GROUPAMA ASSET MANAGMENT

13F filer, CIK 1055969, PARIS, France

GROUPAMA ASSET MANAGMENT reported $6,823,556,753 across 468 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-12-01. Its ten largest share positions make up 45.4% of the portfolio.

Filed 2025-12-01 (acceptance time not in the bulk data set), ingested 2026-10-07 03:01:36 UTC13F-HR 0001752724-25-215030

Period: 2025-09-30
Reported value: $6.82B
Holdings: 468
Top 10 weight: 45.4%
New: 98
Sold out: 36

Largest buys vs the previous quarter

Security	Shares change	Approx. value
RTXnew	+896,899	$150M
TMOadded	+90,854	$44.1M
AAPLadded	+78,101	$19.9M
GOOGLadded	+60,861	$14.8M
PHadded	+14,836	$11.2M

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

Security	Shares change	Approx. value
PANWreduced	-122,920	-$25M
FNVreduced	-89,880	-$20M
CYBERARK SOFTWARE LTD/ISRAELreduced	-37,420	-$18.1M
HCAreduced	-30,313	-$12.9M
CDNSreduced	-36,448	-$12.8M

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.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001752724-25-215030, largest first. % of portfolio is the value over $6,822,842,053, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
MSFTMICROSOFT CORP	1,074,521	$557M	8.16%	-13,968	Timeline
NVDANVIDIA CORPORATION	2,418,729	$451M	6.61%	+27,383	Timeline
AVGOBROADCOM INC	1,212,390	$400M	5.86%	-4,058	Timeline
AAPLAPPLE INC	1,279,533	$326M	4.78%	+78,101	Timeline
AEMAGNICO EAGLE MINES LTD	1,522,678	$257M	3.76%	+39,458	Timeline
JPMJPMORGAN CHASE & CO	777,144	$245M	3.59%	+29,052	Timeline
AMZNAMAZON COM INC	1,033,825	$227M	3.33%	+29,556	Timeline
MUMICRON TECHNOLOGY INC	1,330,108	$223M	3.26%	-15,580	Timeline
GOOGLALPHABET INC	891,182	$217M	3.18%	+60,861	Timeline
MSIMOTOROLA SOLUTIONS INC	428,732	$196M	2.87%	+1,299	Timeline
METAMETA PLATFORMS INC	211,938	$156M	2.28%	+12,859	Timeline
RTXRTX CORPORATION	896,899	$150M	2.2%	new	Timeline
BSXBOSTON SCIENTIFIC CORP	1,332,481	$130M	1.91%	-77,295	Timeline
PHPARKER-HANNIFIN CORP	166,089	$126M	1.85%	+14,836	Timeline
TMOTHERMO FISHER SCIENTIFIC INC	245,016	$119M	1.74%	+90,854	Timeline
WMTWALMART INC	1,091,369	$112M	1.65%	+49,788	Timeline
TECKTECK RESOURCES LTD	2,031,735	$89.6M	1.31%	-129,151	Timeline
XPOXPO INC	655,805	$84.8M	1.24%	-12,822	Timeline
TJXTJX COS INC NEW	552,307	$79.8M	1.17%	+59,010	Timeline
TMUST-MOBILE US INC	326,318	$78.1M	1.14%	-36,115	Timeline
URIUNITED RENTALS INC	77,612	$74.1M	1.09%	-1,672	Timeline
GEVGE VERNOVA INC	119,019	$73.2M	1.07%	+10,392	Timeline
BKRBAKER HUGHES COMPANY	1,446,425	$70.5M	1.03%	-251,715	Timeline
MRKMERCK & CO INC	832,605	$69.9M	1.02%	+49,541	Timeline
LLYELI LILLY & CO	89,223	$68.1M	1%	-15,395	Timeline
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAEL	139,893	$67.6M	0.99%	-37,420
CMECME GROUP INC	236,660	$63.9M	0.94%	+8,847	Timeline
METMETLIFE INC	721,888	$59.5M	0.87%	+62,713	Timeline
PNCPNC FINL SVCS GROUP INC	263,910	$53M	0.78%	+8,231	Timeline
ETRENTERGY CORP NEW	565,918	$52.7M	0.77%	+22,663	Timeline
TSLATESLA INC	117,308	$52.2M	0.76%	-28,480	Timeline
PGPROCTER & GAMBLE CO	339,053	$52.1M	0.76%	+4,251	Timeline
PANWPALO ALTO NETWORKS INC	253,955	$51.7M	0.76%	-122,920	Timeline
NEENEXTERA ENERGY INC	656,512	$49.6M	0.73%	-1,876	Timeline
MSMORGAN STANLEY	309,042	$49.1M	0.72%	+26,754	Timeline
CCITIGROUP INC	471,801	$47.9M	0.7%	+22,927	Timeline
SRESEMPRA	498,889	$44.9M	0.66%	-14,827	Timeline
HONHONEYWELL INTL INC	202,124	$42.5M	0.62%	+19,829	Timeline
FNVFRANCO NEV CORP	185,601	$41.4M	0.61%	-89,880	Timeline
HALHALLIBURTON CO	1,619,865	$39.8M	0.58%	+47,002	Timeline
RACEFERRARI N V	90,621	$37.3M	0.55%	+16,821	Timeline
ABBVABBVIE INC	160,541	$37.2M	0.54%	+10,854	Timeline
DISDISNEY WALT CO	323,739	$37.1M	0.54%	+5,622	Timeline
IONSIONIS PHARMACEUTICALS INC	561,777	$36.8M	0.54%	-99,180	Timeline
REGNREGENERON PHARMACEUTICALS	62,701	$35.3M	0.52%	-5,169	Timeline
WELLWELLTOWER INC	183,268	$32.6M	0.48%	+4,198	Timeline
VLOVALERO ENERGY CORP	173,650	$29.6M	0.43%	+16,798	Timeline
HUBSHUBSPOT INC	62,664	$29.3M	0.43%	+1,763	Timeline
BRK-BBERKSHIRE HATHAWAY INC DEL	57,621	$29M	0.42%	+7,147	Timeline
EQIXEQUINIX INC	32,315	$25.3M	0.37%	+382	Timeline
VVISA INC	70,536	$24.1M	0.35%	+13,153	Timeline
KOCOCA COLA CO	362,249	$24M	0.35%	+37,235	Timeline
TSMTAIWAN SEMICONDUCTOR MANUFAC	85,317	$23.8M	0.35%	-10,508	Timeline
BACBANK OF AMER CORP	439,356	$22.7M	0.33%	+102,219	Timeline
AMTAMERICAN TOWER CORP	117,651	$22.6M	0.33%	+17,086	Timeline
UNHUNITEDHEALTH GROUP INC	64,882	$22.4M	0.33%	+2,203	Timeline
GOOGALPHABET INC	90,768	$22.1M	0.32%	-22,837	Timeline
CDNSCADENCE DESIGN SYSTEM INC	58,950	$20.7M	0.3%	-36,448	Timeline
SWSMURFIT WESTROCK PLC	644,001	$20.1M	0.29%	+35,651	Timeline
SLBSLB LIMITED	564,695	$19.4M	0.28%	+3,475	Timeline
ISRGINTUITIVE SURGICAL INC	42,786	$19.1M	0.28%	-23,010	Timeline
BNTXBIONTECH SE	193,402	$19.1M	0.28%	-29,823	Timeline
WTSWATTS WATER TECHNOLOGIES INC	66,740	$18.6M	0.27%	-32,956	Timeline
VRTXVERTEX PHARMACEUTICALS INC	43,381	$17M	0.25%	-17,916	Timeline
LRCXLAM RESEARCH CORP	118,579	$15.9M	0.23%	+22,095	Timeline
ALNYALNYLAM PHARMACEUTICALS INC	32,082	$14.6M	0.21%	-16,303	Timeline
CBCHUBB LIMITED	51,216	$14.5M	0.21%	-1,677	Timeline
COSTCOSTCO WHOLESALE CORPORATION	14,974	$13.9M	0.2%	+111	Timeline
HCAHCA HEALTHCARE INC	30,310	$12.9M	0.19%	-30,313	Timeline
ORCLORACLE CORP	45,487	$12.8M	0.19%	-8,465	Timeline
MDGLMADRIGAL PHARMACEUTICALS INC	27,444	$12.6M	0.18%	-13,447	Timeline
NTRANATERA INC	77,184	$12.4M	0.18%	-26,989	Timeline
NOWSERVICENOW INC	13,467	$12.4M	0.18%	-2,330	Timeline
AGIALAMOS GOLD INC	316,870	$11M	0.16%	+38,441	Timeline
SCISERVICE CORP INTL	131,413	$10.9M	0.16%	+7,569	Timeline
WFCWELLS FARGO & CO	127,267	$10.7M	0.16%	-36,290	Timeline
TAT&T INC	375,548	$10.6M	0.16%	+97,481	Timeline
ECLECOLAB INC	36,829	$10.1M	0.15%	+5,425	Timeline
LINLINDE PLC	20,927	$9.94M	0.15%	-10,459	Timeline
CRHCRH PLC	104,646	$9.3M	0.14%	-3,298	Timeline
CRMSALESFORCE INC	38,574	$9.14M	0.13%	-8,595	Timeline
CSCOCISCO SYS INC	131,234	$8.98M	0.13%	-45,166	Timeline
DHRDANAHER CORP DEL	44,434	$8.81M	0.13%	+972	Timeline
MAMASTERCARD INCORPORATED	15,419	$8.77M	0.13%	+1,103	Timeline
WBSWEBSTER FINL CORP	142,272	$8.46M	0.12%	-737	Timeline
ROPROPER TECHNOLOGIES INC	16,890	$8.42M	0.12%	-691	Timeline
ABTABBOTT LABORATORIES	59,338	$7.95M	0.12%	-2,758	Timeline
CATCATERPILLAR INC	16,185	$7.72M	0.11%	-2,168	Timeline
HDHOME DEPOT INC	18,918	$7.67M	0.11%	-2,858	Timeline
NFLXNETFLIX INC.	6,117	$7.33M	0.11%	+148	Timeline
JNJJOHNSON & JOHNSON	36,719	$6.81M	0.1%	-2,495	Timeline
SPGIS&P GLOBAL INC	13,834	$6.73M	0.1%	-3,780	Timeline
ADBEADOBE INC	17,842	$6.29M	0.09%	-1,515	Timeline
UNPUNION PAC CORP	26,382	$6.24M	0.09%	-7,978	Timeline
INCYINCYTE CORP	73,075	$6.2M	0.09%	+987	Timeline
NDAQNASDAQ INC	67,319	$5.95M	0.09%	-32,781	Timeline
HEIHEICO CORP NEW	18,139	$5.86M	0.09%	+3,512	Timeline
GILDGILEAD SCIENCES INC	52,281	$5.8M	0.09%	+16,848	Timeline
AMDADVANCED MICRO DEVICES INC	35,381	$5.72M	0.08%	-2,910	Timeline
KLACKLA CORP	5,286	$5.7M	0.08%	-1,129	Timeline
NEMNEWMONT CORP	66,158	$5.58M	0.08%	-28,830	Timeline
MDTMEDTRONIC PLC	57,642	$5.49M	0.08%	+22,255	Timeline
ANETARISTA NETWORKS INC	36,224	$5.28M	0.08%	-16,495	Timeline
PLTRPALANTIR TECHNOLOGIES INC	28,728	$5.24M	0.08%	+1,592	Timeline
GEGE AEROSPACE	17,411	$5.24M	0.08%	+6,250	Timeline
ORLAORLA MNG LTD NEW	321,907	$4.83M	0.07%	-237,709	Timeline
UBSUBS GROUP AG	144,379	$4.69M	0.07%	-1,426	Timeline
ALVAUTOLIV INC	37,915	$4.68M	0.07%	-7,493	Timeline
WPMWHEATON PRECIOUS METALS CORP	30,047	$4.68M	0.07%	new	Timeline
HUBBHUBBELL INC	10,849	$4.67M	0.07%	-2,341	Timeline
MDBMONGODB INC	14,822	$4.6M	0.07%	-8,624	Timeline
MCOMOODYS CORP	9,497	$4.53M	0.07%	+1,058	Timeline
ALCALCON AG	75,172	$4.45M	0.07%	+4,043	Timeline
DBDEUTSCHE BK AG	141,080	$4.23M	0.06%	+1,158	Timeline
CPCANADIAN PACIFIC KANSAS CITY	55,048	$4.1M	0.06%	new	Timeline
EOGEOG RES INC	36,486	$4.09M	0.06%	0	Timeline
XYLXYLEM INC	27,205	$4.01M	0.06%	-2,731	Timeline
TTTRANE TECHNOLOGIES PLC	9,286	$3.92M	0.06%	+689	Timeline
CMCSACOMCAST CORP NEW	116,309	$3.65M	0.05%	-13,744	Timeline
PMPHILIP MORRIS INTL INC	22,364	$3.63M	0.05%	+510	Timeline
SCHWCHARLES SCHWAB CORP (THE)	37,753	$3.6M	0.05%	+4,799	Timeline
AMEAMETEK INC	18,997	$3.57M	0.05%	-21,832	Timeline
AMGNAMGEN INC	12,362	$3.49M	0.05%	-1,401	Timeline
APHAMPHENOL CORP	27,261	$3.37M	0.05%	+14,433	Timeline
PWRQUANTA SVCS INC	7,901	$3.27M	0.05%	new	Timeline
BKNGBOOKING HOLDINGS INC	605	$3.27M	0.05%	-40	Timeline
ADSKAUTODESK INC	10,148	$3.22M	0.05%	-5,575	Timeline
CEGCONSTELLATION ENERGY CORP	9,439	$3.11M	0.05%	-10,722	Timeline
EMREMERSON ELEC CO	23,647	$3.1M	0.05%	-6,877	Timeline
IBMINTERNATIONAL BUSINESS MACHS	10,589	$2.99M	0.04%	+4,584	Timeline
WABWABTEC	14,323	$2.87M	0.04%	+6,055	Timeline
PLDPROLOGIS INC.	25,007	$2.86M	0.04%	-12,343	Timeline
ADPAUTOMATIC DATA PROCESSING IN	9,694	$2.85M	0.04%	+4,992	Timeline
MCKMCKESSON CORP	3,596	$2.78M	0.04%	+807	Timeline
PGRPROGRESSIVE CORP	11,233	$2.77M	0.04%	-4,287	Timeline
VZVERIZON COMMUNICATIONS INC	62,212	$2.73M	0.04%	+8,764	Timeline
ELVELEVANCE HEALTH INC FORMERLY	8,447	$2.73M	0.04%	-350	Timeline
KMIKINDER MORGAN INC DEL	94,715	$2.68M	0.04%	+50,199	Timeline
ALLALLSTATE CORP	12,401	$2.66M	0.04%	-1,832	Timeline
INTUINTUIT	3,874	$2.65M	0.04%	+2,063	Timeline
CNICANADIAN NATL RY CO	19,863	$2.61M	0.04%	-572	Timeline
AMATAPPLIED MATLS INC	12,228	$2.5M	0.04%	-7,650	Timeline
HIGHARTFORD INSURANCE GROUP INC	18,712	$2.5M	0.04%	-1,282	Timeline
MPCMARATHON PETE CORP	12,384	$2.39M	0.03%	+210	Timeline
MNSTMONSTER BEVERAGE CORP NEW	35,378	$2.38M	0.03%	+15,800	Timeline
EDCONSOLIDATED EDISON INC	23,444	$2.36M	0.03%	new	Timeline
QCOMQUALCOMM INC	14,124	$2.35M	0.03%	-13,555	Timeline
CBRECBRE GROUP INC	14,627	$2.3M	0.03%	+11,026	Timeline
MCDMCDONALDS CORP	7,581	$2.3M	0.03%	-2,399	Timeline
CLCOLGATE PALMOLIVE CO	28,752	$2.3M	0.03%	+23,707	Timeline
PFEPFIZER INC	89,302	$2.28M	0.03%	-10,368	Timeline
OKEONEOK INC NEW	30,553	$2.23M	0.03%	+698	Timeline
ETNEATON CORP PLC	5,908	$2.21M	0.03%	-5,373	Timeline
STZCONSTELLATION BRANDS INC	16,399	$2.21M	0.03%	+947	Timeline
HWMHOWMET AEROSPACE INC	11,211	$2.2M	0.03%	+2,993	Timeline
COFCAPITAL ONE FINL CORP	10,284	$2.19M	0.03%	+972	Timeline
MOALTRIA GROUP INC	32,744	$2.16M	0.03%	+4,082	Timeline
ACNACCENTURE PLC IRELAND	8,598	$2.12M	0.03%	-579	Timeline
DNLIDENALI THERAPEUTICS INC	135,758	$1.97M	0.03%	-39,773	Timeline
PODDINSULET CORP	6,366	$1.97M	0.03%	-1,287	Timeline
TRGPTARGA RES CORP	11,494	$1.93M	0.03%	+10,150	Timeline
CAHCARDINAL HEALTH INC	12,235	$1.92M	0.03%	-478	Timeline
INSMINSMED INC	13,175	$1.9M	0.03%	0	Timeline
DOCHEALTHPEAK PROPERTIES INC	96,582	$1.85M	0.03%	-38,640	Timeline
PSXPHILLIPS 66	13,593	$1.85M	0.03%	-7,358	Timeline
CFGCITIZENS FINL GROUP INC	34,530	$1.84M	0.03%	-3,113	Timeline
BLKBLACKROCK INC	1,536	$1.79M	0.03%	+1,011	Timeline
PFGPRINCIPAL FINANCIAL GROUP IN	21,535	$1.79M	0.03%	new	Timeline
FRTFEDERAL RLTY INVT TR NEW	17,545	$1.78M	0.03%	new	Timeline
DOVDOVER CORP	10,415	$1.74M	0.03%	+1,458	Timeline
TXNTEXAS INSTRS INC	9,407	$1.73M	0.03%	-339	Timeline
LLOEWS CORP	17,162	$1.72M	0.03%	new	Timeline
BRBROADRIDGE FINL SOLUTIONS IN	7,142	$1.7M	0.02%	+5,257	Timeline
INTCINTEL CORP	49,947	$1.68M	0.02%	-17,260	Timeline
HLTHILTON WORLDWIDE HLDGS INC	6,449	$1.67M	0.02%	-192	Timeline
FCXFREEPORT MCMORAN INC	42,618	$1.67M	0.02%	-2,621	Timeline
FTNTFORTINET INC	19,790	$1.66M	0.02%	new	Timeline
ADIANALOG DEVICES INC	6,756	$1.66M	0.02%	-1,741	Timeline
LOWLOWES COS INC	6,490	$1.63M	0.02%	new	Timeline
KBKB FINL GROUP INC	19,478	$1.61M	0.02%	0	Timeline
TRVTRAVELERS COMPANIES INC	5,783	$1.61M	0.02%	new	Timeline
DDDUPONT DE NEMOURS INC	20,719	$1.61M	0.02%	-4,532	Timeline
MDLZMONDELEZ INTL INC	25,327	$1.58M	0.02%	-1,095	Timeline
MPWRMONOLITHIC PWR SYS INC	1,716	$1.58M	0.02%	-1,662	Timeline
PEPPEPSICO INC	11,144	$1.57M	0.02%	+2,520	Timeline
PYPLPAYPAL HLDGS INC	23,321	$1.56M	0.02%	-18,459	Timeline
VRSNVERISIGN INC	5,582	$1.56M	0.02%	new	Timeline
FASTFASTENAL CO	31,346	$1.54M	0.02%	new	Timeline
SYKSTRYKER CORPORATION	3,879	$1.43M	0.02%	-1,714	Timeline
BMYBRISTOL-MYERS SQUIBB CO	31,234	$1.41M	0.02%	+5,926	Timeline
STLDSTEEL DYNAMICS INC	9,955	$1.39M	0.02%	-23,733	Timeline
EIXEDISON INTL	24,862	$1.37M	0.02%	-21,669	Timeline
DRIDARDEN RESTAURANTS INC	7,100	$1.35M	0.02%	-16,925	Timeline
EBAYEBAY INC.	14,828	$1.35M	0.02%	+4,879	Timeline
INTERPUBLIC GROUP COSINTERPUBLIC GROUP COS	48,300	$1.35M	0.02%	new
VICIVICI PPTYS INC	41,226	$1.34M	0.02%	new	Timeline
HSTHOST HOTELS & RESORTS INC	78,967	$1.34M	0.02%	new	Timeline
EWEDWARDS LIFESCIENCES CORP	17,203	$1.34M	0.02%	new	Timeline
CTVACORTEVA INC	19,766	$1.34M	0.02%	new	Timeline
ORLYOREILLY AUTOMOTIVE INC	12,261	$1.32M	0.02%	new	Timeline
PCGPG&E CORP	85,550	$1.29M	0.02%	-77,645	Timeline
NUENUCOR CORP	9,432	$1.28M	0.02%	-826	Timeline
RFREGIONS FINANCIAL CORP NEW	48,391	$1.28M	0.02%	-84,625	Timeline
CCICROWN CASTLE INC	13,165	$1.27M	0.02%	new	Timeline
DASHDOORDASH INC	4,658	$1.27M	0.02%	+1,526	Timeline
ZTSZOETIS INC	8,551	$1.25M	0.02%	+1,394	Timeline
IBKRINTERACTIVE BROKERS GROUP IN	17,977	$1.24M	0.02%	new	Timeline
VLTOVERALTO CORP	11,561	$1.23M	0.02%	-8,419	Timeline
CORCENCORA INC	3,919	$1.22M	0.02%	new	Timeline
LDOSLEIDOS HOLDINGS INC	6,347	$1.2M	0.02%	-1,502	Timeline
BIIBBIOGEN INC	8,524	$1.19M	0.02%	-394	Timeline
CNQCANADIAN NAT RES LTD MED TER	37,305	$1.19M	0.02%	-354	Timeline
STLASTELLANTIS N.V	151,506	$1.19M	0.02%	-135,103	Timeline
LIILENNOX INTL INC	2,247	$1.19M	0.02%	new	Timeline
CVSCVS HEALTH CORP	15,636	$1.18M	0.02%	-2,889	Timeline
MSCIMSCI INC	2,063	$1.17M	0.02%	-1,564	Timeline
CMICUMMINS INC	2,764	$1.17M	0.02%	new	Timeline
KKRKKR & CO INC	8,958	$1.16M	0.02%	+6,738	Timeline
STESTERIS PLC	4,701	$1.16M	0.02%	new	Timeline
PEGPUBLIC SVC ENTERPRISE GROUP	13,824	$1.15M	0.02%	-11,626	Timeline
MOSMOSAIC CO	32,795	$1.14M	0.02%	+22,270	Timeline
ZBRAZEBRA TECHNOLOGIES CORPORATI	3,773	$1.12M	0.02%	+3,074	Timeline
BALLBALL CORP	21,558	$1.09M	0.02%	new	Timeline
FLUTFLUTTER ENTMT PLC	5,599	$1.08M	0.02%	-956	Timeline
SSNCSS&C TECH HLDGS	12,199	$1.08M	0.02%	-29,080	Timeline
TELTE CONNECTIVITY PLC	4,932	$1.08M	0.02%	-582	Timeline
BNYBANK OF NY MELLON CORP	9,901	$1.08M	0.02%	new	Timeline
BILLBILL HOLDINGS INC	20,000	$1.06M	0.02%	0	Timeline
ALLEALLEGION PLC	5,950	$1.06M	0.02%	new	Timeline
TXTTEXTRON INC	12,448	$1.05M	0.02%	new	Timeline
FITBFIFTH THIRD BANCORP	23,332	$1.04M	0.02%	-27,171	Timeline
TRMBTRIMBLE INC	12,670	$1.03M	0.02%	new	Timeline
SFMSPROUTS FMRS MKT INC	9,390	$1.02M	0.01%	new	Timeline
DALDELTA AIR LINES INC	17,951	$1.02M	0.01%	-4,121	Timeline
VMRKVIVMARK RESIDENTIAL	15,513	$1M	0.01%	+5,633	Timeline
KEYSKEYSIGHT TECHNOLOGIES INC	5,696	$996K	0.01%	-13,617	Timeline
HOLXHOLOGIC INC	14,739	$995K	0.01%	-7,203	Timeline
FOXFOX CORP	17,258	$989K	0.01%	+690	Timeline
VTRVENTAS INC	14,120	$988K	0.01%	-11,719	Timeline
CITHE CIGNA GROUP	3,423	$987K	0.01%	new	Timeline
AMRZAMRIZE LTD	25,635	$984K	0.01%	0	Timeline
GSGOLDMAN SACHS GROUP INC	1,220	$972K	0.01%	-1,944	Timeline
FOXAFOX CORP	15,385	$970K	0.01%	new	Timeline
ITUBITAU UNIBANCO HLDG S A	131,956	$969K	0.01%	0	Timeline
TROWPRICE T ROWE GROUP INC	9,293	$954K	0.01%	+6,069	Timeline
CFCF INDUSTRIES HOLD	10,563	$948K	0.01%	new	Timeline
SNPSSYNOPSYS INC	1,916	$945K	0.01%	new	Timeline
ADMARCHER DANIELS MIDLAND CO	15,797	$944K	0.01%	+8,155	Timeline
EXCEXELON CORP	20,645	$929K	0.01%	new	Timeline
WDAYWORKDAY INC	3,860	$929K	0.01%	-4,980	Timeline
RSGREPUBLIC SVCS INC	4,040	$927K	0.01%	-119	Timeline
BBYBEST BUY INC	12,194	$922K	0.01%	-8,106	Timeline
CSGPCOSTAR GROUP INC	10,916	$921K	0.01%	new	Timeline
ABNBAIRBNB INC	7,566	$919K	0.01%	-1,403	Timeline
ELLAUDER ESTEE COS INC	10,294	$907K	0.01%	-13,536	Timeline
ASXASE TECHNOLOGY HLDG CO LTD	80,446	$892K	0.01%	0	Timeline
SHGSHINHAN FINANCIAL GROUP CO L	17,525	$883K	0.01%	0	Timeline
NXPINXP SEMICONDUCTORS N V	3,871	$882K	0.01%	-3,796	Timeline
LYVLIVE NATION ENTERTAINMENT IN	5,387	$880K	0.01%	+1,398	Timeline
IDXXIDEXX LABS INC	1,367	$873K	0.01%	new	Timeline
RCLROYAL CARIBBEAN GROUP	2,699	$873K	0.01%	+996	Timeline
BBDBANCO BRADESCO S A	255,321	$863K	0.01%	0	Timeline
ILMNILLUMINA INC	9,066	$861K	0.01%	-2,878	Timeline
OCOWENS CORNING NEW	6,047	$855K	0.01%	-180	Timeline
FDXFEDEX CORP	3,595	$848K	0.01%	+2,333	Timeline
HASHASBRO INC	11,146	$845K	0.01%	+2,708	Timeline
VMCVULCAN MATLS CO	2,702	$831K	0.01%	-9,270	Timeline
TPRTAPESTRY INC	7,206	$816K	0.01%	new	Timeline
FICOFAIR ISAAC CORP	532	$796K	0.01%	-692	Timeline
FISVFISERV INC	6,094	$786K	0.01%	-10,316	Timeline
TPLTEXAS PACIFIC LAND CORPORATI	828	$773K	0.01%	-919	Timeline
PAYXPAYCHEX INC	6,084	$771K	0.01%	+2,514	Timeline
COINCOINBASE GLOBAL INC	2,272	$767K	0.01%	new	Timeline
ICEINTERCONTINENTAL EXCHANGE IN	4,531	$763K	0.01%	-6,722	Timeline
RDYDR REDDYS LABS LTD	54,507	$762K	0.01%	0	Timeline
VRSKVERISK ANALYTICS INC	2,943	$740K	0.01%	-1,334	Timeline
AVBAVALONBAY CMNTYS INC	3,812	$736K	0.01%	-9,087	Timeline
NKENIKE INC	10,521	$734K	0.01%	-27,915	Timeline
HIIHUNTINGTON INGALLS INDS INC	2,544	$732K	0.01%	-436	Timeline
SNASNAP ON INC	2,100	$728K	0.01%	new	Timeline
RMDRESMED INC	2,658	$728K	0.01%	-2,834	Timeline
GLGLOBE LIFE INC	5,071	$725K	0.01%	new	Timeline
TSNTYSON FOODS INC	13,049	$709K	0.01%	-15,444	Timeline
OSKOSHKOSH CORP	5,316	$689K	0.01%	-158	Timeline
DXCMDEXCOM INC	10,058	$677K	0.01%	-6,455	Timeline
CRWDCROWDSTRIKE HLDGS INC	1,365	$669K	0.01%	+397	Timeline
IRINGERSOLL RAND INC	8,006	$661K	0.01%	-238	Timeline
AXONAXON ENTERPRISE INC	921	$661K	0.01%	+318	Timeline
GEHCGE HEALTHCARE TECHNOLOGIES I	8,785	$660K	0.01%	new	Timeline
WMWASTE MGMT INC DEL	2,987	$660K	0.01%	-8,799	Timeline
MMM3M CO	4,234	$657K	0.01%	-7,025	Timeline
ROSTROSS STORES INC	4,266	$650K	0.01%	+1,579	Timeline
AZOAUTOZONE INC	146	$626K	0.01%	new	Timeline
GLWCORNING INC	7,613	$624K	0.01%	new	Timeline
TFCTRUIST FINL CORP	13,431	$614K	0.01%	new	Timeline
AAGILENT TECHNOLOGIES INC	4,756	$610K	0.01%	+2,482	Timeline
CMGCHIPOTLE MEXICAN GRILL INC	15,305	$600K	0.01%	-62,818	Timeline
KEYKEYCORP	32,016	$598K	0.01%	+8,738	Timeline
SPGSIMON PPTY GROUP INC NEW	3,169	$595K	0.01%	-6,899	Timeline
JBLJABIL INC	2,733	$594K	0.01%	new	Timeline
TSCOTRACTOR SUPPLY CO	10,284	$585K	0.01%	new	Timeline
NTRSNORTHERN TR CORP	4,311	$580K	0.01%	new	Timeline
HPEHEWLETT PACKARD ENTERPRISE C	23,374	$574K	0.01%	new	Timeline
IVZINVESCO LTD	24,968	$573K	0.01%	new	Timeline
FERFERROVIAL NV	11,576	$565K	0.01%	-345	Timeline
DECKDECKERS OUTDOOR CORP	5,562	$564K	0.01%	+1,398	Timeline
UALUNITED AIRLS HLDGS INC	5,787	$558K	0.01%	+2,938	Timeline
ROKROCKWELL AUTOMATION INC	1,594	$557K	0.01%	-1,477	Timeline
VFCV F CORP	38,467	$555K	0.01%	+14,867	Timeline
NWSANEWS CORP NEW	17,830	$548K	0.01%	+3,330	Timeline
NSCNORFOLK SOUTHN CORP	1,802	$541K	0.01%	-171	Timeline
SKMSK TELECOM CO LTD	24,953	$539K	0.01%	0	Timeline
GRMNGARMIN LTD	2,138	$526K	0.01%	-2,535	Timeline
ACGLARCH CAP GROUP LTD	5,721	$519K	0.01%	-856	Timeline
CTSHCOGNIZANT TECHNOLOGY SOLUTIO	7,716	$518K	0.01%	new	Timeline
COPCONOCOPHILLIPS	5,403	$511K	0.01%	0	Timeline
ULTAULTA BEAUTY INC	925	$506K	0.01%	new	Timeline
CLXCLOROX CO DEL	4,096	$505K	0.01%	-13,247	Timeline
GMGENERAL MTRS CO	8,258	$503K	0.01%	new	Timeline
DDOGDATADOG INC	3,523	$502K	0.01%	new	Timeline
MRSHMARSH & MCLENNAN COS INC	2,469	$498K	0.01%	-235	Timeline
ESSESSEX PPTY TR INC	1,824	$488K	0.01%	+109	Timeline
RLRALPH LAUREN CORP	1,556	$488K	0.01%	new	Timeline
LUVSOUTHWEST AIRLS CO	15,157	$484K	0.01%	new	Timeline
KRKROGER CO	7,068	$476K	0.01%	new	Timeline
PNRPENTAIR PLC	4,292	$475K	0.01%	-406	Timeline
WMBWILLIAMS COS INC	7,225	$458K	0.01%	0	Timeline
QIAGEN N.V.QIAGEN N.V.	12,000	$452K	0.01%	-375
MKCMCCORMICK & CO INC	6,750	$452K	0.01%	-16,092	Timeline
PRUPRUDENTIAL FINL INC	4,274	$443K	0.01%	-19,822	Timeline
CPRTCOPART INC	9,859	$443K	0.01%	-23,662	Timeline
DELLDELL TECHNOLOGIES INC	3,124	$443K	0.01%	-297	Timeline
UPSUNITED PARCEL SVCS INC	5,239	$438K	0.01%	-13,037	Timeline
FMXFOMENTO ECONOMICO MEXICANO S	4,360	$430K	0.01%	0	Timeline
TTWOTAKE-TWO INTERACTIVE SOFTWAR	1,656	$428K	0.01%	new	Timeline
WSTWEST PHARMACEUTICAL SVSC INC	1,627	$427K	0.01%	new	Timeline
ROLROLLINS INC	7,211	$424K	0.01%	new	Timeline
CAGCONAGRA BRANDS INC	23,112	$423K	0.01%	+5,533	Timeline
PKGPACKAGING CORP AMER	1,938	$422K	0.01%	-183	Timeline
AMPAMERIPRISE FINL INC	859	$422K	0.01%	-81	Timeline
CNCCENTENE CORP DEL	11,649	$416K	0.01%	-27,900	Timeline
CRLCHARLES RIV LABS INTL INC	2,656	$416K	0.01%	new	Timeline
ITGARTNER INC	1,571	$413K	0.01%	+767	Timeline
GISGENERAL MILLS INC	8,148	$411K	0.01%	new	Timeline
APDAIR PRODUCTS AND CHEMICALS I	1,498	$409K	0.01%	-142	Timeline
TGTTARGET CORP	4,502	$404K	0.01%	new	Timeline
CPTCAMDEN PPTY TR	3,704	$396K	0.01%	-12,534	Timeline
TAPMOLSON COORS BEVERAGE CO	8,724	$395K	0.01%	+2,185	Timeline
PTCPTC INC	1,937	$393K	0.01%	-424	Timeline
DGDOLLAR GEN CORP	3,789	$392K	0.01%	new	Timeline
GENGEN DIGITAL INC	13,774	$391K	0.01%	new	Timeline
BSYBENTLEY SYS INC	7,542	$388K	0.01%	-13,711	Timeline
MKTXMARKETAXESS HLDGS INC	2,201	$384K	0.01%	+474	Timeline
AXPAMERICAN EXPRESS CO	1,149	$382K	0.01%	-4,444	Timeline
UDRUDR INC	9,975	$372K	0.01%	-32,467	Timeline
RJFRAYMOND JAMES FINL INC	2,071	$357K	0.01%	new	Timeline
WTWWILLIS TOWERS WATSON PLC LTD	1,033	$357K	0.01%	new	Timeline
AESAES CORP	26,990	$355K	0.01%	new	Timeline
EGEVEREST GROUP LTD	1,011	$354K	0.01%	-2,462	Timeline
WDCWESTERN DIGITAL CORP	2,944	$353K	0.01%	new	Timeline
MTCHMATCH GROUP INC NEW	9,996	$353K	0.01%	+2,929	Timeline
MTBM & T BK CORP	1,723	$340K	<0.01%	new	Timeline
JAZZJAZZ PHARMACEUTICALS PLC	2,576	$340K	<0.01%	-6,142	Timeline
MCHPMICROCHIP TECHNOLOGY INC.	5,257	$338K	<0.01%	new	Timeline
VEEVVEEVA SYS INC	1,123	$335K	<0.01%	-2,222	Timeline
CZRCAESARS ENTERTAINMENT INC NE	11,819	$319K	<0.01%	new	Timeline
KDPKEURIG DR PEPPER INC	12,425	$317K	<0.01%	-23,455	Timeline
EPAMEPAM SYS INC	2,082	$314K	<0.01%	+717	Timeline
ESEVERSOURCE ENERGY	4,344	$309K	<0.01%	+784	Timeline
NATLNCR ATLEOS CORPORATION	7,851	$309K	<0.01%	-18,716	Timeline
LENLENNAR CORP	2,411	$304K	<0.01%	new	Timeline
CSXCSX CORP	8,469	$301K	<0.01%	new	Timeline
CARRCARRIER GLOBAL CORPORATION	4,981	$297K	<0.01%	-9,935	Timeline
APTVAPTIV PLC	3,337	$288K	<0.01%	new	Timeline
OTISOTIS WORLDWIDE CORP	3,144	$287K	<0.01%	new	Timeline
CBOECBOE GLOBAL MKTS INC	1,172	$287K	<0.01%	new	Timeline
INVHINVITATION HOMES INC	9,798	$287K	<0.01%	-59,083	Timeline
SUZSUZANO S A	30,210	$284K	<0.01%	0	Timeline
OMCOMNICOM GROUP INC	3,479	$284K	<0.01%	new	Timeline
TECHBIO-TECHNE CORP	5,076	$282K	<0.01%	new	Timeline
BGBUNGE GLOBAL SA	3,474	$282K	<0.01%	-330	Timeline
CTASCINTAS CORP	1,354	$278K	<0.01%	-3,636	Timeline
TKOTKO GROUP HOLDINGS INC	1,370	$277K	<0.01%	new	Timeline
HBANHUNTINGTON BANCSHARES INC	15,491	$268K	<0.01%	new	Timeline
DLTRDOLLAR TREE INC	2,763	$261K	<0.01%	new	Timeline
BDXBECTON DICKINSON & CO	1,373	$257K	<0.01%	-130	Timeline
STXSEAGATE TECHNOLOGY HLDNGS PL	1,088	$257K	<0.01%	new	Timeline
AKAMAKAMAI TECHNOLOGIES INC	3,351	$254K	<0.01%	-11,171	Timeline
EAELECTRONIC ARTS INC	1,226	$247K	<0.01%	-9,255	Timeline
TUTELUS CORPORATION	11,008	$241K	<0.01%	0	Timeline
FSLRFIRST SOLAR INC	1,088	$240K	<0.01%	new	Timeline
ATRAPTARGROUP INC	1,785	$239K	<0.01%	-4,255	Timeline
TERTERADYNE INC	1,732	$238K	<0.01%	new	Timeline
LULULULULEMON ATHLETICA INC	1,255	$223K	<0.01%	-7,675	Timeline
MTZMASTEC INC	1,048	$223K	<0.01%	new	Timeline
WRBBERKLEY W R CORP	2,845	$218K	<0.01%	new	Timeline
CHRWC H ROBINSON WORLDWIDE IN	1,636	$217K	<0.01%	new	Timeline
KKELLANOVA	2,596	$213K	<0.01%	new	Timeline
CCJCAMECO CORP	1,820	$213K	<0.01%	new	Timeline
SWKSSKYWORKS SOLUTIONS INC	2,724	$210K	<0.01%	new	Timeline
LWLAMB WESTON HLDGS INC	3,531	$205K	<0.01%	-8,419	Timeline
RGENREPLIGEN CORP	1,534	$205K	<0.01%	-3,656	Timeline
AMCOR PLCAMCOR PLC	25,059	$205K	<0.01%	new
SPOTSPOTIFY TECHNOLOGY S A	290	$202K	<0.01%	+31	Timeline
VTRSVIATRIS INC	13,103	$130K	<0.01%	new	Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

Security	Type	Amount	Value
COINCOINBASE GLOBAL INC Stock	put	6,000	$431K
TECKTECK RESOURCES LTD Stock	call	25,000	$182K
PANWPALO ALTO NETWORKS INC COM	call	9,000	$101K

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

Security	Type	Amount	Value	Change
RACEFERRARI N V COM	principal	16,900,000	$16.6M	+900,000
QIAGEN N.V.QIAGEN N.V. COM SHS	principal	15,000,000	$15.3M	0
COINCOINBASE GLOBAL INC Stock	principal	6,550,000	$7.32M	+1,800,000
MSFTMICROSOFT CORP COM	principal	5,000,000	$5.67M	0
ZSZSCALER INC STOK	principal	4,750,000	$4.71M	new
DDOGDATADOG INC STOK	principal	4,567,000	$4.56M	-2,033,000
BILLBILL HOLDINGS INC COM	principal	4,450,000	$4.06M	0
ALNYALNYLAM PHARMACEUTICALS INC Stock	principal	4,000,000	$3.98M	+2,500,000
DXCMDEXCOM INC Stock	principal	4,000,000	$3.65M	0
WELLWELLTOWER INC REIT	principal	1,900,000	$2.78M	0
PCGPG&E CORP Stock	principal	1,867,850	$2.61M	0
NETCLOUDFLARE INC Stock	principal	2,100,000	$2.41M	+950,000
LYVLIVE NATION ENTERTAINMENT IN Stock	principal	2,000,000	$2.24M	0
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAEL Stock	principal	2,000,000	$2.23M	-2,000,000
BTGB2GOLD CORP Stock	principal	1,000,000	$1.7M	+500,000
HALOHALOZYME THERAPEUTICS INC Stock	principal	1,200,000	$1.69M	0
NEENEXTERA ENERGY INC COM	principal	1,350,000	$1.6M	0
SNOWSNOWFLAKE INC Stock	principal	1,000,000	$1.57M	0
FFORD MTR CO Stock	principal	1,550,000	$1.57M	0
AXONAXON ENTERPRISE INC STOK	principal	500,000	$1.57M	0
AWKAMERICAN WTR WKS CO INC NEW Stock	principal	1,500,000	$1.52M	0
DASHDOORDASH INC Stock	principal	1,300,000	$1.48M	+600,000
LITELUMENTUM HLDGS INC Stock	principal	600,000	$1.45M	0
RIVNRIVIAN AUTOMOTIVE INC Stock	principal	1,500,000	$1.44M	0
VRNSVARONIS SYS INC COM	principal	1,250,000	$1.37M	0
LYFTLYFT INC CL A COM	principal	1,000,000	$1.29M	0
AVAVAEROVIRONMENT INC Stock	principal	1,000,000	$1.23M	new
EXASEXACT SCIENCES CORP Stock	principal	1,200,000	$1.15M	0
MTHMERITAGE HOMES CORP Stock	principal	1,000,000	$1.03M	0
RBRKRUBRIK INC. CL A	principal	1,000,000	$1.02M	0
NTNXNUTANIX INC Stock	principal	700,000	$999K	0
GWREGUIDEWIRE SOFTWARE INC Stock	principal	850,000	$999K	0
MIRMIRION TECHNOLOGIES INC COM CL A	principal	800,000	$991K	0
MPMP MATERIALS CORP COM CL A	principal	300,000	$958K	-300,000
TTEKTETRA TECH INC NEW COM	principal	750,000	$815K	0
VTRVENTAS INC REIT	principal	550,000	$702K	0
IONSIONIS PHARMACEUTICALS INC Stock	principal	500,000	$685K	0
PSNPARSONS CORP DEL Stock	principal	600,000	$682K	-1,700,000
UPWKUPWORK INC COM	principal	700,000	$679K	0
GHGUARDANT HEALTH INC Stock	principal	500,000	$648K	0
DBXDROPBOX INC Stock	principal	600,000	$620K	0
ORAORMAT TECHNOLOGIES INC COM	principal	500,000	$606K	0
WWAYFAIR INC CL A	principal	400,000	$602K	-600,000
IMCRIMMUNOCORE HLDGS PLC ADR	principal	600,000	$543K	0
ASNDASCENDIS PHARMA A/S SPONSORED ADR	principal	400,000	$535K	0
SYNASYNAPTICS INC Stock	principal	500,000	$498K	0
WKWORKIVA INC Stock	principal	500,000	$494K	0
ONON SEMICONDUCTOR CORP Stock	principal	500,000	$464K	0
UPSTUPSTART HLDGS INC STOK	principal	500,000	$461K	new
MMSIMERIT MED SYS INC Stock	principal	400,000	$461K	0
CYTKCYTOKINETICS INC COM NEW	principal	350,000	$460K	0
WIXWIX COM LTD Stock	principal	400,000	$442K	-500,000
CORZCORE SCIENTIFIC INC NEW COM	principal	400,000	$438K	0
LNTHLANTHEUS HLDGS INC COM	principal	400,000	$423K	0
RGENREPLIGEN CORP Stock	principal	400,000	$405K	0
MARAMARA HOLDINGS INC Stock	principal	400,000	$401K	0
ENPHENPHASE ENERGY INC Stock	principal	400,000	$348K	0
FOURSHIFT4 PMTS INC Stock	principal	300,000	$297K	0
NVMINOVA LTD Stock	principal	250,000	$295K	new
AFRMAFFIRM HLDGS INC Stock	principal	250,000	$272K	0

Sold out in Q3 2025

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

Security	Shares before	Value before	Type
WCNWASTE CONNECTIONS INC	38,171	$7.1M	shares
HESS CORPHESS CORP	18,420	$2.56M	shares
YUMYUM BRANDS INC	14,789	$2.19M	shares
JUNIPER NETWORKS INCJUNIPER NETWORKS INC	59,068	$2.17M	shares
ATOATMOS ENERGY CORP	13,110	$2M	shares
NICENICE LTD	2,000,000	$1.97M	principal
IEXIDEX CORP	10,194	$1.8M	shares
KVUEKENVUE INC	84,770	$1.77M	shares
HPQHP INC	68,511	$1.7M	shares
GDDYGODADDY INC	8,663	$1.56M	shares
AIGAMERICAN INTL GROUP INC	17,543	$1.48M	shares
COOCOOPER COS INC	19,898	$1.42M	shares
APOAPOLLO GLOBAL MGMT INC	9,878	$1.41M	shares
GPNGLOBAL PMTS INC	17,350	$1.37M	shares
CHTRCHARTER COMMUNICATIONS INC	3,314	$1.33M	shares
STTSTATE STR CORP	11,336	$1.2M	shares
HUMHUMANA INC	4,808	$1.16M	shares
SNAPSNAP INC	1,200,000	$1.13M	principal
NCLHNORWEGIAN CRUISE LINE HLDGS	54,030	$1.09M	shares
ZSZSCALER INC	2,213	$698K	shares
BF-BBROWN FORMAN CORP	24,761	$655K	shares
TDOCTELADOC HEALTH INC	600,000	$554K	principal
BABOEING CO	2,569	$551K	shares
EXASEXACT SCIENCES CORP	10,236	$549K	shares
BMRNBIOMARIN PHARMACEUTICAL INC	9,921	$547K	shares
BXBLACKSTONE INC	3,409	$515K	shares
PHMPULTE GROUP INC	4,464	$471K	shares
KNXKNIGHT-SWIFT TRANSN HLDGS IN	10,000	$450K	shares
PAYCPAYCOM SOFTWARE INC	1,686	$383K	shares
MLMMARTIN MARIETTA MATLS INC	653	$359K	shares
HRLHORMEL FOODS CORP	11,174	$340K	shares
ANSYS INCANSYS INC	935	$325K	shares
ZSZSCALER INC	4,000	$252K	call
HAEHAEMONETICS CORP MASS	250,000	$249K	principal
FCPTFOUR CORNERS PPTY TR INC	7,926	$215K	shares
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAEL	2,400	$122K	call

How Q3 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).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001752724-25-215030	base		2025-12-01	acceptance time not in the bulk data set	2026-10-07 03:01:36 UTC