CIK: 0002055344
Total reported value
$193.3M
Reporting period: 2026-03-31 · Number of holdings: 77
Banque de Luxembourg S.A. disclosed 77 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $193.3M and a quarterly turnover rate of 34.5%.
Browse other institutions with $100M to $1B AUMBrowse other institutions starting with "B"
Banque de Luxembourg S.A.'s disclosed holdings carry a Herfindahl concentration index of 0.056 — mathematically equivalent to about 18 equally-sized positions, well below its 77 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 1.80), 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.
Add TTE
-4.5% $10.1M
Trim MICC
-27.0% -$9.7M
Trim LIN
+14.9% -$4.4M
Add SPY
0.0% -$1.1M
Trim CMCSA
-89.9% -$2.8M
Trim ENB
0.0% -$2.5M
Showing top 75 holdings (of 77 total)
| # | 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 | 11.70% | +1.60% | — | |
| 2 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 10.29% | -0.39% | -13.69% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 8.41% | -0.38% | +2.88% | |
| 4 | TTE | Totalenergies Se | Stock-Other | 7.63% | +5.67% | -4.49% | |
| 5 | V | Visa Inc-class A Shares | Stock-Financials | 5.40% | +0.14% | -1.93% | |
| 6 | AMZN | Amazon.com INC | Stock-Consumer Disc | 5.25% | +0.31% | -3.09% | |
| 7 | AAPL | Apple INC | Stock-Tech | 4.99% | +0.47% | -2.66% | |
| 8 | ACN | Accenture plc | Stock-Tech | 4.46% | -0.63% | -2.51% | |
| 9 | MDT | Medtronic plc | Stock-Healthcare | 4.33% | -0.06% | -9.84% | |
| 10 | SPGI | S&p Global INC | Stock-Financials | 3.43% | -0.10% | -1.81% | |
| 11 | UNH | Unitedhealth Group INC | Stock-Healthcare | 3.39% | -0.08% | -2.06% | |
| 12 | SNPS | Synopsys INC | Stock-Tech | 2.87% | -0.02% | -2.90% | |
| 13 | ADI | Analog Devices INC | Stock-Tech | 2.85% | +0.82% | -1.62% | |
| 14 | BDX | Becton Dickinson And Co | Stock-Healthcare | 2.64% | +0.51% | +26.31% | |
| 15 | NVDA | Nvidia CORP | Stock-Tech | 2.42% | +0.34% | +2.04% | |
| 16 | CSCO | Cisco Systems INC | Stock-Tech | 1.85% | -0.68% | -40.38% | |
| 17 | CNI | Canadian Natl Railway Co | Stock-Industrials | 1.70% | +0.43% | +2737.10% | |
| 18 | ALLE | Allegion plc | Stock-Industrials | 1.60% | +0.09% | -4.25% | |
| 19 | DIS | Walt Disney Co/the | Stock-Comm Services | 1.45% | +1.45% | NEW | |
| 20 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.27% | -0.10% | -16.37% | |
| 21 | ICLR | ICON Public Limited Company | Stock-Healthcare | 0.76% | -0.57% | -22.94% | |
| 22 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.71% | — | +4.88% | |
| 23 | PKW | Invesco Buyback Achievers Et | ETF-Other | 0.63% | -0.05% | -22.62% | |
| 24 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.62% | +0.03% | -8.71% | |
| 25 | DHR | Danaher CORP | Stock-Healthcare | 0.59% | +0.01% | +1.23% | |
| 26 | NKE | Nike INC -cl B | Stock-Consumer Disc | 0.57% | -0.07% | -10.96% | |
| 27 | BNY | Bank Of New York Mellon CORP | Stock-Financials | 0.54% | — | — | |
| 28 | AZN | AstraZeneca PLC | Stock-Healthcare | 0.54% | +0.54% | NEW | |
| 29 | AVGO | Broadcom INC | Stock-Tech | 0.48% | — | +19.85% | |
| 30 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.43% | — | +27.30% | |
| 31 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.39% | — | +8.56% | |
| 32 | BSX | Boston Scientific CORP | Stock-Healthcare | 0.38% | -0.15% | -11.45% | |
| 33 | LIN | Linde plc | Stock-Materials | 0.37% | -1.82% | +14.88% | |
| 34 | BLK | Blackrock INC | Stock-Financials | 0.30% | +0.11% | +40.14% | |
| 35 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.27% | +0.18% | +137.54% | |
| 36 | FNV | Franco-nevada CORP | Stock-Materials | 0.27% | -0.95% | — | |
| 37 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.26% | — | +15.45% | |
| 38 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.24% | — | -25.57% | |
| 39 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.22% | — | -10.12% | |
| 40 | PEP | Pepsico INC | Stock-Consumer Staples | 0.21% | — | -0.31% | |
| 41 | PANW | Palo Alto Networks INC | Stock-Tech | 0.20% | — | — | |
| 42 | TMO | Thermo Fisher Scientific INC | Stock-Healthcare | 0.20% | -0.01% | -7.56% | |
| 43 | ZTS | Zoetis INC | Stock-Healthcare | 0.19% | — | +5.92% | |
| 44 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.18% | — | -0.34% | |
| 45 | UBER | Uber Technologies INC | Stock-Industrials | 0.18% | -0.03% | -18.22% | |
| 46 | ENB | Enbridge INC | Stock-Energy | 0.17% | -1.05% | — | |
| 47 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 0.15% | -1.15% | -89.87% | |
| 48 | SHW | Sherwin-williams Co/the | Stock-Materials | 0.15% | — | — | |
| 49 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.14% | — | — | |
| 50 | WMT | Walmart INC | Stock-Consumer Staples | 0.13% | — | -0.40% |
Performance for Q3 2026
+1.1%
Performance Last 4 Quarters
+18.5%
Based on 79% of reported portfolio value with available pricing
Banque de Luxembourg S.A.'s most significant position changes for 2026-03-31: New buy: Walt Disney Co/the (DIS); New buy: AstraZeneca PLC (AZN); Sold out: Yum China Holdings INC (YUMC); Sold out: Kkr & Co INC (KKR); Sold out: Marvell Technology INC (MRVL).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TTE | Totalenergies Se | +5.7% | -4.49% | Trim |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | +1.6% | — | Unchanged |
| 3 | ADI | Analog Devices INC | +0.8% | -1.62% | Trim |
| 4 | BDX | Becton Dickinson And Co | +0.5% | +26.31% | Add |
| 5 | AAPL | Apple INC | +0.5% | -2.66% | Trim |
| 6 | CNI | Canadian Natl Railway Co | +0.4% | +2737.10% | Add |
| 7 | NVDA | Nvidia CORP | +0.3% | +2.04% | Add |
| 8 | AMZN | Amazon.com INC | +0.3% | -3.09% | Trim |
| 9 | MCD | Mcdonald's CORP | +0.2% | +137.54% | Add |
| 10 | V | Visa Inc-class A Shares | +0.1% | -1.93% | Trim |
| 11 | BLK | Blackrock INC | +0.1% | +40.14% | Add |
| 12 | ALLE | Allegion plc | +0.1% | -4.25% | Trim |
| 13 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | -8.71% | Trim |
| 14 | DHR | Danaher CORP | 0% | +1.23% | Add |
| 15 | TSM | Taiwan Semiconductor-sp Adr | — | -25.57% | Trim |
| 16 | TMO | Thermo Fisher Scientific INC | 0% | -7.56% | Trim |
| 17 | SNPS | Synopsys INC | 0% | -2.90% | Trim |
| 18 | UBER | Uber Technologies INC | 0% | -18.22% | Trim |
| 19 | ADBE | Adobe INC | 0% | -7.02% | Trim |
| 20 | CRM | Salesforce INC | 0% | -75.65% | Trim |
| 21 | PKW | Invesco Buyback Achievers Et | -0.1% | -22.62% | Trim |
| 22 | MDT | Medtronic plc | -0.1% | -9.84% | Trim |
| 23 | NKE | Nike INC -cl B | -0.1% | -10.96% | Trim |
| 24 | UNH | Unitedhealth Group INC | -0.1% | -2.06% | Trim |
| 25 | SPGI | S&p Global INC | -0.1% | -1.81% | Trim |
| 26 | GOOG | Alphabet Inc-cl C | -0.1% | -16.37% | Trim |
| 27 | MA | Mastercard INC - A | -0.1% | -53.76% | Trim |
| 28 | BSX | Boston Scientific CORP | -0.2% | -11.45% | Trim |
| 29 | MSFT | Microsoft CORP | -0.4% | +2.88% | Add |
| 30 | GOOGL | Alphabet Inc-cl A | -0.4% | -13.69% | Trim |
| 31 | ICLR | ICON Public Limited Company | -0.6% | -22.94% | Trim |
| 32 | ACN | Accenture plc | -0.6% | -2.51% | Trim |
| 33 | CSCO | Cisco Systems INC | -0.7% | -40.38% | Trim |
| 34 | FNV | Franco-nevada CORP | -1% | — | Unchanged |
| 35 | ENB | Enbridge INC | -1.1% | — | Unchanged |
| 36 | CMCSA | Comcast Corp-class A | -1.2% | -89.87% | Trim |
| 37 | LIN | Linde plc | -1.8% | +14.88% | Add |
| 38 | MICC | The Magnum Ice Cream Company N. | -4.1% | -27.00% | Trim |
| 39 | DIS | Walt Disney Co/the | — | NEW | New buy |
| 40 | AZN | AstraZeneca PLC | — | NEW | New buy |
| 41 | YUMC | Yum China Holdings INC | — | EXIT | Sold out |
| 42 | KKR | Kkr & Co INC | — | EXIT | Sold out |
| 43 | MRVL | Marvell Technology INC | — | EXIT | Sold out |
| 44 | ROK | Rockwell Automation INC | — | EXIT | Sold out |
| 45 | QCOM | Qualcomm INC | — | EXIT | Sold out |
| 46 | BKNG | Booking Holdings INC | — | EXIT | Sold out |
| 47 | ECL | Ecolab INC | — | EXIT | Sold out |
| 48 | IEX | Idex CORP | — | EXIT | Sold out |
| 49 | ELV | Elevance Health INC | — | EXIT | Sold out |
| 50 | SLB | Slb LTD | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-14 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-21 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-17 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-10 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-14 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
Institutions with a similar AUM
CIK 0001092688
Total reported value
$193.2M
20 stks
2015-12-31
Stale — no recent filing
AUM within 0.0% of this institution
CIK 0001128122
Total reported value
$193.2M
42 stks
2023-06-30
Stale — no recent filing
AUM within 0.0% of this institution
CIK 0002011932
Total reported value
$193.3M
56 stks
2026-03-31
AUM within 0.0% of this institution
Institutions with overlapping top holdings
CIK 0000014745
Total reported value
$400.4M
1,021 stks
2026-03-31
3 of the top 5 holdings overlap, including Ss Spdr S&p 500 ETF Trust-us
CIK 0000059951
Total reported value
$850.7M
366 stks
2022-12-31
Stale — no recent filing
3 of the top 5 holdings overlap, including Microsoft CORP
CIK 0000067698
Total reported value
$456.8M
114 stks
2025-06-30
Stale — no recent filing
3 of the top 5 holdings overlap, including Visa Inc-class A Shares