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Livermore
Livermore
ZHEN

AXA S.A.

SEC CIK
0000898427
Latest filing
Aug 14, 2026

The latest 13F from AXA S.A. covers Q2 2026 (filed Aug 14, 2026): 46 long positions worth $85.9M. The top 10 holdings make up 73.1% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 26.2%. Livermore has 28 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
10
Est. +$3.14M
Added
6
Est. +$1.35M
Reduced
29
Est. −$123.1M
Sold out
38
Est. −$37.2M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    26.2%$22.5MHistory
  2. BRK.BBerkshire Hathaway Inc
    10.1%$8.68MHistory
  3. TTETotalEnergies SE
    7.5%$6.47MHistory
  4. GOOGLAlphabet Inc.
    5.8%$5.00MHistory
  5. NVDANVIDIA Corp
    4.6%$3.92MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. SNDKSandisk Corp
    +$522.3KNewHistory
  2. LINLinde PLC
    +$482.8KAddedHistory
  3. URIUnited Rentals, Inc.
    +$480.3KNewHistory
  4. WMWaste Management Inc
    +$366.1KNewHistory
  5. SPGIS&P Global Inc.
    +$355.3KNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. BRK.BBerkshire Hathaway Inc
    +6.54 pp3.6% → 10.1%History
  2. LINLinde PLC
    +0.74 pp0.1% → 0.8%History
  3. SNDKSandisk Corp
    +0.61 pp0.0% → 0.6%History
  4. URIUnited Rentals, Inc.
    +0.56 pp0.0% → 0.6%History
  5. MAMastercard Inc
    +0.54 pp0.2% → 0.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. BABAAlibaba Group Holding Ltd
    −$39.0MReducedHistory
  2. SPYSPDR S&P 500 ETF Trust
    −$21.5MReducedHistory
  3. iShares Core MSCI Emerging Markets ETF46434G103
    −$11.1MReduced
  4. TTETotalEnergies SE
    −$8.65MReducedHistory
  5. AAPLApple Inc.
    −$5.63MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. BABAAlibaba Group Holding Ltd
    −22.47 pp23.0% → 0.5%History
  2. iShares Core MSCI Emerging Markets ETF46434G103
    −2.10 pp4.2% → 2.1%
  3. GOOGAlphabet Inc.
    −1.85 pp1.9% → 0.1%History
  4. AVGOBroadcom Inc.
    −1.04 pp1.0% → 0.0%History
  5. AAPLApple Inc.
    −0.76 pp2.9% → 2.1%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$85.9M
−$170.5M (−66.5%) vs. prior quarter
Positions
46
−28 vs. prior quarter
Top 10 concentration
73.1%
Top 10 as share of value
Turnover
2.6%
Q2 2026, one quarter
Average holding period
18.9 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $39.1B (Q4 2021)

Q1 2021: $32.8BQ2 2021: $35.5BQ3 2021: $35.6BQ4 2021: $39.1BQ1 2022: $35.2BQ2 2022: $27.0BQ3 2022: $25.4BQ4 2022: $27.7BQ1 2023: $29.1BQ2 2023: $30.1BQ3 2023: $28.5BQ4 2023: $31.0BQ1 2024: $33.4BQ2 2024: $33.6BQ3 2024: $33.8BQ4 2024: $32.9BQ1 2025: $30.4BQ2 2025: $34.8BQ3 2025: $199.4MQ4 2025: $211.4MQ1 2026: $256.4MQ2 2026: $85.9M
Q1 2021Q2 2026
13F filings of AXA S.A. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202646$85.9MSPYBRK.BTTEvs. Q1 2026SEC
Q1 2026May 15, 202674$256.4MBABASPYTTEvs. Q4 2025SEC
Q4 2025Feb 13, 202673$211.4MSPYTTENVDAvs. Q3 2025SEC
Q3 2025Nov 14, 202561$199.4MSPYMSFTNVDAvs. Q2 2025SEC
Q2 2025Aug 14, 20251,118$34.8BNVDAMSFTAMZNvs. Q1 2025SEC
Q1 2025May 15, 20251,056$30.4BNVDAAAPLMSFTvs. Q4 2024SEC
Q4 2024Feb 14, 20251,064$32.9BNVDAMSFTAAPLvs. Q3 2024SEC
Q3 2024Nov 14, 20241,087$33.8BNVDAMSFTAAPLvs. Q2 2024SEC
Q2 2024Feb 25, 2025Amended1,056$33.6BNVDAMSFTAAPLvs. Q1 2024SEC
Q1 2024May 15, 20241,057$33.4BMSFTNVDAAAPLvs. Q4 2023SEC
Q4 2023Jul 16, 2024Amended1,061$31.0BAAPLMSFTAMZNvs. Q3 2023SEC
Q3 2023Nov 14, 20231,059$28.5BAAPLMSFTAMZNvs. Q2 2023SEC
Q2 2023Aug 14, 20231,078$30.1BAAPLMSFTAMZNvs. Q1 2023SEC
Q1 2023May 15, 20231,101$29.1BAAPLMSFTAMZNvs. Q4 2022SEC
Q4 2022Feb 14, 20231,130$27.7BAAPLMSFTAMZNvs. Q3 2022SEC
Q3 2022Feb 14, 2023Amended1,131$25.4BAAPLMSFTAMZNvs. Q2 2022SEC
Q2 2022Feb 14, 2023Amended1,106$27.0BAAPLMSFTAMZNvs. Q1 2022SEC
Q1 2022Feb 14, 2023Amended1,179$35.2BAAPLMSFTAMZNvs. Q4 2021SEC
Q4 2021Feb 14, 20221,155$39.1BAAPLMSFTAMZNvs. Q3 2021SEC
Q3 2021Nov 15, 20211,220$35.6BAAPLMSFTAMZNvs. Q2 2021SEC
Q2 2021Aug 13, 2021Amended1,246$35.5BAAPLMSFTAMZNvs. Q1 2021SEC
Q1 2021May 14, 20211,195$32.8BAAPLMSFTAMZN–SEC

13D and 13G filings

Companies where AXA S.A. reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

1 company, largest stake first.

Companies where AXA S.A. owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
LFTLument Finance Trust, Inc.13D/A6.40%334.1K shares–Sep 11, 20261 filingSep 11, 2026SEC

Latest filings

6 filings on file made by AXA S.A. or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by AXA S.A.
CompanyFiled (ET)FilerFormStakeChangeEvent dateFiling
LFTLument Finance Trust, Inc.Sep 11, 20264:16 PM ETAXA S.A.and 2 others13D/A6.40%334.1K shares–Sep 9, 2026SEC
ISPOInspirato IncOct 17, 20248:38 AM ETW Capital Partners III, L.P.and 4 others13D/A3.60%364.6K shares0.00 ppfrom 3.60%Below 5%Oct 8, 2024SEC
ISPOInspirato IncOct 10, 20241:26 PM ETW Capital Partners III, L.P.and 4 others13D/A3.60%364.6K shares–Below 5%Oct 8, 2024SEC
REVBRevelation Biosciences, Inc.Feb 12, 202410:19 AM ETAXA IM Prime Impact Master Fund I SCA SICAV-RAIFand 5 others13G/A0.90%56.0K shares–Below 5%Dec 31, 2023SEC
EQHEquitable Holdings, Inc.May 20, 2021AXA S.A.13G/AOld format–––SEC
JMIAJumia Technologies AGFeb 12, 2021AXA S.A.13G/AOld format–––SEC