Fire Capital Management LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Fire Capital Management LLC reported 89 stock positions worth $136.0 million. Its top holding was Nvidia (NVDA) at 8.9% of the portfolio, followed by iShares Russell 1000 ETF (IWB, 6.5%) and SS SPDR S&P 500 ETF Trust-US (SPY, 4.4%). Compared with Q4 2024, it opened 6 new positions, sold out of 7, added to 54 and reduced 11. The biggest buy was iShares Russell 1000 ETF (IWB, shares +19%) and the biggest sale Arista Networks (ANET, shares −11%).

Most Recent 13F
Q2 2026
Location
San Francisco, CA
CIK
0002059571
Portfolio Value
$136.0M (Q1 2025)
SEC Filing
0001172661-25-001755 ↗ filed May 13, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q4 2024: $134.3M Q4 2024 Q1 2025: $136.0M $136.0M Q1 2025 Q2 2025: $157.5M Q2 2025 Q3 2025: $174.2M Q3 2025 Q4 2025: $200.5M Q4 2025 Q1 2026: $213.5M Q1 2026 Q2 2026: $245.7M Q2 2026

Holdings 89 stocks · $136.0M
NVDA Nvidia Corp. 8.85% 111,043 $12.0M Add +7.0%
IWB iShares Russell 1000 ETF 6.48% 28,741 $8.8M Add +18.6%
SPY SS SPDR S&P 500 ETF Trust-US 4.41% 10,721 $6.0M Add +11.7%
JPM JPMorgan Chase & Co. 3.78% 20,934 $5.1M Add +4.0%
MSFT Microsoft Corp. 3.74% 13,536 $5.1M Add +8.3%
IWM iShares Russell 2000 ETF 3.64% 24,836 $5.0M Add +9.0%
RSP Invesco S&P 500 Equal Weight 3.41% 26,742 $4.6M Add +9.3%
GLD SPDR Gold Shares 3.19% 15,078 $4.3M Add +6.8%
TSLA Tesla Inc. 2.65% 13,927 $3.6M Add +3.7%
AAPL Apple Inc. 2.53% 15,516 $3.4M Add +4.7%
BEN Franklin Templeton Inc. 2.44% 172,333 $3.3M No change
AMZN Amazon.com Inc. 2.29% 16,349 $3.1M Add +19.8%
DE Deere & Co. 1.96% 5,685 $2.7M Add +1.7%
IGSB iShares 1-5Y Inv Grade Corp. 1.94% 50,272 $2.6M Reduce -3.4%
AXP American Express Co. 1.88% 9,480 $2.6M Add +2.9%
XOM Exxon Mobil Corp. 1.60% 18,280 $2.2M No change
IEFA iShares Core MSCI Eafe ETF 1.55% 27,895 $2.1M Reduce -6.1%
VXUS Vanguard Total Intl Stock 1.49% 32,587 $2.0M Add +3.2%
ZTS Zoetis Inc. 1.42% 11,750 $1.9M Add +1.5%
VWO Vanguard Ftse Emerging Marke 1.42% 42,642 $1.9M Add +14.8%
MINV Matthews Asia Innovators Act 1.28% 62,249 $1.7M Add +3.4%
PM Philip Morris International 1.27% 10,900 $1.7M No change
WMT Walmart Inc. 1.26% 19,546 $1.7M Add +3.2%
ISRG Intuitive Surgical Inc. 1.16% 3,184 $1.6M Add +0.4%
MDLZ Mondelez International Inc. Class A 1.11% 22,195 $1.5M Add +2.4%
CL Colgate-Palmolive Co. 1.02% 14,861 $1.4M No change
CAT Caterpillar Inc. 0.98% 4,041 $1.3M Add +3.1%
COST Costco Wholesale Corp. 0.94% 1,350 $1.3M Add +1.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.93% 12,879 $1.3M Add +1.7%
AVGO Broadcom Inc. 0.93% 7,530 $1.3M Add +17.2%
TMO Thermo Fisher Scientific Inc. 0.93% 2,529 $1.3M Add +16.7%
ADBE Adobe Inc. 0.91% 3,235 $1.2M Add +6.5%
V Visa Inc. Class A 0.91% 3,537 $1.2M Add +8.1%
UNP Union Pacific Corp. 0.88% 5,088 $1.2M Add +2.3%
LNG Cheniere Energy Inc. 0.86% 5,043 $1.2M Add +1.3%
CRM Salesforce Inc. 0.85% 4,331 $1.2M Add +9.2%
LLY Eli Lilly & Co. 0.81% 1,341 $1.1M Add +0.7%
BLK BlackRock Inc. 0.75% 1,083 $1.0M Add +9.3%
VXF Vanguard Extended Market ETF 0.74% 5,814 $1.0M Add +53.0%
PFE Pfizer Inc. 0.71% 38,367 $972K No change
ORCL Oracle Corp. 0.69% 6,686 $935K Add +39.2%
META Meta Platforms Inc. Class A 0.68% 1,603 $924K Reduce -24.0%
ANET Arista Networks Inc. 0.66% 11,621 $900K Reduce -10.7%
JMBS Janus Henderson Mortg Backed 0.65% 19,602 $886K Add +72.3%
NEE Nextera Energy Inc. 0.65% 12,431 $881K Reduce -0.4%
HD Home Depot Inc. 0.65% 2,398 $879K No change
NXH Neighborhood Intelligence Inc. filed as BEYOND INC 0.63% 147,209 $854K No change
AMT American Tower Corp. 0.59% 3,679 $801K Add +3.5%
DHR Danaher Corp. 0.57% 3,761 $771K Add +4.8%
OTIS Otis Worldwide Corp. 0.56% 7,346 $758K No change
CASY Casey's General Stores Inc. 0.56% 1,746 $758K Add +27.1%
ROK Rockwell Automation Inc. 0.55% 2,893 $747K Add +4.4%
WM Waste Management Inc. 0.54% 3,193 $739K Add +11.7%
APD Air Products & Chemicals Inc. 0.54% 2,498 $737K Add +1.3%
AWK American Water Works Co. Inc. 0.53% 4,930 $727K Add +1.3%
GS Goldman Sachs Group Inc. 0.53% 1,313 $717K Add +16.2%
CTVA Corteva Inc. 0.52% 11,310 $712K Add +6.9%
MCD McDonald's Corp. 0.50% 2,171 $678K Add +3.1%
CVX Chevron Corp. 0.50% 4,045 $677K Reduce -2.0%
NFLX Netflix Inc. 0.49% 721 $672K Add +82.5%
BRK.B Berkshire Hathaway Inc. Class B 0.48% 1,229 $655K Add +0.1%
RTX RTX Corp. 0.46% 4,746 $629K Reduce -0.4%
MCK McKesson Corp. 0.42% 850 $572K No change
AEP American Electric Power 0.41% 5,125 $560K Add +1.9%
AMP Ameriprise Financial Inc. 0.41% 1,150 $557K No change
MA Mastercard Inc. Class A 0.41% 1,014 $556K No change
CRWD CrowdStrike Holdings Inc. Class A 0.39% 1,496 $527K Add +5.0%
CEG Constellation Energy 0.38% 2,551 $514K New
ROP Roper Technologies Inc. 0.37% 846 $499K Add +3.5%
CRDO Credo Technology Group Holdi 0.36% 12,183 $489K Add +44.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.30% 9,816 $410K Add +14.3%
HON Honeywell International Inc. 0.30% 1,897 $402K Reduce -5.2%
GOOG Alphabet Inc. Class C 0.28% 2,428 $379K New
NSC Norfolk Southern Corp. 0.26% 1,500 $355K No change
CMG Chipotle Mexican Grill Inc. 0.26% 6,959 $349K Add +95.1%
AZO AutoZone Inc. 0.25% 90 $343K Reduce -21.7%
IBIT iShares Bitcoin Trust ETF 0.25% 7,268 $340K No change
CSCO Cisco Systems Inc. 0.25% 5,467 $337K Reduce -1.4%
ADI Analog Devices Inc. 0.25% 1,656 $334K No change
TMUS T-Mobile US Inc. 0.24% 1,228 $328K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.23% 2,522 $307K New
GOOGL Alphabet Inc. Class A 0.22% 1,975 $305K No change
CARR Carrier Global Corp. 0.22% 4,692 $297K No change
VOO Vanguard S&P 500 ETF 0.21% 550 $283K New
ELV Elevance Health Inc. 0.20% 625 $272K No change
PANW Palo Alto Networks Inc. 0.19% 1,491 $254K Add +6.2%
TXN Texas Instruments Inc. 0.17% 1,316 $236K Reduce -2.5%
BKNG Booking Holdings Inc. 0.17% 50 $230K No change
UNH Unitedhealth Group Inc. 0.16% 427 $224K New

Portfolio Sells Q4 2024 → Q1 2025
ANET Arista Networks Inc. Reduce -10.7% 0.66% −0.41
NVO Novo-Nordisk A/S-Spons ADR Sold out 0.00% −0.29
DXCM Dexcom Inc. Sold out 0.00% −0.27
META Meta Platforms Inc. Class A Reduce -24.0% 0.68% −0.24
DAL Delta Air Lines Inc. Sold out 0.00% −0.24
MCO Moody's Corp. Sold out 0.00% −0.17
JNJ Johnson & Johnson Sold out 0.00% −0.16
AVAV Aerovironment Inc. Sold out 0.00% −0.15
PRU Prudential Financial Inc. Sold out 0.00% −0.15
IGSB iShares 1-5Y Inv Grade Corp. Reduce -3.4% 1.94% −0.07
HON Honeywell International Inc. Reduce -5.2% 0.30% −0.04
AZO AutoZone Inc. Reduce -21.7% 0.25% −0.02
NEE Nextera Energy Inc. Reduce -0.4% 0.65% −0.02
TXN Texas Instruments Inc. Reduce -2.5% 0.17% −0.01
IEFA iShares Core MSCI Eafe ETF Reduce -6.1% 1.55% −0.00
CSCO Cisco Systems Inc. Reduce -1.4% 0.25% +0.00
RTX RTX Corp. Reduce -0.4% 0.46% +0.05
CVX Chevron Corp. Reduce -2.0% 0.50% +0.05

Portfolio Buys Q4 2024 → Q1 2025
IWB iShares Russell 1000 ETF Add +18.6% 6.48% +0.67
GLD SPDR Gold Shares Add +6.8% 3.19% +0.65
CEG Constellation Energy New 0.38% +0.38
GOOG Alphabet Inc. Class C New 0.28% +0.28
JMBS Janus Henderson Mortg Backed Add +72.3% 0.65% +0.28
TMUS T-Mobile US Inc. New 0.24% +0.24
NFLX Netflix Inc. Add +82.5% 0.49% +0.23
TJX TJX Companies Inc. New 0.23% +0.23
SPY SS SPDR S&P 500 ETF Trust-US Add +11.7% 4.41% +0.22
RSP Invesco S&P 500 Equal Weight Add +9.3% 3.41% +0.21
VOO Vanguard S&P 500 ETF New 0.21% +0.21
VWO Vanguard Ftse Emerging Marke Add +14.8% 1.42% +0.20
VXF Vanguard Extended Market ETF Add +53.0% 0.74% +0.20
DE Deere & Co. Add +1.7% 1.96% +0.20
JPM JPMorgan Chase & Co. Add +4.0% 3.78% +0.18
UNH Unitedhealth Group Inc. New 0.16% +0.16
CASY Casey's General Stores Inc. Add +27.1% 0.56% +0.15
MDLZ Mondelez International Inc. Class A Add +2.4% 1.11% +0.14
V Visa Inc. Class A Add +8.1% 0.91% +0.14
WM Waste Management Inc. Add +11.7% 0.54% +0.11
AMT American Tower Corp. Add +3.5% 0.59% +0.10
VXUS Vanguard Total Intl Stock Add +3.2% 1.49% +0.10
CMG Chipotle Mexican Grill Inc. Add +95.1% 0.26% +0.10
ORCL Oracle Corp. Add +39.2% 0.69% +0.09
TMO Thermo Fisher Scientific Inc. Add +16.7% 0.93% +0.09
AWK American Water Works Co. Inc. Add +1.3% 0.53% +0.08
CTVA Corteva Inc. Add +6.9% 0.52% +0.07
BRK.B Berkshire Hathaway Inc. Class B Add +0.1% 0.48% +0.07
AEP American Electric Power Add +1.9% 0.41% +0.07
LNG Cheniere Energy Inc. Add +1.3% 0.86% +0.06
AMZN Amazon.com Inc. Add +19.8% 2.29% +0.06
MINV Matthews Asia Innovators Act Add +3.4% 1.28% +0.05
ROP Roper Technologies Inc. Add +3.5% 0.37% +0.05
LLY Eli Lilly & Co. Add +0.7% 0.81% +0.05
GS Goldman Sachs Group Inc. Add +16.2% 0.53% +0.05
MCD McDonald's Corp. Add +3.1% 0.50% +0.04
UNP Union Pacific Corp. Add +2.3% 0.88% +0.04
COST Costco Wholesale Corp. Add +1.1% 0.94% +0.03
CRWD CrowdStrike Holdings Inc. Class A Add +5.0% 0.39% +0.02
BAC Bank of America Corp. Add +14.3% 0.30% +0.02
ZTS Zoetis Inc. Add +1.5% 1.42% +0.02
APD Air Products & Chemicals Inc. Add +1.3% 0.54% +0.01
BLK BlackRock Inc. Add +9.3% 0.75% −0.00
PANW Palo Alto Networks Inc. Add +6.2% 0.19% −0.00
WMT Walmart Inc. Add +3.2% 1.26% −0.01
ROK Rockwell Automation Inc. Add +4.4% 0.55% −0.04
DHR Danaher Corp. Add +4.8% 0.57% −0.05
CRDO Credo Technology Group Holdi Add +44.0% 0.36% −0.06
ISRG Intuitive Surgical Inc. Add +0.4% 1.16% −0.07
CAT Caterpillar Inc. Add +3.1% 0.98% −0.08

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 122$245.7MNVDA, IWB, RSP, AAPL, VXUS
Q1 2026 108$213.5MNVDA, IWB, RSP, AAPL, VXUS
Q4 2025 117$200.5MNVDA, IWB, MSFT, RSP, AAPL
Q3 2025 98$174.2MNVDA, IWB, MSFT, RSP, JPM
Q2 2025 93$157.5MNVDA, IWB, MSFT, RSP, SPY
Q1 2025 89$136.0MNVDA, IWB, SPY, JPM, MSFT
Q4 2024 90$134.3MNVDA, IWB, SPY, TSLA, MSFT