Banque de Luxembourg S.A.

CIK 2055344 · View on SEC EDGAR ↗

Portfolio value
$212.0M
#6,276 of 9,443 by 13F value · top 66.5%
Positions
78
As of
June 30, 2026

Portfolio value QoQ: +9.8% 13F does not disclose cash

Top 10 holdings weight
65.30%
Top 25 holdings weight
91.70%
Positions above 1%
22
Effective number of positions
16.9

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 2.78% Est. buys $8,216,405 · sells $5,627,107

Median holding: 6.0 quarters Tracked Q4 2024–Q2 2026 · 66.1% still held

New positions
5
Increased
21
Decreased
29
Closed
2
On this page

Performance vs S&P 500

Tracked Q3 2025–Q2 2026
+0.7%
S&P 500 total return (same window)
+13.0%
Excess return
-12.3%

Annualized: +0.9% · S&P 500: +17.7%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 98.7% · Options excluded: 0.0%

Sector breakdown

Technology
26.6%
Communication Services
14.6%
Healthcare
14.0%
Financial Services
9.4%
Energy
5.7%
Retail
5.7%
Industrials
3.6%
Communications
2.7%
Consumer products
0.6%
Consumer Discretionary
0.6%
Financials
0.5%
Materials
0.4%
Consumer Staples
0.4%
Utilities
0.1%
Other/Unmapped
15.2%

Full portfolio 78 positions

Type Streak 8Q trend
SPY SPY $29,498,909 13.92% 39,502 $6,887,888 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $23,667,900 11.16% 66,228 $3,774,212 Down ×5
MSFT Microsoft Corporation - Common Stock $16,074,178 7.58% 43,092 $-183,688 Down ×1
TTE TotalEnergies SE Ordinary Shares $11,698,436 5.52% 150,433 $-3,051,970 Down ×2
V Visa Inc. $11,428,671 5.39% 33,311 $989,301 Down ×2
AMZN Amazon.com, Inc. - Common Stock $11,331,160 5.35% 47,542 $1,182,996 Down ×2
AAPL Apple Inc. - Common Stock $10,643,529 5.02% 36,783 $1,007,123 Down ×2
UNH UnitedHealth Group Incorporated Common Stock (DE) $9,427,735 4.45% 22,683 $2,876,751 Down ×2
MDT Medtronic plc. Ordinary Shares $7,880,734 3.72% 100,738 $-496,675 Up ×1
ADI Analog Devices, Inc. - Common Stock $6,782,472 3.20% 17,077 $1,272,923 Down ×2
SPGI S&P Global Inc. Common Stock $6,182,614 2.92% 15,181 $-438,654 Down ×2
SNPS Synopsys, Inc. - Common Stock $6,150,413 2.90% 13,788 $596,521 Down ×2
ACN Accenture plc Class A Ordinary Shares (Ireland) $5,687,281 2.68% 45,703 $-2,925,049 Up ×1
NVDA NVIDIA Corporation - Common Stock $5,474,262 2.58% 27,359 $803,481 Up ×4
CSCO Cisco Systems, Inc. - Common Stock $5,461,655 2.58% 46,498 $1,889,179 Up ×1
BDX Becton, Dickinson and Company Common Stock $4,792,621 2.26% 31,670 $-315,624 Down ×1
CNI Canadian National Railway Company Common Stock $3,625,017 1.71% 30,377 $472,597 Down ×1
AVGO Broadcom Inc. - Common Stock $3,393,328 1.60% 8,983 $2,473,774 Up ×4
GOOG Alphabet Inc. - Class C Capital Stock $3,029,098 1.43% 8,573 $569,847
ALLE Allegion plc Ordinary Shares $3,017,023 1.42% 21,475 $-84,483 Up ×1
DIS Walt Disney Company (The) Common Stock $2,884,998 1.36% 29,974 $73,883 Up ×1
ICLR ICON plc - Ordinary Shares $2,306,869 1.09% 13,280 $847,596 Up ×1
PG Procter & Gamble Company (The) Common Stock $1,370,644 0.65% 9,347 $7,275 Down ×1
PKW Invesco BuyBack Achievers ETF $1,307,097 0.62% 9,227 $96,061
BK The Bank of New York Mellon Corporation Common Stock $1,275,026 0.60% 8,817 $229,065
BRKB $1,259,482 0.59% 2,517 $53,336
META Meta Platforms, Inc. - Class A Common Stock $1,182,346 0.56% 2,099 $352,757 Up ×3
DHR Danaher Corporation Common Stock $1,145,928 0.54% 6,016 $5,294
AZN AstraZeneca PLC - American Depositary Shares $1,128,856 0.53% 5,968 $93,679 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $1,086,472 0.51% 2,275 $621,115 Up ×1
JPM JP Morgan Chase & Co. Common Stock $849,094 0.40% 2,594 $87,808 Up ×3
NKE Nike, Inc. Common Stock $751,708 0.35% 18,312 $-352,864 Down ×2
BLK BlackRock, Inc. Common Stock $615,398 0.29% 640 $41,257 Up ×3
LLY Eli Lilly and Company Common Stock $609,310 0.29% 508 $114,474 Down ×1
PANW Palo Alto Networks, Inc. - Common Stock $580,416 0.27% 1,702 $201,580 Down ×1
LIN Linde plc - Ordinary Shares $558,505 0.26% 1,076 $-61,195 Down ×1
BSX Boston Scientific Corporation Common Stock $495,344 0.23% 11,606 $-232,933
TMO Thermo Fisher Scientific Inc Common Stock $411,617 0.19% 821 $33,139 Up ×1
FNV Franco-Nevada Corporation $386,022 0.18% 1,850 $-133,774 Down ×1
JNJ Johnson & Johnson Common Stock $370,034 0.17% 1,457 $-51,136 Down ×4
UBER Uber Technologies, Inc. Common Stock $366,356 0.17% 5,077 $14,834 Up ×1
MCD McDonald's Corporation Common Stock $347,078 0.16% 1,284 $-174,117 Down ×1
ENB Enbridge Inc Common Stock $325,329 0.15% 6,000 $191
MRK Merck & Company, Inc. Common Stock (new) $313,026 0.15% 2,436 $-40,867 Down ×2
PEP PepsiCo, Inc. - Common Stock $306,410 0.14% 2,263 $-94,704 Down ×2
KO Coca-Cola Company (The) Common Stock $278,919 0.13% 3,432 $44,077 Up ×1
UNP Union Pacific Corporation Common Stock $273,088 0.13% 1,004 $29,498
COST Costco Wholesale Corporation - Common Stock $262,867 0.12% 281 $-17,130
CMCSA Comcast Corporation - Class A Common Stock $254,731 0.12% 10,376 $-43,164
ANET Arista Networks, Inc. Common Stock $233,755 0.11% 1,376 $64,810
ZTS Zoetis Inc. Class A Common Stock $224,922 0.11% 3,130 $-145,075
MA Mastercard Incorporated Common Stock $214,685 0.10% 418 $5,827
WAT Waters Corporation Common Stock $195,771 0.09% 522 $37,937 Down ×2
ABBV AbbVie Inc. Common Stock $195,524 0.09% 777 $26,534
MICC The Magnum Ice Cream Company N.V. Ordinary Shares $193,243 0.09% 11,074 $30,686 Up ×1
WMT Walmart Inc. - Common Stock $188,238 0.09% 1,662 $-58,458 Down ×2
CARR Carrier Global Corporation Common Stock $184,695 0.09% 2,518 $-21,963 Down ×1
AMGN Amgen Inc. - Common Stock $181,422 0.09% 501 $5,145
MSCI MSCI Inc. Common Stock $168,012 0.08% 300 $6,309
ADBE Adobe Inc. - Common Stock $153,765 0.07% 750 $-65,007 Down ×2
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $152,992 0.07% 1,594 $25,148 Up ×2
BAC Bank of America Corporation Common Stock $122,450 0.06% 2,149 $64,535 Up ×1
TSLA Tesla, Inc. - Common Stock $114,403 0.05% 272 $62,730 Up ×1
FSLR First Solar, Inc. - Common Stock $100,047 0.05% 424 $16,409
HD Home Depot, Inc. (The) Common Stock $97,340 0.05% 276 $-36,847 Down ×2
AMAT Applied Materials, Inc. - Common Stock $96,882 0.05% 134 Up ×1
LOW Lowe's Companies, Inc. Common Stock $89,078 0.04% 404 $-6,379
BUD Anheuser-Busch Inbev SA Sponsored ADR (Belgium) $85,943 0.04% 1,043 $13,590
LRCX Lam Research Corporation - Common Stock $82,333 0.04% 190 Up ×1
SRE DBA Sempra Common Stock $72,128 0.03% 778 $-3,470
XYL Xylem Inc. Common Stock New $70,926 0.03% 600 $-774
Unknown issuer (CUSIP: 438516205) $56,199 0.03% 251 Up ×1
Unknown issuer (CUSIP: 43849R105) $55,300 0.03% 251 Up ×1
CEG Constellation Energy Corporation - Common Stock When-Issued $46,942 0.02% 189 Up ×1
LW Lamb Weston Holdings, Inc. Common Stock $33,637 0.02% 779 $716
CAT Caterpillar, Inc. Common Stock $23,428 0.01% 22 $-39,625 Down ×2
CRM Salesforce, Inc. Common Stock $4,386 0.00% 28 $-16,521 Down ×2
VSNT Versant Media Group, Inc. - Class A Common Stock $1,152 0.00% 32 $-33

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
NVDA $5,474,262 2.58% up ×4
AVGO $3,393,328 1.60% up ×4
META $1,182,346 0.56% up ×3
JPM $849,094 0.40% up ×3
BLK $615,398 0.29% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
AMAT $96,882 134 0.05%
LRCX $82,333 190 0.04%
Unknown issuer (CUSIP: 438516205) $56,199 251 0.03%
Unknown issuer (CUSIP: 43849R105) $55,300 251 0.03%
CEG $46,942 189 0.02%

Top movers (QoQ)

Security Action Shares Δ Value Δ
SPY Bought more +5K +$6.9M
GOOGL Trimmed -3K +$3.8M
TTE Trimmed -7K -$3.1M
ACN Bought more +2K -$2.9M
UNH Trimmed -2K +$2.9M
AVGO Bought more +6K +$2.5M
CSCO Bought more +455 +$1.9M
ADI Trimmed -241 +$1.3M
AMZN Trimmed -1K +$1.2M
AAPL Trimmed -1K +$1.0M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
COP Sept. 30, 2025 20,436 $2,146,189 43.2%
KHC March 31, 2025 49,015 $1,511,288 -16.3%
YUMC March 31, 2026 1,000 $504,425 0.6%
ABT March 31, 2025 4,239 $481,396 -13.8%
KKR March 31, 2026 3,003 $382,822 17.4%
MRVL March 31, 2026 4,379 $372,127 148.7%
SHW June 30, 2026 924 $296,188 1.1%
ROK March 31, 2026 547 $212,821 21.7%
NOW Sept. 30, 2025 261 $207,793 -29.5%
QCOM March 31, 2026 1,197 $204,747 25.0%
RMD Dec. 31, 2025 600 $164,238 -4.6%
BKNG March 31, 2026 27 $144,594 22.9%
EW March 31, 2025 1,824 $135,572 23.3%
AMD March 31, 2025 1,114 $135,100 358.2%
MU Sept. 30, 2025 1,547 $134,419 488.5%
GLD March 31, 2025 545 $132,490 No longer tracked
ECL March 31, 2026 500 $131,260 5.6%
IEX March 31, 2026 700 $124,558 24.4%
CLX Dec. 31, 2025 1,000 $123,300 4.6%
HON June 30, 2026 502 $113,467 -1.9%
ROP Sept. 30, 2025 192 $113,199 -18.8%
ELV March 31, 2026 310 $108,671 36.6%
SLB March 31, 2026 2,691 $103,281 4.7%
CCU March 31, 2026 6,623 $84,509 6.3%
VRSK Sept. 30, 2025 267 $79,465 -26.0%
BABA March 31, 2025 905 $77,043 -7.6%
IWM March 31, 2026 294 $72,371 No longer tracked
PYPL March 31, 2026 1,095 $63,926 37.6%
XOM Sept. 30, 2025 475 $56,492 47.6%
ANSS Sept. 30, 2025 176 $55,715 No longer tracked
KOF March 31, 2026 547 $51,806 16.8%
LKQ March 31, 2026 1,568 $47,354 -11.5%
YMM March 31, 2026 4,138 $44,401 4.9%
HON March 31, 2025 167 $37,875 10.0%
ADP March 31, 2026 120 $30,868 37.3%
FISV Sept. 30, 2025 125 $27,604 -60.0%
MDLZ Dec. 31, 2025 435 $27,174 19.1%
VRTX Sept. 30, 2025 40 $19,393 39.6%
NFLX Sept. 30, 2025 20 $18,651 -93.4%
GOLD Sept. 30, 2025 900 $17,496 80.4%
CBT Sept. 30, 2025 135 $11,224 12.2%
FCX Sept. 30, 2025 250 $9,465 96.6%