Munro Partners
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed October 14, 2025), Munro Partners reported 60 stock positions worth $2.1 billion. Its top holding was Amazon.com (AMZN) at 7.5% of the portfolio, followed by Nvidia (NVDA, 7.1%) and Microsoft (MSFT, 6.0%). Compared with Q4 2024, it opened 9 new positions, sold out of 14, added to 29 and reduced 22. The biggest buy was Meta Platforms Class A (META, shares +16%) and the biggest sale Cadence Design SYS (CDNS, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- MELBOURNE, C3
- CIK
- 0001768744
- Portfolio Value
- $2.1B (Q1 2025)
- SEC Filing
- 0001768744-25-000009 ↗ filed Oct 14, 2025
Holdings Value
Holdings 60 stocks · $2.1B
| AMZN Amazon.com Inc. | 7.47% | 826,502 | $157.3M | Add +0.8% |
| NVDA Nvidia Corp. | 7.07% | 1,372,666 | $148.8M | Reduce -13.3% |
| MSFT Microsoft Corp. | 6.04% | 338,818 | $127.2M | Reduce -7.8% |
| MA Mastercard Inc. Class A | 5.28% | 202,759 | $111.1M | Reduce -17.6% |
| META Meta Platforms Inc. Class A | 4.63% | 169,090 | $97.5M | Add +16.3% |
| CRH CRH PLC | 4.53% | 1,083,065 | $95.3M | Reduce -13.2% |
| GEV GE Vernova Inc. | 4.28% | 295,151 | $90.1M | Reduce -12.6% |
| CEG Constellation Energy | 4.18% | 436,357 | $88.0M | Reduce -46.5% |
| NFLX Netflix Inc. | 3.81% | 86,005 | $80.2M | Reduce -13.4% |
| FWONK Liberty Media Corp. Class C | 3.77% | 880,978 | $79.3M | Add +12.0% |
| AVGO Broadcom Inc. | 3.75% | 471,820 | $79.0M | Add +4.1% |
| NOW ServiceNow Inc. | 3.71% | 98,193 | $78.2M | Reduce -1.7% |
| LLY Eli Lilly & Co. | 3.66% | 93,386 | $77.1M | Add +12.0% |
| JCI Johnson Controls Internation | 3.61% | 949,750 | $76.1M | Reduce -12.4% |
| GOOGL Alphabet Inc. Class A | 3.48% | 474,257 | $73.3M | Add +38.5% |
| TKO Tko Group Holdings Inc. | 2.99% | 411,461 | $62.9M | Add +36.5% |
| BSX Boston Scientific Corp. | 2.89% | 602,455 | $60.8M | Reduce -34.4% |
| UBER Uber Technologies Inc. | 2.67% | 770,950 | $56.2M | Reduce -6.7% |
| FIX Comfort Systems USA Inc. | 2.62% | 171,125 | $55.2M | Reduce -1.3% |
| MSI Motorola Solutions Inc. | 2.33% | 112,225 | $49.1M | Reduce -32.5% |
| CW Curtiss-Wright Corp. | 2.27% | 150,858 | $47.9M | Reduce -29.4% |
| AXON Axon Enterprise Inc. | 2.23% | 89,102 | $46.9M | Add +20.3% |
| HWM Howmet Aerospace Inc. | 1.62% | 262,425 | $34.0M | Reduce -6.7% |
| ONON On Holding AG Class A filed as ON HLDG AG | 1.46% | 700,295 | $30.8M | Add +517.0% |
| SPOT Spotify Technology SA | 0.95% | 36,170 | $19.9M | New |
| ISRG Intuitive Surgical Inc. | 0.89% | 37,750 | $18.7M | New |
| LIN Linde PLC | 0.77% | 34,708 | $16.2M | Add +13.5% |
| NEE Nextera Energy Inc. | 0.75% | 222,865 | $15.8M | Add +70.3% |
| PWR Quanta Services Inc. | 0.71% | 58,450 | $14.9M | Add +4.5% |
| TMO Thermo Fisher Scientific Inc. | 0.57% | 24,255 | $12.1M | New |
| GFL GFL Environmental Inc.-Sub VT | 0.56% | 245,922 | $11.9M | Reduce -4.4% |
| ETN Eaton Corp. PLC | 0.48% | 37,274 | $10.1M | Add +71.8% |
| CLH Clean Harbors Inc. | 0.36% | 38,802 | $7.6M | Reduce -87.6% |
| TT Trane Technologies PLC | 0.26% | 16,295 | $5.5M | New |
| PODD Insulet Corp. | 0.26% | 20,855 | $5.5M | New |
| MELI MercadoLibre Inc. | 0.23% | 2,485 | $4.8M | Add +21.8% |
| SN Sharkninja Inc. | 0.22% | 55,715 | $4.6M | Reduce -92.2% |
| WIX Wix.com Ltd. | 0.22% | 28,330 | $4.6M | Reduce -88.1% |
| TLN Talen Energy Corp. | 0.20% | 21,482 | $4.3M | New |
| TRGP Targa Resources Corp. | 0.20% | 21,360 | $4.3M | Add +142.4% |
| BIP Brookfield Infrastructure Pa | 0.20% | 141,305 | $4.2M | Add +97.0% |
| TW Tradeweb Markets Inc. Class A | 0.18% | 24,915 | $3.7M | Add +130.6% |
| CRM Salesforce Inc. | 0.17% | 13,040 | $3.5M | New |
| ARES Ares Management Corp. Class A | 0.16% | 22,790 | $3.3M | Reduce -85.0% |
| VRT Vertiv Holdings Co. Class A | 0.14% | 41,695 | $3.0M | Add +36.9% |
| CDNS Cadence Design SYS Inc. | 0.14% | 11,549 | $2.9M | Reduce -95.9% |
| IBKR Interactive Brokers Gro Class A | 0.14% | 17,380 | $2.9M | Add +88.9% |
| GDDY GoDaddy Inc. Class A | 0.12% | 14,090 | $2.5M | Add +89.1% |
| DRS Leonardo DRS Inc. | 0.10% | 61,920 | $2.0M | New |
| ULS Ul Solutions Inc. Class A | 0.09% | 33,775 | $1.9M | Add +89.1% |
| RYAN Ryan Specialty Holdings Inc. | 0.09% | 25,530 | $1.9M | Add +114.7% |
| WAY Waystar Holding Corp. | 0.08% | 46,500 | $1.7M | New |
| HEI Heico Corp. | 0.07% | 5,570 | $1.5M | Add +149.8% |
| CCJ Cameco Corp. | 0.07% | 33,651 | $1.4M | Reduce -60.1% |
| NVMI Nova Ltd. | 0.05% | 5,785 | $1.1M | Add +88.7% |
| APP AppLovin Corp. Class A | 0.05% | 3,590 | $951K | Add +5.0% |
| RDDT Reddit Inc. Class A | 0.04% | 8,925 | $936K | Add +32.5% |
| ALAB Astera Labs Inc. | 0.04% | 14,975 | $894K | Add +17.9% |
| ZS Zscaler Inc. | 0.04% | 4,495 | $892K | Add +2.0% |
| ONTO Onto Innovation Inc. | 0.04% | 7,320 | $888K | Add +66.5% |
Options reported separately and not counted above: MTUM calls ($32.6M).
Portfolio Sells Q4 2024 → Q1 2025
| CDNS Cadence Design SYS Inc. | Reduce -95.9% | 0.14% | −2.81 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −2.76 |
| SN Sharkninja Inc. | Reduce -92.2% | 0.22% | −2.19 |
| CEG Constellation Energy | Reduce -46.5% | 4.18% | −2.16 |
| CLH Clean Harbors Inc. | Reduce -87.6% | 0.36% | −2.14 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −2.03 |
| WIX Wix.com Ltd. | Reduce -88.1% | 0.22% | −1.55 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −1.44 |
| RDNT Radnet Inc. | Sold out | 0.00% | −1.08 |
| ARES Ares Management Corp. Class A | Reduce -85.0% | 0.16% | −0.78 |
| MIR Mirion Technologies Inc. | Sold out | 0.00% | −0.68 |
| CW Curtiss-Wright Corp. | Reduce -29.4% | 2.27% | −0.36 |
| MSI Motorola Solutions Inc. | Reduce -32.5% | 2.33% | −0.34 |
| NVDA Nvidia Corp. | Reduce -13.3% | 7.07% | −0.32 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.15 |
| IT Gartner Inc. | Sold out | 0.00% | −0.13 |
| PCOR Procore Technologies Inc. | Sold out | 0.00% | −0.12 |
| XYL Xylem Inc. | Sold out | 0.00% | −0.10 |
| CCJ Cameco Corp. | Reduce -60.1% | 0.07% | −0.08 |
| HUT Hut 8 Corp. | Sold out | 0.00% | −0.03 |
| BWXT BWX Technologies Inc. | Sold out | 0.00% | −0.02 |
| CART Maplebear Inc. | Sold out | 0.00% | −0.02 |
| MPWR Monolithic Power Systems Inc. | Sold out | 0.00% | −0.02 |
| AVAV Aerovironment Inc. | Sold out | 0.00% | −0.01 |
| NOW ServiceNow Inc. | Reduce -1.7% | 3.71% | +0.03 |
| BSX Boston Scientific Corp. | Reduce -34.4% | 2.89% | +0.04 |
| FIX Comfort Systems USA Inc. | Reduce -1.3% | 2.62% | +0.07 |
| GFL GFL Environmental Inc.-Sub VT | Reduce -4.4% | 0.56% | +0.17 |
| GEV GE Vernova Inc. | Reduce -12.6% | 4.28% | +0.42 |
| CRH CRH PLC | Reduce -13.2% | 4.53% | +0.51 |
| HWM Howmet Aerospace Inc. | Reduce -6.7% | 1.62% | +0.55 |
| JCI Johnson Controls Internation | Reduce -12.4% | 3.61% | +0.64 |
| MSFT Microsoft Corp. | Reduce -7.8% | 6.04% | +0.66 |
| NFLX Netflix Inc. | Reduce -13.4% | 3.81% | +0.74 |
| MA Mastercard Inc. Class A | Reduce -17.6% | 5.28% | +0.77 |
| UBER Uber Technologies Inc. | Reduce -6.7% | 2.67% | +0.94 |
Portfolio Buys Q4 2024 → Q1 2025
| META Meta Platforms Inc. Class A | Add +16.3% | 4.63% | +1.67 |
| TKO Tko Group Holdings Inc. | Add +36.5% | 2.99% | +1.50 |
| LLY Eli Lilly & Co. | Add +12.0% | 3.66% | +1.43 |
| ONON On Holding AG Class A | Add +517.0% | 1.46% | +1.25 |
| FWONK Liberty Media Corp. Class C | Add +12.0% | 3.77% | +1.24 |
| GOOGL Alphabet Inc. Class A | Add +38.5% | 3.48% | +1.23 |
| AMZN Amazon.com Inc. | Add +0.8% | 7.47% | +1.22 |
| SPOT Spotify Technology SA | New | 0.95% | +0.95 |
| ISRG Intuitive Surgical Inc. | New | 0.89% | +0.89 |
| AXON Axon Enterprise Inc. | Add +20.3% | 2.23% | +0.70 |
| TMO Thermo Fisher Scientific Inc. | New | 0.57% | +0.57 |
| NEE Nextera Energy Inc. | Add +70.3% | 0.75% | +0.42 |
| LIN Linde PLC | Add +13.5% | 0.77% | +0.32 |
| TT Trane Technologies PLC | New | 0.26% | +0.26 |
| PODD Insulet Corp. | New | 0.26% | +0.26 |
| ETN Eaton Corp. PLC | Add +71.8% | 0.48% | +0.23 |
| TLN Talen Energy Corp. | New | 0.20% | +0.20 |
| CRM Salesforce Inc. | New | 0.17% | +0.17 |
| TRGP Targa Resources Corp. | Add +142.4% | 0.20% | +0.15 |
| TW Tradeweb Markets Inc. Class A | Add +130.6% | 0.18% | +0.13 |
| BIP Brookfield Infrastructure Pa | Add +97.0% | 0.20% | +0.12 |
| MELI MercadoLibre Inc. | Add +21.8% | 0.23% | +0.11 |
| AVGO Broadcom Inc. | Add +4.1% | 3.75% | +0.10 |
| DRS Leonardo DRS Inc. | New | 0.10% | +0.10 |
| PWR Quanta Services Inc. | Add +4.5% | 0.71% | +0.09 |
| WAY Waystar Holding Corp. | New | 0.08% | +0.08 |
| IBKR Interactive Brokers Gro Class A | Add +88.9% | 0.14% | +0.08 |
| GDDY GoDaddy Inc. Class A | Add +89.1% | 0.12% | +0.07 |
| RYAN Ryan Specialty Holdings Inc. | Add +114.7% | 0.09% | +0.06 |
| ULS Ul Solutions Inc. Class A | Add +89.1% | 0.09% | +0.06 |
| HEI Heico Corp. | Add +149.8% | 0.07% | +0.05 |
| NVMI Nova Ltd. | Add +88.7% | 0.05% | +0.03 |
| VRT Vertiv Holdings Co. Class A | Add +36.9% | 0.14% | +0.02 |
| ONTO Onto Innovation Inc. | Add +66.5% | 0.04% | +0.02 |
| ZS Zscaler Inc. | Add +2.0% | 0.04% | +0.01 |
| APP AppLovin Corp. Class A | Add +5.0% | 0.05% | +0.01 |
| RDDT Reddit Inc. Class A | Add +32.5% | 0.04% | +0.01 |
| ALAB Astera Labs Inc. | Add +17.9% | 0.04% | −0.02 |
Options Activity Q4 2024 → Q1 2025
| TMO Thermo Fisher Scientific Inc. | call | Sold out | 157,900 | $82.1Mbefore exit |
| LULU Lululemon Athletica Inc. | call | Sold out | 99,200 | $37.9Mbefore exit |
| MTUM iShares MSCI USA Momentum Fa | call | New | 161,300 | $32.6M |
| APP AppLovin Corp. Class A | call | Sold out | 39,500 | $12.8Mbefore exit |
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 |