GROUPAMA ASSET MANAGMENT

PARIS, I0 · CIK 1055969 · 13F filing filed 2026-08-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Others nearbyParis

$7.9bn reported value +15.9% vs Q1 2026

401positions

42.5%in top 10

30 new 198 added 70 reduced 20 sold out vs Q1 2026

Options: 6 call positions ($1.5m notional), 1 put positions ($341.4k notional) – listed below, not included above.

This report includes the holdings of 2 other managers that share the investment decisions:

Lazard Freres Gestion S.A.S. – files its own report too
Amundi Asset Management – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	2,587,946	$506.1m6.38%	6.38%	Added +246.5k	+246,545 10.5%
2	MICRON TECHNOLOGY INC COM MU	MU	433,792	$497.2m6.27%	6.27%	Reduced -235.7k	-235,704 -35.2%
3	ALPHABET INC CAP STK CL A GOOGL	GOOGL	1,150,436	$407.1m5.13%	5.13%	Added +151.1k	+151,131 15.1%
4	MICROSOFT CORP COM MSFT	MSFT	1,027,801	$378.8m4.78%	4.78%	Reduced -17.0k	-17,006 -1.6%
5	BROADCOM INC COM AVGO	AVGO	970,123	$362.0m4.56%	4.56%	Added +115.6k	+115,567 13.5%
6	APPLE INC COM AAPL	AAPL	1,268,595	$358.0m4.51%	4.51%	Added +41.2k	+41,237 3.4%
7	JPMORGAN CHASE & CO COM JPM	JPM	787,079	$259.2m3.27%	3.27%	Added +54.1k	+54,067 7.4%
8	AMAZON COM INC COM AMZN	AMZN	1,011,765	$242.5m3.06%	3.06%	Added +39.6k	+39,635 4.1%
9	MOTOROLA SOLUTIONS INC COM NEW MSI	MSI	448,315	$185.2m2.33%	2.33%	Added +11.7k	+11,657 2.7%
10	PALO ALTO NETWORKS INC COM PANW	PANW	531,922	$177.9m2.24%	2.24%	Reduced -6.6k	-6,627 -1.2%
11	PARKER-HANNIFIN CORP COM PH	PH	181,014	$174.6m2.20%	2.20%	Added +6.0k	+6,022 3.4%
12	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	327,868	$166.0m2.09%	2.09%	Added +59.3k	+59,318 22.1%
13	WALMART INC COM WMT	WMT	1,258,488	$144.1m1.82%	1.82%	Added +67.2k	+67,171 5.6%
14	XPO INC COM XPO	XPO	676,282	$139.3m1.76%	1.76%	Added +23.2k	+23,199 3.5%
15	MERCK & CO INC COM MRK	MRK	1,063,660	$137.6m1.73%	1.73%	Added +188.7k	+188,697 21.6%
16	ELI LILLY & CO COM LLY	LLY	111,684	$136.8m1.72%	1.72%	Added +16.3k	+16,308 17.1%
17	GE VERNOVA INC COM GEV	GEV	123,479	$136.6m1.72%	1.72%	Added +3.8k	+3,831 3.2%
18	AGNICO EAGLE MINES LTD COM AEM	AEM	885,808	$135.7m1.71%	1.71%	Reduced -30.7k	-30,662 -3.4%
19	ASTRAZENECA PLC ORD AZN	AZN	873,930	$124.6m1.57%	1.57%	Added +10.3k	+10,301 1.2%
20	TECK RESOURCES LTD CL B TECK	TECK	2,078,164	$122.7m1.55%	1.55%	Reduced -20.2k	-20,208 -1.0%
21	META PLATFORMS INC CL A META	META	202,938	$114.0m1.44%	1.44%	Added +8.8k	+8,756 4.5%
22	UNITED RENTALS INC COM URI	URI	89,561	$100.6m1.27%	1.27%	Added +5.6k	+5,582 6.7%
23	BAKER HUGHES COMPANY CL A BKR	BKR	1,790,870	$100.4m1.27%	1.27%	Reduced -141.4k	-141,435 -7.3%
24	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	188,156	$93.9m1.18%	1.18%	Added +22.3k	+22,259 13.4%
25	PROCTER AND GAMBLE CO COM PG	PG	564,099	$83.7m1.06%	1.06%	Added +38.4k	+38,444 7.3%
26	TJX COS INC NEW COM TJX	TJX	551,213	$83.4m1.05%	1.05%	Added +28.5k	+28,528 5.5%
27	ENTERGY CORP NEW COM ETR	ETR	701,338	$81.5m1.03%	1.03%	Added +5.5k	+5,526 0.8%
28	APPLIED MATLS INC COM AMAT	AMAT	114,347	$79.6m1.00%	1.00%	Added +108.8k	+108,752 1943.7%
29	IONIS PHARMACEUTICALS INC COM IONS	IONS	937,083	$75.2m0.95%	0.95%	Added +112.5k	+112,543 13.7%
30	NEXTERA ENERGY INC COM NEE	NEE	817,310	$72.4m0.91%	0.91%	Added +38.9k	+38,931 5.0%
31	CITIGROUP INC COM NEW C	C	506,785	$72.2m0.91%	0.91%	Added +34.1k	+34,102 7.2%
32	HALLIBURTON CO COM HAL	HAL	2,080,228	$70.9m0.89%	0.89%	Reduced -57.5k	-57,480 -2.7%
33	BOSTON SCIENTIFIC CORP COM BSX	BSX	1,571,750	$68.1m0.86%	0.86%	Added +196.5k	+196,489 14.3%
34	TOTALENERGIES SE ACT TTE	TTE	961,811	$65.9m0.83%	0.83%	Added +39.3k	+39,314 4.3%
35	METLIFE INC COM MET	MET	758,320	$65.2m0.82%	0.82%	Added +47.8k	+47,777 6.7%
36	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	173,526	$64.9m0.82%	0.82%	Added +105.6k	+105,635 155.6%
37	MORGAN STANLEY COM NEW MS	MS	300,005	$63.5m0.80%	0.80%	Added +6.6k	+6,624 2.3%
38	CME GROUP INC COM CME	CME	283,868	$62.1m0.78%	0.78%	Added +15.0k	+14,997 5.6%
39	SEMPRA COM SRE	SRE	660,554	$62.0m0.78%	0.78%	Added +58.1k	+58,086 9.6%
40	PNC FINL SVCS GROUP INC COM PNC	PNC	249,458	$61.5m0.78%	0.78%	Added +24.8k	+24,806 11.0%
41	FRANCO NEV CORP COM FNV	FNV	275,234	$57.1m0.72%	0.72%	Added +41.0k	+40,993 17.5%
42	REGENERON PHARMACEUTICALS COM REGN	REGN	77,940	$49.1m0.62%	0.62%	Added +6.8k	+6,838 9.6%
43	ABBVIE INC COM ABBV	ABBV	183,915	$46.7m0.59%	0.59%	Added +27.8k	+27,765 17.8%
44	LAM RESEARCH CORP COM NEW LRCX	LRCX	106,402	$44.0m0.55%	0.55%	Reduced -30.4k	-30,420 -22.2%
45	VALERO ENERGY CORP COM VLO	VLO	161,059	$42.8m0.54%	0.54%	Reduced -50.5k	-50,548 -23.9%
46	WELLTOWER INC COM WELL	WELL	187,203	$42.6m0.54%	0.54%	Added +10.5k	+10,546 6.0%
47	TESLA INC COM TSLA	TSLA	103,089	$42.6m0.54%	0.54%	Added +4.8k	+4,797 4.9%
48	CISCO SYS INC COM CSCO	CSCO	358,254	$42.1m0.53%	0.53%	Added +208.7k	+208,682 139.5%
49	AT&T INC COM T	T	1,920,399	$41.8m0.53%	0.53%	Added +63.7k	+63,669 3.4%
50	COCA COLA CO COM KO	KO	484,057	$40.0m0.50%	0.50%	Added +32.3k	+32,308 7.2%
51	EQUINIX INC COM EQIX	EQIX	36,170	$39.2m0.49%	0.49%	Added +1.2k	+1,163 3.3%
52	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	80,383	$37.3m0.47%	0.47%	Reduced -5.0k	-4,962 -5.8%
53	WATTS WATER TECHNOLOGIES INC CL A WTS	WTS	74,864	$29.3m0.37%	0.37%	Reduced -7.7k	-7,738 -9.4%
54	UNITEDHEALTH GROUP INC COM UNH	UNH	65,529	$27.5m0.35%	0.35%	Added +8.5k	+8,509 14.9%
55	DISNEY WALT CO COM DIS	DIS	268,135	$26.4m0.33%	0.33%	Added +14.0k	+13,997 5.5%
56	ALPHABET INC CAP STK CL C GOOG	GOOG	76,332	$26.4m0.33%	0.33%	Added +831	+831 1.1%
57	NATERA INC COM NTRA	NTRA	95,558	$25.9m0.33%	0.33%	Added +497	+497 0.5%
58	NETFLIX INC COM NFLX	NFLX	336,885	$24.8m0.31%	0.31%	Added +23.4k	+23,352 7.5%
59	SCHLUMBERGER LTD COM STK SLB	SLB	499,327	$23.2m0.29%	0.29%	Reduced -18.8k	-18,790 -3.6%
60	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	46,726	$23.1m0.29%	0.29%	Reduced -2.6k	-2,577 -5.2%
61	HONEYWELL INTL INC COM HON	HON	99,708	$22.7m0.29%	0.29%	New
62	HONEYWELL AEROSPACE INC COM HONA	HONA	99,708	$22.0m0.28%	0.28%	New
63	AMERICAN TOWER CORP NEW COM AMT	AMT	129,079	$21.7m0.27%	0.27%	Added +5.2k	+5,211 4.2%
64	VISA INC COM CL A V	V	62,623	$21.4m0.27%	0.27%	Reduced -8.5k	-8,545 -12.0%
65	FERRARI N V COM RACE	RACE	62,537	$20.3m0.26%	0.26%	Reduced -12.6k	-12,569 -16.7%
66	CANADIAN PACIFIC KANSAS CITY COM CP	CP	217,894	$18.9m0.24%	0.24%	Added +31.9k	+31,932 17.2%
67	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	44,852	$17.9m0.23%	0.23%	Reduced -4.0k	-4,002 -8.2%
68	BIONTECH SE SPONSORED ADS BNTX	BNTX	184,775	$17.3m0.22%	0.22%	Reduced -261	-261 -0.1%
69	COSTCO WHSL CORP NEW COM COST	COST	17,586	$16.6m0.21%	0.21%	Reduced -2.0k	-2,041 -10.4%
70	MADRIGAL PHARMACEUTICALS INC COM MDGL	MDGL	30,941	$16.6m0.21%	0.21%	Reduced -4.3k	-4,297 -12.2%
71	CHUBB LIMITED COM CB	CB	44,357	$15.2m0.19%	0.19%	Added +1.8k	+1,811 4.3%
72	KLA CORP COM NEW KLAC	KLAC	50,760	$14.2m0.18%	0.18%	Added +3.2k	+3,210 6.8%
73	UBS GROUP AG SHS UBS	UBS	350,855	$14.0m0.18%	0.18%	Added +62.7k	+62,737 21.8%
74	LINDE PLC SHS LIN	LIN	25,475	$13.1m0.16%	0.16%	Added +2.7k	+2,691 11.8%
75	CATERPILLAR INC COM CAT	CAT	12,166	$12.7m0.16%	0.16%	Added +1.8k	+1,810 17.5%
76	ALAMOS GOLD INC NEW COM CL A AGI	AGI	415,648	$12.6m0.16%	0.16%	Reduced -83.6k	-83,638 -16.8%
77	HCA HEALTHCARE INC COM HCA	HCA	29,879	$11.7m0.15%	0.15%	Reduced -2.0k	-2,015 -6.3%
78	ECOLAB INC COM ECL	ECL	41,495	$11.6m0.15%	0.15%	Reduced -5.4k	-5,356 -11.4%
79	SERVICE CORP INTL COM SCI	SCI	141,660	$10.8m0.14%	0.14%	Reduced -24.7k	-24,722 -14.9%
80	WELLS FARGO CO NEW COM WFC	WFC	125,759	$10.5m0.13%	0.13%	Reduced -37.7k	-37,731 -23.1%
81	ADVANCED MICRO DEVICES INC COM AMD	AMD	18,938	$10.4m0.13%	0.13%	Added +20	+20 0.1%
82	DANAHER CORPORATION COM DHR	DHR	53,570	$10.3m0.13%	0.13%	Reduced -2.9k	-2,913 -5.2%
83	ALNYLAM PHARMACEUTICALS INC COM ALNY	ALNY	34,252	$10.3m0.13%	0.13%	Reduced -2.5k	-2,515 -6.8%
84	INCYTE CORP COM INCY	INCY	86,423	$9.9m0.12%	0.12%	Added +20.0k	+19,972 30.1%
85	WHEATON PRECIOUS METALS CORP COM WPM	WPM	61,370	$9.7m0.12%	0.12%	Added +17.4k	+17,440 39.7%
86	WEBSTER FINL CORP COM WBS	WBS	126,141	$9.6m0.12%	0.12%	Reduced -22.3k	-22,297 -15.0%
87	BANK AMERICA CORP COM BAC	BAC	155,965	$9.0m0.11%	0.11%	Reduced -37.5k	-37,497 -19.4%
88	GILEAD SCIENCES INC COM GILD	GILD	70,390	$8.9m0.11%	0.11%	Added +32.4k	+32,400 85.3%
89	ABBOTT LABS COM ABT	ABT	85,053	$7.8m0.10%	0.10%	Added +21.4k	+21,429 33.7%
90	CRH PLC ORD CRH	CRH	72,194	$7.8m0.10%	0.10%	Reduced -24.4k	-24,382 -25.2%
91	ORLA MNG LTD NEW COM OLA	OLA	544,896	$7.6m0.10%	0.10%	Added +90.8k	+90,774 20.0%
92	HEICO CORP NEW COM HEI	HEI	19,692	$6.9m0.09%	0.09%	Reduced -3.7k	-3,715 -15.9%
93	DATADOG INC NOTE 12/0 · principal DDOG 0 12.01.29 · principal	DDOG 0 12.01.29	4,900,000	$6.8m0.09%	0.09%	Reduced -2.5m	-2,467,000 -33.5%
94	ALCON AG ORD SHS ALC	ALC	120,538	$6.6m0.08%	0.08%	Added +8.3k	+8,330 7.4%
95	WESTERN DIGITAL CORP COM WDC	WDC	9,439	$6.2m0.08%	0.08%	Reduced -156	-156 -1.6%
96	SALESFORCE INC COM CRM	CRM	38,422	$6.0m0.08%	0.08%	Added +550	+550 1.4%
97	ROPER TECHNOLOGIES INC COM ROP	ROP	17,813	$6.0m0.08%	0.08%	Reduced -3.3k	-3,303 -15.6%
98	DENALI THERAPEUTICS INC COM DNLI	DNLI	229,939	$5.9m0.07%	0.07%	Added +22.8k	+22,809 11.0%
99	STELLANTIS N.V SHS STLA	STLA	1,171,921	$5.8m0.07%	0.07%	Added +207.3k	+207,350 21.5%
100	JOHNSON & JOHNSON COM JNJ	JNJ	21,959	$5.6m0.07%	0.07%	Reduced -734	-734 -3.2%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
RTX CORPORATION RTX	RTX	839,280	$161.9m839.3k shares
HONEYWELL INTL INC		94,396	$42.7m94.4k shares
SMURFIT WESTROCK PLC SW	SW	564,888	$16.8m564.9k shares
AMERICAN WTR CAP CORP AWK 3.625 06.15.26	AWK 3.625 06.15.26	2,500,000	$2.5m2.5m shares
VARONIS SYS INC VRNS 1 09.15.29	VRNS 1 09.15.29	1,000,000	$871.4k1.0m shares
VERISIGN INC VRSN	VRSN	3,277	$813.9k3.3k shares
HOLOGIC INC HOLX	HOLX	9,565	$723.0k9.6k shares
UPWORK INC UPWK 0.25 08.15.26	UPWK 0.25 08.15.26	700,000	$688.0k700.0k shares
MARA HOLDINGS INC MARA 0 03.01.30	MARA 0 03.01.30	750,000	$662.5k750.0k shares
CORTEVA INC CTVA	CTVA	5,025	$420.6k5.0k shares
AKAMAI TECHNOLOGIES INC AKAM	AKAM	3,383	$388.5k3.4k shares
COGNIZANT TECHNOLOGY SOLUTIO CTSH	CTSH	4,033	$247.4k4.0k shares
COSTAR GROUP INC CSGP	CSGP	5,705	$230.1k5.7k shares
EPAM SYS INC EPAM	EPAM	1,593	$215.7k1.6k shares
RESMED INC RMD	RMD	941	$211.2k941 shares
METTLER TOLEDO INTERNATIONAL MTD	MTD	167	$210.6k167 shares
VERISK ANALYTICS INC VRSK	VRSK	1,098	$208.3k1.1k shares
DUPONT DE NEMOURS INC DWDP	DWDP	1,492	$205.0k1.5k shares
BECTON DICKINSON & CO BDX	BDX	1,275	$200.5k1.3k shares
MAGNUM ICE CREAM CO NV MICC	MICC	13,898	$176.6k13.9k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
ALPHABET INC GOOG · Call	GOOG	Call	8,600	$496.7k8.6k shares	Unchanged
APPLIED MATLS INC AMAT · Call	AMAT	Call	4,000	$443.4k4.0k shares	New
IREN LIMITED IREN · Put	IREN	Put	30,000	$341.4k30.0k shares	New
UBER TECHNOLOGIES INC UBER · Call	UBER	Call	12,000	$229.1k12.0k shares	New
TECK RESOURCES LTD TECK · Call	TECK	Call	33,000	$217.8k33.0k shares	Unchanged
QIAGEN NV QGEN · Call	QGEN	Call	15,000	$92.0k15.0k shares	New
BOSTON SCIENTIFIC CORP BSX · Call	BSX	Call	29,000	$2.9k29.0k shares	New