Q3 2025 · 13F-HR
BLI - Banque de Luxembourg Investmentsholdings as filed
Filed 2025-11-10 · accession 0002052594-25-000007
$3.43B
Reported value
170
Positions
2025-09-30
Period end
The Brief · BLI - Banque de Luxembourg Investments · Q3 2025
AI · grounded in 13F
Banque de Luxembourg Investments established a new position in MSFT valued at $231.6M. The fund also initiated new stakes in GOOGL for $144.6M and NVDA for $125.5M. Additional new positions include V, UNP, and AAPL.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 594918104 | MSFT | MICROSOFT CORPCOM | $231.6M | 6.75% | 449,609 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INCCAP STK CL A | $144.6M | 4.21% | 591,890 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATIONCOM | $125.5M | 3.66% | 689,620 | Common | SOLE |
| 92826C839 | V | VISA INCCOM CL A | $95.8M | 2.79% | 281,340 | Common | SOLE |
| 907818108 | UNP | UNION PAC CORPCOM | $94.4M | 2.75% | 399,270 | Common | SOLE |
| 037833100 | AAPL | APPLE INCCOM | $94.1M | 2.74% | 369,572 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATEDCL A | $88.9M | 2.59% | 156,360 | Common | SOLE |
| 136375102 | CNI | CANADIAN NATL RY COCOM | $85.2M | 2.48% | 902,895 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INCCOM | $84.8M | 2.47% | 381,650 | Common | SOLE |
| 761152107 | RMD | RESMED INCCOM | $67.9M | 1.98% | 250,287 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS | $67.4M | 1.97% | 246,400 | Common | SOLE |
| 194162103 | CL | COLGATE PALMOLIVE COCOM | $64.2M | 1.87% | 797,446 | Common | SOLE |
| 351858105 | FNV | FRANCO NEV CORPCOM | $62.6M | 1.82% | 280,695 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INCCL A | $62.1M | 1.81% | 83,540 | Common | SOLE |
| 00724F101 | ADBE | ADOBE INCCOM | $61.7M | 1.80% | 171,480 | Common | SOLE |
| G1151C101 | ACN | ACCENTURE PLC IRELANDSHS CLASS A | $52.5M | 1.53% | 212,461 | Common | SOLE |
| 494368103 | KMB | KIMBERLY-CLARK CORPCOM | $52.2M | 1.52% | 425,200 | Common | SOLE |
| 713448108 | PEP | PEPSICO INCCOM | $51.5M | 1.50% | 367,413 | Common | SOLE |
| 008474108 | AEM | AGNICO EAGLE MINES LTDCOM | $51.1M | 1.49% | 303,000 | Common | SOLE |
| 45168D104 | IDXX | IDEXX LABS INCCOM | $44.1M | 1.28% | 69,823 | Common | SOLE |
| 941848103 | WAT | WATERS CORPCOM | $43.3M | 1.26% | 149,400 | Common | SOLE |
| 962879102 | WPM | WHEATON PRECIOUS METALS CORPCOM | $43.1M | 1.26% | 385,000 | Common | SOLE |
| 92345Y106 | VRSK | VERISK ANALYTICS INCCOM | $41.5M | 1.21% | 166,810 | Common | SOLE |
| 775711104 | ROL | ROLLINS INCCOM | $38.3M | 1.12% | 654,049 | Common | SOLE |
| 609207105 | MDLZ | MONDELEZ INTL INCCL A | $38.1M | 1.11% | 608,194 | Common | SOLE |
| 872540109 | TJX | TJX COS INC NEWCOM | $36.0M | 1.05% | 250,560 | Common | SOLE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INCCOM | $34.7M | 1.01% | 75,080 | Common | SOLE |
| 29250N105 | ENB | ENBRIDGE INCCOM | $32.7M | 0.95% | 647,995 | Common | SOLE |
| 654106103 | NKE | NIKE INCCL B | $31.3M | 0.91% | 449,520 | Common | SOLE |
| M22465104 | CHKP | CHECK POINT SOFTWARE TECH LTORD | $30.8M | 0.90% | 149,700 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INCCOM | $30.0M | 0.87% | 91,410 | Common | SOLE |
| 82982L103 | SITE | SITEONE LANDSCAPE SUPPLY INCCOM | $28.2M | 0.82% | 220,500 | Common | SOLE |
| 040413205 | ANET | ARISTA NETWORKS INCCOM SHS | $28.0M | 0.82% | 195,060 | Common | SOLE |
| 776696106 | ROP | ROPER TECHNOLOGIES INCCOM | $27.9M | 0.81% | 55,710 | Common | SOLE |
| 78409V104 | SPGI | S&P GLOBAL INCCOM | $25.5M | 0.74% | 51,820 | Common | SOLE |
| 615369105 | MCO | MOODYS CORPCOM | $25.3M | 0.74% | 52,620 | Common | SOLE |
| 45167R104 | IEX | IDEX CORPCOM | $25.1M | 0.73% | 154,800 | Common | SOLE |
| 149123101 | CAT | CATERPILLAR INCCOM | $24.7M | 0.72% | 52,360 | Common | SOLE |
| 052769106 | ADSK | AUTODESK INCCOM | $24.4M | 0.71% | 75,880 | Common | SOLE |
| 002824100 | ABT | ABBOTT LABSCOM | $24.3M | 0.71% | 182,381 | Common | SOLE |
| 780287108 | RGLD | ROYAL GOLD INCCOM | $23.8M | 0.70% | 120,000 | Common | SOLE |
| 742718109 | PG | PROCTER AND GAMBLE COCOM | $23.0M | 0.67% | 149,841 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSONCOM | $22.7M | 0.66% | 125,099 | Common | SOLE |
| 189054109 | CLX | CLOROX CO DELCOM | $22.1M | 0.64% | 179,720 | Common | SOLE |
| 294429105 | EFX | EQUIFAX INCCOM | $21.7M | 0.63% | 84,900 | Common | SOLE |
| 871607107 | SNPS | SYNOPSYS INCCOM | $19.8M | 0.58% | 40,965 | Common | SOLE |
| 482480100 | KLAC | KLA CORPCOM NEW | $19.5M | 0.57% | 18,320 | Common | SOLE |
| 038222105 | AMAT | APPLIED MATLS INCCOM | $19.5M | 0.57% | 94,915 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INCCOM | $19.4M | 0.57% | 56,220 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATIONCOM | $19.0M | 0.55% | 102,030 | Common | SOLE |
| 704326107 | PAYX | PAYCHEX INCCOM | $18.9M | 0.55% | 146,600 | Common | SOLE |
| 011532108 | AGI | ALAMOS GOLD INC NEWCOM CL A | $18.5M | 0.54% | 531,000 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & COCOM | $18.3M | 0.53% | 25,200 | Common | SOLE |
| 655663102 | NDSN | NORDSON CORPCOM | $18.2M | 0.53% | 79,800 | Common | SOLE |
| 81762P102 | NOW | SERVICENOW INCCOM | $18.1M | 0.53% | 19,185 | Common | SOLE |
| 922475108 | VEEV | VEEVA SYS INCCL A COM | $18.0M | 0.52% | 61,290 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORPCOM | $17.7M | 0.52% | 62,670 | Common | SOLE |
| 55354G100 | MSCI | MSCI INCCOM | $16.3M | 0.48% | 28,700 | Common | SOLE |
| 16359R103 | CHE | CHEMED CORP NEWCOM | $16.1M | 0.47% | 35,500 | Common | SOLE |
| 426281101 | JKHY | HENRY JACK & ASSOC INCCOM | $15.9M | 0.46% | 105,400 | Common | SOLE |
| 902252105 | TYL | TYLER TECHNOLOGIES INCCOM | $15.3M | 0.44% | 28,800 | Common | SOLE |
| 21874C102 | CNM | CORE & MAIN INCCL A | $15.0M | 0.44% | 279,700 | Common | SOLE |
| 68634K106 | ORLA | ORLA MNG LTD NEWCOM | $14.6M | 0.42% | 1,350,000 | Common | SOLE |
| 562750109 | MANH | MANHATTAN ASSOCIATES INCCOM | $14.4M | 0.42% | 69,100 | Common | SOLE |
| 031100100 | AME | AMETEK INCCOM | $14.2M | 0.41% | 76,020 | Common | SOLE |
| 73278L105 | POOL | POOL CORPCOM | $13.8M | 0.40% | 44,300 | Common | SOLE |
| 955306105 | WST | WEST PHARMACEUTICAL SVSC INCCOM | $13.8M | 0.40% | 52,900 | Common | SOLE |
| 08265T208 | BSY | BENTLEY SYS INCCOM CL B | $13.7M | 0.40% | 263,000 | Common | SOLE |
| 000360206 | AAON | AAON INCCOM PAR $0.004 | $13.7M | 0.40% | 149,200 | Common | SOLE |
| 651639106 | NEM | NEWMONT CORPCOM | $13.1M | 0.38% | 154,500 | Common | SOLE |
| 09857L108 | BKNG | BOOKING HOLDINGS INCCOM | $12.9M | 0.38% | 2,365 | Common | SOLE |
| 438516106 | HON | HONEYWELL INTL INCCOM | $12.8M | 0.37% | 60,990 | Common | SOLE |
| 548661107 | LOW | LOWES COS INCCOM | $12.6M | 0.37% | 49,620 | Common | SOLE |
| 09073M104 | TECH | BIO-TECHNE CORPCOM | $12.3M | 0.36% | 235,600 | Common | SOLE |
| 70432V102 | PAYC | PAYCOM SOFTWARE INCCOM | $12.3M | 0.36% | 56,300 | Common | SOLE |
| 88262P102 | TPL | TEXAS PACIFIC LAND CORPORATICOM | $12.3M | 0.36% | 13,300 | Common | SOLE |
| 942622200 | WSO | WATSCO INCCOM | $12.2M | 0.36% | 30,500 | Common | SOLE |
| 384109104 | GGG | GRACO INCCOM | $12.1M | 0.35% | 143,100 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INCCOM | $12.1M | 0.35% | 10,000 | Common | SOLE |
| 053015103 | ADP | AUTOMATIC DATA PROCESSING INCOM | $11.9M | 0.35% | 40,700 | Common | SOLE |
| 122017106 | BURL | BURLINGTON STORES INCCOM | $11.9M | 0.35% | 46,100 | Common | SOLE |
| 12514G108 | CDW | CDW CORPCOM | $11.6M | 0.34% | 71,500 | Common | SOLE |
| 171340102 | CHD | CHURCH & DWIGHT CO INCCOM | $11.6M | 0.34% | 134,300 | Common | SOLE |
| 231021106 | CMI | CUMMINS INCCOM | $11.6M | 0.34% | 27,570 | Common | SOLE |
| 437076102 | HD | HOME DEPOT INCCOM | $11.4M | 0.33% | 27,980 | Common | SOLE |
| 379577208 | GMED | GLOBUS MED INCCL A | $11.3M | 0.33% | 200,400 | Common | SOLE |
| 30214U102 | EXPO | EXPONENT INCCOM | $11.1M | 0.32% | 160,500 | Common | SOLE |
| 46266C105 | IQV | IQVIA HLDGS INCCOM | $11.1M | 0.32% | 61,230 | Common | SOLE |
| 110122108 | BMY | BRISTOL-MYERS SQUIBB COCOM | $10.9M | 0.32% | 247,000 | Common | SOLE |
| G54950103 | LIN | LINDE PLCSHS | $10.7M | 0.31% | 22,500 | Common | SOLE |
| 68902V107 | OTIS | OTIS WORLDWIDE CORPCOM | $10.7M | 0.31% | 116,900 | Common | SOLE |
| 526107107 | LII | LENNOX INTL INCCOM | $10.6M | 0.31% | 20,300 | Common | SOLE |
| G29183103 | ETN | EATON CORP PLCSHS | $10.5M | 0.31% | 28,640 | Common | SOLE |
| 90384S303 | ULTA | ULTA BEAUTY INCCOM | $10.4M | 0.30% | 18,700 | Common | SOLE |
| 075887109 | BDX | BECTON DICKINSON & COCOM | $10.3M | 0.30% | 56,000 | Common | SOLE |
| 892356106 | TSCO | TRACTOR SUPPLY COCOM | $10.2M | 0.30% | 179,600 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INCCAP STK CL C | $10.0M | 0.29% | 41,000 | Common | SOLE |
| 574795100 | MASI | MASIMO CORPCOM | $9.8M | 0.29% | 68,500 | Common | SOLE |
| 592688105 | MTD | METTLER TOLEDO INTERNATIONALCOM | $9.5M | 0.28% | 8,000 | Common | SOLE |
| 537008104 | LFUS | LITTELFUSE INCCOM | $9.3M | 0.27% | 36,000 | Common | SOLE |
| 21036P108 | STZ | CONSTELLATION BRANDS INCCL A | $9.2M | 0.27% | 67,440 | Common | SOLE |
| 25754A201 | DPZ | DOMINOS PIZZA INCCOM | $8.7M | 0.25% | 19,900 | Common | SOLE |
| 74758T303 | QLYS | QUALYS INCCOM | $8.6M | 0.25% | 63,000 | Common | SOLE |
| 22160K105 | COST | COSTCO WHSL CORP NEWCOM | $8.5M | 0.25% | 9,300 | Common | SOLE |
| 216648501 | COO | COOPER COS INCCOM | $8.1M | 0.24% | 119,200 | Common | SOLE |
| H50430232 | LOGI | LOGITECH INTL S ASHS | $8.0M | 0.23% | 73,369 | Common | SOLE |
| H01301128 | ALC | ALCON AGORD SHS | $7.4M | 0.22% | 99,856 | Common | SOLE |
| 831865209 | AOS | SMITH A O CORPCOM | $7.3M | 0.21% | 100,300 | Common | SOLE |
| 512807306 | LRCX | LAM RESEARCH CORPCOM NEW | $7.1M | 0.21% | 54,000 | Common | SOLE |
| 747525103 | QCOM | QUALCOMM INCCOM | $6.2M | 0.18% | 37,300 | Common | SOLE |
| 89531P105 | TREX | TREX CO INCCOM | $6.0M | 0.17% | 116,100 | Common | SOLE |
| N3167Y103 | RACE | FERRARI N VCOM | $5.9M | 0.17% | 12,200 | Common | SOLE |
| 191241108 | KOF | COCA-COLA FEMSA SAB DE CVSPONS ADS REP | $5.7M | 0.17% | 68,500 | Common | SOLE |
| 03831W108 | APP | APPLOVIN CORPCOM CL A | $5.7M | 0.17% | 8,000 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INCCOM | $5.5M | 0.16% | 70,000 | Common | SOLE |
| 45784P101 | PODD | INSULET CORPCOM | $5.4M | 0.16% | 17,400 | Common | SOLE |
| 191216100 | KO | COCA COLA COCOM | $5.4M | 0.16% | 81,031 | Common | SOLE |
| 204429104 | CCU | COMPANIA CERVECERIAS UNIDASSPONSORED ADR | $5.3M | 0.15% | 435,000 | Common | SOLE |
| 09290D101 | BLK | BLACKROCK INCCOM | $5.2M | 0.15% | 4,400 | Common | SOLE |
| 03027X100 | AMT | AMERICAN TOWER CORP NEWCOM | $5.0M | 0.14% | 25,500 | Common | SOLE |
| 169656105 | CMG | CHIPOTLE MEXICAN GRILL INCCOM | $4.8M | 0.14% | 121,000 | Common | SOLE |
| 452308109 | ITW | ILLINOIS TOOL WKS INCCOM | $4.6M | 0.13% | 17,500 | Common | SOLE |
| 816851109 | SRE | SEMPRACOM | $4.2M | 0.12% | 47,000 | Common | SOLE |
| 00790R104 | WMS | ADVANCED DRAIN SYS INC DELCOM | $3.9M | 0.11% | 28,400 | Common | SOLE |
| 88579Y101 | MMM | 3M COCOM | $3.9M | 0.11% | 25,300 | Common | SOLE |
| 23331A109 | DHI | D R HORTON INCCOM | $3.9M | 0.11% | 22,700 | Common | SOLE |
| 127387108 | CDNS | CADENCE DESIGN SYSTEM INCCOM | $3.7M | 0.11% | 10,500 | Common | SOLE |
| H2906T109 | GRMN | GARMIN LTDSHS | $3.6M | 0.11% | 14,800 | Common | SOLE |
| G8994E103 | TT | TRANE TECHNOLOGIES PLCSHS | $3.5M | 0.10% | 8,500 | Common | SOLE |
| 35969L108 | YMM | FULL TRUCK ALLIANCE CO LTDSPONSORED ADS | $3.4M | 0.10% | 262,000 | Common | SOLE |
| 172908105 | CTAS | CINTAS CORPCOM | $3.4M | 0.10% | 16,700 | Common | SOLE |
| 12572Q105 | CME | CME GROUP INCCOM | $3.3M | 0.10% | 12,200 | Common | SOLE |
| 969904101 | WSM | WILLIAMS SONOMA INCCOM | $2.9M | 0.08% | 14,900 | Common | SOLE |
| 620076307 | MSI | MOTOROLA SOLUTIONS INCCOM NEW | $2.9M | 0.08% | 6,300 | Common | SOLE |
| 209115104 | ED | CONSOLIDATED EDISON INCCOM | $2.7M | 0.08% | 27,500 | Common | SOLE |
| 62944T105 | NVR | NVR INCCOM | $2.7M | 0.08% | 330 | Common | SOLE |
| 049560105 | ATO | ATMOS ENERGY CORPCOM | $2.7M | 0.08% | 15,700 | Common | SOLE |
| 571748102 | MRSH | MARSH & MCLENNAN COS INCCOM | $2.6M | 0.08% | 13,200 | Common | SOLE |
| 745867101 | PHM | PULTE GROUP INCCOM | $2.6M | 0.08% | 19,600 | Common | SOLE |
| 311900104 | FAST | FASTENAL COCOM | $2.6M | 0.08% | 53,000 | Common | SOLE |
| 243537107 | DECK | DECKERS OUTDOOR CORPCOM | $2.5M | 0.07% | 24,300 | Common | SOLE |
| 056525108 | BMI | BADGER METER INCCOM | $2.5M | 0.07% | 14,000 | Common | SOLE |
| 74460D109 | PSA | PUBLIC STORAGE OPER COCOM | $2.5M | 0.07% | 8,500 | Common | SOLE |
| 92532F100 | VRTX | VERTEX PHARMACEUTICALS INCCOM | $2.5M | 0.07% | 6,200 | Common | SOLE |
| 533900106 | LECO | LINCOLN ELEC HLDGS INCCOM | $2.4M | 0.07% | 10,300 | Common | SOLE |
| 384802104 | GWW | GRAINGER W W INCCOM | $2.4M | 0.07% | 2,500 | Common | SOLE |
| 550021109 | LULU | LULULEMON ATHLETICA INCCOM | $2.3M | 0.07% | 13,000 | Common | SOLE |
| 828806109 | SPG | SIMON PPTY GROUP INC NEWCOM | $2.3M | 0.07% | 12,500 | Common | SOLE |
| 949746101 | WMT2 | WELLS FARGO CO NEWCOM | $2.1M | 0.06% | 25,000 | Common | NONE |
| 257651109 | DCI | DONALDSON INCCOM | $2.0M | 0.06% | 24,300 | Common | SOLE |
| 030420103 | AWK | AMERICAN WTR WKS CO INC NEWCOM | $1.9M | 0.06% | 14,000 | Common | SOLE |
| 706327103 | PBA | PEMBINA PIPELINE CORPCOM | $1.6M | 0.05% | 39,000 | Common | NONE |
| 03076C106 | AMP | AMERIPRISE FINL INCCOM | $1.5M | 0.04% | 3,000 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INCCOM | $1.5M | 0.04% | 6,499 | Common | NONE |
| 031162100 | AMGN | AMGEN INCCOM | $1.4M | 0.04% | 5,083 | Common | NONE |
| H2927K103 | AMRZ | AMRIZE LTDSHS | $1.4M | 0.04% | 28,100 | Common | SOLE |
| 49338L103 | KEYS | KEYSIGHT TECHNOLOGIES INCCOM | $1.3M | 0.04% | 7,600 | Common | SOLE |
| 278642103 | EBAY | EBAY INC.COM | $1.3M | 0.04% | 14,096 | Common | NONE |
| 032654105 | ADI | ANALOG DEVICES INCCOM | $1.3M | 0.04% | 5,133 | Common | NONE |
| 46625H100 | JPM | JPMORGAN CHASE & CO.COM | $1.2M | 0.03% | 3,800 | Common | NONE |
| 375558103 | GILD | GILEAD SCIENCES INCCOM | $1.2M | 0.03% | 10,531 | Common | NONE |
| G51502105 | JCI | JOHNSON CTLS INTL PLCSHS | $1.2M | 0.03% | 10,884 | Common | NONE |
| 863667101 | SYK | STRYKER CORPORATIONCOM | $1.2M | 0.03% | 3,133 | Common | NONE |
| 30231G102 | XOM | EXXON MOBIL CORPCOM | $1.1M | 0.03% | 9,900 | Common | NONE |
| 166764100 | CVX | CHEVRON CORP NEWCOM | $1.0M | 0.03% | 6,600 | Common | NONE |
| 882508104 | TXN | TEXAS INSTRS INCCOM | $994,126 | 0.03% | 5,421 | Common | NONE |
| 291011104 | EMR | EMERSON ELEC COCOM | $814,742 | 0.02% | 6,299 | Common | NONE |
| 00846U101 | A | AGILENT TECHNOLOGIES INCCOM | $780,293 | 0.02% | 6,299 | Common | NONE |
| 278865100 | ECL | ECOLAB INCCOM | $737,289 | 0.02% | 2,700 | Common | NONE |
| 880770102 | TER | TERADYNE INCCOM | $430,155 | 0.01% | 3,200 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.