BNP PARIBAS

Bank broker Mechanical CIK 872786
League rank
#5
in Bank broker · #1071 overall
Long book
$3.15B
Q1 2026
Positions
333
Top-10 weight
45%
concentration
Last quarter
+16.7%
SPY +14.8%
Turnover
18%
of book per quarter

Strategy in plain words

auto-generated from filings

BNP PARIBAS is a bank/brokerage whose filings mix client and house positions, running a $3.15B US long book across 333 positions.

The portfolio is moderately concentrated (top 10 ≈ 45% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ISHR IBX USD INVGD CB ETF-UI, ISHR IBX USD HIYLD CB ETF-UI, MICROSOFT CORP, NVIDIA CORP, APPLE INC.

Over the last 9 quarters its long book ran on average 1.6pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+4.2%
Q2 2024
+4.2%
Q3 2024
+2.8%
Q4 2024
+10.1%
Q1 2025
+13.2%
Q2 2025
+5.9%
Q3 2025
+2.5%
Q4 2025
-4.7%
Q1 2026
+16.7%

Sector allocation

Technology
46%
Financials
10%
Consumer discretionary
9%
Industrials
8%
Healthcare
7%
Services media
6%
Consumer staples
3%
Other
3%

Long book by quarter

$2.14B
Q1 2024
$1.99B
Q2 2024
$2.41B
Q3 2024
$16.77B
Q4 2024
$2.41B
Q1 2025
$3.08B
Q2 2025
$3.31B
Q3 2025
$3.50B
Q4 2025
$3.15B
Q1 2026

What does BNP PARIBAS own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
MSFT MICROSOFT CORPTechnology471.2K$175.3M5.6%+6.2%
NVDA NVIDIA CORPTechnology914.2K$157.6M5.0%-2.4%
AAPL APPLE INCTechnology467.7K$117.4M3.7%-6.2%
AMZN AMAZON.COM INCConsumer discretionary560.3K$116.2M3.7%+12.4%
GOOG ALPHABET INC-CL CTechnology389.7K$110.8M3.5%+0.3%
AVGO BROADCOM INCTechnology360.1K$109.3M3.5%+10.2%
JPM JPMORGAN CHASE & COFinancials273.9K$79.8M2.5%-9.2%
GOOGL ALPHABET INC-CL ATechnology290.8K$79.7M2.5%-2.0%
AMAT APPLIED MATERIALS INCTechnology184.8K$60.5M1.9%-1.2%
KO COCA-COLA CO/THEConsumer staples759.5K$57.7M1.8%+9.7%
MCK MCKESSON CORPConsumer discretionary61.2K$52.9M1.7%+11.4%
V VISA INC-CLASS A SHARESServices media171.3K$52.3M1.7%-4.2%
PANW PALO ALTO NETWORKS INCTechnology318.2K$51.2M1.6%+6.3%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials105.4K$50.5M1.6%+10.2%
PH PARKER HANNIFIN CORPIndustrials52.1K$46.1M1.5%+1.2%
META META PLATFORMS INC-CLASS ATechnology79.2K$45.0M1.4%+11.9%
MU MICRON TECHNOLOGY INCTechnology119.5K$39.6M1.3%+217.4%
TMO THERMO FISHER SCIENTIFIC INCOther71.7K$34.6M1.1%+2.8%
CSCO CISCO SYSTEMS INCTechnology444.6K$34.2M1.1%-6.6%
LLY ELI LILLY & COHealthcare36.6K$33.6M1.1%-1.6%
BKNG BOOKING HOLDINGS INCIndustrials8.0K$33.4M1.1%+10.4%
XOM EXXON MOBIL CORPEnergy176.1K$30.0M1.0%+25.6%
SPGI S&P GLOBAL INCServices media68.7K$29.0M0.9%+9.3%
SNPS SYNOPSYS INCTechnology68.7K$27.0M0.9%+10.6%
ZTS ZOETIS INCHealthcare213.6K$25.1M0.8%+11.2%
TMUS T-MOBILE US INCCommunications115.3K$24.4M0.8%+8.3%
AMD ADVANCED MICRO DEVICESTechnology110.9K$22.3M0.7%+1.8%
NOW SERVICENOW INCTechnology200.6K$21.0M0.7%+1.9%
WMT WALMART INCConsumer discretionary175.8K$20.9M0.7%-19.9%
PFE PFIZER INCHealthcare730.3K$20.5M0.7%+14.8%
PGR PROGRESSIVE CORPFinancials100.8K$20.2M0.6%+21.3%
AMGN AMGEN INCHealthcare53.9K$19.0M0.6%-4.1%
T AT&T INCCommunications651.8K$18.9M0.6%+12.3%
DDOG DATADOG INC - CLASS ATechnology144.9K$17.1M0.5%+250.9%
GS GOLDMAN SACHS GROUP INCFinancials20.1K$16.9M0.5%+16.4%
EMR EMERSON ELECTRIC COIndustrials123.5K$16.2M0.5%+131.7%
UBER UBER TECHNOLOGIES INCServices media219.2K$16.1M0.5%+13.7%
ED CONSOLIDATED EDISON INCUtilities139.6K$15.8M0.5%+355.7%
PWR QUANTA SERVICES INCIndustrials29.2K$15.7M0.5%-16.6%
HD HOME DEPOT INCConsumer discretionary46.7K$15.3M0.5%-6.0%
ABBV ABBVIE INCHealthcare68.3K$14.9M0.5%-12.8%
MA MASTERCARD INC - AServices media28.6K$14.2M0.5%-19.0%
VRT VERTIV HOLDINGS CO-ATechnology55.1K$13.8M0.4%-26.5%
GILD GILEAD SCIENCES INCHealthcare98.3K$13.7M0.4%+6.3%
ISRG INTUITIVE SURGICAL INCHealthcare29.7K$13.7M0.4%-11.1%
MCD MCDONALD'S CORPConsumer discretionary43.4K$13.3M0.4%+85.0%
EXC EXELON CORPUtilities251.9K$12.3M0.4%+0.6%
UNP UNION PACIFIC CORPIndustrials49.8K$12.1M0.4%+7.0%
NEM NEWMONT CORPMaterials110.9K$12.0M0.4%+551.7%
GEV GE VERNOVA INCIndustrials13.7K$11.9M0.4%-3.3%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 12, 2026641$3.15B canonicalSEC ↗
Q4 202513F-HRFeb 10, 2026672$3.50B canonicalSEC ↗
Q3 202513F-HRNov 14, 2025628$3.31B canonicalSEC ↗
Q2 202513F-HRAug 14, 2025661$3.08B canonicalSEC ↗
Q1 202513F-HRMay 15, 2025657$2.41B canonicalSEC ↗
Q4 202413F-HRFeb 14, 2025685$16.77B canonicalSEC ↗
Q3 202413F-HRNov 13, 2024686$2.41B canonicalSEC ↗
Q2 202413F-HRAug 13, 2024621$1.99B canonicalSEC ↗
Q1 202413F-HRMay 2, 2024640$2.14B canonicalSEC ↗