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Banque de Luxembourg S.A.

SEC Form 13F institutional filer · CIK 0002055344

13F-HR · 63 reported holdings · 2026-03-31

Reported long-US-equity value

$0.17B

Top-10 concentration

69.7%

Banque de Luxembourg S.A. — $171M AUM allocation strategy

Banque de Luxembourg S.A. files SEC Form 13F and reports $171M of long US equity value across 63 reported holdings for 2026-03-31.

Its largest sector bet is Information Technology 31.4%, followed by Communication Services 14.7% and Health Care 11.7%.

The top 10 holdings account for 70% of reported value — a conviction-weighted book concentrated in its best ideas. 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.

Banque de Luxembourg S.A. — latest SEC 13F insights

Reported long-US-equity value (13F AUM)

$171M

total across 63 reported holdings · 2026-03-31 · excludes shorts, cash, non-US

Top-10 concentration

70% of value

higher = narrower conviction; lower = spread / hedging

Biggest adds (shares)

$BDX$MSFT$MCD

+$BDX +6.77K sh · +$116K+$MSFT +1.23K sh · −$4.39M+$MCD +971 sh · +$305K

Biggest trims (shares)

$CMCSA$CSCO$GOOG

−$CMCSA −92K sh · −$2.76M−$CSCO −31.2K sh · −$2.38M−$GOOG −11K sh · −$5.19M

Added from nil (new positions)

$DIS$TSLA

2 fresh holdings — new conviction

Exited to nil (held last quarter, gone now)

$KKR$MRVL$ROK$QCOM$BKNG

$KKR ($383K last qtr)$MRVL ($372K last qtr)$ROK ($213K last qtr)$QCOM ($205K last qtr)$BKNG ($145K last qtr)

Sector allocation (share of reported value)

Information Technology 31%Communication Services 15%ETFs 13%Health Care 12%Financials 11%Consumer Discretionary 6%Industrials 2%Consumer Staples 1%Other holdings 10%SECTORS
  • $XLKInformation Technology31.4%
  • $XLCCommunication Services14.7%
  • ETFs13.2%
  • $XLVHealth Care11.7%
  • $XLFFinancials10.7%
  • $XLYConsumer Discretionary6.0%
  • $XLIIndustrials1.8%
  • $XLPConsumer Staples0.8%
  • Other holdings9.7%

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)

Interactive Media & Services 13%Systems Software 9%Health Care Equipment 8%Transaction & Payment Processing Services 6%Semiconductors 6%Broadline Retail 6%Technology Hardware, Storage & Peripherals 6%IT Consulting & Other Services 5%Other holdings 41%INDUSTRIES
  • Interactive Media & Services13.1%
  • Systems Software9.5%
  • Health Care Equipment7.9%
  • Transaction & Payment Processing Services6.1%
  • Semiconductors6.0%
  • Broadline Retail6.0%
  • Technology Hardware, Storage & Peripherals5.6%
  • IT Consulting & Other Services5.1%
  • Other holdings40.8%

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

9 of 9 rows · sorted by Value ↓

TickerHoldingSharesValueΔ QoQWeight
$GOOGAlphabet Inc. Class C Capital Stock69.2K$19.9M-11K11.6%
$MSFTMicrosoft Corporation43.9K$16.3M+1.23K9.5%
$VVisa Inc34.5K$10.4M-6786.1%
$AMZNAmazon.com Inc48.7K$10.1M-1.55K5.9%
$AAPLApple Inc38K$9.64M-1.04K5.6%
$ACNAccenture plc43.4K$8.61M-1.12K5.0%
$MDTMedtronic plc96.7K$8.38M-10.6K4.9%
$SPGIS&P Global Inc15.6K$6.62M-2873.9%
$UNHUnitedHealth Group Incorporated24.2K$6.55M-5093.8%

…and 54 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

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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 IRWhich funds bought or dumped the stock, before the next call.
Quant / algo tradersCross-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.

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