DNCA Finance Portfolio holdings
DNCA Finance is a French asset manager that markets its funds as DNCA Investments. It was founded in 2000, and Natixis Global Asset Management bought it in June 2015. It aims for low-volatility funds that perform over the medium to long term, using active, conviction-driven management and fundamental analysis. Its teams cover equities, bonds, absolute return, multi-asset and socially responsible investing, for institutional and wholesale clients.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SpaceX
SPCX
|
+$72.9M |
| 2 |
Eli Lilly
LLY
|
+$27.6M |
| 3 |
CRH
CRH
|
+$26.9M |
| 4 |
Coca-Cola
KO
|
+$24.4M |
| 5 |
Micron Technology
MU
|
+$13.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ferrovial N.V. Ordinary Shares
FER
|
+$36.7M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$29.5M |
| 3 |
Netflix
NFLX
|
+$20.9M |
| 4 |
Walmart Inc
WMT
|
+$20.7M |
| 5 |
Newmont
NEM
|
+$17.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.94% |
| 2 | Energy | 12.34% |
| 3 | Consumer Discretionary | 10.82% |
| 4 | Healthcare | 9.88% |
| 5 | Industrials | 9.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Stryker
SYK
$124B
| $6.71M | 0.33% |
21,320
| – | – |
2024 Q2
8 quarters
|
|
52
Booking.com
BKNG
$122B
| $6.64M | 0.32% |
37,250
+1,000
| +3% | +$171K |
2024 Q4
6 quarters
|
|
53
Shopify
SHOP
$196B
| $6.45M | 0.31% |
56,500
+1,500
| +3% | +$171K |
2026 Q1
1 quarter
|
|
54
Okta
OKTA
$31B
| $6.16M | 0.3% |
45,150
+1,150
| +3% | +$108K |
2026 Q1
1 quarter
|
|
55
Texas Instruments
TXN
$270B
| $6.08M | 0.29% |
20,400
-4,200
| -17% | -$1.17M |
2026 Q1
1 quarter
|
|
56
Spotify
SPOT
$125B
| $6.06M | 0.29% |
13,200
+2,300
| +21% | +$1.1M |
2024 Q2
8 quarters
|
|
57
Salesforce
CRM
$177B
| $5.98M | 0.29% |
38,200
-20,800
| -35% | -$3.66M |
2024 Q2
8 quarters
|
|
58
Applovin
APP
$136B
| $5.72M | 0.28% |
11,100
+200
| +2% | +$96.5K |
2025 Q3
3 quarters
|
|
59
Entegris
ENTG
$21.4B
| $5.71M | 0.28% |
+31,750
| New | +$4.58M |
2026 Q2
0 quarters
|
|
60
INNIO N.V.
INIO
$11.2B
| $5.62M | 0.27% |
+142,000
| New | +$5.06M |
2026 Q2
0 quarters
|
|
61
Synopsys
SNPS
$89.5B
| $4.88M | 0.24% |
10,950
+200
| +2% | +$94K |
2024 Q2
8 quarters
|
|
62
Alphabet Inc Depositary Shares Series A Preferred Stock
GOOGM
| $4.78M | 0.23% |
+94,000
| New | +$4.72M |
2026 Q2
0 quarters
|
|
63
Autodesk
ADSK
$55B
| $4.56M | 0.22% |
23,450
+650
| +3% | +$148K |
2024 Q4
6 quarters
|
|
64
Nasdaq
NDAQ
$60.6B
| $4.15M | 0.2% |
52,650
+1,300
| +3% | +$114K |
2024 Q4
6 quarters
|
|
65
Veeva Systems
VEEV
$49.6B
| $4.06M | 0.2% |
22,860
+500
| +2% | +$82.4K |
2024 Q3
7 quarters
|
|
66
Coherent
COHR
$44.4B
| $3.94M | 0.19% |
+10,000
| New | +$3.54M |
2026 Q2
0 quarters
|
|
67
Klarna Group
KLAR
$5.1B
| $3.47M | 0.17% |
171,500
| – | – |
2025 Q3
3 quarters
|
|
68
Pony AI Inc
PONY
$2.11B
| $2.97M | 0.14% |
426,800
+239,300
| +128% | +$2.22M |
2026 Q1
1 quarter
|
|
69
Flutter Entertainment
FLUT
$14.2B
| $2.81M | 0.14% |
27,940
-111,049
| -80% | -$11.4M |
2024 Q2
8 quarters
|
|
70
Procore
PCOR
$11.6B
| $2.54M | 0.12% |
62,550
+1,650
| +3% | +$81.6K |
2024 Q2
8 quarters
|
|
71
DexCom
DXCM
$30.2B
| $2.42M | 0.12% |
36,000
-39,000
| -52% | -$2.6M |
2025 Q4
2 quarters
|
|
72
CALL
Ferrari
RACE
$73.4B
| $2.38M | 0.12% |
+700
| New | +$243K |
2026 Q2
0 quarters
|
|
73
Cerebras Systems
CBRS
$23B
| $2.21M | 0.11% |
+10,000
| New | +$2.35M |
2026 Q2
0 quarters
|
|
74
Johnson Controls International
JCI
$85.7B
| $2.05M | 0.1% |
14,025
+4,775
| +52% | +$674K |
2024 Q2
8 quarters
|
|
75
Toast
TOST
$20.2B
| $2.02M | 0.1% |
72,600
+5,600
| +8% | +$146K |
2024 Q2
8 quarters
|
|
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DNCA Finance's Q2 2026 Portfolio in Review
As of Q2 2026, DNCA Finance held 125 positions worth $2.06B, up 18% from $1.75B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
DNCA Finance deployed $84.1M of net new capital in Q2 2026, opening 18 new positions and adding to 44 existing holdings. Its largest new stake was SpaceX: 429,031 shares worth $73.3M.
By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 24% a quarter earlier, followed by Energy and Consumer Discretionary.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $29.5M trimmed.
- DNCA Finance's largest Q2 2026 buy was SpaceX: 429,031 shares worth $73.3M.
- DNCA Finance added most to Eli Lilly in Q2 2026, an estimated $27.6M increase.
- DNCA Finance's biggest Q2 2026 reduction was Alphabet (Google) Class A, cutting an estimated $29.5M.
- DNCA Finance fully exited Ferrovial N.V. Ordinary Shares in Q2 2026, selling an estimated $36.7M.
- DNCA Finance's ten largest holdings make up 49% of its $2.06B portfolio in Q2 2026.
- DNCA Finance opened 18 new positions and closed 7 in Q2 2026.
- DNCA Finance's portfolio value rose 18% quarter-over-quarter to $2.06B.
Based on DNCA Finance's 13F filing for Q2 2026, filed 13 Aug 2026.