1y return+11.4%S&P 500 +20.9%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2024: $115 against $127 in the S&P 500.2
Credit Industriel Et CommercialS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| Janus Henderson Group PLCCUSIP G4474Y214 | $109.8M | 12.6% | +1716.9% |
| Hewlett Packard Enterprise CCUSIP 42824C208 | $74.3M | 8.5% | |
| Alphabet IncCUSIP 02079K602 | $54.6M | 6.3% | New |
| Nextera Energy IncCUSIP 65339F655 | $50.3M | 5.8% | +35.5% |
| Oracle CorpCUSIP 68389X204 | $35.1M | 4.0% | +47.6% |
| Pg&e CorpCUSIP 69331C306 | $30.1M | 3.4% | +16.0% |
| Nextera Energy IncCUSIP 65339F663 | $17.4M | 2.0% | |
| PENPenumbra Inc | $16.4M | 1.9% | +101.7% |
| RYAAYRyanair Holdings PLC | $15.7M | 1.8% | +143.9% |
| Ares Management CorporationCUSIP 03990B309 | $15.7M | 1.8% | −10.5% |
| Warner Bros Discovery IncCUSIP 934423104 | $15.4M | 1.8% | +82.0% |
| Super Micro Computer IncCUSIP 86800U500 | $15.2M | 1.7% | New |
| GOOGAlphabet Inc | $12.9M | 1.5% | −80.3% |
| Albemarle CorpCUSIP 012653200 | $12.6M | 1.4% | |
| KVUEKenvue Inc | $12.0M | 1.4% | +15.3% |
| FOXFox Corp | $11.9M | 1.4% | +3.8% |
| Webster Finl CorpCUSIP 947890109 | $11.2M | 1.3% | +39.5% |
| UAAUnder Armour Inc | $10.0M | 1.1% | +2.0% |
| Topbuild CorCUSIP 89055F103 | $9.6M | 1.1% | New |
| TECKTeck Resources Ltd | $9.3M | 1.1% | +49.4% |
| TXNMTxnm Energy Inc | $9.1M | 1.0% | +3.6% |
| Novanta IncCUSIP 67000B203 | $8.8M | 1.0% | |
| Apogee Therapeutics IncCUSIP 03770N101 | $8.4M | 1.0% | New |
| Sila Realty Trust IncCUSIP 146280508 | $8.3M | 1.0% | New |
| OGNOrganon & Co | $7.9M | 0.9% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| Warner Bros Discovery IncCUSIP 934423104 | December 31, 2024 | +152.2% | $15.4M |
| GOOGAlphabet Inc | June 30, 2025 | +99.2% | $12.9M |
| Hewlett Packard Enterprise CCUSIP 42824C208 | December 31, 2024 | +84.4% | $74.3M |
| RYAAYRyanair Holdings PLC | December 31, 2024 | +48.5% | $15.7M |
| HEI/AHeico Corp New | December 31, 2024 | +38.6% | $7.9M |
| Albemarle CorpCUSIP 012653200 | December 31, 2024 | +36.0% | $12.6M |
| Novanta IncCUSIP 67000B203 | March 31, 2026 | +25.7% | $8.8M |
| TECKTeck Resources Ltd | March 31, 2026 | +14.9% | $9.3M |
| KVUEKenvue Inc | December 31, 2025 | +10.8% | $12.0M |
| Webster Finl CorpCUSIP 947890109 | March 31, 2026 | +10.1% | $11.2M |
Sold off last quarter
- Carnival PLCCUSIP 14365C103 was $15.5M
- Arcellx IncCUSIP 03940C100 was $15.5M
- Hologic IncCUSIP 436440101 was $15.4M
- Csg Sys Intl IncCUSIP 126349109 was $11.9M
- Air Lease CorpCUSIP 00912X302 was $11.8M
- Amicus TherapeuticCUSIP 03152W109 was $11.2M
- BIPCBrookfield Infrastructure Co was $9.2M
- Onestream IncCUSIP 68278B107 was $8.8M
- Clearwater Analytics Hldgs ICUSIP 185123106 was $7.4M
- Proassurance CorpCUSIP 74267C106 was $7.3M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +7.0% | +14.8% |
| March 31, 2026 | −4.9% | −4.6% |
| December 31, 2025 | +3.9% | +2.4% |
| September 30, 2025 | +5.4% | +7.8% |
| June 30, 2025 | +6.9% | +10.5% |
| March 31, 2025 | −3.7% | −4.6% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Credit Industriel Et Commercial Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1274419&type=13F-HR&dateb=&owner=include&count=40CIK 1274419
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1274419/000127441926000009/Filed July 24, 2026 · accession 0001274419-26-000009