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Livermore
Livermore
ZHEN

DSM Capital Partners LLC

SEC CIK
0001214639
Latest filing
Aug 3, 2026

The latest 13F from DSM Capital Partners LLC covers Q2 2026 (filed Aug 3, 2026): 70 long positions worth $5.84B. The top 10 holdings make up 67.7% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 16.1%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
32
Est. +$515.8M
Added
13
Est. +$214.4M
Reduced
25
Est. −$1.17B
Sold out
6
Est. −$165.3M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    16.1%$941.0MHistory
  2. GOOGLAlphabet Inc.
    9.4%$546.2MHistory
  3. AVGOBroadcom Inc.
    9.2%$534.4MHistory
  4. ANETArista Networks, Inc.
    7.7%$447.1MHistory
  5. MSFTMicrosoft Corp
    5.4%$316.3MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. APHAmphenol Corp
    +$125.2MNewHistory
  2. KEYSKeysight Technologies, Inc.
    +$92.8MNewHistory
  3. DELLDell Technologies Inc.
    +$91.4MNewHistory
  4. ATIAti Inc
    +$86.9MNewHistory
  5. COHRCoherent Corp.
    +$70.9MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. APHAmphenol Corp
    +2.14 pp0.0% → 2.1%History
  2. KEYSKeysight Technologies, Inc.
    +1.59 pp0.0% → 1.6%History
  3. DELLDell Technologies Inc.
    +1.56 pp0.0% → 1.6%History
  4. ATIAti Inc
    +1.49 pp0.0% → 1.5%History
  5. COHRCoherent Corp.
    +1.21 pp0.0% → 1.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MSFTMicrosoft Corp
    −$258.9MReducedHistory
  2. VVisa Inc.
    −$151.5MReducedHistory
  3. AMZNAmazon Com Inc
    −$150.5MReducedHistory
  4. INTUIntuit Inc.
    −$133.8MSold outHistory
  5. NVDANVIDIA Corp
    −$101.1MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. MSFTMicrosoft Corp
    −4.67 pp10.1% → 5.4%History
  2. INTUIntuit Inc.
    −2.36 pp2.4% → 0.0%History
  3. VVisa Inc.
    −2.35 pp2.4% → 0.1%History
  4. AMZNAmazon Com Inc
    −1.79 pp7.2% → 5.4%History
  5. MAMastercard Inc
    −1.56 pp1.9% → 0.3%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$5.84B
+$181.7M (+3.2%) vs. prior quarter
Positions
70
+26 vs. prior quarter
Top 10 concentration
67.7%
Top 10 as share of value
Turnover
12.7%
Q2 2026, one quarter
Average holding period
12.8 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $10.4B (Q2 2021)

Q1 2021: $9.40BQ2 2021: $10.4BQ3 2021: $9.65BQ4 2021: $9.55BQ1 2022: $7.49BQ2 2022: $5.96BQ3 2022: $5.90BQ4 2022: $6.01BQ1 2023: $6.11BQ2 2023: $6.18BQ3 2023: $5.93BQ4 2023: $6.54BQ1 2024: $7.32BQ2 2024: $6.90BQ3 2024: $6.55BQ4 2024: $6.48BQ1 2025: $5.72BQ2 2025: $6.77BQ3 2025: $7.02BQ4 2025: $6.75BQ1 2026: $5.66BQ2 2026: $5.84B
Q1 2021Q2 2026
13F filings of DSM Capital Partners LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 3, 202670$5.84BNVDAGOOGLAVGOvs. Q1 2026SEC
Q1 2026Apr 29, 202644$5.66BNVDAMSFTGOOGLvs. Q4 2025SEC
Q4 2025Feb 12, 202647$6.75BNVDAMSFTGOOGLvs. Q3 2025SEC
Q3 2025Oct 22, 202541$7.02BNVDAMSFTAMZNvs. Q2 2025SEC
Q2 2025Jul 24, 202539$6.77BNVDAMSFTAMZNvs. Q1 2025SEC
Q1 2025May 13, 202539$5.72BNVDAMSFTAMZNvs. Q4 2024SEC
Q4 2024Jan 31, 202540$6.48BNVDAMSFTAMZNvs. Q3 2024SEC
Q3 2024Nov 14, 202499$6.55BNVDAMSFTAMZNvs. Q2 2024SEC
Q2 2024Aug 14, 2024102$6.90BNVDAMSFTAMZNvs. Q1 2024SEC
Q1 2024May 13, 2024115$7.32BNVDAMSFTAMZNvs. Q4 2023SEC
Q4 2023Feb 12, 2024129$6.54BMSFTAMZNNVDAvs. Q3 2023SEC
Q3 2023Nov 13, 202357$5.93BMSFTGOOGLNVDAvs. Q2 2023SEC
Q2 2023Aug 11, 202358$6.18BMSFTAMZNNVDAvs. Q1 2023SEC
Q1 2023May 12, 202356$6.11BMSFTAMZNVvs. Q4 2022SEC
Q4 2022Feb 13, 202358$6.01BMSFTGOOGLAMZNvs. Q3 2022SEC
Q3 2022Nov 14, 202261$5.90BMSFTGOOGLSCHWvs. Q2 2022SEC
Q2 2022Aug 12, 202257$5.96BMSFTGOOGLSCHWvs. Q1 2022SEC
Q1 2022May 13, 202256$7.49BMSFTGOOGLSCHWvs. Q4 2021SEC
Q4 2021Feb 14, 202262$9.55BMSFTGOOGLMETAvs. Q3 2021SEC
Q3 2021Nov 12, 202166$9.65BMSFTGOOGLMETAvs. Q2 2021SEC
Q2 2021Aug 13, 202162$10.4BGOOGLMSFTMETAvs. Q1 2021SEC
Q1 2021May 14, 202168$9.40BGOOGLMSFTMETA–SEC