Fire Capital Management LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 3, 2026), Fire Capital Management LLC reported 117 stock positions worth $200.5 million. Its top holding was Nvidia (NVDA) at 9.3% of the portfolio, followed by iShares Russell 1000 ETF (IWB, 5.8%) and Microsoft (MSFT, 3.7%). Compared with Q3 2025, it opened 20 new positions, sold out of 2, added to 50 and reduced 18. The biggest buy was a new position in Vanguard Short-Term Treasury (VGSH) and the biggest sale Adobe (ADBE, shares −67%).

Most Recent 13F
Q2 2026
Location
San Francisco, CA
CIK
0002059571
Portfolio Value
$200.5M (Q4 2025)
SEC Filing
0001172661-26-000439 ↗ filed Feb 3, 2026

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 Q3 2025 Q4 2025: $200.5M $200.5M Q4 2025 Q1 2026: $213.5M Q1 2026 Q2 2026: $245.7M Q2 2026

Holdings 117 stocks · $200.5M
NVDA Nvidia Corp. 9.26% 99,518 $18.6M Add +2.3%
IWB iShares Russell 1000 ETF 5.80% 31,131 $11.6M Add +2.8%
MSFT Microsoft Corp. 3.67% 15,229 $7.4M Add +10.8%
RSP Invesco S&P 500 Equal Weight 3.59% 37,608 $7.2M Add +3.1%
AAPL Apple Inc. 3.47% 25,592 $7.0M Add +8.6%
JPM JPMorgan Chase & Co. 3.38% 21,051 $6.8M Add +4.3%
VOO Vanguard S&P 500 ETF 3.26% 10,427 $6.5M Add +83.6%
TSLA Tesla Inc. 3.03% 13,506 $6.1M Add +1.0%
VXUS Vanguard Total Intl Stock 2.80% 74,451 $5.6M Add +40.0%
GLD SPDR Gold Shares 2.58% 13,078 $5.2M Add +0.8%
AMZN Amazon.com Inc. 2.35% 20,394 $4.7M Add +19.5%
BEN Franklin Templeton Inc. 2.05% 172,333 $4.1M No change
IWM iShares Russell 2000 ETF 1.87% 15,239 $3.8M Reduce -0.3%
SPY SS SPDR S&P 500 ETF Trust-US 1.76% 5,170 $3.5M Reduce -6.6%
VWO Vanguard Ftse Emerging Marke 1.73% 64,629 $3.5M Reduce -0.5%
VGSH Vanguard Short-Term Treasury 1.71% 58,549 $3.4M New
VTWO Vanguard Russell 2000 ETF 1.61% 32,526 $3.2M Add +7.0%
AXP American Express Co. 1.60% 8,677 $3.2M Reduce -8.5%
IGSB iShares 1-5Y Inv Grade Corp. 1.57% 59,377 $3.1M Add +10.9%
IEFA iShares Core MSCI Eafe ETF 1.48% 33,069 $3.0M Add +7.3%
DE Deere & Co. 1.44% 6,183 $2.9M Add +7.1%
AVGO Broadcom Inc. 1.22% 7,069 $2.4M Reduce -3.4%
CAT Caterpillar Inc. 1.22% 4,264 $2.4M Reduce -3.5%
ISRG Intuitive Surgical Inc. 1.12% 3,949 $2.2M Add +23.3%
XOM Exxon Mobil Corp. 1.10% 18,280 $2.2M No change
WMT Walmart Inc. 1.07% 19,273 $2.1M Add +0.3%
TMO Thermo Fisher Scientific Inc. 1.02% 3,540 $2.1M Add +25.4%
ANET Arista Networks Inc. 0.98% 15,069 $2.0M Add +36.8%
JMBS Janus Henderson Mortg Backed 0.95% 41,507 $1.9M Add +57.8%
PM Philip Morris International 0.87% 10,900 $1.7M No change
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.87% 65,698 $1.7M Add +17.4%
ORCL Oracle Corp. 0.82% 8,450 $1.6M Add +6.9%
LLY Eli Lilly & Co. 0.81% 1,515 $1.6M Reduce -6.9%
UNP Union Pacific Corp. 0.77% 6,681 $1.5M Add +21.0%
COST Costco Wholesale Corp. 0.75% 1,738 $1.5M Add +21.2%
BRK.B Berkshire Hathaway Inc. Class B 0.74% 2,947 $1.5M Add +20.4%
FLMI Franklin Dynamic Municipal B 0.73% 59,073 $1.5M New
CRM Salesforce Inc. 0.69% 5,249 $1.4M Add +6.8%
ZTS Zoetis Inc. 0.68% 10,892 $1.4M Reduce -7.5%
IGIB iShares 5-10Y Inv Grade Corp. 0.67% 25,061 $1.4M New
V Visa Inc. Class A 0.65% 3,711 $1.3M Add +2.4%
META Meta Platforms Inc. Class A 0.63% 1,906 $1.3M Add +92.7%
VXF Vanguard Extended Market ETF 0.61% 5,814 $1.2M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.61% 10,671 $1.2M Reduce -12.7%
CASY Casey's General Stores Inc. 0.60% 2,183 $1.2M Add +3.7%
CL Colgate-Palmolive Co. 0.59% 14,861 $1.2M No change
BLK BlackRock Inc. 0.58% 1,088 $1.2M Add +2.7%
ROK Rockwell Automation Inc. 0.58% 2,984 $1.2M Reduce -6.0%
MDLZ Mondelez International Inc. Class A 0.58% 21,547 $1.2M Reduce -4.3%
LNG Cheniere Energy Inc. 0.57% 5,858 $1.1M Add +12.8%
GOOGL Alphabet Inc. Class A 0.56% 3,582 $1.1M Add +173.0%
GS Goldman Sachs Group Inc. 0.55% 1,247 $1.1M Reduce -2.9%
NEE Nextera Energy Inc. 0.50% 12,600 $1.0M Add +1.4%
NFLX Netflix Inc. 0.50% 10,770 $1.0M Add +58.6%
MA Mastercard Inc. Class A 0.50% 1,751 $1000K Add +72.7%
DHR Danaher Corp. 0.49% 4,316 $988K Add +5.5%
PFE Pfizer Inc. 0.48% 38,367 $955K No change
RTX RTX Corp. 0.43% 4,746 $870K No change
CTVA Corteva Inc. 0.42% 12,561 $842K Add +7.8%
WM Waste Management Inc. 0.42% 3,828 $841K Add +15.8%
CELH Celsius Holdings Inc. 0.40% 17,633 $807K Add +44.9%
NXH Neighborhood Intelligence Inc. filed as BED BATH & BEYOND INC 0.40% 147,209 $804K No change
CEG Constellation Energy 0.40% 2,266 $801K Reduce -8.1%
APD Air Products & Chemicals Inc. 0.37% 3,002 $742K Add +15.5%
MCD McDonald's Corp. 0.37% 2,415 $738K Add +1.9%
GOOG Alphabet Inc. Class C 0.36% 2,313 $726K Reduce -8.5%
AMT American Tower Corp. 0.36% 4,110 $722K Add +5.8%
AWK American Water Works Co. Inc. 0.36% 5,523 $721K Add +10.9%
AEP American Electric Power 0.34% 5,894 $680K Add +11.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.33% 2,265 $671K New
MCK McKesson Corp. 0.33% 814 $668K No change
HD Home Depot Inc. 0.32% 1,868 $643K No change
OTIS Otis Worldwide Corp. 0.32% 7,346 $642K No change
CVX Chevron Corp. 0.31% 4,037 $615K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.31% 11,140 $613K Reduce -0.6%
CRWD CrowdStrike Holdings Inc. Class A 0.30% 1,270 $595K Add +2.5%
AMP Ameriprise Financial Inc. 0.28% 1,150 $564K No change
MU Micron Technology Inc. 0.28% 1,947 $556K New
TMUS T-Mobile US Inc. 0.24% 2,337 $475K Add +90.3%
JNJ Johnson & Johnson 0.23% 2,266 $469K New
NSC Norfolk Southern Corp. 0.22% 1,500 $433K No change
CSCO Cisco Systems Inc. 0.21% 5,467 $421K No change
CMG Chipotle Mexican Grill Inc. 0.20% 10,975 $406K Add +90.4%
TXN Texas Instruments Inc. 0.20% 2,329 $404K Add +77.0%
ADI Analog Devices Inc. 0.20% 1,478 $401K No change
ADBE Adobe Inc. 0.20% 1,140 $399K Reduce -67.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.19% 2,522 $387K No change
HON Honeywell International Inc. 0.18% 1,897 $370K No change
IBIT iShares Bitcoin Trust ETF 0.18% 7,418 $368K Add +2.1%
SCHW Schwab (charles) Corp. 0.18% 3,600 $360K New
UNH Unitedhealth Group Inc. 0.17% 1,019 $336K New
AVAV Aerovironment Inc. 0.16% 1,351 $327K No change
WDAY Workday Inc. Class A 0.16% 1,519 $326K New
DAL Delta Air Lines Inc. 0.15% 4,420 $307K New
FDX FedEx Corp. 0.15% 1,059 $306K New
PANW Palo Alto Networks Inc. 0.15% 1,659 $306K Reduce -3.4%
AZO AutoZone Inc. 0.15% 90 $305K No change
TSM Taiwan Semiconductor-SP ADR 0.15% 1,000 $304K No change
TDG Transdigm Group Inc. 0.14% 217 $289K New
TER Teradyne Inc. 0.14% 1,482 $287K No change

Show all 117 holdings

Portfolio Sells Q3 2025 → Q4 2025
ADBE Adobe Inc. Reduce -67.0% 0.20% −0.50
SPY SS SPDR S&P 500 ETF Trust-US Reduce -6.6% 1.76% −0.36
ROP Roper Technologies Inc. Sold out 0.00% −0.35
ZTS Zoetis Inc. Reduce -7.5% 0.68% −0.31
VWO Vanguard Ftse Emerging Marke Reduce -0.5% 1.73% −0.29
IWM iShares Russell 2000 ETF Reduce -0.3% 1.87% −0.25
MDLZ Mondelez International Inc. Class A Reduce -4.3% 0.58% −0.23
AXP American Express Co. Reduce -8.5% 1.60% −0.21
DIS The Walt Disney Co. Reduce -12.7% 0.61% −0.20
AVGO Broadcom Inc. Reduce -3.4% 1.22% −0.17
ESGE iShares Inc. iShares ESG Awar Sold out 0.00% −0.12
CEG Constellation Energy Reduce -8.1% 0.40% −0.07
ROK Rockwell Automation Inc. Reduce -6.0% 0.58% −0.06
HCA HCA Healthcare Inc. Reduce -25.7% 0.13% −0.06
PANW Palo Alto Networks Inc. Reduce -3.4% 0.15% −0.05
GS Goldman Sachs Group Inc. Reduce -2.9% 0.55% −0.04
BAC Bank of America Corp. Reduce -0.6% 0.31% −0.03
CAT Caterpillar Inc. Reduce -3.5% 1.22% +0.01
GOOG Alphabet Inc. Class C Reduce -8.5% 0.36% +0.01
LLY Eli Lilly & Co. Reduce -6.9% 0.81% +0.10

Portfolio Buys Q3 2025 → Q4 2025
VGSH Vanguard Short-Term Treasury New 1.71% +1.71
VOO Vanguard S&P 500 ETF Add +83.6% 3.26% +1.26
FLMI Franklin Dynamic Municipal B New 0.73% +0.73
IGIB iShares 5-10Y Inv Grade Corp. New 0.67% +0.67
VXUS Vanguard Total Intl Stock Add +40.0% 2.80% +0.56
GOOGL Alphabet Inc. Class A Add +173.0% 0.56% +0.38
IBM Intl Business Machines Corp. New 0.33% +0.33
ISRG Intuitive Surgical Inc. Add +23.3% 1.12% +0.29
MU Micron Technology Inc. New 0.28% +0.28
JMBS Janus Henderson Mortg Backed Add +57.8% 0.95% +0.26
TMO Thermo Fisher Scientific Inc. Add +25.4% 1.02% +0.24
JNJ Johnson & Johnson New 0.23% +0.23
META Meta Platforms Inc. Class A Add +92.7% 0.63% +0.21
AMZN Amazon.com Inc. Add +19.5% 2.35% +0.20
SCHW Schwab (charles) Corp. New 0.18% +0.18
UNH Unitedhealth Group Inc. New 0.17% +0.17
MA Mastercard Inc. Class A Add +72.7% 0.50% +0.17
WDAY Workday Inc. Class A New 0.16% +0.16
DAL Delta Air Lines Inc. New 0.15% +0.15
FDX FedEx Corp. New 0.15% +0.15
TDG Transdigm Group Inc. New 0.14% +0.14
YUM Yum! Brands Inc. New 0.14% +0.14
VGT Vanguard Info Tech ETF New 0.14% +0.14
CP Canadian Pacific Kansas City New 0.13% +0.13
MCO Moody's Corp. New 0.12% +0.12
ESGU iShares ESG Aware MSCI USA New 0.11% +0.11
SBUX Starbucks Corp. New 0.11% +0.11
BDX Becton Dickinson and Co. New 0.11% +0.11
ROST Ross Stores Inc. New 0.10% +0.10
CMG Chipotle Mexican Grill Inc. Add +90.4% 0.20% +0.07
TMUS T-Mobile US Inc. Add +90.3% 0.24% +0.07
ANET Arista Networks Inc. Add +36.8% 0.98% +0.06
TXN Texas Instruments Inc. Add +77.0% 0.20% +0.06
NFLX Netflix Inc. Add +58.6% 0.50% +0.04
BRK.B Berkshire Hathaway Inc. Class B Add +20.4% 0.74% +0.03
DHR Danaher Corp. Add +5.5% 0.49% +0.03
CRM Salesforce Inc. Add +6.8% 0.69% +0.02
AAPL Apple Inc. Add +8.6% 3.47% +0.02
UNP Union Pacific Corp. Add +21.0% 0.77% +0.02
SPTL SS SPDR PF LNG TRM TSY E-Usd Add +17.4% 0.87% +0.00
MS Morgan Stanley Add +3.8% 0.12% +0.00
CELH Celsius Holdings Inc. Add +44.9% 0.40% +0.00
WM Waste Management Inc. Add +15.8% 0.42% +0.00
AEP American Electric Power Add +11.7% 0.34% −0.00
COST Costco Wholesale Corp. Add +21.2% 0.75% −0.01
CTVA Corteva Inc. Add +7.8% 0.42% −0.03
NEE Nextera Energy Inc. Add +1.4% 0.50% −0.03
APD Air Products & Chemicals Inc. Add +15.5% 0.37% −0.04
AWK American Water Works Co. Inc. Add +10.9% 0.36% −0.04
MCD McDonald's Corp. Add +1.9% 0.37% −0.05

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