Oddo BHF - ODDO BHF Large Cap List: Holcim, ST Microelectronics and Unilever removed

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Oddo BHF

Thomas Zlowodzki

ODDO BHF Large Cap List: Holcim, ST Microelectronics and Unilever removed

We are removing ST Microelectronics and Unilever from our European Large Caps list; their stock market performance is mixed and we see no catalyst for a short-term rebound. After a stellar performance, we have also exiting Holcim in order to take our profits. Our European Large Caps 2025 list has grown by 28% since its launch, i.e. an outperformance of 14% compared with the Stoxx 600 TR (including dividends).

17/11/2025 1 EN

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Oddo BHF

Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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Analysts

Thomas Zlowodzki

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ODDO BHF Large Cap List: Holcim, ST Microelectronics and Unilever removed

UNIQA : A niche player in a growing CEE market with some residual upside potential

Credit Morning 11/17/2025

Hidroelectrica : Lower electricity production, combined with the increasing share of the supply business, put pressure on margins in Q3 2025

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