Amundi

New 13F: Q3 2026

Amundi filed its 13F for the quarter ended Sep 30, 2026 on Nov 6, 2026: $220.2B in AI and semiconductor stocks; $20.3B bought and $12.1B sold against its previous quarter, at the quarter's prices.

• added to Micron (MU): +$3.1B at the quarter's price
• trimmed Microsoft (MSFT): -$3.1B at the quarter's price
• added to AMD (AMD): +$2.0B at the quarter's price
• trimmed NVIDIA (NVDA): -$1.7B at the quarter's price
• added to CrowdStrike (CRWD): +$1.3B at the quarter's price
• added to Apple (AAPL): +$1.2B at the quarter's price
• added to Alphabet (GOOGL): +$1.2B at the quarter's price
• added to Amazon (AMZN): +$1.2B at the quarter's price
• added to Sandisk (SNDK): +$962.7M at the quarter's price
• trimmed Broadcom (AVGO): -$937.1M at the quarter's price

Amundi declares $204.0B in 197 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 49.4% of its $412.6B 13F portfolio. Largest positions: NVIDIA (0.54% of the company) and Apple (0.49% of the company). Over time: $204.0B in 197 of these companies for Q2 2026, against $20.7B in 106 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $11.8B and sold $13.5B of these stocks, at the quarter's prices: a net sale of $1.8B; 8 new positions and 4 sold out.

Performance of its AI picks

The AI-stock portfolio Amundi declared for Q2 2026 (Form 13F), held unchanged, returned +4.1% in Q3 2026 (SMH -7.1%), ranked 806 of 1,785 active managers. Over the last 12 months, quarter after quarter: +33.0% (SMH +87.2%), ranked 435 of 1,360 active managers. Over three years, quarter after quarter: +159.2% (SMH +325.8%), ranked 237 of 784 active managers. Over five years, quarter after quarter: +182.1% (SMH +389.8%), ranked 136 of 535 active managers. Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

1. NVIDIA (NVDA): $25.9B, 129.5M shares, 0.54% of the company, 6.3% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
2. Apple (AAPL): $20.5B, 70.8M shares, 0.49% of the company, 5.0% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
3. Alphabet (GOOGL): $19.3B, 54.1M shares, 0.44% of the company, 4.7% of its portfolio (added this quarter); held since Q4 2019 or earlier
4. Microsoft (MSFT): $17.4B, 46.7M shares, 0.63% of the company, 4.2% of its portfolio (added this quarter); held since Q4 2019 or earlier
5. Amazon (AMZN): $15.2B, 63.8M shares, 0.59% of the company, 3.7% of its portfolio (added this quarter); held since Q4 2019 or earlier
6. Broadcom (AVGO): $10.1B, 26.7M shares, 0.56% of the company, 2.4% of its portfolio (added this quarter); held since Q4 2019 or earlier
7. AMD (AMD): $6.6B, 11.4M shares, 0.70% of the company, 1.6% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
8. Meta Platforms (META): $6.3B, 11.1M shares, 0.43% of the company, 1.5% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
9. Applied Materials (AMAT): $5.6B, 7.8M shares, 0.98% of the company, 1.4% of its portfolio (added this quarter); held since Q4 2019 or earlier
10. Micron (MU): $5.1B, 4.4M shares, 0.39% of the company, 1.2% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
11. Intel (INTC): $4.2B, 30.3M shares, 0.57% of the company, 1.0% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
12. Lam Research (LRCX): $4.1B, 9.4M shares, 0.75% of the company, 0.99% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
13. KLA (KLAC): $2.8B, 9.4M shares, 0.72% of the company, 0.68% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
14. Texas Instruments (TXN): $2.5B, 8.5M shares, 0.93% of the company, 0.62% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
15. Marvell (MRVL): $2.5B, 8.2M shares, 0.94% of the company, 0.60% of its portfolio (added this quarter); held since Q2 2021

By sector

• Cloud & AI giants: $78.7B, 39% of its AI holdings, 6 companies
• Chips & compute: $57.8B, 28% of its AI holdings, 31 companies
• Equipment & test: $14.8B, 7% of its AI holdings, 24 companies
• Power, electrical & cooling: $14.3B, 7% of its AI holdings, 46 companies
• AI software: $13.8B, 7% of its AI holdings, 29 companies
• Memory & storage: $9.3B, 5% of its AI holdings, 6 companies
• Interconnect: $6.2B, 3% of its AI holdings, 11 companies
• Neoclouds & data centers: $3.5B, 2% of its AI holdings, 22 companies
• Servers & systems: $3.1B, 2% of its AI holdings, 12 companies
• Optics: $2.4B, 1% of its AI holdings, 10 companies

Biggest changes this quarter

• added to Microsoft (MSFT): +$1.9B at the quarter's price
• trimmed Micron (MU): -$1.8B at the quarter's price
• trimmed AMD (AMD): -$1.3B at the quarter's price
• trimmed Intel (INTC): -$1.2B at the quarter's price
• trimmed CrowdStrike (CRWD): -$1.2B at the quarter's price
• added to Marvell (MRVL): +$1.1B at the quarter's price
• added to Qualcomm (QCOM): +$913.4M at the quarter's price
• added to Applied Materials (AMAT): +$901.5M at the quarter's price
• trimmed NVIDIA (NVDA): -$849.3M at the quarter's price
• trimmed Western Digital (WDC): -$795.1M at the quarter's price

Other holders of this size

• Nuveen: $201.5B in 220 of these companies
• Wellington: $212.6B in 172 of these companies
• Franklin Templeton: $188.6B in 202 of these companies
• Legal & General: $236.0B in 222 of these companies
• Ameriprise Financial, Inc.: $172.4B in 211 of these companies
• BNY: $245.5B in 220 of these companies
• Dimensional: $161.4B in 205 of these companies
• Charles Schwab: $263.5B in 216 of these companies

Follow Amundi's SEC filings (Atom feed)

All holders · Who owns each AI company · All tracked companies · The AI market