LBP Am SA
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 27, 2026), LBP Am SA reported 388 stock positions worth $7.3 billion. Its top holding was Nvidia (NVDA) at 6.6% of the portfolio, followed by Microsoft (MSFT, 6.2%) and Amazon.com (AMZN, 5.4%). Compared with Q4 2025, it opened 55 new positions, sold out of 75, added to 123 and reduced 184. The biggest buy was Netflix (NFLX, shares +138%) and the biggest sale Zscaler (ZS, shares −70%).
- Most Recent 13F
- Q2 2026
- Location
- Paris, I0
- CIK
- 0001970075
- Portfolio Value
- $7.3B (Q1 2026)
- SEC Filing
- 0001725547-26-000163 ↗ filed Apr 27, 2026
Holdings Value
Holdings 388 stocks · $7.3B
| NVDA Nvidia Corp. | 6.55% | 2,748,629 | $479.4M | Reduce -8.4% |
| MSFT Microsoft Corp. | 6.24% | 1,233,032 | $456.4M | Add +3.2% |
| AMZN Amazon.com Inc. | 5.36% | 1,882,675 | $392.1M | Reduce -7.9% |
| AAPL Apple Inc. | 4.46% | 1,284,226 | $325.9M | Reduce -12.7% |
| V Visa Inc. Class A | 3.22% | 779,193 | $235.5M | Reduce -3.1% |
| AVGO Broadcom Inc. | 2.59% | 611,963 | $189.4M | Add +6.8% |
| LLY Eli Lilly & Co. | 2.35% | 186,999 | $172.0M | Reduce -16.6% |
| TSM Taiwan Semiconductor-SP ADR | 2.32% | 503,027 | $170.0M | Reduce -7.1% |
| MA Mastercard Inc. Class A | 2.28% | 333,723 | $166.7M | Reduce -10.8% |
| GOOGL Alphabet Inc. Class A | 2.06% | 524,022 | $150.7M | Add +2.1% |
| LIN Linde PLC | 1.68% | 247,104 | $122.5M | Reduce -15.1% |
| META Meta Platforms Inc. Class A | 1.53% | 195,844 | $112.0M | Add +0.4% |
| GOOG Alphabet Inc. Class C | 1.47% | 374,486 | $107.4M | Reduce -7.4% |
| TMO Thermo Fisher Scientific Inc. | 1.42% | 211,481 | $103.9M | Reduce -1.3% |
| TSLA Tesla Inc. | 1.34% | 262,972 | $97.8M | Add +2.5% |
| AMD Advanced Micro Devices | 1.25% | 447,719 | $91.1M | Add +8.0% |
| UBER Uber Technologies Inc. | 1.18% | 1,197,873 | $86.2M | Reduce -5.6% |
| TEL Te Connectivity PLC | 1.13% | 397,059 | $83.0M | Add +35.2% |
| SYK Stryker Corp. | 1.04% | 232,462 | $76.4M | Reduce -3.4% |
| RTX RTX Corp. | 0.94% | 356,853 | $68.8M | Reduce -15.4% |
| NFLX Netflix Inc. | 0.91% | 691,365 | $66.5M | Add +137.6% |
| WELL Welltower Inc. | 0.80% | 296,651 | $58.7M | Add +198.3% |
| VRT Vertiv Holdings Co. Class A | 0.79% | 229,243 | $57.4M | Reduce -54.5% |
| MU Micron Technology Inc. | 0.74% | 160,121 | $54.1M | Add +77.6% |
| T AT&T Inc. | 0.70% | 1,756,521 | $50.9M | Add +64.3% |
| ISRG Intuitive Surgical Inc. | 0.63% | 100,480 | $46.3M | Add +186.7% |
| FMX Fomento Economico Mex-SP ADR | 0.63% | 414,582 | $46.0M | Reduce -21.7% |
| BAP Credicorp Ltd. | 0.63% | 134,986 | $45.8M | Add +375.1% |
| ABBV Abbvie Inc. | 0.61% | 204,282 | $44.4M | Add +34.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.61% | 113,420 | $44.3M | Add +178.4% |
| VRTX Vertex Pharmaceuticals Inc. | 0.60% | 98,975 | $44.2M | Add +47.3% |
| CSCO Cisco Systems Inc. | 0.60% | 562,004 | $43.6M | Add +8.6% |
| JNJ Johnson & Johnson | 0.60% | 178,044 | $43.5M | Reduce -10.8% |
| GEV GE Vernova Inc. | 0.57% | 48,085 | $42.0M | Reduce -36.1% |
| JPM JPMorgan Chase & Co. | 0.55% | 135,869 | $40.0M | Add +22.3% |
| HON Honeywell International Inc. | 0.53% | 172,313 | $38.9M | Add +22.1% |
| CEG Constellation Energy | 0.53% | 138,277 | $38.6M | Add +621.0% |
| NDAQ Nasdaq Inc. | 0.51% | 443,643 | $37.7M | Add +3.7% |
| ORCL Oracle Corp. | 0.51% | 252,599 | $37.2M | Reduce -27.9% |
| LHX L3HARRIS Technologies Inc. | 0.48% | 101,036 | $34.9M | Add +6.2% |
| ECL Ecolab Inc. | 0.47% | 130,123 | $34.6M | Add +29.5% |
| BNTX Biontech SE-ADR | 0.47% | 385,109 | $34.2M | Add +4.5% |
| EQIX Equinix Inc. | 0.46% | 34,413 | $33.7M | Reduce -50.2% |
| CDNS Cadence Design SYS Inc. | 0.45% | 118,927 | $33.0M | Reduce -2.3% |
| MRVL Marvell Technology Inc. | 0.45% | 330,319 | $32.7M | Reduce -30.2% |
| ETN Eaton Corp. PLC | 0.45% | 91,452 | $32.7M | Reduce -16.8% |
| NEE Nextera Energy Inc. | 0.44% | 348,475 | $32.4M | Reduce -27.4% |
| SPOT Spotify Technology SA | 0.43% | 64,127 | $31.1M | Add +11.3% |
| MELI MercadoLibre Inc. | 0.42% | 17,680 | $30.6M | Reduce -25.7% |
| VTR Ventas Inc. | 0.42% | 371,688 | $30.4M | Add +16.8% |
| NOW ServiceNow Inc. | 0.41% | 284,381 | $29.7M | Reduce -9.4% |
| PANW Palo Alto Networks Inc. | 0.40% | 180,949 | $29.0M | Reduce -40.5% |
| KLAC KLA Corp. | 0.39% | 19,617 | $28.9M | Add +167.4% |
| WPM Wheaton Precious Metals Corp. | 0.38% | 210,625 | $27.6M | Add +75.7% |
| STX Seagate Technology Holdings | 0.35% | 66,044 | $25.9M | Add +9.9% |
| ANET Arista Networks Inc. | 0.35% | 209,267 | $25.7M | Add +105.5% |
| RKLB Rocket Lab Corp. | 0.34% | 382,554 | $24.6M | Add +200.3% |
| ARM Arm Holdings PLC-ADR | 0.33% | 159,007 | $24.1M | Add +44.7% |
| GE General Electric filed as GE AEROSPACE | 0.32% | 83,647 | $23.7M | Add +23.0% |
| MRK Merck & Co. Inc. | 0.32% | 196,922 | $23.7M | Reduce -47.8% |
| SNOW Snowflake Inc. | 0.31% | 148,760 | $22.4M | Reduce -37.2% |
| NEM Newmont Corp. | 0.30% | 202,803 | $22.0M | Reduce -25.0% |
| GEHC GE Healthcare Technology | 0.30% | 306,814 | $21.8M | Add +7.3% |
| ECHO Echostar Corp. Class A | 0.30% | 186,266 | $21.8M | Add +746.7% |
| WDC Western Digital Corp. | 0.30% | 80,109 | $21.7M | Add +1401.6% |
| WAB Wabtec Corp. | 0.29% | 85,019 | $21.2M | Reduce -17.2% |
| BSX Boston Scientific Corp. | 0.29% | 337,335 | $21.2M | Reduce -22.3% |
| SPGI S&P Global Inc. | 0.29% | 49,568 | $21.1M | Reduce -48.6% |
| FLY Firefly Aerospace Inc. | 0.29% | 740,026 | $21.1M | Add +230.6% |
| KRMN Karman Holdings Inc. | 0.28% | 255,225 | $20.4M | Add +405.5% |
| INTC Intel Corp. | 0.28% | 462,870 | $20.4M | Reduce -39.5% |
| LITE Lumentum Holdings Inc. | 0.28% | 28,773 | $20.2M | Add +161.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.27% | 82,737 | $20.1M | Reduce -16.3% |
| PL Planet Labs PBC | 0.27% | 707,453 | $19.8M | Add +6.1% |
| GILD Gilead Sciences Inc. | 0.26% | 138,566 | $19.3M | Reduce -38.0% |
| LUNR Intuitive Machines Inc. | 0.26% | 1,033,725 | $19.2M | Add +201.1% |
| JCI Johnson Controls Internation | 0.26% | 145,519 | $19.1M | Add +3.4% |
| AEM Agnico Eagle Mines Ltd. | 0.26% | 92,929 | $18.9M | Reduce -27.7% |
| XYL Xylem Inc. | 0.25% | 155,272 | $18.6M | Reduce -46.0% |
| PLD Prologis Inc. | 0.25% | 139,228 | $18.4M | Add +438.8% |
| APP AppLovin Corp. Class A | 0.25% | 45,256 | $18.0M | Reduce -38.2% |
| AMAT Applied Materials Inc. | 0.25% | 52,509 | $17.9M | Add +112.9% |
| TT Trane Technologies PLC | 0.24% | 41,705 | $17.4M | Reduce -22.9% |
| GILT Gilat Satellite Networks Ltd. | 0.24% | 1,156,838 | $17.4M | Add +20.3% |
| HD Home Depot Inc. | 0.24% | 52,507 | $17.3M | Reduce -49.4% |
| SPG Simon Property Group Inc. | 0.24% | 92,186 | $17.2M | Reduce -9.1% |
| QCOM Qualcomm Inc. | 0.23% | 131,317 | $16.9M | Reduce -20.4% |
| HWM Howmet Aerospace Inc. | 0.23% | 73,035 | $16.8M | Add +275.2% |
| TTWO Take-Two Interactive Softwre | 0.23% | 85,095 | $16.8M | Add +31.7% |
| COST Costco Wholesale Corp. | 0.23% | 16,852 | $16.8M | Reduce -70.1% |
| CL Colgate-Palmolive Co. | 0.22% | 192,316 | $16.4M | Reduce -26.6% |
| KMB Kimberly-Clark Corp. | 0.22% | 167,672 | $16.2M | Add +13.1% |
| BWXT BWX Technologies Inc. | 0.22% | 78,570 | $16.1M | New |
| BKSY Blacksky Technology Inc. | 0.22% | 637,910 | $16.0M | Add +28.3% |
| AXP American Express Co. | 0.22% | 52,590 | $15.9M | Reduce -18.1% |
| ADP Automatic Data Processing | 0.22% | 77,746 | $15.8M | Reduce -5.6% |
| CBRE CBRE Group Inc. Class A | 0.21% | 114,929 | $15.6M | Reduce -2.4% |
| DE Deere & Co. | 0.21% | 27,548 | $15.5M | Add +38.8% |
| ASTS Ast Spacemobile Inc. | 0.21% | 184,120 | $15.3M | New |
| TDY Teledyne Technologies Inc. | 0.21% | 24,825 | $15.0M | Reduce -29.0% |
Portfolio Sells Q4 2025 → Q1 2026
| ZS Zscaler Inc. | Reduce -69.9% | 0.19% | −0.65 |
| LLY Eli Lilly & Co. | Reduce -16.6% | 2.35% | −0.44 |
| ADBE Adobe Inc. | Reduce -66.4% | 0.16% | −0.42 |
| INTU Intuit Inc. | Reduce -89.9% | 0.03% | −0.42 |
| MDB Mongodb Inc. | Reduce -54.4% | 0.17% | −0.37 |
| COST Costco Wholesale Corp. | Reduce -70.1% | 0.23% | −0.33 |
| APP AppLovin Corp. Class A | Reduce -38.2% | 0.25% | −0.33 |
| DDOG Datadog Inc. Class A | Reduce -64.0% | 0.18% | −0.31 |
| ESTC Elastic NV | Sold out | 0.00% | −0.30 |
| SPGI S&P Global Inc. | Reduce -48.6% | 0.29% | −0.30 |
| SNOW Snowflake Inc. | Reduce -37.2% | 0.31% | −0.30 |
| PEP Pepsico Inc. | Reduce -77.2% | 0.12% | −0.29 |
| ORCL Oracle Corp. | Reduce -27.9% | 0.51% | −0.28 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.28 |
| PANW Palo Alto Networks Inc. | Reduce -40.5% | 0.40% | −0.25 |
| ACN Accenture PLC Class A | Reduce -78.1% | 0.06% | −0.23 |
| TRMB Trimble Inc. | Reduce -94.4% | 0.01% | −0.22 |
| CRM Salesforce Inc. | Reduce -44.5% | 0.17% | −0.20 |
| PFE Pfizer Inc. | Reduce -76.5% | 0.09% | −0.20 |
| XYL Xylem Inc. | Reduce -46.0% | 0.25% | −0.20 |
| MA Mastercard Inc. Class A | Reduce -10.8% | 2.28% | −0.20 |
| BSX Boston Scientific Corp. | Reduce -22.3% | 0.29% | −0.19 |
| DT Dynatrace Inc. | Reduce -48.9% | 0.20% | −0.19 |
| SCHW Schwab (charles) Corp. | Reduce -91.6% | 0.02% | −0.18 |
| AAPL Apple Inc. | Reduce -12.7% | 4.46% | −0.18 |
| LDOS Leidos Holdings Inc. | Reduce -95.6% | 0.01% | −0.18 |
| HD Home Depot Inc. | Reduce -49.4% | 0.24% | −0.18 |
| COR Cencora Inc. | Reduce -60.4% | 0.14% | −0.18 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.17 |
| SBRA Sabra Health Care REIT Inc. | Sold out | 0.00% | −0.17 |
| VRT Vertiv Holdings Co. Class A | Reduce -54.5% | 0.79% | −0.16 |
| PTC PTC Inc. | Sold out | 0.00% | −0.16 |
| BMI Badger Meter Inc. | Sold out | 0.00% | −0.16 |
| EQIX Equinix Inc. | Reduce -50.2% | 0.46% | −0.15 |
| NOW ServiceNow Inc. | Reduce -9.4% | 0.41% | −0.15 |
| LOW Lowe's Cos Inc. | Reduce -83.6% | 0.03% | −0.15 |
| GLW Corning Inc. | Sold out | 0.00% | −0.15 |
| DHR Danaher Corp. | Reduce -96.7% | 0.01% | −0.15 |
| F Ford Motor Co. | Reduce -53.0% | 0.14% | −0.15 |
| AMGN Amgen Inc. | Reduce -79.1% | 0.05% | −0.14 |
| MELI MercadoLibre Inc. | Reduce -25.7% | 0.42% | −0.14 |
| MRK Merck & Co. Inc. | Reduce -47.8% | 0.32% | −0.14 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.14 |
| ROK Rockwell Automation Inc. | Reduce -65.2% | 0.08% | −0.13 |
| RF Regions Financial Corp. | Sold out | 0.00% | −0.13 |
| GEN Gen Digital Inc. | Reduce -45.1% | 0.10% | −0.13 |
| EMR Emerson Electric Co. | Reduce -57.0% | 0.13% | −0.13 |
| IRM Iron Mountain Inc. | Reduce -96.4% | 0.01% | −0.12 |
| MS Morgan Stanley | Reduce -59.6% | 0.10% | −0.12 |
| TFC Truist Financial Corp. | Reduce -97.1% | 0.00% | −0.12 |
Portfolio Buys Q4 2025 → Q1 2026
| NFLX Netflix Inc. | Add +137.6% | 0.91% | +0.59 |
| WELL Welltower Inc. | Add +198.3% | 0.80% | +0.59 |
| BAP Credicorp Ltd. | Add +375.1% | 0.63% | +0.53 |
| CEG Constellation Energy | Add +621.0% | 0.53% | +0.45 |
| MU Micron Technology Inc. | Add +77.6% | 0.74% | +0.44 |
| ISRG Intuitive Surgical Inc. | Add +186.7% | 0.63% | +0.40 |
| T AT&T Inc. | Add +64.3% | 0.70% | +0.39 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +178.4% | 0.61% | +0.38 |
| TEL Te Connectivity PLC | Add +35.2% | 1.13% | +0.36 |
| KLAC KLA Corp. | Add +167.4% | 0.39% | +0.29 |
| AVGO Broadcom Inc. | Add +6.8% | 2.59% | +0.29 |
| WDC Western Digital Corp. | Add +1401.6% | 0.30% | +0.29 |
| ECHO Echostar Corp. Class A | Add +746.7% | 0.30% | +0.27 |
| VRTX Vertex Pharmaceuticals Inc. | Add +47.3% | 0.60% | +0.25 |
| KRMN Karman Holdings Inc. | Add +405.5% | 0.28% | +0.24 |
| RKLB Rocket Lab Corp. | Add +200.3% | 0.34% | +0.23 |
| FLY Firefly Aerospace Inc. | Add +230.6% | 0.29% | +0.23 |
| LITE Lumentum Holdings Inc. | Add +161.6% | 0.28% | +0.23 |
| BWXT BWX Technologies Inc. | New | 0.22% | +0.22 |
| AMD Advanced Micro Devices | Add +8.0% | 1.25% | +0.22 |
| WPM Wheaton Precious Metals Corp. | Add +75.7% | 0.38% | +0.21 |
| PLD Prologis Inc. | Add +438.8% | 0.25% | +0.21 |
| HON Honeywell International Inc. | Add +22.1% | 0.53% | +0.21 |
| ASTS Ast Spacemobile Inc. | New | 0.21% | +0.21 |
| FIX Comfort Systems USA Inc. | New | 0.20% | +0.20 |
| ABBV Abbvie Inc. | Add +34.1% | 0.61% | +0.20 |
| GOOGL Alphabet Inc. Class A | Add +2.1% | 2.06% | +0.20 |
| LUNR Intuitive Machines Inc. | Add +201.1% | 0.26% | +0.20 |
| ANET Arista Networks Inc. | Add +105.5% | 0.35% | +0.20 |
| ARM Arm Holdings PLC-ADR | Add +44.7% | 0.33% | +0.19 |
| HWM Howmet Aerospace Inc. | Add +275.2% | 0.23% | +0.18 |
| CRDO Credo Technology Group Holdi | New | 0.18% | +0.18 |
| AMAT Applied Materials Inc. | Add +112.9% | 0.25% | +0.17 |
| MDT Medtronic PLC | Add +1009.9% | 0.18% | +0.17 |
| ECL Ecolab Inc. | Add +29.5% | 0.47% | +0.17 |
| MCHP Microchip Technology Inc. | New | 0.16% | +0.16 |
| STX Seagate Technology Holdings | Add +9.9% | 0.35% | +0.16 |
| CAT Caterpillar Inc. | Add +303.7% | 0.19% | +0.16 |
| LHX L3HARRIS Technologies Inc. | Add +6.2% | 0.48% | +0.15 |
| AMP Ameriprise Financial Inc. | Add +838.0% | 0.16% | +0.14 |
| CSCO Cisco Systems Inc. | Add +8.6% | 0.60% | +0.13 |
| VSAT Viasat Inc. | New | 0.13% | +0.13 |
| JPM JPMorgan Chase & Co. | Add +22.3% | 0.55% | +0.13 |
| VTR Ventas Inc. | Add +16.8% | 0.42% | +0.13 |
| PL Planet Labs PBC | Add +6.1% | 0.27% | +0.12 |
| TGT Target Corp. | Add +1313.0% | 0.12% | +0.12 |
| KO The Coca-Cola Co. | Add +255.2% | 0.15% | +0.12 |
| BKSY Blacksky Technology Inc. | Add +28.3% | 0.22% | +0.11 |
| AWK American Water Works Co. Inc. | Add +91.0% | 0.18% | +0.11 |
| DE Deere & Co. | Add +38.8% | 0.21% | +0.11 |
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 |