Fire Capital Management LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 1, 2025), Fire Capital Management LLC reported 93 stock positions worth $157.5 million. Its top holding was Nvidia (NVDA) at 11.0% of the portfolio, followed by iShares Russell 1000 ETF (IWB, 6.3%) and Microsoft (MSFT, 4.3%). Compared with Q1 2025, it opened 8 new positions, sold out of 4, added to 35 and reduced 27. The biggest buy was a new position in Vanguard Russell 2000 ETF (VTWO) and the biggest sale iShares Russell 2000 ETF (IWM, shares −36%).

Most Recent 13F
Q2 2026
Location
San Francisco, CA
CIK
0002059571
Portfolio Value
$157.5M (Q2 2025)
SEC Filing
0001172661-25-002850 ↗ filed Aug 1, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q4 2024: $134.3M Q4 2024 Q1 2025: $136.0M Q1 2025 Q2 2025: $157.5M $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 93 stocks · $157.5M
NVDA Nvidia Corp. 11.02% 109,870 $17.4M Reduce -1.1%
IWB iShares Russell 1000 ETF 6.29% 29,193 $9.9M Add +1.6%
MSFT Microsoft Corp. 4.30% 13,628 $6.8M Add +0.7%
RSP Invesco S&P 500 Equal Weight 3.96% 34,353 $6.2M Add +28.5%
SPY SS SPDR S&P 500 ETF Trust-US 3.90% 9,953 $6.1M Reduce -7.2%
JPM JPMorgan Chase & Co. 3.86% 20,966 $6.1M Add +0.1%
TSLA Tesla Inc. 2.69% 13,348 $4.2M Reduce -4.2%
BEN Franklin Templeton Inc. 2.61% 172,333 $4.1M No change
GLD SPDR Gold Shares 2.45% 12,669 $3.9M Reduce -16.0%
AMZN Amazon.com Inc. 2.33% 16,751 $3.7M Add +2.5%
IWM iShares Russell 2000 ETF 2.18% 15,943 $3.4M Reduce -35.8%
VXUS Vanguard Total Intl Stock 2.04% 46,589 $3.2M Add +43.0%
VWO Vanguard Ftse Emerging Marke 1.98% 62,938 $3.1M Add +47.6%
AXP American Express Co. 1.91% 9,427 $3.0M Reduce -0.6%
DE Deere & Co. 1.84% 5,692 $2.9M Add +0.1%
AAPL Apple Inc. 1.65% 12,655 $2.6M Reduce -18.4%
VTWO Vanguard Russell 2000 ETF 1.53% 27,647 $2.4M New
IEFA iShares Core MSCI Eafe ETF 1.50% 28,367 $2.4M Add +1.7%
IGSB iShares 1-5Y Inv Grade Corp. 1.45% 43,260 $2.3M Reduce -13.9%
AVGO Broadcom Inc. 1.29% 7,387 $2.0M Reduce -1.9%
PM Philip Morris International 1.26% 10,900 $2.0M No change
XOM Exxon Mobil Corp. 1.25% 18,280 $2.0M No change
WMT Walmart Inc. 1.17% 18,911 $1.8M Reduce -3.3%
ZTS Zoetis Inc. 1.15% 11,597 $1.8M Reduce -1.3%
ORCL Oracle Corp. 1.09% 7,849 $1.7M Add +17.4%
ISRG Intuitive Surgical Inc. 1.08% 3,138 $1.7M Reduce -1.4%
CAT Caterpillar Inc. 1.08% 4,369 $1.7M Add +8.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.96% 12,207 $1.5M Reduce -5.2%
MDLZ Mondelez International Inc. Class A 0.94% 22,003 $1.5M Reduce -0.9%
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.88% 52,012 $1.4M New
COST Costco Wholesale Corp. 0.87% 1,391 $1.4M Add +3.0%
CL Colgate-Palmolive Co. 0.86% 14,861 $1.4M No change
CRM Salesforce Inc. 0.81% 4,669 $1.3M Add +7.8%
ADBE Adobe Inc. 0.81% 3,277 $1.3M Add +1.3%
V Visa Inc. Class A 0.80% 3,563 $1.3M Add +0.7%
LNG Cheniere Energy Inc. 0.78% 5,057 $1.2M Add +0.3%
UNP Union Pacific Corp. 0.77% 5,271 $1.2M Add +3.6%
LLY Eli Lilly & Co. 0.75% 1,513 $1.2M Add +12.8%
BRK.B Berkshire Hathaway Inc. Class B 0.73% 2,377 $1.2M Add +93.4%
ANET Arista Networks Inc. 0.73% 11,166 $1.1M Reduce -3.9%
VXF Vanguard Extended Market ETF 0.71% 5,814 $1.1M No change
TMO Thermo Fisher Scientific Inc. 0.70% 2,701 $1.1M Add +6.8%
BLK BlackRock Inc. 0.69% 1,042 $1.1M Reduce -3.8%
CASY Casey's General Stores Inc. 0.66% 2,047 $1.0M Add +17.2%
ROK Rockwell Automation Inc. 0.64% 3,028 $1.0M Add +4.7%
JMBS Janus Henderson Mortg Backed 0.63% 21,908 $987K Add +11.8%
PFE Pfizer Inc. 0.59% 38,367 $930K No change
NFLX Netflix Inc. 0.58% 679 $909K Reduce -5.8%
GS Goldman Sachs Group Inc. 0.57% 1,262 $893K Reduce -3.9%
HD Home Depot Inc. 0.56% 2,398 $879K No change
META Meta Platforms Inc. Class A 0.56% 1,189 $878K Reduce -25.8%
NEE Nextera Energy Inc. 0.54% 12,275 $852K Reduce -1.3%
CTVA Corteva Inc. 0.54% 11,393 $849K Add +0.7%
AMT American Tower Corp. 0.53% 3,787 $837K Add +2.9%
CEG Constellation Energy 0.50% 2,426 $783K Reduce -4.9%
DHR Danaher Corp. 0.49% 3,935 $777K Add +4.6%
VOO Vanguard S&P 500 ETF 0.49% 1,345 $765K Add +144.6%
WM Waste Management Inc. 0.47% 3,201 $732K Add +0.3%
OTIS Otis Worldwide Corp. 0.46% 7,346 $727K No change
APD Air Products & Chemicals Inc. 0.45% 2,538 $716K Add +1.6%
RTX RTX Corp. 0.44% 4,746 $693K No change
AWK American Water Works Co. Inc. 0.43% 4,885 $680K Reduce -0.9%
MCD McDonald's Corp. 0.42% 2,275 $665K Add +4.8%
ROP Roper Technologies Inc. 0.42% 1,164 $660K Add +37.6%
CRWD CrowdStrike Holdings Inc. Class A 0.39% 1,218 $620K Reduce -18.6%
AMP Ameriprise Financial Inc. 0.39% 1,150 $614K No change
MCK McKesson Corp. 0.38% 814 $596K Reduce -4.2%
CVX Chevron Corp. 0.37% 4,045 $579K No change
MA Mastercard Inc. Class A 0.36% 1,014 $570K No change
HCA HCA Healthcare Inc. 0.36% 1,485 $569K New
CELH Celsius Holdings Inc. 0.35% 12,022 $558K New
AEP American Electric Power 0.34% 5,131 $532K Add +0.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.32% 10,726 $508K Add +9.3%
GOOG Alphabet Inc. Class C 0.29% 2,533 $449K Add +4.3%
IBIT iShares Bitcoin Trust ETF 0.28% 7,268 $445K No change
HON Honeywell International Inc. 0.28% 1,897 $442K No change
AVAV Aerovironment Inc. 0.24% 1,351 $385K New
NSC Norfolk Southern Corp. 0.24% 1,500 $384K No change
CSCO Cisco Systems Inc. 0.24% 5,467 $379K No change
ADI Analog Devices Inc. 0.22% 1,478 $352K Reduce -10.8%
CARR Carrier Global Corp. 0.22% 4,692 $343K No change
AZO AutoZone Inc. 0.21% 90 $334K No change
CMG Chipotle Mexican Grill Inc. 0.21% 5,763 $324K Reduce -17.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.20% 2,522 $311K No change
PANW Palo Alto Networks Inc. 0.20% 1,511 $309K Add +1.3%
TMUS T-Mobile US Inc. 0.19% 1,228 $293K No change
BKNG Booking Holdings Inc. 0.18% 50 $289K No change
TXN Texas Instruments Inc. 0.17% 1,316 $273K No change
ELV Elevance Health Inc. 0.15% 625 $243K No change
GOOGL Alphabet Inc. Class A 0.15% 1,312 $231K Reduce -33.6%
TSM Taiwan Semiconductor-SP ADR 0.14% 1,000 $226K New
PH Parker Hannifin Corp. 0.13% 300 $210K New
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.13% 2,200 $200K New

Portfolio Sells Q1 2025 → Q2 2025
IWM iShares Russell 2000 ETF Reduce -35.8% 2.18% −1.46
MINV Matthews Asia Innovators Act Sold out 0.00% −1.28
AAPL Apple Inc. Reduce -18.4% 1.65% −0.89
GLD SPDR Gold Shares Reduce -16.0% 2.45% −0.74
NXH Neighborhood Intelligence Inc. Sold out 0.00% −0.63
SPY SS SPDR S&P 500 ETF Trust-US Reduce -7.2% 3.90% −0.51
IGSB iShares 1-5Y Inv Grade Corp. Reduce -13.9% 1.45% −0.49
CRDO Credo Technology Group Holdi Sold out 0.00% −0.36
ZTS Zoetis Inc. Reduce -1.3% 1.15% −0.27
MDLZ Mondelez International Inc. Class A Reduce -0.9% 0.94% −0.17
UNH Unitedhealth Group Inc. Sold out 0.00% −0.16
META Meta Platforms Inc. Class A Reduce -25.8% 0.56% −0.12
NEE Nextera Energy Inc. Reduce -1.3% 0.54% −0.11
AWK American Water Works Co. Inc. Reduce -0.9% 0.43% −0.10
WMT Walmart Inc. Reduce -3.3% 1.17% −0.09
GOOGL Alphabet Inc. Class A Reduce -33.6% 0.15% −0.08
ISRG Intuitive Surgical Inc. Reduce -1.4% 1.08% −0.08
BLK BlackRock Inc. Reduce -3.8% 0.69% −0.06
CMG Chipotle Mexican Grill Inc. Reduce -17.2% 0.21% −0.05
MCK McKesson Corp. Reduce -4.2% 0.38% −0.04
ADI Analog Devices Inc. Reduce -10.8% 0.22% −0.02
CRWD CrowdStrike Holdings Inc. Class A Reduce -18.6% 0.39% +0.01
DIS The Walt Disney Co. Reduce -5.2% 0.96% +0.03
AXP American Express Co. Reduce -0.6% 1.91% +0.03
TSLA Tesla Inc. Reduce -4.2% 2.69% +0.04
GS Goldman Sachs Group Inc. Reduce -3.9% 0.57% +0.04
ANET Arista Networks Inc. Reduce -3.9% 0.73% +0.06
NFLX Netflix Inc. Reduce -5.8% 0.58% +0.08
CEG Constellation Energy Reduce -4.9% 0.50% +0.12
AVGO Broadcom Inc. Reduce -1.9% 1.29% +0.37
NVDA Nvidia Corp. Reduce -1.1% 11.02% +2.17

Portfolio Buys Q1 2025 → Q2 2025
VTWO Vanguard Russell 2000 ETF New 1.53% +1.53
SPTL SS SPDR PF LNG TRM TSY E-Usd New 0.88% +0.88
MSFT Microsoft Corp. Add +0.7% 4.30% +0.57
RSP Invesco S&P 500 Equal Weight Add +28.5% 3.96% +0.56
VWO Vanguard Ftse Emerging Marke Add +47.6% 1.98% +0.56
VXUS Vanguard Total Intl Stock Add +43.0% 2.04% +0.56
ORCL Oracle Corp. Add +17.4% 1.09% +0.40
HCA HCA Healthcare Inc. New 0.36% +0.36
CELH Celsius Holdings Inc. New 0.35% +0.35
VOO Vanguard S&P 500 ETF Add +144.6% 0.49% +0.28
BRK.B Berkshire Hathaway Inc. Class B Add +93.4% 0.73% +0.25
AVAV Aerovironment Inc. New 0.24% +0.24
TSM Taiwan Semiconductor-SP ADR New 0.14% +0.14
PH Parker Hannifin Corp. New 0.13% +0.13
BNY Bank of New York Mellon Corp. New 0.13% +0.13
CASY Casey's General Stores Inc. Add +17.2% 0.66% +0.11
CAT Caterpillar Inc. Add +8.1% 1.08% +0.10
ROK Rockwell Automation Inc. Add +4.7% 0.64% +0.09
JPM JPMorgan Chase & Co. Add +0.1% 3.86% +0.08
ROP Roper Technologies Inc. Add +37.6% 0.42% +0.05
AMZN Amazon.com Inc. Add +2.5% 2.33% +0.05
BAC Bank of America Corp. Add +9.3% 0.32% +0.02
CTVA Corteva Inc. Add +0.7% 0.54% +0.02
PANW Palo Alto Networks Inc. Add +1.3% 0.20% +0.01
GOOG Alphabet Inc. Class C Add +4.3% 0.29% +0.01
JMBS Janus Henderson Mortg Backed Add +11.8% 0.63% −0.02
CRM Salesforce Inc. Add +7.8% 0.81% −0.05
IEFA iShares Core MSCI Eafe ETF Add +1.7% 1.50% −0.05
AMT American Tower Corp. Add +2.9% 0.53% −0.06
COST Costco Wholesale Corp. Add +3.0% 0.87% −0.06
LLY Eli Lilly & Co. Add +12.8% 0.75% −0.07
DHR Danaher Corp. Add +4.6% 0.49% −0.07
AEP American Electric Power Add +0.1% 0.34% −0.07
LNG Cheniere Energy Inc. Add +0.3% 0.78% −0.08
MCD McDonald's Corp. Add +4.8% 0.42% −0.08
WM Waste Management Inc. Add +0.3% 0.47% −0.08
APD Air Products & Chemicals Inc. Add +1.6% 0.45% −0.09
ADBE Adobe Inc. Add +1.3% 0.81% −0.11
V Visa Inc. Class A Add +0.7% 0.80% −0.11
UNP Union Pacific Corp. Add +3.6% 0.77% −0.11
DE Deere & Co. Add +0.1% 1.84% −0.12
IWB iShares Russell 1000 ETF Add +1.6% 6.29% −0.19
TMO Thermo Fisher Scientific Inc. Add +6.8% 0.70% −0.23

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