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

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 Q4 2024 Q1 2025: $254.4M Q1 2025 Q2 2025: $607.2M Q2 2025 Q3 2025: $128.2M Q3 2025 Q4 2025: $507.5M $507.5M Q4 2025 Q1 2026: $535.3M Q1 2026 Q2 2026: $19.5M Q2 2026

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%
TT Trane Technologies PLC 0.14% 1,800 $701K Add +200.0%
EQIX Equinix Inc. 0.14% 900 $690K Add +800.0%
PAAS Pan American Silver Corp. 0.13% 12,500 $648K Add +197.6%
TMUS T-Mobile US Inc. 0.12% 3,000 $609K Add +200.0%
PGR Progressive Corp. 0.09% 2,100 $478K Add +200.0%
MRVL Marvell Technology Inc. 0.09% 5,100 $433K Add +200.0%
WSO Watsco Inc. 0.08% 1,200 $404K Add +200.0%
V Visa Inc. Class A 0.06% 900 $316K Add +200.0%
BLDP Ballard Power Systems Inc. 0.01% 30,000 $76K No change

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

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