LBP Am SA
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 18, 2025), LBP Am SA reported 367 stock positions worth $7.1 billion. Its top holding was Microsoft (MSFT) at 7.9% of the portfolio, followed by Nvidia (NVDA, 6.5%) and Amazon.com (AMZN, 5.2%). Compared with Q1 2025, it opened 51 new positions, sold out of 47, added to 109 and reduced 195. The biggest buy was Spotify Technology (SPOT, shares +670%) and the biggest sale Alphabet Class A (GOOGL, shares −47%).
- Most Recent 13F
- Q2 2026
- Location
- Paris, I0
- CIK
- 0001970075
- Portfolio Value
- $7.1B (Q2 2025)
- SEC Filing
- 0001725547-25-003474 ↗ filed Jul 18, 2025
Holdings Value
Holdings 367 stocks · $7.1B
| MSFT Microsoft Corp. | 7.87% | 1,124,162 | $559.2M | Reduce -13.4% |
| NVDA Nvidia Corp. | 6.47% | 2,909,176 | $459.6M | Reduce -21.4% |
| AMZN Amazon.com Inc. | 5.18% | 1,678,403 | $368.2M | Add +4.7% |
| V Visa Inc. Class A | 3.46% | 692,971 | $246.0M | Add +3.0% |
| AAPL Apple Inc. | 2.70% | 936,031 | $192.0M | Add +0.8% |
| MA Mastercard Inc. Class A | 2.47% | 312,408 | $175.6M | Add +2.0% |
| AVGO Broadcom Inc. | 2.45% | 632,207 | $174.3M | Reduce -6.6% |
| LIN Linde PLC | 2.40% | 363,962 | $170.8M | Reduce -4.0% |
| LLY Eli Lilly & Co. | 2.12% | 193,184 | $150.6M | Add +73.6% |
| TSM Taiwan Semiconductor-SP ADR | 1.66% | 519,951 | $117.8M | Reduce -23.0% |
| META Meta Platforms Inc. Class A | 1.53% | 147,753 | $109.1M | Reduce -9.5% |
| TMO Thermo Fisher Scientific Inc. | 1.49% | 261,038 | $105.8M | Add +13.4% |
| VRT Vertiv Holdings Co. Class A | 1.46% | 808,943 | $103.9M | Reduce -6.4% |
| UBER Uber Technologies Inc. | 1.40% | 1,066,998 | $99.6M | Reduce -11.9% |
| SYK Stryker Corp. | 1.33% | 239,334 | $94.7M | Add +4.8% |
| ACN Accenture PLC Class A | 1.23% | 293,125 | $87.6M | Add +34.9% |
| GOOGL Alphabet Inc. Class A | 1.20% | 482,213 | $85.0M | Reduce -46.8% |
| ORCL Oracle Corp. | 1.15% | 374,402 | $81.9M | Reduce -5.1% |
| ZS Zscaler Inc. | 1.10% | 248,896 | $78.1M | Reduce -24.0% |
| GOOG Alphabet Inc. Class C | 0.97% | 388,710 | $69.0M | Reduce -3.0% |
| ADBE Adobe Inc. | 0.96% | 175,890 | $68.0M | Reduce -3.8% |
| AMD Advanced Micro Devices | 0.92% | 461,429 | $65.5M | Reduce -25.7% |
| SPOT Spotify Technology SA | 0.83% | 77,104 | $59.2M | Add +669.9% |
| DDOG Datadog Inc. Class A | 0.82% | 433,751 | $58.3M | Add +3.3% |
| CRM Salesforce Inc. | 0.80% | 208,220 | $56.8M | Reduce -11.8% |
| CLH Clean Harbors Inc. | 0.78% | 240,850 | $55.7M | Add +24.4% |
| BDX Becton Dickinson and Co. | 0.77% | 318,287 | $54.8M | Reduce -7.1% |
| NEE Nextera Energy Inc. | 0.76% | 776,183 | $53.9M | Add +31.4% |
| PANW Palo Alto Networks Inc. | 0.75% | 259,753 | $53.2M | Add +22.2% |
| MELI MercadoLibre Inc. | 0.74% | 20,134 | $52.6M | Reduce -12.7% |
| TSLA Tesla Inc. | 0.72% | 161,398 | $51.3M | Reduce -5.8% |
| EQIX Equinix Inc. | 0.69% | 61,340 | $48.8M | Add +29.1% |
| NDAQ Nasdaq Inc. | 0.65% | 514,858 | $46.0M | Reduce -6.3% |
| SNOW Snowflake Inc. | 0.63% | 199,300 | $44.6M | No change |
| FMX Fomento Economico Mex-SP ADR | 0.62% | 424,535 | $43.7M | Reduce -29.8% |
| MRVL Marvell Technology Inc. | 0.61% | 562,205 | $43.5M | Add +74.8% |
| RTX RTX Corp. | 0.59% | 287,418 | $42.0M | Add +3.0% |
| CSCO Cisco Systems Inc. | 0.58% | 593,832 | $41.2M | Reduce -34.2% |
| NOW ServiceNow Inc. | 0.58% | 39,772 | $40.9M | Reduce -26.7% |
| JPM JPMorgan Chase & Co. | 0.56% | 138,172 | $40.1M | Add +13.9% |
| GEV GE Vernova Inc. | 0.56% | 75,294 | $39.8M | Reduce -28.0% |
| XYL Xylem Inc. | 0.51% | 280,934 | $36.3M | Reduce -8.5% |
| ABBV Abbvie Inc. | 0.50% | 193,058 | $35.8M | Add +19.8% |
| DT Dynatrace Inc. | 0.49% | 631,495 | $34.9M | Add +35.1% |
| CDNS Cadence Design SYS Inc. | 0.48% | 110,106 | $33.9M | Reduce -12.2% |
| BNTX Biontech SE-ADR | 0.46% | 305,470 | $32.5M | Add +0.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.45% | 109,484 | $32.3M | Reduce -0.8% |
| ETN Eaton Corp. PLC | 0.45% | 89,536 | $32.0M | Add +69.6% |
| HD Home Depot Inc. | 0.44% | 86,043 | $31.5M | Reduce -9.2% |
| ESTC Elastic NV | 0.44% | 373,156 | $31.5M | Add +105.6% |
| ECL Ecolab Inc. | 0.44% | 116,183 | $31.3M | Reduce -0.6% |
| BSX Boston Scientific Corp. | 0.44% | 290,276 | $31.2M | Add +59.4% |
| AEM Agnico Eagle Mines Ltd. | 0.44% | 260,177 | $30.9M | Add +52.6% |
| BALL Ball Corp. | 0.42% | 537,765 | $30.2M | Reduce -5.0% |
| JNJ Johnson & Johnson | 0.42% | 196,850 | $30.1M | Reduce -4.4% |
| BIRK Birkenstock Holding PLC | 0.42% | 606,184 | $29.8M | Add +17.5% |
| CFLT Confluent Inc. Class A | 0.39% | 1,104,700 | $27.5M | Add +26.0% |
| SPGI S&P Global Inc. | 0.38% | 51,864 | $27.3M | Reduce -3.6% |
| MRK Merck & Co. Inc. | 0.37% | 335,911 | $26.6M | Reduce -2.5% |
| VTR Ventas Inc. | 0.36% | 408,054 | $25.8M | Add +73.0% |
| UNP Union Pacific Corp. | 0.34% | 104,821 | $24.1M | Reduce -15.1% |
| MDB Mongodb Inc. | 0.32% | 108,737 | $22.8M | Reduce -2.7% |
| GE General Electric filed as GE AEROSPACE | 0.32% | 87,607 | $22.5M | Add +9.2% |
| EMR Emerson Electric Co. | 0.31% | 165,397 | $22.1M | Add +38.5% |
| NEM Newmont Corp. | 0.31% | 376,641 | $21.9M | Add +390.3% |
| QCOM Qualcomm Inc. | 0.30% | 132,936 | $21.2M | Reduce -19.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.29% | 41,141 | $21.0M | Reduce -27.3% |
| NFLX Netflix Inc. | 0.29% | 15,597 | $20.9M | Reduce -6.6% |
| AXP American Express Co. | 0.29% | 63,619 | $20.3M | Add +742.9% |
| ADP Automatic Data Processing | 0.28% | 64,868 | $20.0M | Reduce -15.8% |
| CHD Church & Dwight Co. Inc. | 0.27% | 201,600 | $19.4M | New |
| CL Colgate-Palmolive Co. | 0.27% | 212,083 | $19.3M | Reduce -9.1% |
| ISRG Intuitive Surgical Inc. | 0.27% | 35,422 | $19.2M | Reduce -39.6% |
| ADSK Autodesk Inc. | 0.27% | 61,797 | $19.1M | Add +15.4% |
| COR Cencora Inc. | 0.26% | 62,767 | $18.8M | Reduce -17.9% |
| CEG Constellation Energy | 0.26% | 57,828 | $18.7M | Reduce -14.1% |
| WBD Warner Bros Discovery Inc. | 0.26% | 1,602,918 | $18.4M | No change |
| KDP Keurig Dr Pepper Inc. | 0.26% | 549,178 | $18.2M | Add +1772.6% |
| COST Costco Wholesale Corp. | 0.26% | 18,302 | $18.1M | Add +14.3% |
| BMY Bristol-Myers Squibb Co. | 0.25% | 390,539 | $18.1M | Reduce -7.8% |
| ZTS Zoetis Inc. | 0.25% | 112,534 | $17.5M | Add +7.4% |
| VRTX Vertex Pharmaceuticals Inc. | 0.25% | 39,341 | $17.5M | Reduce -26.5% |
| SPG Simon Property Group Inc. | 0.24% | 107,997 | $17.4M | Add +23.4% |
| SHOP Shopify Inc. Class A | 0.24% | 147,793 | $17.0M | Reduce -21.3% |
| CBRE CBRE Group Inc. Class A | 0.24% | 119,610 | $16.8M | Reduce -16.1% |
| ARM Arm Holdings PLC-ADR | 0.23% | 102,469 | $16.6M | Add +26.7% |
| CVS CVS Health Corp. | 0.23% | 238,759 | $16.5M | Add +70.1% |
| INTC Intel Corp. | 0.23% | 734,813 | $16.5M | Add +1.8% |
| SHW The Sherwin-Williams Co. | 0.23% | 47,863 | $16.4M | Reduce -13.7% |
| PLTR Palantir Technologies Inc. Class A | 0.23% | 119,823 | $16.3M | Add +77.3% |
| RSG Republic Services Inc. | 0.23% | 65,704 | $16.2M | Reduce -47.3% |
| GILD Gilead Sciences Inc. | 0.23% | 145,594 | $16.1M | Reduce -29.1% |
| STX Seagate Technology Holdings | 0.22% | 110,139 | $15.9M | Add +1.6% |
| ROK Rockwell Automation Inc. | 0.22% | 47,606 | $15.8M | Add +137.6% |
| AMT American Tower Corp. | 0.22% | 70,391 | $15.6M | Add +693.8% |
| PG The Procter & Gamble Co. | 0.22% | 96,230 | $15.3M | Reduce -27.9% |
| SCHW Schwab (charles) Corp. | 0.21% | 164,623 | $15.0M | Add +251.7% |
| BSY Bentley Systems Inc. Class B | 0.20% | 266,326 | $14.4M | Reduce -19.2% |
| GEN Gen Digital Inc. | 0.20% | 482,239 | $14.2M | Reduce -24.6% |
| MDLZ Mondelez International Inc. Class A | 0.20% | 205,751 | $13.9M | New |
Portfolio Sells Q1 2025 → Q2 2025
| GOOGL Alphabet Inc. Class A | Reduce -46.8% | 1.20% | −0.97 |
| BDX Becton Dickinson and Co. | Reduce -7.1% | 0.77% | −0.44 |
| SW Smurfit Westrock PLC | Reduce -69.5% | 0.13% | −0.34 |
| MMM 3M Co. | Reduce -95.7% | 0.01% | −0.34 |
| LIN Linde PLC | Reduce -4.0% | 2.40% | −0.32 |
| FMX Fomento Economico Mex-SP ADR | Reduce -29.8% | 0.62% | −0.30 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.29 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.29 |
| CSCO Cisco Systems Inc. | Reduce -34.2% | 0.58% | −0.28 |
| ED Consolidated Edison Inc. | Sold out | 0.00% | −0.27 |
| ABT Abbott Laboratories | Reduce -80.5% | 0.06% | −0.25 |
| UPS United Parcel Service Class B | Reduce -89.8% | 0.02% | −0.25 |
| RSG Republic Services Inc. | Reduce -47.3% | 0.23% | −0.24 |
| LYB Lyondellbasell Indu Class A | Reduce -80.0% | 0.04% | −0.22 |
| PRU Prudential Financial Inc. | Sold out | 0.00% | −0.21 |
| CRM Salesforce Inc. | Reduce -11.8% | 0.80% | −0.18 |
| ISRG Intuitive Surgical Inc. | Reduce -39.6% | 0.27% | −0.18 |
| OKE Oneok Inc. | Reduce -47.8% | 0.11% | −0.18 |
| MDT Medtronic PLC | Reduce -69.6% | 0.06% | −0.18 |
| CLX Clorox Company | Reduce -87.5% | 0.02% | −0.17 |
| INTU Intuit Inc. | Reduce -56.9% | 0.16% | −0.16 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -26.5% | 0.25% | −0.15 |
| SBAC SBA Communications Corp. | Reduce -49.6% | 0.14% | −0.15 |
| BMY Bristol-Myers Squibb Co. | Reduce -7.8% | 0.25% | −0.14 |
| PG The Procter & Gamble Co. | Reduce -27.9% | 0.22% | −0.14 |
| LUV Southwest Airlines Co. | Sold out | 0.00% | −0.13 |
| PSX Phillips 66 | Reduce -79.6% | 0.03% | −0.13 |
| GILD Gilead Sciences Inc. | Reduce -29.1% | 0.23% | −0.13 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -74.0% | 0.04% | −0.13 |
| ADBE Adobe Inc. | Reduce -3.8% | 0.96% | −0.13 |
| CSGP Costar Group Inc. | Reduce -67.7% | 0.05% | −0.12 |
| PKG Packaging Corp. of America | Sold out | 0.00% | −0.12 |
| RF Regions Financial Corp. | Reduce -48.8% | 0.12% | −0.12 |
| ENPH Enphase Energy Inc. | Sold out | 0.00% | −0.11 |
| UNP Union Pacific Corp. | Reduce -15.1% | 0.34% | −0.11 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −0.11 |
| JNJ Johnson & Johnson | Reduce -4.4% | 0.42% | −0.10 |
| MRK Merck & Co. Inc. | Reduce -2.5% | 0.37% | −0.10 |
| TFC Truist Financial Corp. | Sold out | 0.00% | −0.10 |
| TRGP Targa Resources Corp. | Reduce -90.8% | 0.01% | −0.10 |
| MKC McCormick & Co.-Non VTG SHRS | Sold out | 0.00% | −0.10 |
| ADI Analog Devices Inc. | Reduce -68.3% | 0.05% | −0.10 |
| MPC Marathon Petroleum Corp. | Reduce -64.7% | 0.05% | −0.09 |
| QCOM Qualcomm Inc. | Reduce -19.3% | 0.30% | −0.09 |
| IVZ Invesco Ltd. | Sold out | 0.00% | −0.09 |
| HD Home Depot Inc. | Reduce -9.2% | 0.44% | −0.09 |
| NOW ServiceNow Inc. | Reduce -26.7% | 0.58% | −0.09 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.09 |
| CMI Cummins Inc. | Sold out | 0.00% | −0.09 |
| HPE Hewlett Packard Enterprise | Reduce -77.1% | 0.03% | −0.09 |
Portfolio Buys Q1 2025 → Q2 2025
| SPOT Spotify Technology SA | Add +669.9% | 0.83% | +0.75 |
| LLY Eli Lilly & Co. | Add +73.6% | 2.12% | +0.70 |
| AMZN Amazon.com Inc. | Add +4.7% | 5.18% | +0.47 |
| MRVL Marvell Technology Inc. | Add +74.8% | 0.61% | +0.31 |
| CHD Church & Dwight Co. Inc. | New | 0.27% | +0.27 |
| AXP American Express Co. | Add +742.9% | 0.29% | +0.25 |
| NEM Newmont Corp. | Add +390.3% | 0.31% | +0.25 |
| KDP Keurig Dr Pepper Inc. | Add +1772.6% | 0.26% | +0.24 |
| ETN Eaton Corp. PLC | Add +69.6% | 0.45% | +0.23 |
| MDLZ Mondelez International Inc. Class A | New | 0.20% | +0.20 |
| CLH Clean Harbors Inc. | Add +24.4% | 0.78% | +0.19 |
| JCI Johnson Controls Internation | New | 0.19% | +0.19 |
| ESTC Elastic NV | Add +105.6% | 0.44% | +0.19 |
| HBAN Huntington Bancshares Inc. | New | 0.19% | +0.19 |
| AMT American Tower Corp. | Add +693.8% | 0.22% | +0.19 |
| PANW Palo Alto Networks Inc. | Add +22.2% | 0.75% | +0.19 |
| ACN Accenture PLC Class A | Add +34.9% | 1.23% | +0.19 |
| DDOG Datadog Inc. Class A | Add +3.3% | 0.82% | +0.18 |
| IRM Iron Mountain Inc. | New | 0.17% | +0.17 |
| HIG Hartford Insurance Group Inc. | New | 0.16% | +0.16 |
| BSX Boston Scientific Corp. | Add +59.4% | 0.44% | +0.16 |
| SCHW Schwab (charles) Corp. | Add +251.7% | 0.21% | +0.15 |
| BR Broadridge Financial Solutio | New | 0.15% | +0.15 |
| DT Dynatrace Inc. | Add +35.1% | 0.49% | +0.15 |
| AEM Agnico Eagle Mines Ltd. | Add +52.6% | 0.44% | +0.15 |
| ABNB Airbnb Inc. Class A | Add +338.6% | 0.19% | +0.15 |
| ROK Rockwell Automation Inc. | Add +137.6% | 0.22% | +0.14 |
| PLTR Palantir Technologies Inc. Class A | Add +77.3% | 0.23% | +0.14 |
| TJX TJX Companies Inc. | New | 0.13% | +0.13 |
| FITB Fifth Third Bancorp | New | 0.13% | +0.13 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +241.2% | 0.16% | +0.12 |
| CTSH Cognizant Tech Solutions-A | New | 0.12% | +0.12 |
| HII Huntington Ingalls Industrie | New | 0.12% | +0.12 |
| LHX L3HARRIS Technologies Inc. | New | 0.12% | +0.12 |
| VTR Ventas Inc. | Add +73.0% | 0.36% | +0.11 |
| AIZ Assurant Inc. | New | 0.11% | +0.11 |
| NEE Nextera Energy Inc. | Add +31.4% | 0.76% | +0.11 |
| DLTR Dollar Tree Inc. | New | 0.11% | +0.11 |
| EMR Emerson Electric Co. | Add +38.5% | 0.31% | +0.11 |
| BBY Best Buy Co. Inc. | Add +734.3% | 0.12% | +0.10 |
| JPM JPMorgan Chase & Co. | Add +13.9% | 0.56% | +0.10 |
| HPQ HP Inc. | New | 0.10% | +0.10 |
| WSM Williams-Sonoma Inc. | New | 0.10% | +0.10 |
| TT Trane Technologies PLC | Add +197.6% | 0.14% | +0.10 |
| ARM Arm Holdings PLC-ADR | Add +26.7% | 0.23% | +0.10 |
| KVUE Kenvue Inc. | New | 0.10% | +0.10 |
| TPR Tapestry Inc. | New | 0.09% | +0.09 |
| EQIX Equinix Inc. | Add +29.1% | 0.69% | +0.09 |
| KEY Keycorp | Add +161.7% | 0.14% | +0.09 |
| CARR Carrier Global Corp. | New | 0.09% | +0.09 |
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 |