DNCA FINANCE
Long book
$1.73B
Q1 2026
Positions
83
Top-10 weight
56%
concentration
Last quarter
+10.2%
SPY +14.8%
Turnover
24%
of book per quarter
Strategy in plain words
auto-generated from filingsDNCA FINANCE is a diversified fundamental manager, running a $1.73B US long book across 83 positions.
The portfolio is concentrated: the top 10 names carry 56% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: TOTALENERGIES SE, ASTRAZENECA PLC, CRH PLC, FERRARI NV, NVIDIA CORP.
Over the last 8 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 2 of 8 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q2 2024
+4.8%
Q3 2024
+1.2%
Q4 2024
-4.6%
Q1 2025
+15.6%
Q2 2025
+5.3%
Q3 2025
-0.7%
Q4 2025
-0.5%
Q1 2026
+10.2%
Sector allocation
Technology 33%
Industrials 18%
Energy 18%
Healthcare 11%
Services media 7%
Consumer discretionary 6%
Financials 3%
Materials 2%
Long book by quarter
What does DNCA FINANCE own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TTE TOTALENERGIES SE | Energy | 3.2M | $307.3M | 17.8% | -27.9% |
| AZN ASTRAZENECA PLC | Healthcare | 552.9K | $107.1M | 6.2% | New |
| CRH CRH PLC | Industrials | 901.8K | $93.2M | 5.4% | +64.5% |
| RACE FERRARI NV | Industrials | 246.4K | $82.0M | 4.7% | +6.3% |
| NVDA NVIDIA CORP | Technology | 452.1K | $78.9M | 4.6% | +3.6% |
| GOOGL ALPHABET INC-CL A | Technology | 269.5K | $77.5M | 4.5% | -4.5% |
| MSFT MICROSOFT CORP | Technology | 163.1K | $60.4M | 3.5% | -9.5% |
| META META PLATFORMS INC-CLASS A | Technology | 94.5K | $54.1M | 3.1% | -8.2% |
| WMT WALMART INC | Consumer discretionary | 421.8K | $52.4M | 3.0% | -5.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 235.2K | $49.0M | 2.8% | +4.3% |
| AVGO BROADCOM INC | Technology | 153.2K | $47.4M | 2.7% | +1.8% |
| NFLX NETFLIX INC | Services media | 473.1K | $45.5M | 2.6% | +74.3% |
| AAPL APPLE INC | Technology | 164.5K | $41.7M | 2.4% | Held |
| V VISA INC-CLASS A SHARES | Services media | 130.4K | $39.4M | 2.3% | -32.5% |
| FER FERROVIAL NV | Industrials | 574.1K | $36.7M | 2.1% | New |
| QGEN QIAGEN N.V. | Healthcare | 759.6K | $30.4M | 1.8% | New |
| MA MASTERCARD INC - A | Services media | 54.3K | $27.1M | 1.6% | Held |
| GS GOLDMAN SACHS GROUP INC | Financials | 29.9K | $25.3M | 1.5% | -7.1% |
| DE DEERE & CO | Industrials | 41.3K | $23.3M | 1.3% | +25.6% |
| AMD ADVANCED MICRO DEVICES | Technology | 93.1K | $18.9M | 1.1% | +20.8% |
| NEM NEWMONT CORP | Materials | 173.1K | $18.7M | 1.1% | -9.6% |
| PANW PALO ALTO NETWORKS INC | Technology | 106.6K | $17.1M | 1.0% | -5.7% |
| HWM HOWMET AEROSPACE INC | Industrials | 71.5K | $16.5M | 1.0% | +24.3% |
| MU MICRON TECHNOLOGY INC | Technology | 48.1K | $16.3M | 0.9% | +12.1% |
| TT TRANE TECHNOLOGIES PLC | Technology | 36.3K | $15.1M | 0.9% | -20.0% |
| VRT VERTIV HOLDINGS CO-A | Technology | 58.5K | $14.7M | 0.8% | +7.6% |
| PPB FLUTTER ENTERTAINMENT PLC-DI | — | 139.0K | $14.1M | 0.8% | Held |
| DHI DR HORTON INC | Industrials | 100.6K | $13.8M | 0.8% | -0.4% |
| ANET ARISTA NETWORKS INC | Technology | 103.3K | $12.7M | 0.7% | Held |
| ORCL ORACLE CORP | Technology | 83.9K | $12.3M | 0.7% | -9.8% |
| MDLN MEDLINE INC-CL A | Healthcare | 250.0K | $11.1M | 0.6% | +354.5% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 23.9K | $11.0M | 0.6% | Held |
| CRM SALESFORCE INC | Technology | 59.0K | $11.0M | 0.6% | -10.1% |
| LIN LINDE PLC | Materials | 22.1K | $11.0M | 0.6% | New |
| FPS FORGENT POWER SOLUTIONS-CL A | Industrials | 328.0K | $9.6M | 0.6% | New |
| ETN EATON CORP PLC | Industrials | 26.2K | $9.4M | 0.5% | New |
| GM GENERAL MOTORS CO | Industrials | 107.8K | $8.0M | 0.5% | -28.6% |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 544.0K | $7.8M | 0.5% | New |
| INTC INTEL CORP | Technology | 172.4K | $7.6M | 0.4% | +56.7% |
| UBER UBER TECHNOLOGIES INC | Services media | 100.0K | $7.2M | 0.4% | -24.2% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 14.3K | $7.0M | 0.4% | +172.0% |
| SYK STRYKER CORP | Healthcare | 21.3K | $7.0M | 0.4% | +35.6% |
| SHOP SHOPIFY INC - CLASS A | Technology | 55.0K | $6.5M | 0.4% | New |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 16.7K | $6.5M | 0.4% | -35.8% |
| DOLE DOLE PLC | Consumer staples | 449.1K | $6.4M | 0.4% | -28.6% |
| WAB WABTEC CORP | Industrials | 25.0K | $6.2M | 0.4% | +175.5% |
| BKNG BOOKING HOLDINGS INC | Industrials | 1.4K | $6.1M | 0.4% | -36.7% |
| JPM JPMORGAN CHASE & CO | Financials | 20.0K | $5.9M | 0.3% | -73.9% |
| SNOW SNOWFLAKE INC | Technology | 38.8K | $5.9M | 0.3% | +27.4% |
| ADSK AUTODESK INC | Technology | 22.8K | $5.5M | 0.3% | -46.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 108 | $1.75B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 108 | $1.73B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 109 | $1.46B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 109 | $1.31B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 135 | $1.20B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 137 | $1.28B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 125 | $1.17B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 15, 2024 | 122 | $1.17B | canonical | SEC ↗ |
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