2Xideas AG
KUSNACHT, V8
$232m in 48 US stocks at the end of 30 June 2026. The top 10 are 67.6% of the money. It changed about 16.5% of the portfolio this quarter.
Value
$232m
Stocks
48
Top 10 share
67.6%
Turnover
16.5%
What changed this quarter
New
Bought for the first time this quarter.
- StandardAeroSARO1.1% of the fund
- Sunbelt Rentals HoldingsSUNB0.2% of the fund
Added
Bought more of a stock they already held.
- Intercontinental ExchangeICE12.2% of the fund+18%
- PTCPTC8.7% of the fund+25%
- Ryan Specialty HoldingsRYAN5.6% of the fund+222%
- APi GroupAPG3.0% of the fund+7%
- Carlisle CompaniesCSL1.8% of the fund+38%
- Neurocrine BiosciencesNBIX1.2% of the fund+62%
- WatscoWSO1.2% of the fund+104%
- Tradeweb MarketsTW0.9% of the fund+84%
- Waste ConnectionsWCN0.9% of the fund+20%
- MercadoLibreMELI0.6% of the fund+10%
Cut
Sold some of their stake.
- FortinetFTNT14.0% of the fund-38%
- Edwards LifesciencesEW13.3% of the fund-3%
- Halozyme TherapeuticsHALO3.0% of the fund-4%
- Ferguson EnterprisesFERG2.8% of the fund-7%
- HubbellHUBB2.8% of the fund-5%
- DexcomDXCM2.4% of the fund-10%
- New York TimesNYT2.0% of the fund-31%
- Iqvia HoldingsIQV1.6% of the fund-13%
- ResmedRMD1.4% of the fund-73%
- CCC Intelligent Solutions HoldingsCCC1.3% of the fund-2%
- Keysight TechnologiesKEYS1.2% of the fund-37%
- Procore TechnologiesPCOR1.2% of the fund-10%
- Descartes Systems GroupDSGX1.2% of the fund-24%
- Liberty MediaFWONK1.2% of the fund-26%
- American ExpressAXP1.1% of the fund-27%
- Agilent TechnologiesA1.1% of the fund-33%
- Dominos PizzaDPZ0.9% of the fund-20%
- AonAON0.8% of the fund-48%
- Bio-TechneTECH0.7% of the fund-26%
- Global-E OnlineGLBE0.7% of the fund-36%
- HaleonHLN0.7% of the fund-15%
- RB GlobalRBA0.7% of the fund-46%
- Live Nation EntertainmentLYV0.7% of the fund-58%
- RBC BearingsRBC0.7% of the fund-59%
- Kinsale Capital GroupKNSL0.7% of the fund-61%
Sold out
Sold their entire stake.
- EverforthEFOR-100%
Holdings
- Descartes Systems GroupDSGX
- Share
- 1.2%
- Value
- $3m
- Shares
- 40,344
-24%
- HaleonHLN
- Share
- 0.7%
- Value
- $2m
- Shares
- 370,389
-15%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| FortinetFTNT | 14.0% | $32m | 211,151 | -38% |
| Edwards LifesciencesEW | 13.3% | $31m | 340,806 | -3% |
| Intercontinental ExchangeICE | 12.2% | $28m | 230,186 | +18% |
| PTCPTC | 8.7% | $20m | 178,102 | +25% |
| Ryan Specialty HoldingsRYAN | 5.6% | $13m | 345,526 | +222% |
| APi GroupAPG | 3.0% | $7m | 163,295 | +7% |
| Halozyme TherapeuticsHALO | 3.0% | $7m | 87,769 | -4% |
| Ferguson EnterprisesFERG | 2.8% | $6m | 27,263 | -7% |
| HubbellHUBB | 2.8% | $6m | 12,341 | -5% |
| DexcomDXCM | 2.4% | $5m | 81,095 | -10% |
| New York TimesNYT | 2.0% | $5m | 65,719 | -31% |
| Carlisle CompaniesCSL | 1.8% | $4m | 11,604 | +38% |
| Iqvia HoldingsIQV | 1.6% | $4m | 18,940 | -13% |
| ResmedRMD | 1.4% | $3m | 16,673 | -73% |
| CCC Intelligent Solutions HoldingsCCC | 1.3% | $3m | 590,678 | -2% |
| Keysight TechnologiesKEYS | 1.2% | $3m | 8,246 | -37% |
| Procore TechnologiesPCOR | 1.2% | $3m | 70,192 | -10% |
| Neurocrine BiosciencesNBIX | 1.2% | $3m | 16,763 | +62% |
| Descartes Systems GroupDSGX | 1.2% | $3m | 40,344 | -24% |
| WatscoWSO | 1.2% | $3m | 6,519 | +104% |
| Liberty MediaFWONK | 1.2% | $3m | 28,469 | -26% |
| American ExpressAXP | 1.1% | $3m | 7,848 | -27% |
| Agilent TechnologiesA | 1.1% | $3m | 19,280 | -33% |
| StandardAeroSARO | 1.1% | $2m | 82,726 | New |
| Dominos PizzaDPZ | 0.9% | $2m | 7,086 | -20% |
| Tradeweb MarketsTW | 0.9% | $2m | 20,955 | +84% |
| Waste ConnectionsWCN | 0.9% | $2m | 11,940 | +20% |
| AonAON | 0.8% | $2m | 5,311 | -48% |
| Bio-TechneTECH | 0.7% | $2m | 24,613 | -26% |
| Global-E OnlineGLBE | 0.7% | $2m | 49,555 | -36% |
| HaleonHLN | 0.7% | $2m | 370,389 | -15% |
| RB GlobalRBA | 0.7% | $2m | 14,563 | -46% |
| Live Nation EntertainmentLYV | 0.7% | $2m | 9,052 | -58% |
| RBC BearingsRBC | 0.7% | $2m | 2,528 | -59% |
| Kinsale Capital GroupKNSL | 0.7% | $2m | 4,843 | -61% |
| StoneX GroupSNEX | 0.7% | $2m | 13,215 | -70% |
| AlconALC | 0.7% | $2m | 22,812 | -22% |
| Intuitive SurgicalISRG | 0.6% | $1m | 3,722 | -42% |
| Service Corp InternationalSCI | 0.6% | $1m | 19,237 | -40% |
| MercadoLibreMELI | 0.6% | $1m | 837 | +10% |
| Planet FitnessPLNT | 0.4% | $849,484 | 16,283 | -76% |
| Veeva SystemsVEEV | 0.3% | $744,842 | 4,197 | -32% |
| LPL Financial HoldingsLPLA | 0.3% | $710,960 | 2,524 | -77% |
| Brookfield Asset ManagementBAM | 0.3% | $646,952 | 14,441 | -36% |
| Sunbelt Rentals HoldingsSUNB | 0.2% | $551,948 | 7,378 | New |
| Labcorp HoldingsLH | 0.2% | $509,040 | 1,818 | -71% |
| Dolby LaboratoriesDLB | 0.2% | $450,716 | 8,572 | -68% |
| ExlService HoldingsEXLS | 0.2% | $433,233 | 16,753 | -54% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 60.0% since 30 June 2025.
Where the money is
Technology29.4%
Health care26.5%
Financial services22.6%
Industrials14.2%
Media & telecom3.9%
Retail & consumer1.9%
Utilities0.9%
Other0.7%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.