LBP AM SA
Long book
$7.31B
Q1 2026
Positions
388
Top-10 weight
37%
concentration
Last quarter
+18.6%
SPY +14.8%
Turnover
28%
of book per quarter
Strategy in plain words
auto-generated from filingsLBP AM SA is an institutional manager, running a $7.31B US long book across 388 positions.
The portfolio is moderately concentrated (top 10 ≈ 37% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NVIDIA CORP, MICROSOFT CORP, AMAZON.COM INC, APPLE INC, VISA INC-CLASS A SHARES.
Over the last 9 quarters its long book ran on average 0.7pp per quarter ahead of the S&P 500, beating the index in 5 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
+5.2%
Q2 2024
+6.3%
Q3 2024
+4.3%
Q4 2024
-5.8%
Q1 2025
+15.5%
Q2 2025
+7.1%
Q3 2025
+2.2%
Q4 2025
-6.6%
Q1 2026
+18.6%
Sector allocation
Technology 42%
Services media 10%
Industrials 10%
Healthcare 9%
Consumer discretionary 9%
Financials 6%
Other 4%
Materials 3%
Long book by quarter
What does LBP AM own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 2.7M | $479.4M | 6.6% | -8.4% |
| MSFT MICROSOFT CORP | Technology | 1.2M | $456.4M | 6.2% | +3.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.9M | $392.1M | 5.4% | -7.9% |
| AAPL APPLE INC | Technology | 1.3M | $325.9M | 4.5% | -12.7% |
| V VISA INC-CLASS A SHARES | Services media | 779.2K | $235.5M | 3.2% | -3.1% |
| AVGO BROADCOM INC | Technology | 612.0K | $189.4M | 2.6% | +6.7% |
| LLY ELI LILLY & CO | Healthcare | 187.0K | $172.0M | 2.4% | -16.6% |
| MA MASTERCARD INC - A | Services media | 333.7K | $166.7M | 2.3% | -10.8% |
| GOOGL ALPHABET INC-CL A | Technology | 524.0K | $150.7M | 2.1% | +2.1% |
| LIN LINDE PLC | Materials | 247.1K | $122.5M | 1.7% | -15.1% |
| META META PLATFORMS INC-CLASS A | Technology | 195.8K | $112.0M | 1.5% | +0.4% |
| GOOG ALPHABET INC-CL C | Technology | 374.5K | $107.4M | 1.5% | -7.4% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 211.5K | $103.9M | 1.4% | -1.3% |
| TSLA TESLA INC | Industrials | 263.0K | $97.8M | 1.3% | +2.5% |
| AMD ADVANCED MICRO DEVICES | Technology | 447.7K | $91.1M | 1.2% | +8.0% |
| UBER UBER TECHNOLOGIES INC | Services media | 1.2M | $86.2M | 1.2% | -5.6% |
| TEL TE CONNECTIVITY PLC | Consumer discretionary | 397.1K | $83.0M | 1.1% | +35.2% |
| SYK STRYKER CORP | Healthcare | 232.5K | $76.4M | 1.0% | -3.4% |
| RTX RTX CORP | Industrials | 356.9K | $68.8M | 0.9% | -15.4% |
| NFLX NETFLIX INC | Services media | 691.4K | $66.5M | 0.9% | +137.6% |
| VRT VERTIV HOLDINGS CO-A | Technology | 229.2K | $57.4M | 0.8% | -54.5% |
| MU MICRON TECHNOLOGY INC | Technology | 160.1K | $54.1M | 0.7% | +77.6% |
| T AT&T INC | Communications | 1.8M | $50.9M | 0.7% | +64.3% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 100.5K | $46.3M | 0.6% | +186.7% |
| BAP CREDICORP LTD | Financials | 135.0K | $45.8M | 0.6% | +375.1% |
| ABBV ABBVIE INC | Healthcare | 204.3K | $44.4M | 0.6% | +34.1% |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 113.4K | $44.3M | 0.6% | +178.4% |
| VRTX VERTEX PHARMACEUTICALS INC | Healthcare | 99.0K | $44.2M | 0.6% | +47.3% |
| CSCO CISCO SYSTEMS INC | Technology | 562.0K | $43.6M | 0.6% | +8.6% |
| JNJ JOHNSON & JOHNSON | Healthcare | 178.0K | $43.5M | 0.6% | -10.8% |
| GEV GE VERNOVA INC | Industrials | 48.1K | $42.0M | 0.6% | -36.1% |
| JPM JPMORGAN CHASE & CO | Financials | 135.9K | $40.0M | 0.5% | +22.3% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 172.3K | $38.9M | 0.5% | +22.1% |
| CEG CONSTELLATION ENERGY | Utilities | 138.3K | $38.6M | 0.5% | +621.0% |
| NDAQ NASDAQ INC | Financials | 443.6K | $37.7M | 0.5% | +3.7% |
| ORCL ORACLE CORP | Technology | 252.6K | $37.2M | 0.5% | -27.9% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 101.0K | $34.9M | 0.5% | +6.2% |
| ECL ECOLAB INC | Other | 130.1K | $34.6M | 0.5% | +29.5% |
| CDNS CADENCE DESIGN SYS INC | Technology | 118.9K | $33.0M | 0.5% | -2.3% |
| MRVL MARVELL TECHNOLOGY INC | Technology | 330.3K | $32.7M | 0.4% | -30.2% |
| ETN EATON CORP PLC | Industrials | 91.5K | $32.7M | 0.4% | -16.8% |
| NEE NEXTERA ENERGY INC | Utilities | 348.5K | $32.4M | 0.4% | -27.4% |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 64.1K | $31.1M | 0.4% | +11.3% |
| MELI MERCADOLIBRE INC | Services media | 17.7K | $30.6M | 0.4% | -25.7% |
| NOW SERVICENOW INC | Technology | 284.4K | $29.7M | 0.4% | -9.5% |
| PANW PALO ALTO NETWORKS INC | Technology | 180.9K | $29.0M | 0.4% | -40.5% |
| KLAC KLA CORP | Other | 19.6K | $28.9M | 0.4% | +167.4% |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 210.6K | $27.6M | 0.4% | +75.7% |
| STXN SEAGATE TECHNOLOGY HOLDINGS | — | 66.0K | $25.9M | 0.4% | +9.9% |
| ANET ARISTA NETWORKS INC | Technology | 209.3K | $25.7M | 0.4% | +105.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 27, 2026 | 476 | $7.31B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 497 | $8.63B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 31, 2025 | 468 | $8.13B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 18, 2025 | 442 | $7.11B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 30, 2025 | 445 | $6.48B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 442 | $7.40B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 426 | $6.65B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 31, 2024 | 311 | $2.43B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 16, 2024 | 315 | $2.51B | canonical | SEC ↗ |
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