Machina Capital S.A.S.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), Machina Capital S.A.S. reported 275 stock positions worth $337.1 million. Its top holding was Liberty Broadband-C (LBRDK) at 2.4% of the portfolio, followed by PNC Financial Services (PNC, 1.5%) and Aon Class A (AON, 1.3%). Compared with Q4 2024, it opened 132 new positions, sold out of 122, added to 95 and reduced 47. The biggest buy was a new position in Aon Class A (AON) and the biggest sale an exit from Waste Management (WM).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0001744373
- Portfolio Value
- $337.1M (Q1 2025)
- SEC Filing
- 0001085146-25-002646 ↗ filed May 6, 2025
Holdings Value
Holdings 275 stocks · $337.1M
| LBRDK Liberty Broadband-C | 2.40% | 95,120 | $8.1M | Reduce -0.0% |
| PNC PNC Financial Services Group | 1.51% | 28,917 | $5.1M | Add +208.4% |
| AON Aon PLC Class A | 1.28% | 10,773 | $4.3M | New |
| USB US Bancorp | 1.27% | 101,050 | $4.3M | Add +565.9% |
| MRK Merck & Co. Inc. | 1.25% | 46,952 | $4.2M | Add +130.0% |
| PG The Procter & Gamble Co. | 1.13% | 22,339 | $3.8M | New |
| PEP Pepsico Inc. | 1.12% | 25,214 | $3.8M | Add +234.4% |
| CSCO Cisco Systems Inc. | 1.11% | 60,801 | $3.8M | Add +32.8% |
| CPNG Coupang Inc. | 1.08% | 166,186 | $3.6M | Add +396.5% |
| CL Colgate-Palmolive Co. | 1.07% | 38,616 | $3.6M | Add +169.0% |
| CTAS Cintas Corp. | 1.06% | 17,451 | $3.6M | Add +248.0% |
| ABNB Airbnb Inc. Class A | 1.03% | 29,202 | $3.5M | Add +225.4% |
| CMG Chipotle Mexican Grill Inc. | 1.02% | 68,417 | $3.4M | Add +1149.2% |
| PYPL PayPal Holdings Inc. | 0.97% | 50,346 | $3.3M | New |
| DD Dupont DE Nemours Inc. | 0.95% | 42,948 | $3.2M | Add +154.7% |
| ICE Intercontinental Exchange Inc. | 0.91% | 17,736 | $3.1M | Reduce -1.7% |
| TT Trane Technologies PLC | 0.90% | 8,978 | $3.0M | Add +6.5% |
| DHR Danaher Corp. | 0.89% | 14,677 | $3.0M | Add +39.1% |
| ECL Ecolab Inc. | 0.88% | 11,662 | $3.0M | Add +653.9% |
| BSX Boston Scientific Corp. | 0.87% | 29,193 | $2.9M | New |
| LLYVK Liberty Media Corp.-Liberty-C | 0.87% | 42,924 | $2.9M | No change |
| ADI Analog Devices Inc. | 0.86% | 14,403 | $2.9M | Add +1274.3% |
| GLW Corning Inc. | 0.85% | 62,526 | $2.9M | New |
| ADP Automatic Data Processing | 0.84% | 9,299 | $2.8M | Add +252.5% |
| AME Ametek Inc. | 0.83% | 16,250 | $2.8M | Add +164.3% |
| MA Mastercard Inc. Class A | 0.83% | 5,092 | $2.8M | Add +146.9% |
| JCI Johnson Controls Internation | 0.81% | 34,253 | $2.7M | New |
| MDT Medtronic PLC | 0.81% | 30,392 | $2.7M | Add +58.2% |
| KDP Keurig Dr Pepper Inc. | 0.81% | 79,462 | $2.7M | Add +37.5% |
| HON Honeywell International Inc. | 0.81% | 12,826 | $2.7M | Add +619.8% |
| MRSH Marsh & McLennan Cos | 0.80% | 11,035 | $2.7M | Add +72.8% |
| GE General Electric filed as GE AEROSPACE | 0.79% | 13,331 | $2.7M | New |
| GOOGL Alphabet Inc. Class A | 0.78% | 17,033 | $2.6M | New |
| GPN Global Payments Inc. | 0.76% | 26,143 | $2.6M | Add +66.3% |
| MCK McKesson Corp. | 0.76% | 3,792 | $2.6M | Add +67.3% |
| ANSS Ansys Inc. | 0.75% | 7,999 | $2.5M | Add +532.8% |
| JNJ Johnson & Johnson | 0.71% | 14,530 | $2.4M | Reduce -19.5% |
| CMCSA Comcast Corp. Class A | 0.71% | 64,424 | $2.4M | New |
| PKG Packaging Corp. of America | 0.70% | 11,956 | $2.4M | Add +11.9% |
| LMT Lockheed Martin Corp. | 0.69% | 5,235 | $2.3M | Add +148.2% |
| ZBRA Zebra Technologies Corp. Class A | 0.69% | 8,273 | $2.3M | Add +194.3% |
| MCO Moody's Corp. | 0.69% | 5,004 | $2.3M | Add +215.1% |
| HES Hess Corp. | 0.69% | 14,577 | $2.3M | Reduce -37.4% |
| GEHC GE Healthcare Technology | 0.68% | 28,419 | $2.3M | Add +190.4% |
| AMD Advanced Micro Devices | 0.64% | 21,150 | $2.2M | Add +125.4% |
| IT Gartner Inc. | 0.62% | 4,957 | $2.1M | Add +18.2% |
| KMB Kimberly-Clark Corp. | 0.61% | 14,514 | $2.1M | Add +98.1% |
| GEN Gen Digital Inc. | 0.61% | 77,415 | $2.1M | Add +47.4% |
| MSCI MSCI Inc. | 0.61% | 3,633 | $2.1M | Add +24.8% |
| TGT Target Corp. | 0.61% | 19,650 | $2.1M | New |
| PLTR Palantir Technologies Inc. Class A | 0.61% | 24,182 | $2.0M | Add +362.8% |
| XYZ Block Inc. | 0.60% | 37,201 | $2.0M | New |
| NI Nisource Inc. | 0.60% | 50,395 | $2.0M | Add +133.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.58% | 19,703 | $1.9M | New |
| NVDA Nvidia Corp. | 0.57% | 17,675 | $1.9M | Reduce -4.0% |
| APH Amphenol Corp. Class A | 0.57% | 29,090 | $1.9M | Add +1.0% |
| UPS United Parcel Service Class B | 0.56% | 17,317 | $1.9M | New |
| XOM Exxon Mobil Corp. | 0.56% | 15,837 | $1.9M | Add +254.3% |
| SPGI S&P Global Inc. | 0.56% | 3,698 | $1.9M | Reduce -11.6% |
| WELL Welltower Inc. | 0.56% | 12,242 | $1.9M | Add +72.7% |
| GD General Dynamics Corp. | 0.55% | 6,766 | $1.8M | Add +497.2% |
| TSN Tyson Foods Inc. Class A | 0.54% | 28,584 | $1.8M | Add +83.9% |
| BR Broadridge Financial Solutio | 0.54% | 7,491 | $1.8M | New |
| SCHW Schwab (charles) Corp. | 0.53% | 22,999 | $1.8M | Reduce -1.6% |
| CPRI Capri Holdings Ltd. | 0.53% | 90,927 | $1.8M | Add +3.2% |
| HUM Humana Inc. | 0.53% | 6,734 | $1.8M | New |
| VTR Ventas Inc. | 0.53% | 25,907 | $1.8M | Add +37.1% |
| UNH Unitedhealth Group Inc. | 0.52% | 3,334 | $1.7M | Add +376.3% |
| SPOT Spotify Technology SA | 0.51% | 3,150 | $1.7M | Add +95.7% |
| UNP Union Pacific Corp. | 0.51% | 7,215 | $1.7M | Add +170.2% |
| STT State Street Corp. | 0.50% | 18,746 | $1.7M | New |
| ACN Accenture PLC Class A | 0.49% | 5,270 | $1.6M | New |
| CMI Cummins Inc. | 0.49% | 5,240 | $1.6M | New |
| A Agilent Technologies Inc. | 0.48% | 13,932 | $1.6M | New |
| SYF Synchrony Financial | 0.48% | 30,632 | $1.6M | Add +399.6% |
| REGN Regeneron Pharmaceuticals | 0.47% | 2,522 | $1.6M | Add +5.5% |
| CRH CRH PLC | 0.47% | 18,164 | $1.6M | Add +205.9% |
| NWSA News Corp. Class A | 0.47% | 58,115 | $1.6M | Reduce -5.4% |
| D Dominion Energy Inc. | 0.47% | 28,098 | $1.6M | New |
| DFS Discover Financial Services | 0.46% | 9,165 | $1.6M | Add +141.4% |
| ADSK Autodesk Inc. | 0.46% | 5,877 | $1.5M | New |
| PFE Pfizer Inc. | 0.45% | 60,088 | $1.5M | Add +87.7% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.45% | 46,441 | $1.5M | New |
| RMD Resmed Inc. | 0.44% | 6,685 | $1.5M | New |
| LLY Eli Lilly & Co. | 0.44% | 1,804 | $1.5M | Reduce -23.5% |
| ROL Rollins Inc. | 0.43% | 27,036 | $1.5M | Add +84.1% |
| YUM Yum! Brands Inc. | 0.43% | 9,276 | $1.5M | Add +39.5% |
| FCX Freeport-McMoran Inc. | 0.43% | 38,174 | $1.4M | Add +23.4% |
| O Realty Income Corp. | 0.43% | 24,840 | $1.4M | New |
| TWLO Twilio Inc. Class A | 0.43% | 14,693 | $1.4M | New |
| EQIX Equinix Inc. | 0.42% | 1,734 | $1.4M | New |
| HAL Halliburton Co. | 0.41% | 54,903 | $1.4M | New |
| VRSK Verisk Analytics Inc. | 0.41% | 4,625 | $1.4M | New |
| MSI Motorola Solutions Inc. | 0.41% | 3,132 | $1.4M | Add +369.6% |
| HOLX Hologic Inc. | 0.41% | 22,163 | $1.4M | New |
| PNR Pentair PLC | 0.40% | 15,577 | $1.4M | Add +41.7% |
| IEX Idex Corp. | 0.40% | 7,484 | $1.4M | Add +190.8% |
| AVGO Broadcom Inc. | 0.40% | 8,066 | $1.4M | Add +5.0% |
| SCCO Southern Copper Corp. | 0.38% | 13,593 | $1.3M | Add +139.9% |
| NDAQ Nasdaq Inc. | 0.37% | 16,539 | $1.3M | Reduce -18.9% |
Portfolio Sells Q4 2024 → Q1 2025
| WM Waste Management Inc. | Sold out | 0.00% | −0.93 |
| PM Philip Morris International | Reduce -84.7% | 0.15% | −0.88 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.87 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.80 |
| NOC Northrop Grumman Corp. | Sold out | 0.00% | −0.79 |
| CB Chubb Ltd. | Sold out | 0.00% | −0.78 |
| FIS Fidelity National Info Serv | Sold out | 0.00% | −0.78 |
| PRU Prudential Financial Inc. | Sold out | 0.00% | −0.71 |
| KHC The Kraft Heinz Co. | Sold out | 0.00% | −0.69 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.68 |
| TJX TJX Companies Inc. | Reduce -74.3% | 0.15% | −0.67 |
| COO The Cooper Cos Inc. | Sold out | 0.00% | −0.66 |
| CDW CDW Corp. | Sold out | 0.00% | −0.65 |
| PGR Progressive Corp. | Sold out | 0.00% | −0.62 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.62 |
| HES Hess Corp. | Reduce -37.4% | 0.69% | −0.61 |
| LBRDK Liberty Broadband-C | Reduce -0.0% | 2.40% | −0.59 |
| C Citigroup Inc. | Sold out | 0.00% | −0.59 |
| FE Firstenergy Corp. | Sold out | 0.00% | −0.59 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.57 |
| NRG NRG Energy Inc. | Reduce -59.3% | 0.24% | −0.55 |
| LHX L3HARRIS Technologies Inc. | Reduce -69.2% | 0.15% | −0.54 |
| IDXX Idexx Laboratories Inc. | Sold out | 0.00% | −0.53 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.53 |
| NTAP Netapp Inc. | Reduce -45.2% | 0.22% | −0.53 |
| ATO Atmos Energy Corp. | Sold out | 0.00% | −0.52 |
| SJM The JM Smucker Co. | Reduce -61.9% | 0.21% | −0.52 |
| FTV Fortive Corp. | Sold out | 0.00% | −0.51 |
| DTE DTE Energy Company | Sold out | 0.00% | −0.50 |
| COP Conocophillips | Sold out | 0.00% | −0.49 |
| VRSN Verisign Inc. | Sold out | 0.00% | −0.48 |
| NVDA Nvidia Corp. | Reduce -4.0% | 0.57% | −0.47 |
| BNY Bank of New York Mellon Corp. | Reduce -74.9% | 0.11% | −0.47 |
| GILD Gilead Sciences Inc. | Reduce -62.5% | 0.22% | −0.46 |
| TFC Truist Financial Corp. | Sold out | 0.00% | −0.46 |
| RSG Republic Services Inc. | Sold out | 0.00% | −0.45 |
| RTX RTX Corp. | Reduce -75.6% | 0.11% | −0.44 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.43 |
| HAS Hasbro Inc. | Reduce -65.8% | 0.15% | −0.43 |
| DASH DoorDash Inc. Class A | Reduce -57.3% | 0.21% | −0.42 |
| KEY Keycorp | Sold out | 0.00% | −0.42 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.42 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.42 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −0.40 |
| DUK Duke Energy Corp. | Sold out | 0.00% | −0.40 |
| KR Kroger Co. | Sold out | 0.00% | −0.39 |
| LOW Lowe's Cos Inc. | Reduce -36.5% | 0.29% | −0.39 |
| ADBE Adobe Inc. | Reduce -31.0% | 0.28% | −0.39 |
| FMC FMC Corp. | Sold out | 0.00% | −0.38 |
| JNJ Johnson & Johnson | Reduce -19.5% | 0.71% | −0.38 |
Portfolio Buys Q4 2024 → Q1 2025
| AON Aon PLC Class A | New | 1.28% | +1.28 |
| PG The Procter & Gamble Co. | New | 1.13% | +1.13 |
| PYPL PayPal Holdings Inc. | New | 0.97% | +0.97 |
| USB US Bancorp | Add +565.9% | 1.27% | +0.96 |
| CMG Chipotle Mexican Grill Inc. | Add +1149.2% | 1.02% | +0.88 |
| BSX Boston Scientific Corp. | New | 0.87% | +0.87 |
| GLW Corning Inc. | New | 0.85% | +0.85 |
| JCI Johnson Controls Internation | New | 0.81% | +0.81 |
| GE General Electric | New | 0.79% | +0.79 |
| GOOGL Alphabet Inc. Class A | New | 0.78% | +0.78 |
| CPNG Coupang Inc. | Add +396.5% | 1.08% | +0.77 |
| ADI Analog Devices Inc. | Add +1274.3% | 0.86% | +0.77 |
| PNC PNC Financial Services Group | Add +208.4% | 1.51% | +0.75 |
| ECL Ecolab Inc. | Add +653.9% | 0.88% | +0.72 |
| CMCSA Comcast Corp. Class A | New | 0.71% | +0.71 |
| CTAS Cintas Corp. | Add +248.0% | 1.06% | +0.68 |
| PEP Pepsico Inc. | Add +234.4% | 1.12% | +0.64 |
| HON Honeywell International Inc. | Add +619.8% | 0.81% | +0.64 |
| TGT Target Corp. | New | 0.61% | +0.61 |
| XYZ Block Inc. | New | 0.60% | +0.60 |
| DIS The Walt Disney Co. | New | 0.58% | +0.58 |
| ANSS Ansys Inc. | Add +532.8% | 0.75% | +0.57 |
| UPS United Parcel Service Class B | New | 0.56% | +0.56 |
| BR Broadridge Financial Solutio | New | 0.54% | +0.54 |
| ABNB Airbnb Inc. Class A | Add +225.4% | 1.03% | +0.54 |
| HUM Humana Inc. | New | 0.53% | +0.53 |
| CL Colgate-Palmolive Co. | Add +169.0% | 1.07% | +0.52 |
| ADP Automatic Data Processing | Add +252.5% | 0.84% | +0.52 |
| STT State Street Corp. | New | 0.50% | +0.50 |
| ACN Accenture PLC Class A | New | 0.49% | +0.49 |
| CMI Cummins Inc. | New | 0.49% | +0.49 |
| A Agilent Technologies Inc. | New | 0.48% | +0.48 |
| D Dominion Energy Inc. | New | 0.47% | +0.47 |
| ADSK Autodesk Inc. | New | 0.46% | +0.46 |
| VICI Vici Properties Inc. | New | 0.45% | +0.45 |
| RMD Resmed Inc. | New | 0.44% | +0.44 |
| PLTR Palantir Technologies Inc. Class A | Add +362.8% | 0.61% | +0.44 |
| O Realty Income Corp. | New | 0.43% | +0.43 |
| TWLO Twilio Inc. Class A | New | 0.43% | +0.43 |
| GD General Dynamics Corp. | Add +497.2% | 0.55% | +0.42 |
| EQIX Equinix Inc. | New | 0.42% | +0.42 |
| HAL Halliburton Co. | New | 0.41% | +0.41 |
| DD Dupont DE Nemours Inc. | Add +154.7% | 0.95% | +0.41 |
| VRSK Verisk Analytics Inc. | New | 0.41% | +0.41 |
| HOLX Hologic Inc. | New | 0.41% | +0.41 |
| MRK Merck & Co. Inc. | Add +130.0% | 1.25% | +0.40 |
| MCO Moody's Corp. | Add +215.1% | 0.69% | +0.37 |
| IQV Iqvia Holdings Inc. | New | 0.37% | +0.37 |
| MA Mastercard Inc. Class A | Add +146.9% | 0.83% | +0.37 |
| UNH Unitedhealth Group Inc. | Add +376.3% | 0.52% | +0.37 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 368 | $631.1M | CVX, GD, RTX, AMT, CB |
| Q1 2026 | 353 | $508.4M | VST, OTIS, TJX, CVX, EA |
| Q4 2025 | 341 | $523.9M | GD, OTIS, LBRDK, MO, NOC |
| Q3 2025 | 314 | $568.4M | LBRDK, AVGO, CMCSA, CB, CRM |
| Q2 2025 | 304 | $480.7M | LBRDK, LLYVK, AVGO, CMCSA, PFE |
| Q1 2025 | 275 | $337.1M | LBRDK, PNC, AON, USB, MRK |
| Q4 2024 | 265 | $237.5M | LBRDK, TT, HES, LLYVK, CSCO |
| Q3 2024 | 273 | $251.3M | LBRDK, MSI, ICE, PFE, BDX |
| Q2 2024 | 255 | $222.9M | LBRDK, BDX, SPGI, CRM, TMO |
| Q1 2024 | 243 | $189.9M | LBRDK, SHW, ALL, PM, SLB |