Covea Finance
Long book
$2.86B
Q1 2026
Positions
146
Top-10 weight
33%
concentration
Last quarter
+11.1%
SPY +14.8%
Turnover
21%
of book per quarter
Strategy in plain words
auto-generated from filingsCovea Finance is a diversified fundamental manager, running a $2.86B US long book across 146 positions.
The portfolio is moderately concentrated (top 10 ≈ 33% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: MICROSOFT CORP, APPLE INC, ALPHABET INC-CL A, AMAZON.COM INC, NVIDIA CORP.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 3 of 9 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
Q1 2024
+4.3%
Q2 2024
+5.2%
Q3 2024
+2.7%
Q4 2024
-6.1%
Q1 2025
+12.4%
Q2 2025
+5.6%
Q3 2025
+2.4%
Q4 2025
-2.4%
Q1 2026
+11.1%
Sector allocation
Technology 36%
Industrials 13%
Consumer discretionary 12%
Utilities 7%
Healthcare 6%
Materials 6%
Financials 6%
Services media 6%
Long book by quarter
What does Covea Finance own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 420.4K | $155.6M | 5.4% | -1.6% |
| AAPL APPLE INC | Technology | 558.9K | $141.8M | 5.0% | -5.4% |
| GOOGL ALPHABET INC-CL A | Technology | 422.4K | $121.5M | 4.3% | -8.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 573.8K | $119.5M | 4.2% | +14.5% |
| NVDA NVIDIA CORP | Technology | 645.8K | $112.6M | 3.9% | -5.8% |
| AVGO BROADCOM INC | Technology | 225.9K | $69.9M | 2.4% | -3.5% |
| WMT WALMART INC | Consumer discretionary | 521.9K | $64.9M | 2.3% | -11.4% |
| CCJ CAMECO CORP | Materials | 592.8K | $64.4M | 2.3% | -20.3% |
| WM WASTE MANAGEMENT INC | Utilities | 231.7K | $53.2M | 1.9% | -6.4% |
| FNV FRANCO-NEVADA CORP | Materials | 203.9K | $50.4M | 1.8% | -2.1% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 98.2K | $48.3M | 1.7% | +1.7% |
| BAC BANK OF AMERICA CORP | Financials | 975.1K | $47.5M | 1.7% | +34.4% |
| NFLX NETFLIX INC | Services media | 474.5K | $45.6M | 1.6% | +4.0% |
| MSI MOTOROLA SOLUTIONS INC | Technology | 99.4K | $43.1M | 1.5% | -17.2% |
| AWK AMERICAN WATER WORKS CO INC | Utilities | 307.5K | $41.8M | 1.5% | +135.5% |
| GEV GE VERNOVA INC | Industrials | 47.3K | $41.3M | 1.4% | -23.2% |
| V VISA INC-CLASS A SHARES | Services media | 135.1K | $40.8M | 1.4% | -24.9% |
| EMR EMERSON ELECTRIC CO | Industrials | 302.6K | $39.6M | 1.4% | -8.2% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 84.9K | $39.1M | 1.4% | -2.3% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 110.2K | $38.0M | 1.3% | New |
| TJX TJX COMPANIES INC | Consumer discretionary | 228.8K | $36.5M | 1.3% | -5.2% |
| KEYS KEYSIGHT TECHNOLOGIES IN | Technology | 128.8K | $36.4M | 1.3% | +239.0% |
| ABT ABBOTT LABORATORIES | Healthcare | 340.9K | $35.0M | 1.2% | -7.6% |
| ADI ANALOG DEVICES INC | Technology | 106.7K | $33.9M | 1.2% | -4.7% |
| KO COCA-COLA CO/THE | Consumer staples | 438.5K | $33.3M | 1.2% | +10.5% |
| AXP AMERICAN EXPRESS CO | Financials | 107.1K | $32.4M | 1.1% | -0.9% |
| PANW PALO ALTO NETWORKS INC | Technology | 197.9K | $31.7M | 1.1% | +15.1% |
| HWM HOWMET AEROSPACE INC | Industrials | 135.7K | $31.3M | 1.1% | -41.3% |
| TDY TELEDYNE TECHNOLOGIES INC | Technology | 49.4K | $29.9M | 1.0% | -4.8% |
| XYL XYLEM INC | Industrials | 246.2K | $29.4M | 1.0% | +4.3% |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 88.6K | $29.0M | 1.0% | -17.1% |
| LOW LOWE'S COS INC | Consumer discretionary | 116.9K | $27.6M | 1.0% | +6.6% |
| LLY ELI LILLY & CO | Healthcare | 29.1K | $26.8M | 0.9% | -5.9% |
| CEG CONSTELLATION ENERGY | Utilities | 92.4K | $25.8M | 0.9% | -9.9% |
| AMAT APPLIED MATERIALS INC | Technology | 71.7K | $24.5M | 0.9% | New |
| BWXT BWX TECHNOLOGIES INC | Industrials | 119.0K | $24.3M | 0.9% | -14.8% |
| PH PARKER HANNIFIN CORP | Industrials | 26.9K | $24.0M | 0.8% | -12.9% |
| HUBB HUBBELL INC | Technology | 48.7K | $23.9M | 0.8% | -23.4% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 74.5K | $23.9M | 0.8% | +94.5% |
| CMS CMS ENERGY CORP | Utilities | 293.1K | $22.7M | 0.8% | +26.4% |
| CW CURTISS-WRIGHT CORP | Industrials | 31.6K | $21.5M | 0.8% | -13.0% |
| ROK ROCKWELL AUTOMATION INC | Other | 58.6K | $21.0M | 0.7% | -5.0% |
| NOW SERVICENOW INC | Technology | 193.4K | $20.2M | 0.7% | -17.0% |
| DHR DANAHER CORP | Technology | 103.0K | $19.5M | 0.7% | +7.3% |
| BKR BAKER HUGHES CO | Industrials | 317.9K | $19.4M | 0.7% | -18.0% |
| MS MORGAN STANLEY | Financials | 117.6K | $19.3M | 0.7% | -9.8% |
| JPM JPMORGAN CHASE & CO | Financials | 63.3K | $18.6M | 0.7% | -17.3% |
| MKC MCCORMICK & CO-NON VTG SHRS | Consumer staples | 365.7K | $18.4M | 0.6% | -3.7% |
| SOLS SOLSTICE ADV MATERIALS INC | Materials | 240.2K | $18.3M | 0.6% | -21.4% |
| AMD ADVANCED MICRO DEVICES | Technology | 89.8K | $18.3M | 0.6% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 15, 2026 | 146 | $2.86B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 7, 2026 | 128 | $3.03B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 16, 2025 | 122 | $2.87B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 15, 2025 | 119 | $2.69B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 22, 2025 | 114 | $2.18B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 14, 2025 | 106 | $2.22B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 10, 2024 | 107 | $2.28B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 16, 2024 | 105 | $2.18B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 19, 2024 | 106 | $2.12B | canonical | SEC ↗ |
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