DSM Capital Partners LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), DSM Capital Partners LLC reported 99 stock positions worth $6.6 billion. Its top holding was Nvidia (NVDA) at 12.1% of the portfolio, followed by Microsoft (MSFT, 11.4%) and Amazon.com (AMZN, 8.6%). Compared with Q2 2024, it opened 3 new positions, sold out of 6, added to 16 and reduced 32. The biggest buy was Meta Platforms Class A (META, shares +15%) and the biggest sale Alphabet Class A (GOOGL, shares −22%).

Most Recent 13F
Q2 2026
Location
Palm Beach Gardens, FL
CIK
0001214639
Portfolio Value
$6.6B (Q3 2024)
SEC Filing
0000950123-24-011428 ↗ filed Nov 14, 2024

Holdings Value

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $7.3B Q1 2024 Q2 2024: $6.9B Q2 2024 Q3 2024: $6.6B $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 99 stocks · $6.6B
NVDA Nvidia Corp. 12.13% 6,542,012 $794.5M Reduce -4.7%
MSFT Microsoft Corp. 11.37% 1,730,666 $744.7M Reduce -5.8%
AMZN Amazon.com Inc. 8.63% 3,033,523 $565.2M Reduce -5.3%
ANET Arista Networks Inc. 8.45% 1,442,471 $553.6M Reduce -5.9%
AAPL Apple Inc. 8.01% 2,252,175 $524.8M Reduce -6.7%
META Meta Platforms Inc. Class A 7.17% 820,787 $469.9M Add +14.5%
GOOGL Alphabet Inc. Class A 6.56% 2,590,446 $429.6M Reduce -22.0%
INTU Intuit Inc. 3.84% 405,415 $251.8M Reduce -11.1%
AMD Advanced Micro Devices 3.18% 1,270,318 $208.4M Reduce -7.7%
NVO Novo-Nordisk A/S-Spons ADR 3.13% 1,720,500 $204.9M Add +7.9%
FISV Fiserv Inc. 2.78% 1,014,699 $182.3M Reduce -4.9%
V Visa Inc. Class A 2.60% 620,512 $170.6M Reduce -8.2%
UBER Uber Technologies Inc. 2.46% 2,143,409 $161.1M Reduce -4.9%
ASML ASML Holding NV-NY Reg SHS 2.40% 188,859 $157.4M Reduce -7.2%
ADSK Autodesk Inc. 2.36% 560,755 $154.5M Reduce -5.7%
FTNT Fortinet Inc. 2.26% 1,907,739 $147.9M Reduce -4.8%
ADBE Adobe Inc. 2.09% 263,987 $136.7M Reduce -6.3%
NBIX Neurocrine Biosciences Inc. 1.66% 944,154 $108.8M Reduce -5.4%
MA Mastercard Inc. Class A 1.61% 213,218 $105.3M Reduce -10.3%
DT Dynatrace Inc. 1.29% 1,580,153 $84.5M Add +29.7%
HWM Howmet Aerospace Inc. 1.28% 836,552 $83.9M Add +1595.9%
CDNS Cadence Design SYS Inc. 0.95% 230,048 $62.3M Add +90470.1%
SNPS Synopsys Inc. 0.92% 119,373 $60.4M Add +83965.5%
ABT Abbott Laboratories 0.85% 489,355 $55.8M Add +5259.3%
GEV GE Vernova Inc. 0.59% 150,523 $38.4M New
GE General Electric filed as GE AEROSPACE 0.53% 184,665 $34.8M Add +17.1%
ORCL Oracle Corp. 0.18% 67,877 $11.6M Reduce -36.2%
TSM Taiwan Semiconductor-SP ADR 0.13% 47,968 $8.3M Add +4.9%
LLY Eli Lilly & Co. 0.12% 8,599 $7.6M Add +11.4%
IBN Icici Bank Ltd.-Spon ADR 0.10% 225,260 $6.7M Add +24.0%
MELI MercadoLibre Inc. 0.08% 2,682 $5.5M Add +11560.9%
GLOB Globant SA 0.06% 18,581 $3.7M Reduce -2.4%
HDB HDFC Bank Ltd.-ADR 0.05% 56,300 $3.5M Reduce -22.1%
NICE Nice Ltd. - Spon ADR 0.04% 15,312 $2.7M Reduce -60.8%
ARES Ares Management Corp. Class A 0.03% 13,178 $2.1M Reduce -1.6%
LAMR Lamar Advertising Co. Class A 0.03% 14,305 $1.9M Reduce -13.6%
APO Apollo Global Management Inc. 0.02% 9,504 $1.2M Reduce -1.7%
ADP Automatic Data Processing 0.02% 3,647 $1.0M Reduce -6.3%
AVGO Broadcom Inc. 0.01% 4,042 $697K Add +201.6%
SYK Stryker Corp. 0.00% 717 $259K Add +316.9%
LIN Linde PLC 0.00% 513 $245K Add +354.0%
IWF iShares Russell 1000 Growth 0.00% 532 $200K New
NFLX Netflix Inc. 0.00% 218 $155K No change
PANW Palo Alto Networks Inc. 0.00% 377 $129K No change
ISRG Intuitive Surgical Inc. 0.00% 249 $122K No change
BSX Boston Scientific Corp. 0.00% 1,324 $111K No change
NOW ServiceNow Inc. 0.00% 112 $100K No change
CRWD CrowdStrike Holdings Inc. Class A 0.00% 342 $96K No change
ARM Arm Holdings PLC-ADR 0.00% 670 $96K No change
ACN Accenture PLC Class A 0.00% 255 $90K No change
TMO Thermo Fisher Scientific Inc. 0.00% 142 $88K No change
DHR Danaher Corp. 0.00% 305 $85K No change
GOOG Alphabet Inc. Class C 0.00% 500 $84K Reduce -45.3%
AMAT Applied Materials Inc. 0.00% 381 $77K No change
DDOG Datadog Inc. Class A 0.00% 646 $74K No change
WDAY Workday Inc. Class A 0.00% 288 $70K No change
PLTR Palantir Technologies Inc. Class A 0.00% 1,883 $70K Add +22.5%
ZTS Zoetis Inc. 0.00% 329 $64K No change
AON Aon PLC Class A 0.00% 181 $63K Reduce -46.9%
MRSH Marsh & McLennan Cos 0.00% 274 $61K No change
CRM Salesforce Inc. 0.00% 220 $60K Reduce -26.4%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.00% 206 $58K No change
BKNG Booking Holdings Inc. 0.00% 13 $55K No change
COST Costco Wholesale Corp. 0.00% 55 $49K No change
ECL Ecolab Inc. 0.00% 189 $48K No change
KLAC KLA Corp. 0.00% 61 $47K No change
FICO Fair Isaac Corp. 0.00% 23 $45K No change
WM Waste Management Inc. 0.00% 211 $44K No change
ORLY O'reilly Automotive Inc. 0.00% 38 $44K No change
ALC Alcon Inc. filed as ALCON AG 0.00% 431 $43K No change
CTAS Cintas Corp. 0.00% 200 $41K No change
MDB Mongodb Inc. 0.00% 148 $40K No change
ABNB Airbnb Inc. Class A 0.00% 311 $39K No change
VEEV Veeva Systems Inc. Class A 0.00% 184 $39K No change
LRCX Lam Research Corp. 0.00% 44 $36K No change
SNOW Snowflake Inc. 0.00% 304 $35K No change
IDXX Idexx Laboratories Inc. 0.00% 68 $34K No change
TOELY Tokyo Electron Ltd.-Unsp ADR 0.00% 378 $34K No change
BRO Brown & Brown Inc. 0.00% 299 $31K No change
ANSS Ansys Inc. 0.00% 93 $30K No change
SHOP Shopify Inc. Class A 0.00% 357 $29K No change
HEI Heico Corp. 0.00% 101 $26K No change
CMG Chipotle Mexican Grill Inc. 0.00% 450 $26K Reduce -62.5%
RACE Ferrari NV 0.00% 54 $25K No change
MSCI MSCI Inc. 0.00% 42 $24K No change
EW Edwards Lifesciences Corp. 0.00% 371 $24K No change
MCO Moody's Corp. 0.00% 48 $23K No change
MNST Monster Beverage Corp. 0.00% 419 $22K Reduce -100.0%
ZS Zscaler Inc. 0.00% 127 $22K No change
SPGI S&P Global Inc. 0.00% 42 $22K No change
YUM Yum! Brands Inc. 0.00% 143 $20K No change
SAUHY Straumann Holding AG-Uns ADR 0.00% 1,177 $19K No change
ASMIY Asm International-NY Reg SHS 0.00% 27 $18K No change
PODD Insulet Corp. 0.00% 76 $18K No change
ENTG Entegris Inc. 0.00% 156 $18K Reduce -100.0%
SCHW Schwab (charles) Corp. 0.00% 258 $17K Reduce -100.0%
DXCM Dexcom Inc. 0.00% 226 $15K No change
COO The Cooper Cos Inc. 0.00% 104 $11K No change
CLH Clean Harbors Inc. 0.00% 45 $11K New

Portfolio Sells Q2 2024 → Q3 2024
GOOGL Alphabet Inc. Class A Reduce -22.0% 6.56% −2.20
ENTG Entegris Inc. Reduce -100.0% 0.00% −1.82
MNST Monster Beverage Corp. Reduce -100.0% 0.00% −1.61
SCHW Schwab (charles) Corp. Reduce -100.0% 0.00% −1.42
ASML ASML Holding NV-NY Reg SHS Reduce -7.2% 2.40% −0.61
MSFT Microsoft Corp. Reduce -5.8% 11.37% −0.53
INTU Intuit Inc. Reduce -11.1% 3.84% −0.50
AMZN Amazon.com Inc. Reduce -5.3% 8.63% −0.34
NBIX Neurocrine Biosciences Inc. Reduce -5.4% 1.66% −0.33
ADBE Adobe Inc. Reduce -6.3% 2.09% −0.18
NVDA Nvidia Corp. Reduce -4.7% 12.13% −0.16
NICE Nice Ltd. - Spon ADR Reduce -60.8% 0.04% −0.06
AMD Advanced Micro Devices Reduce -7.7% 3.18% −0.05
ORCL Oracle Corp. Reduce -36.2% 0.18% −0.04
HDB HDFC Bank Ltd.-ADR Reduce -22.1% 0.05% −0.01
GOOG Alphabet Inc. Class C Reduce -45.3% 0.00% −0.00
CMG Chipotle Mexican Grill Inc. Reduce -62.5% 0.00% −0.00
HESAY Hermes Intl-Unsponsored ADR Sold out 0.00% −0.00
AON Aon PLC Class A Reduce -46.9% 0.00% −0.00
HLT Hilton Worldwide Holdings Inc. Sold out 0.00% −0.00
MAR Marriott International Class A Sold out 0.00% −0.00
PINS Pinterest Inc. Class A Sold out 0.00% −0.00
CRM Salesforce Inc. Reduce -26.4% 0.00% −0.00
ULTA Ulta Beauty Inc. Sold out 0.00% −0.00
PAYC Paycom Software Inc. Sold out 0.00% −0.00
LAMR Lamar Advertising Co. Class A Reduce -13.6% 0.03% +0.00
APO Apollo Global Management Inc. Reduce -1.7% 0.02% +0.00
ADP Automatic Data Processing Reduce -6.3% 0.02% +0.00
ARES Ares Management Corp. Class A Reduce -1.6% 0.03% +0.01
GLOB Globant SA Reduce -2.4% 0.06% +0.01
V Visa Inc. Class A Reduce -8.2% 2.60% +0.03
UBER Uber Technologies Inc. Reduce -4.9% 2.46% +0.09
MA Mastercard Inc. Class A Reduce -10.3% 1.61% +0.09
ADSK Autodesk Inc. Reduce -5.7% 2.36% +0.23
FISV Fiserv Inc. Reduce -4.9% 2.78% +0.48
FTNT Fortinet Inc. Reduce -4.8% 2.26% +0.51
AAPL Apple Inc. Reduce -6.7% 8.01% +0.65
ANET Arista Networks Inc. Reduce -5.9% 8.45% +0.67

Portfolio Buys Q2 2024 → Q3 2024
META Meta Platforms Inc. Class A Add +14.5% 7.17% +1.94
HWM Howmet Aerospace Inc. Add +1595.9% 1.28% +1.22
CDNS Cadence Design SYS Inc. Add +90470.1% 0.95% +0.95
SNPS Synopsys Inc. Add +83965.5% 0.92% +0.92
ABT Abbott Laboratories Add +5259.3% 0.85% +0.84
GEV GE Vernova Inc. New 0.59% +0.59
DT Dynatrace Inc. Add +29.7% 1.29% +0.50
GE General Electric Add +17.1% 0.53% +0.17
MELI MercadoLibre Inc. Add +11560.9% 0.08% +0.08
IBN Icici Bank Ltd.-Spon ADR Add +24.0% 0.10% +0.03
LLY Eli Lilly & Co. Add +11.4% 0.12% +0.01
TSM Taiwan Semiconductor-SP ADR Add +4.9% 0.13% +0.01
AVGO Broadcom Inc. Add +201.6% 0.01% +0.01
SYK Stryker Corp. Add +316.9% 0.00% +0.00
IWF iShares Russell 1000 Growth New 0.00% +0.00
LIN Linde PLC Add +354.0% 0.00% +0.00
PLTR Palantir Technologies Inc. Class A Add +22.5% 0.00% +0.00
CLH Clean Harbors Inc. New 0.00% +0.00
NVO Novo-Nordisk A/S-Spons ADR Add +7.9% 3.13% −0.17

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