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Latest Covea Finance Stock Portfolio

$2.12Billion– No. of Holdings #106

Covea Finance Performance:
2024 Q1: 8.64%YTD: 8.64%2023: 17.6%

Performance for 2024 Q1 is 8.64%, and YTD is 8.64%, and 2023 is 17.6%.

About Covea Finance and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, Covea Finance reported an equity portfolio of $2.1 Billions as of 31 Mar, 2024.

The top stock holdings of Covea Finance are MSFT, NVDA, AAPL. The fund has invested 7.5% of it's portfolio in MICROSOFT CORP and 4.5% of portfolio in NVIDIA CORPORATION.

The fund managers got completely rid off DEERE & CO (DE), BAKER HUGHES COMPANY (BKR) and UNITEDHEALTH GROUP INC (UNH) stocks. They significantly reduced their stock positions in HUBBELL INC (HUBB), KEYSIGHT TECHNOLOGIES INC (KEYS) and ROCKWELL AUTOMATION INC (ROK). Covea Finance opened new stock positions in BROADCOM INC (AVGO), GLOBUS MED INC (GMED) and COOPER COS INC (COO). The fund showed a lot of confidence in some stocks as they added substantially to ITT INC (ITT), SIMPLY GOOD FOODS CO (SMPL) and PROCTER AND GAMBLE CO (PG).
Covea Finance Equity Portfolio Value
Last Reported on: 19 Apr, 2024

Covea Finance Annual Return Estimates Vs S&P 500

Our best estimate is that Covea Finance made a return of 8.64% in the last quarter. In trailing 12 months, it's portfolio return was 20.77%.

New Buys

Ticker$ Bought
broadcom inc50,233,000
globus med inc16,918,100
cooper cos inc3,855,480
merck & co inc3,628,620
woodward inc3,236,520
macom tech solutions hldgs i2,391,000
eagle matls inc2,309,880
bwx technologies inc1,282,750

New stocks bought by Covea Finance

Additions to existing portfolio by Covea Finance

Reductions

Ticker% Reduced
hubbell inc-72.5
keysight technologies inc-51.85
rockwell automation inc-40.64
lauder estee cos inc-39.77
teledyne technologies inc-36.75
oshkosh corp-34.00
ansys inc-29.23
roper technologies inc-28.71

Covea Finance reduced stake in above stock

Sold off

Ticker$ Sold
baker hughes company-22,998,000
on semiconductor corp-9,572,540
deere & co-32,057,200
dollar gen corp new-7,433,750
unitedhealth group inc-22,848,800
zurn elkay water solns corp-1,176,400
fox factory hldg corp-1,754,480
veralto corp-1,381,720

Covea Finance got rid off the above stocks

Sector Distribution

Covea Finance has about 28.6% of it's holdings in Technology sector.

Sector%
Technology28.6
Industrials14.3
Healthcare14
Consumer Cyclical10.8
Consumer Defensive7.7
Communication Services6
Utilities4.4
Others4.1
Energy3.1
Basic Materials2.4
Real Estate2.3
Financial Services2.2

Market Cap. Distribution

Covea Finance has about 92.5% of it's portfolio invested in the large-cap and mega-cap stocks.

Category%
LARGE-CAP57.1
MEGA-CAP35.4
UNALLOCATED4.1
MID-CAP3.4

Stocks belong to which Index?

About 0% of the stocks held by Covea Finance either belong to S&P 500 or RUSSELL 2000 index.

Index%
Others100
Top 5 Winners (%)%
NVDA
nvidia corporation
78.9 %
COHR
coherent corp
39.3 %
DIS
disney walt co
30.3 %
TRGP
targa res corp
28.5 %
HWM
howmet aerospace inc
26.2 %
Top 5 Winners ($)$
NVDA
nvidia corporation
45.7 M
MSFT
microsoft corp
17.3 M
DIS
disney walt co
13.0 M
NFLX
netflix inc
11.3 M
AMZN
amazon com inc
11.1 M
Top 5 Losers (%)%
MKTX
marketaxess hldgs inc
-25.1 %
LULU
lululemon athletica inc
-21.2 %
DT
dynatrace inc
-15.1 %
ADBE
adobe inc
-14.9 %
ZTS
zoetis inc
-14.2 %
Top 5 Losers ($)$
AAPL
apple inc
-8.6 M
ZTS
zoetis inc
-7.0 M
ADBE
adobe inc
-6.0 M
AWK
american wtr wks co inc new
-2.7 M
ROK
rockwell automation inc
-2.4 M

Covea Finance Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Covea Finance

Covea Finance has 106 stocks in it's portfolio. About 33.3% of the portfolio is in top 10 stocks. AAPL proved to be the most loss making stock for the portfolio. NVDA was the most profitable stock for Covea Finance last quarter.

Last Reported on: 19 Apr, 2024
TickerNamesorted ascending% PortfolioShares Held$ ValueType% ChangeOptions