Q2 2025 · 13F-HR
DNCA FINANCEholdings as filed
Filed 2025-08-13 · accession 0001104659-25-077566
$1.31B
Reported value
109
Positions
2025-06-30
Period end
The Brief · DNCA FINANCE · Q2 2025
AI · grounded in 13F
DNCA FINANCE established a new position in MSFT worth $80.1M. The fund also initiated new stakes in V for $76.9M and NVDA for $71.6M. Other new additions include FLUT at $70.8M and META at $69M. The fund currently manages 109 positions with total AUM of $1.3B.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 594918104 | MSFT | MICROSOFT CORP | $80.1M | 6.11% | 160,976 | Common | SOLE |
| 92826C839 | V | VISA INC | $76.9M | 5.88% | 216,687 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $71.6M | 5.47% | 453,260 | Common | SOLE |
| G3643J108 | FLUT | FLUTTER ENTMT PLC | $70.8M | 5.41% | 250,451 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $69.0M | 5.27% | 93,520 | Common | SOLE |
| N3167Y103 | RACE | FERRARI N V | $63.7M | 4.87% | 130,435 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $51.0M | 3.89% | 535,557 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $47.1M | 3.60% | 170,900 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC | $40.2M | 3.07% | 29,992 | Common | SOLE |
| 931142103 | WMT | WALMART INC | $36.3M | 2.77% | 371,519 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $30.5M | 2.33% | 138,850 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $30.2M | 2.31% | 171,500 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $25.6M | 1.96% | 117,217 | Common | SOLE |
| N72482206 | QGEN | QIAGEN NV | $24.9M | 1.90% | 519,418 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $24.3M | 1.85% | 83,727 | Common | SOLE |
| 244199105 | DE | DEERE & CO | $23.9M | 1.82% | 46,980 | Common | SOLE |
| G54950103 | LIN | LINDE PLC | $22.2M | 1.69% | 47,213 | Common | SOLE |
| 697435105 | PANW | PALO ALTO NETWORKS INC | $21.2M | 1.62% | 103,650 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $20.1M | 1.54% | 35,850 | Common | SOLE |
| L8681T102 | SPOT | SPOTIFY TECHNOLOGY S A | $19.8M | 1.51% | 25,800 | Common | SOLE |
| G8994E103 | TT | TRANE TECHNOLOGIES PLC | $19.7M | 1.50% | 45,000 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $19.7M | 1.50% | 95,904 | Common | SOLE |
| 871607107 | SNPS | SYNOPSYS INC | $18.6M | 1.42% | 36,210 | Common | SOLE |
| 58733R102 | MELI | MERCADOLIBRE INC | $17.5M | 1.33% | 6,687 | Common | SOLE |
| 38141G104 | GS | GOLDMAN SACHS GROUP INC | $17.0M | 1.30% | 24,000 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $16.4M | 1.26% | 72,570 | Common | SOLE |
| 254687106 | DIS | DISNEY WALT CO | $15.2M | 1.16% | 122,519 | Common | SOLE |
| 437076102 | HD | HOME DEPOT INC | $14.7M | 1.12% | 40,000 | Common | SOLE |
| 22788C105 | CRWD | CROWDSTRIKE HLDGS INC | $14.1M | 1.07% | 27,600 | Common | SOLE |
| 23331A109 | DHI | D R HORTON INC | $11.9M | 0.91% | 92,500 | Common | SOLE |
| 46120E602 | ISRG | INTUITIVE SURGICAL INC | $11.4M | 0.87% | 21,050 | Common | SOLE |
| 88579Y101 | MMM | 3M CO | $11.4M | 0.87% | 75,000 | Common | SOLE |
| 98419M100 | XYL | XYLEM INC | $11.3M | 0.86% | 87,500 | Common | SOLE |
| 09857L108 | BKNG | BOOKING HOLDINGS INC | $11.1M | 0.85% | 1,923 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $10.3M | 0.78% | 52,000 | Common | SOLE |
| 040413205 | ANET | ARISTA NETWORKS INC | $9.7M | 0.74% | 95,000 | Common | SOLE |
| 922475108 | VEEV | VEEVA SYS INC | $9.5M | 0.73% | 32,975 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $9.5M | 0.72% | 34,700 | Common | SOLE |
| 98978V103 | ZTS | ZOETIS INC | $9.3M | 0.71% | 59,800 | Common | SOLE |
| 191216100 | KO | COCA COLA CO | $8.8M | 0.68% | 125,000 | Common | SOLE |
| G27907107 | DOLE | DOLE PLC | $8.8M | 0.67% | 629,370 | Common | SOLE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $8.5M | 0.65% | 20,950 | Common | SOLE |
| G5960L103 | MDT | MEDTRONIC PLC | $8.3M | 0.64% | 95,550 | Common | SOLE |
| 863667101 | SYK | STRYKER CORPORATION | $8.2M | 0.62% | 20,650 | Common | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $8.1M | 0.62% | 56,800 | Common | SOLE |
| 929740108 | WAB | WABTEC | $7.5M | 0.58% | 36,060 | Common | SOLE |
| 052769106 | ADSK | AUTODESK INC | $7.3M | 0.56% | 23,500 | Common | SOLE |
| 337738108 | FISV | FISERV INC | $7.2M | 0.55% | 41,850 | Common | SOLE |
| 81762P102 | NOW | SERVICENOW INC | $7.2M | 0.55% | 7,000 | Common | SOLE |
| 888787108 | TOST | TOAST INC | $6.9M | 0.53% | 155,500 | Common | SOLE |
| 00724F101 | ADBE | ADOBE INC | $6.4M | 0.49% | 16,500 | Common | SOLE |
| 92537N108 | VRT | VERTIV HOLDINGS CO | $6.2M | 0.47% | 48,360 | Common | SOLE |
| 631103108 | NDAQ | NASDAQ INC | $6.1M | 0.47% | 68,100 | Common | SOLE |
| 461202103 | INTU | INTUIT | $5.4M | 0.41% | 6,800 | Common | SOLE |
| 336433107 | FSLR | FIRST SOLAR INC | $5.3M | 0.41% | 32,090 | Common | SOLE |
| 776696106 | ROP | ROPER TECHNOLOGIES INC | $4.8M | 0.37% | 8,550 | Common | SOLE |
| 833445109 | SNOW | SNOWFLAKE INC | $4.5M | 0.35% | 20,300 | Common | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $4.5M | 0.34% | 47,882 | Common | SOLE |
| 01609WBG6 | BABA 0.5 06/01/31 | ALIBABA GROUP HLDG LTD | $4.4M | 0.34% | 3,500,000 | Common | SOLE |
| 00206R102 | T | AT&T INC | $4.3M | 0.33% | 147,300 | Common | SOLE |
| 88339J105 | TTD | THE TRADE DESK INC | $4.2M | 0.32% | 58,800 | Common | SOLE |
| 92338C103 | VLTO | VERALTO CORP | $4.1M | 0.31% | 40,500 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $3.8M | 0.29% | 31,000 | Common | SOLE |
| 23804L103 | DDOG | DATADOG INC | $3.8M | 0.29% | 28,200 | Common | SOLE |
| G1151C101 | ACN | ACCENTURE PLC IRELAND | $3.4M | 0.26% | 11,450 | Common | SOLE |
| 40415F101 | HDB | HDFC BANK LTD | $3.1M | 0.23% | 39,800 | Common | SOLE |
| 74275K108 | PCOR | PROCORE TECHNOLOGIES INC | $2.9M | 0.22% | 42,400 | Common | SOLE |
| 172573107 | CRCL | CIRCLE INTERNET GROUP INC | $2.7M | 0.21% | 15,000 | Common | SOLE |
| N82405106 | STLA | STELLANTIS N.V | $2.5M | 0.19% | 250,876 | Common | SOLE |
| 65339F101 | NEE | NEXTERA ENERGY INC | $2.2M | 0.17% | 32,350 | Common | SOLE |
| 94106L109 | WM | WASTE MGMT INC DEL | $1.7M | 0.13% | 7,600 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & CO | $1.6M | 0.13% | 2,100 | Common | SOLE |
| 90353TAM2 | UBER 0.875 12/01/28 2028 | UBER TECHNOLOGIES INC | $1.4M | 0.10% | 950,000 | Common | SOLE |
| 55024UAF6 | LITE 0.5 06/15/28 | LUMENTUM HLDGS INC | $1.3M | 0.10% | 1,300,000 | Common | SOLE |
| 76954AAD5 | RIVN 3.625 10/15/30 | RIVIAN AUTOMOTIVE INC | $1.3M | 0.10% | 1,380,000 | Common | SOLE |
| G51502105 | JCI | JOHNSON CTLS INTL PLC | $1.2M | 0.09% | 11,400 | Common | SOLE |
| 89677QAB3 | TCOM 0.75 06/15/29 | TRIP COM GROUP LTD | $1.1M | 0.08% | 1,000,000 | Common | SOLE |
| 55306NAB0 | MKSI 1.25 06/01/30 | MKS INC. | $1.1M | 0.08% | 1,100,000 | Common | SOLE |
| 682189AU9 | ON 0.5 03/01/29 | ON SEMICONDUCTOR CORP | $1.1M | 0.08% | 1,170,000 | Common | SOLE |
| 84921RAB6 | SPOT 0 03/15/26 | SPOTIFY USA INC | $1.1M | 0.08% | 700,000 | Common | SOLE |
| 443201108 | HWM | HOWMET AEROSPACE INC | $930,650 | 0.07% | 5,000 | Common | SOLE |
| 18915MAC1 | NET 0 08/15/26 | CLOUDFLARE INC | $922,215 | 0.07% | 780,000 | Common | SOLE |
| 37940XAU6 | GPN 1.5 03/01/31 | GLOBAL PMTS INC | $898,228 | 0.07% | 1,000,000 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $867,927 | 0.07% | 7,653 | Common | SOLE |
| 65339KCY4 | NEE 3 03/01/27 | NEXTERA ENERGY CAP HLDGS INC | $859,863 | 0.07% | 750,000 | Common | SOLE |
| 252131AM9 | DXCM 0.375 05/15/28 | DEXCOM INC | $845,731 | 0.06% | 900,000 | Common | SOLE |
| 70202LAD4 | PSN 2.625 03/01/29 | PARSONS CORP DEL | $807,755 | 0.06% | 750,000 | Common | SOLE |
| 94419LAP6 | W 3.25 09/15/27 | WAYFAIR INC | $806,257 | 0.06% | 700,000 | Common | SOLE |
| 30063PAC9 | EXAS 0.375 03/01/28 | EXACT SCIENCES CORP | $729,792 | 0.06% | 800,000 | Common | SOLE |
| 40637HAF6 | HALO 1 08/15/28 | HALOZYME THERAPEUTICS INC | $721,210 | 0.06% | 630,000 | Common | SOLE |
| 82452JAD1 | FOUR 0.5 08/01/27 | SHIFT4 PMTS INC | $687,992 | 0.05% | 640,000 | Common | SOLE |
| 47215PAJ5 | JD 0.25 06/01/29 | JD.COM INC | $677,847 | 0.05% | 650,000 | Common | SOLE |
| 345370CZ1 | F 0 03/15/26 | FORD MTR CO | $641,453 | 0.05% | 650,000 | Common | SOLE |
| 98139AAD7 | WK 1.25 08/15/28 | WORKIVA INC | $607,345 | 0.05% | 650,000 | Common | SOLE |
| 26210CAC8 | DBX 0 03/01/26 | DROPBOX INC | $594,426 | 0.05% | 600,000 | Common | SOLE |
| 08265TAD1 | BSY 0.375 07/01/27 | BENTLEY SYS INC | $566,316 | 0.04% | 600,000 | Common | SOLE |
| 82509LAA5 | SHOPCN 0.125 11/01/25 | SHOPIFY INC | $560,237 | 0.04% | 550,000 | Common | SOLE |
| 405024AD2 | HAE 2.5 06/01/29 | HAEMONETICS CORP MASS | $549,667 | 0.04% | 550,000 | Common | SOLE |
| 759916AD1 | RGEN 1 12/15/28 | REPLIGEN CORP | $546,543 | 0.04% | 550,000 | Common | SOLE |
| 30212PBE4 | EXPE 0 02/15/26 | EXPEDIA GROUP INC | $536,876 | 0.04% | 550,000 | Common | SOLE |
| H5919C104 | ONON | ON HLDG AG | $455,490 | 0.03% | 8,751 | Common | SOLE |
| 531229AQ5 | FWONK 2.25 08/15/27 | LIBERTY MEDIA CORP DEL | $404,648 | 0.03% | 300,000 | Common | SOLE |
| 343412AJ1 | FLR 1.125 08/15/29 | FLUOR CORP | $395,839 | 0.03% | 300,000 | Common | SOLE |
| 00971TAN1 | AKAM 1.125 02/15/29 | AKAMAI TECHNOLOGIES INC | $381,206 | 0.03% | 400,000 | Common | SOLE |
| 81180WBL4 | STX 3.5 06/01/28 | SEAGATE HDD CAYMAN | $360,018 | 0.03% | 200,000 | Common | SOLE |
| 45784PAK7 | PODD 0.375 09/01/26 | INSULET CORP | $337,250 | 0.03% | 240,000 | Common | SOLE |
| 44332NAB2 | HTHT 3 05/01/26 | H WORLD GROUP LTD | $322,472 | 0.02% | 300,000 | Common | SOLE |
| 26210CAD6 | DBX 0 03/01/28 | DROPBOX INC | $254,456 | 0.02% | 250,000 | Common | SOLE |
| 29786AAJ5 | ETSY 0.125 10/01/26 | ETSY INC | $77,802 | 0.01% | 80,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.