CREDIT AGRICOLE S A

Diversified mechanical Mechanical CIK 1191672
League rank
#55
in Diversified mechanical · #1613 overall
Long book
$30.59B
Q1 2026
Positions
1079
Top-10 weight
42%
concentration
Last quarter
+14.9%
SPY +14.8%
Turnover
18%
of book per quarter

Strategy in plain words

auto-generated from filings

CREDIT AGRICOLE S A is a mechanically diversified allocator, running a $30.59B US long book across 1079 positions.

The portfolio is moderately concentrated (top 10 ≈ 42% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, MICROSOFT CORP, APPLE INC, ALPHABET INC-CL A, BROADCOM INC.

Over the last 8 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 2 of 8 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
+2.6%
Q2 2024
+4.0%
Q3 2024
+1.7%
Q4 2024
-5.9%
Q1 2025
+12.0%
Q3 2025
+1.6%
Q4 2025
-5.9%
Q1 2026
+14.9%

Sector allocation

Technology
47%
Financials
11%
Industrials
9%
Healthcare
8%
Consumer discretionary
7%
Services media
6%
Energy
4%
Other
3%

Long book by quarter

$5.85B
Q1 2024
$16.30B
Q2 2024
$19.06B
Q3 2024
$29.51B
Q4 2024
$26.52B
Q1 2025
$30.17B
Q3 2025
$36.29B
Q4 2025
$30.59B
Q1 2026

What does CREDIT AGRICOLE own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology15.3M$2.67B8.7%+2.6%
MSFT MICROSOFT CORPTechnology5.5M$2.03B6.6%-7.3%
AAPL APPLE INCTechnology6.5M$1.66B5.4%-11.0%
GOOGL ALPHABET INC-CL ATechnology4.5M$1.30B4.2%-6.8%
AVGO BROADCOM INCTechnology4.0M$1.22B4.0%+7.4%
AMZN AMAZON.COM INCConsumer discretionary5.2M$1.09B3.6%-13.0%
TTE TOTALENERGIES SEEnergy9.1M$824.0M2.7%New
JPM JPMORGAN CHASE & COFinancials2.5M$736.3M2.4%-8.5%
META META PLATFORMS INC-CLASS ATechnology1.2M$663.9M2.2%-10.9%
AZN ASTRAZENECA PLCHealthcare3.0M$587.2M1.9%New
GOOG ALPHABET INC-CL CTechnology1.8M$530.4M1.7%-23.6%
MA MASTERCARD INC - AServices media965.1K$482.2M1.6%-3.8%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials881.9K$422.6M1.4%+20.4%
MU MICRON TECHNOLOGY INCTechnology1.0M$338.2M1.1%+36.9%
TSLA TESLA INCIndustrials832.0K$309.3M1.0%-47.8%
ADI ANALOG DEVICES INCTechnology967.8K$307.9M1.0%-21.5%
AMAT APPLIED MATERIALS INCTechnology883.3K$301.9M1.0%-15.8%
LLY ELI LILLY & COHealthcare275.9K$253.8M0.8%-11.4%
NFLX NETFLIX INCServices media2.6M$248.9M0.8%-28.4%
UNH UNITEDHEALTH GROUP INCFinancials838.0K$226.7M0.7%-1.3%
ABBV ABBVIE INCHealthcare897.5K$195.2M0.6%-2.5%
RACE FERRARI NVIndustrials565.0K$191.2M0.6%0.0%
CSCO CISCO SYSTEMS INCTechnology2.3M$176.8M0.6%-12.1%
FER FERROVIAL NVIndustrials2.7M$174.7M0.6%+4.6%
ORCL ORACLE CORPTechnology1.2M$169.5M0.6%-20.7%
WMT WALMART INCConsumer discretionary1.3M$159.2M0.5%-41.6%
UBER UBER TECHNOLOGIES INCServices media2.2M$159.1M0.5%+3.6%
V VISA INC-CLASS A SHARESServices media522.8K$158.0M0.5%-34.2%
TMO THERMO FISHER SCIENTIFIC INCOther316.8K$155.7M0.5%-39.8%
CRM SALESFORCE INCTechnology827.3K$154.4M0.5%-1.0%
BAC BANK OF AMERICA CORPFinancials2.8M$138.1M0.5%-33.0%
LMT LOCKHEED MARTIN CORPIndustrials223.3K$135.0M0.4%+74.2%
NOW SERVICENOW INCTechnology1.2M$128.8M0.4%-12.3%
IBM INTL BUSINESS MACHINES CORPTechnology528.7K$128.2M0.4%+136.5%
BSX BOSTON SCIENTIFIC CORPHealthcare2.0M$126.9M0.4%-7.0%
ABT ABBOTT LABORATORIESHealthcare1.2M$125.2M0.4%-10.3%
JNJ JOHNSON & JOHNSONHealthcare511.9K$125.1M0.4%-22.2%
SYK STRYKER CORPHealthcare369.3K$121.4M0.4%-26.4%
CAT CATERPILLAR INCIndustrials170.2K$120.6M0.4%-15.3%
ETN EATON CORP PLCIndustrials318.2K$113.8M0.4%-15.9%
MCD MCDONALD'S CORPConsumer discretionary358.1K$111.3M0.4%-23.7%
KO COCA-COLA CO/THEConsumer staples1.5M$110.9M0.4%-34.9%
LIN LINDE PLCMaterials218.3K$108.2M0.4%+60.4%
AXP AMERICAN EXPRESS COFinancials356.2K$107.8M0.4%-2.1%
SPGI S&P GLOBAL INCServices media251.1K$106.8M0.3%-23.5%
BLK BLACKROCK INCFinancials104.4K$100.4M0.3%-13.7%
PLTR PALANTIR TECHNOLOGIES INC-ATechnology681.7K$99.7M0.3%+108.9%
PANW PALO ALTO NETWORKS INCTechnology611.5K$98.0M0.3%-5.6%
TJX TJX COMPANIES INCConsumer discretionary612.8K$97.9M0.3%+3.3%
ISRG INTUITIVE SURGICAL INCHealthcare208.7K$96.2M0.3%+50.4%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20262907$38.09B canonicalSEC ↗
Q4 202513F-HRFeb 17, 20262791$44.04B canonicalSEC ↗
Q3 202513F-HRNov 14, 20252864$37.73B canonicalSEC ↗
Q1 202513F-HRMay 14, 20253044$31.84B canonicalSEC ↗
Q4 202413F-HRFeb 14, 20253052$34.13B canonicalSEC ↗
Q3 202413F-HRNov 14, 20242937$23.28B canonicalSEC ↗
Q2 202413F-HRAug 13, 20242493$18.62B canonicalSEC ↗
Q1 202413F-HRMay 14, 20241575$9.30B canonicalSEC ↗