Banque de Luxembourg
LUXEMBOURG, N4files as Banque de Luxembourg S.A.
$212m in 78 US stocks at the end of 30 June 2026. The top 10 are 65.3% of the money. It changed about 8.0% of the portfolio this quarter.
Value
$212m
Stocks
78
Top 10 share
65.3%
Turnover
8.0%
What changed this quarter
New
Bought for the first time this quarter.
- Applied MaterialsAMAT<0.1% of the fund
- Lam ResearchLRCX<0.1% of the fund
- Honeywell InternationalHON<0.1% of the fund
- Honeywell AerospaceHONA<0.1% of the fund
- Constellation EnergyCEG<0.1% of the fund
Added
Bought more of a stock they already held.
- State STR Spdr S&P 500 ETF TSPY13.9% of the fund+14%
- MedtronicMDT3.7% of the fund+4%
- AccentureACN2.7% of the fund+5%
- NvidiaNVDA2.6% of the fund+2%
- BroadcomAVGO1.6% of the fund+202%
- Walt DisneyDIS1.4% of the fund+3%
- Meta PlatformsMETA0.6% of the fund+45%
- AstrazenecaAZN0.5% of the fund+12%
- Taiwan Semiconductor ManufacturingTSM0.5% of the fund+65%
- BlackRockBLK0.3% of the fund+7%
- Thermo Fisher ScientificTMO0.2% of the fund+7%
- Uber TechnologiesUBER0.2% of the fund+4%
- Coca-ColaKO0.1% of the fund+11%
- Alibaba Group HldgBABA<0.1% of the fund+56%
- Bank of AmericaBAC<0.1% of the fund+81%
- TeslaTSLA<0.1% of the fund+96%
Cut
Sold some of their stake.
- AlphabetGOOGL11.2% of the fund-4%
- TotalEnergies SETTE5.5% of the fund-5%
- VisaV5.4% of the fund-4%
- Amazon.comAMZN5.3% of the fund-2%
- AppleAAPL5.0% of the fund-3%
- UnitedHealth GroupUNH4.4% of the fund-6%
- S&P GlobalSPGI2.9% of the fund-2%
- Becton DickinsonBDX2.3% of the fund-3%
- Canadian National RailwayCNI1.7% of the fund-5%
- NikeNKE0.4% of the fund-12%
- Eli LillyLLY0.3% of the fund-6%
- Palo Alto NetworksPANW0.3% of the fund-28%
- LindeLIN0.3% of the fund-25%
- Franco NevadaFNV0.2% of the fund-12%
- Johnson & JohnsonJNJ0.2% of the fund-15%
- McDonald'sMCD0.2% of the fund-23%
- MerckMRK0.1% of the fund-17%
- PepsiCoPEP0.1% of the fund-12%
- WalmartWMT<0.1% of the fund-16%
- Carrier GlobalCARR<0.1% of the fund-31%
- AdobeADBE<0.1% of the fund-17%
- Home DepotHD<0.1% of the fund-32%
- CaterpillarCAT<0.1% of the fund-75%
- SalesforceCRM<0.1% of the fund-75%
Sold out
Sold their entire stake.
Holdings
- State STR Spdr S&P 500 ETF TSPY
- Share
- 13.9%
- Value
- $29m
- Shares
- 39,502
+14%
- Canadian National RailwayCNI
- Share
- 1.7%
- Value
- $4m
- Shares
- 30,377
-5%
- Invesco Exchange Traded FD TPKW
- Share
- 0.6%
- Value
- $1m
- Shares
- 9,227
Held
- Franco NevadaFNV
- Share
- 0.2%
- Value
- $386,022
- Shares
- 1,850
-12%
- Alibaba Group HldgBABA
- Share
- <0.1%
- Value
- $152,992
- Shares
- 1,594
+56%
- Honeywell AerospaceHONA
- Share
- <0.1%
- Value
- $55,300
- Shares
- 251
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| State STR Spdr S&P 500 ETF TSPY | 13.9% | $29m | 39,502 | +14% |
| AlphabetGOOGL | 11.2% | $24m | 66,228 | -4% |
| MicrosoftMSFT | 7.6% | $16m | 43,092 | Held |
| TotalEnergies SETTE | 5.5% | $12m | 150,433 | -5% |
| VisaV | 5.4% | $11m | 33,311 | -4% |
| Amazon.comAMZN | 5.3% | $11m | 47,542 | -2% |
| AppleAAPL | 5.0% | $11m | 36,783 | -3% |
| UnitedHealth GroupUNH | 4.4% | $9m | 22,683 | -6% |
| MedtronicMDT | 3.7% | $8m | 100,738 | +4% |
| Analog DevicesADI | 3.2% | $7m | 17,077 | Held |
| S&P GlobalSPGI | 2.9% | $6m | 15,181 | -2% |
| SynopsysSNPS | 2.9% | $6m | 13,788 | Held |
| AccentureACN | 2.7% | $6m | 45,703 | +5% |
| NvidiaNVDA | 2.6% | $5m | 27,359 | +2% |
| Cisco SystemsCSCO | 2.6% | $5m | 46,498 | Held |
| Becton DickinsonBDX | 2.3% | $5m | 31,670 | -3% |
| Canadian National RailwayCNI | 1.7% | $4m | 30,377 | -5% |
| BroadcomAVGO | 1.6% | $3m | 8,983 | +202% |
| AlphabetGOOG | 1.4% | $3m | 8,573 | Held |
| AllegionALLE | 1.4% | $3m | 21,475 | Held |
| Walt DisneyDIS | 1.4% | $3m | 29,974 | +3% |
| IconICLR | 1.1% | $2m | 13,280 | Held |
| Procter & GamblePG | 0.6% | $1m | 9,347 | Held |
| Invesco Exchange Traded FD TPKW | 0.6% | $1m | 9,227 | Held |
| Bank of New York MellonBNY | 0.6% | $1m | 8,817 | Held |
| Berkshire HathawayBRK-B | 0.6% | $1m | 2,517 | Held |
| Meta PlatformsMETA | 0.6% | $1m | 2,099 | +45% |
| DanaherDHR | 0.5% | $1m | 6,016 | Held |
| AstrazenecaAZN | 0.5% | $1m | 5,968 | +12% |
| Taiwan Semiconductor ManufacturingTSM | 0.5% | $1m | 2,275 | +65% |
| JPMorgan ChaseJPM | 0.4% | $849,094 | 2,594 | Held |
| NikeNKE | 0.4% | $751,708 | 18,312 | -12% |
| BlackRockBLK | 0.3% | $615,398 | 640 | +7% |
| Eli LillyLLY | 0.3% | $609,310 | 508 | -6% |
| Palo Alto NetworksPANW | 0.3% | $580,416 | 1,702 | -28% |
| LindeLIN | 0.3% | $558,505 | 1,076 | -25% |
| Boston ScientificBSX | 0.2% | $495,344 | 11,606 | Held |
| Thermo Fisher ScientificTMO | 0.2% | $411,617 | 821 | +7% |
| Franco NevadaFNV | 0.2% | $386,022 | 1,850 | -12% |
| Johnson & JohnsonJNJ | 0.2% | $370,034 | 1,457 | -15% |
| Uber TechnologiesUBER | 0.2% | $366,356 | 5,077 | +4% |
| McDonald'sMCD | 0.2% | $347,078 | 1,284 | -23% |
| EnbridgeENB | 0.2% | $325,329 | 6,000 | Held |
| MerckMRK | 0.1% | $313,026 | 2,436 | -17% |
| PepsiCoPEP | 0.1% | $306,410 | 2,263 | -12% |
| Coca-ColaKO | 0.1% | $278,919 | 3,432 | +11% |
| Union PacificUNP | 0.1% | $273,088 | 1,004 | Held |
| Costco WholesaleCOST | 0.1% | $262,867 | 281 | Held |
| ComcastCMCSA | 0.1% | $254,731 | 10,376 | Held |
| Arista NetworksANET | 0.1% | $233,755 | 1,376 | Held |
| ZoetisZTS | 0.1% | $224,922 | 3,130 | Held |
| MastercardMA | 0.1% | $214,685 | 418 | Held |
| WatersWAT | <0.1% | $195,771 | 522 | Held |
| AbbVieABBV | <0.1% | $195,524 | 777 | Held |
| Magnum Ice CreamMICC | <0.1% | $193,243 | 11,074 | Held |
| WalmartWMT | <0.1% | $188,238 | 1,662 | -16% |
| Carrier GlobalCARR | <0.1% | $184,695 | 2,518 | -31% |
| AmgenAMGN | <0.1% | $181,422 | 501 | Held |
| MsciMSCI | <0.1% | $168,012 | 300 | Held |
| AdobeADBE | <0.1% | $153,765 | 750 | -17% |
| Alibaba Group HldgBABA | <0.1% | $152,992 | 1,594 | +56% |
| Bank of AmericaBAC | <0.1% | $122,450 | 2,149 | +81% |
| TeslaTSLA | <0.1% | $114,403 | 272 | +96% |
| First SolarFSLR | <0.1% | $100,047 | 424 | Held |
| Home DepotHD | <0.1% | $97,340 | 276 | -32% |
| Applied MaterialsAMAT | <0.1% | $96,882 | 134 | New |
| Lowe's CompaniesLOW | <0.1% | $89,078 | 404 | Held |
| Anheuser-Busch InBev SABUD | <0.1% | $85,943 | 1,043 | Held |
| Lam ResearchLRCX | <0.1% | $82,333 | 190 | New |
| SempraSRE | <0.1% | $72,128 | 778 | Held |
| XylemXYL | <0.1% | $70,926 | 600 | Held |
| Honeywell InternationalHON | <0.1% | $56,199 | 251 | New |
| Honeywell AerospaceHONA | <0.1% | $55,300 | 251 | New |
| Constellation EnergyCEG | <0.1% | $46,942 | 189 | New |
| Lamb Weston HoldingsLW | <0.1% | $33,637 | 779 | Held |
| CaterpillarCAT | <0.1% | $23,428 | 22 | -75% |
| SalesforceCRM | <0.1% | $4,386 | 28 | -75% |
| Versant Media GroupVSNT | <0.1% | $1,152 | 32 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 21.4% since 30 June 2025.
Where the money is
Technology29.2%
Media & telecom14.6%
Health care14.0%
Financial services10.4%
Retail & consumer6.0%
Energy5.7%
Industrials3.6%
Everyday goods1.3%
Materials0.4%
Utilities0.1%
Other14.6%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.