Sienna Gestion

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Sienna Gestion reported 150 stock positions worth $1.7 billion. Its top holding was Nvidia (NVDA) at 7.9% of the portfolio, followed by Microsoft (MSFT, 6.7%) and Amazon.com (AMZN, 4.0%). Compared with Q3 2025, it opened 29 new positions, sold out of 38, added to 36 and reduced 29. The biggest buy was a new position in Accenture Class A (ACN) and the biggest sale an exit from BlackRock (BLK).

Most Recent 13F
Q2 2026
Location
PARIS, I0
CIK
0002021242
Portfolio Value
$1.7B (Q4 2025)
SEC Filing
0000945621-26-000314 ↗ filed Feb 13, 2026

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 Q3 2025 Q4 2025: $1.7B $1.7B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $1.7B Q2 2026

Holdings 150 stocks · $1.7B
NVDA Nvidia Corp. 7.86% 698,985 $130.4M Reduce -3.1%
MSFT Microsoft Corp. 6.73% 230,155 $111.6M Reduce -2.2%
AMZN Amazon.com Inc. 3.99% 286,195 $66.2M Reduce -5.5%
AVGO Broadcom Inc. 2.90% 138,296 $48.1M No change
JPM JPMorgan Chase & Co. 2.70% 139,237 $44.8M Add +2.7%
CSCO Cisco Systems Inc. 2.22% 478,717 $36.9M Add +5.4%
AMAT Applied Materials Inc. 1.72% 110,397 $28.6M Reduce -2.5%
MU Micron Technology Inc. 1.65% 93,986 $27.4M No change
JNJ Johnson & Johnson 1.61% 129,646 $26.7M Reduce -8.8%
TD Toronto-Dominion Bank 1.56% 274,559 $25.9M No change
HD Home Depot Inc. 1.48% 71,063 $24.5M Add +2.0%
V Visa Inc. Class A 1.38% 65,308 $23.0M Add +8.9%
BKNG Booking Holdings Inc. 1.35% 4,151 $22.4M No change
MFC Manulife Financial Corp. 1.33% 604,039 $22.0M Add +8.6%
INTU Intuit Inc. 1.31% 32,725 $21.8M Reduce -1.6%
LLY Eli Lilly & Co. 1.31% 20,289 $21.8M No change
ACN Accenture PLC Class A 1.30% 80,326 $21.6M New
LRCX Lam Research Corp. 1.21% 115,820 $20.0M Reduce -10.0%
PG The Procter & Gamble Co. 1.19% 137,202 $19.7M Reduce -8.4%
ANET Arista Networks Inc. 1.04% 130,532 $17.2M Add +2.4%
WBD Warner Bros Discovery Inc. 1.00% 576,238 $16.6M No change
AMP Ameriprise Financial Inc. 0.98% 33,072 $16.3M Add +11.2%
STT State Street Corp. 0.97% 123,671 $16.0M Add +4.6%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.92% 130,838 $15.2M Add +7.3%
SCHW Schwab (charles) Corp. 0.91% 150,637 $15.1M Add +12.8%
WDC Western Digital Corp. 0.91% 85,981 $15.1M No change
TT Trane Technologies PLC 0.89% 37,952 $14.8M New
AEM Agnico Eagle Mines Ltd. 0.87% 84,400 $14.4M No change
QCOM Qualcomm Inc. 0.86% 82,898 $14.3M No change
AER Aercap Holdings NV 0.86% 99,498 $14.3M New
PNR Pentair PLC 0.82% 129,969 $13.7M New
WAB Wabtec Corp. 0.82% 63,055 $13.6M Add +16.0%
COF Capital One Financial Corp. 0.81% 55,159 $13.4M Add +10.2%
PBA Pembina Pipeline Corp. 0.78% 339,024 $12.9M No change
TRV The Travelers Cos Inc. 0.77% 44,179 $12.9M Add +13.7%
ADBE Adobe Inc. 0.76% 35,935 $12.6M Add +8.3%
VZ Verizon Communications Inc. 0.76% 310,811 $12.6M Add +4.8%
CRM Salesforce Inc. 0.75% 46,796 $12.4M Reduce -4.0%
MCD McDonald's Corp. 0.73% 39,342 $12.1M No change
ADI Analog Devices Inc. 0.71% 43,362 $11.9M Add +24.9%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.70% 113,029 $11.7M Reduce -7.1%
UBER Uber Technologies Inc. 0.70% 142,500 $11.6M Reduce -4.2%
SLF Sun Life Financial Inc. 0.70% 186,385 $11.6M No change
AMD Advanced Micro Devices 0.70% 53,959 $11.6M Add +9.6%
DAL Delta Air Lines Inc. 0.68% 163,576 $11.3M No change
FFIV F5 Inc. 0.68% 43,679 $11.3M No change
INTC Intel Corp. 0.67% 36,780 $11.1M New
EBAY eBay Inc. 0.66% 125,863 $10.9M Add +9.1%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 0.64% 116,221 $10.6M Reduce -13.2%
PLD Prologis Inc. 0.63% 81,930 $10.5M No change
CMCSA Comcast Corp. Class A 0.62% 343,574 $10.2M No change
C Citigroup Inc. 0.61% 86,412 $10.1M Add +12.8%
MTB M & T Bank Corp. filed as M & T BK CORP 0.59% 47,959 $9.7M No change
WSM Williams-Sonoma Inc. 0.58% 53,725 $9.7M Add +12.8%
ORCL Oracle Corp. 0.58% 49,317 $9.7M Add +3.0%
EXPD Expeditors Intl Wash Inc. 0.57% 63,459 $9.5M Reduce -6.4%
ATO Atmos Energy Corp. 0.57% 56,500 $9.5M Reduce -17.2%
HIG Hartford Insurance Group Inc. 0.57% 67,937 $9.4M Add +5.2%
AAPL Apple Inc. 0.56% 33,921 $9.2M Add +24.1%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.55% 144,127 $9.1M No change
ETR Entergy Corp. 0.55% 97,942 $9.1M Reduce -9.8%
EME Emcor Group Inc. 0.54% 14,694 $9.0M No change
ABBV Abbvie Inc. 0.54% 39,240 $9.0M Reduce -2.5%
BMY Bristol-Myers Squibb Co. 0.53% 164,188 $8.9M No change
CEG Constellation Energy 0.53% 24,560 $8.7M No change
GS Goldman Sachs Group Inc. 0.53% 9,907 $8.7M Add +28.3%
SHOP Shopify Inc. Class A 0.51% 52,100 $8.5M No change
GOOGL Alphabet Inc. Class A 0.51% 26,927 $8.4M Add +3.0%
KLAC KLA Corp. 0.51% 6,795 $8.4M No change
AVB Avalonbay Communities Inc. 0.51% 45,646 $8.4M No change
CTSH Cognizant Tech Solutions-A 0.50% 99,787 $8.4M Reduce -8.6%
FOX Fox Corp. Class B 0.50% 126,962 $8.3M Reduce -10.8%
UNH Unitedhealth Group Inc. 0.49% 24,625 $8.1M Reduce -8.2%
IEX Idex Corp. 0.48% 45,053 $8.0M No change
PANW Palo Alto Networks Inc. 0.48% 43,211 $8.0M Reduce -7.2%
VEEV Veeva Systems Inc. Class A 0.47% 35,070 $7.8M Add +9.6%
STN Stantec Inc. 0.47% 82,400 $7.8M No change
WDAY Workday Inc. Class A 0.47% 36,214 $7.8M No change
RMD Resmed Inc. 0.47% 32,023 $7.7M Add +10.3%
ED Consolidated Edison Inc. 0.46% 77,327 $7.7M Add +30.8%
DRI Darden Restaurants Inc. 0.46% 41,187 $7.6M Reduce -7.9%
HAL Halliburton Co. 0.45% 263,401 $7.5M No change
HUBB Hubbell Inc. 0.44% 16,406 $7.3M No change
COR Cencora Inc. 0.43% 21,135 $7.2M No change
HWM Howmet Aerospace Inc. 0.43% 34,335 $7.1M No change
P Everpure Inc. Class A filed as PURE STORAGE INC 0.41% 101,038 $6.8M Reduce -14.1%
CP Canadian Pacific Kansas City 0.41% 107,700 $6.8M No change
GILD Gilead Sciences Inc. 0.39% 53,402 $6.5M No change
KMB Kimberly-Clark Corp. 0.39% 64,286 $6.5M No change
ELV Elevance Health Inc. 0.39% 18,686 $6.5M Add +11.8%
BBY Best Buy Co. Inc. 0.39% 95,714 $6.5M Reduce -5.7%
MKC McCormick & Co.-Non VTG SHRS 0.38% 92,869 $6.3M No change
PFE Pfizer Inc. 0.38% 253,540 $6.3M No change
FTNT Fortinet Inc. 0.38% 78,498 $6.3M Reduce -7.6%
A Agilent Technologies Inc. 0.37% 44,258 $6.1M Reduce -15.4%
FERG Ferguson Enterprises Inc. 0.36% 30,784 $5.9M No change
NOW ServiceNow Inc. 0.35% 38,250 $5.9M No change
PAYX Paychex Inc. 0.35% 51,349 $5.8M Reduce -8.5%
TWLO Twilio Inc. Class A 0.35% 40,103 $5.8M No change
FAST Fastenal Co. 0.34% 139,290 $5.7M Add +31.9%
ZTS Zoetis Inc. 0.33% 43,685 $5.5M No change
CNI Canadian Natl Railway Co. 0.33% 55,300 $5.5M No change
KR Kroger Co. 0.31% 82,327 $5.1M Reduce -9.2%
DOCU Docusign Inc. 0.31% 74,280 $5.1M No change
VRSN Verisign Inc. 0.30% 20,163 $4.9M No change
TPL Texas Pacific Land Corp. 0.29% 16,761 $4.9M No change
CI The Cigna Group 0.29% 17,592 $4.8M No change
DT Dynatrace Inc. 0.29% 127,655 $4.8M No change
GIB Cgi Inc. 0.28% 50,000 $4.6M No change
PYPL PayPal Holdings Inc. 0.27% 76,285 $4.5M Reduce -8.6%
CMG Chipotle Mexican Grill Inc. 0.26% 119,032 $4.4M No change
OKE Oneok Inc. 0.26% 58,683 $4.3M No change
MPC Marathon Petroleum Corp. 0.25% 25,884 $4.2M No change
PAYC Paycom Software Inc. 0.23% 23,792 $3.8M No change
TSLA Tesla Inc. 0.20% 7,462 $3.4M No change
RY Royal Bank of Canada 0.15% 14,545 $2.5M Add +2568.8%
GD General Dynamics Corp. 0.13% 6,358 $2.1M Add +83.6%
AME Ametek Inc. 0.12% 10,000 $2.1M New
NEM Newmont Corp. 0.12% 19,476 $2.0M No change
JBHT Hunt (jb) Transprt SVCS Inc. 0.11% 9,062 $1.8M New
SYK Stryker Corp. 0.11% 4,963 $1.7M New
PEP Pepsico Inc. 0.10% 11,781 $1.7M New
LOGI Logitech International-Reg 0.09% 15,333 $1.6M New
CL Colgate-Palmolive Co. 0.09% 19,046 $1.5M New
PLTR Palantir Technologies Inc. Class A 0.09% 8,323 $1.5M Add +75.2%
CMI Cummins Inc. 0.09% 2,923 $1.5M Reduce -32.3%
IDXX Idexx Laboratories Inc. 0.09% 2,141 $1.5M New
NFLX Netflix Inc. 0.08% 14,840 $1.4M Add +154.1%
SNOW Snowflake Inc. 0.08% 6,000 $1.3M New
PSX Phillips 66 0.08% 10,224 $1.3M New
VLO Valero Energy Corp. 0.08% 7,915 $1.3M New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.08% 11,106 $1.3M New
GEHC GE Healthcare Technology 0.07% 16,921 $1.2M New
WPC WP Carey Inc. 0.07% 18,182 $1.2M New
HSY The Hershey Co. 0.07% 6,432 $1.2M New
REGN Regeneron Pharmaceuticals 0.07% 1,499 $1.2M Add +202.8%
EXPE Expedia Group Inc. 0.07% 3,887 $1.1M No change
ABNB Airbnb Inc. Class A 0.06% 7,881 $1.1M New
EXC Exelon Corp. 0.06% 22,500 $983K New
MA Mastercard Inc. Class A 0.06% 1,695 $974K New
ALL Allstate Corp. 0.06% 4,598 $957K New
ABT Abbott Laboratories 0.06% 7,327 $917K New
ORLY O'reilly Automotive Inc. 0.05% 9,958 $906K New
ZS Zscaler Inc. 0.05% 4,000 $905K Add +77.8%
RCL Royal Caribbean Cruises Ltd. 0.05% 2,952 $827K New
PTC PTC Inc. 0.05% 4,514 $788K New
TSCO Tractor Supply Company 0.04% 13,576 $680K New
ITW Illinois Tool Works 0.03% 2,000 $499K No change
XBKNX BlackRock Invest QLTY Muni 0.01% 22,859 $246K New
ECL Ecolab Inc. 0.01% 590 $155K No change

Portfolio Sells Q3 2025 → Q4 2025
BLK BlackRock Inc. Sold out 0.00% −1.70
MSFT Microsoft Corp. Reduce -2.2% 6.73% −1.04
NVDA Nvidia Corp. Reduce -3.1% 7.86% −0.72
IBM Intl Business Machines Corp. Sold out 0.00% −0.66
PG The Procter & Gamble Co. Reduce -8.4% 1.19% −0.28
META Meta Platforms Inc. Class A Sold out 0.00% −0.25
AMZN Amazon.com Inc. Reduce -5.5% 3.99% −0.25
UBER Uber Technologies Inc. Reduce -4.2% 0.70% −0.23
P Everpure Inc. Class A Reduce -14.1% 0.41% −0.22
ATO Atmos Energy Corp. Reduce -17.2% 0.57% −0.17
INTU Intuit Inc. Reduce -1.6% 1.31% −0.13
PANW Palo Alto Networks Inc. Reduce -7.2% 0.48% −0.12
PAYX Paychex Inc. Reduce -8.5% 0.35% −0.10
BBY Best Buy Co. Inc. Reduce -5.7% 0.39% −0.10
UNH Unitedhealth Group Inc. Reduce -8.2% 0.49% −0.10
ETR Entergy Corp. Reduce -9.8% 0.55% −0.10
MS Morgan Stanley Sold out 0.00% −0.09
TROW T Rowe Price Group Inc. Reduce -7.1% 0.70% −0.09
BAC Bank of America Corp. Sold out 0.00% −0.09
PYPL PayPal Holdings Inc. Reduce -8.6% 0.27% −0.09
DRI Darden Restaurants Inc. Reduce -7.9% 0.46% −0.09
KR Kroger Co. Reduce -9.2% 0.31% −0.08
FTNT Fortinet Inc. Reduce -7.6% 0.38% −0.08
BR Broadridge Financial Solutio Sold out 0.00% −0.08
CAT Caterpillar Inc. Sold out 0.00% −0.07
JNJ Johnson & Johnson Reduce -8.8% 1.61% −0.07
SPG Simon Property Group Inc. Sold out 0.00% −0.07
AFL Aflac Inc. Sold out 0.00% −0.07
A Agilent Technologies Inc. Reduce -15.4% 0.37% −0.06
SNA Snap-on Inc. Sold out 0.00% −0.06
ABBV Abbvie Inc. Reduce -2.5% 0.54% −0.05
SYF Synchrony Financial Sold out 0.00% −0.05
EMR Emerson Electric Co. Sold out 0.00% −0.05
AMT American Tower Corp. Sold out 0.00% −0.05
LMT Lockheed Martin Corp. Sold out 0.00% −0.05
RPM RPM International Inc. Sold out 0.00% −0.05
MCO Moody's Corp. Sold out 0.00% −0.05
CM Can Imperial BK of Commerce Reduce -13.2% 0.64% −0.04
CAH Cardinal Health Inc. Sold out 0.00% −0.04
SSNC Ss&c Technologies Holdings Sold out 0.00% −0.04
KEYS Keysight Technologies Inc. Sold out 0.00% −0.04
NDAQ Nasdaq Inc. Sold out 0.00% −0.04
ISRG Intuitive Surgical Inc. Sold out 0.00% −0.04
FTS Fortis Inc. Sold out 0.00% −0.04
HCA HCA Healthcare Inc. Sold out 0.00% −0.04
ELS Equity Lifestyle Properties Sold out 0.00% −0.04
HII Huntington Ingalls Industrie Sold out 0.00% −0.04
CPRT Copart Inc. Sold out 0.00% −0.04
OC Owens Corning Sold out 0.00% −0.03
AXP American Express Co. Sold out 0.00% −0.03

Portfolio Buys Q3 2025 → Q4 2025
ACN Accenture PLC Class A New 1.30% +1.30
TT Trane Technologies PLC New 0.89% +0.89
AER Aercap Holdings NV New 0.86% +0.86
PNR Pentair PLC New 0.82% +0.82
INTC Intel Corp. New 0.67% +0.67
CSCO Cisco Systems Inc. Add +5.4% 2.22% +0.24
MFC Manulife Financial Corp. Add +8.6% 1.33% +0.22
AMD Advanced Micro Devices Add +9.6% 0.70% +0.19
ADI Analog Devices Inc. Add +24.9% 0.71% +0.17
RY Royal Bank of Canada Add +2568.8% 0.15% +0.14
GS Goldman Sachs Group Inc. Add +28.3% 0.53% +0.13
COF Capital One Financial Corp. Add +10.2% 0.81% +0.13
WAB Wabtec Corp. Add +16.0% 0.82% +0.13
AME Ametek Inc. New 0.12% +0.12
AAPL Apple Inc. Add +24.1% 0.56% +0.11
C Citigroup Inc. Add +12.8% 0.61% +0.11
JBHT Hunt (jb) Transprt SVCS Inc. New 0.11% +0.11
SYK Stryker Corp. New 0.11% +0.11
PEP Pepsico Inc. New 0.10% +0.10
GOOGL Alphabet Inc. Class A Add +3.0% 0.51% +0.10
SCHW Schwab (charles) Corp. Add +12.8% 0.91% +0.10
LOGI Logitech International-Reg New 0.09% +0.09
STT State Street Corp. Add +4.6% 0.97% +0.09
CL Colgate-Palmolive Co. New 0.09% +0.09
IDXX Idexx Laboratories Inc. New 0.09% +0.09
ED Consolidated Edison Inc. Add +30.8% 0.46% +0.08
TRV The Travelers Cos Inc. Add +13.7% 0.77% +0.08
V Visa Inc. Class A Add +8.9% 1.38% +0.08
SNOW Snowflake Inc. New 0.08% +0.08
PSX Phillips 66 New 0.08% +0.08
VLO Valero Energy Corp. New 0.08% +0.08
DIS The Walt Disney Co. New 0.08% +0.08
GEHC GE Healthcare Technology New 0.07% +0.07
WPC WP Carey Inc. New 0.07% +0.07
BNY Bank of New York Mellon Corp. Add +7.3% 0.92% +0.07
HSY The Hershey Co. New 0.07% +0.07
ABNB Airbnb Inc. Class A New 0.06% +0.06
EXC Exelon Corp. New 0.06% +0.06
MA Mastercard Inc. Class A New 0.06% +0.06
ALL Allstate Corp. New 0.06% +0.06
ABT Abbott Laboratories New 0.06% +0.06
ORLY O'reilly Automotive Inc. New 0.05% +0.05
GD General Dynamics Corp. Add +83.6% 0.13% +0.05
REGN Regeneron Pharmaceuticals Add +202.8% 0.07% +0.05
RCL Royal Caribbean Cruises Ltd. New 0.05% +0.05
AMP Ameriprise Financial Inc. Add +11.2% 0.98% +0.05
PTC PTC Inc. New 0.05% +0.05
ELV Elevance Health Inc. Add +11.8% 0.39% +0.05
TSCO Tractor Supply Company New 0.04% +0.04
NFLX Netflix Inc. Add +154.1% 0.08% +0.04

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