Exane Asset Management — 13F Filings Deep Dive

CIK: 0001666256

High-turnover traderMomentum followerSector-focused

Total reported value

$489.2M

Reporting period: 2026-03-31 · Number of holdings: 32

Exane Asset Management disclosed 32 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $489.2M and a quarterly turnover rate of 102.0%.

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Personality snowflake

Concentration: 26.2
Portfolio Stability: 100
Momentum/Contrarian: 100
Sector conviction: 92.83
Diversification: 64
Sizing Uniformity: 89.36

Exane Asset Management's disclosed holdings carry a Herfindahl concentration index of 0.065 — mathematically equivalent to about 15 equally-sized positions, well below its 32 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.

Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.06), suggesting a disciplined, rules-based approach to how much capital goes into each idea.

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 32% 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.

Recent moves

Trim CRH
-70.7%　-$84.1M
Add UBS
+183.0%　$37.8M
Add SPOT
+364.9%　$21.0M
Trim SNOW
-67.2%　-$12.9M
Add SW
+48.1%　$12.7M
Add DASH
+222.6%　$11.6M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	UBS	UBS Group AG	Stock-Financials	13.62%	+7.54%	+183.02%
2	SW	Smurfit Westrock Plc	Stock-Consumer Disc	7.85%	+2.45%	+48.09%
3	AZN	AstraZeneca PLC	Stock-Healthcare	7.69%	+7.69%	NEW
4	✓	Ferrovial Se	Stock-Other	7.19%	-1.59%	-14.17%
5	META	Meta Platforms Inc-class A	Stock-Comm Services	6.92%	+6.92%	NEW
6	CRH	CRH plc	Stock-Materials	6.90%	-17.90%	-70.72%
7	AMZN	Amazon.com INC	Stock-Consumer Disc	6.38%	+2.04%	+70.86%
8	LIN	Linde plc	Stock-Materials	5.99%	+0.51%	-1.34%
9	SPOT	Spotify Technology S.A.	Stock-Comm Services	5.81%	+4.24%	+364.93%
10	AMRZ	Amrize Ltd	Stock-Materials	5.41%	+5.41%	NEW
11	DASH	Doordash INC - A	Stock-Consumer Disc	4.54%	+2.31%	+222.57%
12	NFLX	Netflix INC	Stock-Comm Services	3.63%	+0.08%	+4.73%
13	QXO	Qxo INC	Stock-Industrials	2.17%	+2.17%	NEW
14	DDOG	Datadog INC - Class A	Stock-Tech	2.07%	+2.07%	NEW
15	SHOP	Shopify INC - Class A	Stock-Tech	2.06%	+2.06%	NEW
16	STLA	Stellantis N.V.	Stock-Consumer Disc	2.01%	-1.04%	+7.40%
17	INTU	Intuit INC	Stock-Tech	1.67%	+1.52%	+1746.00%
18	BSX	Boston Scientific CORP	Stock-Healthcare	1.32%	+1.32%	NEW
19	BIRK	Birkenstock Holding plc	Stock-Other	1.29%	-0.32%	-3.75%
20	MDB	Mongodb INC	Stock-Tech	1.27%	-1.52%	-18.01%
21	CRWD	Crowdstrike Holdings INC - A	Stock-Tech	0.85%	+0.85%	NEW
22	SNOW	Snowflake INC	Stock-Tech	0.75%	-2.74%	-67.23%
23	ACN	Accenture plc	Stock-Tech	0.71%	+0.71%	NEW
24	HUBS	Hubspot INC	Stock-Tech	0.70%	+0.70%	NEW
25	TEAM	Atlassian Corp-cl A	Stock-Tech	0.43%	-0.83%	-14.09%
26	NOW	Servicenow INC	Stock-Tech	0.39%	-1.05%	-58.03%
27	TTE	Totalenergies Se	Stock-Other	0.27%	+0.21%	+242.19%
28	GWRE	Guidewire Software INC	Stock-Tech	0.04%	+0.04%	NEW
29	LOGI	Logitech International S.A.	Stock-Tech	0.02%	-0.05%	-66.68%
30	ALC	Alcon Inc.	Stock-Healthcare	0.02%	+0.02%	NEW
31	BKNG	Booking Holdings INC	Stock-Consumer Disc	0.01%	-1.82%	-99.28%
32	PCOR	Procore Technologies INC	Stock-Tech	—	-0.15%	-99.29%

Portfolio Performance

Performance for Q3 2026

Performance Last 4 Quarters

+10.4%

Based on 70% of reported portfolio value with available pricing

Stdev: +16.4%
Beta: +1
Alpha: -0.9%
Max Drawdown: -12.7%
Annualized Perf: +18.8%
Batting Avg vs S&P: +51.4%
Sortino: +2.13
Stutzer: +0.33
Treynor: +0.19
Sterling: +0.94
Calmar: +1.48
Information Ratio: -0.09
Tracking Error: +9.8%
Stdev Down: +8.8%
Winning Months %: +68.6%
Losing Months %: +31.4%
Best 12 Months: +38.8%
Worst 12 Months: +10.4%
Efficiency Ratio: +0.45
Sharpe: +1.14
Stdev Sectors: +12.2%
Skewness: -0.1
Kurtosis: -0.73
Upside Potential: +3.89

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	32	$489.2M	100	1UBS 2SW 3AZN Top holdings2026-03-31 1.UBS 2.SW 3.AZN 4.N3168P 5.META 6.CRH 7.AMZN 8.LIN 9.SPOT 10.AMRZ
2025-12-31	34	$475.3M	100	1CRH 2BAC3N3168P Top holdings2025-12-31 1.CRH 2.BAC 3.N3168P 4.UBS 5.LIN 6.SW 7.AMZN 8.GOOGL 9.NFLX 10.SNOW
2025-09-30	34	$296.7M	73	1CRH2N3168P3JPM Top holdings2025-09-30 1.CRH 2.N3168P 3.JPM 4.PNC 5.UBS 6.SW 7.KO 8.STLA 9.BSX 10.SPOT
2025-06-30	26	$256.2M	0	1CRH 2UBS 3BAC Top holdings2025-06-30 1.CRH 2.UBS 3.BAC 4.PNC 5.KO 6.TMUS 7.SW 8.RACE 9.ALC 10.SPOT
2025-03-31	26	$171.8M	100	1UBS 2PNC 3KO Top holdings2025-03-31 1.UBS 2.PNC 3.KO 4.CRH 5.STLA 6.JPM 7.SW 8.T 9.MSFT 10.SPOT
2024-12-31	27	$175.7M	0	1UBS 2PNC 3KO Top holdings2024-12-31 1.UBS 2.PNC 3.KO 4.N3168P 5.CRH 6.STLA 7.BAC 8.APD 9.TMUS 10.OMC
2024-09-30	18	$124.9M	0	1UBS 2BAC 3KO Top holdings2024-09-30 1.UBS 2.BAC 3.KO 4.STLA 5.TMUS 6.CRH 7.QGEN 8.AMZN 9.IFF 10.ALC
2024-06-30	18	$142.6M	0	1STLA2N3168P3PNC Top holdings2024-06-30 1.STLA 2.N3168P 3.PNC 4.CRH 5.KO 6.C 7.TMUS 8.UBS 9.IFF 10.BKNG
2024-03-31	13	$129.6M	0	1STLA 2TMUS 3CRH Top holdings2024-03-31 1.STLA 2.TMUS 3.CRH 4.PNC 5.JPM 6.BKNG 7.BUR 8.QGEN 9.UBS 10.ALC
2023-12-31	8	$117.8M	0	1STLA 2TMUS 3JPM Top holdings2023-12-31 1.STLA 2.TMUS 3.JPM 4.CRH 5.BUR 6.ADSK 7.ALC 8.FERG
2023-09-30	8	$124.4M	0	1STLA 2TMUS 3BAC Top holdings2023-09-30 1.STLA 2.TMUS 3.BAC 4.ALC 5.BUR 6.ADSK 7.GS 8.CRH
2023-06-30	12	$186.3M	0	1STLA 2ALC 3TMUS Top holdings2023-06-30 1.STLA 2.ALC 3.TMUS 4.BAC 5.OMC 6.ADSK 7.LRCXEUR 8.FTNT 9.BUR 10.GS
2023-03-31	12	$175.7M	0	1STLA 2GS 3PNC Top holdings2023-03-31 1.STLA 2.GS 3.PNC 4.LIN 5.QGEN 6.TMUS 7.LRCXEUR 8.CHWY 9.DECK 10.UBS
2022-12-31	7	$155.9M	0	1STLA 2PNC 3C Top holdings2022-12-31 1.STLA 2.PNC 3.C 4.MSFT 5.UBS 6.BKNG 7.DECK
2022-09-30	8	$149.8M	0	1STLA 2UBS 3GS Top holdings2022-09-30 1.STLA 2.UBS 3.GS 4.MSFT 5.ATVIEUR 6.NFLX 7.DECK 8.SHW
2022-06-30	8	$149.8M	0	1STLA 2UBS 3GS Top holdings2022-06-30 1.STLA 2.UBS 3.GS 4.MSFT 5.ATVIEUR 6.NFLX 7.DECK 8.SHW
2022-03-31	6	$206.8M	0	1STLA 2UBS 3BAC Top holdings2022-03-31 1.STLA 2.UBS 3.BAC 4.MSFT 5.GS 6.VZ
2021-12-31	10	$383.2M	0	1ALC 2UBS 3STLA Top holdings2021-12-31 1.ALC 2.UBS 3.STLA 4.TMUS 5.GS 6.JPM 7.MSFT 8.ABNB 9.EA 10.DECK
2021-09-30	13	$422.2M	0	1ALC 2UBS 3LIN Top holdings2021-09-30 1.ALC 2.UBS 3.LIN 4.STLA 5.TMUS 6.GS 7.C 8.ATVIEUR 9.OMC 10.DECK
2021-06-30	17	$440.6M	74	1ALC 2STLA 3LIN Top holdings2021-06-30 1.ALC 2.STLA 3.LIN 4.UBS 5.VRTX 6.BIO 7.OMC 8.AMZN 9.PM 10.JPM
2021-03-31	15	$260.0M	100	1STLA 2VRTX 3PM Top holdings2021-03-31 1.STLA 2.VRTX 3.PM 4.TMUS 5.UBS 6.BKNG 7.NFLX 8.META 9.NKE 10.ATVIEUR
2020-12-31	19	$139.6M	100	1LIN 2OMC 3UBS Top holdings2020-12-31 1.LIN 2.OMC 3.UBS 4.TMUS 5.AMZN 6.BAC 7.ATVIEUR 8.META 9.GS 10.MSFT
2020-09-30	19	$152.6M	100	1ALC 2LIN 3STLA Top holdings2020-09-30 1.ALC 2.LIN 3.STLA 4.MSFT 5.UBS 6.ATVIEUR 7.AMZN 8.LLY 9.HD 10.WMT
2020-06-30	16	$97.0M	95	1ATVIEUR 2TMUS 3MSFT Top holdings2020-06-30 1.ATVIEUR 2.TMUS 3.MSFT 4.OMC 5.BABA 6.UBS 7.WMT 8.NFLX 9.DOX 10.COST
2020-03-31	11	$51.3M	100	1ATVIEUR 2UBS 3MSFT Top holdings2020-03-31 1.ATVIEUR 2.UBS 3.MSFT 4.LIN 5.NFLX 6.TEGPUSD 7.TMUS 8.TAK 9.AMGN 10.CTMX
2019-12-31	28	$81.4M	100	1LIN2G0177J3ZAYOEUR Top holdings2019-12-31 1.LIN 2.G0177J 3.ZAYOEUR 4.T 5.TIFEUR 6.WAIREUR 7.CYEUR 8.CZREUR 9.ATVIEUR 10.N47279
2019-09-30	30	$130.3M	100	1ALC 2BMY 3ASH Top holdings2019-09-30 1.ALC 2.BMY 3.ASH 4.CELG 5.MDSOEUR 6.QGEN 7.6D8 8.G0177J 9.ZAYOEUR 10.VSMEUR
2019-06-30	50	$225.1M	100	16D8 2ASH 3QGEN Top holdings2019-06-30 1.6D8 2.ASH 3.QGEN 4.RHT1EUR 5.CELG 6.BMY 7.APC3EUR 8.T 9.LYB 10.TSU
2019-03-31	41	$205.5M	100	1DD 2PPG 3BMY Top holdings2019-03-31 1.DD 2.PPG 3.BMY 4.TSU 5.HO1 6.T 7.RHT1EUR 8.TAK 9.CNH 10.458118
2018-12-31	107	$170.4M	100	1APD 2TMUS 3TAK Top holdings2018-12-31 1.APD 2.TMUS 3.TAK 4.SHW 5.T 6.ASH 7.PPG 8.XXI 9.92240G 10.82481R
2018-09-30	129	$319.4M	100	1BMY 2QGEN 3ALXN Top holdings2018-09-30 1.BMY 2.QGEN 3.ALXN 4.ASH 5.APD 6.GILD 7.UBS 8.82481R 9.XXI 10.AXTA
2018-06-30	132	$231.1M	95	1QGEN 2BMY 3DD Top holdings2018-06-30 1.QGEN 2.BMY 3.DD 4.PPG 5.BIIB 6.BMRN 7.G98294 8.AXTA 9.C 10.G9319H
2018-03-31	123	$333.3M	79	1BMY 2ASH 3DD Top holdings2018-03-31 1.BMY 2.ASH 3.DD 4.TMUS 5.QGEN 6.UBS 7.APD 8.ALXN 9.PPG 10.NXPI
2017-12-31	97	$322.0M	93	1QGEN 2APD 3BIIB Top holdings2017-12-31 1.QGEN 2.APD 3.BIIB 4.BMY 5.ASH 6.DD 7.GILD 8.TSU 9.TMUS 10.BMRN
2017-09-30	114	$511.6M	91	1GILD 2QGEN 3T Top holdings2017-09-30 1.GILD 2.QGEN 3.T 4.BMY 5.VZ 6.ASH 7.CNH 8.APD 9.PQGEUR 10.BIIB
2017-06-30	106	$320.7M	80	1BMY261166W3GILD Top holdings2017-06-30 1.BMY 2.61166W 3.GILD 4.APD 5.QGEN 6.GCPEUR 7.TSU 8.ASH 9.BIIB 10.CELG
2017-03-31	37	$322.6M	85	1TSU 2BMY 3APD Top holdings2017-03-31 1.TSU 2.BMY 3.APD 4.C 5.GCPEUR 6.ASH 7.GILD 8.WFC 9.UBS 10.CELG
2016-12-31	35	$303.7M	58	1CNH 2TSU 3PM Top holdings2016-12-31 1.CNH 2.TSU 3.PM 4.APD 5.BAC 6.GILD 7.82481R 8.BMY 9.ASH 10.CELG
2016-09-30	39	$318.9M	69	1CNH 2GILD 3MRK Top holdings2016-09-30 1.CNH 2.GILD 3.MRK 4.CELG 5.QGEN 6.TSU 7.ASH 8.G0177J 9.ALXN 10.BMRN
2016-06-30	32	$257.7M	100	182481R2G0177J3TSU Top holdings2016-06-30 1.82481R 2.G0177J 3.TSU 4.ALXN 5.GILD 6.QGEN 7.CNH 8.BMRN 9.APD 10.PPG
2016-03-31	25	$192.1M	88	1TMUS 2TSU382481R Top holdings2016-03-31 1.TMUS 2.TSU 3.82481R 4.G0177J 5.BMRN 6.CNH 7.CELG 8.C 9.GRA1EUR 10.61166W
2015-12-31	23	$164.9M	0	1TMUS 2TSU 3DB Top holdings2015-12-31 1.TMUS 2.TSU 3.DB 4.C 5.CELG 6.G0177J 7.GILD 8.MS 9.CF 10.07177M

Holding changes this quarter

Exane Asset Management's most significant position changes for 2026-03-31: Sold out: Bank Of America CORP (BAC); New buy: AstraZeneca PLC (AZN); New buy: Meta Platforms Inc-class A (META); New buy: Amrize Ltd (AMRZ); Sold out: Alphabet Inc-cl A (GOOGL).

Position changes disclosed by Exane Asset Management for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	UBS	UBS Group AG	+7.5%	+183.02%	Add
2	SPOT	Spotify Technology S.A.	+4.2%	+364.93%	Add
3	SW	Smurfit Westrock Plc	+2.5%	+48.09%	Add
4	DASH	Doordash INC - A	+2.3%	+222.57%	Add
5	AMZN	Amazon.com INC	+2%	+70.86%	Add
6	INTU	Intuit INC	+1.5%	+1746.00%	Add
7	LIN	Linde plc	+0.5%	-1.34%	Trim
8	TTE	Totalenergies Se	+0.2%	+242.19%	Add
9	NFLX	Netflix INC	+0.1%	+4.73%	Add
10	LOGI	Logitech International S.A.	-0.1%	-66.68%	Trim
11	PCOR	Procore Technologies INC	-0.2%	-99.29%	Trim
12	BIRK	Birkenstock Holding plc	-0.3%	-3.75%	Trim
13	TEAM	Atlassian Corp-cl A	-0.8%	-14.09%	Trim
14	STLA	Stellantis N.V.	-1%	+7.40%	Add
15	NOW	Servicenow INC	-1.1%	-58.03%	Trim
16	MDB	Mongodb INC	-1.5%	-18.01%	Trim
17	✓	Ferrovial Se	-1.6%	-14.17%	Trim
18	BKNG	Booking Holdings INC	-1.8%	-99.28%	Trim
19	SNOW	Snowflake INC	-2.7%	-67.23%	Trim
20	CRH	CRH plc	-17.9%	-70.72%	Trim
21	BAC	Bank Of America CORP	—	EXIT	Sold out
22	AZN	AstraZeneca PLC	—	NEW	New buy
23	META	Meta Platforms Inc-class A	—	NEW	New buy
24	AMRZ	Amrize Ltd	—	NEW	New buy
25	GOOGL	Alphabet Inc-cl A	—	EXIT	Sold out
26	QXO	Qxo INC	—	NEW	New buy
27	CRM	Salesforce INC	—	EXIT	Sold out
28	DDOG	Datadog INC - Class A	—	NEW	New buy
29	SHOP	Shopify INC - Class A	—	NEW	New buy
30	BSX	Boston Scientific CORP	—	NEW	New buy
31	TWLO	Twilio INC - A	—	EXIT	Sold out
32	NVDA	Nvidia CORP	—	EXIT	Sold out
33	RACE	Ferrari N.V.	—	EXIT	Sold out
34	CRWD	Crowdstrike Holdings INC - A	—	NEW	New buy
35	DT	Dynatrace INC	—	EXIT	Sold out
36	ACN	Accenture plc	—	NEW	New buy
37	HUBS	Hubspot INC	—	NEW	New buy
38	VOO	Vanguard S&P 500 ETF	—	EXIT	Sold out
39	CCC	Ccc Intelligent Solutions Ho	—	EXIT	Sold out
40	8QR	Confluent Inc-class A	—	EXIT	Sold out
41	GWRE	Guidewire Software INC	—	NEW	New buy
42	ALC	Alcon Inc.	—	NEW	New buy
43	JPM	Jpmorgan Chase & Co	—	EXIT	Sold out
44	PNC	Pnc Financial Services Group	—	EXIT	Sold out
45	SNPS	Synopsys INC	—	EXIT	Sold out
46	APGE	Apogee Therapeutics INC	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-04-29	13F-HR	View on EDGAR
2025-12-31	2026-01-27	13F-HR	View on EDGAR
2025-09-30	2025-11-03	13F-HR	View on EDGAR
2025-06-30	2025-07-17	13F-HR	View on EDGAR
2025-03-31	2025-04-30	13F-HR	View on EDGAR
2025-03-31	2025-04-30	Amendment	View on EDGAR
2024-12-31	2025-01-28	13F-HR	View on EDGAR
2024-09-30	2024-11-05	13F-HR	View on EDGAR
2024-06-30	2024-08-07	13F-HR	View on EDGAR
2024-03-31	2024-04-23	13F-HR	View on EDGAR
2023-12-31	2024-01-24	13F-HR	View on EDGAR
2023-09-30	2023-10-20	13F-HR	View on EDGAR
2023-06-30	2023-07-17	13F-HR	View on EDGAR
2023-03-31	2023-05-11	Amendment	View on EDGAR
2023-03-31	2023-04-25	13F-HR	View on EDGAR
2022-12-31	2023-01-17	13F-HR	View on EDGAR
2022-09-30	2022-10-24	13F-HR	View on EDGAR
2022-06-30	2022-07-15	13F-HR	View on EDGAR
2022-03-31	2022-04-21	13F-HR	View on EDGAR
2021-12-31	2022-01-25	Amendment	View on EDGAR
2021-12-31	2022-01-21	13F-HR	View on EDGAR
2021-09-30	2021-10-19	13F-HR	View on EDGAR
2021-06-30	2021-07-16	13F-HR	View on EDGAR
2021-03-31	2021-04-21	13F-HR	View on EDGAR
2020-12-31	2021-01-22	13F-HR	View on EDGAR
2020-09-30	2020-10-15	13F-HR	View on EDGAR
2020-06-30	2020-07-27	13F-HR	View on EDGAR
2020-03-31	2020-04-22	13F-HR	View on EDGAR
2019-12-31	2020-02-18	Amendment	View on EDGAR
2019-12-31	2020-02-03	Amendment	View on EDGAR
2019-12-31	2020-02-03	13F-HR	View on EDGAR
2019-09-30	2019-10-24	13F-HR	View on EDGAR
2019-06-30	2019-08-05	13F-HR	View on EDGAR
2019-03-31	2019-05-07	13F-HR	View on EDGAR
2018-12-31	2019-02-05	13F-HR	View on EDGAR
2018-09-30	2018-11-16	13F-HR	View on EDGAR
2018-06-30	2018-11-16	Amendment	View on EDGAR
2018-06-30	2018-09-06	13F-HR	View on EDGAR
2018-03-31	2018-04-30	13F-HR	View on EDGAR
2017-12-31	2018-02-08	13F-HR	View on EDGAR
2017-09-30	2017-10-13	13F-HR	View on EDGAR
2017-06-30	2017-07-19	13F-HR	View on EDGAR
2017-03-31	2017-05-08	13F-HR	View on EDGAR
2016-12-31	2017-01-31	13F-HR	View on EDGAR
2016-09-30	2016-10-26	13F-HR	View on EDGAR
2016-06-30	2016-08-04	13F-HR	View on EDGAR
2016-03-31	2016-05-04	13F-HR	View on EDGAR
2015-12-31	2016-02-12	13F-HR	View on EDGAR

FAQ

What is Exane Asset Management and what type of investor is it?

Exane Asset Management is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $489.2M, spread across 32 disclosed positions.

What are Exane Asset Management's largest equity positions?

Based on the latest 13F filing, Exane Asset Management's top holdings by market value are: 1. UBS Group AG (UBS) — $66.7M (13.6%) 2. Smurfit Westrock Plc (SW) — $38.4M (7.8%) 3. AstraZeneca PLC (AZN) — $37.6M (7.7%) 4. Ferrovial Se — $35.2M (7.2%) 5. Meta Platforms Inc-class A (META) — $33.9M (6.9%)

What changes did Exane Asset Management make in its most recent portfolio filing?

In the latest reported quarter, Exane Asset Management made 46 notable position adjustments: 12 new positions were initiated, 9 existing holdings were added to, 11 positions were partially reduced, and 14 were completely exited. The largest of these moves: Sold out: Bank Of America CORP (BAC); New buy: AstraZeneca PLC (AZN); New buy: Meta Platforms Inc-class A (META); New buy: Amrize Ltd (AMRZ); Sold out: Alphabet Inc-cl A (GOOGL)

What sectors does Exane Asset Management focus on?

Exane Asset Management is concentrated in the following sectors based on its current disclosed equity portfolio: • Consumer Discretionary: 33.9% • Communication Services: 32.7% • Information Technology: 29.4% • Health Care: 4.1%

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Total reported value

$6.1B

218 stks

2026-03-31

Concentration100.0

Portfolio Stability45.4

Sector conviction67.9

2 of the top 5 holdings overlap, including AstraZeneca PLC

View detail

Causeway Capital Management LLC

CIK 0001165797

Total reported value

$8.1B

107 stks

2026-03-31

Concentration27.9

Portfolio Stability46.8

Sector conviction54.3

2 of the top 5 holdings overlap, including AstraZeneca PLC

View detail

M&g PLC

CIK 0001802539

Total reported value

$19.4B

424 stks

2026-03-31

Concentration6.7

Portfolio Stability36.0

Sector conviction44.8

2 of the top 5 holdings overlap, including AstraZeneca PLC

View detail

Exane Asset Management — 13F Filings Deep Dive

CIK: 0001666256

High-turnover traderMomentum followerSector-focused

Total reported value

$489.2M

Reporting period: 2026-03-31 · Number of holdings: 32

Exane Asset Management disclosed 32 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $489.2M and a quarterly turnover rate of 102.0%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "E"

Personality snowflake

Concentration: 26.2
Portfolio Stability: 100
Momentum/Contrarian: 100
Sector conviction: 92.83
Diversification: 64
Sizing Uniformity: 89.36

Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.06), suggesting a disciplined, rules-based approach to how much capital goes into each idea.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Trim CRH
-70.7%　-$84.1M
Add UBS
+183.0%　$37.8M
Add SPOT
+364.9%　$21.0M
Trim SNOW
-67.2%　-$12.9M
Add SW
+48.1%　$12.7M
Add DASH
+222.6%　$11.6M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	UBS	UBS Group AG	Stock-Financials	13.62%	+7.54%	+183.02%
2	SW	Smurfit Westrock Plc	Stock-Consumer Disc	7.85%	+2.45%	+48.09%
3	AZN	AstraZeneca PLC	Stock-Healthcare	7.69%	+7.69%	NEW
4	✓	Ferrovial Se	Stock-Other	7.19%	-1.59%	-14.17%
5	META	Meta Platforms Inc-class A	Stock-Comm Services	6.92%	+6.92%	NEW
6	CRH	CRH plc	Stock-Materials	6.90%	-17.90%	-70.72%
7	AMZN	Amazon.com INC	Stock-Consumer Disc	6.38%	+2.04%	+70.86%
8	LIN	Linde plc	Stock-Materials	5.99%	+0.51%	-1.34%
9	SPOT	Spotify Technology S.A.	Stock-Comm Services	5.81%	+4.24%	+364.93%
10	AMRZ	Amrize Ltd	Stock-Materials	5.41%	+5.41%	NEW
11	DASH	Doordash INC - A	Stock-Consumer Disc	4.54%	+2.31%	+222.57%
12	NFLX	Netflix INC	Stock-Comm Services	3.63%	+0.08%	+4.73%
13	QXO	Qxo INC	Stock-Industrials	2.17%	+2.17%	NEW
14	DDOG	Datadog INC - Class A	Stock-Tech	2.07%	+2.07%	NEW
15	SHOP	Shopify INC - Class A	Stock-Tech	2.06%	+2.06%	NEW
16	STLA	Stellantis N.V.	Stock-Consumer Disc	2.01%	-1.04%	+7.40%
17	INTU	Intuit INC	Stock-Tech	1.67%	+1.52%	+1746.00%
18	BSX	Boston Scientific CORP	Stock-Healthcare	1.32%	+1.32%	NEW
19	BIRK	Birkenstock Holding plc	Stock-Other	1.29%	-0.32%	-3.75%
20	MDB	Mongodb INC	Stock-Tech	1.27%	-1.52%	-18.01%
21	CRWD	Crowdstrike Holdings INC - A	Stock-Tech	0.85%	+0.85%	NEW
22	SNOW	Snowflake INC	Stock-Tech	0.75%	-2.74%	-67.23%
23	ACN	Accenture plc	Stock-Tech	0.71%	+0.71%	NEW
24	HUBS	Hubspot INC	Stock-Tech	0.70%	+0.70%	NEW
25	TEAM	Atlassian Corp-cl A	Stock-Tech	0.43%	-0.83%	-14.09%
26	NOW	Servicenow INC	Stock-Tech	0.39%	-1.05%	-58.03%
27	TTE	Totalenergies Se	Stock-Other	0.27%	+0.21%	+242.19%
28	GWRE	Guidewire Software INC	Stock-Tech	0.04%	+0.04%	NEW
29	LOGI	Logitech International S.A.	Stock-Tech	0.02%	-0.05%	-66.68%
30	ALC	Alcon Inc.	Stock-Healthcare	0.02%	+0.02%	NEW
31	BKNG	Booking Holdings INC	Stock-Consumer Disc	0.01%	-1.82%	-99.28%
32	PCOR	Procore Technologies INC	Stock-Tech	—	-0.15%	-99.29%

Portfolio Performance

Performance for Q3 2026

Performance Last 4 Quarters

+10.4%

Based on 70% of reported portfolio value with available pricing

Stdev: +16.4%
Beta: +1
Alpha: -0.9%
Max Drawdown: -12.7%
Annualized Perf: +18.8%
Batting Avg vs S&P: +51.4%
Sortino: +2.13
Stutzer: +0.33
Treynor: +0.19
Sterling: +0.94
Calmar: +1.48
Information Ratio: -0.09
Tracking Error: +9.8%
Stdev Down: +8.8%
Winning Months %: +68.6%
Losing Months %: +31.4%
Best 12 Months: +38.8%
Worst 12 Months: +10.4%
Efficiency Ratio: +0.45
Sharpe: +1.14
Stdev Sectors: +12.2%
Skewness: -0.1
Kurtosis: -0.73
Upside Potential: +3.89

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	32	$489.2M	100	1UBS 2SW 3AZN Top holdings2026-03-31 1.UBS 2.SW 3.AZN 4.N3168P 5.META 6.CRH 7.AMZN 8.LIN 9.SPOT 10.AMRZ
2025-12-31	34	$475.3M	100	1CRH 2BAC3N3168P Top holdings2025-12-31 1.CRH 2.BAC 3.N3168P 4.UBS 5.LIN 6.SW 7.AMZN 8.GOOGL 9.NFLX 10.SNOW
2025-09-30	34	$296.7M	73	1CRH2N3168P3JPM Top holdings2025-09-30 1.CRH 2.N3168P 3.JPM 4.PNC 5.UBS 6.SW 7.KO 8.STLA 9.BSX 10.SPOT
2025-06-30	26	$256.2M	0	1CRH 2UBS 3BAC Top holdings2025-06-30 1.CRH 2.UBS 3.BAC 4.PNC 5.KO 6.TMUS 7.SW 8.RACE 9.ALC 10.SPOT
2025-03-31	26	$171.8M	100	1UBS 2PNC 3KO Top holdings2025-03-31 1.UBS 2.PNC 3.KO 4.CRH 5.STLA 6.JPM 7.SW 8.T 9.MSFT 10.SPOT
2024-12-31	27	$175.7M	0	1UBS 2PNC 3KO Top holdings2024-12-31 1.UBS 2.PNC 3.KO 4.N3168P 5.CRH 6.STLA 7.BAC 8.APD 9.TMUS 10.OMC
2024-09-30	18	$124.9M	0	1UBS 2BAC 3KO Top holdings2024-09-30 1.UBS 2.BAC 3.KO 4.STLA 5.TMUS 6.CRH 7.QGEN 8.AMZN 9.IFF 10.ALC
2024-06-30	18	$142.6M	0	1STLA2N3168P3PNC Top holdings2024-06-30 1.STLA 2.N3168P 3.PNC 4.CRH 5.KO 6.C 7.TMUS 8.UBS 9.IFF 10.BKNG
2024-03-31	13	$129.6M	0	1STLA 2TMUS 3CRH Top holdings2024-03-31 1.STLA 2.TMUS 3.CRH 4.PNC 5.JPM 6.BKNG 7.BUR 8.QGEN 9.UBS 10.ALC
2023-12-31	8	$117.8M	0	1STLA 2TMUS 3JPM Top holdings2023-12-31 1.STLA 2.TMUS 3.JPM 4.CRH 5.BUR 6.ADSK 7.ALC 8.FERG
2023-09-30	8	$124.4M	0	1STLA 2TMUS 3BAC Top holdings2023-09-30 1.STLA 2.TMUS 3.BAC 4.ALC 5.BUR 6.ADSK 7.GS 8.CRH
2023-06-30	12	$186.3M	0	1STLA 2ALC 3TMUS Top holdings2023-06-30 1.STLA 2.ALC 3.TMUS 4.BAC 5.OMC 6.ADSK 7.LRCXEUR 8.FTNT 9.BUR 10.GS
2023-03-31	12	$175.7M	0	1STLA 2GS 3PNC Top holdings2023-03-31 1.STLA 2.GS 3.PNC 4.LIN 5.QGEN 6.TMUS 7.LRCXEUR 8.CHWY 9.DECK 10.UBS
2022-12-31	7	$155.9M	0	1STLA 2PNC 3C Top holdings2022-12-31 1.STLA 2.PNC 3.C 4.MSFT 5.UBS 6.BKNG 7.DECK
2022-09-30	8	$149.8M	0	1STLA 2UBS 3GS Top holdings2022-09-30 1.STLA 2.UBS 3.GS 4.MSFT 5.ATVIEUR 6.NFLX 7.DECK 8.SHW
2022-06-30	8	$149.8M	0	1STLA 2UBS 3GS Top holdings2022-06-30 1.STLA 2.UBS 3.GS 4.MSFT 5.ATVIEUR 6.NFLX 7.DECK 8.SHW
2022-03-31	6	$206.8M	0	1STLA 2UBS 3BAC Top holdings2022-03-31 1.STLA 2.UBS 3.BAC 4.MSFT 5.GS 6.VZ
2021-12-31	10	$383.2M	0	1ALC 2UBS 3STLA Top holdings2021-12-31 1.ALC 2.UBS 3.STLA 4.TMUS 5.GS 6.JPM 7.MSFT 8.ABNB 9.EA 10.DECK
2021-09-30	13	$422.2M	0	1ALC 2UBS 3LIN Top holdings2021-09-30 1.ALC 2.UBS 3.LIN 4.STLA 5.TMUS 6.GS 7.C 8.ATVIEUR 9.OMC 10.DECK
2021-06-30	17	$440.6M	74	1ALC 2STLA 3LIN Top holdings2021-06-30 1.ALC 2.STLA 3.LIN 4.UBS 5.VRTX 6.BIO 7.OMC 8.AMZN 9.PM 10.JPM
2021-03-31	15	$260.0M	100	1STLA 2VRTX 3PM Top holdings2021-03-31 1.STLA 2.VRTX 3.PM 4.TMUS 5.UBS 6.BKNG 7.NFLX 8.META 9.NKE 10.ATVIEUR
2020-12-31	19	$139.6M	100	1LIN 2OMC 3UBS Top holdings2020-12-31 1.LIN 2.OMC 3.UBS 4.TMUS 5.AMZN 6.BAC 7.ATVIEUR 8.META 9.GS 10.MSFT
2020-09-30	19	$152.6M	100	1ALC 2LIN 3STLA Top holdings2020-09-30 1.ALC 2.LIN 3.STLA 4.MSFT 5.UBS 6.ATVIEUR 7.AMZN 8.LLY 9.HD 10.WMT
2020-06-30	16	$97.0M	95	1ATVIEUR 2TMUS 3MSFT Top holdings2020-06-30 1.ATVIEUR 2.TMUS 3.MSFT 4.OMC 5.BABA 6.UBS 7.WMT 8.NFLX 9.DOX 10.COST
2020-03-31	11	$51.3M	100	1ATVIEUR 2UBS 3MSFT Top holdings2020-03-31 1.ATVIEUR 2.UBS 3.MSFT 4.LIN 5.NFLX 6.TEGPUSD 7.TMUS 8.TAK 9.AMGN 10.CTMX
2019-12-31	28	$81.4M	100	1LIN2G0177J3ZAYOEUR Top holdings2019-12-31 1.LIN 2.G0177J 3.ZAYOEUR 4.T 5.TIFEUR 6.WAIREUR 7.CYEUR 8.CZREUR 9.ATVIEUR 10.N47279
2019-09-30	30	$130.3M	100	1ALC 2BMY 3ASH Top holdings2019-09-30 1.ALC 2.BMY 3.ASH 4.CELG 5.MDSOEUR 6.QGEN 7.6D8 8.G0177J 9.ZAYOEUR 10.VSMEUR
2019-06-30	50	$225.1M	100	16D8 2ASH 3QGEN Top holdings2019-06-30 1.6D8 2.ASH 3.QGEN 4.RHT1EUR 5.CELG 6.BMY 7.APC3EUR 8.T 9.LYB 10.TSU
2019-03-31	41	$205.5M	100	1DD 2PPG 3BMY Top holdings2019-03-31 1.DD 2.PPG 3.BMY 4.TSU 5.HO1 6.T 7.RHT1EUR 8.TAK 9.CNH 10.458118
2018-12-31	107	$170.4M	100	1APD 2TMUS 3TAK Top holdings2018-12-31 1.APD 2.TMUS 3.TAK 4.SHW 5.T 6.ASH 7.PPG 8.XXI 9.92240G 10.82481R
2018-09-30	129	$319.4M	100	1BMY 2QGEN 3ALXN Top holdings2018-09-30 1.BMY 2.QGEN 3.ALXN 4.ASH 5.APD 6.GILD 7.UBS 8.82481R 9.XXI 10.AXTA
2018-06-30	132	$231.1M	95	1QGEN 2BMY 3DD Top holdings2018-06-30 1.QGEN 2.BMY 3.DD 4.PPG 5.BIIB 6.BMRN 7.G98294 8.AXTA 9.C 10.G9319H
2018-03-31	123	$333.3M	79	1BMY 2ASH 3DD Top holdings2018-03-31 1.BMY 2.ASH 3.DD 4.TMUS 5.QGEN 6.UBS 7.APD 8.ALXN 9.PPG 10.NXPI
2017-12-31	97	$322.0M	93	1QGEN 2APD 3BIIB Top holdings2017-12-31 1.QGEN 2.APD 3.BIIB 4.BMY 5.ASH 6.DD 7.GILD 8.TSU 9.TMUS 10.BMRN
2017-09-30	114	$511.6M	91	1GILD 2QGEN 3T Top holdings2017-09-30 1.GILD 2.QGEN 3.T 4.BMY 5.VZ 6.ASH 7.CNH 8.APD 9.PQGEUR 10.BIIB
2017-06-30	106	$320.7M	80	1BMY261166W3GILD Top holdings2017-06-30 1.BMY 2.61166W 3.GILD 4.APD 5.QGEN 6.GCPEUR 7.TSU 8.ASH 9.BIIB 10.CELG
2017-03-31	37	$322.6M	85	1TSU 2BMY 3APD Top holdings2017-03-31 1.TSU 2.BMY 3.APD 4.C 5.GCPEUR 6.ASH 7.GILD 8.WFC 9.UBS 10.CELG
2016-12-31	35	$303.7M	58	1CNH 2TSU 3PM Top holdings2016-12-31 1.CNH 2.TSU 3.PM 4.APD 5.BAC 6.GILD 7.82481R 8.BMY 9.ASH 10.CELG
2016-09-30	39	$318.9M	69	1CNH 2GILD 3MRK Top holdings2016-09-30 1.CNH 2.GILD 3.MRK 4.CELG 5.QGEN 6.TSU 7.ASH 8.G0177J 9.ALXN 10.BMRN
2016-06-30	32	$257.7M	100	182481R2G0177J3TSU Top holdings2016-06-30 1.82481R 2.G0177J 3.TSU 4.ALXN 5.GILD 6.QGEN 7.CNH 8.BMRN 9.APD 10.PPG
2016-03-31	25	$192.1M	88	1TMUS 2TSU382481R Top holdings2016-03-31 1.TMUS 2.TSU 3.82481R 4.G0177J 5.BMRN 6.CNH 7.CELG 8.C 9.GRA1EUR 10.61166W
2015-12-31	23	$164.9M	0	1TMUS 2TSU 3DB Top holdings2015-12-31 1.TMUS 2.TSU 3.DB 4.C 5.CELG 6.G0177J 7.GILD 8.MS 9.CF 10.07177M

Holding changes this quarter

Position changes disclosed by Exane Asset Management for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	UBS	UBS Group AG	+7.5%	+183.02%	Add
2	SPOT	Spotify Technology S.A.	+4.2%	+364.93%	Add
3	SW	Smurfit Westrock Plc	+2.5%	+48.09%	Add
4	DASH	Doordash INC - A	+2.3%	+222.57%	Add
5	AMZN	Amazon.com INC	+2%	+70.86%	Add
6	INTU	Intuit INC	+1.5%	+1746.00%	Add
7	LIN	Linde plc	+0.5%	-1.34%	Trim
8	TTE	Totalenergies Se	+0.2%	+242.19%	Add
9	NFLX	Netflix INC	+0.1%	+4.73%	Add
10	LOGI	Logitech International S.A.	-0.1%	-66.68%	Trim
11	PCOR	Procore Technologies INC	-0.2%	-99.29%	Trim
12	BIRK	Birkenstock Holding plc	-0.3%	-3.75%	Trim
13	TEAM	Atlassian Corp-cl A	-0.8%	-14.09%	Trim
14	STLA	Stellantis N.V.	-1%	+7.40%	Add
15	NOW	Servicenow INC	-1.1%	-58.03%	Trim
16	MDB	Mongodb INC	-1.5%	-18.01%	Trim
17	✓	Ferrovial Se	-1.6%	-14.17%	Trim
18	BKNG	Booking Holdings INC	-1.8%	-99.28%	Trim
19	SNOW	Snowflake INC	-2.7%	-67.23%	Trim
20	CRH	CRH plc	-17.9%	-70.72%	Trim
21	BAC	Bank Of America CORP	—	EXIT	Sold out
22	AZN	AstraZeneca PLC	—	NEW	New buy
23	META	Meta Platforms Inc-class A	—	NEW	New buy
24	AMRZ	Amrize Ltd	—	NEW	New buy
25	GOOGL	Alphabet Inc-cl A	—	EXIT	Sold out
26	QXO	Qxo INC	—	NEW	New buy
27	CRM	Salesforce INC	—	EXIT	Sold out
28	DDOG	Datadog INC - Class A	—	NEW	New buy
29	SHOP	Shopify INC - Class A	—	NEW	New buy
30	BSX	Boston Scientific CORP	—	NEW	New buy
31	TWLO	Twilio INC - A	—	EXIT	Sold out
32	NVDA	Nvidia CORP	—	EXIT	Sold out
33	RACE	Ferrari N.V.	—	EXIT	Sold out
34	CRWD	Crowdstrike Holdings INC - A	—	NEW	New buy
35	DT	Dynatrace INC	—	EXIT	Sold out
36	ACN	Accenture plc	—	NEW	New buy
37	HUBS	Hubspot INC	—	NEW	New buy
38	VOO	Vanguard S&P 500 ETF	—	EXIT	Sold out
39	CCC	Ccc Intelligent Solutions Ho	—	EXIT	Sold out
40	8QR	Confluent Inc-class A	—	EXIT	Sold out
41	GWRE	Guidewire Software INC	—	NEW	New buy
42	ALC	Alcon Inc.	—	NEW	New buy
43	JPM	Jpmorgan Chase & Co	—	EXIT	Sold out
44	PNC	Pnc Financial Services Group	—	EXIT	Sold out
45	SNPS	Synopsys INC	—	EXIT	Sold out
46	APGE	Apogee Therapeutics INC	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-04-29	13F-HR	View on EDGAR
2025-12-31	2026-01-27	13F-HR	View on EDGAR
2025-09-30	2025-11-03	13F-HR	View on EDGAR
2025-06-30	2025-07-17	13F-HR	View on EDGAR
2025-03-31	2025-04-30	13F-HR	View on EDGAR
2025-03-31	2025-04-30	Amendment	View on EDGAR
2024-12-31	2025-01-28	13F-HR	View on EDGAR
2024-09-30	2024-11-05	13F-HR	View on EDGAR
2024-06-30	2024-08-07	13F-HR	View on EDGAR
2024-03-31	2024-04-23	13F-HR	View on EDGAR
2023-12-31	2024-01-24	13F-HR	View on EDGAR
2023-09-30	2023-10-20	13F-HR	View on EDGAR
2023-06-30	2023-07-17	13F-HR	View on EDGAR
2023-03-31	2023-05-11	Amendment	View on EDGAR
2023-03-31	2023-04-25	13F-HR	View on EDGAR
2022-12-31	2023-01-17	13F-HR	View on EDGAR
2022-09-30	2022-10-24	13F-HR	View on EDGAR
2022-06-30	2022-07-15	13F-HR	View on EDGAR
2022-03-31	2022-04-21	13F-HR	View on EDGAR
2021-12-31	2022-01-25	Amendment	View on EDGAR
2021-12-31	2022-01-21	13F-HR	View on EDGAR
2021-09-30	2021-10-19	13F-HR	View on EDGAR
2021-06-30	2021-07-16	13F-HR	View on EDGAR
2021-03-31	2021-04-21	13F-HR	View on EDGAR
2020-12-31	2021-01-22	13F-HR	View on EDGAR
2020-09-30	2020-10-15	13F-HR	View on EDGAR
2020-06-30	2020-07-27	13F-HR	View on EDGAR
2020-03-31	2020-04-22	13F-HR	View on EDGAR
2019-12-31	2020-02-18	Amendment	View on EDGAR
2019-12-31	2020-02-03	Amendment	View on EDGAR
2019-12-31	2020-02-03	13F-HR	View on EDGAR
2019-09-30	2019-10-24	13F-HR	View on EDGAR
2019-06-30	2019-08-05	13F-HR	View on EDGAR
2019-03-31	2019-05-07	13F-HR	View on EDGAR
2018-12-31	2019-02-05	13F-HR	View on EDGAR
2018-09-30	2018-11-16	13F-HR	View on EDGAR
2018-06-30	2018-11-16	Amendment	View on EDGAR
2018-06-30	2018-09-06	13F-HR	View on EDGAR
2018-03-31	2018-04-30	13F-HR	View on EDGAR
2017-12-31	2018-02-08	13F-HR	View on EDGAR
2017-09-30	2017-10-13	13F-HR	View on EDGAR
2017-06-30	2017-07-19	13F-HR	View on EDGAR
2017-03-31	2017-05-08	13F-HR	View on EDGAR
2016-12-31	2017-01-31	13F-HR	View on EDGAR
2016-09-30	2016-10-26	13F-HR	View on EDGAR
2016-06-30	2016-08-04	13F-HR	View on EDGAR
2016-03-31	2016-05-04	13F-HR	View on EDGAR
2015-12-31	2016-02-12	13F-HR	View on EDGAR