Ownership Capital B.V.

Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.

Reported portfolio value by quarter (41 quarters reported)

$9.24B $178M

Q3 15 Q4 17 Q1 20 Q2 22 Q3 24 Q3 25

$570M in Q3 2015 → $178M now. Hover for any quarter.

Holdings

As reported for the quarter ended September 30, 2025. Activity is the change in share count since the prior quarter's filing.

Holding	% of portfolio	Activity	Shares	Value
Mastercard	8.6%	Trimmed 89%	26,894	$15.3M
E Edwards	8.4%	Trimmed 89%	191,201	$14.9M
Ptc	7.5%	Trimmed 89%	66,006	$13.4M
Workday	7.0%	Trimmed 89%	51,632	$12.4M
Intuit	6.9%	Trimmed 89%	18,074	$12.3M
V Veeva	5.8%	Trimmed 89%	34,371	$10.2M
Synopsys	5.6%	Trimmed 69%	20,295	$10M
I Ice	5.2%	Trimmed 89%	54,349	$9.16M
Kla Corp	5.0%	Trimmed 89%	8,198	$8.84M
TF Thermo Fisher	4.9%	Trimmed 89%	18,117	$8.79M
Zoetis	4.8%	Trimmed 89%	58,099	$8.5M
Adobe	4.7%	Trimmed 89%	23,793	$8.39M
Msci Inc	4.6%	Trimmed 89%	14,321	$8.13M
T Tradeweb	3.5%	Trimmed 89%	55,490	$6.16M
T Tyler	3.2%	Trimmed 89%	10,956	$5.73M
M Mettler-toledo	3.2%	Trimmed 89%	4,617	$5.67M
S&P Global	2.6%	Trimmed 89%	9,479	$4.61M
B Biotechne	2.4%	Trimmed 89%	77,257	$4.3M
C Costar	2.4%	Trimmed 89%	50,817	$4.29M
Insulet	2.2%	Trimmed 89%	12,381	$3.82M
S Spotify	1.6%	New	3,967	$2.77M

What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.

quarter ended September 30, 2025 · filed November 03, 2025

Company	Action	Shares changed	Value of change	% of portfolio
Ansys	Exited	−380,652	−$134M	—
Mastercard	Trimmed	−224,311	−$128M	8.6%
E Edwards	Trimmed	−1,595,053	−$124M	8.4%
Ptc	Trimmed	−551,235	−$112M	7.5%
Workday	Trimmed	−430,933	−$104M	7.0%
Intuit	Trimmed	−150,851	−$103M	6.9%
V Veeva	Trimmed	−286,865	−$85.5M	5.8%
I Ice	Trimmed	−453,826	−$76.5M	5.2%
Kla Corp	Trimmed	−68,446	−$73.8M	5.0%
TF Thermo Fisher	Trimmed	−151,046	−$73.3M	4.9%

Showing the 10 largest of 22 changes.

quarter ended June 30, 2025 · filed August 04, 2025

Company	Action	Shares changed	Value of change	% of portfolio
Mastercard	Trimmed	−110,713	−$62.2M	8.2%
Illumina	Exited	−576,911	−$45.8M	—
E Edwards	Trimmed	−567,094	−$44.4M	8.1%
Ansys	Trimmed	−120,845	−$42.4M	7.8%
Intuit	Trimmed	−53,627	−$42.2M	7.7%
Workday	Trimmed	−153,200	−$36.8M	6.7%
Ptc	Trimmed	−195,960	−$33.8M	6.2%
I Ice	Trimmed	−161,333	−$29.6M	5.4%
V Veeva	Trimmed	−101,983	−$29.4M	5.4%
Adobe	Trimmed	−70,529	−$27.3M	5.0%

Showing the 10 largest of 22 changes.

quarter ended March 31, 2025 · filed May 01, 2025

Company	Action	Shares changed	Value of change	% of portfolio
Dexcom	Exited	−701,971	−$54.6M	—
Kla Corp	New	+79,305	+$53.9M	2.5%
V Veeva	Trimmed	−208,067	−$48.2M	4.5%
Mastercard	Trimmed	−67,252	−$36.9M	9.1%
C Costar	Trimmed	−412,599	−$32.7M	2.3%
E Edwards	Trimmed	−438,917	−$31.8M	7.8%
Ansys	Trimmed	−93,991	−$29.8M	7.3%
Workday	Trimmed	−118,477	−$27.7M	6.8%
Intuit	Trimmed	−41,374	−$25.4M	6.3%
Zoetis	Trimmed	−132,832	−$21.9M	5.4%

Showing the 10 largest of 23 changes.

quarter ended December 31, 2024 · filed February 03, 2025

Company	Action	Shares changed	Value of change	% of portfolio
M Marketaxess	Exited	−277,350	−$71.1M	—
T Tradeweb	Trimmed	−422,264	−$55.3M	3.9%
Mastercard	Trimmed	−104,751	−$55.2M	8.3%
Intuit	Trimmed	−82,410	−$51.8M	6.1%
T Tyler	Trimmed	−79,431	−$45.8M	3.4%
Adobe	Added	+67,541	+$30M	5.7%
C Costar	Trimmed	−404,792	−$29M	2.7%
V Veeva	Trimmed	−128,820	−$27.1M	4.9%
E Edwards	Trimmed	−200,754	−$14.9M	7.6%
Ansys	Trimmed	−43,460	−$14.7M	7.4%

Showing the 10 largest of 23 changes.

quarter ended September 30, 2024 · filed November 04, 2024

Company	Action	Shares changed	Value of change	% of portfolio
Intuit	Trimmed	−188,783	−$117M	6.9%
S&P Global	New	+148,720	+$76.8M	2.5%
T Tyler	Trimmed	−131,445	−$76.7M	4.5%
Workday	Trimmed	−263,000	−$64.3M	6.3%
T Tradeweb	Trimmed	−464,025	−$57.4M	4.9%
Mastercard	Trimmed	−114,213	−$56.4M	8.4%
I Ice	Trimmed	−325,607	−$52.3M	4.4%
Ansys	Trimmed	−136,596	−$43.5M	6.5%
M Marketaxess	Trimmed	−152,390	−$39M	2.3%
Ptc	Trimmed	−202,607	−$36.6M	5.5%

Showing the 10 largest of 23 changes.

quarter ended June 30, 2024 · filed August 05, 2024

Company	Action	Shares changed	Value of change	% of portfolio
Zoetis	New	+809,284	+$140M	3.8%
Synopsys	Trimmed	−184,441	−$110M	1.9%
T Tyler	Trimmed	−205,268	−$103M	5.0%
T Tradeweb	Trimmed	−829,091	−$87.9M	4.9%
TF Thermo Fisher	Added	+142,105	+$78.6M	4.9%
Ansys	Trimmed	−238,075	−$76.5M	6.7%
M Marketaxess	Trimmed	−283,480	−$56.8M	2.3%
C Costar	Trimmed	−633,400	−$47M	3.5%
Dexcom	Trimmed	−403,416	−$45.7M	2.8%
Intuit	Trimmed	−49,117	−$32.3M	9.5%

Showing the 10 largest of 22 changes.

quarter ended March 31, 2024 · filed May 02, 2024

Company	Action	Shares changed	Value of change	% of portfolio
Intuit	Trimmed	−46,875	−$30.5M	8.7%
Ansys	Trimmed	−81,471	−$28.3M	8.1%
Mastercard	Trimmed	−56,914	−$27.4M	7.8%
Adobe Inc.	Added	+53,709	+$27.1M	3.7%
Workday	Trimmed	−93,863	−$25.6M	7.3%
E Edwards	Trimmed	−259,960	−$24.8M	7.1%
T Tradeweb	Trimmed	−226,583	−$23.6M	6.0%
Ptc	Trimmed	−100,706	−$19M	5.4%
V Veeva	Trimmed	−81,088	−$18.8M	5.3%
C Costar	Trimmed	−191,942	−$18.5M	5.3%

Showing the 10 largest of 21 changes.

quarter ended December 31, 2023 · filed February 05, 2024

Company	Action	Shares changed	Value of change	% of portfolio
Adobe Inc.	New	+263,692	+$157M	3.5%
Intuit	Trimmed	−173,209	−$108M	8.8%
TF Thermo Fisher	New	+200,752	+$107M	2.4%
Synopsys	Trimmed	−129,483	−$66.7M	3.7%
Workday	Trimmed	−181,694	−$50.2M	7.8%
E Edwards	Added	+613,817	+$46.8M	5.9%
T Tradeweb	Trimmed	−460,925	−$41.9M	5.6%
C Costar	Trimmed	−378,598	−$33.1M	5.0%
M Mettler-toledo	Trimmed	−26,258	−$31.8M	2.8%
B Biotechne	Trimmed	−391,027	−$30.2M	2.4%

Showing the 10 largest of 21 changes.

Comments