Fund Sentiment Leaderboard: Belgium

This Fund Sentiment Leaderboard for Belgium provides much of the same data as our Global Fund Sentiment Leaderboard, but focused on individual countries.

The Fund Sentiment Leaderboard uses an advanced quantitative model to find the companies being acquired by large funds (hedge funds, pension funds, etc).

This model is a proprietary, multifactor model that uses a number of factors, including the increase in the number of disclosed owners and the changes in average allocation across disclosed owners. The number ranges from 0 to 100, with higher numbers indicating a higher level of accumulation to its peers, and 50 being the average.

Owners Count is the total number of entities that have disclosed positions in the company. The Owners Count Percent Change is the percent change in this count during the last 90 days. Average Allocation is the average portfolio allocation disclosed by all owners of the security. The Allocation Change (%) is the average percent change in allocation between filings.

Allocation Change: This is the average change in allocation during the last reporting period. It is calculated as current allocation - prior allocation

Allocation Change %: This is the average percent change in allocation during the last reporting period. It is calculated as (current allocation - prior allocation) / prior allocation

Country:

Country Rank	Global Rank	Company	Market Cap (MM)	Prior Owners Count	Owners Count	Owners Count Change (%)	Allocation (%)	Allocation Change	Allocation Change (%)	Fund Sentiment Score
1	700	ELI / Elia Group SA/NV Elia Group S.A. is a Belgium-based company primarily operating in the energy sector. The company is a key player in the European electricity transmission market, owning and operating high-voltage electricity transmission systems in Belgium (Elia) and north-east Germany (50Hertz). Elia Group's mission is to ensure the reliable and efficient transmission of electricity from producers to distribution system operators and major industrial consumers.	10,283.01	202	215	6.44	0.1661	0.0878	112.27	92.43
2	761	KBCA / KBC Ancora SA KBC Ancora C.V.A., based in Belgium, operates in the financial sector as a holding company. The company's primary role is to manage its controlling stake in KBC Group, one of the largest financial groups in the country, which provides integrated bank-insurance services to about 11 million clients globally. KBC Ancora's main purpose is to ensure the continued existence of the KBC Group through its shareholder stability and support, particularly during turbulent market conditions.		45	51	13.33	0.2451	0.0531	27.66	92.15
3	1185	GIMB / Gimv NV GIMV N.V., based in Belgium, is a leading European investment company with more than three decades of experience in private equity and venture capital. Operating in the financial industry, GIMV specializes in providing growth capital and buyout funding to private companies, focusing on four sectors: Health & Care, Smart Industries, Sustainable Cities, and New Consumer. Some key projects include investments in companies like Arseus (healthcare), Punch Powertrain (automotive technology), and Greenyard Foods (food industry).	1,635.70	33	35	6.06	0.1685	0.0534	46.41	90.49
4	1368	COFB / Cofinimmo SA Cofinimmo S.A., based in Belgium, is a prominent player in the real estate industry, specializing in rental properties. The company's primary focus areas include office buildings, healthcare properties, and public properties. Cofinimmo is renowned for its diverse portfolio, with assets spread across Belgium, France, the Netherlands, Germany, and Spain.	2,812.41	58	63	8.62	0.2150	0.0407	23.35	89.73
5	1899	SOF / Sofina Société Anonyme Sofina S.A. is a Belgium-based investment company that primarily operates in the financial sector. The company focuses on investing in digital transformation businesses across Europe, Asia, and the United States. Sofina's portfolio is diversified across sectors such as consumer goods, digital transformation, education, and healthcare. Key investments include stakes in prominent companies like Flipkart, HelloFresh, and Byju's. Sofina's strategy centers around long-term value creation by partnering with entrepreneurs and supporting their growth plans.	8,361.41	142	152	7.04	0.1387	0.0243	21.21	87.72
6	2068	IBAB / Ion Beam Applications SA Ion Beam Applications S.A. (IBA) is a global medical technology company based in Belgium. The company operates in the healthcare sector, providing solutions for the diagnosis and treatment of cancer. IBA is a leader in proton therapy, a type of radiation treatment that uses protons to treat cancer. Some of their key projects include the Proteus®ONE and Proteus®PLUS, compact and comprehensive proton therapy solutions.		26	27	3.85	0.1096	0.0318	40.89	87.15
7	2355	SIP / Sipef NV Sipef S.A. is a Belgium-based agro-industrial company primarily engaged in the cultivation of tropical agricultural commodities. The company's main activities include the production of palm oil, rubber, tea, bananas, and flowers. Sipef S.A. operates in several countries, including Indonesia, Papua New Guinea, and the Ivory Coast.	779.30	20	21	5.00	0.0166	0.0045	37.75	85.92
8	2631	DIE / D'Ieteren Group SA AirTAC International Group is a global manufacturer and supplier of pneumatic components, headquartered in Taiwan. The company operates in the industrial machinery and equipment sector, with a focus on producing pneumatic equipment such as air cylinders, solenoid valves, and air source treatment units. AirTAC's products are utilized in various industries, including automotive, electronics, packaging, and textiles. The company maintains a presence in Europe, America, and Asia.	8,560.30	21	22	4.76	0.4053	0.0547	15.59	85.19
9	3224	CPINV / Care Property Invest NV Care Property Invest N.V., based in Belgium, operates within the real estate sector, specifically focusing on healthcare real estate. The company's primary objective is to provide housing solutions for the elderly and vulnerable groups, including those with disabilities. Care Property Invest has a portfolio of numerous projects across Belgium and the Netherlands, with a key focus on residential care centers, service flats, and group homes.	452.74	15	16	6.67	0.0360	0.0046	14.75	83.71
10	3499	EVS / EVS Broadcast Equipment SA EVS Broadcast Equipment S.A., based in Belgium, is a leading technology company in the broadcasting industry. It specializes in the production of live outside broadcast digital video production systems. The company's systems are used by several television broadcasters around the globe to produce and enhance broadcasts of live sports and entertainment events.	458.76	24	26	8.33	0.0131	0.0015	12.61	83.00
11	4109	TESB / Tessenderlo Group NV Tessenderlo Group is a multinational corporation based in Belgium, operating in the specialty chemicals industry. The company has a diverse portfolio, primarily focusing on agriculture, bio-residuals, and industrial solutions. Tessenderlo Group's key projects include the production of crop vitalization products, water treatment solutions, and plastic pipe systems.	1,545.89	56	58	3.57	0.0453	0.0064	16.60	81.30
12	4742	BEKB / NV Bekaert SA Bekaert S.A., based in Belgium, is a global market leader in steel wire transformation and coating technologies. The company primarily operates in the metal manufacturing industry, providing a diverse range of products such as steel cord products for tire reinforcement, steel wire products for various applications, and coated specialty steel products. Bekaert's key projects often involve partnerships with other industry leaders for technology advancements and market expansion.	1,923.53	81	83	2.47	0.0903	0.0114	14.42	79.67
13	5017	ABI / Anheuser-Busch InBev SA/NV Anheuser-Busch InBev, based in Belgium, is a multinational beverage and brewing company and is recognized as one of the largest fast-moving consumer goods companies in the world. The firm operates in the alcohol industry, primarily in beer production, and owns over 500 beer brands including Budweiser, Corona, and Stella Artois. Key projects include sustainability initiatives such as the "100+ Sustainability Accelerator" aimed at solving environmental and social challenges, and the "SmartBarley" program, leveraging data and technology to enhance yield, resource-use efficiency, and reduce risk across their agricultural supply chain.	100,209.58	312	340	8.97	0.4690	0.0103	2.25	79.17
14	5489	GREEN / Greenyard NV Greenyard N.V. is a leading global company based in Belgium, primarily engaged in the production and distribution of fresh, frozen, and prepared fruits and vegetables, flowers, and plants. Operating in the food industry, Greenyard's business model is divided into two segments: Fresh and Long Fresh. The company is committed to connecting farmers and customers, reducing waste, and creating sustainable value.	355.27	20	20	0.00	0.0025	0.0009	52.94	77.99
15	5494	KIN / Kinepolis Group NV Kinepolis Group N.V., based in Belgium, is a leading player in the cinema industry, operating numerous multiplex cinemas across Europe and North America. The company is renowned for its innovative approach to movie viewing, emphasizing high-quality cinema infrastructure and technologies. Kinepolis offers a comprehensive cinematic experience, combining movies with in-house catering and business-to-business services.	888.67	51	54	5.88	0.0559	0.0027	4.99	77.96
16	5842	DEME / DEME Group NV DEME Group, formally known as Dredging, Environmental and Marine Engineering NV, is a global solutions provider in a broad range of activities but primarily in the fields of dredging and land reclamation, offshore solutions, and environmental remediation.	3,211.50	56	62	10.71	0.0543	0.0008	1.46	77.10
17	6000	CFEB / Compagnie d'Entreprises CFE SA Compagnie d'Entreprises CFE S.A. is a Belgium-based company that operates in the construction sector, primarily focusing on dredging, environmental, marine engineering, and offshore projects. The company's activities are divided into three segments: Dredging and Environment, Contracting, and Real Estate Development. CFE has been involved in several significant projects worldwide, including the construction of the Port of Rotterdam's Maasvlakte 2, the widening of the Suez Canal, and various large-scale land reclamation projects in the Middle East.	220.07	29	29	0.00	0.0024	0.0006	36.11	76.76
18	6155	MONT / Montea Comm. VA Montea C.V.A is a Belgium-based company that specializes in providing logistics real estate properties in the Benelux countries and France. This includes the development, leasing, and management of logistics and semi-industrial real estate properties.	1,530.03	52	53	1.92	0.1961	0.0146	8.03	76.36
19	6279	SYENS / Syensqo SA/NV Syensqo SA/NV, based in Belgium, operates primarily within the biotechnology sector, focusing on the development of innovative healthcare solutions. The company is predominantly engaged in the research, development, and commercialization of proprietary drugs that address unmet medical needs in the areas of autoimmune diseases and oncology. Syensqo SA/NV has been instrumental in advancing multiple key projects including novel monoclonal antibodies and small molecule inhibitors. These projects reflect the company's commitment to leveraging cutting-edge science to improve patient outcomes. Its strategic initiatives are complemented by collaborations with global pharmaceutical leaders, aimed at enhancing research capabilities and accelerating the pipeline from laboratory to market.	7,619.23	219	220	0.46	0.1180	0.0130	12.43	76.08
20	6817	IMMO / Immobel SA Immobel S.A. is a leading real estate development company based in Belgium. Established in 1863, it operates primarily in the real estate industry, focusing on residential, office, retail, and mixed-use projects. Immobel has a significant presence in six countries, including Belgium, Luxembourg, Poland, France, Spain, and Germany.		17	17	0.00	0.0030	0.0006	22.65	74.87
21	7593	AZE / Azelis Group NV Azelis Group N.V., based in Belgium, operates within the global specialty chemicals distribution industry. The company provides a diverse range of products and innovative services to more than 45,000 customers in over 50 countries. Azelis' offerings span various market segments, including Personal Care, Pharma, Food & Health, Animal Nutrition, and more.	3,056.36	113	118	4.42	0.2861	0.0020	0.70	72.85
22	7863	RECT / Recticel SA/NV Recticel S.A. is a Belgium-based company, primarily engaged in the polymer industry. The company specializes in the production of polyurethane foam products for a wide range of applications, including insulation, automotive, bedding, and furniture. Some of its key projects include the development of Greiner Perfoam, a joint venture for automotive interiors, and the acquisition of FoamPartner's Proseat business, which enhances its position in the automotive industry.	503.86	43	44	2.33	0.0384	0.0014	3.80	72.07
23	7892	FAGR / Fagron NV Fagron is a global pharmaceutical company that specializes in pharmaceutical compounding. Compounding is a method used by pharmacists to create personalized medications to fit the unique needs of a patient.	1,538.49	72	72	0.00	0.1553	0.0088	6.00	72.01
24	8261	ASCE / Ascencio SA Ascencio S.C.A. is a commercial real estate company based in Belgium. Its primary industry is real estate, with a focus on retail properties. The company is known for investing in commercial buildings located in prime locations, predominantly in Belgium, France, and Germany. Ascencio's portfolio is diverse, consisting of standalone retail properties, retail parks, and integrated retail locations.	329.98	10	10	0.00	0.0191	0.0014	7.80	71.06
25	8513	RET / Retail Estates N.V. Retail Estates N.V. is a publicly listed real estate company based in Belgium. The company primarily operates in the retail property sector, specializing in out-of-town retail properties located on the peripheries of residential areas or along main traffic routes. Retail Estates N.V. owns a significant portfolio of over 1,000 properties spread across Belgium and the Netherlands.	998.63	40	41	2.50	0.0911	0.0013	1.43	70.53
26	9244	JEN / Jensen-Group NV Jensen-Group N.V. is a Belgium-based company that operates in the industrial machinery and equipment sector. It specializes in the development, production, and marketing of equipment for laundry automation, catering to various industries like healthcare, hospitality, and industrial laundries. The company is recognized for its innovative solutions, including the Jensen CleanTech concept, where it focuses on reducing water and energy consumption in laundry processes.	581.98	16	16	0.00	0.0056	0.0007	15.52	68.55
27	9451	KBC / KBC Group NV KBC Ancora C.V.A., based in Belgium, operates in the financial sector as a holding company. The company's primary role is to manage its controlling stake in KBC Group, one of the largest financial groups in the country, which provides integrated bank-insurance services to about 11 million clients globally. KBC Ancora's main purpose is to ensure the continued existence of the KBC Group through its shareholder stability and support, particularly during turbulent market conditions. It doesn't engage in operational activities or other projects outside this primary objective.	39,521.50	362	363	0.28	0.3809	0.0046	1.21	68.00
28	10300	WDP / Warehouses De Pauw SA Warehouses de Pauw (WDP) is a Belgium-based real estate investment trust that specializes in the leasing of semi-industrial and logistic properties. WDP owns and manages an extensive portfolio of over 5 million square meters of warehouses in Belgium, the Netherlands, France, Luxembourg, and Romania. The company is known for its robust portfolio of sustainable, high-quality logistics and semi-industrial real estate.	4,978.79	17	13	-23.53	0.2326	0.0923	65.78	66.15
29	10409	PROX / Proximus PLC Proximus is a leading telecommunications company based in Belgium. It operates primarily in the telecom industry, providing a range of services including fixed line and mobile communications, internet, and television. Proximus is well-known for its commitment to digital innovation and has embarked on several key projects to enhance its services.	2,368.81	115	108	-6.09	0.1172	0.0247	26.74	65.91
30	11408	OBEL / Orange Belgium S.A. Orange Belgium (formerly Mobistar) is a telecommunications corporation based in Belgium. The company provides a range of telecommunication services, including mobile telephony, internet, and television services to private and professional customers.	1,253.87	26	25	-3.85	0.1813	0.0191	11.81	63.62
31	12291	HOMI / Home Invest Belgium S.A. Home Invest Belgium SA is a Belgium-based company that specializes in investing in residential properties. The company's primary activities involve the acquisition, development, and rental of these properties.		11	10	-9.09	0.0162	0.0029	21.91	61.30
32	12849	AGS / ageas SA/NV Ageas N.V. is a Belgium-based international insurance company with over 190 years of experience in the sector. The company operates chiefly in Europe and Asia, offering life and non-life insurance solutions to millions of individuals and businesses. Ageas's primary industry is insurance, with a focus on providing a broad range of services, including car, travel, home, and life insurance.	11,187.38	307	297	-3.26	0.1952	0.0090	4.85	59.67
33	13250	XIOR / Xior Student Housing NV Xior Student Housing N.V. is a Belgian-based real estate company primarily engaged in the provision of student housing in Belgium and the Netherlands. The company operates as a Real Estate Investment Trust (REIT), with an extensive portfolio of properties designed to meet the specific needs of students. Key projects include the development and management of student residences in Brussels, Leuven, Antwerp, and Amsterdam, among others.	1,389.18	55	52	-5.45	0.1396	0.0086	6.56	58.59
34	13412	ECONB / Econocom Group SE Econocom Group SE is a multinational digital services company based in Belgium. The company operates in the Information Technology and Services industry, offering comprehensive digital transformation solutions to businesses. These solutions range from consulting and financing to digital manufacturing.	298.35	31	30	-3.23	0.0396	0.0018	4.63	58.09
35	13720	VGP / VGP NV VGP N.V. is a leading international project developer of high-quality logistics and semi-industrial real estate and associated services. Based in Belgium, the company operates across Europe, providing expert solutions to a diverse range of industries. VGP is renowned for its VGP Parks, which are strategically located along key transport hubs, offering clients efficient and flexible solutions.	2,497.16	84	83	-1.19	0.1355	0.0005	0.37	56.77
36	13749	AGFB / Agfa-Gevaert NV Agfa-Gevaert N.V., based in Belgium, is a global leader in the imaging and IT industry. The company develops, manufactures, and distributes an extensive range of analog and digital imaging systems and IT solutions, primarily for the printing industry and the healthcare sector. Its key projects include the development of cutting-edge technologies like Direct Radiography and advanced hospital information systems.	155.21	25	22	-12.00	0.0043	0.0005	12.22	56.63
37	13995	GBLB / Groupe Bruxelles Lambert SA Groupe Bruxelles Lambert, based in Belgium, is a leading investment holding company. It primarily operates in the financial services industry, focusing on making long-term investments in industrial sectors such as materials, utilities, and telecommunications. The company is known for its strategic investments in global firms, with key holdings including stakes in LafargeHolcim, a world leader in building materials, and Imerys, a multinational industrial minerals company.	9,314.87	206	192	-6.80	0.1525	0.0054	3.66	55.31
38	14049	ATEB / Atenor SA Atenor is a Belgium-based real estate development company primarily operating in the European market. With a significant footprint in the real estate sector, the company is engaged in the development of large-scale urban projects that meet strict sustainability, sociological, and technological criteria. Atenor's portfolio includes a diverse range of projects, such as office buildings, residential properties, and mixed-use developments.	176.73	14	12	-14.29	0.0026	0.0002	9.64	54.90
39	14916	VASTB / Vastned Vastned Belgium S.A., based in Belgium, is a public real estate company that primarily operates in the retail sector. The firm invests in high-quality, well-located retail properties in Belgium's prime shopping areas, aiming to deliver stable and predictable long-term results. Vastned Belgium's portfolio includes a mix of inner-city shops, retail parks, and shopping centers, with a focus on properties that meet the modern consumer's needs.	461.93	26	28	7.69	0.0327	-0.0012	-3.63	48.39
40	15341	ONTEX / Ontex Group NV Ontex Group N.V. is a leading international personal hygiene solutions provider based in Belgium. It operates primarily in the consumer goods sector, offering a comprehensive range of disposable personal hygiene products, including baby diapers, adult incontinence products, and feminine care items. Ontex's products are distributed in over 110 countries through retailer brands and under its own brands.	523.79	51	54	5.88	0.0841	-0.0033	-3.82	46.19
41	15685	EXM / Exmar NV Exmar N.V. is a Belgium-based company that primarily operates in the energy sector. It specializes in the transportation of liquefied gas products and the provision of offshore services to the oil and gas industry. The company is known for its innovative and pioneering projects, such as the world's first floating liquefaction unit, Caribbean FLNG, and Tango FLNG, which started operations in Argentina in 2019.	569.69	12	12	0.00	0.1261	0.0000	0.00	44.80
42	16247	ACKB / Ackermans & Van Haaren NV Ackermans & van Haaren NV (AvH) is a diversified group active in 5 sectors: Marine Engineering & Infrastructure (DEME, one of the largest dredging companies in the world), Private Banking, Real Estate, Leisure & Senior Care, Energy & Resources and Development Capital.	7,351.55	89	101	13.48	0.1482	-0.0159	-9.68	43.03
43	18950	VIO / Viohalco S.A. Viohalco S.A. is a Belgium-based holding company primarily engaged in the metal processing sector. The company operates through its subsidiaries across Europe, specializing in the manufacture of aluminum, copper, cables, and steel products. Viohalco's subsidiaries include companies such as ElvalHalcor, Hellenic Cables, and Corinth Pipeworks.	1,664.00	27	27	0.00	0.0091	-0.0004	-3.92	37.52
44	20086	NYXH / Nyxoah SA Nyxoah S.A. is a Belgium-based health technology company that primarily operates in the medical device industry. The company's key focus is on developing innovative and effective solutions to treat Obstructive Sleep Apnea (OSA), a condition that affects millions of people worldwide. Nyxoah's flagship project is the Genio® system, a battery-free, minimally invasive solution for OSA.	184.18	45	51	13.33	0.0360	-0.0188	-34.30	35.64
45	20853	UCB / UCB SA UCB SA is a global biopharmaceutical company, based in Belgium, that focuses on discovering and developing innovative medicines and solutions for people living with severe diseases of the immune system or the central nervous system.	39,310.22	411	419	1.95	0.4241	-0.0369	-8.01	34.31
46	21702	ARGX / argenx SE Argenx SE is a global biotechnology company based in the Netherlands. The company operates within the primary industry of healthcare, specifically focusing on the development and commercialization of antibody-based therapies for the treatment of severe autoimmune diseases and cancer. Argenx's key project is its lead product candidate, efgartigimod, which is being developed for multiple severe autoimmune indications.	39,134.17	273	283	3.66	0.3291	-0.0540	-14.10	32.88
47	22057	DECB / Deceuninck NV Deceuninck NV is a Belgium-based company that operates in the sector of designing, producing, and distributing PVC window systems and building profiles.	289.57	33	33	0.00	0.0103	-0.0006	-5.67	32.23
48	22180	CENER / Cenergy Holdings SA Cenergy Holdings S.A. is a Belgium-based multinational company operating in the energy and infrastructure sectors. Its primary industries are steel pipe manufacturing and cable production, serving both the energy and telecom markets. Cenergy's key projects include the production of high-quality line pipes for gas and oil transportation, and specialty cables for applications in energy, telecommunications, and specialty industries.		11	12	9.09	0.0892	-0.0626	-41.22	32.00
49	24518	COLR / Colruyt Group N.V. Colruyt Group N.V., based in Belgium, operates predominantly in the retail sector, with a significant presence in the European market. The company is renowned for its cost-effective supermarket chain, Colruyt Lowest Prices, alongside other retail formats including OKay, Bio-Planet, and Dreamland. Pioneering in sustainability, Colruyt Group has made substantial investments in renewable energy projects, including wind farms, solar panels, and biomass energy production. Their subsidiary, DATS 24, has also been proactive in establishing fuel stations providing CNG (compressed natural gas) and hydrogen options as alternatives to conventional fuels. Additionally, Colruyt Group holds a stake in IT and digital innovation focusing on enhancing retail operational efficiencies and customer experiences. This multifaceted approach ensures a strategic diversification within its business operations, strengthening its market adaptability and financial stability.	4,603.25	118	111	-5.93	0.0938	-0.0012	-1.28	27.35
50	25534	UMI / Umicore SA Umicore SA is a multinational materials technology company headquartered in Belgium. Umicore specializes in materials science, chemistry, and metallurgy.	3,201.88	117	103	-11.97	0.1840	-0.0023	-1.23	24.85
51	26669	LOTB / Lotus Bakeries NV Lotus Bakeries NV is a Belgium-based company that specializes in producing and selling a variety of bakery products, biscuits, and cakes. The company is perhaps best known for its speculoos biscuits and spreads, which are sold under the Lotus brand.	6,905.08	205	196	-4.39	0.0820	-0.0063	-7.17	22.18
52	30692	SOLB / Solvay SA Solvay SA is a global chemical company based in Belgium. The company is involved in the development and production of a wide range of chemicals and advanced materials.	2,870.55	141	131	-7.09	0.1674	-0.0483	-22.37	10.37