# LBP AM SA

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1970075. Source: https://holderbook.com/funds/1970075-lbp-am-sa/

- Reported value: $10.0B
- Positions: 423
- Weight of the ten largest: 35.1%
- Filed: 2026-07-24

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/) | $619.6M | 3,096,627 | 6.2% | 15 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $531.1M | 1,423,828 | 5.3% | 15 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $506.3M | 2,124,441 | 5.1% | 15 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $392.2M | 1,355,303 | 3.9% | 15 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $302.7M | 846,920 | 3.0% | 15 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $255.5M | 744,671 | 2.6% | 15 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $245.6M | 650,117 | 2.5% | 15 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $242.7M | 417,746 | 2.4% | 15 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $221.5M | 463,710 | 2.2% | 8 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $197.8M | 164,898 | 2.0% | 15 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $195.6M | 1,400,812 | 2.0% | 15 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $175.2M | 341,055 | 1.8% | 15 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $170.8M | 406,049 | 1.7% | 15 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $160.1M | 452,985 | 1.6% | 15 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $148.6M | 128,696 | 1.5% | 15 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $146.5M | 260,037 | 1.5% | 15 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $129.8M | 250,040 | 1.3% | 14 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $101.1M | 339,453 | 1.0% | 8 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $90.9M | 479,123 | 0.9% | 15 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $88.8M | 1,230,577 | 0.9% | 15 |
| TE CONNECTIVITY PLC | [TEL](https://holderbook.com/stocks/TEL/) | $88.3M | 437,808 | 0.9% | 8 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $85.6M | 118,355 | 0.9% | 15 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $83.8M | 167,179 | 0.8% | 15 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $79.7M | 313,735 | 0.8% | 15 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $79.4M | 237,009 | 0.8% | 8 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $75.4M | 239,514 | 0.8% | 8 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $73.4M | 62,451 | 0.7% | 9 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $71.4M | 283,892 | 0.7% | 15 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $71.0M | 235,251 | 0.7% | 15 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $70.6M | 600,741 | 0.7% | 15 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $65.0M | 67,319 | 0.6% | 14 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $63.1M | 226,612 | 0.6% | 15 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $60.1M | 64,251 | 0.6% | 15 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $59.7M | 182,506 | 0.6% | 15 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $56.4M | 65,704 | 0.6% | 3 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $55.9M | 163,833 | 0.6% | 15 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $53.5M | 235,506 | 0.5% | 5 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $49.3M | 288,381 | 0.5% | 1 |
| ZSCALER INC | [ZS](https://holderbook.com/stocks/ZS/) | $49.1M | 348,151 | 0.5% | 15 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $48.0M | 170,629 | 0.5% | 15 |
| COREWEAVE INC | [CRWV](https://holderbook.com/stocks/CRWV/) | $47.9M | 480,730 | 0.5% | 2 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $47.8M | 326,165 | 0.5% | 15 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $47.5M | 369,803 | 0.5% | 15 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $44.9M | 42,175 | 0.4% | 15 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $44.7M | 104,882 | 0.4% | 14 |
| ROCKET LAB CORP | [RKLB](https://holderbook.com/stocks/RKLB/) | $44.4M | 436,950 | 0.4% | 5 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $44.0M | 151,534 | 0.4% | 5 |
| VIASAT INC | [VSAT](https://holderbook.com/stocks/VSAT/) | $41.5M | 462,365 | 0.4% | 2 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $41.0M | 165,173 | 0.4% | 7 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $40.0M | 235,180 | 0.4% | 7 |
| VENTAS INC | [VTR](https://holderbook.com/stocks/VTR/) | $39.4M | 443,815 | 0.4% | 10 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $39.4M | 1,901,906 | 0.4% | 15 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $38.8M | 492,408 | 0.4% | 15 |
| PLANET LABS PBC | [PL](https://holderbook.com/stocks/PL/) | $37.3M | 1,126,848 | 0.4% | 8 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $37.3M | 99,810 | 0.4% | 15 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $36.6M | 84,420 | 0.4% | 7 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $36.5M | 102,949 | 0.4% | 7 |
| BIONTECH SE | [BNTX](https://holderbook.com/stocks/BNTX/) | $36.1M | 388,498 | 0.4% | 8 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $36.0M | 95,806 | 0.4% | 8 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $33.6M | 52,592 | 0.3% | 4 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $33.5M | 265,498 | 0.3% | 15 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $33.3M | 364,967 | 0.3% | 2 |
| TELEDYNE TECHNOLOGIES INC | [TDY](https://holderbook.com/stocks/TDY/) | $32.5M | 48,740 | 0.3% | 6 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $31.7M | 444,036 | 0.3% | 15 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $31.3M | 139,285 | 0.3% | 1 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $31.2M | 67,882 | 0.3% | 8 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $30.7M | 62,478 | 0.3% | 14 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $30.6M | 117,514 | 0.3% | 8 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $29.9M | 135,072 | 0.3% | 1 |
| CREDO TECHNOLOGY GROUP HOLDI | [CRDO](https://holderbook.com/stocks/CRDO/) | $29.4M | 107,930 | 0.3% | 2 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $27.2M | 77,029 | 0.3% | 15 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $26.9M | 100,111 | 0.3% | 7 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $26.6M | 65,219 | 0.3% | 15 |
| ON SEMICONDUCTOR CORP | - | $26.4M | 21,800,000 | 0.3% | 1 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $26.4M | 63,401 | 0.3% | 3 |
| CLOUDFLARE INC | [NET](https://holderbook.com/stocks/NET/) | $26.3M | 107,023 | 0.3% | 8 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $25.8M | 24,706 | 0.3% | 15 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $25.3M | 288,013 | 0.3% | 15 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $25.3M | 99,256 | 0.3% | 8 |
| WHEATON PRECIOUS METALS CORP | [WPM](https://holderbook.com/stocks/WPM/) | $24.9M | 221,562 | 0.2% | 8 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $24.3M | 173,442 | 0.2% | 15 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $24.3M | 61,089 | 0.2% | 9 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $24.1M | 232,970 | 0.2% | 7 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $23.2M | 234,044 | 0.2% | 15 |
| FIREFLY AEROSPACE INC | [FLY](https://holderbook.com/stocks/FLY/) | $22.3M | 759,041 | 0.2% | 4 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $21.9M | 45,168 | 0.2% | 4 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $21.7M | 64,044 | 0.2% | 15 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $21.5M | 116,169 | 0.2% | 15 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $21.3M | 9,374 | 0.2% | 3 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $21.1M | 100,884 | 0.2% | 9 |
| CENTENE CORP DEL | [CNC](https://holderbook.com/stocks/CNC/) | $21.0M | 327,930 | 0.2% | 3 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $20.9M | 32,984 | 0.2% | 8 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $20.8M | 92,883 | 0.2% | 15 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $20.8M | 73,951 | 0.2% | 14 |
| HUNTINGTON BANCSHARES INC | [HBAN](https://holderbook.com/stocks/HBAN/) | $20.7M | 1,166,875 | 0.2% | 5 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $20.7M | 225,644 | 0.2% | 15 |
| TAKE-TWO INTERACTIVE SOFTWAR | [TTWO](https://holderbook.com/stocks/TTWO/) | $20.5M | 81,847 | 0.2% | 7 |
| CYBERARK SOFTWARE LTD | - | $20.2M | 12,100,000 | 0.2% | 1 |
| CHURCH & DWIGHT CO INC | [CHD](https://holderbook.com/stocks/CHD/) | $19.8M | 203,994 | 0.2% | 5 |
| SOLARIS ENERGY INFRAS INC | [SEI](https://holderbook.com/stocks/SEI/) | $19.8M | 245,587 | 0.2% | 1 |

## 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 | +19.4% | +14.8% | +4.5% | 100% |
| Q1 2026 | -6.7% | -4.6% | -2.1% | 100% |
| Q4 2025 | +2.1% | +2.4% | -0.2% | 100% |
| Q3 2025 | +6.8% | +7.8% | -1.0% | 100% |
| Q2 2025 | +15.3% | +10.5% | +4.8% | 100% |
| Q1 2025 | -6.2% | -4.6% | -1.7% | 100% |
| Q4 2024 | +4.3% | +2.1% | +2.1% | 100% |
| Q3 2024 | +5.9% | +5.4% | +0.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $10.0B | 423 |
| Q1 2026 | $7.3B | 388 |
| Q4 2025 | $8.6B | 408 |
| Q3 2025 | $8.1B | 385 |
| Q2 2025 | $7.1B | 367 |
| Q1 2025 | $6.5B | 363 |
| Q4 2024 | $7.4B | 361 |
| Q3 2024 | $6.7B | 354 |
| Q2 2024 | $2.4B | 311 |
| Q1 2024 | $2.5B | 315 |
| Q4 2023 | $4.5B | 420 |
| Q3 2023 | $4.5B | 464 |