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Livermore
Livermore
ZHEN

BNP Paribas Arbitrage, SA

SEC CIK
0001166588
Latest filing
Aug 13, 2026

The latest 13F from BNP Paribas Arbitrage, SA covers Q2 2026 (filed Aug 13, 2026): 5,105 long positions worth $191.4B. The top 10 holdings make up 21.9% of the portfolio, and the largest is Micron Technology Inc (MU) at 4.9%. Livermore has 27 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
392
Est. +$1.83B
Added
2078
Est. +$32.8B
Reduced
1990
Est. −$22.1B
Sold out
331
Est. −$1.66B

Top 5 holdings

Share of this quarter's portfolio value

  1. MUMicron Technology Inc
    4.9%$9.35BHistory
  2. NVDANVIDIA Corp
    3.5%$6.65BHistory
  3. AMZNAmazon Com Inc
    2.1%$4.01BHistory
  4. TSLATesla, Inc.
    2.0%$3.80BHistory
  5. GOOGLAlphabet Inc.
    1.8%$3.54BHistory

Biggest buys

New and added positions, by estimated amount bought

  1. MUMicron Technology Inc
    +$3.96BAddedHistory
  2. AMDAdvanced Micro Devices Inc
    +$915.2MAddedHistory
  3. TSLATesla, Inc.
    +$826.4MAddedHistory
  4. GOOGLAlphabet Inc.
    +$652.0MAddedHistory
  5. iShares Tr464288257
    +$515.1MAdded

Largest weight increases

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

  1. MUMicron Technology Inc
    +3.85 pp1.0% → 4.9%History
  2. AMDAdvanced Micro Devices Inc
    +1.20 pp0.6% → 1.8%History
  3. INTCIntel Corp
    +0.62 pp0.4% → 1.0%History
  4. iShares Inc464286772
    +0.40 pp0.4% → 0.9%
  5. LRCXLam Research Corp
    +0.33 pp0.3% → 0.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MSFTMicrosoft Corp
    −$2.06BReducedHistory
  2. State Street SPDR S&P Biotech ETF78464A870
    −$692.8MReduced
  3. iShares Iboxx $ Investment Grade Corporate Bond ETF464287242
    −$668.1MReduced
  4. SNDKSandisk Corp
    −$588.2MReducedHistory
  5. TXNTexas Instruments Inc
    −$562.6MReducedHistory

Largest weight decreases

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

  1. MSFTMicrosoft Corp
    −1.70 pp3.1% → 1.4%History
  2. iShares Iboxx $ Investment Grade Corporate Bond ETF464287242
    −0.44 pp0.4% → <0.1%
  3. State Street SPDR S&P Biotech ETF78464A870
    −0.39 pp1.8% → 1.4%
  4. AVGOBroadcom Inc.
    −0.34 pp1.6% → 1.3%History
  5. AAPLApple Inc.
    −0.32 pp1.9% → 1.6%History

Metrics

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

Portfolio value
$191.4B
+$39.5B (+26.0%) vs. prior quarter
Positions
5,105
+61 vs. prior quarter
Top 10 concentration
21.9%
Top 10 as share of value
Turnover
13.8%
Q2 2026, one quarter
Average holding period
19.3 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 $191.4B (Q2 2026)

Q1 2021: $45.9BQ2 2021: $51.8BQ3 2021: $42.4BQ4 2021: $41.8BQ1 2022: $50.4BQ2 2022: $44.3BQ3 2022: $39.2BQ4 2022: $39.8BQ1 2023: $46.3BQ2 2023: $50.6BQ3 2023: $45.0BQ4 2023: $55.0BQ1 2024: $81.1BQ2 2024: $92.5BQ3 2024: $102.8BQ4 2024: $129.3BQ1 2025: $130.9BQ2 2025: $128.6BQ3 2025: $128.2BQ4 2025: $158.0BQ1 2026: $151.9BQ2 2026: $191.4B
Q1 2021Q2 2026
13F filings of BNP Paribas Arbitrage, SA by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 20265,105$191.4BMUNVDAAMZNvs. Q1 2026SEC
Q1 2026May 12, 20265,044$151.9BNVDAMSFTAMZNvs. Q4 2025SEC
Q4 2025Feb 10, 20264,902$158.0BNVDAMSFTAAPLvs. Q3 2025SEC
Q3 2025Nov 13, 20254,746$128.2BNVDAMSFTMETAvs. Q2 2025SEC
Q2 2025Aug 14, 20254,616$128.6BNVDAMSFTAAPLvs. Q1 2025SEC
Q1 2025May 14, 20254,538$130.9BAAPLNVDAMSFTvs. Q4 2024SEC
Q4 2024Feb 14, 20254,542$129.3BNVDAMSFTAAPLvs. Q3 2024SEC
Q3 2024Nov 13, 20243,408$102.8BNVDAMSFTAAPLvs. Q2 2024SEC
Q2 2024Aug 13, 20243,356$92.5BNVDAMSFTAAPLvs. Q1 2024SEC
Q1 2024May 1, 20243,354$81.1BMSFTAAPLNVDAvs. Q4 2023SEC
Q4 2023Feb 14, 2024Amended3,286$55.0BAMZNAAPLMSFTvs. Q3 2023SEC
Q3 2023Nov 14, 20233,227$45.0BMSFTAAPLiShares Russell 2000 ETFvs. Q2 2023SEC
Q2 2023Aug 9, 20233,292$50.6BBABAAAPLMSFTvs. Q1 2023SEC
Q1 2023May 12, 20233,212$46.3BSPYAMZNMSFTvs. Q4 2022SEC
Q4 2022Feb 14, 20233,362$39.8BAAPLMSFTAMZNvs. Q3 2022SEC
Q3 2022Nov 16, 2022Amended4,016$39.2BMSFTSPYAAPLvs. Q2 2022SEC
Q2 2022Aug 12, 20223,447$44.3BMSFTAAPLSPYvs. Q1 2022SEC
Q1 2022May 18, 2022Amended3,570$50.4BInvesco QQQ Trust Series ISPYMSFTvs. Q4 2021SEC
Q4 2021Feb 9, 20223,552$41.8BMSFTAAPLAMZNvs. Q3 2021SEC
Q3 2021Nov 16, 2021Amended3,410$42.4BiShares Russell 2000 ETFSPYAAPLvs. Q2 2021SEC
Q2 2021Aug 10, 20213,448$51.8BSPYAAPLMSFTvs. Q1 2021SEC
Q1 2021May 7, 20213,417$45.9BAAPLInvesco QQQ Trust Series IMSFT–SEC

13D and 13G filings

Companies where BNP Paribas Arbitrage, SA 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 BNP Paribas Arbitrage, SA owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
DNUTKrispy Kreme, Inc.13G9.20%15.5M shares–Feb 1, 20232 filingsJan 25, 2024SEC

Latest filings

3 filings on file made by BNP Paribas Arbitrage, SA or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by BNP Paribas Arbitrage, SA
CompanyFiled (ET)FormStakeChangeEvent dateFiling
DNUTKrispy Kreme, Inc.Jan 25, 20245:56 PM ET13G9.20%15.5M shares–Dec 31, 2023SEC
DNUTKrispy Kreme, Inc.Feb 1, 202313GOld format–New–SEC
MCSMarcus CorpJan 28, 202213GOld format–New–SEC