Covea Finance
SEC Form 13F institutional filer · CIK 0001636948
13F-HR · 92 reported holdings · 2026-03-31
French asset manager.
Reported long-US-equity value
$2.41B
Top-10 concentration
38.7%
Covea Finance — $2.41B AUM allocation strategy
Covea Finance files SEC Form 13F and reports $2.41B of long US equity value across 92 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 23.2%, followed by Industrials 7.1% and Communication Services 6.9%.
The top 10 holdings account for 39% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Covea Finance — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$2.41B
total across 92 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
39% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$BAC +250K sh · +$7.64M+$AWK +177K sh · +$24.8M+$KEYS +90.8K sh · +$28.6M
Biggest trims (shares)
−$NKE −268K sh · −$18.2M−$DIS −200K sh · −$25.4M−$HWM −95.6K sh · −$16.1M
Exited to nil (held last quarter, gone now)
$MSCI ($32.5M last qtr)$NUE ($28.6M last qtr)$ITW ($11.3M last qtr)$ADBE ($11M last qtr)$CSCO ($5.25M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Semiconductors7.6%—
- Systems Software6.4%—
- Technology Hardware, Storage & Peripherals5.9%—
- Interactive Media & Services5.0%—
- Broadline Retail4.9%—
- Consumer Staples Merchandise Retail2.7%—
- Environmental & Facilities Services2.2%—
- Life Sciences Tools & Services2.0%—
- Other holdings63.2%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $MSFT | Microsoft Corporation | 420K | $156M | -6.95K | 6.4% |
| $AAPL | Apple Inc | 559K | $142M | -31.9K | 5.9% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 422K | $121M | -38.5K | 5.0% |
| $AMZN | Amazon.com Inc | 574K | $119M | +72.9K | 5.0% |
| $NVDA | NVIDIA Corporation | 646K | $113M | -39.9K | 4.7% |
| $AVGO | Broadcom Inc | 226K | $69.9M | -8.19K | 2.9% |
| $WMT | Walmart Inc | 522K | $64.9M | -67.5K | 2.7% |
| $WM | Waste Management Inc | 232K | $53.2M | -15.9K | 2.2% |
| $TMO | Thermo Fisher Scientific Inc | 98.2K | $48.3M | +1.67K | 2.0% |
| $BAC | Bank of America Corporation | 975K | $47.5M | +250K | 2.0% |
…and 82 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
Newsletter signup
Free subscription. Daily trading day morning dispatch. No spam.