BNP PARIBAS FINANCIAL MARKETS
Long book
$149.31B
Q1 2026
Positions
4879
Top-10 weight
21%
concentration
Last quarter
+17.9%
SPY +14.8%
Turnover
14%
of book per quarter
Strategy in plain words
auto-generated from filingsBNP PARIBAS FINANCIAL MARKETS is a bank/brokerage whose filings mix client and house positions, running a $149.31B US long book across 4879 positions.
The portfolio is broadly diversified across 4879 positions (top 10 only 21%). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, MICROSOFT CORP, AMAZON.COM INC, APPLE INC, SS SPDR S&P BIOTECH ETF.
Over the last 9 quarters its long book ran on average 0.3pp per quarter ahead of the S&P 500, beating the index in 5 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
+2.4%
Q2 2024
+5.9%
Q3 2024
+1.3%
Q4 2024
-3.5%
Q1 2025
+10.7%
Q2 2025
+8.7%
Q3 2025
+2.6%
Q4 2025
-2.9%
Q1 2026
+17.9%
Sector allocation
Technology 38%
Industrials 13%
Financials 12%
Healthcare 8%
Consumer discretionary 8%
Services media 5%
Other 4%
Utilities 3%
Long book by quarter
What does BNP PARIBAS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 32.3M | $5.63B | 3.8% | -6.3% |
| MSFT MICROSOFT CORP | Technology | 12.8M | $4.75B | 3.2% | -1.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 15.2M | $3.16B | 2.1% | -17.4% |
| AAPL APPLE INC | Technology | 11.7M | $2.96B | 2.0% | -38.8% |
| TSLA TESLA INC | Industrials | 7.1M | $2.63B | 1.8% | +3.4% |
| AVGO BROADCOM INC | Technology | 7.8M | $2.42B | 1.6% | +10.9% |
| GOOGL ALPHABET INC-CL A | Technology | 8.1M | $2.32B | 1.6% | -2.8% |
| GOOG ALPHABET INC-CL C | Technology | 7.8M | $2.24B | 1.5% | +33.3% |
| JPM JPMORGAN CHASE & CO | Financials | 7.0M | $2.07B | 1.4% | -11.0% |
| META META PLATFORMS INC-CLASS A | Technology | 3.5M | $1.99B | 1.3% | -28.8% |
| MU MICRON TECHNOLOGY INC | Technology | 4.7M | $1.58B | 1.1% | -5.7% |
| ORCL ORACLE CORP | Technology | 8.9M | $1.32B | 0.9% | +123.5% |
| CSCO CISCO SYSTEMS INC | Technology | 13.1M | $1.02B | 0.7% | -29.8% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.9M | $917.6M | 0.6% | +7.2% |
| WMT WALMART INC | Consumer discretionary | 7.0M | $873.8M | 0.6% | +61.4% |
| AMD ADVANCED MICRO DEVICES | Technology | 4.3M | $871.9M | 0.6% | -30.9% |
| TXN TEXAS INSTRUMENTS INC | Technology | 4.4M | $848.0M | 0.6% | +13.0% |
| V VISA INC-CLASS A SHARES | Services media | 2.8M | $839.3M | 0.6% | +5.1% |
| UNH UNITEDHEALTH GROUP INC | Financials | 3.1M | $825.7M | 0.6% | +11.1% |
| SNDK SANDISK CORP | Technology | 1.3M | $794.9M | 0.5% | +46.4% |
| ADI ANALOG DEVICES INC | Technology | 2.5M | $787.3M | 0.5% | -17.8% |
| LLY ELI LILLY & CO | Healthcare | 825.9K | $759.6M | 0.5% | +16.5% |
| GE GENERAL ELECTRIC | Industrials | 2.6M | $730.9M | 0.5% | -25.7% |
| AMAT APPLIED MATERIALS INC | Technology | 2.1M | $709.1M | 0.5% | +1.1% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 509.3K | $672.8M | 0.5% | +94.5% |
| ABBV ABBVIE INC | Healthcare | 3.0M | $662.0M | 0.4% | -2.3% |
| XOM EXXON MOBIL CORP | Energy | 3.8M | $642.7M | 0.4% | -30.7% |
| BAC BANK OF AMERICA CORP | Financials | 12.6M | $613.4M | 0.4% | +32.2% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 4.1M | $601.6M | 0.4% | -2.2% |
| MA MASTERCARD INC - A | Services media | 1.2M | $597.2M | 0.4% | +14.4% |
| INTC INTEL CORP | Technology | 13.3M | $587.9M | 0.4% | +1.0% |
| NFLX NETFLIX INC | Services media | 6.1M | $584.9M | 0.4% | -27.7% |
| JNJ JOHNSON & JOHNSON | Healthcare | 2.4M | $584.1M | 0.4% | +32.9% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 553.3K | $551.3M | 0.4% | -49.8% |
| BKNG BOOKING HOLDINGS INC | Industrials | 128.1K | $539.5M | 0.4% | +64.6% |
| ACN ACCENTURE PLC-CL A | Services media | 2.6M | $521.9M | 0.3% | +194.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 3.6M | $516.5M | 0.3% | +27.2% |
| PGR PROGRESSIVE CORP | Financials | 2.6M | $514.0M | 0.3% | +25.6% |
| NOW SERVICENOW INC | Technology | 4.9M | $509.7M | 0.3% | +110.3% |
| CRM SALESFORCE INC | Technology | 2.7M | $501.6M | 0.3% | +36.4% |
| LRCX LAM RESEARCH CORP | Industrials | 2.3M | $484.3M | 0.3% | -36.0% |
| CAT CATERPILLAR INC | Industrials | 681.0K | $482.5M | 0.3% | -6.0% |
| MS MORGAN STANLEY | Financials | 2.8M | $456.7M | 0.3% | -4.2% |
| MRSH MARSH & MCLENNAN COS | Financials | 2.6M | $445.2M | 0.3% | +78.2% |
| KLAC KLA CORP | Other | 293.4K | $431.9M | 0.3% | -33.1% |
| GEV GE VERNOVA INC | Industrials | 491.9K | $429.4M | 0.3% | -58.7% |
| LIN LINDE PLC | Materials | 850.9K | $421.8M | 0.3% | -30.8% |
| CVX CHEVRON CORP | Energy | 2.0M | $416.7M | 0.3% | -29.0% |
| AXP AMERICAN EXPRESS CO | Financials | 1.4M | $409.8M | 0.3% | +5.9% |
| GS GOLDMAN SACHS GROUP INC | Financials | 464.5K | $393.0M | 0.3% | -13.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 17681 | $205.81B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 20276 | $220.69B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 16840 | $187.27B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 15326 | $174.48B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 16216 | $170.02B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 17348 | $178.41B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 12745 | $148.82B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 9627 | $122.73B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 1, 2024 | 9532 | $113.86B | canonical | SEC ↗ |