J. Stern & Co. LLP Long-Term Concentrated

CIK: 0002011335 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value ($000): $1,321,582 (100.0% shares, 0.0% debt)

Holdings (42)

NVDA Nvidia 12.9%

Value ($000) $169,919 Shares 910,704 Est. Cost $101.57 Unrealized +71.6%

APH Amphenol 7.5%

Value ($000) $99,628 Shares 805,073 Est. Cost $55.74 Unrealized +96.3%

Value ($000) $95,776 Shares 130,418 Est. Cost $407.92 Unrealized +82.2%

GOOG Alphabet Class C 7.2%

Value ($000) $95,512 Shares 392,166 Est. Cost $142.52 Unrealized +47.3%

AMZN Amazon 7.1%

Value ($000) $93,334 Shares 425,078 Est. Cost $160.22 Unrealized +41.3%

Value ($000) $87,369 Shares 233,451 Est. Cost $237.59 Unrealized +52.9%

MA Mastercard 5.8%

Value ($000) $76,991 Shares 135,354 Est. Cost $430.74 Unrealized +33.1%

Value ($000) $63,421 Shares 379,016 Est. Cost $105.21 Unrealized +46.6%

Value ($000) $53,946 Shares 365,733 Est. Cost $107.63 Unrealized +28.3%

ICE Intercontinental Exchange 3.9%

Value ($000) $52,097 Shares 309,218 Est. Cost $158.09 Unrealized +12.4%

HON Honeywell 3.7%

Value ($000) $49,115 Shares 233,326 Est. Cost $181.68 Unrealized +14.0%

DIS Walt Disney 3.6%

Value ($000) $47,669 Shares 416,322 Est. Cost $96.87 Unrealized +20.8%

CRM Salesforce 3.5%

Value ($000) $46,490 Shares 196,159 Est. Cost $249.65 Unrealized +0.7%

ABT Abbott Laboratories 3.2%

Value ($000) $41,998 Shares 313,558 Est. Cost $105.95 Unrealized +23.3%

Value ($000) $40,335 Shares 441,160 Est. Cost $86.63 Unrealized +4.0%

ZTS Zoetis 2.1%

Value ($000) $28,105 Shares 192,076 Est. Cost $181.76 Unrealized -17.2%

TMO Thermo Fisher 2.0%

Value ($000) $26,301 Shares 54,227 Est. Cost $504.69 Unrealized -7.9%

AMT American Tower 1.9%

Value ($000) $25,683 Shares 133,542 Est. Cost $181.70 Unrealized +12.6%

LRCX Lam Research 0.9%

Value ($000) $11,796 Shares 88,094 Est. Cost $94.79 Unrealized +11.3%

GOOGL Alphabet Class A 0.8%

Value ($000) $10,406 Shares 42,804 Est. Cost $205.26 Unrealized +1.9%

CDNS Cadence Design Systems 0.8%

Value ($000) $10,111 Shares 28,786 Est. Cost $316.14 Unrealized +8.8%

Value ($000) $9,154 Shares 26,816 Est. Cost $301.05 Unrealized +14.6%

EL Estee Lauder 0.6%

Value ($000) $8,236 Shares 93,461 Est. Cost $89.14 Unrealized -0.7%

BKNG Booking Holdings 0.6%

Value ($000) $7,964 Shares 1,475 Est. Cost $4692.50 Unrealized +18.6%

XYZ Block Inc 0.6%

Value ($000) $7,766 Shares 107,455 Est. Cost $72.57 Unrealized +3.1%

MCD McDonalds 0.6%

Value ($000) $7,747 Shares 25,493 Est. Cost $290.17 Unrealized +3.9%

IDXX IDEXX Labs 0.5%

Value ($000) $7,124 Shares 11,151 Est. Cost $550.14 Unrealized +10.3%

NKE Nike Inc. 0.5%

Value ($000) $6,823 Shares 97,850 Est. Cost $73.79 Unrealized 0.0%

LLY Eli Lilly & Co 0.5%

Value ($000) $6,671 Shares 8,743 Est. Cost $780.22 Unrealized -4.9%

HD Home Depot 0.5%

Value ($000) $6,043 Shares 14,914 Est. Cost $389.16 Unrealized 0.0%

ISRG Intuitive Surgical Inc 0.4%

Value ($000) $5,114 Shares 11,434 Est. Cost $479.87 Unrealized 0.0%

BRK/B Berkshire Hathaway Class B 0.4%

Value ($000) $4,904 Shares 9,755 Est. Cost $350.99 Unrealized +38.0%

IT Gartner 0.4%

Value ($000) $4,878 Shares 18,557 Est. Cost $291.66 Unrealized 0.0%

DXCM Dexcom Inc 0.4%

Value ($000) $4,867 Shares 72,332 Est. Cost $86.33 Unrealized -8.3%

LOW Lowe's 0.4%

Value ($000) $4,732 Shares 18,830 Est. Cost $244.20 Unrealized 0.0%

ADBE Adobe 0.1%

Value ($000) $877 Shares 2,486 Est. Cost $551.05 Unrealized -34.9%

AAAU Goldman Sachs Physical Gold ET 0.1%

Value ($000) $809 Shares 21,210 Est. Cost $19.99 Unrealized —

AMAT Applied Materials Common 0.0%

Value ($000) $573 Shares 2,800 Est. Cost $180.78 Unrealized 0.0%

BF/B Brown-Forman Corp B 0.0%

Value ($000) $493 Shares 18,191 Est. Cost $43.01 Unrealized -33.5%

NOC Northrop Grumman Corp 0.0%

Value ($000) $451 Shares 740 Est. Cost $478.00 Unrealized +17.8%

LMT Lockheed Martin Corp 0.0%

Value ($000) $352 Shares 705 Est. Cost $417.42 Unrealized +7.4%

LIN Linde Plc 0.0%

Value ($000) $3 Shares 1,478,200 Est. Cost $470.63 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	Nvidia	910,704	$169,919	12.9%	$101.57	+71.6%	COM	67066G104
APH	Amphenol	805,073	$99,628	7.5%	$55.74	+96.3%	Class A	032095101
META	Meta	130,418	$95,776	7.2%	$407.92	+82.2%	CL A	30303M102
GOOG	Alphabet Class C	392,166	$95,512	7.2%	$142.52	+47.3%	CAP STK CL C	02079K107
AMZN	Amazon	425,078	$93,334	7.1%	$160.22	+41.3%	COM	023135106
ETN	Eaton	233,451	$87,369	6.6%	$237.59	+52.9%	SHS	G29183103
MA	Mastercard	135,354	$76,991	5.8%	$430.74	+33.1%	CL A	57636Q104
RTX	RTX	379,016	$63,421	4.8%	$105.21	+46.6%	COM	75513E101
XYL	Xylem	365,733	$53,946	4.1%	$107.63	+28.3%	COM	98419M100
ICE	Intercontinental Exchange	309,218	$52,097	3.9%	$158.09	+12.4%	COM	45866F104
HON	Honeywell	233,326	$49,115	3.7%	$181.68	+14.0%	COM	438516106
DIS	Walt Disney	416,322	$47,669	3.6%	$96.87	+20.8%	COM	254687106
CRM	Salesforce	196,159	$46,490	3.5%	$249.65	+0.7%	COM	79466L302
ABT	Abbott Laboratories	313,558	$41,998	3.2%	$105.95	+23.3%	COM	002824100
OTIS	Otis	441,160	$40,335	3.1%	$86.63	+4.0%	COM	68902V107
ZTS	Zoetis	192,076	$28,105	2.1%	$181.76	-17.2%	CL A	98978V103
TMO	Thermo Fisher	54,227	$26,301	2.0%	$504.69	-7.9%	COM	883556102
AMT	American Tower	133,542	$25,683	1.9%	$181.70	+12.6%	COM	03027X100
LRCX	Lam Research	88,094	$11,796	0.9%	$94.79	+11.3%	COM	512807306
GOOGL	Alphabet Class A	42,804	$10,406	0.8%	$205.26	+1.9%	CAP STK CL A	02079K305
CDNS	Cadence Design Systems	28,786	$10,111	0.8%	$316.14	+8.8%	COM	127387108
V	Visa	26,816	$9,154	0.7%	$301.05	+14.6%	COM CL A	92826C839
EL	Estee Lauder	93,461	$8,236	0.6%	$89.14	-0.7%	CL A	518439104
BKNG	Booking Holdings	1,475	$7,964	0.6%	$4692.50	+18.6%	COM	09857L108
XYZ	Block Inc	107,455	$7,766	0.6%	$72.57	+3.1%	Class A	852234103
MCD	McDonalds	25,493	$7,747	0.6%	$290.17	+3.9%	COM	580135101
IDXX	IDEXX Labs	11,151	$7,124	0.5%	$550.14	+10.3%	COM	45168D104
NKE	Nike Inc.	97,850	$6,823	0.5%	$73.79	0.0%	CL B	654106103
LLY	Eli Lilly & Co	8,743	$6,671	0.5%	$780.22	-4.9%	COM	532457108
HD	Home Depot	14,914	$6,043	0.5%	$389.16	0.0%	COM	437076102
ISRG	Intuitive Surgical Inc	11,434	$5,114	0.4%	$479.87	0.0%	COM	46120E602
BRK/B	Berkshire Hathaway Class B	9,755	$4,904	0.4%	$350.99	+38.0%	Class B	084670702
IT	Gartner	18,557	$4,878	0.4%	$291.66	0.0%	COM	366651107
DXCM	Dexcom Inc	72,332	$4,867	0.4%	$86.33	-8.3%	COM	252131107
LOW	Lowe's	18,830	$4,732	0.4%	$244.20	0.0%	COM	548661107
ADBE	Adobe	2,486	$877	0.1%	$551.05	-34.9%	COM	00724F101
AAAU	Goldman Sachs Physical Gold ET	21,210	$809	0.1%	$19.99	—	UNIT	38150K103
AMAT	Applied Materials Common	2,800	$573	0.0%	$180.78	0.0%	Com	038222105
BF/B	Brown-Forman Corp B	18,191	$493	0.0%	$43.01	-33.5%	CL B	115637209
NOC	Northrop Grumman Corp	740	$451	0.0%	$478.00	+17.8%	COM	666807102
LMT	Lockheed Martin Corp	705	$352	0.0%	$417.42	+7.4%	COM	539830109
LIN	Linde Plc	1,478,200	$3	0.0%	$470.63	0.0%	SHS	G54950103