Exane Asset Management
Exane Asset Management reported 20 US-listed holdings worth $144.1 million in its 13F for the quarter ended 30 September 2026, filed 22 October 2026. Its largest: Deutsche Bank A G (16.8%), Ferrovial SE (16.2%) and Spotify Technology S.A. (8.5%). Against the quarter before, it opened 8 positions, added to 3, trimmed 9 and sold out of 16.
The 14 largest of its 20 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q2 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +23.3% over the 8 quarters to 30 September 2026, against +32.9% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 30 June 2026; a change under 0.1% of a position counts as held
Opened 8
- Microsoft Corp. MSFT$8.2 million
- Uber Technologies, Inc. UBER$6.7 million
- CCC Intelligent Solutions HL CCC$2.3 million
- Birkenstock Holding plc BIRK$2.3 million
- Synopsys Inc. SNPS$1.6 million
- Dynatrace, Inc. DT$576,663
- ServiceNow, Inc. NOW$25,103
- Mongodb Inc. MDB$20,975
Added to 3
- CRH Public Ltd. Co. CRH+48,147 shares · +70%
- Deutsche Bank A G DB+104,119 shares · +18%
- Ferrovial SE FER+64,776 shares · +18%
Trimmed 9
- Snowflake Inc. SNOW-51,528 shares · -100%
- Smurfit Westrock plc SW-380,180 shares · -68%
- Spotify Technology S.A. SPOT-19,265 shares · -46%
- Meta Platforms, Inc. META-9,893 shares · -56%
- International Flavors & Fragrances Inc. IFF-68,439 shares · -37%
- AstraZeneca PLC AZN-43,278 shares · -39%
- Shopify Inc. SHOP-26,145 shares · -33%
- Airbnb, Inc. ABNB-7,963 shares · -17%
and 1 more in the table below
Sold out of 16
- Datadog, Inc. DDOG$12.1 million last quarter
- Palo Alto Networks Inc. PANW$10.7 million last quarter
- DoorDash, Inc. DASH$10.7 million last quarter
- Amazon.com Inc. AMZN$10.4 million last quarter
- Figma Inc. FIG$8.9 million last quarter
- UBS Group AG UBS$8.3 million last quarter
- Take-Two Interactive Software, Inc. TTWO$8.2 million last quarter
- Amrize Ltd AMRZ$6.3 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Deutsche Bank A G DB | 669.2K | $24.2 million | 16.80% | +104.1K |
| Ferrovial SE FER | 432.8K | $23.3 million | 16.20% | +64.8K |
| Spotify Technology S.A. SPOT | 22.2K | $12.3 million | 8.54% | -19.3K |
| International Flavors & Fragrances Inc. IFF | 117.0K | $11.1 million | 7.69% | -68.4K |
| CRH Public Ltd. Co. CRH | 117.2K | $11.0 million | 7.64% | +48.1K |
| AstraZeneca PLC AZN | 66.5K | $9.3 million | 6.43% | -43.3K |
| Smurfit Westrock plc SW | 178.5K | $8.9 million | 6.20% | -380.2K |
| Shopify Inc. SHOP | 52.2K | $8.8 million | 6.10% | -26.1K |
| Microsoft Corp. MSFT | 14.1K | $8.2 million | 5.68% | new |
| Airbnb, Inc. ABNB | 38.2K | $7.0 million | 4.84% | -8.0K |
| Uber Technologies, Inc. UBER | 86.0K | $6.7 million | 4.64% | new |
| Meta Platforms, Inc. META | 7.9K | $6.5 million | 4.49% | -9.9K |
| CCC Intelligent Solutions HL CCC | 306.9K | $2.3 million | 1.61% | new |
| Birkenstock Holding plc BIRK | 61.4K | $2.3 million | 1.57% | new |
| Synopsys Inc. SNPS | 3.2K | $1.6 million | 1.11% | new |
| Dynatrace, Inc. DT | 8.8K | $576,663 | 0.40% | new |
| Snowflake Inc. SNOW | 67 | $25,825 | 0.02% | -51.5K |
| ServiceNow, Inc. NOW | 165 | $25,103 | 0.02% | new |
| Mongodb Inc. MDB | 53 | $20,975 | 0.01% | new |
| Intuit Inc. INTU | 27 | $8,450 | 0.01% | -19 |