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LBP AM Portfolio holdings
AUM
$11.2B
Turnover
27.95%
1-Year Est. Return
34.48%
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.
This Fund
S&P 500
This Quarter Est. Return
+5.53%
1 Year Est. Return
+34.48%
3 Year Est. Return
+150.6%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$6.65B
AUM Growth
+$4.22B
(+173%)
Cap. Flow
+$3.94B
Cap. Flow % of AUM
Cap. Flow %
59.26%
Top 10 Holdings %
Top 10 Hldgs %
37.17%
Holding
421
New
110
Increased
129
Reduced
106
Closed
67
Avg Time Held
1
year
Top 10 Avg Time Held
0.7
years
Top 20 Avg Time Held
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$352M |
| 2 |
NVIDIA
NVDA
|
+$300M |
| 3 |
Amazon
AMZN
|
+$220M |
| 4 |
Visa
V
|
+$164M |
| 5 |
Smurfit Westrock
SW
|
+$132M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$13.2M |
| 2 |
Home Depot
HD
|
+$8.99M |
| 3 |
Host Hotels & Resorts
HST
|
+$8.7M |
| 4 |
Fifth Third Bancorp
FITB
|
+$8.38M |
| 5 |
International Paper
IP
|
+$7.29M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 40.69% |
| 2 | Healthcare | 12.23% |
| 3 | Consumer Discretionary | 11.28% |
| 4 | Financials | 9.67% |
| 5 | Industrials | 7.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.89T
| $530M | 7.97% |
1,231,280
+824,577
| +203% | +$352M |
2022 Q4
7 quarters
|
|
|
2
NVIDIA
NVDA
$3.93T
| $478M | 7.18% |
3,933,673
+2,538,974
| +182% | +$300M |
2022 Q4
7 quarters
|
|
|
3
Amazon
AMZN
$2.88T
| $313M | 4.71% |
1,680,444
+1,203,342
| +252% | +$220M |
2022 Q4
7 quarters
|
|
4
Apple
AAPL
$5.18T
| $210M | 3.15% |
899,994
+151,237
| +20% | +$33.8M |
2022 Q4
7 quarters
|
|
|
5
Visa
V
$794B
| $201M | 3.02% |
730,735
+607,672
| +494% | +$164M |
2022 Q4
7 quarters
|
|
6
Alphabet (Google) Class A
GOOGL
$3.64T
| $158M | 2.38% |
953,602
+747,469
| +363% | +$125M |
2022 Q4
7 quarters
|
|
7
Linde
LIN
$242B
| $152M | 2.29% |
319,766
+260,245
| +437% | +$119M |
2023 Q1
6 quarters
|
|
8
Mastercard
MA
$576B
| $151M | 2.27% |
305,734
+237,323
| +347% | +$110M |
2022 Q4
7 quarters
|
|
|
9
Smurfit Westrock
SW
$22.2B
| $144M | 2.16% |
+2,910,815
| New | +$132M |
2024 Q3
0 quarters
|
|
10
Broadcom
AVGO
$1.66T
| $135M | 2.03% |
783,659
+507,029
| +183% | +$81.3M |
2022 Q4
7 quarters
|
|
11
TSMC
TSM
$2.07T
| $130M | 1.96% |
+750,083
| New | +$128M |
2024 Q3
0 quarters
|
|
12
Accenture
ACN
$148B
| $105M | 1.58% |
297,222
+248,933
| +516% | +$81.9M |
2023 Q1
6 quarters
|
|
13
Eli Lilly
LLY
$1.29T
| $91.6M | 1.38% |
103,424
+60,876
| +143% | +$54.7M |
2022 Q4
7 quarters
|
|
14
Meta Platforms (Facebook)
META
$1.64T
| $84.2M | 1.27% |
147,094
+26,539
| +22% | +$13.7M |
2022 Q4
7 quarters
|
|
15
Fomento Económico Mexicano
FMX
$44.9B
| $83.5M | 1.26% |
+845,559
| New | +$91.1M |
2024 Q3
0 quarters
|
|
16
Thermo Fisher Scientific
TMO
$259B
| $81.7M | 1.23% |
132,109
+130,499
| +8,106% | +$77.2M |
2022 Q4
7 quarters
|
|
17
ServiceNow
NOW
$106B
| $77.6M | 1.17% |
433,690
+378,860
| +691% | +$62.3M |
2022 Q4
7 quarters
|
|
18
Stryker
SYK
$118B
| $72.2M | 1.09% |
+199,957
| New | +$69M |
2024 Q3
0 quarters
|
|
19
Alphabet (Google) Class C
GOOG
$3.6T
| $67.7M | 1.02% |
405,064
+39,651
| +11% | +$6.71M |
2022 Q4
7 quarters
|
|
20
Tesla
TSLA
$1.54T
| $63.9M | 0.96% |
244,356
+98,740
| +68% | +$22.5M |
2022 Q4
7 quarters
|
|
21
Adobe
ADBE
$94.6B
| $59.9M | 0.9% |
115,690
+90,435
| +358% | +$49.6M |
2022 Q4
7 quarters
|
|
22
Johnson & Johnson
JNJ
$688B
| $59.3M | 0.89% |
365,813
+167,534
| +84% | +$26.7M |
2022 Q4
7 quarters
|
|
23
Becton Dickinson
BDX
$59.4B
| $55.4M | 0.83% |
+229,826
| New | +$53.9M |
2024 Q3
0 quarters
|
|
24
Zscaler
ZS
$31.4B
| $54.7M | 0.82% |
319,937
+314,899
| +6,250% | +$57.5M |
2022 Q4
7 quarters
|
|
25
Vertiv
VRT
$77.8B
| $53.4M | 0.8% |
+537,090
| New | +$44.5M |
2024 Q3
0 quarters
|
|
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LBP AM's Q3 2024 Portfolio in Review
As of Q3 2024, LBP AM held 421 positions worth $6.65B, up 173% from $2.43B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
LBP AM deployed $3.94B of net new capital in Q3 2024, opening 110 new positions and adding to 129 existing holdings. Its largest new stake was Smurfit Westrock: 2,910,815 shares worth $144M.
By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 35% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Procter & Gamble, an estimated $13.2M trimmed.
- LBP AM's largest Q3 2024 buy was Smurfit Westrock: 2,910,815 shares worth $144M.
- LBP AM added most to Microsoft in Q3 2024, an estimated $352M increase.
- LBP AM's biggest Q3 2024 reduction was Procter & Gamble, cutting an estimated $13.2M.
- LBP AM fully exited Host Hotels & Resorts in Q3 2024, selling an estimated $8.7M.
- LBP AM's ten largest holdings make up 37% of its $6.65B portfolio in Q3 2024.
- LBP AM opened 110 new positions and closed 67 in Q3 2024.
- LBP AM's portfolio value rose 173% quarter-over-quarter to $6.65B.
Based on LBP AM's 13F filing for Q3 2024, filed 12 Nov 2024.