BNP Paribas Asset Management Holding S.A.

13F equity value

$99.8B

Positions

2,257

Top 10 concentration

28.1%

Quarters / total new picks

51 / 3,046

13F equity value over time

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 51 quarters, returned +1.6% per quarter — versus +2.0% per quarter from simply owning every 13F stock. It beat that baseline in only 31.4% of quarters (excess t = -0.04, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess

-0.0%

t-stat

-0.04

Quarterly win rate

31%

Annualized excess

-2.7%

$1 → follow vs universe

$1.73 vs $2.39

Cumulative return: $1 invested in new picks vs universe

Quarterly compounding, invested quarters only · entry after the actual SEC deadline plus a 2-day buffer

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 2257 · 2026 Q2

Ticker	Value	Weight	QoQ
NVDA	$5.9B	5.9%	HOLD
AAPL	$4.3B	4.3%	HOLD
MSFT	$3.8B	3.8%	ADD +8%
GOOGL	$3.1B	3.1%	ADD +8%
AMZN	$2.9B	2.9%	ADD +3%
AVGO	$2.1B	2.1%	ADD +3%
AMD	$1.7B	1.7%	TRIM −31%
GOOG	$1.5B	1.5%	ADD +6%
AZN	$1.4B	1.4%	HOLD
META	$1.3B	1.3%	HOLD
AMAT	$1.3B	1.3%	ADD +13%
MU	$1.2B	1.2%	TRIM −20%
LLY	$1.2B	1.2%	TRIM −14%
LRCX	$1.1B	1.1%	TRIM −28%
PANW	$997M	1.0%	TRIM −11%
TSLA	$982M	1.0%	TRIM −7%
V	$817M	0.8%	ADD +10%
KLAC	$812M	0.8%	ADD +38%
TSM	$808M	0.8%	ADD +3%
INTC	$749M	0.8%	TRIM −28%

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q2

ADAM ALMS ARX AVO AXTI BATRA BCAX BELFA BKH BRSP BV BW CBC CENT CEVA CFFN CLVT CNNE CNS CSTM CTEV CTMX EFC EFXT EGBN EGO EIG ENLT.TA FBRT FG

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry is the first trading session after the actual SEC filing deadline plus a 2-day buffer. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.