LBP Am SA
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 26, 2026), LBP Am SA reported 408 stock positions worth $8.6 billion. Its top holding was Microsoft (MSFT) at 6.7% of the portfolio, followed by Nvidia (NVDA, 6.5%) and Amazon.com (AMZN, 5.5%). Compared with Q3 2025, it opened 51 new positions, sold out of 28, added to 177 and reduced 152. The biggest buy was Eli Lilly (LLY, shares +4%) and the biggest sale Microsoft (MSFT, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- Paris, I0
- CIK
- 0001970075
- Portfolio Value
- $8.6B (Q4 2025)
- SEC Filing
- 0001725547-26-000040 ↗ filed Jan 26, 2026
Holdings Value
Holdings 408 stocks · $8.6B
| MSFT Microsoft Corp. | 6.70% | 1,195,004 | $577.9M | Reduce -0.1% |
| NVDA Nvidia Corp. | 6.49% | 3,001,702 | $559.8M | Add +0.3% |
| AMZN Amazon.com Inc. | 5.47% | 2,043,679 | $471.7M | Add +7.8% |
| AAPL Apple Inc. | 4.64% | 1,471,769 | $400.1M | Add +10.8% |
| V Visa Inc. Class A | 3.27% | 803,802 | $281.9M | Add +5.4% |
| LLY Eli Lilly & Co. | 2.79% | 224,166 | $240.9M | Add +4.2% |
| MA Mastercard Inc. Class A | 2.48% | 374,065 | $213.5M | Add +8.6% |
| AVGO Broadcom Inc. | 2.30% | 573,276 | $198.4M | Reduce -11.5% |
| TSM Taiwan Semiconductor-SP ADR | 1.91% | 541,521 | $164.6M | Reduce -3.0% |
| GOOGL Alphabet Inc. Class A | 1.86% | 513,199 | $160.6M | Reduce -6.3% |
| META Meta Platforms Inc. Class A | 1.49% | 195,010 | $128.7M | Add +12.2% |
| GOOG Alphabet Inc. Class C | 1.47% | 404,254 | $126.9M | Reduce -6.3% |
| TMO Thermo Fisher Scientific Inc. | 1.44% | 214,300 | $124.2M | Reduce -20.8% |
| LIN Linde PLC | 1.44% | 291,108 | $124.1M | Add +4.3% |
| TSLA Tesla Inc. | 1.34% | 256,507 | $115.4M | Add +16.6% |
| UBER Uber Technologies Inc. | 1.20% | 1,269,460 | $103.7M | Add +18.3% |
| AMD Advanced Micro Devices | 1.03% | 414,383 | $88.7M | Add +20.1% |
| SYK Stryker Corp. | 0.98% | 240,681 | $84.6M | Add +3.3% |
| VRT Vertiv Holdings Co. Class A | 0.95% | 503,993 | $81.7M | Reduce -14.1% |
| RTX RTX Corp. | 0.90% | 421,915 | $77.4M | Reduce -4.1% |
| ZS Zscaler Inc. | 0.84% | 322,488 | $72.5M | Add +35.9% |
| ORCL Oracle Corp. | 0.79% | 350,246 | $68.3M | Reduce -8.0% |
| TEL Te Connectivity PLC | 0.77% | 293,671 | $66.8M | Add +760.0% |
| PANW Palo Alto Networks Inc. | 0.65% | 304,035 | $56.0M | Reduce -0.6% |
| FMX Fomento Economico Mex-SP ADR | 0.62% | 529,380 | $53.5M | Add +2.1% |
| EQIX Equinix Inc. | 0.61% | 69,066 | $52.9M | Add +3.5% |
| SNOW Snowflake Inc. | 0.60% | 236,949 | $52.0M | Reduce -1.1% |
| SPGI S&P Global Inc. | 0.58% | 96,531 | $50.4M | Add +40.2% |
| ADBE Adobe Inc. | 0.58% | 143,357 | $50.2M | Reduce -3.7% |
| APP AppLovin Corp. Class A | 0.57% | 73,248 | $49.4M | Add +116.5% |
| GEV GE Vernova Inc. | 0.57% | 75,214 | $49.2M | Add +17.9% |
| COST Costco Wholesale Corp. | 0.56% | 56,408 | $48.6M | Add +292.4% |
| NOW ServiceNow Inc. | 0.56% | 314,063 | $48.1M | Add +22.8% |
| MELI MercadoLibre Inc. | 0.56% | 23,784 | $47.9M | Add +11.9% |
| MDB Mongodb Inc. | 0.53% | 109,909 | $46.1M | Add +11.3% |
| DDOG Datadog Inc. Class A | 0.48% | 307,645 | $41.8M | Reduce -7.0% |
| NDAQ Nasdaq Inc. | 0.48% | 427,955 | $41.6M | Reduce -20.4% |
| BSX Boston Scientific Corp. | 0.48% | 434,393 | $41.4M | Add +8.4% |
| JNJ Johnson & Johnson | 0.48% | 199,498 | $41.3M | Add +21.9% |
| MRVL Marvell Technology Inc. | 0.47% | 473,060 | $40.2M | Reduce -20.9% |
| CSCO Cisco Systems Inc. | 0.46% | 517,437 | $39.9M | Reduce -8.4% |
| MRK Merck & Co. Inc. | 0.46% | 377,424 | $39.7M | Reduce -22.3% |
| XYL Xylem Inc. | 0.45% | 287,535 | $39.2M | Add +1.8% |
| INTU Intuit Inc. | 0.45% | 58,723 | $38.9M | Add +252.8% |
| NEE Nextera Energy Inc. | 0.45% | 479,886 | $38.5M | Reduce -38.3% |
| CDNS Cadence Design SYS Inc. | 0.44% | 121,725 | $38.0M | Add +1.9% |
| PEP Pepsico Inc. | 0.42% | 249,558 | $35.8M | Add +39.1% |
| JPM JPMorgan Chase & Co. | 0.41% | 111,077 | $35.8M | Reduce -20.5% |
| HD Home Depot Inc. | 0.41% | 103,860 | $35.7M | Add +8.7% |
| BNTX Biontech SE-ADR | 0.41% | 368,584 | $35.1M | Add +4.3% |
| ETN Eaton Corp. PLC | 0.41% | 109,918 | $35.0M | Reduce -14.3% |
| ABBV Abbvie Inc. | 0.40% | 152,359 | $34.8M | Add +6.0% |
| DT Dynatrace Inc. | 0.39% | 776,955 | $33.7M | Add +9.8% |
| SPOT Spotify Technology SA | 0.39% | 57,627 | $33.5M | Reduce -9.8% |
| CRM Salesforce Inc. | 0.38% | 122,998 | $32.6M | Reduce -38.9% |
| VRTX Vertex Pharmaceuticals Inc. | 0.35% | 67,197 | $30.5M | Add +51.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.34% | 98,830 | $29.3M | Reduce -27.7% |
| QCOM Qualcomm Inc. | 0.33% | 164,946 | $28.2M | Add +3.4% |
| INTC Intel Corp. | 0.33% | 764,558 | $28.2M | Add +9.0% |
| LHX L3HARRIS Technologies Inc. | 0.32% | 95,137 | $27.9M | Add +66.6% |
| HON Honeywell International Inc. | 0.32% | 141,148 | $27.5M | Add +2210.5% |
| GILD Gilead Sciences Inc. | 0.32% | 223,304 | $27.4M | Add +50.8% |
| NFLX Netflix Inc. | 0.32% | 290,971 | $27.3M | Add +49.0% |
| COR Cencora Inc. | 0.31% | 80,106 | $27.1M | Reduce -23.6% |
| NEM Newmont Corp. | 0.31% | 270,482 | $27.0M | Reduce -7.1% |
| T AT&T Inc. | 0.31% | 1,069,072 | $26.6M | Add +257.3% |
| ECL Ecolab Inc. | 0.31% | 100,461 | $26.4M | Add +23.4% |
| ESTC Elastic NV | 0.30% | 346,319 | $26.1M | Reduce -2.1% |
| MU Micron Technology Inc. | 0.30% | 90,173 | $25.7M | Add +430.8% |
| PFE Pfizer Inc. | 0.29% | 1,016,663 | $25.3M | Add +190.8% |
| ACN Accenture PLC Class A | 0.29% | 92,913 | $24.9M | Reduce -17.0% |
| VTR Ventas Inc. | 0.29% | 318,258 | $24.6M | Reduce -33.7% |
| F Ford Motor Co. filed as FORD MTR CO | 0.28% | 1,873,354 | $24.6M | Add +6310.1% |
| FSLR First Solar Inc. | 0.28% | 91,584 | $23.9M | Add +85.1% |
| AXP American Express Co. | 0.28% | 64,185 | $23.7M | Reduce -0.1% |
| GEHC GE Healthcare Technology | 0.27% | 286,040 | $23.5M | Reduce -0.3% |
| INCY Incyte Corp. | 0.27% | 231,427 | $22.9M | Reduce -3.0% |
| WAB Wabtec Corp. | 0.25% | 102,678 | $21.9M | Add +1.7% |
| EMR Emerson Electric Co. | 0.25% | 164,449 | $21.8M | Reduce -1.8% |
| AEM Agnico Eagle Mines Ltd. | 0.25% | 128,510 | $21.8M | Reduce -32.0% |
| CHD Church & Dwight Co. Inc. | 0.25% | 259,370 | $21.7M | Reduce -11.1% |
| ADP Automatic Data Processing | 0.25% | 82,369 | $21.2M | Add +5.4% |
| TT Trane Technologies PLC | 0.24% | 54,112 | $21.1M | Add +153.0% |
| GE General Electric filed as GE AEROSPACE | 0.24% | 67,981 | $20.9M | Reduce -3.3% |
| CL Colgate-Palmolive Co. | 0.24% | 262,102 | $20.7M | Add +14.8% |
| GEN Gen Digital Inc. | 0.23% | 738,272 | $20.1M | Add +63.7% |
| ISRG Intuitive Surgical Inc. | 0.23% | 35,043 | $19.8M | Reduce -22.9% |
| CVS CVS Health Corp. | 0.23% | 249,459 | $19.8M | Reduce -7.3% |
| MCO Moody's Corp. | 0.23% | 38,751 | $19.8M | Add +5179.4% |
| TRMB Trimble Inc. | 0.23% | 252,044 | $19.7M | Add +43.2% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.22% | 40,735 | $19.1M | Reduce -21.6% |
| MS Morgan Stanley | 0.22% | 106,880 | $19.0M | Add +59.6% |
| CBRE CBRE Group Inc. Class A | 0.22% | 117,700 | $18.9M | Add +5.9% |
| SPG Simon Property Group Inc. | 0.22% | 101,439 | $18.8M | Add +2.5% |
| WELL Welltower Inc. | 0.21% | 99,444 | $18.5M | Add +306.7% |
| ROK Rockwell Automation Inc. | 0.21% | 47,243 | $18.4M | Reduce -0.6% |
| AMT American Tower Corp. | 0.21% | 104,398 | $18.3M | Add +47.7% |
| TDY Teledyne Technologies Inc. | 0.21% | 34,983 | $17.9M | Add +24.8% |
| SCHW Schwab (charles) Corp. | 0.20% | 174,974 | $17.5M | Add +4.9% |
| ADSK Autodesk Inc. | 0.20% | 58,636 | $17.4M | Reduce -0.1% |
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -0.1% | 6.70% | −0.92 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.76 |
| ORCL Oracle Corp. | Reduce -8.0% | 0.79% | −0.52 |
| CLH Clean Harbors Inc. | Reduce -73.0% | 0.15% | −0.43 |
| PLTR Palantir Technologies Inc. Class A | Reduce -89.4% | 0.04% | −0.36 |
| BIRK Birkenstock Holding PLC | Sold out | 0.00% | −0.34 |
| AVGO Broadcom Inc. | Reduce -11.5% | 2.30% | −0.33 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −0.30 |
| TRV The Travelers Cos Inc. | Sold out | 0.00% | −0.30 |
| BALL Ball Corp. | Reduce -86.7% | 0.04% | −0.29 |
| NEE Nextera Energy Inc. | Reduce -38.3% | 0.45% | −0.28 |
| AMAT Applied Materials Inc. | Reduce -81.5% | 0.07% | −0.26 |
| CRM Salesforce Inc. | Reduce -38.9% | 0.38% | −0.21 |
| UNP Union Pacific Corp. | Reduce -55.5% | 0.14% | −0.20 |
| ETN Eaton Corp. PLC | Reduce -14.3% | 0.41% | −0.18 |
| DIS The Walt Disney Co. | Reduce -90.6% | 0.02% | −0.18 |
| TMO Thermo Fisher Scientific Inc. | Reduce -20.8% | 1.44% | −0.17 |
| SPOT Spotify Technology SA | Reduce -9.8% | 0.39% | −0.16 |
| MPC Marathon Petroleum Corp. | Reduce -70.5% | 0.05% | −0.16 |
| MRVL Marvell Technology Inc. | Reduce -20.9% | 0.47% | −0.15 |
| VRT Vertiv Holdings Co. Class A | Reduce -14.1% | 0.95% | −0.14 |
| AEM Agnico Eagle Mines Ltd. | Reduce -32.0% | 0.25% | −0.14 |
| TTEK Tetra Tech Inc. | Reduce -98.0% | 0.00% | −0.14 |
| MDLZ Mondelez International Inc. Class A | Reduce -85.9% | 0.02% | −0.14 |
| IBM Intl Business Machines Corp. | Reduce -27.7% | 0.34% | −0.13 |
| BAC Bank of America Corp. | Reduce -59.0% | 0.09% | −0.13 |
| VTR Ventas Inc. | Reduce -33.7% | 0.29% | −0.13 |
| HII Huntington Ingalls Industrie | Sold out | 0.00% | −0.13 |
| JPM JPMorgan Chase & Co. | Reduce -20.5% | 0.41% | −0.13 |
| CEG Constellation Energy | Reduce -62.2% | 0.08% | −0.13 |
| HWM Howmet Aerospace Inc. | Reduce -71.6% | 0.05% | −0.12 |
| PANW Palo Alto Networks Inc. | Reduce -0.6% | 0.65% | −0.12 |
| CTSH Cognizant Tech Solutions-A | Reduce -60.0% | 0.10% | −0.11 |
| TGT Target Corp. | Reduce -95.2% | 0.01% | −0.11 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −0.11 |
| SBAC SBA Communications Corp. | Sold out | 0.00% | −0.10 |
| NDAQ Nasdaq Inc. | Reduce -20.4% | 0.48% | −0.10 |
| WDAY Workday Inc. Class A | Reduce -57.6% | 0.05% | −0.10 |
| DDOG Datadog Inc. Class A | Reduce -7.0% | 0.48% | −0.09 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -21.6% | 0.22% | −0.09 |
| COR Cencora Inc. | Reduce -23.6% | 0.31% | −0.09 |
| AVB Avalonbay Communities Inc. | Sold out | 0.00% | −0.09 |
| SYF Synchrony Financial | Reduce -87.0% | 0.01% | −0.09 |
| AER Aercap Holdings NV | Reduce -91.8% | 0.01% | −0.08 |
| KDP Keurig Dr Pepper Inc. | Reduce -49.7% | 0.09% | −0.08 |
| BKNG Booking Holdings Inc. | Reduce -40.8% | 0.10% | −0.08 |
| SW Smurfit Westrock PLC | Reduce -84.0% | 0.01% | −0.08 |
| REGN Regeneron Pharmaceuticals | Reduce -68.3% | 0.05% | −0.08 |
| ANET Arista Networks Inc. | Reduce -19.9% | 0.15% | −0.07 |
| ZTS Zoetis Inc. | Reduce -16.6% | 0.14% | −0.07 |
Portfolio Buys Q3 2025 → Q4 2025
| LLY Eli Lilly & Co. | Add +4.2% | 2.79% | +0.78 |
| TEL Te Connectivity PLC | Add +760.0% | 0.77% | +0.68 |
| AAPL Apple Inc. | Add +10.8% | 4.64% | +0.48 |
| COST Costco Wholesale Corp. | Add +292.4% | 0.56% | +0.40 |
| AMZN Amazon.com Inc. | Add +7.8% | 5.47% | +0.35 |
| AMD Advanced Micro Devices | Add +20.1% | 1.03% | +0.34 |
| INTU Intuit Inc. | Add +252.8% | 0.45% | +0.31 |
| HON Honeywell International Inc. | Add +2210.5% | 0.32% | +0.30 |
| F Ford Motor Co. | Add +6310.1% | 0.28% | +0.28 |
| APP AppLovin Corp. Class A | Add +116.5% | 0.57% | +0.27 |
| MU Micron Technology Inc. | Add +430.8% | 0.30% | +0.26 |
| MCO Moody's Corp. | Add +5179.4% | 0.23% | +0.23 |
| T AT&T Inc. | Add +257.3% | 0.31% | +0.20 |
| PFE Pfizer Inc. | Add +190.8% | 0.29% | +0.18 |
| SPGI S&P Global Inc. | Add +40.2% | 0.58% | +0.17 |
| NKE Nike Inc. Class B | New | 0.17% | +0.17 |
| SBRA Sabra Health Care REIT Inc. | New | 0.17% | +0.17 |
| WELL Welltower Inc. | Add +306.7% | 0.21% | +0.16 |
| MDB Mongodb Inc. | Add +11.3% | 0.53% | +0.16 |
| GLW Corning Inc. | New | 0.15% | +0.15 |
| FSLR First Solar Inc. | Add +85.1% | 0.28% | +0.14 |
| WPM Wheaton Precious Metals Corp. | Add +632.2% | 0.16% | +0.14 |
| TTWO Take-Two Interactive Softwre | Add +298.2% | 0.19% | +0.14 |
| VRTX Vertex Pharmaceuticals Inc. | Add +51.8% | 0.35% | +0.14 |
| TMUS T-Mobile US Inc. | Add +292.5% | 0.20% | +0.14 |
| TSLA Tesla Inc. | Add +16.6% | 1.34% | +0.14 |
| AXON Axon Enterprise Inc. | Add +603.2% | 0.17% | +0.13 |
| TT Trane Technologies PLC | Add +153.0% | 0.24% | +0.13 |
| HSY The Hershey Co. | New | 0.13% | +0.13 |
| VZ Verizon Communications Inc. | Add +298.0% | 0.18% | +0.13 |
| WFC Wells Fargo & Co. | Add +470.8% | 0.15% | +0.13 |
| TFC Truist Financial Corp. | New | 0.13% | +0.13 |
| DHR Danaher Corp. | Add +422.8% | 0.15% | +0.13 |
| TXN Texas Instruments Inc. | Add +743.4% | 0.14% | +0.12 |
| PFG Principal Financial Group | New | 0.12% | +0.12 |
| CNC Centene Corp. | New | 0.12% | +0.12 |
| PCAR Paccar Inc. | New | 0.12% | +0.12 |
| GILD Gilead Sciences Inc. | Add +50.8% | 0.32% | +0.12 |
| UTHR United Therapeutics Corp. | New | 0.11% | +0.11 |
| AMGN Amgen Inc. | Add +108.1% | 0.20% | +0.11 |
| LHX L3HARRIS Technologies Inc. | Add +66.6% | 0.32% | +0.11 |
| EW Edwards Lifesciences Corp. | Add +502.2% | 0.13% | +0.11 |
| JNJ Johnson & Johnson | Add +21.9% | 0.48% | +0.11 |
| PEP Pepsico Inc. | Add +39.1% | 0.42% | +0.11 |
| UNH Unitedhealth Group Inc. | New | 0.10% | +0.10 |
| AVY Avery Dennison Corp. | New | 0.10% | +0.10 |
| HOOD Robinhood Markets Inc. Class A | Add +1564.9% | 0.10% | +0.10 |
| SJM The JM Smucker Co. | Add +589.8% | 0.11% | +0.09 |
| IP International Paper Co. | New | 0.09% | +0.09 |
| MS Morgan Stanley | Add +59.6% | 0.22% | +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 |