J. Stern & Co. LLP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), J. Stern & Co. LLP reported 42 stock positions worth $1.3 billion. Its top holding was Nvidia (NVDA) at 12.9% of the portfolio, followed by Amphenol Class A (APH, 7.5%) and Meta Platforms Class A (META, 7.2%). Compared with Q2 2025, it opened 7 new positions, sold out of 2, added to 19 and reduced 13. The biggest buy was Alphabet Class A (GOOGL, shares +963%) and the biggest sale Adobe (ADBE, shares −97%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0002011335
- Portfolio Value
- $1.3B (Q3 2025)
- SEC Filing
- 0002011335-25-000006 ↗ filed Nov 14, 2025
Holdings Value
Holdings 42 stocks · $1.3B
| NVDA Nvidia Corp. | 12.86% | 910,704 | $169.9M | Reduce -5.8% |
| APH Amphenol Corp. Class A | 7.54% | 805,073 | $99.6M | Reduce -7.7% |
| META Meta Platforms Inc. Class A | 7.25% | 130,418 | $95.8M | Add +2.3% |
| GOOG Alphabet Inc. Class C | 7.23% | 392,166 | $95.5M | Reduce -3.0% |
| AMZN Amazon.com Inc. | 7.06% | 425,078 | $93.3M | Add +6.5% |
| ETN Eaton Corp. PLC | 6.61% | 233,451 | $87.4M | Add +1.0% |
| MA Mastercard Inc. Class A | 5.83% | 135,354 | $77.0M | Add +0.8% |
| RTX RTX Corp. | 4.80% | 379,016 | $63.4M | Add +3.3% |
| XYL Xylem Inc. | 4.08% | 365,733 | $53.9M | Add +4.2% |
| ICE Intercontinental Exchange Inc. | 3.94% | 309,218 | $52.1M | Add +8.3% |
| HON Honeywell International Inc. | 3.72% | 233,326 | $49.1M | Reduce -11.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 3.61% | 416,322 | $47.7M | Add +9.0% |
| CRM Salesforce Inc. | 3.52% | 196,159 | $46.5M | Reduce -3.7% |
| ABT Abbott Laboratories | 3.18% | 313,558 | $42.0M | Reduce -10.8% |
| OTIS Otis Worldwide Corp. | 3.05% | 441,160 | $40.3M | Reduce -3.4% |
| ZTS Zoetis Inc. | 2.13% | 192,076 | $28.1M | Reduce -8.1% |
| TMO Thermo Fisher Scientific Inc. | 1.99% | 54,227 | $26.3M | Reduce -14.1% |
| AMT American Tower Corp. | 1.94% | 133,542 | $25.7M | Reduce -2.7% |
| LRCX Lam Research Corp. | 0.89% | 88,094 | $11.8M | Add +148.3% |
| GOOGL Alphabet Inc. Class A | 0.79% | 42,804 | $10.4M | Add +963.2% |
| CDNS Cadence Design SYS Inc. | 0.77% | 28,786 | $10.1M | Add +128.9% |
| V Visa Inc. Class A | 0.69% | 26,816 | $9.2M | Add +90.8% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.62% | 93,461 | $8.2M | Add +114.3% |
| BKNG Booking Holdings Inc. | 0.60% | 1,475 | $8.0M | Add +87.2% |
| XYZ Block Inc. | 0.59% | 107,455 | $7.8M | Add +97.1% |
| MCD McDonald's Corp. | 0.59% | 25,493 | $7.7M | Add +124.5% |
| IDXX Idexx Laboratories Inc. | 0.54% | 11,151 | $7.1M | Add +125.1% |
| NKE Nike Inc. Class B | 0.52% | 97,850 | $6.8M | New |
| LLY Eli Lilly & Co. | 0.50% | 8,743 | $6.7M | Add +108.1% |
| HD Home Depot Inc. | 0.46% | 14,914 | $6.0M | New |
| ISRG Intuitive Surgical Inc. | 0.39% | 11,434 | $5.1M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.37% | 9,755 | $4.9M | No change |
| IT Gartner Inc. | 0.37% | 18,557 | $4.9M | New |
| DXCM Dexcom Inc. | 0.37% | 72,332 | $4.9M | Add +80.6% |
| LOW Lowe's Cos Inc. | 0.36% | 18,830 | $4.7M | New |
| ADBE Adobe Inc. | 0.07% | 2,486 | $877K | Reduce -97.5% |
| AAAU Goldman Sachs Physical Gold | 0.06% | 21,210 | $809K | Reduce -50.0% |
| AMAT Applied Materials Inc. | 0.04% | 2,800 | $573K | New |
| BF.B Brown-Forman Corp. Class B | 0.04% | 18,191 | $493K | Reduce -11.4% |
| NOC Northrop Grumman Corp. | 0.03% | 740 | $451K | No change |
| LMT Lockheed Martin Corp. | 0.03% | 705 | $352K | No change |
| LIN Linde PLC | 0.00% | 1,478,200 | $3K | New |
Portfolio Sells Q2 2025 → Q3 2025
| ADBE Adobe Inc. | Reduce -97.5% | 0.07% | −3.29 |
| HON Honeywell International Inc. | Reduce -11.7% | 3.72% | −1.38 |
| CRM Salesforce Inc. | Reduce -3.7% | 3.52% | −1.23 |
| ABT Abbott Laboratories | Reduce -10.8% | 3.18% | −0.82 |
| OTIS Otis Worldwide Corp. | Reduce -3.4% | 3.05% | −0.75 |
| ZTS Zoetis Inc. | Reduce -8.1% | 2.13% | −0.73 |
| AMT American Tower Corp. | Reduce -2.7% | 1.94% | −0.58 |
| Intuitive Surgical Inc | Sold out | 0.00% | −0.23 |
| TMO Thermo Fisher Scientific Inc. | Reduce -14.1% | 1.99% | −0.15 |
| AAAU Goldman Sachs Physical Gold | Reduce -50.0% | 0.06% | −0.06 |
| BF.B Brown-Forman Corp. Class B | Reduce -11.4% | 0.04% | −0.02 |
| WBX Wallbox NV | Sold out | 0.00% | −0.00 |
| APH Amphenol Corp. Class A | Reduce -7.7% | 7.54% | +0.86 |
| GOOG Alphabet Inc. Class C | Reduce -3.0% | 7.23% | +1.29 |
| NVDA Nvidia Corp. | Reduce -5.8% | 12.86% | +1.32 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOGL Alphabet Inc. Class A | Add +963.2% | 0.79% | +0.73 |
| LRCX Lam Research Corp. | Add +148.3% | 0.89% | +0.65 |
| RTX RTX Corp. | Add +3.3% | 4.80% | +0.52 |
| NKE Nike Inc. Class B | New | 0.52% | +0.52 |
| HD Home Depot Inc. | New | 0.46% | +0.46 |
| CDNS Cadence Design SYS Inc. | Add +128.9% | 0.77% | +0.43 |
| ISRG Intuitive Surgical Inc. | New | 0.39% | +0.39 |
| EL Estee Lauder Companies Class A | Add +114.3% | 0.62% | +0.39 |
| IT Gartner Inc. | New | 0.37% | +0.37 |
| LOW Lowe's Cos Inc. | New | 0.36% | +0.36 |
| IDXX Idexx Laboratories Inc. | Add +125.1% | 0.54% | +0.33 |
| XYL Xylem Inc. | Add +4.2% | 4.08% | +0.32 |
| XYZ Block Inc. | Add +97.1% | 0.59% | +0.31 |
| MCD McDonald's Corp. | Add +124.5% | 0.59% | +0.28 |
| V Visa Inc. Class A | Add +90.8% | 0.69% | +0.27 |
| LLY Eli Lilly & Co. | Add +108.1% | 0.50% | +0.25 |
| BKNG Booking Holdings Inc. | Add +87.2% | 0.60% | +0.24 |
| DXCM Dexcom Inc. | Add +80.6% | 0.37% | +0.08 |
| AMAT Applied Materials Inc. | New | 0.04% | +0.04 |
| ETN Eaton Corp. PLC | Add +1.0% | 6.61% | +0.04 |
| META Meta Platforms Inc. Class A | Add +2.3% | 7.25% | +0.02 |
| AMZN Amazon.com Inc. | Add +6.5% | 7.06% | +0.02 |
| LIN Linde PLC | New | 0.00% | +0.00 |
| DIS The Walt Disney Co. | Add +9.0% | 3.61% | −0.12 |
| ICE Intercontinental Exchange Inc. | Add +8.3% | 3.94% | −0.42 |
| MA Mastercard Inc. Class A | Add +0.8% | 5.83% | −0.64 |
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 |