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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
+12.12%
1 Year Est. Return
+35.01%
3 Year Est. Return
+114.73%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2.12B
AUM Growth
+$65.9M
(+3.2%)
Cap. Flow
-$116M
Cap. Flow
% of AUM
-5.47%
Top 10 Holdings %
Top 10 Hldgs %
33.29%
Holding
117
New
8
Increased
21
Reduced
54
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Broadcom
AVGO
|
+$47M |
| 2 |
Globus Medical
GMED
|
+$17M |
| 3 |
ITT
ITT
|
+$16.7M |
| 4 |
Procter & Gamble
PG
|
+$10M |
| 5 |
Walt Disney
DIS
|
+$9.61M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Deere & Co
DE
|
+$32.1M |
| 2 |
Baker Hughes
BKR
|
+$23M |
| 3 |
UnitedHealth
UNH
|
+$22.8M |
| 4 |
Keysight
KEYS
|
+$14M |
| 5 |
Rockwell Automation
ROK
|
+$13.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.87% |
| 2 | Industrials | 14.59% |
| 3 | Healthcare | 13.98% |
| 4 | Consumer Discretionary | 10.8% |
| 5 | Consumer Staples | 7.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Gentex
GNTX
$5.07B
| $2.02M | 0.1% |
56,000
+19,000
| +51% | +$657K |
|
102
Cognex
CGNX
$11.3B
| $1.93M | 0.09% |
45,500
+8,200
| +22% | +$319K |
|
103
Bentley Systems
BSY
$10.7B
| $1.31M | 0.06% |
25,000
+2,000
| +9% | +$101K |
|
104
BWX Technologies
BWXT
$15.6B
| $1.28M | 0.06% |
+12,500
| New | +$1.12M |
|
105
Bruker
BRKR
$8.14B
| $1.27M | 0.06% |
+13,500
| New | +$1.09M |
|
106
Allegro MicroSystems
ALGM
$8.16B
| $1.21M | 0.06% |
45,000
| – | – |
|
107
AeroVironment
AVAV
$9.45B
| – | – |
-14,000
| Closed | -$1.76M |
|
|
108
Baker Hughes
BKR
$61.1B
| – | – |
-672,850
| Closed | -$23M |
|
|
109
Deere & Co
DE
$168B
| – | – |
-80,169
| Closed | -$32.1M |
|
110
Dollar General
DG
$27.9B
| – | – |
-54,680
| Closed | -$7.43M |
|
111
Fox Factory Holding Corp
FOXF
$886M
| – | – |
-26,000
| Closed | -$1.75M |
|
112
Littelfuse
LFUS
$11.6B
| – | – |
-8,300
| Closed | -$2.22M |
|
113
ON Semiconductor
ON
$19.3B
| – | – |
-114,600
| Closed | -$9.57M |
|
114
Palo Alto Networks
PANW
$297B
| – | – |
-20,800
| Closed | -$3.07M |
|
|
115
UnitedHealth
UNH
$370B
| – | – |
-43,400
| Closed | -$22.8M |
|
116
Veralto
VLTO
$24B
| – | – |
-16,797
| Closed | -$1.38M |
|
117
Zurn Elkay Water Solutions
ZWS
$8.53B
| – | – |
-40,000
| Closed | -$1.18M |
|
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Covea Finance's Q1 2024 Portfolio in Review
As of Q1 2024, Covea Finance held 117 positions worth $2.12B, up 3.2% from $2.05B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Covea Finance withdrew a net $116M in Q1 2024, closing 11 positions and reducing 54 holdings. Its most notable exit was Deere & Co, an estimated $32.1M position sold in full.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 28% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Covea Finance opened a new position in Broadcom worth $50.2M.
- Covea Finance's largest Q1 2024 buy was Broadcom: 379,000 shares worth $50.2M.
- Covea Finance added most to ITT in Q1 2024, an estimated $16.7M increase.
- Covea Finance's biggest Q1 2024 reduction was Keysight, cutting an estimated $14M.
- Covea Finance fully exited Deere & Co in Q1 2024, selling an estimated $32.1M.
- Covea Finance's ten largest holdings make up 33% of its $2.12B portfolio in Q1 2024.
- Covea Finance opened 8 new positions and closed 11 in Q1 2024.
- Covea Finance's portfolio value rose 3.2% quarter-over-quarter to $2.12B.
Based on Covea Finance's 13F filing for Q1 2024, filed 19 Apr 2024.