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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
RPM icon
126
RPM International
RPM
$15B
– –
-24,500
Closed -$2.39M
SDGR icon
127
Schrodinger
SDGR
$1.36B
– –
-135,100
Closed -$2.52M
STRA icon
128
Strategic Education
STRA
$1.92B
– –
-20,500
Closed -$1.61M
SUI icon
129
Sun Communities
SUI
$14.7B
– –
-96,579
Closed -$13.8M
VMC icon
130
Vulcan Materials
VMC
$36.9B
– –
-59,844
Closed -$10.5M
SYNH
131
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
– –
-39,594
Closed -$1.45M
FRC
132
DELISTED
First Republic Bank
FRC
– –
-52,680
Closed -$6.42M
SIVB
133
DELISTED
SVB Financial Group
SIVB
– –
-11,500
Closed -$2.65M
2 3 4 5
6

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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.