LBP Am SA
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 31, 2025), LBP Am SA reported 385 stock positions worth $8.1 billion. Its top holding was Microsoft (MSFT) at 7.6% of the portfolio, followed by Nvidia (NVDA, 6.9%) and Amazon.com (AMZN, 5.1%). Compared with Q2 2025, it opened 43 new positions, sold out of 25, added to 180 and reduced 153. The biggest buy was Apple (AAPL, shares +42%) and the biggest sale Accenture Class A (ACN, shares −62%).
- Most Recent 13F
- Q2 2026
- Location
- Paris, I0
- CIK
- 0001970075
- Portfolio Value
- $8.1B (Q3 2025)
- SEC Filing
- 0001725547-25-004211 ↗ filed Oct 31, 2025
Holdings Value
Holdings 385 stocks · $8.1B
| MSFT Microsoft Corp. | 7.62% | 1,196,339 | $619.6M | Add +6.4% |
| NVDA Nvidia Corp. | 6.86% | 2,992,572 | $558.4M | Add +2.9% |
| AMZN Amazon.com Inc. | 5.12% | 1,895,427 | $416.2M | Add +12.9% |
| AAPL Apple Inc. | 4.16% | 1,328,155 | $338.2M | Add +41.9% |
| V Visa Inc. Class A | 3.20% | 762,453 | $260.3M | Add +10.0% |
| AVGO Broadcom Inc. | 2.63% | 647,905 | $213.8M | Add +2.5% |
| MA Mastercard Inc. Class A | 2.41% | 344,378 | $195.9M | Add +10.2% |
| LLY Eli Lilly & Co. | 2.02% | 215,059 | $164.1M | Add +11.3% |
| TSM Taiwan Semiconductor-SP ADR | 1.92% | 558,207 | $155.9M | Add +7.4% |
| GOOGL Alphabet Inc. Class A | 1.64% | 547,457 | $133.1M | Add +13.5% |
| LIN Linde PLC | 1.63% | 279,192 | $132.6M | Reduce -23.3% |
| TMO Thermo Fisher Scientific Inc. | 1.61% | 270,490 | $131.2M | Add +3.6% |
| META Meta Platforms Inc. Class A | 1.57% | 173,843 | $127.7M | Add +17.7% |
| ORCL Oracle Corp. | 1.32% | 380,677 | $107.1M | Add +1.7% |
| UBER Uber Technologies Inc. | 1.29% | 1,073,388 | $105.2M | Add +0.6% |
| GOOG Alphabet Inc. Class C | 1.29% | 431,349 | $105.1M | Add +11.0% |
| TSLA Tesla Inc. | 1.20% | 219,891 | $97.8M | Add +36.2% |
| VRT Vertiv Holdings Co. Class A | 1.09% | 586,487 | $88.5M | Reduce -27.5% |
| SYK Stryker Corp. | 1.06% | 233,042 | $86.1M | Reduce -2.6% |
| RTX RTX Corp. | 0.91% | 440,005 | $73.6M | Add +53.1% |
| ZS Zscaler Inc. | 0.87% | 237,371 | $71.1M | Reduce -4.6% |
| PANW Palo Alto Networks Inc. | 0.77% | 305,744 | $62.3M | Add +17.7% |
| BDX Becton Dickinson and Co. | 0.76% | 328,138 | $61.4M | Add +3.1% |
| NEE Nextera Energy Inc. | 0.72% | 777,786 | $58.7M | Add +0.2% |
| AMD Advanced Micro Devices | 0.69% | 345,031 | $55.8M | Reduce -25.2% |
| SNOW Snowflake Inc. | 0.66% | 239,657 | $54.1M | Add +20.3% |
| ADBE Adobe Inc. | 0.65% | 148,881 | $52.5M | Reduce -15.4% |
| EQIX Equinix Inc. | 0.64% | 66,723 | $52.3M | Add +8.8% |
| FMX Fomento Economico Mex-SP ADR | 0.63% | 518,532 | $51.1M | Add +22.1% |
| MRVL Marvell Technology Inc. | 0.62% | 597,649 | $50.2M | Add +6.3% |
| MELI MercadoLibre Inc. | 0.61% | 21,256 | $49.7M | Add +5.6% |
| ETN Eaton Corp. PLC | 0.59% | 128,281 | $48.0M | Add +43.3% |
| CRM Salesforce Inc. | 0.59% | 201,377 | $47.7M | Reduce -3.3% |
| NDAQ Nasdaq Inc. | 0.58% | 537,464 | $47.5M | Add +4.4% |
| DDOG Datadog Inc. Class A | 0.58% | 330,779 | $47.1M | Reduce -23.7% |
| NOW ServiceNow Inc. | 0.58% | 51,135 | $47.1M | Add +28.6% |
| CLH Clean Harbors Inc. | 0.57% | 201,326 | $46.8M | Reduce -16.4% |
| SPOT Spotify Technology SA | 0.55% | 63,859 | $44.6M | Reduce -17.2% |
| JPM JPMorgan Chase & Co. | 0.54% | 139,720 | $44.1M | Add +1.1% |
| CDNS Cadence Design SYS Inc. | 0.52% | 119,502 | $42.0M | Add +8.5% |
| XYL Xylem Inc. | 0.51% | 282,484 | $41.7M | Add +0.6% |
| MRK Merck & Co. Inc. | 0.50% | 485,839 | $40.8M | Add +44.6% |
| GEV GE Vernova Inc. | 0.48% | 63,817 | $39.2M | Reduce -15.2% |
| BSX Boston Scientific Corp. | 0.48% | 400,859 | $39.1M | Add +38.1% |
| HD Home Depot Inc. | 0.48% | 95,555 | $38.7M | Add +11.1% |
| CSCO Cisco Systems Inc. | 0.48% | 564,834 | $38.6M | Reduce -4.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.47% | 136,659 | $38.6M | Add +24.8% |
| BNTX Biontech SE-ADR | 0.43% | 353,329 | $34.8M | Add +15.7% |
| DT Dynatrace Inc. | 0.42% | 707,637 | $34.3M | Add +12.1% |
| VTR Ventas Inc. | 0.41% | 479,818 | $33.6M | Add +17.6% |
| SPGI S&P Global Inc. | 0.41% | 68,858 | $33.5M | Add +32.8% |
| ABBV Abbvie Inc. | 0.41% | 143,681 | $33.3M | Reduce -25.6% |
| COR Cencora Inc. | 0.40% | 104,904 | $32.8M | Add +67.1% |
| PLTR Palantir Technologies Inc. Class A | 0.40% | 179,027 | $32.7M | Add +49.4% |
| AEM Agnico Eagle Mines Ltd. | 0.39% | 189,022 | $31.9M | Reduce -27.4% |
| MDB Mongodb Inc. | 0.38% | 98,737 | $30.6M | Reduce -9.2% |
| JNJ Johnson & Johnson | 0.37% | 163,591 | $30.3M | Reduce -16.9% |
| ESTC Elastic NV | 0.37% | 353,872 | $29.9M | Reduce -5.2% |
| ACN Accenture PLC Class A | 0.34% | 111,885 | $27.6M | Reduce -61.8% |
| BIRK Birkenstock Holding PLC | 0.34% | 606,309 | $27.4M | Add +0.0% |
| BALL Ball Corp. | 0.33% | 540,278 | $27.2M | Add +0.5% |
| AMAT Applied Materials Inc. | 0.33% | 133,005 | $27.2M | Add +744.6% |
| UNP Union Pacific Corp. | 0.33% | 115,053 | $27.2M | Add +9.8% |
| QCOM Qualcomm Inc. | 0.33% | 159,473 | $26.5M | Add +20.0% |
| CHD Church & Dwight Co. Inc. | 0.31% | 291,729 | $25.6M | Add +44.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.31% | 51,932 | $25.5M | Add +26.2% |
| PEP Pepsico Inc. | 0.31% | 179,392 | $25.2M | New |
| CFLT Confluent Inc. Class A | 0.30% | 1,251,413 | $24.8M | Add +13.3% |
| NEM Newmont Corp. | 0.30% | 291,252 | $24.6M | Reduce -22.7% |
| TRV The Travelers Cos Inc. | 0.30% | 87,799 | $24.5M | New |
| APP AppLovin Corp. Class A | 0.30% | 33,839 | $24.3M | Add +40.7% |
| INTC Intel Corp. | 0.29% | 701,325 | $23.5M | Reduce -4.6% |
| NFLX Netflix Inc. | 0.29% | 19,526 | $23.4M | Add +25.2% |
| ADP Automatic Data Processing | 0.28% | 78,171 | $22.9M | Add +20.5% |
| ECL Ecolab Inc. | 0.27% | 81,397 | $22.3M | Reduce -29.9% |
| EMR Emerson Electric Co. | 0.27% | 167,474 | $22.0M | Add +1.3% |
| GEHC GE Healthcare Technology | 0.27% | 286,976 | $21.6M | New |
| AXP American Express Co. | 0.26% | 64,258 | $21.3M | Add +1.0% |
| GE General Electric filed as GE AEROSPACE | 0.26% | 70,301 | $21.1M | Reduce -19.8% |
| ISRG Intuitive Surgical Inc. | 0.25% | 45,426 | $20.3M | Add +28.2% |
| CVS CVS Health Corp. | 0.25% | 269,064 | $20.3M | Add +12.7% |
| INCY Incyte Corp. | 0.25% | 238,705 | $20.2M | Add +33.6% |
| WAB Wabtec Corp. | 0.25% | 100,938 | $20.2M | New |
| STX Seagate Technology Holdings | 0.24% | 84,419 | $19.9M | Reduce -23.4% |
| ADSK Autodesk Inc. | 0.23% | 58,665 | $18.6M | Reduce -5.1% |
| SPG Simon Property Group Inc. | 0.23% | 98,951 | $18.6M | Reduce -8.4% |
| ANET Arista Networks Inc. | 0.23% | 127,164 | $18.5M | Reduce -1.6% |
| CL Colgate-Palmolive Co. | 0.22% | 228,323 | $18.3M | Add +7.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.22% | 351,677 | $18.1M | Add +31.6% |
| KTOS Kratos Defense & Security | 0.22% | 194,238 | $17.7M | Reduce -13.8% |
| CBRE CBRE Group Inc. Class A | 0.22% | 111,148 | $17.5M | Reduce -7.1% |
| LHX L3HARRIS Technologies Inc. | 0.21% | 57,104 | $17.4M | Add +73.6% |
| VRTX Vertex Pharmaceuticals Inc. | 0.21% | 44,279 | $17.3M | Add +12.6% |
| CTSH Cognizant Tech Solutions-A | 0.21% | 257,447 | $17.3M | Add +135.2% |
| KMB Kimberly-Clark Corp. | 0.21% | 137,486 | $17.1M | Add +28.6% |
| BMY Bristol-Myers Squibb Co. | 0.21% | 374,759 | $16.9M | Reduce -4.0% |
| MPC Marathon Petroleum Corp. | 0.21% | 87,606 | $16.9M | Add +279.6% |
| CEG Constellation Energy | 0.21% | 50,723 | $16.7M | Reduce -12.3% |
| ROK Rockwell Automation Inc. | 0.20% | 47,532 | $16.6M | Reduce -0.2% |
| GILD Gilead Sciences Inc. | 0.20% | 148,122 | $16.4M | Add +1.7% |
Portfolio Sells Q2 2025 → Q3 2025
| ACN Accenture PLC Class A | Reduce -61.8% | 0.34% | −0.89 |
| LIN Linde PLC | Reduce -23.3% | 1.63% | −0.77 |
| VRT Vertiv Holdings Co. Class A | Reduce -27.5% | 1.09% | −0.37 |
| ADBE Adobe Inc. | Reduce -15.4% | 0.65% | −0.31 |
| SPOT Spotify Technology SA | Reduce -17.2% | 0.55% | −0.28 |
| SYK Stryker Corp. | Reduce -2.6% | 1.06% | −0.27 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.26 |
| DDOG Datadog Inc. Class A | Reduce -23.7% | 0.58% | −0.24 |
| AMD Advanced Micro Devices | Reduce -25.2% | 0.69% | −0.24 |
| ZS Zscaler Inc. | Reduce -4.6% | 0.87% | −0.23 |
| CRM Salesforce Inc. | Reduce -3.3% | 0.59% | −0.21 |
| CLH Clean Harbors Inc. | Reduce -16.4% | 0.57% | −0.21 |
| ECL Ecolab Inc. | Reduce -29.9% | 0.27% | −0.17 |
| RSG Republic Services Inc. | Reduce -46.3% | 0.10% | −0.13 |
| CAMT Camtek Ltd. | Sold out | 0.00% | −0.13 |
| COO The Cooper Cos Inc. | Sold out | 0.00% | −0.13 |
| TJX TJX Companies Inc. | Reduce -90.7% | 0.01% | −0.12 |
| CSCO Cisco Systems Inc. | Reduce -4.9% | 0.48% | −0.10 |
| RDW Redwire Corp. | Sold out | 0.00% | −0.10 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.10 |
| ABBV Abbvie Inc. | Reduce -25.6% | 0.41% | −0.10 |
| BSY Bentley Systems Inc. Class B | Reduce -34.9% | 0.11% | −0.09 |
| COST Costco Wholesale Corp. | Reduce -21.5% | 0.16% | −0.09 |
| CFG Citizens Financial Group | Sold out | 0.00% | −0.08 |
| ARM Arm Holdings PLC-ADR | Reduce -14.4% | 0.15% | −0.08 |
| GEV GE Vernova Inc. | Reduce -15.2% | 0.48% | −0.08 |
| IRDM Iridium Communications Inc. | Sold out | 0.00% | −0.08 |
| ESTC Elastic NV | Reduce -5.2% | 0.37% | −0.08 |
| MSCI MSCI Inc. | Sold out | 0.00% | −0.07 |
| ABNB Airbnb Inc. Class A | Reduce -19.8% | 0.12% | −0.07 |
| NSC Norfolk Southern Corp. | Sold out | 0.00% | −0.07 |
| MET Metlife Inc. | Sold out | 0.00% | −0.06 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -37.5% | 0.10% | −0.06 |
| CEG Constellation Energy | Reduce -12.3% | 0.21% | −0.06 |
| GE General Electric | Reduce -19.8% | 0.26% | −0.06 |
| GDDY GoDaddy Inc. Class A | Reduce -8.9% | 0.09% | −0.06 |
| SHOP Shopify Inc. Class A | Reduce -32.2% | 0.18% | −0.06 |
| DASH DoorDash Inc. Class A | Reduce -57.9% | 0.04% | −0.05 |
| EME Emcor Group Inc. | Reduce -79.6% | 0.01% | −0.05 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.05 |
| JNJ Johnson & Johnson | Reduce -16.9% | 0.37% | −0.05 |
| BMY Bristol-Myers Squibb Co. | Reduce -4.0% | 0.21% | −0.05 |
| MDT Medtronic PLC | Reduce -69.4% | 0.02% | −0.05 |
| ZTS Zoetis Inc. | Reduce -0.3% | 0.20% | −0.05 |
| AEM Agnico Eagle Mines Ltd. | Reduce -27.4% | 0.39% | −0.04 |
| GEN Gen Digital Inc. | Reduce -6.5% | 0.16% | −0.04 |
| ADSK Autodesk Inc. | Reduce -5.1% | 0.23% | −0.04 |
| FDS Factset Research Systems Inc. | Sold out | 0.00% | −0.04 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.3% | 0.16% | −0.04 |
| WMS Advanced Drainage Systems Inc. | Sold out | 0.00% | −0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +41.9% | 4.16% | +1.46 |
| TSLA Tesla Inc. | Add +36.2% | 1.20% | +0.48 |
| GOOGL Alphabet Inc. Class A | Add +13.5% | 1.64% | +0.44 |
| NVDA Nvidia Corp. | Add +2.9% | 6.86% | +0.40 |
| GOOG Alphabet Inc. Class C | Add +11.0% | 1.29% | +0.32 |
| RTX RTX Corp. | Add +53.1% | 0.91% | +0.31 |
| PEP Pepsico Inc. | New | 0.31% | +0.31 |
| TRV The Travelers Cos Inc. | New | 0.30% | +0.30 |
| AMAT Applied Materials Inc. | Add +744.6% | 0.33% | +0.29 |
| GEHC GE Healthcare Technology | New | 0.27% | +0.27 |
| TSM Taiwan Semiconductor-SP ADR | Add +7.4% | 1.92% | +0.26 |
| WAB Wabtec Corp. | New | 0.25% | +0.25 |
| APP AppLovin Corp. Class A | Add +40.7% | 0.30% | +0.18 |
| AVGO Broadcom Inc. | Add +2.5% | 2.63% | +0.18 |
| PLTR Palantir Technologies Inc. Class A | Add +49.4% | 0.40% | +0.17 |
| DIS The Walt Disney Co. | Add +695.6% | 0.20% | +0.17 |
| ORCL Oracle Corp. | Add +1.7% | 1.32% | +0.16 |
| MPC Marathon Petroleum Corp. | Add +279.6% | 0.21% | +0.15 |
| ETN Eaton Corp. PLC | Add +43.3% | 0.59% | +0.14 |
| LOW Lowe's Cos Inc. | Add +308.7% | 0.18% | +0.14 |
| COR Cencora Inc. | Add +67.1% | 0.40% | +0.14 |
| FSLR First Solar Inc. | New | 0.13% | +0.13 |
| MRK Merck & Co. Inc. | Add +44.6% | 0.50% | +0.13 |
| REGN Regeneron Pharmaceuticals | Add +3261.1% | 0.13% | +0.13 |
| FAST Fastenal Co. | New | 0.13% | +0.13 |
| TMO Thermo Fisher Scientific Inc. | Add +3.6% | 1.61% | +0.12 |
| MAR Marriott International Class A | Add +897.7% | 0.14% | +0.12 |
| AJG Arthur J Gallagher & Co. | New | 0.11% | +0.11 |
| LHX L3HARRIS Technologies Inc. | Add +73.6% | 0.21% | +0.10 |
| CTSH Cognizant Tech Solutions-A | Add +135.2% | 0.21% | +0.09 |
| BMI Badger Meter Inc. | New | 0.08% | +0.08 |
| INCY Incyte Corp. | Add +33.6% | 0.25% | +0.08 |
| EMBJ Embraer SA-Spon ADR | New | 0.08% | +0.08 |
| CMI Cummins Inc. | New | 0.08% | +0.08 |
| HASI Ha Sustainable Infrastructur | Add +120.3% | 0.14% | +0.07 |
| BLK BlackRock Inc. | New | 0.06% | +0.06 |
| COIN Coinbase Global Inc. Class A | New | 0.06% | +0.06 |
| GILT Gilat Satellite Networks Ltd. | Add +29.0% | 0.12% | +0.06 |
| TER Teradyne Inc. | New | 0.06% | +0.06 |
| BKSY Blacksky Technology Inc. | Add +220.8% | 0.09% | +0.06 |
| CAT Caterpillar Inc. | Add +246.1% | 0.08% | +0.06 |
| BEPC Brookfield Renewable Corp. | New | 0.06% | +0.06 |
| FIS Fidelity National Info Serv | Add +1777.2% | 0.06% | +0.05 |
| FOUR SHIFT4 Payments Inc. Class A | New | 0.05% | +0.05 |
| PWR Quanta Services Inc. | New | 0.05% | +0.05 |
| VZ Verizon Communications Inc. | New | 0.05% | +0.05 |
| VTR Ventas Inc. | Add +17.6% | 0.41% | +0.05 |
| LDOS Leidos Holdings Inc. | Add +43.9% | 0.15% | +0.05 |
| ELV Elevance Health Inc. | New | 0.05% | +0.05 |
| ROST Ross Stores Inc. | New | 0.05% | +0.05 |
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 |