Freemont Management S.A.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), Freemont Management S.A. reported 73 stock positions worth $203.7 million. Its top holding was Nvidia (NVDA) at 7.4% of the portfolio, followed by Apple (AAPL, 6.8%) and Ferrari (RACE, 6.3%). Compared with Q3 2024, it opened 4 new positions, sold out of 6 and added to 5. The biggest buy was Elf Beauty (ELF, shares +282%) and the biggest sale an exit from Marathon Petroleum (MPC).

Most Recent 13F
Q2 2026
Location
VAUD, V8
CIK
0001609120
Portfolio Value
$203.7M (Q4 2024)
SEC Filing
0001104659-25-010994 ↗ filed Feb 10, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $648.0M Q1 2024 Q2 2024: $173.0M Q2 2024 Q3 2024: $191.4M Q3 2024 Q4 2024: $203.7M $203.7M Q4 2024 Q1 2025: $254.4M Q1 2025 Q2 2025: $607.2M Q2 2025 Q3 2025: $128.2M Q3 2025 Q4 2025: $507.5M Q4 2025 Q1 2026: $535.3M Q1 2026 Q2 2026: $19.5M Q2 2026

Holdings 73 stocks · $203.7M
NVDA Nvidia Corp. 7.35% 111,500 $15.0M No change
AAPL Apple Inc. 6.76% 55,000 $13.8M No change
RACE Ferrari NV 6.26% 30,000 $12.7M No change
META Meta Platforms Inc. Class A 4.11% 14,300 $8.4M No change
MSFT Microsoft Corp. 3.68% 17,800 $7.5M No change
GOOGL Alphabet Inc. Class A 3.34% 35,900 $6.8M No change
MSI Motorola Solutions Inc. 3.18% 14,000 $6.5M No change
AMZN Amazon.com Inc. 2.84% 26,400 $5.8M No change
RTX RTX Corp. 2.61% 46,000 $5.3M No change
TFC Truist Financial Corp. 2.49% 116,800 $5.1M Add +100.0%
VRT Vertiv Holdings Co. Class A 2.37% 42,400 $4.8M No change
GDX Vaneck Gold Miners ETF 2.33% 140,000 $4.7M No change
AVGO Broadcom Inc. 2.05% 18,000 $4.2M No change
TRGP Targa Resources Corp. 1.95% 22,200 $4.0M No change
GDXJ Vaneck Junior Gold Miners 1.89% 90,000 $3.8M Add +50.0%
FLS Flowserve Corp. 1.70% 60,100 $3.5M No change
LNG Cheniere Energy Inc. 1.69% 16,000 $3.4M No change
ELF Elf Beauty Inc. 1.67% 27,100 $3.4M Add +281.7%
STZ Constellation Brands Inc. Class A 1.65% 15,000 $3.4M No change
B Barrick Gold Corp. 1.58% 208,100 $3.2M No change
ANET Arista Networks Inc. 1.56% 28,800 $3.2M No change
FICO Fair Isaac Corp. 1.37% 1,400 $2.8M Add +100.0%
PANW Palo Alto Networks Inc. 1.27% 14,200 $2.6M No change
VRTX Vertex Pharmaceuticals Inc. 1.27% 6,400 $2.6M No change
TSLA Tesla Inc. 1.25% 6,300 $2.5M No change
NVR NVR Inc. 1.20% 300 $2.5M New
IR Ingersoll-Rand Inc. 1.11% 25,100 $2.3M No change
WFC Wells Fargo & Co. 1.08% 31,200 $2.2M No change
GLNG Golar LNG Ltd. 1.04% 50,000 $2.1M No change
FCNCA First Citizens Bcshs Class A 1.04% 1,000 $2.1M No change
CW Curtiss-Wright Corp. 0.98% 5,600 $2.0M No change
BKR Baker Hughes Co. 0.95% 47,000 $1.9M No change
AA Alcoa Corp. 0.93% 50,000 $1.9M No change
URA Global X Uranium ETF 0.92% 70,000 $1.9M No change
DELL Dell Technologies -C 0.91% 16,000 $1.8M New
JPM JPMorgan Chase & Co. 0.89% 7,600 $1.8M No change
WMT Walmart Inc. 0.86% 19,500 $1.8M No change
PWR Quanta Services Inc. 0.82% 5,300 $1.7M No change
TT Trane Technologies PLC 0.82% 4,500 $1.7M No change
TMUS T-Mobile US Inc. 0.81% 7,500 $1.7M No change
ILMN Illumina Inc. 0.79% 12,000 $1.6M No change
OC Owens Corning 0.75% 9,000 $1.5M No change
CCC CCC Intelligent Solutions Ho 0.74% 128,300 $1.5M No change
P Everpure Inc. Class A filed as PURE STORAGE INC 0.71% 23,500 $1.4M No change
CDNS Cadence Design SYS Inc. 0.71% 4,800 $1.4M No change
FTAI Ftai Aviation Ltd. 0.71% 10,000 $1.4M New
ACA Arcosa Inc. 0.70% 14,800 $1.4M No change
WSO Watsco Inc. 0.70% 3,000 $1.4M No change
AVAV Aerovironment Inc. 0.70% 9,200 $1.4M No change
AXON Axon Enterprise Inc. 0.67% 2,300 $1.4M New
MRVL Marvell Technology Inc. 0.66% 12,100 $1.3M No change
AMD Advanced Micro Devices 0.65% 11,000 $1.3M No change
PGR Progressive Corp. 0.65% 5,500 $1.3M No change
BWXT BWX Technologies Inc. 0.65% 11,800 $1.3M No change
ABBV Abbvie Inc. 0.63% 7,200 $1.3M No change
REMX Vaneck Rar Earth ND STG-Usdi 0.57% 29,899 $1.2M No change
BRBR Bellring Brands Inc. 0.57% 15,400 $1.2M No change
FCX Freeport-McMoran Inc. 0.56% 30,000 $1.1M Add +50.0%
ABT Abbott Laboratories 0.56% 10,000 $1.1M No change
MET Metlife Inc. 0.52% 12,900 $1.1M No change
GE General Electric filed as GE AEROSPACE 0.50% 6,100 $1.0M No change
AVTR Avantor Inc. 0.42% 40,800 $860K No change
NOW ServiceNow Inc. 0.42% 800 $848K No change
TMO Thermo Fisher Scientific Inc. 0.41% 1,600 $832K No change
MRK Merck & Co. Inc. 0.40% 8,100 $806K No change
FISV Fiserv Inc. 0.39% 3,900 $801K No change
EQIX Equinix Inc. 0.37% 800 $754K No change
INTU Intuit Inc. 0.34% 1,100 $691K No change
V Visa Inc. Class A 0.31% 2,000 $632K No change
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.31% 8,400 $630K No change
PAAS Pan American Silver Corp. 0.30% 29,900 $605K No change
ATI Ati Inc. 0.08% 2,900 $160K No change
BLDP Ballard Power Systems Inc. 0.02% 30,000 $50K No change

Options reported separately and not counted above: WILLIAMS COS INC calls ($5.4M), AUTODESK INC calls ($4.7M), CHEVRON CORPORATION calls ($4.3M), DEXCOM INC calls ($3.9M), HUBSPOT INC calls ($2.8M), E L F BEAUTY INC calls ($2.5M), MASTEC INC calls ($2.0M).

Other holdings (1): bonds, preferreds, convertibles and warrants · $62K (not counted above)
SecurityClassShares / PrincipalValueChange
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 1,249$62KNo change

Total filed on the 13F, all lines: $203.7M.

Portfolio Sells Q3 2024 → Q4 2024
MPC Marathon Petroleum Corp. Sold out 0.00% −1.44
ALC Alcon Inc. Sold out 0.00% −1.05
DHI D.R. Horton Inc. Sold out 0.00% −0.80
AER Aercap Holdings NV Sold out 0.00% −0.78
ALTM Arcadium Lithium PLC Sold out 0.00% −0.11
PLUG Plug Power Inc. Sold out 0.00% −0.06

Portfolio Buys Q3 2024 → Q4 2024
ELF Elf Beauty Inc. Add +281.7% 1.67% +1.27
NVR NVR Inc. New 1.20% +1.20
TFC Truist Financial Corp. Add +100.0% 2.49% +1.18
DELL Dell Technologies -C New 0.91% +0.91
FTAI Ftai Aviation Ltd. New 0.71% +0.71
AXON Axon Enterprise Inc. New 0.67% +0.67
FICO Fair Isaac Corp. Add +100.0% 1.37% +0.66
GDXJ Vaneck Junior Gold Miners Add +50.0% 1.89% +0.36
FCX Freeport-McMoran Inc. Add +50.0% 0.56% +0.04

Options Activity Q3 2024 → Q4 2024
AUTODESK INC call New 16,000 $4.7M
CHEVRON CORPORATION call New 30,000 $4.3M
LAUDER ESTEE COS INC call Sold out 40,000 $4.0Mbefore exit
DEXCOM INC call New 50,000 $3.9M
HUBSPOT INC call New 4,000 $2.8M
E L F BEAUTY INC call Reduce -50.0% 20,000 $2.5M
MASTEC INC call New 15,000 $2.0M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 11$19.5MURA, GDXJ, REMX, GDX, FCX
Q1 2026 119$535.3MNVDA, ANET, GOOGL, AVGO, IQV
Q4 2025 109$507.5MNVDA, ANET, GOOGL, TER, ALAB
Q3 2025 92$128.2MNVDA, GDX, GDXJ, ANET, ADSK
Q2 2025 89$607.2MNVDA, ANET, TEAM, TSLA, AZO
Q1 2025 85$254.4MNVDA, AAPL, MSFT, AXON, META
Q4 2024 73$203.7MNVDA, AAPL, RACE, META, MSFT
Q3 2024 75$191.4MRACE, NVDA, AAPL, META, MSFT
Q2 2024 75$173.0MAAPL, NVDA, RACE, MSFT, ANET
Q1 2024 72$648.0MMSFT, ANET, GOOGL, NVDA, META