DSM CAPITAL PARTNERS LLC
Long book
$5.66B
Q1 2026
Positions
44
Top-10 weight
72%
concentration
Last quarter
+13.0%
SPY +14.8%
Turnover
31%
of book per quarter
Strategy in plain words
auto-generated from filingsDSM CAPITAL PARTNERS LLC is a diversified fundamental manager, specialised in technology (68% of the long book), running a $5.66B US long book across 44 positions.
The portfolio is concentrated: the top 10 names carry 72% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NVIDIA CORP, MICROSOFT CORP, ALPHABET INC-CL A, BROADCOM INC, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 3 of 9 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
Q1 2024
+7.4%
Q2 2024
+0.3%
Q3 2024
+5.0%
Q4 2024
-10.2%
Q1 2025
+23.7%
Q2 2025
+6.7%
Q3 2025
-2.0%
Q4 2025
-11.7%
Q1 2026
+13.0%
Sector allocation
Technology 67%
Industrials 10%
Services media 10%
Consumer discretionary 7%
Healthcare 3%
Communications 1%
Other 1%
Long book by quarter
What does DSM CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 5.2M | $908.3M | 16.1% | -5.7% |
| MSFT MICROSOFT CORP | Technology | 1.5M | $570.8M | 10.1% | -6.4% |
| GOOGL ALPHABET INC-CL A | Technology | 1.8M | $506.6M | 9.0% | -9.8% |
| AVGO BROADCOM INC | Technology | 1.6M | $499.9M | 8.8% | -3.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.0M | $407.4M | 7.2% | -17.2% |
| ANET ARISTA NETWORKS INC | Technology | 2.7M | $329.9M | 5.8% | -3.5% |
| META META PLATFORMS INC-CLASS A | Technology | 501.2K | $286.7M | 5.1% | +2.8% |
| GEV GE VERNOVA INC | Industrials | 235.7K | $205.7M | 3.6% | -16.8% |
| HWM HOWMET AEROSPACE INC | Industrials | 769.7K | $177.4M | 3.1% | -11.9% |
| UBER UBER TECHNOLOGIES INC | Services media | 2.2M | $154.7M | 2.7% | -24.0% |
| V VISA INC-CLASS A SHARES | Services media | 455.4K | $137.6M | 2.4% | -4.6% |
| INTU INTUIT INC | Technology | 309.4K | $133.8M | 2.4% | -26.7% |
| NFLX NETFLIX INC | Services media | 1.4M | $133.1M | 2.4% | +6.1% |
| DXCM DEXCOM INC | Healthcare | 1.9M | $120.8M | 2.1% | -18.3% |
| ORCL ORACLE CORP | Technology | 777.1K | $114.3M | 2.0% | +40.1% |
| RDDT REDDIT INC-CL A | Technology | 848.2K | $114.2M | 2.0% | +5.3% |
| GE GENERAL ELECTRIC | Industrials | 376.1K | $106.7M | 1.9% | -32.0% |
| MA MASTERCARD INC - A | Services media | 211.0K | $105.4M | 1.9% | -4.0% |
| ADSK AUTODESK INC | Technology | 432.4K | $103.5M | 1.8% | +39.9% |
| BKNG BOOKING HOLDINGS INC | Industrials | 22.8K | $96.0M | 1.7% | -2.4% |
| CDNS CADENCE DESIGN SYS INC | Technology | 271.9K | $75.5M | 1.3% | -2.3% |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 144.3K | $70.0M | 1.2% | +4336.9% |
| P EVERPURE INC-A | Technology | 1.2M | $69.4M | 1.2% | New |
| NOW SERVICENOW INC | Technology | 475.1K | $49.7M | 0.9% | +45.6% |
| ENTG ENTEGRIS INC | Other | 355.5K | $41.7M | 0.7% | New |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 564.3K | $35.4M | 0.6% | +11846.4% |
| TER TERADYNE INC | Technology | 105.8K | $31.4M | 0.6% | New |
| FICO FAIR ISAAC CORP | Services media | 22.4K | $23.9M | 0.4% | New |
| SYK STRYKER CORP | Healthcare | 28.9K | $9.5M | 0.2% | +53.0% |
| MELI MERCADOLIBRE INC | Services media | 2.7K | $4.7M | 0.1% | -2.5% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 3.3K | $4.3M | 0.1% | +6.5% |
| TSEM TOWER SEMICONDUCTOR LTD | Technology | 19.1K | $3.3M | 0.1% | New |
| GRAB GRAB HOLDINGS LTD - CL A | Services media | 731.2K | $2.7M | 0.0% | -39.3% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 3.4K | $501K | 0.0% | +42.5% |
| SHOP SHOPIFY INC - CLASS A | Technology | 3.3K | $393K | 0.0% | +6.3% |
| INTC INTEL CORP | Technology | 5.7K | $253K | 0.0% | -28.5% |
| MRVL MARVELL TECHNOLOGY INC | Technology | 2.3K | $229K | 0.0% | New |
| HEI HEICO CORP | Industrials | 807 | $221K | 0.0% | +5.4% |
| GOOG ALPHABET INC-CL C | Technology | 717 | $206K | 0.0% | -10.9% |
| S SENTINELONE INC -CLASS A | Technology | 10.8K | $139K | 0.0% | +5.2% |
| AVPT AVEPOINT INC | Technology | 11.6K | $110K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 29, 2026 | 44 | $5.66B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 47 | $6.75B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 22, 2025 | 41 | $7.02B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 24, 2025 | 39 | $6.77B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 39 | $5.72B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 31, 2025 | 40 | $6.48B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 99 | $6.55B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 102 | $6.90B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 115 | $7.32B | canonical | SEC ↗ |