DSM Capital Partners LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), DSM Capital Partners LLC reported 39 stock positions worth $5.7 billion. Its top holding was Nvidia (NVDA) at 12.2% of the portfolio, followed by Microsoft (MSFT, 9.6%) and Amazon.com (AMZN, 9.2%). Compared with Q4 2024, it opened 3 new positions, sold out of 4, added to 12 and reduced 21. The biggest buy was a new position in Arthur J Gallagher (AJG) and the biggest sale an exit from Apple (AAPL).
- Most Recent 13F
- Q2 2026
- Location
- Palm Beach Gardens, FL
- CIK
- 0001214639
- Portfolio Value
- $5.7B (Q1 2025)
- SEC Filing
- 0001172661-25-001730 ↗ filed May 13, 2025
Holdings Value
Holdings 39 stocks · $5.7B
| NVDA Nvidia Corp. | 12.23% | 6,456,411 | $699.7M | Add +5.3% |
| MSFT Microsoft Corp. | 9.63% | 1,467,910 | $551.0M | Reduce -10.8% |
| AMZN Amazon.com Inc. | 9.24% | 2,779,249 | $528.8M | Reduce -1.8% |
| META Meta Platforms Inc. Class A | 8.09% | 803,192 | $462.9M | Add +3.6% |
| ANET Arista Networks Inc. | 7.64% | 5,639,166 | $436.9M | Add +8.7% |
| GOOGL Alphabet Inc. Class A | 6.48% | 2,397,860 | $370.8M | Reduce -0.9% |
| INTU Intuit Inc. | 5.13% | 478,434 | $293.8M | Add +39.4% |
| FTNT Fortinet Inc. | 4.12% | 2,450,338 | $235.9M | Add +0.8% |
| FISV Fiserv Inc. | 3.80% | 984,230 | $217.3M | Reduce -4.0% |
| UBER Uber Technologies Inc. | 3.20% | 2,512,146 | $183.0M | Reduce -1.0% |
| V Visa Inc. Class A | 3.19% | 520,116 | $182.3M | Reduce -1.9% |
| NVO Novo-Nordisk A/S-Spons ADR | 2.50% | 2,056,587 | $142.8M | Add +2.5% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 2.39% | 395,566 | $136.6M | New |
| AMD Advanced Micro Devices | 2.29% | 1,273,794 | $130.9M | Reduce -5.6% |
| GE General Electric filed as GE AEROSPACE | 2.15% | 613,698 | $122.8M | Add +156.1% |
| DT Dynatrace Inc. | 2.13% | 2,580,075 | $121.7M | Add +5.1% |
| ADSK Autodesk Inc. | 2.11% | 460,824 | $120.6M | Reduce -13.5% |
| HWM Howmet Aerospace Inc. | 2.02% | 892,102 | $115.7M | Reduce -11.8% |
| ABT Abbott Laboratories | 1.98% | 854,111 | $113.3M | Reduce -0.6% |
| MA Mastercard Inc. Class A | 1.96% | 204,271 | $112.0M | Reduce -1.8% |
| BKNG Booking Holdings Inc. | 1.56% | 19,432 | $89.5M | New |
| AVGO Broadcom Inc. | 1.45% | 495,402 | $82.9M | Add +9598.5% |
| CDNS Cadence Design SYS Inc. | 1.24% | 279,198 | $71.0M | Reduce -1.7% |
| SNPS Synopsys Inc. | 0.90% | 120,239 | $51.6M | Reduce -1.6% |
| GEV GE Vernova Inc. | 0.80% | 149,340 | $45.6M | Reduce -1.4% |
| NFLX Netflix Inc. | 0.53% | 32,244 | $30.1M | Add +13620.9% |
| DXCM Dexcom Inc. | 0.49% | 407,663 | $27.8M | New |
| ORCL Oracle Corp. | 0.14% | 55,462 | $7.8M | Reduce -5.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.12% | 42,598 | $7.1M | Reduce -7.6% |
| LLY Eli Lilly & Co. | 0.11% | 7,903 | $6.5M | Reduce -7.5% |
| IBN Icici Bank Ltd.-Spon ADR | 0.11% | 197,995 | $6.2M | Reduce -8.0% |
| MELI MercadoLibre Inc. | 0.08% | 2,429 | $4.7M | Reduce -5.7% |
| HDB HDFC Bank Ltd.-ADR | 0.08% | 67,995 | $4.5M | Reduce -8.0% |
| ARES Ares Management Corp. Class A | 0.04% | 13,993 | $2.1M | No change |
| LAMR Lamar Advertising Co. Class A | 0.03% | 14,415 | $1.6M | No change |
| SYK Stryker Corp. | 0.02% | 3,757 | $1.4M | Add +14.2% |
| APO Apollo Global Management Inc. | 0.02% | 10,107 | $1.4M | No change |
| ADP Automatic Data Processing | 0.02% | 4,413 | $1.3M | Add +11.7% |
| IWF iShares Russell 1000 Growth | 0.01% | 833 | $301K | Reduce -97.6% |
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Sold out | 0.00% | −6.41 |
| NBIX Neurocrine Biosciences Inc. | Sold out | 0.00% | −1.97 |
| ADBE Adobe Inc. | Sold out | 0.00% | −1.36 |
| MSFT Microsoft Corp. | Reduce -10.8% | 9.63% | −1.08 |
| GOOGL Alphabet Inc. Class A | Reduce -0.9% | 6.48% | −0.59 |
| AMZN Amazon.com Inc. | Reduce -1.8% | 9.24% | −0.35 |
| ADSK Autodesk Inc. | Reduce -13.5% | 2.11% | −0.32 |
| AMD Advanced Micro Devices | Reduce -5.6% | 2.29% | −0.23 |
| IWF iShares Russell 1000 Growth | Reduce -97.6% | 0.01% | −0.21 |
| CDNS Cadence Design SYS Inc. | Reduce -1.7% | 1.24% | −0.08 |
| GLOB Globant SA | Sold out | 0.00% | −0.06 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -7.6% | 0.12% | −0.02 |
| ORCL Oracle Corp. | Reduce -5.4% | 0.14% | −0.02 |
| SNPS Synopsys Inc. | Reduce -1.6% | 0.90% | −0.01 |
| HDB HDFC Bank Ltd.-ADR | Reduce -8.0% | 0.08% | +0.01 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -8.0% | 0.11% | +0.01 |
| LLY Eli Lilly & Co. | Reduce -7.5% | 0.11% | +0.01 |
| MELI MercadoLibre Inc. | Reduce -5.7% | 0.08% | +0.02 |
| GEV GE Vernova Inc. | Reduce -1.4% | 0.80% | +0.03 |
| MA Mastercard Inc. Class A | Reduce -1.8% | 1.96% | +0.27 |
| HWM Howmet Aerospace Inc. | Reduce -11.8% | 2.02% | +0.31 |
| ABT Abbott Laboratories | Reduce -0.6% | 1.98% | +0.48 |
| FISV Fiserv Inc. | Reduce -4.0% | 3.80% | +0.55 |
| V Visa Inc. Class A | Reduce -1.9% | 3.19% | +0.60 |
| UBER Uber Technologies Inc. | Reduce -1.0% | 3.20% | +0.84 |
Portfolio Buys Q4 2024 → Q1 2025
| AJG Arthur J Gallagher & Co. | New | 2.39% | +2.39 |
| INTU Intuit Inc. | Add +39.4% | 5.13% | +1.80 |
| BKNG Booking Holdings Inc. | New | 1.56% | +1.56 |
| GE General Electric | Add +156.1% | 2.15% | +1.53 |
| AVGO Broadcom Inc. | Add +9598.5% | 1.45% | +1.43 |
| META Meta Platforms Inc. Class A | Add +3.6% | 8.09% | +1.08 |
| FTNT Fortinet Inc. | Add +0.8% | 4.12% | +0.58 |
| NFLX Netflix Inc. | Add +13620.9% | 0.53% | +0.52 |
| DXCM Dexcom Inc. | New | 0.49% | +0.49 |
| DT Dynatrace Inc. | Add +5.1% | 2.13% | +0.07 |
| SYK Stryker Corp. | Add +14.2% | 0.02% | +0.01 |
| ADP Automatic Data Processing | Add +11.7% | 0.02% | +0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +2.5% | 2.50% | −0.17 |
| NVDA Nvidia Corp. | Add +5.3% | 12.23% | −0.48 |
| ANET Arista Networks Inc. | Add +8.7% | 7.64% | −1.22 |
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 |