Sienna Gestion

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Sienna Gestion reported 159 stock positions worth $1.2 billion. Its top holding was Apple (AAPL) at 6.8% of the portfolio, followed by Microsoft (MSFT, 5.7%) and Nvidia (NVDA, 5.4%). Compared with Q4 2024, it opened 4 new positions, sold out of 46, added to 3 and reduced 121. The biggest buy was a new position in BlackRock Invest QLTY Muni (XBKNX) and the biggest sale an exit from BlackRock.

Most Recent 13F
Q2 2026
Location
PARIS, I0
CIK
0002021242
Portfolio Value
$1.2B (Q1 2025)
SEC Filing
0000945621-25-000460 ↗ filed May 13, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.2B Q1 2024 Q2 2024: $1.1B Q2 2024 Q3 2024: $1.5B Q3 2024 Q4 2024: $1.5B Q4 2024 Q1 2025: $1.2B $1.2B Q1 2025 Q2 2025: $1.5B Q2 2025 Q3 2025: $1.4B Q3 2025 Q4 2025: $1.7B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $1.7B Q2 2026

Holdings 159 stocks · $1.2B
AAPL Apple Inc. 6.80% 389,133 $84.0M Reduce -9.5%
MSFT Microsoft Corp. 5.71% 193,366 $70.6M Reduce -10.7%
NVDA Nvidia Corp. 5.44% 638,802 $67.3M Reduce -9.7%
AMZN Amazon.com Inc. 3.45% 230,413 $42.6M Reduce -9.8%
AVGO Broadcom Inc. 1.83% 139,108 $22.6M Reduce -9.2%
PG The Procter & Gamble Co. 1.81% 135,343 $22.4M Reduce -5.6%
HD Home Depot Inc. 1.81% 62,676 $22.3M Reduce -9.0%
JNJ Johnson & Johnson 1.54% 118,364 $19.1M Reduce -9.5%
JPM JPMorgan Chase & Co. 1.54% 79,744 $19.0M Reduce -5.6%
ACN Accenture PLC Class A 1.54% 62,610 $19.0M Reduce -9.6%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 1.28% 289,121 $15.8M Reduce -8.8%
COST Costco Wholesale Corp. 1.28% 17,154 $15.8M Reduce -10.4%
BKNG Booking Holdings Inc. 1.21% 3,349 $15.0M Reduce -9.9%
LLY Eli Lilly & Co. 1.20% 18,450 $14.8M Reduce -10.2%
AMAT Applied Materials Inc. 1.17% 102,753 $14.5M Reduce -8.9%
TD Toronto-Dominion Bank 1.16% 247,259 $14.4M Reduce -7.4%
INTU Intuit Inc. 1.12% 23,132 $13.8M Reduce -9.1%
AXP American Express Co. 1.06% 49,915 $13.1M Reduce -8.7%
BKR Baker Hughes Co. 1.03% 298,777 $12.8M Reduce -6.1%
AMP Ameriprise Financial Inc. 1.02% 26,816 $12.6M Reduce -10.5%
XBKNX BlackRock Invest QLTY Muni 1.02% 13,713 $12.6M New
UNH Unitedhealth Group Inc. 1.00% 24,365 $12.4M Reduce -9.5%
CMI Cummins Inc. 1.00% 40,496 $12.3M Reduce -5.5%
CSCO Cisco Systems Inc. 0.98% 201,631 $12.1M Reduce -10.9%
CRM Salesforce Inc. 0.93% 44,075 $11.5M Reduce -10.7%
BR Broadridge Financial Solutio 0.92% 48,038 $11.3M Reduce -5.5%
CMCSA Comcast Corp. Class A 0.90% 309,413 $11.1M Reduce -10.5%
UBER Uber Technologies Inc. 0.87% 152,301 $10.8M Reduce -5.9%
MCD McDonald's Corp. 0.87% 35,430 $10.8M Reduce -6.1%
V Visa Inc. Class A 0.87% 31,493 $10.7M Reduce -6.1%
FFIV F5 Inc. 0.82% 39,336 $10.2M Reduce -9.8%
SNA Snap-on Inc. 0.81% 30,393 $10.0M Reduce -5.6%
VZ Verizon Communications Inc. 0.80% 224,389 $9.9M Reduce -8.2%
EBAY eBay Inc. 0.80% 150,164 $9.9M Reduce -6.1%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.80% 110,481 $9.9M Reduce -5.7%
AVB Avalonbay Communities Inc. 0.80% 47,144 $9.8M Reduce -6.1%
MTB M & T Bank Corp. filed as M & T BK CORP 0.77% 55,086 $9.6M Reduce -6.1%
CAT Caterpillar Inc. 0.77% 29,638 $9.5M Reduce -5.6%
ATO Atmos Energy Corp. 0.76% 62,599 $9.4M Reduce -5.0%
SLF Sun Life Financial Inc. 0.76% 167,885 $9.3M Reduce -6.1%
ISRG Intuitive Surgical Inc. 0.75% 19,383 $9.3M Reduce -9.5%
ETR Entergy Corp. 0.75% 111,120 $9.2M Reduce -5.6%
TRV The Travelers Cos Inc. 0.74% 35,797 $9.2M Reduce -11.7%
PNR Pentair PLC 0.74% 107,988 $9.2M Reduce -6.0%
AEM Agnico Eagle Mines Ltd. 0.74% 86,500 $9.1M Reduce -5.8%
BMY Bristol-Myers Squibb Co. 0.72% 149,780 $8.9M Reduce -5.4%
ADBE Adobe Inc. 0.68% 22,693 $8.5M Reduce -12.0%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.68% 120,895 $8.4M Reduce -6.1%
EXPD Expeditors Intl Wash Inc. 0.68% 71,772 $8.4M Reduce -8.0%
TT Trane Technologies PLC 0.67% 25,199 $8.3M Reduce -5.8%
A Agilent Technologies Inc. 0.66% 71,219 $8.1M Reduce -9.2%
VLO Valero Energy Corp. 0.65% 62,456 $8.0M Reduce -10.2%
INTC Intel Corp. 0.65% 33,124 $8.0M Reduce -19.0%
KMB Kimberly-Clark Corp. 0.65% 57,894 $8.0M Reduce -6.1%
CPRT Copart Inc. 0.62% 139,147 $7.7M Reduce -5.6%
PAYX Paychex Inc. 0.62% 51,021 $7.7M Reduce -12.8%
AWK American Water Works Co. Inc. 0.61% 52,686 $7.6M Reduce -6.1%
QCOM Qualcomm Inc. 0.60% 49,975 $7.5M Reduce -9.8%
DFS Discover Financial Services 0.60% 44,601 $7.4M Reduce -5.6%
CTSH Cognizant Tech Solutions-A 0.60% 99,212 $7.4M Reduce -9.7%
KR Kroger Co. 0.59% 110,614 $7.3M Reduce -10.4%
STT State Street Corp. 0.59% 83,574 $7.3M Reduce -5.6%
HIG Hartford Insurance Group Inc. 0.57% 58,802 $7.1M Reduce -10.8%
MPC Marathon Petroleum Corp. 0.57% 49,634 $7.0M Reduce -10.7%
PANW Palo Alto Networks Inc. 0.57% 42,249 $7.0M Reduce -8.8%
WM Waste Management Inc. 0.56% 31,011 $7.0M Reduce -6.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.56% 71,957 $6.9M Reduce -6.1%
FTNT Fortinet Inc. 0.55% 72,680 $6.8M Reduce -5.6%
WMT Walmart Inc. 0.55% 79,557 $6.8M Reduce -15.9%
MKC McCormick & Co.-Non VTG SHRS 0.54% 83,635 $6.7M Reduce -11.3%
PYPL PayPal Holdings Inc. 0.54% 104,673 $6.6M Reduce -5.7%
BBY Best Buy Co. Inc. 0.53% 91,953 $6.6M Reduce -9.5%
ELV Elevance Health Inc. 0.52% 15,204 $6.4M Reduce -9.6%
CMG Chipotle Mexican Grill Inc. 0.51% 129,895 $6.3M Reduce -6.1%
FOX Fox Corp. Class B 0.50% 121,519 $6.2M Reduce -5.4%
ANSS Ansys Inc. 0.50% 19,957 $6.1M Reduce -5.8%
AMGN Amgen Inc. 0.49% 20,163 $6.1M Reduce -9.7%
RCL Royal Caribbean Cruises Ltd. 0.48% 29,420 $5.9M Reduce -10.1%
RMD Resmed Inc. 0.46% 26,380 $5.7M Reduce -5.6%
ED Consolidated Edison Inc. 0.46% 53,259 $5.7M Reduce -9.3%
REGN Regeneron Pharmaceuticals 0.46% 9,165 $5.7M Reduce -5.8%
KO The Coca-Cola Co. 0.46% 80,866 $5.6M Reduce -6.1%
PFE Pfizer Inc. 0.45% 228,331 $5.6M Reduce -11.9%
GILD Gilead Sciences Inc. 0.45% 50,969 $5.6M Reduce -5.8%
PLD Prologis Inc. 0.44% 50,503 $5.5M Reduce -6.1%
LRCX Lam Research Corp. 0.44% 77,529 $5.5M Reduce -11.4%
WBD Warner Bros Discovery Inc. 0.43% 505,484 $5.3M Reduce -6.1%
DOCU Docusign Inc. 0.42% 65,181 $5.2M Reduce -6.1%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.41% 28,751 $5.1M Reduce -6.1%
OKE Oneok Inc. 0.41% 52,849 $5.1M Reduce -6.1%
CI The Cigna Group 0.41% 15,843 $5.1M Reduce -6.1%
ORCL Oracle Corp. 0.40% 36,738 $5.0M Reduce -5.6%
PSX Phillips 66 0.40% 41,182 $4.9M Reduce -6.1%
AMD Advanced Micro Devices 0.40% 49,492 $4.9M Reduce -10.1%
JNPR Juniper Networks Inc. 0.40% 140,392 $4.9M Reduce -6.1%
SHOP Shopify Inc. Class A 0.39% 51,800 $4.8M Reduce -6.2%
EME Emcor Group Inc. 0.38% 13,233 $4.8M Reduce -6.1%
HUBB Hubbell Inc. 0.38% 14,775 $4.8M Reduce -6.1%
GIS General Mills Inc. 0.38% 81,636 $4.7M Reduce -12.6%
CNI Canadian Natl Railway Co. 0.38% 49,800 $4.7M Reduce -6.0%

Show all 159 holdings

Portfolio Sells Q4 2024 → Q1 2025
BLACKROCK INC Sold out 0.00% −1.06
NVDA Nvidia Corp. Reduce -9.7% 5.44% −0.96
AVGO Broadcom Inc. Reduce -9.2% 1.83% −0.57
AAPL Apple Inc. Reduce -9.5% 6.80% −0.47
MSFT Microsoft Corp. Reduce -10.7% 5.71% −0.45
AMZN Amazon.com Inc. Reduce -9.8% 3.45% −0.34
GOOG Alphabet Inc. Class C Sold out 0.00% −0.20
CRM Salesforce Inc. Reduce -10.7% 0.93% −0.18
DECK Deckers Outdoor Corp. Reduce -6.1% 0.22% −0.15
TSLA Tesla Inc. Reduce -36.9% 0.13% −0.14
ANET Arista Networks Inc. Reduce -5.3% 0.37% −0.11
ACN Accenture PLC Class A Reduce -9.6% 1.54% −0.11
DAL Delta Air Lines Inc. Reduce -6.3% 0.38% −0.10
PYPL PayPal Holdings Inc. Reduce -5.7% 0.54% −0.10
TROW T Rowe Price Group Inc. Reduce -5.7% 0.80% −0.10
ADBE Adobe Inc. Reduce -12.0% 0.68% −0.09
CM Can Imperial BK of Commerce Reduce -8.8% 1.28% −0.07
AMAT Applied Materials Inc. Reduce -8.9% 1.17% −0.07
CNQ Canadian Natural Resources Sold out 0.00% −0.07
BNS Bank of Nova Scotia Sold out 0.00% −0.06
PM Philip Morris International Sold out 0.00% −0.06
HUBB Hubbell Inc. Reduce -6.1% 0.38% −0.06
AME Ametek Inc. Sold out 0.00% −0.06
A Agilent Technologies Inc. Reduce -9.2% 0.66% −0.06
BBY Best Buy Co. Inc. Reduce -9.5% 0.53% −0.06
AMP Ameriprise Financial Inc. Reduce -10.5% 1.02% −0.06
MA Mastercard Inc. Class A Sold out 0.00% −0.06
CMG Chipotle Mexican Grill Inc. Reduce -6.1% 0.51% −0.05
RY Royal Bank of Canada Reduce -91.8% 0.00% −0.05
AMD Advanced Micro Devices Reduce -10.1% 0.40% −0.05
EOG EOG Resources Inc. Sold out 0.00% −0.05
ADP Automatic Data Processing Sold out 0.00% −0.05
FANG Diamondback Energy Inc. Sold out 0.00% −0.05
EME Emcor Group Inc. Reduce -6.1% 0.38% −0.05
NFLX Netflix Inc. Reduce -60.9% 0.04% −0.05
EVRG Evergy Inc. Sold out 0.00% −0.05
SPG Simon Property Group Inc. Reduce -41.1% 0.08% −0.04
AXP American Express Co. Reduce -8.7% 1.06% −0.04
PNR Pentair PLC Reduce -6.0% 0.74% −0.04
SEIC Sei Investments Company Sold out 0.00% −0.04
SU Suncor Energy Inc. Sold out 0.00% −0.04
AZPN Aspen Technology Inc. Sold out 0.00% −0.04
PPG PPG Industries Inc. Sold out 0.00% −0.03
CTAS Cintas Corp. Sold out 0.00% −0.03
SYF Synchrony Financial Reduce -38.2% 0.05% −0.03
RCL Royal Caribbean Cruises Ltd. Reduce -10.1% 0.48% −0.03
ORCL Oracle Corp. Reduce -5.6% 0.40% −0.03
BKNG Booking Holdings Inc. Reduce -9.9% 1.21% −0.03
GD General Dynamics Corp. Reduce -42.6% 0.07% −0.03
ADI Analog Devices Inc. Sold out 0.00% −0.03

Portfolio Buys Q4 2024 → Q1 2025
XBKNX BlackRock Invest QLTY Muni New 1.02% +1.02
CCEP Coca-Cola Europacific Partne Add +443.5% 0.16% +0.14
NEM Newmont Corp. New 0.10% +0.10
B Barrick Gold Corp. Add +276.2% 0.08% +0.06
ZS Zscaler Inc. New 0.04% +0.04
PLTR Palantir Technologies Inc. Class A New 0.03% +0.03
CCJ Cameco Corp. Add +30.1% 0.11% +0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 177$1.7BNVDA, AAPL, MSFT, GOOGL, AVGO
Q1 2026 136$1.5BNVDA, AAPL, MSFT, AVGO, TSLA
Q4 2025 150$1.7BNVDA, MSFT, AMZN, AVGO, JPM
Q3 2025 159$1.4BNVDA, MSFT, AMZN, AVGO, JPM
Q2 2025 159$1.5BNVDA, MSFT, AAPL, AMZN, AVGO
Q1 2025 159$1.2BAAPL, MSFT, NVDA, AMZN, AVGO
Q4 2024 201$1.5BAAPL, NVDA, MSFT, AMZN, AVGO
Q3 2024 207$1.5BMSFT, NVDA, GOOGL, AMAT, HD
Q2 2024 159$1.1BMSFT, NVDA, GOOGL, AMAT, AVGO
Q1 2024Amended 160$1.2BMSFT, NWSA, AAPL, NVDA, AMAT