DSM Capital Partners LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison: Which Stocks Are on the Rise?

Investors who closely follow the moves of hedge funds and institutional investors may have noticed some changes in DSM Capital Partners LLC's third-quarter and fourth-quarter 13F holdings. The comparison between Q3 2022 and Q4 2022 shows some interesting trends in DSM's portfolio, with some stocks falling out of favor while others rose significantly.

Microsoft and Visa Remain Top Holdings

Despite a slight decrease in the number of shares and value of Microsoft (MSFT) in DSM's portfolio, the tech giant remained the firm's largest holding in Q4 2022. Meanwhile, Visa (V) maintained its position as DSM's fourth-largest holding, with an increase in the number of shares and value.

Alphabet Takes a Plunge

Alphabet (GOOGL) had a rocky ride in DSM's portfolio, dropping from the second-largest holding in Q3 2022 to the third-largest in Q4 2022. The number of shares and value plummeted by 4.5% and 11.9%, respectively, as DSM reduced its stake in the company.

Amazon and Paypal Reversal

There was a notable reversal of fortunes for Amazon (AMZN) and Paypal (PYPL) in DSM's portfolio. While Amazon was DSM's third-largest holding in Q3 2022, its value dropped by 8.1% in Q4 2022, causing it to fall to the fifth-largest holding. On the other hand, DSM significantly increased its stake in Paypal, with the number of shares rising slightly and value dropping by 18.2%.

Intuit and Accenture on the Rise

DSM showed a strong preference for technology and financial services stocks, with Intuit (INTU) and Accenture (ACN) both rising in the Q4 2022 13F filing. DSM increased its stake in Intuit by 44.9%, making it the seventh-largest holding, while Accenture saw a 20.7% increase in shares and value, moving up to the eighth-largest holding.

Other Standouts

Other notable changes in DSM's portfolio included:

- Adobe (ADBE) rising significantly, with shares and value up 81.7%

- Neurocrine Biosciences (NBIX) seeing a 13.3% increase in shares and value

- NVIDIA (NVDA) experiencing a 54.3% increase in shares and value

- FleetCor Technologies (FLT) seeing a 6.8% decrease in shares and value

- Keurig Dr Pepper (KDP) dropping significantly, with shares and value down 61.4%

Conclusion

Overall, DSM Capital Partners LLC's Q3 2022 vs. Q4 2022 13F holdings comparison showed some interesting changes in its portfolio. While some popular stocks like Alphabet, Amazon, and Keurig Dr Pepper fell out of favor, others like Paypal, Adobe, and NVIDIA saw significant increases. It will be interesting to see how these trends continue in the future and whether DSM makes any new big bets in the coming months.