BNP PARIBAS FINANCIAL MARKETS

PARIS, I0 · CIK 1166588 · 13F filing filed 2025-02-14

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.

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

Other 13F filers in this group: BNP PARIBAS FINANCIAL MARKETS last filed Q2 2026, BNP PARIBAS last filed Q2 2026, BNP PARIBAS ASSET MANAGEMENT EUROPE last filed Q2 2026, BNP PARIBAS ASSET MANAGEMENT USA, Inc. last filed Q2 2026, BNP PARIBAS CARDIF VITA COMPAGNIA DI ASSICURAZIONE E RIASSICURAZIONE S.P.A. last filed Q2 2026, BNP PARIBAS SECURITIES CORP last filed Q2 2026, BNP Paribas Fortis last filed Q2 2026, CARDIF LUX VIE last filed Q2 2026, Cardif Assurance Vie last filed Q4 2025, Cardif-Assurances Risques Divers last filed Q4 2025

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

$129.3bn reported value +25.8% vs Q3 2024

4,542positions

22.4%in top 10

1,300 new 1,422 added 1,657 reduced 166 sold out vs Q3 2024

Options: 417 call positions ($12.3bn notional), 436 put positions ($36.8bn 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, Q4 2024

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	34,877,041	$4.7bn3.62%	3.62%	Reduced -1.9m	-1,923,126 -5.2%
2	MICROSOFT CORP COM MSFT	MSFT	10,592,722	$4.5bn3.45%	3.45%	Added +1.1m	+1,129,599 11.9%
3	APPLE INC COM AAPL	AAPL	16,393,414	$4.1bn3.18%	3.18%	Added +3.6m	+3,560,031 27.7%
4	AMAZON COM INC COM AMZN	AMZN	13,841,960	$3.0bn2.35%	2.35%	Added +1.2m	+1,213,749 9.6%
5	TESLA INC COM TSLA	TSLA	6,126,688	$2.5bn1.91%	1.91%	Reduced -896.1k	-896,142 -12.8%
6	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	4,131,178	$2.4bn1.87%	1.87%	Added +2.9m	+2,881,352 230.5%
7	BROADCOM INC COM AVGO	AVGO	9,862,408	$2.3bn1.77%	1.77%	Added +1.2m	+1,244,867 14.4%
8	META PLATFORMS INC CL A META	META	3,764,303	$2.2bn1.70%	1.70%	Reduced -380.0k	-380,038 -9.2%
9	ALPHABET INC CAP STK CL A GOOGL	GOOGL	10,037,166	$1.9bn1.47%	1.47%	Added +1.9m	+1,937,086 23.9%
10	ISHARES TR RUSSELL 2000 ETF IWM	IWM	6,241,052	$1.4bn1.07%	1.07%	Reduced -642.8k	-642,771 -9.3%
11	ALPHABET INC CAP STK CL C GOOG	GOOG	6,831,241	$1.3bn1.01%	1.01%	Reduced -236.6k	-236,609 -3.4%
12	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	2,685,105	$1.2bn0.94%	0.94%	Added +551.9k	+551,895 25.9%
13	ADVANCED MICRO DEVICES INC COM AMD	AMD	9,242,823	$1.1bn0.86%	0.86%	Added +3.7m	+3,720,034 67.4%
14	SPDR SER TR S&P BIOTECH XBI	XBI	11,884,490	$1.1bn0.83%	0.83%	Added +8.9m	+8,873,467 294.7%
15	SELECT SECTOR SPDR TR INDL XLI	XLI	7,930,823	$1.0bn0.81%	0.81%	Added +6.0m	+6,019,889 315.0%
16	EXXON MOBIL CORP COM XOM	XOM	9,478,880	$1.0bn0.79%	0.79%	Added +3.3m	+3,283,255 53.0%
17	NETFLIX INC COM NFLX	NFLX	1,143,792	$1.0bn0.79%	0.79%	Added +332.3k	+332,288 41.0%
18	JPMORGAN CHASE & CO COM JPM	JPM	3,796,659	$910.1m0.70%	0.70%	Reduced -621.8k	-621,754 -14.1%
19	VISA INC COM CL A V	V	2,761,650	$872.8m0.68%	0.68%	Added +260.4k	+260,443 10.4%
20	ISHARES TR CORE S&P500 ETF IVV	IVV	1,411,407	$830.9m0.64%	0.64%	Added +216.0k	+215,977 18.1%
21	CISCO SYS INC COM CSCO	CSCO	13,668,969	$809.2m0.63%	0.63%	Added +5.6m	+5,620,855 69.8%
22	GE AEROSPACE COM NEW GE	GE	4,486,125	$748.2m0.58%	0.58%	New
23	SALESFORCE INC COM CRM	CRM	2,038,671	$681.6m0.53%	0.53%	Added +639.3k	+639,313 45.7%
24	PEPSICO INC COM PEP	PEP	4,481,678	$681.5m0.53%	0.53%	Added +1.9m	+1,947,323 76.8%
25	DISNEY WALT CO COM DIS	DIS	5,922,824	$659.5m0.51%	0.51%	Added +2.6m	+2,550,015 75.6%
26	COSTCO WHSL CORP NEW COM COST	COST	711,790	$652.2m0.50%	0.50%	Reduced -40.4k	-40,370 -5.4%
27	BANK AMERICA CORP COM BAC	BAC	14,810,849	$650.9m0.50%	0.50%	Added +3.4m	+3,412,505 29.9%
28	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	1,268,942	$648.7m0.50%	0.50%	Reduced -406.9k	-406,890 -24.3%
29	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	7,586,166	$643.2m0.50%	0.50%	Added +6.4m	+6,408,727 544.3%
30	UNITEDHEALTH GROUP INC COM UNH	UNH	1,250,859	$632.8m0.49%	0.49%	Added +356.0k	+356,035 39.8%
31	HOME DEPOT INC COM HD	HD	1,582,276	$615.5m0.48%	0.48%	Added +281.1k	+281,118 21.6%
32	MERCK & CO INC COM MRK	MRK	5,730,773	$570.1m0.44%	0.44%	Added +2.2m	+2,185,771 61.7%
33	APPLIED MATLS INC COM AMAT	AMAT	3,402,363	$553.3m0.43%	0.43%	Added +1.7m	+1,672,117 96.6%
34	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	1,046,511	$544.4m0.42%	0.42%	Added +104.7k	+104,736 11.1%
35	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	11,216,258	$542.1m0.42%	0.42%	Added +6.8m	+6,834,422 156.0%
36	AMERICAN EXPRESS CO COM AXP	AXP	1,818,788	$539.8m0.42%	0.42%	Added +847.1k	+847,148 87.2%
37	INTUIT COM INTU	INTU	851,893	$535.4m0.41%	0.41%	Added +111.5k	+111,499 15.1%
38	MASTERCARD INCORPORATED CL A MA	MA	1,016,775	$535.4m0.41%	0.41%	Added +14.1k	+14,098 1.4%
39	QUALCOMM INC COM QCOM	QCOM	3,470,277	$533.1m0.41%	0.41%	Added +307.7k	+307,679 9.7%
40	ELI LILLY & CO COM LLY	LLY	687,632	$530.9m0.41%	0.41%	Reduced -22.4k	-22,367 -3.1%
41	GOLDMAN SACHS GROUP INC COM GS	GS	899,840	$515.3m0.40%	0.40%	Reduced -20.5k	-20,515 -2.2%
42	PFIZER INC COM PFE	PFE	18,930,991	$502.2m0.39%	0.39%	Reduced -7.2m	-7,221,865 -27.6%
43	JOHNSON & JOHNSON COM JNJ	JNJ	3,452,547	$499.3m0.39%	0.39%	Added +1.0m	+1,035,373 42.8%
44	ORACLE CORP COM ORCL	ORCL	2,925,912	$487.6m0.38%	0.38%	Added +1.2m	+1,158,431 65.5%
45	ADOBE INC COM ADBE	ADBE	1,063,945	$473.1m0.37%	0.37%	Added +163.8k	+163,802 18.2%
46	PDD HOLDINGS INC SPONSORED ADS PDD	PDD	4,763,849	$462.0m0.36%	0.36%	Added +371.2k	+371,175 8.4%
47	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	2,096,261	$460.8m0.36%	0.36%	Added +234.8k	+234,782 12.6%
48	ISHARES TR IBOXX HI YD ETF HYG	HYG	5,853,199	$460.4m0.36%	0.36%	Reduced -2.7m	-2,667,685 -31.3%
49	LINDE PLC SHS LIN	LIN	1,093,176	$457.7m0.35%	0.35%	New
50	SERVICENOW INC COM NOW	NOW	429,553	$455.4m0.35%	0.35%	Reduced -3.9k	-3,861 -0.9%
51	ANALOG DEVICES INC COM ADI	ADI	2,080,497	$442.0m0.34%	0.34%	Reduced -246.3k	-246,293 -10.6%
52	CHEVRON CORP NEW COM CVX	CVX	3,016,482	$436.9m0.34%	0.34%	Reduced -742.5k	-742,531 -19.8%
53	PROCTER AND GAMBLE CO COM PG	PG	2,531,613	$424.4m0.33%	0.33%	Reduced -254.7k	-254,679 -9.1%
54	SELECT SECTOR SPDR TR ENERGY XLE	XLE	4,887,568	$418.7m0.32%	0.32%	Added +1.6m	+1,610,820 49.2%
55	SELECT SECTOR SPDR TR SBI CONS STPLS XLP	XLP	5,288,608	$415.7m0.32%	0.32%	Added +1.8m	+1,820,831 52.5%
56	LAM RESEARCH CORP COM NEW LRCX	LRCX	5,508,476	$397.9m0.31%	0.31%	New
57	COMCAST CORP NEW CL A CMCSA	CMCSA	10,525,632	$395.0m0.31%	0.31%	Added +625.7k	+625,749 6.3%
58	WALMART INC COM WMT	WMT	4,351,485	$393.2m0.30%	0.30%	Added +541.1k	+541,138 14.2%
59	TEXAS INSTRS INC COM TXN	TXN	2,095,673	$393.0m0.30%	0.30%	Added +58.7k	+58,685 2.9%
60	BOOKING HOLDINGS INC COM BKNG	BKNG	78,087	$388.0m0.30%	0.30%	Added +1.5k	+1,527 2.0%
61	REGENERON PHARMACEUTICALS COM REGN	REGN	539,596	$384.4m0.30%	0.30%	Added +244.2k	+244,184 82.7%
62	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	1,307,339	$382.7m0.30%	0.30%	Added +394.4k	+394,353 43.2%
63	T-MOBILE US INC COM TMUS	TMUS	1,722,960	$380.3m0.29%	0.29%	Added +449.7k	+449,696 35.3%
64	MCDONALDS CORP COM MCD	MCD	1,301,621	$377.3m0.29%	0.29%	Added +251.1k	+251,084 23.9%
65	VERIZON COMMUNICATIONS INC COM VZ	VZ	9,258,020	$370.2m0.29%	0.29%	Added +2.6m	+2,565,560 38.3%
66	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	4,839,290	$366.0m0.28%	0.28%	New
67	ISHARES TR EXPANDED TECH IGV	IGV	3,643,239	$364.8m0.28%	0.28%	Added +3.5m	+3,532,132 3179.0%
68	UBER TECHNOLOGIES INC COM UBER	UBER	6,006,761	$362.3m0.28%	0.28%	Added +3.0m	+3,010,978 100.5%
69	WELLS FARGO CO NEW COM WFC	WFC	5,108,666	$358.8m0.28%	0.28%	Reduced -25.3k	-25,272 -0.5%
70	UNION PAC CORP COM UNP	UNP	1,556,323	$354.9m0.27%	0.27%	Added +819.8k	+819,825 111.3%
71	ABBOTT LABS COM ABT	ABT	3,080,020	$348.4m0.27%	0.27%	Added +874.8k	+874,839 39.7%
72	COCA COLA CO COM KO	KO	5,420,385	$337.5m0.26%	0.26%	Added +398.5k	+398,509 7.9%
73	MICRON TECHNOLOGY INC COM MU	MU	3,992,674	$336.0m0.26%	0.26%	Reduced -1.8m	-1,757,779 -30.6%
74	ABBVIE INC COM ABBV	ABBV	1,870,668	$332.4m0.26%	0.26%	Reduced -379.0k	-379,043 -16.9%
75	PHILIP MORRIS INTL INC COM PM	PM	2,737,021	$329.4m0.25%	0.25%	Added +454.1k	+454,114 19.9%
76	AT&T INC COM T	T	14,443,680	$328.9m0.25%	0.25%	Added +966.6k	+966,573 7.2%
77	GILEAD SCIENCES INC COM GILD	GILD	3,546,792	$327.6m0.25%	0.25%	Added +709.4k	+709,367 25.0%
78	S&P GLOBAL INC COM SPGI	SPGI	656,856	$327.1m0.25%	0.25%	Added +160.5k	+160,473 32.3%
79	NIKE INC CL B NKE	NKE	4,202,756	$318.0m0.25%	0.25%	Reduced -747.2k	-747,181 -15.1%
80	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	1,599,980	$316.0m0.24%	0.24%	Reduced -483.2k	-483,206 -23.2%
81	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	16,101,763	$315.4m0.24%	0.24%	Added +4.5m	+4,538,285 39.2%
82	VANECK ETF TRUST SEMICONDUCTR ETF SMH	SMH	1,295,643	$313.8m0.24%	0.24%	Reduced -67.9k	-67,942 -5.0%
83	ISHARES TR BROAD USD HIGH USHY	USHY	8,168,741	$300.5m0.23%	0.23%	Added +3.0m	+2,980,009 57.4%
84	ATLASSIAN CORPORATION CL A TEAM	TEAM	1,225,768	$298.3m0.23%	0.23%	New
85	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	987,892	$296.8m0.23%	0.23%	Added +28.2k	+28,219 2.9%
86	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	560,349	$292.5m0.23%	0.23%	Reduced -17.5k	-17,455 -3.0%
87	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	829,535	$291.8m0.23%	0.23%	Reduced -1.8k	-1,753 -0.2%
88	SCHWAB CHARLES CORP COM SCHW	SCHW	3,941,985	$291.7m0.23%	0.23%	Added +1.5m	+1,497,277 61.2%
89	KLA CORP COM NEW KLAC	KLAC	454,547	$286.4m0.22%	0.22%	Added +455	+455 0.1%
90	ISHARES TR MSCI ACWI ETF ACWI	ACWI	2,436,098	$286.2m0.22%	0.22%	Added +55.5k	+55,462 2.3%
91	PROGRESSIVE CORP COM PGR	PGR	1,191,686	$285.5m0.22%	0.22%	Added +17.2k	+17,208 1.5%
92	FREEPORT-MCMORAN INC CL B FCX	FCX	7,419,991	$282.6m0.22%	0.22%	Added +2.0m	+1,951,083 35.7%
93	CITIGROUP INC COM NEW C	C	3,989,083	$280.8m0.22%	0.22%	Added +794.2k	+794,217 24.9%
94	HONEYWELL INTL INC COM COM		1,240,270	$280.2m0.22%	0.22%	Reduced -104.5k	-104,478 -7.8%
95	PAYPAL HLDGS INC COM PYPL	PYPL	3,281,300	$280.1m0.22%	0.22%	Reduced -320.2k	-320,220 -8.9%
96	PALO ALTO NETWORKS INC COM PANW	PANW	1,504,854	$273.8m0.21%	0.21%	Added +408.0k	+408,014 37.2%
97	TJX COS INC NEW COM TJX	TJX	2,259,873	$273.0m0.21%	0.21%	Reduced -95	-95 0.0%
98	INTEL CORP COM INTC	INTC	13,352,962	$267.7m0.21%	0.21%	Reduced -114.9k	-114,917 -0.8%
99	MORGAN STANLEY COM NEW MS	MS	2,093,292	$263.2m0.20%	0.20%	Reduced -224.5k	-224,507 -9.7%
100	LOWES COS INC COM LOW	LOW	1,042,598	$257.3m0.20%	0.20%	Added +256.6k	+256,581 32.6%

Sold out since Q3 2024

Security	Ticker	Shares held before	Value then
BLACKROCK INC BLK	BLK	337,172	$320.1m337.2k shares
ARISTA NETWORKS INC		2,564,884	$246.1m2.6m shares
SPDR SER TR SPIB	SPIB	1,007,500	$34.0m1.0m shares
ISHARES TR IWP	IWP	250,026	$29.3m250.0k shares
CYBERARK SOFTWARE LTD CYBR 0 11.15.24	CYBR 0 11.15.24	12,587,000	$23.3m12.6m shares
MONGODB INC MDB 0.25 01.15.26	MDB 0.25 01.15.26	15,003,000	$20.7m15.0m shares
MARATHON OIL CORP MRO	MRO	775,141	$20.6m775.1k shares
APTIV PLC 99911EUR	99911EUR	264,147	$19.0m264.1k shares
CATALENT INC CTLT	CTLT	267,219	$16.2m267.2k shares
VANGUARD WORLD FD ESGV	ESGV	120,007	$12.2m120.0k shares
SUNOCO LP/SUNOCO FIN CORP SUN	SUN	222,876	$12.0m222.9k shares
VANECK ETF TRUST RTH	RTH	50,846	$11.1m50.8k shares
VIAVI SOLUTIONS INC VIAV 1.625 03.15.26	VIAV 1.625 03.15.26	8,402,000	$8.3m8.4m shares
ISHARES TR IYM	IYM	50,000	$7.5m50.0k shares
GRANITE CONSTR INC GVA 3.75 05.15.28	GVA 3.75 05.15.28	2,500,000	$4.5m2.5m shares
ON SEMICONDUCTOR CORP ON 0 05.01.27	ON 0 05.01.27	2,790,000	$4.1m2.8m shares
ISHARES TR IWX	IWX	50,000	$4.1m50.0k shares
AVANGRID INC AGR	AGR	110,163	$3.9m110.2k shares
ORANGE ORANY	ORANY	335,444	$3.9m335.4k shares
STERICYCLE INC SRCL	SRCL	56,195	$3.4m56.2k shares
TYLER TEX INDPT SCH DIST TYL 0.25 03.15.26	TYL 0.25 03.15.26	2,718,000	$3.3m2.7m shares
SCHWAB STRATEGIC TR SCHX	SCHX	139,362	$3.2m139.4k shares
ISHARES TR IHF	IHF	50,000	$2.9m50.0k shares
COINBASE GLOBAL INC COIN 0.5 06.01.26	COIN 0.5 06.01.26	2,875,000	$2.8m2.9m shares
ENVESTNET INC ENV	ENV	29,106	$1.8m29.1k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	104,226	$6.1bn104.2k shares	Added
NVIDIA CORPORATION NVDA · Put	NVDA	Put	208,817	$2.8bn208.8k shares	Added
TESLA INC TSLA · Put	TSLA	Put	60,918	$2.5bn60.9k shares	Added
ISHARES TR IWM · Put	IWM	Put	76,482	$1.7bn76.5k shares	Reduced
APPLE INC AAPL · Put	AAPL	Put	56,530	$1.4bn56.5k shares	Added
MICROSOFT CORP MSFT · Put	MSFT	Put	33,255	$1.4bn33.3k shares	Added
AMAZON COM INC AMZN · Put	AMZN	Put	50,054	$1.1bn50.1k shares	Reduced
INVESCO QQQ TR QQQ · Put	QQQ	Put	18,080	$924.3m18.1k shares	Reduced
ADVANCED MICRO DEVICES INC AMD · Put	AMD	Put	76,013	$918.2m76.0k shares	Added
ISHARES TR IWM · Call	IWM	Call	38,186	$843.8m38.2k shares	Reduced
INVESCO QQQ TR QQQ · Call	QQQ	Call	16,356	$836.2m16.4k shares	Reduced
META PLATFORMS INC META · Put	META	Put	13,138	$769.2m13.1k shares	Reduced
JPMORGAN CHASE & CO JPM · Put	JPM	Put	31,722	$760.4m31.7k shares	Reduced
ALPHABET INC GOOGL · Put	GOOGL	Put	36,811	$696.8m36.8k shares	Added
APPLE INC AAPL · Call	AAPL	Call	22,851	$572.2m22.9k shares	Reduced
NETFLIX INC NFLX · Put	NFLX	Put	6,234	$555.6m6.2k shares	Added
NVIDIA CORPORATION NVDA · Call	NVDA	Call	34,202	$459.3m34.2k shares	Added
BANK AMERICA CORP BAC · Put	BAC	Put	104,055	$457.3m104.1k shares	Added
SELECT SECTOR SPDR TR XLF · Put	XLF	Put	89,195	$431.1m89.2k shares	Added
ISHARES TR EEM · Put	EEM	Put	88,661	$370.8m88.7k shares	Reduced
BROADCOM INC AVGO · Put	AVGO	Put	15,508	$359.5m15.5k shares	Added
TESLA INC TSLA · Call	TSLA	Call	8,552	$345.4m8.6k shares	Reduced
CITIGROUP INC C · Put	C	Put	49,043	$345.2m49.0k shares	Added
AMERICAN EXPRESS CO AXP · Put	AXP	Put	10,990	$326.2m11.0k shares	Added
META PLATFORMS INC META · Call	META	Call	5,534	$324.0m5.5k shares	Added