DSM Capital Partners 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
58.com	ADR	31680Q104	257	5,210	SH		SOLE		5,210	0	0
Abbott Laboratories	Common Stock	002824100	140,189	1,675,483	SH		SOLE		1,587,981	0	87,502
Adobe	Common Stock	00724F101	509,192	1,843,231	SH		SOLE		1,705,373	0	137,858
Alibaba Group Holding	ADR	01609W102	499,047	2,984,192	SH		SOLE		2,746,670	0	237,522
Alphabet -CL A	Common Stock	02079K305	493,348	404,006	SH		SOLE		374,927	0	29,079
Alphabet -CL C	Common Stock	02079K107	18,852	15,465	SH		SOLE		14,117	0	1,348
Amazon.com	Common Stock	023135106	308,817	177,899	SH		SOLE		168,531	0	9,368
Arco Platform	Non-US Prime Listing	G04553106	203	4,000	SH		SOLE		4,000	0	0
Automatic Data Processing	Common Stock	053015103	247,998	1,536,351	SH		SOLE		1,455,265	0	81,086
Bank of Montreal	Non-US Prime Listing	063671101	1,098	14,900	SH		SOLE		14,900	0	0
Baozun	ADR	06684L103	352	8,235	SH		SOLE		8,235	0	0
Becton, Dickinson & Company	Common Stock	075887109	189,890	750,671	SH		SOLE		712,404	0	38,267
Booking Holdings	Common Stock	09857L108	146,424	74,607	SH		SOLE		70,637	0	3,970
Burlington Stores	Common Stock	122017106	114,450	572,766	SH		SOLE		542,579	0	30,187
Canadian Pacific Railway	Non-US Prime Listing	13645T100	604	2,717	SH		SOLE		2,717	0	0
Coca-Cola FEMSA	ADR	191241108	218	3,600	SH		SOLE		3,600	0	0
Elanco Animal Health	Common Stock	28414H103	103,379	3,887,905	SH		SOLE		3,700,571	0	187,334
Endava	ADR	29260V105	459	12,140	SH		SOLE		12,140	0	0
EPAM Systems	Common Stock	29414B104	124,423	682,448	SH		SOLE		646,879	0	35,569
Facebook	Common Stock	30303M102	371,765	2,087,630	SH		SOLE		1,937,347	0	150,283
Fomento Economico Mexicano	ADR	344419106	254	2,770	SH		SOLE		2,770	0	0
Global Payments	Common Stock	37940X102	98,917	622,120	SH		SOLE		590,571	0	31,549
Globant	Non-US Prime Listing	L44385109	1,128	12,316	SH		SOLE		12,316	0	0
HDFC Bank	ADR	40415F101	78,004	1,367,296	SH		SOLE		1,168,488	0	198,808
ICICIC Bank	ADR	45104G104	196	16,085	SH		SOLE		16,085	0	0
Intuit	Common Stock	461202103	148,469	558,278	SH		SOLE		528,241	0	30,037
iShares Russell 1000 Growth	Exchange Traded Fund	464287614	44	2,811	SH		SOLE		2,811	0	0
JD.com	ADR	47215P106	155	5,480	SH		SOLE		5,480	0	0
Kering	ADR	492089107	304	5,978	SH		SOLE		5,978	0	0
Lamar Advertising	Common Stock	512816109	2,097	25,600	SH		SOLE		25,600	0	0
Microsoft	Common Stock	594918104	654,555	4,708,007	SH		SOLE		4,355,731	0	352,276
Momo	ADR	60879B107	300	9,685	SH		SOLE		9,685	0	0
Monster Beverage	Common Stock	61174X109	149,286	2,571,248	SH		SOLE		2,439,018	0	132,230
MSCI	Common Stock	55354G100	109,628	503,451	SH		SOLE		477,784	0	25,667
Neurocrine Biosciences	Common Stock	64125C109	58,681	651,213	SH		SOLE		616,632	0	34,581
New Oriental Education	ADR	647581107	108,156	976,488	SH		SOLE		914,284	0	62,204
Nice Ltd	ADR	653656108	3,604	25,065	SH		SOLE		25,065	0	0
Noah Holdings	ADR	65487X102	219	7,505	SH		SOLE		7,505	0	0
PagSeguro Digital	Non-US Prime Listing	G68707101	851	18,380	SH		SOLE		18,380	0	0
Palo Alto Networks	Common Stock	697435105	145,209	712,402	SH		SOLE		673,764	0	38,638
Paypal Holdings	Common Stock	70450Y103	362,844	3,502,695	SH		SOLE		3,223,075	0	279,620
Raytheon Company	Common Stock	755111507	1,118	5,700	SH		SOLE		5,700	0	0
Royal Bank of Canada	Non-US Prime Listing	780087102	1,867	23,000	SH		SOLE		23,000	0	0
Royal Caribbean Cruises	Non-US Incorp.Common Stock	V7780T103	106,028	978,742	SH		SOLE		925,175	0	53,567
Sirius XM Holdings	Common Stock	82968B103	122,816	19,634,880	SH		SOLE		18,612,387	0	1,022,493
Tencent Holdings	ADR	88032Q109	299,354	7,180,660	SH		SOLE		6,790,899	0	389,761
Tencent Music Entertainment	ADR	88034P109	782	61,265	SH		SOLE		61,265	0	0
Thermo Fisher Scientific	Common Stock	883556102	124,034	425,839	SH		SOLE		402,951	0	22,888
Visa	Common Stock	92826C839	410,835	2,388,445	SH		SOLE		2,186,968	0	201,477
Yandex	Non-US Prime Listing	N97284108	845	24,136	SH		SOLE		24,136	0	0
Zoetis	Common Stock	98978V103	239,996	1,926,292	SH		SOLE		1,825,819	0	100,473