Latest Covea Finance Stock Portfolio
Covea Finance Performance:
2024 Q3: 4.86%YTD: 16.41%2023: 17.6%
Performance for 2024 Q3 is 4.86%, and YTD is 16.41%, and 2023 is 17.6%.
About Covea Finance and 13F Hedge Fund Stock Holdings
In it's latest 13F Holdings report, Covea Finance reported an equity portfolio of $2.3 Billions as of 30 Sep, 2024.
The top stock holdings of Covea Finance are MSFT, AAPL, AMZN. The fund has invested 6.8% of it's portfolio in MICROSOFT CORP and 4.8% of portfolio in APPLE INC.
The fund managers got completely rid off TAIWAN SEMICONDUCTOR MFG LTD (TSM), VEEVA SYS INC (VEEV) and ANSYS INC (ANSS) stocks. They significantly reduced their stock positions in NUTRIEN LTD, OREILLY AUTOMOTIVE INC (ORLY) and DANAHER CORPORATION (DHR). Covea Finance opened new stock positions in MCCORMICK & CO INC (MKC), FRANCO NEV CORP and INTERNATIONAL FLAVORS&FRAGRA (IFF). The fund showed a lot of confidence in some stocks as they added substantially to SERVICENOW INC (NOW), BIOMARIN PHARMACEUTICAL INC (BMRN) and HUBBELL INC (HUBB).
The top stock holdings of Covea Finance are MSFT, AAPL, AMZN. The fund has invested 6.8% of it's portfolio in MICROSOFT CORP and 4.8% of portfolio in APPLE INC.
The fund managers got completely rid off TAIWAN SEMICONDUCTOR MFG LTD (TSM), VEEVA SYS INC (VEEV) and ANSYS INC (ANSS) stocks. They significantly reduced their stock positions in NUTRIEN LTD, OREILLY AUTOMOTIVE INC (ORLY) and DANAHER CORPORATION (DHR). Covea Finance opened new stock positions in MCCORMICK & CO INC (MKC), FRANCO NEV CORP and INTERNATIONAL FLAVORS&FRAGRA (IFF). The fund showed a lot of confidence in some stocks as they added substantially to SERVICENOW INC (NOW), BIOMARIN PHARMACEUTICAL INC (BMRN) and HUBBELL INC (HUBB).
Covea Finance Annual Return Estimates Vs S&P 500
Our best estimate is that Covea Finance made a return of 4.86% in the last quarter. In trailing 12 months, it's portfolio return was 27.77%.
New Buys
| Ticker | $ Bought |
|---|---|
| mccormick & co inc | 31,739,800 |
| franco nev corp | 12,256,300 |
| international flavors&fragra | 7,213,940 |
| vertiv holdings co | 3,870,160 |
| skechers u s a inc | 1,739,920 |
| bruker corp | 1,567,660 |
| teleflex incorporated | 1,533,380 |
New stocks bought by Covea Finance
Additions
| Ticker | % Inc. |
|---|---|
| servicenow inc | 583 |
| biomarin pharmaceutical inc | 328 |
| hubbell inc | 187 |
| becton dickinson & co | 174 |
| marketaxess hldgs inc | 149 |
| lowes cos inc | 86.08 |
| coty inc | 52.17 |
| datadog inc | 44.83 |
Additions to existing portfolio by Covea Finance
Reductions
| Ticker | % Reduced |
|---|---|
| nutrien ltd | -89.75 |
| oreilly automotive inc | -60.76 |
| danaher corporation | -59.61 |
| roper technologies inc | -55.25 |
| honeywell intl inc | -45.38 |
| cboe global mkts inc | -38.92 |
| nvidia corporation | -27.62 |
| costco whsl corp new | -25.97 |
Covea Finance reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| allegro microsystems inc | -1,270,800 |
| taiwan semiconductor mfg ltd | -6,172,170 |
| veeva sys inc | -5,746,510 |
| brunswick corp | -1,892,020 |
| ansys inc | -3,198,920 |
Covea Finance got rid off the above stocks
Sector Distribution
Covea Finance has about 29.3% of it's holdings in Technology sector.
| Sector | % |
|---|---|
| Technology | 29.3 |
| Industrials | 15.3 |
| Consumer Cyclical | 12.4 |
| Healthcare | 11.7 |
| Consumer Defensive | 9 |
| Communication Services | 5.9 |
| Utilities | 5 |
| Others | 3.3 |
| Basic Materials | 2.6 |
| Energy | 2.4 |
| Financial Services | 2.1 |
Market Cap. Distribution
Covea Finance has about 92.5% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| LARGE-CAP | 52.8 |
| MEGA-CAP | 39.7 |
| MID-CAP | 4.2 |
| UNALLOCATED | 3.3 |
Stocks belong to which Index?
About 86.5% of the stocks held by Covea Finance either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| S&P 500 | 86.5 |
| Others | 12.8 |
Covea Finance Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of Covea Finance
Covea Finance has 107 stocks in it's portfolio. About 35.5% of the portfolio is in top 10 stocks. DXCM proved to be the most loss making stock for the portfolio. WMT was the most profitable stock for Covea Finance last quarter.
Last Reported on: 10 Oct, 2024| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| AAPL | apple inc | 4.83 | 472,482 | 110,088,000 | added | 3.37 | ||
| ABT | abbott labs | 0.53 | 105,554 | 12,034,200 | unchanged | 0.00 | ||
| ADBE | adobe inc | 1.68 | 73,889 | 38,258,200 | added | 7.73 | ||
| ALGM | allegro microsystems inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| AMD | advanced micro devices inc | 1.29 | 179,203 | 29,403,600 | added | 36.1 | ||
| AME | ametek inc | 0.91 | 121,123 | 20,798,000 | reduced | -24.5 | ||
| AMKR | amkor technology inc | 0.06 | 42,500 | 1,300,500 | added | 32.81 | ||
| AMT | american tower corp new | 0.53 | 52,371 | 12,179,400 | unchanged | 0.00 | ||
| AMZN | amazon com inc | 4.05 | 495,258 | 92,281,400 | reduced | -2.26 | ||
| ANSS | ansys inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| APH | amphenol corp new | 1.20 | 419,990 | 27,366,500 | reduced | -12.51 | ||
| ATI | ati inc | 0.14 | 49,000 | 3,278,590 | unchanged | 0.00 | ||
| AVGO | broadcom inc | 2.88 | 380,700 | 65,670,800 | reduced | -1.04 | ||
| AWK | american wtr wks co inc new | 2.46 | 383,167 | 56,034,300 | added | 39.86 | ||
| BC | brunswick corp | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| BDX | becton dickinson & co | 0.58 | 55,325 | 13,338,900 | added | 174 | ||
| BMRN | biomarin pharmaceutical inc | 0.24 | 77,100 | 5,419,360 | added | 328 | ||
| BRKR | bruker corp | 0.07 | 22,700 | 1,567,660 | new | |||
| BSY | bentley sys inc | 0.06 | 25,000 | 1,270,250 | unchanged | 0.00 | ||
| BWXT | bwx technologies inc | 0.64 | 135,300 | 14,707,100 | added | 2.5 | ||