Covea Finance 13F annual report
Covea Finance is an investment fund managing more than $2.18 trillion ran by Ludovic Jacquier. There are currently 105 companies in Mr. Jacquier’s portfolio. The largest investments include Microsoft and NVIDIA Corp, together worth $291 billion.
$2.18 trillion Assets Under Management (AUM)
As of 9th July 2024, Covea Finance’s top holding is 375,615 shares of Microsoft currently worth over $168 billion and making up 7.7% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Covea Finance owns more than approximately 0.1% of the company.
In addition, the fund holds 997,060 shares of NVIDIA Corp worth $123 billion, whose value fell 77.2% in the past six months.
The third-largest holding is Amazon.com worth $97.9 billion and the next is Apple Inc worth $96.3 billion, with 457,082 shares owned.
Currently, Covea Finance's portfolio is worth at least $2.18 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Covea Finance
The Covea Finance office and employees reside in Paris, France. According to the last 13-F report filed with the SEC, Ludovic Jacquier serves as the Managing director at Covea Finance.
Recent trades
In the most recent 13F filing, Covea Finance revealed that it had opened a new position in
Becton Dickinson Co and bought 20,180 shares worth $4.72 billion.
The investment fund also strengthened its position in NVIDIA Corp by buying
891,858 additional shares.
This makes their stake in NVIDIA Corp total 997,060 shares worth $123 billion.
NVIDIA Corp dropped approximately 0.1% in the past year.
On the other hand, there are companies that Covea Finance is getting rid of from its portfolio.
Covea Finance closed its position in Prologis Inc on 16th July 2024.
It sold the previously owned 210,224 shares for $27.4 billion.
Ludovic Jacquier also disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $168 billion and 375,615 shares.
One of the largest hedge funds
The two most similar investment funds to Covea Finance are Hollencrest Capital Management and Hs Management Partners. They manage $2.18 trillion and $2.18 trillion respectively.
Ludovic Jacquier investment strategy
Covea Finance’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 24.7% of
the total portfolio value.
The fund focuses on investments in the United States as
68.6% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
50% of the total holdings value.
On the other hand, small-cap stocks make up only 1.9% of the portfolio.
The average market cap of the portfolio companies is close to $126 billion.
The complete list of Covea Finance trades based on 13F SEC filings
These positions were updated on July 16th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Microsoft Corporation |
0.02%
375,615
|
$167,881,124,000 | 7.69% |
| NVIDIA Corp |
847.76%
997,060
|
$123,176,792,000 | 5.64% |
| Amazon.com Inc. |
33.68%
506,689
|
$97,917,649,000 | 4.49% |
| Apple Inc |
12.70%
457,082
|
$96,270,611,000 | 4.41% |
| Netflix Inc. |
13.29%
95,220
|
$64,262,074,000 | 2.94% |
| Broadcom Inc. |
1.50%
38,470
|
$61,764,739,000 | 2.83% |
| Costco Whsl Corp New |
5.66%
71,812
|
$61,039,482,000 | 2.80% |
| Walmart Inc |
10.34%
859,050
|
$58,166,276,000 | 2.67% |
| Disney Walt Co |
22.86%
560,316
|
$55,633,776,000 | 2.55% |
| Cameco Corp. |
4.80%
1,107,051
|
$54,415,863,000 | 2.49% |
| Waste Mgmt Inc Del |
1.46%
241,155
|
$51,448,008,000 | 2.36% |
| Thermo Fisher Scientific Inc. |
5.07%
89,111
|
$49,278,383,000 | 2.26% |
| Danaher Corp. |
1.86%
171,223
|
$42,780,067,000 | 1.96% |
| Visa Inc |
1.59%
162,421
|
$42,630,640,000 | 1.95% |
| Honeywell International Inc |
5.18%
180,868
|
$38,622,553,000 | 1.77% |
| Howmet Aerospace Inc. |
26.93%
495,550
|
$38,469,547,000 | 1.76% |
| Adobe Inc |
1.63%
68,589
|
$38,103,933,000 | 1.75% |
| Zoetis Inc |
16.19%
207,444
|
$35,962,492,000 | 1.65% |
| Intuitive Surgical Inc |
1.84%
79,872
|
$35,531,059,000 | 1.63% |
| American Wtr Wks Co Inc New |
No change
273,967
|
$35,385,578,000 | 1.62% |
| Rollins, Inc. |
0.60%
715,605
|
$34,914,368,000 | 1.60% |
| Amphenol Corp. |
90.99%
480,064
|
$32,341,912,000 | 1.48% |
| Oreilly Automotive Inc |
12.14%
30,479
|
$32,187,653,000 | 1.48% |
| Nike, Inc. |
456.52%
393,936
|
$29,690,956,000 | 1.36% |
| Dexcom Inc |
2.25%
253,510
|
$28,742,964,000 | 1.32% |
| Motorola Solutions Inc |
2.27%
73,930
|
$28,540,677,000 | 1.31% |
| Roper Technologies Inc |
2.45%
49,926
|
$28,141,289,000 | 1.29% |
| ITT Inc |
7.62%
214,600
|
$27,722,028,000 | 1.27% |
| Prologis Inc |
Closed
210,224
|
$27,375,369,000 | |
| Sempra |
2.79%
359,135
|
$27,315,808,000 | 1.25% |
| Ametek Inc |
3.22%
160,438
|
$26,746,619,000 | 1.23% |
| Lowes Cos Inc |
2.74%
119,882
|
$26,429,186,000 | 1.21% |
| Alphabet Inc |
No change
138,315
|
$25,194,077,000 | 1.15% |
| Nutrien Ltd |
2.24%
445,040
|
$22,619,173,000 | 1.04% |
| Globus Med Inc |
0.13%
315,000
|
$21,574,350,000 | 0.99% |
| Advanced Micro Devices Inc. |
78.17%
131,670
|
$21,358,191,000 | 0.98% |
| Procter And Gamble Co |
19.06%
125,370
|
$20,676,020,000 | 0.95% |
| Enbridge Inc |
No change
576,200
|
$20,464,030,000 | 0.94% |
| Clean Harbors, Inc. |
588.80%
86,100
|
$19,471,515,000 | 0.89% |
| Zimmer Biomet Holdings Inc |
15.35%
177,410
|
$19,254,307,000 | 0.88% |
| Parker-Hannifin Corp. |
3.91%
35,356
|
$17,883,418,000 | 0.82% |
| Cheniere Energy Inc. |
46.50%
102,200
|
$17,867,626,000 | 0.82% |
| Wabtec |
2.87%
108,248
|
$17,108,596,000 | 0.78% |
| Ecolab, Inc. |
No change
69,603
|
$16,565,514,000 | 0.76% |
| Mondelez International Inc. |
3.92%
234,650
|
$15,355,496,000 | 0.70% |
| Tjx Cos Inc New |
No change
138,448
|
$15,243,125,000 | 0.70% |
| Cadence Design System Inc |
No change
45,652
|
$14,049,403,000 | 0.64% |
| Martin Marietta Matls Inc |
5.84%
25,190
|
$13,647,942,000 | 0.63% |
| Targa Res Corp |
15.85%
99,040
|
$12,754,371,000 | 0.58% |
| Hubbell Inc. |
527.27%
34,500
|
$12,609,060,000 | 0.58% |
| BWX Technologies Inc |
956.00%
132,000
|
$12,540,000,000 | 0.57% |
| Sherwin-Williams Co. |
5.09%
38,297
|
$11,428,974,000 | 0.52% |
| Tractor Supply Co. |
No change
41,290
|
$11,148,300,000 | 0.51% |
| Illinois Tool Wks Inc |
7.79%
46,767
|
$11,081,908,000 | 0.51% |
| Abbott Labs |
69.49%
105,554
|
$10,968,116,000 | 0.50% |
| Xylem Inc |
3.56%
77,980
|
$10,576,427,000 | 0.48% |
| American Tower Corp. |
No change
52,371
|
$10,179,875,000 | 0.47% |
| Equinix Inc |
No change
13,240
|
$10,017,384,000 | 0.46% |
| Marvell Technology Inc |
No change
142,064
|
$9,930,274,000 | 0.46% |
| Texas Instrs Inc |
47.99%
48,450
|
$9,424,979,000 | 0.43% |
| Rockwell Automation Inc |
49.76%
33,923
|
$9,338,323,000 | 0.43% |
| NextEra Energy Inc |
65.05%
126,862
|
$8,983,098,000 | 0.41% |
| Marriott Intl Inc New |
15.49%
35,640
|
$8,616,683,000 | 0.39% |
| Curtiss-Wright Corp. |
13.60%
30,500
|
$8,264,890,000 | 0.38% |
| CMS Energy Corporation |
7.74%
129,900
|
$7,732,947,000 | 0.35% |
| Starbucks Corp. |
No change
94,999
|
$7,395,672,000 | 0.34% |
| Ingredion Inc |
1.24%
63,600
|
$7,294,920,000 | 0.33% |
| Teledyne Technologies Inc |
39.27%
16,100
|
$6,246,478,000 | 0.29% |
| Taiwan Semiconductor Mfg Ltd |
No change
35,511
|
$6,172,167,000 | 0.28% |
| Merck Co Inc |
74.55%
48,000
|
$5,942,400,000 | 0.27% |
| Veeva Sys Inc |
No change
31,400
|
$5,746,514,000 | 0.26% |
| ServiceNow Inc |
26.32%
7,200
|
$5,664,024,000 | 0.26% |
| Lululemon Athletica inc. |
Closed
14,290
|
$5,582,389,000 | |
| Simply Good Foods Co |
No change
154,100
|
$5,567,633,000 | 0.26% |
| Keysight Technologies Inc |
55.15%
37,988
|
$5,194,859,000 | 0.24% |
| Coca-Cola Co |
No change
81,000
|
$5,155,650,000 | 0.24% |
| Lauder Estee Cos Inc |
No change
44,381
|
$4,722,138,000 | 0.22% |
| Becton Dickinson Co |
Opened
20,180
|
$4,716,268,000 | 0.22% |
| Cae Inc. |
No change
202,900
|
$3,762,212,000 | 0.17% |
| Chemed Corp. |
22.64%
6,500
|
$3,526,770,000 | 0.16% |
| PTC Inc |
3.50%
19,300
|
$3,506,231,000 | 0.16% |
| Coherent Corp |
No change
48,000
|
$3,478,080,000 | 0.16% |
| Woodward Inc |
9.52%
19,000
|
$3,313,220,000 | 0.15% |
| Valmont Inds Inc |
1.68%
11,700
|
$3,211,065,000 | 0.15% |
| Ansys Inc. |
76.28%
9,950
|
$3,198,925,000 | 0.15% |
| Cboe Global Mkts Inc |
No change
18,500
|
$3,146,110,000 | 0.14% |
| Macom Tech Solutions Hldgs I |
No change
25,000
|
$2,786,750,000 | 0.13% |
| ATI Inc |
27.94%
49,000
|
$2,717,050,000 | 0.12% |
| Datadog Inc |
17.48%
20,300
|
$2,632,707,000 | 0.12% |
| Essential Utils Inc |
31.25%
66,000
|
$2,463,780,000 | 0.11% |
| Gentex Corp. |
25.00%
70,000
|
$2,359,700,000 | 0.11% |
| Donaldson Co. Inc. |
11.11%
32,000
|
$2,289,920,000 | 0.10% |
| Eagle Matls Inc |
17.65%
10,000
|
$2,174,600,000 | 0.10% |
| Cleveland-Cliffs Inc |
Closed
94,000
|
$2,137,560,000 | |
| Cooper Cos Inc |
36.84%
24,000
|
$2,095,200,000 | 0.10% |
| Pool Corporation |
Closed
5,100
|
$2,057,850,000 | |
| Commercial Metals Co. |
No change
37,000
|
$2,034,630,000 | 0.09% |
| Darling Ingredients Inc |
28.01%
55,000
|
$2,021,250,000 | 0.09% |
| Brunswick Corp. |
No change
26,000
|
$1,892,020,000 | 0.09% |
| Oshkosh Corp |
No change
16,500
|
$1,785,300,000 | 0.08% |
| Cognex Corp. |
16.48%
38,000
|
$1,776,880,000 | 0.08% |
| Idex Corporation |
26.09%
8,500
|
$1,710,200,000 | 0.08% |
| Biomarin Pharmaceutical Inc. |
Opened
18,000
|
$1,481,940,000 | 0.07% |
| Dynatrace Inc |
29.03%
33,000
|
$1,476,420,000 | 0.07% |
| AMKOR Technology Inc. |
Opened
32,000
|
$1,280,640,000 | 0.06% |
| Allegro Microsystems Inc |
No change
45,000
|
$1,270,800,000 | 0.06% |
| Bruker Corp |
Closed
13,500
|
$1,268,190,000 | |
| Bentley Sys Inc |
No change
25,000
|
$1,234,000,000 | 0.06% |
| Coty Inc |
Opened
115,000
|
$1,152,300,000 | 0.05% |
| MarketAxess Holdings Inc. |
57.03%
5,500
|
$1,102,915,000 | 0.05% |
| No transactions found | |||
| Showing first 500 out of 110 holdings | |||
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