DCP

DSM Capital Partners Portfolio holdings

AUM $5.84B Turnover 50%
1-Year Est. Return 22.63%
This Fund
S&P 500
This Quarter Est. Return
+11.14%
1 Year Est. Return
+22.63%
3 Year Est. Return
+148.09%
5 Year Est. Return
+176.14%
10 Year Est. Return
+916.71%
AUM
$7.02B
AUM Growth
+$249M
Cap. Flow
-$326M
Cap. Flow %
-4.65%
Top 10 Hldgs %
73.01%
Holding
48
New
9
Increased
22
Reduced
10
Closed
7
Avg Time Held
2.6 years
Top 10 Avg Time Held
3.3 years
Top 20 Avg Time Held
2.6 years

Top Buys

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$215M
2
RDDT icon
Reddit
RDDT
+$162M
3
ORCL icon
Oracle
ORCL
+$143M
4
MSFT icon
Microsoft
MSFT
+$137M
5
DXCM icon
DexCom
DXCM
+$86.9M

Top Sells

Rank Stock Value
1
ANET icon
Arista Networks
ANET
+$268M
2
FTNT icon
Fortinet
FTNT
+$267M
3
FISV icon
Fiserv Inc
FISV
+$197M
4
DT icon
Dynatrace
DT
+$182M
5
NVO icon
Novo Nordisk
NVO
+$122M

Sector Composition

Rank Sector Weight
1 Technology 55.84%
2 Communication Services 18.97%
3 Consumer Discretionary 9.88%
4 Industrials 6.6%
5 Financials 4.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
NVDA icon
1
NVIDIA
NVDA
$5.33T
$1.06B 15.15%
5,697,455
-514,649
-8% -$89.7M
2021 Q1
18 quarters
MSFT icon
2
Microsoft
MSFT
$3.97T
$855M 12.19%
1,651,420
+268,937
+19% +$137M
2017 Q2
33 quarters
AMZN icon
3
Amazon
AMZN
$2.74T
$531M 7.58%
2,420,528
-305,436
-11% -$69.1M
2018 Q4
27 quarters
AVGO icon
4
Broadcom
AVGO
$1.65T
$527M 7.52%
1,598,432
+701,535
+78% +$215M
2023 Q4
7 quarters
META icon
5
Meta Platforms (Facebook)
META
$1.88T
$503M 7.17%
684,662
-56,487
-8% -$42M
2023 Q4
7 quarters
ANET icon
6
Arista Networks
ANET
$245B
$427M 6.09%
2,933,214
-2,082,080
-42% -$268M
2023 Q1
10 quarters
GOOGL icon
7
Alphabet (Google) Class A
GOOGL
$4.25T
$423M 6.02%
1,738,180
-549,362
-24% -$115M
2015 Q4
39 quarters
INTU icon
8
Intuit
INTU
$82.1B
$318M 4.53%
465,469
+9,594
+2% +$6.92M
2018 Q1
30 quarters
UBER icon
9
Uber
UBER
$141B
$291M 4.15%
2,972,849
+347,373
+13% +$32.5M
2023 Q4
7 quarters
RDDT icon
10
Reddit
RDDT
$28.8B
$183M 2.6%
+793,905
New +$162M
2025 Q3
0 quarters
ORCL icon
11
Oracle
ORCL
$395B
$173M 2.47%
615,885
+562,829
+1,061% +$143M
2023 Q4
7 quarters
HWM icon
12
Howmet Aerospace
HWM
$86.2B
$172M 2.46%
878,070
+159,865
+22% +$29.1M
2024 Q1
6 quarters
DXCM icon
13
DexCom
DXCM
$31.7B
$170M 2.43%
2,533,539
+1,098,243
+77% +$86.9M
2025 Q1
2 quarters
GE icon
14
GE Aerospace
GE
$317B
$169M 2.41%
561,052
-9,467
-2% -$2.59M
2024 Q2
5 quarters
V icon
15
Visa
V
$737B
$169M 2.4%
493,901
+43,365
+10% +$15M
2013 Q2
49 quarters
NFLX icon
16
Netflix
NFLX
$293B
$160M 2.28%
1,335,800
+504,050
+61% +$61.5M
2023 Q4
7 quarters
BKNG icon
17
Booking.com
BKNG
$119B
$152M 2.17%
705,200
+241,025
+52% +$53.8M
2025 Q1
2 quarters
MA icon
18
Mastercard
MA
$529B
$135M 1.93%
237,441
+44,488
+23% +$25.5M
2020 Q1
22 quarters
GEV icon
19
GE Vernova
GEV
$246B
$122M 1.74%
198,177
+1,186
+0.6% +$719K
2024 Q3
4 quarters
ABT icon
20
Abbott
ABT
$178B
$112M 1.59%
832,780
+60,432
+8% +$7.93M
2023 Q4
7 quarters
ADSK icon
21
Autodesk
ADSK
$48.2B
$97.4M 1.39%
306,719
-103,376
-25% -$31.5M
2022 Q3
12 quarters
CDNS icon
22
Cadence Design Systems
CDNS
$90.8B
$92.5M 1.32%
263,468
-2,453
-0.9% -$844K
2023 Q4
7 quarters
PINS icon
23
Pinterest
PINS
$12.3B
$62.7M 0.89%
+1,948,954
New +$70.7M
2025 Q3
0 quarters
NOW icon
24
ServiceNow
NOW
$145B
$43.3M 0.62%
+235,505
New +$44M
2025 Q3
0 quarters
TSM icon
25
TSMC
TSM
$2.23T
$14.2M 0.2%
50,987
+8,950
+21% +$2.19M
2021 Q3
16 quarters
1
2

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DSM Capital Partners's Q3 2025 Portfolio in Review

As of Q3 2025, DSM Capital Partners held 48 positions worth $7.02B, up 3.7% from $6.77B the previous quarter. Its ten largest holdings account for 73% of the portfolio.

DSM Capital Partners withdrew a net $326M in Q3 2025, closing 7 positions and reducing 10 holdings. Its most notable exit was Fortinet, an estimated $267M position sold in full.

By sector, the portfolio is most concentrated in Technology at 56% of assets, down from 59% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, DSM Capital Partners opened a new position in Reddit worth $183M.

  • DSM Capital Partners's largest Q3 2025 buy was Reddit: 793,905 shares worth $183M.
  • DSM Capital Partners added most to Broadcom in Q3 2025, an estimated $215M increase.
  • DSM Capital Partners's biggest Q3 2025 reduction was Arista Networks, cutting an estimated $268M.
  • DSM Capital Partners fully exited Fortinet in Q3 2025, selling an estimated $267M.
  • DSM Capital Partners's ten largest holdings make up 73% of its $7.02B portfolio in Q3 2025.
  • DSM Capital Partners opened 9 new positions and closed 7 in Q3 2025.
  • DSM Capital Partners's portfolio value rose 3.7% quarter-over-quarter to $7.02B.

Based on DSM Capital Partners's 13F filing for Q3 2025, filed 22 Oct 2025.