Firetrail Investments PTY Ltd.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 5, 2025), Firetrail Investments PTY Ltd. reported 26 stock positions worth $383.1 million. Its top holding was Nvidia (NVDA) at 8.0% of the portfolio, followed by Apple (AAPL, 7.8%) and Taiwan Semiconductor-SP ADR (TSM, 6.4%). Compared with Q1 2025, it opened 3 new positions, sold out of 2, added to 2 and reduced 21. The biggest buy was a new position in Mastercard Class A (MA) and the biggest sale an exit from Visa Class A (V).
- Most Recent 13F
- Q2 2026
- Location
- BRISBANE, QLD, C3
- CIK
- 0001943822
- Portfolio Value
- $383.1M (Q2 2025)
- SEC Filing
- 0001943822-25-000005 ↗ filed Aug 5, 2025
Holdings Value
Holdings 26 stocks · $383.1M
| NVDA Nvidia Corp. | 8.04% | 195,649 | $30.8M | Reduce -0.8% |
| AAPL Apple Inc. | 7.80% | 146,200 | $29.9M | Reduce -1.7% |
| TSM Taiwan Semiconductor-SP ADR | 6.38% | 108,263 | $24.4M | Reduce -1.8% |
| IBKR Interactive Brokers Gro Class A | 6.07% | 421,471 | $23.3M | Reduce -1.8% |
| MA Mastercard Inc. Class A | 4.93% | 33,759 | $18.9M | New |
| MCK McKesson Corp. | 4.83% | 25,371 | $18.5M | Reduce -2.0% |
| BKNG Booking Holdings Inc. | 4.78% | 3,174 | $18.3M | Reduce -2.0% |
| DE Deere & Co. | 4.73% | 35,775 | $18.1M | Reduce -2.0% |
| AZO AutoZone Inc. | 3.90% | 4,037 | $14.9M | Reduce -2.2% |
| ECL Ecolab Inc. | 3.82% | 54,474 | $14.6M | Reduce -2.3% |
| TT Trane Technologies PLC | 3.73% | 32,795 | $14.3M | Reduce -2.3% |
| AMD Advanced Micro Devices | 3.67% | 99,454 | $14.1M | Add +22.0% |
| AMT American Tower Corp. | 3.64% | 63,375 | $14.0M | Reduce -2.3% |
| MTN Vail Resorts Inc. | 3.62% | 88,548 | $13.9M | New |
| APTV Aptiv PLC | 3.19% | 180,017 | $12.2M | Reduce -2.5% |
| DAR Darling Ingredients Inc. | 3.12% | 316,462 | $12.0M | Reduce -8.3% |
| NOW ServiceNow Inc. | 3.03% | 11,334 | $11.6M | Reduce -2.7% |
| GXO Gxo Logistics Inc. | 2.87% | 226,261 | $11.0M | Reduce -0.8% |
| TENB Tenable Holdings Inc. | 2.69% | 306,729 | $10.3M | Reduce -2.7% |
| ELV Elevance Health Inc. | 2.69% | 26,560 | $10.3M | Reduce -2.7% |
| FERG Ferguson Enterprises Inc. | 2.59% | 45,793 | $9.9M | Reduce -3.5% |
| ALC Alcon Inc. filed as ALCON AG | 2.53% | 110,167 | $9.7M | Reduce -0.7% |
| RYAN Ryan Specialty Holdings Inc. | 2.43% | 137,533 | $9.3M | Reduce -2.7% |
| ICLR Icon PLC | 2.02% | 53,453 | $7.7M | Add +59.1% |
| FICO Fair Isaac Corp. | 1.51% | 3,181 | $5.8M | New |
| RYN Rayonier Inc. | 1.38% | 239,578 | $5.3M | Reduce -42.6% |
Portfolio Sells Q1 2025 → Q2 2025
| V Visa Inc. Class A | Sold out | 0.00% | −6.42 |
| RYN Rayonier Inc. | Reduce -42.6% | 1.38% | −2.04 |
| AAPL Apple Inc. | Reduce -1.7% | 7.80% | −1.93 |
| BLDR Builders Firstsource Inc. | Sold out | 0.00% | −1.59 |
| ELV Elevance Health Inc. | Reduce -2.7% | 2.69% | −0.81 |
| AZO AutoZone Inc. | Reduce -2.2% | 3.90% | −0.73 |
| RYAN Ryan Specialty Holdings Inc. | Reduce -2.7% | 2.43% | −0.64 |
| TENB Tenable Holdings Inc. | Reduce -2.7% | 2.69% | −0.55 |
| ALC Alcon Inc. | Reduce -0.7% | 2.53% | −0.55 |
| AMT American Tower Corp. | Reduce -2.3% | 3.64% | −0.51 |
| ECL Ecolab Inc. | Reduce -2.3% | 3.82% | −0.34 |
| DE Deere & Co. | Reduce -2.0% | 4.73% | −0.31 |
| MCK McKesson Corp. | Reduce -2.0% | 4.83% | −0.29 |
| DAR Darling Ingredients Inc. | Reduce -8.3% | 3.12% | −0.05 |
| APTV Aptiv PLC | Reduce -2.5% | 3.19% | −0.04 |
| GXO Gxo Logistics Inc. | Reduce -0.8% | 2.87% | +0.24 |
| NOW ServiceNow Inc. | Reduce -2.7% | 3.03% | +0.30 |
| FERG Ferguson Enterprises Inc. | Reduce -3.5% | 2.59% | +0.35 |
| BKNG Booking Holdings Inc. | Reduce -2.0% | 4.78% | +0.39 |
| TT Trane Technologies PLC | Reduce -2.3% | 3.73% | +0.40 |
| IBKR Interactive Brokers Gro Class A | Reduce -1.8% | 6.07% | +0.84 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -1.8% | 6.38% | +0.99 |
| NVDA Nvidia Corp. | Reduce -0.8% | 8.04% | +1.74 |
Portfolio Buys Q1 2025 → Q2 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 32 | $354.7M | AAPL, AMD, TSM, AMZN, LAR |
| Q1 2026 | 28 | $293.1M | AAPL, TSM, AMZN, AMD, NVDA |
| Q4 2025 | 29 | $305.1M | AAPL, TSM, MA, AMD, NVDA |
| Q3 2025 | 28 | $399.3M | NVDA, AAPL, TSM, MA, MCK |
| Q2 2025 | 26 | $383.1M | NVDA, AAPL, TSM, IBKR, MA |
| Q1 2025 | 25 | $343.4M | AAPL, V, NVDA, TSM, IBKR |
| Q4 2024 | 23 | $333.9M | AAPL, NVDA, IBKR, TSM, V |
| Q3 2024 | 27 | $347.2M | AAPL, NVDA, IBKR, TSM, V |
| Q2 2024 | 27 | $329.7M | MSFT, IBKR, GOOGL, MCK, TSM |
| Q1 2024 | 19 | $121.6M | MSFT, MU, IBKR, MCK, V |