J. Stern & Co. LLP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), J. Stern & Co. LLP reported 36 stock positions worth $1.0 billion. Its top holding was Nvidia (NVDA) at 9.7% of the portfolio, followed by Amazon.com (AMZN, 7.1%) and Mastercard Class A (MA, 6.9%). Compared with Q4 2024, it opened 1 new position, sold out of 4, added to 27 and reduced 4. The biggest buy was RTX (RTX, shares +9%) and the biggest sale an exit from Alcon (ALC).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0002011335
- Portfolio Value
- $1.0B (Q1 2025)
- SEC Filing
- 0002011335-25-000002 ↗ filed May 14, 2025
Holdings Value
Holdings 36 stocks · $1.0B
| NVDA Nvidia Corp. | 9.74% | 937,455 | $101.6M | Add +9.2% |
| AMZN Amazon.com Inc. | 7.07% | 387,699 | $73.8M | Add +8.6% |
| MA Mastercard Inc. Class A | 6.85% | 130,460 | $71.5M | Add +7.7% |
| META Meta Platforms Inc. Class A | 6.82% | 123,468 | $71.2M | Add +9.9% |
| GOOG Alphabet Inc. Class C | 5.89% | 393,476 | $61.5M | Add +8.5% |
| ETN Eaton Corp. PLC | 5.84% | 224,298 | $61.0M | Add +9.7% |
| HON Honeywell International Inc. | 5.33% | 262,799 | $55.6M | Add +9.8% |
| APH Amphenol Corp. Class A | 5.31% | 845,119 | $55.4M | Add +9.2% |
| CRM Salesforce Inc. | 5.09% | 197,840 | $53.1M | Add +10.0% |
| RTX RTX Corp. | 4.62% | 364,274 | $48.3M | Add +9.3% |
| ICE Intercontinental Exchange Inc. | 4.58% | 277,242 | $47.8M | Add +0.8% |
| OTIS Otis Worldwide Corp. | 4.39% | 443,880 | $45.8M | Add +7.1% |
| ABT Abbott Laboratories | 4.33% | 340,786 | $45.2M | Add +8.0% |
| XYL Xylem Inc. | 3.93% | 342,881 | $41.0M | Add +6.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 3.56% | 376,597 | $37.2M | Add +10.2% |
| ADBE Adobe Inc. | 3.55% | 96,623 | $37.1M | Add +10.9% |
| ZTS Zoetis Inc. | 3.30% | 209,186 | $34.4M | Reduce -2.1% |
| TMO Thermo Fisher Scientific Inc. | 2.94% | 61,553 | $30.6M | Add +7.0% |
| AMT American Tower Corp. | 2.82% | 135,397 | $29.5M | Add +10.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.50% | 9,755 | $5.2M | No change |
| V Visa Inc. Class A | 0.45% | 13,468 | $4.7M | Add +3.9% |
| MCD McDonald's Corp. | 0.36% | 12,081 | $3.8M | Add +37.2% |
| BKNG Booking Holdings Inc. | 0.33% | 754 | $3.5M | Add +20.3% |
| CDNS Cadence Design SYS Inc. | 0.33% | 13,408 | $3.4M | Add +57.0% |
| LLY Eli Lilly & Co. | 0.32% | 4,049 | $3.3M | Add +16.2% |
| XYZ Block Inc. | 0.30% | 57,910 | $3.1M | Add +58.2% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.26% | 41,311 | $2.7M | Add +36.0% |
| DXCM Dexcom Inc. | 0.25% | 37,676 | $2.6M | Add +36.4% |
| Intuitive Surgical Inc | 0.23% | 4,772 | $2.4M | New |
| IDXX Idexx Laboratories Inc. | 0.19% | 4,655 | $2.0M | Add +16.9% |
| LIN Linde PLC | 0.14% | 3,112 | $1.4M | Reduce -29.7% |
| BF.B Brown-Forman Corp. Class B | 0.13% | 39,071 | $1.3M | Reduce -1.4% |
| AAAU Goldman Sachs Physical Gold | 0.13% | 42,415 | $1.3M | No change |
| GOOGL Alphabet Inc. Class A | 0.06% | 4,026 | $623K | Reduce -4.7% |
| NOC Northrop Grumman Corp. | 0.04% | 740 | $379K | No change |
| LMT Lockheed Martin Corp. | 0.03% | 705 | $315K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| ALC Alcon Inc. | Sold out | 0.00% | −4.08 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.04 |
| LIN Linde PLC | Reduce -29.7% | 0.14% | −0.04 |
| DKNG Draftkings Inc. Class A | Sold out | 0.00% | −0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -4.7% | 0.06% | −0.02 |
| BF.B Brown-Forman Corp. Class B | Reduce -1.4% | 0.13% | −0.01 |
| WBX Wallbox NV | Sold out | 0.00% | −0.00 |
| ZTS Zoetis Inc. | Reduce -2.1% | 3.30% | +0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| RTX RTX Corp. | Add +9.3% | 4.62% | +0.99 |
| ABT Abbott Laboratories | Add +8.0% | 4.33% | +0.97 |
| MA Mastercard Inc. Class A | Add +7.7% | 6.85% | +0.84 |
| OTIS Otis Worldwide Corp. | Add +7.1% | 4.39% | +0.77 |
| ICE Intercontinental Exchange Inc. | Add +0.8% | 4.58% | +0.72 |
| AMT American Tower Corp. | Add +10.5% | 2.82% | +0.71 |
| META Meta Platforms Inc. Class A | Add +9.9% | 6.82% | +0.62 |
| XYL Xylem Inc. | Add +6.6% | 3.93% | +0.41 |
| APH Amphenol Corp. Class A | Add +9.2% | 5.31% | +0.25 |
| HON Honeywell International Inc. | Add +9.8% | 5.33% | +0.24 |
| Intuitive Surgical Inc | New | 0.23% | +0.23 |
| MCD McDonald's Corp. | Add +37.2% | 0.36% | +0.12 |
| TMO Thermo Fisher Scientific Inc. | Add +7.0% | 2.94% | +0.12 |
| CDNS Cadence Design SYS Inc. | Add +57.0% | 0.33% | +0.09 |
| LLY Eli Lilly & Co. | Add +16.2% | 0.32% | +0.07 |
| V Visa Inc. Class A | Add +3.9% | 0.45% | +0.07 |
| EL Estee Lauder Companies Class A | Add +36.0% | 0.26% | +0.05 |
| DXCM Dexcom Inc. | Add +36.4% | 0.25% | +0.04 |
| BKNG Booking Holdings Inc. | Add +20.3% | 0.33% | +0.04 |
| IDXX Idexx Laboratories Inc. | Add +16.9% | 0.19% | +0.03 |
| XYZ Block Inc. | Add +58.2% | 0.30% | +0.01 |
| DIS The Walt Disney Co. | Add +10.2% | 3.56% | −0.02 |
| ADBE Adobe Inc. | Add +10.9% | 3.55% | −0.10 |
| AMZN Amazon.com Inc. | Add +8.6% | 7.07% | −0.31 |
| ETN Eaton Corp. PLC | Add +9.7% | 5.84% | −0.55 |
| CRM Salesforce Inc. | Add +10.0% | 5.09% | −0.58 |
| GOOG Alphabet Inc. Class C | Add +8.5% | 5.89% | −0.62 |
| NVDA Nvidia Corp. | Add +9.2% | 9.74% | −1.13 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 51 | $1.1B | NVDA, GOOG, APH, AMZN, ETN |
| Q1 2026 | 49 | $1.0B | NVDA, GOOG, AMZN, APH, HON |
| Q4 2025Amended | 43 | $1.2B | NVDA, GOOG, AMZN, APH, MA |
| Q3 2025 | 42 | $1.3B | NVDA, APH, META, GOOG, AMZN |
| Q2 2025 | 37 | $1.2B | NVDA, META, AMZN, APH, ETN |
| Q1 2025 | 36 | $1.0B | NVDA, AMZN, MA, META, GOOG |
| Q4 2024 | 39 | $1.1B | NVDA, AMZN, GOOG, ETN, META |
| Q3 2024 | 43 | $938.4M | NVDA, AMZN, ETN, META, GOOG |
| Q2 2024 | 34 | $839.9M | NVDA, AMZN, GOOG, ETN, META |
| Q1 2024 | 37 | $790.8M | NVDA, ETN, AMZN, GOOG, META |