Fire Capital Management LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 17, 2025), Fire Capital Management LLC reported 98 stock positions worth $174.2 million. Its top holding was Nvidia (NVDA) at 10.4% of the portfolio, followed by iShares Russell 1000 ETF (IWB, 6.4%) and Microsoft (MSFT, 4.1%). Compared with Q2 2025, it opened 5 new positions, added to 52 and reduced 11. The biggest buy was Apple (AAPL, shares +86%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −44%).

Most Recent 13F
Q2 2026
Location
San Francisco, CA
CIK
0002059571
Portfolio Value
$174.2M (Q3 2025)
SEC Filing
0001172661-25-004312 ↗ filed Oct 17, 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 Q2 2025 Q3 2025: $174.2M $174.2M Q3 2025 Q4 2025: $200.5M Q4 2025 Q1 2026: $213.5M Q1 2026 Q2 2026: $245.7M Q2 2026

Holdings 98 stocks · $174.2M
NVDA Nvidia Corp. 10.42% 97,239 $18.1M Reduce -11.5%
IWB iShares Russell 1000 ETF 6.36% 30,290 $11.1M Add +3.8%
MSFT Microsoft Corp. 4.09% 13,741 $7.1M Add +0.8%
RSP Invesco S&P 500 Equal Weight 3.97% 36,471 $6.9M Add +6.2%
JPM JPMorgan Chase & Co. 3.65% 20,177 $6.4M Reduce -3.8%
AAPL Apple Inc. 3.45% 23,568 $6.0M Add +86.2%
TSLA Tesla Inc. 3.42% 13,375 $5.9M Add +0.2%
GLD SPDR Gold Shares 2.65% 12,978 $4.6M Add +2.4%
BEN Franklin Templeton Inc. 2.29% 172,333 $4.0M No change
VXUS Vanguard Total Intl Stock 2.24% 53,168 $3.9M Add +14.1%
AMZN Amazon.com Inc. 2.15% 17,072 $3.7M Add +1.9%
IWM iShares Russell 2000 ETF 2.12% 15,284 $3.7M Reduce -4.1%
SPY SS SPDR S&P 500 ETF Trust-US 2.12% 5,533 $3.7M Reduce -44.4%
VWO Vanguard Ftse Emerging Marke 2.02% 64,979 $3.5M Add +3.2%
VOO Vanguard S&P 500 ETF 2.00% 5,678 $3.5M Add +322.2%
AXP American Express Co. 1.81% 9,482 $3.1M Add +0.6%
VTWO Vanguard Russell 2000 ETF 1.71% 30,392 $3.0M Add +9.9%
IGSB iShares 1-5Y Inv Grade Corp. 1.63% 53,518 $2.8M Add +23.7%
IEFA iShares Core MSCI Eafe ETF 1.55% 30,822 $2.7M Add +8.7%
DE Deere & Co. 1.52% 5,775 $2.6M Add +1.5%
AVGO Broadcom Inc. 1.39% 7,317 $2.4M Reduce -0.9%
ORCL Oracle Corp. 1.28% 7,905 $2.2M Add +0.7%
CAT Caterpillar Inc. 1.21% 4,419 $2.1M Add +1.1%
XOM Exxon Mobil Corp. 1.18% 18,280 $2.1M No change
WMT Walmart Inc. 1.14% 19,217 $2.0M Add +1.6%
PM Philip Morris International 1.02% 10,900 $1.8M No change
ZTS Zoetis Inc. 0.99% 11,774 $1.7M Add +1.5%
ANET Arista Networks Inc. 0.92% 11,018 $1.6M Reduce -1.3%
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.87% 55,985 $1.5M Add +7.6%
NXH Neighborhood Intelligence Inc. filed as BED BATH & BEYOND INC 0.83% 147,209 $1.4M New
ISRG Intuitive Surgical Inc. 0.82% 3,204 $1.4M Add +2.1%
MDLZ Mondelez International Inc. Class A 0.81% 22,519 $1.4M Add +2.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.80% 12,221 $1.4M Add +0.1%
TMO Thermo Fisher Scientific Inc. 0.79% 2,822 $1.4M Add +4.5%
COST Costco Wholesale Corp. 0.76% 1,434 $1.3M Add +3.1%
UNP Union Pacific Corp. 0.75% 5,521 $1.3M Add +4.7%
LLY Eli Lilly & Co. 0.71% 1,627 $1.2M Add +7.5%
V Visa Inc. Class A 0.71% 3,625 $1.2M Add +1.7%
BLK BlackRock Inc. 0.71% 1,059 $1.2M Add +1.6%
BRK.B Berkshire Hathaway Inc. Class B 0.71% 2,447 $1.2M Add +2.9%
LNG Cheniere Energy Inc. 0.70% 5,195 $1.2M Add +2.7%
ADBE Adobe Inc. 0.70% 3,452 $1.2M Add +5.3%
VXF Vanguard Extended Market ETF 0.70% 5,814 $1.2M No change
JMBS Janus Henderson Mortg Backed 0.69% 26,299 $1.2M Add +20.0%
CASY Casey's General Stores Inc. 0.68% 2,105 $1.2M Add +2.8%
CL Colgate-Palmolive Co. 0.68% 14,861 $1.2M No change
CRM Salesforce Inc. 0.67% 4,913 $1.2M Add +5.2%
ROK Rockwell Automation Inc. 0.64% 3,176 $1.1M Add +4.9%
GS Goldman Sachs Group Inc. 0.59% 1,284 $1.0M Add +1.7%
PFE Pfizer Inc. 0.56% 38,367 $978K No change
NEE Nextera Energy Inc. 0.54% 12,423 $938K Add +1.2%
NFLX Netflix Inc. 0.47% 679 $814K No change
CEG Constellation Energy 0.47% 2,466 $811K Add +1.6%
DHR Danaher Corp. 0.47% 4,089 $811K Add +3.9%
RTX RTX Corp. 0.46% 4,746 $794K No change
CTVA Corteva Inc. 0.45% 11,647 $788K Add +2.2%
HD Home Depot Inc. 0.43% 1,868 $757K Reduce -22.1%
AMT American Tower Corp. 0.43% 3,883 $747K Add +2.5%
WM Waste Management Inc. 0.42% 3,305 $730K Add +3.3%
META Meta Platforms Inc. Class A 0.42% 989 $726K Reduce -16.8%
MCD McDonald's Corp. 0.41% 2,371 $721K Add +4.2%
APD Air Products & Chemicals Inc. 0.41% 2,599 $709K Add +2.4%
CELH Celsius Holdings Inc. 0.40% 12,173 $700K Add +1.3%
AWK American Water Works Co. Inc. 0.40% 4,980 $693K Add +1.9%
OTIS Otis Worldwide Corp. 0.39% 7,346 $672K No change
MCK McKesson Corp. 0.36% 814 $629K No change
CVX Chevron Corp. 0.36% 4,037 $627K Reduce -0.2%
GOOG Alphabet Inc. Class C 0.35% 2,528 $616K Reduce -0.2%
ROP Roper Technologies Inc. 0.35% 1,222 $609K Add +5.0%
CRWD CrowdStrike Holdings Inc. Class A 0.35% 1,239 $608K Add +1.7%
AEP American Electric Power 0.34% 5,279 $594K Add +2.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.33% 11,207 $578K Add +4.5%
MA Mastercard Inc. Class A 0.33% 1,014 $577K No change
AMP Ameriprise Financial Inc. 0.32% 1,150 $565K No change
IBIT iShares Bitcoin Trust ETF 0.27% 7,268 $472K No change
NSC Norfolk Southern Corp. 0.26% 1,500 $451K No change
AVAV Aerovironment Inc. 0.24% 1,351 $425K No change
HON Honeywell International Inc. 0.23% 1,897 $399K No change
AZO AutoZone Inc. 0.22% 90 $386K No change
CSCO Cisco Systems Inc. 0.21% 5,467 $374K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.21% 2,522 $365K No change
ADI Analog Devices Inc. 0.21% 1,478 $363K No change
PANW Palo Alto Networks Inc. 0.20% 1,717 $350K Add +13.6%
HCA HCA Healthcare Inc. 0.19% 778 $332K Reduce -47.6%
GOOGL Alphabet Inc. Class A 0.18% 1,312 $319K No change
TMUS T-Mobile US Inc. 0.17% 1,228 $294K No change
CARR Carrier Global Corp. 0.16% 4,692 $280K No change
TSM Taiwan Semiconductor-SP ADR 0.16% 1,000 $279K No change
BKNG Booking Holdings Inc. 0.15% 50 $270K No change
TXN Texas Instruments Inc. 0.14% 1,316 $242K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.14% 2,200 $240K No change
PH Parker Hannifin Corp. 0.13% 300 $227K No change
CMG Chipotle Mexican Grill Inc. 0.13% 5,763 $226K No change
VLO Valero Energy Corp. 0.13% 1,300 $221K New
ESGE iShares Inc. iShares ESG Awar 0.12% 4,888 $212K New
MS Morgan Stanley 0.12% 1,324 $210K New
TER Teradyne Inc. 0.12% 1,482 $204K New
ELV Elevance Health Inc. 0.12% 625 $202K No change

Portfolio Sells Q2 2025 → Q3 2025
SPY SS SPDR S&P 500 ETF Trust-US Reduce -44.4% 2.12% −1.79
NVDA Nvidia Corp. Reduce -11.5% 10.42% −0.61
JPM JPMorgan Chase & Co. Reduce -3.8% 3.65% −0.21
HCA HCA Healthcare Inc. Reduce -47.6% 0.19% −0.17
META Meta Platforms Inc. Class A Reduce -16.8% 0.42% −0.14
HD Home Depot Inc. Reduce -22.1% 0.43% −0.12
IWM iShares Russell 2000 ETF Reduce -4.1% 2.12% −0.06
CVX Chevron Corp. Reduce -0.2% 0.36% −0.01
GOOG Alphabet Inc. Class C Reduce -0.2% 0.35% +0.07
AVGO Broadcom Inc. Reduce -0.9% 1.39% +0.09
ANET Arista Networks Inc. Reduce -1.3% 0.92% +0.20

Portfolio Buys Q2 2025 → Q3 2025
AAPL Apple Inc. Add +86.2% 3.45% +1.80
VOO Vanguard S&P 500 ETF Add +322.2% 2.00% +1.51
NXH Neighborhood Intelligence Inc. New 0.83% +0.83
TSLA Tesla Inc. Add +0.2% 3.42% +0.72
VXUS Vanguard Total Intl Stock Add +14.1% 2.24% +0.20
GLD SPDR Gold Shares Add +2.4% 2.65% +0.20
ORCL Oracle Corp. Add +0.7% 1.28% +0.19
IGSB iShares 1-5Y Inv Grade Corp. Add +23.7% 1.63% +0.18
VTWO Vanguard Russell 2000 ETF Add +9.9% 1.71% +0.18
CAT Caterpillar Inc. Add +1.1% 1.21% +0.13
VLO Valero Energy Corp. New 0.13% +0.13
ESGE iShares Inc. iShares ESG Awar New 0.12% +0.12
MS Morgan Stanley New 0.12% +0.12
TER Teradyne Inc. New 0.12% +0.12
TMO Thermo Fisher Scientific Inc. Add +4.5% 0.79% +0.09
JMBS Janus Henderson Mortg Backed Add +20.0% 0.69% +0.06
IWB iShares Russell 1000 ETF Add +3.8% 6.36% +0.06
CELH Celsius Holdings Inc. Add +1.3% 0.40% +0.05
VWO Vanguard Ftse Emerging Marke Add +3.2% 2.02% +0.04
IEFA iShares Core MSCI Eafe ETF Add +8.7% 1.55% +0.04
CASY Casey's General Stores Inc. Add +2.8% 0.68% +0.02
GS Goldman Sachs Group Inc. Add +1.7% 0.59% +0.02
BLK BlackRock Inc. Add +1.6% 0.71% +0.01
BAC Bank of America Corp. Add +4.5% 0.33% +0.01
RSP Invesco S&P 500 Equal Weight Add +6.2% 3.97% +0.01
PANW Palo Alto Networks Inc. Add +13.6% 0.20% +0.00
AEP American Electric Power Add +2.9% 0.34% +0.00
ROK Rockwell Automation Inc. Add +4.9% 0.64% −0.00
NEE Nextera Energy Inc. Add +1.2% 0.54% −0.00
MCD McDonald's Corp. Add +4.2% 0.41% −0.01
SPTL SS SPDR PF LNG TRM TSY E-Usd Add +7.6% 0.87% −0.01
UNP Union Pacific Corp. Add +4.7% 0.75% −0.02
BRK.B Berkshire Hathaway Inc. Class B Add +2.9% 0.71% −0.03
DHR Danaher Corp. Add +3.9% 0.47% −0.03
CEG Constellation Energy Add +1.6% 0.47% −0.03
AWK American Water Works Co. Inc. Add +1.9% 0.40% −0.03
LLY Eli Lilly & Co. Add +7.5% 0.71% −0.04
WMT Walmart Inc. Add +1.6% 1.14% −0.04
CRWD CrowdStrike Holdings Inc. Class A Add +1.7% 0.35% −0.05
WM Waste Management Inc. Add +3.3% 0.42% −0.05
APD Air Products & Chemicals Inc. Add +2.4% 0.41% −0.05
ROP Roper Technologies Inc. Add +5.0% 0.35% −0.07
LNG Cheniere Energy Inc. Add +2.7% 0.70% −0.08
CTVA Corteva Inc. Add +2.2% 0.45% −0.09
V Visa Inc. Class A Add +1.7% 0.71% −0.09
AXP American Express Co. Add +0.6% 1.81% −0.10
AMT American Tower Corp. Add +2.5% 0.43% −0.10
ADBE Adobe Inc. Add +5.3% 0.70% −0.11
COST Costco Wholesale Corp. Add +3.1% 0.76% −0.11
MDLZ Mondelez International Inc. Class A Add +2.4% 0.81% −0.13

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