Amundi Reduces Stake in TotalEnergies SE to 9.41%

On April 10, 2026, Amundi and its subsidiary Amundi Asset Management filed a Schedule 13G/A reporting a decrease in their holdings of TotalEnergies SE (TTE). As of the event date on March 31, 2026, the filers beneficially own 206,840,466 shares, representing a 9.41% ownership stake. This is a reduction from their previously reported position of 222,647,121 shares (10.09%). The filing clarifies that while Amundi has shared dispositive power over the total shares, it does not hold voting rights for 150,927,852 of those shares. These specific shares are held through FCPEs (French employee investment vehicles) dedicated to TotalEnergies employees. Voting rights for these shares are exercised by the supervisory boards of the FCPEs, which are primarily composed of employee representatives, rather than by Amundi. The securities were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.