# KBC Group NV

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1411133. Source: https://holderbook.com/funds/1411133-kbc-group-nv/

- Reported value: $46.3B
- Positions: 1,845
- Weight of the ten largest: 36.3%
- Filed: 2026-08-05

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 |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $3.5B | 17,549,127 | 7.6% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.6B | 7,221,870 | 5.5% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.4B | 8,322,700 | 5.2% | 35 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.9B | 5,115,865 | 4.1% | 35 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.5B | 6,416,243 | 3.3% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.4B | 3,745,261 | 3.1% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $913.7M | 1,622,009 | 2.0% | 35 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $905.5M | 784,498 | 2.0% | 35 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $903.3M | 1,249,386 | 2.0% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $780.4M | 2,384,147 | 1.7% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $698.0M | 1,610,743 | 1.5% | 7 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $653.7M | 544,998 | 1.4% | 37 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $614.1M | 1,057,142 | 1.3% | 9 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $468.1M | 3,344,445 | 1.0% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $397.4M | 6,974,246 | 0.9% | 35 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $391.2M | 1,531,412 | 0.8% | 34 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $352.3M | 1,685,231 | 0.8% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $352.3M | 2,522,820 | 0.8% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $335.8M | 1,322,168 | 0.7% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $323.8M | 906,165 | 0.7% | 35 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $314.8M | 757,505 | 0.7% | 36 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $313.9M | 310,391 | 0.7% | 31 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $281.0M | 931,319 | 0.6% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $273.0M | 2,836,796 | 0.6% | 37 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $270.9M | 3,794,690 | 0.6% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $270.2M | 229,976 | 0.6% | 9 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $268.5M | 517,451 | 0.6% | 14 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $265.9M | 774,932 | 0.6% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $252.0M | 599,175 | 0.5% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $246.5M | 231,511 | 0.5% | 31 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $245.7M | 4,264,357 | 0.5% | 37 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $244.0M | 487,552 | 0.5% | 31 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $235.5M | 1,037,439 | 0.5% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $221.4M | 431,110 | 0.5% | 31 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $220.7M | 511,599 | 0.5% | 31 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $218.8M | 1,396,434 | 0.5% | 31 |
| FLEX LTD | [FLEX](https://holderbook.com/stocks/FLEX/) | $211.1M | 1,302,492 | 0.5% | 12 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $207.7M | 1,644,035 | 0.4% | 37 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $203.6M | 1,014,915 | 0.4% | 31 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $202.5M | 3,352,607 | 0.4% | 31 |
| MONSTER BEVERAGE CORP NEW | [MNST](https://holderbook.com/stocks/MNST/) | $201.2M | 2,092,849 | 0.4% | 31 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $200.5M | 8,327,265 | 0.4% | 37 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $199.6M | 1,699,669 | 0.4% | 31 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $193.3M | 813,767 | 0.4% | 35 |
| TE CONNECTIVITY PLC | [TEL](https://holderbook.com/stocks/TEL/) | $192.2M | 953,369 | 0.4% | 8 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $185.1M | 1,263,341 | 0.4% | 35 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $179.2M | 370,310 | 0.4% | 31 |
| INTERACTIVE BROKERS GROUP IN | [IBKR](https://holderbook.com/stocks/IBKR/) | $176.6M | 2,028,985 | 0.4% | 15 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $175.2M | 588,197 | 0.4% | 21 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $172.7M | 1,573,632 | 0.4% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $169.3M | 672,932 | 0.4% | 2 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $167.4M | 595,275 | 0.4% | 31 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $166.0M | 742,069 | 0.4% | 31 |
| COMFORT SYS USA INC | [FIX](https://holderbook.com/stocks/FIX/) | $161.6M | 81,518 | 0.3% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $161.1M | 1,098,518 | 0.3% | 35 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $159.0M | 1,877,848 | 0.3% | 29 |
| FERGUSON ENTERPRISES INC | [FERG](https://holderbook.com/stocks/FERG/) | $154.8M | 652,456 | 0.3% | 8 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $150.0M | 155,454 | 0.3% | 21 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $149.3M | 441,428 | 0.3% | 31 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $147.1M | 369,833 | 0.3% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $145.4M | 1,131,286 | 0.3% | 37 |
| ADVANCED DRAIN SYS INC DEL | [WMS](https://holderbook.com/stocks/WMS/) | $145.0M | 923,696 | 0.3% | 25 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $144.5M | 747,974 | 0.3% | 31 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $143.2M | 672,835 | 0.3% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $138.7M | 750,502 | 0.3% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $138.6M | 382,676 | 0.3% | 37 |
| AERCAP HOLDINGS NV | [AER](https://holderbook.com/stocks/AER/) | $138.3M | 948,504 | 0.3% | 18 |
| CRH PLC | [CRH](https://holderbook.com/stocks/CRH/) | $134.7M | 1,259,073 | 0.3% | 12 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $134.7M | 483,414 | 0.3% | 31 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $133.8M | 343,183 | 0.3% | 31 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $133.7M | 209,395 | 0.3% | 31 |
| CORE & MAIN INC | [CNM](https://holderbook.com/stocks/CNM/) | $133.7M | 2,770,513 | 0.3% | 12 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $132.2M | 750,006 | 0.3% | 31 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $129.5M | 413,440 | 0.3% | 31 |
| GARMIN LTD | [GRMN](https://holderbook.com/stocks/GRMN/) | $129.1M | 543,639 | 0.3% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $126.4M | 338,281 | 0.3% | 20 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $126.2M | 1,553,320 | 0.3% | 37 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $125.8M | 134,499 | 0.3% | 31 |
| SS&C TECH HLDGS | [SSNC](https://holderbook.com/stocks/SSNC/) | $117.7M | 1,896,870 | 0.3% | 31 |
| CF INDUSTRIES HOLD | [CF](https://holderbook.com/stocks/CF/) | $116.1M | 1,072,644 | 0.3% | 31 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $115.1M | 514,091 | 0.2% | 31 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $114.7M | 676,345 | 0.2% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $114.7M | 240,184 | 0.2% | 20 |
| PRIMO BRANDS CORPORATION | [PRMB](https://holderbook.com/stocks/PRMB/) | $113.2M | 4,630,856 | 0.2% | 7 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $111.9M | 179,508 | 0.2% | 37 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $111.0M | 980,306 | 0.2% | 31 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $109.4M | 614,000 | 0.2% | 34 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $108.4M | 1,008,249 | 0.2% | 31 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $105.9M | 1,251,083 | 0.2% | 31 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $105.8M | 622,875 | 0.2% | 7 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $104.8M | 380,034 | 0.2% | 31 |
| EMCOR GROUP INC | [EME](https://holderbook.com/stocks/EME/) | $103.6M | 124,806 | 0.2% | 12 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $103.4M | 785,726 | 0.2% | 31 |
| ANNALY CAPITAL MANAGEMENT IN | [NLY](https://holderbook.com/stocks/NLY/) | $102.5M | 4,582,170 | 0.2% | 16 |
| GEN DIGITAL INC | [GEN](https://holderbook.com/stocks/GEN/) | $101.3M | 4,070,600 | 0.2% | 27 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $101.1M | 594,407 | 0.2% | 31 |
| WABTEC | [WAB](https://holderbook.com/stocks/WAB/) | $100.1M | 371,207 | 0.2% | 31 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $99.6M | 130,453 | 0.2% | 27 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $99.3M | 678,689 | 0.2% | 12 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $99.2M | 197,810 | 0.2% | 36 |

## 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 | +17.8% | +14.8% | +3.0% | 100% |
| Q1 2026 | -6.3% | -4.6% | -1.6% | 100% |
| Q4 2025 | +2.5% | +2.4% | +0.1% | 100% |
| Q3 2025 | +7.2% | +7.8% | -0.6% | 100% |
| Q2 2025 | +10.6% | +10.5% | +0.1% | 100% |
| Q1 2025 | -5.6% | -4.6% | -1.0% | 100% |
| Q4 2024 | +1.8% | +2.1% | -0.4% | 100% |
| Q3 2024 | +3.9% | +5.4% | -1.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $46.3B | 1,845 |
| Q1 2026 | $39.9B | 1,854 |
| Q4 2025 | $43.9B | 1,728 |
| Q3 2025 | $41.7B | 1,727 |
| Q2 2025 | $37.0B | 1,711 |
| Q1 2025 | $32.2B | 1,876 |
| Q4 2024 | $36.3B | 1,832 |
| Q3 2024 | $33.1B | 1,835 |
| Q2 2024 | $33.1B | 1,842 |
| Q1 2024 | $31.5B | 1,843 |
| Q4 2023 | $28.2B | 1,858 |
| Q3 2023 | $24.5B | 1,917 |