# LA FINANCIERE DE L'ECHIQUIER

> Institutional holdings reported to the SEC as of Q2 2024 on Form 13F. CIK 1673995. Source: https://holderbook.com/funds/1673995-la-financiere-de-l-echiquier/

- Reported value: $2.3B
- Positions: 104
- Weight of the ten largest: 52.8%
- Filed: 2024-07-18

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 |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $199.0M | 445,256 | 8.7% | 23 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $197.6M | 1,022,745 | 8.6% | 23 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $167.8M | 1,358,551 | 7.3% | 23 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $129.8M | 494,500 | 5.7% | 23 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $109.2M | 599,584 | 4.8% | 10 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $101.2M | 582,278 | 4.4% | 18 |
| FOMENTO ECONOMICO MEXICANO S | [FMX](https://holderbook.com/stocks/FMX/) | $83.6M | 776,241 | 3.6% | 23 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $82.5M | 186,894 | 3.6% | 23 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $71.7M | 236,394 | 3.1% | 23 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $68.2M | 155,431 | 3.0% | 6 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $62.3M | 183,058 | 2.7% | 19 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $61.9M | 111,877 | 2.7% | 23 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $61.0M | 470,297 | 2.7% | 15 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $59.5M | 155,242 | 2.6% | 15 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $57.3M | 72,782 | 2.5% | 23 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $42.0M | 179,719 | 1.8% | 1 |
| ZSCALER INC | [ZS](https://holderbook.com/stocks/ZS/) | $40.6M | 211,000 | 1.8% | 18 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $40.1M | 118,195 | 1.7% | 9 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $39.5M | 24,055 | 1.7% | 20 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $39.5M | 427,971 | 1.7% | 4 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $36.9M | 117,448 | 1.6% | 13 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $34.7M | 21,598 | 1.5% | 5 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $31.2M | 230,600 | 1.4% | 16 |
| CLOUDFLARE INC | [NET](https://holderbook.com/stocks/NET/) | $30.9M | 372,600 | 1.3% | 15 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $29.4M | 32,500 | 1.3% | 5 |
| CONFLUENT INC | [CFLT](https://holderbook.com/stocks/CFLT/) | $28.5M | 966,200 | 1.2% | 11 |
| CAMTEK LTD | [CAMT](https://holderbook.com/stocks/CAMT/) | $28.5M | 227,400 | 1.2% | 4 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $27.4M | 138,376 | 1.2% | 12 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $25.4M | 1,004,500 | 1.1% | 16 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $22.3M | 86,700 | 1.0% | 4 |
| MONGODB INC | [MDB](https://holderbook.com/stocks/MDB/) | $19.5M | 78,000 | 0.9% | 1 |
| ENPHASE ENERGY INC | [ENPH](https://holderbook.com/stocks/ENPH/) | $18.9M | 190,000 | 0.8% | 5 |
| BIONTECH SE | [BNTX](https://holderbook.com/stocks/BNTX/) | $18.8M | 234,539 | 0.8% | 11 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $16.2M | 29,100 | 0.7% | 3 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $14.2M | 113,000 | 0.6% | 2 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $14.1M | 213,000 | 0.6% | 14 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $13.3M | 94,314 | 0.6% | 9 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $13.2M | 152,000 | 0.6% | 1 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $11.1M | 83,500 | 0.5% | 22 |
| DIGITALOCEAN HLDGS INC | [DOCN](https://holderbook.com/stocks/DOCN/) | $10.0M | 288,800 | 0.4% | 12 |
| DYNATRACE INC | [DT](https://holderbook.com/stocks/DT/) | $7.4M | 164,930 | 0.3% | 15 |
| NICE LTD | [NICE](https://holderbook.com/stocks/NICE/) | $6.3M | 36,631 | 0.3% | 7 |
| THE TRADE DESK INC | [TTD](https://holderbook.com/stocks/TTD/) | $5.8M | 59,121 | 0.3% | 2 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $5.7M | 31,048 | 0.2% | 5 |
| ROCKET LAB USA INC | [RKLBXXXX](https://holderbook.com/stocks/RKLBXXXX/) | $5.5M | 1,151,190 | 0.2% | 12 |
| CBOE GLOBAL MKTS INC | [CBOE](https://holderbook.com/stocks/CBOE/) | $5.3M | 31,273 | 0.2% | 8 |
| COOPER COS INC | [COO](https://holderbook.com/stocks/COO/) | $5.1M | 58,645 | 0.2% | 2 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $4.9M | 19,433 | 0.2% | 7 |
| CREDICORP LTD | [BAP](https://holderbook.com/stocks/BAP/) | $4.7M | 29,014 | 0.2% | 15 |
| FACTSET RESH SYS INC | [FDS](https://holderbook.com/stocks/FDS/) | $4.1M | 10,049 | 0.2% | 6 |
| STERIS PLC | [STE](https://holderbook.com/stocks/STE/) | $4.0M | 18,041 | 0.2% | 7 |
| BRUKER CORP | [BRKR](https://holderbook.com/stocks/BRKR/) | $3.6M | 55,674 | 0.2% | 9 |
| KANZHUN LIMITED | [BZ](https://holderbook.com/stocks/BZ/) | $3.1M | 165,950 | 0.1% | 2 |
| NEUROCRINE BIOSCIENCES INC | [NBIX](https://holderbook.com/stocks/NBIX/) | $3.0M | 22,015 | 0.1% | 2 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $3.0M | 22,137 | 0.1% | 1 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $3.0M | 22,498 | 0.1% | 8 |
| REDWIRE CORPORATION | [RDW](https://holderbook.com/stocks/RDW/) | $3.0M | 413,000 | 0.1% | 12 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $2.9M | 45,000 | 0.1% | 1 |
| PLANET FITNESS MASTER ISSUER | [PLNT](https://holderbook.com/stocks/PLNT/) | $2.9M | 38,897 | 0.1% | 5 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.6M | 12,374 | 0.1% | 23 |
| GRAB HOLDINGS LIMITED | [GRAB](https://holderbook.com/stocks/GRAB/) | $2.4M | 687,842 | 0.1% | 1 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $2.4M | 34,288 | 0.1% | 8 |
| ICICI BANK LIMITED | [IBN](https://holderbook.com/stocks/IBN/) | $2.4M | 82,500 | 0.1% | 1 |
| GARMIN LTD | [GRMN](https://holderbook.com/stocks/GRMN/) | $2.3M | 14,068 | 0.1% | 16 |
| CYBERARK SOFTWARE LTD | [CYBR](https://holderbook.com/stocks/CYBR/) | $2.2M | 8,208 | 0.1% | 1 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $2.2M | 8,218 | 0.1% | 7 |
| LEIDOS HOLDINGS INC | [LDOS](https://holderbook.com/stocks/LDOS/) | $2.0M | 14,000 | 0.1% | 2 |
| INFOSYS LTD | [INFY](https://holderbook.com/stocks/INFY/) | $2.0M | 108,400 | 0.1% | 1 |
| IRIDIUM COMMUNICATIONS INC | [IRDM](https://holderbook.com/stocks/IRDM/) | $1.9M | 73,100 | 0.1% | 13 |
| PLANET LABS PBC | [PL](https://holderbook.com/stocks/PL/) | $1.9M | 1,002,000 | 0.1% | 11 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $1.8M | 10,436 | 0.1% | 7 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $1.8M | 4,900 | 0.1% | 13 |
| MAKEMYTRIP LIMITED MAURITIUS | [MMYT](https://holderbook.com/stocks/MMYT/) | $1.8M | 21,500 | 0.1% | 1 |
| KRATOS DEFENSE & SEC SOLUTIO | [KTOS](https://holderbook.com/stocks/KTOS/) | $1.8M | 88,100 | 0.1% | 2 |
| KB FINL GROUP INC | [KB](https://holderbook.com/stocks/KB/) | $1.7M | 30,000 | 0.1% | 1 |
| TRIMBLE INC | [TRMB](https://holderbook.com/stocks/TRMB/) | $1.6M | 28,290 | 0.1% | 8 |
| NEXTPOWER INC | [NXT](https://holderbook.com/stocks/NXT/) | $1.6M | 33,300 | 0.1% | 1 |
| IRON MTN INC DEL | [IRM](https://holderbook.com/stocks/IRM/) | $1.3M | 14,685 | 0.1% | 9 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $1.3M | 97,000 | 0.1% | 1 |
| AST SPACEMOBILE INC | [ASTS](https://holderbook.com/stocks/ASTS/) | $1.2M | 100,000 | 0.1% | 13 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $1.1M | 2,548 | 0.0% | 23 |
| SPIRE GLOBAL INC | [SPIR](https://holderbook.com/stocks/SPIR/) | $1.1M | 101,000 | 0.0% | 2 |
| BLACKSKY TECHNOLOGY INC | [BKSYXXXX](https://holderbook.com/stocks/BKSYXXXX/) | $998.3K | 933,000 | 0.0% | 12 |
| SCIENCE APPLICATIONS INTL CO | [SAIC](https://holderbook.com/stocks/SAIC/) | $846.4K | 7,200 | 0.0% | 1 |
| GILAT SATELLITE NETWORKS LTD | [GILT](https://holderbook.com/stocks/GILT/) | $843.9K | 188,800 | 0.0% | 7 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $631.5K | 1,240 | 0.0% | 9 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $579.9K | 1,150 | 0.0% | 3 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $537.5K | 2,766 | 0.0% | 8 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $415.5K | 5,396 | 0.0% | 3 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $373.1K | 355 | 0.0% | 5 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $370.3K | 790 | 0.0% | 6 |
| CHART INDS INC | [GTLS](https://holderbook.com/stocks/GTLS/) | $354.2K | 2,454 | 0.0% | 4 |
| ARISTA NETWORKS INC | [ANETXXXX](https://holderbook.com/stocks/ANETXXXX/) | $345.2K | 985 | 0.0% | 3 |
| LAUDER ESTEE COS INC | [EL](https://holderbook.com/stocks/EL/) | $336.1K | 3,159 | 0.0% | 23 |
| BIOMARIN PHARMACEUTICAL INC | [BMRN](https://holderbook.com/stocks/BMRN/) | $321.1K | 3,900 | 0.0% | 4 |
| TOLL BROTHERS INC | [TOL](https://holderbook.com/stocks/TOL/) | $299.5K | 2,600 | 0.0% | 2 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $296.0K | 1,996 | 0.0% | 23 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $280.5K | 6,600 | 0.0% | 1 |
| MODERNA INC | [MRNA](https://holderbook.com/stocks/MRNA/) | $267.2K | 2,250 | 0.0% | 12 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $266.7K | 6,467 | 0.0% | 2 |

## 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 2024 | +4.7% | +4.0% | +0.6% | 100% |
| Q1 2024 | +12.9% | +10.0% | +2.8% | 100% |
| Q4 2023 | +15.5% | +11.2% | +4.3% | 100% |
| Q3 2023 | -4.9% | -3.6% | -1.4% | 100% |
| Q2 2023 | +11.0% | +8.3% | +2.7% | 100% |
| Q1 2023 | +14.2% | +7.0% | +7.1% | 100% |
| Q4 2022 | +0.5% | +7.1% | -6.6% | 100% |
| Q3 2022 | -4.8% | -5.3% | +0.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2024 | $2.3B | 104 |
| Q1 2024 | $2.3B | 103 |
| Q4 2023 | $2.2B | 100 |
| Q3 2023 | $1.9B | 99 |
| Q2 2023 | $2.0B | 98 |
| Q1 2023 | $1.9B | 95 |
| Q4 2022 | $1.6B | 90 |
| Q3 2022 | $1.6B | 85 |
| Q2 2022 | $1.7B | 90 |
| Q1 2022 | $2.4B | 93 |
| Q4 2021 | $3.0B | 92 |
| Q3 2021 | $3.0B | 96 |