DF Dent & Co. Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), DF Dent & Co. Inc. reported 260 stock positions worth $7.5 billion. Its top holding was Visa Class A (V) at 3.7% of the portfolio, followed by Heico Class A (HEI.A, 3.5%) and Waste Connections (WCN, 3.2%). Compared with Q4 2024, it opened 24 new positions, sold out of 12, added to 59 and reduced 129. The biggest buy was Booz Allen Hamilton (BAH, shares +8111%) and the biggest sale Bio-Techne (TECH, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- BALTIMORE, MD
- CIK
- 0000934999
- Portfolio Value
- $7.5B (Q1 2025)
- SEC Filing
- 0000934999-25-000004 ↗ filed May 15, 2025
Holdings Value
Holdings 260 stocks · $7.5B
| V Visa Inc. Class A | 3.67% | 783,905 | $274.7M | Reduce -3.0% |
| HEI.A Heico Corp. Class A | 3.48% | 1,236,566 | $260.9M | Add +0.2% |
| WCN Waste Connections Inc. | 3.23% | 1,239,741 | $242.0M | Reduce -3.8% |
| TDG Transdigm Group Inc. | 3.10% | 167,967 | $232.3M | Reduce -4.1% |
| VMC Vulcan Materials Co. | 2.87% | 920,185 | $214.7M | Reduce -4.6% |
| MA Mastercard Inc. Class A | 2.86% | 390,798 | $214.2M | Reduce -3.7% |
| ECL Ecolab Inc. | 2.82% | 833,428 | $211.3M | Reduce -6.7% |
| MCO Moody's Corp. | 2.71% | 435,775 | $202.9M | Reduce -3.5% |
| AMZN Amazon.com Inc. | 2.60% | 1,023,214 | $194.7M | Reduce -3.2% |
| CSGP Costar Group Inc. | 2.50% | 2,367,144 | $187.5M | Reduce -3.6% |
| ANSS Ansys Inc. | 2.50% | 591,765 | $187.3M | Reduce -3.7% |
| VLTO Veralto Corp. | 2.32% | 1,780,863 | $173.5M | Add +5.9% |
| ISRG Intuitive Surgical Inc. | 2.28% | 345,060 | $170.9M | Reduce -6.1% |
| GOOG Alphabet Inc. Class C | 2.26% | 1,085,481 | $169.6M | Reduce -2.7% |
| TECH Bio-Techne Corp. | 2.26% | 2,881,170 | $168.9M | Reduce -10.0% |
| FAST Fastenal Co. | 2.25% | 2,175,667 | $168.7M | Reduce -5.3% |
| VEEV Veeva Systems Inc. Class A | 2.22% | 716,785 | $166.0M | Reduce -12.0% |
| SPGI S&P Global Inc. | 2.13% | 314,535 | $159.8M | Reduce -10.5% |
| CBRE CBRE Group Inc. Class A | 1.91% | 1,094,984 | $143.2M | Reduce -5.5% |
| ODFL Old Dominion Freight Line | 1.75% | 791,199 | $130.9M | Reduce -7.1% |
| MSFT Microsoft Corp. | 1.74% | 347,687 | $130.5M | Reduce -2.0% |
| GWRE Guidewire Software Inc. | 1.63% | 651,959 | $122.2M | Reduce -34.4% |
| DHR Danaher Corp. | 1.56% | 569,271 | $116.7M | Reduce -2.5% |
| KNSL Kinsale Capital Group Inc. | 1.52% | 233,251 | $113.5M | Reduce -5.0% |
| TMO Thermo Fisher Scientific Inc. | 1.41% | 212,499 | $105.7M | Reduce -2.7% |
| GSHD Goosehead Insurance Inc. Class A | 1.41% | 892,916 | $105.4M | Reduce -13.5% |
| MKL Markel Group Inc. | 1.38% | 55,271 | $103.3M | Reduce -33.3% |
| CDNS Cadence Design SYS Inc. | 1.36% | 400,954 | $102.0M | Add +24.2% |
| VRSK Verisk Analytics Inc. | 1.34% | 338,354 | $100.7M | Reduce -6.4% |
| WST West Pharmaceutical Services | 1.31% | 439,298 | $98.3M | Add +10.6% |
| MPWR Monolithic Power Systems Inc. | 1.24% | 159,988 | $92.8M | Add +2.9% |
| MANH Manhattan Associates Inc. | 1.22% | 526,820 | $91.2M | Add +136.6% |
| APPF Appfolio Inc. Class A | 1.15% | 391,903 | $86.2M | Reduce -5.3% |
| RGEN Repligen Corp. | 0.98% | 574,676 | $73.1M | Add +2.0% |
| KMX Carmax Inc. | 0.85% | 818,412 | $63.8M | Reduce -6.6% |
| TEAM Atlassian Corp. Class A | 0.85% | 299,550 | $63.6M | Reduce -4.4% |
| INTU Intuit Inc. | 0.83% | 101,631 | $62.4M | Reduce -2.3% |
| TYL Tyler Technologies Inc. | 0.77% | 99,392 | $57.8M | Reduce -3.9% |
| SITE Siteone Landscape Supply Inc. | 0.76% | 466,343 | $56.6M | Reduce -30.6% |
| ASML ASML Holding NV-NY Reg SHS | 0.73% | 82,252 | $54.5M | Add +20.4% |
| WNS WNS Holdings Ltd. filed as WNS HLDGS LTD | 0.72% | 873,866 | $53.7M | Reduce -15.7% |
| BAH Booz Allen Hamilton Holdings | 0.72% | 512,095 | $53.6M | Add +8110.6% |
| CPRT Copart Inc. | 0.71% | 936,730 | $53.0M | Add +2.4% |
| ORLY O'reilly Automotive Inc. | 0.68% | 35,694 | $51.1M | Reduce -0.6% |
| SHW The Sherwin-Williams Co. | 0.67% | 143,631 | $50.2M | Reduce -2.7% |
| ZTS Zoetis Inc. | 0.65% | 294,227 | $48.4M | Reduce -0.9% |
| UBER Uber Technologies Inc. | 0.61% | 629,924 | $45.9M | Add +24.0% |
| MEDP Medpace Holdings Inc. | 0.61% | 149,458 | $45.5M | Add +1.6% |
| QCOM Qualcomm Inc. | 0.60% | 292,424 | $44.9M | Reduce -6.4% |
| AMT American Tower Corp. | 0.58% | 199,806 | $43.5M | Reduce -7.1% |
| MTD Mettler-Toledo International | 0.52% | 33,154 | $39.2M | Reduce -5.5% |
| CNM Core & Main Inc. Class A | 0.52% | 800,114 | $38.7M | Reduce -1.8% |
| FND Floor & Decor Holdings Inc. Class A | 0.50% | 468,942 | $37.7M | Reduce -9.3% |
| HLNE Hamilton Lane Inc. Class A | 0.50% | 251,735 | $37.4M | Reduce -2.3% |
| MSCI MSCI Inc. | 0.49% | 65,097 | $36.8M | Reduce -4.3% |
| MUSA Murphy USA Inc. | 0.44% | 69,806 | $32.8M | Reduce -2.8% |
| EXP Eagle Materials Inc. | 0.43% | 145,870 | $32.4M | Add +13.6% |
| CWST Casella Waste Systems Inc. Class A | 0.43% | 288,856 | $32.2M | Add +21.6% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.39% | 83,064 | $29.3M | Reduce -12.5% |
| NOW ServiceNow Inc. | 0.38% | 35,886 | $28.6M | Add +41.2% |
| PTC PTC Inc. | 0.36% | 173,269 | $26.8M | New |
| PRM Perimeter Solutions Inc. | 0.36% | 2,660,674 | $26.8M | Add +17.6% |
| DSGX The Descartes Systems Grp | 0.36% | 264,075 | $26.6M | Reduce -2.4% |
| RBC RBC Bearings Inc. | 0.35% | 80,690 | $26.0M | Add +0.7% |
| ROP Roper Technologies Inc. | 0.34% | 43,417 | $25.6M | Reduce -10.5% |
| MORN Morningstar Inc. | 0.33% | 82,963 | $24.9M | Reduce -3.2% |
| HQY Healthequity Inc. | 0.33% | 279,971 | $24.7M | Reduce -2.6% |
| MSI Motorola Solutions Inc. | 0.33% | 56,141 | $24.6M | New |
| IEX Idex Corp. | 0.31% | 129,676 | $23.5M | Reduce -9.7% |
| IDXX Idexx Laboratories Inc. | 0.30% | 54,318 | $22.8M | Add +2.0% |
| ENTG Entegris Inc. | 0.30% | 253,208 | $22.2M | Add +0.3% |
| SPSC SPS Commerce Inc. | 0.29% | 163,384 | $21.7M | Add +33.3% |
| JBTM JBT Marel Corp. | 0.28% | 171,959 | $21.0M | Reduce -1.6% |
| PCOR Procore Technologies Inc. | 0.28% | 317,351 | $21.0M | Reduce -2.3% |
| MCHP Microchip Technology Inc. | 0.28% | 431,041 | $20.9M | Add +9.9% |
| HAYW Hayward Holdings Inc. | 0.28% | 1,480,845 | $20.6M | Reduce -2.2% |
| PG The Procter & Gamble Co. | 0.27% | 119,938 | $20.4M | Reduce -7.3% |
| NOVT Novanta Inc. | 0.27% | 156,317 | $20.0M | Reduce -21.8% |
| ALRM Alarm.com Holdings Inc. | 0.26% | 351,060 | $19.5M | Reduce -1.8% |
| AAPL Apple Inc. | 0.25% | 84,801 | $18.8M | Reduce -9.4% |
| CSW CSW Industrials Inc. | 0.25% | 64,451 | $18.8M | Reduce -3.4% |
| CRL Charles River Laboratories | 0.23% | 114,988 | $17.3M | Add +2.2% |
| EXPO Exponent Inc. | 0.23% | 211,732 | $17.2M | Add +0.7% |
| EVTC Evertec Inc. | 0.21% | 433,158 | $15.9M | Reduce -0.3% |
| UTZ Utz Brands Inc. | 0.21% | 1,125,017 | $15.8M | Reduce -2.9% |
| COST Costco Wholesale Corp. | 0.21% | 16,682 | $15.8M | Reduce -0.0% |
| SSD Simpson Manufacturing Co. Inc. | 0.21% | 99,775 | $15.7M | Reduce -1.9% |
| LMAT Lemaitre Vascular Inc. | 0.21% | 184,869 | $15.5M | Reduce -2.9% |
| WDFC WD-40 Co. | 0.21% | 63,426 | $15.5M | Reduce -2.1% |
| BFAM Bright Horizons Family Solut | 0.20% | 118,527 | $15.1M | Reduce -1.5% |
| FSS Federal Signal Corp. | 0.19% | 193,823 | $14.3M | Add +206.1% |
| PLOW Douglas Dynamics Inc. | 0.18% | 567,293 | $13.2M | Reduce -27.5% |
| DAVA Endava PLC- Spon ADR | 0.18% | 673,653 | $13.1M | Reduce -5.1% |
| AGYS Agilysys Inc. | 0.18% | 180,730 | $13.1M | Add +60.3% |
| TRUP Trupanion Inc. | 0.17% | 344,576 | $12.8M | Reduce -2.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.17% | 24,087 | $12.8M | Reduce -9.5% |
| KAI Kadant Inc. | 0.15% | 33,606 | $11.3M | Reduce -32.3% |
| RXST Rxsight Inc. | 0.14% | 421,061 | $10.6M | Reduce -0.3% |
| AIT Applied Industrial Tech Inc. | 0.14% | 46,123 | $10.4M | Add +92.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.14% | 13 | $10.4M | No change |
Portfolio Sells Q4 2024 → Q1 2025
| TECH Bio-Techne Corp. | Reduce -10.0% | 2.26% | −0.66 |
| GWRE Guidewire Software Inc. | Reduce -34.4% | 1.63% | −0.49 |
| EW Edwards Lifesciences Corp. | Reduce -95.5% | 0.02% | −0.48 |
| MKL Markel Group Inc. | Reduce -33.3% | 1.38% | −0.43 |
| GOOG Alphabet Inc. Class C | Reduce -2.7% | 2.26% | −0.42 |
| SITE Siteone Landscape Supply Inc. | Reduce -30.6% | 0.76% | −0.36 |
| AMZN Amazon.com Inc. | Reduce -3.2% | 2.60% | −0.34 |
| VMC Vulcan Materials Co. | Reduce -4.6% | 2.87% | −0.27 |
| BL Blackline Inc. | Reduce -98.1% | 0.00% | −0.17 |
| ODFL Old Dominion Freight Line | Reduce -7.1% | 1.75% | −0.15 |
| WSC Willscot Holdings Corp. | Sold out | 0.00% | −0.15 |
| MSFT Microsoft Corp. | Reduce -2.0% | 1.74% | −0.15 |
| FND Floor & Decor Holdings Inc. Class A | Reduce -9.3% | 0.50% | −0.15 |
| ISRG Intuitive Surgical Inc. | Reduce -6.1% | 2.28% | −0.15 |
| APPF Appfolio Inc. Class A | Reduce -5.3% | 1.15% | −0.14 |
| DHR Danaher Corp. | Reduce -2.5% | 1.56% | −0.14 |
| ANSS Ansys Inc. | Reduce -3.7% | 2.50% | −0.12 |
| NOVT Novanta Inc. | Reduce -21.8% | 0.27% | −0.12 |
| TEAM Atlassian Corp. Class A | Reduce -4.4% | 0.85% | −0.12 |
| ILMN Illumina Inc. | Reduce -31.9% | 0.08% | −0.11 |
| DAVA Endava PLC- Spon ADR | Reduce -5.1% | 0.18% | −0.10 |
| SPGI S&P Global Inc. | Reduce -10.5% | 2.13% | −0.08 |
| IEX Idex Corp. | Reduce -9.7% | 0.31% | −0.07 |
| KAI Kadant Inc. | Reduce -32.3% | 0.15% | −0.07 |
| PLOW Douglas Dynamics Inc. | Reduce -27.5% | 0.18% | −0.06 |
| KMX Carmax Inc. | Reduce -6.6% | 0.85% | −0.06 |
| CSW CSW Industrials Inc. | Reduce -3.4% | 0.25% | −0.05 |
| AAPL Apple Inc. | Reduce -9.4% | 0.25% | −0.05 |
| TRUP Trupanion Inc. | Reduce -2.5% | 0.17% | −0.04 |
| RXST Rxsight Inc. | Reduce -0.3% | 0.14% | −0.04 |
| DSGX The Descartes Systems Grp | Reduce -2.4% | 0.36% | −0.03 |
| MORN Morningstar Inc. | Reduce -3.2% | 0.33% | −0.03 |
| PCOR Procore Technologies Inc. | Reduce -2.3% | 0.28% | −0.03 |
| TMO Thermo Fisher Scientific Inc. | Reduce -2.7% | 1.41% | −0.03 |
| MSCI MSCI Inc. | Reduce -4.3% | 0.49% | −0.03 |
| TROW T Rowe Price Group Inc. | Reduce -8.3% | 0.08% | −0.02 |
| IWO iShares Russell 2000 Growth | Sold out | 0.00% | −0.02 |
| MTD Mettler-Toledo International | Reduce -5.5% | 0.52% | −0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -12.5% | 0.39% | −0.02 |
| CCJ Cameco Corp. | Reduce -24.4% | 0.03% | −0.02 |
| HQY Healthequity Inc. | Reduce -2.6% | 0.33% | −0.02 |
| UTZ Utz Brands Inc. | Reduce -2.9% | 0.21% | −0.02 |
| MUSA Murphy USA Inc. | Reduce -2.8% | 0.44% | −0.02 |
| HAYW Hayward Holdings Inc. | Reduce -2.2% | 0.28% | −0.02 |
| WAB Wabtec Corp. | Reduce -40.4% | 0.02% | −0.02 |
| IWP iShares Russell Mid-Cap Grow | Sold out | 0.00% | −0.02 |
| LMAT Lemaitre Vascular Inc. | Reduce -2.9% | 0.21% | −0.01 |
| ALRM Alarm.com Holdings Inc. | Reduce -1.8% | 0.26% | −0.01 |
| CBRE CBRE Group Inc. Class A | Reduce -5.5% | 1.91% | −0.01 |
| IR Ingersoll-Rand Inc. | Reduce -30.3% | 0.02% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| BAH Booz Allen Hamilton Holdings | Add +8110.6% | 0.72% | +0.70 |
| HEI.A Heico Corp. Class A | Add +0.2% | 3.48% | +0.58 |
| MANH Manhattan Associates Inc. | Add +136.6% | 1.22% | +0.46 |
| PTC PTC Inc. | New | 0.36% | +0.36 |
| MSI Motorola Solutions Inc. | New | 0.33% | +0.33 |
| UBER Uber Technologies Inc. | Add +24.0% | 0.61% | +0.22 |
| VLTO Veralto Corp. | Add +5.9% | 2.32% | +0.15 |
| CDNS Cadence Design SYS Inc. | Add +24.2% | 1.36% | +0.13 |
| ASML ASML Holding NV-NY Reg SHS | Add +20.4% | 0.73% | +0.13 |
| FSS Federal Signal Corp. | Add +206.1% | 0.19% | +0.12 |
| CWST Casella Waste Systems Inc. Class A | Add +21.6% | 0.43% | +0.11 |
| MPWR Monolithic Power Systems Inc. | Add +2.9% | 1.24% | +0.07 |
| AIT Applied Industrial Tech Inc. | Add +92.6% | 0.14% | +0.07 |
| MCEWEN MNG INC | New | 0.06% | +0.06 |
| RBC RBC Bearings Inc. | Add +0.7% | 0.35% | +0.04 |
| CPRT Copart Inc. | Add +2.4% | 0.71% | +0.04 |
| NOW ServiceNow Inc. | Add +41.2% | 0.38% | +0.04 |
| EXP Eagle Materials Inc. | Add +13.6% | 0.43% | +0.03 |
| IDXX Idexx Laboratories Inc. | Add +2.0% | 0.30% | +0.03 |
| WPM Wheaton Precious Metals Corp. | Add +44.9% | 0.05% | +0.02 |
| FNV Franco-Nevada Corp. | Add +38.1% | 0.05% | +0.02 |
| ISHG iShares -3 Year Internationa | New | 0.02% | +0.02 |
| BWZ State Street SPDR Bloomberg | New | 0.02% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +7.8% | 0.13% | +0.02 |
| EQT Eqt Corp. | New | 0.02% | +0.02 |
| TTAN Servicetitan Inc. Class A | Add +17.0% | 0.12% | +0.01 |
| IJR iShares Core S&P Small-Cap E | New | 0.01% | +0.01 |
| SIG Signet Jewelers Ltd. | New | 0.01% | +0.01 |
| RRC Range Resources Corp. | Add +6.7% | 0.05% | +0.01 |
| WFC Wells Fargo & Co. | Add +313.6% | 0.01% | +0.01 |
| ABT Abbott Laboratories | Add +0.5% | 0.04% | +0.01 |
| IJH iShares Core S&P Midcap ETF | New | 0.01% | +0.01 |
| STNG Scorpio Tankers Inc. | New | 0.01% | +0.01 |
| KGC Kinross Gold Corp. | New | 0.01% | +0.01 |
| HL Hecla Mining Co. | New | 0.01% | +0.01 |
| ORCL Oracle Corp. | Add +153.1% | 0.01% | +0.01 |
| OTIS Otis Worldwide Corp. | Add +26.4% | 0.01% | +0.00 |
| SWN Southwestern Energy Co. | New | 0.00% | +0.00 |
| COP Conocophillips | Add +88.5% | 0.01% | +0.00 |
| CVX Chevron Corp. | Add +1.5% | 0.02% | +0.00 |
| SPSC SPS Commerce Inc. | Add +33.3% | 0.29% | +0.00 |
| UNH Unitedhealth Group Inc. | Add +0.6% | 0.04% | +0.00 |
| TRNO Terreno Realty Corp. | Add +2.2% | 0.03% | +0.00 |
| FXF Invesco Currencyshares Swiss | New | 0.00% | +0.00 |
| NTR Nutrien Ltd. | New | 0.00% | +0.00 |
| RSG Republic Services Inc. | New | 0.00% | +0.00 |
| LIN Linde PLC | Add +2.0% | 0.02% | +0.00 |
| KWEB Kranesh Csi China Internet | New | 0.00% | +0.00 |
| O Realty Income Corp. | New | 0.00% | +0.00 |
| DIS The Walt Disney Co. | Add +23.1% | 0.02% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 271 | $5.3B | GOOG, V, HEI.A, AMZN, TDG |
| Q1 2026 | 262 | $5.2B | GOOG, V, AMZN, HEI.A, VMC |
| Q4 2025 | 263 | $6.9B | GOOG, HEI.A, V, VMC, AMZN |
| Q3 2025 | 272 | $7.7B | HEI.A, VMC, V, GOOG, TDG |
| Q2 2025 | 251 | $7.9B | HEI.A, V, TDG, VMC, WCN |
| Q1 2025 | 260 | $7.5B | V, HEI.A, WCN, TDG, VMC |
| Q4 2024 | 248 | $7.9B | V, VMC, AMZN, TECH, HEI.A |
| Q3 2024 | 261 | $8.2B | HEI.A, TECH, TDG, VMC, WCN |
| Q2 2024 | 244 | $7.7B | HEI.A, WCN, VMC, ISRG, TDG |
| Q1 2024 | 265 | $8.2B | VMC, TDG, WCN, ECL, ISRG |