Recently, BNP PARIBAS ARBITRAGE, SA, a subsidiary of BNP Paribas, disclosed 13F documents, announcing its positions in US stocks in the first quarter ended March 31, 2021, with an overall portfolio market capitalization of $68.346 billion, up 27% from $53.762 billion at the end of 2020.

A total of 2294 US stocks held by France and Pakistan were increased, 146new positions were built in the first quarter, and 290 securities were cleared.

The top ten positions accounted for 16%, and the Nasdaq short option ranked first.

Among the top ten securities held by the Bank of France and Pakistan, the technology giants are more familiar to investors.$Apple Inc (AAPL.US) $、$Microsoft Corp (MSFT.US) $、$BABA (BABA.US) $Among them, Apple Inc and Microsoft Corp increased their holdings by 290% and 283% respectively in the first quarter.

In addition, there are a lot of index ETF in the position of France and Pakistan. Among them$PowerShares QQQ Trust, Series 1 (QQQ.US) $Ranked third, with a market capitalization of $1.2 billion, it is worth noting that QQQ's short options ranked first.

In addition, the index ETF has$MSCI Global ETF-iShares (ACWI.US) $、$SPDR S & P Biotech ETF-SPDR (XBI.US) $And ETF, which is the most actively traded in the US stock market.S & P 500 ETF-SPDR (SPY.US) $It is only the ninth largest position.

Increase the holdings of Baidu, Inc. and NIO Inc., and build new positions on ARKK short options

In terms of the proportion of increasing holdings, France and Pakistan increased their holdings significantly in the first quarter.$CRIS.US (Curie) $、$Qudian Inc (QD.US) $、Commodity Index ETF-PowerShares DB (DBC.US) $、$Playa Hotels & Resorts NV (PLYA.US) $Wait. But these securities have a small market capitalization and a low proportion of the portfolio.

It is worth noting that the Bank of France and Pakistan has increased its positions in Chinese-listed stocks such as Baidu, Inc., JD.com, Pinduoduo and NIO Inc.. The specific number of positions is as follows:

The securities of 21Q1 are mainly short and long options of all kinds of ETF, among whichBond Index ETF-iShares iBoxx High yield Corporate Bonds (HYG.US) $The long option won the largest position, with a market capitalization of $372 million.

In addition$ARK Innovation ETF (ARKK.US) $Short options and Latin American e-commerce platform$MercadoLibre Inc (MELI.US) $Bullish options have also been increased on a large scale.

ARKK is down 11% this year, and its heavy stock, Tesla, Inc., has retreated 23% from its peak.

Star stock options reduced

In the first quarter, the larger securities sold by France and Pakistan are short and put options of star companies, among which the related options of Apple Inc, Tesla, Inc., Amazon.Com Inc and NVIDIA Corp are in the forefront.

Clearing securities are also dominated by options, but these options have previously been held on a small scale.