DSM Capital Partners LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 22, 2025), DSM Capital Partners LLC reported 41 stock positions worth $7.0 billion. Its top holding was Nvidia (NVDA) at 15.2% of the portfolio, followed by Microsoft (MSFT, 12.2%) and Amazon.com (AMZN, 7.6%). Compared with Q2 2025, it opened 9 new positions, sold out of 7, added to 22 and reduced 10. The biggest buy was Broadcom (AVGO, shares +78%) and the biggest sale an exit from Fortinet (FTNT).
- Most Recent 13F
- Q2 2026
- Location
- Palm Beach Gardens, FL
- CIK
- 0001214639
- Portfolio Value
- $7.0B (Q3 2025)
- SEC Filing
- 0001172661-25-004385 ↗ filed Oct 22, 2025
Holdings Value
Holdings 41 stocks · $7.0B
| NVDA Nvidia Corp. | 15.15% | 5,697,455 | $1.1B | Reduce -8.3% |
| MSFT Microsoft Corp. | 12.19% | 1,651,420 | $855.4M | Add +19.4% |
| AMZN Amazon.com Inc. | 7.58% | 2,420,528 | $531.5M | Reduce -11.2% |
| AVGO Broadcom Inc. | 7.52% | 1,598,432 | $527.3M | Add +78.2% |
| META Meta Platforms Inc. Class A | 7.17% | 684,662 | $502.8M | Reduce -7.6% |
| ANET Arista Networks Inc. | 6.09% | 2,933,214 | $427.4M | Reduce -41.5% |
| GOOGL Alphabet Inc. Class A | 6.02% | 1,738,180 | $422.6M | Reduce -24.0% |
| INTU Intuit Inc. | 4.53% | 465,469 | $317.9M | Add +2.1% |
| UBER Uber Technologies Inc. | 4.15% | 2,972,849 | $291.3M | Add +13.2% |
| RDDT Reddit Inc. Class A | 2.60% | 793,905 | $182.6M | New |
| ORCL Oracle Corp. | 2.47% | 615,885 | $173.2M | Add +1060.8% |
| HWM Howmet Aerospace Inc. | 2.46% | 878,070 | $172.3M | Add +22.3% |
| DXCM Dexcom Inc. | 2.43% | 2,533,539 | $170.5M | Add +76.5% |
| GE General Electric filed as GE AEROSPACE | 2.41% | 561,052 | $168.8M | Reduce -1.7% |
| V Visa Inc. Class A | 2.40% | 493,901 | $168.6M | Add +9.6% |
| NFLX Netflix Inc. | 2.28% | 133,580 | $160.2M | Add +60.6% |
| BKNG Booking Holdings Inc. | 2.17% | 28,208 | $152.3M | Add +51.9% |
| MA Mastercard Inc. Class A | 1.93% | 237,441 | $135.1M | Add +23.1% |
| GEV GE Vernova Inc. | 1.74% | 198,177 | $121.9M | Add +0.6% |
| ABT Abbott Laboratories | 1.59% | 832,780 | $111.5M | Add +7.8% |
| ADSK Autodesk Inc. | 1.39% | 306,719 | $97.4M | Reduce -25.2% |
| CDNS Cadence Design SYS Inc. | 1.32% | 263,468 | $92.5M | Reduce -0.9% |
| PINS Pinterest Inc. Class A | 0.89% | 1,948,954 | $62.7M | New |
| NOW ServiceNow Inc. | 0.62% | 47,101 | $43.3M | New |
| TSM Taiwan Semiconductor-SP ADR | 0.20% | 50,987 | $14.2M | Add +21.3% |
| MELI MercadoLibre Inc. | 0.13% | 3,968 | $9.3M | Add +66.2% |
| GRAB Grab Holdings Ltd. Class A | 0.12% | 1,355,708 | $8.2M | Add +11597.2% |
| SYK Stryker Corp. | 0.10% | 18,731 | $6.9M | Add +315.7% |
| HDB HDFC Bank Ltd.-ADR | 0.10% | 198,500 | $6.8M | Add +48.3% |
| IBN Icici Bank Ltd.-Spon ADR | 0.09% | 216,575 | $6.5M | Add +11.6% |
| ASML ASML Holding NV-NY Reg SHS | 0.05% | 3,405 | $3.3M | New |
| ARES Ares Management Corp. Class A | 0.02% | 10,620 | $1.7M | Reduce -24.6% |
| APO Apollo Global Management Inc. | 0.02% | 12,430 | $1.7M | Add +22.3% |
| WIX Wix.com Ltd. | 0.02% | 8,876 | $1.6M | New |
| ADP Automatic Data Processing | 0.01% | 3,559 | $1.0M | Reduce -18.5% |
| BRO Brown & Brown Inc. | 0.01% | 6,777 | $636K | New |
| BSX Boston Scientific Corp. | 0.01% | 3,977 | $388K | Add +39.1% |
| IWF iShares Russell 1000 Growth | 0.00% | 683 | $320K | Add +1.2% |
| PANW Palo Alto Networks Inc. | 0.00% | 1,532 | $312K | New |
| SHOP Shopify Inc. Class A | 0.00% | 1,992 | $296K | New |
| SPOT Spotify Technology SA | 0.00% | 394 | $275K | New |
Portfolio Sells Q2 2025 → Q3 2025
| FTNT Fortinet Inc. | Sold out | 0.00% | −3.95 |
| FISV Fiserv Inc. | Sold out | 0.00% | −2.91 |
| DT Dynatrace Inc. | Sold out | 0.00% | −2.69 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −1.80 |
| ANET Arista Networks Inc. | Reduce -41.5% | 6.09% | −1.49 |
| AMZN Amazon.com Inc. | Reduce -11.2% | 7.58% | −1.26 |
| META Meta Platforms Inc. Class A | Reduce -7.6% | 7.17% | −0.92 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.77 |
| ADSK Autodesk Inc. | Reduce -25.2% | 1.39% | −0.49 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.09 |
| LAMR Lamar Advertising Co. Class A | Sold out | 0.00% | −0.01 |
| ARES Ares Management Corp. Class A | Reduce -24.6% | 0.02% | −0.01 |
| ADP Automatic Data Processing | Reduce -18.5% | 0.01% | −0.01 |
| GOOGL Alphabet Inc. Class A | Reduce -24.0% | 6.02% | +0.07 |
| CDNS Cadence Design SYS Inc. | Reduce -0.9% | 1.32% | +0.11 |
| GE General Electric | Reduce -1.7% | 2.41% | +0.24 |
| NVDA Nvidia Corp. | Reduce -8.3% | 15.15% | +0.65 |
Portfolio Buys Q2 2025 → Q3 2025
| AVGO Broadcom Inc. | Add +78.2% | 7.52% | +3.86 |
| RDDT Reddit Inc. Class A | New | 2.60% | +2.60 |
| ORCL Oracle Corp. | Add +1060.8% | 2.47% | +2.30 |
| MSFT Microsoft Corp. | Add +19.4% | 12.19% | +2.03 |
| PINS Pinterest Inc. Class A | New | 0.89% | +0.89 |
| NFLX Netflix Inc. | Add +60.6% | 2.28% | +0.64 |
| NOW ServiceNow Inc. | New | 0.62% | +0.62 |
| BKNG Booking Holdings Inc. | Add +51.9% | 2.17% | +0.58 |
| DXCM Dexcom Inc. | Add +76.5% | 2.43% | +0.58 |
| UBER Uber Technologies Inc. | Add +13.2% | 4.15% | +0.53 |
| HWM Howmet Aerospace Inc. | Add +22.3% | 2.46% | +0.48 |
| MA Mastercard Inc. Class A | Add +23.1% | 1.93% | +0.32 |
| GEV GE Vernova Inc. | Add +0.6% | 1.74% | +0.20 |
| GRAB Grab Holdings Ltd. Class A | Add +11597.2% | 0.12% | +0.12 |
| SYK Stryker Corp. | Add +315.7% | 0.10% | +0.07 |
| TSM Taiwan Semiconductor-SP ADR | Add +21.3% | 0.20% | +0.06 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.05% | +0.05 |
| MELI MercadoLibre Inc. | Add +66.2% | 0.13% | +0.04 |
| V Visa Inc. Class A | Add +9.6% | 2.40% | +0.04 |
| ABT Abbott Laboratories | Add +7.8% | 1.59% | +0.04 |
| WIX Wix.com Ltd. | New | 0.02% | +0.02 |
| HDB HDFC Bank Ltd.-ADR | Add +48.3% | 0.10% | +0.02 |
| BRO Brown & Brown Inc. | New | 0.01% | +0.01 |
| PANW Palo Alto Networks Inc. | New | 0.00% | +0.00 |
| SHOP Shopify Inc. Class A | New | 0.00% | +0.00 |
| SPOT Spotify Technology SA | New | 0.00% | +0.00 |
| APO Apollo Global Management Inc. | Add +22.3% | 0.02% | +0.00 |
| BSX Boston Scientific Corp. | Add +39.1% | 0.01% | +0.00 |
| IWF iShares Russell 1000 Growth | Add +1.2% | 0.00% | +0.00 |
| IBN Icici Bank Ltd.-Spon ADR | Add +11.6% | 0.09% | −0.00 |
| INTU Intuit Inc. | Add +2.1% | 4.53% | −0.78 |
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 |