Abc Arbitrage SA reported 260 positions worth $975.34M for the quarter ended Sep 30, 2026, up 16.8% on the prior quarter. It opened 75 new positions, added to 35, trimmed 30 and exited 79. Its largest holding is Nokia Corp at 9.3% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| NOK Nokia Corp | +8.60M | +2,213.1% | $87.20M | 9.34% |
| CX Cemex Sab De Cv | +3.60M | +739.2% | $34.28M | 3.99% |
| BTI British American Tobacco p.l.c. | +551.1K | +75.4% | $29.98M | 7.15% |
| RYAAY Ryanair Holdings Plc | +247.4K | +123.0% | $13.61M | 2.53% |
| GFI Gold Fields Ltd | +356.6K | – | $12.88M | 1.32% |
| TAK Takeda Pharmaceutical Co Ltd | +564.5K | – | $10.27M | 1.05% |
| FMS Fresenius Medical Care AG | +391.2K | +163.2% | $8.76M | 1.45% |
| STM STMicroelectronics N.V. | +143.2K | – | $7.64M | 0.783% |
| MKTX Marketaxess Holdings Inc | +46.2K | – | $7.58M | 0.777% |
| DV DoubleVerify Holdings, Inc. | +547.9K | – | $7.39M | 0.758% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| BP Bp Plc | -628.3K | -79.5% | $27.64M | 0.732% |
| RIO Rio Tinto Plc | -267.5K | -65.8% | $25.19M | 1.34% |
| SHEL Shell plc | -231.1K | -61.1% | $21.97M | 1.43% |
| NVO Novo Nordisk A S | -369.1K | -100.0% | $17.70M | Exited |
| LYG Lloyds Banking Group plc | -2.73M | -47.9% | $15.36M | 1.71% |
| ING Ing Groep Nv | -367.4K | -36.5% | $13.04M | 2.33% |
| HMY Harmony Gold Mining Co Ltd | -503.7K | -100.0% | $7.66M | Exited |
| SNN Smith & Nephew Plc | -263.8K | -70.2% | $7.11M | 0.309% |
| MPC Marathon Petroleum Corp | -16.9K | -85.6% | $6.68M | 0.116% |
| EQNR Equinor Asa | -204.7K | -100.0% | $6.43M | Exited |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| GFI Gold Fields Ltd | +356.6K | $12.88M | 1.32% |
| TAK Takeda Pharmaceutical Co Ltd | +564.5K | $10.27M | 1.05% |
| STM STMicroelectronics N.V. | +143.2K | $7.64M | 0.783% |
| MKTX Marketaxess Holdings Inc | +46.2K | $7.58M | 0.777% |
| DV DoubleVerify Holdings, Inc. | +547.9K | $7.39M | 0.758% |
| ATKR Atkore Inc. | +77.9K | $7.38M | 0.757% |
| HZO Marinemax Inc | +140.6K | $7.35M | 0.754% |
| VREX Varex Imaging Corp | +396.9K | $7.32M | 0.751% |
| SAFT Safety Insurance Group Inc | +70.6K | $7.32M | 0.75% |
| TCBK Trico Bancshares / | +141.7K | $7.25M | 0.744% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| NVO Novo Nordisk A S | -369.1K | $17.70M | 2.12% |
| HMY Harmony Gold Mining Co Ltd | -503.7K | $7.66M | 0.917% |
| EQNR Equinor Asa | -204.7K | $6.43M | 0.769% |
| LOW Lowes Companies Inc | -24.0K | $5.28M | 0.633% |
| MRSH Marsh & Mclennan Companies, Inc. | -31.7K | $5.28M | 0.632% |
| LEN Lennar Corp | -58.1K | $5.26M | 0.629% |
| ARES Ares Management Corp | -45.7K | $5.09M | 0.609% |
| KEY Keycorp | -220.4K | $5.08M | 0.608% |
| COP Conocophillips | -48.8K | $5.07M | 0.607% |
| TFC Truist Financial Corp | -99.8K | $4.97M | 0.595% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | NOK Nokia Corp | Others | 8.99M | $91.14M | 9.34% | +8.60M | +2,213.1% | Added | 0.17% |
| 2 | BTI British American Tobacco p.l.c. | Consumer Staples | 1.28M | $69.75M | 7.15% | +551.1K | +75.4% | Added | 0.06% |
| 3 | DEO Diageo Plc | Consumer Staples | 591.9K | $50.67M | 5.19% | +7,574 | +1.3% | Added | 0.1% |
| 4 | VOD Vodafone Group Public Ltd Co | Communication Services | 2.50M | $40.31M | 4.13% | +69.3K | +2.9% | Added | 0.1% |
| 5 | CX Cemex Sab De Cv | Basic Materials | 4.09M | $38.92M | 3.99% | +3.60M | +739.2% | Added | 0.28% |
| 6 | NWG NatWest Group plc | Financial Services | 1.84M | $33.39M | 3.42% | -19.8K | -1.1% | Reduced | 0.04% |
| 7 | HSBC Hsbc Holdings Plc | Financial Services | 295.7K | $29.37M | 3.01% | +12.1K | +4.3% | Added | 0.01% |
| 8 | IHG Intercontinental Hotels Group Plc | Consumer Discretionary | 182.6K | $29.36M | 3.01% | +28.9K | +18.8% | Added | 0.12% |
| 9 | NGG National Grid Plc | Utilities | 359.5K | $27.26M | 2.79% | +57.6K | +19.1% | Added | 0.03% |
| 10 | RYAAY Ryanair Holdings Plc | Industrials | 448.5K | $24.67M | 2.53% | +247.4K | +123.0% | Added | 0.09% |
| 11 | ING Ing Groep Nv | Financial Services | 638.9K | $22.68M | 2.33% | -367.4K | -36.5% | Reduced | 0.02% |
| 12 | GSK GSK plc | Healthcare | 461.4K | $22.23M | 2.28% | -77.5K | -14.4% | Reduced | 0.02% |
| 13 | AEG Aegon Ltd. | Financial Services | 2.13M | $18.36M | 1.88% | +563.5K | +36.0% | Added | 0.14% |
| 14 | LYG Lloyds Banking Group plc | Financial Services | 2.96M | $16.67M | 1.71% | -2.73M | -47.9% | Reduced | 0.02% |
| 15 | FMS Fresenius Medical Care AG | Healthcare | 631.0K | $14.12M | 1.45% | +391.2K | +163.2% | Added | 0.11% |
Tip. Select a row to see that position’s full history at Abc Arbitrage.
As of its Q3 2026 13F filing, Abc Arbitrage SA’s five largest positions were Nokia Corp (NOK) at 9.3%, British American Tobacco p.l.c. (BTI) at 7.2%, Diageo Plc (DEO) at 5.2%, Vodafone Group Public Ltd Co (VOD) at 4.1%, Cemex Sab De Cv (CX) at 4.0% of the reported portfolio.
Abc Arbitrage SA reported a 13F portfolio worth $975.34M across 260 positions for Q3 2026. That is up 16.8% from the previous quarter.
Its largest purchases by value were Nokia Corp ($87.20M), Cemex Sab De Cv ($34.28M), British American Tobacco p.l.c. ($29.98M). It opened 75 new positions.
Its largest sales by value were Bp Plc ($27.64M), Rio Tinto Plc ($25.19M), Shell plc ($21.97M). It exited 79 positions entirely.
From the Form 13F-HR reports Abc Arbitrage SA files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.