# BNP PARIBAS FINANCIAL MARKETS

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1166588. Source: https://holderbook.com/funds/1166588-bnp-paribas-financial-markets/

- Reported value: $288.9B
- Positions: 5,105
- Weight of the ten largest: 32.2%
- Filed: 2026-08-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $20.7B | 3,190,021 | 7.2% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $14.9B | 8,099,974 | 5.1% | 31 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $11.6B | 756,921 | 4.0% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $9.1B | 33,236,556 | 3.2% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $7.4B | 9,036,619 | 2.6% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $6.9B | 5,861,293 | 2.4% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $6.4B | 16,822,260 | 2.2% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $5.5B | 10,796,101 | 1.9% | 31 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $5.5B | 7,071,360 | 1.9% | 31 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $5.0B | 1,677,290 | 1.7% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.8B | 9,896,252 | 1.6% | 15 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $4.5B | 7,319,367 | 1.6% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $3.6B | 6,340,950 | 1.3% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $3.4B | 3,391,917 | 1.2% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $3.4B | 7,154,783 | 1.2% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.3B | 8,070,258 | 1.2% | 31 |
| ISHARES INC | [EWY](https://holderbook.com/stocks/EWY/) | $2.9B | 8,069,271 | 1.0% | 31 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $2.9B | 16,777,726 | 1.0% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $2.8B | 13,777,776 | 1.0% | 31 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $2.5B | 992,504 | 0.9% | 6 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $2.4B | 3,673,416 | 0.8% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $2.3B | 7,917,123 | 0.8% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.9B | 961,496 | 0.7% | 31 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $1.9B | 1,493,593 | 0.7% | 31 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $1.8B | 1,713,408 | 0.6% | 31 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $1.8B | 311,130 | 0.6% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.7B | 12,153,581 | 0.6% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $1.6B | 3,950,280 | 0.6% | 7 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $1.6B | 1,682,457 | 0.5% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.5B | 1,911,285 | 0.5% | 15 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $1.4B | 2,869,530 | 0.5% | 7 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $1.4B | 5,262,423 | 0.5% | 7 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.3B | 7,253,246 | 0.5% | 31 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $1.3B | 4,979,780 | 0.5% | 27 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.3B | 3,347,005 | 0.4% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $1.3B | 2,474,456 | 0.4% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.1B | 9,909,582 | 0.4% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.1B | 7,954,121 | 0.4% | 31 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $1.1B | 3,816,630 | 0.4% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.1B | 2,355,033 | 0.4% | 31 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $1.0B | 3,235,049 | 0.4% | 31 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $1.0B | 7,082,601 | 0.3% | 31 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $983.3M | 2,988,934 | 0.3% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $945.7M | 685,740 | 0.3% | 31 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $939.8M | 473,888 | 0.3% | 7 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $924.3M | 9,376,258 | 0.3% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $901.9M | 3,055,271 | 0.3% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $898.6M | 2,480,470 | 0.3% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $844.9M | 692,107 | 0.3% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $841.2M | 2,799,362 | 0.3% | 31 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $786.2M | 3,872,428 | 0.3% | 15 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $776.3M | 4,945,603 | 0.3% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $747.7M | 503,866 | 0.3% | 31 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $746.2M | 342,594 | 0.3% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $722.7M | 1,321,585 | 0.3% | 31 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $713.2M | 3,450,493 | 0.2% | 31 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $704.8M | 7,308,016 | 0.2% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $703.4M | 1,746,207 | 0.2% | 31 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $699.9M | 1,782,907 | 0.2% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $690.4M | 2,705,051 | 0.2% | 31 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $674.3M | 1,032,338 | 0.2% | 31 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $655.9M | 143,902 | 0.2% | 31 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $644.6M | 1,520,388 | 0.2% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $639.3M | 2,774,754 | 0.2% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $624.4M | 470,130 | 0.2% | 9 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $624.0M | 1,104,218 | 0.2% | 31 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $621.6M | 1,338,006 | 0.2% | 31 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $617.6M | 4,483,999 | 0.2% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $613.6M | 1,506,801 | 0.2% | 15 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $579.0M | 1,279,532 | 0.2% | 31 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $578.1M | 864,966 | 0.2% | 29 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $562.7M | 1,150,921 | 0.2% | 31 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $561.6M | 1,497,644 | 0.2% | 11 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $560.6M | 5,838,299 | 0.2% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $553.5M | 2,831,808 | 0.2% | 31 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $533.6M | 411,313 | 0.2% | 28 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $530.6M | 947,555 | 0.2% | 7 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $510.3M | 1,269,094 | 0.2% | 31 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $504.7M | 2,103,149 | 0.2% | 31 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $502.1M | 6,232,169 | 0.2% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $502.0M | 5,195,087 | 0.2% | 31 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $500.3M | 8,591,033 | 0.2% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $500.2M | 3,130,937 | 0.2% | 31 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $497.2M | 6,967,033 | 0.2% | 31 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $482.2M | 552,811 | 0.2% | 15 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $477.7M | 2,523,153 | 0.2% | 15 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $470.9M | 2,590,215 | 0.2% | 31 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $461.2M | 2,223,430 | 0.2% | 7 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $459.3M | 7,889,429 | 0.2% | 31 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $456.4M | 1,478,201 | 0.2% | 31 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $445.8M | 3,610,313 | 0.2% | 31 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $444.1M | 409,025 | 0.2% | 7 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $434.5M | 3,955,285 | 0.2% | 31 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $432.0M | 1,026,740 | 0.1% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $432.0M | 2,550,686 | 0.1% | 31 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $427.1M | 3,502,030 | 0.1% | 31 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $426.6M | 3,483,025 | 0.1% | 31 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $423.1M | 2,536,332 | 0.1% | 31 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $422.7M | 1,934,888 | 0.1% | 31 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $421.8M | 2,217,939 | 0.1% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +19.5% | +14.8% | +4.7% | 72% |
| Q1 2026 | -3.3% | -4.6% | +1.3% | 71% |
| Q4 2025 | +2.1% | +2.4% | -0.2% | 67% |
| Q3 2025 | +8.4% | +7.8% | +0.6% | 72% |
| Q2 2025 | +10.3% | +10.5% | -0.1% | 76% |
| Q1 2025 | -3.8% | -4.6% | +0.7% | 72% |
| Q4 2024 | +0.9% | +2.1% | -1.2% | 69% |
| Q3 2024 | +5.6% | +5.4% | +0.2% | 74% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $288.9B | 5,105 |
| Q1 2026 | $205.8B | 5,042 |
| Q4 2025 | $220.7B | 4,900 |
| Q3 2025 | $187.3B | 4,746 |
| Q2 2025 | $174.5B | 4,616 |
| Q1 2025 | $170.0B | 4,535 |
| Q4 2024 | $178.4B | 4,541 |
| Q3 2024 | $148.8B | 3,409 |
| Q2 2024 | $122.7B | 3,356 |
| Q1 2024 | $113.9B | 3,353 |
| Q4 2023 | $88.1B | 3,284 |
| Q3 2023 | $77.8B | 3,225 |