Groupe la Francaise

13F filer, CIK 2056088, PARIS, France

Groupe la Francaise reported $4,720,664,080 across 441 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-14. Its ten largest share positions make up 38.99% of the portfolio.

Filed 2025-05-14 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:06 UTC13F-HR 0000945621-25-000477

Period: 2025-03-31
Reported value: $4.72B
Holdings: 441
Top 10 weight: 38.99%
New: 138
Sold out: 30

Part of the filer group Groupe la Francaise

CIGOGNE MANAGEMENT SA Credit Mutuel Asset Management +1 other

How groups are built

Largest buys vs the previous quarter

Security	Shares change	Approx. value
RACEnew	+561,054	$239M
GOOGnew	+383,368	$63.2M
STLAnew	+5,365,212	$62.1M
CRHadded	+535,474	$46.4M
ETNadded	+159,942	$43.8M

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

Security	Shares change	Approx. value
BLKreduced	-2,493,577	-$2.31B
MSCIreduced	-394,788	-$223M
GOOGLreduced	-323,220	-$52.1M
TMUSreduced	-141,205	-$37.7M
SWexited	-564,184	-$30.4M

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, Q1 2025

Share positions as resolved from 13F-HR 0000945621-25-000477, largest first. % of portfolio is the value over $4,694,900,246, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
MSFTMICROSOFT CORP	839,603	$327M	6.96%	+59,477	Timeline
NVDANVIDIA CORPORATION	2,292,981	$256M	5.45%	+362,777	Timeline
RACEFERRARI N V	561,054	$239M	5.09%	new	Timeline
AMZNAMAZON COM INC	1,070,907	$214M	4.56%	-8,698	Timeline
AAPLAPPLE INC	910,250	$202M	4.3%	+48,233	Timeline
GIBCGI INC	1,587,712	$158M	3.36%	+48,000	Timeline
METAMETA PLATFORMS INC	201,791	$121M	2.59%	-7,157	Timeline
JPMJPMORGAN CHASE & CO	437,334	$108M	2.3%	+69,882	Timeline
VVISA INC	305,233	$106M	2.26%	+79,093	Timeline
CRHCRH PLC	1,154,803	$100M	2.13%	+535,474	Timeline
LINLINDE PLC	210,199	$96.8M	2.06%	+24,185	Timeline
AVGOBROADCOM INC	542,490	$94.6M	2.01%	+139,028	Timeline
LLYELI LILLY & CO	108,479	$89M	1.9%	-2,900	Timeline
GOOGLALPHABET INC	548,282	$88.3M	1.88%	-323,220	Timeline
NFLXNETFLIX INC.	82,445	$80.5M	1.71%	+44,848	Timeline
ETNEATON CORP PLC	290,345	$79.6M	1.69%	+159,942	Timeline
COSTCOSTCO WHOLESALE CORPORATION	71,923	$67.5M	1.44%	+6,046	Timeline
WMTWALMART INC	773,083	$66.2M	1.41%	+165,210	Timeline
GOOGALPHABET INC	383,368	$63.2M	1.35%	new	Timeline
STLASTELLANTIS N.V	5,365,212	$62.1M	1.32%	new	Timeline
TSMTAIWAN SEMICONDUCTOR MANUFAC	334,259	$56.5M	1.2%	+22,758	Timeline
ACNACCENTURE PLC IRELAND	185,292	$54M	1.15%	+119,859	Timeline
GEGE AEROSPACE	243,792	$50.2M	1.07%	-1,801	Timeline
MAMASTERCARD INCORPORATED	89,642	$49.9M	1.06%	+7,551	Timeline
KOCOCA COLA CO	689,037	$48.2M	1.03%	-21,326	Timeline
AXPAMERICAN EXPRESS CO	166,370	$45M	0.96%	+44,245	Timeline
TMUST-MOBILE US INC	165,644	$44.3M	0.94%	-141,205	Timeline
CRMSALESFORCE INC	158,797	$44M	0.94%	+31,866	Timeline
BKNGBOOKING HOLDINGS INC	9,180	$43.6M	0.93%	+2,578	Timeline
BACBANK OF AMER CORP	956,377	$40.6M	0.87%	+43,540	Timeline
ORCLORACLE CORP	275,157	$40.1M	0.85%	+125,638	Timeline
ISRGINTUITIVE SURGICAL INC	73,945	$37.5M	0.8%	+22,015	Timeline
CBCHUBB LIMITED	124,635	$37.2M	0.79%	new	Timeline
NOWSERVICENOW INC	43,292	$36M	0.77%	+1,286	Timeline
PANWPALO ALTO NETWORKS INC	200,266	$35.4M	0.75%	+4,445	Timeline
UBERUBER TECHNOLOGIES INC	468,015	$35M	0.75%	-10,552	Timeline
BSXBOSTON SCIENTIFIC CORP	335,082	$33.6M	0.72%	+38,701	Timeline
MELIMERCADOLIBRE INC	15,583	$32.7M	0.7%	-3,045	Timeline
TMOTHERMO FISHER SCIENTIFIC INC	63,793	$32.2M	0.68%	-1,595	Timeline
BABAALIBABA GROUP HLDG LTD	197,992	$26.8M	0.57%	+12,568	Timeline
HLTHILTON WORLDWIDE HLDGS INC	106,974	$24.6M	0.52%	+14,358	Timeline
BLKBLACKROCK INC	23,239	$21.6M	0.46%	-2,493,577	Timeline
GEVGE VERNOVA INC	70,292	$21.3M	0.45%	+36,871	Timeline
FISVFISERV INC	84,578	$18.6M	0.4%	+17,607	Timeline
MCDMCDONALDS CORP	55,990	$16.9M	0.36%	+8,508	Timeline
MSIMOTOROLA SOLUTIONS INC	38,917	$16.8M	0.36%	-4,764	Timeline
AEMAGNICO EAGLE MINES LTD	155,851	$16.7M	0.36%	+12,691	Timeline
SNPSSYNOPSYS INC	35,945	$16.1M	0.34%	-2,856	Timeline
WMWASTE MGMT INC DEL	70,957	$16M	0.34%	+9,027	Timeline
DBDEUTSCHE BK AG	608,396	$15M	0.32%	new	Timeline
TCOMTRIP COM GROUP LTD	227,386	$14.8M	0.32%	-34,663	Timeline
PGPROCTER & GAMBLE CO	88,189	$14.8M	0.31%	-4,547	Timeline
UNHUNITEDHEALTH GROUP INC	28,198	$14.5M	0.31%	-1,285	Timeline
RLRALPH LAUREN CORP	60,741	$13.7M	0.29%	+4,432	Timeline
SPOTSPOTIFY TECHNOLOGY S A	23,169	$13.3M	0.28%	new	Timeline
FNVFRANCO NEV CORP	78,500	$12.3M	0.26%	+11,000	Timeline
KLACKLA CORP	17,391	$12.1M	0.26%	-3,772	Timeline
CMGCHIPOTLE MEXICAN GRILL INC	229,623	$11.7M	0.25%	-171,449	Timeline
INTRA-CELLULAR THERAPIES INCINTRA-CELLULAR THERAPIES INC	88,438	$11.7M	0.25%	new
TJXTJX COS INC NEW	96,368	$11.6M	0.25%	+29,126	Timeline
NKENIKE INC	175,692	$11.5M	0.25%	+118,287	Timeline
ONONON HLDG AG	248,837	$11.4M	0.24%	new	Timeline
WELLWELLTOWER INC	75,908	$11.4M	0.24%	+7,426	Timeline
YUMCYUM CHINA HLDGS INC	206,117	$11M	0.23%	+140,713	Timeline
NEMNEWMONT CORP	225,500	$10.9M	0.23%	+15,768	Timeline
HWMHOWMET AEROSPACE INC	81,570	$10.8M	0.23%	+16,793	Timeline
CRWDCROWDSTRIKE HLDGS INC	29,098	$10.7M	0.23%	-6,002	Timeline
EMREMERSON ELEC CO	94,967	$10.6M	0.23%	+13,363	Timeline
APHAMPHENOL CORP	148,362	$10.1M	0.22%	+18,333	Timeline
AGIALAMOS GOLD INC	377,000	$10M	0.21%	+7,000	Timeline
DESPEGAR COM CORPDESPEGAR COM CORP	515,000	$9.68M	0.21%	new
CDNSCADENCE DESIGN SYSTEM INC	36,075	$9.51M	0.2%	+2,457	Timeline
AWKAMERICAN WTR WKS CO INC NEW	66,958	$9.44M	0.2%	-12,756	Timeline
PRUPRUDENTIAL FINL INC	81,986	$9.38M	0.2%	+10,191	Timeline
DECKDECKERS OUTDOOR CORP	78,604	$9.19M	0.2%	-32,106	Timeline
KGCKINROSS GOLD CORP	725,000	$9.01M	0.19%	-25,000	Timeline
PWRQUANTA SVCS INC	34,457	$8.78M	0.19%	+22,470	Timeline
VRTVERTIV HOLDINGS CO	111,794	$8.76M	0.19%	new	Timeline
TTTRANE TECHNOLOGIES PLC	26,371	$8.69M	0.19%	+19,501	Timeline
PHPARKER-HANNIFIN CORP	13,504	$8.45M	0.18%	+6,107	Timeline
CLCOLGATE PALMOLIVE CO	89,835	$8.11M	0.17%	-3,587	Timeline
AMPAMERIPRISE FINL INC	15,834	$7.9M	0.17%	+1,941	Timeline
XYLXYLEM INC	64,909	$7.9M	0.17%	-15,386	Timeline
ADIANALOG DEVICES INC	37,558	$7.85M	0.17%	-7,341	Timeline
MRSHMARSH & MCLENNAN COS INC	32,164	$7.83M	0.17%	+3,443	Timeline
ANETARISTA NETWORKS INC	99,034	$7.82M	0.17%	+44,970	Timeline
OKEONEOK INC NEW	77,949	$7.69M	0.16%	+5,726	Timeline
TRGPTARGA RES CORP	38,266	$7.62M	0.16%	+3,143	Timeline
ORLAORLA MNG LTD NEW	800,000	$7.43M	0.16%	0	Timeline
FSLRFIRST SOLAR INC	58,330	$7.38M	0.16%	-3,718	Timeline
RSGREPUBLIC SVCS INC	30,804	$7.34M	0.16%	-11,334	Timeline
AMDADVANCED MICRO DEVICES INC	66,016	$7M	0.15%	-26,513	Timeline
BARRICK GOLD CORPBARRICK GOLD CORP	508,889	$6.99M	0.15%	+86,287
TXNTEXAS INSTRS INC	38,388	$6.94M	0.15%	+3,634	Timeline
WABWABTEC	36,547	$6.83M	0.15%	+4,709	Timeline
FERFERROVIAL NV	150,200	$6.82M	0.15%	new	Timeline
TRVTRAVELERS COMPANIES INC	25,716	$6.76M	0.14%	+2,621	Timeline
FTVFORTIVE CORP	90,102	$6.72M	0.14%	+11,051	Timeline
NGDNEW GOLD INC	1,850,000	$6.65M	0.14%	+50,000	Timeline
NUNU HLDGS LTD	595,883	$6.61M	0.14%	-26,106	Timeline
PAYCOR HCM INCPAYCOR HCM INC	291,372	$6.54M	0.14%	new
DEDEERE & CO	13,591	$6.52M	0.14%	+627	Timeline
PLAYA HOTELS & RESORTS NVPLAYA HOTELS & RESORTS NV	481,998	$6.43M	0.14%	new
DDOGDATADOG INC	59,838	$6.27M	0.13%	new	Timeline
SPGIS&P GLOBAL INC	12,168	$6.19M	0.13%	+804	Timeline
MRKMERCK & CO INC	70,404	$6.16M	0.13%	-119,337	Timeline
MMYTMAKEMYTRIP LIMITED MAURITIUS	57,248	$6.08M	0.13%	new	Timeline
HDHOME DEPOT INC	16,512	$5.96M	0.13%	+1,450	Timeline
ITWILLINOIS TOOL WKS INC	23,541	$5.93M	0.13%	+2,453	Timeline
GFIGOLD FIELDS LTD	280,000	$5.87M	0.13%	+60,000	Timeline
XYZBLOCK INC	102,588	$5.85M	0.12%	+40,140	Timeline
INTUINTUIT	9,482	$5.83M	0.12%	-4,213	Timeline
QIAGEN N.V.QIAGEN N.V.	144,691	$5.77M	0.12%	new
VLTOVERALTO CORP	58,096	$5.69M	0.12%	-4,957	Timeline
SPGSIMON PPTY GROUP INC NEW	34,000	$5.64M	0.12%	+3,784	Timeline
GSGOLDMAN SACHS GROUP INC	9,955	$5.56M	0.12%	+9,838	Timeline
KKELLANOVA	67,315	$5.55M	0.12%	+50,000	Timeline
DHRDANAHER CORP DEL	26,085	$5.48M	0.12%	-6,244	Timeline
FTNTFORTINET INC	54,751	$5.45M	0.12%	+9,032	Timeline
VICIVICI PPTYS INC	170,097	$5.42M	0.12%	+18,114	Timeline
CATCATERPILLAR INC	15,968	$5.36M	0.11%	+1,046	Timeline
CHDCHURCH & DWIGHT CO INC	49,103	$5.32M	0.11%	+5,844	Timeline
VRSKVERISK ANALYTICS INC	17,793	$5.28M	0.11%	+2,165	Timeline
ADPAUTOMATIC DATA PROCESSING IN	17,126	$5.23M	0.11%	+1,737	Timeline
AVBAVALONBAY CMNTYS INC	24,536	$5.23M	0.11%	+2,867	Timeline
CCEPCOCA-COLA EUROPACIFIC PARTNE	60,311	$5.19M	0.11%	new	Timeline
PEGPUBLIC SVC ENTERPRISE GROUP	64,146	$5.18M	0.11%	+7,656	Timeline
ENSTAR GROUP LIMITEDENSTAR GROUP LIMITED	14,928	$4.96M	0.11%	new
EVERI HLDGS INCEVERI HLDGS INC	362,565	$4.96M	0.11%	new
LNGCHENIERE ENERGY INC	21,761	$4.94M	0.11%	-512	Timeline
ADSKAUTODESK INC	18,270	$4.93M	0.1%	+2,276	Timeline
REGNREGENERON PHARMACEUTICALS	8,027	$4.92M	0.1%	-8,034	Timeline
KEYSKEYSIGHT TECHNOLOGIES INC	31,486	$4.88M	0.1%	+4,137	Timeline
AERAERCAP HOLDINGS NV	47,477	$4.88M	0.1%	new	Timeline
JUNIPER NETWORKS INCJUNIPER NETWORKS INC	132,721	$4.8M	0.1%	new
TSCOTRACTOR SUPPLY CO	88,405	$4.79M	0.1%	+14,810	Timeline
MSCIMSCI INC	8,436	$4.77M	0.1%	-394,788	Timeline
TRMBTRIMBLE INC	70,044	$4.76M	0.1%	+8,357	Timeline
FYBRFRONTIER COMMUNICATIONS PARE	131,801	$4.73M	0.1%	new	Timeline
EQXEQUINOX GOLD CORP	670,000	$4.72M	0.1%	+20,000	Timeline
BRBROADRIDGE FINL SOLUTIONS IN	19,341	$4.62M	0.1%	+2,485	Timeline
NDAQNASDAQ INC	59,451	$4.54M	0.1%	+7,819	Timeline
OTISOTIS WORLDWIDE CORP	43,418	$4.47M	0.1%	+5,391	Timeline
FASTFASTENAL CO	56,538	$4.39M	0.09%	+7,643	Timeline
ANSYS INCANSYS INC	13,370	$4.31M	0.09%	+1,963
DISDISNEY WALT CO	42,415	$4.24M	0.09%	+1,933	Timeline
NTRSNORTHERN TR CORP	41,593	$4.18M	0.09%	+5,816	Timeline
FSMFORTUNA MNG CORP	665,000	$4.13M	0.09%	+15,000	Timeline
PLAYAGS INCPLAYAGS INC	332,629	$4.03M	0.09%	new
FCXFREEPORT MCMORAN INC	100,000	$4M	0.09%	+5,000	Timeline
PFEPFIZER INC	162,213	$3.97M	0.08%	+19,291	Timeline
BEPBROOKFIELD RENEWABLE ENERGY	162,557	$3.97M	0.08%	+28,058	Timeline
AMATAPPLIED MATLS INC	26,671	$3.94M	0.08%	+5,900	Timeline
PAYXPAYCHEX INC	25,922	$3.94M	0.08%	+3,518	Timeline
BXPBXP INC	56,533	$3.86M	0.08%	+8,222	Timeline
PARAGON 28 INCPARAGON 28 INC	295,590	$3.85M	0.08%	new
AAGILENT TECHNOLOGIES INC	32,263	$3.84M	0.08%	+3,874	Timeline
ABBVABBVIE INC	18,910	$3.83M	0.08%	+2,344	Timeline
PYPLPAYPAL HLDGS INC	55,580	$3.83M	0.08%	+54,772	Timeline
PATTERSON COS INCPATTERSON COS INC	122,435	$3.82M	0.08%	new
DUN & BRADSTREET HLDGS INCDUN & BRADSTREET HLDGS INC	424,580	$3.8M	0.08%	new
ITRIITRON INC	35,725	$3.76M	0.08%	+27,829	Timeline
PLDPROLOGIS INC.	33,671	$3.71M	0.08%	-6,543	Timeline
SYKSTRYKER CORPORATION	10,007	$3.68M	0.08%	+5,802	Timeline
EAELECTRONIC ARTS INC	25,244	$3.67M	0.08%	+1,130	Timeline
Surmodics IncSurmodics Inc	119,500	$3.65M	0.08%	new
JNJJOHNSON & JOHNSON	22,404	$3.61M	0.08%	-25,851	Timeline
SKESKEENA RES LTD NEW	350,000	$3.61M	0.08%	-50,000	Timeline
CGAUCENTERRA GOLD INC	560,000	$3.57M	0.08%	+10,000	Timeline
IBNICICI BK LTD	113,816	$3.56M	0.08%	0	Timeline
IAGIAMGOLD CORP	550,000	$3.51M	0.07%	0	Timeline
SGRYSURGERY PARTNERS INC	146,999	$3.49M	0.07%	new	Timeline
ALLALLSTATE CORP	16,501	$3.45M	0.07%	+1,490	Timeline
ELSEQUITY LIFESTYLE PROPERTIES	52,067	$3.42M	0.07%	+4,988	Timeline
NXTNEXTPOWER INC	79,639	$3.4M	0.07%	-44,358	Timeline
Checkpoint Therapeutics IncCheckpoint Therapeutics Inc	840,000	$3.39M	0.07%	new
RGLDROYAL GOLD INC	20,000	$3.23M	0.07%	+500	Timeline
LRCXLAM RESEARCH CORP	42,954	$3.21M	0.07%	+38,460	Timeline
PFGPRINCIPAL FINANCIAL GROUP IN	37,705	$3.21M	0.07%	+5,139	Timeline
PEPPEPSICO INC	21,421	$3.21M	0.07%	-26,115	Timeline
VRTXVERTEX PHARMACEUTICALS INC	6,364	$3.2M	0.07%	+741	Timeline
FERGFERGUSON ENTERPRISES INC	19,615	$3.2M	0.07%	+3,211	Timeline
PAASPAN AMERN SILVER CORP	172,524	$3.17M	0.07%	+13,736	Timeline
SJMSMUCKER J M CO	26,621	$3.11M	0.07%	+10,272	Timeline
EQIXEQUINIX INC	3,762	$3.1M	0.07%	+439	Timeline
STESTERIS PLC	13,834	$3.1M	0.07%	+1,850	Timeline
NEENEXTERA ENERGY INC	44,898	$3.09M	0.07%	-44,573	Timeline
STXSEAGATE TECHNOLOGY HLDNGS PL	34,983	$3.06M	0.07%	+34,080	Timeline
ADBEADOBE INC	7,729	$3.05M	0.07%	-8,197	Timeline
ZTSZOETIS INC	19,268	$3.02M	0.06%	+10,947	Timeline
BF-BBROWN FORMAN CORP	86,967	$3M	0.06%	+31,633	Timeline
TFCTRUIST FINL CORP	71,697	$2.97M	0.06%	+5,334	Timeline
DLRDIGITAL RLTY TR INC	20,419	$2.96M	0.06%	+2,796	Timeline
SSENTINELONE INC	145,870	$2.94M	0.06%	+11,250	Timeline
IFFINTERNATIONAL FLAVORS&FRAGRA	37,800	$2.91M	0.06%	0	Timeline
ALLEALLEGION PLC	22,226	$2.89M	0.06%	+723	Timeline
GLOBAL BLUE GROUP HOLDING A…GLOBAL BLUE GROUP HOLDING AG ORD …	389,400	$2.87M	0.06%	new
BALLBALL CORP	55,506	$2.86M	0.06%	-994	Timeline
SSRMSSR MINING IN	255,000	$2.85M	0.06%	+5,000	Timeline
DXCMDEXCOM INC	40,846	$2.84M	0.06%	+3,288	Timeline
ARMARM HOLDINGS PLC	24,642	$2.77M	0.06%	+6,307	Timeline
IDXXIDEXX LABS INC	6,546	$2.77M	0.06%	+734	Timeline
AMEDISYS INCAMEDISYS INC	29,649	$2.75M	0.06%	new
UBSUBS GROUP AG	85,653	$2.74M	0.06%	new	Timeline
NEVRO CORPNEVRO CORP	465,237	$2.72M	0.06%	new
PACTIV EVERGREEN INCPACTIV EVERGREEN INC	150,000	$2.7M	0.06%	new
SWKSSKYWORKS SOLUTIONS INC	40,193	$2.66M	0.06%	+15,608	Timeline
GWWWW GRAINGER INC	2,669	$2.63M	0.06%	+719	Timeline
ELLAUDER ESTEE COS INC	39,171	$2.6M	0.06%	+20,912	Timeline
BTGB2GOLD CORP	820,000	$2.59M	0.06%	+120,000	Timeline
CEGCONSTELLATION ENERGY CORP	12,171	$2.56M	0.05%	-4,773	Timeline
CFCF INDUSTRIES HOLD	32,517	$2.54M	0.05%	+5,491	Timeline
APTVAPTIV PLC	40,543	$2.52M	0.05%	new	Timeline
FIRST FINANCIAL NORTHWEST INFIRST FINANCIAL NORTHWEST IN	109,382	$2.48M	0.05%	new
GFLGFL ENVIRONMENTAL INC	38,879	$2.41M	0.05%	-69,058	Timeline
2SEVENTY BIO INC COMMON STO…2SEVENTY BIO INC COMMON STOCK	480,000	$2.38M	0.05%	new
ALTUS POWER INCALTUS POWER INC	479,818	$2.38M	0.05%	new
MUMICRON TECHNOLOGY INC	25,477	$2.32M	0.05%	new	Timeline
GAN LTDGAN LTD	1,295,391	$2.29M	0.05%	new
HPQHP INC	79,671	$2.28M	0.05%	new	Timeline
CHIMERIX INC COMCHIMERIX INC COM	255,000	$2.17M	0.05%	new
WYWEYERHAEUSER CO	72,932	$2.16M	0.05%	0	Timeline
VZVERIZON COMMUNICATIONS INC	47,641	$2.14M	0.05%	-141,023	Timeline
MONEYLION INCMONEYLION INC	24,000	$2.08M	0.04%	new
EXKENDEAVOUR SILVER CORP	450,000	$2.04M	0.04%	+100,000	Timeline
CDECOEUR MNG INC	320,000	$2.03M	0.04%	+20,000	Timeline
SRGSERITAGE GROWTH PPTYS	619,871	$2M	0.04%	new	Timeline
CSLCARLISLE COS INC	5,704	$1.99M	0.04%	+1,869	Timeline
MTWMANITOWOC CO INC	212,999	$1.99M	0.04%	0	Timeline
OPTINOSE INCOPTINOSE INC	207,000	$1.9M	0.04%	new
RNWRENEW ENERGY GLOBAL PLC	316,309	$1.89M	0.04%	new	Timeline
TRIUMPH GROUP INC NEWTRIUMPH GROUP INC NEW	71,999	$1.82M	0.04%	new
LNSRLENSAR INC	126,000	$1.78M	0.04%	new	Timeline
UPSUNITED PARCEL SVCS INC	16,050	$1.76M	0.04%	-2,928	Timeline
CNLCOLLECTIVE MINING LTD	200,000	$1.72M	0.04%	new	Timeline
GRFSGRIFOLS S A	238,928	$1.7M	0.04%	new	Timeline
CLHCLEAN HARBORS INC	8,380	$1.67M	0.04%	-8,495	Timeline
MRVLMARVELL TECHNOLOGY INC	25,090	$1.63M	0.03%	new	Timeline
IBMINTERNATIONAL BUSINESS MACHS	6,593	$1.61M	0.03%	+209	Timeline
MARKFORGED HLDG CORP EQUCOR…MARKFORGED HLDG CORP EQUCORP ACT …	341,480	$1.6M	0.03%	new
ACCOLADE INCACCOLADE INC	226,800	$1.59M	0.03%	new
CCRNCROSS CTRY HEALTHCARE INC	105,159	$1.57M	0.03%	new	Timeline
HASIHA SUSTAINABLE INFRA CAP INC	53,193	$1.56M	0.03%	-13,650	Timeline
BSYBENTLEY SYS INC	38,485	$1.55M	0.03%	-17,931	Timeline
EROERO COPPER CORP	100,000	$1.3M	0.03%	0	Timeline
TTWOTAKE-TWO INTERACTIVE SOFTWAR	5,756	$1.23M	0.03%	new	Timeline
SOHO HOUSE & CO INCSOHO HOUSE & CO INC	192,952	$1.19M	0.03%	new
SBSCOMPANHIA DE SANEAMENTO BASI	64,365	$1.16M	0.02%	-45,158	Timeline
GLOBGLOBANT S A	8,954	$1.13M	0.02%	new	Timeline
AMTAMERICAN TOWER CORP	5,085	$1.09M	0.02%	-2,689	Timeline
INBXINHIBRX BIOSCIENCES INC	75,932	$1.06M	0.02%	new	Timeline
OCOWENS CORNING NEW	7,197	$1.06M	0.02%	-722	Timeline
LOWLOWES COS INC	4,325	$1M	0.02%	+992	Timeline
GMGENERAL MTRS CO	21,069	$994K	0.02%	-21,310	Timeline
Sequans Communications SASequans Communications SA	470,641	$988K	0.02%	new
AIR TRANSPORT SERVICES GRP IAIR TRANSPORT SERVICES GRP I	42,847	$962K	0.02%	new
ABTABBOTT LABORATORIES	7,012	$890K	0.02%	-19,371	Timeline
ALGMALLEGRO MICROSYSTEMS INC	37,137	$878K	0.02%	new	Timeline
ALCALCON AG	8,010	$763K	0.02%	new	Timeline
BLUEBIRD BIO INC COM NEWBLUEBIRD BIO INC COM NEW	135,000	$679K	0.01%	new
BEACON ROOFING SUPPLY INCBEACON ROOFING SUPPLY INC	5,400	$668K	0.01%	new
GUESS? INCGUESS? INC	60,001	$664K	0.01%	new
OREALTY INCOME CORP	11,657	$655K	0.01%	+1,958	Timeline
NXPINXP SEMICONDUCTORS N V	3,247	$650K	0.01%	new	Timeline
EPREPR PPTYS	12,140	$623K	0.01%	-461	Timeline
ESSESSEX PPTY TR INC	1,989	$606K	0.01%	-85	Timeline
CTRECARETRUST REIT INC	20,572	$588K	0.01%	+2,575	Timeline
UDRUDR INC	13,076	$578K	0.01%	new	Timeline
NNNNNN REIT INC	13,710	$576K	0.01%	+1,151	Timeline
RYNRAYONIER INC	20,535	$572K	0.01%	new	Timeline
LTCLTC PPTYS INC	16,219	$567K	0.01%	+601	Timeline
PBAPEMBINA PIPELINE CORP	14,281	$566K	0.01%	-144	Timeline
VMRKVIVMARK RESIDENTIAL	7,935	$565K	0.01%	-245	Timeline
EPRTESSENTIAL PPTYS RLTY TR INC	17,131	$559K	0.01%	new	Timeline
REGREGENCY CTRS CORP	7,635	$553K	0.01%	-521	Timeline
OHIOMEGA HEALTHCARE INVS INC	14,545	$545K	0.01%	+405	Timeline
FRFIRST INDL RLTY TR INC	9,885	$536K	0.01%	new	Timeline
PSAPUBLIC STORAGE	1,833	$535K	0.01%	+92	Timeline
BRXBRIXMOR PPTY GROUP INC	20,138	$529K	0.01%	-1,902	Timeline
SKTTANGER INC	16,021	$526K	0.01%	-1,972	Timeline
OSISKO GOLD ROYALTIES LTDOSISKO GOLD ROYALTIES LTD	25,000	$526K	0.01%	new
DMDESKTOP METAL INC CLASS A COM	105,389	$517K	0.01%	new	Timeline
LAMRLAMAR ADVERTISING CO	4,534	$510K	0.01%	0	Timeline
BLKBBLACKBAUD INC	8,138	$505K	0.01%	new	Timeline
UEURBAN EDGE PPTYS	26,492	$500K	0.01%	0	Timeline
CDPCOPT DEFENSE PROPERTIES	18,233	$494K	0.01%	0	Timeline
FRTFEDERAL RLTY INVT TR NEW	5,092	$493K	0.01%	-338	Timeline
AKRACADIA RLTY TR	23,165	$489K	0.01%	new	Timeline
LWAYLIFEWAY FOODS INC	19,906	$487K	0.01%	new	Timeline
CSCOCISCO SYS INC	8,010	$484K	0.01%	+1,526	Timeline
RHPRYMAN HOSPITALITY PPTYS INC	5,175	$484K	0.01%	-168	Timeline
TTECTTEC HLDGS INC	146,002	$480K	0.01%	new	Timeline
QCOMQUALCOMM INC	2,956	$467K	0.01%	+253	Timeline
ROKROCKWELL AUTOMATION INC	1,734	$465K	0.01%	-116	Timeline
KMIKINDER MORGAN INC DEL	16,330	$461K	0.01%	+1,048	Timeline
HSTHOST HOTELS & RESORTS INC	31,406	$456K	0.01%	-2,263	Timeline
ECLECOLAB INC	1,800	$455K	0.01%	0	Timeline
MCOMOODYS CORP	896	$420K	0.01%	-140	Timeline
BNTXBIONTECH SE	4,200	$418K	0.01%	0	Timeline
CCICROWN CASTLE INC	4,014	$412K	0.01%	-281	Timeline
PODDINSULET CORP	1,500	$411K	0.01%	0	Timeline
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAEL	1,200	$409K	0.01%	new
EDCONSOLIDATED EDISON INC	3,680	$397K	0.01%	-27	Timeline
PLTRPALANTIR TECHNOLOGIES INC	5,408	$391K	0.01%	-2,083	Timeline
SBACSBA COMMUNICATIONS CORP	1,777	$385K	0.01%	+156	Timeline
PGRPROGRESSIVE CORP	1,396	$383K	0.01%	-982	Timeline
NWNNORTHWEST NAT HLDG CO	9,137	$381K	0.01%	new	Timeline
CMICUMMINS INC	1,174	$380K	0.01%	+156	Timeline
NJRNEW JERSEY RES CORP	7,739	$374K	0.01%	-520	Timeline
OGSONE GAS INC	5,055	$373K	0.01%	-152	Timeline
EXCEXELON CORP	8,208	$363K	0.01%	-1,301	Timeline
BNYBANK OF NY MELLON CORP	4,292	$363K	0.01%	-464	Timeline
TRPTC ENERGY CORP	7,498	$360K	0.01%	-400	Timeline
ATOATMOS ENERGY CORP	2,384	$360K	0.01%	new	Timeline
THCTENET HEALTHCARE CORP	2,666	$358K	0.01%	0	Timeline
ETRENTERGY CORP NEW	4,234	$356K	0.01%	-870	Timeline
VRSNVERISIGN INC	1,374	$350K	0.01%	0	Timeline
MRNAMODERNA INC	10,005	$338K	0.01%	-17,105	Timeline
CNICANADIAN NATL RY CO	3,381	$335K	0.01%	0	Timeline
WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INC	30,000	$335K	0.01%	new
UNPUNION PAC CORP	1,401	$331K	0.01%	-1,438	Timeline
CPCANADIAN PACIFIC KANSAS CITY	4,634	$330K	0.01%	0	Timeline
HONHONEYWELL INTL INC	1,541	$330K	0.01%	-908	Timeline
IQVIQVIA HLDGS INC	1,600	$298K	0.01%	0	Timeline
SRESEMPRA	4,183	$293K	0.01%	-436	Timeline
APOAPOLLO GLOBAL MGMT INC	1,903	$270K	0.01%	new	Timeline
BRK-BBERKSHIRE HATHAWAY INC DEL	554	$267K	0.01%	+104	Timeline
STTSTATE STR CORP	2,816	$258K	0.01%	+211	Timeline
EIXEDISON INTL	4,438	$254K	0.01%	-1,050	Timeline
GILDGILEAD SCIENCES INC	2,264	$252K	0.01%	new	Timeline
ICLRICON PUB LTD CO	1,300	$240K	0.01%	0	Timeline
GILGILDAN ACTIVEWEAR INC	5,335	$238K	0.01%	-962	Timeline
LNTHLANTHEUS HLDGS INC	2,250	$224K	<0.01%	0	Timeline
DOVDOVER CORP	1,196	$214K	<0.01%	-219	Timeline
NTRNUTRIEN LTD	5,185	$213K	<0.01%	+1,331	Timeline
LDOSLEIDOS HOLDINGS INC	1,566	$212K	<0.01%	+91	Timeline
BGBUNGE GLOBAL SA	2,738	$209K	<0.01%	-432	Timeline
PNRPENTAIR PLC	2,185	$195K	<0.01%	new	Timeline
PNCPNC FINL SVCS GROUP INC	1,046	$183K	<0.01%	-191	Timeline
RUNSUNRUN INC	28,038	$169K	<0.01%	-12,856	Timeline
EWEDWARDS LIFESCIENCES CORP	2,340	$167K	<0.01%	-364	Timeline
IRINGERSOLL RAND INC	2,008	$163K	<0.01%	-1,019	Timeline
MCKMCKESSON CORP	238	$158K	<0.01%	-18	Timeline
CHKPCHECK POINT SOFTWARE TECH LT	682	$158K	<0.01%	new	Timeline
WSTWEST PHARMACEUTICAL SVSC INC	677	$153K	<0.01%	-8,019	Timeline
VEEVVEEVA SYS INC	613	$146K	<0.01%	new	Timeline
EQHEQUITABLE HLDGS INC	2,726	$145K	<0.01%	+847	Timeline
DAYDAYFORCE INC	2,405	$143K	<0.01%	new	Timeline
URIUNITED RENTALS INC	218	$141K	<0.01%	-57	Timeline
HOLXHOLOGIC INC	2,233	$139K	<0.01%	-184	Timeline
RYROYAL BK CDA	1,179	$135K	<0.01%	new	Timeline
PPGPPG INDS INC	1,197	$130K	<0.01%	+55	Timeline
GROYGOLD ROYALTY CORP	86,364	$129K	<0.01%	new	Timeline
CCJCAMECO CORP	2,981	$126K	<0.01%	new	Timeline
LPLALPL FINL HLDGS INC	376	$125K	<0.01%	new	Timeline
CHEER HLDG INCCHEER HLDG INC	88,035	$117K	<0.01%	new
HPEHEWLETT PACKARD ENTERPRISE C	6,515	$104K	<0.01%	-33,485	Timeline
APDAIR PRODUCTS AND CHEMICALS I	400	$103K	<0.01%	0	Timeline
GISGENERAL MILLS INC	1,715	$102K	<0.01%	+311	Timeline
DELLDELL TECHNOLOGIES INC	1,041	$101K	<0.01%	new	Timeline
BKRBAKER HUGHES COMPANY	2,305	$101K	<0.01%	+196	Timeline
EBAYEBAY INC.	1,498	$100K	<0.01%	new	Timeline
CRLCHARLES RIV LABS INTL INC	590	$98.7K	<0.01%	+182	Timeline
GLWCORNING INC	2,111	$98.3K	<0.01%	new	Timeline
SYYSYSCO CORP	1,325	$98.1K	<0.01%	new	Timeline
INTCINTEL CORP	5,010	$97.2K	<0.01%	+334	Timeline
PCARPACCAR INC	978	$96K	<0.01%	-27,074	Timeline
WSMWILLIAMS SONOMA INC	583	$95.9K	<0.01%	+67	Timeline
CTSHCOGNIZANT TECHNOLOGY SOLUTIO	1,229	$95.3K	<0.01%	+90	Timeline
YUMYUM BRANDS INC	602	$94.9K	<0.01%	-68	Timeline
BABOEING CO	650	$86.8K	<0.01%	0	Timeline
ALBALBEMARLE CORP	1,134	$84.8K	<0.01%	0	Timeline
MCHIISHARES TR	1,500	$82.5K	<0.01%	new	Timeline
BAHBOOZ ALLEN HAMILTON HLDG COR	657	$69.5K	<0.01%	new	Timeline
GENGEN DIGITAL INC	2,533	$69.3K	<0.01%	-466	Timeline
MSMORGAN STANLEY	574	$68.3K	<0.01%	new	Timeline
SYFSYNCHRONY FINANCIAL	1,236	$66.9K	<0.01%	+324	Timeline
AMCOR PLCAMCOR PLC	6,662	$64.7K	<0.01%	new
HUBBHUBBELL INC	168	$57.5K	<0.01%	new	Timeline
KRKROGER CO	780	$51.6K	<0.01%	new	Timeline
HCAHCA HEALTHCARE INC	143	$49K	<0.01%	new	Timeline
CAHCARDINAL HEALTH INC	356	$48.6K	<0.01%	-398	Timeline
ELVELEVANCE HEALTH INC FORMERLY	107	$46.2K	<0.01%	-5,230	Timeline
RMDRESMED INC	204	$45.4K	<0.01%	new	Timeline
USBUS BANCORP	941	$40.7K	<0.01%	new	Timeline
RFREGIONS FINANCIAL CORP NEW	1,847	$40.5K	<0.01%	new	Timeline
CMCANADIAN IMPERIAL BANK OF CO	698	$39.8K	<0.01%	-716	Timeline
LMTLOCKHEED MARTIN CORP	90	$38K	<0.01%	0	Timeline
JBLJABIL INC	246	$34.3K	<0.01%	+64	Timeline
AFLAFLAC INC	305	$33.8K	<0.01%	new	Timeline
FFIVF5 INC	125	$33.8K	<0.01%	new	Timeline
GRMNGARMIN LTD	153	$33.2K	<0.01%	new	Timeline
SNASNAP ON INC	99	$33.2K	<0.01%	-149	Timeline
EMEEMCOR GROUP INC	86	$32.6K	<0.01%	+38	Timeline
NTAPNETAPP INC	356	$32.4K	<0.01%	-374	Timeline
RTXRTX CORPORATION	173	$19.9K	<0.01%	-500	Timeline
XOMEXXON MOBIL CORP	120	$12.2K	<0.01%	0	Timeline
ITTITT INC	110	$12.1K	<0.01%	0	Timeline
COINCOINBASE GLOBAL INC	67	$10.5K	<0.01%	+10	Timeline
CARRCARRIER GLOBAL CORPORATION	173	$9.67K	<0.01%	-14,580	Timeline
TSLATESLA INC	30	$7.02K	<0.01%	-19	Timeline
BMYBRISTOL-MYERS SQUIBB CO	89	$4.81K	<0.01%	0	Timeline
THCHTH INTERNATIONAL LIMITED	1,427	$4.17K	<0.01%	new	Timeline
SNOWSNOWFLAKE INC	25	$3.19K	<0.01%	0	Timeline
KDKYNDRYL HLDGS INC	100	$2.81K	<0.01%	+60	Timeline
MOALTRIA GROUP INC	50	$2.74K	<0.01%	0	Timeline
MATMATTEL INC	160	$2.57K	<0.01%	new	Timeline
HASHASBRO INC	40	$2.11K	<0.01%	new	Timeline
TWLOTWILIO INC	25	$2.04K	<0.01%	0	Timeline
GEHCGE HEALTHCARE TECHNOLOGIES I	33	$1.95K	<0.01%	new	Timeline
SLISTANDARD LITHIUM CORP	1,000	$1.14K	<0.01%	0	Timeline
OGNORGANON & CO	50	$638	<0.01%	new	Timeline
NGVTINGEVITY CORP	6	$184	<0.01%	0	Timeline
EMBCEMBECTA CORP	4	$47	<0.01%	0	Timeline
CSCIFCOSCIENS BIOPHARMA INC COM (CA	1	$3	<0.01%	0	Timeline
TILRAY INCTILRAY INC	1	$1	<0.01%	0

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	Change
DBDEUTSCHE BK AG Stock	put	375,000	$8.18M	new
JPMJPMORGAN CHASE & CO COM	put	9,500	$2.33M	new
AXPAMERICAN EXPRESS CO COM	put	7,000	$1.88M	new
CCITIGROUP INC COM	put	21,000	$1.49M	new
WFCWELLS FARGO & CO COM	put	18,500	$1.33M	new
DEDEERE & CO COM	put	2,800	$1.31M	new
MCDMCDONALDS CORP COM	put	4,000	$1.25M	new
IBMINTERNATIONAL BUSINESS MACHS COM	put	4,500	$1.12M	new
BACBANK OF AMER CORP COM	put	25,000	$1.04M	new
AZOAUTOZONE INC Stock	put	200	$763K	new
CAHCARDINAL HEALTH INC COM	put	5,000	$689K	new
GSGOLDMAN SACHS GROUP INC COM	put	1,200	$656K	new
LOWLOWES COS INC COM	put	2,500	$583K	new
CAGCONAGRA BRANDS INC COM	put	19,000	$507K	new
ORCLORACLE CORP COM	put	3,500	$489K	new
JCIJOHNSON CONTROLS INTERNATION Stock	put	5,000	$401K	new
HDHOME DEPOT INC COM	put	1,000	$366K	new
MSMORGAN STANLEY COM	put	3,000	$350K	new
CATCATERPILLAR INC COM	put	1,000	$330K	new
AVGOBROADCOM INC COM	put	1,500	$251K	new
GISGENERAL MILLS INC Stock	put	4,000	$239K	new
CPBTHE CAMPBELLS COMPANY Stock	put	5,000	$200K	new

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
AIRBNB INCAIRBNB INC CLASS A	principal	11,000,000	$10.5M	new
Dropbox IncDropbox Inc Convertible bond	principal	2,000,000	$1.97M	new
TripAdvisor IncTripAdvisor Inc CONV	principal	2,000,000	$1.91M	new

Sold out in Q1 2025

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

Security	Shares before	Value before	Type
SWSMURFIT WESTROCK PLC	564,184	$30.4M	shares
WPMWHEATON PRECIOUS METALS CORP	132,500	$7.59M	shares
EXPDEXPEDITORS INTL WASH INC	42,130	$4.66M	shares
WDAYWORKDAY INC	12,408	$3.28M	shares
MDBMONGODB INC	12,913	$3.12M	shares
TWTRADEWEB MKTS INC	23,070	$3.09M	shares
MDLZMONDELEZ INTL INC	34,866	$2.08M	shares
QRVOQORVO INC	23,831	$1.69M	shares
AVYAVERY DENNISON CORP	8,539	$1.61M	shares
FLUTFLUTTER ENTMT PLC	5,639	$1.46M	shares
MARMARRIOTT INTL INC NEW	4,556	$1.29M	shares
FLNCFLUENCE ENERGY INC	71,762	$1.15M	shares
DARDARLING INGREDIENTS INC	27,954	$939K	shares
SHOSUNSTONE HOTEL INVS INC NEW	57,449	$684K	shares
ESSENTIAL PPTYS RLTY TR INCESSENTIAL PPTYS RLTY TR INC	18,564	$578K	shares
PDDPDD HOLDINGS INC	5,300	$535K	shares
IRMIRON MTN INC DEL	4,808	$500K	shares
CURBCURBLINE PPTYS CORP	18,988	$443K	shares
EVRGEVERGY INC	6,338	$389K	shares
CWTCALIFORNIA WTR SVC GROUP	7,204	$327K	shares
AXONAXON ENTERPRISE INC	456	$277K	shares
BBYBEST BUY INC	1,883	$165K	shares
HSYHERSHEY CO	523	$89.2K	shares
TROWPRICE T ROWE GROUP INC	749	$86.1K	shares
VLOVALERO ENERGY CORP	656	$77.9K	shares
DPZDOMINOS PIZZA INC	142	$60.6K	shares
UTHRUNITED THERAPEUTICS CORP DEL	66	$23.6K	shares
LIILENNOX INTL INC	37	$22.8K	shares
CVXCHEVRON CORPORATION	81	$19.5K	shares
SLBSLB LIMITED	635	$2.73K	shares

How Q1 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 0000945621-25-000477	base		2025-05-14	acceptance time not in the bulk data set	2026-10-07 18:25:06 UTC