DSM Capital Partners LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 24, 2025), DSM Capital Partners LLC reported 39 stock positions worth $6.8 billion. Its top holding was Nvidia (NVDA) at 14.5% of the portfolio, followed by Microsoft (MSFT, 10.2%) and Amazon.com (AMZN, 8.8%). Compared with Q1 2025, it opened 2 new positions, sold out of 2, added to 11 and reduced 26. The biggest buy was Broadcom (AVGO, shares +81%) and the biggest sale an exit from Arthur J Gallagher (AJG).
- Most Recent 13F
- Q2 2026
- Location
- Palm Beach Gardens, FL
- CIK
- 0001214639
- Portfolio Value
- $6.8B (Q2 2025)
- SEC Filing
- 0001172661-25-002718 ↗ filed Jul 24, 2025
Holdings Value
Holdings 39 stocks · $6.8B
| NVDA Nvidia Corp. | 14.51% | 6,212,104 | $981.5M | Reduce -3.8% |
| MSFT Microsoft Corp. | 10.16% | 1,382,483 | $687.7M | Reduce -5.8% |
| AMZN Amazon.com Inc. | 8.84% | 2,725,964 | $598.0M | Reduce -1.9% |
| META Meta Platforms Inc. Class A | 8.09% | 741,149 | $547.0M | Reduce -7.7% |
| ANET Arista Networks Inc. | 7.58% | 5,015,294 | $513.1M | Reduce -11.1% |
| GOOGL Alphabet Inc. Class A | 5.96% | 2,287,542 | $403.1M | Reduce -4.6% |
| INTU Intuit Inc. | 5.31% | 455,875 | $359.1M | Reduce -4.7% |
| FTNT Fortinet Inc. | 3.95% | 2,528,477 | $267.3M | Add +3.2% |
| AVGO Broadcom Inc. | 3.65% | 896,897 | $247.2M | Add +81.0% |
| UBER Uber Technologies Inc. | 3.62% | 2,625,476 | $245.0M | Add +4.5% |
| FISV Fiserv Inc. | 2.91% | 1,140,649 | $196.7M | Add +15.9% |
| DT Dynatrace Inc. | 2.69% | 3,291,325 | $181.7M | Add +27.6% |
| V Visa Inc. Class A | 2.36% | 450,536 | $160.0M | Reduce -13.4% |
| GE General Electric filed as GE AEROSPACE | 2.17% | 570,519 | $146.8M | Reduce -7.0% |
| HWM Howmet Aerospace Inc. | 1.98% | 718,205 | $133.7M | Reduce -19.5% |
| ADSK Autodesk Inc. | 1.88% | 410,095 | $127.0M | Reduce -11.0% |
| DXCM Dexcom Inc. | 1.85% | 1,435,296 | $125.3M | Add +252.1% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.80% | 1,760,978 | $121.5M | Reduce -14.4% |
| NFLX Netflix Inc. | 1.65% | 83,175 | $111.4M | Add +157.9% |
| MA Mastercard Inc. Class A | 1.60% | 192,953 | $108.4M | Reduce -5.5% |
| BKNG Booking Holdings Inc. | 1.59% | 18,567 | $107.5M | Reduce -4.5% |
| ABT Abbott Laboratories | 1.55% | 772,348 | $105.0M | Reduce -9.6% |
| GEV GE Vernova Inc. | 1.54% | 196,991 | $104.2M | Add +31.9% |
| CDNS Cadence Design SYS Inc. | 1.21% | 265,921 | $81.9M | Reduce -4.8% |
| SNPS Synopsys Inc. | 0.77% | 101,782 | $52.2M | Reduce -15.3% |
| ORCL Oracle Corp. | 0.17% | 53,056 | $11.6M | Reduce -4.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.14% | 42,037 | $9.5M | Reduce -1.3% |
| IBN Icici Bank Ltd.-Spon ADR | 0.10% | 194,095 | $6.5M | Reduce -2.0% |
| MELI MercadoLibre Inc. | 0.09% | 2,388 | $6.2M | Reduce -1.7% |
| LLY Eli Lilly & Co. | 0.09% | 7,738 | $6.0M | Reduce -2.1% |
| HDB HDFC Bank Ltd.-ADR | 0.08% | 66,905 | $5.1M | Reduce -1.6% |
| ARES Ares Management Corp. Class A | 0.04% | 14,080 | $2.4M | Add +0.6% |
| SYK Stryker Corp. | 0.03% | 4,506 | $1.8M | Add +19.9% |
| APO Apollo Global Management Inc. | 0.02% | 10,160 | $1.4M | Add +0.5% |
| ADP Automatic Data Processing | 0.02% | 4,369 | $1.3M | Reduce -1.0% |
| LAMR Lamar Advertising Co. Class A | 0.01% | 7,585 | $921K | Reduce -47.4% |
| BSX Boston Scientific Corp. | 0.00% | 2,858 | $307K | New |
| IWF iShares Russell 1000 Growth | 0.00% | 675 | $287K | Reduce -19.0% |
| GRAB Grab Holdings Ltd. Class A | 0.00% | 11,590 | $58K | New |
Portfolio Sells Q1 2025 → Q2 2025
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −2.39 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −2.29 |
| V Visa Inc. Class A | Reduce -13.4% | 2.36% | −0.82 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -14.4% | 1.80% | −0.70 |
| GOOGL Alphabet Inc. Class A | Reduce -4.6% | 5.96% | −0.52 |
| ABT Abbott Laboratories | Reduce -9.6% | 1.55% | −0.43 |
| AMZN Amazon.com Inc. | Reduce -1.9% | 8.84% | −0.40 |
| MA Mastercard Inc. Class A | Reduce -5.5% | 1.60% | −0.35 |
| ADSK Autodesk Inc. | Reduce -11.0% | 1.88% | −0.23 |
| SNPS Synopsys Inc. | Reduce -15.3% | 0.77% | −0.13 |
| ANET Arista Networks Inc. | Reduce -11.1% | 7.58% | −0.05 |
| HWM Howmet Aerospace Inc. | Reduce -19.5% | 1.98% | −0.05 |
| CDNS Cadence Design SYS Inc. | Reduce -4.8% | 1.21% | −0.03 |
| LLY Eli Lilly & Co. | Reduce -2.1% | 0.09% | −0.02 |
| LAMR Lamar Advertising Co. Class A | Reduce -47.4% | 0.01% | −0.02 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -2.0% | 0.10% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -7.7% | 8.09% | −0.00 |
| ADP Automatic Data Processing | Reduce -1.0% | 0.02% | −0.00 |
| HDB HDFC Bank Ltd.-ADR | Reduce -1.6% | 0.08% | −0.00 |
| IWF iShares Russell 1000 Growth | Reduce -19.0% | 0.00% | −0.00 |
| MELI MercadoLibre Inc. | Reduce -1.7% | 0.09% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -1.3% | 0.14% | +0.02 |
| GE General Electric | Reduce -7.0% | 2.17% | +0.02 |
| BKNG Booking Holdings Inc. | Reduce -4.5% | 1.59% | +0.02 |
| ORCL Oracle Corp. | Reduce -4.3% | 0.17% | +0.04 |
| INTU Intuit Inc. | Reduce -4.7% | 5.31% | +0.17 |
| MSFT Microsoft Corp. | Reduce -5.8% | 10.16% | +0.53 |
| NVDA Nvidia Corp. | Reduce -3.8% | 14.51% | +2.28 |
Portfolio Buys Q1 2025 → Q2 2025
| AVGO Broadcom Inc. | Add +81.0% | 3.65% | +2.20 |
| DXCM Dexcom Inc. | Add +252.1% | 1.85% | +1.37 |
| NFLX Netflix Inc. | Add +157.9% | 1.65% | +1.12 |
| GEV GE Vernova Inc. | Add +31.9% | 1.54% | +0.74 |
| DT Dynatrace Inc. | Add +27.6% | 2.69% | +0.56 |
| UBER Uber Technologies Inc. | Add +4.5% | 3.62% | +0.42 |
| BSX Boston Scientific Corp. | New | 0.00% | +0.00 |
| SYK Stryker Corp. | Add +19.9% | 0.03% | +0.00 |
| GRAB Grab Holdings Ltd. Class A | New | 0.00% | +0.00 |
| ARES Ares Management Corp. Class A | Add +0.6% | 0.04% | +0.00 |
| APO Apollo Global Management Inc. | Add +0.5% | 0.02% | −0.00 |
| FTNT Fortinet Inc. | Add +3.2% | 3.95% | −0.17 |
| FISV Fiserv Inc. | Add +15.9% | 2.91% | −0.89 |
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 |