Vega Investment Solutions

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Vega Investment Solutions reported 202 stock positions worth $517.8 million. Its top holding was Procter & Gamble (PG) at 20.7% of the portfolio, followed by Eli Lilly (LLY, 18.0%) and PPG Industries (PPG, 6.1%). Compared with Q4 2024, it opened 132 new positions, sold out of 9, added to 33 and reduced 24. The biggest buy was a new position in Procter & Gamble (PG) and the biggest sale Apple (AAPL, shares −22%).

Most Recent 13F
Q2 2026
Location
PARIS, I0
CIK
0002056914
Portfolio Value
$517.8M (Q1 2025)
SEC Filing
0001104659-25-048521 ↗ filed May 14, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q4 2024: $121.5M Q4 2024 Q1 2025: $517.8M $517.8M Q1 2025 Q2 2025: $425.3M Q2 2025 Q4 2025: $629.2M Q4 2025 Q1 2026: $418.4M Q1 2026 Q2 2026: $704.5M Q2 2026

Holdings 202 stocks · $517.8M
PG The Procter & Gamble Co. 20.73% 629,900 $107.3M New
LLY Eli Lilly & Co. 17.96% 112,584 $93.0M Add +46615.3%
PPG PPG Industries Inc. 6.14% 291,000 $31.8M New
TXN Texas Instruments Inc. 5.69% 164,000 $29.5M New
MSFT Microsoft Corp. 4.86% 65,588 $25.2M Add +71.0%
NVDA Nvidia Corp. 3.66% 174,702 $19.0M Add +102.3%
PANW Palo Alto Networks Inc. 2.55% 74,527 $13.2M Add +45.7%
ONEQ Fidelity Nasdaq Comp Indx 1.98% 150,553 $10.2M New
ISRG Intuitive Surgical Inc. 1.70% 17,795 $8.8M Add +99.3%
MA Mastercard Inc. Class A 1.59% 14,999 $8.2M Add +813.5%
AAPL Apple Inc. 1.48% 35,001 $7.7M Reduce -21.9%
CRM Salesforce Inc. 1.47% 28,293 $7.6M Add +103.8%
TSM Taiwan Semiconductor-SP ADR 1.34% 41,941 $7.0M Add +2490.6%
GOOG Alphabet Inc. Class C 1.22% 40,069 $6.3M Add +6.1%
AMZN Amazon.com Inc. 1.19% 32,788 $6.2M Add +15.1%
DHR Danaher Corp. 1.18% 29,756 $6.1M Add +194.3%
ECL Ecolab Inc. 1.13% 23,094 $5.9M New
TMO Thermo Fisher Scientific Inc. 1.12% 11,674 $5.8M Add +1046.8%
HPE Hewlett Packard Enterprise 1.11% 372,270 $5.7M New
RTX RTX Corp. 1.05% 41,220 $5.5M New
ROP Roper Technologies Inc. 1.04% 9,160 $5.4M New
GOOGL Alphabet Inc. Class A 0.95% 31,113 $4.9M Add +36.9%
EBAY eBay Inc. 0.89% 68,416 $4.6M New
AWK American Water Works Co. Inc. 0.85% 29,845 $4.4M New
EWJ iShares MSCI Japan ETF 0.72% 54,665 $3.7M New
WM Waste Management Inc. 0.70% 15,638 $3.6M New
NEE Nextera Energy Inc. 0.64% 47,080 $3.3M Add +74.8%
V Visa Inc. Class A 0.64% 9,396 $3.3M New
JPM JPMorgan Chase & Co. 0.53% 11,252 $2.8M Add +3.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.53% 4,889 $2.7M New
XYL Xylem Inc. 0.53% 22,847 $2.7M New
AVGO Broadcom Inc. 0.53% 15,551 $2.7M New
META Meta Platforms Inc. Class A 0.44% 3,980 $2.3M Add +14.2%
SHOP Shopify Inc. Class A 0.42% 23,028 $2.2M New
ANET Arista Networks Inc. 0.40% 25,055 $2.1M Add +210.4%
UBER Uber Technologies Inc. 0.34% 24,000 $1.7M New
WTS Watts Water Technologies-A 0.34% 8,528 $1.7M New
BALL Ball Corp. 0.33% 32,876 $1.7M New
AMD Advanced Micro Devices 0.33% 17,405 $1.7M Add +347.1%
COR Cencora Inc. 0.31% 5,791 $1.6M Reduce -30.6%
CP Canadian Pacific Kansas City 0.31% 22,536 $1.6M New
EMR Emerson Electric Co. 0.30% 14,370 $1.6M Add +6522.1%
CEG Constellation Energy 0.30% 6,874 $1.5M Add +89.5%
VRT Vertiv Holdings Co. Class A 0.28% 19,990 $1.4M Add +39.8%
EW Edwards Lifesciences Corp. 0.27% 19,348 $1.4M Add +5289.4%
TSLA Tesla Inc. 0.27% 5,400 $1.4M Add +170.0%
BSX Boston Scientific Corp. 0.26% 13,371 $1.4M Reduce -7.2%
DOCU Docusign Inc. 0.26% 16,733 $1.4M No change
VLTO Veralto Corp. 0.26% 13,640 $1.3M New
WMS Advanced Drainage Systems Inc. 0.25% 11,990 $1.3M New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.25% 10,615 $1.3M New
FSLR First Solar Inc. 0.24% 9,918 $1.3M New
BRK.B Berkshire Hathaway Inc. Class B 0.24% 2,348 $1.3M Reduce -40.4%
A Agilent Technologies Inc. 0.24% 10,795 $1.2M Reduce -54.7%
MRVL Marvell Technology Inc. 0.22% 19,108 $1.2M New
CAH Cardinal Health Inc. 0.22% 8,107 $1.1M Reduce -30.6%
AGCO Agco Corp. 0.21% 11,919 $1.1M New
TRMB Trimble Inc. 0.19% 15,000 $985K No change
CDNS Cadence Design SYS Inc. 0.19% 3,404 $982K Add +96.3%
PGR Progressive Corp. 0.19% 3,453 $973K New
BLK BlackRock Inc. 0.18% 1,025 $947K Add +12.0%
DGX Quest Diagnostics Inc. 0.17% 5,212 $882K Reduce -30.6%
RVTY Revvity Inc. 0.16% 7,733 $818K Reduce -30.6%
LH Labcorp Holdings Inc. 0.14% 3,053 $711K Reduce -23.0%
ORCL Oracle Corp. 0.14% 5,000 $703K New
ARM Arm Holdings PLC-ADR 0.13% 6,320 $675K No change
COO The Cooper Cos Inc. 0.13% 7,767 $655K Reduce -30.6%
IQV Iqvia Holdings Inc. 0.13% 3,703 $653K Reduce -25.5%
ENS Enersys 0.13% 7,111 $651K New
FEZ State Street SPDR Euro Stoxx 0.12% 11,654 $630K New
WAT Waters Corp. 0.12% 1,666 $614K New
TLT iShares 20+ Year Treasury BD 0.11% 6,449 $587K New
CAT Caterpillar Inc. 0.11% 1,886 $583K Add +57.6%
EPP iShares MSCI Pacific Ex Japa 0.11% 12,362 $546K New
DXCM Dexcom Inc. 0.10% 7,931 $542K Add +1.0%
ELV Elevance Health Inc. 0.10% 1,227 $534K Reduce -30.6%
SHY iShares 1-3 Year Treasury Bo 0.10% 6,251 $517K New
ZTS Zoetis Inc. 0.10% 3,066 $505K Reduce -30.6%
VEEV Veeva Systems Inc. Class A 0.08% 1,735 $402K Reduce -37.3%
ENPH Enphase Energy Inc. 0.07% 5,594 $347K New
ALGN Align Technology Inc. 0.06% 2,082 $331K Reduce -15.2%
LULU Lululemon Athletica Inc. 0.06% 1,111 $314K Add +41.5%
UNP Union Pacific Corp. 0.06% 1,300 $307K No change
NFLX Netflix Inc. 0.06% 280 $304K Add +15.2%
MELI MercadoLibre Inc. 0.05% 120 $280K Reduce -75.8%
ABBV Abbvie Inc. 0.05% 1,245 $243K No change
NOW ServiceNow Inc. 0.05% 295 $242K New
UNH Unitedhealth Group Inc. 0.05% 524 $237K Add +86.5%
MCD McDonald's Corp. 0.04% 740 $231K Reduce -72.2%
SNPS Synopsys Inc. 0.04% 480 $206K New
VRTX Vertex Pharmaceuticals Inc. 0.04% 371 $186K New
ADSK Autodesk Inc. 0.04% 678 $182K New
WCN Waste Connections Inc. 0.03% 598 $168K New
EQIX Equinix Inc. 0.03% 199 $162K New
CLH Clean Harbors Inc. 0.03% 795 $157K New
SYK Stryker Corp. 0.03% 366 $136K New
HQY Healthequity Inc. 0.03% 1,533 $135K New
SNOW Snowflake Inc. 0.03% 899 $131K New
WMT Walmart Inc. 0.02% 1,293 $126K Add +117.7%
FTNT Fortinet Inc. 0.02% 1,191 $124K New
STN Stantec Inc. 0.02% 991 $118K New
MRNA Moderna Inc. 0.02% 4,080 $116K Add +277.8%
HOLX Hologic Inc. 0.02% 1,863 $115K New
SPGI S&P Global Inc. 0.02% 222 $113K New
NDAQ Nasdaq Inc. 0.02% 1,459 $111K New
ROL Rollins Inc. 0.02% 2,014 $109K New
DSGX The Descartes Systems Grp 0.02% 741 $107K New
CSGP Costar Group Inc. 0.02% 1,337 $106K New
MSCI MSCI Inc. 0.02% 186 $105K New
ZS Zscaler Inc. 0.02% 528 $105K New
MSI Motorola Solutions Inc. 0.02% 239 $105K New
CNM Core & Main Inc. Class A 0.02% 2,165 $105K New
TMUS T-Mobile US Inc. 0.02% 375 $100K New
COST Costco Wholesale Corp. 0.02% 104 $98K New
APG Api Group Corp. 0.02% 2,671 $96K New
DLR Digital Realty Trust Inc. 0.02% 660 $95K New
HLT Hilton Worldwide Holdings Inc. 0.02% 418 $94K New
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.02% 807 $92K New
WTRG Essential Utilities Inc. 0.02% 2,312 $91K New
IEX Idex Corp. 0.02% 505 $91K New
WAB Wabtec Corp. 0.02% 495 $90K New
ADBE Adobe Inc. 0.02% 232 $89K Reduce -74.2%
ANSS Ansys Inc. 0.02% 280 $89K New
VZ Verizon Communications Inc. 0.02% 1,915 $87K New
INTU Intuit Inc. 0.02% 141 $87K New
HUBS HubSpot Inc. 0.02% 150 $86K New
OSIS Osi Systems Inc. 0.02% 439 $85K New
PTC PTC Inc. 0.02% 550 $85K New
VRNS Varonis Systems Inc. 0.02% 1,976 $80K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 839 $80K Reduce -2.7%
CRWD CrowdStrike Holdings Inc. Class A 0.02% 226 $80K New
MDB Mongodb Inc. 0.02% 452 $79K New
PLNT Planet Fitness Inc. Class A 0.02% 820 $79K New
CVS CVS Health Corp. 0.01% 1,124 $76K Reduce -86.0%
GDDY GoDaddy Inc. Class A 0.01% 408 $73K New
NTRA Natera Inc. 0.01% 517 $73K New
MSA Msa Safety Inc. 0.01% 495 $73K New
C Citigroup Inc. 0.01% 1,043 $71K New
JBTM JBT Marel Corp. 0.01% 579 $71K New
KO The Coca-Cola Co. 0.01% 970 $70K No change
S Sentinelone Inc. Class A 0.01% 3,806 $69K New
KLAC KLA Corp. 0.01% 101 $69K New
SFM Sprouts Farmers Market Inc. 0.01% 444 $68K New
MRK Merck & Co. Inc. 0.01% 728 $65K New
SPSC SPS Commerce Inc. 0.01% 488 $65K New
JNJ Johnson & Johnson 0.01% 402 $63K Reduce -30.3%
FOUR SHIFT4 Payments Inc. Class A 0.01% 760 $62K New
NYT New York Times Co. Class A 0.01% 1,231 $61K New
MSEX Middlesex Water Co. 0.01% 919 $59K New
AMGN Amgen Inc. 0.01% 200 $58K New
BSY Bentley Systems Inc. Class B 0.01% 1,476 $58K New
LFUS Littelfuse Inc. 0.01% 287 $56K New
ALRM Alarm.com Holdings Inc. 0.01% 1,003 $56K New
OKTA Okta Inc. 0.01% 518 $55K New
AXON Axon Enterprise Inc. 0.01% 102 $54K New
TYL Tyler Technologies Inc. 0.01% 92 $53K New
BPMC Blueprint Medicines Corp. 0.01% 597 $53K New
GPN Global Payments Inc. 0.01% 537 $53K New
FISV Fiserv Inc. 0.01% 236 $52K Add +93.4%
TRU Transunion 0.01% 627 $52K New
MANH Manhattan Associates Inc. 0.01% 298 $52K New
CTAS Cintas Corp. 0.01% 250 $51K New
AOS Smith (a.o.) Corp. 0.01% 779 $51K New
TEAM Atlassian Corp. Class A 0.01% 234 $50K New
AIT Applied Industrial Tech Inc. 0.01% 218 $49K New
ACM Aecom 0.01% 523 $48K New
FERG Ferguson Enterprises Inc. 0.01% 389 $47K New
IT Gartner Inc. 0.01% 111 $47K New
TTC Toro Co. 0.01% 588 $43K New
MAS Masco Corp. 0.01% 609 $42K New
HD Home Depot Inc. 0.01% 117 $42K No change
SYM Symbotic Inc. 0.01% 2,058 $42K New
EXAS Exact Sciences Corp. 0.01% 959 $42K New
RPD RAPID7 Inc. 0.01% 1,492 $40K New
CWT California Water Service Grp 0.01% 813 $39K New
UDMY Udemy Inc. 0.01% 5,576 $38K No change
CYRX Cryoport Inc. 0.01% 5,971 $36K New
GNTX Gentex Corp. 0.01% 1,545 $36K New
MTD Mettler-Toledo International 0.01% 30 $35K New
CRTO Criteo SA-Spon 0.01% 1,031 $35K No change
TOST Toast Inc. Class A 0.01% 1,018 $34K New
ABNB Airbnb Inc. Class A 0.01% 276 $34K Reduce -29.1%
ROK Rockwell Automation Inc. 0.01% 130 $34K New
GNRC Generac Holdings Inc. 0.01% 249 $32K New
PGNY Progyny Inc. 0.01% 1,395 $31K New
TTEK Tetra Tech Inc. 0.01% 1,049 $31K New
ZWS Zurn Elkay Water Solutions C 0.01% 913 $30K New
LNG Cheniere Energy Inc. 0.01% 130 $30K Reduce -85.3%
PRCT Procept Biorobotics Corp. 0.01% 510 $30K New
MPC Marathon Petroleum Corp. 0.01% 214 $29K Reduce -78.0%
TER Teradyne Inc. 0.01% 346 $29K New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.01% 683 $27K No change
WMB Williams Cos Inc. 0.00% 375 $22K New
CARR Carrier Global Corp. 0.00% 320 $20K No change
SG Sweetgreen Inc. Class A 0.00% 590 $15K New
MOD Modine Manufacturing Co. 0.00% 172 $13K New
EXPO Exponent Inc. 0.00% 155 $13K New
BABA Alibaba Group Holding-SP ADR 0.00% 92 $11K No change
UI Ubiquiti Inc. 0.00% 25 $8K No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.00% 13 $4K New
EEMA iShares MSCI Emerg MRKT Asia 0.00% 10 $739 New
HEWJ Isha Curr Hedged MSCI Japan 0.00% 1 $42 New

Portfolio Sells Q4 2024 → Q1 2025
AAPL Apple Inc. Reduce -21.9% 1.48% −7.75
A Agilent Technologies Inc. Reduce -54.7% 0.24% −2.40
COR Cencora Inc. Reduce -30.6% 0.31% −1.23
BRK.B Berkshire Hathaway Inc. Class B Reduce -40.4% 0.24% −1.23
MU Micron Technology Inc. Sold out 0.00% −1.08
RSP Invesco S&P 500 Equal Weight Sold out 0.00% −1.08
CAH Cardinal Health Inc. Reduce -30.6% 0.22% −0.92
RVTY Revvity Inc. Reduce -30.6% 0.16% −0.87
BSX Boston Scientific Corp. Reduce -7.2% 0.26% −0.80
DGX Quest Diagnostics Inc. Reduce -30.6% 0.17% −0.76
COO The Cooper Cos Inc. Reduce -30.6% 0.13% −0.72
IQV Iqvia Holdings Inc. Reduce -25.5% 0.13% −0.68
MELI MercadoLibre Inc. Reduce -75.8% 0.05% −0.64
LH Labcorp Holdings Inc. Reduce -23.0% 0.14% −0.61
MCD McDonald's Corp. Reduce -72.2% 0.04% −0.59
ZTS Zoetis Inc. Reduce -30.6% 0.10% −0.49
ELV Elevance Health Inc. Reduce -30.6% 0.10% −0.43
VEEV Veeva Systems Inc. Class A Reduce -37.3% 0.08% −0.40
ALGN Align Technology Inc. Reduce -15.2% 0.06% −0.36
ADBE Adobe Inc. Reduce -74.2% 0.02% −0.31
CVS CVS Health Corp. Reduce -86.0% 0.01% −0.28
CI The Cigna Group Sold out 0.00% −0.25
LNG Cheniere Energy Inc. Reduce -85.3% 0.01% −0.15
MPC Marathon Petroleum Corp. Reduce -78.0% 0.01% −0.11
DIS The Walt Disney Co. Reduce -2.7% 0.02% −0.06
JNJ Johnson & Johnson Reduce -30.3% 0.01% −0.06
ABNB Airbnb Inc. Class A Reduce -29.1% 0.01% −0.04
ABT Abbott Laboratories Sold out 0.00% −0.03
B Barrick Gold Corp. Sold out 0.00% −0.03
DECK Deckers Outdoor Corp. Sold out 0.00% −0.02
VMRK Vivmark Residential Sold out 0.00% −0.02
PFE Pfizer Inc. Sold out 0.00% −0.02
DAR Darling Ingredients Inc. Sold out 0.00% −0.02

Portfolio Buys Q4 2024 → Q1 2025
PG The Procter & Gamble Co. New 20.73% +20.73
LLY Eli Lilly & Co. Add +46615.3% 17.96% +17.81
PPG PPG Industries Inc. New 6.14% +6.14
TXN Texas Instruments Inc. New 5.69% +5.69
ONEQ Fidelity Nasdaq Comp Indx New 1.98% +1.98
ECL Ecolab Inc. New 1.13% +1.13
HPE Hewlett Packard Enterprise New 1.11% +1.11
TSM Taiwan Semiconductor-SP ADR Add +2490.6% 1.34% +1.08
RTX RTX Corp. New 1.05% +1.05
ROP Roper Technologies Inc. New 1.04% +1.04
EBAY eBay Inc. New 0.89% +0.89
MA Mastercard Inc. Class A Add +813.5% 1.59% +0.88
AWK American Water Works Co. Inc. New 0.85% +0.85
EWJ iShares MSCI Japan ETF New 0.72% +0.72
WM Waste Management Inc. New 0.70% +0.70
TMO Thermo Fisher Scientific Inc. Add +1046.8% 1.12% +0.68
V Visa Inc. Class A New 0.64% +0.64
SPY SS SPDR S&P 500 ETF Trust-US New 0.53% +0.53
XYL Xylem Inc. New 0.53% +0.53
AVGO Broadcom Inc. New 0.53% +0.53
SHOP Shopify Inc. Class A New 0.42% +0.42
UBER Uber Technologies Inc. New 0.34% +0.34
WTS Watts Water Technologies-A New 0.34% +0.34
BALL Ball Corp. New 0.33% +0.33
CP Canadian Pacific Kansas City New 0.31% +0.31
EMR Emerson Electric Co. Add +6522.1% 0.30% +0.28
VLTO Veralto Corp. New 0.26% +0.26
WMS Advanced Drainage Systems Inc. New 0.25% +0.25
TJX TJX Companies Inc. New 0.25% +0.25
EW Edwards Lifesciences Corp. Add +5289.4% 0.27% +0.25
FSLR First Solar Inc. New 0.24% +0.24
MRVL Marvell Technology Inc. New 0.22% +0.22
AGCO Agco Corp. New 0.21% +0.21
PGR Progressive Corp. New 0.19% +0.19
ORCL Oracle Corp. New 0.14% +0.14
ENS Enersys New 0.13% +0.13
FEZ State Street SPDR Euro Stoxx New 0.12% +0.12
WAT Waters Corp. New 0.12% +0.12
TLT iShares 20+ Year Treasury BD New 0.11% +0.11
EPP iShares MSCI Pacific Ex Japa New 0.11% +0.11
SHY iShares 1-3 Year Treasury Bo New 0.10% +0.10
ENPH Enphase Energy Inc. New 0.07% +0.07
NOW ServiceNow Inc. New 0.05% +0.05
SNPS Synopsys Inc. New 0.04% +0.04
VRTX Vertex Pharmaceuticals Inc. New 0.04% +0.04
ADSK Autodesk Inc. New 0.04% +0.04
WCN Waste Connections Inc. New 0.03% +0.03
EQIX Equinix Inc. New 0.03% +0.03
CLH Clean Harbors Inc. New 0.03% +0.03
SYK Stryker Corp. New 0.03% +0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 144$704.5MLLY, PG, TXN, PPG, HPE
Q1 2026 175$418.4MPG, LLY, PPG, TXN, MSFT
Q4 2025 181$629.2MLLY, PG, PPG, NVDA, TXN
Q2 2025 184$425.3MPG, LLY, TXN, PPG, MSFT
Q1 2025 202$517.8MPG, LLY, PPG, TXN, MSFT
Q4 2024 79$121.5MMSFT, NVDA, AAPL, PANW, GOOG