DF Dent & Co. Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), DF Dent & Co. Inc. reported 272 stock positions worth $7.7 billion. Its top holding was Heico Class A (HEI.A) at 3.7% of the portfolio, followed by Vulcan Materials (VMC, 3.3%) and Visa Class A (V, 3.3%). Compared with Q2 2025, it opened 32 new positions, sold out of 11, added to 83 and reduced 101. The biggest buy was a new position in Synopsys (SNPS) and the biggest sale an exit from Ansys (ANSS).
- Most Recent 13F
- Q2 2026
- Location
- BALTIMORE, MD
- CIK
- 0000934999
- Portfolio Value
- $7.7B (Q3 2025)
- SEC Filing
- 0000934999-25-000008 ↗ filed Nov 14, 2025
Holdings Value
Holdings 272 stocks · $7.7B
| HEI.A Heico Corp. Class A | 3.69% | 1,123,846 | $285.6M | Reduce -8.2% |
| VMC Vulcan Materials Co. | 3.32% | 836,254 | $257.2M | Reduce -4.9% |
| V Visa Inc. Class A | 3.31% | 749,424 | $255.8M | Reduce -3.0% |
| GOOG Alphabet Inc. Class C | 2.91% | 924,384 | $225.1M | Reduce -13.0% |
| TDG Transdigm Group Inc. | 2.83% | 166,284 | $219.2M | Add +0.3% |
| ECL Ecolab Inc. | 2.79% | 787,340 | $215.6M | Reduce -4.2% |
| AMZN Amazon.com Inc. | 2.77% | 974,908 | $214.1M | Reduce -3.1% |
| MA Mastercard Inc. Class A | 2.71% | 368,477 | $209.6M | Reduce -3.9% |
| WCN Waste Connections Inc. | 2.64% | 1,162,958 | $204.4M | Reduce -4.8% |
| MCO Moody's Corp. | 2.47% | 401,205 | $191.2M | Reduce -6.3% |
| VEEV Veeva Systems Inc. Class A | 2.39% | 621,842 | $185.3M | Reduce -4.5% |
| CSGP Costar Group Inc. | 2.37% | 2,177,724 | $183.7M | Reduce -4.1% |
| MSFT Microsoft Corp. | 2.33% | 348,501 | $180.5M | Reduce -1.6% |
| VLTO Veralto Corp. | 2.17% | 1,578,497 | $168.3M | Reduce -4.5% |
| FAST Fastenal Co. | 2.00% | 3,155,857 | $154.8M | Reduce -5.4% |
| TECH Bio-Techne Corp. | 2.00% | 2,780,961 | $154.7M | Add +2.1% |
| ISRG Intuitive Surgical Inc. | 1.96% | 339,767 | $152.0M | Add +1.3% |
| CBRE CBRE Group Inc. Class A | 1.87% | 919,248 | $144.8M | Reduce -15.3% |
| MPWR Monolithic Power Systems Inc. | 1.78% | 149,730 | $137.8M | Reduce -12.5% |
| SPGI S&P Global Inc. | 1.75% | 277,706 | $135.2M | Reduce -9.3% |
| CDNS Cadence Design SYS Inc. | 1.74% | 382,669 | $134.4M | Reduce -10.3% |
| TYL Tyler Technologies Inc. | 1.71% | 252,725 | $132.2M | Add +97.5% |
| MANH Manhattan Associates Inc. | 1.55% | 585,464 | $120.0M | Reduce -3.1% |
| APPF Appfolio Inc. Class A | 1.52% | 427,598 | $117.9M | Reduce -13.6% |
| KNSL Kinsale Capital Group Inc. | 1.46% | 264,910 | $112.7M | Add +12.7% |
| GWRE Guidewire Software Inc. | 1.44% | 484,726 | $111.4M | Reduce -7.0% |
| DHR Danaher Corp. | 1.39% | 541,667 | $107.4M | Reduce -2.0% |
| WST West Pharmaceutical Services | 1.30% | 383,705 | $100.7M | Reduce -2.9% |
| CPRT Copart Inc. | 1.27% | 2,193,373 | $98.6M | Add +41.9% |
| TMO Thermo Fisher Scientific Inc. | 1.26% | 201,709 | $97.8M | Reduce -3.8% |
| MKL Markel Group Inc. | 0.98% | 39,707 | $75.9M | Reduce -6.6% |
| GSHD Goosehead Insurance Inc. Class A | 0.97% | 1,012,414 | $75.3M | Add +2.0% |
| PCOR Procore Technologies Inc. | 0.96% | 1,017,035 | $74.2M | Add +208.6% |
| ASML ASML Holding NV-NY Reg SHS | 0.94% | 74,900 | $72.5M | Reduce -4.1% |
| RGEN Repligen Corp. | 0.92% | 534,719 | $71.5M | Reduce -8.8% |
| MSCI MSCI Inc. | 0.90% | 122,310 | $69.4M | Add +83.6% |
| SNPS Synopsys Inc. | 0.89% | 139,967 | $69.1M | New |
| INTU Intuit Inc. | 0.86% | 97,035 | $66.3M | Reduce -2.5% |
| UBER Uber Technologies Inc. | 0.85% | 672,314 | $65.9M | Add +6.5% |
| PTC PTC Inc. | 0.85% | 324,407 | $65.9M | Add +10.3% |
| PRM Perimeter Solutions Inc. | 0.80% | 2,748,643 | $61.5M | Reduce -3.8% |
| MSI Motorola Solutions Inc. | 0.78% | 131,786 | $60.3M | Add +17.8% |
| AAPL Apple Inc. | 0.76% | 231,579 | $59.0M | Add +169.2% |
| NOW ServiceNow Inc. | 0.74% | 62,493 | $57.5M | Add +34.9% |
| VRSK Verisk Analytics Inc. | 0.74% | 226,489 | $57.0M | Reduce -25.1% |
| FND Floor & Decor Holdings Inc. Class A | 0.71% | 749,234 | $55.2M | Add +35.0% |
| ORLY O'reilly Automotive Inc. | 0.69% | 497,631 | $53.6M | Reduce -4.3% |
| BAH Booz Allen Hamilton Holdings | 0.68% | 525,510 | $52.5M | Reduce -7.2% |
| SITE Siteone Landscape Supply Inc. | 0.63% | 378,156 | $48.7M | Reduce -17.4% |
| ODFL Old Dominion Freight Line | 0.60% | 329,774 | $46.4M | Reduce -46.9% |
| MORN Morningstar Inc. | 0.60% | 199,585 | $46.3M | Add +129.4% |
| SHW The Sherwin-Williams Co. | 0.59% | 131,712 | $45.6M | Reduce -4.6% |
| QCOM Qualcomm Inc. | 0.59% | 273,238 | $45.5M | Reduce -4.2% |
| TEAM Atlassian Corp. Class A | 0.57% | 278,253 | $44.4M | Reduce -19.5% |
| MTD Mettler-Toledo International | 0.52% | 32,835 | $40.3M | Reduce -2.8% |
| HLNE Hamilton Lane Inc. Class A | 0.50% | 285,835 | $38.5M | Add +10.1% |
| RBC RBC Bearings Inc. | 0.49% | 97,221 | $37.9M | Reduce -3.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.49% | 77,179 | $37.8M | Reduce -3.1% |
| HAYW Hayward Holdings Inc. | 0.45% | 2,320,791 | $35.1M | Add +15.1% |
| DSGX The Descartes Systems Grp | 0.45% | 372,325 | $35.1M | Add +36.1% |
| AMT American Tower Corp. | 0.44% | 175,663 | $33.8M | Reduce -9.0% |
| MEDP Medpace Holdings Inc. | 0.43% | 64,130 | $33.0M | Reduce -58.3% |
| ENTG Entegris Inc. | 0.38% | 319,181 | $29.5M | Reduce -1.8% |
| NOVT Novanta Inc. | 0.38% | 293,675 | $29.4M | Add +41.7% |
| IDXX Idexx Laboratories Inc. | 0.37% | 44,447 | $28.4M | Reduce -3.8% |
| CSW CSW Industrials Inc. | 0.35% | 113,007 | $27.4M | Add +32.9% |
| CNM Core & Main Inc. Class A | 0.35% | 509,245 | $27.4M | Reduce -18.5% |
| MUSA Murphy USA Inc. | 0.35% | 69,801 | $27.1M | Reduce -19.2% |
| BRO Brown & Brown Inc. | 0.35% | 285,463 | $26.8M | New |
| MCHP Microchip Technology Inc. | 0.34% | 415,064 | $26.7M | Reduce -7.3% |
| CWST Casella Waste Systems Inc. Class A | 0.34% | 276,605 | $26.2M | Reduce -7.8% |
| AIT Applied Industrial Tech Inc. | 0.33% | 97,881 | $25.6M | Reduce -1.3% |
| SPSC SPS Commerce Inc. | 0.32% | 237,464 | $24.7M | Add +45.2% |
| FSS Federal Signal Corp. | 0.31% | 203,712 | $24.2M | Reduce -22.1% |
| EXP Eagle Materials Inc. | 0.30% | 98,896 | $23.0M | Reduce -34.7% |
| ALRM Alarm.com Holdings Inc. | 0.30% | 431,877 | $22.9M | Add +21.3% |
| BMI Badger Meter Inc. | 0.30% | 127,963 | $22.9M | New |
| ROP Roper Technologies Inc. | 0.28% | 44,233 | $22.1M | Reduce -0.6% |
| AGYS Agilysys Inc. | 0.28% | 205,722 | $21.7M | Reduce -4.3% |
| HQY Healthequity Inc. | 0.25% | 205,859 | $19.5M | Reduce -27.7% |
| PG The Procter & Gamble Co. | 0.25% | 126,074 | $19.4M | Add +3.3% |
| IEX Idex Corp. | 0.24% | 116,241 | $18.9M | Reduce -12.5% |
| ESE Esco Technologies Inc. | 0.23% | 85,579 | $18.1M | Add +44.0% |
| UTZ Utz Brands Inc. | 0.23% | 1,470,671 | $17.9M | Reduce -7.6% |
| JNJ Johnson & Johnson | 0.23% | 94,687 | $17.6M | Add +74.8% |
| PLOW Douglas Dynamics Inc. | 0.22% | 550,635 | $17.2M | Reduce -5.2% |
| MASI Masimo Corp. | 0.21% | 108,653 | $16.0M | New |
| LMAT Lemaitre Vascular Inc. | 0.20% | 178,430 | $15.6M | Reduce -5.0% |
| KAI Kadant Inc. | 0.20% | 51,924 | $15.5M | Reduce -3.7% |
| COST Costco Wholesale Corp. | 0.19% | 16,061 | $14.9M | Reduce -3.9% |
| ABT Abbott Laboratories | 0.19% | 109,014 | $14.6M | Add +359.8% |
| EXPO Exponent Inc. | 0.18% | 196,958 | $13.7M | Reduce -7.9% |
| SSD Simpson Manufacturing Co. Inc. | 0.16% | 72,994 | $12.2M | Reduce -28.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.16% | 24,208 | $12.2M | Add +2.5% |
| CRL Charles River Laboratories | 0.15% | 74,672 | $11.7M | Reduce -54.0% |
| JPM JPMorgan Chase & Co. | 0.15% | 36,522 | $11.5M | Add +4.2% |
| JBTM JBT Marel Corp. | 0.14% | 75,116 | $10.5M | Reduce -39.3% |
| ONTO Onto Innovation Inc. | 0.13% | 80,423 | $10.4M | New |
| BRK.A Berkshire Hathaway Inc. Class A | 0.13% | 13 | $9.8M | No change |
| TTAN Servicetitan Inc. Class A | 0.12% | 92,315 | $9.3M | Reduce -3.6% |
Portfolio Sells Q2 2025 → Q3 2025
| ANSS Ansys Inc. | Sold out | 0.00% | −2.58 |
| WNS WNS Holdings Ltd. | Sold out | 0.00% | −0.71 |
| ODFL Old Dominion Freight Line | Reduce -46.9% | 0.60% | −0.68 |
| VRSK Verisk Analytics Inc. | Reduce -25.1% | 0.74% | −0.46 |
| KMX Carmax Inc. | Sold out | 0.00% | −0.44 |
| HEI.A Heico Corp. Class A | Reduce -8.2% | 3.69% | −0.33 |
| TEAM Atlassian Corp. Class A | Reduce -19.5% | 0.57% | −0.32 |
| SPGI S&P Global Inc. | Reduce -9.3% | 1.75% | −0.30 |
| MCO Moody's Corp. | Reduce -6.3% | 2.47% | −0.26 |
| WCN Waste Connections Inc. | Reduce -4.8% | 2.64% | −0.25 |
| MEDP Medpace Holdings Inc. | Reduce -58.3% | 0.43% | −0.19 |
| WDFC WD-40 Co. | Sold out | 0.00% | −0.19 |
| V Visa Inc. Class A | Reduce -3.0% | 3.31% | −0.18 |
| TRUP Trupanion Inc. | Sold out | 0.00% | −0.17 |
| CRL Charles River Laboratories | Reduce -54.0% | 0.15% | −0.16 |
| INTU Intuit Inc. | Reduce -2.5% | 0.86% | −0.14 |
| EVTC Evertec Inc. | Sold out | 0.00% | −0.13 |
| HQY Healthequity Inc. | Reduce -27.7% | 0.25% | −0.13 |
| CNM Core & Main Inc. Class A | Reduce -18.5% | 0.35% | −0.12 |
| GWRE Guidewire Software Inc. | Reduce -7.0% | 1.44% | −0.12 |
| AMT American Tower Corp. | Reduce -9.0% | 0.44% | −0.11 |
| CWST Casella Waste Systems Inc. Class A | Reduce -7.8% | 0.34% | −0.10 |
| MKL Markel Group Inc. | Reduce -6.6% | 0.98% | −0.10 |
| MUSA Murphy USA Inc. | Reduce -19.2% | 0.35% | −0.10 |
| EXP Eagle Materials Inc. | Reduce -34.7% | 0.30% | −0.09 |
| SITE Siteone Landscape Supply Inc. | Reduce -17.4% | 0.63% | −0.07 |
| BAH Booz Allen Hamilton Holdings | Reduce -7.2% | 0.68% | −0.07 |
| CBRE CBRE Group Inc. Class A | Reduce -15.3% | 1.87% | −0.06 |
| ZTS Zoetis Inc. | Reduce -55.3% | 0.04% | −0.06 |
| MCHP Microchip Technology Inc. | Reduce -7.3% | 0.34% | −0.06 |
| JBTM JBT Marel Corp. | Reduce -39.3% | 0.14% | −0.05 |
| IEX Idex Corp. | Reduce -12.5% | 0.24% | −0.05 |
| SSD Simpson Manufacturing Co. Inc. | Reduce -28.1% | 0.16% | −0.04 |
| FSS Federal Signal Corp. | Reduce -22.1% | 0.31% | −0.04 |
| MKTX Marketaxess Holdings Inc. | Reduce -8.9% | 0.09% | −0.04 |
| ROP Roper Technologies Inc. | Reduce -0.6% | 0.28% | −0.04 |
| AMZN Amazon.com Inc. | Reduce -3.1% | 2.77% | −0.03 |
| AGYS Agilysys Inc. | Reduce -4.3% | 0.28% | −0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -3.1% | 0.49% | −0.03 |
| EXPO Exponent Inc. | Reduce -7.9% | 0.18% | −0.03 |
| MA Mastercard Inc. Class A | Reduce -3.9% | 2.71% | −0.03 |
| ECL Ecolab Inc. | Reduce -4.2% | 2.79% | −0.03 |
| UTZ Utz Brands Inc. | Reduce -7.6% | 0.23% | −0.02 |
| DXCM Dexcom Inc. | Reduce -39.4% | 0.02% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -3.9% | 0.19% | −0.02 |
| KAI Kadant Inc. | Reduce -3.7% | 0.20% | −0.02 |
| SHW The Sherwin-Williams Co. | Reduce -4.6% | 0.59% | −0.01 |
| CDW CDW Corp. | Reduce -71.1% | 0.00% | −0.01 |
| CNSWF Constellation Software Inc. | Reduce -8.4% | 0.02% | −0.01 |
| TTAN Servicetitan Inc. Class A | Reduce -3.6% | 0.12% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| SNPS Synopsys Inc. | New | 0.89% | +0.89 |
| TYL Tyler Technologies Inc. | Add +97.5% | 1.71% | +0.75 |
| PCOR Procore Technologies Inc. | Add +208.6% | 0.96% | +0.67 |
| AAPL Apple Inc. | Add +169.2% | 0.76% | +0.54 |
| MSCI MSCI Inc. | Add +83.6% | 0.90% | +0.41 |
| BRO Brown & Brown Inc. | New | 0.35% | +0.35 |
| CPRT Copart Inc. | Add +41.9% | 1.27% | +0.31 |
| BMI Badger Meter Inc. | New | 0.30% | +0.30 |
| MORN Morningstar Inc. | Add +129.4% | 0.60% | +0.25 |
| TECH Bio-Techne Corp. | Add +2.1% | 2.00% | +0.22 |
| PTC PTC Inc. | Add +10.3% | 0.85% | +0.21 |
| MASI Masimo Corp. | New | 0.21% | +0.21 |
| MSI Motorola Solutions Inc. | Add +17.8% | 0.78% | +0.18 |
| FND Floor & Decor Holdings Inc. Class A | Add +35.0% | 0.71% | +0.18 |
| ABT Abbott Laboratories | Add +359.8% | 0.19% | +0.15 |
| NOW ServiceNow Inc. | Add +34.9% | 0.74% | +0.14 |
| ONTO Onto Innovation Inc. | New | 0.13% | +0.13 |
| JNJ Johnson & Johnson | Add +74.8% | 0.23% | +0.12 |
| UBER Uber Technologies Inc. | Add +6.5% | 0.85% | +0.10 |
| DSGX The Descartes Systems Grp | Add +36.1% | 0.45% | +0.10 |
| HAYW Hayward Holdings Inc. | Add +15.1% | 0.45% | +0.10 |
| ESE Esco Technologies Inc. | Add +44.0% | 0.23% | +0.09 |
| PAAS Pan American Silver Corp. | New | 0.08% | +0.08 |
| ENSG The Ensign Group Inc. | New | 0.06% | +0.06 |
| BAC Bank of America Corp. | Add +435.6% | 0.06% | +0.05 |
| CSW CSW Industrials Inc. | Add +32.9% | 0.35% | +0.04 |
| NOVT Novanta Inc. | Add +41.7% | 0.38% | +0.04 |
| ALRM Alarm.com Holdings Inc. | Add +21.3% | 0.30% | +0.04 |
| MRK Merck & Co. Inc. | Add +62.5% | 0.09% | +0.04 |
| SPSC SPS Commerce Inc. | Add +45.2% | 0.32% | +0.04 |
| PAYX Paychex Inc. | Add +76.8% | 0.09% | +0.03 |
| ABBV Abbvie Inc. | Add +17.9% | 0.10% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +3.3% | 0.10% | +0.03 |
| HLNE Hamilton Lane Inc. Class A | Add +10.1% | 0.50% | +0.03 |
| TSCO Tractor Supply Company | New | 0.03% | +0.03 |
| GWW WW Grainger Inc. | New | 0.03% | +0.03 |
| META Meta Platforms Inc. Class A | Add +305.8% | 0.03% | +0.02 |
| HD Home Depot Inc. | Add +60.4% | 0.05% | +0.02 |
| ORCL Oracle Corp. | Add +137.2% | 0.03% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +4.2% | 0.15% | +0.02 |
| AXP American Express Co. | Add +577.8% | 0.02% | +0.02 |
| WSM Williams-Sonoma Inc. | New | 0.02% | +0.02 |
| ADP Automatic Data Processing | Add +28.9% | 0.08% | +0.02 |
| DKS Dick's Sporting Goods Inc. | New | 0.02% | +0.02 |
| ITW Illinois Tool Works | Add +213.2% | 0.02% | +0.01 |
| PGR Progressive Corp. | New | 0.01% | +0.01 |
| MCK McKesson Corp. | New | 0.01% | +0.01 |
| LLY Eli Lilly & Co. | Add +38.6% | 0.04% | +0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.5% | 0.16% | +0.01 |
| SPMO Invesco S&P 500 Momentum ETF | New | 0.01% | +0.01 |
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 |