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CNP Assurances SA
Olivier Guigné · Bank/Insurer · Multi-Strategy
CNP Assurances SA is a leading French personal insurance company and a major institutional investor, with roots tracing back to 1850 through its predecessor institutions. Formally established in 1959 and headquartered in Issy-les-Moulineaux, the firm is now 100% owned by La Banque Postale and operates within the Caisse des Dépôts group. It specializes in life insurance, retirement savings, and personal risk protection, serving over 36 million policyholders across Europe and Latin America. As one of France's largest asset owners, CNP Assurances manages over €400 billion in assets, focusing on long-term value creation. The institution is recognized for its leadership in sustainable finance, maintaining a strong commitment to ESG integration, carbon reduction, and significant investments in green infrastructure and forestry. Its multi-partner distribution model and large-scale investment portfolio make it a pillar of the French financial landscape, balancing traditional insurance offerings with sophisticated global asset management.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | -1.5% |
| YTD return | -7.7% |
| Sharpe ratio | -2.35 |
| Win rate | 0% |
| AUM | $1.9B |
| Inception | Oct 1, 2025 |
| Updated | Sep 4, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $1.9B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.cnp.fr |
Current Holdings
Updated on Sep 4, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| ENGIY | Engie SA ADR | 35.9% | 0.0% |
| VEOEY | Veolia Environnement SA ADR | 28.2% | -0.0% |
| HLLGY | HELLA GmbH & Co KgaA ADR | 17.7% | -0.0% |
| AKZOY | Akzo Nobel NV ADR | 9.5% | -0.0% |
| ORANY | Orange S.A. | 8.8% | 0.0% |
| VALN | Valneva SE ADR | 0.0% | -40.4% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 31, 2026 | BUY | ENGIY | 34.7% → 35.9% |
| Aug 31, 2026 | BUY | VEOEY | 28.1% → 28.2% |
| Aug 31, 2026 | BUY | HLLGY | 16.8% → 17.7% |
| Aug 31, 2026 | BUY | AKZOY | 7.7% → 9.5% |
| Aug 31, 2026 | SELL | ORANY | 12.6% → 8.8% |
Investment Style Analysis
CNP Assurances SA is widely recognized for employing a Multi-Strategy strategy. As of Sep 4, 2026, the firm oversees approximately $1.9B in assets under management (AUM). The portfolio demonstrates a clear preference for the Utilities - Diversified and Waste Management sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 31, CNP Assurances SA made a significant move by increasing exposure to ENGIY. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
CNP Assurances follows a long-term, liability-driven investment philosophy focused on stability, diversification, and systemic responsibility. As a major institutional asset owner, the firm prioritizes fixed-income portfolios to match its long-dated insurance liabilities while actively allocating to equities, real estate, and private assets to capture diversification premiums and growth. A defining element of its strategy is the deep integration of Environmental, Social, and Governance (ESG) criteria, aiming to align financial returns with the ecological and social transition. The institution is a pioneer in climate-aligned investing, actively reducing its carbon footprint and divesting from coal while expanding its green asset base in sectors like renewable energy and sustainable forestry. This approach seeks to provide secure, long-term returns for policyholders through a disciplined, high-conviction investment process that emphasizes risk management and societal impact.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with CNP Assurances SA.
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Frequently asked questions
How is the simulated portfolio for CNP Assurances SA constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is CNP Assurances SA's largest holding?
As of the latest filing, CNP Assurances SA's top position is Engie SA ADR (ENGIY), representing 35.9% of the portfolio. This reflects a high-conviction bet by the institution.
What is CNP Assurances SA's historical performance and risk profile?
Our simulation indicates a total return of -1.5%. Notably, the portfolio maintains a Sharpe Ratio of -2.35, suggesting an standard level of risk-adjusted returns compared to the broader market.
What sectors does CNP Assurances SA primarily invest in?
CNP Assurances SA has a strong preference for the Utilities - Diversified sector, which makes up 35.9% of their disclosed assets. The portfolio also has exposure to Waste Management, indicating a specific thematic focus.
Is CNP Assurances SA's portfolio concentrated or diversified?
CNP Assurances SA runs a highly concentrated portfolio with 6 disclosed positions. The top 3 holdings alone account for 81.7% of the total portfolio weight, suggesting a strategy that favors deep research into a few key names.
How has CNP Assurances SA performed in 2026?
Our AI-simulated model portfolio for CNP Assurances SA tracks a Year-to-Date (YTD) return of -7.7%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Olivier Guigné manage CNP Assurances SA directly?
Yes, Olivier Guigné serves as the key portfolio manager for CNP Assurances SA, overseeing the investment strategy and final capital allocation decisions.