Institutional Manager · CIK 0001411133

KBC Group NV

Brussels, C9 · File #028-13043

Latest AUM

$41.7M

Positions

2,361

Top-10 Concentration

60.8%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	NETFLIX INC	NFLX	-3,767,317	-$4.5M	+$4.2M
REDUCE	NVIDIA CORPORATION	NVDA	-15,253,531	-$2.8M	+$1,234
REDUCE	APPLE INC	AAPL	-5,965,137	-$1.5M	-$110,746
REDUCE	AMAZON COM INC	AMZN	-6,424,436	-$1.4M	-$77,932
ADD	META PLATFORMS INC	META	+1,520,661	+$1.1M	+$1,730
REDUCE	BROADCOM INC	AVGO	-3,375,626	-$1.1M	-$58,775
REDUCE	SERVICENOW INC	NOW	-704,591	-$648,105	+$540,895
REDUCE	TESLA INC	TSLA	-1,230,249	-$547,099	-$6,286
REDUCE	BANK AMERICA CORP	060505104	-6,595,974	-$340,286	-$26,596
REDUCE	ORACLE CORP	ORCL-PD	-1,183,231	-$332,746	+$103,557

Sector Allocation

Technology

32.3%$13.5M

Healthcare

10.1%$4.2M

Consumer Discretionary

8.6%$3.6M

Communication Services

6.3%$2.6M

4.8%$2.0M

4.0%$1.7M

2.3%$944,558

1.5%$614,715

1.3%$553,654

0.6%$236,819

0.5%$225,999

Filing History

Jan 26, 202613F HOLDINGS REPORTQ/E Dec 20252,390 pos · $43.9M
Jan 20, 202613F HOLDINGS REPORTQ/E Dec 20252,361 pos · $41.7M
Aug 8, 202513F HOLDINGS REPORTQ/E Jun 20252,298 pos · $37.0M
Apr 25, 202513F HOLDINGS REPORTQ/E Mar 20252,558 pos · $32.2M
Jan 22, 202513F HOLDINGS REPORTQ/E Dec 20242,514 pos · $36.3M
Nov 6, 202413F HOLDINGS REPORTQ/E Sep 20242,532 pos · $33.1M
Jul 17, 202413F HOLDINGS REPORTQ/E Jun 20242,545 pos · $33.1M
May 8, 202413F HOLDINGS REPORTQ/E Mar 20242,479 pos · $31.5M
Nov 22, 202313F HOLDINGS REPORTQ/E Dec 20231,624 pos · $24.0M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	NVIDIA CORPORATION	NVDA	15,482,736	$2.9M	11.26%
2	ALPHABET INC	GOOG	8,136,500	$2.6M	9.95%
3	MICROSOFT CORP	MSFT	5,125,599	$2.5M	9.66%
4	APPLE INC	AAPL	6,427,764	$1.7M	6.81%
5	AMAZON COM INC	AMZN	6,926,897	$1.6M	6.23%
6	BROADCOM INC	AVGO	3,630,347	$1.3M	4.90%
7	META PLATFORMS INC	META	1,582,490	$1.0M	4.07%
8	JPMORGAN CHASE & CO.	VYLD	2,424,935	$781,363	3.05%
9	ELI LILLY & CO	LLY	641,372	$689,270	2.69%
10	TESLA INC	TSLA	1,253,642	$563,788	2.20%
11	JOHNSON & JOHNSON	JNJ	2,269,435	$469,660	1.83%
12	CITIGROUP INC	C-PR	3,717,048	$433,742	1.69%
13	BANK AMERICA CORP	060505104	7,799,230	$428,958	1.67%
14	VISA INC	V	1,160,054	$406,843	1.59%
15	GILEAD SCIENCES INC	GILD	3,187,376	$391,219	1.53%
16	ALPHABET INC	GOOG	1,170,624	$366,405	1.43%
17	NETFLIX INC	NFLX	3,776,335	$354,069	1.38%
18	MICRON TECHNOLOGY INC	MU	1,239,574	$353,787	1.38%
19	MORGAN STANLEY	MS-PQ	1,636,447	$290,518	1.13%
20	SALESFORCE INC	CRM	1,020,081	$270,230	1.05%