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CF

Covea Finance Portfolio holdings

AUM $3.17B
1-Year Est. Return 35.01%
This Fund
S&P 500
This Quarter Est. Return
-15.36%
1 Year Est. Return
+35.01%
3 Year Est. Return
+114.73%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$714M
AUM Growth
-$198M
Cap. Flow
-$45.6M
Cap. Flow %
-6.38%
Top 10 Hldgs %
49.81%
Holding
58
New
4
Increased
21
Reduced
24
Closed
5

Top Buys

Rank Stock Value
1
BKR icon
Baker Hughes
BKR
+$20.3M
2
ES icon
Eversource Energy
ES
+$12.6M
3
LNG icon
Cheniere Energy
LNG
+$11M
4
CCJ icon
Cameco
CCJ
+$9.93M
5
WCN
Waste Connections
WCN
+$9.55M

Top Sells

Rank Stock Value
1
FTV icon
Fortive
FTV
+$20.5M
2
SIVB
SVB Financial Group
SIVB
+$14.6M
3
KEYS icon
Keysight
KEYS
+$14.5M
4
MTB icon
M&T Bank
MTB
+$8.5M
5
PYPL icon
PayPal
PYPL
+$7.4M

Sector Composition

Rank Sector Weight
1 Technology 20.32%
2 Healthcare 14.04%
3 Real Estate 11.22%
4 Utilities 10.82%
5 Energy 9.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MEOH icon
51
Methanex
MEOH
$4.2B
$786K 0.11%
+20,653
New +$1.02M
ABEV icon
52
Ambev
ABEV
$47.1B
$185K 0.03%
73,549
– –
MELI icon
53
Mercado Libre
MELI
$96.3B
$46K 0.01%
72
– –
CP icon
54
Canadian Pacific Kansas City
CP
$79.7B
– –
-61,000
Closed -$5.03M
FTV icon
55
Fortive
FTV
$18B
– –
-446,269
Closed -$20.5M
MFC icon
56
Manulife Financial
MFC
$74B
– –
-216,000
Closed -$4.6M
PYPL icon
57
PayPal
PYPL
$50.1B
– –
-64,009
Closed -$7.4M
TWLO icon
58
Twilio
TWLO
$29.8B
– –
-15,700
Closed -$2.59M
1 2
3

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FTUS
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EA
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CVA
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BP
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FAM
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MPW
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GKWIM
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Covea Finance's Q2 2022 Portfolio in Review

As of Q2 2022, Covea Finance held 58 positions worth $714M, down 22% from $912M the previous quarter. Its ten largest holdings account for 50% of the portfolio.

Covea Finance withdrew a net $45.6M in Q2 2022, closing 5 positions and reducing 24 holdings. Its most notable exit was Fortive, an estimated $20.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 29% a quarter earlier, followed by Healthcare and Real Estate.

Against the trend, Covea Finance opened a new position in Eversource Energy worth $12M.

  • Covea Finance's largest Q2 2022 buy was Eversource Energy: 141,867 shares worth $12M.
  • Covea Finance added most to Baker Hughes in Q2 2022, an estimated $20.3M increase.
  • Covea Finance's biggest Q2 2022 reduction was SVB Financial Group, cutting an estimated $14.6M.
  • Covea Finance fully exited Fortive in Q2 2022, selling an estimated $20.5M.
  • Covea Finance's ten largest holdings make up 50% of its $714M portfolio in Q2 2022.
  • Covea Finance opened 4 new positions and closed 5 in Q2 2022.
  • Covea Finance's portfolio value fell 22% quarter-over-quarter to $714M.

Based on Covea Finance's 13F filing for Q2 2022, filed 22 Jul 2022.