GROUPAMA ASSET MANAGMENT
Long book
$6.80B
Q1 2026
Positions
366
Top-10 weight
39%
concentration
Last quarter
+15.2%
SPY +14.8%
Turnover
23%
of book per quarter
Strategy in plain words
auto-generated from filingsGROUPAMA ASSET MANAGMENT is an institutional manager, running a $6.80B US long book across 366 positions.
The portfolio is moderately concentrated (top 10 ≈ 39% 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 9 quarters its long book ran on average 0.6pp per quarter ahead of the S&P 500, beating the index in 7 of 9 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
Q1 2024
+4.5%
Q2 2024
+2.0%
Q3 2024
+0.8%
Q4 2024
-4.1%
Q1 2025
+11.0%
Q2 2025
+11.4%
Q3 2025
+5.6%
Q4 2025
-1.2%
Q1 2026
+15.2%
Sector allocation
Technology 37%
Industrials 14%
Healthcare 12%
Financials 9%
Consumer discretionary 7%
Materials 6%
Other 4%
Energy 4%
Long book by quarter
What does GROUPAMA ASSET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 2.3M | $408.3M | 6.0% | -1.8% |
| MSFT MICROSOFT CORP | Technology | 1.0M | $386.8M | 5.7% | -1.2% |
| AAPL APPLE INC | Technology | 1.2M | $311.5M | 4.6% | -2.7% |
| GOOGL ALPHABET INC-CL A | Technology | 999.3K | $287.4M | 4.2% | +3.1% |
| AVGO BROADCOM INC | Technology | 854.6K | $264.5M | 3.9% | -1.4% |
| MU MICRON TECHNOLOGY INC | Technology | 669.5K | $226.2M | 3.3% | -13.4% |
| JPM JPMORGAN CHASE & CO | Financials | 733.0K | $215.6M | 3.2% | -3.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 972.1K | $202.5M | 3.0% | +3.3% |
| MSI MOTOROLA SOLUTIONS INC | Technology | 436.7K | $189.5M | 2.8% | +0.6% |
| AEM AGNICO EAGLE MINES LTD | Materials | 916.5K | $186.0M | 2.7% | -19.7% |
| RTX RTX CORP | Industrials | 839.3K | $161.9M | 2.4% | New |
| PH PARKER HANNIFIN CORP | Industrials | 175.0K | $156.7M | 2.3% | +5.3% |
| WMT WALMART INC | Consumer discretionary | 1.2M | $148.1M | 2.2% | -0.7% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 268.6K | $132.0M | 1.9% | -2.6% |
| XPO XPO INC | Industrials | 653.1K | $127.1M | 1.9% | +0.7% |
| AZN ASTRAZENECA PLC | Healthcare | 863.6K | $126.9M | 1.9% | New |
| BKR BAKER HUGHES CO | Industrials | 1.9M | $118.0M | 1.7% | +0.6% |
| META META PLATFORMS INC-CLASS A | Technology | 194.2K | $111.1M | 1.6% | -3.5% |
| TECK TECK RESOURCES LTD-CLS B | Materials | 2.1M | $109.1M | 1.6% | -0.5% |
| MRK MERCK & CO. INC. | Healthcare | 875.0K | $105.2M | 1.5% | -2.9% |
| GEV GE VERNOVA INC | Industrials | 119.6K | $104.4M | 1.5% | +2.0% |
| LLY ELI LILLY & CO | Healthcare | 95.4K | $87.7M | 1.3% | -2.2% |
| PANW PALO ALTO NETWORKS INC | Technology | 538.5K | $86.3M | 1.3% | +123.6% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 1.4M | $86.3M | 1.3% | +0.6% |
| TJX TJX COMPANIES INC | Consumer discretionary | 522.7K | $83.5M | 1.2% | -0.8% |
| HAL HALLIBURTON CO | Energy | 2.1M | $83.3M | 1.2% | +10.1% |
| CME CME GROUP INC | Financials | 268.9K | $79.4M | 1.2% | +16.2% |
| ETR ENTERGY CORP | Utilities | 695.8K | $78.2M | 1.1% | +5.1% |
| PG PROCTER & GAMBLE CO/THE | Other | 525.7K | $75.9M | 1.1% | -2.5% |
| TTE TOTALENERGIES SE | Energy | 922.5K | $74.6M | 1.1% | -2.5% |
| VRTX VERTEX PHARMACEUTICALS INC | Healthcare | 165.9K | $74.1M | 1.1% | +1.7% |
| NEE NEXTERA ENERGY INC | Utilities | 778.4K | $72.3M | 1.1% | +3.5% |
| IONS IONIS PHARMACEUTICALS INC | Healthcare | 824.5K | $61.9M | 0.9% | +7.5% |
| URI UNITED RENTALS INC | Services media | 84.0K | $61.2M | 0.9% | -0.5% |
| SRE SEMPRA | Utilities | 602.5K | $58.5M | 0.9% | -0.1% |
| FNV FRANCO-NEVADA CORP | Materials | 234.2K | $57.9M | 0.9% | +26.9% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 71.1K | $54.9M | 0.8% | -0.1% |
| T AT&T INC | Communications | 1.9M | $53.8M | 0.8% | +411.6% |
| C CITIGROUP INC | Financials | 472.7K | $53.6M | 0.8% | -1.4% |
| VLO VALERO ENERGY CORP | Energy | 211.6K | $52.3M | 0.8% | +34.7% |
| MET METLIFE INC | Financials | 710.5K | $50.2M | 0.7% | -2.8% |
| MS MORGAN STANLEY | Financials | 293.4K | $48.3M | 0.7% | +1.0% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 224.7K | $46.7M | 0.7% | -9.3% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 188.8K | $42.7M | 0.6% | -2.3% |
| TSLA TESLA INC | Industrials | 98.3K | $36.5M | 0.5% | -9.4% |
| KO COCA-COLA CO/THE | Consumer staples | 451.7K | $34.4M | 0.5% | -2.1% |
| ABBV ABBVIE INC | Healthcare | 156.2K | $34.0M | 0.5% | -2.3% |
| NFLX NETFLIX INC | Services media | 313.5K | $30.1M | 0.4% | +422.7% |
| LRCX LAM RESEARCH CORP | Industrials | 136.8K | $29.2M | 0.4% | +18.9% |
| SLB SLB LTD | Energy | 518.1K | $26.6M | 0.4% | -2.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 22, 2026 | 395 | $6.85B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 27, 2026 | 437 | $6.83B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Dec 1, 2025 | 468 | $6.82B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 406 | $6.04B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 405 | $5.01B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 439 | $4.89B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 15, 2024 | 726 | $3.85B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 489 | $7.37B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 578 | $5.49B | canonical | SEC ↗ |
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