BLI - Banque de Luxembourg Investments
Long book
$3.34B
Q1 2026
Positions
175
Top-10 weight
33%
concentration
Last quarter
+7.9%
SPY +14.8%
Turnover
3%
of book per quarter
Strategy in plain words
auto-generated from filingsBLI - Banque de Luxembourg Investments is an institutional manager, running a $3.34B US long book across 175 positions.
The portfolio is moderately concentrated (top 10 ≈ 33% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: MICROSOFT CORP, ALPHABET INC-CL A, NVIDIA CORP, AMAZON.COM INC, APPLE INC.
Over the last 6 quarters its long book ran on average 2.4pp per quarter behind the S&P 500, beating the index in 1 of 6 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2024
-2.3%
Q1 2025
+5.8%
Q2 2025
+5.3%
Q3 2025
+1.2%
Q4 2025
-4.7%
Q1 2026
+7.9%
Sector allocation
Technology 33%
Industrials 12%
Services media 11%
Healthcare 11%
Consumer discretionary 9%
Other 9%
Materials 8%
Consumer staples 3%
Long book by quarter
What does BLI - own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 449.5K | $215.6M | 6.5% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 583.8K | $180.2M | 5.4% | Held |
| NVDA NVIDIA CORP | Technology | 583.8K | $107.7M | 3.2% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 469.4K | $107.3M | 3.2% | Held |
| AAPL APPLE INC | Technology | 341.8K | $91.8M | 2.7% | Held |
| UNP UNION PACIFIC CORP | Industrials | 375.7K | $86.2M | 2.6% | Held |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 844.9K | $82.3M | 2.5% | Held |
| V VISA INC-CLASS A SHARES | Services media | 233.9K | $81.4M | 2.4% | Held |
| MA MASTERCARD INC - A | Services media | 135.1K | $76.7M | 2.3% | Held |
| AZN ASTRAZENECA PLC | Healthcare | 372.9K | $69.0M | 2.1% | New |
| ADBE ADOBE INC | Technology | 177.2K | $61.4M | 1.8% | Held |
| CL COLGATE-PALMOLIVE CO | Other | 764.3K | $59.8M | 1.8% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 85.9K | $56.3M | 1.7% | Held |
| ACN ACCENTURE PLC-CL A | Services media | 206.1K | $54.7M | 1.6% | Held |
| FNV FRANCO-NEVADA CORP | Materials | 257.5K | $52.6M | 1.6% | Held |
| RMD RESMED INC | Healthcare | 215.5K | $51.5M | 1.5% | Held |
| AEM AGNICO EAGLE MINES LTD | Materials | 303.0K | $50.6M | 1.5% | Held |
| PEP PEPSICO INC | Consumer staples | 329.2K | $46.7M | 1.4% | Held |
| VRSK VERISK ANALYTICS INC | Technology | 209.2K | $46.2M | 1.4% | Held |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 393.5K | $45.5M | 1.4% | Held |
| TJX TJX COMPANIES INC | Consumer discretionary | 254.7K | $38.9M | 1.2% | Held |
| KMB KIMBERLY-CLARK CORP | Other | 389.3K | $38.9M | 1.2% | Held |
| WAT WATERS CORP | Healthcare | 100.9K | $38.1M | 1.1% | Held |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 65.7K | $37.7M | 1.1% | Held |
| IDXX IDEXX LABORATORIES INC | Materials | 55.8K | $37.4M | 1.1% | Held |
| ROL ROLLINS INC | Services media | 584.0K | $34.7M | 1.0% | Held |
| IEX IDEX CORP | Industrials | 188.9K | $33.3M | 1.0% | Held |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 570.8K | $30.8M | 0.9% | Held |
| ENB ENBRIDGE INC | Energy | 625.3K | $29.4M | 0.9% | Held |
| CAT CATERPILLAR INC | Industrials | 50.9K | $28.9M | 0.9% | Held |
| ORLA ORLA MINING LTD | Materials | 2.1M | $28.1M | 0.8% | Held |
| SPGI S&P GLOBAL INC | Services media | 53.5K | $27.8M | 0.8% | Held |
| CPW CHECK POINT SOFTWARE TECH | — | 149.7K | $27.6M | 0.8% | Held |
| SITE SITEONE LANDSCAPE SUPPLY INC | Consumer discretionary | 216.9K | $27.0M | 0.8% | Held |
| AGI ALAMOS GOLD INC-CLASS A | Materials | 690.0K | $26.3M | 0.8% | Held |
| ABT ABBOTT LABORATORIES | Healthcare | 200.7K | $24.8M | 0.7% | Held |
| AVGO BROADCOM INC | Technology | 70.6K | $24.3M | 0.7% | Held |
| NKE NIKE INC -CL B | Other | 392.5K | $23.6M | 0.7% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 109.6K | $22.3M | 0.7% | Held |
| RGLD ROYAL GOLD INC | Financials | 100.0K | $22.1M | 0.7% | Held |
| MCO MOODY'S CORP | Services media | 43.3K | $22.0M | 0.7% | Held |
| SNPS SYNOPSYS INC | Technology | 46.0K | $21.5M | 0.6% | Held |
| ANET ARISTA NETWORKS INC | Technology | 164.4K | $21.4M | 0.6% | Held |
| ADSK AUTODESK INC | Technology | 71.2K | $21.0M | 0.6% | Held |
| DHR DANAHER CORP | Technology | 90.3K | $20.5M | 0.6% | Held |
| KLAC KLA CORP | Other | 16.6K | $20.3M | 0.6% | Held |
| AMAT APPLIED MATERIALS INC | Technology | 86.7K | $19.2M | 0.6% | Held |
| ROP ROPER TECHNOLOGIES INC | Technology | 42.9K | $19.0M | 0.6% | Held |
| LLY ELI LILLY & CO | Healthcare | 17.5K | $18.6M | 0.6% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 131.0K | $18.6M | 0.6% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 175 | $3.34B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 178 | $3.41B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 170 | $3.43B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 175 | $3.49B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 138 | $3.30B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 134 | $3.68B | canonical | SEC ↗ |
Similar funds
MASSACHUSETTS FINANCIAL SERVICES CO /MA/JENNISON ASSOCIATES LLCNational Pension ServiceFIL LtdClearbridge Investments, LLCDZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am MainNORDEA INVESTMENT MANAGEMENT ABBoston PartnersSwedbank AB1832 Asset Management L.P. HARRIS ASSOCIATES L PLOOMIS SAYLES & CO L P