DDOG Datadog Inc. Class A | Add +40.2% | 0.64% | +0.06 |
| DHI D.R. Horton Inc. | New | 0.06% | +0.06 |
| KTOS Kratos Defense & Security | Add +51.1% | 0.13% | +0.06 |
| BLK BlackRock Inc. | New | 0.06% | +0.06 |
| TRV The Travelers Cos Inc. | New | 0.06% | +0.06 |
| MCD McDonald's Corp. | New | 0.06% | +0.06 |
| ATAT Atour Lifestyle Holdings-ADR | New | 0.05% | +0.05 |
| FUTU Futu Holdings Ltd.-ADR | New | 0.05% | +0.05 |
| PSX Phillips 66 | Add +20.8% | 0.16% | +0.05 |
| EME Emcor Group Inc. | Add +350.6% | 0.07% | +0.05 |
| ONON On Holding AG Class A | New | 0.05% | +0.05 |
| MPC Marathon Petroleum Corp. | Add +28.4% | 0.15% | +0.05 |
| ESTC Elastic NV | Add +18.6% | 0.25% | +0.04 |
| TRMB Trimble Inc. | Add +52.8% | 0.12% | +0.04 |
| HWM Howmet Aerospace Inc. | Add +20.5% | 0.11% | +0.04 |
| BNTX Biontech SE-ADR | Add +20.7% | 0.43% | +0.04 |
| ORCL Oracle Corp. | Add +8.9% | 0.85% | +0.04 |
| ARM Arm Holdings PLC-ADR | Add +36.1% | 0.13% | +0.03 |
| ES Eversource Energy | New | 0.03% | +0.03 |
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 |