DSM Capital Partners LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), DSM Capital Partners LLC reported 115 stock positions worth $7.3 billion. Its top holding was Nvidia (NVDA) at 12.2% of the portfolio, followed by Microsoft (MSFT, 12.1%) and Amazon.com (AMZN, 9.0%). Compared with Q4 2023, it opened 2 new positions, sold out of 16, added to 32 and reduced 37. The biggest buy was Meta Platforms Class A (META, shares +12951%) and the biggest sale Adobe (ADBE, shares −50%).

Most Recent 13F
Q2 2026
Location
Palm Beach Gardens, FL
CIK
0001214639
Portfolio Value
$7.3B (Q1 2024)
SEC Filing
0000950123-24-004520 ↗ filed May 13, 2024

Holdings Value

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $7.3B $7.3B Q1 2024 Q2 2024: $6.9B Q2 2024 Q3 2024: $6.6B Q3 2024 Q4 2024: $6.5B Q4 2024 Q1 2025: $5.7B Q1 2025 Q2 2025: $6.8B Q2 2025 Q3 2025: $7.0B Q3 2025 Q4 2025: $6.7B Q4 2025 Q1 2026: $5.7B Q1 2026 Q2 2026: $5.8B Q2 2026

Holdings 115 stocks · $7.3B
NVDA Nvidia Corp. 12.24% 990,904 $895.3M Reduce -10.7%
MSFT Microsoft Corp. 12.07% 2,099,133 $883.1M Reduce -2.6%
AMZN Amazon.com Inc. 8.99% 3,647,810 $658.0M Reduce -3.9%
GOOGL Alphabet Inc. Class A 7.72% 3,742,516 $564.9M Reduce -4.1%
ANET Arista Networks Inc. 6.78% 1,711,304 $496.2M Add +8.6%
INTU Intuit Inc. 5.09% 573,149 $372.5M Reduce -8.2%
META Meta Platforms Inc. Class A 4.40% 662,617 $321.8M Add +12951.4%
V Visa Inc. Class A 4.19% 1,098,027 $306.4M Reduce -5.8%
ASML ASML Holding NV-NY Reg SHS 3.73% 280,928 $272.6M Reduce -1.9%
AMD Advanced Micro Devices 3.57% 1,449,030 $261.5M Add +218127.4%
FISV Fiserv Inc. 2.83% 1,297,387 $207.3M Add +2.0%
ADSK Autodesk Inc. 2.57% 720,907 $187.7M Reduce -15.1%
UBER Uber Technologies Inc. 2.32% 2,205,553 $169.8M Add +294760.0%
ADBE Adobe Inc. 2.24% 324,828 $163.9M Reduce -49.6%
SCHW Schwab (charles) Corp. 2.16% 2,187,023 $158.2M Reduce -1.1%
NBIX Neurocrine Biosciences Inc. 2.14% 1,136,002 $156.7M Reduce -7.0%
FTNT Fortinet Inc. 2.05% 2,193,084 $149.8M Add +29.9%
BSX Boston Scientific Corp. 2.03% 2,169,005 $148.6M Reduce -23.6%
MA Mastercard Inc. Class A 1.97% 299,792 $144.4M Reduce -1.7%
ENTG Entegris Inc. 1.90% 988,446 $138.9M Add +23.5%
ADP Automatic Data Processing 1.69% 496,059 $123.9M Reduce -4.9%
MNST Monster Beverage Corp. 1.59% 1,957,528 $116.0M Reduce -7.4%
EPAM Epam Systems Inc. 1.34% 353,914 $97.7M Reduce -41.1%
CMG Chipotle Mexican Grill Inc. 1.28% 32,303 $93.9M Reduce -53.0%
ACN Accenture PLC Class A 1.11% 235,167 $81.5M Reduce -71.7%
PAYC Paycom Software Inc. 0.49% 178,875 $35.6M Reduce -15.8%
DT Dynatrace Inc. 0.38% 603,635 $28.0M Add +119431.7%
NICE Nice Ltd. - Spon ADR 0.19% 52,232 $13.6M Reduce -0.6%
GLOB Globant SA 0.13% 46,727 $9.4M Reduce -1.6%
ORLY O'reilly Automotive Inc. 0.12% 7,479 $8.4M Reduce -24.2%
TSM Taiwan Semiconductor-SP ADR 0.11% 60,776 $8.3M Reduce -3.0%
EVVTY Evolution AB-ADR 0.11% 64,000 $8.0M Add +1.3%
ULTA Ulta Beauty Inc. 0.10% 13,723 $7.2M Add +47220.7%
IBN Icici Bank Ltd.-Spon ADR 0.10% 271,640 $7.2M Reduce -44.4%
HDB HDFC Bank Ltd.-ADR 0.08% 99,122 $5.5M Reduce -11.8%
CAE Cae Inc. 0.03% 105,992 $2.2M Reduce -21.7%
LAMR Lamar Advertising Co. Class A 0.03% 16,565 $2.0M Reduce -23.6%
ARES Ares Management Corp. Class A 0.02% 13,398 $1.8M No change
ORCL Oracle Corp. 0.02% 13,103 $1.6M Add +2891.6%
ABT Abbott Laboratories 0.01% 8,561 $973K Add +137.8%
HWM Howmet Aerospace Inc. 0.01% 11,284 $772K New
APO Apollo Global Management Inc. 0.01% 6,294 $708K Add +1784.4%
CP Canadian Pacific Kansas City 0.01% 7,697 $679K Reduce -13.1%
PLD Prologis Inc. 0.01% 4,120 $537K Reduce -51.0%
AAPL Apple Inc. 0.01% 2,952 $506K No change
NFLX Netflix Inc. 0.00% 218 $132K Add +29.8%
AVGO Broadcom Inc. 0.00% 84 $111K Add +47.4%
CRWD CrowdStrike Holdings Inc. Class A 0.00% 342 $110K No change
PANW Palo Alto Networks Inc. 0.00% 377 $107K No change
ISRG Intuitive Surgical Inc. 0.00% 249 $99K No change
CRM Salesforce Inc. 0.00% 299 $90K No change
NOW ServiceNow Inc. 0.00% 112 $85K No change
ARM Arm Holdings PLC-ADR 0.00% 670 $84K No change
TMO Thermo Fisher Scientific Inc. 0.00% 142 $83K Reduce -99.9%
SNPS Synopsys Inc. 0.00% 142 $81K No change
ABNB Airbnb Inc. Class A 0.00% 486 $80K Add +207.6%
DDOG Datadog Inc. Class A 0.00% 646 $80K No change
NVO Novo-Nordisk A/S-Spons ADR 0.00% 618 $79K Add +36.7%
CDNS Cadence Design SYS Inc. 0.00% 254 $79K No change
LLY Eli Lilly & Co. 0.00% 101 $79K Add +24.7%
WDAY Workday Inc. Class A 0.00% 288 $79K No change
DHR Danaher Corp. 0.00% 305 $76K No change
CGEMY Capgemini SE - Unsponsor ADR 0.00% 1,504 $69K No change
ALC Alcon Inc. filed as ALCON AG 0.00% 746 $62K No change
SYK Stryker Corp. 0.00% 172 $62K Add +53.6%
AON Aon PLC Class A 0.00% 181 $60K Reduce -98.6%
AMAT Applied Materials Inc. 0.00% 282 $58K Add +23.1%
MRSH Marsh & McLennan Cos 0.00% 274 $56K Reduce -26.3%
ZTS Zoetis Inc. 0.00% 329 $56K Add +16.7%
TOELY Tokyo Electron Ltd.-Unsp ADR 0.00% 426 $55K Add +34.8%
MDB Mongodb Inc. 0.00% 148 $53K No change
LIN Linde PLC 0.00% 113 $52K Reduce -100.0%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.00% 206 $52K Add +24.9%
SNOW Snowflake Inc. 0.00% 304 $49K No change
BKNG Booking Holdings Inc. 0.00% 13 $47K No change
CTAS Cintas Corp. 0.00% 66 $45K No change
WM Waste Management Inc. 0.00% 211 $45K No change
ECL Ecolab Inc. 0.00% 189 $44K No change
LRCX Lam Research Corp. 0.00% 44 $43K Add +22.2%
VEEV Veeva Systems Inc. Class A 0.00% 184 $43K Add +21.1%
KLAC KLA Corp. 0.00% 61 $43K Add +24.5%
COST Costco Wholesale Corp. 0.00% 55 $40K No change
HESAY Hermes Intl-Unsponsored ADR 0.00% 148 $38K No change
IDXX Idexx Laboratories Inc. 0.00% 68 $37K Add +13.3%
EW Edwards Lifesciences Corp. 0.00% 371 $35K No change
PLTR Palantir Technologies Inc. Class A 0.00% 1,537 $35K Add +48.2%
MELI MercadoLibre Inc. 0.00% 23 $35K No change
ANSS Ansys Inc. 0.00% 93 $32K No change
DXCM Dexcom Inc. 0.00% 226 $31K No change
SAUHY Straumann Holding AG-Uns ADR 0.00% 1,898 $30K No change
SAP Sap SE-Sponsored ADR 0.00% 148 $29K No change
FICO Fair Isaac Corp. 0.00% 23 $29K Reduce -28.1%
SHOP Shopify Inc. Class A 0.00% 357 $28K No change
GOOG Alphabet Inc. Class C 0.00% 180 $27K No change
BRO Brown & Brown Inc. 0.00% 299 $26K Add +52.5%
ZS Zscaler Inc. 0.00% 127 $24K Add +53.0%
RACE Ferrari NV 0.00% 54 $24K No change
MSCI MSCI Inc. 0.00% 42 $24K No change
AZN Astrazeneca PLC-Spons ADR 0.00% 326 $22K Add +46.2%
PPERY Bank Mandiri TBK-Unspon ADR 0.00% 1,204 $22K New
YUM Yum! Brands Inc. 0.00% 143 $20K No change
HEI Heico Corp. 0.00% 101 $19K No change
MCO Moody's Corp. 0.00% 48 $19K No change
GIKLY Grifols SA-Spon ADR 0.00% 4,096 $19K No change
SPGI S&P Global Inc. 0.00% 42 $18K No change
CCHGY Coca-Cola HBC AG-Unsp ADR 0.00% 545 $17K No change
AMADY Amadeus IT Group-Unsp ADR 0.00% 264 $17K Reduce -54.9%
ASMIY Asm International-NY Reg SHS 0.00% 27 $17K No change
HLT Hilton Worldwide Holdings Inc. 0.00% 77 $16K Add +48.1%
MAR Marriott International Class A 0.00% 63 $16K No change
SBUX Starbucks Corp. 0.00% 172 $16K Reduce -39.6%
COO The Cooper Cos Inc. 0.00% 104 $11K No change
RCRUY Recruit Holdings Co. Ltd.-ADR 0.00% 1,004 $9K Reduce -56.4%
PINS Pinterest Inc. Class A 0.00% 245 $8K No change
DNOPY Dino Polska SA Unsp- ADR 0.00% 155 $7K No change

Portfolio Sells Q4 2023 → Q1 2024
ADBE Adobe Inc. Reduce -49.6% 2.24% −3.64
ACN Accenture PLC Class A Reduce -71.7% 1.11% −3.34
LIN Linde PLC Reduce -100.0% 0.00% −1.80
EPAM Epam Systems Inc. Reduce -41.1% 1.34% −1.40
CMG Chipotle Mexican Grill Inc. Reduce -53.0% 1.28% −1.12
TMO Thermo Fisher Scientific Inc. Reduce -99.9% 0.00% −1.10
INTU Intuit Inc. Reduce -8.2% 5.09% −0.88
GOOGL Alphabet Inc. Class A Reduce -4.1% 7.72% −0.62
ADSK Autodesk Inc. Reduce -15.1% 2.57% −0.60
BSX Boston Scientific Corp. Reduce -23.6% 2.03% −0.48
V Visa Inc. Class A Reduce -5.8% 4.19% −0.45
IWF iShares Russell 1000 Growth Sold out 0.00% −0.39
MSFT Microsoft Corp. Reduce -2.6% 12.07% −0.32
NBIX Neurocrine Biosciences Inc. Reduce -7.0% 2.14% −0.32
MNST Monster Beverage Corp. Reduce -7.4% 1.59% −0.28
PAYC Paycom Software Inc. Reduce -15.8% 0.49% −0.18
ADP Automatic Data Processing Reduce -4.9% 1.69% −0.16
SCHW Schwab (charles) Corp. Reduce -1.1% 2.16% −0.16
IBN Icici Bank Ltd.-Spon ADR Reduce -44.4% 0.10% −0.08
AON Aon PLC Class A Reduce -98.6% 0.00% −0.06
GLOB Globant SA Reduce -1.6% 0.13% −0.04
HDB HDFC Bank Ltd.-ADR Reduce -11.8% 0.08% −0.04
ORLY O'reilly Automotive Inc. Reduce -24.2% 0.12% −0.03
MA Mastercard Inc. Class A Reduce -1.7% 1.97% −0.02
CAE Cae Inc. Reduce -21.7% 0.03% −0.01
SUSA iShares ESG Optimized MSCI U Sold out 0.00% −0.01
PLD Prologis Inc. Reduce -51.0% 0.01% −0.01
LAMR Lamar Advertising Co. Class A Reduce -23.6% 0.03% −0.01
TD Toronto-Dominion Bank Sold out 0.00% −0.01
CP Canadian Pacific Kansas City Reduce -13.1% 0.01% −0.00
LRLCY L'oreal-Unsponsored ADR Sold out 0.00% −0.00
LVMUY LVMH Moet Hennessy-Unsp ADR Sold out 0.00% −0.00
DBSDY DBS Group Holdings-Spon ADR Sold out 0.00% −0.00
IT Gartner Inc. Sold out 0.00% −0.00
VRSK Verisk Analytics Inc. Sold out 0.00% −0.00
AMADY Amadeus IT Group-Unsp ADR Reduce -54.9% 0.00% −0.00
SYY Sysco Corp. Sold out 0.00% −0.00
MRSH Marsh & McLennan Cos Reduce -26.3% 0.00% −0.00
PAYX Paychex Inc. Sold out 0.00% −0.00
ADYEY Adyen NV-Unspon ADR Sold out 0.00% −0.00
FICO Fair Isaac Corp. Reduce -28.1% 0.00% −0.00
EL Estee Lauder Companies Class A Sold out 0.00% −0.00
MBLY Mobileye Global Inc. Class A Sold out 0.00% −0.00
PYPL PayPal Holdings Inc. Sold out 0.00% −0.00
RCRUY Recruit Holdings Co. Ltd.-ADR Reduce -56.4% 0.00% −0.00
SBUX Starbucks Corp. Reduce -39.6% 0.00% −0.00
CPNG Coupang Inc. Sold out 0.00% −0.00
GMVHY Entain PLC -Unsponsored ADR Sold out 0.00% −0.00
TSM Taiwan Semiconductor-SP ADR Reduce -3.0% 0.11% +0.01
NICE Nice Ltd. - Spon ADR Reduce -0.6% 0.19% +0.03

Portfolio Buys Q4 2023 → Q1 2024
META Meta Platforms Inc. Class A Add +12951.4% 4.40% +4.37
AMD Advanced Micro Devices Add +218127.4% 3.57% +3.57
UBER Uber Technologies Inc. Add +294760.0% 2.32% +2.32
ANET Arista Networks Inc. Add +8.6% 6.78% +1.10
FTNT Fortinet Inc. Add +29.9% 2.05% +0.54
ENTG Entegris Inc. Add +23.5% 1.90% +0.43
DT Dynatrace Inc. Add +119431.7% 0.38% +0.38
FISV Fiserv Inc. Add +2.0% 2.83% +0.25
ULTA Ulta Beauty Inc. Add +47220.7% 0.10% +0.10
ORCL Oracle Corp. Add +2891.6% 0.02% +0.02
HWM Howmet Aerospace Inc. New 0.01% +0.01
APO Apollo Global Management Inc. Add +1784.4% 0.01% +0.01
ABT Abbott Laboratories Add +137.8% 0.01% +0.01
ABNB Airbnb Inc. Class A Add +207.6% 0.00% +0.00
NFLX Netflix Inc. Add +29.8% 0.00% +0.00
AVGO Broadcom Inc. Add +47.4% 0.00% +0.00
LLY Eli Lilly & Co. Add +24.7% 0.00% +0.00
NVO Novo-Nordisk A/S-Spons ADR Add +36.7% 0.00% +0.00
PPERY Bank Mandiri TBK-Unspon ADR New 0.00% +0.00
SYK Stryker Corp. Add +53.6% 0.00% +0.00
TOELY Tokyo Electron Ltd.-Unsp ADR Add +34.8% 0.00% +0.00
AMAT Applied Materials Inc. Add +23.1% 0.00% +0.00
LRCX Lam Research Corp. Add +22.2% 0.00% +0.00
PLTR Palantir Technologies Inc. Class A Add +48.2% 0.00% +0.00
AZN Astrazeneca PLC-Spons ADR Add +46.2% 0.00% +0.00
BRO Brown & Brown Inc. Add +52.5% 0.00% +0.00
AJG Arthur J Gallagher & Co. Add +24.9% 0.00% +0.00
HLT Hilton Worldwide Holdings Inc. Add +48.1% 0.00% +0.00
KLAC KLA Corp. Add +24.5% 0.00% +0.00
VEEV Veeva Systems Inc. Class A Add +21.1% 0.00% +0.00
ZS Zscaler Inc. Add +53.0% 0.00% +0.00
IDXX Idexx Laboratories Inc. Add +13.3% 0.00% 0.00
ZTS Zoetis Inc. Add +16.7% 0.00% −0.00
EVVTY Evolution AB-ADR Add +1.3% 0.11% −0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 70$5.8BNVDA, GOOGL, AVGO, ANET, MSFT
Q1 2026 44$5.7BNVDA, MSFT, GOOGL, AVGO, AMZN
Q4 2025 47$6.7BNVDA, MSFT, GOOGL, AVGO, AMZN
Q3 2025 41$7.0BNVDA, MSFT, AMZN, AVGO, META
Q2 2025 39$6.8BNVDA, MSFT, AMZN, META, ANET
Q1 2025 39$5.7BNVDA, MSFT, AMZN, META, ANET
Q4 2024 40$6.5BNVDA, MSFT, AMZN, ANET, GOOGL
Q3 2024 99$6.6BNVDA, MSFT, AMZN, ANET, AAPL
Q2 2024 102$6.9BNVDA, MSFT, AMZN, GOOGL, ANET
Q1 2024 115$7.3BNVDA, MSFT, AMZN, GOOGL, ANET