Freemont Management S.A.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 7, 2025), Freemont Management S.A. reported 85 stock positions worth $254.4 million. Its top holding was Nvidia (NVDA) at 6.4% of the portfolio, followed by Apple (AAPL, 4.9%) and Microsoft (MSFT, 3.9%). Compared with Q4 2024, it opened 22 new positions, sold out of 10, added to 16 and reduced 41. The biggest buy was Axon Enterprise (AXON, shares +587%) and the biggest sale an exit from Ferrari (RACE).
- Most Recent 13F
- Q2 2026
- Location
- VAUD, V8
- CIK
- 0001609120
- Portfolio Value
- $254.4M (Q1 2025)
- SEC Filing
- 0001104659-25-045146 ↗ filed May 7, 2025
Holdings Value
Holdings 85 stocks · $254.4M
| NVDA Nvidia Corp. | 6.37% | 149,600 | $16.2M | Add +34.2% |
| AAPL Apple Inc. | 4.92% | 56,400 | $12.5M | Add +2.5% |
| MSFT Microsoft Corp. | 3.88% | 26,300 | $9.9M | Add +47.8% |
| AXON Axon Enterprise Inc. | 3.27% | 15,800 | $8.3M | Add +587.0% |
| META Meta Platforms Inc. Class A | 2.94% | 13,000 | $7.5M | Reduce -9.1% |
| AMZN Amazon.com Inc. | 2.71% | 36,200 | $6.9M | Add +37.1% |
| ELF Elf Beauty Inc. | 2.42% | 98,000 | $6.2M | Add +261.6% |
| ANET Arista Networks Inc. | 2.40% | 78,900 | $6.1M | Add +174.0% |
| TFC Truist Financial Corp. | 2.32% | 143,500 | $5.9M | Add +22.9% |
| MSI Motorola Solutions Inc. | 2.20% | 12,800 | $5.6M | Reduce -8.6% |
| RTX RTX Corp. | 2.18% | 41,900 | $5.6M | Reduce -8.9% |
| ALAB Astera Labs Inc. | 2.15% | 91,500 | $5.5M | New |
| WMB Williams Cos Inc. | 2.14% | 91,200 | $5.5M | New |
| GDXJ Vaneck Junior Gold Miners | 2.02% | 90,000 | $5.1M | No change |
| GOOGL Alphabet Inc. Class A | 1.99% | 32,700 | $5.1M | Reduce -8.9% |
| GDX Vaneck Gold Miners ETF | 1.99% | 110,000 | $5.1M | Reduce -21.4% |
| VRT Vertiv Holdings Co. Class A | 1.73% | 60,800 | $4.4M | Add +43.4% |
| COHR Coherent Corp. | 1.70% | 66,600 | $4.3M | New |
| HUBS HubSpot Inc. | 1.64% | 7,300 | $4.2M | New |
| TRGP Targa Resources Corp. | 1.59% | 20,200 | $4.0M | Reduce -9.0% |
| AVGO Broadcom Inc. | 1.59% | 24,100 | $4.0M | Add +33.9% |
| ANALOG DEVICES INC | 1.59% | 20,000 | $4.0M | New |
| B Barrick Gold Corp. | 1.51% | 197,700 | $3.8M | Reduce -5.0% |
| TTWO Take-Two Interactive Softwre | 1.49% | 18,300 | $3.8M | New |
| NOW ServiceNow Inc. | 1.44% | 4,600 | $3.7M | Add +475.0% |
| JCI Johnson Controls Internation | 1.44% | 45,700 | $3.7M | New |
| HWM Howmet Aerospace Inc. | 1.40% | 27,400 | $3.6M | New |
| LAZ Lazard Inc. | 1.34% | 78,700 | $3.4M | New |
| LNG Cheniere Energy Inc. | 1.33% | 14,600 | $3.4M | Reduce -8.8% |
| ABT Abbott Laboratories | 1.24% | 23,700 | $3.1M | Add +137.0% |
| TER Teradyne Inc. | 1.19% | 36,600 | $3.0M | New |
| CRM Salesforce Inc. | 1.16% | 11,000 | $3.0M | New |
| VRTX Vertex Pharmaceuticals Inc. | 1.11% | 5,800 | $2.8M | Reduce -9.4% |
| STZ Constellation Brands Inc. Class A | 1.09% | 13,700 | $2.8M | Reduce -8.7% |
| TSLA Tesla Inc. | 1.07% | 10,500 | $2.7M | Add +66.7% |
| FLS Flowserve Corp. | 1.05% | 54,800 | $2.7M | Reduce -8.8% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.98% | 45,700 | $2.5M | New |
| FICO Fair Isaac Corp. | 0.94% | 1,300 | $2.4M | Reduce -7.1% |
| CDNS Cadence Design SYS Inc. | 0.91% | 9,100 | $2.3M | Add +89.6% |
| TMO Thermo Fisher Scientific Inc. | 0.88% | 4,500 | $2.2M | Add +181.3% |
| PANW Palo Alto Networks Inc. | 0.87% | 12,900 | $2.2M | Reduce -9.2% |
| WFC Wells Fargo & Co. | 0.80% | 28,400 | $2.0M | Reduce -9.0% |
| MET Metlife Inc. | 0.74% | 23,600 | $1.9M | Add +83.0% |
| BKR Baker Hughes Co. | 0.74% | 42,800 | $1.9M | Reduce -8.9% |
| SPOT Spotify Technology SA | 0.73% | 3,400 | $1.9M | New |
| BSX Boston Scientific Corp. | 0.73% | 18,300 | $1.8M | New |
| TMUS T-Mobile US Inc. | 0.71% | 6,800 | $1.8M | Reduce -9.3% |
| GLNG Golar LNG Ltd. | 0.68% | 45,600 | $1.7M | Reduce -8.8% |
| JPM JPMorgan Chase & Co. | 0.67% | 6,900 | $1.7M | Reduce -9.2% |
| LYV Live Nation Entertainment Inc. | 0.66% | 12,800 | $1.7M | New |
| FCNCA First Citizens Bcshs Class A | 0.66% | 900 | $1.7M | Reduce -10.0% |
| CW Curtiss-Wright Corp. | 0.64% | 5,100 | $1.6M | Reduce -8.9% |
| VST Vistra Corp. | 0.63% | 13,700 | $1.6M | New |
| URA Global X Uranium ETF | 0.63% | 70,000 | $1.6M | No change |
| WMT Walmart Inc. | 0.61% | 17,800 | $1.6M | Reduce -8.7% |
| FN Fabrinet | 0.61% | 7,800 | $1.5M | New |
| AA Alcoa Corp. | 0.60% | 50,000 | $1.5M | No change |
| S Sentinelone Inc. Class A | 0.59% | 82,400 | $1.5M | New |
| SYM Symbotic Inc. | 0.58% | 73,200 | $1.5M | New |
| PGR Progressive Corp. | 0.56% | 5,000 | $1.4M | Reduce -9.1% |
| HPE Hewlett Packard Enterprise | 0.55% | 91,500 | $1.4M | New |
| ABBV Abbvie Inc. | 0.54% | 6,600 | $1.4M | Reduce -8.3% |
| TT Trane Technologies PLC | 0.54% | 4,100 | $1.4M | Reduce -8.9% |
| RCL Royal Caribbean Cruises Ltd. | 0.54% | 6,700 | $1.4M | New |
| WSO Watsco Inc. | 0.54% | 2,700 | $1.4M | Reduce -10.0% |
| AMBA Ambarella Inc. | 0.49% | 24,700 | $1.2M | New |
| PWR Quanta Services Inc. | 0.48% | 4,800 | $1.2M | Reduce -9.4% |
| REMX Vaneck Rar Earth ND STG-Usdi | 0.46% | 29,899 | $1.2M | No change |
| FCX Freeport-McMoran Inc. | 0.45% | 30,000 | $1.1M | No change |
| CCC CCC Intelligent Solutions Ho | 0.42% | 117,100 | $1.1M | Reduce -8.7% |
| BWXT BWX Technologies Inc. | 0.41% | 10,700 | $1.1M | Reduce -9.3% |
| BRBR Bellring Brands Inc. | 0.41% | 14,000 | $1.0M | Reduce -9.1% |
| ACA Arcosa Inc. | 0.41% | 13,500 | $1.0M | Reduce -8.8% |
| AMD Advanced Micro Devices | 0.40% | 10,000 | $1.0M | Reduce -9.1% |
| AVAV Aerovironment Inc. | 0.39% | 8,400 | $1.0M | Reduce -8.7% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.37% | 21,400 | $947K | Reduce -8.9% |
| FISV Fiserv Inc. | 0.30% | 3,500 | $773K | Reduce -10.3% |
| PAAS Pan American Silver Corp. | 0.28% | 27,200 | $703K | Reduce -9.0% |
| MRVL Marvell Technology Inc. | 0.27% | 11,000 | $677K | Reduce -9.1% |
| V Visa Inc. Class A | 0.25% | 1,800 | $631K | Reduce -10.0% |
| INTU Intuit Inc. | 0.24% | 1,000 | $614K | Reduce -9.1% |
| AVTR Avantor Inc. | 0.24% | 37,200 | $603K | Reduce -8.8% |
| EQIX Equinix Inc. | 0.22% | 700 | $571K | Reduce -12.5% |
| ATI Ati Inc. | 0.05% | 2,600 | $135K | Reduce -10.3% |
| BLDP Ballard Power Systems Inc. | 0.01% | 30,000 | $33K | No change |
Options reported separately and not counted above: SEMPRA calls ($15.7M), AERCAP HOLDINGS NV calls ($8.2M), ARISTA NETWORKS INC calls ($7.7M), AUTODESK INC calls ($4.2M), BROADCOM INC calls ($3.7M), E L F BEAUTY INC calls ($3.6M), DEXCOM INC calls ($3.1M), MONGODB INC calls ($1.8M), MASTEC INC calls ($1.8M).
Portfolio Sells Q4 2024 → Q1 2025
| RACE Ferrari NV | Sold out | 0.00% | −6.26 |
| GOOGL Alphabet Inc. Class A | Reduce -8.9% | 1.99% | −1.35 |
| NVR NVR Inc. | Sold out | 0.00% | −1.20 |
| META Meta Platforms Inc. Class A | Reduce -9.1% | 2.94% | −1.17 |
| IR Ingersoll-Rand Inc. | Sold out | 0.00% | −1.11 |
| MSI Motorola Solutions Inc. | Reduce -8.6% | 2.20% | −0.97 |
| DELL Dell Technologies -C | Sold out | 0.00% | −0.91 |
| ILMN Illumina Inc. | Sold out | 0.00% | −0.79 |
| OC Owens Corning | Sold out | 0.00% | −0.75 |
| FTAI Ftai Aviation Ltd. | Sold out | 0.00% | −0.71 |
| FLS Flowserve Corp. | Reduce -8.8% | 1.05% | −0.65 |
| STZ Constellation Brands Inc. Class A | Reduce -8.7% | 1.09% | −0.56 |
| GE General Electric | Sold out | 0.00% | −0.50 |
| RTX RTX Corp. | Reduce -8.9% | 2.18% | −0.43 |
| FICO Fair Isaac Corp. | Reduce -7.1% | 0.94% | −0.43 |
| PANW Palo Alto Networks Inc. | Reduce -9.2% | 0.87% | −0.40 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.40 |
| MRVL Marvell Technology Inc. | Reduce -9.1% | 0.27% | −0.39 |
| FCNCA First Citizens Bcshs Class A | Reduce -10.0% | 0.66% | −0.38 |
| LNG Cheniere Energy Inc. | Reduce -8.8% | 1.33% | −0.36 |
| GLNG Golar LNG Ltd. | Reduce -8.8% | 0.68% | −0.36 |
| TRGP Targa Resources Corp. | Reduce -9.0% | 1.59% | −0.35 |
| GDX Vaneck Gold Miners ETF | Reduce -21.4% | 1.99% | −0.34 |
| PWR Quanta Services Inc. | Reduce -9.4% | 0.48% | −0.34 |
| CW Curtiss-Wright Corp. | Reduce -8.9% | 0.64% | −0.34 |
| P Everpure Inc. Class A | Reduce -8.9% | 0.37% | −0.34 |
| CCC CCC Intelligent Solutions Ho | Reduce -8.7% | 0.42% | −0.32 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.31 |
| AVAV Aerovironment Inc. | Reduce -8.7% | 0.39% | −0.30 |
| ACA Arcosa Inc. | Reduce -8.8% | 0.41% | −0.29 |
| WFC Wells Fargo & Co. | Reduce -9.0% | 0.80% | −0.27 |
| TT Trane Technologies PLC | Reduce -8.9% | 0.54% | −0.27 |
| WMT Walmart Inc. | Reduce -8.7% | 0.61% | −0.25 |
| AMD Advanced Micro Devices | Reduce -9.1% | 0.40% | −0.25 |
| BWXT BWX Technologies Inc. | Reduce -9.3% | 0.41% | −0.23 |
| JPM JPMorgan Chase & Co. | Reduce -9.2% | 0.67% | −0.23 |
| BKR Baker Hughes Co. | Reduce -8.9% | 0.74% | −0.21 |
| AVTR Avantor Inc. | Reduce -8.8% | 0.24% | −0.18 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -9.4% | 1.11% | −0.16 |
| BRBR Bellring Brands Inc. | Reduce -9.1% | 0.41% | −0.16 |
| WSO Watsco Inc. | Reduce -10.0% | 0.54% | −0.16 |
| EQIX Equinix Inc. | Reduce -12.5% | 0.22% | −0.15 |
| TMUS T-Mobile US Inc. | Reduce -9.3% | 0.71% | −0.10 |
| INTU Intuit Inc. | Reduce -9.1% | 0.24% | −0.10 |
| PGR Progressive Corp. | Reduce -9.1% | 0.56% | −0.09 |
| FISV Fiserv Inc. | Reduce -10.3% | 0.30% | −0.09 |
| ABBV Abbvie Inc. | Reduce -8.3% | 0.54% | −0.08 |
| B Barrick Gold Corp. | Reduce -5.0% | 1.51% | −0.07 |
| V Visa Inc. Class A | Reduce -10.0% | 0.25% | −0.06 |
| ATI Ati Inc. | Reduce -10.3% | 0.05% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| AXON Axon Enterprise Inc. | Add +587.0% | 3.27% | +2.60 |
| ALAB Astera Labs Inc. | New | 2.15% | +2.15 |
| WMB Williams Cos Inc. | New | 2.14% | +2.14 |
| COHR Coherent Corp. | New | 1.70% | +1.70 |
| HUBS HubSpot Inc. | New | 1.64% | +1.64 |
| ANALOG DEVICES INC | New | 1.59% | +1.59 |
| TTWO Take-Two Interactive Softwre | New | 1.49% | +1.49 |
| JCI Johnson Controls Internation | New | 1.44% | +1.44 |
| HWM Howmet Aerospace Inc. | New | 1.40% | +1.40 |
| LAZ Lazard Inc. | New | 1.34% | +1.34 |
| TER Teradyne Inc. | New | 1.19% | +1.19 |
| CRM Salesforce Inc. | New | 1.16% | +1.16 |
| NOW ServiceNow Inc. | Add +475.0% | 1.44% | +1.02 |
| TTD Trade Desk Inc./the Class A | New | 0.98% | +0.98 |
| ANET Arista Networks Inc. | Add +174.0% | 2.40% | +0.84 |
| ELF Elf Beauty Inc. | Add +261.6% | 2.42% | +0.75 |
| SPOT Spotify Technology SA | New | 0.73% | +0.73 |
| BSX Boston Scientific Corp. | New | 0.73% | +0.73 |
| ABT Abbott Laboratories | Add +137.0% | 1.24% | +0.68 |
| LYV Live Nation Entertainment Inc. | New | 0.66% | +0.66 |
| VST Vistra Corp. | New | 0.63% | +0.63 |
| FN Fabrinet | New | 0.61% | +0.61 |
| S Sentinelone Inc. Class A | New | 0.59% | +0.59 |
| SYM Symbotic Inc. | New | 0.58% | +0.58 |
| HPE Hewlett Packard Enterprise | New | 0.55% | +0.55 |
| RCL Royal Caribbean Cruises Ltd. | New | 0.54% | +0.54 |
| AMBA Ambarella Inc. | New | 0.49% | +0.49 |
| TMO Thermo Fisher Scientific Inc. | Add +181.3% | 0.88% | +0.47 |
| MET Metlife Inc. | Add +83.0% | 0.74% | +0.23 |
| CDNS Cadence Design SYS Inc. | Add +89.6% | 0.91% | +0.20 |
| MSFT Microsoft Corp. | Add +47.8% | 3.88% | +0.20 |
| AMZN Amazon.com Inc. | Add +37.1% | 2.71% | −0.14 |
| TFC Truist Financial Corp. | Add +22.9% | 2.32% | −0.17 |
| TSLA Tesla Inc. | Add +66.7% | 1.07% | −0.18 |
| AVGO Broadcom Inc. | Add +33.9% | 1.59% | −0.46 |
| VRT Vertiv Holdings Co. Class A | Add +43.4% | 1.73% | −0.64 |
| NVDA Nvidia Corp. | Add +34.2% | 6.37% | −0.98 |
| AAPL Apple Inc. | Add +2.5% | 4.92% | −1.84 |
Options Activity Q4 2024 → Q1 2025
| SEMPRA | call | New | 220,000 | $15.7M |
| AERCAP HOLDINGS NV | call | New | 80,000 | $8.2M |
| ARISTA NETWORKS INC | call | New | 100,000 | $7.7M |
| WILLIAMS COS INC | call | Sold out | 100,000 | $5.4Mbefore exit |
| CHEVRON CORPORATION | call | Sold out | 30,000 | $4.3Mbefore exit |
| BROADCOM INC | call | New | 22,200 | $3.7M |
| E L F BEAUTY INC | call | Add +185.0% | 57,000 | $3.6M |
| DEXCOM INC | call | Reduce -8.6% | 45,700 | $3.1M |
| HUBSPOT INC | call | Sold out | 4,000 | $2.8Mbefore exit |
| MONGODB INC | call | New | 10,000 | $1.8M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Sold out | 1,249 | $62Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 11 | $19.5M | URA, GDXJ, REMX, GDX, FCX |
| Q1 2026 | 119 | $535.3M | NVDA, ANET, GOOGL, AVGO, IQV |
| Q4 2025 | 109 | $507.5M | NVDA, ANET, GOOGL, TER, ALAB |
| Q3 2025 | 92 | $128.2M | NVDA, GDX, GDXJ, ANET, ADSK |
| Q2 2025 | 89 | $607.2M | NVDA, ANET, TEAM, TSLA, AZO |
| Q1 2025 | 85 | $254.4M | NVDA, AAPL, MSFT, AXON, META |
| Q4 2024 | 73 | $203.7M | NVDA, AAPL, RACE, META, MSFT |
| Q3 2024 | 75 | $191.4M | RACE, NVDA, AAPL, META, MSFT |
| Q2 2024 | 75 | $173.0M | AAPL, NVDA, RACE, MSFT, ANET |
| Q1 2024 | 72 | $648.0M | MSFT, ANET, GOOGL, NVDA, META |