Institutional Manager · CIK 0001768744

Munro Partners

MELBOURNE, C3 · File #028-25763

Latest AUM

$3.85B

Positions

Top-10 Concentration

49.0%

Filings

Portfolio Value Over Time

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	COMFORT SYS USA INC	199908104	-147,691	-$137.8M	+$104.6M
REDUCE	BROADCOM INC	AVGO	-345,144	-$119.5M	+$84.3M
NEW	MIRION TECHNOLOGIES INC	MIR	+417,500	+$119.2M	$0
REDUCE	NVIDIA CORPORATION	NVDA	-607,666	-$113.3M	+$107.2M
NEW	GE AEROSPACE	369604301	+312,610	+$96.3M	$0
NEW	VISA INC	V	+263,300	+$92.3M	$0
ADD	HEICO CORP NEW	HEI-A	+279,328	+$90.4M	+$314,148
ADD	SHARKNINJA INC	SN	+728,871	+$81.6M	+$1.6M
EXITED	NETFLIX INC	64110L106	-86,005	-$80.2M	$0
EXITED	SERVICENOW INC	81762P102	-98,193	-$78.2M	$0

Sector Allocation

Technology

23.6%$908.4M

Industrials

17.6%$676.0M

Consumer Discretionary

8.0%$306.1M

Communication Services

7.3%$282.8M

6.1%$236.7M

6.1%$236.6M

4.6%$178.0M

4.3%$164.0M

1.7%$66.3M

0.1%$4.2M

Filing History

Feb 17, 202613F HOLDINGS REPORTQ/E Dec 202561 pos · $3.85B
Oct 29, 202513F HOLDINGS REPORTQ/E Sep 202533 pos · $669.8M
Oct 29, 202513F HOLDINGS REPORTQ/E Sep 202531 pos · $171.7M
Oct 29, 202513F HOLDINGS REPORTQ/E Sep 202519 pos · $111.7M
Oct 29, 202513F HOLDINGS REPORTQ/E Sep 202527 pos · $583.1M
Oct 28, 202513F HOLDINGS REPORTQ/E Sep 202527 pos · $2.92B
Oct 28, 202513F HOLDINGS REPORTQ/E Sep 202523 pos · $2.90B
Oct 28, 202513F HOLDINGS REPORTQ/E Sep 202535 pos · $1.75B
Oct 28, 202513F HOLDINGS REPORTQ/E Sep 202528 pos · $2.31B
Oct 28, 202513F HOLDINGS REPORTQ/E Sep 202527 pos · $706.7M
Oct 28, 202513F HOLDINGS REPORTQ/E Sep 202533 pos · $2.17B
Oct 28, 202513F HOLDINGS REPORTQ/E Sep 202527 pos · $3.58B
Oct 28, 202513F HOLDINGS REPORTQ/E Sep 202529 pos · $605.8M
Oct 28, 202513F HOLDINGS REPORTQ/E Sep 202536 pos · $2.05B
Oct 28, 202513F HOLDINGS REPORTQ/E Sep 202533 pos · $1.69B
Oct 28, 202513F HOLDINGS REPORTQ/E Sep 202528 pos · $2.79B
Oct 28, 202513F HOLDINGS REPORTQ/E Sep 202524 pos · $887.1M
Oct 28, 202513F HOLDINGS REPORTQ/E Sep 202538 pos · $1.98B
Oct 28, 202513F HOLDINGS REPORTQ/E Sep 202524 pos · $1.53B
Oct 28, 202513F HOLDINGS REPORTQ/E Sep 202529 pos · $1.70B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	NVIDIA CORPORATION	NVDA	1,742,521	$325.0M	8.57%
2	GE VERNOVA INC	GEV	330,338	$215.9M	5.69%
3	AMAZON COM INC	AMZN	925,173	$213.5M	5.63%
4	MICROSOFT CORP	MSFT	384,475	$185.9M	4.90%
5	ALPHABET INC	GOOG	573,907	$179.6M	4.74%
6	CONSTELLATION ENERGY CORP	CEG	479,257	$169.3M	4.46%
7	TKO GROUP HOLDINGS INC	TKO	712,256	$148.9M	3.93%
8	NVIDIA CORPORATION	NVDA	765,000	$142.7M	3.76%
9	LIBERTY MEDIA CORP DEL	FWONB	1,418,568	$139.7M	3.68%
10	MASTERCARD INCORPORATED	MA	241,474	$137.9M	3.63%
11	CRH PLC	CRH	1,102,400	$137.6M	3.63%
12	META PLATFORMS INC	META	182,765	$120.6M	3.18%
13	BOSTON SCIENTIFIC CORP	BSX	1,256,810	$119.8M	3.16%
14	MIRION TECHNOLOGIES INC	MIR	417,500	$119.2M	3.14%
15	JOHNSON CTLS INTL PLC	G51502105	893,257	$107.0M	2.82%
16	GE AEROSPACE	369604301	312,610	$96.3M	2.54%
17	VISA INC	V	263,300	$92.3M	2.43%
18	HEICO CORP NEW	HEI-A	284,898	$92.2M	2.43%
19	EATON CORP PLC	ETN	276,542	$88.1M	2.32%
20	SHARKNINJA INC	SN	784,586	$87.8M	2.31%