Freemont Management S.A.

Freemont Management S.A. runs a $663M, 136-name 13F whose defining characteristic is a deliberate concentration in high-quality technology and communication-services names: Nvidia (NVDA, 5.0%, $33.2M) and Arista Networks (ANET, 4.8%) lead the book, followed by Alphabet Class A (GOOGL, 3.8%) — three names that together occupy 13.6% of the portfolio and anchor a technology-forward positioning that is unusual at this AUM scale. The balance of the top positions includes three cusip-coded names without public-market tickers (888787908 at 3.0%, 874054909 at 2.8%, 87612G901 at 2.3%), suggesting the manager accesses private-placement or structured-product deal flow in addition to public equities. The Q1 rotation is active: 17 new initiations (Toast, Take-Two Interactive, Targa Resources, IQV, Trade Desk, CHRW, plus others) and 17 exits, paired with 4 increases and 24 decreases and 5 unchanged positions across 67 total changes. The most notable movement is in the largest existing positions: NVDA and ANET were both reduced during Q1 while GOOGL was increased — a rotation within the technology layer away from semiconductor hardware toward software and services. With whaleScore of 54 on a concentrated, single-stock book with zero ETF passive scaffolding, this fund is a genuine growth-quality allocator.