Dorsey Wright & Associates
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 18, 2025), Dorsey Wright & Associates reported 134 stock positions worth $447.2 million. Its top holding was Palantir Technologies Class A (PLTR) at 3.9% of the portfolio, followed by Nvidia (NVDA, 3.8%) and Amphenol Class A (APH, 3.5%). Compared with Q2 2025, it opened 41 new positions, sold out of 40, added to 36 and reduced 49. The biggest buy was a new position in Newmont (NEM) and the biggest sale an exit from Arthur J Gallagher (AJG).
- Most Recent 13F
- Q2 2026
- Location
- PASADENA, CA
- CIK
- 0001376772
- Portfolio Value
- $447.2M (Q3 2025)
- SEC Filing
- 0001376772-25-000007 ↗ filed Nov 18, 2025
Holdings Value
Holdings 134 stocks · $447.2M
| PLTR Palantir Technologies Inc. Class A | 3.86% | 94,638 | $17.3M | Reduce -21.3% |
| NVDA Nvidia Corp. | 3.80% | 91,147 | $17.0M | Add +3.0% |
| APH Amphenol Corp. Class A | 3.48% | 125,858 | $15.6M | Add +74.8% |
| NRG NRG Energy Inc. | 3.41% | 94,201 | $15.3M | Add +1.7% |
| VST Vistra Corp. | 3.09% | 70,598 | $13.8M | Add +46.8% |
| NEM Newmont Corp. | 2.65% | 140,345 | $11.8M | New |
| AVGO Broadcom Inc. | 2.59% | 35,152 | $11.6M | Add +22.3% |
| GEV GE Vernova Inc. | 2.24% | 16,263 | $10.0M | Add +4.0% |
| META Meta Platforms Inc. Class A | 2.18% | 13,304 | $9.8M | Add +0.5% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 2.14% | 87,688 | $9.6M | Add +0.9% |
| CW Curtiss-Wright Corp. | 2.09% | 17,217 | $9.3M | Add +29.7% |
| CRS Carpenter Technology | 2.08% | 37,796 | $9.3M | New |
| RCL Royal Caribbean Cruises Ltd. | 2.03% | 28,014 | $9.1M | Add +33.5% |
| NFLX Netflix Inc. | 1.92% | 7,149 | $8.6M | Add +3.8% |
| EME Emcor Group Inc. | 1.88% | 12,953 | $8.4M | Add +4.6% |
| WFC Wells Fargo & Co. | 1.78% | 95,138 | $8.0M | Add +3.4% |
| MP MP Materials Corp. | 1.77% | 118,252 | $7.9M | Add +84.1% |
| TT Trane Technologies PLC | 1.66% | 17,577 | $7.4M | Add +4.4% |
| DTM DT Midstream Inc. | 1.61% | 63,636 | $7.2M | Add +0.7% |
| AXON Axon Enterprise Inc. | 1.48% | 9,231 | $6.6M | Add +0.3% |
| FIX Comfort Systems USA Inc. | 1.47% | 7,946 | $6.6M | New |
| SGI Somnigroup International Inc. | 1.38% | 73,269 | $6.2M | New |
| DASH DoorDash Inc. Class A | 1.28% | 21,077 | $5.7M | New |
| CEG Constellation Energy | 1.24% | 16,833 | $5.5M | Add +1.2% |
| EBAY eBay Inc. | 1.24% | 60,873 | $5.5M | New |
| HLI Houlihan Lokey Inc. | 1.23% | 26,869 | $5.5M | Add +4.7% |
| MEDP Medpace Holdings Inc. | 1.14% | 9,885 | $5.1M | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.13% | 17,945 | $5.1M | Add +1.4% |
| MA Mastercard Inc. Class A | 1.08% | 8,486 | $4.8M | Add +5.7% |
| INTU Intuit Inc. | 1.07% | 7,020 | $4.8M | Add +5.6% |
| GS Goldman Sachs Group Inc. | 1.04% | 5,823 | $4.6M | Add +794.5% |
| CAH Cardinal Health Inc. | 1.03% | 29,318 | $4.6M | Add +2367.8% |
| UAL United Airlines Holdings Inc. | 1.00% | 46,523 | $4.5M | Add +1.0% |
| EVR Evercore Inc. Class A | 1.00% | 13,243 | $4.5M | Add +763.3% |
| PM Philip Morris International | 0.97% | 26,748 | $4.3M | Reduce -26.1% |
| PANW Palo Alto Networks Inc. | 0.93% | 20,486 | $4.2M | Add +1.1% |
| MOS The Mosaic Co. | 0.93% | 120,253 | $4.2M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.93% | 36,296 | $4.2M | New |
| NWS News Corp. Class B | 0.87% | 112,308 | $3.9M | Add +0.6% |
| HWM Howmet Aerospace Inc. | 0.85% | 19,482 | $3.8M | Reduce -0.4% |
| MCO Moody's Corp. | 0.81% | 7,579 | $3.6M | Add +0.3% |
| EMBJ Embraer SA-Spon ADR | 0.77% | 56,846 | $3.4M | Reduce -10.2% |
| GLD SPDR Gold Shares | 0.76% | 9,549 | $3.4M | Reduce -0.6% |
| IEF iShares 7-10 Year Treasury B | 0.75% | 34,775 | $3.4M | Add +8.5% |
| DBP Invesco DB Precious Metals F | 0.74% | 37,355 | $3.3M | Add +0.0% |
| SLV iShares Silver Trust | 0.73% | 77,375 | $3.3M | Reduce -1.4% |
| XLI SS Industrial Select Sector | 0.73% | 21,245 | $3.3M | Reduce -1.1% |
| EZU iShares MSCI Eurozone ETF | 0.69% | 49,716 | $3.1M | Reduce -0.7% |
| IVW iShares S&P 500 Growth ETF | 0.67% | 24,877 | $3.0M | New |
| MTUM iShares MSCI USA Momentum Fa | 0.67% | 11,620 | $3.0M | Reduce -1.1% |
| IEV iShares Europe ETF | 0.64% | 43,778 | $2.9M | Add +0.2% |
| DWX State Street SPDR S&P Intern | 0.64% | 66,825 | $2.9M | Add +0.2% |
| GFI Gold Fields Ltd.-Spons ADR | 0.62% | 65,729 | $2.8M | New |
| BBVA Banco Bilbao Vizcaya-SP ADR | 0.60% | 139,664 | $2.7M | Reduce -9.7% |
| MTZ Mastec Inc. | 0.59% | 12,377 | $2.6M | New |
| XLF SS Financial Select Sector | 0.58% | 47,912 | $2.6M | Reduce -0.1% |
| HMY Harmony Gold MNG-Spon ADR | 0.56% | 138,374 | $2.5M | Reduce -11.8% |
| STX Seagate Technology Holdings | 0.56% | 10,601 | $2.5M | New |
| COF Capital One Financial Corp. | 0.55% | 11,596 | $2.5M | Reduce -0.7% |
| CYD China Yuchai Intl Ltd. | 0.55% | 59,592 | $2.5M | New |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 0.55% | 154,364 | $2.5M | Reduce -9.4% |
| LITE Lumentum Holdings Inc. | 0.52% | 14,162 | $2.3M | New |
| IDXX Idexx Laboratories Inc. | 0.51% | 3,601 | $2.3M | New |
| SE Sea Ltd.-ADR | 0.51% | 12,718 | $2.3M | Reduce -9.2% |
| VNET Vnet Group Inc.-ADR | 0.49% | 210,137 | $2.2M | Reduce -8.3% |
| BCS Barclays PLC-Spons ADR | 0.48% | 104,289 | $2.2M | Reduce -9.6% |
| NFG National Fuel Gas Co. | 0.48% | 23,030 | $2.1M | Reduce -0.5% |
| TIGR Up Fintech Holding Ltd. - ADR | 0.47% | 198,988 | $2.1M | Reduce -10.1% |
| TCEHY Tencent Holdings Ltd.-Uns ADR | 0.44% | 23,235 | $2.0M | Reduce -9.7% |
| BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU | 0.44% | 80,568 | $2.0M | New |
| NEU Newmarket Corp. | 0.43% | 2,342 | $1.9M | Add +548.8% |
| SBSW Sibanye-Stillwater Ltd.-ADR | 0.43% | 169,876 | $1.9M | New |
| SAP Sap SE-Sponsored ADR | 0.40% | 6,658 | $1.8M | Reduce -10.0% |
| WELL Welltower Inc. | 0.40% | 9,974 | $1.8M | Reduce -0.3% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 0.39% | 10,138 | $1.8M | Reduce -9.3% |
| RL Ralph Lauren Corp. | 0.38% | 5,350 | $1.7M | New |
| MELI MercadoLibre Inc. | 0.37% | 707 | $1.7M | Reduce -9.2% |
| ASND Ascendis Pharma A/S | 0.37% | 8,241 | $1.6M | Reduce -11.1% |
| PROSY Prosus NV -Spon ADR | 0.36% | 115,853 | $1.6M | Reduce -9.2% |
| EONGY E.on SE -Sponsored ADR | 0.36% | 86,166 | $1.6M | Reduce -8.9% |
| SIEGY Siemens AG-Spons ADR | 0.35% | 11,786 | $1.6M | Reduce -9.5% |
| VIV Telefonica Brasil-ADR | 0.35% | 123,802 | $1.6M | New |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.35% | 26,177 | $1.6M | New |
| NTDOY Nintendo Co. Ltd.-Unspons ADR | 0.35% | 72,056 | $1.6M | New |
| SGAPY Singapore Telecommunicat-ADR | 0.35% | 48,681 | $1.6M | New |
| RYCEY Rolls-Royce Holdings-SP ADR | 0.35% | 97,274 | $1.6M | New |
| SMFG Sumitomo Mitsui-Spons ADR | 0.33% | 88,190 | $1.5M | Reduce -9.4% |
| KEP Korea Elec Power Corp.-SP ADR | 0.33% | 111,416 | $1.5M | New |
| GRFS Grifols SA-ADR | 0.32% | 145,236 | $1.4M | New |
| KT KT Corp.-SP ADR | 0.32% | 73,071 | $1.4M | Reduce -10.6% |
| CX Cemex Sab-Spons ADR Part Cer | 0.31% | 155,955 | $1.4M | New |
| PAC Grupo Aeroportuario Pac-ADR | 0.30% | 5,706 | $1.4M | New |
| YSG Yatsen Holding Ltd.-ADR | 0.30% | 147,908 | $1.3M | New |
| BTI British American Tob-SP ADR | 0.30% | 25,149 | $1.3M | New |
| DTEGY Deutsche Telekom AG-Spon ADR | 0.29% | 38,327 | $1.3M | Reduce -10.8% |
| AEG Aegon Ltd.-NY Reg SHR | 0.29% | 161,372 | $1.3M | Reduce -9.2% |
| VEON Veon Ltd. | 0.28% | 23,394 | $1.3M | New |
| KC Kingsoft Cloud Holdings-ADR | 0.26% | 77,307 | $1.2M | Reduce -11.5% |
| ESAB Esab Corp. | 0.14% | 5,711 | $638K | Reduce -87.8% |
| TLT iShares 20+ Year Treasury BD | 0.12% | 5,810 | $519K | New |
Portfolio Sells Q2 2025 → Q3 2025
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −2.40 |
| SFM Sprouts Farmers Market Inc. | Reduce -92.0% | 0.11% | −2.16 |
| TRGP Targa Resources Corp. | Sold out | 0.00% | −1.49 |
| UNM Unum Group | Reduce -96.7% | 0.04% | −1.47 |
| ESAB Esab Corp. | Reduce -87.8% | 0.14% | −1.20 |
| FICO Fair Isaac Corp. | Sold out | 0.00% | −1.18 |
| GWW WW Grainger Inc. | Sold out | 0.00% | −1.16 |
| TDG Transdigm Group Inc. | Reduce -91.2% | 0.09% | −1.16 |
| AFL Aflac Inc. | Sold out | 0.00% | −1.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −1.07 |
| BRO Brown & Brown Inc. | Sold out | 0.00% | −1.03 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −1.02 |
| VRNA Verona Pharma Ltd. | Sold out | 0.00% | −0.97 |
| PRI Primerica Inc. | Sold out | 0.00% | −0.86 |
| FNF Fidelity National Financial | Sold out | 0.00% | −0.75 |
| BRBR Bellring Brands Inc. | Sold out | 0.00% | −0.72 |
| WTW Willis Towers Watson PLC | Sold out | 0.00% | −0.71 |
| DUOL Duolingo | Sold out | 0.00% | −0.66 |
| GGAL Grupo Financiero Galicia-ADR | Sold out | 0.00% | −0.65 |
| SPLV Invesco S&P 500 Low Volatili | Sold out | 0.00% | −0.62 |
| PM Philip Morris International | Reduce -26.1% | 0.97% | −0.60 |
| QFIN Qfin Holdings Inc.-ADR | Sold out | 0.00% | −0.58 |
| YPF YPF S.A.-Sponsored ADR | Sold out | 0.00% | −0.54 |
| BMA Banco Macro SA-ADR | Sold out | 0.00% | −0.54 |
| PAM Pampa Energia SA-Spon ADR | Sold out | 0.00% | −0.49 |
| SLM SLM Corp. | Sold out | 0.00% | −0.49 |
| EQH Equitable Holdings Inc. | Sold out | 0.00% | −0.45 |
| RELX Relx PLC - Spon ADR | Sold out | 0.00% | −0.45 |
| SHY iShares 1-3 Year Treasury Bo | Sold out | 0.00% | −0.43 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.42 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.40 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.39 |
| ERIC Ericsson (lm) Tel-SP ADR | Sold out | 0.00% | −0.36 |
| CHKP Check Point Software Tech | Sold out | 0.00% | −0.35 |
| NOK Nokia Corp.-Spon ADR | Sold out | 0.00% | −0.35 |
| MMYT Makemytrip Ltd. | Sold out | 0.00% | −0.35 |
| BJ Bj's Wholesale Club Holdings | Sold out | 0.00% | −0.35 |
| KR Kroger Co. | Sold out | 0.00% | −0.34 |
| CNO Cno Financial Group Inc. | Sold out | 0.00% | −0.32 |
| CMPGY Compass Group PLC-Spon ADR | Sold out | 0.00% | −0.29 |
| PSO Pearson PLC-Sponsored ADR | Sold out | 0.00% | −0.28 |
| TCOM Trip.com Group Ltd.-ADR | Sold out | 0.00% | −0.23 |
| SAP Sap SE-Sponsored ADR | Reduce -10.0% | 0.40% | −0.14 |
| MELI MercadoLibre Inc. | Reduce -9.2% | 0.37% | −0.11 |
| MSI Motorola Solutions Inc. | Sold out | 0.00% | −0.09 |
| EMBJ Embraer SA-Spon ADR | Reduce -10.2% | 0.77% | −0.09 |
| EQT Eqt Corp. | Reduce -55.9% | 0.06% | −0.09 |
| KT KT Corp.-SP ADR | Reduce -10.6% | 0.32% | −0.09 |
| DTEGY Deutsche Telekom AG-Spon ADR | Reduce -10.8% | 0.29% | −0.08 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.07 |
Portfolio Buys Q2 2025 → Q3 2025
| NEM Newmont Corp. | New | 2.65% | +2.65 |
| CRS Carpenter Technology | New | 2.08% | +2.08 |
| APH Amphenol Corp. Class A | Add +74.8% | 3.48% | +1.79 |
| FIX Comfort Systems USA Inc. | New | 1.47% | +1.47 |
| SGI Somnigroup International Inc. | New | 1.38% | +1.38 |
| DASH DoorDash Inc. Class A | New | 1.28% | +1.28 |
| MP MP Materials Corp. | Add +84.1% | 1.77% | +1.27 |
| EBAY eBay Inc. | New | 1.24% | +1.24 |
| MEDP Medpace Holdings Inc. | New | 1.14% | +1.14 |
| CAH Cardinal Health Inc. | Add +2367.8% | 1.03% | +0.98 |
| MOS The Mosaic Co. | New | 0.93% | +0.93 |
| DIS The Walt Disney Co. | New | 0.93% | +0.93 |
| GS Goldman Sachs Group Inc. | Add +794.5% | 1.04% | +0.93 |
| EVR Evercore Inc. Class A | Add +763.3% | 1.00% | +0.90 |
| VST Vistra Corp. | Add +46.8% | 3.09% | +0.88 |
| AVGO Broadcom Inc. | Add +22.3% | 2.59% | +0.71 |
| IVW iShares S&P 500 Growth ETF | New | 0.67% | +0.67 |
| GFI Gold Fields Ltd.-Spons ADR | New | 0.62% | +0.62 |
| MTZ Mastec Inc. | New | 0.59% | +0.59 |
| STX Seagate Technology Holdings | New | 0.56% | +0.56 |
| CYD China Yuchai Intl Ltd. | New | 0.55% | +0.55 |
| CW Curtiss-Wright Corp. | Add +29.7% | 2.09% | +0.55 |
| LITE Lumentum Holdings Inc. | New | 0.52% | +0.52 |
| IDXX Idexx Laboratories Inc. | New | 0.51% | +0.51 |
| NVDA Nvidia Corp. | Add +3.0% | 3.80% | +0.48 |
| RCL Royal Caribbean Cruises Ltd. | Add +33.5% | 2.03% | +0.46 |
| BVN Cia DE Minas Buenaventur-ADR | New | 0.44% | +0.44 |
| SBSW Sibanye-Stillwater Ltd.-ADR | New | 0.43% | +0.43 |
| RL Ralph Lauren Corp. | New | 0.38% | +0.38 |
| NEU Newmarket Corp. | Add +548.8% | 0.43% | +0.37 |
| VIV Telefonica Brasil-ADR | New | 0.35% | +0.35 |
| RYAAY Ryanair Holdings PLC-SP ADR | New | 0.35% | +0.35 |
| NTDOY Nintendo Co. Ltd.-Unspons ADR | New | 0.35% | +0.35 |
| SGAPY Singapore Telecommunicat-ADR | New | 0.35% | +0.35 |
| RYCEY Rolls-Royce Holdings-SP ADR | New | 0.35% | +0.35 |
| KEP Korea Elec Power Corp.-SP ADR | New | 0.33% | +0.33 |
| GRFS Grifols SA-ADR | New | 0.32% | +0.32 |
| CX Cemex Sab-Spons ADR Part Cer | New | 0.31% | +0.31 |
| EME Emcor Group Inc. | Add +4.6% | 1.88% | +0.31 |
| PAC Grupo Aeroportuario Pac-ADR | New | 0.30% | +0.30 |
| YSG Yatsen Holding Ltd.-ADR | New | 0.30% | +0.30 |
| BTI British American Tob-SP ADR | New | 0.30% | +0.30 |
| VEON Veon Ltd. | New | 0.28% | +0.28 |
| GEV GE Vernova Inc. | Add +4.0% | 2.24% | +0.27 |
| BNY Bank of New York Mellon Corp. | Add +0.9% | 2.14% | +0.25 |
| HLI Houlihan Lokey Inc. | Add +4.7% | 1.23% | +0.14 |
| UAL United Airlines Holdings Inc. | Add +1.0% | 1.00% | +0.13 |
| TLT iShares 20+ Year Treasury BD | New | 0.12% | +0.12 |
| CWB SS SPDR BB Conv Sec ETF | New | 0.09% | +0.09 |
| EMB iShares JP Morgan Usd Emergi | New | 0.09% | +0.09 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 131 | $589.8M | CRS, APH, GEV, NVDA, FIX |
| Q1 2026 | 158 | $807.0M | GEV, NEM, NVDA, APH, CAH |
| Q4 2025 | 121 | $459.5M | APH, NVDA, PLTR, NRG, NEM |
| Q3 2025 | 134 | $447.2M | PLTR, NVDA, APH, NRG, VST |
| Q2 2025 | 133 | $420.5M | PLTR, NRG, NVDA, AJG, META |
| Q1 2025 | 128 | $392.6M | NVDA, AJG, SFM, TRGP, PLTR |
| Q4 2024 | 129 | $419.1M | NVDA, LLY, EVR, DECK, CEG |
| Q3 2024 | 126 | $422.7M | LLY, NVDA, EVR, DECK, CEG |
| Q2 2024 | 124 | $385.4M | LLY, NVDA, DECK, NVO, CDNS |
| Q1 2024 | 124 | $383.4M | LLY, NVDA, DECK, BLDR, CDNS |