Firetrail Investments PTY Ltd.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), Firetrail Investments PTY Ltd. reported 28 stock positions worth $399.3 million. Its top holding was Nvidia (NVDA) at 8.9% of the portfolio, followed by Apple (AAPL, 8.8%) and Taiwan Semiconductor-SP ADR (TSM, 7.0%). Compared with Q2 2025, it opened 4 new positions, sold out of 2, added to 1 and reduced 23. The biggest buy was a new position in Moody's (MCO) and the biggest sale an exit from American Tower (AMT).
- Most Recent 13F
- Q2 2026
- Location
- BRISBANE, QLD, C3
- CIK
- 0001943822
- Portfolio Value
- $399.3M (Q3 2025)
- SEC Filing
- 0001943822-25-000008 ↗ filed Nov 5, 2025
Holdings Value
Holdings 28 stocks · $399.3M
| NVDA Nvidia Corp. | 8.91% | 192,183 | $35.6M | Reduce -1.8% |
| AAPL Apple Inc. | 8.82% | 139,315 | $35.2M | Reduce -4.7% |
| TSM Taiwan Semiconductor-SP ADR | 6.98% | 100,494 | $27.9M | Reduce -7.2% |
| MA Mastercard Inc. Class A | 4.73% | 33,478 | $18.9M | Reduce -0.8% |
| MCK McKesson Corp. | 4.71% | 24,520 | $18.8M | Reduce -3.4% |
| IBKR Interactive Brokers Gro Class A | 4.27% | 249,740 | $17.1M | Reduce -40.8% |
| AZO AutoZone Inc. | 4.13% | 3,873 | $16.5M | Reduce -4.1% |
| BKNG Booking Holdings Inc. | 4.08% | 3,037 | $16.3M | Reduce -4.3% |
| DE Deere & Co. | 4.05% | 35,647 | $16.2M | Reduce -0.4% |
| AMD Advanced Micro Devices | 3.97% | 98,751 | $15.9M | Reduce -0.7% |
| APTV Aptiv PLC | 3.84% | 179,377 | $15.3M | Reduce -0.4% |
| ECL Ecolab Inc. | 3.69% | 54,279 | $14.8M | Reduce -0.4% |
| TT Trane Technologies PLC | 3.43% | 32,677 | $13.7M | Reduce -0.4% |
| MTN Vail Resorts Inc. | 3.26% | 87,801 | $13.0M | Reduce -0.8% |
| FICO Fair Isaac Corp. | 3.12% | 8,386 | $12.5M | Add +163.6% |
| GXO Gxo Logistics Inc. | 2.96% | 225,473 | $11.8M | Reduce -0.3% |
| NOW ServiceNow Inc. | 2.58% | 11,294 | $10.3M | Reduce -0.3% |
| FERG Ferguson Enterprises Inc. | 2.53% | 45,352 | $10.1M | Reduce -1.0% |
| DAR Darling Ingredients Inc. | 2.42% | 315,325 | $9.7M | Reduce -0.4% |
| ICLR Icon PLC | 2.32% | 53,265 | $9.3M | Reduce -0.3% |
| MCO Moody's Corp. | 2.27% | 19,205 | $9.1M | New |
| TENB Tenable Holdings Inc. | 2.22% | 305,642 | $8.8M | Reduce -0.3% |
| ELV Elevance Health Inc. | 2.13% | 26,464 | $8.5M | Reduce -0.4% |
| ALC Alcon Inc. filed as ALCON AG | 2.03% | 109,778 | $8.1M | Reduce -0.3% |
| KEYS Keysight Technologies Inc. | 1.90% | 43,685 | $7.6M | New |
| JPM JPMorgan Chase & Co. | 1.86% | 23,768 | $7.4M | New |
| RYN Rayonier Inc. | 1.57% | 238,735 | $6.3M | Reduce -0.3% |
| WFC Wells Fargo & Co. | 1.20% | 57,795 | $4.8M | New |
Portfolio Sells Q2 2025 → Q3 2025
| AMT American Tower Corp. | Sold out | 0.00% | −3.64 |
| RYAN Ryan Specialty Holdings Inc. | Sold out | 0.00% | −2.43 |
| IBKR Interactive Brokers Gro Class A | Reduce -40.8% | 4.27% | −1.80 |
| BKNG Booking Holdings Inc. | Reduce -4.3% | 4.08% | −0.70 |
| DAR Darling Ingredients Inc. | Reduce -0.4% | 2.42% | −0.70 |
| DE Deere & Co. | Reduce -0.4% | 4.05% | −0.68 |
| ELV Elevance Health Inc. | Reduce -0.4% | 2.13% | −0.56 |
| ALC Alcon Inc. | Reduce -0.3% | 2.03% | −0.49 |
| TENB Tenable Holdings Inc. | Reduce -0.3% | 2.22% | −0.48 |
| NOW ServiceNow Inc. | Reduce -0.3% | 2.58% | −0.45 |
| MTN Vail Resorts Inc. | Reduce -0.8% | 3.26% | −0.35 |
| TT Trane Technologies PLC | Reduce -0.4% | 3.43% | −0.30 |
| MA Mastercard Inc. Class A | Reduce -0.8% | 4.73% | −0.20 |
| MCK McKesson Corp. | Reduce -3.4% | 4.71% | −0.13 |
| ECL Ecolab Inc. | Reduce -0.4% | 3.69% | −0.12 |
| FERG Ferguson Enterprises Inc. | Reduce -1.0% | 2.53% | −0.06 |
| GXO Gxo Logistics Inc. | Reduce -0.3% | 2.96% | +0.10 |
| RYN Rayonier Inc. | Reduce -0.3% | 1.57% | +0.19 |
| AZO AutoZone Inc. | Reduce -4.1% | 4.13% | +0.23 |
| ICLR Icon PLC | Reduce -0.3% | 2.32% | +0.29 |
| AMD Advanced Micro Devices | Reduce -0.7% | 3.97% | +0.30 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -7.2% | 6.98% | +0.60 |
| APTV Aptiv PLC | Reduce -0.4% | 3.84% | +0.65 |
| NVDA Nvidia Corp. | Reduce -1.8% | 8.91% | +0.87 |
| AAPL Apple Inc. | Reduce -4.7% | 8.82% | +1.02 |
Portfolio Buys Q2 2025 → Q3 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 |