J. Stern & Co. LLP

LONDON, X0 · CIK 2011335 · 13F filing filed 2025-08-14

SEC-registered investment adviser since 2023 · limited liability partnership

Assets managed$2.2bn
Staff42 · 12 in investment roles
Main clients (by assets)Private funds 50%, High net worth individuals 47%, Individuals 2%
Websitejsternco.com
Form ADV · 2026-06-29SEC adviser record

Legal entityJ. STERN & CO LLP (GB)

$1.2bn reported value +12.2% vs Q1 2025

37positions

65.7%in top 10

2 new 25 added 5 reduced 1 sold out vs Q1 2025

Holdings, Q2 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	966,556	$135.1m11.54%	11.54%	Added +29.1k	+29,101 3.1%
2	META PLATFORMS INC CL A META	META	127,476	$84.6m7.22%	7.22%	Added +4.0k	+4,008 3.2%
3	AMAZON COM INC COM AMZN	AMZN	399,162	$82.4m7.04%	7.04%	Added +11.5k	+11,463 3.0%
4	AMPHENOL CORP CL A APH	APH	871,809	$78.2m6.68%	6.68%	Added +26.7k	+26,690 3.2%
5	EATON CORP PLC SHS ETN	ETN	231,164	$76.9m6.57%	6.57%	Added +6.9k	+6,866 3.1%
6	MASTERCARD INCORPORATED CL A MA	MA	134,351	$75.6m6.46%	6.46%	Added +3.9k	+3,891 3.0%
7	ALPHABET INC CAP STK CL C GOOG	GOOG	404,199	$69.5m5.94%	5.94%	Added +10.7k	+10,723 2.7%
8	HONEYWELL INTL INC COM COM		264,375	$59.7m5.10%	5.10%	Added +1.6k	+1,576 0.6%
9	SALESFORCE INC COM CRM	CRM	203,767	$55.6m4.75%	4.75%	Added +5.9k	+5,927 3.0%
10	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	285,546	$51.0m4.36%	4.36%	Added +8.3k	+8,304 3.0%
11	RTX CORPORATION COM RTX	RTX	366,888	$50.1m4.28%	4.28%	Added +2.6k	+2,614 0.7%
12	ABBOTT LABS COM ABT	ABT	351,707	$46.8m4.00%	4.00%	Added +10.9k	+10,921 3.2%
13	OTIS WORLDWIDE CORP COM OTIS	OTIS	456,843	$44.6m3.81%	3.81%	Added +13.0k	+12,963 2.9%
14	XYLEM INC COM XYL	XYL	350,900	$44.1m3.76%	3.76%	Added +8.0k	+8,019 2.3%
15	DISNEY WALT CO COM DIS	DIS	382,052	$43.6m3.72%	3.72%	Added +5.5k	+5,455 1.4%
16	ADOBE INC COM ADBE	ADBE	97,901	$39.3m3.35%	3.35%	Added +1.3k	+1,278 1.3%
17	ZOETIS INC CL A ZTS	ZTS	208,959	$33.5m2.86%	2.86%	Reduced -227	-227 -0.1%
18	AMERICAN TOWER CORP NEW COM AMT	AMT	137,189	$29.5m2.52%	2.52%	Added +1.8k	+1,792 1.3%
19	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	63,153	$25.1m2.14%	2.14%	Added +1.6k	+1,600 2.6%
20	VISA INC COM CL A V	V	14,057	$5.0m0.42%	0.42%	Added +589	+589 4.4%
21	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	9,755	$4.9m0.42%	0.42%	Unchanged
22	BOOKING HOLDINGS INC COM BKNG	BKNG	788	$4.2m0.36%	0.36%	Added +34	+34 4.5%
23	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	12,578	$4.0m0.34%	0.34%	Reduced -830	-830 -6.2%
24	MCDONALDS CORP COM MCD	MCD	11,353	$3.6m0.31%	0.31%	Reduced -728	-728 -6.0%
25	DEXCOM INC COM DXCM	DXCM	40,048	$3.4m0.29%	0.29%	Added +2.4k	+2,372 6.3%
26	BLOCK INC CL A XYZ	XYZ	54,506	$3.2m0.27%	0.27%	Reduced -3.4k	-3,404 -5.9%
27	ELI LILLY & CO COM LLY	LLY	4,201	$3.0m0.26%	0.26%	Added +152	+152 3.8%
28	LAM RESEARCH CORP COM NEW LRCX	LRCX	35,475	$2.9m0.25%	0.25%	New
29	LAUDER ESTEE COS INC CL A EL	EL	43,604	$2.8m0.24%	0.24%	Added +2.3k	+2,293 5.5%
30	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	5,078	$2.7m0.23%	0.23%	Added +306	+306 6.4%
31	IDEXX LABS INC COM IDXX	IDXX	4,954	$2.5m0.21%	0.21%	Added +299	+299 6.4%
32	GOLDMAN SACHS PHYSICAL GOLD UNIT AAAU	AAAU	42,415	$1.4m0.12%	0.12%	Unchanged
33	BROWN FORMAN CORP CL B BF.B	BF.B	20,527	$696.7k0.06%	0.06%	Reduced -18.5k	-18,544 -47.5%
34	ALPHABET INC CAP STK CL A GOOGL	GOOGL	4,026	$678.3k0.06%	0.06%	Unchanged
35	NORTHROP GRUMMAN CORP COM NOC	NOC	740	$348.9k0.03%	0.03%	Unchanged
36	LOCKHEED MARTIN CORP COM LMT	LMT	705	$330.6k0.03%	0.03%	Unchanged
37	WALLBOX NV SHS CL A WBX	WBX	50,000	$16.2k0.00%	0.00%	New

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
LINDE PLC LIN	LIN	3,112	$1.4m3.1k shares