GROUPAMA ASSET MANAGMENT

CIK

1055969

Location

PARIS, I0

Portfolio Value

Mid $6,846,735,234

Diversification

Diversified

Filing Date

Global Rank

#531 / 8,603 ▲ 22 · as of Mar 2026

Top Industry

Semiconductors 13.7%

3Y Alpha vs SPY

-13.8%

Period ended 3 months ago

Filed May 22, 2026 · 48d

10 quarters · since Dec 2023

Clone Performance

Feb 2024–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+14.5%

SPY

+53.6%

Annualised alpha

-13.8%

Max drawdown

−24.4%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

364 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

6.0%

−1.7 pts

Top 5

24.2%

−4.1 pts

Top 10

39.1%

−4.8 pts

HHI

235

Diversified−38

Portfolio Trend

10 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	30.0%	$2,052,123,572	64
Healthcare	14.7%	$1,006,680,144	55
Industrials	11.1%	$762,859,689	53
Financial Services	9.4%	$646,103,890	51
Communication Services	7.6%	$522,387,373	15
Basic Materials	6.4%	$438,521,410	22
Consumer Cyclical	6.1%	$414,234,086	38
Energy	5.7%	$389,755,339	16
Consumer Defensive	4.3%	$293,809,535	23
Utilities	3.2%	$216,562,322	10
Real Estate	1.5%	$103,697,874	17

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
T	At&T Inc.	+1,493,831	1,856,730	$53,826,602
STLA	Stellantis N.V.	+728,301	964,571	$6,838,808
PANW	Palo Alto Networks Inc	+290,170	538,549	$86,340,175
NFLX	Netflix Inc	+253,553	313,533	$30,146,197
HAL	Halliburton Co	+195,777	2,137,708	$83,349,234
UBS	UBS Group AG	+134,767	288,118	$11,256,770
CP	Canadian Pacific Kansas City Ltd/Cn	+62,581	185,962	$14,627,770
IONS	Ionis Pharmaceuticals Inc	+57,651	824,540	$61,914,708
DNLI	Denali Therapeutics Inc.	+55,539	207,130	$3,976,896
VLO	Valero Energy Corp/Tx	+54,523	211,607	$52,283,857
FNV	FRANCO NEVADA Corp	+49,600	234,241	$57,869,239
AGI	Alamos Gold Inc	+44,899	499,286	$22,183,276
CME	Cme Group Inc.	+37,526	268,871	$79,411,049
SCI	Service Corp International	+37,037	166,382	$13,728,178
ETR	Entergy Corp /De/	+33,493	695,812	$78,181,436
AMZN	Amazon Com Inc	+31,043	972,130	$202,465,515
GOOGL	Alphabet Inc.	+30,417	999,305	$287,360,145
KEY	Keycorp /New/	+29,467	58,465	$1,172,223
NEE	Nextera Energy Inc	+26,631	778,379	$72,295,841
LRCX	Lam Research Corp	+21,749	136,822	$29,233,388
CSCO	Cisco Systems, Inc.	+20,074	149,572	$11,605,291
WFC	Wells Fargo & Company/Mn	+16,511	163,490	$13,015,438
MDLZ	Mondelez International, Inc.	+11,846	37,964	$2,188,244
LVS	Las Vegas Sands Corp	+11,369	20,418	$1,100,121
BKR	Baker Hughes Co	+11,297	1,932,305	$117,967,220
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
TMUS	T-Mobile US, Inc.	−291,713	39,319	$8,258,169
BAC	Bank Of America Corp /De/	−231,832	193,462	$9,431,272
AEM	Agnico Eagle Mines Ltd	−225,489	916,470	$186,025,080
MU	Micron Technology Inc	−103,676	669,496	$226,182,528
TTE	TotalEnergies SE	−55,240	1,036,737	$94,322,332
CMCSA	Comcast Corp	−49,929	57,206	$1,642,384
NVDA	Nvidia Corp	−43,209	2,341,401	$408,340,334
TECK	Teck Resources Ltd	−35,681	2,098,372	$108,590,751
AAPL	Apple Inc.	−34,313	1,227,358	$311,491,186
RACE	Ferrari N.V.	−28,732	75,106	$25,419,625
SCHW	Schwab Charles Corp	−28,634	17,676	$1,661,190
JPM	Jpmorgan Chase & Co	−27,014	733,012	$215,622,809
MRK	Merck & Co., Inc.	−25,823	874,963	$105,249,299
KMI	Kinder Morgan, Inc.	−25,762	60,778	$2,037,886
NOW	ServiceNow, Inc.	−24,865	37,385	$3,908,601
NEM	NEWMONT Corp /DE/	−24,615	46,735	$5,059,063
HST	Host Hotels & Resorts, Inc.	−23,778	47,769	$915,254
CL	Colgate Palmolive Co	−23,585	2,464	$210,006
PNC	Pnc Financial Services Group, Inc.	−23,004	224,652	$46,747,834
FAST	Fastenal Co	−22,056	6,344	$294,361
MICC	Magnum Ice Cream Co N.V.	−21,546	13,898	$207,775
MET	Metlife Inc	−20,323	710,543	$50,249,600
DB	Deutsche Bank Aktiengesellschaft	−19,979	127,771	$3,805,020
NDAQ	Nasdaq, Inc.	−19,779	45,399	$3,853,921
SW	Smurfit Westrock plc	−18,997	564,888	$22,510,786
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AZN	Astrazeneca PLC	863,629	$170,324,911
RTX	RTX Corp	839,280	$161,897,112
SUNB	Sunbelt Rentals Holdings, Inc.	97,185	$6,325,771
PWR	Quanta Services, Inc.	6,448	$3,540,080
FTNT	Fortinet, Inc.	23,701	$1,936,845
EW	Edwards Lifesciences Corp	16,690	$1,336,535
USB	US Bancorp De	17,543	$912,411
SBAC	Sba Communications Corp	5,187	$892,734
COR	Cencora, Inc.	2,837	$891,215
UBER	Uber Technologies, Inc	12,153	$874,165
IEX	Idex Corp /De/	4,310	$816,960
VRSN	Verisign Inc/Ca	3,277	$813,875
TRV	Travelers Companies, Inc.	2,614	$762,451
EME	EMCOR Group, Inc.	839	$619,442
ERIE	Erie Indemnity Co	2,459	$617,971
SYY	Sysco Corp	8,592	$612,867
FIX	Comfort Systems USA Inc	430	$592,965
APP	AppLovin Corp	1,438	$572,324
BA	Boeing Co	2,515	$500,560
QGEN	Qiagen N.V.	12,500	$500,500
YUM	Yum Brands Inc	3,070	$477,323
GL	Globe Life Inc.	3,347	$465,801
BX	Blackstone Inc.	3,962	$455,590
FIS	Fidelity National Information Services, Inc.	9,139	$428,710
AVY	Avery Dennison Corp	2,457	$424,274
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
HUBS	Hubspot Inc	64,729	$25,975,747
XYL	Xylem Inc.	25,879	$3,524,202
DOV	DOVER Corp	9,528	$1,860,246
COIN	Coinbase Global, Inc.	8,143	$1,841,458
PFG	Principal Financial Group Inc	19,689	$1,736,766
L	Loews Corp	15,550	$1,637,570
OMC	Omnicom Group Inc.	18,401	$1,485,880
ASX	ASE Technology Holding Co., Ltd.	81,792	$1,316,851
STE	STERIS plc	4,260	$1,079,995
CCI	Crown Castle Inc.	11,929	$1,060,130
BALL	BALL Corp	19,821	$1,049,918
VLTO	Veralto Corp	10,475	$1,045,195
KKR	KKR & Co. Inc.	8,116	$1,034,627
VTR	Ventas, Inc.	12,794	$989,999
LII	Lennox International Inc	2,037	$989,126
TXT	Textron Inc	11,278	$983,103
TRMB	Trimble Inc.	11,479	$899,379
EQR	Equity Residential	14,057	$886,153
HII	Huntington Ingalls Industries, Inc.	2,304	$783,521
RDY	Dr Reddys Laboratories Ltd	55,419	$778,082
GEHC	GE HealthCare Technologies Inc.	7,960	$652,879
PAYX	Paychex Inc	5,513	$618,448
IVZ	Invesco Ltd.	22,622	$594,279
CMG	Chipotle Mexican Grill Inc	15,596	$577,052
JBL	Jabil Inc	2,476	$564,577
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

364 positions · $6,846,735,234 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 364 positions by value · page 1 of 8

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	2,341,401	-43,209	$408,340,334	−8.2%	5.96%
MSFT	Microsoft Corp Technology	Reduced	1,044,807	-12,357	$386,756,207	−24.4%	5.65%
AAPL	Apple Inc. Technology	Reduced	1,227,358	-34,313	$311,491,186	−9.2%	4.55%
GOOGL	Alphabet Inc. Communication Services	Added	999,305	+30,417	$287,360,145	−5.2%	4.20%
AVGO	Broadcom Inc. Technology	Reduced	854,556	-12,199	$264,493,627	−11.8%	3.86%
MU	Micron Technology Inc Technology	Reduced	669,496	-103,676	$226,182,528	+2.5%	3.30%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	733,012	-27,014	$215,622,809	−12.0%	3.15%
AMZN	Amazon Com Inc Consumer Cyclical	Added	972,130	+31,043	$202,465,515	−6.8%	2.96%
MSI	Motorola Solutions, Inc. Technology	Added	436,658	+2,819	$189,496,472	+13.9%	2.77%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	916,470	-225,489	$186,025,080	−3.9%	2.72%
AZN	Astrazeneca PLC Healthcare	NEW	863,629	NEW	$170,324,911	NEW	2.49%
RTX	RTX Corp Industrials	NEW	839,280	NEW	$161,897,112	NEW	2.36%
PH	Parker-Hannifin Corp Industrials	Added	174,992	+8,773	$156,659,838	+7.2%	2.29%
WMT	Walmart Inc. Consumer Defensive	Reduced	1,191,317	-8,388	$148,056,876	+10.8%	2.16%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	268,550	-7,028	$132,000,381	−17.3%	1.93%
XPO	XPO, Inc. Industrials	Added	653,083	+4,607	$127,057,297	+44.2%	1.86%
BKR	Baker Hughes Co Energy	Added	1,932,305	+11,297	$117,967,220	+34.8%	1.72%
META	Meta Platforms, Inc. Communication Services	Reduced	194,182	-7,039	$111,097,347	−16.4%	1.62%
TECK	Teck Resources Ltd Basic Materials	Reduced	2,098,372	-35,681	$108,590,751	+6.3%	1.59%
MRK	Merck & Co., Inc. Healthcare	Reduced	874,963	-25,823	$105,249,299	+11.0%	1.54%
GEV	GE Vernova Inc. Industrials	Added	119,648	+2,340	$104,440,739	+36.2%	1.53%
TTE	TotalEnergies SE Energy	Reduced	1,036,737	-55,240	$94,322,332	+32.0%	1.38%
LLY	ELI LILLY & Co Healthcare	Reduced	95,376	-2,180	$87,723,983	−16.3%	1.28%
PANW	Palo Alto Networks Inc Technology	Added	538,549	+290,170	$86,340,175	+88.7%	1.26%
BSX	Boston Scientific Corp Healthcare	Added	1,375,261	+8,356	$86,297,627	−33.8%	1.26%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Reduced	522,685	-4,249	$83,472,794	+3.1%	1.22%
HAL	Halliburton Co Energy	Added	2,137,708	+195,777	$83,349,234	+51.9%	1.22%
CME	Cme Group Inc. Financial Services	Added	268,871	+37,526	$79,411,049	+25.7%	1.16%
ETR	Entergy Corp /De/ Utilities	Added	695,812	+33,493	$78,181,436	+27.7%	1.14%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	525,655	-13,659	$75,925,608	−1.8%	1.11%
VRTX	Vertex Pharmaceuticals Inc / Ma Healthcare	Added	165,897	+2,753	$74,079,646	+0.2%	1.08%
NEE	Nextera Energy Inc Utilities	Added	778,379	+26,631	$72,295,841	+19.8%	1.06%
IONS	Ionis Pharmaceuticals Inc Healthcare	Added	824,540	+57,651	$61,914,708	+2.1%	0.90%
URI	United Rentals, Inc. Industrials	Reduced	83,979	-463	$61,183,740	−10.5%	0.89%
SRE	Sempra Utilities	Reduced	602,468	-663	$58,541,815	+9.9%	0.86%
FNV	FRANCO NEVADA Corp Basic Materials	Added	234,241	+49,600	$57,869,239	+51.2%	0.85%
REGN	Regeneron Pharmaceuticals, Inc. Healthcare	Reduced	71,102	-80	$54,936,249	−0.0%	0.80%
T	At&T Inc. Communication Services	Added	1,856,730	+1,493,831	$53,826,602	+497.1%	0.79%
C	Citigroup Inc Financial Services	Reduced	472,683	-6,833	$53,606,979	−4.2%	0.78%
VLO	Valero Energy Corp/Tx Energy	Added	211,607	+54,523	$52,283,857	+104.5%	0.76%
MET	Metlife Inc Financial Services	Reduced	710,543	-20,323	$50,249,600	−12.9%	0.73%
MS	Morgan Stanley Financial Services	Added	293,381	+2,871	$48,281,711	−6.4%	0.71%
PNC	Pnc Financial Services Group, Inc. Financial Services	Reduced	224,652	-23,004	$46,747,834	−9.6%	0.68%
HON	Honeywell International Inc Industrials	Reduced	188,791	-4,529	$44,753,472	+13.1%	0.65%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	98,292	-10,210	$36,540,051	−25.1%	0.53%
WELL	Welltower Inc. Real Estate	Reduced	176,657	-846	$34,926,855	+6.0%	0.51%
KO	Coca Cola Co Consumer Defensive	Reduced	451,749	-9,465	$34,355,511	+6.6%	0.50%
EQIX	Equinix Inc Real Estate	Added	35,007	+1,122	$34,315,261	+32.2%	0.50%
ABBV	AbbVie Inc. Healthcare	Reduced	156,150	-3,644	$33,961,063	−7.0%	0.50%
NFLX	Netflix Inc Communication Services	Added	313,533	+253,553	$30,146,197	+436.1%	0.44%