Groupe la Francaise

CIK 2056088 · latest 13F filed 25 August 2026 · Read the filing on EDGAR

Groupe la Francaise reported 446 US-listed holdings worth $8.12 billion in its 13F for the quarter ended 30 June 2026, filed 25 August 2026. Its largest: NVIDIA Corp. (6.4%), TotalEnergies SE (6.3%) and Microsoft Corp. (4.7%). Against the quarter before, it opened 83 positions, added to 179, trimmed 132 and sold out of 54.

Reported holdings$8.12B+13.7% on Q1 2026

Positions446+29 on Q1 2026

The largest ten38.6%of its reported holdings

Latest 13FQ2 2026filed 25 August 2026

Where the money is

Added toTrimmed

The 14 largest of its 446 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.

Reported holdings, quarter by quarter

What the fund reported holding at each quarter's end; hover a bar for the number of positions

What it did on the quarter

Opened 83Added 179Held 52Trimmed 132Sold out 54

Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held

Opened 83

Oceanagold Corp. OGC$19.6 million
Aya Gold & Silver Inc. Com AYA$16.3 million
Ciena Corp. CIEN$11.9 million
Sila Realty Trust Inc. SILA$11.4 million
Apogee Therapeutics Inc. APGE$11.2 million
McKesson Corp. MCK$10.8 million
Organon & Co. OGN$10.5 million
Catalyst Pharmaceuticals Inc. CPRX$8.1 million

and 75 more in the table below

Added to 179

Johnson & Johnson JNJ+180,477 shares · +991%
JPMorgan Chase & Co. JPM+128,030 shares · +27%
Janus Henderson Group PLC JHG+718,988 shares · +6420%
Entergy Corp. ETR+319,346 shares · +7557%
Alphabet Inc. GOOGL+102,643 shares · +14%
Apple Inc. AAPL+113,744 shares · +10%
Booking Holdings Inc. BKNG+184,200 shares · +1191%
Micron Technology Inc. MU+28,668 shares · +45%

and 171 more in the table below

Trimmed 132

TotalEnergies SE TTE-821,115 shares · -11%
Eaton Corp. plc ETN-122,237 shares · -43%
Lam Research Corp. LRCX-76,226 shares · -39%
AstraZeneca PLC AZN-173,876 shares · -18%
Emerson Electric Co. EMR-211,666 shares · -76%
Ferrari N.V. RACE-76,398 shares · -22%
T-Mobile US, Inc. TMUS-139,535 shares · -49%
Advanced Micro Devices Inc. AMD-39,152 shares · -22%

and 124 more in the table below

Sold out of 54

Orla MNG Ltd New ORLA$20.2 million last quarter
Hologic Inc. HOLX$19.3 million last quarter
Arcellx Inc. ACLX$17.3 million last quarter
CSG Sys Intl Inc. CSGS$16.0 million last quarter
Carnival PLC CUK$15.1 million last quarter
Amicus Therapeutics Inc. FOLD$13.6 million last quarter
Air Lease Corp. AL$13.5 million last quarter
Onestream Inc. OS$12.2 million last quarter

What it holds

Company	Shares	Value	Of its book	Change in shares
NVIDIA Corp. NVDA	2,618,791	$520.9 million	6.42%	+107,074
TotalEnergies SE TTE	6,796,785	$511.2 million	6.30%	-821,115
Microsoft Corp. MSFT	1,034,635	$384.0 million	4.73%	+79,740
Apple Inc. AAPL	1,239,745	$357.5 million	4.40%	+113,744
Alphabet Inc. GOOGL	845,464	$299.3 million	3.69%	+102,643
Amazon.com Inc. AMZN	1,179,729	$279.7 million	3.45%	+36,700
Broadcom Inc. AVGO	678,338	$254.2 million	3.13%	+14,613
JPMorgan Chase & Co. JPM	601,145	$196.1 million	2.42%	+128,030
Eli Lilly & Co. LLY	143,142	$171.3 million	2.11%	+10,966
Visa Inc. V	470,563	$161.1 million	1.98%	+63,779
AstraZeneca PLC AZN	810,732	$151.6 million	1.87%	-173,876
Alphabet Inc. GOOG	421,116	$148.9 million	1.83%	+5,648
Taiwan Semiconductor Manufacturing Company Limited TSM	252,666	$120.8 million	1.49%	-3,303
Meta Platforms, Inc. META	212,345	$119.3 million	1.47%	+14,847
Cgi Inc. GIB	1,722,751	$111.3 million	1.37%	+14,845
Applied Materials Inc. AMAT	147,703	$106.9 million	1.32%	-7,195
Micron Technology Inc. MU	91,842	$104.4 million	1.29%	+28,668
General Electric Co. GE	272,636	$101.9 million	1.26%	-10,145
Ferrari N.V. RACE	278,699	$97.5 million	1.20%	-76,398
CRH Public Ltd. Co. CRH	829,603	$86.6 million	1.07%	+158,242
Coca-Cola Co. KO	1,057,942	$85.3 million	1.05%	+157,321
Palo Alto Networks Inc. PANW	242,384	$81.1 million	1.00%	-14,031
Advanced Micro Devices Inc. AMD	134,965	$78.0 million	0.96%	-39,152
AbbVie Inc. ABBV	303,838	$76.5 million	0.94%	+110,458
Amphenol Corp. APH	427,689	$75.4 million	0.93%	+168,489
Walmart Inc. WMT	651,544	$73.2 million	0.90%	+19,559
Eaton Corp. plc ETN	161,748	$68.1 million	0.84%	-122,237
GE Vernova Inc. GEV	57,855	$68.0 million	0.84%	-15,175
Mastercard Inc. MA	129,643	$66.6 million	0.82%	+29,452
Quanta Services, Inc. PWR	90,778	$65.4 million	0.81%	-2,141
Linde plc LIN	119,122	$61.5 million	0.76%	-4,315
Caterpillar Inc. CAT	55,840	$59.0 million	0.73%	+1,620
Parker-Hannifin Corp. PH	58,616	$57.4 million	0.71%	+17,275
ServiceNow, Inc. NOW	569,605	$56.6 million	0.70%	+130,800
Bank of America Corp. BAC	937,548	$53.4 million	0.66%	+71,382
Goldman Sachs Group Inc. GS	51,806	$52.4 million	0.65%	-3,270
American Express Co. AXP	154,834	$52.2 million	0.64%	+3,571
Thermo Fisher Scientific Inc. TMO	103,203	$51.5 million	0.63%	-10,282
Lam Research Corp. LRCX	118,568	$51.4 million	0.63%	-76,226
Netflix Inc. NFLX	720,653	$51.4 million	0.63%	+99,428
Johnson & Johnson JNJ	198,681	$50.5 million	0.62%	+180,477
Newmont Corp. NEM	537,747	$50.3 million	0.62%	+88,887
Costco Wholesale Corp. COST	53,335	$49.6 million	0.61%	+8,338
Howmet Aerospace Inc. HWM	176,575	$47.5 million	0.59%	+26,905
Agnico Eagle Mines Ltd AEM	291,666	$45.3 million	0.56%	+29,831
Analog Devices Inc. ADI	107,575	$42.7 million	0.53%	+5,521
Intuitive Surgical Inc. ISRG	105,842	$41.9 million	0.52%	-17,378
NextEra Energy Inc. NEE	464,927	$40.6 million	0.50%	+153,708
Janus Henderson Group PLC JHG	730,188	$37.9 million	0.47%	+718,988
AMETEK Inc. AME	154,326	$37.4 million	0.46%	+20,780
Entergy Corp. ETR	323,572	$37.2 million	0.46%	+319,346
Booking Holdings Inc. BKNG	199,660	$35.5 million	0.44%	+184,200
Franco Nev Corp. FNV	170,000	$35.5 million	0.44%	+15,000
KLA Corp. KLAC	117,682	$35.3 million	0.44%	+96,331
Vertiv Holdings Co. VRT	104,073	$34.9 million	0.43%	+77,610
Intel Corp. INTC	249,502	$34.8 million	0.43%	+154,588
Barrick Mining Corp B	943,327	$34.7 million	0.43%	+29,816
Wheaton Precious Metals Corp. WPM	305,000	$34.3 million	0.42%	+26,975
Merck & Co., Inc. MRK	260,892	$33.5 million	0.41%	+187,341
Arista Networks, Inc. ANET	182,638	$31.0 million	0.38%	+43,303
Texas Instruments Inc. TXN	103,289	$30.8 million	0.38%	+19,383
Ferrovial SE FER	436,648	$30.0 million	0.37%	+377,714
Uber Technologies, Inc. UBER	408,834	$29.5 million	0.36%	-20,695
Chubb Ltd. CB	79,780	$27.2 million	0.34%	+20,302
TJX Companies Inc. TJX	176,608	$26.8 million	0.33%	+39,328
Kinross Gold Corp. KGC	1,115,000	$26.4 million	0.33%	+115,000
T-Mobile US, Inc. TMUS	146,711	$24.6 million	0.30%	-139,535
Ralph Lauren Corp. RL	60,995	$24.5 million	0.30%	-10,118
BlackRock, Inc. BLK	26,097	$24.4 million	0.30%	-1,246
Stellantis N.V. STLA	4,098,710	$23.1 million	0.28%	-289,123
Johnson Controls International plc JCI	156,924	$22.9 million	0.28%	+31,346
Equinox Gold Corp. EQX	2,250,000	$21.9 million	0.27%	+250,000
Anglogold Ashanti PLC AU	270,000	$21.9 million	0.27%	+5,145
General Motors Co. GM	278,568	$21.5 million	0.26%	-55,813
Deutsche Bank A G DB	633,148	$21.4 million	0.26%	+64,019
MercadoLibre, Inc. MELI	11,892	$20.2 million	0.25%	-4,413
Wells Fargo & Company WFC	238,720	$19.7 million	0.24%	-29,295
Gold Fields Ltd GFI	585,000	$19.7 million	0.24%	+13,000
Oceanagold Corp. OGC	780,000	$19.6 million	0.24%	new
Datadog, Inc. DDOG	72,828	$19.0 million	0.23%	-21,154
Colgate-Palmolive Co. CL	205,115	$18.8 million	0.23%	+66,392
Waters Corp. WAT	47,551	$17.8 million	0.22%	+16,542
McDonald's Corp. MCD	67,643	$17.6 million	0.22%	+17,100
ROSS Stores, Inc. ROST	82,399	$17.6 million	0.22%	-1,010
Pan Amern Silver Corp. PAAS	380,000	$17.0 million	0.21%	+40,000
Motorola Solutions, Inc. MSI	40,855	$17.0 million	0.21%	+2,841
Warner Bros. Discovery, Inc. WBD	636,749	$17.0 million	0.21%	+211,000
SSR Mining in SSRM	580,000	$16.4 million	0.20%	+100,000
Aya Gold & Silver Inc. Com AYA	860,000	$16.3 million	0.20%	new
Morgan Stanley MS	75,516	$15.8 million	0.19%	+21,885
Republic Services, Inc. RSG	71,736	$15.3 million	0.19%	+10,853
Alamos Gold Inc. New AGI	500,000	$15.2 million	0.19%	no change
Cardinal Health Inc. CAH	63,537	$15.1 million	0.19%	+12,994
Welltower Inc. WELL	63,338	$14.4 million	0.18%	-2,888
Txnm Energy Inc. TXNM	341,953	$14.3 million	0.18%	+30,121
Centerra Gold Inc. CGAU	890,000	$14.1 million	0.17%	+30,000
Oracle Corp. ORCL	94,743	$13.8 million	0.17%	+37,412
Allied Gold Corp. AAUC	399,126	$13.5 million	0.17%	+124,443
Freeport-McMoRan Inc. FCX	210,000	$13.2 million	0.16%	+25,000
Tapestry, Inc. TPR	89,507	$13.1 million	0.16%	+15,360
Skeena Res Ltd New SKE	455,000	$12.1 million	0.15%	+5,000
Ciena Corp. CIEN	24,275	$11.9 million	0.15%	new
Nu Holdings Ltd. NU	872,703	$11.7 million	0.14%	+291,553
Veralto Corp. VLTO	130,703	$11.6 million	0.14%	+20,294
Halliburton Co. HAL	337,282	$11.5 million	0.14%	+127,282
Sila Realty Trust Inc. SILA	375,000	$11.4 million	0.14%	new
Waste Management Inc. WM	52,215	$11.3 million	0.14%	-284
Xylem Inc. XYL	94,672	$11.2 million	0.14%	+16,495
Apogee Therapeutics Inc. APGE	84,072	$11.2 million	0.14%	new
Nasdaq, Inc. NDAQ	138,516	$10.9 million	0.13%	+7,082
McKesson Corp. MCK	14,314	$10.8 million	0.13%	new
Grab Holdings Limited GRAB	2,866,215	$10.8 million	0.13%	-1,320,627
Organon & Co. OGN	775,382	$10.5 million	0.13%	new
Electronic Arts Inc EA	49,146	$10.1 million	0.12%	-16,250
Arm Holdings plc ARM	28,120	$10.0 million	0.12%	-13,833
Citigroup Inc. C	71,133	$10.0 million	0.12%	+11,133
Prudential Financial Inc. PRU	91,867	$9.9 million	0.12%	+4,702
Brighthouse Financial, Inc. BHF	153,089	$9.7 million	0.12%	-27,788
Fortuna MNG Corp. FSM	1,130,000	$9.6 million	0.12%	+106,620
HA Sustainable Infrastructure Capital, Inc. HASI	241,208	$9.4 million	0.12%	+57,557
American Water Works Company, Inc. AWK	71,173	$9.4 million	0.12%	+6,011
Procter & Gamble Co. PG	63,796	$9.4 million	0.12%	+4,719
Emerson Electric Co. EMR	65,337	$9.4 million	0.12%	-211,666
Cisco Systems, Inc. CSCO	76,854	$9.0 million	0.11%	+73,426
Royal Gold Inc. RGLD	43,350	$8.7 million	0.11%	+2,850
Constellation Energy Corp. CEG	35,042	$8.3 million	0.10%	+1,606
Deere & Co. DE	13,023	$8.3 million	0.10%	-847
Illinois Tool Works Inc. ITW	30,402	$8.2 million	0.10%	+1,254
Home Depot, Inc. HD	23,438	$8.2 million	0.10%	+10,518
Coeur Mining, Inc. CDE	500,000	$8.2 million	0.10%	-55,000
I-80 Gold Corp. IAUX	5,600,000	$8.1 million	0.10%	+100,000
Catalyst Pharmaceuticals Inc. CPRX	256,497	$8.1 million	0.10%	new
Block, Inc. XYZ	104,280	$7.9 million	0.10%	no change
Rockwell Automation, Inc. ROK	15,750	$7.8 million	0.10%	-5,985
Corning Inc. GLW	29,940	$7.6 million	0.09%	-22,793
Chart Inds Inc. GTLS	36,389	$7.6 million	0.09%	-20,900
Ihs Holding Limited IHS	917,096	$7.6 million	0.09%	+297,298
Webster Finl Corp. WBS	97,333	$7.4 million	0.09%	new
Ecolab Inc. ECL	26,505	$7.4 million	0.09%	+6,909
Hubspot Inc. HUBS	40,112	$7.3 million	0.09%	+11,108
UBS Group AG UBS	146,890	$7.3 million	0.09%	+80,342
Lumentum Holdings Inc. LITE	9,146	$7.3 million	0.09%	new
Northern Trust Corp. NTRS	41,394	$7.2 million	0.09%	-15,226
UnitedHealth Group Inc. UNH	17,269	$7.2 million	0.09%	-85
B2GOLD Corp. BTG	1,900,000	$7.1 million	0.09%	+100,000
Keysight Technologies, Inc. KEYS	20,104	$7.0 million	0.09%	-11,130
Nuvalent Inc. NUVL	56,430	$7.0 million	0.09%	new
Teradyne, Inc. TER	14,273	$6.9 million	0.09%	-7,622
Endeavour Silver Corp. EXK	830,000	$6.9 million	0.08%	-36,000
Avanos Med Inc. AVNS	269,014	$6.7 million	0.08%	new
Dell Technologies Inc. DELL	15,502	$6.7 million	0.08%	+15,290
Stryker Corp. SYK	21,000	$6.6 million	0.08%	+3,000
Osisko Gold Royalties Ltd OR	205,000	$6.5 million	0.08%	+5,000
Coca-Cola Europacific Partners plc CCEP	64,041	$6.4 million	0.08%	+6,101
Fortive Corp. FTV	103,826	$6.3 million	0.08%	-18,733
Collective Mining Ltd CNL	510,000	$6.3 million	0.08%	+40,000
Gilead Sciences, Inc. GILD	49,627	$6.3 million	0.08%	+11,712
Monster Beverage Corp. MNST	64,951	$6.2 million	0.08%	+33,767
CF Industries Holdings, Inc. CF	56,553	$6.1 million	0.08%	+8,299
Simon Property Group Inc. SPG	27,311	$6.1 million	0.08%	-18,665
Automatic Data Processing Inc. ADP	27,077	$6.1 million	0.07%	+4,315
Hilton Worldwide Holdings Inc. HLT	19,548	$6.1 million	0.07%	+4,658
Dakota Gold Corp. DC	1,400,000	$6.0 million	0.07%	no change
Marvell Technology, Inc. MRVL	19,973	$5.9 million	0.07%	-24,702
Pinterest, Inc. PINS	278,460	$5.9 million	0.07%	-203,126
Taylor Morrison Home Corp. TMHC	81,500	$5.8 million	0.07%	new
NXP Semiconductors N.V. NXPI	20,720	$5.8 million	0.07%	-2,292
Church & Dwight Co. Inc. CHD	59,907	$5.8 million	0.07%	-6,573
Fastenal Co. FAST	117,136	$5.6 million	0.07%	-35,476
Travelers Companies, Inc. TRV	16,830	$5.6 million	0.07%	-9,322
Brookfield Renewable Partner BEP	159,894	$5.6 million	0.07%	no change
Robinhood Markets, Inc. HOOD	55,288	$5.5 million	0.07%	new
American Tower Corp. AMT	33,505	$5.5 million	0.07%	+25,508
Nextpower Inc. NXT	45,646	$5.4 million	0.07%	+17,127
Makemytrip Limited Mauritius MMYT	100,383	$5.4 million	0.07%	no change
Walt Disney Co. DIS	55,576	$5.3 million	0.07%	+221
Abbott Laboratories ABT	57,813	$5.2 million	0.06%	+10,556
CVS Health Corp. CVS	50,024	$5.2 million	0.06%	new
Dexcom Inc. DXCM	75,630	$5.1 million	0.06%	+1,600
Keurig Dr Pepper Inc. KDP	155,583	$5.1 million	0.06%	+15,765
Apollo Global Management, Inc. APO	42,864	$5.1 million	0.06%	+328
Danaher Corp. DHR	26,621	$5.1 million	0.06%	-7,414
Keycorp KEY	218,275	$5.0 million	0.06%	new
Truist Financial Corp. TFC	100,541	$5.0 million	0.06%	+9,646
Gold Royalty Corp. GROY	1,800,000	$5.0 million	0.06%	+100,000
Vici Properties Inc. VICI	186,271	$4.9 million	0.06%	-36,951
Esperion Therapeutics Inc. Ne ESPR	1,562,580	$4.9 million	0.06%	new
Western Digital Corp. WDC	7,674	$4.9 million	0.06%	+7,644
Clorox Co. CLX	51,327	$4.9 million	0.06%	-3,141
Lowe's Companies Inc. LOW	22,045	$4.9 million	0.06%	new
Principal Financial Group Inc. PFG	44,747	$4.8 million	0.06%	-4,248
Packaging Corp. of America PKG	20,173	$4.8 million	0.06%	new
Otis Worldwide Corp. OTIS	66,940	$4.8 million	0.06%	+6,529
Ferguson Enterprises Inc. FERG	20,152	$4.8 million	0.06%	+3,134
Bentley Systems Inc. BSY	159,678	$4.8 million	0.06%	+50,412
W.W. Grainger, Inc. GWW	3,509	$4.8 million	0.06%	+36
Clear Channel Outdoor Hldgs CCO	1,971,103	$4.8 million	0.06%	+699,163
Public Storage PSA	14,916	$4.7 million	0.06%	new
Essex Property Trust, Inc. ESS	16,207	$4.7 million	0.06%	+13,887
Dover Corp. DOV	21,053	$4.7 million	0.06%	new
S&P Global Inc. SPGI	11,560	$4.7 million	0.06%	-4,996
Seagate Technology Holdings plc STX	4,856	$4.7 million	0.06%	+4,830
Select Med Hldgs Corp. SEM	282,497	$4.7 million	0.06%	no change
Agilent Technologies, Inc. A	34,889	$4.6 million	0.06%	-4,180
L3Harris Technologies, Inc. LHX	15,893	$4.6 million	0.06%	-10,991
Paychex Inc. PAYX	46,940	$4.6 million	0.06%	+6,705
Trimble Inc. TRMB	89,919	$4.6 million	0.06%	-814
International Business Machines Corp. IBM	16,241	$4.6 million	0.06%	+15,756
Steris plc STE	21,527	$4.5 million	0.06%	+3,013
Cheniere Energy Inc. LNG	18,805	$4.5 million	0.06%	new
Valero Energy Corp. VLO	17,238	$4.5 million	0.06%	-11,464
Talkspace Inc. TALK	853,800	$4.4 million	0.05%	+201,000
Olaplex Hldgs Inc. OLPX	2,164,560	$4.4 million	0.05%	+1,433,460
Archer-Daniels-Midland Co. ADM	57,586	$4.4 million	0.05%	new
Companhia De Saneamento Basico Do Estado De Sao Paulo - Sabesp SBS	750,759	$4.3 million	0.05%	+666,437
Cross Ctry Healthcare Inc. CCRN	324,000	$4.3 million	0.05%	new
First Solar, Inc. FSLR	18,129	$4.3 million	0.05%	-327
Palantir Technologies Inc. PLTR	36,614	$4.2 million	0.05%	+31,858
Baker Hughes Co. BKR	72,311	$4.0 million	0.05%	-748
Sunshine Silver MNG & Refng SSMR	300,000	$4.0 million	0.05%	new
AT&T Inc. T	190,335	$3.9 million	0.05%	-34,926
Accenture plc ACN	31,701	$3.9 million	0.05%	-6,674
Qualcomm Inc. QCOM	20,963	$3.9 million	0.05%	-13,493
New Found Gold Corp NFGC	2,500,000	$3.9 million	0.05%	+168,100
HP Inc. HPQ	172,607	$3.8 million	0.05%	-30,852
Monolithic Power Systems, Inc. MPWR	2,692	$3.7 million	0.05%	-1,300
Osisko Development Corp. ODV	1,525,000	$3.7 million	0.05%	-675,000
Trane Technologies plc TT	7,800	$3.7 million	0.05%	-353
Take-Two Interactive Software, Inc. TTWO	14,713	$3.6 million	0.04%	+5,730
Prologis, Inc. PLD	25,606	$3.5 million	0.04%	no change
Manitowoc Company MTW	234,459	$3.4 million	0.04%	-11,204
Open Lending Corp. LPRO	1,080,000	$3.4 million	0.04%	new
Ball Corp. BALL	54,556	$3.4 million	0.04%	no change
Cadence Design Systems Inc. CDNS	8,753	$3.3 million	0.04%	-13,487
Qiagen NV Ord Shares QGEN	83,911	$3.3 million	0.04%	-49,250
Trubridge Inc. TBRG	120,000	$3.1 million	0.04%	new
International Flavors & Fragrances Inc. IFF	37,700	$3.0 million	0.04%	no change
MGM Resorts International MGM	57,000	$2.7 million	0.03%	new
Icici Bank ADR IBN	93,256	$2.7 million	0.03%	no change
Array Technologies Inc. ARRY	361,828	$2.7 million	0.03%	+236,959
Clean Harbors Inc. CLH	8,588	$2.6 million	0.03%	-1,712
Novagold Res Inc. NG	400,000	$2.4 million	0.03%	+75,000
Simulations Plus Inc. SLP	127,200	$2.3 million	0.03%	new
Modine Manufacturing Co MOD	8,342	$2.2 million	0.03%	new
Cameco Corp. CCJ	20,162	$2.1 million	0.03%	-73
CME Group Inc. CME	9,220	$2.0 million	0.03%	+1,428
International Mny Express in IMXI	122,941	$1.8 million	0.02%	-60,000
Astronova Inc. ALOT	60,000	$1.7 million	0.02%	new
Boston Scientific Corp. BSX	39,419	$1.7 million	0.02%	-307,482
Emerald Holding Inc. EEX	326,400	$1.6 million	0.02%	new
Seritage Growth Pptys SRG	619,871	$1.6 million	0.02%	no change
Weyerhaeuser Co. WY	64,432	$1.5 million	0.02%	-14,452
Spotify Technology S.A. SPOT	3,386	$1.5 million	0.02%	-2,123
Grifols S.a. GRFS	238,928	$1.5 million	0.02%	no change
Two Harbors Invesm TWO	116,257	$1.4 million	0.02%	new
DuPont de Nemours, Inc. DD	10,271	$1.4 million	0.02%	new
Renew Energy Global PLC RNW	213,756	$1.3 million	0.02%	no change
Distribution Solutions GRP I DSGR	47,775	$1.3 million	0.02%	+1,200
Lensar Inc. LNSR	213,537	$1.2 million	0.02%	no change
Sunrun Inc. RUN	90,851	$1.2 million	0.01%	new
Itron, Inc. ITRI	12,535	$1.1 million	0.01%	-9,160
Atrium Therapeutics Inc. RNA	80,273	$1.1 million	0.01%	+50,575
Marriott International Inc. MAR	2,749	$1.0 million	0.01%	+346
GFL Environmental Inc. GFL	25,612	$942,265	0.01%	no change
Salesforce, Inc. CRM	5,701	$864,964	0.01%	-55,764
Tenet Healthcare Corp. THC	3,783	$708,343	0.01%	no change
Copt Defense Properties CDP	18,106	$658,877	0.01%	-1,585
InvenTrust Properties Corp. IVT	18,419	$652,033	0.01%	-2,256
Kite Realty Group Trust KRG	22,766	$646,099	0.01%	new
Tanger Inc. SKT	16,196	$639,256	0.01%	-869
Iridium Communications Inc. IRDM	11,589	$635,657	0.01%	-8,849
Sofi Technologies Inc. SOFI	35,170	$630,598	0.01%	new
Cummins Inc. CMI	883	$629,764	0.01%	-31
Brixmor Property Group Inc. BRX	19,630	$618,934	0.01%	no change
NNN REIT, Inc. NNN	13,246	$616,336	0.01%	-945
Eastgroup Properties Inc. EGP	3,002	$607,995	0.01%	new
EPR Properties EPR	10,405	$603,594	0.01%	+566
Jacobs Solutions Inc. J	4,787	$603,162	0.01%	new
Omega Healthcare Investors Inc. OHI	12,580	$599,814	0.01%	-568
CareTrust Reit, Inc. CTRE	14,765	$595,768	0.01%	-828
Nordson Corp. NDSN	1,966	$593,123	0.01%	new
Regency Centers Corp. REG	7,377	$588,242	0.01%	-253
Equity Lifestyle Properties Inc. ELS	9,113	$587,333	0.01%	+290
First Industrial Realty Trust Inc. FR	9,566	$586,491	0.01%	new
W. P. Carey Inc. WPC	8,196	$586,014	0.01%	-562
Four Corners Property Trust, Inc. FCPT	23,425	$575,084	0.01%	new
CBL &amp Assoc Pptys INC CBL	10,803	$573,531	0.01%	new
LTC Properties Inc. LTC	14,815	$569,637	0.01%	new
Royal Bank of Canada RY	2,707	$560,349	0.01%	-131
Annaly Capital Management Inc. NLY	24,997	$558,933	0.01%	new
Gaming & Leisure Properties, Inc. GLPI	12,549	$558,807	0.01%	new
Expedia Group, Inc. EXPE	2,162	$553,213	0.01%	new
St. Joe Co. JOE	8,759	$548,576	0.01%	new
Host Hotels & Resorts, Inc. HST	23,094	$547,559	0.01%	-8,552
Jones Lang Lasalle Inc. JLL	1,766	$547,372	0.01%	+103
Essential Properties Realty Trust, Inc. EPRT	17,765	$530,285	0.01%	no change
National Health Investors Inc. NHI	6,876	$524,364	0.01%	new
Idex Corp. IEX	2,297	$521,304	0.01%	new
lululemon athletica Inc. LULU	4,512	$515,180	0.01%	new
Theravance Biopharma Inc. TBPH	30,000	$510,000	0.01%	new

Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported; the largest 300 here.

Change is shares against its 13F for the quarter before; the 54 it sold out of are in the box above.

Options it reported

Company	Option	Shares under the options	Value of those shares
Microsoft Corp. MSFT	Calls	280,000	$104.4 million
ServiceNow, Inc. NOW	Calls	225,000	$22.4 million
Deutsche Bank A G DB	Puts	375,000	$12.7 million
Caesars Entertainment Inc. Ne	Calls	213,800	$6.5 million
Xoma Royalty Corporation	Puts	52,276	$2.2 million
JPMorgan Chase & Co. JPM	Puts	5,500	$1.8 million
Goldman Sachs Group Inc. GS	Puts	1,500	$1.5 million
Bank of America Corp. BAC	Puts	23,500	$1.3 million
Morgan Stanley MS	Puts	6,300	$1.3 million
Citigroup Inc. C	Puts	9,200	$1.3 million
Hewlett Packard Enterprise Co. HPE	Puts	27,000	$1.2 million
Bank of Montreal BMO	Puts	6,000	$1.1 million
American Express Co. AXP	Puts	2,800	$947,100
Pfizer Inc. PFE	Puts	37,500	$903,000
Autozone Inc. AZO	Puts	1,200	$866,648
Warner Bros. Discovery, Inc. WBD	Calls	30,000	$799,800
Dell Technologies Inc. DELL	Puts	1,700	$726,733
Kraft Heinz Co. KHC	Puts	27,000	$650,700
Cardinal Health Inc. CAH	Puts	2,500	$593,225
Oracle Corp. ORCL	Puts	4,000	$586,200
FedEx Corp. FDX	Puts	1,500	$469,695
International Business Machines Corp. IBM	Puts	1,600	$449,936
Lowe's Companies Inc. LOW	Puts	2,000	$440,980
Wells Fargo & Company WFC	Puts	5,000	$413,200
Broadcom Inc. AVGO	Puts	1,000	$377,750
Mondelez International, Inc. MDLZ	Puts	5,500	$318,120
Deere & Co. DE	Puts	500	$317,165
Johnson Controls International plc JCI	Puts	2,000	$292,220
McDonald's Corp. MCD	Puts	1,000	$270,310
Conagra Brands Inc. CAG	Puts	17,500	$235,550
Caterpillar Inc. CAT	Puts	200	$212,980
Meta Platforms, Inc. META	Puts	300	$168,987
General Mills Inc. GIS	Puts	4,000	$142,960
Campbell'S Co. CPB	Puts	5,000	$111,350
Amazon.com Inc. AMZN	Puts	10	$5,675
Barclays plc BCS	Puts	120	$3,978

36 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.