DSM Capital Partners LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 31, 2025), DSM Capital Partners LLC reported 40 stock positions worth $6.5 billion. Its top holding was Nvidia (NVDA) at 12.7% of the portfolio, followed by Microsoft (MSFT, 10.7%) and Amazon.com (AMZN, 9.6%). Compared with Q3 2024, it sold out of 59, added to 21 and reduced 19. The biggest buy was Fortinet (FTNT, shares +27%) and the biggest sale an exit from ASML Holding NV-NY Reg SHS (ASML).
- Most Recent 13F
- Q2 2026
- Location
- Palm Beach Gardens, FL
- CIK
- 0001214639
- Portfolio Value
- $6.5B (Q4 2024)
- SEC Filing
- 0001172661-25-000460 ↗ filed Jan 31, 2025
Holdings Value
Holdings 40 stocks · $6.5B
| NVDA Nvidia Corp. | 12.71% | 6,130,416 | $823.3M | Reduce -6.3% |
| MSFT Microsoft Corp. | 10.71% | 1,645,967 | $693.8M | Reduce -4.9% |
| AMZN Amazon.com Inc. | 9.59% | 2,830,170 | $620.9M | Reduce -6.7% |
| ANET Arista Networks Inc. | 8.86% | 5,188,878 | $573.5M | Reduce -10.1% |
| GOOGL Alphabet Inc. Class A | 7.07% | 2,419,241 | $458.0M | Reduce -6.6% |
| META Meta Platforms Inc. Class A | 7.01% | 775,398 | $454.0M | Reduce -5.5% |
| AAPL Apple Inc. | 6.41% | 1,656,917 | $414.9M | Reduce -26.4% |
| FTNT Fortinet Inc. | 3.55% | 2,431,164 | $229.7M | Add +27.4% |
| INTU Intuit Inc. | 3.33% | 343,174 | $215.7M | Reduce -15.3% |
| FISV Fiserv Inc. | 3.25% | 1,025,130 | $210.6M | Add +1.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 2.67% | 2,007,412 | $172.7M | Add +16.7% |
| V Visa Inc. Class A | 2.59% | 530,037 | $167.5M | Reduce -14.6% |
| AMD Advanced Micro Devices | 2.52% | 1,349,087 | $163.0M | Add +6.2% |
| ADSK Autodesk Inc. | 2.43% | 532,528 | $157.4M | Reduce -5.0% |
| UBER Uber Technologies Inc. | 2.36% | 2,537,391 | $153.1M | Add +18.4% |
| DT Dynatrace Inc. | 2.06% | 2,454,582 | $133.4M | Add +55.3% |
| NBIX Neurocrine Biosciences Inc. | 1.97% | 932,595 | $127.3M | Reduce -1.2% |
| HWM Howmet Aerospace Inc. | 1.71% | 1,011,961 | $110.7M | Add +21.0% |
| MA Mastercard Inc. Class A | 1.69% | 207,926 | $109.5M | Reduce -2.5% |
| ABT Abbott Laboratories | 1.50% | 859,404 | $97.2M | Add +75.6% |
| ADBE Adobe Inc. | 1.36% | 197,774 | $87.9M | Reduce -25.1% |
| CDNS Cadence Design SYS Inc. | 1.32% | 284,078 | $85.4M | Add +23.5% |
| SNPS Synopsys Inc. | 0.92% | 122,163 | $59.3M | Add +2.3% |
| GEV GE Vernova Inc. | 0.77% | 151,382 | $49.8M | Add +0.6% |
| GE General Electric filed as GE AEROSPACE | 0.62% | 239,632 | $40.0M | Add +29.8% |
| IWF iShares Russell 1000 Growth | 0.21% | 34,211 | $13.7M | Add +6330.6% |
| ORCL Oracle Corp. | 0.15% | 58,655 | $9.8M | Reduce -13.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.14% | 46,098 | $9.1M | Reduce -3.9% |
| LLY Eli Lilly & Co. | 0.10% | 8,542 | $6.6M | Reduce -0.7% |
| IBN Icici Bank Ltd.-Spon ADR | 0.10% | 215,170 | $6.4M | Reduce -4.5% |
| HDB HDFC Bank Ltd.-ADR | 0.07% | 73,905 | $4.7M | Add +31.3% |
| MELI MercadoLibre Inc. | 0.07% | 2,577 | $4.4M | Reduce -3.9% |
| GLOB Globant SA | 0.06% | 17,781 | $3.8M | Reduce -4.3% |
| ARES Ares Management Corp. Class A | 0.04% | 13,993 | $2.5M | Add +6.2% |
| LAMR Lamar Advertising Co. Class A | 0.03% | 14,415 | $1.8M | Add +0.8% |
| APO Apollo Global Management Inc. | 0.03% | 10,107 | $1.7M | Add +6.3% |
| AVGO Broadcom Inc. | 0.02% | 5,108 | $1.2M | Add +26.4% |
| SYK Stryker Corp. | 0.02% | 3,289 | $1.2M | Add +358.7% |
| ADP Automatic Data Processing | 0.02% | 3,952 | $1.2M | Add +8.4% |
| NFLX Netflix Inc. | 0.00% | 235 | $209K | Add +7.8% |
Portfolio Sells Q3 2024 → Q4 2024
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −2.40 |
| AAPL Apple Inc. | Reduce -26.4% | 6.41% | −1.60 |
| ADBE Adobe Inc. | Reduce -25.1% | 1.36% | −0.73 |
| MSFT Microsoft Corp. | Reduce -4.9% | 10.71% | −0.65 |
| INTU Intuit Inc. | Reduce -15.3% | 3.33% | −0.51 |
| META Meta Platforms Inc. Class A | Reduce -5.5% | 7.01% | −0.16 |
| NICE Nice Ltd. - Spon ADR | Sold out | 0.00% | −0.04 |
| ORCL Oracle Corp. | Reduce -13.6% | 0.15% | −0.03 |
| V Visa Inc. Class A | Reduce -14.6% | 2.59% | −0.02 |
| MELI MercadoLibre Inc. | Reduce -3.9% | 0.07% | −0.02 |
| LLY Eli Lilly & Co. | Reduce -0.7% | 0.10% | −0.01 |
| LIN Linde PLC | Sold out | 0.00% | −0.00 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -4.5% | 0.10% | −0.00 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.00 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.00 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.00 |
| ARM Arm Holdings PLC-ADR | Sold out | 0.00% | −0.00 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.00 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.00 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.00 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.00 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.00 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.00 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.00 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.00 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.00 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −0.00 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.00 |
| AON Aon PLC Class A | Sold out | 0.00% | −0.00 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −0.00 |
| MRSH Marsh & McLennan Cos | Sold out | 0.00% | −0.00 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.00 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.00 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.00 |
| ECL Ecolab Inc. | Sold out | 0.00% | −0.00 |
| FICO Fair Isaac Corp. | Sold out | 0.00% | −0.00 |
| KLAC KLA Corp. | Sold out | 0.00% | −0.00 |
| ORLY O'reilly Automotive Inc. | Sold out | 0.00% | −0.00 |
| WM Waste Management Inc. | Sold out | 0.00% | −0.00 |
| ALC Alcon Inc. | Sold out | 0.00% | −0.00 |
| ABNB Airbnb Inc. Class A | Sold out | 0.00% | −0.00 |
| CTAS Cintas Corp. | Sold out | 0.00% | −0.00 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.00 |
| VEEV Veeva Systems Inc. Class A | Sold out | 0.00% | −0.00 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.00 |
| BRO Brown & Brown Inc. | Sold out | 0.00% | −0.00 |
| IDXX Idexx Laboratories Inc. | Sold out | 0.00% | −0.00 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.00 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.00 |
| TOELY Tokyo Electron Ltd.-Unsp ADR | Sold out | 0.00% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| FTNT Fortinet Inc. | Add +27.4% | 3.55% | +1.29 |
| DT Dynatrace Inc. | Add +55.3% | 2.06% | +0.77 |
| ABT Abbott Laboratories | Add +75.6% | 1.50% | +0.65 |
| FISV Fiserv Inc. | Add +1.0% | 3.25% | +0.47 |
| HWM Howmet Aerospace Inc. | Add +21.0% | 1.71% | +0.43 |
| CDNS Cadence Design SYS Inc. | Add +23.5% | 1.32% | +0.37 |
| IWF iShares Russell 1000 Growth | Add +6330.6% | 0.21% | +0.21 |
| GEV GE Vernova Inc. | Add +0.6% | 0.77% | +0.18 |
| GE General Electric | Add +29.8% | 0.62% | +0.09 |
| HDB HDFC Bank Ltd.-ADR | Add +31.3% | 0.07% | +0.02 |
| SYK Stryker Corp. | Add +358.7% | 0.02% | +0.01 |
| APO Apollo Global Management Inc. | Add +6.3% | 0.03% | +0.01 |
| AVGO Broadcom Inc. | Add +26.4% | 0.02% | +0.01 |
| ARES Ares Management Corp. Class A | Add +6.2% | 0.04% | +0.01 |
| ADP Automatic Data Processing | Add +8.4% | 0.02% | +0.00 |
| NFLX Netflix Inc. | Add +7.8% | 0.00% | +0.00 |
| LAMR Lamar Advertising Co. Class A | Add +0.8% | 0.03% | −0.00 |
| SNPS Synopsys Inc. | Add +2.3% | 0.92% | −0.01 |
| UBER Uber Technologies Inc. | Add +18.4% | 2.36% | −0.10 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +16.7% | 2.67% | −0.46 |
| AMD Advanced Micro Devices | Add +6.2% | 2.52% | −0.67 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 70 | $5.8B | NVDA, GOOGL, AVGO, ANET, MSFT |
| Q1 2026 | 44 | $5.7B | NVDA, MSFT, GOOGL, AVGO, AMZN |
| Q4 2025 | 47 | $6.7B | NVDA, MSFT, GOOGL, AVGO, AMZN |
| Q3 2025 | 41 | $7.0B | NVDA, MSFT, AMZN, AVGO, META |
| Q2 2025 | 39 | $6.8B | NVDA, MSFT, AMZN, META, ANET |
| Q1 2025 | 39 | $5.7B | NVDA, MSFT, AMZN, META, ANET |
| Q4 2024 | 40 | $6.5B | NVDA, MSFT, AMZN, ANET, GOOGL |
| Q3 2024 | 99 | $6.6B | NVDA, MSFT, AMZN, ANET, AAPL |
| Q2 2024 | 102 | $6.9B | NVDA, MSFT, AMZN, GOOGL, ANET |
| Q1 2024 | 115 | $7.3B | NVDA, MSFT, AMZN, GOOGL, ANET |