CIK: 0001191672
Total reported value
$38.1B
Reporting period: 2026-03-31 · Number of holdings: 2907
CREDIT AGRICOLE S A disclosed 2907 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $38.1B and a quarterly turnover rate of 33.4%.
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Credit Agricole S A's disclosed holdings carry a Herfindahl concentration index of 0.022 — mathematically equivalent to about 46 equally-sized positions, well below its 2907 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 4.73), 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.
Trim TSLA
-39.7% -$569.7M
Trim MSFT
-3.1% -$772.7M
Add MU
+52.1% $208.3M
Add NVDA
+0.2% -$202.8M
Trim BKNG
-70.6% -$248.6M
Trim DB
-90.2% -$213.6M
Credit Agricole is executing a contrarian capital rotation out of the consensus US mega-cap growth trade—trimming MSFT, AAPL, AMZN, GOOGL, TSLA, and QQQ—while establishing new positions in AZN and an undisclosed 2.34% holding. This is a deliberate tactical shift betting that the tech regime has peaked and that value/defensive will mean-revert.
They are pricing in a regime shift where US tech earnings decelerate and capital flows toward international pharma and defensive sectors. The embedded bet is that AI capex cycles are entering a digestion phase. The opposing thesis is that the technology sector still enjoys pricing power and margin expansion, making this rotation a premature exit from the most powerful structural trend since mobile.
Over-diversification across 1,083 holdings and an 83rd percentile contrarian tilt create a structural vulnerability: the portfolio is too dilute to generate conviction-level alpha and is leaning against a momentum factor still in gear. The unnamed 2.34% new buy also introduces a concentrated single-stock risk that could become an anchor if the macro bet misfires.
This overview is machine-generated from public regulatory data and describes past filings only — it does not constitute financial advice.
Showing top 200 holdings (of 2907 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 7.95% | +0.61% | +0.23% | |
| 2 | MSFT | Microsoft CORP | Stock-Tech | 5.82% | -0.97% | -3.13% | |
| 3 | AAPL | Apple INC | Stock-Tech | 4.66% | -0.27% | -12.36% | |
| 4 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.92% | -0.09% | -8.17% | |
| 5 | AVGO | Broadcom INC | Stock-Tech | 3.71% | — | +11.42% | |
| 6 | AMZN | Amazon.com INC | Stock-Consumer Disc | 3.39% | -0.36% | -13.29% | |
| 7 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 3.27% | +0.10% | -6.61% | |
| 8 | TTE | Totalenergies Se | Stock-Other | 2.34% | +2.34% | NEW | |
| 9 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.13% | +0.02% | -4.04% | |
| 10 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.04% | -0.24% | -10.83% | |
| 11 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 1.83% | -0.33% | -21.70% | |
| 12 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.60% | -0.34% | -21.81% | |
| 13 | AZN | AstraZeneca PLC | Stock-Healthcare | 1.54% | +1.54% | NEW | |
| 14 | TSLA | Tesla INC | Stock-Consumer Disc | 1.49% | -1.09% | -39.70% | |
| 15 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 1.41% | -0.12% | -21.02% | |
| 16 | MA | Mastercard INC - A | Stock-Financials | 1.36% | +0.05% | +2.17% | |
| 17 | MU | Micron Technology INC | Stock-Tech | 1.23% | +0.64% | +52.13% | |
| 18 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.12% | — | +17.84% | |
| 19 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.99% | — | -19.64% | |
| 20 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.91% | — | +12.86% | |
| 21 | NFLX | Netflix INC | Stock-Comm Services | 0.91% | +0.01% | -15.28% | |
| 22 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.84% | -0.12% | -11.16% | |
| 23 | AMAT | Applied Materials INC | Stock-Tech | 0.82% | — | -14.26% | |
| 24 | ADI | Analog Devices INC | Stock-Tech | 0.81% | — | -21.47% | |
| 25 | ORCL | Oracle CORP | Stock-Tech | 0.67% | -0.29% | -20.39% | |
| 26 | CRM | Salesforce INC | Stock-Tech | 0.61% | -0.06% | +11.88% | |
| 27 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.58% | +0.23% | +75.64% | |
| 28 | ABBV | Abbvie INC | Stock-Healthcare | 0.54% | — | +1.83% | |
| 29 | XLE | Ss Energy Select Sector | ETF-Other | 0.53% | — | -7.22% | |
| 30 | RACE | Ferrari N.V. | Stock-Consumer Disc | 0.52% | — | +4.43% | |
| 31 | V | Visa Inc-class A Shares | Stock-Financials | 0.50% | -0.20% | -28.46% | |
| 32 | WMT | Walmart INC | Stock-Consumer Staples | 0.50% | -0.11% | -36.22% | |
| 33 | CSCO | Cisco Systems INC | Stock-Tech | 0.48% | — | -10.00% | |
| 34 | BAC | Bank Of America CORP | Stock-Financials | 0.47% | -0.12% | -21.31% | |
| 35 | ✓ | Ferrovial Se | Stock-Other | 0.46% | — | +4.63% | |
| 36 | AMD | Advanced Micro Devices | Stock-Tech | 0.45% | — | +18.92% | |
| 37 | UBER | Uber Technologies INC | Stock-Industrials | 0.44% | — | -1.42% | |
| 38 | TMO | Thermo Fisher Scientific INC | Stock-Healthcare | 0.43% | -0.29% | -38.39% | |
| 39 | IBM | Intl Business Machines CORP | Stock-Tech | 0.40% | +0.20% | +108.77% | |
| 40 | NOW | Servicenow INC | Stock-Tech | 0.40% | -0.14% | -6.95% | |
| 41 | LMT | Lockheed Martin CORP | Stock-Industrials | 0.35% | +0.21% | +74.22% | |
| 42 | PANW | Palo Alto Networks INC | Stock-Tech | 0.35% | — | +28.35% | |
| 43 | CAT | Caterpillar INC | Stock-Industrials | 0.34% | — | -14.21% | |
| 44 | ABT | Abbott Laboratories | Stock-Healthcare | 0.34% | — | -7.38% | |
| 45 | AXP | American Express Co | Stock-Financials | 0.33% | — | +15.77% | |
| 46 | BSX | Boston Scientific CORP | Stock-Healthcare | 0.33% | -0.14% | -7.01% | |
| 47 | XOM | Exxon Mobil CORP | Stock-Energy | 0.33% | — | -19.27% | |
| 48 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.33% | — | -22.19% | |
| 49 | XLK | Ss Technology Select Sector | ETF-Tech | 0.33% | — | +6.83% | |
| 50 | SYK | Stryker CORP | Stock-Healthcare | 0.32% | -0.08% | -26.38% |
Performance for Q3 2026
+1.6%
Performance Last 4 Quarters
+18.9%
Based on 78% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 2907 | $38.1B | 33 | |
| 2025-12-31 | 2791 | $44.0B | 31 | |
| 2025-09-30 | 2864 | $37.7B | 41 | |
| 2025-03-31 | 3044 | $31.8B | 100 | |
| 2024-12-31 | 3052 | $34.1B | 0 | |
| 2024-09-30 | 2937 | $23.3B | 0 | |
| 2024-06-30 | 2493 | $18.6B | 0 | |
| 2024-03-31 | 1575 | $9.3B | 0 | |
| 2023-12-31 | 2241 | $8.8B | 0 | |
| 2023-09-30 | 2433 | $6.2B | 0 | |
| 2023-06-30 | 1782 | $5.5B | 0 | |
| 2023-03-31 | 1676 | $4.9B | 0 | |
| 2022-12-31 | 1801 | $4.8B | 0 | |
| 2022-09-30 | 1718 | $5.3B | 0 | |
| 2022-06-30 | 1759 | $4.1B | 0 | |
| 2022-03-31 | 1804 | $5.7B | 0 | |
| 2021-12-31 | 1705 | $6.3B | 0 | |
| 2021-09-30 | 1688 | $5.3B | 0 | |
| 2021-06-30 | 1635 | $4.9B | 89 | |
| 2021-03-31 | 1553 | $3.9B | 70 | |
| 2020-12-31 | 1280 | $3.1B | 66 | |
| 2020-09-30 | 1121 | $1.9B | 35 | |
| 2020-06-30 | 1028 | $1.6B | 36 | |
| 2020-03-31 | 1001 | $1.2B | 63 | |
| 2019-12-31 | 1282 | $1.8B | 45 | |
| 2019-09-30 | 1378 | $2.1B | 28 | |
| 2019-06-30 | 1114 | $1.9B | 30 | |
| 2019-03-31 | 1157 | $1.8B | 36 | |
| 2018-12-31 | 1143 | $1.8B | 37 | |
| 2018-09-30 | 1117 | $2.1B | 53 | |
| 2018-06-30 | 1013 | $1.4B | 31 | |
| 2018-03-31 | 956 | $1.5B | 37 | |
| 2017-12-31 | 904 | $1.5B | 100 | |
| 2017-09-30 | 6536 | $29.3B | 24 | |
| 2017-06-30 | 7056 | $30.5B | 52 | |
| 2017-03-31 | 7406 | $32.8B | 44 | |
| 2016-12-31 | 7155 | $31.0B | 24 | |
| 2016-09-30 | 6817 | $30.8B | 33 | |
| 2016-06-30 | 6531 | $25.9B | 39 | |
| 2016-03-31 | 6143 | $21.1B | 41 | |
| 2015-12-31 | 6747 | $21.4B | 26 | |
| 2015-09-30 | 6690 | $20.1B | 24 | |
| 2015-06-30 | 6416 | $21.3B | 20 | |
| 2015-03-31 | 6436 | $22.4B | 26 | |
| 2014-12-31 | 6683 | $23.4B | 33 | |
| 2014-09-30 | 5136 | $23.4B | 26 | |
| 2014-06-30 | 6613 | $23.7B | 41 | |
| 2014-03-31 | 5593 | $24.8B | 25 | |
| 2013-12-31 | 6046 | $24.2B | 26 | |
| 2013-09-30 | 6091 | $22.8B | 100 | |
| 2013-06-30 | 7167 | — | 0 |
Credit Agricole S A's most significant position changes for 2026-03-31: New buy: Totalenergies Se (TTE); New buy: AstraZeneca PLC (AZN); New buy: Polestar Automotive-cl A Ads (PSNY); Trim: Tesla INC (TSLA) — shares -39.70%; Trim: Microsoft CORP (MSFT) — shares -3.13%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology INC | +0.6% | +52.13% | Add |
| 2 | NVDA | Nvidia CORP | +0.6% | +0.23% | Add |
| 3 | PLTR | Palantir Technologies Inc-a | +0.2% | +75.64% | Add |
| 4 | LMT | Lockheed Martin CORP | +0.2% | +74.22% | Add |
| 5 | IBM | Intl Business Machines CORP | +0.2% | +108.77% | Add |
| 6 | LIN | Linde plc | +0.2% | +60.39% | Add |
| 7 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | -6.61% | Trim |
| 8 | MA | Mastercard INC - A | +0.1% | +2.17% | Add |
| 9 | JPM | Jpmorgan Chase & Co | 0% | -4.04% | Trim |
| 10 | NFLX | Netflix INC | 0% | -15.28% | Trim |
| 11 | CRM | Salesforce INC | -0.1% | +11.88% | Add |
| 12 | SYK | Stryker CORP | -0.1% | -26.38% | Trim |
| 13 | KO | Coca-cola Co/the | -0.1% | -37.30% | Trim |
| 14 | GOOGL | Alphabet Inc-cl A | -0.1% | -8.17% | Trim |
| 15 | INTU | Intuit INC | -0.1% | -11.46% | Trim |
| 16 | WMT | Walmart INC | -0.1% | -36.22% | Trim |
| 17 | SPGI | S&p Global INC | -0.1% | -23.51% | Trim |
| 18 | AJG | Arthur J Gallagher & Co | -0.1% | -62.38% | Trim |
| 19 | IWM | Ishares Russell 2000 ETF | -0.1% | -21.02% | Trim |
| 20 | LLY | Eli Lilly & Co | -0.1% | -11.16% | Trim |
| 21 | BAC | Bank Of America CORP | -0.1% | -21.31% | Trim |
| 22 | DIS | Walt Disney Co/the | -0.1% | -45.35% | Trim |
| 23 | QCOM | Qualcomm INC | -0.1% | -59.76% | Trim |
| 24 | NOW | Servicenow INC | -0.1% | -6.95% | Trim |
| 25 | BSX | Boston Scientific CORP | -0.1% | -7.01% | Trim |
| 26 | MCHP | Microchip Technology INC | -0.1% | -95.49% | Trim |
| 27 | HD | Home Depot INC | -0.2% | -45.83% | Trim |
| 28 | PM | Philip Morris International | -0.2% | -96.81% | Trim |
| 29 | STLA | Stellantis N.V. | -0.2% | -23.82% | Trim |
| 30 | WFC | Wells Fargo & Co | -0.2% | -71.38% | Trim |
| 31 | BX | Blackstone INC | -0.2% | -46.17% | Trim |
| 32 | KKR | Kkr & Co INC | -0.2% | -67.69% | Trim |
| 33 | GE | General Electric | -0.2% | -65.37% | Trim |
| 34 | V | Visa Inc-class A Shares | -0.2% | -28.46% | Trim |
| 35 | PG | Procter & Gamble Co/the | -0.2% | -56.54% | Trim |
| 36 | META | Meta Platforms Inc-class A | -0.2% | -10.83% | Trim |
| 37 | PEP | Pepsico INC | -0.2% | -77.07% | Trim |
| 38 | AAPL | Apple INC | -0.3% | -12.36% | Trim |
| 39 | ORCL | Oracle CORP | -0.3% | -20.39% | Trim |
| 40 | TMO | Thermo Fisher Scientific INC | -0.3% | -38.39% | Trim |
| 41 | QQQ | Invesco Qqq Trust Series 1 | -0.3% | -21.70% | Trim |
| 42 | GOOG | Alphabet Inc-cl C | -0.3% | -21.81% | Trim |
| 43 | AMZN | Amazon.com INC | -0.4% | -13.29% | Trim |
| 44 | DB | Deutsche Bank Aktiengesellschaft | -0.5% | -90.16% | Trim |
| 45 | BKNG | Booking Holdings INC | -0.6% | -70.59% | Trim |
| 46 | MSFT | Microsoft CORP | -1% | -3.13% | Trim |
| 47 | TSLA | Tesla INC | -1.1% | -39.70% | Trim |
| 48 | TTE | Totalenergies Se | — | NEW | New buy |
| 49 | AZN | AstraZeneca PLC | — | NEW | New buy |
| 50 | PSNY | Polestar Automotive-cl A Ads | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 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 |
| 2024-09-30 | 2024-11-14 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-13 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-14 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-13 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-31 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-15 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-13 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | Amendment | View on EDGAR |
| 2022-09-30 | 2022-11-10 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-08 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-16 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-10 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-17 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-12 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-13 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-13 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-14 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-12 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-08 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-14 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-14 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-13 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-13 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-10 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-14 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-13 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-14 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-14 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-11 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-03-02 | Amendment | View on EDGAR |
| 2016-12-31 | 2017-02-13 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-10 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-10 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-12 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-11 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-13 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-12 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-12 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-09 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-13 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-12 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-12 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-11 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-13 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-14 | 13F-HR | View on EDGAR |
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