BDF-GESTION
Long book
$748.6M
Q1 2026
Positions
144
Top-10 weight
46%
concentration
Last quarter
+17.1%
SPY +14.8%
Turnover
21%
of book per quarter
Strategy in plain words
auto-generated from filingsBDF-GESTION is a diversified fundamental manager, running a $748.6M US long book across 144 positions.
The portfolio is moderately concentrated (top 10 ≈ 46% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, ALPHABET INC-CL C, BROADCOM INC.
Over the last 8 quarters its long book ran on average 1pp per quarter behind the S&P 500, beating the index in 3 of 8 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q2 2024
+5.7%
Q3 2024
-2.0%
Q4 2024
-6.5%
Q1 2025
+11.7%
Q2 2025
+8.2%
Q3 2025
+1.7%
Q4 2025
-7.6%
Q1 2026
+17.1%
Sector allocation
Technology 55%
Financials 11%
Healthcare 11%
Services media 7%
Industrials 6%
Other 4%
Consumer staples 2%
Consumer discretionary 2%
Long book by quarter
What does BDF-GESTION own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 437.2K | $76.2M | 10.2% | -3.6% |
| AAPL APPLE INC | Technology | 286.1K | $72.6M | 9.7% | Held |
| MSFT MICROSOFT CORP | Technology | 150.8K | $55.8M | 7.5% | +6.1% |
| GOOG ALPHABET INC-CL C | Technology | 106.3K | $30.5M | 4.1% | Held |
| AVGO BROADCOM INC | Technology | 97.7K | $30.2M | 4.0% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 47.1K | $27.0M | 3.6% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 59.9K | $17.6M | 2.4% | Held |
| LLY ELI LILLY & CO | Healthcare | 18.7K | $17.2M | 2.3% | Held |
| V VISA INC-CLASS A SHARES | Services media | 35.7K | $10.8M | 1.4% | Held |
| ABBV ABBVIE INC | Healthcare | 44.5K | $9.7M | 1.3% | Held |
| NFLX NETFLIX INC | Services media | 82.6K | $7.9M | 1.1% | +25.9% |
| HD HOME DEPOT INC | Consumer discretionary | 23.6K | $7.8M | 1.0% | Held |
| AMAT APPLIED MATERIALS INC | Technology | 21.2K | $7.3M | 1.0% | -21.8% |
| MA MASTERCARD INC - A | Services media | 14.4K | $7.2M | 1.0% | Held |
| ORCL ORACLE CORP | Technology | 47.0K | $6.9M | 0.9% | +16.9% |
| LRCX LAM RESEARCH CORP | Industrials | 32.0K | $6.8M | 0.9% | +29.4% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 44.4K | $6.5M | 0.9% | -8.3% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 13.4K | $6.2M | 0.8% | -20.9% |
| GS GOLDMAN SACHS GROUP INC | Financials | 7.0K | $5.9M | 0.8% | Held |
| CSCO CISCO SYSTEMS INC | Technology | 74.9K | $5.8M | 0.8% | Held |
| C CITIGROUP INC | Financials | 50.5K | $5.7M | 0.8% | -35.7% |
| MU MICRON TECHNOLOGY INC | Technology | 16.9K | $5.7M | 0.8% | -22.6% |
| MRK MERCK & CO. INC. | Healthcare | 47.2K | $5.7M | 0.8% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 38.3K | $5.5M | 0.7% | Held |
| ADI ANALOG DEVICES INC | Technology | 17.3K | $5.5M | 0.7% | +28.8% |
| CRM SALESFORCE INC | Technology | 29.5K | $5.5M | 0.7% | +18.4% |
| BAC BANK OF AMERICA CORP | Financials | 113.0K | $5.5M | 0.7% | -21.0% |
| KO COCA-COLA CO/THE | Consumer staples | 72.2K | $5.5M | 0.7% | Held |
| KLAC KLA CORP | Other | 3.7K | $5.5M | 0.7% | +44.5% |
| TXN TEXAS INSTRUMENTS INC | Technology | 26.0K | $5.0M | 0.7% | Held |
| AMD ADVANCED MICRO DEVICES | Technology | 24.0K | $4.9M | 0.7% | -22.5% |
| ABT ABBOTT LABORATORIES | Healthcare | 47.3K | $4.9M | 0.6% | -22.2% |
| PEP PEPSICO INC | Consumer staples | 31.0K | $4.8M | 0.6% | New |
| IBM INTL BUSINESS MACHINES CORP | Technology | 18.3K | $4.4M | 0.6% | New |
| UNH UNITEDHEALTH GROUP INC | Financials | 16.1K | $4.3M | 0.6% | Held |
| LIN LINDE PLC | Materials | 8.4K | $4.1M | 0.6% | Held |
| PANW PALO ALTO NETWORKS INC | Technology | 25.5K | $4.1M | 0.5% | Held |
| TMUS T-MOBILE US INC | Communications | 19.0K | $4.0M | 0.5% | Held |
| T AT&T INC | Communications | 136.1K | $3.9M | 0.5% | Held |
| ALL ALLSTATE CORP | Financials | 18.8K | $3.9M | 0.5% | Held |
| NOW SERVICENOW INC | Technology | 37.2K | $3.9M | 0.5% | +25.6% |
| RGLD ROYAL GOLD INC | Financials | 14.8K | $3.8M | 0.5% | Held |
| MSI MOTOROLA SOLUTIONS INC | Technology | 8.6K | $3.7M | 0.5% | Held |
| COR CENCORA INC | Consumer discretionary | 11.7K | $3.7M | 0.5% | Held |
| AXP AMERICAN EXPRESS CO | Financials | 12.1K | $3.7M | 0.5% | Held |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 57.1K | $3.6M | 0.5% | +50.0% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 7.3K | $3.6M | 0.5% | -23.7% |
| ETN EATON CORP PLC | Industrials | 10.0K | $3.6M | 0.5% | +101.0% |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 8.9K | $3.5M | 0.5% | New |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 15.2K | $3.4M | 0.5% | +65.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 10, 2026 | 144 | $748.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 9, 2026 | 147 | $818.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 9, 2025 | 143 | $845.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 11, 2025 | 137 | $893.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 17, 2025 | 143 | $916.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR/ARESTATEMENT | Jan 23, 2025 | 136 | $974.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 17, 2025 | 136 | $974.8M | SEC ↗ | |
| Q3 2024 | 13F-HR | Oct 15, 2024 | 152 | $931.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 11, 2024 | 154 | $1.04B | canonical | SEC ↗ |
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