Munro Partners
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed October 15, 2025), Munro Partners reported 65 stock positions worth $2.9 billion. Its top holding was Nvidia (NVDA) at 7.4% of the portfolio, followed by Constellation Energy (CEG, 6.3%) and Amazon.com (AMZN, 6.2%). Compared with Q3 2024, it opened 14 new positions, sold out of 11, added to 32 and reduced 19. The biggest buy was a new position in Cadence Design SYS (CDNS) and the biggest sale an exit from Taiwan Semiconductor-SP ADR (TSM).
- Most Recent 13F
- Q2 2026
- Location
- MELBOURNE, C3
- CIK
- 0001768744
- Portfolio Value
- $2.9B (Q4 2024)
- SEC Filing
- 0001768744-25-000010 ↗ filed Oct 15, 2025
Holdings Value
Holdings 65 stocks · $2.9B
| NVDA Nvidia Corp. | 7.38% | 1,582,247 | $212.5M | Reduce -11.6% |
| CEG Constellation Energy | 6.34% | 815,061 | $182.3M | Add +2.9% |
| AMZN Amazon.com Inc. | 6.25% | 819,582 | $179.8M | Reduce -22.2% |
| MSFT Microsoft Corp. | 5.39% | 367,683 | $155.0M | Reduce -17.8% |
| MA Mastercard Inc. Class A | 4.50% | 246,184 | $129.6M | Add +30.1% |
| CRH CRH PLC | 4.01% | 1,247,665 | $115.4M | Add +15.8% |
| GEV GE Vernova Inc. | 3.86% | 337,615 | $111.1M | Reduce -31.9% |
| NOW ServiceNow Inc. | 3.68% | 99,898 | $105.9M | Reduce -18.2% |
| AVGO Broadcom Inc. | 3.65% | 453,235 | $105.1M | Add +18.7% |
| NFLX Netflix Inc. | 3.07% | 99,270 | $88.5M | Add +26.3% |
| JCI Johnson Controls Internation | 2.97% | 1,084,560 | $85.6M | Add +103.5% |
| META Meta Platforms Inc. Class A | 2.96% | 145,335 | $85.1M | Reduce -7.3% |
| CDNS Cadence Design SYS Inc. | 2.95% | 282,620 | $84.9M | New |
| BSX Boston Scientific Corp. | 2.85% | 918,225 | $82.0M | Add +25.2% |
| CMG Chipotle Mexican Grill Inc. | 2.76% | 1,317,175 | $79.4M | Add +0.9% |
| MSI Motorola Solutions Inc. | 2.67% | 166,240 | $76.8M | Add +58.3% |
| CW Curtiss-Wright Corp. | 2.64% | 213,718 | $75.8M | Add +11.5% |
| FIX Comfort Systems USA Inc. | 2.55% | 173,365 | $73.5M | Reduce -1.0% |
| FWONK Liberty Media Corp. Class C | 2.53% | 786,328 | $72.9M | Reduce -20.4% |
| CLH Clean Harbors Inc. | 2.50% | 313,116 | $72.1M | Add +676.8% |
| SN Sharkninja Inc. | 2.41% | 712,309 | $69.4M | Reduce -4.3% |
| GOOGL Alphabet Inc. Class A | 2.25% | 342,417 | $64.8M | Reduce -13.3% |
| LLY Eli Lilly & Co. | 2.24% | 83,366 | $64.4M | Reduce -0.9% |
| DDOG Datadog Inc. Class A | 2.03% | 408,405 | $58.4M | New |
| WIX Wix.com Ltd. | 1.77% | 238,040 | $51.1M | Add +1004.6% |
| UBER Uber Technologies Inc. | 1.73% | 826,460 | $49.9M | Reduce -15.9% |
| AXON Axon Enterprise Inc. | 1.53% | 74,097 | $44.0M | Reduce -16.8% |
| TKO Tko Group Holdings Inc. | 1.49% | 301,376 | $42.8M | New |
| AMAT Applied Materials Inc. | 1.44% | 254,159 | $41.3M | Reduce -19.6% |
| RDNT Radnet Inc. | 1.08% | 444,960 | $31.1M | Add +92.3% |
| HWM Howmet Aerospace Inc. | 1.07% | 281,230 | $30.8M | New |
| ARES Ares Management Corp. Class A | 0.94% | 152,415 | $27.0M | New |
| MIR Mirion Technologies Inc. | 0.68% | 1,122,215 | $19.6M | New |
| PWR Quanta Services Inc. | 0.61% | 55,917 | $17.7M | Add +24.8% |
| LIN Linde PLC | 0.44% | 30,576 | $12.8M | Add +70.8% |
| GFL GFL Environmental Inc.-Sub VT | 0.40% | 257,230 | $11.5M | Add +77.8% |
| NEE Nextera Energy Inc. | 0.33% | 130,885 | $9.4M | Add +85.4% |
| ETN Eaton Corp. PLC | 0.25% | 21,695 | $7.2M | Reduce -7.0% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.22% | 113,490 | $6.2M | Add +6.8% |
| V Visa Inc. Class A | 0.15% | 14,050 | $4.4M | Reduce -93.9% |
| CCJ Cameco Corp. | 0.15% | 84,270 | $4.3M | New |
| IT Gartner Inc. | 0.13% | 7,515 | $3.6M | Add +13.8% |
| PCOR Procore Technologies Inc. | 0.12% | 47,930 | $3.6M | New |
| MELI MercadoLibre Inc. | 0.12% | 2,040 | $3.5M | Reduce -0.5% |
| VRT Vertiv Holdings Co. Class A | 0.12% | 30,460 | $3.5M | Reduce -85.3% |
| XYL Xylem Inc. | 0.10% | 25,620 | $3.0M | New |
| BIP Brookfield Infrastructure Pa | 0.08% | 71,745 | $2.3M | Add +129.7% |
| ALAB Astera Labs Inc. | 0.06% | 12,700 | $1.7M | Add +105.8% |
| IBKR Interactive Brokers Gro Class A | 0.06% | 9,200 | $1.6M | Add +154.5% |
| TRGP Targa Resources Corp. | 0.05% | 8,810 | $1.6M | Add +187.9% |
| GDDY GoDaddy Inc. Class A | 0.05% | 7,450 | $1.5M | Add +146.7% |
| TW Tradeweb Markets Inc. Class A | 0.05% | 10,805 | $1.4M | Add +75.4% |
| APP AppLovin Corp. Class A | 0.04% | 3,420 | $1.1M | Reduce -28.2% |
| RDDT Reddit Inc. Class A | 0.04% | 6,735 | $1.1M | Add +7.2% |
| ULS Ul Solutions Inc. Class A | 0.03% | 17,865 | $891K | Add +117.5% |
| HUT Hut 8 Corp. | 0.03% | 40,905 | $838K | Add +417.1% |
| ZS Zscaler Inc. | 0.03% | 4,405 | $795K | Add +142.7% |
| RYAN Ryan Specialty Holdings Inc. | 0.03% | 11,890 | $763K | New |
| ONTO Onto Innovation Inc. | 0.03% | 4,395 | $733K | Add +179.1% |
| NVMI Nova Ltd. | 0.02% | 3,065 | $604K | Add +13.3% |
| BWXT BWX Technologies Inc. | 0.02% | 4,895 | $545K | New |
| CART Maplebear Inc. | 0.02% | 12,990 | $538K | Add +98.2% |
| HEI Heico Corp. | 0.02% | 2,230 | $530K | New |
| MPWR Monolithic Power Systems Inc. | 0.02% | 735 | $435K | New |
| AVAV Aerovironment Inc. | 0.01% | 2,535 | $390K | New |
Options reported separately and not counted above: TMO calls ($82.1M), LULU calls ($37.9M), APP calls ($12.8M).
Portfolio Sells Q3 2024 → Q4 2024
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −4.17 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −2.63 |
| KLAC KLA Corp. | Sold out | 0.00% | −2.62 |
| V Visa Inc. Class A | Reduce -93.9% | 0.15% | −2.14 |
| MSFT Microsoft Corp. | Reduce -17.8% | 5.39% | −1.62 |
| UBER Uber Technologies Inc. | Reduce -15.9% | 1.73% | −0.96 |
| AMZN Amazon.com Inc. | Reduce -22.2% | 6.25% | −0.90 |
| AMAT Applied Materials Inc. | Reduce -19.6% | 1.44% | −0.89 |
| GEV GE Vernova Inc. | Reduce -31.9% | 3.86% | −0.75 |
| TLN Talen Energy Corp. | Sold out | 0.00% | −0.66 |
| VRT Vertiv Holdings Co. Class A | Reduce -85.3% | 0.12% | −0.63 |
| SN Sharkninja Inc. | Reduce -4.3% | 2.41% | −0.54 |
| NVDA Nvidia Corp. | Reduce -11.6% | 7.38% | −0.53 |
| LLY Eli Lilly & Co. | Reduce -0.9% | 2.24% | −0.48 |
| META Meta Platforms Inc. Class A | Reduce -7.3% | 2.96% | −0.31 |
| NOW ServiceNow Inc. | Reduce -18.2% | 3.68% | −0.30 |
| FWONK Liberty Media Corp. Class C | Reduce -20.4% | 2.53% | −0.25 |
| GOOGL Alphabet Inc. Class A | Reduce -13.3% | 2.25% | −0.13 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.13 |
| WM Waste Management Inc. | Sold out | 0.00% | −0.12 |
| VLTO Veralto Corp. | Sold out | 0.00% | −0.10 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −0.08 |
| ARM Arm Holdings PLC-ADR | Sold out | 0.00% | −0.05 |
| CAMT Camtek Ltd. | Sold out | 0.00% | −0.05 |
| MELI MercadoLibre Inc. | Reduce -0.5% | 0.12% | −0.03 |
| ETN Eaton Corp. PLC | Reduce -7.0% | 0.25% | −0.03 |
| ELF Elf Beauty Inc. | Sold out | 0.00% | −0.01 |
| APP AppLovin Corp. Class A | Reduce -28.2% | 0.04% | +0.02 |
| FIX Comfort Systems USA Inc. | Reduce -1.0% | 2.55% | +0.06 |
| AXON Axon Enterprise Inc. | Reduce -16.8% | 1.53% | +0.23 |
Portfolio Buys Q3 2024 → Q4 2024
| CDNS Cadence Design SYS Inc. | New | 2.95% | +2.95 |
| CLH Clean Harbors Inc. | Add +676.8% | 2.50% | +2.15 |
| DDOG Datadog Inc. Class A | New | 2.03% | +2.03 |
| WIX Wix.com Ltd. | Add +1004.6% | 1.77% | +1.64 |
| TKO Tko Group Holdings Inc. | New | 1.49% | +1.49 |
| JCI Johnson Controls Internation | Add +103.5% | 2.97% | +1.47 |
| AVGO Broadcom Inc. | Add +18.7% | 3.65% | +1.25 |
| MA Mastercard Inc. Class A | Add +30.1% | 4.50% | +1.10 |
| HWM Howmet Aerospace Inc. | New | 1.07% | +1.07 |
| NFLX Netflix Inc. | Add +26.3% | 3.07% | +1.04 |
| MSI Motorola Solutions Inc. | Add +58.3% | 2.67% | +0.95 |
| ARES Ares Management Corp. Class A | New | 0.94% | +0.94 |
| MIR Mirion Technologies Inc. | New | 0.68% | +0.68 |
| BSX Boston Scientific Corp. | Add +25.2% | 2.85% | +0.61 |
| RDNT Radnet Inc. | Add +92.3% | 1.08% | +0.49 |
| CRH CRH PLC | Add +15.8% | 4.01% | +0.37 |
| CW Curtiss-Wright Corp. | Add +11.5% | 2.64% | +0.34 |
| GFL GFL Environmental Inc.-Sub VT | Add +77.8% | 0.40% | +0.19 |
| CCJ Cameco Corp. | New | 0.15% | +0.15 |
| LIN Linde PLC | Add +70.8% | 0.44% | +0.13 |
| PWR Quanta Services Inc. | Add +24.8% | 0.61% | +0.13 |
| PCOR Procore Technologies Inc. | New | 0.12% | +0.12 |
| NEE Nextera Energy Inc. | Add +85.4% | 0.33% | +0.11 |
| XYL Xylem Inc. | New | 0.10% | +0.10 |
| ALAB Astera Labs Inc. | Add +105.8% | 0.06% | +0.05 |
| BIP Brookfield Infrastructure Pa | Add +129.7% | 0.08% | +0.04 |
| IBKR Interactive Brokers Gro Class A | Add +154.5% | 0.06% | +0.04 |
| TRGP Targa Resources Corp. | Add +187.9% | 0.05% | +0.04 |
| GDDY GoDaddy Inc. Class A | Add +146.7% | 0.05% | +0.03 |
| RYAN Ryan Specialty Holdings Inc. | New | 0.03% | +0.03 |
| HUT Hut 8 Corp. | Add +417.1% | 0.03% | +0.03 |
| RDDT Reddit Inc. Class A | Add +7.2% | 0.04% | +0.02 |
| ONON On Holding AG Class A | Add +6.8% | 0.22% | +0.02 |
| TW Tradeweb Markets Inc. Class A | Add +75.4% | 0.05% | +0.02 |
| CMG Chipotle Mexican Grill Inc. | Add +0.9% | 2.76% | +0.02 |
| BWXT BWX Technologies Inc. | New | 0.02% | +0.02 |
| HEI Heico Corp. | New | 0.02% | +0.02 |
| ZS Zscaler Inc. | Add +142.7% | 0.03% | +0.02 |
| ULS Ul Solutions Inc. Class A | Add +117.5% | 0.03% | +0.02 |
| MPWR Monolithic Power Systems Inc. | New | 0.02% | +0.02 |
| AVAV Aerovironment Inc. | New | 0.01% | +0.01 |
| ONTO Onto Innovation Inc. | Add +179.1% | 0.03% | +0.01 |
| CART Maplebear Inc. | Add +98.2% | 0.02% | +0.01 |
| IT Gartner Inc. | Add +13.8% | 0.13% | +0.00 |
| NVMI Nova Ltd. | Add +13.3% | 0.02% | +0.00 |
| CEG Constellation Energy | Add +2.9% | 6.34% | −1.17 |
Options Activity Q3 2024 → Q4 2024
| TMO Thermo Fisher Scientific Inc. | call | New | 157,900 | $82.1M |
| LULU Lululemon Athletica Inc. | call | New | 99,200 | $37.9M |
| APP AppLovin Corp. Class A | call | New | 39,500 | $12.8M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 59 | $4.4B | NVDA, GEV, GOOGL, AMZN, AMAT |
| Q1 2026 | 59 | $3.0B | NVDA, GEV, AMZN, NEE, AVGO |
| Q4 2025 | 58 | $3.6B | NVDA, GEV, AMZN, MSFT, GOOGL |
| Q3 2025 | 63 | $3.7B | NVDA, AMZN, MSFT, FWONK, CEG |
| Q2 2025Amended | 66 | $3.2B | NVDA, MSFT, AMZN, META, CEG |
| Q1 2025 | 60 | $2.1B | AMZN, NVDA, MSFT, MA, META |
| Q4 2024 | 65 | $2.9B | NVDA, CEG, AMZN, MSFT, MA |
| Q3 2024 | 62 | $2.7B | NVDA, CEG, AMZN, MSFT, GEV |
| Q2 2024 | 57 | $2.7B | NVDA, AMZN, MSFT, CEG, TSM |
| Q1 2024 | 57 | $2.8B | NVDA, MSFT, AMZN, CEG, META |