2Xideas AG
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), 2Xideas AG reported 61 stock positions worth $658.1 million. Its top holding was Intercontinental Exchange (ICE) at 8.3% of the portfolio, followed by Fortinet (FTNT, 8.1%) and PTC (PTC, 6.5%). Compared with Q4 2024, it opened 5 new positions, sold out of 3, added to 20 and reduced 36. The biggest buy was a new position in Dexcom (DXCM) and the biggest sale an exit from Marketaxess (MKTX).
- Most Recent 13F
- Q2 2026
- Location
- KUSNACHT, V8
- CIK
- 0001843587
- Portfolio Value
- $658.1M (Q1 2025)
- SEC Filing
- 0001420506-25-001143 ↗ filed May 15, 2025
Holdings Value
Holdings 61 stocks · $658.1M
| ICE Intercontinental Exchange Inc. | 8.32% | 317,364 | $54.7M | Reduce -7.6% |
| FTNT Fortinet Inc. | 8.11% | 554,669 | $53.4M | Reduce -4.0% |
| PTC PTC Inc. | 6.51% | 276,576 | $42.9M | Reduce -1.5% |
| IQV Iqvia Holdings Inc. | 5.47% | 204,237 | $36.0M | Reduce -9.4% |
| RMD Resmed Inc. | 2.70% | 79,322 | $17.8M | Reduce -15.2% |
| ADSK Autodesk Inc. | 2.55% | 64,105 | $16.8M | Reduce -11.4% |
| HALO Halozyme Therapeutics Inc. | 2.39% | 246,802 | $15.7M | Reduce -34.9% |
| FERG Ferguson Enterprises Inc. | 2.37% | 97,506 | $15.6M | Reduce -4.9% |
| KNSL Kinsale Capital Group Inc. | 2.32% | 31,420 | $15.3M | Reduce -21.4% |
| CSGP Costar Group Inc. | 2.11% | 175,629 | $13.9M | Reduce -28.8% |
| EW Edwards Lifesciences Corp. | 2.10% | 190,584 | $13.8M | Add +7.5% |
| RYAN Ryan Specialty Holdings Inc. | 2.03% | 180,658 | $13.3M | Add +17.4% |
| IT Gartner Inc. | 1.91% | 30,004 | $12.6M | Add +21.1% |
| PLNT Planet Fitness Inc. Class A | 1.86% | 126,382 | $12.2M | Add +103.3% |
| DXCM Dexcom Inc. | 1.78% | 171,663 | $11.7M | New |
| NYT New York Times Co. Class A | 1.63% | 216,861 | $10.8M | Reduce -42.4% |
| KLAC KLA Corp. | 1.54% | 14,949 | $10.2M | Reduce -7.9% |
| DPZ Domino's Pizza Inc. | 1.52% | 21,753 | $10.0M | Reduce -25.5% |
| EXLS Exlservice Holdings Inc. | 1.51% | 210,766 | $10.0M | Reduce -34.6% |
| BLD Topbuild Corp. | 1.50% | 32,470 | $9.9M | Add +5.2% |
| MSCI MSCI Inc. | 1.49% | 17,391 | $9.8M | Reduce -19.3% |
| CSL Carlisle Cos Inc. | 1.47% | 28,498 | $9.7M | Add +2.0% |
| LPLA LPL Financial Holdings Inc. | 1.42% | 28,614 | $9.4M | Reduce -36.5% |
| RVTY Revvity Inc. | 1.40% | 86,782 | $9.2M | Reduce -1.8% |
| RLI Rli Corp. | 1.38% | 113,177 | $9.1M | Reduce -30.1% |
| BAM Brookfield Asset Mgmt-A | 1.37% | 186,858 | $9.0M | Reduce -23.8% |
| ARES Ares Management Corp. Class A | 1.37% | 61,299 | $9.0M | Add +301.4% |
| ANSS Ansys Inc. | 1.26% | 26,123 | $8.3M | Reduce -33.8% |
| CCC CCC Intelligent Solutions Ho | 1.23% | 898,811 | $8.1M | Add +317.8% |
| TW Tradeweb Markets Inc. Class A | 1.23% | 54,433 | $8.1M | Add +184.6% |
| NBIX Neurocrine Biosciences Inc. | 1.22% | 72,509 | $8.0M | Reduce -33.5% |
| HOLX Hologic Inc. | 1.20% | 128,046 | $7.9M | New |
| COO The Cooper Cos Inc. | 1.19% | 92,969 | $7.8M | Reduce -18.3% |
| KEYS Keysight Technologies Inc. | 1.16% | 51,135 | $7.7M | New |
| LH Labcorp Holdings Inc. | 1.15% | 32,480 | $7.6M | Reduce -42.2% |
| ENTG Entegris Inc. | 1.09% | 81,662 | $7.1M | Add +4.8% |
| INTU Intuit Inc. | 1.06% | 11,334 | $7.0M | Reduce -4.8% |
| TER Teradyne Inc. | 1.05% | 83,979 | $6.9M | Add +65.0% |
| LNTH Lantheus Holdings Inc. | 1.05% | 70,563 | $6.9M | Reduce -0.1% |
| DLB Dolby Laboratories Inc. Class A | 1.05% | 85,685 | $6.9M | Reduce -46.9% |
| WSO Watsco Inc. | 1.04% | 13,444 | $6.8M | Reduce -47.3% |
| WCN Waste Connections Inc. | 0.97% | 32,740 | $6.4M | Reduce -53.4% |
| ALGN Align Technology Inc. | 0.96% | 39,673 | $6.3M | Add +282.4% |
| GLBE Global-E Online Ltd. | 0.90% | 166,026 | $5.9M | New |
| MELI MercadoLibre Inc. | 0.89% | 3,004 | $5.9M | Reduce -12.8% |
| ISRG Intuitive Surgical Inc. | 0.85% | 11,248 | $5.6M | Reduce -22.3% |
| CERT Certara Inc. | 0.81% | 538,272 | $5.3M | Add +161.3% |
| A Agilent Technologies Inc. | 0.81% | 45,351 | $5.3M | Add +78.2% |
| LYV Live Nation Entertainment Inc. | 0.78% | 39,227 | $5.1M | Add +23.3% |
| AXP American Express Co. | 0.76% | 18,657 | $5.0M | Reduce -59.8% |
| PAYC Paycom Software Inc. | 0.64% | 19,324 | $4.2M | Reduce -63.3% |
| TECH Bio-Techne Corp. | 0.63% | 70,761 | $4.1M | Add +136.3% |
| WSC Willscot Holdings Corp. | 0.59% | 139,620 | $3.9M | Reduce -68.3% |
| POOL Pool Corp. | 0.58% | 11,939 | $3.8M | Add +16.3% |
| FWONK Liberty Media Corp. Class C | 0.57% | 41,817 | $3.8M | Reduce -55.0% |
| APG Api Group Corp. | 0.56% | 103,484 | $3.7M | New |
| RBC RBC Bearings Inc. | 0.54% | 11,059 | $3.6M | Reduce -64.4% |
| SCI Service Corp. International | 0.54% | 44,238 | $3.5M | Add +47.2% |
| H Hyatt Hotels Corp. Class A | 0.50% | 26,886 | $3.3M | Add +70.4% |
| ADI Analog Devices Inc. | 0.50% | 16,167 | $3.3M | Add +50.2% |
| TYL Tyler Technologies Inc. | 0.49% | 5,585 | $3.2M | Reduce -51.2% |
Portfolio Sells Q4 2024 → Q1 2025
| MKTX Marketaxess Holdings Inc. | Sold out | 0.00% | −1.48 |
| WSC Willscot Holdings Corp. | Reduce -68.3% | 0.59% | −1.38 |
| AXP American Express Co. | Reduce -59.8% | 0.76% | −1.08 |
| NYT New York Times Co. Class A | Reduce -42.4% | 1.63% | −0.99 |
| CRL Charles River Laboratories | Sold out | 0.00% | −0.91 |
| PAYC Paycom Software Inc. | Reduce -63.3% | 0.64% | −0.80 |
| NBIX Neurocrine Biosciences Inc. | Reduce -33.5% | 1.22% | −0.77 |
| RBC RBC Bearings Inc. | Reduce -64.4% | 0.54% | −0.70 |
| DLB Dolby Laboratories Inc. Class A | Reduce -46.9% | 1.05% | −0.64 |
| WCN Waste Connections Inc. | Reduce -53.4% | 0.97% | −0.64 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.62 |
| WSO Watsco Inc. | Reduce -47.3% | 1.04% | −0.58 |
| FWONK Liberty Media Corp. Class C | Reduce -55.0% | 0.57% | −0.58 |
| LH Labcorp Holdings Inc. | Reduce -42.2% | 1.15% | −0.58 |
| LPLA LPL Financial Holdings Inc. | Reduce -36.5% | 1.42% | −0.55 |
| ANSS Ansys Inc. | Reduce -33.8% | 1.26% | −0.52 |
| IQV Iqvia Holdings Inc. | Reduce -9.4% | 5.47% | −0.46 |
| BAM Brookfield Asset Mgmt-A | Reduce -23.8% | 1.37% | −0.41 |
| RLI Rli Corp. | Reduce -30.1% | 1.38% | −0.41 |
| EXLS Exlservice Holdings Inc. | Reduce -34.6% | 1.51% | −0.40 |
| PTC PTC Inc. | Reduce -1.5% | 6.51% | −0.40 |
| TYL Tyler Technologies Inc. | Reduce -51.2% | 0.49% | −0.39 |
| ADSK Autodesk Inc. | Reduce -11.4% | 2.55% | −0.31 |
| CSGP Costar Group Inc. | Reduce -28.8% | 2.11% | −0.25 |
| MSCI MSCI Inc. | Reduce -19.3% | 1.49% | −0.24 |
| COO The Cooper Cos Inc. | Reduce -18.3% | 1.19% | −0.21 |
| KNSL Kinsale Capital Group Inc. | Reduce -21.4% | 2.32% | −0.17 |
| RMD Resmed Inc. | Reduce -15.2% | 2.70% | −0.17 |
| ISRG Intuitive Surgical Inc. | Reduce -22.3% | 0.85% | −0.17 |
| DPZ Domino's Pizza Inc. | Reduce -25.5% | 1.52% | −0.12 |
| HALO Halozyme Therapeutics Inc. | Reduce -34.9% | 2.39% | −0.04 |
| FERG Ferguson Enterprises Inc. | Reduce -4.9% | 2.37% | −0.01 |
| INTU Intuit Inc. | Reduce -4.8% | 1.06% | +0.05 |
| RVTY Revvity Inc. | Reduce -1.8% | 1.40% | +0.07 |
| MELI MercadoLibre Inc. | Reduce -12.8% | 0.89% | +0.11 |
| KLAC KLA Corp. | Reduce -7.9% | 1.54% | +0.17 |
| LNTH Lantheus Holdings Inc. | Reduce -0.1% | 1.05% | +0.20 |
| FTNT Fortinet Inc. | Reduce -4.0% | 8.11% | +0.80 |
| ICE Intercontinental Exchange Inc. | Reduce -7.6% | 8.32% | +1.46 |
Portfolio Buys Q4 2024 → Q1 2025
| DXCM Dexcom Inc. | New | 1.78% | +1.78 |
| HOLX Hologic Inc. | New | 1.20% | +1.20 |
| KEYS Keysight Technologies Inc. | New | 1.16% | +1.16 |
| PLNT Planet Fitness Inc. Class A | Add +103.3% | 1.86% | +1.03 |
| ARES Ares Management Corp. Class A | Add +301.4% | 1.37% | +1.00 |
| GLBE Global-E Online Ltd. | New | 0.90% | +0.90 |
| CCC CCC Intelligent Solutions Ho | Add +317.8% | 1.23% | +0.90 |
| TW Tradeweb Markets Inc. Class A | Add +184.6% | 1.23% | +0.89 |
| RYAN Ryan Specialty Holdings Inc. | Add +17.4% | 2.03% | +0.71 |
| ALGN Align Technology Inc. | Add +282.4% | 0.96% | +0.67 |
| APG Api Group Corp. | New | 0.56% | +0.56 |
| CERT Certara Inc. | Add +161.3% | 0.81% | +0.52 |
| A Agilent Technologies Inc. | Add +78.2% | 0.81% | +0.35 |
| TECH Bio-Techne Corp. | Add +136.3% | 0.63% | +0.34 |
| EW Edwards Lifesciences Corp. | Add +7.5% | 2.10% | +0.34 |
| IT Gartner Inc. | Add +21.1% | 1.91% | +0.31 |
| LYV Live Nation Entertainment Inc. | Add +23.3% | 0.78% | +0.23 |
| SCI Service Corp. International | Add +47.2% | 0.54% | +0.22 |
| BLD Topbuild Corp. | Add +5.2% | 1.50% | +0.22 |
| TER Teradyne Inc. | Add +65.0% | 1.05% | +0.20 |
| ADI Analog Devices Inc. | Add +50.2% | 0.50% | +0.19 |
| H Hyatt Hotels Corp. Class A | Add +70.4% | 0.50% | +0.17 |
| POOL Pool Corp. | Add +16.3% | 0.58% | +0.11 |
| CSL Carlisle Cos Inc. | Add +2.0% | 1.47% | +0.09 |
| ENTG Entegris Inc. | Add +4.8% | 1.09% | +0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 48 | $232.3M | FTNT, EW, ICE, PTC, RYAN |
| Q1 2026 | 47 | $255.3M | ICE, EW, FTNT, PTC, RMD |
| Q4 2025 | 50 | $357.0M | ICE, EW, FTNT, PTC, RMD |
| Q3 2025 | 56 | $473.6M | ICE, PTC, FTNT, EW, RMD |
| Q2 2025 | 57 | $580.8M | ICE, FTNT, PTC, EW, RMD |
| Q1 2025 | 61 | $658.1M | ICE, FTNT, PTC, IQV, RMD |
| Q4 2024 | 59 | $746.6M | FTNT, PTC, ICE, IQV, ADSK |
| Q3 2024 | 56 | $742.2M | ICE, FTNT, IQV, PTC, RMD |
| Q2 2024 | 51 | $800.9M | ICE, PTC, IQV, FTNT, RMD |
| Q1 2024Amended | 51 | $817.3M | ICE, IQV, FTNT, RMD, PTC |