Munro Partners
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed October 15, 2025), Munro Partners reported 66 stock positions worth $3.2 billion. Its top holding was Nvidia (NVDA) at 9.9% of the portfolio, followed by Microsoft (MSFT, 6.7%) and Amazon.com (AMZN, 5.5%). Compared with Q1 2025, it opened 15 new positions, sold out of 9, added to 30 and reduced 21. The biggest buy was a new position in Oracle (ORCL) and the biggest sale an exit from CRH (CRH).
- Most Recent 13F
- Q2 2026
- Location
- MELBOURNE, C3
- CIK
- 0001768744
- Portfolio Value
- $3.2B (Q2 2025)
- SEC Filing
- 0001768744-25-000012 ↗ filed Oct 15, 2025
Holdings Value
Holdings 66 stocks · $3.2B
| NVDA Nvidia Corp. | 9.90% | 2,013,346 | $318.1M | Add +46.7% |
| MSFT Microsoft Corp. | 6.72% | 434,223 | $216.0M | Add +28.2% |
| AMZN Amazon.com Inc. | 5.53% | 809,513 | $177.6M | Reduce -2.1% |
| META Meta Platforms Inc. Class A | 5.04% | 219,405 | $161.9M | Add +29.8% |
| CEG Constellation Energy | 4.41% | 439,012 | $141.7M | Add +0.6% |
| MA Mastercard Inc. Class A | 3.50% | 200,344 | $112.6M | Reduce -1.2% |
| ORCL Oracle Corp. | 3.49% | 513,535 | $112.3M | New |
| FWONK Liberty Media Corp. Class C | 3.46% | 1,065,458 | $111.3M | Add +20.9% |
| BSX Boston Scientific Corp. | 3.20% | 958,605 | $103.0M | Add +59.1% |
| LLY Eli Lilly & Co. | 3.08% | 126,836 | $98.9M | Add +35.8% |
| GEV GE Vernova Inc. | 3.01% | 182,888 | $96.8M | Reduce -38.0% |
| UBER Uber Technologies Inc. | 3.00% | 1,032,095 | $96.3M | Add +33.9% |
| NFLX Netflix Inc. | 2.97% | 71,395 | $95.6M | Reduce -17.0% |
| VRT Vertiv Holdings Co. Class A | 2.87% | 718,485 | $92.3M | Add +1623.2% |
| AMD Advanced Micro Devices | 2.80% | 633,460 | $89.9M | New |
| GOOGL Alphabet Inc. Class A | 2.61% | 475,542 | $83.8M | Add +0.3% |
| JCI Johnson Controls Internation | 2.59% | 788,082 | $83.2M | Reduce -17.0% |
| CW Curtiss-Wright Corp. | 2.43% | 159,656 | $78.0M | Add +5.8% |
| V Visa Inc. Class A | 2.23% | 201,680 | $71.6M | New |
| LNG Cheniere Energy Inc. | 2.09% | 276,295 | $67.3M | New |
| ISRG Intuitive Surgical Inc. | 2.04% | 120,910 | $65.7M | Add +220.3% |
| TKO Tko Group Holdings Inc. | 2.04% | 360,926 | $65.7M | Reduce -12.3% |
| MSI Motorola Solutions Inc. | 2.03% | 155,475 | $65.4M | Add +38.5% |
| AXON Axon Enterprise Inc. | 1.95% | 75,622 | $62.6M | Reduce -15.1% |
| NOW ServiceNow Inc. | 1.92% | 60,096 | $61.8M | Reduce -38.8% |
| HEI Heico Corp. | 1.86% | 182,073 | $59.7M | Add +3168.8% |
| SPOT Spotify Technology SA | 1.85% | 77,560 | $59.5M | Add +114.4% |
| AVGO Broadcom Inc. | 1.76% | 205,216 | $56.6M | Reduce -56.5% |
| ICE Intercontinental Exchange Inc. | 1.64% | 287,765 | $52.8M | New |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.83% | 510,051 | $26.5M | Reduce -27.2% |
| HWM Howmet Aerospace Inc. | 0.82% | 140,890 | $26.2M | Reduce -46.3% |
| PWR Quanta Services Inc. | 0.61% | 51,972 | $19.6M | Reduce -11.1% |
| LIN Linde PLC | 0.60% | 40,814 | $19.1M | Add +17.6% |
| NEE Nextera Energy Inc. | 0.58% | 266,932 | $18.5M | Add +19.8% |
| GFL GFL Environmental Inc.-Sub VT | 0.40% | 256,167 | $12.9M | Add +4.2% |
| ETN Eaton Corp. PLC | 0.34% | 30,967 | $11.1M | Reduce -16.9% |
| FIX Comfort Systems USA Inc. | 0.30% | 18,069 | $9.7M | Reduce -89.4% |
| TW Tradeweb Markets Inc. Class A | 0.25% | 55,235 | $8.1M | Add +121.7% |
| TT Trane Technologies PLC | 0.25% | 18,195 | $8.0M | Add +11.7% |
| CLH Clean Harbors Inc. | 0.25% | 34,399 | $8.0M | Reduce -11.3% |
| TLN Talen Energy Corp. | 0.25% | 27,276 | $7.9M | Add +27.0% |
| CPRT Copart Inc. | 0.21% | 138,102 | $6.8M | New |
| MELI MercadoLibre Inc. | 0.18% | 2,235 | $5.8M | Reduce -10.1% |
| BIP Brookfield Infrastructure Pa | 0.18% | 168,180 | $5.6M | Add +19.0% |
| IBKR Interactive Brokers Gro Class A | 0.15% | 86,740 | $4.8M | Add +24.8% |
| DRS Leonardo DRS Inc. | 0.14% | 98,755 | $4.6M | Add +59.5% |
| PODD Insulet Corp. | 0.14% | 14,355 | $4.5M | Reduce -31.2% |
| NVMI Nova Ltd. | 0.12% | 14,485 | $4.0M | Add +150.4% |
| CLS Celestica Inc. | 0.12% | 24,855 | $3.9M | New |
| WAY Waystar Holding Corp. | 0.11% | 86,195 | $3.5M | Add +85.4% |
| ZS Zscaler Inc. | 0.10% | 10,260 | $3.2M | Add +128.3% |
| GDDY GoDaddy Inc. Class A | 0.10% | 17,590 | $3.2M | Add +24.8% |
| DT Dynatrace Inc. | 0.10% | 57,180 | $3.2M | New |
| RDDT Reddit Inc. Class A | 0.09% | 18,610 | $2.8M | Add +108.5% |
| MIR Mirion Technologies Inc. | 0.08% | 121,875 | $2.6M | New |
| WIX Wix.com Ltd. | 0.08% | 16,200 | $2.6M | Reduce -42.8% |
| ALAB Astera Labs Inc. | 0.07% | 26,050 | $2.4M | Add +74.0% |
| KNSL Kinsale Capital Group Inc. | 0.07% | 4,860 | $2.4M | New |
| OWL Blue Owl Capital Inc. | 0.07% | 119,875 | $2.3M | New |
| SBAC SBA Communications Corp. | 0.07% | 9,305 | $2.2M | New |
| ULS Ul Solutions Inc. Class A | 0.07% | 29,545 | $2.2M | Reduce -12.5% |
| TRGP Targa Resources Corp. | 0.06% | 10,865 | $1.9M | Reduce -49.1% |
| CRWV Coreweave Inc. Class A | 0.06% | 11,475 | $1.9M | New |
| AMRZ Amrize Ltd. | 0.06% | 37,325 | $1.8M | New |
| NXT Nextpower Inc. filed as NEXTRACKER INC | 0.05% | 28,679 | $1.6M | New |
| RYAN Ryan Specialty Holdings Inc. | 0.04% | 19,735 | $1.3M | Reduce -22.7% |
Portfolio Sells Q1 2025 → Q2 2025
| CRH CRH PLC | Sold out | 0.00% | −4.53 |
| FIX Comfort Systems USA Inc. | Reduce -89.4% | 0.30% | −2.32 |
| AVGO Broadcom Inc. | Reduce -56.5% | 1.76% | −1.99 |
| AMZN Amazon.com Inc. | Reduce -2.1% | 5.53% | −1.95 |
| NOW ServiceNow Inc. | Reduce -38.8% | 1.92% | −1.79 |
| MA Mastercard Inc. Class A | Reduce -1.2% | 3.50% | −1.78 |
| GEV GE Vernova Inc. | Reduce -38.0% | 3.01% | −1.27 |
| JCI Johnson Controls Internation | Reduce -17.0% | 2.59% | −1.02 |
| TKO Tko Group Holdings Inc. | Reduce -12.3% | 2.04% | −0.94 |
| NFLX Netflix Inc. | Reduce -17.0% | 2.97% | −0.84 |
| HWM Howmet Aerospace Inc. | Reduce -46.3% | 0.82% | −0.80 |
| ONON On Holding AG Class A | Reduce -27.2% | 0.83% | −0.64 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.57 |
| AXON Axon Enterprise Inc. | Reduce -15.1% | 1.95% | −0.28 |
| SN Sharkninja Inc. | Sold out | 0.00% | −0.22 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.17 |
| ARES Ares Management Corp. Class A | Sold out | 0.00% | −0.16 |
| TRGP Targa Resources Corp. | Reduce -49.1% | 0.06% | −0.14 |
| WIX Wix.com Ltd. | Reduce -42.8% | 0.08% | −0.14 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −0.14 |
| ETN Eaton Corp. PLC | Reduce -16.9% | 0.34% | −0.14 |
| PODD Insulet Corp. | Reduce -31.2% | 0.14% | −0.12 |
| CLH Clean Harbors Inc. | Reduce -11.3% | 0.25% | −0.12 |
| PWR Quanta Services Inc. | Reduce -11.1% | 0.61% | −0.09 |
| CCJ Cameco Corp. | Sold out | 0.00% | −0.07 |
| MELI MercadoLibre Inc. | Reduce -10.1% | 0.18% | −0.05 |
| RYAN Ryan Specialty Holdings Inc. | Reduce -22.7% | 0.04% | −0.05 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.05 |
| ONTO Onto Innovation Inc. | Sold out | 0.00% | −0.04 |
| ULS Ul Solutions Inc. Class A | Reduce -12.5% | 0.07% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| ORCL Oracle Corp. | New | 3.49% | +3.49 |
| NVDA Nvidia Corp. | Add +46.7% | 9.90% | +2.83 |
| AMD Advanced Micro Devices | New | 2.80% | +2.80 |
| VRT Vertiv Holdings Co. Class A | Add +1623.2% | 2.87% | +2.73 |
| V Visa Inc. Class A | New | 2.23% | +2.23 |
| LNG Cheniere Energy Inc. | New | 2.09% | +2.09 |
| HEI Heico Corp. | Add +3168.8% | 1.86% | +1.79 |
| ICE Intercontinental Exchange Inc. | New | 1.64% | +1.64 |
| ISRG Intuitive Surgical Inc. | Add +220.3% | 2.04% | +1.16 |
| SPOT Spotify Technology SA | Add +114.4% | 1.85% | +0.91 |
| MSFT Microsoft Corp. | Add +28.2% | 6.72% | +0.68 |
| META Meta Platforms Inc. Class A | Add +29.8% | 5.04% | +0.41 |
| UBER Uber Technologies Inc. | Add +33.9% | 3.00% | +0.33 |
| BSX Boston Scientific Corp. | Add +59.1% | 3.20% | +0.32 |
| CEG Constellation Energy | Add +0.6% | 4.41% | +0.23 |
| CPRT Copart Inc. | New | 0.21% | +0.21 |
| CW Curtiss-Wright Corp. | Add +5.8% | 2.43% | +0.15 |
| CLS Celestica Inc. | New | 0.12% | +0.12 |
| DT Dynatrace Inc. | New | 0.10% | +0.10 |
| MIR Mirion Technologies Inc. | New | 0.08% | +0.08 |
| TW Tradeweb Markets Inc. Class A | Add +121.7% | 0.25% | +0.08 |
| NVMI Nova Ltd. | Add +150.4% | 0.12% | +0.07 |
| KNSL Kinsale Capital Group Inc. | New | 0.07% | +0.07 |
| OWL Blue Owl Capital Inc. | New | 0.07% | +0.07 |
| SBAC SBA Communications Corp. | New | 0.07% | +0.07 |
| CRWV Coreweave Inc. Class A | New | 0.06% | +0.06 |
| ZS Zscaler Inc. | Add +128.3% | 0.10% | +0.06 |
| AMRZ Amrize Ltd. | New | 0.06% | +0.06 |
| NXT Nextpower Inc. | New | 0.05% | +0.05 |
| DRS Leonardo DRS Inc. | Add +59.5% | 0.14% | +0.05 |
| TLN Talen Energy Corp. | Add +27.0% | 0.25% | +0.04 |
| RDDT Reddit Inc. Class A | Add +108.5% | 0.09% | +0.04 |
| ALAB Astera Labs Inc. | Add +74.0% | 0.07% | +0.03 |
| WAY Waystar Holding Corp. | Add +85.4% | 0.11% | +0.03 |
| IBKR Interactive Brokers Gro Class A | Add +24.8% | 0.15% | +0.01 |
| TT Trane Technologies PLC | Add +11.7% | 0.25% | −0.01 |
| GDDY GoDaddy Inc. Class A | Add +24.8% | 0.10% | −0.02 |
| BIP Brookfield Infrastructure Pa | Add +19.0% | 0.18% | −0.02 |
| GFL GFL Environmental Inc.-Sub VT | Add +4.2% | 0.40% | −0.16 |
| LIN Linde PLC | Add +17.6% | 0.60% | −0.17 |
| NEE Nextera Energy Inc. | Add +19.8% | 0.58% | −0.17 |
| MSI Motorola Solutions Inc. | Add +38.5% | 2.03% | −0.30 |
| FWONK Liberty Media Corp. Class C | Add +20.9% | 3.46% | −0.30 |
| LLY Eli Lilly & Co. | Add +35.8% | 3.08% | −0.59 |
| GOOGL Alphabet Inc. Class A | Add +0.3% | 2.61% | −0.88 |
Options Activity Q1 2025 → Q2 2025
| MTUM iShares MSCI USA Momentum Fa | call | Sold out | 161,300 | $32.6Mbefore 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 |