BNP PARIBAS FINANCIAL MARKETS

PARIS, I0 · CIK 1166588 · 13F filing filed 2026-08-13

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.

Legal entityBNP PARIBAS FINANCIAL MARKETS (FR)
Part of BNP PARIBAS (FR)

Other 13F filers in this group: BNP PARIBAS $3.7bn, BNP PARIBAS ASSET MANAGEMENT EUROPE files a notice, BNP PARIBAS ASSET MANAGEMENT USA, Inc. files a notice, BNP PARIBAS CARDIF VITA COMPAGNIA DI ASSICURAZIONE E RIASSICURAZIONE S.P.A. files a notice, BNP PARIBAS SECURITIES CORP files a notice, BNP Paribas Fortis files a notice, CARDIF LUX VIE files a notice, Cardif Assurance Vie last filed Q4 2025, Cardif-Assurances Risques Divers last filed Q4 2025, BNP PARIBAS FINANCIAL MARKETS last filed Q4 2024

3 more

BNP PARIBAS last filed Q4 2023, BNP PARIBAS ASSET MANAGEMENT USA, Inc. last filed Q4 2022, BNP PARIBAS ASSET MANAGEMENT FRANCE last filed Q3 2022

$191.4bn reported value +26.0% vs Q1 2026

5,105positions

21.9%in top 10

414 new 2,095 added 2,038 reduced 353 sold out vs Q1 2026

Options: 384 call positions ($22.6bn notional), 409 put positions ($74.8bn notional) – listed below, not included above.

This report includes the holdings of 1 other manager that shares the investment decisions:

BNP PARIBAS SECURITIES CORP – 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	MICRON TECHNOLOGY INC COM MU	MU	8,099,974	$9.3bn4.88%	4.88%	Added +3.4m	+3,431,767 73.5%
2	NVIDIA CORPORATION COM NVDA	NVDA	33,236,556	$6.7bn3.47%	3.47%	Added +929.4k	+929,367 2.9%
3	AMAZON COM INC COM AMZN	AMZN	16,822,260	$4.0bn2.09%	2.09%	Added +1.6m	+1,648,522 10.9%
4	TESLA INC COM TSLA	TSLA	9,036,619	$3.8bn1.99%	1.99%	Added +2.0m	+1,964,864 27.8%
5	ALPHABET INC CAP STK CL A GOOGL	GOOGL	9,896,252	$3.5bn1.85%	1.85%	Added +1.8m	+1,824,345 22.6%
6	ADVANCED MICRO DEVICES INC COM AMD	AMD	5,861,293	$3.4bn1.78%	1.78%	Added +1.6m	+1,575,511 36.8%
7	APPLE INC COM AAPL	AAPL	10,796,101	$3.1bn1.63%	1.63%	Reduced -867.5k	-867,549 -7.4%
8	MICROSOFT CORP COM MSFT	MSFT	7,319,367	$2.7bn1.43%	1.43%	Reduced -5.5m	-5,522,983 -43.0%
9	SPDR SER TR S&P BIOTECH XBI	XBI	16,777,726	$2.7bn1.39%	1.39%	Reduced -4.4m	-4,378,146 -20.7%
10	JPMORGAN CHASE & CO COM JPM	JPM	8,070,258	$2.6bn1.38%	1.38%	Added +1.0m	+1,028,742 14.6%
11	ALPHABET INC CAP STK CL C GOOG	GOOG	7,154,783	$2.5bn1.32%	1.32%	Reduced -646.5k	-646,515 -8.3%
12	BROADCOM INC COM AVGO	AVGO	6,340,950	$2.4bn1.25%	1.25%	Reduced -1.5m	-1,466,017 -18.8%
13	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	3,190,021	$2.4bn1.24%	1.24%	Added +209.0k	+208,983 7.0%
14	SANDISK CORP COM SNDK	SNDK	992,504	$2.3bn1.18%	1.18%	Reduced -258.7k	-258,675 -20.7%
15	ISHARES TR RUSSELL 2000 ETF IWM	IWM	7,071,360	$2.1bn1.11%	1.11%	Added +903.9k	+903,894 14.7%
16	INTEL CORP COM INTC	INTC	13,777,776	$1.9bn1.00%	1.00%	Added +455.4k	+455,433 3.4%
17	META PLATFORMS INC CL A META	META	3,391,917	$1.9bn1.00%	1.00%	Reduced -81.8k	-81,810 -2.4%
18	ISHARES INC MSCI STH KOR ETF EWY	EWY	8,069,271	$1.6bn0.85%	0.85%	Added +2.5m	+2,518,102 45.4%
19	UNITEDHEALTH GROUP INC COM UNH	UNH	3,673,416	$1.5bn0.80%	0.80%	Added +622.0k	+621,966 20.4%
20	GE AEROSPACE COM NEW GE	GE	3,950,280	$1.5bn0.77%	0.77%	Added +1.4m	+1,374,527 53.4%
21	CISCO SYS INC COM CSCO	CSCO	12,153,581	$1.4bn0.75%	0.75%	Reduced -984.0k	-983,956 -7.5%
22	LAM RESEARCH CORP COM NEW LRCX	LRCX	2,869,530	$1.2bn0.65%	0.65%	Added +602.7k	+602,668 26.6%
23	APPLIED MATLS INC COM AMAT	AMAT	1,682,457	$1.2bn0.64%	0.64%	Reduced -392.2k	-392,216 -18.9%
24	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	2,474,456	$1.2bn0.62%	0.62%	Added +923.9k	+923,930 59.6%
25	ORACLE CORP COM ORCL	ORCL	7,917,123	$1.2bn0.61%	0.61%	Reduced -1.0m	-1,026,391 -11.5%
26	ELI LILLY & CO COM LLY	LLY	961,496	$1.2bn0.60%	0.60%	Added +135.6k	+135,629 16.4%
27	VISA INC COM CL A V	V	3,347,005	$1.1bn0.60%	0.60%	Added +570.1k	+570,095 20.5%
28	VANECK ETF TRUST SEMICONDUCTR ETF SMH	SMH	1,677,290	$1.1bn0.57%	0.57%	Added +544.8k	+544,776 48.1%
29	ISHARES TR ISHARES SEMICDTR SOXX	SOXX	1,713,408	$1.1bn0.57%	0.57%	Reduced -138.0k	-137,961 -7.5%
30	EXXON MOBIL CORP COM XOM	XOM	7,253,246	$991.7m0.52%	0.52%	Added +3.5m	+3,464,948 91.5%
31	KLA CORP COM NEW KLAC	KLAC	3,235,049	$976.0m0.51%	0.51%	Added +301.5k	+301,549 10.3%
32	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	1,911,285	$956.4m0.50%	0.50%	Reduced -3.6k	-3,640 -0.2%
33	WESTERN DIGITAL CORP COM WDC	WDC	1,493,593	$954.0m0.50%	0.50%	Added +304.6k	+304,637 25.6%
34	WALMART INC COM WMT	WMT	7,954,121	$900.9m0.47%	0.47%	Added +923.5k	+923,520 13.1%
35	HOME DEPOT INC COM HD	HD	2,355,033	$830.6m0.43%	0.43%	Added +1.2m	+1,182,408 100.8%
36	MORGAN STANLEY COM NEW MS	MS	3,816,630	$797.8m0.42%	0.42%	Added +1.0m	+1,041,333 37.5%
37	ISHARES TR MSCI ACWI ETF ACWI	ACWI	4,945,603	$776.3m0.41%	0.41%	Added +3.3m	+3,281,423 197.2%
38	ABBVIE INC COM ABBV	ABBV	3,055,271	$768.8m0.40%	0.40%	Added +11.4k	+11,369 0.4%
39	TEXAS INSTRS INC COM TXN	TXN	2,480,470	$739.4m0.39%	0.39%	Reduced -1.9m	-1,887,356 -43.2%
40	CATERPILLAR INC COM CAT	CAT	685,740	$730.2m0.38%	0.38%	Added +4.8k	+4,754 0.7%
41	JOHNSON & JOHNSON COM JNJ	JNJ	2,799,362	$711.0m0.37%	0.37%	Added +409.7k	+409,707 17.1%
42	ISHARES TR JPMORGAN USD EMG EMB	EMB	7,308,016	$704.8m0.37%	0.37%	Added +1.1m	+1,111,208 17.9%
43	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	342,594	$681.6m0.36%	0.36%	Reduced -166.8k	-166,752 -32.7%
44	NETFLIX INC COM NFLX	NFLX	9,376,258	$669.5m0.35%	0.35%	Added +3.3m	+3,293,562 54.1%
45	COSTCO WHSL CORP NEW COM COST	COST	692,107	$647.4m0.34%	0.34%	Added +138.8k	+138,796 25.1%
46	SELECT SECTOR SPDR TR INDL XLI	XLI	3,450,493	$639.1m0.33%	0.33%	Added +1.1m	+1,097,867 46.7%
47	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	5,262,423	$614.0m0.32%	0.32%	Added +1.1m	+1,149,613 27.9%
48	ANALOG DEVICES INC COM ADI	ADI	1,520,388	$603.9m0.32%	0.32%	Reduced -954.3k	-954,349 -38.6%
49	MASTERCARD INCORPORATED CL A MA	MA	1,104,218	$567.1m0.30%	0.30%	Reduced -91.1k	-91,065 -7.6%
50	ISHARES TR IBOXX HI YD ETF HYG	HYG	7,082,601	$566.4m0.30%	0.30%	Added +583.3k	+583,329 9.0%
51	BANK AMERICA CORP COM BAC	BAC	9,909,582	$564.6m0.29%	0.29%	Reduced -2.7m	-2,673,649 -21.2%
52	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	756,921	$557.4m0.29%	0.29%	Reduced -130.8k	-130,840 -14.7%
53	GE VERNOVA INC COM GEV	GEV	470,130	$552.3m0.29%	0.29%	Reduced -21.8k	-21,810 -4.4%
54	PALO ALTO NETWORKS INC COM PANW	PANW	1,506,801	$513.8m0.27%	0.27%	Reduced -719.6k	-719,633 -32.3%
55	GOLDMAN SACHS GROUP INC COM GS	GS	503,866	$509.6m0.27%	0.27%	Added +39.4k	+39,373 8.5%
56	QUALCOMM INC COM QCOM	QCOM	2,705,051	$499.9m0.26%	0.26%	Added +249.1k	+249,104 10.1%
57	CARDINAL HEALTH INC COM CAH	CAH	2,103,149	$499.6m0.26%	0.26%	Added +599.3k	+599,252 39.9%
58	LINDE PLC SHS LIN	LIN	947,555	$491.7m0.26%	0.26%	Added +96.6k	+96,649 11.4%
59	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,746,207	$491.1m0.26%	0.26%	Added +430.2k	+430,228 32.7%
60	SELECT SECTOR SPDR TR SBI CONS STPLS XLP	XLP	5,838,299	$485.0m0.25%	0.25%	Added +4.0m	+4,041,811 225.0%
61	AMGEN INC COM AMGN	AMGN	1,321,585	$478.6m0.25%	0.25%	Added +670.1k	+670,126 102.9%
62	LUMENTUM HLDGS INC COM LITE	LITE	552,811	$474.3m0.25%	0.25%	Added +11.5k	+11,542 2.1%
63	CHEVRON CORP NEW COM CVX	CVX	2,774,754	$459.9m0.24%	0.24%	Added +760.9k	+760,941 37.8%
64	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	473,888	$457.3m0.24%	0.24%	Reduced -116.6k	-116,617 -19.8%
65	BLOOM ENERGY CORP COM CL A BE	BE	1,497,644	$453.3m0.24%	0.24%	Reduced -425.7k	-425,709 -22.1%
66	ISHARES TR EXPANDED TECH IGV	IGV	4,979,780	$451.2m0.24%	0.24%	Reduced -2.2m	-2,176,044 -30.4%
67	BOOKING HOLDINGS INC COM BKNG	BKNG	2,523,153	$449.7m0.23%	0.23%	Reduced -680.5k	-680,472 -21.2%
68	AMERICAN EXPRESS CO COM AXP	AXP	1,279,532	$432.8m0.23%	0.23%	Reduced -75.2k	-75,151 -5.5%
69	SPDR GOLD TR GOLD SHS GLD	GLD	1,150,921	$424.0m0.22%	0.22%	Reduced -44.8k	-44,776 -3.7%
70	PROGRESSIVE CORP COM PGR	PGR	1,934,888	$422.7m0.22%	0.22%	Reduced -657.9k	-657,877 -25.4%
71	COCA COLA CO COM KO	KO	5,195,087	$422.2m0.22%	0.22%	Added +2.5m	+2,464,539 90.3%
72	ISHARES TR ISHARES BIOTECH IBB	IBB	2,217,939	$421.8m0.22%	0.22%	Reduced -211.6k	-211,628 -8.7%
73	CITIGROUP INC COM NEW C	C	2,988,934	$418.3m0.22%	0.22%	Added +452.7k	+452,714 17.9%
74	S&P GLOBAL INC COM SPGI	SPGI	1,026,740	$418.2m0.22%	0.22%	Added +400.7k	+400,722 64.0%
75	NXP SEMICONDUCTORS N V COM NXPI	NXPI	1,478,201	$415.4m0.22%	0.22%	Reduced -214.6k	-214,596 -12.7%
76	MERCK & CO INC COM MRK	MRK	3,130,937	$402.3m0.21%	0.21%	Added +924.7k	+924,704 41.9%
77	COHERENT CORP COM COHR	COHR	984,825	$388.5m0.20%	0.20%	Reduced -37.1k	-37,144 -3.6%
78	PEPSICO INC COM PEP	PEP	2,831,808	$383.4m0.20%	0.20%	Added +832.9k	+832,869 41.7%
79	ASTERA LABS INC COM ALAB	ALAB	792,380	$382.7m0.20%	0.20%	Reduced -1.0m	-1,021,438 -56.3%
80	ISHARES TR U.S. REAL ES ETF IYR	IYR	3,742,959	$382.7m0.20%	0.20%	Added +1.9m	+1,936,042 107.2%
81	DISNEY WALT CO COM DIS	DIS	3,955,285	$380.7m0.20%	0.20%	Added +1.9m	+1,857,087 88.5%
82	PROCTER AND GAMBLE CO COM PG	PG	2,550,686	$374.0m0.20%	0.20%	Reduced -1.0m	-1,025,194 -28.7%
83	DELL TECHNOLOGIES INC CL C DELL	DELL	864,966	$373.2m0.19%	0.19%	Reduced -484.9k	-484,880 -35.9%
84	WELLS FARGO CO NEW COM WFC	WFC	4,483,999	$370.6m0.19%	0.19%	Added +158.7k	+158,664 3.7%
85	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	737,831	$369.9m0.19%	0.19%	Added +72.7k	+72,703 10.9%
86	VERIZON COMMUNICATIONS INC COM VZ	VZ	8,591,033	$363.7m0.19%	0.19%	Added +922.1k	+922,059 12.0%
87	NEXTERA ENERGY INC COM NEE	NEE	4,101,870	$360.0m0.19%	0.19%	Added +268.3k	+268,293 7.0%
88	PHILIP MORRIS INTL INC COM PM	PM	1,977,294	$357.7m0.19%	0.19%	Reduced -189.4k	-189,379 -8.7%
89	SELECT SECTOR SPDR TR SBI INT-UTILS XLU	XLU	7,889,429	$357.7m0.19%	0.19%	Added +2.2m	+2,194,905 38.5%
90	MICROCHIP TECHNOLOGY INC. COM MCHP	MCHP	3,872,428	$353.2m0.18%	0.18%	Reduced -143.6k	-143,622 -3.6%
91	CORNING INC COM GLW	GLW	1,368,026	$349.4m0.18%	0.18%	Reduced -298.8k	-298,763 -17.9%
92	SERVICENOW INC COM NOW	NOW	3,502,030	$347.7m0.18%	0.18%	Reduced -1.4m	-1,373,474 -28.2%
93	T-MOBILE US INC COM TMUS	TMUS	2,060,339	$345.6m0.18%	0.18%	Added +705.6k	+705,622 52.1%
94	RTX CORPORATION COM RTX	RTX	1,804,315	$342.3m0.18%	0.18%	Reduced -26.7k	-26,724 -1.5%
95	TARGET CORP COM TGT	TGT	2,590,215	$338.3m0.18%	0.18%	Reduced -79.1k	-79,134 -3.0%
96	BOSTON SCIENTIFIC CORP COM BSX	BSX	7,620,469	$325.2m0.17%	0.17%	Added +2.5m	+2,518,663 49.4%
97	PARKER-HANNIFIN CORP COM PH	PH	329,894	$322.7m0.17%	0.17%	Added +57.3k	+57,267 21.0%
98	GENERAL DYNAMICS CORP COM GD	GD	908,555	$321.8m0.17%	0.17%	Added +201.3k	+201,327 28.5%
99	SCHWAB CHARLES CORP COM SCHW	SCHW	3,483,025	$321.4m0.17%	0.17%	Added +133.5k	+133,481 4.0%
100	GILEAD SCIENCES INC COM GILD	GILD	2,536,332	$320.4m0.17%	0.17%	Added +569.4k	+569,394 28.9%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HONEYWELL INTL INC		693,946	$313.7m693.9k shares
CARNIVAL CORP		8,669,286	$224.4m8.7m shares
LUMENTUM HLDGS INC LITE 0.5 12.15.26	LITE 0.5 12.15.26	15,125,000	$106.9m15.1m shares
GRANITE CONSTR INC GVA 3.75 05.15.28	GVA 3.75 05.15.28	40,426,000	$106.0m40.4m shares
SEAGATE HDD CAYMAN STX 3.5 06.01.28	STX 3.5 06.01.28	15,911,000	$75.5m15.9m shares
ASCENDIS PHARMA A/S		309,173	$70.7m309.2k shares
COTERRA ENERGY INC CTRA	CTRA	1,642,820	$57.7m1.6m shares
BLOOM ENERGY CORP BE 3 06.01.29	BE 3 06.01.29	7,744,000	$50.7m7.7m shares
ISHARES TR IWS	IWS	296,327	$43.2m296.3k shares
LUMENTUM HLDGS INC LITE 1.5 12.15.29	LITE 1.5 12.15.29	4,046,000	$40.9m4.0m shares
SPDR SER TR SPIB	SPIB	1,200,000	$40.2m1.2m shares
DUPONT DE NEMOURS INC DWDP	DWDP	272,645	$37.5m272.6k shares
WAYFAIR INC W 3.5 11.15.28	W 3.5 11.15.28	20,442,000	$35.6m20.4m shares
JAZZ INVESTMENTS I LTD JAZZ 2 06.15.26	JAZZ 2 06.15.26	26,945,000	$32.7m26.9m shares
THOMSON REUTERS CORP		337,423	$30.4m337.4k shares
APPLIED OPTOELECTRONICS INC		13,566,000	$30.1m13.6m shares
AMICUS THERAPEUTICS INC FOLD	FOLD	1,864,602	$27.0m1.9m shares
HOLOGIC INC HOLX	HOLX	355,982	$26.9m356.0k shares
SABRE GLBL INC SABHLD 7.32 08.01.26	SABHLD 7.32 08.01.26	26,930,000	$26.8m26.9m shares
ISHARES TR IEO	IEO	201,000	$25.1m201.0k shares
APELLIS PHARMACEUTICALS INC APLS	APLS	584,192	$23.5m584.2k shares
TASEKO MINES LTD		3,273,626	$21.1m3.3m shares
SPDR SERIES TRUST XTL	XTL	100,000	$18.8m100.0k shares
SCHWAB STRATEGIC TR SCHM	SCHM	600,030	$18.6m600.0k shares
ARCELLX INC ACLX	ACLX	151,558	$17.4m151.6k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	235,680	$17.6bn235.7k shares	Added
INVESCO QQQ TR QQQ · Put	QQQ	Put	112,341	$8.3bn112.3k shares	Added
MICRON TECHNOLOGY INC MU · Put	MU	Put	44,670	$5.2bn44.7k shares	Added
TESLA INC TSLA · Put	TSLA	Put	74,622	$3.1bn74.6k shares	Reduced
ADVANCED MICRO DEVICES INC AMD · Put	AMD	Put	53,248	$3.1bn53.2k shares	Added
INVESCO QQQ TR QQQ · Call	QQQ	Call	37,087	$2.7bn37.1k shares	Added
VANECK ETF TRUST SMH · Put	SMH	Put	39,728	$2.6bn39.7k shares	Added
NVIDIA CORPORATION NVDA · Put	NVDA	Put	102,327	$2.0bn102.3k shares	Reduced
ISHARES TR IWM · Put	IWM	Put	66,071	$2.0bn66.1k shares	Reduced
AMAZON COM INC AMZN · Put	AMZN	Put	69,690	$1.7bn69.7k shares	Added
APPLE INC AAPL · Put	AAPL	Put	49,834	$1.4bn49.8k shares	Added
SPDR DOW JONES INDL AVERAGE DIA · Put	DIA	Put	26,992	$1.4bn27.0k shares	Added
ISHARES TR IWM · Call	IWM	Call	46,421	$1.4bn46.4k shares	Reduced
MICROSOFT CORP MSFT · Put	MSFT	Put	35,274	$1.3bn35.3k shares	Reduced
ISHARES INC EWY · Put	EWY	Put	64,100	$1.3bn64.1k shares	Added
VANECK ETF TRUST SMH · Call	SMH	Call	19,495	$1.3bn19.5k shares	Added
META PLATFORMS INC META · Put	META	Put	20,106	$1.1bn20.1k shares	Added
BROADCOM INC AVGO · Put	AVGO	Put	27,716	$1.0bn27.7k shares	Added
ORACLE CORP ORCL · Put	ORCL	Put	66,977	$981.5m67.0k shares	Added
APPLE INC AAPL · Call	AAPL	Call	32,484	$940.0m32.5k shares	Added
WESTERN DIGITAL CORP WDC · Put	WDC	Put	13,580	$867.4m13.6k shares	Added
ALPHABET INC GOOGL · Put	GOOGL	Put	22,654	$809.6m22.7k shares	Added
ISHARES TR IGV · Call	IGV	Call	86,420	$783.0m86.4k shares	Added
UNITEDHEALTH GROUP INC UNH · Put	UNH	Put	18,200	$756.4m18.2k shares	Reduced
AMAZON COM INC AMZN · Call	AMZN	Call	29,734	$708.7m29.7k shares	Added