DNCA FINANCE

CIK 1752759 · View on SEC EDGAR ↗

Portfolio value
$2.1B
#1,482 of 9,443 by 13F value · top 15.7%
Positions
118
As of
June 30, 2026

Portfolio value QoQ: +18.5% 13F does not disclose cash

Top 10 holdings weight
48.97%
Top 25 holdings weight
76.78%
Positions above 1%
26
Effective number of positions
26.4

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 11.62% Est. buys $373,671,461 · sells $220,997,919

Median holding: 3.0 quarters Tracked Q4 2024–Q2 2026 · 54.1% still held

New positions
26
Increased
50
Decreased
25
Closed
7
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+19.8%
S&P 500 total return (same window)
+28.1%
Excess return
-8.3%

Annualized: +12.8% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 96.4% · Options excluded: 0.0%

Sector breakdown

Technology
30.6%
Energy
12.3%
Industrials
11.9%
Healthcare
9.9%
Communication Services
7.1%
Consumer Discretionary
6.6%
Financial Services
5.3%
Retail
4.8%
Financials
1.4%
Materials
1.3%
Consumer Staples
1.2%
Consumer products
0.9%
Communications
0.9%
Utilities
0.1%
Real Estate
0.1%
Other/Unmapped
5.7%

Full portfolio 118 positions

Type Streak 8Q trend
TTE TotalEnergies SE Ordinary Shares $254,699,883 12.34% 3,274,674 $-47,424,041 Up ×1
CRH CRH PLC Ordinary Shares $122,659,557 5.94% 1,146,351 $29,440,453 Up ×4
AZN AstraZeneca PLC - American Depositary Shares $108,890,402 5.28% 581,859 $1,786,387 Up ×1
RACE Ferrari N.V. Common Shares $100,753,594 4.88% 271,698 $18,705,227 Up ×3
NVDA NVIDIA Corporation - Common Stock $81,061,061 3.93% 405,123 $2,210,287 Down ×1
MU Micron Technology, Inc. - Common Stock $76,463,632 3.70% 66,243 $60,196,636 Up ×2
Unknown issuer (CUSIP: 84615Q103) $73,304,237 3.55% 429,031 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $67,025,101 3.25% 187,551 $-10,477,783 Down ×3
MSFT Microsoft Corporation - Common Stock $63,951,668 3.10% 171,443 $3,576,941 Up ×1
AMZN Amazon.com, Inc. - Common Stock $61,915,012 3.00% 259,776 $12,929,908 Up ×6
META Meta Platforms, Inc. - Class A Common Stock $56,948,619 2.76% 101,100 $2,882,334 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $55,505,951 2.69% 95,550 $36,566,618 Up ×6
AAPL Apple Inc. - Common Stock $54,920,239 2.66% 189,799 $13,171,784 Up ×1
AVGO Broadcom Inc. - Common Stock $53,470,513 2.59% 141,550 $6,069,056 Down ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $47,594,626 2.31% 99,660 $17,039,215 Up ×3
V Visa Inc. $42,954,868 2.08% 125,200 $3,542,772 Down ×2
LLY Eli Lilly and Company Common Stock $34,706,706 1.68% 28,936 $32,931,550 Up ×1
INTC Intel Corporation - Common Stock $34,530,499 1.67% 247,300 $26,922,487 Up ×2
GS Goldman Sachs Group, Inc. (The) Common Stock $33,004,037 1.60% 32,633 $7,709,782 Up ×1
QGEN Qiagen N.V. Common Shares $29,439,083 1.43% 759,564 $-968,686
WMT Walmart Inc. - Common Stock $28,847,322 1.40% 254,700 $-23,576,915 Down ×3
PANW Palo Alto Networks, Inc. - Common Stock $28,625,219 1.39% 83,940 $11,527,412 Down ×2
KO Coca-Cola Company (The) Common Stock $25,066,594 1.21% 308,436
DE Deere & Company Common Stock $24,587,265 1.19% 38,761 $1,295,373 Down ×1
MA Mastercard Incorporated Common Stock $23,754,000 1.15% 46,250 $-3,377,538 Down ×1
LIN Linde plc - Ordinary Shares $23,739,948 1.15% 45,747 $12,776,711 Up ×1
ITUB Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares) $20,274,819 0.98% 2,481,618 $5,716,488 Up ×2
AMAT Applied Materials, Inc. - Common Stock $20,244,000 0.98% 28,000 $17,167,890 Up ×1
TT Trane Technologies plc $18,786,870 0.91% 38,250 $3,680,045 Up ×1
DHI D.R. Horton, Inc. Common Stock $18,514,244 0.90% 113,668 $4,703,874 Up ×1
ANET Arista Networks, Inc. Common Stock $18,007,280 0.87% 106,000 $5,330,245 Up ×1
NFLX Netflix, Inc. - Common Stock $16,875,390 0.82% 236,350 $-28,614,040 Down ×1
HWM Howmet Aerospace Inc. Common Stock $16,045,565 0.78% 59,680 $-423,568 Down ×1
WAB Westinghouse Air Brake Technologies Corporation Common Stock $13,702,150 0.66% 50,824 $7,464,396 Up ×2
RL Ralph Lauren Corporation Common Stock $13,447,235 0.65% 33,500
ORCL Oracle Corporation Common Stock $12,559,335 0.61% 85,700 $216,806 Up ×1
ETN Eaton Corporation, PLC Ordinary Shares $12,206,207 0.59% 28,645 $2,822,377 Up ×1
GM General Motors Company Common Stock $11,558,223 0.56% 149,951 $3,523,919 Up ×1
VRT Vertiv Holdings, LLC Class A Common Stock $11,449,840 0.55% 34,197 $-3,201,573 Down ×1
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $11,332,629 0.55% 14,850 $4,820,590 Down ×2
MRVL Marvell Technology, Inc. - Common Stock $10,992,141 0.53% 36,900 Up ×1
SNOW Snowflake Inc. Common Stock $10,154,550 0.49% 39,900 $4,302,734 Up ×2
ISRG Intuitive Surgical, Inc. - Common Stock $9,623,856 0.47% 24,200 $-1,416,855 Up ×1
NU Nu Holdings Ltd. Class A Ordinary Shares $9,566,428 0.46% 716,050 $1,749,148 Up ×1
NOW ServiceNow, Inc. Common Stock $9,049,372 0.44% 91,150 $5,191,477 Up ×1
FPS Forgent Power Solutions, Inc. Class A Common Stock $8,010,324 0.39% 143,400 $-1,590,236 Down ×1
TJX TJX Companies, Inc. (The) Common Stock $7,575,000 0.37% 50,000 Up ×1
UBER Uber Technologies, Inc. Common Stock $7,403,616 0.36% 102,600 $210,616 Up ×1
TMO Thermo Fisher Scientific Inc Common Stock $7,186,996 0.35% 14,335 $140,913
DDOG Datadog, Inc. - Class A Common Stock $7,133,864 0.35% 27,400 $3,987,831 Up ×1
SYK Stryker Corporation Common Stock $6,712,389 0.33% 21,320 $-293,150
BKNG Booking Holdings Inc. - Common Stock $6,639,440 0.32% 37,250 $534,476 Up ×1
SHOP Shopify Inc. - Class A Subordinate Voting Shares $6,451,170 0.31% 56,500 $-72,930 Up ×1
OKTA Okta, Inc. - Class A Common Stock $6,160,718 0.30% 45,150 $2,697,478 Up ×1
TXN Texas Instruments Incorporated - Common Stock $6,080,628 0.29% 20,400 $1,304,784 Down ×1
SPOT Spotify Technology S.A. Ordinary Shares $6,060,516 0.29% 13,200 $774,997 Up ×1
CRM Salesforce, Inc. Common Stock $5,984,412 0.29% 38,200 $-5,029,118 Down ×2
APP Applovin Corporation - Class A Common Stock $5,719,053 0.28% 11,100 $1,380,853 Up ×1
ENTG Entegris, Inc. - Common Stock $5,710,555 0.28% 31,750 Up ×1
Unknown issuer (CUSIP: N52A8C105) $5,616,100 0.27% 142,000 Up ×1
Unknown issuer (CUSIP: 008073AA6) $5,075,593 0.25% 5,350,000 $-78,574 Up ×1
SNPS Synopsys, Inc. - Common Stock $4,884,467 0.24% 10,950 $622,307 Up ×1
Unknown issuer (CUSIP: 02079K404) $4,783,660 0.23% 94,000 Up ×1
ADSK Autodesk, Inc. - Common Stock $4,559,149 0.22% 23,450 $-899,171 Up ×1
NDAQ Nasdaq, Inc. - Common Stock $4,149,873 0.20% 52,650 $-209,229 Up ×1
VEEV Veeva Systems Inc. Class A Common Stock $4,056,964 0.20% 22,860 $129,206 Up ×1
COHR Coherent Corp. Common Stock $3,944,700 0.19% 10,000 Up ×1
KLAR Klarna Group plc Ordinary Shares $3,471,160 0.17% 171,500 $1,226,225
Unknown issuer (CUSIP: 833445AD1) $3,094,298 0.15% 1,750,000
PONY Pony AI Inc. - American Depositary Shares $2,966,260 0.14% 426,800 $1,196,260 Up ×1
FLUT Flutter Entertainment plc Ordinary Shares $2,812,402 0.14% 27,940 $-11,311,524 Down ×1
PCOR Procore Technologies, Inc. Common Stock $2,540,781 0.12% 62,550 $-930,519 Up ×1
DXCM DexCom, Inc. - Common Stock $2,424,600 0.12% 36,000 $-2,285,400 Down ×1
Unknown issuer (CUSIP: N3167Y903) $2,384,596 0.12% 700 Call option Up ×1
Unknown issuer (CUSIP: 15675D103) $2,210,000 0.11% 10,000 Up ×1
Unknown issuer (CUSIP: 76954AAD5) $2,101,807 0.10% 1,950,000 $447,448 Up ×2
JCI Johnson Controls International plc Ordinary Share $2,049,193 0.10% 14,025 $837,905 Up ×1
TOST Toast, Inc. Class A Common Stock $2,019,732 0.10% 72,600 $243,562 Up ×1
Unknown issuer (CUSIP: 594972AQ4) $2,005,025 0.10% 1,950,000 $1,288,542 Up ×1
Unknown issuer (CUSIP: 25809KAB1) $1,919,740 0.09% 1,950,000 Up ×1
GEV GE Vernova Inc. Common Stock $1,826,907 0.09% 1,555 $41,826 Down ×1
XYL Xylem Inc. Common Stock New $1,716,409 0.08% 14,520 $-82,066 Down ×2
FSLR First Solar, Inc. - Common Stock $1,628,124 0.08% 6,900 $267,030
NEE NextEra Energy, Inc. Common Stock $1,584,249 0.08% 18,050 $-124,743 Down ×2
Unknown issuer (CUSIP: 18915MAF4) $1,459,753 0.07% 1,150,000 Up ×1
Unknown issuer (CUSIP: 67059NAK4) $1,228,548 0.06% 1,250,000 $91,586
Unknown issuer (CUSIP: 90353TAM2) $1,153,243 0.06% 960,000 $839,361 Up ×1
NEM Newmont Corporation $1,063,733 0.05% 11,389 $-17,674,234 Down ×2
Unknown issuer (CUSIP: 565788AF3) $1,054,894 0.05% 1,050,000 $478,573 Up ×1
Unknown issuer (CUSIP: 23804LAD5) $1,052,774 0.05% 740,000 $16,931 Down ×1
PLD Prologis, Inc. Common Stock $1,038,378 0.05% 7,665 $456,125 Up ×1
SXT Sensient Technologies Corporation Common Stock $1,031,321 0.05% 8,365 $308,250
Unknown issuer (CUSIP: 18915MAC1) $1,008,166 0.05% 780,000 $90,457
Unknown issuer (CUSIP: 23248VAD7) $999,006 0.05% 600,000 Up ×1
WM Waste Management, Inc. Common Stock $994,045 0.05% 4,460 $-90,564 Down ×3
Unknown issuer (CUSIP: F92124900) $960,829 0.05% 2,500 Call option Up ×1
ARM Arm Holdings plc - American Depositary Shares $952,020 0.05% 2,685 Up ×1
DHR Danaher Corporation Common Stock $895,256 0.04% 4,700 $4,136
Unknown issuer (CUSIP: 958102AT2) $885,753 0.04% 55,000 Up ×1
Unknown issuer (CUSIP: 343412AJ1) $599,012 0.03% 450,000 $40,514

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
CRH $122,659,557 5.94% up ×4
RACE $100,753,594 4.88% up ×3
AMZN $61,915,012 3.00% up ×6
AMD $55,505,951 2.69% up ×6
TSM $47,594,626 2.31% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
Unknown issuer (CUSIP: 84615Q103) $73,304,237 429,031 3.55%
KO $25,066,594 308,436 1.21%
RL $13,447,235 33,500 0.65%
MRVL $10,992,141 36,900 0.53%
TJX $7,575,000 50,000 0.37%
ENTG $5,710,555 31,750 0.28%
Unknown issuer (CUSIP: N52A8C105) $5,616,100 142,000 0.27%
Unknown issuer (CUSIP: 02079K404) $4,783,660 94,000 0.23%
COHR $3,944,700 10,000 0.19%
Unknown issuer (CUSIP: 833445AD1) $3,094,298 1,750,000 0.15%
Unknown issuer (CUSIP: N3167Y903) $2,384,596 700 0.12%
Unknown issuer (CUSIP: 15675D103) $2,210,000 10,000 0.11%
Unknown issuer (CUSIP: 25809KAB1) $1,919,740 1,950,000 0.09%
Unknown issuer (CUSIP: 18915MAF4) $1,459,753 1,150,000 0.07%
Unknown issuer (CUSIP: 23248VAD7) $999,006 600,000 0.05%

Top movers (QoQ)

Security Action Shares Δ Value Δ
MU Bought more +18K +$60.2M
TTE Bought more +34K -$47.4M
AMD Bought more +2K +$36.6M
CRH Bought more +245K +$29.4M
NFLX Trimmed -237K -$28.6M
INTC Bought more +75K +$26.9M
WMT Trimmed -167K -$23.6M
RACE Bought more +25K +$18.7M
TSM Bought more +9K +$17.0M
AAPL Bought more +25K +$13.2M

3 positions hidden (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
FER June 30, 2026 574,068 $36,657,069 -6.4%
QGENXXXX March 31, 2026 691,821 $31,570,044 No longer tracked
MMM March 31, 2026 111,050 $17,779,105 26.2%
HD Dec. 31, 2025 37,500 $15,194,625 0.9%
CAT March 31, 2025 40,000 $14,510,400 145.4%
LIN Dec. 31, 2025 30,000 $14,250,000 13.0%
MELI Dec. 31, 2025 5,859 $13,692,131 -9.7%
DIS Dec. 31, 2025 103,901 $11,896,665 -6.5%
MDLN June 30, 2026 250,000 $11,125,000 -12.0%
SGI March 31, 2026 121,000 $10,802,880 -10.8%
A March 31, 2025 78,000 $10,478,520 32.0%
KO Sept. 30, 2025 125,000 $8,843,750 35.6%
ETN March 31, 2025 26,000 $8,628,620 53.9%
AXP March 31, 2025 28,724 $8,524,996 27.4%
KR June 30, 2025 125,000 $8,461,250 -20.6%
IFF June 30, 2025 94,100 $7,303,101 13.4%
FISV Sept. 30, 2025 41,850 $7,215,359 -59.1%
DOLE June 30, 2026 449,117 $6,417,882 -3.6%
JPM June 30, 2026 20,000 $5,883,200 10.4%
ROP March 31, 2026 13,200 $5,875,716 14.6%
ADBE March 31, 2026 16,210 $5,673,338 11.4%
MDT Dec. 31, 2025 56,550 $5,385,822 -2.4%
INTU March 31, 2026 7,850 $5,199,997 -16.6%
ADI June 30, 2025 25,400 $5,122,418 57.4%
RL March 31, 2025 21,050 $4,862,129 72.6%
T June 30, 2026 150,000 $4,348,500 22.3%
ENPH June 30, 2025 70,000 $4,343,500 -4.0%
ACN March 31, 2026 16,045 $4,304,874 -9.0%
T Sept. 30, 2025 147,300 $4,262,862 -10.3%
TTD Sept. 30, 2025 58,800 $4,233,012 -72.8%
XYZ March 31, 2025 45,350 $3,854,297 48.3%
BSX June 30, 2026 61,000 $3,827,750 20.9%
ANSS June 30, 2025 12,050 $3,814,548 No longer tracked
KKR Dec. 31, 2025 27,577 $3,583,631 -13.3%
CRCL Dec. 31, 2025 26,000 $3,447,080 -3.5%
TAL June 30, 2025 245,875 $3,248,009 19.3%
PDD March 31, 2025 24,800 $2,405,352 -24.9%
ARRY June 30, 2025 280,500 $1,366,035 -18.4%
EMR March 31, 2025 10,000 $1,239,300 44.8%
MICC March 31, 2026 55,154 $881,985 30.7%
BABA Sept. 30, 2025 7,653 $867,927 -28.4%
HSAI June 30, 2025 50,000 $740,000 -20.3%
NU March 31, 2025 53,000 $549,080 45.5%
ZTS June 30, 2026 4,595 $543,175 7.2%
ONON Sept. 30, 2025 8,751 $455,490 -26.2%
JKS June 30, 2025 18,000 $335,520 -21.1%
HDB Dec. 31, 2025 9,600 $327,936 -36.4%
ONON March 31, 2025 4,454 $243,946 -28.9%
SKX June 30, 2025 1,870 $106,179 No longer tracked
EA June 30, 2025 691 $99,863 No longer tracked
MSGS June 30, 2025 463 $90,155 92.7%
LULU June 30, 2025 301 $85,201 -49.5%
FWONK June 30, 2025 872 $78,489 -1.2%
MTN June 30, 2025 466 $74,569 -2.9%
DECK June 30, 2025 662 $74,018 -11.3%
PLNT June 30, 2025 736 $71,105 -50.8%
DKS June 30, 2025 335 $67,523 -2.1%
COLM June 30, 2025 865 $65,472 -2.0%
VFC June 30, 2025 3,841 $59,612 22.1%
CALY June 30, 2025 8,761 $57,735 103.1%
XPOF June 30, 2025 5,966 $49,697 -32.3%
DOO June 30, 2025 1,390 $46,927 39.7%
LTH June 30, 2025 1,448 $43,730 50.2%
MANU June 30, 2025 2,258 $29,557 33.6%
AS March 31, 2025 665 $18,593 26.8%