Machina Capital S.A.S.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Machina Capital S.A.S. reported 341 stock positions worth $523.9 million. Its top holding was General Dynamics (GD) at 1.9% of the portfolio, followed by Otis Worldwide (OTIS, 1.6%) and Liberty Broadband-C (LBRDK, 1.3%). Compared with Q3 2025, it opened 118 new positions, sold out of 91, added to 93 and reduced 119. The biggest buy was a new position in Northrop Grumman (NOC) and the biggest sale Chubb (CB, shares −97%).

Most Recent 13F
Q2 2026
Location
PARIS, I0
CIK
0001744373
Portfolio Value
$523.9M (Q4 2025)
SEC Filing
0001744373-26-000001 ↗ filed Feb 10, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $189.9M Q1 2024 Q2 2024: $222.9M Q2 2024 Q3 2024: $251.3M Q3 2024 Q4 2024: $237.5M Q4 2024 Q1 2025: $337.1M Q1 2025 Q2 2025: $480.7M Q2 2025 Q3 2025: $568.4M Q3 2025 Q4 2025: $523.9M $523.9M Q4 2025 Q1 2026: $508.4M Q1 2026 Q2 2026: $631.1M Q2 2026

Holdings 341 stocks · $523.9M
GD General Dynamics Corp. 1.91% 29,745 $10.0M Add +101.8%
OTIS Otis Worldwide Corp. 1.59% 95,267 $8.3M Add +55.4%
LBRDK Liberty Broadband-C 1.32% 142,069 $6.9M No change
MO Altria Group Inc. 1.29% 117,386 $6.8M Add +70.8%
NOC Northrop Grumman Corp. 1.27% 11,632 $6.6M New
PG The Procter & Gamble Co. 1.15% 42,160 $6.0M Add +94.6%
CVX Chevron Corp. 1.08% 37,007 $5.6M Add +480.1%
AME Ametek Inc. 1.05% 26,821 $5.5M Add +10.1%
MCD McDonald's Corp. 1.01% 17,359 $5.3M Add +8.8%
MSI Motorola Solutions Inc. 0.95% 13,029 $5.0M Add +296.5%
HON Honeywell International Inc. 0.94% 25,307 $4.9M Reduce -14.7%
LMT Lockheed Martin Corp. 0.91% 9,888 $4.8M Add +27.1%
MSFT Microsoft Corp. 0.91% 9,849 $4.8M New
UNH Unitedhealth Group Inc. 0.90% 14,279 $4.7M New
EOG EOG Resources Inc. 0.87% 43,612 $4.6M Reduce -3.4%
ROP Roper Technologies Inc. 0.86% 10,149 $4.5M Add +38.1%
AFL Aflac Inc. 0.84% 40,017 $4.4M Reduce -10.8%
ADSK Autodesk Inc. 0.83% 14,721 $4.4M Add +14.7%
CTVA Corteva Inc. 0.81% 63,257 $4.2M Reduce -16.2%
ABNB Airbnb Inc. Class A 0.81% 31,157 $4.2M Reduce -44.3%
AAPL Apple Inc. 0.80% 15,437 $4.2M New
LLY Eli Lilly & Co. 0.80% 3,898 $4.2M Add +233.7%
F Ford Motor Co. filed as FORD MTR CO 0.80% 318,540 $4.2M Add +9.5%
PEP Pepsico Inc. 0.76% 27,724 $4.0M Add +156.7%
USB US Bancorp 0.76% 74,366 $4.0M Add +30.9%
LVS Las Vegas Sands Corp. 0.76% 60,947 $4.0M New
EW Edwards Lifesciences Corp. 0.75% 46,276 $3.9M Add +103.6%
KMI Kinder Morgan Inc. 0.75% 142,441 $3.9M Reduce -11.5%
MRSH Marsh & McLennan Cos 0.74% 21,016 $3.9M Add +48.6%
CBRE CBRE Group Inc. Class A 0.73% 23,887 $3.8M Add +4.4%
MDT Medtronic PLC 0.71% 38,872 $3.7M Reduce -8.8%
SYK Stryker Corp. 0.70% 10,482 $3.7M Add +198.0%
JNJ Johnson & Johnson 0.70% 17,669 $3.7M Reduce -36.1%
NDSN Nordson Corp. 0.69% 15,036 $3.6M New
EA Electronic Arts Inc. 0.69% 17,686 $3.6M Add +357.9%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.68% 30,795 $3.6M New
CPRI Capri Holdings Ltd. 0.67% 144,289 $3.5M No change
DHR Danaher Corp. 0.67% 15,259 $3.5M Reduce -47.0%
MCO Moody's Corp. 0.66% 6,817 $3.5M Add +436.8%
WMT Walmart Inc. 0.66% 31,079 $3.5M Add +57.1%
BLK BlackRock Inc. 0.65% 3,190 $3.4M New
ITW Illinois Tool Works 0.64% 13,697 $3.4M Add +227.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.64% 21,914 $3.4M Reduce -21.7%
SCHW Schwab (charles) Corp. 0.64% 33,621 $3.4M Add +77.6%
CMI Cummins Inc. 0.64% 6,561 $3.3M Add +5.4%
QSR Restaurant Brands Intern 0.63% 48,590 $3.3M Add +156.7%
PLTR Palantir Technologies Inc. Class A 0.62% 18,201 $3.2M Reduce -9.4%
J Jacobs Solutions Inc. 0.60% 23,543 $3.1M New
DTE DTE Energy Company 0.57% 23,359 $3.0M New
BMY Bristol-Myers Squibb Co. 0.57% 55,371 $3.0M Reduce -50.5%
NEE Nextera Energy Inc. 0.56% 36,833 $3.0M New
HOLX Hologic Inc. 0.56% 39,434 $2.9M Add +113.2%
ROST Ross Stores Inc. 0.56% 16,158 $2.9M Add +40.3%
CMCSA Comcast Corp. Class A 0.55% 97,197 $2.9M Reduce -58.8%
NVR NVR Inc. 0.55% 396 $2.9M Add +571.2%
PFE Pfizer Inc. 0.54% 113,310 $2.8M New
DUK Duke Energy Corp. 0.54% 24,008 $2.8M Add +57.1%
MS Morgan Stanley 0.54% 15,808 $2.8M New
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.53% 98,992 $2.8M Add +2.4%
AON Aon PLC Class A 0.53% 7,814 $2.8M Reduce -35.6%
PNC PNC Financial Services Group 0.52% 13,111 $2.7M Add +15.3%
MET Metlife Inc. 0.52% 34,224 $2.7M New
A Agilent Technologies Inc. 0.51% 19,769 $2.7M New
MPC Marathon Petroleum Corp. 0.51% 16,334 $2.7M New
LLYVK Liberty Live Holdings Class C 0.51% 31,828 $2.6M No change
DAY Dayforce Inc. 0.50% 37,911 $2.6M New
FCX Freeport-McMoran Inc. 0.50% 51,602 $2.6M New
WAB Wabtec Corp. 0.50% 12,250 $2.6M Reduce -60.1%
CTAS Cintas Corp. 0.49% 13,693 $2.6M Reduce -31.3%
VRSN Verisign Inc. 0.49% 10,554 $2.6M Add +57.5%
APTV Aptiv PLC 0.48% 33,089 $2.5M Add +370.2%
MU Micron Technology Inc. 0.47% 8,657 $2.5M Reduce -64.7%
CMS CMS Energy Corp. 0.47% 34,891 $2.4M Add +133.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.45% 43,240 $2.4M Add +49.0%
AEP American Electric Power 0.45% 20,278 $2.3M Reduce -19.6%
VRTX Vertex Pharmaceuticals Inc. 0.44% 5,064 $2.3M Reduce -54.6%
CPRT Copart Inc. 0.43% 57,895 $2.3M Reduce -53.8%
BKNG Booking Holdings Inc. 0.43% 420 $2.2M Add +35.0%
LIN Linde PLC 0.43% 5,249 $2.2M Add +38.8%
XYL Xylem Inc. 0.43% 16,427 $2.2M New
VLTO Veralto Corp. 0.42% 22,218 $2.2M Reduce -16.4%
AOS Smith (a.o.) Corp. 0.42% 32,711 $2.2M New
XOM Exxon Mobil Corp. 0.41% 18,069 $2.2M Add +268.1%
GL Globe Life Inc. 0.41% 15,415 $2.2M Add +278.0%
NDAQ Nasdaq Inc. 0.41% 22,071 $2.1M Reduce -10.8%
INTU Intuit Inc. 0.40% 3,187 $2.1M Reduce -20.5%
FISV Fiserv Inc. 0.40% 31,422 $2.1M Reduce -33.4%
SPGI S&P Global Inc. 0.39% 3,934 $2.1M Add +111.7%
CSCO Cisco Systems Inc. 0.38% 26,169 $2.0M Reduce -65.3%
SHW The Sherwin-Williams Co. 0.38% 6,193 $2.0M New
NFLX Netflix Inc. 0.38% 21,142 $2.0M Reduce -28.3%
TRV The Travelers Cos Inc. 0.37% 6,649 $1.9M New
DRI Darden Restaurants Inc. 0.36% 10,375 $1.9M Add +307.8%
FIS Fidelity National Info Serv 0.36% 28,555 $1.9M Reduce -38.8%
ALLE Allegion PLC 0.35% 11,592 $1.8M New
DGX Quest Diagnostics Inc. 0.35% 10,613 $1.8M New
LNG Cheniere Energy Inc. 0.35% 9,439 $1.8M Reduce -49.8%
SLB SLB Ltd. filed as SLB LIMITED 0.35% 47,664 $1.8M Reduce -49.5%
HAS Hasbro Inc. 0.35% 22,251 $1.8M Reduce -34.4%
MMM 3M Co. 0.35% 11,371 $1.8M New

Show all 341 holdings

Portfolio Sells Q3 2025 → Q4 2025
CB Chubb Ltd. Reduce -97.2% 0.04% −1.22
CRM Salesforce Inc. Reduce -95.6% 0.07% −1.18
WM Waste Management Inc. Sold out 0.00% −1.02
AVGO Broadcom Inc. Reduce -78.8% 0.32% −1.00
ISRG Intuitive Surgical Inc. Reduce -89.9% 0.16% −0.99
BSX Boston Scientific Corp. Sold out 0.00% −0.90
ADI Analog Devices Inc. Sold out 0.00% −0.87
CMCSA Comcast Corp. Class A Reduce -58.8% 0.55% −0.75
JCI Johnson Controls Internation Sold out 0.00% −0.74
FISV Fiserv Inc. Reduce -33.4% 0.40% −0.67
JBHT Hunt (jb) Transprt SVCS Inc. Sold out 0.00% −0.64
BA The Boeing Co. Sold out 0.00% −0.62
ICE Intercontinental Exchange Inc. Reduce -68.0% 0.31% −0.61
CAH Cardinal Health Inc. Reduce -84.8% 0.16% −0.59
WAB Wabtec Corp. Reduce -60.1% 0.50% −0.58
CTSH Cognizant Tech Solutions-A Sold out 0.00% −0.56
TSN Tyson Foods Inc. Class A Reduce -92.2% 0.06% −0.56
CPRT Copart Inc. Reduce -53.8% 0.43% −0.56
CRH CRH PLC Sold out 0.00% −0.52
CSCO Cisco Systems Inc. Reduce -65.3% 0.38% −0.52
WELL Welltower Inc. Reduce -77.1% 0.18% −0.52
PM Philip Morris International Sold out 0.00% −0.52
VRSK Verisk Analytics Inc. Sold out 0.00% −0.50
CRWD CrowdStrike Holdings Inc. Class A Sold out 0.00% −0.50
DOV Dover Corp. Sold out 0.00% −0.49
RSG Republic Services Inc. Reduce -68.3% 0.22% −0.48
APH Amphenol Corp. Class A Reduce -82.4% 0.12% −0.47
STT State Street Corp. Sold out 0.00% −0.46
ZTS Zoetis Inc. Sold out 0.00% −0.44
NEM Newmont Corp. Reduce -75.7% 0.19% −0.43
LNG Cheniere Energy Inc. Reduce -49.8% 0.35% −0.43
PGR Progressive Corp. Sold out 0.00% −0.42
AMT American Tower Corp. Reduce -82.3% 0.09% −0.42
KKR KKR & Co. Inc. Sold out 0.00% −0.40
AMD Advanced Micro Devices Reduce -82.4% 0.14% −0.40
COF Capital One Financial Corp. Reduce -64.8% 0.31% −0.40
PCAR Paccar Inc. Sold out 0.00% −0.39
ABNB Airbnb Inc. Class A Reduce -44.3% 0.81% −0.39
TEAM Atlassian Corp. Class A Reduce -85.3% 0.07% −0.38
PODD Insulet Corp. Reduce -77.6% 0.11% −0.38
UAL United Airlines Holdings Inc. Reduce -85.0% 0.09% −0.38
ED Consolidated Edison Inc. Reduce -81.2% 0.09% −0.37
CPAY Corpay Inc. Sold out 0.00% −0.37
CMG Chipotle Mexican Grill Inc. Sold out 0.00% −0.36
PKG Packaging Corp. of America Sold out 0.00% −0.35
NRG NRG Energy Inc. Reduce -60.0% 0.26% −0.35
BRK.B Berkshire Hathaway Inc. Class B Reduce -86.9% 0.06% −0.34
DHR Danaher Corp. Reduce -47.0% 0.67% −0.34
VRTX Vertex Pharmaceuticals Inc. Reduce -54.6% 0.44% −0.33
BALL Ball Corp. Sold out 0.00% −0.33

Portfolio Buys Q3 2025 → Q4 2025
NOC Northrop Grumman Corp. New 1.27% +1.27
GD General Dynamics Corp. Add +101.8% 1.91% +1.03
MSFT Microsoft Corp. New 0.91% +0.91
CVX Chevron Corp. Add +480.1% 1.08% +0.90
UNH Unitedhealth Group Inc. New 0.90% +0.90
AAPL Apple Inc. New 0.80% +0.80
LVS Las Vegas Sands Corp. New 0.76% +0.76
NDSN Nordson Corp. New 0.69% +0.69
MSI Motorola Solutions Inc. Add +296.5% 0.95% +0.69
BNY Bank of New York Mellon Corp. New 0.68% +0.68
BLK BlackRock Inc. New 0.65% +0.65
LLY Eli Lilly & Co. Add +233.7% 0.80% +0.64
OTIS Otis Worldwide Corp. Add +55.4% 1.59% +0.60
J Jacobs Solutions Inc. New 0.60% +0.60
DTE DTE Energy Company New 0.57% +0.57
PG The Procter & Gamble Co. Add +94.6% 1.15% +0.57
NEE Nextera Energy Inc. New 0.56% +0.56
MCO Moody's Corp. Add +436.8% 0.66% +0.56
EA Electronic Arts Inc. Add +357.9% 0.69% +0.55
PFE Pfizer Inc. New 0.54% +0.54
MS Morgan Stanley New 0.54% +0.54
MET Metlife Inc. New 0.52% +0.52
A Agilent Technologies Inc. New 0.51% +0.51
MPC Marathon Petroleum Corp. New 0.51% +0.51
DAY Dayforce Inc. New 0.50% +0.50
FCX Freeport-McMoran Inc. New 0.50% +0.50
MO Altria Group Inc. Add +70.8% 1.29% +0.49
PEP Pepsico Inc. Add +156.7% 0.76% +0.49
SYK Stryker Corp. Add +198.0% 0.70% +0.47
NVR NVR Inc. Add +571.2% 0.55% +0.47
ITW Illinois Tool Works Add +227.6% 0.64% +0.45
EW Edwards Lifesciences Corp. Add +103.6% 0.75% +0.44
XYL Xylem Inc. New 0.43% +0.43
QSR Restaurant Brands Intern Add +156.7% 0.63% +0.42
AOS Smith (a.o.) Corp. New 0.42% +0.42
SHW The Sherwin-Williams Co. New 0.38% +0.38
APTV Aptiv PLC Add +370.2% 0.48% +0.37
TRV The Travelers Cos Inc. New 0.37% +0.37
ALLE Allegion PLC New 0.35% +0.35
DGX Quest Diagnostics Inc. New 0.35% +0.35
MMM 3M Co. New 0.35% +0.35
CNP Centerpoint Energy Inc. New 0.35% +0.35
MA Mastercard Inc. Class A New 0.34% +0.34
HOLX Hologic Inc. Add +113.2% 0.56% +0.34
NI Nisource Inc. New 0.33% +0.33
SCHW Schwab (charles) Corp. Add +77.6% 0.64% +0.32
XOM Exxon Mobil Corp. Add +268.1% 0.41% +0.32
GL Globe Life Inc. Add +278.0% 0.41% +0.31
FRT Federal Realty Invs Trust New 0.31% +0.31
EXAS Exact Sciences Corp. New 0.30% +0.30

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 368$631.1MCVX, GD, RTX, AMT, CB
Q1 2026 353$508.4MVST, OTIS, TJX, CVX, EA
Q4 2025 341$523.9MGD, OTIS, LBRDK, MO, NOC
Q3 2025 314$568.4MLBRDK, AVGO, CMCSA, CB, CRM
Q2 2025 304$480.7MLBRDK, LLYVK, AVGO, CMCSA, PFE
Q1 2025 275$337.1MLBRDK, PNC, AON, USB, MRK
Q4 2024 265$237.5MLBRDK, TT, HES, LLYVK, CSCO
Q3 2024 273$251.3MLBRDK, MSI, ICE, PFE, BDX
Q2 2024 255$222.9MLBRDK, BDX, SPGI, CRM, TMO
Q1 2024 243$189.9MLBRDK, SHW, ALL, PM, SLB