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Exane Asset Management

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13F filer, CIK 1666256, PARIS, France

Exane Asset Management reported $475,332,283 across 34 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-01-27. Its ten largest share positions make up 76.93% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001666256-26-000001

Period
2025-12-31
Reported value
$475M
Holdings
34
Top 10 weight
76.93%
New
12
Sold out
12

Largest buys vs the previous quarter

SecurityShares changeApprox. value
BACadded+824,929$53.3M
CRHadded+289,700$35.8M
LINnew+52,057$26.1M
AMZNnew+76,192$20.7M
GOOGLnew+48,329$17.8M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
JPMreduced-91,794-$34.7M
PNCreduced-140,133-$34.3M
CCEPexited-171,513-$15.5M
BSXexited-79,463-$9.12M
CFLTreduced-205,874-$7.31M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001666256-26-000001, largest first. % of portfolio is the value over $475,332,283, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CRHCRH PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 106,515 shares; 2024Q4: 185,074 shares; 2025Q1: 226,087 shares; 2025Q2: 547,596 shares; 2025Q3: 663,774 shares; 2025Q4: 953,474 shares 953,474$118M24.8%+289,700Timeline
BACBANK OF AMER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 428,025 shares; 2024Q4: 235,290 shares; 2025Q1: not reported; 2025Q2: 539,720 shares; 2025Q3: 5,100 shares; 2025Q4: 830,029 shares 830,029$53.6M11.28%+824,929Timeline
FERFERROVIAL NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 341,556 shares; 2025Q1: 7,948 shares; 2025Q2: 4,007 shares; 2025Q3: 644,471 shares; 2025Q4: 642,431 shares 642,431$41.7M8.78%-2,040Timeline
UBSUBS GROUP AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,019,905 shares; 2024Q4: 1,241,028 shares; 2025Q1: 1,290,435 shares; 2025Q2: 1,038,991 shares; 2025Q3: 789,001 shares; 2025Q4: 665,458 shares 665,458$28.9M6.08%-123,543Timeline
LINLINDE PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 587 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 52,057 shares 52,057$26.1M5.48%newTimeline
SWSMURFIT WESTROCK PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 99,802 shares; 2025Q1: 218,289 shares; 2025Q2: 255,160 shares; 2025Q3: 345,393 shares; 2025Q4: 564,938 shares 564,938$25.7M5.4%+219,545Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,541 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 76,192 shares 76,192$20.7M4.34%newTimeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 48,329 shares 48,329$17.8M3.74%newTimeline
NFLXNETFLIX INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 153,066 shares 153,066$16.9M3.55%newTimeline
SNOWSNOWFLAKE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,613 shares; 2025Q3: 2,613 shares; 2025Q4: 64,388 shares 64,388$16.6M3.49%+61,775Timeline
STLASTELLANTIS N.VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,008,069 shares; 2024Q4: 1,056,129 shares; 2025Q1: 1,297,771 shares; 2025Q2: 598,225 shares; 2025Q3: 1,401,411 shares; 2025Q4: 1,311,546 shares 1,311,546$14.5M3.05%-89,865Timeline
MDBMONGODB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 75 shares; 2025Q4: 26,882 shares 26,882$13.2M2.79%+26,807Timeline
DASHDOORDASH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 39,842 shares 39,842$10.6M2.23%newTimeline
CRMSALESFORCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,205 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 33,156 shares 33,156$10.3M2.17%newTimeline
BKNGBOOKING HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,386 shares 1,386$8.72M1.83%newTimeline
BIRKBIRKENSTOCK HOLDING PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 158,980 shares 158,980$7.64M1.61%newTimeline
SPOTSPOTIFY TECHNOLOGY S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 9,256 shares; 2025Q1: 8,356 shares; 2025Q2: 10,656 shares; 2025Q3: 10,056 shares; 2025Q4: 10,956 shares 10,956$7.47M1.57%+900Timeline
NOWSERVICENOW INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,464 shares; 2025Q2: 372 shares; 2025Q3: 372 shares; 2025Q4: 38,000 shares 38,000$6.84M1.44%+37,628Timeline
TEAMATLASSIAN CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 6,033 shares; 2025Q4: 31,363 shares 31,363$5.97M1.26%+25,330Timeline
TWLOTWILIO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 34,835 shares 34,835$5.82M1.22%newTimeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 21,769 shares 21,769$4.77M1%newTimeline
RACEFERRARI N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 413 shares; 2025Q2: 21,935 shares; 2025Q3: 12 shares; 2025Q4: 12,035 shares 12,035$4.5M0.95%+12,023Timeline
DTDYNATRACE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 71,968 shares 71,968$3.66M0.77%newTimeline
ESTCELASTIC N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,000 shares; 2024Q4: 27,704 shares; 2025Q1: 37,194 shares; 2025Q2: 9,914 shares; 2025Q3: 4,334 shares; 2025Q4: 19,702 shares 19,702$1.75M0.37%+15,368Timeline
CCCCCC INTELLIGENT SOLUTIONS HLQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 82,141 shares; 2025Q4: 144,241 shares 144,241$1.35M0.28%+62,100Timeline
PCORPROCORE TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,700 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 10,664 shares; 2025Q3: 8,620 shares; 2025Q4: 8,320 shares 8,320$711K0.15%-300Timeline
INTUINTUITQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 887 shares; 2025Q4: 887 shares 887$690K0.15%0Timeline
CFLTCONFLUENT INC-CLASS AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 18,269 shares; 2025Q1: not reported; 2025Q2: 77 shares; 2025Q3: 219,654 shares; 2025Q4: 13,780 shares 13,780$489K0.1%-205,874Timeline
LOGILOGITECH INTL S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 406 shares; 2025Q1: 1,066 shares; 2025Q2: 782 shares; 2025Q3: 1,839 shares; 2025Q4: 3,478 shares 3,478$333K0.07%+1,639Timeline
TTETOTALENERGIES SEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 4,127 shares 4,127$269K0.06%newTimeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 49,243 shares; 2025Q2: not reported; 2025Q3: 91,874 shares; 2025Q4: 80 shares 80$30.3K0.01%-91,794Timeline
PNCPNC FINL SVCS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 112,673 shares; 2025Q1: 149,783 shares; 2025Q2: 136,375 shares; 2025Q3: 140,190 shares; 2025Q4: 57 shares 57$14K<0.01%-140,133Timeline
SNPSSYNOPSYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 8,232 shares; 2025Q4: 25 shares 25$13.8K<0.01%-8,207Timeline
APGEAPOGEE THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,100 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 51,543 shares; 2025Q4: 52 shares 52$4.61K<0.01%-51,491Timeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
CCEPCOCA-COLA EUROPACIFIC PARTNE171,513$15.5Mshares
BSXBOSTON SCIENTIFIC CORP79,463$9.12Mshares
PFEPFIZER INC12,821$384Kshares
ALCALCON AG1,499$104Kshares
LLYELI LILLY & CO100$89.7Kshares
DBDEUTSCHE BK AG2,318$81.6Kshares
VRTXVERTEX PHARMACEUTICALS INC100$46Kshares
ZSZSCALER INC100$35.2Kshares
HUBSHUBSPOT INC64$35.2Kshares
ABBVABBVIE INC103$28Kshares
DDOGDATADOG INC57$9.54Kshares
ORCLORACLE CORP15$4.96Kshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001666256-26-000001 base2026-01-27acceptance time not in the bulk data set