DSM Capital Partners LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), DSM Capital Partners LLC reported 47 stock positions worth $6.7 billion. Its top holding was Nvidia (NVDA) at 15.3% of the portfolio, followed by Microsoft (MSFT, 11.8%) and Alphabet Class A (GOOGL, 9.1%). Compared with Q3 2025, it opened 10 new positions, sold out of 4, added to 12 and reduced 25. The biggest buy was Alphabet Class A (GOOGL, shares +12%) and the biggest sale Meta Platforms Class A (META, shares −29%).
- Most Recent 13F
- Q2 2026
- Location
- Palm Beach Gardens, FL
- CIK
- 0001214639
- Portfolio Value
- $6.7B (Q4 2025)
- SEC Filing
- 0001172661-26-000664 ↗ filed Feb 12, 2026
Holdings Value
Holdings 47 stocks · $6.7B
| NVDA Nvidia Corp. | 15.26% | 5,524,019 | $1.0B | Reduce -3.0% |
| MSFT Microsoft Corp. | 11.80% | 1,646,502 | $796.3M | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 9.06% | 1,952,576 | $611.2M | Add +12.3% |
| AVGO Broadcom Inc. | 8.60% | 1,676,167 | $580.1M | Add +4.9% |
| AMZN Amazon.com Inc. | 8.08% | 2,363,635 | $545.6M | Reduce -2.4% |
| ANET Arista Networks Inc. | 5.40% | 2,783,018 | $364.7M | Reduce -5.1% |
| META Meta Platforms Inc. Class A | 4.77% | 487,342 | $321.7M | Reduce -28.8% |
| INTU Intuit Inc. | 4.14% | 421,838 | $279.4M | Reduce -9.4% |
| UBER Uber Technologies Inc. | 3.43% | 2,831,670 | $231.4M | Reduce -4.8% |
| RDDT Reddit Inc. Class A | 2.74% | 805,398 | $185.1M | Add +1.4% |
| GEV GE Vernova Inc. | 2.74% | 283,208 | $185.1M | Add +42.9% |
| HWM Howmet Aerospace Inc. | 2.65% | 873,695 | $179.1M | Reduce -0.5% |
| GE General Electric filed as GE AEROSPACE | 2.52% | 553,125 | $170.4M | Reduce -1.4% |
| V Visa Inc. Class A | 2.48% | 477,371 | $167.4M | Reduce -3.4% |
| DXCM Dexcom Inc. | 2.32% | 2,355,093 | $156.3M | Reduce -7.0% |
| MA Mastercard Inc. Class A | 1.86% | 219,859 | $125.5M | Reduce -7.4% |
| BKNG Booking Holdings Inc. | 1.85% | 23,353 | $125.1M | Reduce -17.2% |
| NFLX Netflix Inc. | 1.81% | 1,304,137 | $122.3M | Reduce -2.4% |
| ORCL Oracle Corp. | 1.60% | 554,837 | $108.1M | Reduce -9.9% |
| ABT Abbott Laboratories | 1.52% | 821,350 | $102.9M | Reduce -1.4% |
| ADSK Autodesk Inc. | 1.36% | 309,064 | $91.5M | Add +0.8% |
| CDNS Cadence Design SYS Inc. | 1.29% | 278,150 | $86.9M | Add +5.6% |
| NOW ServiceNow Inc. | 0.74% | 326,267 | $50.0M | Add +38.5% |
| PINS Pinterest Inc. Class A | 0.68% | 1,778,687 | $46.1M | Reduce -8.7% |
| IWF iShares Russell 1000 Growth | 0.50% | 70,639 | $33.4M | Add +10242.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.20% | 44,571 | $13.5M | Reduce -12.6% |
| SYK Stryker Corp. | 0.10% | 18,906 | $6.6M | Add +0.9% |
| GRAB Grab Holdings Ltd. Class A | 0.09% | 1,204,929 | $6.0M | Reduce -11.1% |
| HDB HDFC Bank Ltd.-ADR | 0.09% | 160,785 | $5.9M | Reduce -19.0% |
| MELI MercadoLibre Inc. | 0.08% | 2,803 | $5.6M | Reduce -29.4% |
| IBN Icici Bank Ltd.-Spon ADR | 0.08% | 179,445 | $5.3M | Reduce -17.1% |
| ASML ASML Holding NV-NY Reg SHS | 0.05% | 3,083 | $3.3M | Reduce -9.5% |
| SPOT Spotify Technology SA | 0.03% | 3,253 | $1.9M | Add +725.6% |
| SUSA iShares ESG Optimized MSCI U | 0.02% | 8,775 | $1.2M | New |
| SHOP Shopify Inc. Class A | 0.01% | 3,118 | $502K | Add +56.5% |
| BSX Boston Scientific Corp. | 0.01% | 4,724 | $450K | Add +18.8% |
| PLTR Palantir Technologies Inc. Class A | 0.01% | 2,403 | $427K | New |
| INTC Intel Corp. | 0.00% | 8,011 | $296K | New |
| ARM Arm Holdings PLC-ADR | 0.00% | 2,596 | $284K | New |
| KVYO Klaviyo Inc. Class A | 0.00% | 8,130 | $264K | New |
| AVAV Aerovironment Inc. | 0.00% | 1,069 | $259K | New |
| GOOG Alphabet Inc. Class C | 0.00% | 805 | $253K | New |
| HEI Heico Corp. | 0.00% | 766 | $248K | New |
| MDB Mongodb Inc. | 0.00% | 547 | $230K | New |
| ADP Automatic Data Processing | 0.00% | 829 | $213K | Reduce -76.7% |
| PANW Palo Alto Networks Inc. | 0.00% | 1,133 | $209K | Reduce -26.0% |
| S Sentinelone Inc. Class A | 0.00% | 10,288 | $154K | New |
Portfolio Sells Q3 2025 → Q4 2025
| META Meta Platforms Inc. Class A | Reduce -28.8% | 4.77% | −2.40 |
| ORCL Oracle Corp. | Reduce -9.9% | 1.60% | −0.87 |
| UBER Uber Technologies Inc. | Reduce -4.8% | 3.43% | −0.72 |
| ANET Arista Networks Inc. | Reduce -5.1% | 5.40% | −0.69 |
| NFLX Netflix Inc. | Reduce -2.4% | 1.81% | −0.47 |
| MSFT Microsoft Corp. | Reduce -0.3% | 11.80% | −0.39 |
| INTU Intuit Inc. | Reduce -9.4% | 4.14% | −0.39 |
| BKNG Booking Holdings Inc. | Reduce -17.2% | 1.85% | −0.32 |
| PINS Pinterest Inc. Class A | Reduce -8.7% | 0.68% | −0.21 |
| DXCM Dexcom Inc. | Reduce -7.0% | 2.32% | −0.11 |
| MA Mastercard Inc. Class A | Reduce -7.4% | 1.86% | −0.07 |
| ABT Abbott Laboratories | Reduce -1.4% | 1.52% | −0.07 |
| MELI MercadoLibre Inc. | Reduce -29.4% | 0.08% | −0.05 |
| GRAB Grab Holdings Ltd. Class A | Reduce -11.1% | 0.09% | −0.03 |
| ARES Ares Management Corp. Class A | Sold out | 0.00% | −0.02 |
| APO Apollo Global Management Inc. | Sold out | 0.00% | −0.02 |
| WIX Wix.com Ltd. | Sold out | 0.00% | −0.02 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -17.1% | 0.08% | −0.01 |
| ADP Automatic Data Processing | Reduce -76.7% | 0.00% | −0.01 |
| HDB HDFC Bank Ltd.-ADR | Reduce -19.0% | 0.09% | −0.01 |
| BRO Brown & Brown Inc. | Sold out | 0.00% | −0.01 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -12.6% | 0.20% | −0.00 |
| PANW Palo Alto Networks Inc. | Reduce -26.0% | 0.00% | −0.00 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -9.5% | 0.05% | +0.00 |
| V Visa Inc. Class A | Reduce -3.4% | 2.48% | +0.08 |
| NVDA Nvidia Corp. | Reduce -3.0% | 15.26% | +0.11 |
| GE General Electric | Reduce -1.4% | 2.52% | +0.12 |
| HWM Howmet Aerospace Inc. | Reduce -0.5% | 2.65% | +0.20 |
| AMZN Amazon.com Inc. | Reduce -2.4% | 8.08% | +0.51 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +12.3% | 9.06% | +3.03 |
| AVGO Broadcom Inc. | Add +4.9% | 8.60% | +1.08 |
| GEV GE Vernova Inc. | Add +42.9% | 2.74% | +1.01 |
| IWF iShares Russell 1000 Growth | Add +10242.5% | 0.50% | +0.49 |
| RDDT Reddit Inc. Class A | Add +1.4% | 2.74% | +0.14 |
| NOW ServiceNow Inc. | Add +38.5% | 0.74% | +0.12 |
| SPOT Spotify Technology SA | Add +725.6% | 0.03% | +0.02 |
| SUSA iShares ESG Optimized MSCI U | New | 0.02% | +0.02 |
| PLTR Palantir Technologies Inc. Class A | New | 0.01% | +0.01 |
| INTC Intel Corp. | New | 0.00% | +0.00 |
| ARM Arm Holdings PLC-ADR | New | 0.00% | +0.00 |
| KVYO Klaviyo Inc. Class A | New | 0.00% | +0.00 |
| AVAV Aerovironment Inc. | New | 0.00% | +0.00 |
| GOOG Alphabet Inc. Class C | New | 0.00% | +0.00 |
| HEI Heico Corp. | New | 0.00% | +0.00 |
| MDB Mongodb Inc. | New | 0.00% | +0.00 |
| SHOP Shopify Inc. Class A | Add +56.5% | 0.01% | +0.00 |
| S Sentinelone Inc. Class A | New | 0.00% | +0.00 |
| BSX Boston Scientific Corp. | Add +18.8% | 0.01% | +0.00 |
| SYK Stryker Corp. | Add +0.9% | 0.10% | −0.00 |
| CDNS Cadence Design SYS Inc. | Add +5.6% | 1.29% | −0.03 |
| ADSK Autodesk Inc. | Add +0.8% | 1.36% | −0.03 |
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 |