Boussard & Gavaudan Investment Management LLP reported 28 positions worth $218.24M for the quarter ended Mar 31, 2026, down 43.6% on the prior quarter. It opened 11 new positions, added to 5, trimmed 3 and exited 22. Its largest holding is Warner Bros. Discovery, Inc. at 28.7% 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 | Trade Value | Weight |
|---|---|---|---|
| WBD Warner Bros. Discovery, Inc. | +1.57M +216.6% | $42.79M | 28.66% |
| WTM White Mountains Insurance Group Ltd | +14.0K | $30.97M | 14.19% |
| NSC Norfolk Southern Corp | +32.5K +31.5% | $9.22M | 17.65% |
| ALUB Alussa Energy Acquisition Corp. II | +700.0K | $6.99M | 3.2% |
| WAT Waters Corp | +20.8K | $6.20M | 2.84% |
| PEN Penumbra Inc | +18.1K | $5.94M | 2.72% |
| COUR Coursera, Inc. | +731.8K | $4.26M | 1.95% |
| EL Estee Lauder Companies Inc | +57.8K | $3.96M | 1.81% |
| MICC Magnum Ice Cream Co N.V. | +226.5K | $3.32M | 1.52% |
| GDDY GoDaddy Inc. | +27.8K | $2.29M | 1.05% |
| Holding | Change | Trade Value | Weight |
|---|---|---|---|
| BX Blackstone Inc. | -265.0K -100.0% | $41.02M | Exited |
| AAPL Apple Inc. | -119.0K -100.0% | $32.50M | Exited |
| INTC Intel Corp | -730.0K -100.0% | $27.23M | Exited |
| COST Costco Wholesale Corp | -30.0K -100.0% | $25.97M | Exited |
| AXTA Axalta Coating Systems Ltd. | -639.9K -100.0% | $20.99M | Exited |
| MSFT Microsoft Corp | -30.0K -100.0% | $14.62M | Exited |
| NVDA Nvidia Corp | -70.0K -100.0% | $13.13M | Exited |
| KLAC Kla Corp | -100.0K -100.0% | $12.45M | Exited |
| AMZN Amazon Com Inc | -50.0K -100.0% | $11.63M | Exited |
| TSLA Tesla, Inc. | -25.0K -100.0% | $11.36M | Exited |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| WTM White Mountains Insurance Group Ltd | +14.0K | $30.97M | 14.19% |
| ALUB Alussa Energy Acquisition Corp. II | +700.0K | $6.99M | 3.2% |
| WAT Waters Corp | +20.8K | $6.20M | 2.84% |
| PEN Penumbra Inc | +18.1K | $5.94M | 2.72% |
| COUR Coursera, Inc. | +731.8K | $4.26M | 1.95% |
| EL Estee Lauder Companies Inc | +57.8K | $3.96M | 1.81% |
| MICC Magnum Ice Cream Co N.V. | +226.5K | $3.32M | 1.52% |
| GDDY GoDaddy Inc. | +27.8K | $2.29M | 1.05% |
| SMTC Semtech Corp | +20.6K | $1.51M | 0.694% |
| SUNB Sunbelt Rentals Holdings, Inc. | +19.4K | $1.23M | 0.562% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| BX Blackstone Inc. | -265.0K | $41.02M | 10.59% |
| AAPL Apple Inc. | -119.0K | $32.50M | 8.39% |
| INTC Intel Corp | -730.0K | $27.23M | 7.03% |
| COST Costco Wholesale Corp | -30.0K | $25.97M | 6.71% |
| AXTA Axalta Coating Systems Ltd. | -639.9K | $20.99M | 5.42% |
| MSFT Microsoft Corp | -30.0K | $14.62M | 3.78% |
| NVDA Nvidia Corp | -70.0K | $13.13M | 3.39% |
| KLAC Kla Corp | -100.0K | $12.45M | 3.22% |
| AMZN Amazon Com Inc | -50.0K | $11.63M | 3% |
| TSLA Tesla, Inc. | -25.0K | $11.36M | 2.93% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | WBD Warner Bros. Discovery, Inc. | Communication Services | 2.30M | $62.55M | 28.66% | +1.57M | +216.6% | Added | 0.09% |
| 2 | NSC Norfolk Southern Corp | Industrials | 135.9K | $38.52M | 17.65% | +32.5K | +31.5% | Added | 0.06% |
| 3 | WTM White Mountains Insurance Group Ltd | Financial Services | 14.0K | $30.97M | 14.19% | +14.0K | – | New | 0.56% |
| 4 | RAC Rithm Acquisition Corp. | Financial Services | 768.0K | $8.04M | 3.68% | 0 | 0.0% | Unchanged | 2.61% |
| 5 | OACC Oaktree Acquisition Corp. III Life Sciences | Financial Services | 720.0K | $7.62M | 3.49% | 0 | 0.0% | Unchanged | 2.4% |
| 6 | ALUB Alussa Energy Acquisition Corp. II | Financial Services | 700.0K | $6.99M | 3.2% | +700.0K | – | New | 1.95% |
| 7 | WAT Waters Corp | Healthcare | 20.8K | $6.20M | 2.84% | +20.8K | – | New | 0.03% |
| 8 | PEN Penumbra Inc | Healthcare | 18.1K | $5.94M | 2.72% | +18.1K | – | New | 0.05% |
| 9 | BCSS Bain Capital GSS Investment Corp. | Financial Services | 500.0K | $5.05M | 2.31% | 0 | 0.0% | Unchanged | 3.3% |
| 10 | DD DuPont de Nemours, Inc. | Basic Materials | 34.9K | $4.73M | 2.17% | +8,042 | +29.9% | Added | 0.03% |
| 11 | LLYVK Liberty Live Holdings, Inc. | Communication Services | 48.4K | $4.42M | 2.02% | 0 | 0.0% | Unchanged | 0.08% |
| 12 | CTRI Centuri Holdings, Inc. | Industrials | 154.3K | $4.39M | 2.01% | -63.5K | -29.2% | Reduced | 0.15% |
| 13 | COUR Coursera, Inc. | Technology | 731.8K | $4.26M | 1.95% | +731.8K | – | New | 0.43% |
| 14 | EL Estee Lauder Companies Inc | Consumer Staples | 57.8K | $3.96M | 1.81% | +57.8K | – | New | 0.02% |
| 15 | LLYVA Liberty Live Holdings, Inc. | Communication Services | 41.9K | $3.72M | 1.7% | 0 | 0.0% | Unchanged | 0.16% |
Tip. Select a row to see that position’s full history at Boussard & Gavaudan Investment Management LLP.
As of its Q1 2026 13F filing, Boussard & Gavaudan Investment Management LLP’s five largest positions were Warner Bros. Discovery, Inc. (WBD) at 28.7%, Norfolk Southern Corp (NSC) at 17.6%, White Mountains Insurance Group Ltd (WTM) at 14.2%, Rithm Acquisition Corp. (RAC) at 3.7%, Oaktree Acquisition Corp. III Life Sciences (OACC) at 3.5% of the reported portfolio.
Boussard & Gavaudan Investment Management LLP reported a 13F portfolio worth $218.24M across 28 positions for Q1 2026. That is down 43.6% from the previous quarter.
Its largest purchases by value were Warner Bros. Discovery, Inc. ($42.79M), White Mountains Insurance Group Ltd ($30.97M), Norfolk Southern Corp ($9.22M). It opened 11 new positions.
Its largest sales by value were Blackstone Inc. ($41.02M), Apple Inc. ($32.50M), Intel Corp ($27.23M). It exited 22 positions entirely.
From the Form 13F-HR reports Boussard & Gavaudan Investment Management LLP 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.