Dnca Finance
PARIS, I0
$2.0bn in 92 US stocks at the end of 30 June 2026. The top 10 are 49.7% of the money. It changed about 20.8% of the portfolio this quarter.
Value
$2.0bn
Stocks
92
Top 10 share
49.7%
Turnover
20.8%
What changed this quarter
New
Bought for the first time this quarter.
- Space Exploration TechnologiesSPCX3.6% of the fund
- Coca-ColaKO1.2% of the fund
- Ralph LaurenRL0.7% of the fund
- Marvell TechnologyMRVL0.5% of the fund
- TJX CompaniesTJX0.4% of the fund
- EntegrisENTG0.3% of the fund
- InnioINIO0.3% of the fund
- Alphabet0.2% of the fund
- CoherentCOHR0.2% of the fund
- Cerebras SystemsCBRS0.1% of the fund
- ARM HoldingsARM<0.1% of the fund
- Oracle<0.1% of the fund
- QuantinuumQNT<0.1% of the fund
- CaterpillarCAT<0.1% of the fund
- WelltowerWELL<0.1% of the fund
- Digital Realty TrustDLR<0.1% of the fund
Added
Bought more of a stock they already held.
- CRH PublicCRH6.0% of the fund+27%
- AstrazenecaAZN5.4% of the fund+5%
- FerrariRACE5.0% of the fund+10%
- Micron TechnologyMU3.8% of the fund+38%
- MicrosoftMSFT3.1% of the fund+5%
- Amazon.comAMZN3.0% of the fund+10%
- Meta PlatformsMETA2.8% of the fund+7%
- Advanced Micro DevicesAMD2.7% of the fund+3%
- AppleAAPL2.7% of the fund+15%
- Taiwan Semiconductor ManufacturingTSM2.3% of the fund+10%
- Eli LillyLLY1.7% of the fund+1399%
- IntelINTC1.7% of the fund+43%
- Goldman Sachs GroupGS1.6% of the fund+9%
- LindeLIN1.2% of the fund+107%
- Itau Unibanco Hldg S AITUB1.0% of the fund+43%
- Applied MaterialsAMAT1.0% of the fund+211%
- Trane TechnologiesTT0.9% of the fund+6%
- Horton D RDHI0.9% of the fund+13%
- Arista NetworksANET0.9% of the fund+3%
- Westinghouse Air Brake TechnologiesWAB0.7% of the fund+104%
- OracleORCL0.6% of the fund+2%
- EatonETN0.6% of the fund+9%
- General MotorsGM0.6% of the fund+39%
- SnowflakeSNOW0.5% of the fund+3%
- Nu HoldingsNU0.5% of the fund+32%
Cut
Sold some of their stake.
- NvidiaNVDA4.0% of the fund-10%
- AlphabetGOOGL3.3% of the fund-30%
- BroadcomAVGO2.6% of the fund-8%
- VisaV2.1% of the fund-4%
- WalmartWMT1.4% of the fund-40%
- Palo Alto NetworksPANW1.4% of the fund-21%
- DeereDE1.2% of the fund-6%
- MastercardMA1.2% of the fund-15%
- NetflixNFLX0.8% of the fund-50%
- Howmet AerospaceHWM0.8% of the fund-16%
- Vertiv HoldingsVRT0.6% of the fund-42%
- CrowdStrike HoldingsCRWD0.6% of the fund-11%
- Forgent Power SolutionsFPS0.4% of the fund-56%
- Texas InstrumentsTXN0.3% of the fund-17%
- SalesforceCRM0.3% of the fund-35%
- Flutter EntertainmentFLUT0.1% of the fund-80%
- DexcomDXCM0.1% of the fund-52%
- GE VernovaGEV<0.1% of the fund-24%
- XylemXYL<0.1% of the fund-4%
- NewmontNEM<0.1% of the fund-93%
- Waste ManagementWM<0.1% of the fund-6%
- StellantisSTLA<0.1% of the fund-66%
- AlphabetGOOG<0.1% of the fund-71%
Sold out
Sold their entire stake.
- FerrovialFER-100%
- MedlineMDLN-100%
- DoleDOLE-100%
- JPMorgan ChaseJPM-100%
- AT&TT-100%
- Boston ScientificBSX-100%
- ZoetisZTS-100%
Holdings
- Space Exploration TechnologiesSPCX
- Share
- 3.6%
- Value
- $73m
- Shares
- 429,031
New
- Itau Unibanco Hldg S AITUB
- Share
- 1.0%
- Value
- $20m
- Shares
- 2,481,618
+43%
- InnioINIO
- Share
- 0.3%
- Value
- $6m
- Shares
- 142,000
New
- Alphabet
- Share
- 0.2%
- Value
- $5m
- Shares
- 94,000
New
- Pony AIPONY
- Share
- 0.1%
- Value
- $3m
- Shares
- 426,800
+128%
- Cerebras SystemsCBRS
- Share
- 0.1%
- Value
- $2m
- Shares
- 10,000
New
- ARM HoldingsARM
- Share
- <0.1%
- Value
- $952,020
- Shares
- 2,685
New
- Oracle
- Share
- <0.1%
- Value
- $449,500
- Shares
- 10,000
New
- QuantinuumQNT
- Share
- <0.1%
- Value
- $204,350
- Shares
- 2,500
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| TotalEnergies SETTE | 12.5% | $255m | 3,274,674 | Held |
| CRH PublicCRH | 6.0% | $123m | 1,146,351 | +27% |
| AstrazenecaAZN | 5.4% | $109m | 581,859 | +5% |
| FerrariRACE | 5.0% | $101m | 271,698 | +10% |
| NvidiaNVDA | 4.0% | $81m | 405,123 | -10% |
| Micron TechnologyMU | 3.8% | $76m | 66,243 | +38% |
| Space Exploration TechnologiesSPCX | 3.6% | $73m | 429,031 | New |
| AlphabetGOOGL | 3.3% | $67m | 187,551 | -30% |
| MicrosoftMSFT | 3.1% | $64m | 171,443 | +5% |
| Amazon.comAMZN | 3.0% | $62m | 259,776 | +10% |
| Meta PlatformsMETA | 2.8% | $57m | 101,100 | +7% |
| Advanced Micro DevicesAMD | 2.7% | $56m | 95,550 | +3% |
| AppleAAPL | 2.7% | $55m | 189,799 | +15% |
| BroadcomAVGO | 2.6% | $53m | 141,550 | -8% |
| Taiwan Semiconductor ManufacturingTSM | 2.3% | $48m | 99,660 | +10% |
| VisaV | 2.1% | $43m | 125,200 | -4% |
| Eli LillyLLY | 1.7% | $35m | 28,936 | +1399% |
| IntelINTC | 1.7% | $35m | 247,300 | +43% |
| Goldman Sachs GroupGS | 1.6% | $33m | 32,633 | +9% |
| QiagenQGEN | 1.4% | $29m | 759,564 | Held |
| WalmartWMT | 1.4% | $29m | 254,700 | -40% |
| Palo Alto NetworksPANW | 1.4% | $29m | 83,940 | -21% |
| Coca-ColaKO | 1.2% | $25m | 308,436 | New |
| DeereDE | 1.2% | $25m | 38,761 | -6% |
| MastercardMA | 1.2% | $24m | 46,250 | -15% |
| LindeLIN | 1.2% | $24m | 45,747 | +107% |
| Itau Unibanco Hldg S AITUB | 1.0% | $20m | 2,481,618 | +43% |
| Applied MaterialsAMAT | 1.0% | $20m | 28,000 | +211% |
| Trane TechnologiesTT | 0.9% | $19m | 38,250 | +6% |
| Horton D RDHI | 0.9% | $19m | 113,668 | +13% |
| Arista NetworksANET | 0.9% | $18m | 106,000 | +3% |
| NetflixNFLX | 0.8% | $17m | 236,350 | -50% |
| Howmet AerospaceHWM | 0.8% | $16m | 59,680 | -16% |
| Westinghouse Air Brake TechnologiesWAB | 0.7% | $14m | 50,824 | +104% |
| Ralph LaurenRL | 0.7% | $13m | 33,500 | New |
| OracleORCL | 0.6% | $13m | 85,700 | +2% |
| EatonETN | 0.6% | $12m | 28,645 | +9% |
| General MotorsGM | 0.6% | $12m | 149,951 | +39% |
| Vertiv HoldingsVRT | 0.6% | $11m | 34,197 | -42% |
| CrowdStrike HoldingsCRWD | 0.6% | $11m | 14,850 | -11% |
| Marvell TechnologyMRVL | 0.5% | $11m | 36,900 | New |
| SnowflakeSNOW | 0.5% | $10m | 39,900 | +3% |
| Intuitive SurgicalISRG | 0.5% | $10m | 24,200 | Held |
| Nu HoldingsNU | 0.5% | $10m | 716,050 | +32% |
| ServiceNowNOW | 0.4% | $9m | 91,150 | +147% |
| Forgent Power SolutionsFPS | 0.4% | $8m | 143,400 | -56% |
| TJX CompaniesTJX | 0.4% | $8m | 50,000 | New |
| Uber TechnologiesUBER | 0.4% | $7m | 102,600 | +3% |
| Thermo Fisher ScientificTMO | 0.4% | $7m | 14,335 | Held |
| DatadogDDOG | 0.4% | $7m | 27,400 | +3% |
| StrykerSYK | 0.3% | $7m | 21,320 | Held |
| Booking HoldingsBKNG | 0.3% | $7m | 37,250 | +3% |
| ShopifySHOP | 0.3% | $6m | 56,500 | +3% |
| OktaOKTA | 0.3% | $6m | 45,150 | +3% |
| Texas InstrumentsTXN | 0.3% | $6m | 20,400 | -17% |
| Spotify TechnologySPOT | 0.3% | $6m | 13,200 | +21% |
| SalesforceCRM | 0.3% | $6m | 38,200 | -35% |
| AppLovinAPP | 0.3% | $6m | 11,100 | Held |
| EntegrisENTG | 0.3% | $6m | 31,750 | New |
| InnioINIO | 0.3% | $6m | 142,000 | New |
| SynopsysSNPS | 0.2% | $5m | 10,950 | Held |
| Alphabet | 0.2% | $5m | 94,000 | New |
| AutodeskADSK | 0.2% | $5m | 23,450 | +3% |
| NasdaqNDAQ | 0.2% | $4m | 52,650 | +3% |
| Veeva SystemsVEEV | 0.2% | $4m | 22,860 | +2% |
| CoherentCOHR | 0.2% | $4m | 10,000 | New |
| Klarna GroupKLAR | 0.2% | $3m | 171,500 | Held |
| Pony AIPONY | 0.1% | $3m | 426,800 | +128% |
| Flutter EntertainmentFLUT | 0.1% | $3m | 27,940 | -80% |
| Procore TechnologiesPCOR | 0.1% | $3m | 62,550 | +3% |
| DexcomDXCM | 0.1% | $2m | 36,000 | -52% |
| Cerebras SystemsCBRS | 0.1% | $2m | 10,000 | New |
| Johnson Controls InternationalJCI | 0.1% | $2m | 14,025 | +52% |
| ToastTOST | <0.1% | $2m | 72,600 | +8% |
| GE VernovaGEV | <0.1% | $2m | 1,555 | -24% |
| XylemXYL | <0.1% | $2m | 14,520 | -4% |
| First SolarFSLR | <0.1% | $2m | 6,900 | Held |
| NextEra EnergyNEE | <0.1% | $2m | 18,050 | Held |
| NewmontNEM | <0.1% | $1m | 11,389 | -93% |
| PrologisPLD | <0.1% | $1m | 7,665 | +74% |
| Sensient TechnologiesSXT | <0.1% | $1m | 8,365 | Held |
| Waste ManagementWM | <0.1% | $994,045 | 4,460 | -6% |
| ARM HoldingsARM | <0.1% | $952,020 | 2,685 | New |
| DanaherDHR | <0.1% | $895,256 | 4,700 | Held |
| VeraltoVLTO | <0.1% | $568,439 | 6,410 | Held |
| Oracle | <0.1% | $449,500 | 10,000 | New |
| QuantinuumQNT | <0.1% | $204,350 | 2,500 | New |
| StellantisSTLA | <0.1% | $135,569 | 23,801 | -66% |
| CaterpillarCAT | <0.1% | $95,841 | 90 | New |
| AlphabetGOOG | <0.1% | $90,452 | 256 | -71% |
| WelltowerWELL | <0.1% | $79,440 | 350 | New |
| Digital Realty TrustDLR | <0.1% | $62,853 | 350 | New |
Options (2)
- Ferrari N V
- Type
- Call
- Value
- $2m
- Contracts
- 700
- Totalenergies SE
- Type
- Call
- Value
- $960,829
- Contracts
- 2,500
| Company | Type | Value | Contracts |
|---|---|---|---|
| Ferrari N V | Call | $2m | 700 |
| Totalenergies SE | Call | $960,829 | 2,500 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 58.6% since 30 June 2025.
Where the money is
Technology36.2%
Energy12.5%
Retail & consumer10.9%
Health care10.0%
Media & telecom7.5%
Materials7.3%
Financial services5.9%
Industrials5.5%
Everyday goods2.7%
Utilities0.1%
Real estate0.1%
Other1.4%
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.