Banque de Luxembourg S.A.

CIK

2055344

Location

LUXEMBOURG, N4

Portfolio Value

Small $188,868,618

Diversification

Diversified

Filing Date

Global Rank

#4,294 / 8,603 ▼ 123 · as of Mar 2026

Top Industry

Software - Infrastructure 13.3%

3Y Alpha vs SPY

-9.4%

Period ended 3 months ago

Filed Apr 14, 2026 · 3mo

6 quarters · since Dec 2024

Clone Performance

Feb 2025–Jul 2026 · vs SPY

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

Cloned portfolio

+11.0%

SPY

+24.4%

Annualised alpha

-9.2%

Max drawdown

−18.1%

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

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

Top Position

12.0%

+0.1 pts

Top 5

44.2%

−0.0 pts

Top 10

67.2%

−1.4 pts

HHI

582

Diversified−21

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	29.9%	$56,420,826	15
Healthcare	14.3%	$26,937,079	15
Communication Services	12.6%	$23,833,469	5
Unclassified	12.0%	$22,611,021	1
Financial Services	11.0%	$20,719,583	9
Energy	7.8%	$14,681,484	2
Consumer Cyclical	6.5%	$12,183,089	7
Industrials	3.8%	$7,082,736	7
Consumer Defensive	1.5%	$2,796,829	8
Basic Materials	0.8%	$1,526,904	3
Utilities	0.0%	$75,598	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

18 positions

Ticker	Company	Δ Shares	Shares	Value
CNI	Canadian National Railway Co	+30,765	31,889	$3,277,232
BDX	Becton Dickinson & Co	+6,767	32,489	$5,108,245
MSFT	Microsoft Corp	+1,230	43,920	$16,257,866
MCD	Mcdonalds Corp	+971	1,677	$521,194
NVDA	Nvidia Corp	+536	26,782	$4,670,780
AVGO	Broadcom Inc.	+492	2,971	$919,554
PG	PROCTER & GAMBLE Co	+439	9,439	$1,363,369
LW	Lamb Weston Holdings, Inc.	+368	779	$32,920
META	Meta Platforms, Inc.	+311	1,450	$829,588
BABA	Alibaba Group Holding Ltd	+241	1,019	$127,843
JPM	Jpmorgan Chase & Co	+204	2,588	$761,286
LIN	Linde PLC	+186	1,436	$711,911
ZTS	Zoetis Inc.	+175	3,130	$369,997
BLK	BlackRock, Inc.	+171	597	$574,140
XYL	Xylem Inc.	+107	600	$71,700
DHR	Danaher Corp /De/	+73	6,016	$1,140,633
LLY	ELI LILLY & Co	+72	538	$494,836
FSLR	First Solar, Inc.	+45	424	$83,638
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CMCSA	Comcast Corp	−92,030	10,376	$297,894
CSCO	Cisco Systems, Inc.	−31,182	46,043	$3,572,476
GOOGL	Alphabet Inc.	−10,970	69,181	$19,893,688
MDT	Medtronic plc	−10,554	96,681	$8,377,408
TTE	TotalEnergies SE	−7,416	157,800	$14,356,644
MICC	Magnum Ice Cream Co N.V.	−4,095	11,073	$165,541
ICLR	Icon PLC	−3,925	13,187	$1,459,273
NKE	NIKE, Inc.	−2,573	20,912	$1,104,571
AMZN	Amazon Com Inc	−1,554	48,726	$10,148,164
BSX	Boston Scientific Corp	−1,500	11,606	$728,276
ACN	Accenture plc	−1,116	43,433	$8,612,329
UBER	Uber Technologies, Inc	−1,089	4,887	$351,521
AAPL	Apple Inc.	−1,038	37,970	$9,636,406
ALLE	Allegion plc	−947	21,347	$3,101,505
BAC	Bank Of America Corp /De/	−917	1,188	$57,915
V	Visa Inc.	−678	34,540	$10,439,369
BUD	Anheuser-Busch InBev SA/NV	−523	1,043	$72,352
UNH	Unitedhealth Group Inc	−509	24,210	$6,550,983
MA	Mastercard Inc	−486	418	$208,857
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−473	1,377	$465,357
SNPS	Synopsys Inc	−419	14,008	$5,553,891
CRM	Salesforce, Inc.	−348	112	$20,907
SPGI	S&P Global Inc.	−287	15,567	$6,264,207
ADI	Analog Devices Inc	−286	17,318	$5,509,548
BRK-B	Berkshire Hathaway Inc	−240	2,517	$1,206,146
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
DIS	Walt Disney Co	29,167	$2,811,115
AZN	Astrazeneca PLC	5,328	$1,050,788
TSLA	Tesla, Inc.	139	$51,673
VSNT	Versant Media Group, Inc.	32	$1,184
No positions match the current search.

Sold Out

Positions the filer fully exited

16 positions

Ticker	Company	Shares	Value
KKR	KKR & Co. Inc.	3,003	$382,822
MRVL	Marvell Technology, Inc.	4,379	$372,127
ROK	Rockwell Automation, Inc	547	$212,821
QCOM	Qualcomm Inc/De	1,197	$204,746
ECL	Ecolab Inc.	500	$131,260
IEX	Idex Corp /De/	700	$124,558
ELV	Elevance Health, Inc.	310	$108,670
SLB	Slb Limited/Nv	2,691	$103,280
CCU	United Breweries Co Inc	6,623	$84,509
PYPL	PayPal Holdings, Inc.	1,095	$63,926
KOF	Coca Cola Femsa Sab De CV	547	$51,806
YUMC	Yum China Holdings, Inc.	1,000	$47,740
LKQ	Lkq Corp	1,568	$47,353
YMM	Full Truck Alliance Co. Ltd.	4,138	$44,400
ADP	Automatic Data Processing Inc	120	$30,867
BKNG	Booking Holdings Inc.	27	$5,783
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

73 positions · $188,868,618 total · as of Mar 31, 2026

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

Showing 1–50 of 73 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Held	34,768	0	$22,611,021	−4.6%	11.97%
GOOGL	Alphabet Inc. Communication Services	Reduced	69,181	-10,970	$19,893,688	−20.7%	10.53%
MSFT	Microsoft Corp Technology	Added	43,920	+1,230	$16,257,866	−21.3%	8.61%
TTE	TotalEnergies SE Energy	Reduced	157,800	-7,416	$14,356,644	+32.8%	7.60%
V	Visa Inc. Financial Services	Reduced	34,540	-678	$10,439,369	−15.5%	5.53%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	48,726	-1,554	$10,148,164	−12.6%	5.37%
AAPL	Apple Inc. Technology	Reduced	37,970	-1,038	$9,636,406	−9.1%	5.10%
ACN	Accenture plc Technology	Reduced	43,433	-1,116	$8,612,329	−27.9%	4.56%
MDT	Medtronic plc Healthcare	Reduced	96,681	-10,554	$8,377,408	−18.7%	4.44%
UNH	Unitedhealth Group Inc Healthcare	Reduced	24,210	-509	$6,550,983	−19.7%	3.47%
SPGI	S&P Global Inc. Financial Services	Reduced	15,567	-287	$6,264,207	−20.1%	3.32%
SNPS	Synopsys Inc Technology	Reduced	14,008	-419	$5,553,891	−18.0%	2.94%
ADI	Analog Devices Inc Technology	Reduced	17,318	-286	$5,509,548	+15.4%	2.92%
BDX	Becton Dickinson & Co Healthcare	Added	32,489	+6,767	$5,108,245	+30.2%	2.70%
NVDA	Nvidia Corp Technology	Added	26,782	+536	$4,670,780	−4.6%	2.47%
CSCO	Cisco Systems, Inc. Technology	Reduced	46,043	-31,182	$3,572,476	−39.9%	1.89%
CNI	Canadian National Railway Co Industrials	Added	31,889	+30,765	$3,277,232	+2849.6%	1.74%
ALLE	Allegion plc Industrials	Reduced	21,347	-947	$3,101,505	−12.6%	1.64%
DIS	Walt Disney Co Communication Services	NEW	29,167	NEW	$2,811,115	NEW	1.49%
ICLR	Icon PLC Healthcare	Reduced	13,187	-3,925	$1,459,273	−53.2%	0.77%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	9,439	+439	$1,363,369	+5.7%	0.72%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	2,517	-240	$1,206,146	−13.0%	0.64%
DHR	Danaher Corp /De/ Healthcare	Added	6,016	+73	$1,140,633	−16.2%	0.60%
NKE	NIKE, Inc. Consumer Cyclical	Reduced	20,912	-2,573	$1,104,571	−26.2%	0.58%
AZN	Astrazeneca PLC Healthcare	NEW	5,328	NEW	$1,050,788	NEW	0.56%
BNY	Bank of New York Mellon Corp Financial Services	Held	8,817	0	$1,045,960	+2.2%	0.55%
AVGO	Broadcom Inc. Technology	Added	2,971	+492	$919,554	+7.2%	0.49%
META	Meta Platforms, Inc. Communication Services	Added	1,450	+311	$829,588	+10.3%	0.44%
JPM	Jpmorgan Chase & Co Financial Services	Added	2,588	+204	$761,286	−0.9%	0.40%
BSX	Boston Scientific Corp Healthcare	Reduced	11,606	-1,500	$728,276	−41.7%	0.39%
LIN	Linde PLC Basic Materials	Added	1,436	+186	$711,911	+33.6%	0.38%
BLK	BlackRock, Inc. Financial Services	Added	597	+171	$574,140	+25.9%	0.30%
MCD	Mcdonalds Corp Consumer Cyclical	Added	1,677	+971	$521,194	+141.5%	0.28%
FNV	FRANCO NEVADA Corp Basic Materials	Held	2,100	0	$518,805	+19.2%	0.27%
LLY	ELI LILLY & Co Healthcare	Added	538	+72	$494,836	−1.2%	0.26%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	1,377	-473	$465,357	−17.2%	0.25%
JNJ	Johnson & Johnson Healthcare	Reduced	1,723	-194	$421,170	+6.2%	0.22%
PEP	Pepsico Inc Consumer Defensive	Reduced	2,583	-8	$401,114	+7.9%	0.21%
PANW	Palo Alto Networks Inc Technology	Held	2,363	0	$378,836	−13.0%	0.20%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	770	-63	$378,478	−21.6%	0.20%
ZTS	Zoetis Inc. Healthcare	Added	3,130	+175	$369,997	−0.5%	0.20%
MRK	Merck & Co., Inc. Healthcare	Reduced	2,942	-10	$353,893	+13.9%	0.19%
UBER	Uber Technologies, Inc Technology	Reduced	4,887	-1,089	$351,521	−28.0%	0.19%
ENB	Enbridge Inc Energy	Held	6,000	0	$324,840	+13.2%	0.17%
CMCSA	Comcast Corp Communication Services	Reduced	10,376	-92,030	$297,894	−89.6%	0.16%
SHW	Sherwin Williams Co Basic Materials	Held	924	0	$296,188	−1.1%	0.16%
COST	Costco Wholesale Corp /New Consumer Defensive	Held	281	0	$279,996	+15.5%	0.15%
WMT	Walmart Inc. Consumer Defensive	Reduced	1,985	-8	$246,695	+11.1%	0.13%
UNP	Union Pacific Corp Industrials	Held	1,004	0	$243,590	+4.9%	0.13%
KO	Coca Cola Co Consumer Defensive	Reduced	3,088	-8	$234,842	+8.5%	0.12%