AS
Axa S.a. SEC 13F Holdings (Q2 2026) — Top Position: SS SPDR S&P 500 ETF TRUST-US
Axa S.a.CIK: 0000898427
High-turnover traderQuality / disciplined sizingContrarian
Total reported value
$91.9M
Reporting period: 2026-06-30 · Number of holdings: 46
AXA S.A. disclosed 46 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $91.9M and a quarterly turnover rate of 106.4%.
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Personality snowflake
- Concentration
- 36.06
- Portfolio Stability
- 100
- Momentum
- 30.69
- Sector conviction
- 64.99
- Diversification
- 92
- Sizing Uniformity
- 82.06
Axa S.a.'s disclosed holdings carry a Herfindahl concentration index of 0.090 — mathematically equivalent to about 11 equally-sized positions, well below its 46 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 1.79), 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.
Sector classification currently covers about 53% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim BABA
-98.9% -$58.5M
Add SPY
-48.8% -$21.6M
Add BRK-B
+4.1% -$452.3K
New buy BKNG
Add GOOGL
-0.6% $369.6K
Add LRCX
-27.7% $2.2M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 24.53% | +7.30% | -48.82% | |
| 2 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 9.45% | +5.89% | +4.11% | |
| 3 | TTE | TotalEnergies SE | Stock-Other | 7.05% | +0.91% | -57.19% | |
| 4 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 5.44% | +3.63% | -0.58% | |
| 5 | NVDA | Nvidia CORP | Stock-Tech | 4.27% | +0.62% | -58.20% | |
| 6 | MSFT | Microsoft CORP | Stock-Tech | 4.01% | +0.92% | -47.12% | |
| 7 | KO | Coca-cola Co/the | Stock-Consumer Staples | 3.75% | +2.31% | -0.07% | |
| 8 | BKNG | Booking Holdings Inc | Stock-Consumer Disc | 3.72% | +3.72% | NEW | |
| 9 | LFT | Lument Finance Trust Inc | Stock-Other | 3.64% | +2.00% | — | |
| 10 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 3.49% | +0.94% | -50.87% | |
| 11 | LRCX | Lam Research CORP | Stock-Tech | 2.74% | +2.62% | -27.68% | |
| 12 | RACE | Ferrari N.V. | Stock-Consumer Disc | 2.74% | +1.23% | -40.69% | |
| 13 | STLA | Stellantis N.V. | Stock-Consumer Disc | 2.29% | +1.10% | -26.18% | |
| 14 | AAPL | Apple Inc | Stock-Tech | 2.00% | -0.90% | -75.43% | |
| 15 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 1.96% | -2.24% | -86.01% | |
| 16 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 1.72% | -0.54% | -77.96% | |
| 17 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.57% | +0.93% | -22.92% | |
| 18 | V | Visa Inc-class A Shares | Stock-Financials | 1.21% | +0.23% | -55.29% | |
| 19 | MU | Micron Technology Inc | Stock-Tech | 0.96% | +0.50% | -75.06% | |
| 20 | CAT | Caterpillar Inc | Stock-Industrials | 0.94% | +0.67% | -3.63% | |
| 21 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.93% | -0.40% | -70.81% | |
| 22 | LIN | Linde plc | Stock-Materials | 0.79% | +0.69% | +200.38% | |
| 23 | MA | Mastercard Inc - A | Stock-Financials | 0.69% | +0.49% | +40.04% | |
| 24 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.69% | +0.44% | -0.14% | |
| 25 | GE | General Electric | Stock-Industrials | 0.66% | +0.42% | -6.95% | |
| 26 | ADBE | Adobe Inc | Stock-Tech | 0.62% | +0.25% | -12.07% | |
| 27 | RTX | Rtx CORP | Stock-Industrials | 0.61% | +0.35% | -3.06% | |
| 28 | SNDK | Sandisk CORP | Stock-Tech | 0.57% | +0.57% | NEW | |
| 29 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.54% | +0.16% | -42.88% | |
| 30 | URI | United Rentals Inc | Stock-Industrials | 0.52% | +0.52% | NEW | |
| 31 | MRNA | Moderna Inc | Stock-Healthcare | 0.52% | +0.36% | -0.46% | |
| 32 | BAC | Bank Of America CORP | Stock-Financials | 0.49% | -0.18% | -74.22% | |
| 33 | FTNT | Fortinet Inc | Stock-Tech | 0.48% | +0.38% | +9.77% | |
| 34 | AMD | Advanced Micro Devices | Stock-Tech | 0.48% | -0.13% | -88.79% | |
| 35 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 0.46% | -22.51% | -98.93% | |
| 36 | MSCI | Msci Inc | Stock-Financials | 0.40% | +0.30% | +58.53% | |
| 37 | WM | Waste Management Inc | Stock-Industrials | 0.40% | +0.40% | NEW | |
| 38 | SPGI | S&p Global Inc | Stock-Financials | 0.39% | +0.39% | NEW | |
| 39 | UNP | Union Pacific CORP | Stock-Industrials | 0.38% | +0.38% | NEW | |
| 40 | REGN | Regeneron Pharmaceuticals | Stock-Healthcare | 0.37% | +0.26% | +91.22% | |
| 41 | GEV | GE Vernova Inc | Stock-Industrials | 0.31% | +0.31% | NEW | |
| 42 | LITE | Lumentum Holdings Inc | Stock-Tech | 0.31% | +0.21% | -1.57% | |
| 43 | PAAS | Pan American Silver CORP | Stock-Materials | 0.30% | +0.30% | NEW | |
| 44 | INTC | Intel CORP | Stock-Tech | 0.28% | +0.28% | NEW | |
| 45 | CRDO | Credo Technology Group Holding Ltd | Stock-Tech | 0.27% | +0.27% | NEW | |
| 46 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.09% | -1.85% | -98.44% |
Portfolio Performance
Performance for Q3 2026
+0.1%
Performance Last 4 Quarters
+17.7%
- Stdev
- +14.4%
- Beta
- +1.05
- Alpha
- -4.6%
- Max Drawdown
- -9%
- Annualized Perf
- +16.5%
- Batting Avg vs S&P
- +30.6%
- Sortino
- +2.12
- Stutzer
- +0.33
- Treynor
- +0.16
- Sterling
- +0.98
- Calmar
- +1.82
- Information Ratio
- -0.73
- Tracking Error
- +5%
- Stdev Down
- +7.7%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +31.2%
- Worst 12 Months
- +2.2%
- Efficiency Ratio
- +0.46
- Sharpe
- +1.13
- Stdev Sectors
- +10.7%
- Skewness
- +0.06
- Kurtosis
- -0.11
- Upside Potential
- +3.78
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 46 | $91.9M | 100 | ||
| 2026 Q1 | 86 | $256.4M | 45 | ||
| 2025 Q4 | 84 | $211.4M | 30 | ||
| 2025 Q3 | 71 | $199.4M | 100 | ||
| 2025 Q2 | 2672 | $34.8B | 0 | ||
| 2025 Q1 | 2520 | $30.4B | 100 | ||
| 2024 Q4 | 2617 | $32.9B | 0 | ||
| 2024 Q3 | 2648 | $33.0B | 0 | ||
| 2024 Q2 | 2596 | $33.6B | 0 | ||
| 2024 Q1 | 2577 | $33.4B | 0 | ||
| 2023 Q4 | 2585 | $31.0B | 0 | ||
| 2023 Q3 | 2586 | $28.5B | 0 | ||
| 2023 Q2 | 2632 | $30.1B | 0 | ||
| 2023 Q1 | 2691 | $29.1B | 0 | ||
| 2022 Q4 | 2680 | $27.7B | 0 | ||
| 2022 Q3 | 2709 | $25.4B | 0 | ||
| 2022 Q2 | 2660 | $27.0B | 0 | ||
| 2022 Q1 | 2510 | $35.2B | 0 | ||
| 2021 Q4 | 2119 | $39.1B | 0 | ||
| 2021 Q3 | 2343 | $35.6B | 0 | ||
| 2021 Q2 | 2347 | $34.1B | 98 | ||
| 2021 Q1 | 2208 | $32.8B | 26 | ||
| 2020 Q4 | 2301 | $31.9B | 26 | ||
| 2020 Q3 | 2391 | $27.7B | 24 | ||
| 2020 Q2 | 2565 | $25.4B | 32 | ||
| 2020 Q1 | 2550 | $20.0B | 33 | ||
| 2019 Q4 | 2559 | $24.6B | 29 | ||
| 2019 Q3 | 2729 | $25.1B | 22 | ||
| 2019 Q2 | 2334 | $25.6B | 23 | ||
| 2019 Q1 | 2350 | $25.6B | 26 | ||
| 2018 Q4 | 2348 | $22.9B | 32 | ||
| 2018 Q3 | 2422 | $27.3B | 23 | ||
| 2018 Q2 | 2428 | $26.1B | 24 | ||
| 2018 Q1 | 2447 | $25.1B | 28 | ||
| 2017 Q4 | 2423 | $25.5B | 25 | ||
| 2017 Q3 | 1886 | $23.2B | 21 | ||
| 2017 Q2 | 1806 | $22.0B | 23 | ||
| 2017 Q1 | 1832 | $22.1B | 25 | ||
| 2016 Q4 | 1716 | $21.3B | 27 | ||
| 2016 Q3 | 1676 | $22.8B | 23 | ||
| 2016 Q2 | 1849 | $22.4B | 28 | ||
| 2016 Q1 | 1770 | $22.3B | 30 | ||
| 2015 Q4 | 1838 | $22.9B | 39 | ||
| 2015 Q3 | 1925 | $24.4B | 37 | ||
| 2015 Q2 | 1861 | $25.0B | 35 | ||
| 2015 Q1 | 1863 | $24.3B | 32 | ||
| 2014 Q4 | 1838 | $24.9B | 32 | ||
| 2014 Q3 | 1857 | $23.4B | 21 | ||
| 2014 Q2 | 1811 | $24.0B | 32 | ||
| 2014 Q1 | 1822 | $23.0B | 30 | ||
| 2013 Q4 | 1802 | $22.3B | 29 | ||
| 2013 Q3 | 1698 | $20.3B | 27 | ||
| 2013 Q2 | 1736 | $18.8B | 0 |
Holding changes this quarter
Axa S.a.'s most significant position changes for 2026-06-30: New buy: Booking Holdings Inc (BKNG); Sold out: Broadcom Inc (AVGO); Sold out: Netflix Inc (NFLX); Sold out: Nextera Energy Inc (NEE); Sold out: Eaton Corporation plc (ETN).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | +7.3% | -48.82% | Trim |
| 2 | BRK-B | Berkshire Hathaway Inc-cl B | +5.9% | +4.11% | Add |
| 3 | BKNG | Booking Holdings Inc | +3.7% | NEW | New buy |
| 4 | GOOGL | Alphabet Inc-cl A | +3.6% | -0.58% | Trim |
| 5 | LRCX | Lam Research CORP | +2.6% | -27.68% | Trim |
| 6 | KO | Coca-cola Co/the | +2.3% | -0.07% | Trim |
| 7 | LFT | Lument Finance Trust Inc | +2% | — | Unchanged |
| 8 | RACE | Ferrari N.V. | +1.2% | -40.69% | Trim |
| 9 | STLA | Stellantis N.V. | +1.1% | -26.18% | Trim |
| 10 | AMZN | Amazon.com Inc | +0.9% | -50.87% | Trim |
| 11 | LLY | Eli Lilly & Co | +0.9% | -22.92% | Trim |
| 12 | MSFT | Microsoft CORP | +0.9% | -47.12% | Trim |
| 13 | TTE | TotalEnergies SE | +0.9% | -57.19% | Trim |
| 14 | LIN | Linde plc | +0.7% | +200.38% | Add |
| 15 | CAT | Caterpillar Inc | +0.7% | -3.63% | Trim |
| 16 | NVDA | Nvidia CORP | +0.6% | -58.20% | Trim |
| 17 | SNDK | Sandisk CORP | +0.6% | NEW | New buy |
| 18 | URI | United Rentals Inc | +0.5% | NEW | New buy |
| 19 | MU | Micron Technology Inc | +0.5% | -75.06% | Trim |
| 20 | MA | Mastercard Inc - A | +0.5% | +40.04% | Add |
| 21 | JPM | Jpmorgan Chase & Co | +0.4% | -0.14% | Trim |
| 22 | GE | General Electric | +0.4% | -6.95% | Trim |
| 23 | WM | Waste Management Inc | +0.4% | NEW | New buy |
| 24 | SPGI | S&p Global Inc | +0.4% | NEW | New buy |
| 25 | UNP | Union Pacific CORP | +0.4% | NEW | New buy |
| 26 | FTNT | Fortinet Inc | +0.4% | +9.77% | Add |
| 27 | MRNA | Moderna Inc | +0.4% | -0.46% | Trim |
| 28 | RTX | Rtx CORP | +0.4% | -3.06% | Trim |
| 29 | GEV | GE Vernova Inc | +0.3% | NEW | New buy |
| 30 | PAAS | Pan American Silver CORP | +0.3% | NEW | New buy |
| 31 | MSCI | Msci Inc | +0.3% | +58.53% | Add |
| 32 | INTC | Intel CORP | +0.3% | NEW | New buy |
| 33 | CRDO | Credo Technology Group Holding Ltd | +0.3% | NEW | New buy |
| 34 | REGN | Regeneron Pharmaceuticals | +0.3% | +91.22% | Add |
| 35 | ADBE | Adobe Inc | +0.3% | -12.07% | Trim |
| 36 | V | Visa Inc-class A Shares | +0.2% | -55.29% | Trim |
| 37 | LITE | Lumentum Holdings Inc | +0.2% | -1.57% | Trim |
| 38 | TSLA | Tesla Inc | +0.2% | -42.88% | Trim |
| 39 | PFE | Pfizer Inc | -0.1% | EXIT | Sold out |
| 40 | WMT | Walmart Inc | -0.1% | EXIT | Sold out |
| 41 | ICE | Intercontinental Exchange In | -0.1% | EXIT | Sold out |
| 42 | ZTS | Zoetis Inc | -0.1% | EXIT | Sold out |
| 43 | AMD | Advanced Micro Devices | -0.1% | -88.79% | Trim |
| 44 | BAC | Bank Of America CORP | -0.2% | -74.22% | Trim |
| 45 | MSA | Msa Safety Inc | -0.2% | EXIT | Sold out |
| 46 | UNH | Unitedhealth Group Inc | -0.2% | EXIT | Sold out |
| 47 | CSGP | Costar Group Inc | -0.2% | EXIT | Sold out |
| 48 | CVLT | Commvault Systems Inc | -0.2% | EXIT | Sold out |
| 49 | HLI | Houlihan Lokey Inc | -0.2% | EXIT | Sold out |
| 50 | TSCO | Tractor Supply Company | -0.3% | EXIT | Sold out |
1–50 of 84
* 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.
Filing History
FAQ
What is Axa S.a. and what type of investor is it?
Axa S.a. 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 $91.9M, spread across 46 disclosed positions.
What are Axa S.a.'s largest equity positions?
Based on the latest 13F filing, Axa S.a.'s top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $22.5M (24.5%)
2. Berkshire Hathaway Inc-cl B (BRK-B) — $8.7M (9.4%)
3. TotalEnergies SE (TTE) — $6.5M (7.0%)
4. Alphabet Inc-cl A (GOOGL) — $5.0M (5.4%)
5. Nvidia CORP (NVDA) — $3.9M (4.3%)
What changes did Axa S.a. make in its most recent portfolio filing?
In the latest reported quarter, Axa S.a. made 83 notable position adjustments: 10 new positions were initiated, 6 existing holdings were added to, 29 positions were partially reduced, and 38 were completely exited. The largest of these moves: New buy: Booking Holdings Inc (BKNG); Sold out: Broadcom Inc (AVGO); Sold out: Netflix Inc (NFLX); Sold out: Nextera Energy Inc (NEE); Sold out: Eaton Corporation plc (ETN)
What sectors does Axa S.a. focus on?
Axa S.a. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 35.0%
• Consumer Discretionary: 24.8%
• Communication Services: 12.1%
• Financials: 7.3%
• Industrials: 7.2%
• Consumer Staples: 7.0%
Investment Profile
Axa S.a. returned an annualized 16.5% over the trailing 36 months — underperforming the S&P 500 by 4.6 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.05 (roughly in line with the market) and a 31% quarterly batting average against the index.
Its portfolio is moderately concentrated and fast-trading, with 35.0% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 100 over the past 4 quarters — a shift toward more active trading.
It has added to its LRCX position over the past two quarters (+$2.3M, now $2.5M), while trimming SPY over the same stretch (-$23.8M, still holding $22.5M).
Peer Institutions
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DC
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FH
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Total reported value
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Developer Access
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REST API
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