Q4 2025 · 13F-HR
DNCA FINANCEholdings as filed
Filed 2026-02-13 · accession 0001104659-26-015188
$1.73B
Reported value
108
Positions
2025-12-31
Period end
The Brief · DNCA FINANCE · Q4 2025
AI · grounded in 13F
DNCA FINANCE established a new position in TOTALENERGIES SE TTE worth $293.9M. The fund also opened new stakes in NEWMONT CORP NEM for $19.1M and GENERAL MTRS CO GM for $12.3M. On the sell side, the fund closed positions in HOME DEPOT INC HD, LINDE PLC LIN, and MERCADOLIBRE INC MELI.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| F92124100 | TTE | TOTALENERGIES SE | $293.9M | 17.0% | 4,502,331 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $88.3M | 5.12% | 282,169 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $87.2M | 5.05% | 180,253 | Common | SOLE |
| N3167Y103 | RACE | FERRARI N V | $86.7M | 5.02% | 231,729 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $81.4M | 4.71% | 436,382 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $70.9M | 4.10% | 548,199 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $67.9M | 3.93% | 102,900 | Common | SOLE |
| 92826C839 | V | VISA INC | $67.7M | 3.92% | 193,146 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $52.0M | 3.01% | 225,500 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $52.0M | 3.01% | 150,370 | Common | SOLE |
| 931142103 | WMT | WALMART INC | $49.6M | 2.87% | 444,782 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $44.7M | 2.59% | 164,500 | Common | SOLE |
| N72482206 | QGEN | QIAGEN NV | $31.6M | 1.83% | 691,821 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $31.0M | 1.80% | 54,300 | Common | SOLE |
| G3643J108 | FLUT | FLUTTER ENTMT PLC | $30.2M | 1.75% | 138,989 | Common | SOLE |
| 38141G104 | GS | GOLDMAN SACHS GROUP INC | $28.3M | 1.64% | 32,200 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC | $25.5M | 1.47% | 271,500 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $24.7M | 1.43% | 76,714 | Common | SOLE |
| 697435105 | PANW | PALO ALTO NETWORKS INC | $20.8M | 1.21% | 113,100 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $20.0M | 1.16% | 65,700 | Common | SOLE |
| 651639106 | NEM | NEWMONT CORP | $19.1M | 1.11% | 191,508 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $18.1M | 1.05% | 93,000 | Common | SOLE |
| 88579Y101 | MMM | 3M CO | $17.8M | 1.03% | 111,050 | Common | SOLE |
| G8994E103 | TT | TRANE TECHNOLOGIES PLC | $17.6M | 1.02% | 45,300 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $17.4M | 1.01% | 65,600 | Common | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $16.5M | 0.96% | 77,100 | Common | SOLE |
| N82405106 | STLA | STELLANTIS N.V | $15.9M | 0.92% | 1,429,562 | Common | SOLE |
| 244199105 | DE | DEERE & CO | $15.3M | 0.89% | 32,930 | Common | SOLE |
| 23331A109 | DHI | D R HORTON INC | $14.6M | 0.84% | 101,095 | Common | SOLE |
| 46120E602 | ISRG | INTUITIVE SURGICAL INC | $13.6M | 0.79% | 23,950 | Common | SOLE |
| 040413205 | ANET | ARISTA NETWORKS INC | $13.5M | 0.78% | 103,250 | Common | SOLE |
| L8681T102 | SPOT | SPOTIFY TECHNOLOGY S A | $12.8M | 0.74% | 22,000 | Common | SOLE |
| 052769106 | ADSK | AUTODESK INC | $12.5M | 0.73% | 42,300 | Common | SOLE |
| 37045V100 | GM | GENERAL MTRS CO | $12.3M | 0.71% | 151,000 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $12.3M | 0.71% | 42,950 | Common | SOLE |
| 09857L108 | BKNG | BOOKING HOLDINGS INC | $12.3M | 0.71% | 2,289 | Common | SOLE |
| 22788C105 | CRWD | CROWDSTRIKE HLDGS INC | $12.2M | 0.71% | 25,980 | Common | SOLE |
| 443201108 | HWM | HOWMET AEROSPACE INC | $11.8M | 0.68% | 57,501 | Common | SOLE |
| 03831W108 | APP | APPLOVIN CORP | $11.2M | 0.65% | 16,600 | Common | SOLE |
| 88023U101 | SGI | SOMNIGROUP INTERNATIONAL INC | $10.8M | 0.63% | 121,000 | Common | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $10.8M | 0.62% | 132,000 | Common | SOLE |
| 465562106 | ITUB | ITAU UNIBANCO HLDG S A | $10.4M | 0.60% | 1,457,582 | Common | SOLE |
| G27907107 | DOLE | DOLE PLC | $9.4M | 0.55% | 629,370 | Common | SOLE |
| 92537N108 | VRT | VERTIV HOLDINGS CO | $8.8M | 0.51% | 54,360 | Common | SOLE |
| 81762P102 | NOW | SERVICENOW INC | $7.3M | 0.42% | 47,600 | Common | SOLE |
| 833445109 | SNOW | SNOWFLAKE INC | $6.7M | 0.39% | 30,450 | Common | SOLE |
| 23804L103 | DDOG | DATADOG INC | $6.5M | 0.38% | 47,800 | Common | SOLE |
| 871607107 | SNPS | SYNOPSYS INC | $6.3M | 0.37% | 13,450 | Common | SOLE |
| 922475108 | VEEV | VEEVA SYS INC | $6.0M | 0.35% | 26,946 | Common | SOLE |
| 008073AA6 | AVAV 0 07/15/30 | AEROVIRONMENT INC | $6.0M | 0.35% | 5,500,000 | Common | SOLE |
| 776696106 | ROP | ROPER TECHNOLOGIES INC | $5.9M | 0.34% | 13,200 | Common | SOLE |
| 00724F101 | ADBE | ADOBE INC | $5.7M | 0.33% | 16,210 | Common | SOLE |
| 888787108 | TOST | TOAST INC | $5.6M | 0.33% | 158,300 | Common | SOLE |
| 863667101 | SYK | STRYKER CORPORATION | $5.5M | 0.32% | 15,720 | Common | SOLE |
| 631103108 | NDAQ | NASDAQ INC | $5.5M | 0.32% | 56,550 | Common | SOLE |
| 038222105 | AMAT | APPLIED MATLS INC | $5.4M | 0.31% | 21,000 | Common | SOLE |
| 461202103 | INTU | INTUIT | $5.2M | 0.30% | 7,850 | Common | SOLE |
| 74275K108 | PCOR | PROCORE TECHNOLOGIES INC | $4.9M | 0.29% | 68,050 | Common | SOLE |
| G1151C101 | ACN | ACCENTURE PLC IRELAND | $4.3M | 0.25% | 16,045 | Common | SOLE |
| 458140100 | INTC | INTEL CORP | $4.1M | 0.24% | 110,000 | Common | SOLE |
| G5279N105 | KLAR | KLARNA GROUP PLC | $3.4M | 0.20% | 117,000 | Common | SOLE |
| 98419M100 | XYL | XYLEM INC | $3.2M | 0.18% | 23,150 | Common | SOLE |
| 252131107 | DXCM | DEXCOM INC | $3.1M | 0.18% | 47,000 | Common | SOLE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $3.1M | 0.18% | 5,270 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $3.0M | 0.17% | 13,000 | Common | SOLE |
| 65339F101 | NEE | NEXTERA ENERGY INC | $2.8M | 0.16% | 34,835 | Common | SOLE |
| 58507V107 | MDLN | MEDLINE INC | $2.3M | 0.13% | 55,000 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & CO | $2.1M | 0.12% | 1,955 | Common | SOLE |
| 929740108 | WAB | WABTEC | $1.9M | 0.11% | 9,060 | Common | SOLE |
| 76954AAD5 | RIVN 3.625 10/15/30 | RIVIAN AUTOMOTIVE INC | $1.5M | 0.09% | 1,350,000 | Common | SOLE |
| G51502105 | JCI | JOHNSON CTLS INTL PLC | $1.4M | 0.08% | 11,400 | Common | SOLE |
| 336433107 | FSLR | FIRST SOLAR INC | $1.3M | 0.08% | 5,100 | Common | SOLE |
| 90353TAM2 | UBER 0.875 12/01/28 2028 | UBER TECHNOLOGIES INC | $1.3M | 0.08% | 1,010,000 | Common | SOLE |
| 84921RAB6 | SPOT 0 03/15/26 | SPOTIFY USA INC | $1.3M | 0.08% | 1,150,000 | Common | SOLE |
| 36828A101 | GEV | GE VERNOVA INC | $1.2M | 0.07% | 1,850 | Common | SOLE |
| 94106L109 | WM | WASTE MGMT INC DEL | $1.2M | 0.07% | 5,452 | Common | SOLE |
| 98978V103 | ZTS | ZOETIS INC | $1.2M | 0.07% | 9,200 | Common | SOLE |
| 81725T100 | SXT | SENSIENT TECHNOLOGIES CORP | $1.1M | 0.07% | 12,215 | Common | SOLE |
| 67059NAK4 | NTNX 0.5 12/15/29 | NUTANIX INC | $1.1M | 0.06% | 1,150,000 | Common | SOLE |
| 92338C103 | VLTO | VERALTO CORP | $973,853 | 0.06% | 9,760 | Common | SOLE |
| 833445AD1 | SNOW 0 10/01/29 | SNOWFLAKE INC | $928,006 | 0.05% | 600,000 | Common | SOLE |
| 18915MAC1 | NET 0 08/15/26 | CLOUDFLARE INC | $922,600 | 0.05% | 780,000 | Common | SOLE |
| 55306NAB0 | MKSI 1.25 06/01/30 | MKS INC. | $896,421 | 0.05% | 700,000 | Common | SOLE |
| N5505D105 | MICC | MAGNUM ICE CREAM CO NV | $881,985 | 0.05% | 55,154 | Common | SOLE |
| 23804LAD5 | DDOG 0 12/01/29 | DATADOG INC | $871,583 | 0.05% | 870,000 | Common | SOLE |
| 40637HAF6 | HALO 1 08/15/28 | HALOZYME THERAPEUTICS INC | $839,070 | 0.05% | 630,000 | Common | SOLE |
| 70202LAD4 | PSN 2.625 03/01/29 | PARSONS CORP DEL | $780,885 | 0.05% | 750,000 | Common | SOLE |
| 89677QAB3 | TCOM 0.75 06/15/29 | TRIP COM GROUP LTD | $739,772 | 0.04% | 600,000 | Common | SOLE |
| 345370CZ1 | F 0 03/15/26 | FORD MTR CO | $675,162 | 0.04% | 650,000 | Common | SOLE |
| 00827BAD8 | AFRM 0.75 12/15/29 | AFFIRM HLDGS INC | $656,824 | 0.04% | 590,000 | Common | SOLE |
| 47215PAJ5 | JD 0.25 06/01/29 | JD.COM INC | $651,775 | 0.04% | 650,000 | Common | SOLE |
| 82452JAD1 | FOUR 0.5 08/01/27 | SHIFT4 PMTS INC | $618,249 | 0.04% | 640,000 | Common | SOLE |
| 30212PBE4 | EXPE 0 02/15/26 | EXPEDIA GROUP INC | $616,341 | 0.04% | 550,000 | Common | SOLE |
| 759916AD1 | RGEN 1 12/15/28 | REPLIGEN CORP | $604,920 | 0.04% | 550,000 | Common | SOLE |
| 26210CAC8 | DBX 0 03/01/26 | DROPBOX INC | $595,674 | 0.03% | 600,000 | Common | SOLE |
| 08265TAD1 | BSY 0.375 07/01/27 | BENTLEY SYS INC | $566,009 | 0.03% | 600,000 | Common | SOLE |
| 65339KCY4 | NEE 3 03/01/27 | NEXTERA ENERGY CAP HLDGS INC | $563,756 | 0.03% | 450,000 | Common | SOLE |
| 531229AQ5 | FWONK 2.25 08/15/27 | LIBERTY MEDIA CORP DEL | $511,929 | 0.03% | 400,000 | Common | SOLE |
| 30063PAC9 | EXAS 0.375 03/01/28 | EXACT SCIENCES CORP | $464,263 | 0.03% | 450,000 | Common | SOLE |
| 40171VAC4 | GWRE 1.25 11/01/29 | GUIDEWIRE SOFTWARE INC | $419,468 | 0.02% | 380,000 | Common | SOLE |
| 98139AAD7 | WK 1.25 08/15/28 | WORKIVA INC | $350,313 | 0.02% | 350,000 | Common | SOLE |
| 44332NAB2 | HTHT 3 05/01/26 | H WORLD GROUP LTD | $256,001 | 0.01% | 200,000 | Common | SOLE |
| 94419LAP6 | W 3.25 09/15/27 | WAYFAIR INC | $254,722 | 0.01% | 150,000 | Common | SOLE |
| 26210CAD6 | DBX 0 03/01/28 | DROPBOX INC | $251,683 | 0.01% | 250,000 | Common | SOLE |
| 00971TAN1 | AKAM 1.125 02/15/29 | AKAMAI TECHNOLOGIES INC | $248,158 | 0.01% | 250,000 | Common | SOLE |
| 343412AJ1 | FLR 1.125 08/15/29 | FLUOR CORP | $229,512 | 0.01% | 200,000 | Common | SOLE |
| 62914VAK2 | NIO 4.625 10/15/30 | NIO INC | $164,586 | 0.01% | 180,000 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $105,123 | 0.01% | 335 | 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.