SEC 13F Intelligence

Managers / Q3 2023 · view latest →

DSM CAPITAL PARTNERS LLC

CIK 0001214639 · 7111 FAIRWAY DRIVE, SUITE 350, PALM BEACH GARDENS, FL, 33418 · 561-618-4000

Reported Value
$5.9B
Q3 2023
Positions
57
Filings on Record
30
2019–present window
Filed
Nov 13, 2023
original filing

Summary

Dsm Capital Partners LLC reported $5.9B in U.S.-listed holdings across 57 positions for Q3 2023.

Its largest position, MSFT, represents 12.2% of the portfolio.

Compared with Q2 2023, the fund opened 3 new positions and exited 4.

Portfolio Metrics

Turnover
+9.1%
vs prior filed quarter
Top-10 Concentration
+65.6%
share of reported value
Largest Position
+12.2%
Microsoft
New / Exited
3 / 4
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $5.8BQ4 ’18Q1 ’19: $6.8BQ2 ’19: $6.9BQ3 ’19: $6.5BQ4 ’19: $7.6BQ4 ’19Q1 ’20: $6.6BQ2 ’20: $8.4BQ3 ’20: $9.0BQ4 ’20: $9.3BQ4 ’20Q1 ’21: $9.4BQ2 ’21: $10.4BQ3 ’21: $9.6BQ4 ’21: $9.5BQ4 ’21Q1 ’22: $7.5BQ2 ’22: $6.0BQ3 ’22: $5.9BQ2 ’23: $6.2BQ2 ’23Q3 ’23: $5.9BQ4 ’23: $6.5BQ1 ’24: $7.3BQ2 ’24: $6.9BQ2 ’24Q3 ’24: $6.6BQ4 ’24: $6.5BQ1 ’25: $5.7BQ2 ’25: $6.8BQ2 ’25Q3 ’25: $7.0BQ4 ’25: $6.7BQ1 ’26: $5.7Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 89.5%Other: 9.7%ADR: 0.7%REIT: 0.0%ETP: 0.0%
  • Common Stock · 89.5% · $5.3B
  • Other · 9.7% · $577M
  • ADR · 0.7% · $41M
  • REIT · 0.0% · $3M
  • ETP · 0.0% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FTNTFortinetNEW+1.29M1.29M+$76M$76M
PAYCPaycom SoftwareNEW+231.7K231.7K+$60M$60M
CMGChipotle Mexican GrillNEW+28.7K28.7K+$53M$53M
SEDGSolarEdge TechnologiesSOLD OUT−809.5K0−$218M$0
BURLBurlington StoresSOLD OUT−40.6K0−$6M$0
DAVAEndavaSOLD OUT−26.3K0−$1M$0
UNHUnitedHealth GroupSOLD OUT−90−$4,326$0
AZNNAstraZenecaTRIMMED−1.73M39.9K−$124M$3M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2023

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosofthistory →Common Stock12.22%$724M2.29M
2GOOGLAlphabet -CL ACommon Stock8.46%$501M3.83M
3NVDANVIDIAhistory →Common Stock8.44%$501M1.15M
4AMZNAmazon.comhistory →Common Stock7.19%$426M3.35M
5ADBEAdobehistory →Common Stock5.80%$344M674.0K
6INTUIntuithistory →Common Stock5.58%$331M647.7K
7VVisahistory →Common Stock4.71%$279M1.21M
8ANETEURArista Networkshistory →Common Stock4.66%$276M1.50M
9AccentureNon-US Incorp.Common Stock4.60%$273M887.5K
10EPAMEPAM Systemshistory →Common Stock3.89%$230M901.2K
11ADSKAutodeskhistory →Common Stock3.25%$192M930.3K
12ASML HoldingADR2.99%$177M301.5K
13FISVFiservhistory →Common Stock2.52%$149M1.32M
14NBIXNeurocrine Bioscienceshistory →Common Stock2.32%$138M1.22M
15FLT1EURFleetCor Technologieshistory →Common Stock2.28%$135M528.2K
16SCHWCharles Schwabhistory →Common Stock2.26%$134M2.44M
17PYPLPaypal Holdingshistory →Common Stock2.15%$128M2.18M
18MAMasterCardhistory →Common Stock2.14%$127M320.1K
19BSXBoston Scientifichistory →Common Stock2.13%$126M2.39M
20ADPAutomatic Data Processinghistory →Common Stock2.12%$126M523.1K
21LindeCommon Stock1.88%$111M298.5K
22MNSTMonster Beveragehistory →Common Stock1.60%$95M1.79M
23ENQEntegrishistory →Common Stock1.32%$78M835.4K
24FTNTFortinethistory →Common Stock1.28%$76M1.29M
25TMOThermo Fisher Scientifichistory →Common Stock1.21%$72M141.8K
26PAYCPaycom Softwarehistory →Common Stock1.01%$60M231.7K
27CMGChipotle Mexican Grillhistory →Common Stock0.89%$53M28.7K
28IBNICICI Bankhistory →ADR0.19%$11M487.6K
29GlobantNon US Prime Listing0.16%$9M46.8K
30NSYNice LtdADR0.14%$9M50.4K
31HDBHDFC BankADR0.11%$7M112.0K
32EVVTYEvolution GamingADR0.10%$6M57.8K
33AonNon-US Incorp.Common Stock0.10%$6M17.5K
34TSMTaiwan SemiconductorADR0.09%$5M62.1K
35AZNNAstraZenecaADR0.05%$3M39.9K
36LAMRLamar AdvertisingCommon Stock0.03%$2M22.0K
37ARESAres ManagementCommon Stock0.02%$1M12.0K
38iShares Russell 1000 GrowthExchange Traded Fund0.02%$1M4.3K
39PLDPrologisCommon Stock0.02%$960,5188.6K
40TDToronto-Dominion BankNon US Prime Listing0.01%$708,64911.7K
41The Cooper CompaniesCommon Stock0.01%$707,2542.2K
42BMOBank of MontrealNon US Prime Listing0.01%$645,4377.6K
43CPCanadian Pacific RailwayNon US Prime Listing0.01%$642,8048.6K
44RYRoyal Bank of CanadaNon US Prime Listing0.01%$630,0877.2K
45CGEMYCapgeminiADR0.00%$29,315839
46DBSDYDBS GroupADR0.00%$29,150296
47SAPSAPADR0.00%$19,139148
48CAECAENon US Prime Listing0.00%$18,096775
49GIKLYGrifolsADR0.00%$17,9712.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$5.7B44Apr 29, 202613F-HRchanges · EDGAR ↗
Q4 2025$6.7B47Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$7.0B41Oct 22, 202513F-HRchanges · EDGAR ↗
Q2 2025$6.8B39Jul 24, 202513F-HRchanges · EDGAR ↗
Q1 2025$5.7B39May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$6.5B40Jan 31, 202513F-HRchanges · EDGAR ↗
Q3 2024$6.6B99Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$6.9B102Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$7.3B115May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$6.5B129Feb 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$5.9B57Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$6.2B58Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023Under review56May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review58Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$5.9B61Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$6.0B57Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$7.5B56May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$9.5B62Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$9.6B66Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$10.4B62Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$9.4B68May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$9.3B68Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$9.0B47Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$8.4B49Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$6.6B50May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$7.6B48Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$6.5B51Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$6.9B51Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$6.8B53May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$5.8B56Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.