AXA S.A.

AXA S.A.

Period

Q1 2026

Portfolio Date

Mar 31, 2026

Stocks Held

73

Market Value

$240.7M

Portfolio Analysis

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I. Institutional Overview

As of the first quarter of 2026, the institutional investment landscape has witnessed a significant strategic pivot by AXA S.A., a global leader in insurance and asset management. With a reported portfolio market value of approximately $240.68 million, the institution’s latest 13F filing reveals a sophisticated narrative of capital reallocation, risk...

The psychological portrait of AXA S.A. this quarter is one of "calculated opportunism." While the total number of stocks remains relatively moderate at 73—suggesting a balance between broad market exposure and selective stock picking—the internal weight distribution tells a different story. The institution has moved away from a "passive-leaning" allocation...

Analyzing the scale trend, the portfolio value of $240.68 million serves as a baseline for a firm that is clearly in a state of active management. Rather than simply riding the wave of market indices, AXA S.A. has engaged in a rigorous "portfolio slimming" and "capital recycling" exercise. By exiting eight positions entirely and significantly reducing...

Based on the latest available 13F filing.

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Holdings Value Trend

Q2 2024

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Historical Positions

SymbolQ1 2026Q4 2025Q3 2025Q2 2025
BABA23.0%---
ETF-SPY17.2%21.9%22.7%-
ETF-IEMG4.2%4.9%5.1%-
NVDA3.6%5.0%6.0%6.5%
BRK.B3.6%4.3%3.9%-
MSFT3.1%4.9%6.1%5.9%
AAPL2.9%3.9%4.2%3.8%
AMZN2.5%3.7%3.8%3.8%
TSM2.3%---
GOOG1.9%3.1%-1.5%

Post-Filing Contributors

Price change since reported price, ranked by portfolio contribution

BABA-10.18%
ETF-SPY+13.44%
NVDA+17.47%
GOOG+24.30%
AMZN+15.96%

Post-Filing Detractors

Price change since reported price, ranked by portfolio contribution

LFT-15.08%
RACE+8.03%

Sector Analysis

Others0.7%
Materials1.2%
Utilities0.8%
Financials10.1%
Healthcare5.0%
Technology23.2%
Industrials3.3%
Real Estate2.6%