DSM Capital Partners LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SUSA	ISHARES TR	8,775	$1,223	0.0%	$139.34	—	ESG OPTIMIZED	464288802
PLTR	PALANTIR TECHNOLOGIES INC	2,403	$427	0.0%	$181.03	0.0%	CL A	69608A108
INTC	INTEL CORP	8,011	$296	0.0%	$37.76	0.0%	COM	458140100
ARM	ARM HOLDINGS PLC	2,596	$284	0.0%	$109.31	—	SPONSORED ADS	042068205
KVYO	KLAVIYO INC	8,130	$264	0.0%	$28.01	0.0%	COM SER A	49845K101
AVAV	AEROVIRONMENT INC	1,069	$259	0.0%	$314.38	0.0%	COM	008073108
GOOG	ALPHABET INC	805	$253	0.0%	$286.33	0.0%	CAP STK CL C	02079K107
HEI	HEICO CORP NEW	766	$248	0.0%	$315.99	0.0%	COM	422806109
MDB	MONGODB INC	547	$230	0.0%	$363.83	0.0%	CL A	60937P106
S	SENTINELONE INC	10,288	$154	0.0%	$16.38	0.0%	CL A	81730H109

Increased Positions (11)

GOOGL ALPHABET INC 9.1%

Value ($000) $611,156 (+44.6%) Shares 1,952,576 (+12.3%) Est. Cost $130.37 Unrealized +119.1%

GEV GE VERNOVA INC 2.7%

Value ($000) $185,096 (+51.9%) Shares 283,208 (+42.9%) Est. Cost $354.89 Unrealized +71.6%

AVGO BROADCOM INC 8.6%

Value ($000) $580,121 (+10.0%) Shares 1,676,167 (+4.9%) Est. Cost $258.11 Unrealized +38.3%

NFLX NETFLIX INC 1.8%

Value ($000) $122,276 (-23.6%) Shares 1,304,137 (+876.3%) Est. Cost $108.24 Unrealized -0.4%

IWF ISHARES TR 0.5%

Value ($000) $33,433 (+10350.4%) Shares 70,639 (+10242.5%) Est. Cost $472.61 Unrealized —

NOW SERVICENOW INC 0.7%

Value ($000) $49,981 (+15.3%) Shares 326,267 (+592.7%) Est. Cost $173.74 Unrealized -1.3%

CDNS CADENCE DESIGN SYSTEM INC 1.3%

Value ($000) $86,944 (-6.1%) Shares 278,150 (+5.6%) Est. Cost $281.64 Unrealized +15.9%

RDDT REDDIT INC 2.7%

Value ($000) $185,137 (+1.4%) Shares 805,398 (+1.4%) Est. Cost $204.18 Unrealized +3.0%

SPOT SPOTIFY TECHNOLOGY S A 0.0%

Value ($000) $1,889 (+586.9%) Shares 3,253 (+725.6%) Est. Cost $634.11 Unrealized -1.4%

SHOP SHOPIFY INC 0.0%

Value ($000) $502 (+69.5%) Shares 3,118 (+56.5%) Est. Cost $144.60 Unrealized +11.0%

BSX BOSTON SCIENTIFIC CORP 0.0%

Value ($000) $450 (+16.0%) Shares 4,724 (+18.8%) Est. Cost $101.25 Unrealized -3.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	1,952,576 (+12.3%)	$611,156 (+44.6%)	9.1%	$130.37	+119.1%	CAP STK CL A	02079K305
GEV	GE VERNOVA INC	283,208 (+42.9%)	$185,096 (+51.9%)	2.7%	$354.89	+71.6%	COM	36828A101
AVGO	BROADCOM INC	1,676,167 (+4.9%)	$580,121 (+10.0%)	8.6%	$258.11	+38.3%	COM	11135F101
NFLX	NETFLIX INC	1,304,137 (+876.3%)	$122,276 (-23.6%)	1.8%	$108.24	-0.4%	COM	64110L106
IWF	ISHARES TR	70,639 (+10242.5%)	$33,433 (+10350.4%)	0.5%	$472.61	—	RUS 1000 GRW ETF	464287614
NOW	SERVICENOW INC	326,267 (+592.7%)	$49,981 (+15.3%)	0.7%	$173.74	-1.3%	COM	81762P102
CDNS	CADENCE DESIGN SYSTEM INC	278,150 (+5.6%)	$86,944 (-6.1%)	1.3%	$281.64	+15.9%	COM	127387108
RDDT	REDDIT INC	805,398 (+1.4%)	$185,137 (+1.4%)	2.7%	$204.18	+3.0%	CL A	75734B100
SPOT	SPOTIFY TECHNOLOGY S A	3,253 (+725.6%)	$1,889 (+586.9%)	0.0%	$634.11	-1.4%	SHS	L8681T102
SHOP	SHOPIFY INC	3,118 (+56.5%)	$502 (+69.5%)	0.0%	$144.60	+11.0%	CL A SUB VTG SHS	82509L107
BSX	BOSTON SCIENTIFIC CORP	4,724 (+18.8%)	$450 (+16.0%)	0.0%	$101.25	-3.2%	COM	101137107

Exited Positions (4)

ARES ARES MANAGEMENT CORPORATION 0.0%

Value ($000) $1,698 Shares 10,620 Est. Cost $81.40 Unrealized +90.3%

APO APOLLO GLOBAL MGMT INC 0.0%

Value ($000) $1,657 Shares 12,430 Est. Cost $114.00 Unrealized +16.3%

WIX WIX COM LTD 0.0%

Value ($000) $1,577 Shares 8,876 Est. Cost $150.49 Unrealized -19.7%

BRO BROWN & BROWN INC 0.0%

Value ($000) $636 Shares 6,777 Est. Cost $97.18 Unrealized -14.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ARES	ARES MANAGEMENT CORPORATION	10,620	$1,698	0.0%	$81.40	+90.3%	—	03990B101
APO	APOLLO GLOBAL MGMT INC	12,430	$1,657	0.0%	$114.00	+16.3%	—	03769M106
WIX	WIX COM LTD	8,876	$1,577	0.0%	$150.49	-19.7%	—	M98068105
BRO	BROWN & BROWN INC	6,777	$636	0.0%	$97.18	-14.2%	—	115236101

Decreased Positions (22)

META META PLATFORMS INC 4.8%

Value ($000) $321,690 (-36.0%) Shares 487,342 (-28.8%) Est. Cost $460.40 Unrealized +44.9%

ORCL ORACLE CORP 1.6%

Value ($000) $108,143 (-37.6%) Shares 554,837 (-9.9%) Est. Cost $242.70 Unrealized -1.9%

ANET ARISTA NETWORKS INC 5.4%

Value ($000) $364,659 (-14.7%) Shares 2,783,018 (-5.1%) Est. Cost $102.72 Unrealized +34.0%

UBER UBER TECHNOLOGIES INC 3.4%

Value ($000) $231,376 (-20.6%) Shares 2,831,670 (-4.7%) Est. Cost $74.64 Unrealized +20.6%

INTU INTUIT 4.1%

Value ($000) $279,434 (-12.1%) Shares 421,838 (-9.4%) Est. Cost $405.91 Unrealized +62.8%

NVDA NVIDIA CORPORATION 15.3%

Value ($000) $1,030,229 (-3.1%) Shares 5,524,019 (-3.0%) Est. Cost $91.89 Unrealized +102.6%

BKNG BOOKING HOLDINGS INC 1.9%

Value ($000) $125,063 (-17.9%) Shares 23,353 (-17.2%) Est. Cost $5027.47 Unrealized +2.2%

PINS PINTEREST INC 0.7%

Value ($000) $46,050 (-26.6%) Shares 1,778,687 (-8.7%) Est. Cost $36.26 Unrealized -20.6%

DXCM DEXCOM INC 2.3%

Value ($000) $156,308 (-8.3%) Shares 2,355,093 (-7.0%) Est. Cost $79.23 Unrealized -18.4%

AMZN AMAZON COM INC 8.1%

Value ($000) $545,574 (+2.7%) Shares 2,363,635 (-2.4%) Est. Cost $121.84 Unrealized +87.8%

MA MASTERCARD INCORPORATED 1.9%

Value ($000) $125,513 (-7.1%) Shares 219,859 (-7.4%) Est. Cost $370.50 Unrealized +50.9%

ABT ABBOTT LABS 1.5%

Value ($000) $102,907 (-7.7%) Shares 821,350 (-1.4%) Est. Cost $111.25 Unrealized +14.4%

MELI MERCADOLIBRE INC 0.1%

Value ($000) $5,646 (-39.1%) Shares 2,803 (-29.4%) Est. Cost $2086.36 Unrealized +0.7%

GRAB GRAB HOLDINGS LIMITED 0.1%

Value ($000) $6,013 (-26.3%) Shares 1,204,929 (-11.1%) Est. Cost $5.30 Unrealized +4.2%

GE GE AEROSPACE 2.5%

Value ($000) $170,379 (+1.0%) Shares 553,125 (-1.4%) Est. Cost $183.14 Unrealized +64.2%

IBN ICICI BANK LIMITED 0.1%

Value ($000) $5,347 (-18.3%) Shares 179,445 (-17.1%) Est. Cost $19.85 Unrealized —

V VISA INC 2.5%

Value ($000) $167,419 (-0.7%) Shares 477,371 (-3.3%) Est. Cost $112.35 Unrealized +203.0%

HDB HDFC BANK LTD 0.1%

Value ($000) $5,875 (-13.4%) Shares 160,785 (-19.0%) Est. Cost $45.91 Unrealized —

ADP AUTOMATIC DATA PROCESSING IN 0.0%

Value ($000) $213 (-79.6%) Shares 829 (-76.7%) Est. Cost $188.68 Unrealized +40.4%

TSM TAIWAN SEMICONDUCTOR MFG LTD 0.2%

Value ($000) $13,545 (-4.9%) Shares 44,571 (-12.6%) Est. Cost $149.64 Unrealized —

PANW PALO ALTO NETWORKS INC 0.0%

Value ($000) $209 (-33.1%) Shares 1,133 (-26.0%) Est. Cost $191.42 Unrealized +5.4%

ASML ASML HOLDING N V 0.0%

Value ($000) $3,298 (+0.1%) Shares 3,083 (-9.5%) Est. Cost $968.09 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	487,342 (-28.8%)	$321,690 (-36.0%)	4.8%	$460.40	+44.9%	CL A	30303M102
ORCL	ORACLE CORP	554,837 (-9.9%)	$108,143 (-37.6%)	1.6%	$242.70	-1.9%	COM	68389X105
ANET	ARISTA NETWORKS INC	2,783,018 (-5.1%)	$364,659 (-14.7%)	5.4%	$102.72	+34.0%	COM SHS	040413205
UBER	UBER TECHNOLOGIES INC	2,831,670 (-4.7%)	$231,376 (-20.6%)	3.4%	$74.64	+20.6%	COM	90353T100
INTU	INTUIT	421,838 (-9.4%)	$279,434 (-12.1%)	4.1%	$405.91	+62.8%	COM	461202103
NVDA	NVIDIA CORPORATION	5,524,019 (-3.0%)	$1,030,229 (-3.1%)	15.3%	$91.89	+102.6%	COM	67066G104
BKNG	BOOKING HOLDINGS INC	23,353 (-17.2%)	$125,063 (-17.9%)	1.9%	$5027.47	+2.2%	COM	09857L108
PINS	PINTEREST INC	1,778,687 (-8.7%)	$46,050 (-26.6%)	0.7%	$36.26	-20.6%	CL A	72352L106
DXCM	DEXCOM INC	2,355,093 (-7.0%)	$156,308 (-8.3%)	2.3%	$79.23	-18.4%	COM	252131107
AMZN	AMAZON COM INC	2,363,635 (-2.4%)	$545,574 (+2.7%)	8.1%	$121.84	+87.8%	COM	023135106
MA	MASTERCARD INCORPORATED	219,859 (-7.4%)	$125,513 (-7.1%)	1.9%	$370.50	+50.9%	CL A	57636Q104
ABT	ABBOTT LABS	821,350 (-1.4%)	$102,907 (-7.7%)	1.5%	$111.25	+14.4%	COM	002824100
MELI	MERCADOLIBRE INC	2,803 (-29.4%)	$5,646 (-39.1%)	0.1%	$2086.36	+0.7%	COM	58733R102
GRAB	GRAB HOLDINGS LIMITED	1,204,929 (-11.1%)	$6,013 (-26.3%)	0.1%	$5.30	+4.2%	CLASS A ORD	G4124C109
GE	GE AEROSPACE	553,125 (-1.4%)	$170,379 (+1.0%)	2.5%	$183.14	+64.2%	COM NEW	369604301
IBN	ICICI BANK LIMITED	179,445 (-17.1%)	$5,347 (-18.3%)	0.1%	$19.85	—	ADR	45104G104
V	VISA INC	477,371 (-3.3%)	$167,419 (-0.7%)	2.5%	$112.35	+203.0%	COM CL A	92826C839
HDB	HDFC BANK LTD	160,785 (-19.0%)	$5,875 (-13.4%)	0.1%	$45.91	—	SPONSORED ADS	40415F101
ADP	AUTOMATIC DATA PROCESSING IN	829 (-76.7%)	$213 (-79.6%)	0.0%	$188.68	+40.4%	COM	053015103
TSM	TAIWAN SEMICONDUCTOR MFG LTD	44,571 (-12.6%)	$13,545 (-4.9%)	0.2%	$149.64	—	SPONSORED ADS	874039100
PANW	PALO ALTO NETWORKS INC	1,133 (-26.0%)	$209 (-33.1%)	0.0%	$191.42	+5.4%	COM	697435105
ASML	ASML HOLDING N V	3,083 (-9.5%)	$3,298 (+0.1%)	0.0%	$968.09	—	N Y REGISTRY SHS	N07059210

Unchanged Positions (4)

MSFT MICROSOFT CORP 11.8%

Value ($000) $796,281 Shares 1,646,502 Est. Cost $148.53 Unrealized +237.0%

HWM HOWMET AEROSPACE INC 2.7%

Value ($000) $179,125 Shares 873,695 Est. Cost $108.75 Unrealized +83.0%

ADSK AUTODESK INC 1.4%

Value ($000) $91,486 Shares 309,064 Est. Cost $202.84 Unrealized +49.2%

SYK STRYKER CORPORATION 0.1%

Value ($000) $6,645 Shares 18,906 Est. Cost $379.21 Unrealized -4.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	1,646,502	$796,281	11.8%	$148.53	+237.0%	COM	594918104
HWM	HOWMET AEROSPACE INC	873,695	$179,125	2.7%	$108.75	+83.0%	COM	443201108
ADSK	AUTODESK INC	309,064	$91,486	1.4%	$202.84	+49.2%	COM	052769106
SYK	STRYKER CORPORATION	18,906	$6,645	0.1%	$379.21	-4.2%	COM	863667101