# DNCA FINANCE

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1752759. Source: https://holderbook.com/funds/1752759-dnca-finance/

- Reported value: $2.1B
- Positions: 118
- Weight of the ten largest: 49.0%
- Filed: 2026-08-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $254.7M | 3,274,674 | 12.3% | 3 |
| CRH PLC | [CRH](https://holderbook.com/stocks/CRH/) | $122.7M | 1,146,351 | 5.9% | 9 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $108.9M | 581,859 | 5.3% | 2 |
| FERRARI N V | [RACE](https://holderbook.com/stocks/RACE/) | $100.8M | 271,698 | 4.9% | 9 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $81.1M | 405,123 | 3.9% | 9 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $76.5M | 66,243 | 3.7% | 7 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $73.3M | 429,031 | 3.6% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $67.0M | 187,551 | 3.2% | 9 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $64.0M | 171,443 | 3.1% | 9 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $61.9M | 259,776 | 3.0% | 9 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $56.9M | 101,100 | 2.8% | 9 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $55.5M | 95,550 | 2.7% | 9 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $54.9M | 189,799 | 2.7% | 9 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $53.5M | 141,550 | 2.6% | 9 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $47.6M | 99,660 | 2.3% | 9 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $43.0M | 125,200 | 2.1% | 9 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $34.7M | 28,936 | 1.7% | 9 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $34.5M | 247,300 | 1.7% | 4 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $33.0M | 32,633 | 1.6% | 8 |
| QIAGEN NV | [QGEN](https://holderbook.com/stocks/QGEN/) | $29.4M | 759,564 | 1.4% | 2 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $28.8M | 254,700 | 1.4% | 7 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $28.6M | 83,940 | 1.4% | 9 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $25.1M | 308,436 | 1.2% | 1 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $24.6M | 38,761 | 1.2% | 9 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $23.8M | 46,250 | 1.2% | 9 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $23.7M | 45,747 | 1.2% | 2 |
| ITAU UNIBANCO HLDG S A | [ITUB](https://holderbook.com/stocks/ITUB/) | $20.3M | 2,481,618 | 1.0% | 3 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $20.2M | 28,000 | 1.0% | 4 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $18.8M | 38,250 | 0.9% | 9 |
| D R HORTON INC | [DHI](https://holderbook.com/stocks/DHI/) | $18.5M | 113,668 | 0.9% | 8 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $18.0M | 106,000 | 0.9% | 6 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $16.9M | 236,350 | 0.8% | 9 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $16.0M | 59,680 | 0.8% | 5 |
| WABTEC | [WAB](https://holderbook.com/stocks/WAB/) | $13.7M | 50,824 | 0.7% | 9 |
| RALPH LAUREN CORP | [RL](https://holderbook.com/stocks/RL/) | $13.4M | 33,500 | 0.7% | 1 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $12.6M | 85,700 | 0.6% | 7 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $12.2M | 28,645 | 0.6% | 2 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $11.6M | 149,951 | 0.6% | 3 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $11.4M | 34,197 | 0.6% | 8 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $11.3M | 14,850 | 0.5% | 9 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $11.0M | 36,900 | 0.5% | 1 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $10.2M | 39,900 | 0.5% | 7 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $9.6M | 24,200 | 0.5% | 9 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $9.6M | 716,050 | 0.5% | 2 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $9.0M | 91,150 | 0.4% | 9 |
| FORGENT POWER SOLUTIONS INC | [FPS](https://holderbook.com/stocks/FPS/) | $8.0M | 143,400 | 0.4% | 2 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $7.6M | 50,000 | 0.4% | 1 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $7.4M | 102,600 | 0.4% | 9 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $7.2M | 14,335 | 0.3% | 9 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $7.1M | 27,400 | 0.3% | 9 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $6.7M | 21,320 | 0.3% | 9 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $6.6M | 37,250 | 0.3% | 7 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $6.5M | 56,500 | 0.3% | 2 |
| OKTA INC | [OKTA](https://holderbook.com/stocks/OKTA/) | $6.2M | 45,150 | 0.3% | 2 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $6.1M | 20,400 | 0.3% | 2 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $6.1M | 13,200 | 0.3% | 9 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $6.0M | 38,200 | 0.3% | 9 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $5.7M | 11,100 | 0.3% | 4 |
| ENTEGRIS INC | [ENTG](https://holderbook.com/stocks/ENTG/) | $5.7M | 31,750 | 0.3% | 1 |
| INNIO NV | [INIO](https://holderbook.com/stocks/INIO/) | $5.6M | 142,000 | 0.3% | 1 |
| AEROVIRONMENT INC | - | $5.1M | 5,350,000 | 0.2% | 4 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $4.9M | 10,950 | 0.2% | 9 |
| ALPHABET INC | [GOOGN](https://holderbook.com/stocks/GOOGN/) | $4.8M | 94,000 | 0.2% | 1 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $4.6M | 23,450 | 0.2% | 7 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $4.1M | 52,650 | 0.2% | 7 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $4.1M | 22,860 | 0.2% | 8 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $3.9M | 10,000 | 0.2% | 1 |
| KLARNA GROUP PLC | [KLAR](https://holderbook.com/stocks/KLAR/) | $3.5M | 171,500 | 0.2% | 4 |
| SNOWFLAKE INC | - | $3.1M | 1,750,000 | 0.1% | 1 |
| PONY AI INC | [PONY](https://holderbook.com/stocks/PONY/) | $3.0M | 426,800 | 0.1% | 2 |
| FLUTTER ENTMT PLC | [FLUT](https://holderbook.com/stocks/FLUT/) | $2.8M | 27,940 | 0.1% | 9 |
| PROCORE TECHNOLOGIES INC | [PCOR](https://holderbook.com/stocks/PCOR/) | $2.5M | 62,550 | 0.1% | 9 |
| DEXCOM INC | [DXCM](https://holderbook.com/stocks/DXCM/) | $2.4M | 36,000 | 0.1% | 3 |
| FERRARI N V | [RACE](https://holderbook.com/stocks/RACE/) | $2.4M | 0 | 0.1% | 1 |
| CEREBRAS SYSTEMS INC | [CBRS](https://holderbook.com/stocks/CBRS/) | $2.2M | 10,000 | 0.1% | 1 |
| RIVIAN AUTOMOTIVE INC | - | $2.1M | 1,950,000 | 0.1% | 7 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $2.0M | 14,025 | 0.1% | 9 |
| TOAST INC | [TOST](https://holderbook.com/stocks/TOST/) | $2.0M | 72,600 | 0.1% | 9 |
| STRATEGY INC | - | $2.0M | 1,950,000 | 0.1% | 2 |
| DOORDASH INC | - | $1.9M | 1,950,000 | 0.1% | 1 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $1.8M | 1,555 | 0.1% | 3 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $1.7M | 14,520 | 0.1% | 9 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $1.6M | 6,900 | 0.1% | 9 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.6M | 18,050 | 0.1% | 9 |
| CLOUDFLARE INC | - | $1.5M | 1,150,000 | 0.1% | 1 |
| NUTANIX INC | - | $1.2M | 1,250,000 | 0.1% | 3 |
| UBER TECHNOLOGIES INC | - | $1.2M | 960,000 | 0.1% | 7 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $1.1M | 11,389 | 0.1% | 3 |
| MARA HOLDINGS INC | - | $1.1M | 1,050,000 | 0.1% | 2 |
| DATADOG INC | - | $1.1M | 740,000 | 0.1% | 3 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $1.0M | 7,665 | 0.1% | 2 |
| SENSIENT TECHNOLOGIES CORP | [SXT](https://holderbook.com/stocks/SXT/) | $1.0M | 8,365 | 0.0% | 3 |
| CLOUDFLARE INC | - | $1.0M | 780,000 | 0.0% | 9 |
| CYBERARK SOFTWARE LTD | - | $999.0K | 600,000 | 0.0% | 1 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $994.0K | 4,460 | 0.0% | 7 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $960.8K | 0 | 0.0% | 1 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $952.0K | 2,685 | 0.0% | 1 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $895.3K | 4,700 | 0.0% | 9 |
| WESTERN DIGITAL CORP | - | $885.8K | 55,000 | 0.0% | 1 |
| FLUOR CORP | - | $599.0K | 450,000 | 0.0% | 7 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.6% | +14.8% | -4.3% | 99% |
| Q1 2026 | -1.7% | -4.6% | +2.9% | 98% |
| Q4 2025 | -1.5% | +2.4% | -3.9% | 98% |
| Q3 2025 | +4.2% | +7.8% | -3.7% | 98% |
| Q2 2025 | +16.3% | +10.5% | +5.8% | 95% |
| Q1 2025 | -5.8% | -4.6% | -1.2% | 98% |
| Q4 2024 | +1.9% | +2.1% | -0.3% | 97% |
| Q3 2024 | +6.8% | +5.4% | +1.3% | 97% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.1B | 118 |
| Q1 2026 | $1.7B | 105 |
| Q4 2025 | $1.7B | 108 |
| Q3 2025 | $1.5B | 109 |
| Q2 2025 | $1.3B | 109 |
| Q1 2025 | $1.2B | 135 |
| Q4 2024 | $1.3B | 137 |
| Q3 2024 | $1.2B | 124 |
| Q2 2024 | $1.2B | 121 |