Freemont Management S.A.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 5, 2026), Freemont Management S.A. reported 109 stock positions worth $507.5 million. Its top holding was Nvidia (NVDA) at 7.6% of the portfolio, followed by Arista Networks (ANET, 7.3%) and Alphabet Class A (GOOGL, 4.6%). Compared with Q3 2025, it opened 23 new positions, sold out of 6, added to 78 and reduced 4. The biggest buy was a new position in Teradyne (TER) and the biggest sale Vaneck Gold Miners ETF (GDX, shares −50%).
- Most Recent 13F
- Q2 2026
- Location
- VAUD, V8
- CIK
- 0001609120
- Portfolio Value
- $507.5M (Q4 2025)
- SEC Filing
- 0001104659-26-010417 ↗ filed Feb 5, 2026
Holdings Value
Holdings 109 stocks · $507.5M
| NVDA Nvidia Corp. | 7.64% | 208,000 | $38.8M | Add +194.6% |
| ANET Arista Networks Inc. | 7.29% | 282,300 | $37.0M | Add +598.8% |
| GOOGL Alphabet Inc. Class A | 4.58% | 74,300 | $23.3M | Add +1386.0% |
| TER Teradyne Inc. | 4.04% | 106,000 | $20.5M | New |
| ALAB Astera Labs Inc. | 3.67% | 111,900 | $18.6M | Add +693.6% |
| AVGO Broadcom Inc. | 3.48% | 51,100 | $17.7M | Add +619.7% |
| WAT Waters Corp. | 3.11% | 41,600 | $15.8M | New |
| CDNS Cadence Design SYS Inc. | 3.08% | 50,000 | $15.6M | Add +963.8% |
| AAPL Apple Inc. | 2.74% | 51,100 | $13.9M | Add +197.1% |
| ADSK Autodesk Inc. | 2.60% | 44,600 | $13.2M | Add +197.3% |
| MSFT Microsoft Corp. | 2.49% | 26,100 | $12.6M | Add +196.6% |
| FN Fabrinet | 2.39% | 26,600 | $12.1M | Add +2116.7% |
| WPM Wheaton Precious Metals Corp. | 2.08% | 90,000 | $10.6M | New |
| TSLA Tesla Inc. | 2.06% | 23,200 | $10.4M | Add +197.4% |
| GEV GE Vernova Inc. | 1.93% | 15,000 | $9.8M | New |
| MTSI Macom Technology Solutions H | 1.92% | 57,000 | $9.8M | New |
| META Meta Platforms Inc. Class A | 1.55% | 11,900 | $7.9M | Add +197.5% |
| SEMPRA | 1.34% | 77,000 | $6.8M | Add +197.3% |
| ELF Elf Beauty Inc. | 1.31% | 87,200 | $6.6M | Add +514.1% |
| AZO AutoZone Inc. | 1.20% | 1,800 | $6.1M | Add +200.0% |
| LDOS Leidos Holdings Inc. | 1.16% | 32,700 | $5.9M | New |
| COHR Coherent Corp. | 1.15% | 31,500 | $5.8M | Add +197.2% |
| LAZ Lazard Inc. | 1.11% | 116,205 | $5.6M | Add +197.2% |
| HPE Hewlett Packard Enterprise | 1.03% | 217,200 | $5.2M | Add +197.1% |
| BRBR Bellring Brands Inc. | 1.02% | 193,200 | $5.2M | New |
| GDX Vaneck Gold Miners ETF | 1.01% | 60,000 | $5.1M | Reduce -50.0% |
| REGN Regeneron Pharmaceuticals | 1.00% | 6,600 | $5.1M | New |
| ECL Ecolab Inc. | 0.95% | 18,400 | $4.8M | Add +196.8% |
| CELH Celsius Holdings Inc. | 0.90% | 99,800 | $4.6M | New |
| GDXJ Vaneck Junior Gold Miners | 0.90% | 40,000 | $4.6M | Reduce -55.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.88% | 8,900 | $4.5M | Add +196.7% |
| HWM Howmet Aerospace Inc. | 0.82% | 20,200 | $4.1M | Add +197.1% |
| LHX L3HARRIS Technologies Inc. | 0.81% | 14,000 | $4.1M | Add +197.9% |
| TTE Totalenergies SE | 0.77% | 60,000 | $3.9M | New |
| AMZN Amazon.com Inc. | 0.76% | 16,600 | $3.8M | Add +196.4% |
| FAST Fastenal Co. | 0.75% | 94,500 | $3.8M | Add +700.9% |
| RTX RTX Corp. | 0.69% | 19,000 | $3.5M | Add +196.9% |
| CEG Constellation Energy | 0.68% | 9,800 | $3.5M | New |
| VRTX Vertex Pharmaceuticals Inc. | 0.64% | 7,200 | $3.3M | Add +200.0% |
| TFC Truist Financial Corp. | 0.64% | 65,700 | $3.2M | Add +197.3% |
| APH Amphenol Corp. Class A | 0.61% | 22,900 | $3.1M | Add +197.4% |
| URA Global X Uranium ETF | 0.59% | 70,000 | $3.0M | No change |
| AMD Advanced Micro Devices | 0.58% | 13,700 | $2.9M | Add +197.8% |
| ESE Esco Technologies Inc. | 0.57% | 14,900 | $2.9M | New |
| HUBS HubSpot Inc. | 0.57% | 7,200 | $2.9M | Add +260.0% |
| MSI Motorola Solutions Inc. | 0.57% | 7,500 | $2.9M | Add +200.0% |
| CMG Chipotle Mexican Grill Inc. | 0.56% | 77,200 | $2.9M | New |
| ISRG Intuitive Surgical Inc. | 0.56% | 5,000 | $2.8M | New |
| AMBA Ambarella Inc. | 0.54% | 38,589 | $2.7M | New |
| AA Alcoa Corp. | 0.52% | 50,000 | $2.7M | Reduce -33.3% |
| ABBV Abbvie Inc. | 0.51% | 11,300 | $2.6M | Add +1030.0% |
| PINS Pinterest Inc. Class A | 0.50% | 98,100 | $2.5M | New |
| WMB Williams Cos Inc. | 0.49% | 41,600 | $2.5M | Add +197.1% |
| MTZ Mastec Inc. | 0.47% | 11,000 | $2.4M | New |
| ATI Ati Inc. | 0.45% | 19,900 | $2.3M | Add +197.0% |
| KTOS Kratos Defense & Security | 0.44% | 29,700 | $2.3M | New |
| REMX Vaneck Rar Earth ND STG-Usdi | 0.44% | 29,899 | $2.2M | No change |
| CW Curtiss-Wright Corp. | 0.42% | 3,900 | $2.1M | Add +200.0% |
| B Barrick Mining Corp. | 0.42% | 49,300 | $2.1M | Reduce -53.8% |
| ACA Arcosa Inc. | 0.42% | 20,000 | $2.1M | Add +852.4% |
| TTWO Take-Two Interactive Softwre | 0.42% | 8,300 | $2.1M | Add +196.4% |
| AXON Axon Enterprise Inc. | 0.40% | 3,600 | $2.0M | Add +200.0% |
| TPR Tapestry Inc. | 0.40% | 15,700 | $2.0M | Add +196.2% |
| SYM Symbotic Inc. | 0.39% | 33,300 | $2.0M | Add +197.3% |
| ADI Analog Devices Inc. | 0.38% | 7,200 | $2.0M | Add +200.0% |
| FCNCA First Citizens Bcshs Class A | 0.38% | 900 | $1.9M | Add +800.0% |
| MLI Mueller Industries Inc. | 0.38% | 16,600 | $1.9M | Add +196.4% |
| FLS Flowserve Corp. | 0.34% | 25,200 | $1.7M | Add +196.5% |
| ULS Ul Solutions Inc. Class A | 0.34% | 21,700 | $1.7M | Add +197.3% |
| TRGP Targa Resources Corp. | 0.33% | 9,200 | $1.7M | Add +196.8% |
| GTLB Gitlab Inc. Class A | 0.33% | 45,000 | $1.7M | New |
| NOW ServiceNow Inc. | 0.32% | 10,500 | $1.6M | Add +200.0% |
| SPXC SPX Technologies Inc. | 0.32% | 8,000 | $1.6M | New |
| GLW Corning Inc. | 0.31% | 17,800 | $1.6M | New |
| LEN Lennar Corp. Class A | 0.30% | 15,000 | $1.5M | New |
| AVAV Aerovironment Inc. | 0.30% | 6,300 | $1.5M | Add +200.0% |
| FCX Freeport-McMoran Inc. | 0.30% | 30,000 | $1.5M | No change |
| BA The Boeing Co. | 0.30% | 6,900 | $1.5M | Add +200.0% |
| EME Emcor Group Inc. | 0.29% | 2,400 | $1.5M | New |
| FISV Fiserv Inc. | 0.29% | 21,700 | $1.5M | Add +197.3% |
| ABT Abbott Laboratories | 0.26% | 10,700 | $1.3M | Add +197.2% |
| LNG Cheniere Energy Inc. | 0.25% | 6,600 | $1.3M | Add +200.0% |
| VIK Viking Holdings Ltd. | 0.25% | 17,500 | $1.2M | Add +196.6% |
| WFC Wells Fargo & Co. | 0.24% | 13,100 | $1.2M | Add +197.7% |
| DXCM Dexcom Inc. | 0.23% | 17,800 | $1.2M | Add +196.7% |
| MELI MercadoLibre Inc. | 0.22% | 555 | $1.1M | Add +196.8% |
| TOST Toast Inc. Class A | 0.21% | 30,600 | $1.1M | Add +197.1% |
| VST Vistra Corp. | 0.20% | 6,300 | $1.0M | Add +200.0% |
| JPM JPMorgan Chase & Co. | 0.19% | 3,000 | $967K | Add +200.0% |
| WMT Walmart Inc. | 0.18% | 8,300 | $925K | Add +196.4% |
| RCL Royal Caribbean Cruises Ltd. | 0.18% | 3,300 | $920K | Add +200.0% |
| BKR Baker Hughes Co. | 0.18% | 19,600 | $893K | Add +197.0% |
| PWR Quanta Services Inc. | 0.17% | 2,100 | $886K | Add +200.0% |
| SPOT Spotify Technology SA | 0.17% | 1,500 | $871K | Add +200.0% |
| MET Metlife Inc. | 0.17% | 11,000 | $868K | Add +197.3% |
| LYV Live Nation Entertainment Inc. | 0.17% | 6,000 | $855K | Add +200.0% |
| BWXT BWX Technologies Inc. | 0.16% | 4,800 | $830K | Add +200.0% |
| INTU Intuit Inc. | 0.16% | 1,200 | $795K | Add +200.0% |
| BSX Boston Scientific Corp. | 0.16% | 8,300 | $791K | Add +196.4% |
| GLNG Golar LNG Ltd. | 0.15% | 20,800 | $774K | Add +197.1% |
Options reported separately and not counted above: IQVIA HLDGS INC calls ($20.1M), ASML HLDG NV calls ($6.4M), TAPESTRY INC calls ($5.7M), HUBS calls ($4.8M), JABIL INC calls ($4.6M), L3HARRIS TECHNOLOGIES INC calls ($4.4M), CHIPMOS TECHNOLOGIES INC calls ($4.1M), ARISTA NETWORKS INC calls ($3.9M), CELSIUS HLDGS INC calls ($3.7M), E L F BEAUTY INC calls ($3.4M), FISERV INC calls ($2.7M), BELLRING BRANDS INC calls ($1.6M).
Portfolio Sells Q3 2025 → Q4 2025
| GDX Vaneck Gold Miners ETF | Reduce -50.0% | 1.01% | −6.13 |
| GDXJ Vaneck Junior Gold Miners | Reduce -55.6% | 0.90% | −6.05 |
| B Barrick Mining Corp. | Reduce -53.8% | 0.42% | −2.30 |
| AA Alcoa Corp. | Reduce -33.3% | 0.52% | −1.40 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −1.11 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.85 |
| KNF Knife River Corp. | Sold out | 0.00% | −0.71 |
| MASTEC INC | Sold out | 0.00% | −0.61 |
| NRG NRG Energy Inc. | Sold out | 0.00% | −0.15 |
| FTAI Ftai Aviation Ltd. | Sold out | 0.00% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| TER Teradyne Inc. | New | 4.04% | +4.04 |
| GOOGL Alphabet Inc. Class A | Add +1386.0% | 4.58% | +3.63 |
| WAT Waters Corp. | New | 3.11% | +3.11 |
| ANET Arista Networks Inc. | Add +598.8% | 7.29% | +2.70 |
| WPM Wheaton Precious Metals Corp. | New | 2.08% | +2.08 |
| FN Fabrinet | Add +2116.7% | 2.39% | +2.05 |
| GEV GE Vernova Inc. | New | 1.93% | +1.93 |
| MTSI Macom Technology Solutions H | New | 1.92% | +1.92 |
| CDNS Cadence Design SYS Inc. | Add +963.8% | 3.08% | +1.79 |
| AVGO Broadcom Inc. | Add +619.7% | 3.48% | +1.66 |
| ALAB Astera Labs Inc. | Add +693.6% | 3.67% | +1.52 |
| LDOS Leidos Holdings Inc. | New | 1.16% | +1.16 |
| BRBR Bellring Brands Inc. | New | 1.02% | +1.02 |
| REGN Regeneron Pharmaceuticals | New | 1.00% | +1.00 |
| CELH Celsius Holdings Inc. | New | 0.90% | +0.90 |
| TTE Totalenergies SE | New | 0.77% | +0.77 |
| CEG Constellation Energy | New | 0.68% | +0.68 |
| ESE Esco Technologies Inc. | New | 0.57% | +0.57 |
| CMG Chipotle Mexican Grill Inc. | New | 0.56% | +0.56 |
| ISRG Intuitive Surgical Inc. | New | 0.56% | +0.56 |
| AMBA Ambarella Inc. | New | 0.54% | +0.54 |
| PINS Pinterest Inc. Class A | New | 0.50% | +0.50 |
| MTZ Mastec Inc. | New | 0.47% | +0.47 |
| KTOS Kratos Defense & Security | New | 0.44% | +0.44 |
| GTLB Gitlab Inc. Class A | New | 0.33% | +0.33 |
| ABBV Abbvie Inc. | Add +1030.0% | 0.51% | +0.33 |
| SPXC SPX Technologies Inc. | New | 0.32% | +0.32 |
| GLW Corning Inc. | New | 0.31% | +0.31 |
| LEN Lennar Corp. Class A | New | 0.30% | +0.30 |
| FAST Fastenal Co. | Add +700.9% | 0.75% | +0.30 |
| EME Emcor Group Inc. | New | 0.29% | +0.29 |
| ACA Arcosa Inc. | Add +852.4% | 0.42% | +0.27 |
| COHR Coherent Corp. | Add +197.2% | 1.15% | +0.26 |
| FCNCA First Citizens Bcshs Class A | Add +800.0% | 0.38% | +0.24 |
| EQIX Equinix Inc. | Add +800.0% | 0.14% | +0.07 |
| ATI Ati Inc. | Add +197.0% | 0.45% | +0.03 |
| PAAS Pan American Silver Corp. | Add +197.6% | 0.13% | +0.00 |
| AMD Advanced Micro Devices | Add +197.8% | 0.58% | −0.00 |
| FLS Flowserve Corp. | Add +196.5% | 0.34% | −0.01 |
| V Visa Inc. Class A | Add +200.0% | 0.06% | −0.02 |
| MRVL Marvell Technology Inc. | Add +200.0% | 0.09% | −0.03 |
| VIK Viking Holdings Ltd. | Add +196.6% | 0.25% | −0.04 |
| PGR Progressive Corp. | Add +200.0% | 0.09% | −0.04 |
| WMT Walmart Inc. | Add +196.4% | 0.18% | −0.04 |
| WSO Watsco Inc. | Add +200.0% | 0.08% | −0.05 |
| WFC Wells Fargo & Co. | Add +197.7% | 0.24% | −0.05 |
| PWR Quanta Services Inc. | Add +200.0% | 0.17% | −0.05 |
| JPM JPMorgan Chase & Co. | Add +200.0% | 0.19% | −0.06 |
| INTU Intuit Inc. | Add +200.0% | 0.16% | −0.06 |
| BSX Boston Scientific Corp. | Add +196.4% | 0.16% | −0.06 |
Options Activity Q3 2025 → Q4 2025
| IQVIA HLDGS INC | call | Add +197.0% | 89,100 | $20.1M |
| ATLASSIAN CORPORATION | call | Sold out | 55,000 | $8.8Mbefore exit |
| ASML HLDG NV | call | Reduce -72.7% | 6,000 | $6.4M |
| TAPESTRY INC | call | New | 45,000 | $5.7M |
| BRUNSWICK CORP | call | Sold out | 90,000 | $5.7Mbefore exit |
| ANET Arista Networks Inc. | call | Sold out | 34,000 | $5.0Mbefore exit |
| HUBS HubSpot Inc. | call | Add +400.0% | 12,000 | $4.8M |
| JABIL INC | call | New | 20,000 | $4.6M |
| NVDA Nvidia Corp. | call | Sold out | 24,000 | $4.5Mbefore exit |
| L3HARRIS TECHNOLOGIES INC | call | New | 15,000 | $4.4M |
| CDNS Cadence Design SYS Inc. | call | Sold out | 12,000 | $4.2Mbefore exit |
| WAT Waters Corp. | call | Sold out | 14,000 | $4.2Mbefore exit |
| CHIPMOS TECHNOLOGIES INC | call | New | 110,000 | $4.1M |
| ARISTA NETWORKS INC | call | New | 30,000 | $3.9M |
| LEN Lennar Corp. Class A | call | Sold out | 30,000 | $3.8Mbefore exit |
| CELSIUS HLDGS INC | call | New | 80,000 | $3.7M |
| E L F BEAUTY INC | call | New | 45,000 | $3.4M |
| FISERV INC | call | New | 40,000 | $2.7M |
| VRTX Vertex Pharmaceuticals Inc. | call | Sold out | 5,200 | $2.0Mbefore exit |
| FAST Fastenal Co. | call | Sold out | 40,000 | $2.0Mbefore exit |
| UNITEDHEALTH GROUP INC | call | Sold out | 4,000 | $1.4Mbefore exit |
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 |