AM
Amundi 13F Holdings (Q2 2026) — Stock Portfolio & Buys
AmundiCIK: 0001330387
Diversified strategyMomentum follower
Total reported value
$412.6B
Reporting period: 2026-06-30 · Number of holdings: 5522
Amundi disclosed 5522 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $412.6B and a quarterly turnover rate of 26.7%.
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Personality snowflake
- Concentration
- 6.35
- Portfolio Stability
- 26.67
- Momentum
- 97.01
- Sector conviction
- 61.79
- Diversification
- 100
- Sizing Uniformity
- 43.63
Amundi's disclosed holdings carry a Herfindahl concentration index of 0.016 — mathematically equivalent to about 63 equally-sized positions, well below its 5522 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 5.64), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim TTE
-0.6% -$2.8B
Sold out XOM
Add AMD
-16.6% $3.8B
Add AMAT
+19.0% $3.4B
Add MU
-26.6% $3.0B
Add INTC
-22.3% $2.5B
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
Amundi's latest quarter shows a clear rotation: the firm sold out of XOM entirely, trimmed energy and select semiconductor names (TTE, NVDA, MU, INTC, AMD), while adding to AMAT and GOOGL. With over 2,000 holdings and a near-perfect diversification score, the headline is broad diversification, but the top changes reveal a deliberate shift in conviction — cutting energy and some chip exposure, increasing positions in equipment and platform names.
Macro & Fundamentals
The data suggests the fund may be aligning with a 'picks-and-shovels' trade within the AI capex cycle: reducing direct chip designers (AMD, NVDA) with high valuations, while increasing exposure to equipment makers (AMAT) and cash-generative platforms (GOOGL). The complete exit from XOM and reduction in TTE could indicate a bearish stance on fossil fuels or simple profit-taking, but this is an inference from limited data, not a confirmed strategy.
Blind Spots / Risks
A key risk here is 'false diversification': despite perfect breadth with 2,062 positions, the portfolio retains significant sector concentration in tech (39.6%), and AMAT plus AMD are both in the same semiconductor supply chain. If the AI trade unwinds, these apparent hedges could fail simultaneously. Additionally, NVDA remains the largest holding at 6.28%, so any negative catalyst in AI could disproportionately impact returns, diluting the benefits of the fund's wide diversification.
Sourced and summarized by AI directly from this institution's SEC EDGAR filings, limited to historical activity. Not investment guidance — verify against the primary filing below. View the original 2026-06-30 Form 13F filing on SEC.gov
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 5522 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 6.28% | -0.07% | -3.17% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 4.96% | -0.09% | -3.18% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 4.22% | +0.02% | +12.04% | |
| 4 | TTE | TotalEnergies SE | Stock-Other | 3.88% | -1.26% | -0.62% | |
| 5 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 3.69% | +0.21% | +3.94% | |
| 6 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.88% | +0.39% | +4.59% | |
| 7 | AVGO | Broadcom Inc | Stock-Tech | 2.45% | +0.25% | +2.55% | |
| 8 | TSLA | Tesla Inc | Stock-Consumer Disc | 2.04% | -0.21% | -9.54% | |
| 9 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.79% | +0.08% | -4.63% | |
| 10 | AMD | Advanced Micro Devices | Stock-Tech | 1.61% | +0.85% | -16.60% | |
| 11 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.52% | -0.33% | -6.38% | |
| 12 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.40% | +0.13% | -4.88% | |
| 13 | AMAT | Applied Materials Inc | Stock-Tech | 1.37% | +0.76% | +19.00% | |
| 14 | MU | Micron Technology Inc | Stock-Tech | 1.23% | +0.68% | -26.63% | |
| 15 | INTC | Intel CORP | Stock-Tech | 1.03% | +0.56% | -22.26% | |
| 16 | LRCX | Lam Research CORP | Stock-Tech | 0.99% | +0.40% | -7.11% | |
| 17 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.81% | -0.08% | -2.16% | |
| 18 | AZN | AstraZeneca PLC | Stock-Healthcare | 0.75% | -0.08% | +6.74% | |
| 19 | KLAC | Kla CORP | Stock-Tech | 0.68% | +0.24% | +753.98% | |
| 20 | V | Visa Inc-class A Shares | Stock-Financials | 0.64% | +0.09% | +16.49% | |
| 21 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.63% | +0.07% | +14.31% | |
| 22 | HD | Home Depot Inc | Stock-Consumer Disc | 0.63% | +0.11% | +26.41% | |
| 23 | TXN | Texas Instruments Inc | Stock-Tech | 0.62% | +0.14% | -5.84% | |
| 24 | ABBV | Abbvie Inc | Stock-Healthcare | 0.61% | -0.02% | -6.16% | |
| 25 | MRVL | Marvell Technology Inc | Stock-Tech | 0.60% | +0.48% | +80.61% | |
| 26 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.57% | -0.04% | +0.04% | |
| 27 | WMT | Walmart Inc | Stock-Consumer Staples | 0.57% | +0.08% | +44.39% | |
| 28 | CVX | Chevron CORP | Stock-Energy | 0.56% | -0.13% | +14.07% | |
| 29 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.55% | -0.22% | -14.60% | |
| 30 | CAT | Caterpillar Inc | Stock-Industrials | 0.53% | +0.10% | -7.00% | |
| 31 | CSCO | Cisco Systems Inc | Stock-Tech | 0.52% | +0.14% | +1.67% | |
| 32 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.51% | +0.04% | -20.73% | |
| 33 | BAC | Bank Of America CORP | Stock-Financials | 0.51% | -0.05% | -13.61% | |
| 34 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.50% | -0.15% | +7.39% | |
| 35 | DB | Deutsche Bank Aktiengesellschaft | Stock-Financials | 0.48% | -0.01% | -2.82% | |
| 36 | QCOM | Qualcomm Inc | Stock-Tech | 0.46% | +0.28% | +94.10% | |
| 37 | MA | Mastercard Inc - A | Stock-Financials | 0.45% | -0.02% | +5.82% | |
| 38 | PANW | Palo Alto Networks Inc | Stock-Tech | 0.45% | +0.17% | -13.98% | |
| 39 | NFLX | Netflix Inc | Stock-Comm Services | 0.44% | -0.17% | +10.01% | |
| 40 | GEV | GE Vernova Inc | Stock-Industrials | 0.43% | — | -16.58% | |
| 41 | SNDK | Sandisk CORP | Stock-Tech | 0.41% | +0.26% | -14.61% | |
| 42 | C | Citigroup Inc | Stock-Financials | 0.40% | +0.03% | -2.01% | |
| 43 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.39% | +0.01% | -4.87% | |
| 44 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.38% | -0.07% | -10.34% | |
| 45 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.38% | +0.02% | +16.59% | |
| 46 | IBM | Intl Business Machines CORP | Stock-Tech | 0.37% | +0.05% | +14.48% | |
| 47 | RTX | Rtx CORP | Stock-Industrials | 0.36% | -0.03% | +3.96% | |
| 48 | ORCL | Oracle CORP | Stock-Tech | 0.35% | -0.04% | +1.48% | |
| 49 | ADI | Analog Devices Inc | Stock-Tech | 0.35% | -0.09% | -28.77% | |
| 50 | AMGN | Amgen Inc | Stock-Healthcare | 0.34% | +0.02% | +15.19% |
1–50 of 200
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q3 2026
+2%
Performance Last 4 Quarters
+22.3%
- Stdev
- +13.3%
- Beta
- +1.02
- Alpha
- -1.8%
- Max Drawdown
- -8.2%
- Annualized Perf
- +19.2%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +2.89
- Stutzer
- +0.41
- Treynor
- +0.18
- Sterling
- +1.19
- Calmar
- +2.36
- Information Ratio
- -0.79
- Tracking Error
- +1.8%
- Stdev Down
- +6.4%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +32.7%
- Worst 12 Months
- +3.3%
- Efficiency Ratio
- +0.58
- Sharpe
- +1.39
- Stdev Sectors
- +10.2%
- Skewness
- +0.14
- Kurtosis
- -0.15
- Upside Potential
- +4.54
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 5522 | $412.6B | 27 | ||
| 2026 Q1 | 5406 | $367.1B | 36 | ||
| 2025 Q4 | 5068 | $357.3B | 29 | ||
| 2025 Q3 | 4786 | $311.1B | 36 | ||
| 2025 Q2 | 4863 | $288.1B | 0 | ||
| 2025 Q1 | 12221 | $274.7B | 100 | ||
| 2024 Q4 | 11888 | $287.6B | 0 | ||
| 2024 Q3 | 11404 | $271.4B | 0 | ||
| 2024 Q2 | 10576 | $260.9B | 0 | ||
| 2024 Q1 | 10930 | $232.7B | 0 | ||
| 2023 Q4 | 10466 | $222.2B | 0 | ||
| 2023 Q3 | 10456 | $203.5B | 0 | ||
| 2023 Q2 | 10400 | $197.7B | 0 | ||
| 2023 Q1 | 10672 | $185.5B | 0 | ||
| 2022 Q4 | 10312 | $182.3B | 0 | ||
| 2022 Q3 | 9937 | $168.7B | 0 | ||
| 2022 Q2 | 12632 | $124.6B | 0 | ||
| 2022 Q1 | 11959 | $147.7B | 0 | ||
| 2021 Q4 | 11810 | $157.8B | 0 | ||
| 2021 Q3 | 4643 | $142.7B | 0 | ||
| 2021 Q2 | 13475 | $144.0B | 0 |
Holding changes this quarter
Amundi's most significant position changes for 2026-06-30: Sold out: Exxon Mobil CORP (XOM); New buy: ; New buy: Carnival CORP LTD F; Sold out: Honeywell International Inc (HON); Sold out: Dupont De Nemours Inc (6D8).
Showing top 200 changes by size (of 2205 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMD | Advanced Micro Devices | +0.9% | -16.60% | Trim |
| 2 | AMAT | Applied Materials Inc | +0.8% | +19.00% | Add |
| 3 | MU | Micron Technology Inc | +0.7% | -26.63% | Trim |
| 4 | INTC | Intel CORP | +0.6% | -22.26% | Trim |
| 5 | MRVL | Marvell Technology Inc | +0.5% | +80.61% | Add |
| 6 | LRCX | Lam Research CORP | +0.4% | -7.11% | Trim |
| 7 | GOOGL | Alphabet Inc-cl A | +0.4% | +4.59% | Add |
| 8 | QCOM | Qualcomm Inc | +0.3% | +94.10% | Add |
| 9 | SNDK | Sandisk CORP | +0.3% | -14.61% | Trim |
| 10 | AVGO | Broadcom Inc | +0.3% | +2.55% | Add |
| 11 | BKNG | Booking Holdings Inc | +0.3% | +2833.03% | Add |
| 12 | KLAC | Kla CORP | +0.2% | +753.98% | Add |
| 13 | AMZN | Amazon.com Inc | +0.2% | +3.94% | Add |
| 14 | STX | Seagate Technology Holdings plc | +0.2% | +33.09% | Add |
| 15 | PANW | Palo Alto Networks Inc | +0.2% | -13.98% | Trim |
| 16 | TXN | Texas Instruments Inc | +0.1% | -5.84% | Trim |
| 17 | CSCO | Cisco Systems Inc | +0.1% | +1.67% | Add |
| 18 | LLY | Eli Lilly & Co | +0.1% | -4.88% | Trim |
| 19 | ALAB | Astera Labs Inc | +0.1% | -15.36% | Trim |
| 20 | HD | Home Depot Inc | +0.1% | +26.41% | Add |
| 21 | WELL | Welltower Inc | +0.1% | +60.30% | Add |
| 22 | APH | Amphenol Corp-cl A | +0.1% | +19.92% | Add |
| 23 | COHR | Coherent CORP | +0.1% | +141.63% | Add |
| 24 | CAT | Caterpillar Inc | +0.1% | -7.00% | Trim |
| 25 | LITE | Lumentum Holdings Inc | +0.1% | +188.69% | Add |
| 26 | V | Visa Inc-class A Shares | +0.1% | +16.49% | Add |
| 27 | NBIS | Nebius Group N.V. | +0.1% | +48.98% | Add |
| 28 | FTNT | Fortinet Inc | +0.1% | +23.15% | Add |
| 29 | FIX | Comfort Systems USA Inc | +0.1% | +114.06% | Add |
| 30 | GOOG | Alphabet Inc-cl C | +0.1% | -4.63% | Trim |
| 31 | WMT | Walmart Inc | +0.1% | +44.39% | Add |
| 32 | DDOG | Datadog Inc - Class A | +0.1% | +17.31% | Add |
| 33 | DELL | Dell Technologies -c | +0.1% | +34.83% | Add |
| 34 | ✓ | +0.1% | NEW | New buy | |
| 35 | JPM | Jpmorgan Chase & Co | +0.1% | +14.31% | Add |
| 36 | MMM | 3m Co | +0.1% | +66.96% | Add |
| 37 | ASML | ASML Holding N.V. | +0.1% | +498.03% | Add |
| 38 | UBS | UBS Group AG | +0.1% | +9.31% | Add |
| 39 | GLW | Corning Inc | +0.1% | -13.08% | Trim |
| 40 | IBM | Intl Business Machines CORP | +0.1% | +14.48% | Add |
| 41 | WDC | Western Digital CORP | +0.1% | -40.70% | Trim |
| 42 | NEE | Nextera Energy Inc | +0.1% | +46.52% | Add |
| 43 | ETN | Eaton Corporation plc | +0.1% | +21.85% | Add |
| 44 | UNP | Union Pacific CORP | +0.1% | +34.75% | Add |
| 45 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | +5.34% | Add |
| 46 | DLR | Digital Realty Trust Inc | +0.1% | +57.34% | Add |
| 47 | CVS | Cvs Health CORP | +0.1% | +2.09% | Add |
| 48 | APP | Applovin Corp-class A | +0.1% | +19.47% | Add |
| 49 | HPE | Hewlett Packard Enterprise | +0.1% | +61.00% | Add |
| 50 | ✓ | Carnival CORP LTD F | +0.1% | NEW | New buy |
1–50 of 200
Filing History
Related 13F Filing Analysis
- Amundi2026-Q1
Amundi's new TTE buy tops portfolio at 5.14%% weight
Jul 23, 2026⏱ 2 minTTEAZNBABA 0.5 06-01-31MCHP 0.75 06-01-30Read →
FAQ
What is Amundi and what type of investor is it?
Amundi is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $412.6B, spread across 5522 disclosed positions.
What are Amundi's largest equity positions?
Based on the latest 13F filing, Amundi's top holdings by market value are:
1. Nvidia CORP (NVDA) — $25.9B (6.3%)
2. Apple Inc (AAPL) — $20.5B (5.0%)
3. Microsoft CORP (MSFT) — $17.4B (4.2%)
4. TotalEnergies SE (TTE) — $16.0B (3.9%)
5. Amazon.com Inc (AMZN) — $15.2B (3.7%)
What changes did Amundi make in its most recent portfolio filing?
In the latest reported quarter, Amundi made 200 notable position adjustments: 3 new positions were initiated, 102 existing holdings were added to, 89 positions were partially reduced, and 6 were completely exited. The largest of these moves: Sold out: Exxon Mobil CORP (XOM); New buy: ; New buy: Carnival CORP LTD F; Sold out: Honeywell International Inc (HON); Sold out: Dupont De Nemours Inc (6D8)
What sectors does Amundi focus on?
Amundi is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 39.6%
• Consumer Discretionary: 10.9%
• Health Care: 10.1%
• Financials: 9.7%
• Communication Services: 8.7%
• Industrials: 8.0%
Investment Profile
Amundi returned an annualized 19.2% over the trailing 36 months — underperforming the S&P 500 by 1.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.02 (roughly in line with the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 39.6% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 27 over the past 4 quarters — a shift toward more active trading.
It has added to its AAPL position over the past two quarters (+$4.4B, now $20.5B), while trimming PLTR over the same stretch (-$790.1M, still holding $2.1B).
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Developer Access
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