AXA Investment Managers S.A.

CIK

1826635

Location

PUTEAUX, I0

Portfolio Value

Mid $1,090,623,144

Diversification

Diversified

Filing Date

Sep 30, 2025

Global Rank

#186 / 7,983

Top Industry

Semiconductors 13.6%

3Y Alpha vs SPY

-13.3%

Period ended 9 months ago

Filed Nov 14, 2025 · 7mo

Clone Performance

Nov 2025–Jun 2026 · vs SPY

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

Cloned portfolio

+6.0%

SPY

+13.2%

Annualised alpha

-13.0%

Max drawdown

−10.8%

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

1,108 positions · as of Sep 30, 2025

Top Position

7.5%

of portfolio value

Top 5

24.3%

of portfolio value

Top 10

32.1%

of portfolio value

HHI

170

Diversified

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Technology	39.5%	$13,899,294,319	208
Healthcare	11.5%	$4,032,235,746	147
Consumer Cyclical	11.2%	$3,931,683,193	123
Financial Services	9.8%	$3,455,645,364	162
Industrials	9.3%	$3,286,278,422	160
Communication Services	6.3%	$2,205,450,369	49
Consumer Defensive	4.3%	$1,506,515,102	56
Basic Materials	3.1%	$1,090,623,144	54
Real Estate	2.7%	$960,070,687	70
Utilities	1.0%	$361,731,987	33
Energy	0.9%	$333,335,022	43
Unclassified	0.3%	$99,463,008	3

Portfolio Positions

Compact Export CSV View 13F filing

54 positions · $1,090,623,144 total · Basic Materials only · as of Sep 30, 2025

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

Showing 1–50 of 54 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
LIN	Linde PLC Basic Materials	First	560,524	—	$266,248,900	—	24.41%
ECL	Ecolab Inc. Basic Materials	First	523,991	—	$143,500,173	—	13.16%
NEM	NEWMONT Corp /DE/ Basic Materials	First	1,641,832	—	$138,422,854	—	12.69%
SHW	Sherwin Williams Co Basic Materials	First	340,103	—	$117,764,063	—	10.80%
AEM	Agnico Eagle Mines Ltd Basic Materials	First	426,671	—	$71,919,663	—	6.59%
WPM	Wheaton Precious Metals Corp. Basic Materials	First	392,749	—	$43,925,047	—	4.03%
CTVA	Corteva, Inc. Basic Materials	First	574,165	—	$38,830,777	—	3.56%
KGC	Kinross Gold Corp Basic Materials	First	1,384,159	—	$34,396,350	—	3.15%
B	Barrick Mining Corp Basic Materials	First	950,455	—	$31,146,410	—	2.86%
PPG	Ppg Industries Inc Basic Materials	First	254,978	—	$26,800,736	—	2.46%
FNV	FRANCO NEVADA Corp Basic Materials	First	112,699	—	$25,121,733	—	2.30%
AU	AngloGold Ashanti PLC Basic Materials	First	276,768	—	$19,465,093	—	1.78%
CRH	Crh Public Ltd Co Basic Materials	First	134,883	—	$16,172,471	—	1.48%
CF	CF Industries Holdings, Inc. Basic Materials	First	167,301	—	$15,006,898	—	1.38%
RS	Reliance, Inc. Basic Materials	First	34,824	—	$9,779,623	—	0.90%
PAAS	Pan American Silver Corp Basic Materials	First	230,231	—	$8,916,846	—	0.82%
AGI	Alamos Gold Inc Basic Materials	First	235,214	—	$8,199,560	—	0.75%
AA	Alcoa Corp Basic Materials	First	248,517	—	$8,173,723	—	0.75%
DD	DuPont de Nemours, Inc. Basic Materials	First	247,130	—	$8,054,978	—	0.74%
HBM	Hudbay Minerals Inc. Basic Materials	First	433,978	—	$6,579,106	—	0.60%
AXTA	Axalta Coating Systems Ltd. Basic Materials	First	217,729	—	$6,231,403	—	0.57%
FMC	Fmc Corp Basic Materials	First	161,223	—	$5,421,928	—	0.50%
SBSW	Sibanye Stillwater Ltd Basic Materials	First	422,521	—	$4,749,136	—	0.44%
NTR	Nutrien Ltd. Basic Materials	First	70,204	—	$4,121,675	—	0.38%
CGAU	Centerra Gold Inc. Basic Materials	First	379,576	—	$4,072,850	—	0.37%
FCX	Freeport-Mcmoran Inc Basic Materials	First	93,643	—	$3,672,678	—	0.34%
NGVT	Ingevity Corp Basic Materials	First	58,894	—	$3,250,359	—	0.30%
GGB	Gerdau S.A. Basic Materials	First	1,024,392	—	$3,175,615	—	0.29%
DOW	Dow Inc. Basic Materials	First	120,836	—	$2,770,768	—	0.25%
MLM	Martin Marietta Materials Inc Basic Materials	First	4,101	—	$2,584,776	—	0.24%
MOS	Mosaic Co Basic Materials	First	71,753	—	$2,488,393	—	0.23%
ASH	Ashland Inc. Basic Materials	First	41,000	—	$1,964,310	—	0.18%
CX	Cemex Sab De CV Basic Materials	First	138,569	—	$1,245,735	—	0.11%
GFI	Gold Fields Ltd Basic Materials	First	29,364	—	$1,232,113	—	0.11%
LYB	LyondellBasell Industries N.V. Basic Materials	First	20,412	—	$1,001,003	—	0.09%
IFF	International Flavors & Fragrances Inc Basic Materials	First	11,212	—	$689,986	—	0.06%
EMN	Eastman Chemical Co Basic Materials	First	7,315	—	$461,210	—	0.04%
TECK	Teck Resources Ltd Basic Materials	First	8,076	—	$354,455	—	0.03%
MEOH	Methanex Corp Basic Materials	First	8,723	—	$346,826	—	0.03%
USLM	United States Lime & Minerals Inc Basic Materials	First	2,319	—	$305,064	—	0.03%
BHP	BHP Group Ltd Basic Materials	First	5,240	—	$292,130	—	0.03%
EGO	Eldorado Gold Corp /Fi Basic Materials	First	9,711	—	$280,550	—	0.03%
SVM	Silvercorp Metals Inc Basic Materials	First	34,042	—	$215,145	—	0.02%
ALB	Albemarle Corp Basic Materials	First	2,610	—	$211,618	—	0.02%
SCCO	Southern Copper Corp/ Basic Materials	First	1,685	—	$201,258	—	0.02%
VMC	Vulcan Materials CO Basic Materials	First	573	—	$176,266	—	0.02%
NUE	Nucor Corp Basic Materials	First	1,027	—	$139,086	—	0.01%
SXC	SunCoke Energy, Inc. Basic Materials	First	16,006	—	$130,608	—	0.01%
OEC	Orion S.A. Basic Materials	First	14,046	—	$106,468	—	0.01%
STLD	Steel Dynamics Inc Basic Materials	First	655	—	$91,325	—	0.01%