2Xideas AG
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), 2Xideas AG reported 50 stock positions worth $357.0 million. Its top holding was Intercontinental Exchange (ICE) at 11.8% of the portfolio, followed by Edwards Lifesciences (EW, 10.2%) and Fortinet (FTNT, 9.5%). Compared with Q3 2025, it opened 9 new positions, sold out of 15, added to 3 and reduced 38. The biggest buy was Api (APG, shares +176%) and the biggest sale an exit from Brown & Brown (BRO).
- Most Recent 13F
- Q2 2026
- Location
- KUSNACHT, V8
- CIK
- 0001843587
- Portfolio Value
- $357.0M (Q4 2025)
- SEC Filing
- 0001420506-26-000455 ↗ filed Feb 17, 2026
Holdings Value
Holdings 50 stocks · $357.0M
| ICE Intercontinental Exchange Inc. | 11.78% | 259,688 | $42.1M | Reduce -1.8% |
| EW Edwards Lifesciences Corp. | 10.25% | 429,115 | $36.6M | Reduce -11.8% |
| FTNT Fortinet Inc. | 9.51% | 427,718 | $34.0M | Reduce -15.3% |
| PTC PTC Inc. | 8.86% | 181,477 | $31.6M | Reduce -13.4% |
| RMD Resmed Inc. | 5.01% | 74,215 | $17.9M | Reduce -11.2% |
| NYT New York Times Co. Class A | 2.46% | 126,631 | $8.8M | Add +7.5% |
| PLNT Planet Fitness Inc. Class A | 2.13% | 70,081 | $7.6M | Reduce -27.2% |
| FERG Ferguson Enterprises Inc. | 2.12% | 33,941 | $7.6M | Reduce -13.8% |
| ADSK Autodesk Inc. | 2.06% | 24,902 | $7.4M | Reduce -42.9% |
| CSGP Costar Group Inc. | 2.04% | 108,267 | $7.3M | Reduce -12.7% |
| APG Api Group Corp. | 2.03% | 189,651 | $7.3M | Add +176.1% |
| HALO Halozyme Therapeutics Inc. | 1.98% | 104,801 | $7.1M | Reduce -34.0% |
| RYAN Ryan Specialty Holdings Inc. | 1.97% | 136,186 | $7.0M | Reduce -21.1% |
| IQV Iqvia Holdings Inc. | 1.87% | 29,692 | $6.7M | Reduce -41.2% |
| KNSL Kinsale Capital Group Inc. | 1.69% | 15,417 | $6.0M | Reduce -31.6% |
| CCC CCC Intelligent Solutions Ho | 1.69% | 756,778 | $6.0M | Reduce -12.2% |
| DXCM Dexcom Inc. | 1.67% | 89,808 | $6.0M | Reduce -33.6% |
| PCOR Procore Technologies Inc. | 1.45% | 71,261 | $5.2M | New |
| KLAC KLA Corp. | 1.30% | 3,810 | $4.6M | Reduce -51.7% |
| AON Aon PLC Class A | 1.22% | 12,371 | $4.4M | New |
| WCN Waste Connections Inc. | 1.22% | 24,864 | $4.4M | Reduce -19.1% |
| KEYS Keysight Technologies Inc. | 1.22% | 21,428 | $4.4M | Reduce -38.0% |
| LYV Live Nation Entertainment Inc. | 1.19% | 29,836 | $4.3M | Reduce -6.0% |
| AXP American Express Co. | 1.19% | 11,461 | $4.2M | Reduce -24.4% |
| NBIX Neurocrine Biosciences Inc. | 1.17% | 29,388 | $4.2M | Reduce -42.1% |
| ISRG Intuitive Surgical Inc. | 1.14% | 7,178 | $4.1M | Reduce -33.3% |
| EXLS Exlservice Holdings Inc. | 1.13% | 95,035 | $4.0M | Reduce -32.8% |
| HUBB Hubbell Inc. | 1.11% | 8,941 | $4.0M | New |
| SNEX Stonex Group Inc. | 1.11% | 41,639 | $4.0M | New |
| LPLA LPL Financial Holdings Inc. | 1.10% | 11,037 | $3.9M | Reduce -42.1% |
| BAM Brookfield Asset Mgmt-A | 1.05% | 71,367 | $3.7M | Reduce -61.1% |
| DPZ Domino's Pizza Inc. | 1.04% | 8,943 | $3.7M | Reduce -32.7% |
| DLB Dolby Laboratories Inc. Class A | 0.97% | 54,009 | $3.5M | Reduce -20.0% |
| RBC RBC Bearings Inc. | 0.97% | 7,698 | $3.5M | Reduce -34.0% |
| LH Labcorp Holdings Inc. | 0.95% | 13,467 | $3.4M | Reduce -35.5% |
| A Agilent Technologies Inc. | 0.92% | 24,103 | $3.3M | New |
| TW Tradeweb Markets Inc. Class A | 0.85% | 28,208 | $3.0M | Reduce -37.7% |
| CSL Carlisle Cos Inc. | 0.83% | 9,237 | $3.0M | Reduce -21.0% |
| FWONK Liberty Media Corp. Class C | 0.80% | 28,849 | $2.8M | Reduce -32.5% |
| SCI Service Corp. International | 0.79% | 36,374 | $2.8M | Reduce -11.8% |
| EFOR Everforth Inc. filed as ASGN INC | 0.71% | 52,374 | $2.5M | Add +70.2% |
| RBA RB Global Inc. | 0.69% | 24,020 | $2.5M | New |
| MELI MercadoLibre Inc. | 0.68% | 1,199 | $2.4M | Reduce -32.6% |
| TYL Tyler Technologies Inc. | 0.66% | 5,195 | $2.4M | Reduce -22.4% |
| VEEV Veeva Systems Inc. Class A | 0.64% | 10,265 | $2.3M | New |
| OS Onestream Inc. | 0.63% | 121,825 | $2.2M | Reduce -10.4% |
| GLBE Global-E Online Ltd. | 0.59% | 53,523 | $2.1M | New |
| TECH Bio-Techne Corp. | 0.58% | 34,913 | $2.1M | Reduce -27.0% |
| IT Gartner Inc. | 0.55% | 7,808 | $2.0M | Reduce -40.6% |
| WSO Watsco Inc. | 0.46% | 4,837 | $1.6M | New |
Portfolio Sells Q3 2025 → Q4 2025
| BRO Brown & Brown Inc. | Sold out | 0.00% | −1.40 |
| MSCI MSCI Inc. | Sold out | 0.00% | −1.37 |
| NVT Nvent Electric PLC | Sold out | 0.00% | −1.17 |
| BAM Brookfield Asset Mgmt-A | Reduce -61.1% | 1.05% | −1.15 |
| COO The Cooper Cos Inc. | Sold out | 0.00% | −0.93 |
| HOLX Hologic Inc. | Sold out | 0.00% | −0.91 |
| ADSK Autodesk Inc. | Reduce -42.9% | 2.06% | −0.86 |
| MANH Manhattan Associates Inc. | Sold out | 0.00% | −0.81 |
| POOL Pool Corp. | Sold out | 0.00% | −0.78 |
| PAYC Paycom Software Inc. | Sold out | 0.00% | −0.62 |
| H Hyatt Hotels Corp. Class A | Sold out | 0.00% | −0.57 |
| ENTG Entegris Inc. | Sold out | 0.00% | −0.55 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.51 |
| KLAC KLA Corp. | Reduce -51.7% | 1.30% | −0.50 |
| HALO Halozyme Therapeutics Inc. | Reduce -34.0% | 1.98% | −0.48 |
| CERT Certara Inc. | Sold out | 0.00% | −0.48 |
| ALGN Align Technology Inc. | Sold out | 0.00% | −0.42 |
| NBIX Neurocrine Biosciences Inc. | Reduce -42.1% | 1.17% | −0.34 |
| KNSL Kinsale Capital Group Inc. | Reduce -31.6% | 1.69% | −0.33 |
| VERX Vertex Inc. Class A | Sold out | 0.00% | −0.33 |
| LH Labcorp Holdings Inc. | Reduce -35.5% | 0.95% | −0.32 |
| RLI Rli Corp. | Sold out | 0.00% | −0.30 |
| DXCM Dexcom Inc. | Reduce -33.6% | 1.67% | −0.25 |
| LPLA LPL Financial Holdings Inc. | Reduce -42.1% | 1.10% | −0.24 |
| TW Tradeweb Markets Inc. Class A | Reduce -37.7% | 0.85% | −0.21 |
| MELI MercadoLibre Inc. | Reduce -32.6% | 0.68% | −0.20 |
| EXLS Exlservice Holdings Inc. | Reduce -32.8% | 1.13% | −0.19 |
| IT Gartner Inc. | Reduce -40.6% | 0.55% | −0.18 |
| CSGP Costar Group Inc. | Reduce -12.7% | 2.04% | −0.17 |
| DPZ Domino's Pizza Inc. | Reduce -32.7% | 1.04% | −0.17 |
| IQV Iqvia Holdings Inc. | Reduce -41.2% | 1.87% | −0.15 |
| FWONK Liberty Media Corp. Class C | Reduce -32.5% | 0.80% | −0.15 |
| PTC PTC Inc. | Reduce -13.4% | 8.86% | −0.13 |
| RYAN Ryan Specialty Holdings Inc. | Reduce -21.1% | 1.97% | −0.09 |
| TYL Tyler Technologies Inc. | Reduce -22.4% | 0.66% | −0.08 |
| DLB Dolby Laboratories Inc. Class A | Reduce -20.0% | 0.97% | −0.06 |
| KEYS Keysight Technologies Inc. | Reduce -38.0% | 1.22% | −0.06 |
| RBC RBC Bearings Inc. | Reduce -34.0% | 0.97% | +0.01 |
| TECH Bio-Techne Corp. | Reduce -27.0% | 0.58% | +0.01 |
| CSL Carlisle Cos Inc. | Reduce -21.0% | 0.83% | +0.02 |
| PLNT Planet Fitness Inc. Class A | Reduce -27.2% | 2.13% | +0.02 |
| CCC CCC Intelligent Solutions Ho | Reduce -12.2% | 1.69% | +0.03 |
| SCI Service Corp. International | Reduce -11.8% | 0.79% | +0.07 |
| WCN Waste Connections Inc. | Reduce -19.1% | 1.22% | +0.08 |
| LYV Live Nation Entertainment Inc. | Reduce -6.0% | 1.19% | +0.10 |
| OS Onestream Inc. | Reduce -10.4% | 0.63% | +0.10 |
| ISRG Intuitive Surgical Inc. | Reduce -33.3% | 1.14% | +0.12 |
| AXP American Express Co. | Reduce -24.4% | 1.19% | +0.12 |
| RMD Resmed Inc. | Reduce -11.2% | 5.01% | +0.17 |
| FERG Ferguson Enterprises Inc. | Reduce -13.8% | 2.12% | +0.25 |
Portfolio Buys Q3 2025 → Q4 2025
| APG Api Group Corp. | Add +176.1% | 2.03% | +1.53 |
| PCOR Procore Technologies Inc. | New | 1.45% | +1.45 |
| AON Aon PLC Class A | New | 1.22% | +1.22 |
| HUBB Hubbell Inc. | New | 1.11% | +1.11 |
| SNEX Stonex Group Inc. | New | 1.11% | +1.11 |
| NYT New York Times Co. Class A | Add +7.5% | 2.46% | +1.03 |
| A Agilent Technologies Inc. | New | 0.92% | +0.92 |
| RBA RB Global Inc. | New | 0.69% | +0.69 |
| VEEV Veeva Systems Inc. Class A | New | 0.64% | +0.64 |
| GLBE Global-E Online Ltd. | New | 0.59% | +0.59 |
| WSO Watsco Inc. | New | 0.46% | +0.46 |
| EFOR Everforth Inc. | Add +70.2% | 0.71% | +0.40 |
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 |