<strong>Bdf-Gestion</strong> Q2 2026: Major Increases and Decreases Observed

Bdf-Gestion, a significant investor with substantial portfolio movements observed as of June 30th, 2026.

This quarter saw notable changes across various sectors. The most striking activity involved large increases in specific positions:

• Significant Technology Buys: Bdf-Gestion made substantial purchases in KLA Corp (KLAC), acquiring 29,666 additional shares. They also increased positions significantly in Neurocrine Biosciences Inc (NBIX) and Marvell Technology Inc (MRVL), both by 100% increases from the previous quarter. Additionally, they added shares to their position in Stamps.com Inc (SNDK) and increased holdings of General Electric Co (GE).
• Technology Reductions: The investor reduced their positions in several prominent technology companies, including a 21.92% decrease in shares for NVIDIA Corp (NVDA), and significant reductions or exits from holdings of Apple Inc (AAPL) (-10.64%), Microsoft Corp (MSFT) (-12.81%), and AT&T Inc (T) (-10.11%). They also exited their position in ServiceNow Inc (NOW), reducing shares by 47.96%.
• Healthcare Reduction: Bdf-Gestion reduced its stake in Honeywell International Inc (HON) during the quarter, indicating a divestment or reduction activity not previously held by them.

The observed buying activities primarily targeted companies like KLA Corp, Neurocrine Biosciences, Marvell Technology, Stamps.com, and General Electric. These additions suggest confidence in these specific sectors or individual company prospects.

Conversely, the selling or reduction activities were prominent across other technology giants (NVIDIA, Apple, Microsoft, AT&T) and included an exit from ServiceNow as well as a divestment of Honeywell International shares. This indicates a strategic shift away from these specific large-cap names.

Furthermore, Bdf-Gestion maintained its position in Tenet Healthcare Corp (THC), which saw no change in the number of shares held during this period.