CAISSE DES DEPOTS ET CONSIGNATIONS' Q1 2025 13F: 8 new positions, 26 exits
Form 13F-HR for the quarter ended Mar 31, 2025 · filed May 12, 2025 · 204 reported positions · accession 0001104659-25-046981
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | UBS GROUP AG (UBS) | 11.5% | 12.1% | +0.6 pts | −502K sh | −6% |
| Increased | TRANE TECHNOLOGIES PLC (TT) | 4.8% | 5.0% | +0.2 pts | +42,313 sh | +16% |
| Reduced | LINDE PLC (LIN) | 15.1% | 15.7% | +0.7 pts | −29,271 sh | −4% |
| Increased | INGERSOLL RAND INC (IR) | 2.3% | 2.6% | +0.3 pts | +155K sh | +29% |
| Increased | MASTERCARD INCORPORATED (MA) | 0.1% | 0.5% | +0.4 pts | +14,404 sh | +252% |
| New | BERKSHIRE HATHAWAY INC DEL (BRK-B) | — | 0.4% | +0.4 pts | +13,838 sh | new |
| Increased | NETFLIX INC (NFLX) | 0.1% | 0.4% | +0.3 pts | +7,342 sh | +339% |
| Increased | COSTCO WHSL CORP NEW (COST) | 0.2% | 0.5% | +0.3 pts | +6,168 sh | +138% |
| Increased | TESLA INC (TSLA) | 0.8% | 0.8% | 0.0 pts | +22,188 sh | +54% |
| New | SERVICENOW INC (NOW) | — | 0.3% | +0.3 pts | +7,221 sh | new |
| Exited | Vici Pptys Inc (VICI) | 0.2% | — | −0.2 pts | −127K sh | −100% |
| Reduced | FORD MTR CO (F) | 0.2% | 0.0% | −0.2 pts | −350K sh | −92% |
| Reduced | ALLY FINL INC (ALLY) | 0.2% | 0.0% | −0.2 pts | −95,060 sh | −94% |
| Exited | Textron Inc (TXT) | 0.1% | — | −0.1 pts | −39,803 sh | −100% |
| Reduced | PG&E CORP (PCG) | 0.2% | 0.1% | −0.2 pts | −165K sh | −73% |
| New | RIVIAN AUTOMOTIVE INC (RIVN) | — | 0.1% | +0.1 pts | +225K sh | new |
| Reduced | KRAFT HEINZ CO (KHC) | 0.1% | 0.0% | −0.1 pts | −85,256 sh | −97% |
| Exited | KB Home (KBH) | 0.1% | — | −0.1 pts | −37,791 sh | −100% |
| New | BOOKING HOLDINGS INC (BKNG) | — | 0.1% | +0.1 pts | +453 sh | new |
| Increased | STARBUCKS CORP (SBUX) | 0.2% | 0.3% | +0.1 pts | +20,335 sh | +60% |
| Reduced | HEWLETT PACKARD ENTERPRISE C (HPE) | 0.2% | 0.1% | −0.1 pts | −112K sh | −52% |
| Exited | Regions Financial Corp New (RF) | 0.1% | — | −0.1 pts | −71,979 sh | −100% |
| Exited | Ryder Sys Inc (R) | 0.1% | — | −0.1 pts | −10,726 sh | −100% |
| Reduced | BRIGHTHOUSE FINL INC (BHF) | 0.2% | 0.2% | 0.0 pts | −29,024 sh | −32% |
| Reduced | ADT INC DEL (ADT) | 0.1% | 0.1% | 0.0 pts | −176K sh | −46% |
| Reduced | CARETRUST REIT INC (CTRE) | 0.1% | 0.1% | −0.1 pts | −49,824 sh | −55% |
| New | REDDIT INC (RDDT) | — | 0.1% | +0.1 pts | +12,849 sh | new |
| Reduced | OLD REP INTL CORP (ORI) | 0.2% | 0.1% | 0.0 pts | −32,147 sh | −29% |
| Reduced | BROADCOM INC (AVGO) | 1.3% | 0.9% | −0.4 pts | −7,488 sh | −6% |
| Reduced | JACKSON FINANCIAL INC (JXN) | 0.2% | 0.2% | −0.1 pts | −14,808 sh | −26% |
| Exited | Knife River Corp (KNF) | 0.1% | — | −0.1 pts | −11,110 sh | −100% |
| Exited | Warner Brothers Discovery Inc (WBD) | 0.1% | — | −0.1 pts | −102K sh | −100% |
| Increased | EQUITABLE HLDGS INC (EQH) | 0.2% | 0.3% | +0.1 pts | +20,643 sh | +24% |
| Exited | Toll Brothers Inc (TOL) | 0.1% | — | −0.1 pts | −8,362 sh | −100% |
| Reduced | GILEAD SCIENCES INC (GILD) | 0.4% | 0.4% | 0.0 pts | −9,488 sh | −11% |
| Increased | UBER TECHNOLOGIES INC (UBER) | 0.2% | 0.3% | +0.1 pts | +13,752 sh | +18% |
| Exited | Molson Coors Beverage Co (TAP) | 0.0% | — | 0.0 pts | −17,089 sh | −100% |
| Increased | ELI LILLY & CO (LLY) | 0.3% | 0.4% | +0.1 pts | +1,198 sh | +14% |
| Reduced | DONALDSON INC (DCI) | 0.1% | 0.0% | 0.0 pts | −14,594 sh | −61% |
| Reduced | TRUIST FINL CORP (TFC) | 0.1% | 0.1% | −0.1 pts | −23,463 sh | −45% |
| New | AMERICAN TOWER CORP NEW (AMT) | — | 0.0% | 0.0 pts | +4,429 sh | new |
| Reduced | COTY INC (COTY) | 1.0% | 0.7% | −0.3 pts | −174K sh | −6% |
| Reduced | STARWOOD PPTY TR INC (STWD) | 0.1% | 0.0% | 0.0 pts | −46,403 sh | −58% |
| Reduced | GE AEROSPACE (GE) | 0.4% | 0.4% | 0.0 pts | −4,151 sh | −8% |
| Reduced | BOSTON SCIENTIFIC CORP (BSX) | 0.4% | 0.4% | 0.0 pts | −8,025 sh | −9% |
| Exited | GE Vernova Inc (GEV) | 0.0% | — | 0.0 pts | −2,336 sh | −100% |
| Reduced | VISA INC (V) | 3.1% | 3.3% | +0.2 pts | −2,234 sh | −1% |
| Increased | PROCTER AND GAMBLE CO (PG) | 0.5% | 0.5% | 0.0 pts | +4,445 sh | +8% |
| Increased | HEALTHPEAK PROPERTIES INC (PEAK) | 0.0% | 0.1% | 0.0 pts | +37,118 sh | +98% |
| Reduced | COCA COLA CO (KO) | 0.5% | 0.5% | 0.0 pts | −10,163 sh | −6% |
The 50 largest of 133 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- QIAGEN NV (QGEN): N72482149 → N72482206, 1.25M → 1.35M shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 59.8% of the equity book
No changes in the top 10 this quarter
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | LINDE PLC (LIN) | 15.1% | 15.7% | |
| 2 | UBS GROUP AG (UBS) | 11.5% | 12.1% | |
| 3 | ALCON AG (ALC) | 8.1% | 10.1% | |
| 4 | TRANE TECHNOLOGIES PLC (TT) | 4.8% | 5.0% | |
| 5 | APPLE INC (AAPL) | 3.9% | 3.3% | |
| 6 | VISA INC (V) | 3.1% | 3.3% | |
| 7 | NVIDIA CORPORATION (NVDA) | 3.3% | 2.7% | |
| 8 | INGERSOLL RAND INC (IR) | 2.3% | 2.6% | |
| 9 | QIAGEN NV (QGEN) | 2.7% | 2.6% | |
| 10 | MICROSOFT CORP (MSFT) | 2.7% | 2.4% |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).