Holdings of Echiquier Hybrid Bonds
La Financière de l'Échiquier · 38 declared positions · as of Mar 31, 2026
Fund report · Ten largest lines: 43.7 % of net assets
Sector breakdown
- Telecommunications filaires 20.8 %
- electricite conventionnelle 16.8 %
- Expert en finance 16.1 %
- Distribution de gaz 8.5 %
- Pharmacie 7.2 %
- Societes petrolieres et gazieres integrees 7.2 %
- Automobiles 3.7 %
- electricite alternative 3.7 %
- Semi conducteurs 3.0 %
- Composants et equipements electriques 2.9 %
- Eau 2.7 %
- Others 7.3 %
Sectors from the fund report. Weights in % of net assets.
Currency breakdown
- EUR 100.0 %
The quoted currency of each line, as declared.
Positions
| Rank | Company | Currency | Shares | Value | Weight |
|---|---|---|---|---|---|
| 1 | NEXTERA ENERGY CAPITAL VAR 15/05/2056 electricite conventionnelle | EUR | 6,500,000 | 6.4M € | 5.47 % |
| 2 | ENEL SPA VAR PERPETUAL electricite conventionnelle | EUR | 5,500,000 | 6.2M € | 5.31 % |
| 3 | SNAM SPA VAR PERPETUAL Distribution de gaz | EUR | 6,000,000 | 6.1M € | 5.20 % |
| 4 | ORANGE SA VAR PERPETUAL Telecommunications filaires | EUR | 5,000,000 | 5.4M € | 4.65 % |
| 5 | TOTALENERGIES SE VAR PERP 31/12/2099 Societes petrolieres et gazieres integrees | EUR | 5,000,000 | 5M € | 4.29 % |
| 6 | MERCK KGAA VAR 24/11/2055 Pharmacie | EUR | 5,000,000 | 4.9M € | 4.18 % |
| 7 | TELEFONICA EUROPE BV VAR PERP Telecommunications filaires | EUR | 4,000,000 | 4.4M € | 3.80 % |
| 8 | IBERDROLA FINANZAS SAU VAR PERPETUAL 31/12/2099 Expert en finance | EUR | 4,000,000 | 4.3M € | 3.67 % |
| 9 | STELLANTIS NV VAR PERPETUAL 31/12/2099 Automobiles | EUR | 4,500,000 | 4.3M € | 3.66 % |
| 10 | VOKLSWAGEN INTL FIN NV PERP 31/12/2099 Expert en finance | EUR | 4,000,000 | 4.1M € | 3.51 % |
| 11 | APA INFRASTRUCTURE VAR 09/11/2083 Distribution de gaz | EUR | 3,500,000 | 3.8M € | 3.23 % |
| 12 | TELIA COMPANY AB VAR 21/2/2082 Telecommunications filaires | EUR | 3,500,000 | 3.6M € | 3.08 % |
| 13 | BP CAPITAL MARKETS PLC VAR PERP Expert en finance | EUR | 3,500,000 | 3.5M € | 3.04 % |
| 14 | MERCK KGAA VAR 27/08/2054 Pharmacie | EUR | 3,500,000 | 3.5M € | 3.01 % |
| 15 | INFINEON TECHNOLOGIES AG VAR PERPETUAL Semi conducteurs | EUR | 3,500,000 | 3.5M € | 2.98 % |
| 16 | DEUTSCHE BOERSE AG VAR 23/06/2048 Expert en finance | EUR | 3,500,000 | 3.4M € | 2.94 % |
| 17 | IBERDROLA INTL BV VAR PERPETUAL Composants et equipements electriques | EUR | 3,500,000 | 3.4M € | 2.91 % |
| 18 | OMV AG VAR PERP Societes petrolieres et gazieres integrees | EUR | 3,500,000 | 3.4M € | 2.90 % |
| 19 | VODAFONE GROUP PLC VAR 30/08/2084 Telecommunications filaires | EUR | 3,000,000 | 3.3M € | 2.82 % |
| 20 | VEOLIA ENVIRONNEMENT SA VAR PERP Eau | EUR | 3,200,000 | 3.1M € | 2.66 % |
| 21 | ROQUETTE FRERES SA VAR PERPETUAL Transformation des fruits et des cereales | EUR | 3,000,000 | 3M € | 2.58 % |
| 22 | TELEFONICA EMISIONES SAU VAR PERP 31/12/2099 Telecommunications filaires | EUR | 3,000,000 | 2.9M € | 2.47 % |
| 23 | GRAND CITY PROP FINANCE VAR PERPETUAL 31/12/2099 Expert en finance | EUR | 3,000,000 | 2.8M € | 2.43 % |
| 24 | VATTENFALL AB 3% 19/03/2077 electricite conventionnelle | EUR | 2,500,000 | 2.5M € | 2.13 % |
| 25 | VERIZON COMMUNICATIONS VAR 15/06/2056 Telecommunications filaires | EUR | 2,500,000 | 2.5M € | 2.10 % |
| 26 | EDP ENERGIAS DE PORTUGAL VAR 23/4/2083 electricite alternative | EUR | 2,000,000 | 2.2M € | 1.87 % |
| 27 | ENGIE SA VAR PERPTUAL 31/12/2099 Services multiples aux collectivites | EUR | 2,000,000 | 2.1M € | 1.81 % |
| 28 | KONINKLIJKE KPN NV VAR PERPETUAL Telecommunications filaires | EUR | 2,000,000 | 2.1M € | 1.77 % |
| 29 | ELECTRICITE FRANCESA VAR PERPETUAL electricite conventionnelle | EUR | 1,600,000 | 1.8M € | 1.50 % |
| 30 | UNIBAI RODAMCO-WESTFLD VAR PERPETUAL 31/12/2099 SCPI bien immobilier destine a la vente au detail | EUR | 1,500,000 | 1.5M € | 1.31 % |
| 31 | EDP SA VAR 16/09/2054 electricite alternative | EUR | 1,500,000 | 1.5M € | 1.28 % |
| 32 | ELECTRICITE DE FRANCE SA VAR PERPETUAL electricite conventionnelle | EUR | 1,200,000 | 1.3M € | 1.08 % |
| 33 | TERNA RETE ELETTRICA VAR PERP 31/12/2099 electricite conventionnelle | EUR | 1,000,000 | 1.1M € | 0.91 % |
| 34 | UNIBAIL PERP VAR 31/12/2099 SCPI bien immobilier destine a la vente au detail | EUR | 1,000,000 | 1M € | 0.88 % |
| 35 | IREN SPA VAR PERP 31/12/2099 Services multiples aux collectivites | EUR | 800,000 | 823.4K € | 0.71 % |
| 36 | ORSTED AS VAR 18/02/3021 electricite alternative | EUR | 800,000 | 674.5K € | 0.58 % |
| 37 | REPSOL INTERNATIONAL FINANCE VAR PERPETUAL Expert en finance | EUR | 500,000 | 509.9K € | 0.44 % |
| 38 | ELECTRICITE DE FRANCE SA VAR PERPETUAL electricite conventionnelle | EUR | 400,000 | 384.2K € | 0.33 % |
Source: report published by Echiquier Hybrid Bonds.