Freemont Management S.A.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Freemont Management S.A. reported 92 stock positions worth $128.2 million. Its top holding was Nvidia (NVDA) at 10.3% of the portfolio, followed by Vaneck Gold Miners ETF (GDX, 7.1%) and Vaneck Junior Gold Miners (GDXJ, 6.9%). Compared with Q2 2025, it opened 6 new positions, sold out of 3, added to 3 and reduced 79. The biggest buy was Vaneck Gold Miners ETF (GDX, shares +33%) and the biggest sale an exit from Atlassian Class A (TEAM).
- Most Recent 13F
- Q2 2026
- Location
- VAUD, V8
- CIK
- 0001609120
- Portfolio Value
- $128.2M (Q3 2025)
- SEC Filing
- 0001104659-25-107755 ↗ filed Nov 6, 2025
Holdings Value
Holdings 92 stocks · $128.2M
| NVDA Nvidia Corp. | 10.27% | 70,600 | $13.2M | Reduce -82.1% |
| GDX Vaneck Gold Miners ETF | 7.15% | 120,000 | $9.2M | Add +33.3% |
| GDXJ Vaneck Junior Gold Miners | 6.95% | 90,000 | $8.9M | Reduce -25.0% |
| ANET Arista Networks Inc. | 4.59% | 40,400 | $5.9M | Reduce -88.2% |
| ADSK Autodesk Inc. | 3.72% | 15,000 | $4.8M | New |
| MSFT Microsoft Corp. | 3.55% | 8,800 | $4.6M | Reduce -74.3% |
| AAPL Apple Inc. | 3.42% | 17,200 | $4.4M | Reduce -76.6% |
| B Barrick Mining Corp. | 2.72% | 106,600 | $3.5M | Reduce -53.8% |
| TSLA Tesla Inc. | 2.70% | 7,800 | $3.5M | Reduce -88.2% |
| URA Global X Uranium ETF | 2.60% | 70,000 | $3.3M | No change |
| META Meta Platforms Inc. Class A | 2.29% | 4,000 | $2.9M | Reduce -76.5% |
| ALAB Astera Labs Inc. | 2.15% | 14,100 | $2.8M | Reduce -88.2% |
| AZO AutoZone Inc. | 2.01% | 600 | $2.6M | Reduce -88.5% |
| AA Alcoa Corp. | 1.92% | 75,000 | $2.5M | Add +50.0% |
| AVGO Broadcom Inc. | 1.83% | 7,100 | $2.3M | Reduce -88.3% |
| SEMPRA | 1.82% | 25,900 | $2.3M | New |
| LAZ Lazard Inc. | 1.61% | 39,105 | $2.1M | Reduce -62.0% |
| REMX Vaneck Rar Earth ND STG-Usdi | 1.53% | 29,899 | $2.0M | No change |
| ELF Elf Beauty Inc. | 1.47% | 14,200 | $1.9M | Reduce -88.2% |
| HPE Hewlett Packard Enterprise | 1.40% | 73,100 | $1.8M | Reduce -88.2% |
| ECL Ecolab Inc. | 1.32% | 6,200 | $1.7M | Reduce -88.2% |
| CDNS Cadence Design SYS Inc. | 1.29% | 4,700 | $1.7M | Reduce -88.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.18% | 3,000 | $1.5M | Reduce -88.5% |
| LHX L3HARRIS Technologies Inc. | 1.12% | 4,700 | $1.4M | Reduce -88.3% |
| VRT Vertiv Holdings Co. Class A | 1.11% | 9,400 | $1.4M | Reduce -88.2% |
| HWM Howmet Aerospace Inc. | 1.04% | 6,800 | $1.3M | Reduce -81.0% |
| AMZN Amazon.com Inc. | 0.96% | 5,600 | $1.2M | Reduce -88.2% |
| GOOGL Alphabet Inc. Class A | 0.95% | 5,000 | $1.2M | Reduce -88.3% |
| FCX Freeport-McMoran Inc. | 0.92% | 30,000 | $1.2M | No change |
| MSI Motorola Solutions Inc. | 0.89% | 2,500 | $1.1M | Reduce -88.3% |
| COHR Coherent Corp. | 0.89% | 10,600 | $1.1M | Reduce -88.2% |
| STZ Constellation Brands Inc. Class A | 0.85% | 3,300 | $1.1M | Reduce -88.2% |
| RTX RTX Corp. | 0.83% | 6,400 | $1.1M | Reduce -88.3% |
| TFC Truist Financial Corp. | 0.79% | 22,100 | $1.0M | Reduce -88.2% |
| APH Amphenol Corp. Class A | 0.74% | 7,700 | $953K | Reduce -83.3% |
| FISV Fiserv Inc. | 0.73% | 7,300 | $941K | Reduce -72.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.73% | 2,400 | $940K | Reduce -88.0% |
| HUBS HubSpot Inc. | 0.73% | 2,000 | $936K | Reduce -79.0% |
| KNF Knife River Corp. | 0.71% | 11,800 | $907K | Reduce -88.2% |
| WMB Williams Cos Inc. | 0.69% | 14,000 | $887K | Reduce -88.3% |
| AXON Axon Enterprise Inc. | 0.67% | 1,200 | $861K | Reduce -94.2% |
| MASTEC INC | 0.61% | 3,700 | $787K | Reduce -81.1% |
| AMD Advanced Micro Devices | 0.58% | 4,600 | $744K | Reduce -64.9% |
| TTWO Take-Two Interactive Softwre | 0.56% | 2,800 | $723K | Reduce -88.3% |
| CW Curtiss-Wright Corp. | 0.55% | 1,300 | $706K | Reduce -80.6% |
| AVAV Aerovironment Inc. | 0.52% | 2,100 | $661K | Reduce -80.7% |
| NOW ServiceNow Inc. | 0.50% | 700 | $644K | Reduce -88.3% |
| SYM Symbotic Inc. | 0.47% | 11,200 | $604K | Reduce -88.3% |
| TPR Tapestry Inc. | 0.47% | 5,300 | $600K | New |
| ADI Analog Devices Inc. | 0.46% | 2,400 | $590K | Reduce -88.0% |
| FAST Fastenal Co. | 0.45% | 11,800 | $579K | Reduce -76.4% |
| MLI Mueller Industries Inc. | 0.44% | 5,600 | $566K | New |
| ATI Ati Inc. | 0.42% | 6,700 | $545K | Add +97.1% |
| TRGP Targa Resources Corp. | 0.41% | 3,100 | $519K | Reduce -88.3% |
| ULS Ul Solutions Inc. Class A | 0.40% | 7,300 | $517K | New |
| LNG Cheniere Energy Inc. | 0.40% | 2,200 | $517K | Reduce -88.4% |
| BA The Boeing Co. | 0.39% | 2,300 | $496K | Reduce -88.1% |
| ABT Abbott Laboratories | 0.38% | 3,600 | $482K | Reduce -88.3% |
| FLS Flowserve Corp. | 0.35% | 8,500 | $452K | Reduce -88.1% |
| FN Fabrinet | 0.34% | 1,200 | $438K | Reduce -88.2% |
| MELI MercadoLibre Inc. | 0.34% | 187 | $437K | Reduce -88.3% |
| VST Vistra Corp. | 0.32% | 2,100 | $411K | Reduce -88.3% |
| DXCM Dexcom Inc. | 0.31% | 6,000 | $404K | New |
| TOST Toast Inc. Class A | 0.29% | 10,300 | $376K | Reduce -88.3% |
| WFC Wells Fargo & Co. | 0.29% | 4,400 | $369K | Reduce -88.1% |
| VIK Viking Holdings Ltd. | 0.29% | 5,900 | $367K | Reduce -88.2% |
| RCL Royal Caribbean Cruises Ltd. | 0.28% | 1,100 | $356K | Reduce -87.4% |
| SPOT Spotify Technology SA | 0.27% | 500 | $349K | Reduce -88.9% |
| LYV Live Nation Entertainment Inc. | 0.25% | 2,000 | $327K | Reduce -88.0% |
| BKR Baker Hughes Co. | 0.25% | 6,600 | $322K | Reduce -88.2% |
| JPM JPMorgan Chase & Co. | 0.25% | 1,000 | $315K | Reduce -88.9% |
| MET Metlife Inc. | 0.24% | 3,700 | $305K | Reduce -88.0% |
| BWXT BWX Technologies Inc. | 0.23% | 1,600 | $295K | Reduce -88.5% |
| PWR Quanta Services Inc. | 0.23% | 700 | $290K | Reduce -88.9% |
| WMT Walmart Inc. | 0.23% | 2,800 | $289K | Reduce -87.9% |
| GLNG Golar LNG Ltd. | 0.22% | 7,000 | $283K | Reduce -88.3% |
| BSX Boston Scientific Corp. | 0.21% | 2,800 | $273K | Reduce -88.3% |
| INTU Intuit Inc. | 0.21% | 400 | $273K | Reduce -69.2% |
| TT Trane Technologies PLC | 0.20% | 600 | $253K | Reduce -88.7% |
| TMUS T-Mobile US Inc. | 0.19% | 1,000 | $239K | Reduce -88.8% |
| ABBV Abbvie Inc. | 0.18% | 1,000 | $232K | Reduce -88.4% |
| ACA Arcosa Inc. | 0.15% | 2,100 | $197K | Reduce -88.1% |
| NRG NRG Energy Inc. | 0.15% | 1,195 | $194K | Reduce -88.2% |
| FCNCA First Citizens Bcshs Class A | 0.14% | 100 | $179K | Reduce -91.7% |
| PGR Progressive Corp. | 0.13% | 700 | $173K | Reduce -89.2% |
| PAAS Pan American Silver Corp. | 0.13% | 4,200 | $163K | Reduce -88.2% |
| WSO Watsco Inc. | 0.13% | 400 | $162K | Reduce -88.9% |
| MRVL Marvell Technology Inc. | 0.11% | 1,700 | $143K | Reduce -88.2% |
| V Visa Inc. Class A | 0.08% | 300 | $102K | Reduce -87.5% |
| BLDP Ballard Power Systems Inc. | 0.06% | 30,000 | $82K | No change |
| EQIX Equinix Inc. | 0.06% | 100 | $78K | Reduce -90.0% |
| FTAI Ftai Aviation Ltd. | 0.03% | 200 | $33K | Reduce -88.2% |
Options reported separately and not counted above: ASML HLDG NV calls ($21.3M), ATLASSIAN CORPORATION calls ($8.8M), IQVIA HLDGS INC calls ($5.7M), BRUNSWICK CORP calls ($5.7M), ANET calls ($5.0M), NVDA calls ($4.5M), CDNS calls ($4.2M), WAT calls ($4.2M), LEN calls ($3.8M), BELLRING BRANDS INC calls ($2.2M), VRTX calls ($2.0M), FAST calls ($2.0M), and 2 more.
Portfolio Sells Q2 2025 → Q3 2025
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −3.52 |
| AXON Axon Enterprise Inc. | Reduce -94.2% | 0.67% | −2.15 |
| FICO Fair Isaac Corp. | Sold out | 0.00% | −2.02 |
| ANET Arista Networks Inc. | Reduce -88.2% | 4.59% | −1.19 |
| AZO AutoZone Inc. | Reduce -88.5% | 2.01% | −1.17 |
| ECL Ecolab Inc. | Reduce -88.2% | 1.32% | −1.00 |
| ELF Elf Beauty Inc. | Reduce -88.2% | 1.47% | −0.99 |
| AVGO Broadcom Inc. | Reduce -88.3% | 1.83% | −0.92 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -88.5% | 1.18% | −0.91 |
| AMZN Amazon.com Inc. | Reduce -88.2% | 0.96% | −0.75 |
| TSLA Tesla Inc. | Reduce -88.2% | 2.70% | −0.74 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -88.0% | 0.73% | −0.73 |
| CDNS Cadence Design SYS Inc. | Reduce -88.0% | 1.29% | −0.70 |
| HPE Hewlett Packard Enterprise | Reduce -88.2% | 1.40% | −0.69 |
| STZ Constellation Brands Inc. Class A | Reduce -88.2% | 0.85% | −0.64 |
| KNF Knife River Corp. | Reduce -88.2% | 0.71% | −0.64 |
| MSI Motorola Solutions Inc. | Reduce -88.3% | 0.89% | −0.59 |
| VRT Vertiv Holdings Co. Class A | Reduce -88.2% | 1.11% | −0.57 |
| WMB Williams Cos Inc. | Reduce -88.3% | 0.69% | −0.54 |
| TFC Truist Financial Corp. | Reduce -88.2% | 0.79% | −0.54 |
| LHX L3HARRIS Technologies Inc. | Reduce -88.3% | 1.12% | −0.53 |
| NOW ServiceNow Inc. | Reduce -88.3% | 0.50% | −0.51 |
| RTX RTX Corp. | Reduce -88.3% | 0.83% | −0.48 |
| COHR Coherent Corp. | Reduce -88.2% | 0.89% | −0.43 |
| TTWO Take-Two Interactive Softwre | Reduce -88.3% | 0.56% | −0.39 |
| LNG Cheniere Energy Inc. | Reduce -88.4% | 0.40% | −0.36 |
| TRGP Targa Resources Corp. | Reduce -88.3% | 0.41% | −0.35 |
| TOST Toast Inc. Class A | Reduce -88.3% | 0.29% | −0.35 |
| MELI MercadoLibre Inc. | Reduce -88.3% | 0.34% | −0.35 |
| AMBA Ambarella Inc. | Sold out | 0.00% | −0.34 |
| ADI Analog Devices Inc. | Reduce -88.0% | 0.46% | −0.32 |
| ABT Abbott Laboratories | Reduce -88.3% | 0.38% | −0.32 |
| SPOT Spotify Technology SA | Reduce -88.9% | 0.27% | −0.30 |
| GOOGL Alphabet Inc. Class A | Reduce -88.3% | 0.95% | −0.29 |
| BA The Boeing Co. | Reduce -88.1% | 0.39% | −0.28 |
| FLS Flowserve Corp. | Reduce -88.1% | 0.35% | −0.26 |
| VST Vistra Corp. | Reduce -88.3% | 0.32% | −0.25 |
| FCNCA First Citizens Bcshs Class A | Reduce -91.7% | 0.14% | −0.25 |
| BSX Boston Scientific Corp. | Reduce -88.3% | 0.21% | −0.21 |
| WFC Wells Fargo & Co. | Reduce -88.1% | 0.29% | −0.20 |
| TT Trane Technologies PLC | Reduce -88.7% | 0.20% | −0.18 |
| JPM JPMorgan Chase & Co. | Reduce -88.9% | 0.25% | −0.18 |
| GLNG Golar LNG Ltd. | Reduce -88.3% | 0.22% | −0.18 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -87.4% | 0.28% | −0.17 |
| MET Metlife Inc. | Reduce -88.0% | 0.24% | −0.17 |
| PWR Quanta Services Inc. | Reduce -88.9% | 0.23% | −0.17 |
| TMUS T-Mobile US Inc. | Reduce -88.8% | 0.19% | −0.16 |
| LYV Live Nation Entertainment Inc. | Reduce -88.0% | 0.25% | −0.16 |
| FN Fabrinet | Reduce -88.2% | 0.34% | −0.15 |
| VIK Viking Holdings Ltd. | Reduce -88.2% | 0.29% | −0.15 |
Portfolio Buys Q2 2025 → Q3 2025
| GDX Vaneck Gold Miners ETF | Add +33.3% | 7.15% | +6.15 |
| ADSK Autodesk Inc. | New | 3.72% | +3.72 |
| SEMPRA | New | 1.82% | +1.82 |
| AA Alcoa Corp. | Add +50.0% | 1.92% | +1.68 |
| TPR Tapestry Inc. | New | 0.47% | +0.47 |
| MLI Mueller Industries Inc. | New | 0.44% | +0.44 |
| ULS Ul Solutions Inc. Class A | New | 0.40% | +0.40 |
| ATI Ati Inc. | Add +97.1% | 0.42% | +0.38 |
| DXCM Dexcom Inc. | New | 0.31% | +0.31 |
Options Activity Q2 2025 → Q3 2025
| ASML HLDG NV | call | New | 22,000 | $21.3M |
| CHEVRON CORPORATION | call | Sold out | 140,000 | $20.0Mbefore exit |
| SEMPRA | call | Sold out | 220,000 | $16.7Mbefore exit |
| HESS CORP | call | Sold out | 64,000 | $8.9Mbefore exit |
| ATLASSIAN CORPORATION | call | New | 55,000 | $8.8M |
| MP MATERIALS CORP | put | Sold out | 150,000 | $5.0Mbefore exit |
| ANET Arista Networks Inc. | call | New | 34,000 | $5.0M |
| NVDA Nvidia Corp. | call | New | 24,000 | $4.5M |
| CDNS Cadence Design SYS Inc. | call | New | 12,000 | $4.2M |
| WAT Waters Corp. | call | New | 14,000 | $4.2M |
| LEN Lennar Corp. Class A | call | New | 30,000 | $3.8M |
| BELLRING BRANDS INC | call | New | 60,000 | $2.2M |
| VRTX Vertex Pharmaceuticals Inc. | call | New | 5,200 | $2.0M |
| FAST Fastenal Co. | call | New | 40,000 | $2.0M |
| UNITEDHEALTH GROUP INC | call | New | 4,000 | $1.4M |
| HUBS HubSpot Inc. | call | New | 2,400 | $1.1M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings 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 |