Institutional Manager · CIK 0001943822
FIRETRAIL INVESTMENTS PTY LTD
BRISBANE, QLD, C3 · File #028-23663
Latest AUM
$305.1M
Positions
29
Top-10 Concentration
52.3%
Filings
8
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
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 | NVIDIA Corp | NVDA | -111,599 | -$20.9M | +$432,622 |
| NEW | Amazon.com Inc | AMZN | +46,954 | +$10.9M | $0 |
| REDUCE | Apple Inc | AAPL | -37,361 | -$10.2M | +$2.9M |
| EXITED | Ferguson Enterprises Inc | 31488V107 | -45,352 | -$10.1M | $0 |
| REDUCE | Interactive Brokers Group Inc | 45841N107 | -151,514 | -$9.8M | -$914,572 |
| REDUCE | Taiwan Semiconductor Manufactu | 874039100 | -26,958 | -$8.2M | +$2.8M |
| NEW | Weyerhaeuser Co | WY | +317,891 | +$7.6M | $0 |
| EXITED | Rayonier Inc | 754907103 | -238,735 | -$6.3M | $0 |
| REDUCE | Fair Isaac Corp | FICO | -3,323 | -$5.6M | +$1.8M |
| REDUCE | Advanced Micro Devices Inc | AMD | -26,051 | -$5.6M | +$5.4M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202529 pos · $305.1M
- 13F HOLDINGS REPORTQ/E Sep 202528 pos · $399.3M
- 13F HOLDINGS REPORTQ/E Jun 202526 pos · $383.1M
- 13F HOLDINGS REPORTQ/E Mar 202525 pos · $343.4M
- 13F HOLDINGS REPORTQ/E Dec 202423 pos · $333.9M
- 13F HOLDINGS REPORTQ/E Sep 202427 pos · $347.2M
- 13F HOLDINGS REPORTQ/E Jun 202427 pos · $329.7M
- 13F HOLDINGS REPORTQ/E Mar 202419 pos · $121.6M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | Apple Inc | AAPL | 101,954 | $27.9M | 9.13% |
| 2 | Taiwan Semiconductor Manufactu | 874039100 | 73,536 | $22.5M | 7.36% |
| 3 | Mastercard Inc | MA | 27,672 | $15.9M | 5.20% |
| 4 | Advanced Micro Devices Inc | AMD | 72,700 | $15.6M | 5.13% |
| 5 | NVIDIA Corp | NVDA | 80,584 | $15.1M | 4.95% |
| 6 | McKesson Corp | MCK | 17,996 | $14.8M | 4.86% |
| 7 | Deere & Co | DE | 29,085 | $13.6M | 4.46% |
| 8 | Booking Holdings Inc | BKNG | 2,214 | $11.9M | 3.90% |
| 9 | Ecolab Inc | ECL | 43,627 | $11.5M | 3.77% |
| 10 | Amazon.com Inc | AMZN | 46,954 | $10.9M | 3.57% |
| 11 | Elevance Health Inc | ELV | 30,755 | $10.8M | 3.55% |
| 12 | Moody's Corp | MCO | 19,732 | $10.1M | 3.32% |
| 13 | ICON PLC | ICLR | 54,976 | $10.1M | 3.30% |
| 14 | Aptiv PLC | APTV | 131,234 | $10.0M | 3.29% |
| 15 | AutoZone Inc | AZO | 2,834 | $9.7M | 3.17% |
| 16 | GXO Logistics Inc | GXO | 166,041 | $8.8M | 2.88% |
| 17 | Vail Resorts Inc | MTN | 64,639 | $8.6M | 2.83% |
| 18 | Fair Isaac Corp | FICO | 5,063 | $8.6M | 2.82% |
| 19 | Darling Ingredients Inc | DAR | 229,733 | $8.3M | 2.72% |
| 20 | Trane Technologies PLC | TT | 19,584 | $7.7M | 2.51% |