Sienna Gestion

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Sienna Gestion reported 159 stock positions worth $1.4 billion. Its top holding was Nvidia (NVDA) at 8.6% of the portfolio, followed by Microsoft (MSFT, 7.8%) and Amazon.com (AMZN, 4.2%). Compared with Q2 2025, it opened 28 new positions, sold out of 28, added to 32 and reduced 29. The biggest buy was Nvidia (NVDA, shares +1%) and the biggest sale Apple (AAPL, shares −93%).

Most Recent 13F
Q2 2026
Location
PARIS, I0
CIK
0002021242
Portfolio Value
$1.4B (Q3 2025)
SEC Filing
0000945621-25-001073 ↗ filed Nov 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 Q1 2025 Q2 2025: $1.5B Q2 2025 Q3 2025: $1.4B $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 · $1.4B
NVDA Nvidia Corp. 8.58% 721,648 $122.8M Add +1.1%
MSFT Microsoft Corp. 7.77% 235,362 $111.1M Add +11.6%
AMZN Amazon.com Inc. 4.24% 302,867 $60.6M Add +22.0%
AVGO Broadcom Inc. 2.91% 138,296 $41.6M Reduce -9.8%
JPM JPMorgan Chase & Co. 2.72% 135,565 $39.0M Add +54.5%
CSCO Cisco Systems Inc. 1.98% 454,172 $28.3M Add +102.9%
HD Home Depot Inc. 1.80% 69,658 $25.7M Add +0.6%
BLK BlackRock Inc. 1.70% 22,859 $24.3M Add +51.5%
JNJ Johnson & Johnson 1.68% 142,127 $24.0M Add +9.3%
AMAT Applied Materials Inc. 1.48% 113,221 $21.1M No change
PG The Procter & Gamble Co. 1.47% 149,767 $21.0M Add +0.6%
INTU Intuit Inc. 1.45% 33,244 $20.7M Add +30.6%
BKNG Booking Holdings Inc. 1.43% 4,151 $20.4M Add +12.2%
TD Toronto-Dominion Bank 1.40% 274,559 $20.0M No change
V Visa Inc. Class A 1.30% 59,983 $18.7M Add +71.5%
ANET Arista Networks Inc. 1.18% 127,489 $16.9M Add +111.1%
MFC Manulife Financial Corp. 1.10% 556,239 $15.8M Add +233.6%
LRCX Lam Research Corp. 1.10% 128,660 $15.7M Add +52.0%
MU Micron Technology Inc. 1.00% 93,986 $14.3M Add +87.4%
LLY Eli Lilly & Co. 0.99% 20,289 $14.1M No change
AMP Ameriprise Financial Inc. 0.93% 29,750 $13.3M No change
UBER Uber Technologies Inc. 0.93% 148,772 $13.3M Reduce -11.7%
AEM Agnico Eagle Mines Ltd. 0.91% 84,400 $13.0M Reduce -11.5%
FFIV F5 Inc. 0.90% 43,679 $12.9M No change
QCOM Qualcomm Inc. 0.88% 82,898 $12.6M Add +51.2%
STT State Street Corp. 0.87% 118,255 $12.5M Add +28.6%
PBA Pembina Pipeline Corp. 0.87% 339,024 $12.5M Add +1412500.0%
ORCL Oracle Corp. 0.86% 47,859 $12.3M Add +18.4%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.85% 121,896 $12.1M New
VZ Verizon Communications Inc. 0.83% 296,601 $11.9M Add +19.8%
SCHW Schwab (charles) Corp. 0.81% 133,597 $11.6M New
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.80% 121,719 $11.4M No change
MCD McDonald's Corp. 0.76% 39,342 $10.9M No change
ADBE Adobe Inc. 0.75% 33,166 $10.7M Add +32.0%
ATO Atmos Energy Corp. 0.74% 68,217 $10.6M No change
CRM Salesforce Inc. 0.74% 48,728 $10.5M No change
WBD Warner Bros Discovery Inc. 0.72% 576,238 $10.3M Add +14.0%
SLF Sun Life Financial Inc. 0.71% 186,385 $10.2M No change
WAB Wabtec Corp. 0.69% 54,338 $9.9M New
TRV The Travelers Cos Inc. 0.69% 38,859 $9.9M Reduce -2.7%
CMCSA Comcast Corp. Class A 0.69% 343,574 $9.8M No change
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 0.68% 133,821 $9.8M Reduce -58.1%
COF Capital One Financial Corp. 0.68% 50,047 $9.7M No change
EBAY eBay Inc. 0.67% 115,362 $9.6M Reduce -30.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.66% 36,780 $9.5M No change
WDC Western Digital Corp. 0.66% 85,981 $9.4M New
ETR Entergy Corp. 0.64% 108,518 $9.2M Reduce -11.2%
P Everpure Inc. Class A filed as PURE STORAGE INC 0.63% 117,646 $9.0M New
EME Emcor Group Inc. 0.61% 14,694 $8.7M No change
VEEV Veeva Systems Inc. Class A 0.61% 32,011 $8.7M Add +82.3%
MTB M & T Bank Corp. filed as M & T BK CORP 0.60% 47,959 $8.6M Reduce -21.6%
PANW Palo Alto Networks Inc. 0.60% 46,545 $8.6M No change
PLD Prologis Inc. 0.60% 81,930 $8.6M Add +46.1%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.59% 144,127 $8.5M Add +7.4%
ABBV Abbvie Inc. 0.59% 40,255 $8.5M Add +712.1%
WSM Williams-Sonoma Inc. 0.59% 47,651 $8.5M New
DAL Delta Air Lines Inc. 0.59% 163,576 $8.5M Add +32.2%
UNH Unitedhealth Group Inc. 0.59% 26,813 $8.4M No change
STN Stantec Inc. 0.57% 82,400 $8.1M New
AVB Avalonbay Communities Inc. 0.56% 45,646 $8.0M Reduce -12.8%
WDAY Workday Inc. Class A 0.56% 36,214 $7.9M New
HIG Hartford Insurance Group Inc. 0.55% 64,592 $7.9M No change
ADI Analog Devices Inc. 0.54% 34,705 $7.8M New
DRI Darden Restaurants Inc. 0.54% 44,723 $7.8M Add +1164.8%
EXPD Expeditors Intl Wash Inc. 0.53% 67,814 $7.6M Reduce -14.4%
FOX Fox Corp. Class B 0.52% 142,288 $7.4M Add +6.8%
CEG Constellation Energy 0.51% 24,560 $7.4M New
CP Canadian Pacific Kansas City 0.51% 107,700 $7.3M New
KMB Kimberly-Clark Corp. 0.51% 64,286 $7.3M No change
AMD Advanced Micro Devices 0.51% 49,257 $7.3M Reduce -10.4%
RMD Resmed Inc. 0.51% 29,035 $7.2M No change
C Citigroup Inc. 0.50% 76,623 $7.1M New
SHOP Shopify Inc. Class A 0.49% 52,100 $7.1M Reduce -9.4%
BBY Best Buy Co. Inc. 0.49% 101,470 $7.0M No change
BMY Bristol-Myers Squibb Co. 0.47% 164,188 $6.8M No change
IEX Idex Corp. 0.47% 45,053 $6.7M New
KLAC KLA Corp. 0.47% 6,795 $6.7M New
CTSH Cognizant Tech Solutions-A 0.47% 109,132 $6.7M No change
FTNT Fortinet Inc. 0.46% 84,973 $6.5M Add +6.2%
PAYX Paychex Inc. 0.45% 56,127 $6.5M No change
HUBB Hubbell Inc. 0.45% 16,406 $6.4M No change
NOW ServiceNow Inc. 0.45% 7,650 $6.4M New
AAPL Apple Inc. 0.44% 27,327 $6.3M Reduce -93.5%
FERG Ferguson Enterprises Inc. 0.44% 30,784 $6.3M New
HWM Howmet Aerospace Inc. 0.43% 34,335 $6.1M New
A Agilent Technologies Inc. 0.43% 52,289 $6.1M Reduce -33.4%
COR Cencora Inc. 0.42% 21,135 $6.0M New
HAL Halliburton Co. 0.41% 263,401 $5.9M New
PFE Pfizer Inc. 0.41% 253,540 $5.9M No change
ZTS Zoetis Inc. 0.41% 43,685 $5.8M New
GOOGL Alphabet Inc. Class A 0.41% 26,155 $5.8M No change
MKC McCormick & Co.-Non VTG SHRS 0.40% 92,869 $5.7M No change
DT Dynatrace Inc. 0.39% 127,655 $5.6M New
GS Goldman Sachs Group Inc. 0.39% 7,725 $5.6M No change
KR Kroger Co. 0.39% 90,669 $5.6M Reduce -25.6%
ED Consolidated Edison Inc. 0.38% 59,139 $5.4M No change
GILD Gilead Sciences Inc. 0.38% 53,402 $5.4M Reduce -5.1%
VRSN Verisign Inc. 0.36% 20,163 $5.1M New
PYPL PayPal Holdings Inc. 0.36% 83,422 $5.1M Reduce -27.7%
ELV Elevance Health Inc. 0.34% 16,710 $4.9M No change

Show all 159 holdings

Portfolio Sells Q2 2025 → Q3 2025
AAPL Apple Inc. Reduce -93.5% 0.44% −4.94
DB Deutsche Bank AG-Registered Sold out 0.00% −2.37
ACN Accenture PLC Class A Sold out 0.00% −1.30
UBS UBS Group AG-Reg Sold out 0.00% −1.22
COST Costco Wholesale Corp. Sold out 0.00% −1.18
AXP American Express Co. Reduce -97.4% 0.03% −1.08
CMI Cummins Inc. Reduce -90.3% 0.12% −0.80
BKR Baker Hughes Co. Sold out 0.00% −0.80
PNR Pentair PLC Sold out 0.00% −0.77
TT Trane Technologies PLC Sold out 0.00% −0.76
CM Can Imperial BK of Commerce Reduce -58.1% 0.68% −0.74
BR Broadridge Financial Solutio Reduce -90.4% 0.08% −0.73
CAT Caterpillar Inc. Reduce -92.5% 0.07% −0.72
ISRG Intuitive Surgical Inc. Reduce -93.5% 0.04% −0.69
RCL Royal Caribbean Cruises Ltd. Sold out 0.00% −0.64
DIS The Walt Disney Co. Sold out 0.00% −0.62
SNA Snap-on Inc. Reduce -92.1% 0.06% −0.60
VLO Valero Energy Corp. Sold out 0.00% −0.59
WMT Walmart Inc. Sold out 0.00% −0.54
AWK American Water Works Co. Inc. Sold out 0.00% −0.51
WM Waste Management Inc. Sold out 0.00% −0.49
ANSS Ansys Inc. Sold out 0.00% −0.49
CPRT Copart Inc. Reduce -91.9% 0.04% −0.44
KO The Coca-Cola Co. Sold out 0.00% −0.40
AMGN Amgen Inc. Sold out 0.00% −0.39
JNPR Juniper Networks Inc. Sold out 0.00% −0.39
JKHY Jack Henry & Associates Inc. Sold out 0.00% −0.36
REGN Regeneron Pharmaceuticals Reduce -95.1% 0.02% −0.32
PSX Phillips 66 Sold out 0.00% −0.31
STLD Steel Dynamics Inc. Sold out 0.00% −0.28
IPG Interpublic Group of Cos Inc. Sold out 0.00% −0.27
SNPS Synopsys Inc. Reduce -94.9% 0.01% −0.26
MPC Marathon Petroleum Corp. Reduce -53.0% 0.32% −0.26
GIS General Mills Inc. Reduce -92.7% 0.02% −0.25
TMO Thermo Fisher Scientific Inc. Sold out 0.00% −0.25
LDOS Leidos Holdings Inc. Sold out 0.00% −0.22
TEAM Atlassian Corp. Class A Sold out 0.00% −0.21
CMG Chipotle Mexican Grill Inc. Reduce -17.5% 0.30% −0.21
PYPL PayPal Holdings Inc. Reduce -27.7% 0.36% −0.18
DECK Deckers Outdoor Corp. Sold out 0.00% −0.16
KR Kroger Co. Reduce -25.6% 0.39% −0.16
A Agilent Technologies Inc. Reduce -33.4% 0.43% −0.15
CCJ Cameco Corp. Sold out 0.00% −0.14
MTB M & T Bank Corp. Reduce -21.6% 0.60% −0.14
CCEP Coca-Cola Europacific Partne Sold out 0.00% −0.14
EBAY eBay Inc. Reduce -30.8% 0.67% −0.11
AVB Avalonbay Communities Inc. Reduce -12.8% 0.56% −0.11
CSX CSX Corp. Sold out 0.00% −0.07
UBER Uber Technologies Inc. Reduce -11.7% 0.93% −0.06
EXPD Expeditors Intl Wash Inc. Reduce -14.4% 0.53% −0.04

Portfolio Buys Q2 2025 → Q3 2025
NVDA Nvidia Corp. Add +1.1% 8.58% +1.49
MSFT Microsoft Corp. Add +11.6% 7.77% +1.17
JPM JPMorgan Chase & Co. Add +54.5% 2.72% +1.13
CSCO Cisco Systems Inc. Add +102.9% 1.98% +1.00
PBA Pembina Pipeline Corp. Add +1412500.0% 0.87% +0.87
BNY Bank of New York Mellon Corp. New 0.85% +0.85
AMZN Amazon.com Inc. Add +22.0% 4.24% +0.82
SCHW Schwab (charles) Corp. New 0.81% +0.81
ANET Arista Networks Inc. Add +111.1% 1.18% +0.80
MFC Manulife Financial Corp. Add +233.6% 1.10% +0.77
BLK BlackRock Inc. Add +51.5% 1.70% +0.70
WAB Wabtec Corp. New 0.69% +0.69
WDC Western Digital Corp. New 0.66% +0.66
P Everpure Inc. Class A New 0.63% +0.63
MU Micron Technology Inc. Add +87.4% 1.00% +0.61
WSM Williams-Sonoma Inc. New 0.59% +0.59
LRCX Lam Research Corp. Add +52.0% 1.10% +0.58
STN Stantec Inc. New 0.57% +0.57
WDAY Workday Inc. Class A New 0.56% +0.56
ADI Analog Devices Inc. New 0.54% +0.54
ABBV Abbvie Inc. Add +712.1% 0.59% +0.54
V Visa Inc. Class A Add +71.5% 1.30% +0.52
CEG Constellation Energy New 0.51% +0.51
CP Canadian Pacific Kansas City New 0.51% +0.51
C Citigroup Inc. New 0.50% +0.50
DRI Darden Restaurants Inc. Add +1164.8% 0.54% +0.49
IEX Idex Corp. New 0.47% +0.47
KLAC KLA Corp. New 0.47% +0.47
NOW ServiceNow Inc. New 0.45% +0.45
FERG Ferguson Enterprises Inc. New 0.44% +0.44
JNJ Johnson & Johnson Add +9.3% 1.68% +0.43
HWM Howmet Aerospace Inc. New 0.43% +0.43
COR Cencora Inc. New 0.42% +0.42
HAL Halliburton Co. New 0.41% +0.41
ZTS Zoetis Inc. New 0.41% +0.41
DT Dynatrace Inc. New 0.39% +0.39
VRSN Verisign Inc. New 0.36% +0.36
WBD Warner Bros Discovery Inc. Add +14.0% 0.72% +0.35
TPL Texas Pacific Land Corp. New 0.33% +0.33
QCOM Qualcomm Inc. Add +51.2% 0.88% +0.33
FAST Fastenal Co. New 0.33% +0.33
PAYC Paycom Software Inc. New 0.32% +0.32
ORCL Oracle Corp. Add +18.4% 0.86% +0.30
VEEV Veeva Systems Inc. Class A Add +82.3% 0.61% +0.29
STT State Street Corp. Add +28.6% 0.87% +0.26
TWLO Twilio Inc. Class A New 0.26% +0.26
PLD Prologis Inc. Add +46.1% 0.60% +0.23
DAL Delta Air Lines Inc. Add +32.2% 0.59% +0.21
HD Home Depot Inc. Add +0.6% 1.80% +0.20
INTU Intuit Inc. Add +30.6% 1.45% +0.19

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