Amundi Reports 10.11% Stake in TotalEnergies — 229.4M Shares

Amundi and Amundi Asset Management report beneficial ownership of 229,437,424 TotalEnergies shares, representing 10.11% of the class.

Rhea-AI Filing Summary

Amundi and Amundi Asset Management report beneficial ownership of 229,437,424 TotalEnergies shares, representing 10.11% of the class. They report no sole voting or dispositive power, shared voting power on 52,883,104 shares and shared dispositive power on 229,437,424 shares.

The filing notes Amundi does not have the voting rights on 171,632,203 shares held through an employee FCPE; the FCPE supervisory board, where employee representatives hold the majority, exercises those voting rights. The filer certifies the securities were acquired and are held in the ordinary course of business and not to change or influence control.

Positive

• Material institutional stake: Amundi beneficially owns 229,437,424 shares, representing 10.11% of the class, indicating significant economic exposure.
• Passive disclosure: The filer certifies holdings are in the ordinary course of business and not intended to change control, classifying this as a passive investment under Schedule 13G/A.

Negative

• Limited voting influence: Amundi reports no sole voting power and only shared voting power on 52,883,104 shares, restricting direct governance impact.
• Significant non-voting holdings: 171,632,203 shares are held in an employee FCPE for which Amundi does not exercise voting rights.

Insights

Financial Analyst

TL;DR: Amundi holds a material passive stake (10.11%) in TotalEnergies with limited voting control.

The filing discloses a significant economic position of 229,437,424 shares (10.11%). The structure shows shared dispositive power over the entire position while voting influence is constrained to 52,883,104 shares, reflecting limitations on governance influence. The certification that holdings are in the ordinary course supports a passive investment stance rather than an attempt to alter control.

Corporate Governance Expert

TL;DR: Large institutional ownership but restricted voting rights reduce direct governance impact.

Amundi's economic exposure is material, yet the absence of sole voting power and the explicit lack of voting rights on 171,632,203 FCPE-held shares indicate constrained ability to influence Board decisions. The FCPE arrangement centralizes voting with a supervisory board dominated by employee representatives, which is a critical governance detail for stakeholders evaluating shareholder influence.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many TotalEnergies (TTE) shares does Amundi beneficially own?

Amundi beneficially owns 229,437,424 TotalEnergies shares, representing 10.11% of the class.

Does Amundi have sole voting power over the TTE shares?

No. The filing shows 0 shares with sole voting power and 52,883,104 shares with shared voting power.

Are all Amundi-held TTE shares voteable by Amundi?

No. Amundi does not have voting rights on 171,632,203 shares held through an employee FCPE; voting is exercised by the FCPE supervisory board.

Is this Schedule 13G/A filing indicating an attempt to change control of TTE?

The filer certifies the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

Who signed the Schedule 13G/A for Amundi?

The filing is signed by John M. Malone, Chief Compliance Officer, acting under a Power of Attorney.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/13/2025 - 04:40 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 19)

TotalEnergies SE

(Name of Issuer)

Shares and American Depository Receipts

(Title of Class of Securities)

89151E109

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 89151E109

1

Names of Reporting Persons

AMUNDI

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

FRANCE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 52,883,104.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 229,437,424.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

229,437,424.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.11 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: Amundi does not have the voting rights on 171,632,203 shares which are held through a FCPE (Fonds Commun de Placement d Entreprise, an investment vehicle established under French law), solely dedicated to TotalEnergies groups employees shareholding. Employees of TotalEnergies are granted the right to participate in stock purchase plans in which the shares acquired are exclusively held in this FCPE, created at the request of TotalEnergies. The voting rights associated to these shares are exercised by the supervisory Board of the FCPE, where representatives of the employees have the majority (if any the remaining seats of the supervisory board are designated by TotalEnergies), and not by Amundi.

SCHEDULE 13G

CUSIP No. 89151E109

1

Names of Reporting Persons

AMUNDI ASSET MANAGEMENT

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

FRANCE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 52,883,104.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 229,437,424.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

229,437,424.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.11 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: Amundi does not have the voting rights on 171,632,203 shares which are held through a FCPE (Fonds Commun de Placement d Entreprise, an investment vehicle established under French law), solely dedicated to TotalEnergies groups employees shareholding. Employees of TotalEnergies are granted the right to participate in stock purchase plans in which the shares acquired are exclusively held in this FCPE, created at the request of TotalEnergies. The voting rights associated to these shares are exercised by the supervisory Board of the FCPE, where representatives of the employees have the majority (if any the remaining seats of the supervisory board are designated by TotalEnergies), and not by Amundi.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: TotalEnergies SE
(b)	Address of issuer's principal executive offices: 2 PLACE JEAN MILLIER, LA DEFENSE 6, COURBEVOIE, France, 92400
Item 2.
(a)	Name of person filing: Amundi Amundi Asset Management
(b)	Address or principal business office or, if none, residence: Amundi: 91-93 boulevard Pasteur, 75015 Paris, France Amundi Asset Management: 91-93 boulevard Pasteur, 75015 Paris, France
(c)	Citizenship: Both Amundi and Amundi Asset Management are organized under the laws of the Republic of France.
(d)	Title of class of securities: Shares and American Depository Receipts
(e)	CUSIP No.: 89151E109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 229,437,424
(b)	Percent of class: 10.11%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 52,883,104
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 229,437,424
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Amundi Asset Management AMUNDI AUSTRIA GMBH Amundi Czech Republic Asset Management AS AMUNDI DEUTSCHLAND GMBH AMUNDI HONG KONG LTD AMUNDI IRELAND LIMITED Amundi Japan Ltd. Amundi SGR S.p.A. AMUNDI TAIWAN LTD AMUNDI UK LTD CPR Asset Management KBI Global Investors (North America) Ltd KBI Global Investors Ltd SOCIETE GENERALE GESTION Sabadell Asset Management, S.A S.G.I.I.C
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

AMUNDI

Signature:	John M. Malone
Name/Title:	John M. Malone | Chief Compliance Officer | Power of Attorney
Date:	08/13/2025

AMUNDI ASSET MANAGEMENT

Signature:	John M. Malone
Name/Title:	John M. Malone | Chief Compliance Officer | Power of Attorney
Date:	08/13/2025