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 | |
|---|---|---|---|---|---|---|---|
76
GE Vernova
GEV
$220B
| $1.83M | 0.09% |
1,555
-490
| -24% | -$500K |
2025 Q4
2 quarters
|
|
77
Xylem
XYL
$22.8B
| $1.72M | 0.08% |
14,520
-530
| -4% | -$61.2K |
2024 Q2
8 quarters
|
|
78
First Solar
FSLR
$20.6B
| $1.63M | 0.08% |
6,900
| – | – |
2024 Q2
8 quarters
|
|
79
NextEra Energy
NEE
$182B
| $1.58M | 0.08% |
18,050
-350
| -2% | -$31.7K |
2024 Q2
8 quarters
|
|
|
80
Newmont
NEM
$130B
| $1.06M | 0.05% |
11,389
-161,710
| -93% | -$17.6M |
2025 Q4
2 quarters
|
|
81
Prologis
PLD
$124B
| $1.04M | 0.05% |
7,665
+3,260
| +74% | +$462K |
2026 Q1
1 quarter
|
|
82
Sensient Technologies
SXT
$5.18B
| $1.03M | 0.05% |
8,365
| – | – |
2025 Q4
2 quarters
|
|
83
Waste Management
WM
$94.1B
| $994K | 0.05% |
4,460
-260
| -6% | -$57.8K |
2024 Q4
6 quarters
|
|
84
CALL
TotalEnergies
TTE
$193B
| $961K | 0.05% |
+2,500
| New | +$221K |
2026 Q2
0 quarters
|
|
85
Arm
ARM
$199B
| $952K | 0.05% |
+2,685
| New | +$714K |
2026 Q2
0 quarters
|
|
86
Danaher
DHR
$165B
| $895K | 0.04% |
4,700
| – | – |
2024 Q2
8 quarters
|
|
87
Veralto
VLTO
$28.7B
| $568K | 0.03% |
6,410
| – | – |
2024 Q2
8 quarters
|
|
88
Oracle Corp Preferred Stock Series D
ORCL.PRD
| $450K | 0.02% |
+10,000
| New | +$537K |
2026 Q2
0 quarters
|
|
89
Quantinuum Inc
QNT
$1.73B
| $204K | 0.01% |
+2,500
| New | +$161K |
2026 Q2
0 quarters
|
|
90
Stellantis
STLA
$12.8B
| $136K | 0.01% |
23,801
-45,305
| -66% | -$335K |
2024 Q2
8 quarters
|
|
91
Caterpillar
CAT
$274B
| $95.8K | ﹤0.01% |
+90
| New | +$79.1K |
2026 Q2
0 quarters
|
|
92
Alphabet (Google) Class C
GOOG
$3.52T
| $90.5K | ﹤0.01% |
256
-624
| -71% | -$223K |
2025 Q4
2 quarters
|
|
93
Welltower
WELL
$181B
| $79.4K | ﹤0.01% |
+350
| New | +$74K |
2026 Q2
0 quarters
|
|
94
Digital Realty Trust
DLR
$68.1B
| $62.9K | ﹤0.01% |
+350
| New | +$67K |
2026 Q2
0 quarters
|
|
95
Boston Scientific
BSX
$63.8B
| – | – |
-61,000
| Closed | -$3.83M | – |
|
96
Dole
DOLE
$1.32B
| – | – |
-449,117
| Closed | -$6.42M | – |
|
97
JPMorgan Chase
JPM
$908B
| – | – |
-20,000
| Closed | -$5.88M | – |
|
98
AT&T
T
$147B
| – | – |
-150,000
| Closed | -$4.35M | – |
|
99
Zoetis
ZTS
$33.4B
| – | – |
-4,595
| Closed | -$543K | – |
|
|
100
Ferrovial N.V. Ordinary Shares
FER
$44.1B
| – | – |
-579,610
| Closed | -$36.7M | – |
|
Similar funds
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.