KC
Kepler Cheuvreux: 13F Stock Holdings & Portfolio (Q3 2026)
Kepler CheuvreuxCIK: 0002096459
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$1.6B
Reporting period: 2026-09-30 · Number of holdings: 234
Kepler Cheuvreux disclosed 234 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $1.6B and a quarterly turnover rate of 50.8%.
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Personality snowflake
- Concentration
- 8.24
- Portfolio Stability
- 50.77
- Momentum
- 100
- Sector conviction
- 53.29
- Diversification
- 100
- Sizing Uniformity
- 83.25
Kepler Cheuvreux's disclosed holdings carry a Herfindahl concentration index of 0.021 — mathematically equivalent to about 49 equally-sized positions, well below its 234 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 1.67), 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim CAT
-89.6% -$36.4M
Trim KLAC
-58.1% -$36.2M
Add NVDA
+19.2% $25.1M
Trim CSCO
-43.1% -$26.6M
Add JNJ
+92.4% $21.9M
New buy HPE
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 184 holdings (of 234 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 5.74% | +1.77% | +19.21% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 4.42% | +0.34% | -11.37% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 3.49% | +0.92% | -7.00% | |
| 4 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.33% | +0.38% | +10.23% | |
| 5 | ABBV | Abbvie Inc | Stock-Healthcare | 3.31% | +0.30% | -0.48% | |
| 6 | VZ | Verizon Communications Inc | Stock-Comm Services | 3.25% | +1.15% | +34.38% | |
| 7 | MU | Micron Technology Inc | Stock-Tech | 2.75% | -0.34% | -9.27% | |
| 8 | JNJ | Johnson & Johnson | Stock-Healthcare | 2.65% | +1.41% | +92.43% | |
| 9 | NTAP | Netapp Inc | Stock-Tech | 2.51% | +0.41% | -17.03% | |
| 10 | MRK | Merck & Co. Inc. | Stock-Healthcare | 2.47% | +0.98% | +37.95% | |
| 11 | RY | Royal Bank Of Canada | Stock-Financials | 2.42% | +0.36% | +16.35% | |
| 12 | GILD | Gilead Sciences Inc | Stock-Healthcare | 2.40% | +0.96% | +33.26% | |
| 13 | LRCX | Lam Research CORP | Stock-Tech | 2.17% | -0.76% | -8.02% | |
| 14 | KO | Coca-cola Co/the | Stock-Consumer Staples | 2.16% | +0.38% | +7.61% | |
| 15 | AME | Ametek Inc | Stock-Industrials | 2.12% | +0.87% | +55.86% | |
| 16 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 2.07% | — | +7.66% | |
| 17 | CAH | Cardinal Health Inc | Stock-Healthcare | 2.04% | -0.46% | -17.92% | |
| 18 | PFE | Pfizer Inc | Stock-Healthcare | 2.02% | +0.08% | -17.14% | |
| 19 | ROST | Ross Stores Inc | Stock-Consumer Disc | 1.98% | +0.67% | +29.35% | |
| 20 | ENB | Enbridge Inc | Stock-Energy | 1.89% | -0.42% | -10.31% | |
| 21 | CSCO | Cisco Systems Inc | Stock-Tech | 1.76% | -1.42% | -43.12% | |
| 22 | BNS | Bank Of Nova Scotia | Stock-Financials | 1.70% | +0.07% | -6.51% | |
| 23 | BMO | Bank Of Montreal | Stock-Financials | 1.66% | +0.75% | +79.80% | |
| 24 | SPG | Simon Property Group Inc | Stock-Real Estate | 1.42% | +0.12% | +15.08% | |
| 25 | RPRX | Royalty Pharma plc | Stock-Healthcare | 1.39% | +0.88% | +144.13% | |
| 26 | MFC | Manulife Financial CORP | Stock-Financials | 1.39% | +0.78% | +101.43% | |
| 27 | EXPD | Expeditors Intl Wash Inc | Stock-Industrials | 1.28% | +0.86% | +152.25% | |
| 28 | QCOM | Qualcomm Inc | Stock-Tech | 1.26% | -0.24% | -20.57% | |
| 29 | HPE | Hewlett Packard Enterprise | Stock-Tech | 1.24% | +1.24% | NEW | |
| 30 | LIN | Linde plc | Stock-Materials | 1.19% | -0.05% | -0.86% | |
| 31 | AER | AerCap Holdings N.V. | Stock-Industrials | 1.01% | +0.34% | +44.92% | |
| 32 | BAP | Credicorp Ltd. | Stock-Financials | 1.01% | -0.25% | -22.59% | |
| 33 | AMGN | Amgen Inc | Stock-Healthcare | 0.99% | +0.46% | +52.60% | |
| 34 | AMAT | Applied Materials Inc | Stock-Tech | 0.92% | -0.24% | +5.19% | |
| 35 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.87% | -0.10% | -12.68% | |
| 36 | KLAC | Kla CORP | Stock-Tech | 0.82% | -2.02% | -58.12% | |
| 37 | BNY | Bank Of New York Mellon CORP | Stock-Financials | 0.80% | -0.07% | -13.25% | |
| 38 | EXPE | Expedia Group Inc | Stock-Consumer Disc | 0.75% | +0.14% | +12.56% | |
| 39 | PEG | Public Service Enterprise Gp | Stock-Utilities | 0.74% | -0.25% | -15.75% | |
| 40 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.72% | -0.83% | -66.05% | |
| 41 | SLF | Sun Life Financial Inc | Stock-Financials | 0.72% | +0.58% | +401.31% | |
| 42 | TEL | TE Connectivity plc | Stock-Tech | 0.67% | -0.05% | -15.66% | |
| 43 | SNA | Snap-on Inc | Stock-Industrials | 0.67% | -0.14% | -13.59% | |
| 44 | ADI | Analog Devices Inc | Stock-Tech | 0.64% | -0.01% | -7.56% | |
| 45 | USB | US Bancorp | Stock-Financials | 0.64% | +0.64% | NEW | |
| 46 | T | At&t Inc | Stock-Comm Services | 0.62% | -0.63% | -60.38% | |
| 47 | ADP | Automatic Data Processing | Stock-Tech | 0.59% | +0.59% | +15845.57% | |
| 48 | SLB | Slb LTD | Stock-Energy | 0.55% | +0.41% | +243.23% | |
| 49 | GWW | Ww Grainger Inc | Stock-Industrials | 0.54% | +0.54% | NEW | |
| 50 | MTB | M & T Bank CORP | Stock-Financials | 0.50% | +0.48% | +3323.59% |
1–50 of 184
Portfolio Performance
Performance for Q4 2026
+2.2%
Performance Last 4 Quarters
+15.4%
- Stdev
- +11.7%
- Beta
- +0.81
- Alpha
- +4.7%
- Max Drawdown
- -5%
- Annualized Perf
- +16.9%
- Batting Avg vs S&P
- +63.6%
- Sortino
- +3.12
- Stutzer
- +0.43
- Treynor
- +0.2
- Sterling
- —
- Calmar
- +3.37
- Information Ratio
- +0.49
- Tracking Error
- +4.3%
- Stdev Down
- +5.2%
- Winning Months %
- +72.7%
- Losing Months %
- +27.3%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.61
- Sharpe
- +1.39
- Stdev Sectors
- +8.9%
- Skewness
- +0.4
- Kurtosis
- +0.66
- Upside Potential
- +4.2
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Kepler Cheuvreux's most significant position changes for 2026-09-30: New buy: Hewlett Packard Enterprise (HPE); Sold out: Cdw Corp/de (CDW); Sold out: Medtronic plc (MDT); Sold out: Oracle CORP (ORCL); New buy: US Bancorp (USB).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +1.8% | +19.21% | Add |
| 2 | JNJ | Johnson & Johnson | +1.4% | +92.43% | Add |
| 3 | HPE | Hewlett Packard Enterprise | +1.2% | NEW | New buy |
| 4 | VZ | Verizon Communications Inc | +1.2% | +34.38% | Add |
| 5 | MRK | Merck & Co. Inc. | +1% | +37.95% | Add |
| 6 | GILD | Gilead Sciences Inc | +1% | +33.26% | Add |
| 7 | MSFT | Microsoft CORP | +0.9% | -7.00% | Trim |
| 8 | RPRX | Royalty Pharma plc | +0.9% | +144.13% | Add |
| 9 | AME | Ametek Inc | +0.9% | +55.86% | Add |
| 10 | EXPD | Expeditors Intl Wash Inc | +0.9% | +152.25% | Add |
| 11 | MFC | Manulife Financial CORP | +0.8% | +101.43% | Add |
| 12 | BMO | Bank Of Montreal | +0.8% | +79.80% | Add |
| 13 | ROST | Ross Stores Inc | +0.7% | +29.35% | Add |
| 14 | USB | US Bancorp | +0.6% | NEW | New buy |
| 15 | ADP | Automatic Data Processing | +0.6% | +15845.57% | Add |
| 16 | SLF | Sun Life Financial Inc | +0.6% | +401.31% | Add |
| 17 | GWW | Ww Grainger Inc | +0.5% | NEW | New buy |
| 18 | MTB | M & T Bank CORP | +0.5% | +3323.59% | Add |
| 19 | AMGN | Amgen Inc | +0.5% | +52.60% | Add |
| 20 | MGA | Magna International Inc | +0.5% | NEW | New buy |
| 21 | BAC | Bank Of America CORP | +0.5% | +1018.26% | Add |
| 22 | SLB | Slb LTD | +0.4% | +243.23% | Add |
| 23 | NTAP | Netapp Inc | +0.4% | -17.03% | Trim |
| 24 | DIS | Walt Disney Co/the | +0.4% | +738.15% | Add |
| 25 | FFIV | F5 Inc | +0.4% | NEW | New buy |
| 26 | PFG | Principal Financial Group | +0.4% | +1227.85% | Add |
| 27 | EIX | Edison International | +0.4% | +654.22% | Add |
| 28 | KO | Coca-cola Co/the | +0.4% | +7.61% | Add |
| 29 | GOOGL | Alphabet Inc-cl A | +0.4% | +10.23% | Add |
| 30 | RY | Royal Bank Of Canada | +0.4% | +16.35% | Add |
| 31 | PBA | Pembina Pipeline CORP | +0.4% | NEW | New buy |
| 32 | AER | AerCap Holdings N.V. | +0.3% | +44.92% | Add |
| 33 | AAPL | Apple Inc | +0.3% | -11.37% | Trim |
| 34 | MNST | Monster Beverage CORP | +0.3% | NEW | New buy |
| 35 | ABBV | Abbvie Inc | +0.3% | -0.48% | Trim |
| 36 | FTNT | Fortinet Inc | +0.3% | NEW | New buy |
| 37 | ELV | Elevance Health Inc | +0.3% | NEW | New buy |
| 38 | UNH | Unitedhealth Group Inc | +0.3% | +668.69% | Add |
| 39 | ✓ | Carnival CORP LTD F | +0.2% | NEW | New buy |
| 40 | CI | THE Cigna Group | +0.2% | +348.05% | Add |
| 41 | ✓ | +0.2% | NEW | New buy | |
| 42 | CLX | Clorox Company | +0.2% | NEW | New buy |
| 43 | UPS | United Parcel Service-cl B | +0.1% | NEW | New buy |
| 44 | EXPE | Expedia Group Inc | +0.1% | +12.56% | Add |
| 45 | DGX | Quest Diagnostics Inc | +0.1% | NEW | New buy |
| 46 | SPG | Simon Property Group Inc | +0.1% | +15.08% | Add |
| 47 | EBAY | Ebay Inc | +0.1% | +31.54% | Add |
| 48 | EOG | Eog Resources Inc | +0.1% | +11.66% | Add |
| 49 | PFE | Pfizer Inc | +0.1% | -17.14% | Trim |
| 50 | BNS | Bank Of Nova Scotia | +0.1% | -6.51% | Trim |
1–50 of 200
Filing History
FAQ
What is Kepler Cheuvreux and what type of investor is it?
Kepler Cheuvreux 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 (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $1.6B, spread across 234 disclosed positions.
What are Kepler Cheuvreux's largest equity positions?
Based on the latest 13F filing, Kepler Cheuvreux's top holdings by market value are:
1. Nvidia CORP (NVDA) — $94.4M (5.7%)
2. Apple Inc (AAPL) — $72.7M (4.4%)
3. Microsoft CORP (MSFT) — $57.4M (3.5%)
4. Alphabet Inc-cl A (GOOGL) — $54.8M (3.3%)
5. Abbvie Inc (ABBV) — $54.4M (3.3%)
What changes did Kepler Cheuvreux make in its most recent portfolio filing?
In the latest reported quarter, Kepler Cheuvreux made 200 notable position adjustments: 38 new positions were initiated, 44 existing holdings were added to, 102 positions were partially reduced, and 16 were completely exited. The largest of these moves: New buy: Hewlett Packard Enterprise (HPE); Sold out: Cdw Corp/de (CDW); Sold out: Medtronic plc (MDT); Sold out: Oracle CORP (ORCL); New buy: US Bancorp (USB)
What sectors does Kepler Cheuvreux focus on?
Kepler Cheuvreux is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 31.6%
• Health Care: 18.8%
• Financials: 14.1%
• Communication Services: 9.5%
• Consumer Discretionary: 7.4%
• Industrials: 7.0%
* 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.
Investment Profile
Kepler Cheuvreux returned an annualized 16.9% over the trailing 11 months — outperforming the S&P 500 by 4.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.81 (less volatile than the market) and a 64% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 31.6% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 51 over the past 4 quarters — a shift toward more active trading.
It has added to its VZ position over the past two quarters (+$51.7M, now $53.4M), while trimming V over the same stretch (-$37.3M, still holding $1.6M).
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Developer Access
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