DNCA FINANCE

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, DNCA FINANCE maintained a portfolio of 123 distinct positions. The most significant new addition to the portfolio was TOTALENERGIES SE, which now represents 17.03% of the total fund value. The fund also reduced its exposure to VERTIV HOLDINGS CO by 57.4%.
PCA Score Concentration Risk
Risk ENB
Total Positions
123
Quarter
2025 Q4
Top Holding
TTFNF (17.0%)
Top 10 Concentration
54.9%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 123
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
TTFNF
TOTALENERGIES S...
Energy 17.03% #1
Prev: #—
9.5 4,502,331 no change
NEW
4,502,331 $293,946,725 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 5.12% 5.50% #2 1
Prev: #3
4.0 -48,326 -14.6%
P
S
282,169 $88,318,897 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 5.05% 6.25% #3 2
Prev: #1
3.5 3,989 2.3%
P
S
180,253 $87,173,956 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
RACE
FERRARI N V
Consumer Cyclical 5.02% 2.36% #4 10
Prev: #14
5.5 160,510 225.4%
P
S
231,729 $86,735,519 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA CORPORAT...
Technology 4.71% 5.58% #5 3
Prev: #2
2.9 -366 -0.1%
P
S
436,382 $81,385,243 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CRH
CRH PLC
Basic Materials 4.10% 4.64% #6
Prev: #6
2.1 14 0.0%
P
S
548,199 $70,869,419 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 3.93% 5.48% #7 3
Prev: #4
2.1 -6,018 -5.5%
P
S
102,900 $67,923,261 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
V
VISA INC
Financial Services 3.92% 4.23% #8 1
Prev: #7
3.6 12,204 6.7%
P
S
193,146 $67,738,234 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 3.01% 3.23% #9 1
Prev: #10
3.2 10,800 5.0%
P
S
225,500 $52,049,910 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AVGO
BROADCOM INC
Technology 3.01% 3.77% #10 2
Prev: #8
1.7 -16,630 -10.0%
P
S
150,370 $52,043,057 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
WMT
WALMART INC
Consumer Defensive 2.87% 3.29% #11 2
Prev: #9
1.6 -21,200 -4.5%
P
S
444,782 $49,553,163 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AAPL
APPLE INC
Technology 2.59% 2.87% #12
Prev: #12
2.0 no change no change
P
S
164,500 $44,720,970 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
QGEN
QIAGEN NV
Healthcare 1.83% 1.69% #13 4
Prev: #17
3.2 133,340 23.9%
P
S
691,821 $31,570,044 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MA
MASTERCARD INCO...
Financial Services 1.80% 2.11% #14 1
Prev: #15
1.7 no change no change
P
S
54,300 $30,998,784 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
FLUT
FLUTTER ENTMT P...
Consumer Cyclical 1.75% 5.01% #15 10
Prev: #5
0.7 -142,058 -50.5%
P
S
138,989 $30,154,576 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GS
GOLDMAN SACHS G...
Financial Services 1.64% 1.74% #16
Prev: #16
1.2 200 0.6%
P
S
32,200 $28,303,800 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NFLX
NETFLIX INC
ETF 1.47% 2.98% #17 6
Prev: #11
3.6 235,217 648.3%
P
S
271,500 $25,455,840 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
JPM
JPMORGAN CHASE ...
Financial Services 1.43% 1.62% #18
Prev: #18
1.1 1,535 2.0%
P
S
76,714 $24,718,785 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PANW
PALO ALTO NETWO...
Technology 1.21% 1.49% #19 1
Prev: #20
2.5 6,550 6.1%
P
S
113,100 $20,833,020 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
TAIWAN SEMICOND...
Technology 1.16% 0.48% #20 28
Prev: #48
3.5 40,530 161.0%
P
S
65,700 $19,965,573 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NEM
NEWMONT CORP
Basic Materials 1.11% #21
Prev: #—
3.9 191,508 no change
NEW
191,508 $19,122,074 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ORCL
ORACLE CORP
Technology 1.05% 2.72% #22 9
Prev: #13
0.4 -48,012 -34.0%
P
S
93,000 $18,126,630 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MMM
3M CO
Industrials 1.03% 1.06% #23 5
Prev: #28
2.4 11,050 11.1%
P
S
111,050 $17,779,105 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TT
TRANE TECHNOLOG...
Industrials 1.02% 1.30% #24 1
Prev: #23
0.9 300 0.7%
P
S
45,300 $17,630,760 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CRM
SALESFORCE INC
Technology 1.01% 1.06% #25 2
Prev: #27
1.4 no change no change
P
S
65,600 $17,378,096 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AMD
ADVANCED MICRO ...
Technology 0.96% 0.70% #26 13
Prev: #39
2.9 14,150 22.5%
P
S
77,100 $16,511,736 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
STLA
STELLANTIS N.V
Consumer Cyclical 0.92% 0.18% #27 39
Prev: #66
3.4 1,152,389 415.8%
P
S
1,429,562 $15,879,340 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DE
DEERE & CO
Industrials 0.89% 1.41% #28 7
Prev: #21
0.4 -12,050 -26.8%
P
S
32,930 $15,331,220 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DHI
D R HORTON INC
Consumer Cyclical 0.84% 1.22% #29 4
Prev: #25
0.8 -3,905 -3.7%
P
S
101,095 $14,560,713 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ISRG
INTUITIVE SURGI...
Healthcare 0.79% 0.73% #30 6
Prev: #36
1.3 no change no change
P
S
23,950 $13,564,322 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ANET
ARISTA NETWORKS...
Technology 0.78% 1.03% #31 1
Prev: #30
1.3 no change no change
P
S
103,250 $13,528,848 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SPOT
SPOTIFY TECHNOL...
Communication Services 0.74% 1.55% #32 13
Prev: #19
0.3 -10,340 -32.0%
P
S
22,000 $12,775,620 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ADSK
AUTODESK INC
Technology 0.73% 0.71% #33 4
Prev: #37
2.8 9,800 30.2%
P
S
42,300 $12,521,223 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GM
GENERAL MTRS CO
Consumer Cyclical 0.71% #34
Prev: #—
3.8 151,000 no change
NEW
151,000 $12,279,320 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MU
MICRON TECHNOLO...
Technology 0.71% 0.49% #35 11
Prev: #46
1.3 no change no change
P
S
42,950 $12,258,360 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BKNG
BOOKING HOLDING...
Consumer Cyclical 0.71% 1.16% #36 10
Prev: #26
0.3 -860 -27.3%
P
S
2,289 $12,258,350 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CRWD
CROWDSTRIKE HLD...
Technology 0.71% 0.87% #37 4
Prev: #33
1.3 no change no change
P
S
25,980 $12,178,385 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HWM
HOWMET AEROSPAC...
Industrials 0.68% 0.13% #38 30
Prev: #68
3.3 47,501 475.0%
P
S
57,501 $11,788,855 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
APP
APPLOVIN CORP
Communication Services 0.65% 0.62% #39 1
Prev: #40
2.8 4,100 32.8%
P
S
16,600 $11,185,412 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SGI
SOMNIGROUP INTE...
Consumer Cyclical 0.63% 0.19% #40 24
Prev: #64
3.3 88,500 272.3%
P
S
121,000 $10,802,880 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
UBER
UBER TECHNOLOGI...
Technology 0.62% 1.30% #41 17
Prev: #24
0.2 -61,605 -31.8%
P
S
132,000 $10,785,720 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ITUB
ITAU UNIBANCO H...
Preferred 0.60% #42
Prev: #—
3.7 1,457,582 no change
NEW
1,457,582 $10,436,287 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DOLE
DOLE PLC
Consumer Defensive 0.55% 0.58% #43 1
Prev: #42
1.2 no change no change
P
S
629,370 $9,434,256 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
VRT
VERTIV HOLDINGS...
Industrials 0.51% 1.32% #44 22
Prev: #22
0.2 -73,288 -57.4%
P
S
54,360 $8,806,864 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NOW
SERVICENOW INC
Technology 0.42% 0.60% #45 4
Prev: #41
3.2 38,080 400.0%
P
S
47,600 $7,291,844 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SNOW
SNOWFLAKE INC
Technology 0.39% 0.47% #46 3
Prev: #49
1.2 no change no change
P
S
30,450 $6,679,512 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DDOG
DATADOG INC
Technology 0.38% 0.57% #47 4
Prev: #43
0.7 -10,500 -18.0%
P
S
47,800 $6,500,322 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SNPS
SYNOPSYS INC
Technology 0.37% 0.70% #48 10
Prev: #38
0.1 -7,230 -35.0%
P
S
13,450 $6,317,734 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
VEEV
VEEVA SYS INC
Healthcare 0.35% 0.79% #49 14
Prev: #35
0.1 -11,579 -30.1%
P
S
26,946 $6,015,156 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
AEROVIRONMENT I...
Bond/Debt 0.35% 0.55% #50 6
Prev: #44
0.6 -1,050,000 -16.0%
P
S
5,500,000 $5,998,247 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 123 holdings

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