CIK: 0001411133
Total reported value
$39.9B
Reporting period: 2026-03-31 · Number of holdings: 2550
KBC Group NV disclosed 2550 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $39.9B and a quarterly turnover rate of 31.7%.
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KBC Group NV's disclosed holdings carry a Herfindahl concentration index of 0.021 — mathematically equivalent to about 48 equally-sized positions, well below its 2550 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 6.15), 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 AAPL
+29.6% $402.3M
Trim GOOG
-21.8% -$781.2M
Add NVDA
+12.0% $149.7M
Trim ABT
-57.5% -$329.2M
Trim MSFT
+6.2% -$509.3M
Trim NFLX
-68.9% -$272.8M
KBC Group is rotating capital from fading momentum plays (GOOG, META, AMZN, NFLX) into emerging leaders (AAPL, MSFT), a concentrated alpha hunt within large-cap growth that relies entirely on price continuation. The 100/100 momentum contrarian score confirms this is systematic trend-following, not a macro overlay.
KBC is pricing in a regime where tech leadership narrows to hardware and enterprise software (AAPL, MSFT) at the expense of platforms (GOOG, META), betting that relative strength in these names persists as the AI narrative evolves. The opposing thesis is that this trade is consensus and fully priced: any macro shock—tariffs, regulatory action, or a growth scare—could puncture the momentum and trigger a sharp rotation into value or defensives, exactly the trade KBC is positioned against.
With 1,855 holdings but over 37% in Information Technology, KBC's sector concentration is a hidden risk that diversification alone cannot mitigate. The extreme momentum following (100/100) creates a structural flaw: the strategy buys after the move and sells after the reversal, making it systematically late and susceptible to severe whipsaws in volatile markets. The low position sizing discipline (38.45) adds a further hazard—outsized bets on a handful of names coexist with tiny positions that offer no real portfolio utility.
Sourced and summarized by AI from public SEC filings, limited to historical activity. Not investment guidance.
Showing top 200 holdings (of 2550 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 8.31% | +1.09% | +12.00% | |
| 2 | AAPL | Apple INC | Stock-Tech | 5.81% | +1.44% | +29.62% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 5.55% | -0.65% | +6.19% | |
| 4 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 4.92% | -1.33% | -21.77% | |
| 5 | AMZN | Amazon.com INC | Stock-Consumer Disc | 3.43% | -0.55% | -13.05% | |
| 6 | AVGO | Broadcom INC | Stock-Tech | 2.99% | -0.12% | -2.29% | |
| 7 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.11% | -0.48% | -14.45% | |
| 8 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.69% | -0.31% | -16.16% | |
| 9 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.33% | -0.40% | -18.16% | |
| 10 | TSLA | Tesla INC | Stock-Consumer Disc | 1.07% | -0.26% | -11.07% | |
| 11 | BAC | Bank Of America CORP | Stock-Financials | 1.01% | -0.14% | -9.50% | |
| 12 | C | Citigroup INC | Stock-Financials | 1.00% | — | -8.66% | |
| 13 | GILD | Gilead Sciences INC | Stock-Healthcare | 0.94% | — | -17.41% | |
| 14 | LRCX | Lam Research CORP | Stock-Tech | 0.84% | +0.46% | +60.09% | |
| 15 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.78% | -0.30% | -44.74% | |
| 16 | MS | Morgan Stanley | Stock-Financials | 0.75% | — | +0.17% | |
| 17 | MU | Micron Technology INC | Stock-Tech | 0.73% | -0.11% | -33.23% | |
| 18 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.72% | -0.23% | -24.43% | |
| 19 | GS | Goldman Sachs Group INC | Stock-Financials | 0.70% | — | +11.73% | |
| 20 | LIN | Linde plc | Stock-Materials | 0.65% | — | -22.98% | |
| 21 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 0.61% | — | +1.06% | |
| 22 | PFE | Pfizer INC | Stock-Healthcare | 0.60% | — | -7.85% | |
| 23 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.59% | +0.44% | +286.46% | |
| 24 | V | Visa Inc-class A Shares | Stock-Financials | 0.59% | -0.47% | -41.23% | |
| 25 | CRM | Salesforce INC | Stock-Tech | 0.57% | — | +11.47% | |
| 26 | IBM | Intl Business Machines CORP | Stock-Tech | 0.56% | — | +7.61% | |
| 27 | QCOM | Qualcomm INC | Stock-Tech | 0.56% | — | +30.48% | |
| 28 | MA | Mastercard INC - A | Stock-Financials | 0.56% | — | -0.86% | |
| 29 | AMD | Advanced Micro Devices | Stock-Tech | 0.55% | — | -9.61% | |
| 30 | UBER | Uber Technologies INC | Stock-Industrials | 0.53% | — | -8.11% | |
| 31 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.53% | — | +32.17% | |
| 32 | WELL | Welltower INC | Stock-Real Estate | 0.53% | — | +0.07% | |
| 33 | GEV | GE Vernova INC | Stock-Industrials | 0.50% | — | -2.37% | |
| 34 | GLW | Corning INC | Stock-Tech | 0.48% | +0.21% | +5.37% | |
| 35 | COF | Capital One Financial CORP | Stock-Financials | 0.48% | -0.11% | -2.27% | |
| 36 | ORCL | Oracle CORP | Stock-Tech | 0.47% | -0.13% | -5.64% | |
| 37 | CAH | Cardinal Health INC | Stock-Healthcare | 0.46% | — | -15.37% | |
| 38 | ISRG | Intuitive Surgical INC | Stock-Healthcare | 0.45% | — | -8.46% | |
| 39 | CTVA | Corteva INC | Stock-Materials | 0.44% | +0.24% | +58.83% | |
| 40 | HCA | Hca Healthcare INC | Stock-Healthcare | 0.42% | — | -7.76% | |
| 41 | KMB | Kimberly-clark CORP | Stock-Consumer Staples | 0.41% | +0.34% | +459.85% | |
| 42 | APH | Amphenol Corp-cl A | Stock-Tech | 0.41% | — | +27.99% | |
| 43 | CAT | Caterpillar INC | Stock-Industrials | 0.41% | +0.21% | +47.72% | |
| 44 | SPG | Simon Property Group INC | Stock-Real Estate | 0.39% | — | -6.90% | |
| 45 | FERG | Ferguson Enterprises INC | Stock-Industrials | 0.39% | — | +2.21% | |
| 46 | MNST | Monster Beverage CORP | Stock-Consumer Staples | 0.39% | — | +77.81% | |
| 47 | BSX | Boston Scientific CORP | Stock-Healthcare | 0.38% | -0.28% | -20.49% | |
| 48 | CSCO | Cisco Systems INC | Stock-Tech | 0.38% | — | +22.93% | |
| 49 | CF | Cf Industries Holdings INC | Stock-Materials | 0.38% | — | -1.16% | |
| 50 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.38% | — | +5.21% |
Performance for Q3 2026
+3.8%
Performance Last 4 Quarters
+21.4%
Based on 77% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 2550 | $39.9B | 32 | |
| 2025-12-31 | 2390 | $43.9B | 21 | |
| 2025-09-30 | 2361 | $41.7B | 53 | |
| 2025-06-30 | 2298 | $37.0B | 0 | |
| 2025-03-31 | 2558 | $32.2B | 100 | |
| 2024-12-31 | 2514 | $36.3B | 0 | |
| 2024-09-30 | 2532 | $33.1B | 0 | |
| 2024-06-30 | 2545 | $33.1B | 0 | |
| 2024-03-31 | 2479 | $31.5B | 0 | |
| 2023-12-31 | 2517 | $28.2B | 0 | |
| 2023-09-30 | 2560 | $24.5B | 0 | |
| 2023-06-30 | 2131 | $24.3B | 0 | |
| 2023-03-31 | 2153 | $23.6B | 0 | |
| 2022-12-31 | 2154 | $20.6B | 0 | |
| 2022-09-30 | 2194 | $19.2B | 0 | |
| 2022-06-30 | 2159 | $20.0B | 0 | |
| 2022-03-31 | 1551 | $25.3B | 0 | |
| 2021-12-31 | 1559 | $30.3B | 0 | |
| 2021-09-30 | 1599 | $27.3B | 0 | |
| 2021-06-30 | 1575 | $27.7B | 0 | |
| 2021-03-31 | 1591 | $24.7B | 0 | |
| 2020-12-31 | 1546 | $21.3B | 0 | |
| 2020-09-30 | 1916 | $17.0B | 0 | |
| 2020-06-30 | 1951 | $15.1B | 0 | |
| 2020-03-31 | 1954 | $11.9B | 43 | |
| 2019-12-31 | 2282 | $15.8B | 31 | |
| 2019-09-30 | 2207 | $13.6B | 100 | |
| 2019-06-30 | 2057 | $12.9B | 0 | |
| 2019-03-31 | 1965 | $12.1B | 0 | |
| 2018-12-31 | 1836 | $9.0B | 0 | |
| 2018-09-30 | 1951 | $13.2B | 0 | |
| 2018-06-30 | 1868 | $11.5B | 0 | |
| 2018-03-31 | 1848 | $10.8B | 0 | |
| 2017-12-31 | 1836 | $11.7B | 0 | |
| 2017-09-30 | 1852 | $11.0B | 0 | |
| 2017-06-30 | 1853 | $10.3B | 0 | |
| 2017-03-31 | 1918 | $11.1B | 35 | |
| 2016-12-31 | 1900 | $10.1B | 36 | |
| 2016-09-30 | 1901 | $8.5B | 30 | |
| 2016-06-30 | 1847 | $7.0B | 37 | |
| 2016-03-31 | 1875 | $6.0B | 33 | |
| 2015-12-31 | 1856 | $5.4B | 31 | |
| 2015-09-30 | 2041 | $5.0B | 53 | |
| 2015-06-30 | 2229 | $7.8B | 34 | |
| 2015-03-31 | 2143 | $7.8B | 47 | |
| 2014-12-31 | 2264 | $8.4B | 100 | |
| 2014-09-30 | 2072 | $2.9B | 100 | |
| 2014-06-30 | 2191 | $8.8B | 42 | |
| 2014-03-31 | 2127 | $6.3B | 30 | |
| 2013-12-31 | 2214 | $6.6B | 24 | |
| 2013-09-30 | 2152 | $6.2B | 38 | |
| 2013-06-30 | 2128 | $5.4B | 0 |
KBC Group NV's most significant position changes for 2026-03-31: New buy: Abbvie INC (ABBV); Add: Apple INC (AAPL) — shares +29.62%; Trim: Alphabet Inc-cl C (GOOG) — shares -21.77%; Add: Nvidia CORP (NVDA) — shares +12.00%; Trim: Abbott Laboratories (ABT) — shares -57.50%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AAPL | Apple INC | +1.4% | +29.62% | Add |
| 2 | NVDA | Nvidia CORP | +1.1% | +12.00% | Add |
| 3 | LRCX | Lam Research CORP | +0.5% | +60.09% | Add |
| 4 | BRK-B | Berkshire Hathaway Inc-cl B | +0.4% | +286.46% | Add |
| 5 | KMB | Kimberly-clark CORP | +0.3% | +459.85% | Add |
| 6 | FLEX | Flex Ltd. | +0.3% | +541.53% | Add |
| 7 | TER | Teradyne INC | +0.3% | +1383.46% | Add |
| 8 | CTVA | Corteva INC | +0.2% | +58.83% | Add |
| 9 | INTC | Intel CORP | +0.2% | +201.72% | Add |
| 10 | TEAM | Atlassian Corp-cl A | +0.2% | +1691.18% | Add |
| 11 | GLW | Corning INC | +0.2% | +5.37% | Add |
| 12 | CAT | Caterpillar INC | +0.2% | +47.72% | Add |
| 13 | USB | US Bancorp | +0.2% | +259.01% | Add |
| 14 | ADP | Automatic Data Processing | +0.2% | +228.35% | Add |
| 15 | XOM | Exxon Mobil CORP | +0.2% | +60.02% | Add |
| 16 | MU | Micron Technology INC | -0.1% | -33.23% | Trim |
| 17 | COF | Capital One Financial CORP | -0.1% | -2.27% | Trim |
| 18 | AVGO | Broadcom INC | -0.1% | -2.29% | Trim |
| 19 | APP | Applovin Corp-class A | -0.1% | +2.09% | Add |
| 20 | ORCL | Oracle CORP | -0.1% | -5.64% | Trim |
| 21 | BAC | Bank Of America CORP | -0.1% | -9.50% | Trim |
| 22 | MELI | Mercadolibre INC | -0.2% | -41.35% | Trim |
| 23 | ANET | Arista Networks INC | -0.2% | -44.47% | Trim |
| 24 | PNR | Pentair plc | -0.2% | -60.76% | Trim |
| 25 | STLD | Steel Dynamics INC | -0.2% | -83.76% | Trim |
| 26 | STX | Seagate Technology Holdings plc | -0.2% | -61.63% | Trim |
| 27 | DIS | Walt Disney Co/the | -0.2% | -28.74% | Trim |
| 28 | SNOW | Snowflake INC | -0.2% | -75.88% | Trim |
| 29 | WFC | Wells Fargo & Co | -0.2% | -44.51% | Trim |
| 30 | CVNA | Carvana Co | -0.2% | -80.92% | Trim |
| 31 | MCK | Mckesson CORP | -0.2% | -54.05% | Trim |
| 32 | AMGN | Amgen INC | -0.2% | -55.92% | Trim |
| 33 | CRWD | Crowdstrike Holdings INC - A | -0.2% | -59.39% | Trim |
| 34 | GOOGL | Alphabet Inc-cl A | -0.2% | -24.43% | Trim |
| 35 | IDXX | Idexx Laboratories INC | -0.2% | -44.19% | Trim |
| 36 | NET | Cloudflare INC - Class A | -0.3% | -64.10% | Trim |
| 37 | TSLA | Tesla INC | -0.3% | -11.07% | Trim |
| 38 | BSX | Boston Scientific CORP | -0.3% | -20.49% | Trim |
| 39 | JNJ | Johnson & Johnson | -0.3% | -44.74% | Trim |
| 40 | ALNY | Alnylam Pharmaceuticals INC | -0.3% | -94.11% | Trim |
| 41 | JPM | Jpmorgan Chase & Co | -0.3% | -16.16% | Trim |
| 42 | LLY | Eli Lilly & Co | -0.4% | -18.16% | Trim |
| 43 | V | Visa Inc-class A Shares | -0.5% | -41.23% | Trim |
| 44 | META | Meta Platforms Inc-class A | -0.5% | -14.45% | Trim |
| 45 | AMZN | Amazon.com INC | -0.6% | -13.05% | Trim |
| 46 | NFLX | Netflix INC | -0.6% | -68.95% | Trim |
| 47 | MSFT | Microsoft CORP | -0.7% | +6.19% | Add |
| 48 | ABT | Abbott Laboratories | -0.7% | -57.50% | Trim |
| 49 | GOOG | Alphabet Inc-cl C | -1.3% | -21.77% | Trim |
| 50 | ABBV | Abbvie INC | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-07 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-26 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2026-01-20 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-08 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-25 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-22 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-06 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-17 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-08 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-13 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2024-02-15 | Amendment | View on EDGAR |
| 2023-09-30 | 2023-11-22 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2024-02-15 | Amendment | View on EDGAR |
| 2023-06-30 | 2023-07-28 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2024-02-14 | Amendment | View on EDGAR |
| 2023-03-31 | 2023-05-04 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2024-02-14 | Amendment | View on EDGAR |
| 2022-12-31 | 2023-02-13 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2024-02-15 | Amendment | View on EDGAR |
| 2022-09-30 | 2022-11-08 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2024-02-14 | Amendment | View on EDGAR |
| 2022-06-30 | 2022-07-26 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2024-02-14 | Amendment | View on EDGAR |
| 2022-03-31 | 2022-05-06 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2024-02-14 | Amendment | View on EDGAR |
| 2021-12-31 | 2022-02-03 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-10 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2022-02-15 | Amendment | View on EDGAR |
| 2021-06-30 | 2021-08-11 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2022-02-14 | Amendment | View on EDGAR |
| 2021-03-31 | 2021-04-26 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2022-02-14 | Amendment | View on EDGAR |
| 2020-12-31 | 2021-02-10 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2022-02-14 | Amendment | View on EDGAR |
| 2020-09-30 | 2020-10-28 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2022-02-14 | Amendment | View on EDGAR |
| 2020-06-30 | 2020-08-10 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-04 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-11 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-07 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-12-03 | Amendment | View on EDGAR |
| 2019-06-30 | 2019-08-08 | Amendment | View on EDGAR |
| 2019-06-30 | 2019-07-30 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-12-03 | Amendment | View on EDGAR |
| 2019-03-31 | 2019-08-07 | Amendment | View on EDGAR |
| 2019-03-31 | 2019-05-10 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-12-03 | Amendment | View on EDGAR |
| 2018-12-31 | 2019-01-31 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2019-12-03 | Amendment | View on EDGAR |
| 2018-09-30 | 2018-11-14 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2019-12-03 | Amendment | View on EDGAR |
| 2018-06-30 | 2018-08-03 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2019-12-03 | Amendment | View on EDGAR |
| 2018-03-31 | 2018-08-03 | Amendment | View on EDGAR |
| 2018-03-31 | 2018-05-09 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2019-12-03 | Amendment | View on EDGAR |
| 2017-12-31 | 2018-08-03 | Amendment | View on EDGAR |
| 2017-12-31 | 2018-02-07 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2019-12-03 | Amendment | View on EDGAR |
| 2017-09-30 | 2017-11-13 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2019-12-03 | Amendment | View on EDGAR |
| 2017-06-30 | 2017-08-04 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-10 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-16 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-03 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-03 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-11 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-11 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-12 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-12-16 | Amendment | View on EDGAR |
| 2015-06-30 | 2015-07-31 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-12-16 | Amendment | View on EDGAR |
| 2015-03-31 | 2015-04-30 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-12-15 | Amendment | View on EDGAR |
| 2014-12-31 | 2015-02-12 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-10-16 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-01 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-04-30 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-01-21 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-06 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-07-29 | 13F-HR | View on EDGAR |
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