# Exane Asset Management

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1666256. Source: https://holderbook.com/funds/1666256-exane-asset-management/

- Reported value: $276.7M
- Positions: 28
- Weight of the ten largest: 64.8%
- Filed: 2026-07-17

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 |
|---|---|---|---|---|---|
| SMURFIT WESTROCK PLC | [SW](https://holderbook.com/stocks/SW/) | $29.5M | 558,692 | 10.7% | 7 |
| FERROVIAL NV | [FER](https://holderbook.com/stocks/FER/) | $25.2M | 368,047 | 9.1% | 7 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $21.8M | 41,511 | 7.9% | 7 |
| DEUTSCHE BK AG | [DB](https://holderbook.com/stocks/DB/) | $19.1M | 565,061 | 6.9% | 1 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $17.7M | 109,781 | 6.4% | 2 |
| INTERNATIONAL FLAVORS&FRAGRA | [IFF](https://holderbook.com/stocks/IFF/) | $16.8M | 185,402 | 6.1% | 1 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $15.0M | 51,595 | 5.4% | 5 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $12.1M | 40,740 | 4.4% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $11.4M | 17,759 | 4.1% | 2 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $10.7M | 27,400 | 3.9% | 1 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $10.7M | 50,522 | 3.9% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $10.4M | 38,276 | 3.8% | 3 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $10.2M | 78,325 | 3.7% | 2 |
| FIGMA INC | [FIG](https://holderbook.com/stocks/FIG/) | $8.9M | 430,581 | 3.2% | 1 |
| CRH PLC | [CRH](https://holderbook.com/stocks/CRH/) | $8.4M | 69,018 | 3.1% | 12 |
| UBS GROUP AG | [UBS](https://holderbook.com/stocks/UBS/) | $8.3M | 180,748 | 3.0% | 10 |
| TAKE-TWO INTERACTIVE SOFTWAR | [TTWO](https://holderbook.com/stocks/TTWO/) | $8.2M | 28,748 | 3.0% | 1 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $7.6M | 46,200 | 2.7% | 1 |
| AMRIZE LTD | [AMRZ](https://holderbook.com/stocks/AMRZ/) | $6.3M | 129,703 | 2.3% | 2 |
| ZSCALER INC | [ZS](https://holderbook.com/stocks/ZS/) | $4.7M | 28,963 | 1.7% | 1 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $4.5M | 5,211 | 1.6% | 2 |
| GUIDEWIRE SOFTWARE INC | [GWRE](https://holderbook.com/stocks/GWRE/) | $4.3M | 30,390 | 1.5% | 2 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $4.3M | 23,841 | 1.5% | 1 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $164.5K | 2,115 | 0.1% | 3 |
| LOGITECH INTL S A | [LOGI](https://holderbook.com/stocks/LOGI/) | $124.7K | 1,441 | 0.0% | 7 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $104.7K | 736 | 0.0% | 2 |
| ALCON AG | [ALC](https://holderbook.com/stocks/ALC/) | $57.4K | 919 | 0.0% | 2 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $13.7K | 46 | 0.0% | 4 |

## 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 | +8.1% | +14.8% | -6.7% | 95% |
| Q1 2026 | -13.1% | -4.6% | -8.5% | 92% |
| Q4 2025 | +5.8% | +2.4% | +3.4% | 95% |
| Q3 2025 | +10.3% | +7.8% | +2.5% | 94% |
| Q2 2025 | +8.5% | +10.5% | -1.9% | 100% |
| Q1 2025 | +0.1% | -4.6% | +4.6% | 102% |
| Q4 2024 | +0.2% | +2.1% | -2.0% | 101% |
| Q3 2024 | +4.2% | +5.4% | -1.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $276.7M | 28 |
| Q1 2026 | $489.2M | 32 |
| Q4 2025 | $475.3M | 34 |
| Q3 2025 | $296.7M | 34 |
| Q2 2025 | $256.2M | 26 |
| Q1 2025 | $171.8M | 26 |
| Q4 2024 | $175.7M | 27 |
| Q3 2024 | $124.9M | 18 |
| Q2 2024 | $142.6M | 18 |
| Q1 2024 | $129.6M | 13 |
| Q4 2023 | $117.8M | 8 |
| Q3 2023 | $124.4M | 8 |