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Econopolis NV
Geert Noels · Asset Manager · Macro
Econopolis NV is an independent Belgian asset management firm founded in 2009 by economist Geert Noels. Established during the financial crisis, the firm was built on principles of transparency, sustainability, and long-term macro-economic analysis, largely informed by Noels' influential book, 'Econoshock'. Based in Antwerp, the institution provides private wealth management, institutional asset management, and multi-family office services to a diverse clientele. The firm focuses on navigating structural global shifts through active, high-conviction investment strategies across asset classes including equities, fixed income, and private equity. Econopolis distinguishes itself by avoiding traditional benchmark-driven constraints, instead prioritizing capital preservation and thematic growth that aligns with the 'new economic reality' of the 21st century. With a global perspective that includes a presence in Singapore and Switzerland, the firm integrates environmental, social, and governance factors to ensure long-term sustainable returns.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +38.9% |
| YTD return | +29.9% |
| Sharpe ratio | 3.84 |
| Win rate | 57% |
| AUM | $0.6B |
| Inception | Oct 1, 2025 |
| Updated | Sep 4, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.6B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.econopolis.be |
Current Holdings
Updated on Sep 4, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| AMAT | Applied Materials Inc | 9.8% | +49.5% |
| TSM | Taiwan Semiconductor Manufacturing | 8.7% | +42.8% |
| GOOGL | Alphabet Inc Class A | 8.3% | +30.4% |
| IBDRY | Iberdrola SA | 6.5% | 0.0% |
| NVDA | NVIDIA Corporation | 6.0% | +20.6% |
| ABBNY | ABB Ltd | 5.7% | 0.0% |
| SIEGY | Siemens AG ADR | 5.0% | +5.8% |
| AMZN | Amazon.com Inc | 4.9% | +14.1% |
| BLK | BlackRock Inc | 4.5% | +3.4% |
| ANET | Arista Networks | 4.3% | +28.3% |
| TMO | Thermo Fisher Scientific Inc | 4.3% | +17.1% |
| MSFT | Microsoft Corporation | 4.2% | +0.8% |
| LLY | Eli Lilly and Company | 3.9% | -4.4% |
| FTNT | Fortinet Inc | 3.7% | +76.7% |
| BKNG | Booking Holdings Inc | 3.7% | +4.6% |
| AIQUY | Air Liquide SA ADR | 3.7% | +7.1% |
| AZN | AstraZeneca PLC | 3.6% | -10.8% |
| SPGI | S&P Global Inc | 3.1% | +0.9% |
| UL | Unilever PLC ADR | 3.1% | +2.7% |
| AEM | Agnico Eagle Mines Limited | 2.9% | +15.3% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 10, 2026 | BUY | AMZN | 4.9% → 4.9% |
| Aug 10, 2026 | SELL | UL | 3.2% → 3.1% |
| Aug 10, 2026 | BUY | BLK | 4.5% → 4.5% |
| Aug 10, 2026 | BUY | ABBNY | 5.7% → 5.7% |
| Aug 10, 2026 | SELL | AZN | 3.9% → 3.6% |
Investment Style Analysis
Econopolis NV is widely recognized for employing a Macro strategy. As of Sep 4, 2026, the firm oversees approximately $0.6B in assets under management (AUM). The portfolio demonstrates a clear preference for the Semiconductors and Semiconductor Equipment & Materials sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 10, Econopolis NV made a significant move by increasing exposure to AMZN. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Econopolis operates under a top-down, conviction-based investment philosophy that prioritizes macro-economic analysis and structural long-term themes over short-term market fluctuations. The firm rejects passive indexing, advocating for an active management style designed to navigate the complexity of the modern financial landscape. Central to its strategy is the 'Econoshock' framework, which identifies key global shifts such as demographic changes, digitalization, and the transition to a sustainable economy as primary drivers of value. By integrating ESG criteria into its core decision-making process, Econopolis seeks to manage risk effectively while achieving robust capital growth. The institution values transparency and independence, ensuring that its investment choices are unconstrained by industry benchmarks and focused solely on protecting and enhancing the wealth of its clients through balanced, forward-looking portfolio construction.
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 Econopolis NV.
Similar Investment Style
Based on Macro.
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- Caxton Associates (USA) LLC — Andrew Law · 3M +6.8%
- Bridgewater Associates — Nir Bar Dea · 3M +1.9%
Frequently asked questions
How is the simulated portfolio for Econopolis NV 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 Econopolis NV's largest holding?
As of the latest filing, Econopolis NV's top position is Applied Materials Inc (AMAT), representing 9.8% of the portfolio. This reflects a high-conviction bet by the institution.
What is Econopolis NV's historical performance and risk profile?
Our simulation indicates a total return of +38.9% with a win rate of 57%. Notably, the portfolio maintains a Sharpe Ratio of 3.84, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Econopolis NV primarily invest in?
Econopolis NV has a strong preference for the Semiconductors sector, which makes up 14.7% of their disclosed assets. The portfolio also has exposure to Semiconductor Equipment & Materials, indicating a specific thematic focus.
Is Econopolis NV's portfolio concentrated or diversified?
Econopolis NV runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 26.8% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Econopolis NV performed in 2026?
Our AI-simulated model portfolio for Econopolis NV tracks a Year-to-Date (YTD) return of +29.9%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Geert Noels manage Econopolis NV directly?
Yes, Geert Noels serves as the key portfolio manager for Econopolis NV, overseeing the investment strategy and final capital allocation decisions.