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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
+8.78%
1 Year Est. Return
+35.01%
3 Year Est. Return
+114.73%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.76B
AUM Growth
-$251M
Cap. Flow
-$368M
Cap. Flow %
-20.94%
Top 10 Hldgs %
28.31%
Holding
133
New
10
Increased
23
Reduced
61
Closed
26

Top Buys

Rank Stock Value
1
MSI icon
Motorola Solutions
MSI
+$25.8M
2
NTR icon
Nutrien
NTR
+$14.6M
3
CCJ icon
Cameco
CCJ
+$9.4M
4
MLM icon
Martin Marietta Materials
MLM
+$9.23M
5
ROK icon
Rockwell Automation
ROK
+$9.21M

Top Sells

Rank Stock Value
1
CNI icon
Canadian National Railway
CNI
+$30.8M
2
ZTS icon
Zoetis
ZTS
+$29.5M
3
PNC icon
PNC Financial Services
PNC
+$29.3M
4
WMT icon
Walmart Inc
WMT
+$24.1M
5
MKC icon
McCormick & Company Non-Voting
MKC
+$23.3M

Sector Composition

Rank Sector Weight
1 Technology 26.64%
2 Industrials 16.17%
3 Consumer Discretionary 11.72%
4 Healthcare 10.15%
5 Consumer Staples 8.15%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PI icon
101
Impinj
PI
$5.6B
$1.22M 0.07%
+9,000
New +$1.15M
FOXF icon
102
Fox Factory Holding Corp
FOXF
$886M
$1.21M 0.07%
10,000
-15,000
-60% -$1.72M
WSO icon
103
Watsco Inc
WSO
$13.6B
$1.21M 0.07%
+3,800
New +$1.12M
RGEN icon
104
Repligen
RGEN
$9.25B
$1.18M 0.07%
7,000
-2,000
-22% -$357K
BURL icon
105
Burlington
BURL
$23.2B
$1.11M 0.06%
5,500
-6,500
-54% -$1.42M
MEOH icon
106
Methanex
MEOH
$4.12B
$264K 0.02%
5,683
-4,300
-43% -$202K
CEG icon
107
Constellation Energy
CEG
$95.6B
$262K 0.01%
3,340
-2,580
-44% -$209K
ABEV icon
108
Ambev
ABEV
$46.4B
– –
-73,549
Closed -$200K
ARE icon
109
Alexandria Real Estate Equities
ARE
$8.56B
– –
-125,780
Closed -$18.3M
AVTR icon
110
Avantor
AVTR
$9.19B
– –
-94,000
Closed -$1.98M
BAC icon
111
Bank of America
BAC
$442B
– –
-391,774
Closed -$13M
BAX icon
112
Baxter International
BAX
$14.2B
– –
-72,200
Closed -$3.68M
BNS icon
113
Scotiabank
BNS
$108B
– –
-112,500
Closed -$5.51M
CFR icon
114
Cullen/Frost Bankers
CFR
$10.2B
– –
-64,372
Closed -$8.61M
COLD icon
115
Americold
COLD
$4.27B
– –
-92,000
Closed -$2.6M
CPT icon
116
Camden Property Trust
CPT
$11.3B
– –
-24,000
Closed -$2.69M
CRM icon
117
Salesforce
CRM
$158B
– –
-73,706
Closed -$9.77M
ELAN icon
118
Elanco Animal Health
ELAN
$11.1B
– –
-65,000
Closed -$794K
EWBC icon
119
East-West Bancorp
EWBC
$18B
– –
-34,200
Closed -$2.25M
FMX icon
120
Fomento Económico Mexicano
FMX
$41.7B
– –
-2,814
Closed -$220K
FNV icon
121
Franco-Nevada
FNV
$46B
– –
-14,271
Closed -$1.95M
IQV icon
122
IQVIA
IQV
$39.3B
– –
-37,349
Closed -$7.65M
MKC icon
123
McCormick & Company Non-Voting
MKC
$14.2B
– –
-281,188
Closed -$23.3M
MTB icon
124
M&T Bank
MTB
$36.2B
– –
-72,356
Closed -$10.5M
PNC icon
125
PNC Financial Services
PNC
$101B
– –
-185,213
Closed -$29.3M
2 3 4
5
6

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BFA
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FTUS
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CVA
Ceredex Value Advisors Orlando, Florida $3.18B AUM 35.23% 1-Year Est. Return
BP
BNP Paribas Paris, France $3.15B AUM 22.54% 1-Year Est. Return
FAM
Foxhaven Asset Management Charlottesville, Virginia $3.19B AUM 12.34% 1-Year Est. Return
DCM
DME Capital Management New York $3.19B AUM 23.22% 1-Year Est. Return
BI
BVF Inc San Francisco, California $3.14B AUM 249.53% 1-Year Est. Return
LFG
Larson Financial Group St Louis, Missouri $3.13B AUM 22.88% 1-Year Est. Return

Covea Finance's Q1 2023 Portfolio in Review

As of Q1 2023, Covea Finance held 133 positions worth $1.76B, down 13% from $2.01B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Covea Finance withdrew a net $368M in Q1 2023, closing 26 positions and reducing 61 holdings. Its most notable exit was PNC Financial Services, an estimated $29.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 20% a quarter earlier, followed by Industrials and Consumer Discretionary.

Against the trend, Covea Finance opened a new position in Motorola Solutions worth $28M.

  • Covea Finance's largest Q1 2023 buy was Motorola Solutions: 97,690 shares worth $28M.
  • Covea Finance added most to Nutrien in Q1 2023, an estimated $14.6M increase.
  • Covea Finance's biggest Q1 2023 reduction was Canadian National Railway, cutting an estimated $30.8M.
  • Covea Finance fully exited PNC Financial Services in Q1 2023, selling an estimated $29.3M.
  • Covea Finance's ten largest holdings make up 28% of its $1.76B portfolio in Q1 2023.
  • Covea Finance opened 10 new positions and closed 26 in Q1 2023.
  • Covea Finance's portfolio value fell 13% quarter-over-quarter to $1.76B.

Based on Covea Finance's 13F filing for Q1 2023, filed 17 Apr 2023.