BLI - Banque de Luxembourg Investments
Net buyer this quarter
$2.83B
193
+$243M
32.6%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 MSFT | $147M | 5.17% | 0.01% | -11.7% | Q4 2024 |
 GOOGL | $113M | 3.98% | 0.00% | -45.5% | Q4 2024 |
 TSM | $112M | 3.95% | 0.00% | -2.5% | Q4 2024 |
 V | $94.7M | 3.34% | 0.01% | +18.2% | Q4 2024 |
 AAPL | $94.7M | 3.34% | 0.00% | -1.9% | Q4 2024 |
 CNI | $81.6M | 2.88% | 0.11% | -19.1% | Q4 2024 |
 MA | $70.9M | 2.50% | 0.01% | +2.8% | Q4 2024 |
 UNP | $70.5M | 2.49% | 0.04% | -31.3% | Q4 2024 |
 AMZN | $70.4M | 2.49% | 0.03% | +610.3% | Q4 2024 |
 AZN | $68.3M | 2.41% | Not reported | -0.5% | Q1 2026 |
 META | $56.1M | 1.98% | Not reported | +15.9% | Q2 2025 |
 AMAT | $50.5M | 1.78% | 0.01% | -16.4% | Q4 2024 |
 CL | $49.5M | 1.75% | 0.07% | -30.1% | Q4 2024 |
 WPM | $45.6M | 1.61% | 0.09% | +3.2% | Q4 2024 |
 KLAC | $45.2M | 1.59% | 0.01% | -2.3% | Q4 2024 |
 AGI | $42.8M | 1.51% | 0.34% | +104.4% | Q4 2024 |
 FNV | $42M | 1.48% | 0.10% | -21.6% | Q4 2024 |
 RMD | $41.3M | 1.46% | 0.14% | -3.6% | Q4 2024 |
 VRSK | $41.3M | 1.46% | 0.18% | +9.9% | Q4 2024 |
 LRCX | $39.9M | 1.41% | 0.01% | +51.6% | Q2 2025 |
 TJX | $39.4M | 1.39% | 0.02% | +2.1% | Q4 2024 |
 LLY | $35.4M | 1.25% | 0.00% | +64.2% | Q2 2025 |
 AEM | $35.4M | 1.25% | 0.05% | -24.8% | Q4 2024 |
 ROL | $35.3M | 1.25% | 0.17% | +42.8% | Q4 2024 |
 JNJ | $35.2M | 1.24% | 0.01% | +23.9% | Q4 2024 |
 ENB | $33.9M | 1.20% | 0.03% | Not reported | Q4 2024 |
 AVGO | $32.6M | 1.15% | 0.00% | +23.5% | Q4 2024 |
 PEP | $28.7M | 1.01% | 0.02% | -37.2% | Q4 2024 |
 ANET | $27.6M | 0.98% | 0.01% | +2.2% | Q4 2024 |
 SPGI | $26.3M | 0.93% | 0.02% | +20.1% | Q4 2024 |
 MDLZ | $24.6M | 0.87% | 0.03% | -28.5% | Q4 2024 |
 TPL | $24.3M | 0.86% | 0.08% | +25.9% | Q2 2025 |
 WAT | $22.4M | 0.79% | 0.06% | -40.1% | Q4 2024 |
 TMO | $21.7M | 0.77% | 0.01% | -34.8% | Q4 2024 |
 IDXX | $20.9M | 0.74% | 0.05% | -30.2% | Q4 2024 |
 SITE | $20.8M | 0.73% | 0.41% | -16.8% | Q4 2024 |
 RGLD | $20.4M | 0.72% | 0.12% | +0.5% | Q4 2024 |
 CAT | $18.4M | 0.65% | 0.00% | -65.1% | Q4 2024 |
 ADBE | $18M | 0.64% | 0.02% | -50.8% | Q4 2024 |
 ACN | $17.6M | 0.62% | 0.02% | -31.8% | Q4 2024 |
 PG | $16.4M | 0.58% | 0.00% | -15.9% | Q4 2024 |
 KMB | $15.8M | 0.56% | 0.04% | -63.1% | Q4 2024 |
 LIN | $15.3M | 0.54% | 0.01% | +31.7% | Q4 2024 |
 BMY | $14.5M | 0.51% | 0.01% | Not reported | Q4 2024 |
 NFLX | $14.1M | 0.50% | 0.00% | +76.9% | Q2 2025 |
 JKHY | $13.8M | 0.49% | 0.14% | +1.6% | Q4 2024 |
 NDSN | $13.4M | 0.47% | 0.08% | -31.4% | Q4 2024 |
 EFX | $13.4M | 0.47% | 0.07% | +2.0% | Q4 2024 |
| GOOG | $13M | 0.46% | Not reported | +27.6% | Q2 2025 |
 BDX | $12.9M | 0.46% | 0.03% | +48.2% | Q4 2024 |
| Q1 2026 | |||||
| MSFT | $216M | 6.45% | 0.01% | Not reported | Q4 2024 |
| GOOGL | $180M | 5.40% | 0.00% | Not reported | Q4 2024 |
 NVDA | $108M | 3.22% | 0.00% | Not reported | Q4 2024 |
| AMZN | $107M | 3.21% | 0.00% | Not reported | Q4 2024 |
| AAPL | $91.8M | 2.75% | 0.00% | Not reported | Q4 2024 |
| UNP | $86.2M | 2.58% | 0.06% | Not reported | Q4 2024 |
| CNI | $82.3M | 2.46% | 0.14% | Not reported | Q4 2024 |
| V | $81.4M | 2.44% | 0.01% | Not reported | Q4 2024 |
| MA | $76.7M | 2.30% | 0.01% | Not reported | Q4 2024 |
| TSM | $74.3M | 2.22% | 0.00% | Not reported | Q4 2024 |
| AZN | $69M | 2.07% | Not reported | New | Q1 2026 |
| ADBE | $61.4M | 1.84% | 0.04% | Not reported | Q4 2024 |
| CL | $59.8M | 1.79% | 0.10% | Not reported | Q4 2024 |
| META | $56.3M | 1.68% | Not reported | Not reported | Q2 2025 |
| ACN | $54.7M | 1.64% | 0.03% | Not reported | Q4 2024 |
| FNV | $52.6M | 1.57% | 0.13% | Not reported | Q4 2024 |
| RMD | $51.5M | 1.54% | 0.15% | Not reported | Q4 2024 |
| AEM | $50.6M | 1.51% | 0.06% | Not reported | Q4 2024 |
| PEP | $46.7M | 1.40% | 0.02% | Not reported | Q4 2024 |
| VRSK | $46.2M | 1.38% | 0.16% | Not reported | Q4 2024 |
| WPM | $45.5M | 1.36% | 0.09% | Not reported | Q4 2024 |
| TJX | $38.9M | 1.16% | 0.02% | Not reported | Q4 2024 |
| KMB | $38.9M | 1.16% | 0.12% | Not reported | Q4 2024 |
| WAT | $38.1M | 1.14% | 0.10% | Not reported | Q4 2024 |
| TMO | $37.7M | 1.13% | 0.02% | Not reported | Q4 2024 |
| IDXX | $37.4M | 1.12% | 0.07% | Not reported | Q4 2024 |
| ROL | $34.7M | 1.04% | 0.12% | Not reported | Q4 2024 |
 IEX | $33.3M | 1.00% | 0.25% | Not reported | Q4 2024 |
| MDLZ | $30.8M | 0.92% | 0.04% | Not reported | Q4 2024 |
| ENB | $29.4M | 0.88% | 0.03% | Not reported | Q4 2024 |
| CAT | $28.9M | 0.87% | 0.01% | Not reported | Q4 2024 |
| SPGI | $27.8M | 0.83% | 0.02% | Not reported | Q4 2024 |
 CHKP | $27.6M | 0.83% | 0.14% | Not reported | Q4 2024 |
| SITE | $27M | 0.81% | 0.49% | Not reported | Q4 2024 |
| AGI | $26.3M | 0.79% | 0.16% | Not reported | Q4 2024 |
 ABT | $24.8M | 0.74% | 0.01% | Not reported | Q4 2024 |
| AVGO | $24.3M | 0.73% | 0.00% | Not reported | Q4 2024 |
 NKE | $23.6M | 0.71% | 0.02% | Not reported | Q4 2024 |
| JNJ | $22.3M | 0.67% | 0.00% | Not reported | Q4 2024 |
| RGLD | $22.1M | 0.66% | 0.12% | Not reported | Q4 2024 |
 MCO | $22M | 0.66% | 0.02% | Not reported | Q4 2024 |
 SNPS | $21.5M | 0.64% | 0.02% | Not reported | Q2 2025 |
| ANET | $21.4M | 0.64% | 0.01% | Not reported | Q4 2024 |
 ADSK | $21M | 0.63% | 0.03% | Not reported | Q4 2024 |
 DHR | $20.5M | 0.61% | 0.01% | Not reported | Q4 2024 |
| KLAC | $20.3M | 0.61% | 0.01% | Not reported | Q4 2024 |
| AMAT | $19.2M | 0.57% | 0.01% | Not reported | Q4 2024 |
 ROP | $19M | 0.57% | 0.04% | Not reported | Q4 2024 |
| LLY | $18.6M | 0.56% | 0.00% | Not reported | Q2 2025 |
| PG | $18.6M | 0.56% | 0.01% | Not reported | Q4 2024 |
| Q4 2025 | |||||
| MSFT | $219M | 6.43% | 0.01% | 0.0% | Q4 2024 |
| GOOGL | $183M | 5.38% | 0.00% | -1.4% | Q4 2024 |
| NVDA | $109M | 3.21% | 0.00% | -15.3% | Q4 2024 |
| AMZN | $109M | 3.20% | 0.00% | +23.0% | Q4 2024 |
| AAPL | $93.3M | 2.74% | 0.00% | -7.5% | Q4 2024 |
| UNP | $87.6M | 2.57% | 0.06% | -5.9% | Q4 2024 |
| CNI | $83.7M | 2.45% | 0.14% | -6.4% | Q4 2024 |
| V | $82.8M | 2.43% | 0.01% | -16.9% | Q4 2024 |
| MA | $78M | 2.29% | 0.01% | -13.6% | Q4 2024 |
| TSM | $75.5M | 2.21% | 0.00% | +2.2% | Q4 2024 |
| ADBE | $62.5M | 1.83% | 0.04% | +3.3% | Q4 2024 |
| CL | $60.8M | 1.78% | 0.10% | -4.2% | Q4 2024 |
| META | $57.2M | 1.68% | Not reported | +2.8% | Q2 2025 |
| ACN | $55.7M | 1.63% | 0.03% | -3.0% | Q4 2024 |
| FNV | $53.5M | 1.57% | 0.13% | -8.3% | Q4 2024 |
| RMD | $52.4M | 1.54% | 0.15% | -13.9% | Q4 2024 |
| AEM | $51.4M | 1.51% | 0.06% | Not reported | Q4 2024 |
| PEP | $47.5M | 1.39% | 0.02% | -10.4% | Q4 2024 |
| VRSK | $46.9M | 1.38% | 0.15% | +25.4% | Q4 2024 |
| WPM | $46.2M | 1.36% | 0.09% | +2.2% | Q4 2024 |
 ZTS | $41.6M | 1.22% | 0.08% | Not reported | Q4 2024 |
| TJX | $39.6M | 1.16% | 0.02% | +1.6% | Q4 2024 |
| KMB | $39.5M | 1.16% | 0.12% | -8.5% | Q4 2024 |
| WAT | $38.7M | 1.14% | 0.17% | -32.5% | Q4 2024 |
| TMO | $38.3M | 1.12% | 0.02% | -12.6% | Q4 2024 |
| IDXX | $38M | 1.12% | 0.07% | -20.1% | Q4 2024 |
| ROL | $35.3M | 1.04% | 0.12% | -10.7% | Q4 2024 |
| IEX | $33.9M | 0.99% | 0.25% | +22.0% | Q4 2024 |
| MDLZ | $31.3M | 0.92% | 0.04% | -6.2% | Q4 2024 |
| ENB | $29.9M | 0.88% | 0.03% | -3.5% | Q4 2024 |
| CAT | $29.4M | 0.86% | 0.01% | -2.8% | Q4 2024 |
| SPGI | $28.2M | 0.83% | 0.02% | +3.2% | Q4 2024 |
| CHKP | $28.1M | 0.82% | 0.14% | Not reported | Q4 2024 |
| SITE | $27.5M | 0.81% | 0.49% | -1.6% | Q4 2024 |
| AGI | $26.7M | 0.78% | 0.16% | +29.9% | Q4 2024 |
| ABT | $25.3M | 0.74% | 0.01% | +10.1% | Q4 2024 |
| AVGO | $24.7M | 0.73% | 0.00% | -22.7% | Q4 2024 |
| NKE | $24M | 0.70% | 0.02% | -12.7% | Q4 2024 |
| JNJ | $22.7M | 0.67% | 0.00% | -12.4% | Q4 2024 |
| AMAT | $22.6M | 0.66% | 0.01% | -8.6% | Q4 2024 |
| RGLD | $22.5M | 0.66% | 0.12% | -16.7% | Q4 2024 |
| MCO | $22.3M | 0.66% | 0.02% | -17.7% | Q4 2024 |
| SNPS | $21.8M | 0.64% | 0.02% | +12.4% | Q2 2025 |
| ANET | $21.8M | 0.64% | 0.01% | -15.7% | Q4 2024 |
| ADSK | $21.3M | 0.63% | 0.03% | -6.2% | Q4 2024 |
| DHR | $20.8M | 0.61% | 0.01% | -11.5% | Q4 2024 |
| KLAC | $20.6M | 0.61% | 0.01% | -9.5% | Q4 2024 |
| ROP | $19.3M | 0.57% | 0.04% | -23.1% | Q4 2024 |
| LLY | $18.9M | 0.55% | 0.00% | -30.6% | Q2 2025 |
| PG | $18.9M | 0.55% | 0.01% | -12.6% | Q4 2024 |
| Q3 2025 | |||||
| MSFT | $232M | 6.75% | 0.01% | -11.5% | Q4 2024 |
| GOOGL | $145M | 4.21% | 0.00% | -10.8% | Q4 2024 |
| NVDA | $125M | 3.66% | 0.00% | +59.0% | Q4 2024 |
| V | $95.8M | 2.79% | 0.02% | -19.4% | Q4 2024 |
| UNP | $94.4M | 2.75% | 0.07% | -1.2% | Q4 2024 |
| AAPL | $94.1M | 2.74% | 0.00% | +2.4% | Q4 2024 |
| MA | $88.9M | 2.59% | 0.01% | -21.2% | Q4 2024 |
| CNI | $85.2M | 2.48% | 0.14% | -0.5% | Q4 2024 |
| AMZN | $84.8M | 2.47% | 0.00% | +4.6% | Q4 2024 |
| RMD | $67.9M | 1.98% | 0.17% | -13.7% | Q4 2024 |
| TSM | $67.4M | 1.97% | 0.00% | -5.8% | Q4 2024 |
| CL | $64.2M | 1.87% | 0.10% | +34.8% | Q4 2024 |
| FNV | $62.6M | 1.82% | 0.15% | -19.2% | Q4 2024 |
| META | $62.1M | 1.81% | Not reported | +223.8% | Q2 2025 |
| ADBE | $61.7M | 1.80% | 0.04% | +11.4% | Q4 2024 |
| ACN | $52.5M | 1.53% | 0.03% | +31.1% | Q4 2024 |
| KMB | $52.2M | 1.52% | 0.13% | +0.4% | Q4 2024 |
| PEP | $51.5M | 1.50% | 0.03% | -29.1% | Q4 2024 |
| AEM | $51.1M | 1.49% | 0.06% | +1.0% | Q4 2024 |
| IDXX | $44.1M | 1.28% | 0.09% | -29.4% | Q4 2024 |
| WAT | $43.3M | 1.26% | 0.25% | +45.8% | Q4 2024 |
| WPM | $43.1M | 1.26% | 0.08% | -11.5% | Q4 2024 |
| VRSK | $41.5M | 1.21% | 0.12% | +21.3% | Q4 2024 |
| ROL | $38.3M | 1.12% | 0.14% | -27.2% | Q4 2024 |
| MDLZ | $38.1M | 1.11% | 0.05% | -2.2% | Q4 2024 |
| TJX | $36M | 1.05% | 0.02% | -39.8% | Q4 2024 |
| TMO | $34.7M | 1.01% | 0.02% | +7.4% | Q4 2024 |
| ENB | $32.7M | 0.95% | 0.03% | -20.2% | Q4 2024 |
| NKE | $31.3M | 0.91% | 0.03% | +40.6% | Q4 2024 |
| CHKP | $30.8M | 0.90% | 0.14% | -11.6% | Q4 2024 |
| AVGO | $30M | 0.87% | 0.00% | +23.7% | Q4 2024 |
| SITE | $28.2M | 0.82% | 0.49% | +27.4% | Q4 2024 |
| ANET | $28M | 0.82% | 0.02% | +68.7% | Q4 2024 |
| ROP | $27.9M | 0.81% | 0.05% | -35.6% | Q4 2024 |
| SPGI | $25.5M | 0.74% | 0.02% | +131.3% | Q4 2024 |
| MCO | $25.3M | 0.74% | 0.03% | -0.9% | Q4 2024 |
| IEX | $25.1M | 0.73% | 0.21% | +66.5% | Q4 2024 |
| CAT | $24.7M | 0.72% | 0.01% | -42.0% | Q4 2024 |
| ADSK | $24.4M | 0.71% | 0.04% | +52.4% | Q4 2024 |
| ABT | $24.3M | 0.71% | 0.01% | -48.3% | Q4 2024 |
| RGLD | $23.8M | 0.70% | 0.18% | -35.1% | Q4 2024 |
| PG | $23M | 0.67% | 0.01% | +162.3% | Q4 2024 |
| JNJ | $22.7M | 0.66% | 0.01% | -4.8% | Q4 2024 |
 CLX | $22.1M | 0.64% | 0.15% | +176.4% | Q4 2024 |
| EFX | $21.7M | 0.63% | 0.07% | +6.4% | Q4 2024 |
| SNPS | $19.8M | 0.58% | 0.02% | +72.1% | Q2 2025 |
| KLAC | $19.5M | 0.57% | 0.01% | +19.8% | Q4 2024 |
| AMAT | $19.5M | 0.57% | 0.01% | -0.8% | Q4 2024 |
 UNH | $19.4M | 0.57% | 0.01% | -47.7% | Q4 2024 |
| DHR | $19M | 0.55% | 0.01% | -0.6% | Q4 2024 |