13F-HR 1 d13fhr.txt FORM 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 09-30-2010 Check here if Amendment [_]; Amendment Number: ------------------ This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: DSM Capital Partners Address: 320 East Main Street Mount Kisco, NY 10549 Form 13F File Number: 28- -------------- The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Stephen E. Memishian Title: Managing Partner Phone: 914-242-1900 Signature, Place, and Date of Signing: /s/ Stephen E. Memishian Mount Kisco, NY 11/12/10 -------------------------- ------------------------- ------------------------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [_] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name -------------------- -------- 28- ----------------- --------------------------------------------------------- [Repeat as necessary.] Report Summary: Number of Other Included Managers: 0 ------------- Form 13F Information Table Entry Total: 65 ------------- Form 13F Information Table Value Total: 2,948,296,000 ------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] None [Repeat as necessary.]
INVESTMENT DISCRETION ---------------------------- B) ITEM 2: ITEM 3: ITEM 4: SHARES OF SHARED AS C) VOTING AUTHORITY (SHARES) ITEM 1: TITLE OF CUSIP FAIR MARKET PRINCIPAL A) DEFINED SHARED ---------------------------- NAME OF ISSUER CLASS NUMBER VALUE AMOUNT SOLE IN INST. V OTHER A) SOLE B)SHARED C)NONE ----------------------- ------------- --------- ---------------- --------- --------- ---------- ------- --------- -------- --------- 3M Company Common Stocks 88579Y101 74,865,414.00 863,400 680,760 0 33,440 384,509 135,165 343,603 Adobe Common Stocks 00724F101 75,588,981.55 2,890,592 2,269,217 0 114,100 1,279,188 459,605 1,151,383 Adtran Common Stocks 00738A106 1,781,591.00 50,470 50,470 0 0 0 0 50,470 Affiliated Managers Common Stocks 008252108 2,318,457.20 29,720 29,720 0 0 0 0 29,720 Alexion Pharmaceuticals Common Stocks 015351109 1,932,409.00 30,025 30,025 0 0 0 0 30,025 Allergan Common Stocks 018490102 87,112,851.69 1,309,377 1,030,673 0 51,100 577,342 206,221 525,627 Allos Therapeutics Common Stocks 019777101 485,074.40 102,770 102,770 0 0 0 0 102,770 Altera Corp Common Stocks 021441100 54,546,380.72 1,808,567 1,446,357 0 67,760 757,912 266,733 783,677 Amazon.com Common Stocks 023135106 73,499,525.56 467,971 367,136 0 18,740 207,757 74,414 185,733 Ansys Common Stocks 03662Q105 1,690,633.75 40,015 40,015 0 0 0 0 40,015 Apple Computer Common Stocks 037833100 189,935,724.25 669,377 537,749 0 24,270 322,066 97,158 250,064 Artio Global Investors Common Stocks 04315B107 1,488,537.00 97,290 97,290 0 0 0 0 97,290 C.H. Robinson Worldwide Common Stocks 12541W209 99,717,316.36 1,426,163 1,119,433 0 56,400 631,245 226,810 567,903 Cardtronics Common Stocks 14161H108 1,134,757.80 73,590 73,590 0 0 0 0 73,590 CareFusion Corp Common Stocks 14170T101 1,689,492.60 68,015 68,015 0 0 0 0 68,015 Celgene Common Stocks 151020104 210,613,115.34 3,655,843 2,909,989 0 138,605 1,695,138 549,090 1,411,112 Check Point Software Common Stocks M22465104 1,000,803.00 27,100 27,100 0 0 6,800 0 20,300 Church & Dwight Common Stocks 171340102 1,522,843.00 23,450 23,450 0 0 0 0 23,450 Cisco Systems Common Stocks 17275R102 85,385,953.30 3,898,902 3,067,552 0 153,845 1,730,377 613,517 1,554,446 Cognizant Technology Solutions Common Stocks 192446102 138,686,444.82 2,151,178 1,695,681 0 83,725 958,143 336,871 855,859 Colgate-Palmolive Common Stocks 194162103 43,227,447.34 562,418 447,559 0 21,260 246,217 85,226 230,909 CTRIP.com International ADR 22943F100 715,295.00 14,980 14,980 0 0 0 0 14,980 DaVita Common Stocks 23918K108 1,968,735.60 28,520 28,520 0 0 0 0 28,520 Expedia Common Stocks 30212P105 1,757,882.10 62,270 62,270 0 0 0 0 62,270 Expeditors International Common Stocks 302130109 136,459,078.92 2,951,743 2,340,314 0 111,890 1,280,551 452,739 1,218,043 F5 Networks Common Stocks 315616102 95,186,918.29 916,934 725,669 0 35,140 393,125 141,531 382,149 Gen-Probe Common Stocks 36866T103 41,990,395.94 866,496 690,089 0 32,250 360,889 130,926 374,563 Google Common Stocks 38259P508 154,081,707.57 293,048 232,518 0 10,865 135,773 45,019 112,216 Gymboree Common Stocks 403777105 1,836,691.10 44,215 44,215 0 0 0 0 44,215 Henry Schein Common Stocks 806407102 1,866,358.80 31,860 31,860 0 0 0 0 31,860 Home Inns & Hotels Management ADR 43713W107 2,099,966.65 42,415 42,415 0 0 5,000 0 37,415 Icon PLC ADR 45103T107 8,960,192.80 414,440 414,440 0 0 338,700 0 75,740 IDEXX Laboratories Common Stocks 45168D104 1,501,030.40 24,320 24,320 0 0 0 0 24,320 IHS Inc Common Stocks 451734107 2,215,780.00 32,585 32,585 0 0 0 0 32,585 II VI Common Stocks 902104108 1,280,978.95 34,315 34,315 0 0 0 0 34,315 Infosys Technologies ADR 456788108 10,742,676.00 159,600 159,600 0 0 159,600 0 0 Intuitive Surgical Common Stocks 46120E602 94,548,410.20 333,222 266,545 0 12,285 157,648 49,283 126,246 Invesco Ltd Common Stocks G491BT108 69,765,665.18 3,286,183 2,600,241 0 130,425 1,467,028 502,808 1,315,882 McDonald's Common Stocks 580135101 83,821,365.72 1,124,968 888,122 0 43,550 497,047 175,104 452,657 Medidata Solutions Common Stocks 58471A105 1,844,352.00 96,060 96,060 0 0 0 0 96,060 MSCI Inc Common Stocks 55354G100 1,699,853.85 51,185 51,185 0 0 0 0 51,185 National Instruments Common Stocks 636518102 1,788,624.90 54,765 54,765 0 0 0 0 54,765 Nestle SA ADR 641069406 60,424,004.77 1,127,682 876,193 0 47,080 510,923 185,408 431,183 NetApp Common Stocks 64110D104 132,341,272.85 2,657,989 2,103,775 0 101,740 1,167,069 409,996 1,080,553 Novo Nordisk A/S ADR 670100205 47,405,947.64 481,572 375,491 0 19,665 219,477 78,291 183,733 Nuance Communications Common Stocks 67020Y100 1,517,080.00 97,000 97,000 0 0 0 0 97,000 Panera Bread Company Common Stocks 69840W108 2,560,829.00 28,900 28,900 0 0 0 0 28,900 Parexel International Common Stocks 699462107 1,883,360.25 81,425 81,425 0 0 0 0 81,425 PepsiCo Common Stocks 713448108 88,281,884.52 1,328,746 1,046,583 0 51,500 586,097 209,082 533,379 Praxair Common Stocks 74005P104 80,147,269.74 887,960 697,459 0 35,140 394,570 140,878 352,389 Priceline.com Common Stocks 741503403 106,943,862.74 307,010 242,011 0 12,050 136,706 47,986 122,275 Radware Ltd. Common Stocks M81873107 1,002,109.40 29,165 29,165 0 0 0 0 29,165 Riverbed Technology Common Stocks 768573107 2,241,168.60 49,170 49,170 0 0 0 0 49,170 Rockwell Collins Common Stocks 774341101 39,205,162.50 673,050 530,680 0 25,310 289,531 106,073 277,350 Ross Stores Common Stocks 778296103 1,508,342.70 27,595 27,595 0 0 0 0 27,595 SABMiller ADR 78572M105 67,104,968.83 2,092,307 1,615,399 0 88,585 938,219 351,780 801,989 Schlumberger Common Stocks 806857108 101,868,376.66 1,653,439 1,303,706 0 64,500 737,888 258,345 656,971 State Street Common Stocks 857477103 68,284,660.22 1,813,188 1,423,627 0 72,540 805,512 287,219 720,197 Stryker Common Stocks 863667101 51,493,092.00 1,028,833 846,120 0 39,520 471,599 129,795 427,322 Target Common Stocks 87612E106 100,384,047.72 1,878,444 1,474,203 0 74,360 831,147 298,990 748,037 Tsingtao Brewery ADR 898529102 1,451,286.27 25,205 25,205 0 0 0 0 25,205 VanceInfo Technologies ADR 921564100 2,848,668.90 88,085 88,085 0 0 0 0 88,085 Varian Medical Systems Common Stocks 92220P105 121,551,276.00 2,009,112 1,619,020 0 72,540 925,116 287,768 795,967 VeriFone Systems Common Stocks 92342Y109 1,189,359.60 38,280 38,280 0 0 0 0 38,280 Wal-Mart Stores Common Stocks 931142103 2,302,698.20 43,025 42,910 0 0 14,730 0 28,295 COLUMN TOTAL$ 2,948,296,442.76