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Exane Asset Management

6 RUE MENARS, PARIS, I0 75002 • 33 1 42 99 50 45

Q2 2025 · Filed 2025-07-17
Market Value
$243M
+51.1%
Holdings
31
-1
New Purchases
7
Added To
7
Closed
7
Reduced
10
Top 10 Concentration
92.1%
Turnover
45.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BAC 12.33% 0.00% +12.33% $30M
CRH.L 20.68% 10.19% +10.49% $50M
TMUS 8.35% 0.01% +8.34% $20M
RACE 4.41% 0.11% +4.30% $11M
ALC 4.18% 0.00% +4.18% $10M
ABBV 1.82% 0.00% +1.82% $4M
LLY 1.65% 0.00% +1.65% $4M
SPOT 3.95% 3.09% +0.86% $10M
PCOR 0.35% 0.00% +0.35% $856K
SNOW 0.28% 0.00% +0.28% $686K
MS 0.22% 0.00% +0.22% $544K
ZS 0.02% 0.00% +0.01% $37K
CFLT 0.00% 0.00% +0.00% $2K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UBS 13.47% 23.28% -9.81% $33M
JPM 0.00% 8.11% -8.11% $0
STLA 2.46% 8.95% -6.49% $6M
PNC 12.27% 17.68% -5.40% $30M
T 0.00% 5.30% -5.30% $0
CCEP 9.98% 12.20% -2.22% $24M
MSFT 1.69% 3.69% -2.00% $4M
ESTC 0.40% 2.23% -1.82% $981K
DDOG 0.84% 2.20% -1.35% $2M
ORCL 0.44% 1.54% -1.11% $1M
NOW 0.18% 0.78% -0.60% $449K
S 0.00% 0.28% -0.28% $0
LIN 0.00% 0.18% -0.18% $0
DB 0.00% 0.10% -0.10% $0
LOGI 0.03% 0.05% -0.03% $66K

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Communication Services 26.7%
Financial Services 17.4%
Basic Materials 16.5%
Technology 14.0%
Healthcare 11.5%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 9 $64M 26.5%
Large Cap 19 $177M 72.7%
Mid Cap 3 $2M 0.8%

Portfolio Analytics

Avg Market Cap
$266.3B
Median Market Cap
$64.5B
Avg P/E
37.1
Median P/E
23.8
Avg Dividend Yield
0.01%
Avg Beta
0.88
# Stocks
31
# ETFs / Funds
0

Top Holdings (31 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CRH.L 20.68% 547,596 $50M $91.76 $34M +321,509 +142.2%
2 UBS 13.47% 1,038,991 $33M $31.51 -$5M -251,444 -19.5%
3 BAC 12.33% 539,720 $30M $55.52 +539,720 NEW
4 PNC 12.27% 136,375 $30M $218.73 $1M -13,408 -8.9%
5 CCEP 9.98% 264,247 $24M $91.76 $5M +38,592 +17.1%
6 TMUS 8.35% 72,560 $20M $279.56 $20M +72,510 +145020.0%
7 RACE 4.41% 21,935 $11M $488.25 $11M +21,522 +5211.1%
8 ALC 4.18% 123,199 $10M $82.37 $10M +123,198 +12319800.0%
9 SPOT 3.95% 10,656 $10M $900.40 $5M +2,300 +27.5%
10 STLA 2.46% 598,225 $6M $9.98 -$8M -699,546 -53.9%
11 ABBV 1.82% 20,295 $4M $217.79 +20,295 NEW
12 MSFT 1.69% 7,049 $4M $583.63 -$2M -7,605 -51.9%
13 LLY 1.65% 4,394 $4M $914.66 +4,394 NEW
14 DDOG 0.84% 12,979 $2M $157.61 -$1M -19,974 -60.6%
15 ORCL 0.44% 4,130 $1M $256.53 -$1M -12,293 -74.8%
16 ESTC 0.40% 9,914 $981K $98.95 -$3M -27,280 -73.3%
17 PCOR 0.35% 10,664 $856K $80.28 +10,664 NEW
18 SNOW 0.28% 2,613 $686K $262.56 +2,613 NEW
19 MS 0.22% 3,291 $544K $165.29 +3,291 NEW
20 NOW 0.18% 372 $449K $1,206.32 -$810K -1,092 -74.6%
21 LOGI 0.03% 782 $66K $83.83 -$20K -284 -26.6%
22 ZS 0.02% 100 $37K $368.24 $29K +65 +185.7%
23 APD —% 8 $3K $331.00 -$28K -88 -91.7%
24 CFLT —% 77 $2K $29.25 +77 NEW
25 OMC —% -$12K -133 -100.0% SOLD
26 S —% -$453K -23,088 -100.0% SOLD
27 LIN —% -$295K -587 -100.0% SOLD
28 EW —% -$8K -100 -100.0% SOLD
29 JPM —% -$13M -49,243 -100.0% SOLD
30 DB —% -$164K -6,974 -100.0% SOLD
31 T —% -$9M -278,956 -100.0% SOLD

New Positions

SymbolValue% Port
BAC $30M 12.33%
ABBV $4M 1.82%
LLY $4M 1.65%
PCOR $856K 0.35%
SNOW $686K 0.28%
MS $544K 0.22%
CFLT $2K —%

Sold Out Positions

SymbolValue% Port
T —%
DB —%
JPM —%
S —%
EW —%
OMC —%
LIN —%
View SEC EDGAR Filings for Exane Asset Management →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms