CREDIT INDUSTRIEL ET COMMERCIAL

PARIS FRANCE, I0 · CIK 1274419 · 13F filing filed 2026-07-24

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 entityCREDIT INDUSTRIEL ET COMMERCIAL (FR)
Part of CONFEDERATION NATIONALE CREDIT MUTUEL (FR)

Other 13F filers in this group: Groupe la Francaise $8.1bn, BLI - Banque de Luxembourg Investments $2.8bn, Groupe des Assurances du Credit Mutuel $8.0m, Assurances du Credit Mutuel Vie SA files a notice, Banque Transatlantique Belgium files a notice, Banque Transatlantique Luxembourg files a notice, Credit Mutuel Gestion files a notice, Dubly Transatlantique Gestion files a notice, TRANSATLANTIQUE PRIVATE WEALTH LLC files a notice

Kindwealth, bank or insurer
Others nearbyNew York, NY, Paris, Luxembourg, Brussels, Strasbourg, Lille
FamilyCONFEDERATION NATIONALE CREDIT MUTUEL · 10 related pages · largest: Groupe la Francaise

As an employer

US visa salary filings

Filings FY20241
Median salary offered$98,000
Middle half$98,000 – $98,000
Job titles1

Job title	Filings	Median	Range
Senior AssociateNew York, NY	1	$98,000

Source: US Department of Labor, Labor Condition Application disclosure data (certified, full-time, yearly equivalent). These are the salaries the employer committed to pay the visa roles it filed for, at least the prevailing wage for the job and place; they are not the pay of all its staff. Filed by: Credit Industriel et Commercial.

$923.2m reported value +47.1% vs Q1 2026

217positions

45.4%in top 10

48 new 47 added 81 reduced 59 sold out vs Q1 2026

Options: 5 call positions ($10.0m notional), 116 put positions ($621.2m notional) – listed below, not included above.

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

Caisse Federale de Credit Mutuel – reports through this filing

Also in the report of:

Banque Transatlantique SA – $38.2m of shares are in both reports
BLI - Banque de Luxembourg Investments – $27.9m of shares are in both reports
Banque de Luxembourg S.A. – $10.1m of shares are in both reports

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	JANUS HENDERSON GROUP PLC ORD SHS ORD SHS		2,113,002	$109.8m11.89%	11.89%	Added +2.0m	+1,996,702 1716.8%
2	HEWLETT PACKARD ENTERPRISE C 7.625 MAND CONV HPE 7.625 09.01.27	HPE 7.625 09.01.27	650,000	$74.3m8.05%	8.05%	Unchanged
3	ALPHABET INC DEP SHS RP1/20 B GOOGL 6.25 05.15.29 B	GOOGL 6.25 05.15.29 B	1,100,000	$54.6m5.92%	5.92%	New
4	NEXTERA ENERGY INC UNIT 02/15/2029 NEE 7.375 02.15.29	NEE 7.375 02.15.29	1,050,000	$50.3m5.45%	5.45%	Added +275.0k	+275,000 35.5%
5	ORACLE CORP 6.5 DEP CUM SR D ORCL 6.5 01.15.29 D	ORCL 6.5 01.15.29 D	775,000	$35.1m3.80%	3.80%	Added +250.0k	+250,000 47.6%
6	PG&E CORP PFD CONV SER A PCG 6 12.01.27 A	PCG 6 12.01.27 A	725,000	$30.1m3.26%	3.26%	Added +100.0k	+100,000 16.0%
7	NEXTERA ENERGY INC UNIT 06/01/2027 NEE 7.299 06.01.27	NEE 7.299 06.01.27	325,000	$17.4m1.88%	1.88%	Unchanged
8	PENUMBRA INC COM PEN	PEN	52,078	$16.4m1.78%	1.78%	Added +26.3k	+26,261 101.7%
9	RYANAIR HOLDINGS PLC SPONSORED ADR RYAAY	RYAAY	243,500	$15.7m1.70%	1.70%	Added +143.7k	+143,659 143.9%
10	ARES MANAGEMENT CORPORATION 6.75 SE B PFD ARES 6.75 10.01.27 B	ARES 6.75 10.01.27 B	425,000	$15.7m1.70%	1.70%	Reduced -50.0k	-50,000 -10.5%
11	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	577,251	$15.4m1.67%	1.67%	Added +260.0k	+260,000 82.0%
12	SUPER MICRO COMPUTER INC 7 DEP CM SR A WI SMCI 7 06.01.29	SMCI 7 06.01.29	300,000	$15.2m1.65%	1.65%	New
13	ALPHABET INC CAP STK CL C GOOG	GOOG	36,451	$12.9m1.40%	1.40%	Reduced -148.3k	-148,284 -80.3%
14	ALBEMARLE CORP 7.25% DEP SHS A ALB 7.25 03.01.27	ALB 7.25 03.01.27	225,000	$12.6m1.36%	1.36%	Unchanged
15	KENVUE INC COM KVUE	KVUE	626,479	$12.0m1.30%	1.30%	Added +83.2k	+83,228 15.3%
16	FOX CORP CL B COM FOX	FOX	254,476	$11.9m1.29%	1.29%	Added +9.3k	+9,300 3.8%
17	WEBSTER FINL CORP COM WBS	WBS	146,757	$11.2m1.21%	1.21%	Added +41.5k	+41,536 39.5%
18	UNDER ARMOUR INC CL A UAA	UAA	1,567,618	$10.0m1.09%	1.09%	Added +31.2k	+31,214 2.0%
19	TOPBUILD CORP COM BLD	BLD	26,950	$9.6m1.03%	1.03%	New
20	TECK RESOURCES LTD CL B TECK	TECK	157,200	$9.3m1.01%	1.01%	Added +52.0k	+52,000 49.4%
21	TXNM ENERGY INC COM TXNM	TXNM	160,279	$9.1m0.99%	0.99%	Added +5.6k	+5,626 3.6%
22	NOVANTA INC UNIT 11/01/2028 NOVT 6.5 11.01.28	NOVT 6.5 11.01.28	130,000	$8.8m0.95%	0.95%	Unchanged
23	APOGEE THERAPEUTICS INC COM COM		63,424	$8.4m0.91%	0.91%	New
24	SILA REALTY TRUST INC COMMON STOCK COMMON STOCK		275,000	$8.3m0.90%	0.90%	New
25	ORGANON & CO COMMON STOCK OGN	OGN	584,944	$7.9m0.86%	0.86%	New
26	HEICO CORP NEW CL A HEI.A	HEI.A	30,544	$7.9m0.85%	0.85%	Unchanged
27	SHIFT4 PMTS INC 6 SER A CNV PREF FOUR 6 05.01.28	FOUR 6 05.01.28	125,000	$7.6m0.82%	0.82%	Unchanged
28	TWO HBRS INVT CORP COM COM		602,257	$7.5m0.81%	0.81%	Added +509.3k	+509,257 547.6%
29	BRIGHTHOUSE FINL INC COM BHF	BHF	116,192	$7.4m0.80%	0.80%	Reduced -21.1k	-21,084 -15.4%
30	U HAUL HOLDING COMPANY COM SER N UHAL.B	UHAL.B	125,898	$7.3m0.79%	0.79%	Added +21.2k	+21,200 20.2%
31	ALLIED GOLD CORP COM NEW AAUC	AAUC	299,874	$7.1m0.77%	0.77%	Added +92.7k	+92,657 44.7%
32	LIBERTY GLOBAL LTD COM CL C LBTYK	LBTYK	574,930	$6.3m0.69%	0.69%	Unchanged
33	CHART INDS INC COM GTLS	GTLS	30,248	$6.3m0.68%	0.68%	Reduced -12.1k	-12,100 -28.6%
34	JD.COM INC NOTE 0.250% 6/0 · principal JD 0.25 06.01.29 · principal	JD 0.25 06.01.29	6,500,000	$6.3m0.68%	0.68%	Unchanged
35	ALARM COM HLDGS INC NOTE 2.250% 6/0 · principal ALRM 2.25 06.01.29 · principal	ALRM 2.25 06.01.29	6,556,000	$6.3m0.68%	0.68%	Unchanged
36	CATALYST PHARMACEUTICALS INC COM CPRX	CPRX	193,503	$6.1m0.66%	0.66%	New
37	KKR & CO INC 6.25 CON SER D KKR 6.25 03.01.28 D	KKR 6.25 03.01.28 D	150,000	$5.9m0.64%	0.64%	Unchanged
38	AVANOS MED INC COM AVNS	AVNS	235,940	$5.9m0.64%	0.64%	New
39	ROKU INC COM CL A ROKU	ROKU	42,140	$5.8m0.63%	0.63%	New
40	IHS HOLDING LIMITED ORD SHS IHS	IHS	684,579	$5.6m0.61%	0.61%	Added +229.3k	+229,277 50.4%
41	NATHANS FAMOUS INC NEW COM NATH	NATH	54,814	$5.6m0.60%	0.60%	Added +12.0k	+12,000 28.0%
42	NUVALENT INC COM COM		43,670	$5.4m0.58%	0.58%	New
43	TRIP COM GROUP LTD NOTE 0.750% 6/1 · principal TCOM 0.75 06.15.29 · principal	TCOM 0.75 06.15.29	5,000,000	$4.9m0.53%	0.53%	Added +3.0m	+3,000,000 150.0%
44	ISHARES INC MSCI BRAZIL ETF EWZ	EWZ	138,846	$4.8m0.52%	0.52%	Added +33.6k	+33,640 32.0%
45	BROOKFIELD INFRAST PARTNERS LP INT UNIT BIP	BIP	129,126	$4.7m0.51%	0.51%	New
46	ISHARES TR CHINA LG-CAP ETF FXI	FXI	144,115	$4.6m0.49%	0.49%	Reduced -68.0k	-67,994 -32.1%
47	NEWS CORP NEW CL A NWSA	NWSA	179,085	$4.4m0.48%	0.48%	Reduced -16.2k	-16,241 -8.3%
48	BROOKFIELD RENEWABLE PARTNER PARTNERSHIP UNIT BEP	BEP	122,930	$4.3m0.46%	0.46%	Reduced -42.6k	-42,600 -25.7%
49	GREEN DOT CORP CL A GDOT	GDOT	310,000	$4.2m0.45%	0.45%	Reduced -35.0k	-35,000 -10.1%
50	SUPER MICRO COMPUTER INC NOTE 3.500% 3/0 · principal SMCI 3.5 03.01.29 · principal	SMCI 3.5 03.01.29	4,500,000	$4.2m0.45%	0.45%	Unchanged
51	ELECTRONIC ARTS INC COM EA	EA	19,385	$4.0m0.43%	0.43%	Reduced -26.4k	-26,400 -57.7%
52	GRIFOLS S A SP ADR REP B NVT GRFS	GRFS	555,250	$3.9m0.42%	0.42%	Added +193.8k	+193,795 53.6%
53	TAYLOR MORRISON HOME CORP COM TMHC	TMHC	53,500	$3.8m0.42%	0.42%	New
54	ETSY INC NOTE 0.250% 6/1 · principal ETSY 0.25 06.15.28 · principal	ETSY 0.25 06.15.28	4,000,000	$3.6m0.39%	0.39%	Unchanged
55	GLOBAL PMTS INC NOTE 1.500% 3/0 · principal GPN 1.5 03.01.31 · principal	GPN 1.5 03.01.31	4,000,000	$3.6m0.39%	0.39%	Reduced -3.0m	-3,000,000 -42.9%
56	SELECT SECTOR SPDR TR ENERGY XLE	XLE	65,747	$3.5m0.38%	0.38%	Added +25.5k	+25,538 63.5%
57	CENTRAL GARDEN & PET CO CL A NON-VTG CENTA	CENTA	86,883	$3.4m0.36%	0.36%	Added +56.0k	+56,038 181.7%
58	ESPERION THERAPEUTICS INC NE COM ESPR	ESPR	1,044,420	$3.3m0.36%	0.36%	New
59	CLEAR CHANNEL OUTDOOR HLDGS COM CCO	CCO	1,349,475	$3.3m0.35%	0.35%	Added +501.5k	+501,515 59.1%
60	SNAP INC NOTE 0.500% 5/0 · principal SNAP 0.5 05.01.30 · principal	SNAP 0.5 05.01.30	4,000,000	$3.2m0.35%	0.35%	New
61	LENNAR CORP CL A LEN	LEN	34,808	$3.1m0.34%	0.34%	New
62	KRANESHARES TRUST CSI CHI INTERNET KWEB	KWEB	126,689	$3.1m0.34%	0.34%	Reduced -2.1k	-2,118 -1.6%
63	BROWN FORMAN CORP CL B BF.B	BF.B	116,122	$3.1m0.34%	0.34%	New
64	TALKSPACE INC COM TALK	TALK	584,410	$3.0m0.33%	0.33%	Added +149.2k	+149,210 34.3%
65	OLAPLEX HLDGS INC COM OLPX	OLPX	1,443,040	$3.0m0.32%	0.32%	Added +955.6k	+955,640 196.1%
66	JAZZ INVESTMENTS I LTD NOTE 3.125% 9/1 · principal JAZZ 3.125 09.15.30 · principal	JAZZ 3.125 09.15.30	1,750,000	$2.9m0.32%	0.32%	Unchanged
67	ALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 · principal BABA 0.5 06.01.31 · principal	BABA 0.5 06.01.31	2,500,000	$2.9m0.32%	0.32%	Unchanged
68	GREIF INC CL A GEF	GEF	38,762	$2.9m0.31%	0.31%	New
69	CROSS CTRY HEALTHCARE INC COM CCRN	CCRN	216,700	$2.9m0.31%	0.31%	New
70	BLACKSTONE INC COM BX	BX	23,818	$2.8m0.30%	0.30%	Added +19.8k	+19,787 490.9%
71	LIBERTY MEDIA CORP DEL COM LBTY ONE S C FWONK	FWONK	29,350	$2.8m0.30%	0.30%	Added +11.4k	+11,450 64.0%
72	SELECT MED HLDGS CORP COM SEM	SEM	167,503	$2.8m0.30%	0.30%	Unchanged
73	QORVO INC COM QRVO	QRVO	29,631	$2.8m0.30%	0.30%	Reduced -25.2k	-25,214 -46.0%
74	ZILLOW GROUP INC CL C CAP STK Z	Z	86,873	$2.7m0.30%	0.30%	New
75	IQIYI INC NOTE 4.625% 3/1 · principal IQ 4.625 03.15.30 · principal	IQ 4.625 03.15.30	3,000,000	$2.7m0.29%	0.29%	Unchanged
76	SUPER MICRO COMPUTER INC NOTE 6/1 · principal SMCI 0 06.15.30 · principal	SMCI 0 06.15.30	3,000,000	$2.7m0.29%	0.29%	New
77	QIAGEN NV ORD SHARES QGEN	QGEN	69,172	$2.7m0.29%	0.29%	Added +62.8k	+62,841 992.6%
78	GLOBAL X FDS GLOBAL X URANIUM URA	URA	58,685	$2.6m0.28%	0.28%	Added +45.7k	+45,727 352.9%
79	APPLE INC COM AAPL	AAPL	8,714	$2.5m0.27%	0.27%	Reduced -12.3k	-12,344 -58.6%
80	MARRIOTT VACATIONS WORLDWIDE NOTE 3.250%12/1 · principal VAC 3.25 12.15.27 · principal	VAC 3.25 12.15.27	2,500,000	$2.5m0.27%	0.27%	Unchanged
81	ELME COMMUNITIES SH BEN INT ELME	ELME	1,625,516	$2.4m0.26%	0.26%	Unchanged
82	LIBERTY LIVE HOLDINGS INC COM SER A LLYVA	LLYVA	23,500	$2.4m0.26%	0.26%	New
83	GLOBAL X FDS GLOBAL X COPPER COPX	COPX	30,472	$2.3m0.25%	0.25%	Added +21.2k	+21,212 229.1%
84	AKAMAI TECHNOLOGIES INC NOTE 1.125% 2/1 · principal AKAM 1.125 02.15.29 · principal	AKAM 1.125 02.15.29	2,000,000	$2.3m0.25%	0.25%	Unchanged
85	OPEN LENDING CORP COM LPRO	LPRO	720,000	$2.2m0.24%	0.24%	New
86	LIBERTY BROADBAND CORP COM SER A LBRDA	LBRDA	66,372	$2.2m0.24%	0.24%	Unchanged
87	MGM RESORTS INTERNATIONAL COM MGM	MGM	45,941	$2.2m0.24%	0.24%	Added +23.8k	+23,764 107.2%
88	MERCADOLIBRE INC COM MELI	MELI	1,275	$2.2m0.23%	0.23%	Added +339	+339 36.2%
89	TRUBRIDGE INC COM TBRG	TBRG	81,241	$2.1m0.23%	0.23%	New
90	SPDR SER TR S&P REGL BKG KRE	KRE	28,280	$2.1m0.23%	0.23%	Reduced -54.0k	-53,968 -65.6%
91	MICROCHIP TECHNOLOGY INC. NOTE 0.750% 6/0 · principal MCHP 0.75 06.01.30 · principal	MCHP 0.75 06.01.30	2,000,000	$2.1m0.23%	0.23%	Reduced -2.0m	-2,000,000 -50.0%
92	MCCORMICK & CO INC COM NON VTG MKC	MKC	40,000	$2.0m0.22%	0.22%	New
93	VANECK ETF TRUST SEMICONDUCTR ETF SMH	SMH	3,046	$2.0m0.22%	0.22%	Reduced -12.7k	-12,723 -80.7%
94	ISHARES TR RUSSELL 2000 ETF IWM	IWM	6,618	$2.0m0.22%	0.22%	Reduced -34.7k	-34,724 -84.0%
95	ISHARES TR MSCI EAFE ETF EFA	EFA	18,606	$1.9m0.21%	0.21%	Reduced -24.2k	-24,237 -56.6%
96	BIOMARIN PHARMACEUTICAL INC COM BMRN	BMRN	33,013	$1.9m0.20%	0.20%	Reduced -7.0k	-7,000 -17.5%
97	NORFOLK SOUTHN CORP COM NSC	NSC	6,000	$1.9m0.20%	0.20%	Added +2.0k	+2,000 50.0%
98	SPDR SER TR S&P BIOTECH XBI	XBI	11,590	$1.8m0.20%	0.20%	Reduced -24.0k	-24,043 -67.5%
99	ABBOTT LABS COM ABT	ABT	20,002	$1.8m0.20%	0.20%	Reduced -10.8k	-10,795 -35.0%
100	SIRIUSXM HOLDINGS INC COMMON STOCK SIRI	SIRI	60,385	$1.8m0.19%	0.19%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
CARNIVAL PLC CUK	CUK	602,182	$15.5m602.2k shares
ARCELLX INC ACLX	ACLX	134,648	$15.5m134.6k shares
HOLOGIC INC HOLX	HOLX	204,250	$15.4m204.2k shares
CSG SYS INTL INC		148,867	$11.9m148.9k shares
AIR LEASE CORP AL	AL	182,350	$11.8m182.3k shares
AMICUS THERAPEUTICS INC FOLD	FOLD	771,948	$11.2m771.9k shares
BROOKFIELD INFRASTRUCTURE CO BIPC	BIPC	233,650	$9.2m233.7k shares
ONESTREAM INC OS	OS	365,500	$8.8m365.5k shares
CLEARWATER ANALYTICS HLDGS I		311,432	$7.4m311.4k shares
PROASSURANCE CORP PRA	PRA	294,874	$7.3m294.9k shares
SPDR SER TR KBE	KBE	87,134	$5.2m87.1k shares
SEALED AIR CORP NEW		117,603	$4.9m117.6k shares
TERNS PHARMACEUTICALS INC		90,236	$4.8m90.2k shares
MASIMO CORP MASI	MASI	23,050	$4.1m23.1k shares
DEXCOM INC DXCM 0.375 05.15.28	DXCM 0.375 05.15.28	4,000,000	$4.0m4.0m shares
SWK HLDGS CORP		225,000	$3.8m225.0k shares
PEAKSTONE REALTY TRUST PKST	PKST	180,000	$3.8m180.0k shares
ON SEMICONDUCTOR CORP ON 0.5 03.01.29	ON 0.5 03.01.29	3,627,000	$3.6m3.6m shares
ENVIRI CORP		180,000	$3.5m180.0k shares
FIRST FNDTN INC FFWM	FFWM	580,462	$3.4m580.5k shares
DAY ONE BIOPHARMACEUTICALS I		135,420	$2.9m135.4k shares
MISTER CAR WASH INC		401,600	$2.8m401.6k shares
ISHARES INC EWT	EWT	34,614	$2.5m34.6k shares
EUROPEAN WAX CTR INC EWCZ	EWCZ	390,803	$2.3m390.8k shares
ENHABIT INC EHAB	EHAB	158,744	$2.2m158.7k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
VANECK ETF TRUST SMH · Put	SMH	Put	110,900	$72.7m110.9k shares	Reduced
ISHARES TR IWM · Put	IWM	Put	175,000	$52.6m175.0k shares	Reduced
SELECT SECTOR SPDR TR XLE · Put	XLE	Put	885,400	$47.0m885.4k shares	Reduced
SELECT SECTOR SPDR TR XLK · Put	XLK	Put	154,000	$29.3m154.0k shares	Added
SPDR SER TR XBI · Put	XBI	Put	179,600	$28.4m179.6k shares	Reduced
SPDR SER TR KRE · Put	KRE	Put	359,800	$26.9m359.8k shares	Reduced
APPLE INC AAPL · Put	AAPL	Put	75,600	$21.9m75.6k shares	Unchanged
ISHARES TR SOXX · Put	SOXX	Put	30,500	$19.5m30.5k shares	Unchanged
ISHARES INC EWZ · Put	EWZ	Put	545,000	$18.8m545.0k shares	Added
ISHARES TR EFA · Put	EFA	Put	130,000	$13.5m130.0k shares	Unchanged
ISHARES TR FXI · Put	FXI	Put	419,900	$13.3m419.9k shares	Reduced
SPDR SER TR XOP · Put	XOP	Put	80,000	$12.3m80.0k shares	Reduced
SELECT SECTOR SPDR TR XLF · Put	XLF	Put	222,000	$11.9m222.0k shares	Reduced
INVESCO QQQ TR QQQ · Put	QQQ	Put	15,000	$11.0m15.0k shares	Reduced
BLACKSTONE INC BX · Put	BX	Put	92,500	$10.9m92.5k shares	Added
ISHARES TR EEM · Put	EEM	Put	150,000	$10.3m150.0k shares	Reduced
FERRARI N V RACE · Put	RACE	Put	25,000	$9.2m25.0k shares	Unchanged
SELECT SECTOR SPDR TR XLU · Put	XLU	Put	185,000	$8.4m185.0k shares	Added
KLA CORP KLAC · Put	KLAC	Put	25,000	$7.5m25.0k shares	Unchanged
TESLA INC TSLA · Put	TSLA	Put	17,500	$7.4m17.5k shares	Added
GLOBAL X FDS COPX · Put	COPX	Put	90,000	$6.9m90.0k shares	Added
GENERAL MTRS CO GM · Put	GM	Put	86,400	$6.7m86.4k shares	Unchanged
SPDR SERIES TRUST XME · Put	XME	Put	60,000	$6.4m60.0k shares	Unchanged
MODERNA INC MRNA · Put	MRNA	Put	85,000	$6.0m85.0k shares	Unchanged
MERCADOLIBRE INC MELI · Put	MELI	Put	3,500	$5.9m3.5k shares	Added