DNCA FINANCE
Reported holdings as of Q2 2026, from 9 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| TOTALENERGIES SE | TTE | $254.7M | 3,274,674 | -5.25pp | 3q | +0.9%+$2.3M | |
| CRH PLC | CRH | $122.7M | 1,146,351 | +0.61pp | 9q | +27.1%+$26.2M | |
| ASTRAZENECA PLC | AZN | $108.9M | 581,859 | -0.86pp | 2q | +5.2%+$5.4M | |
| FERRARI N V | RACE | $100.8M | 271,698 | +0.18pp | 9q | +10.3%+$9.4M | |
| NVIDIA CORPORATION | NVDA | $81.1M | 405,123 | -0.59pp | 9q | -10.4%-$9.4M | |
| MICRON TECHNOLOGY INC | MU | $76.5M | 66,243 | +2.77pp | 7q | +37.6%+$20.9M | |
| SPACE EXPLORATION TECHN CORP | SPCX | $73.3M | 429,031 | - | new | NEW | |
| ALPHABET INC | GOOGL | $67.0M | 187,551 | -1.19pp | 9q | -30.4%-$29.3M | |
| MICROSOFT CORP | MSFT | $64.0M | 171,443 | -0.36pp | 9q | +5.1%+$3.1M | |
| AMAZON COM INC | AMZN | $61.9M | 259,776 | +0.20pp | 9q | +10.4%+$5.9M | |
| META PLATFORMS INC | META | $56.9M | 101,100 | -0.34pp | 9q | +7.0%+$3.7M | |
| ADVANCED MICRO DEVICES INC | AMD | $55.5M | 95,550 | +1.61pp | 9q | +2.6%+$1.4M | |
| APPLE INC | AAPL | $54.9M | 189,799 | +0.27pp | 9q | +15.4%+$7.3M | |
| BROADCOM INC | AVGO | $53.5M | 141,550 | -0.12pp | 9q | -7.6%-$4.4M | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $47.6M | 99,660 | +0.56pp | 9q | +10.2%+$4.4M | |
| VISA INC | V | $43.0M | 125,200 | -0.18pp | 9q | -4.0%-$1.8M | |
| ELI LILLY & CO | LLY | $34.7M | 28,936 | +1.58pp | 9q | +1399.3%+$32.4M | |
| INTEL CORP | INTC | $34.5M | 247,300 | +1.24pp | 4q | +43.4%+$10.5M | |
| GOLDMAN SACHS GROUP INC | GS | $33.0M | 32,633 | +0.15pp | 8q | +9.1%+$2.8M | |
| QIAGEN NV | QGEN | $29.4M | 759,564 | -0.31pp | 2q | HELD | |
| WALMART INC | WMT | $28.8M | 254,700 | -1.60pp | 7q | -39.6%-$18.9M | |
| PALO ALTO NETWORKS INC | PANW | $28.6M | 83,940 | +0.41pp | 9q | -21.3%-$7.7M | |
| COCA COLA CO | KO | $25.1M | 308,436 | - | new | NEW | |
| DEERE & CO | DE | $24.6M | 38,761 | -0.14pp | 9q | -6.3%-$1.6M | |
| MASTERCARD INCORPORATED | MA | $23.8M | 46,250 | -0.40pp | 9q | -14.8%-$4.1M | |
| LINDE PLC | LIN | $23.7M | 45,747 | +0.52pp | 2q | +106.9%+$12.3M | |
| ITAU UNIBANCO HLDG S A | ITUB | $20.3M | 2,481,618 | +0.15pp | 3q | +42.8%+$6.1M | |
| APPLIED MATLS INC | AMAT | $20.2M | 28,000 | +0.80pp | 4q | +211.1%+$13.7M | |
| TRANE TECHNOLOGIES PLC | TT | $18.8M | 38,250 | +0.05pp | 9q | +5.5%+$982.3K | |
| D R HORTON INC | DHI | $18.5M | 113,668 | +0.11pp | 8q | +12.9%+$2.1M | |
| ARISTA NETWORKS INC | ANET | $18.0M | 106,000 | +0.15pp | 6q | +2.7%+$467.2K | |
| NETFLIX INC | NFLX | $16.9M | 236,350 | -1.79pp | 9q | -50.0%-$16.9M | |
| HOWMET AEROSPACE INC | HWM | $16.0M | 59,680 | -0.17pp | 5q | -16.5%-$3.2M | |
| WABTEC | WAB | $13.7M | 50,824 | +0.31pp | 9q | +103.6%+$7.0M | |
| RALPH LAUREN CORP | RL | $13.4M | 33,500 | - | new | NEW | |
| ORACLE CORP | ORCL | $12.6M | 85,700 | -0.10pp | 7q | +2.1%+$263.8K | |
| EATON CORP PLC | ETN | $12.2M | 28,645 | +0.05pp | 2q | +9.2%+$1.0M | |
| GENERAL MTRS CO | GM | $11.6M | 149,951 | +0.10pp | 3q | +39.0%+$3.2M | |
| VERTIV HOLDINGS CO | VRT | $11.4M | 34,197 | -0.28pp | 8q | -41.5%-$8.1M | |
| CROWDSTRIKE HLDGS INC | CRWD | $11.3M | 14,850 | +0.18pp | 9q | -11.0%-$1.4M | |
| MARVELL TECHNOLOGY INC | MRVL | $11.0M | 36,900 | - | new | NEW | |
| SNOWFLAKE INC | SNOW | $10.2M | 39,900 | +0.16pp | 7q | +2.8%+$279.9K | |
| INTUITIVE SURGICAL INC | ISRG | $9.6M | 24,200 | -0.17pp | 9q | +1.0%+$99.4K | |
| NU HLDGS LTD | NU | $9.6M | 716,050 | +0.02pp | 2q | +31.6%+$2.3M | |
| SERVICENOW INC | NOW | $9.0M | 91,150 | +0.22pp | 9q | +147.0%+$5.4M | |
| FORGENT POWER SOLUTIONS INC | FPS | $8.0M | 143,400 | -0.16pp | 2q | -56.3%-$10.3M | |
| TJX COS INC NEW | TJX | $7.6M | 50,000 | - | new | NEW | |
| UBER TECHNOLOGIES INC | UBER | $7.4M | 102,600 | -0.05pp | 9q | +2.6%+$187.6K | |
| THERMO FISHER SCIENTIFIC INC | TMO | $7.2M | 14,335 | -0.06pp | 9q | HELD | |
| DATADOG INC | DDOG | $7.1M | 27,400 | +0.17pp | 9q | +2.8%+$195.3K | |
| STRYKER CORPORATION | SYK | $6.7M | 21,320 | -0.08pp | 9q | HELD | |
| BOOKING HOLDINGS INC | BKNG | $6.6M | 37,250 | -0.03pp | 7q | +2469.0%+$6.4M | |
| SHOPIFY INC | SHOP | $6.5M | 56,500 | -0.06pp | 2q | +2.7%+$171.3K | |
| OKTA INC | OKTA | $6.2M | 45,150 | +0.10pp | 2q | +2.6%+$156.9K | |
| TEXAS INSTRS INC | TXN | $6.1M | 20,400 | +0.02pp | 2q | -17.1%-$1.3M | |
| SPOTIFY TECHNOLOGY S A | SPOT | $6.1M | 13,200 | -0.01pp | 9q | +21.1%+$1.1M | |
| SALESFORCE INC | CRM | $6.0M | 38,200 | -0.34pp | 9q | -35.3%-$3.3M | |
| APPLOVIN CORP | APP | $5.7M | 11,100 | +0.03pp | 4q | +1.8%+$103.0K | |
| ENTEGRIS INC | ENTG | $5.7M | 31,750 | - | new | NEW | |
| INNIO NV | INIO | $5.6M | 142,000 | - | new | NEW | |
| AEROVIRONMENT INC | $5.1M | 5,350,000 | -0.05pp | 4q | DEBT | ||
| SYNOPSYS INC | SNPS | $4.9M | 10,950 | -0.01pp | 9q | +1.9%+$89.2K | |
| ALPHABET INC | GOOGN | $4.8M | 94,000 | - | new | NEW | |
| AUTODESK INC | ADSK | $4.6M | 23,450 | -0.09pp | 7q | +2.9%+$126.4K | |
| NASDAQ INC | NDAQ | $4.1M | 52,650 | -0.05pp | 7q | +2.5%+$102.5K | |
| VEEVA SYS INC | VEEV | $4.1M | 22,860 | -0.03pp | 8q | +2.2%+$88.7K | |
| COHERENT CORP | COHR | $3.9M | 10,000 | - | new | NEW | |
| KLARNA GROUP PLC | KLAR | $3.5M | 171,500 | +0.04pp | 4q | HELD | |
| SNOWFLAKE INC | $3.1M | 1,750,000 | - | new | DEBT | ||
| PONY AI INC | PONY | $3.0M | 426,800 | +0.04pp | 2q | +127.6%+$1.7M | |
| FLUTTER ENTMT PLC | FLUT | $2.8M | 27,940 | -0.67pp | 9q | -79.9%-$11.2M | |
| PROCORE TECHNOLOGIES INC | PCOR | $2.5M | 62,550 | -0.08pp | 9q | +2.7%+$67.0K | |
| DEXCOM INC | DXCM | $2.4M | 36,000 | -0.15pp | 3q | -52.0%-$2.6M | |
| FERRARI N V OPT | RACE | $2.4M | options only | - | new | OPTIONS | |
| CEREBRAS SYSTEMS INC | CBRS | $2.2M | 10,000 | - | new | NEW | |
| RIVIAN AUTOMOTIVE INC | $2.1M | 1,950,000 | +0.01pp | 7q | DEBT | ||
| JOHNSON CONTROLS INTERNATION | JCI | $2.0M | 14,025 | +0.03pp | 9q | +51.6%+$697.7K | |
| TOAST INC | TOST | $2.0M | 72,600 | flat | 9q | +8.4%+$155.8K | |
| STRATEGY INC | $2.0M | 1,950,000 | +0.06pp | 2q | DEBT | ||
| DOORDASH INC | $1.9M | 1,950,000 | - | new | DEBT | ||
| GE VERNOVA INC | GEV | $1.8M | 1,555 | -0.01pp | 3q | -24.0%-$575.7K | |
| XYLEM INC | XYL | $1.7M | 14,520 | -0.02pp | 9q | -3.5%-$62.7K | |
| FIRST SOLAR INC | FSLR | $1.6M | 6,900 | flat | 9q | HELD | |
| NEXTERA ENERGY INC | NEE | $1.6M | 18,050 | -0.02pp | 9q | -1.9%-$30.7K | |
| CLOUDFLARE INC | $1.5M | 1,150,000 | - | new | DEBT | ||
| NUTANIX INC | $1.2M | 1,250,000 | -0.01pp | 3q | DEBT | ||
| UBER TECHNOLOGIES INC | $1.2M | 960,000 | +0.04pp | 7q | DEBT | ||
| NEWMONT CORP | NEM | $1.1M | 11,389 | -1.02pp | 3q | -93.4%-$15.1M | |
| MARA HOLDINGS INC | $1.1M | 1,050,000 | +0.02pp | 2q | DEBT | ||
| DATADOG INC | $1.1M | 740,000 | -0.01pp | 3q | DEBT | ||
| PROLOGIS INC. | PLD | $1.0M | 7,665 | +0.02pp | 2q | +74.0%+$441.6K | |
| SENSIENT TECHNOLOGIES CORP | SXT | $1.0M | 8,365 | +0.01pp | 3q | HELD | |
| CLOUDFLARE INC | $1.0M | 780,000 | flat | 9q | DEBT | ||
| CYBERARK SOFTWARE LTD | $999.0K | 600,000 | - | new | DEBT | ||
| WASTE MGMT INC DEL | WM | $994.0K | 4,460 | -0.01pp | 7q | -5.5%-$57.9K | |
| TOTALENERGIES SE OPT | TTE | $960.8K | options only | - | new | OPTIONS | |
| ARM HOLDINGS PLC | ARM | $952.0K | 2,685 | - | new | NEW | |
| DANAHER CORP DEL | DHR | $895.3K | 4,700 | -0.01pp | 9q | HELD | |
| WESTERN DIGITAL CORP | $885.8K | 55,000 | - | new | DEBT | ||
| FLUOR CORP | $599.0K | 450,000 | flat | 7q | DEBT | ||
| NEXTERA ENERGY CAP HLDGS INC | $597.6K | 450,000 | -0.01pp | 6q | DEBT | ||
| MKS INC. | $590.5K | 200,000 | - | new | DEBT | ||
| VERALTO CORP | VLTO | $568.4K | 6,410 | flat | 9q | HELD | |
| ETSY INC | $549.6K | 520,000 | - | new | DEBT | ||
| LIBERTY MEDIA CORP DEL | $494.4K | 400,000 | flat | 7q | DEBT | ||
| ORACLE CORP | ORCLPRD | $449.5K | 10,000 | - | new | NEW | |
| GUARDANT HEALTH INC | $436.0K | 350,000 | flat | 2q | DEBT | ||
| GUIDEWIRE SOFTWARE INC | $366.5K | 380,000 | flat | 3q | DEBT | ||
| REPLIGEN CORP | $359.0K | 350,000 | flat | 7q | DEBT | ||
| DROPBOX INC | $352.6K | 350,000 | +0.01pp | 9q | DEBT | ||
| PARSONS CORP DEL | $348.9K | 350,000 | flat | 6q | DEBT | ||
| DIGITALOCEAN HLDGS INC | $283.2K | 250,000 | - | new | DEBT | ||
| QUANTINUUM INC | QNT | $204.3K | 2,500 | - | new | NEW | |
| STELLANTIS N.V | STLA | $135.6K | 23,801 | -0.02pp | 9q | -65.6%-$258.1K | |
| CATERPILLAR INC | CAT | $95.8K | 90 | - | new | NEW | |
| ALPHABET INC | GOOG | $90.5K | 256 | -0.01pp | 3q | -70.9%-$220.5K | |
| WELLTOWER INC | WELL | $79.4K | 350 | - | new | NEW | |
| DIGITAL RLTY TR INC | DLR | $62.9K | 350 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Semiconductors & Electronics | $409.8M | 19.9% |
| Software & IT Services | $286.4M | 13.9% |
| Energy | $255.7M | 12.4% |
| Biotech & Pharma | $173.0M | 8.4% |
| Construction & Building | $141.2M | 6.8% |
| Autos & Aerospace | $128.5M | 6.2% |
| Retail & Consumer | $111.8M | 5.4% |
| Computer Hardware | $101.6M | 4.9% |
| Business Services | $74.1M | 3.6% |
| Industrials | $40.7M | 2.0% |
| Capital Markets | $37.2M | 1.8% |
| Banks & Lending | $33.3M | 1.6% |
| Other sectors | $156.1M | 7.6% |
| Not classified | $114.6M | 5.6% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $2.1B | 118 | 26 | 50 | 25 | 13 | 49.0% | 44 |
| Q1 2026 | $1.7B | 105 | 18 | 30 | 44 | 21 | 55.1% | 44 |
| Q4 2025 | $1.7B | 108 | 14 | 25 | 30 | 15 | 54.9% | 44 |
| Q3 2025 | $1.5B | 109 | 10 | 42 | 34 | 10 | 47.0% | 45 |
| Q2 2025 | $1.3B | 109 | 11 | 32 | 39 | 37 | 46.3% | 44 |
| Q1 2025 | $1.2B | 135 | 14 | 38 | 50 | 16 | 42.5% | 44 |
| Q4 2024 | $1.3B | 137 | 17 | 47 | 40 | 4 | 43.8% | 44 |
| Q3 2024 | $1.2B | 124 | 17 | 25 | 44 | 14 | 46.3% | 44 |
| Q2 2024 | $1.2B | 121 | 0 | 0 | 0 | 0 | 46.7% | 15 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.