Bpifrance SA Portfolio Holdings

Q3 2025•2 long positions•$2.0B portfolio value

Holding3	Sector	Position↕	Traded↕	Ownership↕	Shares Δ↕	Shares Δ %	Market Cap↕	Owned Since↕
1 Stellantis STLA	Auto - Manufacturers Consumer Cyclical	$1.8B 90.48%	—	6.67% 192.7M shares	—	—	$27.0B Large Cap	Q1 2021 Held for 4y 8m
2 Constellium CSTM	Aluminum Basic Materials	$187.4M 9.52%	—	9.03% 12.6M shares	—	—	$2.1B Mid Cap	Q3 2021 Held for 4y 2m
3 Sequans Communications S.A. SQNS	Unknown Unknown	- —	-$463.9K Sold	— - shares	31.6K → 0 −$463.9K	Sold	— —	Q4 2022 Held for 2y 11m

Holding3	Sector	Position↕	Traded↕	Ownership↕	Shares Δ↕	Shares Δ %	Market Cap↕	Owned Since↕
1 Stellantis STLA	Auto - Manufacturers Consumer Cyclical	$1.8B 90.48%	—	6.67% 192.7M shares	—	—	$27.0B Large Cap	Q1 2021 Held for 4y 8m
2 Constellium CSTM	Aluminum Basic Materials	$187.4M 9.52%	—	9.03% 12.6M shares	—	—	$2.1B Mid Cap	Q3 2021 Held for 4y 2m
3 Sequans Communications S.A. SQNS	Unknown Unknown	- —	-$463.9K Sold	— - shares	31.6K → 0 −$463.9K	Sold	— —	Q4 2022 Held for 2y 11m

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