J. Stern & Co. LLP Long-Term Concentrated

CIK: 0002011335 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 14, 2025

Total Value ($000): $1,170,672 (100.0% shares, 0.0% debt)

Holdings (37)

NVDA Nvidia 11.5%

Value ($000) $135,050 Shares 966,556 Est. Cost $101.57 Unrealized +23.9%

Value ($000) $84,568 Shares 127,476 Est. Cost $400.19 Unrealized +54.1%

AMZN Amazon 7.0%

Value ($000) $82,450 Shares 399,162 Est. Cost $155.93 Unrealized +26.9%

APH Amphenol 6.7%

Value ($000) $78,212 Shares 871,809 Est. Cost $55.74 Unrealized +46.0%

Value ($000) $76,893 Shares 231,164 Est. Cost $237.59 Unrealized +29.1%

MA Mastercard 6.5%

Value ($000) $75,650 Shares 134,351 Est. Cost $430.74 Unrealized +28.0%

GOOG Alphabet Class C 5.9%

Value ($000) $69,512 Shares 404,199 Est. Cost $142.52 Unrealized +15.7%

HON Honeywell 5.1%

Value ($000) $59,662 Shares 264,375 Est. Cost $181.68 Unrealized +9.9%

CRM Salesforce 4.8%

Value ($000) $55,626 Shares 203,767 Est. Cost $249.65 Unrealized +6.6%

ICE Intercontinental Exchange 4.4%

Value ($000) $51,036 Shares 285,546 Est. Cost $156.46 Unrealized +9.0%

Value ($000) $50,077 Shares 366,888 Est. Cost $103.59 Unrealized +27.2%

ABT Abbott Labs 4.0%

Value ($000) $46,779 Shares 351,707 Est. Cost $105.95 Unrealized +23.3%

Value ($000) $44,552 Shares 456,843 Est. Cost $86.63 Unrealized +10.1%

Value ($000) $44,060 Shares 350,900 Est. Cost $106.34 Unrealized +13.0%

DIS Walt Disney 3.7%

Value ($000) $43,586 Shares 382,052 Est. Cost $95.06 Unrealized +8.1%

ADBE Adobe 3.4%

Value ($000) $39,272 Shares 97,901 Est. Cost $551.05 Unrealized -30.1%

ZTS Zoetis 2.9%

Value ($000) $33,493 Shares 208,959 Est. Cost $181.76 Unrealized -13.4%

AMT American Tower 2.5%

Value ($000) $29,528 Shares 137,189 Est. Cost $181.70 Unrealized +15.8%

TMO Thermo Fisher 2.1%

Value ($000) $25,103 Shares 63,153 Est. Cost $504.69 Unrealized -17.4%

Value ($000) $4,970 Shares 14,057 Est. Cost $261.04 Unrealized +32.9%

BRK/B Berkshire Hathaway Class B 0.4%

Value ($000) $4,911 Shares 9,755 Est. Cost $350.99 Unrealized +44.7%

BKNG Booking Holdings 0.4%

Value ($000) $4,202 Shares 788 Est. Cost $3933.05 Unrealized +29.5%

CDNS Cadence Design Systems 0.3%

Value ($000) $3,968 Shares 12,578 Est. Cost $280.21 Unrealized +3.8%

MCD McDonalds 0.3%

Value ($000) $3,571 Shares 11,353 Est. Cost $276.18 Unrealized +9.9%

DXCM Dexcom Inc 0.3%

Value ($000) $3,384 Shares 40,048 Est. Cost $92.13 Unrealized -14.9%

XYZ Block Inc 0.3%

Value ($000) $3,202 Shares 54,506 Est. Cost $70.35 Unrealized -17.3%

LLY Eli Lilly & Co 0.3%

Value ($000) $2,998 Shares 4,201 Est. Cost $821.28 Unrealized -5.8%

LRCX Lam Research 0.2%

Value ($000) $2,876 Shares 35,475 Est. Cost $78.86 Unrealized 0.0%

EL Estee Lauder 0.2%

Value ($000) $2,777 Shares 43,604 Est. Cost $89.90 Unrealized -29.2%

— Intuitive Surgical Inc 0.2%

Value ($000) $2,740 Shares 5,078 Est. Cost $497.91 Unrealized —

IDXX IDEXX Labs 0.2%

Value ($000) $2,485 Shares 4,954 Est. Cost $479.04 Unrealized -0.2%

AAAU Goldman Sachs Physical Gold ET 0.1%

Value ($000) $1,408 Shares 42,415 Est. Cost $19.99 Unrealized —

BF/B Brown-Forman Corp B 0.1%

Value ($000) $697 Shares 20,527 Est. Cost $43.01 Unrealized -27.0%

GOOGL Alphabet Class A 0.1%

Value ($000) $678 Shares 4,026 Est. Cost $167.35 Unrealized -2.4%

NOC Northrop Grumman Corp 0.0%

Value ($000) $349 Shares 740 Est. Cost $478.00 Unrealized +1.7%

LMT Lockheed Martin Corp 0.0%

Value ($000) $331 Shares 705 Est. Cost $417.42 Unrealized +10.0%

— Wallbox Class A 0.0%

Value ($000) $16 Shares 50,000 Est. Cost $0.32 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	Nvidia	966,556	$135,050	11.5%	$101.57	+23.9%	COM	67066G104
META	Meta	127,476	$84,568	7.2%	$400.19	+54.1%	CL A	30303M102
AMZN	Amazon	399,162	$82,450	7.0%	$155.93	+26.9%	COM	023135106
APH	Amphenol	871,809	$78,212	6.7%	$55.74	+46.0%	Class A	032095101
ETN	Eaton	231,164	$76,893	6.6%	$237.59	+29.1%	SHS	G29183103
MA	Mastercard	134,351	$75,650	6.5%	$430.74	+28.0%	CL A	57636Q104
GOOG	Alphabet Class C	404,199	$69,512	5.9%	$142.52	+15.7%	CAP STK CL C	02079K107
HON	Honeywell	264,375	$59,662	5.1%	$181.68	+9.9%	COM	438516106
CRM	Salesforce	203,767	$55,626	4.8%	$249.65	+6.6%	COM	79466L302
ICE	Intercontinental Exchange	285,546	$51,036	4.4%	$156.46	+9.0%	COM	45866F104
RTX	RTX	366,888	$50,077	4.3%	$103.59	+27.2%	COM	75513E101
ABT	Abbott Labs	351,707	$46,779	4.0%	$105.95	+23.3%	COM	002824100
OTIS	Otis	456,843	$44,552	3.8%	$86.63	+10.1%	COM	68902V107
XYL	Xylem	350,900	$44,060	3.8%	$106.34	+13.0%	COM	98419M100
DIS	Walt Disney	382,052	$43,586	3.7%	$95.06	+8.1%	COM	254687106
ADBE	Adobe	97,901	$39,272	3.4%	$551.05	-30.1%	COM	00724F101
ZTS	Zoetis	208,959	$33,493	2.9%	$181.76	-13.4%	CL A	98978V103
AMT	American Tower	137,189	$29,528	2.5%	$181.70	+15.8%	COM	03027X100
TMO	Thermo Fisher	63,153	$25,103	2.1%	$504.69	-17.4%	COM	883556102
V	Visa	14,057	$4,970	0.4%	$261.04	+32.9%	COM CL A	92826C839
BRK/B	Berkshire Hathaway Class B	9,755	$4,911	0.4%	$350.99	+44.7%	Class B	084670702
BKNG	Booking Holdings	788	$4,202	0.4%	$3933.05	+29.5%	COM	09857L108
CDNS	Cadence Design Systems	12,578	$3,968	0.3%	$280.21	+3.8%	COM	127387108
MCD	McDonalds	11,353	$3,571	0.3%	$276.18	+9.9%	COM	580135101
DXCM	Dexcom Inc	40,048	$3,384	0.3%	$92.13	-14.9%	COM	252131107
XYZ	Block Inc	54,506	$3,202	0.3%	$70.35	-17.3%	Class A	852234103
LLY	Eli Lilly & Co	4,201	$2,998	0.3%	$821.28	-5.8%	COM	532457108
LRCX	Lam Research	35,475	$2,876	0.2%	$78.86	0.0%	COM	512807306
EL	Estee Lauder	43,604	$2,777	0.2%	$89.90	-29.2%	CL A	518439104
—	Intuitive Surgical Inc	5,078	$2,740	0.2%	$497.91	—	COM	46120E607
IDXX	IDEXX Labs	4,954	$2,485	0.2%	$479.04	-0.2%	COM	45168D104
AAAU	Goldman Sachs Physical Gold ET	42,415	$1,408	0.1%	$19.99	—	UNIT	38150K103
BF/B	Brown-Forman Corp B	20,527	$697	0.1%	$43.01	-27.0%	CL B	115637209
GOOGL	Alphabet Class A	4,026	$678	0.1%	$167.35	-2.4%	CAP STK CL A	02079K305
NOC	Northrop Grumman Corp	740	$349	0.0%	$478.00	+1.7%	COM	666807102
LMT	Lockheed Martin Corp	705	$331	0.0%	$417.42	+10.0%	COM	539830109
—	Wallbox Class A	50,000	$16	0.0%	$0.32	—	SHS CL A	N94209108