LBP AM Portfolio holdings
LBP AM is a French asset manager that renamed itself in 2023 from La Banque Postale Asset Management; at the time, La Banque Postale was its majority owner and Aegon AM its minority partner. La Banque Postale is the French postal bank, created in 2006 as a subsidiary of the national postal service La Poste.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TotalEnergies
TTE
|
+$2.63B |
| 2 |
AstraZeneca
AZN
|
+$882M |
| 3 |
UBS Group
UBS
|
+$411M |
| 4 |
Alcon
ALC
|
+$167M |
| 5 |
Texas Instruments
TXN
|
+$64.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$559M |
| 2 |
Microsoft
MSFT
|
+$390M |
| 3 |
Amazon
AMZN
|
+$168M |
| 4 |
Visa
V
|
+$155M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$137M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 23.78% |
| 2 | Technology | 23.13% |
| 3 | Healthcare | 14.64% |
| 4 | Financials | 9.76% |
| 5 | Industrials | 7.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
501
Crown Holdings
CCK
$13.1B
| – | – |
-49,341
| Closed | -$5.52M | – |
|
502
Cincinnati Financial
CINF
$28.5B
| – | – |
-7,409
| Closed | -$1.37M | – |
|
503
Carlisle Companies
CSL
$14.5B
| – | – |
-1,363
| Closed | -$494K | – |
|
504
Delta Air Lines
DAL
$57.4B
| – | – |
-8,860
| Closed | -$830K | – |
|
505
Embraer S.A. ADS
EMBJ
$13.2B
| – | – |
-50,161
| Closed | -$3.2M | – |
|
506
IAMGOLD
IAG
$10.6B
| – | – |
-42,135
| Closed | -$667K | – |
|
507
DELISTED
LXP Industrial Trust
LXP
| – | – |
-6,880
| Closed | -$371K | – |
|
508
Mirion Technologies
MIR
$4.41B
| – | – |
-78,926
| Closed | -$1.42M | – |
|
509
News Corp Class A
NWSA
$14.2B
| – | – |
-213,511
| Closed | -$5.3M | – |
|
510
Owens Corning
OC
$9.36B
| – | – |
-13,949
| Closed | -$2.22M | – |
|
|
ORLA
511
DELISTED
Orla Mining
ORLA
| – | – |
-48,881
| Closed | -$479K | – |
|
512
PNC Financial Services
PNC
$89.5B
| – | – |
-3,422
| Closed | -$843K | – |
|
513
ResMed
RMD
$33.1B
| – | – |
-1,558
| Closed | -$304K | – |
|
514
Ryan Specialty Holdings
RYAN
$5.71B
| – | – |
-45,600
| Closed | -$1.72M | – |
|
515
Sea Limited
SE
$46.4B
| – | – |
-5,831
| Closed | -$559K | – |
|
516
Sociedad Química y Minera de Chile
SQM
$16.4B
| – | – |
-14,400
| Closed | -$1.07M | – |
|
517
Stantec
STN
$8.36B
| – | – |
-44,606
| Closed | -$3.07M | – |
|
518
Trimble
TRMB
$12.4B
| – | – |
-12,146
| Closed | -$622K | – |
|
519
Tetra Tech
TTEK
$10.3B
| – | – |
-80,891
| Closed | -$2.34M | – |
|
520
Textron
TXT
$14.2B
| – | – |
-2,777
| Closed | -$255K | – |
|
521
Viking Therapeutics
VKTX
$3.42B
| – | – |
-93,906
| Closed | -$3.66M | – |
|
522
Zoom
ZM
$26.2B
| – | – |
-2,489
| Closed | -$215K | – |
|
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LBP AM's Q3 2026 Portfolio in Review
As of Q3 2026, LBP AM held 551 positions worth $11.2B, up 12% from $10B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
LBP AM deployed $1.14B of net new capital in Q3 2026, opening 130 new positions and adding to 125 existing holdings. Its largest new stake was TotalEnergies: 30,368,297 shares worth $2.61B.
By sector, the portfolio is most concentrated in Energy at 24% of assets, up from 0.51% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was NVIDIA, an estimated $559M trimmed.
- LBP AM's largest Q3 2026 buy was TotalEnergies: 30,368,297 shares worth $2.61B.
- LBP AM added most to Texas Instruments in Q3 2026, an estimated $64.6M increase.
- LBP AM's biggest Q3 2026 reduction was NVIDIA, cutting an estimated $559M.
- LBP AM fully exited Crown Holdings in Q3 2026, selling an estimated $5.52M.
- LBP AM's ten largest holdings make up 50% of its $11.2B portfolio in Q3 2026.
- LBP AM opened 130 new positions and closed 24 in Q3 2026.
- LBP AM's portfolio value rose 12% quarter-over-quarter to $11.2B.
Based on LBP AM's 13F filing for Q3 2026, filed 6 Nov 2026.