Vega Investment Solutions

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Vega Investment Solutions reported 184 stock positions worth $425.3 million. Its top holding was Procter & Gamble (PG) at 23.9% of the portfolio, followed by Eli Lilly (LLY, 20.4%) and Texas Instruments (TXN, 8.1%). Compared with Q1 2025, it opened 3 new positions, sold out of 21, added to 29 and reduced 131. The biggest buy was Procter & Gamble (PG, shares +1%) and the biggest sale an exit from Fidelity Nasdaq Comp Indx (ONEQ).

Most Recent 13F
Q2 2026
Location
PARIS, I0
CIK
0002056914
Portfolio Value
$425.3M (Q2 2025)
SEC Filing
0001104659-25-077563 ↗ filed Aug 13, 2025

Holdings Value

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

Holdings 184 stocks · $425.3M
PG The Procter & Gamble Co. 23.91% 638,400 $101.7M Add +1.4%
LLY Eli Lilly & Co. 20.44% 111,542 $87.0M Reduce -0.9%
TXN Texas Instruments Inc. 8.13% 166,600 $34.6M Add +1.6%
PPG PPG Industries Inc. 7.81% 291,830 $33.2M Add +0.3%
MSFT Microsoft Corp. 4.91% 41,953 $20.9M Reduce -36.0%
NVDA Nvidia Corp. 3.45% 92,789 $14.7M Reduce -46.9%
PANW Palo Alto Networks Inc. 1.96% 40,634 $8.3M Reduce -45.5%
AMZN Amazon.com Inc. 1.85% 35,884 $7.9M Add +9.4%
HPE Hewlett Packard Enterprise 1.82% 378,070 $7.7M Add +1.6%
GOOG Alphabet Inc. Class C 1.60% 38,452 $6.8M Reduce -4.0%
RTX RTX Corp. 1.39% 40,500 $5.9M Reduce -1.8%
AAPL Apple Inc. 1.26% 26,169 $5.4M Reduce -25.2%
CRM Salesforce Inc. 1.17% 18,297 $5.0M Reduce -35.3%
GOOGL Alphabet Inc. Class A 1.14% 27,558 $4.9M Reduce -11.4%
META Meta Platforms Inc. Class A 1.01% 5,837 $4.3M Add +46.7%
JPM JPMorgan Chase & Co. 0.95% 13,878 $4.0M Add +23.3%
ISRG Intuitive Surgical Inc. 0.93% 7,265 $3.9M Reduce -59.2%
AVGO Broadcom Inc. 0.91% 14,063 $3.9M Reduce -9.6%
SHOP Shopify Inc. Class A 0.76% 27,839 $3.2M Add +20.9%
SPY SS SPDR S&P 500 ETF Trust-US 0.71% 4,889 $3.0M No change
ANET Arista Networks Inc. 0.71% 29,350 $3.0M Add +17.1%
MRVL Marvell Technology Inc. 0.71% 38,758 $3.0M Add +102.8%
CEG Constellation Energy 0.69% 9,026 $2.9M Add +31.3%
VRT Vertiv Holdings Co. Class A 0.52% 17,312 $2.2M Reduce -13.4%
AMD Advanced Micro Devices 0.50% 15,080 $2.1M Reduce -13.4%
BSX Boston Scientific Corp. 0.46% 18,239 $2.0M Add +36.4%
CP Canadian Pacific Kansas City 0.45% 24,184 $1.9M Add +7.3%
TSLA Tesla Inc. 0.43% 5,723 $1.8M Add +6.0%
COR Cencora Inc. 0.38% 5,424 $1.6M Reduce -6.3%
UBER Uber Technologies Inc. 0.37% 16,733 $1.6M Reduce -30.3%
BLK BlackRock Inc. 0.34% 1,395 $1.5M Add +36.1%
TSM Taiwan Semiconductor-SP ADR 0.33% 6,266 $1.4M Reduce -85.1%
CAH Cardinal Health Inc. 0.33% 8,429 $1.4M Add +4.0%
DHR Danaher Corp. 0.32% 6,942 $1.4M Reduce -76.7%
CAT Caterpillar Inc. 0.32% 3,495 $1.4M Add +85.3%
NOW ServiceNow Inc. 0.30% 1,258 $1.3M Add +326.4%
PGR Progressive Corp. 0.30% 4,837 $1.3M Add +40.1%
CDNS Cadence Design SYS Inc. 0.28% 3,867 $1.2M Add +13.6%
PH Parker Hannifin Corp. 0.28% 1,705 $1.2M New
DOCU Docusign Inc. 0.27% 15,005 $1.2M Reduce -10.3%
MA Mastercard Inc. Class A 0.27% 2,066 $1.2M Reduce -86.2%
A Agilent Technologies Inc. 0.26% 9,223 $1.1M Reduce -14.6%
BRK.B Berkshire Hathaway Inc. Class B 0.25% 2,189 $1.1M Reduce -6.8%
ORCL Oracle Corp. 0.25% 4,807 $1.1M Reduce -3.9%
TRMB Trimble Inc. 0.24% 13,275 $1.0M Reduce -11.5%
ARM Arm Holdings PLC-ADR 0.21% 5,600 $906K Reduce -11.4%
DGX Quest Diagnostics Inc. 0.21% 4,882 $877K Reduce -6.3%
LNG Cheniere Energy Inc. 0.20% 3,562 $867K Add +2640.0%
LH Labcorp Holdings Inc. 0.17% 2,746 $721K Reduce -10.1%
RVTY Revvity Inc. 0.16% 7,243 $701K Reduce -6.3%
ADSK Autodesk Inc. 0.16% 2,237 $693K Add +229.9%
FEZ State Street SPDR Euro Stoxx 0.16% 11,654 $691K No change
WAT Waters Corp. 0.16% 1,949 $680K Add +17.0%
EPP iShares MSCI Pacific Ex Japa 0.14% 12,362 $610K No change
HLT Hilton Worldwide Holdings Inc. 0.14% 2,198 $585K Add +425.8%
TLT iShares 20+ Year Treasury BD 0.13% 6,449 $569K No change
DXCM Dexcom Inc. 0.13% 6,391 $558K Reduce -19.4%
IQV Iqvia Holdings Inc. 0.12% 3,368 $531K Reduce -9.1%
SHY iShares 1-3 Year Treasury Bo 0.12% 6,251 $518K No change
COO The Cooper Cos Inc. 0.12% 7,275 $518K Reduce -6.3%
VEEV Veeva Systems Inc. Class A 0.11% 1,626 $468K Reduce -6.3%
ZTS Zoetis Inc. 0.11% 2,871 $448K Reduce -6.4%
ELV Elevance Health Inc. 0.11% 1,150 $447K Reduce -6.3%
SYK Stryker Corp. 0.10% 1,043 $413K Add +185.0%
ALGN Align Technology Inc. 0.09% 1,951 $369K Reduce -6.3%
NFLX Netflix Inc. 0.08% 241 $323K Reduce -13.9%
MELI MercadoLibre Inc. 0.07% 120 $314K No change
WMT Walmart Inc. 0.07% 3,143 $307K Add +143.1%
LULU Lululemon Athletica Inc. 0.06% 1,042 $248K Reduce -6.2%
ABBV Abbvie Inc. 0.03% 735 $136K Reduce -41.0%
FTNT Fortinet Inc. 0.03% 1,191 $126K No change
SNPS Synopsys Inc. 0.03% 243 $125K Reduce -49.4%
MRNA Moderna Inc. 0.02% 3,822 $105K Reduce -6.3%
TMO Thermo Fisher Scientific Inc. 0.02% 260 $105K Reduce -97.8%
CTAS Cintas Corp. 0.02% 440 $98K Add +76.0%
CLH Clean Harbors Inc. 0.02% 404 $93K Reduce -49.2%
WMB Williams Cos Inc. 0.02% 1,480 $93K Add +294.7%
ECL Ecolab Inc. 0.02% 339 $91K Reduce -98.5%
C Citigroup Inc. 0.02% 1,043 $89K No change
HQY Healthequity Inc. 0.02% 779 $82K Reduce -49.2%
CRWD CrowdStrike Holdings Inc. Class A 0.02% 160 $81K Reduce -29.2%
ZS Zscaler Inc. 0.02% 252 $79K Reduce -52.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 630 $78K Reduce -24.9%
SNOW Snowflake Inc. 0.02% 346 $77K Reduce -61.5%
EQIX Equinix Inc. 0.02% 97 $77K Reduce -51.3%
WCN Waste Connections Inc. 0.02% 293 $75K Reduce -51.0%
HOLX Hologic Inc. 0.02% 1,062 $69K Reduce -43.0%
KO The Coca-Cola Co. 0.02% 970 $69K No change
DLR Digital Realty Trust Inc. 0.01% 355 $62K Reduce -46.2%
JNJ Johnson & Johnson 0.01% 402 $61K No change
NDAQ Nasdaq Inc. 0.01% 659 $59K Reduce -54.8%
CNM Core & Main Inc. Class A 0.01% 958 $58K Reduce -55.8%
SPGI S&P Global Inc. 0.01% 109 $57K Reduce -50.9%
STN Stantec Inc. 0.01% 384 $57K Reduce -61.3%
INTU Intuit Inc. 0.01% 69 $54K Reduce -51.1%
VRNS Varonis Systems Inc. 0.01% 1,038 $53K Reduce -47.5%
COST Costco Wholesale Corp. 0.01% 53 $52K Reduce -49.0%
OSIS Osi Systems Inc. 0.01% 233 $52K Reduce -46.9%
MSCI MSCI Inc. 0.01% 89 $51K Reduce -52.1%
ROL Rollins Inc. 0.01% 906 $51K Reduce -55.0%
CSGP Costar Group Inc. 0.01% 629 $51K Reduce -53.0%
MSI Motorola Solutions Inc. 0.01% 120 $50K Reduce -49.8%
PTC PTC Inc. 0.01% 285 $49K Reduce -48.2%
WAB Wabtec Corp. 0.01% 230 $48K Reduce -53.5%
AXON Axon Enterprise Inc. 0.01% 58 $48K Reduce -43.1%
HUBS HubSpot Inc. 0.01% 85 $47K Reduce -43.3%
ADBE Adobe Inc. 0.01% 122 $47K Reduce -47.4%
DSGX The Descartes Systems Grp 0.01% 338 $47K Reduce -54.4%
NTRA Natera Inc. 0.01% 273 $46K Reduce -47.2%
APG Api Group Corp. 0.01% 1,350 $46K Reduce -49.5%
TMUS T-Mobile US Inc. 0.01% 189 $45K Reduce -49.6%
BSY Bentley Systems Inc. Class B 0.01% 832 $45K Reduce -43.6%
KLAC KLA Corp. 0.01% 50 $45K Reduce -50.5%
PRCT Procept Biorobotics Corp. 0.01% 775 $45K Add +52.0%
HD Home Depot Inc. 0.01% 117 $43K No change
SYM Symbotic Inc. 0.01% 1,101 $43K Reduce -46.5%
WTRG Essential Utilities Inc. 0.01% 1,150 $43K Reduce -50.3%
XYL Xylem Inc. 0.01% 319 $41K Reduce -98.6%
UNH Unitedhealth Group Inc. 0.01% 132 $41K Reduce -74.8%
PLNT Planet Fitness Inc. Class A 0.01% 377 $41K Reduce -54.0%
IEX Idex Corp. 0.01% 230 $40K Reduce -54.5%
BPMC Blueprint Medicines Corp. 0.01% 310 $40K Reduce -48.1%
UDMY Udemy Inc. 0.01% 5,576 $39K No change
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.01% 358 $39K Reduce -55.6%
FOUR SHIFT4 Payments Inc. Class A 0.01% 386 $38K Reduce -49.2%
JBTM JBT Marel Corp. 0.01% 315 $38K Reduce -45.6%
CVS CVS Health Corp. 0.01% 540 $37K Reduce -52.0%
ABNB Airbnb Inc. Class A 0.01% 276 $37K No change
SPSC SPS Commerce Inc. 0.01% 264 $36K Reduce -45.9%
TYL Tyler Technologies Inc. 0.01% 60 $36K Reduce -34.8%
WM Waste Management Inc. 0.01% 154 $35K Reduce -99.0%
VZ Verizon Communications Inc. 0.01% 799 $35K Reduce -58.3%
MDB Mongodb Inc. 0.01% 164 $34K Reduce -63.7%
NYT New York Times Co. Class A 0.01% 601 $34K Reduce -51.2%
ROP Roper Technologies Inc. 0.01% 59 $33K Reduce -99.4%
S Sentinelone Inc. Class A 0.01% 1,822 $33K Reduce -52.1%
MSA Msa Safety Inc. 0.01% 198 $33K Reduce -60.0%
GDDY GoDaddy Inc. Class A 0.01% 181 $33K Reduce -55.6%
AWK American Water Works Co. Inc. 0.01% 234 $33K Reduce -99.2%
VRTX Vertex Pharmaceuticals Inc. 0.01% 73 $33K Reduce -80.3%
SFM Sprouts Farmers Market Inc. 0.01% 197 $32K Reduce -55.6%
VLTO Veralto Corp. 0.01% 321 $32K Reduce -97.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.01% 683 $32K No change
MANH Manhattan Associates Inc. 0.01% 163 $32K Reduce -45.3%
WMS Advanced Drainage Systems Inc. 0.01% 274 $31K Reduce -97.7%
ACM Aecom 0.01% 276 $31K Reduce -47.2%
TEAM Atlassian Corp. Class A 0.01% 153 $31K Reduce -34.6%
MRK Merck & Co. Inc. 0.01% 390 $31K Reduce -46.4%
FERG Ferguson Enterprises Inc. 0.01% 184 $29K Reduce -52.7%
LFUS Littelfuse Inc. 0.01% 128 $29K Reduce -55.4%
EMR Emerson Electric Co. 0.01% 217 $29K Reduce -98.5%
EW Edwards Lifesciences Corp. 0.01% 359 $28K Reduce -98.1%
CYRX Cryoport Inc. 0.01% 3,739 $28K Reduce -37.4%
OKTA Okta Inc. 0.01% 268 $27K Reduce -48.3%
ALRM Alarm.com Holdings Inc. 0.01% 471 $27K Reduce -53.0%
AIT Applied Industrial Tech Inc. 0.01% 112 $26K Reduce -48.6%
TRU Transunion 0.01% 291 $26K Reduce -53.6%
MSEX Middlesex Water Co. 0.01% 471 $26K Reduce -48.8%
IT Gartner Inc. 0.01% 63 $25K Reduce -43.2%
CRTO Criteo SA-Spon 0.01% 1,031 $25K No change
AOS Smith (a.o.) Corp. 0.01% 371 $24K Reduce -52.4%
EXAS Exact Sciences Corp. 0.01% 454 $24K Reduce -52.7%
TOST Toast Inc. Class A 0.01% 532 $24K Reduce -47.7%
CARR Carrier Global Corp. 0.01% 320 $23K No change
FISV Fiserv Inc. 0.01% 131 $23K Reduce -44.5%
NEE Nextera Energy Inc. 0.01% 324 $22K Reduce -99.3%
RPD RAPID7 Inc. 0.01% 920 $21K Reduce -38.3%
TTEK Tetra Tech Inc. 0.00% 574 $21K Reduce -45.3%
CWT California Water Service Grp 0.00% 445 $20K Reduce -45.3%
MTD Mettler-Toledo International 0.00% 17 $20K Reduce -43.3%
ZWS Zurn Elkay Water Solutions C 0.00% 495 $18K Reduce -45.8%
TTC Toro Co. 0.00% 256 $18K Reduce -56.5%
GNRC Generac Holdings Inc. 0.00% 125 $18K Reduce -49.8%
MAS Masco Corp. 0.00% 265 $17K Reduce -56.5%
PGNY Progyny Inc. 0.00% 749 $16K Reduce -46.3%
GNTX Gentex Corp. 0.00% 720 $16K Reduce -53.4%
MOD Modine Manufacturing Co. 0.00% 127 $13K Reduce -26.2%
HTO H2O America 0.00% 236 $12K New
BABA Alibaba Group Holding-SP ADR 0.00% 92 $10K No change
UI Ubiquiti Inc. 0.00% 25 $10K No change
UPS United Parcel Service Class B 0.00% 100 $10K New
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.00% 13 $4K No change
EEMA iShares MSCI Emerg MRKT Asia 0.00% 10 $823 No change
HEWJ Isha Curr Hedged MSCI Japan 0.00% 1 $45 No change

Portfolio Sells Q1 2025 → Q2 2025
ONEQ Fidelity Nasdaq Comp Indx Sold out 0.00% −1.98
MA Mastercard Inc. Class A Reduce -86.2% 0.27% −1.31
ECL Ecolab Inc. Reduce -98.5% 0.02% −1.11
TMO Thermo Fisher Scientific Inc. Reduce -97.8% 0.02% −1.10
ROP Roper Technologies Inc. Reduce -99.4% 0.01% −1.03
TSM Taiwan Semiconductor-SP ADR Reduce -85.1% 0.33% −1.01
EBAY eBay Inc. Sold out 0.00% −0.89
DHR Danaher Corp. Reduce -76.7% 0.32% −0.86
AWK American Water Works Co. Inc. Reduce -99.2% 0.01% −0.84
ISRG Intuitive Surgical Inc. Reduce -59.2% 0.93% −0.77
EWJ iShares MSCI Japan ETF Sold out 0.00% −0.72
WM Waste Management Inc. Reduce -99.0% 0.01% −0.69
NEE Nextera Energy Inc. Reduce -99.3% 0.01% −0.64
V Visa Inc. Class A Sold out 0.00% −0.64
PANW Palo Alto Networks Inc. Reduce -45.5% 1.96% −0.59
XYL Xylem Inc. Reduce -98.6% 0.01% −0.52
WTS Watts Water Technologies-A Sold out 0.00% −0.34
BALL Ball Corp. Sold out 0.00% −0.33
EMR Emerson Electric Co. Reduce -98.5% 0.01% −0.30
CRM Salesforce Inc. Reduce -35.3% 1.17% −0.29
EW Edwards Lifesciences Corp. Reduce -98.1% 0.01% −0.26
TJX TJX Companies Inc. Sold out 0.00% −0.25
VLTO Veralto Corp. Reduce -97.7% 0.01% −0.25
WMS Advanced Drainage Systems Inc. Reduce -97.7% 0.01% −0.24
FSLR First Solar Inc. Sold out 0.00% −0.24
AAPL Apple Inc. Reduce -25.2% 1.26% −0.22
NVDA Nvidia Corp. Reduce -46.9% 3.45% −0.21
AGCO Agco Corp. Sold out 0.00% −0.21
ENS Enersys Sold out 0.00% −0.13
ENPH Enphase Energy Inc. Sold out 0.00% −0.07
UNP Union Pacific Corp. Sold out 0.00% −0.06
MCD McDonald's Corp. Sold out 0.00% −0.04
UNH Unitedhealth Group Inc. Reduce -74.8% 0.01% −0.04
VRTX Vertex Pharmaceuticals Inc. Reduce -80.3% 0.01% −0.03
ANSS Ansys Inc. Sold out 0.00% −0.02
WCN Waste Connections Inc. Reduce -51.0% 0.02% −0.01
ABBV Abbvie Inc. Reduce -41.0% 0.03% −0.01
EQIX Equinix Inc. Reduce -51.3% 0.02% −0.01
AMGN Amgen Inc. Sold out 0.00% −0.01
SNPS Synopsys Inc. Reduce -49.4% 0.03% −0.01
GPN Global Payments Inc. Sold out 0.00% −0.01
DSGX The Descartes Systems Grp Reduce -54.4% 0.01% −0.01
STN Stantec Inc. Reduce -61.3% 0.01% −0.01
ROL Rollins Inc. Reduce -55.0% 0.01% −0.01
BJ Bj's Wholesale Club Holdings Reduce -55.6% 0.01% −0.01
TMUS T-Mobile US Inc. Reduce -49.6% 0.01% −0.01
CSGP Costar Group Inc. Reduce -53.0% 0.01% −0.01
VZ Verizon Communications Inc. Reduce -58.3% 0.01% −0.01
CLH Clean Harbors Inc. Reduce -49.2% 0.02% −0.01
MSI Motorola Solutions Inc. Reduce -49.8% 0.01% −0.01

Portfolio Buys Q1 2025 → Q2 2025
PG The Procter & Gamble Co. Add +1.4% 23.91% +3.19
TXN Texas Instruments Inc. Add +1.6% 8.13% +2.44
PPG PPG Industries Inc. Add +0.3% 7.81% +1.66
HPE Hewlett Packard Enterprise Add +1.6% 1.82% +0.71
AMZN Amazon.com Inc. Add +9.4% 1.85% +0.66
META Meta Platforms Inc. Class A Add +46.7% 1.01% +0.57
MRVL Marvell Technology Inc. Add +102.8% 0.71% +0.48
JPM JPMorgan Chase & Co. Add +23.3% 0.95% +0.41
CEG Constellation Energy Add +31.3% 0.69% +0.39
SHOP Shopify Inc. Class A Add +20.9% 0.76% +0.33
ANET Arista Networks Inc. Add +17.1% 0.71% +0.31
PH Parker Hannifin Corp. New 0.28% +0.28
NOW ServiceNow Inc. Add +326.4% 0.30% +0.26
CAT Caterpillar Inc. Add +85.3% 0.32% +0.21
LNG Cheniere Energy Inc. Add +2640.0% 0.20% +0.20
BSX Boston Scientific Corp. Add +36.4% 0.46% +0.20
BLK BlackRock Inc. Add +36.1% 0.34% +0.16
TSLA Tesla Inc. Add +6.0% 0.43% +0.16
CP Canadian Pacific Kansas City Add +7.3% 0.45% +0.15
ADSK Autodesk Inc. Add +229.9% 0.16% +0.13
HLT Hilton Worldwide Holdings Inc. Add +425.8% 0.14% +0.12
CAH Cardinal Health Inc. Add +4.0% 0.33% +0.12
PGR Progressive Corp. Add +40.1% 0.30% +0.12
CDNS Cadence Design SYS Inc. Add +13.6% 0.28% +0.09
SYK Stryker Corp. Add +185.0% 0.10% +0.07
WMT Walmart Inc. Add +143.1% 0.07% +0.05
WAT Waters Corp. Add +17.0% 0.16% +0.04
WMB Williams Cos Inc. Add +294.7% 0.02% +0.02
CTAS Cintas Corp. Add +76.0% 0.02% +0.01
PRCT Procept Biorobotics Corp. Add +52.0% 0.01% +0.00
HTO H2O America New 0.00% +0.00
UPS United Parcel Service Class B New 0.00% +0.00

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