Firetrail Investments PTY Ltd.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 4, 2026), Firetrail Investments PTY Ltd. reported 29 stock positions worth $305.1 million. Its top holding was Apple (AAPL) at 9.1% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 7.4%) and Mastercard Class A (MA, 5.2%). Compared with Q3 2025, it opened 3 new positions, sold out of 2, added to 3 and reduced 23. The biggest buy was a new position in Amazon.com (AMZN) and the biggest sale Nvidia (NVDA, shares −58%).
- Most Recent 13F
- Q2 2026
- Location
- BRISBANE, QLD, C3
- CIK
- 0001943822
- Portfolio Value
- $305.1M (Q4 2025)
- SEC Filing
- 0001943822-26-000001 ↗ filed Feb 4, 2026
Holdings Value
Holdings 29 stocks · $305.1M
| AAPL Apple Inc. | 9.13% | 101,954 | $27.9M | Reduce -26.8% |
| TSM Taiwan Semiconductor-SP ADR | 7.36% | 73,536 | $22.5M | Reduce -26.8% |
| MA Mastercard Inc. Class A | 5.20% | 27,672 | $15.9M | Reduce -17.3% |
| AMD Advanced Micro Devices | 5.13% | 72,700 | $15.6M | Reduce -26.4% |
| NVDA Nvidia Corp. | 4.95% | 80,584 | $15.1M | Reduce -58.1% |
| MCK McKesson Corp. | 4.86% | 17,996 | $14.8M | Reduce -26.6% |
| DE Deere & Co. | 4.46% | 29,085 | $13.6M | Reduce -18.4% |
| BKNG Booking Holdings Inc. | 3.90% | 2,214 | $11.9M | Reduce -27.1% |
| ECL Ecolab Inc. | 3.77% | 43,627 | $11.5M | Reduce -19.6% |
| AMZN Amazon.com Inc. | 3.57% | 46,954 | $10.9M | New |
| ELV Elevance Health Inc. | 3.55% | 30,755 | $10.8M | Add +16.2% |
| MCO Moody's Corp. | 3.32% | 19,732 | $10.1M | Add +2.7% |
| ICLR Icon PLC | 3.30% | 54,976 | $10.1M | Add +3.2% |
| APTV Aptiv PLC | 3.29% | 131,234 | $10.0M | Reduce -26.8% |
| AZO AutoZone Inc. | 3.17% | 2,834 | $9.7M | Reduce -26.8% |
| GXO Gxo Logistics Inc. | 2.88% | 166,041 | $8.8M | Reduce -26.4% |
| MTN Vail Resorts Inc. | 2.83% | 64,639 | $8.6M | Reduce -26.4% |
| FICO Fair Isaac Corp. | 2.82% | 5,063 | $8.6M | Reduce -39.6% |
| DAR Darling Ingredients Inc. | 2.72% | 229,733 | $8.3M | Reduce -27.1% |
| TT Trane Technologies PLC | 2.51% | 19,584 | $7.7M | Reduce -40.1% |
| WY Weyerhaeuser Co. | 2.48% | 317,891 | $7.6M | New |
| KEYS Keysight Technologies Inc. | 2.46% | 36,826 | $7.5M | Reduce -15.7% |
| ALC Alcon Inc. filed as ALCON AG | 2.12% | 80,612 | $6.5M | Reduce -26.6% |
| NOW ServiceNow Inc. | 2.09% | 41,455 | $6.4M | Reduce -26.6% |
| IBKR Interactive Brokers Gro Class A | 2.08% | 98,226 | $6.3M | Reduce -60.7% |
| JPM JPMorgan Chase & Co. | 1.83% | 17,262 | $5.6M | Reduce -27.4% |
| TENB Tenable Holdings Inc. | 1.73% | 222,946 | $5.3M | Reduce -27.1% |
| WFC Wells Fargo & Co. | 1.30% | 42,413 | $4.0M | Reduce -26.6% |
| CDNS Cadence Design SYS Inc. | 1.19% | 11,525 | $3.6M | New |
Portfolio Sells Q3 2025 → Q4 2025
| NVDA Nvidia Corp. | Reduce -58.1% | 4.95% | −3.96 |
| FERG Ferguson Enterprises Inc. | Sold out | 0.00% | −2.53 |
| IBKR Interactive Brokers Gro Class A | Reduce -60.7% | 2.08% | −2.19 |
| RYN Rayonier Inc. | Sold out | 0.00% | −1.57 |
| AZO AutoZone Inc. | Reduce -26.8% | 3.17% | −0.96 |
| TT Trane Technologies PLC | Reduce -40.1% | 2.51% | −0.92 |
| APTV Aptiv PLC | Reduce -26.8% | 3.29% | −0.56 |
| NOW ServiceNow Inc. | Reduce -26.6% | 2.09% | −0.49 |
| TENB Tenable Holdings Inc. | Reduce -27.1% | 1.73% | −0.49 |
| MTN Vail Resorts Inc. | Reduce -26.4% | 2.83% | −0.44 |
| FICO Fair Isaac Corp. | Reduce -39.6% | 2.82% | −0.30 |
| BKNG Booking Holdings Inc. | Reduce -27.1% | 3.90% | −0.17 |
| GXO Gxo Logistics Inc. | Reduce -26.4% | 2.88% | −0.09 |
| JPM JPMorgan Chase & Co. | Reduce -27.4% | 1.83% | −0.03 |
| ECL Ecolab Inc. | Reduce -19.6% | 3.77% | +0.08 |
| ALC Alcon Inc. | Reduce -26.6% | 2.12% | +0.09 |
| WFC Wells Fargo & Co. | Reduce -26.6% | 1.30% | +0.10 |
| MCK McKesson Corp. | Reduce -26.6% | 4.86% | +0.15 |
| DAR Darling Ingredients Inc. | Reduce -27.1% | 2.72% | +0.30 |
| AAPL Apple Inc. | Reduce -26.8% | 9.13% | +0.31 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -26.8% | 7.36% | +0.38 |
| DE Deere & Co. | Reduce -18.4% | 4.46% | +0.41 |
| MA Mastercard Inc. Class A | Reduce -17.3% | 5.20% | +0.47 |
| KEYS Keysight Technologies Inc. | Reduce -15.7% | 2.46% | +0.56 |
| AMD Advanced Micro Devices | Reduce -26.4% | 5.13% | +1.16 |
Portfolio Buys Q3 2025 → Q4 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 |