Tobam
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), Tobam reported 247 stock positions worth $276.0 million. Its top holding was Strategy (MSTR) at 3.2% of the portfolio, followed by Consolidated Edison (ED, 2.8%) and Hershey (HSY, 2.7%). Compared with Q2 2025, it opened 29 new positions, sold out of 35, added to 81 and reduced 91. The biggest buy was Cencora (COR, shares +107%) and the biggest sale WR Berkley (WRB, shares −62%).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0001527488
- Portfolio Value
- $276.0M (Q3 2025)
- SEC Filing
- 0001527488-25-000009 ↗ filed Nov 7, 2025
Holdings Value
Holdings 247 stocks · $276.0M
| MSTR Strategy Inc. | 3.17% | 27,189 | $8.8M | Add +103.5% |
| ED Consolidated Edison Inc. | 2.76% | 75,802 | $7.6M | Add +22.9% |
| HSY The Hershey Co. | 2.74% | 40,449 | $7.6M | Reduce -6.6% |
| CBOE Cboe Global Markets Inc. | 2.73% | 30,756 | $7.5M | Reduce -4.7% |
| KR Kroger Co. | 2.72% | 111,482 | $7.5M | Add +34.9% |
| CHD Church & Dwight Co. Inc. | 2.71% | 85,412 | $7.5M | Add +11.7% |
| VZ Verizon Communications Inc. | 2.70% | 169,592 | $7.5M | Reduce -0.4% |
| T AT&T Inc. | 2.68% | 262,322 | $7.4M | Add +1.2% |
| COR Cencora Inc. | 2.50% | 22,053 | $6.9M | Add +106.9% |
| CLX Clorox Company | 2.42% | 54,281 | $6.7M | Add +11.3% |
| EXC Exelon Corp. | 2.40% | 146,893 | $6.6M | Add +34.6% |
| EA Electronic Arts Inc. | 2.39% | 32,651 | $6.6M | Reduce -12.4% |
| GOOGL Alphabet Inc. Class A | 2.28% | 25,884 | $6.3M | Add +9.1% |
| DG Dollar General Corp. | 1.96% | 52,447 | $5.4M | Add +18.1% |
| UNH Unitedhealth Group Inc. | 1.89% | 15,105 | $5.2M | Reduce -10.7% |
| EW Edwards Lifesciences Corp. | 1.89% | 67,056 | $5.2M | Add +49.2% |
| AMT American Tower Corp. | 1.82% | 26,169 | $5.0M | Reduce -3.7% |
| TMUS T-Mobile US Inc. | 1.70% | 19,553 | $4.7M | Add +29.9% |
| GIS General Mills Inc. | 1.67% | 91,435 | $4.6M | Reduce -19.3% |
| LPLA LPL Financial Holdings Inc. | 1.65% | 13,648 | $4.5M | Add +16.1% |
| CNC Centene Corp. | 1.57% | 121,376 | $4.3M | Add +236.3% |
| BMY Bristol-Myers Squibb Co. | 1.56% | 95,595 | $4.3M | Add +17.3% |
| WST West Pharmaceutical Services | 1.55% | 16,338 | $4.3M | Reduce -19.1% |
| KDP Keurig Dr Pepper Inc. | 1.48% | 160,589 | $4.1M | Add +82.6% |
| DXCM Dexcom Inc. | 1.46% | 59,948 | $4.0M | Add +20.5% |
| DLTR Dollar Tree Inc. | 1.43% | 41,964 | $4.0M | Reduce -5.3% |
| AVGO Broadcom Inc. | 1.41% | 11,806 | $3.9M | Reduce -20.9% |
| MDLZ Mondelez International Inc. Class A | 1.40% | 61,835 | $3.9M | Add +651.8% |
| NVDA Nvidia Corp. | 1.37% | 20,270 | $3.8M | Add +3.5% |
| JNJ Johnson & Johnson | 1.33% | 19,780 | $3.7M | Add +59.8% |
| FSLR First Solar Inc. | 1.30% | 16,244 | $3.6M | Reduce -25.9% |
| AXON Axon Enterprise Inc. | 1.29% | 4,974 | $3.6M | Add +19.4% |
| ANET Arista Networks Inc. | 1.21% | 22,867 | $3.3M | Reduce -7.7% |
| UTHR United Therapeutics Corp. | 1.16% | 7,646 | $3.2M | Add +183.9% |
| HUM Humana Inc. | 1.12% | 11,910 | $3.1M | Reduce -36.2% |
| INSM Insmed Inc. | 1.00% | 19,097 | $2.8M | New |
| FISV Fiserv Inc. | 0.98% | 21,016 | $2.7M | Add +1095.5% |
| NKE Nike Inc. Class B | 0.92% | 36,413 | $2.5M | Reduce -2.3% |
| TU Telus Corp. | 0.90% | 112,948 | $2.5M | Add +3.6% |
| DHI D.R. Horton Inc. | 0.87% | 14,206 | $2.4M | Reduce -10.5% |
| ORCL Oracle Corp. | 0.86% | 8,486 | $2.4M | Add +290.0% |
| BCE Bce Inc. | 0.86% | 72,785 | $2.4M | Reduce -6.6% |
| HDB HDFC Bank Ltd.-ADR | 0.85% | 68,835 | $2.4M | Add +2.9% |
| ELV Elevance Health Inc. | 0.85% | 7,244 | $2.3M | Add +1272.0% |
| FTNT Fortinet Inc. | 0.84% | 27,616 | $2.3M | Add +110.5% |
| LLY Eli Lilly & Co. | 0.84% | 3,033 | $2.3M | Reduce -10.9% |
| NEM Newmont Corp. | 0.82% | 26,777 | $2.3M | Reduce -61.8% |
| DECK Deckers Outdoor Corp. | 0.81% | 22,065 | $2.2M | Reduce -4.8% |
| EQT Eqt Corp. | 0.79% | 40,208 | $2.2M | Add +470.0% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.79% | 28,440 | $2.2M | Reduce -61.8% |
| MRK Merck & Co. Inc. | 0.79% | 25,843 | $2.2M | Reduce -47.0% |
| GM General Motors Co. | 0.73% | 32,900 | $2.0M | New |
| MRNA Moderna Inc. | 0.67% | 71,798 | $1.9M | Reduce -28.4% |
| MCK McKesson Corp. | 0.64% | 2,279 | $1.8M | Reduce -64.7% |
| EBAY eBay Inc. | 0.63% | 19,244 | $1.8M | New |
| JHX James Hardie Ord | 0.62% | 89,373 | $1.7M | New |
| LULU Lululemon Athletica Inc. | 0.62% | 9,607 | $1.7M | Add +127.1% |
| CCI Crown Castle Inc. | 0.61% | 17,564 | $1.7M | Reduce -43.9% |
| RDDT Reddit Inc. Class A | 0.51% | 6,142 | $1.4M | Reduce -11.5% |
| HRL Hormel Foods Corp. | 0.49% | 54,545 | $1.3M | Add +73.9% |
| HUT Hut 8 Corp. | 0.47% | 37,060 | $1.3M | Add +6.0% |
| RCI Rogers Communications Inc. Class B | 0.45% | 26,108 | $1.3M | Add +551.9% |
| INCY Incyte Corp. | 0.42% | 13,834 | $1.2M | Reduce -24.1% |
| WT Wisdomtree Inc. | 0.42% | 83,808 | $1.2M | Add +34.9% |
| NTRS Northern Trust Corp. | 0.42% | 8,637 | $1.2M | Add +45.7% |
| ALAB Astera Labs Inc. | 0.41% | 5,750 | $1.1M | New |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.40% | 10,238 | $1.1M | Add +537.1% |
| V Visa Inc. Class A | 0.40% | 3,231 | $1.1M | Add +40.0% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.38% | 12,519 | $1.0M | Add +1925.7% |
| MA Mastercard Inc. Class A | 0.38% | 1,841 | $1.0M | Add +55.6% |
| IBN Icici Bank Ltd.-Spon ADR | 0.37% | 34,192 | $1.0M | No change |
| MARA Mara Holdings Inc. | 0.37% | 56,293 | $1.0M | Add +51.1% |
| CLSK Cleanspark Inc. | 0.35% | 67,051 | $972K | Add +30.4% |
| XYZ Block Inc. | 0.35% | 13,283 | $960K | Add +30.0% |
| PODD Insulet Corp. | 0.34% | 3,047 | $941K | Add +218.4% |
| SNPS Synopsys Inc. | 0.31% | 1,715 | $846K | Add +34200.0% |
| MSFT Microsoft Corp. | 0.29% | 1,542 | $799K | Reduce -0.1% |
| NTNX Nutanix Inc. Class A | 0.27% | 9,920 | $738K | Reduce -14.8% |
| SMLR Semler Scientific Inc. | 0.26% | 23,879 | $716K | New |
| NBIX Neurocrine Biosciences Inc. | 0.26% | 5,041 | $708K | Reduce -47.4% |
| AAPL Apple Inc. | 0.24% | 2,599 | $662K | Add +1.0% |
| TWLO Twilio Inc. Class A | 0.24% | 6,619 | $662K | Add +102.8% |
| AMZN Amazon.com Inc. | 0.24% | 2,982 | $655K | Add +4.3% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.23% | 7,138 | $640K | New |
| META Meta Platforms Inc. Class A | 0.22% | 837 | $615K | Add +29.2% |
| CLS Celestica Inc. | 0.20% | 1,619 | $554K | Add +146.8% |
| QCOM Qualcomm Inc. | 0.19% | 3,214 | $535K | Add +66.9% |
| CVS CVS Health Corp. | 0.19% | 6,846 | $516K | Add +38.3% |
| AMD Advanced Micro Devices | 0.15% | 2,544 | $412K | Add +24.2% |
| INTC Intel Corp. | 0.15% | 12,276 | $412K | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.14% | 7,663 | $395K | Reduce -3.0% |
| CMG Chipotle Mexican Grill Inc. | 0.14% | 10,003 | $392K | Reduce -83.8% |
| GS Goldman Sachs Group Inc. | 0.13% | 461 | $367K | Add +2.4% |
| TSLA Tesla Inc. | 0.11% | 710 | $316K | Reduce -3.4% |
| PEP Pepsico Inc. | 0.10% | 1,969 | $277K | No change |
| CAH Cardinal Health Inc. | 0.09% | 1,656 | $260K | Reduce -65.8% |
| HIVE Hive Digital Technologies LT | 0.09% | 59,656 | $240K | Reduce -8.6% |
| PG The Procter & Gamble Co. | 0.09% | 1,541 | $237K | Add +1.3% |
| APH Amphenol Corp. Class A | 0.08% | 1,803 | $223K | Reduce -9.1% |
| CNI Canadian Natl Railway Co. | 0.07% | 1,505 | $198K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| WRB WR Berkley Corp. | Reduce -61.8% | 0.79% | −1.34 |
| CPB The Campbell's Company | Sold out | 0.00% | −1.23 |
| CMG Chipotle Mexican Grill Inc. | Reduce -83.8% | 0.14% | −1.22 |
| MCK McKesson Corp. | Reduce -64.7% | 0.64% | −1.21 |
| DKS Dick's Sporting Goods Inc. | Reduce -97.8% | 0.02% | −0.85 |
| NEM Newmont Corp. | Reduce -61.8% | 0.82% | −0.78 |
| MRK Merck & Co. Inc. | Reduce -47.0% | 0.79% | −0.72 |
| HUM Humana Inc. | Reduce -36.2% | 1.12% | −0.66 |
| CCI Crown Castle Inc. | Reduce -43.9% | 0.61% | −0.64 |
| SBAC SBA Communications Corp. | Reduce -92.0% | 0.04% | −0.62 |
| GIS General Mills Inc. | Reduce -19.3% | 1.67% | −0.62 |
| SCI Service Corp. International | Sold out | 0.00% | −0.57 |
| MOH Molina Healthcare Inc. | Sold out | 0.00% | −0.57 |
| AMT American Tower Corp. | Reduce -3.7% | 1.82% | −0.52 |
| AKAM Akamai Technologies Inc. | Sold out | 0.00% | −0.50 |
| MELI MercadoLibre Inc. | Reduce -96.8% | 0.01% | −0.50 |
| CAG Conagra Brands Inc. | Sold out | 0.00% | −0.43 |
| TSN Tyson Foods Inc. Class A | Sold out | 0.00% | −0.42 |
| MRNA Moderna Inc. | Reduce -28.4% | 0.67% | −0.41 |
| SNAP Snap Inc. Class A | Reduce -96.1% | 0.01% | −0.38 |
| PGR Progressive Corp. | Reduce -97.7% | 0.01% | −0.33 |
| SRPT Sarepta Therapeutics Inc. | Sold out | 0.00% | −0.30 |
| DLTR Dollar Tree Inc. | Reduce -5.3% | 1.43% | −0.28 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.27 |
| DVA Davita Inc. | Sold out | 0.00% | −0.24 |
| CAH Cardinal Health Inc. | Reduce -65.8% | 0.09% | −0.22 |
| NBIX Neurocrine Biosciences Inc. | Reduce -47.4% | 0.26% | −0.21 |
| CBOE Cboe Global Markets Inc. | Reduce -4.7% | 2.73% | −0.21 |
| LLY Eli Lilly & Co. | Reduce -10.9% | 0.84% | −0.20 |
| AVGO Broadcom Inc. | Reduce -20.9% | 1.41% | −0.20 |
| DDOG Datadog Inc. Class A | Reduce -78.5% | 0.05% | −0.19 |
| VZ Verizon Communications Inc. | Reduce -0.4% | 2.70% | −0.17 |
| WST West Pharmaceutical Services | Reduce -19.1% | 1.55% | −0.17 |
| UNH Unitedhealth Group Inc. | Reduce -10.7% | 1.89% | −0.17 |
| ABBV Abbvie Inc. | Reduce -74.9% | 0.07% | −0.16 |
| MKC McCormick & Co.-Non VTG SHRS | Sold out | 0.00% | −0.15 |
| DIS The Walt Disney Co. | Reduce -94.8% | 0.01% | −0.15 |
| MBLY Mobileye Global Inc. Class A | Reduce -94.4% | 0.01% | −0.14 |
| EPAM Epam Systems Inc. | Sold out | 0.00% | −0.14 |
| DECK Deckers Outdoor Corp. | Reduce -4.8% | 0.81% | −0.12 |
| FSLR First Solar Inc. | Reduce -25.9% | 1.30% | −0.12 |
| NKE Nike Inc. Class B | Reduce -2.3% | 0.92% | −0.11 |
| WM Waste Management Inc. | Sold out | 0.00% | −0.10 |
| NTNX Nutanix Inc. Class A | Reduce -14.8% | 0.27% | −0.08 |
| BVN Cia DE Minas Buenaventur-ADR | Reduce -95.9% | 0.00% | −0.08 |
| NFLX Netflix Inc. | Reduce -66.8% | 0.03% | −0.07 |
| HSY The Hershey Co. | Reduce -6.6% | 2.74% | −0.06 |
| BCE Bce Inc. | Reduce -6.6% | 0.86% | −0.06 |
| INCY Incyte Corp. | Reduce -24.1% | 0.42% | −0.06 |
| ITW Illinois Tool Works | Reduce -97.2% | 0.00% | −0.05 |
Portfolio Buys Q2 2025 → Q3 2025
| COR Cencora Inc. | Add +106.9% | 2.50% | +1.25 |
| MDLZ Mondelez International Inc. Class A | Add +651.8% | 1.40% | +1.18 |
| MSTR Strategy Inc. | Add +103.5% | 3.17% | +1.07 |
| INSM Insmed Inc. | New | 1.00% | +1.00 |
| FISV Fiserv Inc. | Add +1095.5% | 0.98% | +0.86 |
| UTHR United Therapeutics Corp. | Add +183.9% | 1.16% | +0.86 |
| CNC Centene Corp. | Add +236.3% | 1.57% | +0.80 |
| ELV Elevance Health Inc. | Add +1272.0% | 0.85% | +0.77 |
| GM General Motors Co. | New | 0.73% | +0.73 |
| ORCL Oracle Corp. | Add +290.0% | 0.86% | +0.68 |
| GOOGL Alphabet Inc. Class A | Add +9.1% | 2.28% | +0.65 |
| EBAY eBay Inc. | New | 0.63% | +0.63 |
| EQT Eqt Corp. | Add +470.0% | 0.79% | +0.63 |
| JHX James Hardie Ord | New | 0.62% | +0.62 |
| JNJ Johnson & Johnson | Add +59.8% | 1.33% | +0.59 |
| EXC Exelon Corp. | Add +34.6% | 2.40% | +0.55 |
| EW Edwards Lifesciences Corp. | Add +49.2% | 1.89% | +0.52 |
| KR Kroger Co. | Add +34.9% | 2.72% | +0.41 |
| ALAB Astera Labs Inc. | New | 0.41% | +0.41 |
| RCI Rogers Communications Inc. Class B | Add +551.9% | 0.45% | +0.39 |
| P Everpure Inc. Class A | Add +1925.7% | 0.38% | +0.37 |
| KDP Keurig Dr Pepper Inc. | Add +82.6% | 1.48% | +0.35 |
| ED Consolidated Edison Inc. | Add +22.9% | 2.76% | +0.35 |
| SJM The JM Smucker Co. | Add +537.1% | 0.40% | +0.34 |
| SNPS Synopsys Inc. | Add +34200.0% | 0.31% | +0.31 |
| FTNT Fortinet Inc. | Add +110.5% | 0.84% | +0.30 |
| TMUS T-Mobile US Inc. | Add +29.9% | 1.70% | +0.30 |
| SMLR Semler Scientific Inc. | New | 0.26% | +0.26 |
| CF CF Industries Holdings Inc. | New | 0.23% | +0.23 |
| LULU Lululemon Athletica Inc. | Add +127.1% | 0.62% | +0.23 |
| PODD Insulet Corp. | Add +218.4% | 0.34% | +0.22 |
| HUT Hut 8 Corp. | Add +6.0% | 0.47% | +0.21 |
| NVDA Nvidia Corp. | Add +3.5% | 1.37% | +0.16 |
| INTC Intel Corp. | New | 0.15% | +0.15 |
| CLS Celestica Inc. | Add +146.8% | 0.20% | +0.15 |
| MARA Mara Holdings Inc. | Add +51.1% | 0.37% | +0.14 |
| WT Wisdomtree Inc. | Add +34.9% | 0.42% | +0.14 |
| CLX Clorox Company | Add +11.3% | 2.42% | +0.14 |
| CLSK Cleanspark Inc. | Add +30.4% | 0.35% | +0.13 |
| NTRS Northern Trust Corp. | Add +45.7% | 0.42% | +0.13 |
| MA Mastercard Inc. Class A | Add +55.6% | 0.38% | +0.12 |
| HRL Hormel Foods Corp. | Add +73.9% | 0.49% | +0.12 |
| BMY Bristol-Myers Squibb Co. | Add +17.3% | 1.56% | +0.09 |
| TWLO Twilio Inc. Class A | Add +102.8% | 0.24% | +0.08 |
| V Visa Inc. Class A | Add +40.0% | 0.40% | +0.08 |
| XYZ Block Inc. | Add +30.0% | 0.35% | +0.08 |
| QCOM Qualcomm Inc. | Add +66.9% | 0.19% | +0.07 |
| TTD Trade Desk Inc./the Class A | New | 0.05% | +0.05 |
| CVS CVS Health Corp. | Add +38.3% | 0.19% | +0.05 |
| SBUX Starbucks Corp. | New | 0.04% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 258 | $411.9M | NVDA, GOOGL, AAPL, ED, TMUS |
| Q1 2026 | 250 | $384.2M | NVDA, GOOGL, ED, AAPL, T |
| Q4 2025 | 255 | $407.2M | NVDA, GOOGL, AVGO, VZ, ED |
| Q3 2025 | 247 | $276.0M | MSTR, ED, HSY, CBOE, KR |
| Q2 2025 | 253 | $256.2M | CBOE, T, VZ, CHD, HSY |
| Q1 2025 | 251 | $234.0M | T, CBOE, VZ, GIS, HSY |
| Q4 2024 | 319 | $327.7M | T, GIS, MCK, CLX, CBOE |
| Q3 2024 | 319 | $548.4M | T, GIS, CBOE, UTHR, ABBV |
| Q2 2024Amended | 326 | $637.8M | LLY, T, UTHR, HUM, MCK |
| Q1 2024 | 377 | $1.1B | LLY, GIS, ABBV, CHD, MCK |