TOBAM

Long Only Manager

TOBAM is a Long Only Manager led by Christophe Eugéne Jean Lemarié, reporting $1.2B in AUM as of Q3 2025 with MSTR as the largest holding (3% allocation).

CEOChristophe Eugéne Jean Lemarié

Portfolio Value: $272.0M
Positions: 243
Top Holding: MSTR at 3.22%
Last Reported: Q3 2025

Address24-26 Avenue Des Champs Elys�es, Paris, 75008, France

Top Holdings

Largest long holdings in TOBAM's portfolio (27.5% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 MicroStrategy MSTR	Software - Application Technology	$8.8M	3.22%	+$4.5M Bought	0.01% 27.2K shares	Q2 2021 Held for 4y 5m
2 Consolidated Edison ED	Regulated Electric Utilities	$7.6M	2.80%	+$1.4M Bought	0.02% 75.8K shares	Q4 2014 Held for 10y 11m
3 Hershey HSY	Food Confectioners Consumer Defensive	$7.6M	2.78%	-$535.5K Sold	0.02% 40.4K shares	Q1 2017 Held for 8y 8m
4 Cboe Global Markets CBOE	Financial - Data & Stock Exchanges Financial Services	$7.5M	2.77%	-$374.5K Sold	0.03% 30.8K shares	Q2 2017 Held for 8y 5m
5 Kroger KR	Grocery Stores Consumer Defensive	$7.5M	2.76%	+$1.9M Bought	0.02% 111.5K shares	Q1 2016 Held for 9y 8m
6 Church & Dwight CHD	Household & Personal Products Consumer Defensive	$7.5M	2.75%	+$783.8K Bought	0.04% 85.4K shares	Q1 2018 Held for 7y 8m
7 Verizon Communications VZ	Telecommunications Services Communication Services	$7.5M	2.74%	-$28.2K Sold	0.00% 169.6K shares	Q4 2018 Held for 6y 11m
8 AT&T T	Telecommunications Services Communication Services	$7.4M	2.72%	+$89.1K Bought	0.00% 262.3K shares	Q3 2020 Held for 5y 2m
9 Cencora COR	Medical - Distribution Healthcare	$6.9M	2.53%	+$3.6M Bought	— 22.1K shares	Q4 2022 Held for 2y 11m
10 Clorox CLX	Household & Personal Products Consumer Defensive	$6.7M	2.46%	+$677.8K Bought	0.04% 54.3K shares	Q3 2014 Held for 11y 2m

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in TOBAM's latest filing

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GthenC

Market Value

$272.0M

Prior: $250.4M

Q/Q Change

+8.63%

+$21.6M

Net Flows % of MV

+2.18%

Turnover Ratio

20.28%

New Purchases

6 stocks

$5.3M

Added To

80 stocks

+$52.2M

Sold Out Of

35 stocks

$13.0M

Reduced Holdings

89 stocks

-$38.6M

Increased Positions

Position	Shares Δ	Change
1 JHX James Hardie Industries plc JHX	New	0 → 89.4K +$1.7M
2 JHX James Hardie Industries JHX	New	0 → 89.4K +$1.7M
3 Astera Labs, Inc. ALAB	New	0 → 5.8K +$1.1M
4 Semler Scientific SMLR	New	0 → 23.9K +$716.4K
5 SoFi Technologies, Inc. SOFI	New	0 → 1.7K +$45.8K

Decreased Positions

Position	Shares Δ	Change
1 Campbell Soup CPB	Sold	102.5K → 0 −$3.1M
2 Service Corporation International SCI	Sold	17.9K → 0 −$1.5M
3 Molina Healthcare MOH	Sold	4.9K → 0 −$1.4M
4 Akamai Technologies AKAM	Sold	16.1K → 0 −$1.3M
5 Conagra Brands CAG	Sold	54.1K → 0 −$1.1M