Munro Partners
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 15, 2025), Munro Partners reported 63 stock positions worth $3.7 billion. Its top holding was Nvidia (NVDA) at 8.2% of the portfolio, followed by Amazon.com (AMZN, 5.5%) and Microsoft (MSFT, 4.9%). Compared with Q2 2025, it opened 9 new positions, sold out of 12, added to 35 and reduced 19. The biggest buy was a new position in CRH (CRH) and the biggest sale an exit from Eli Lilly (LLY).
- Most Recent 13F
- Q2 2026
- Location
- MELBOURNE, C3
- CIK
- 0001768744
- Portfolio Value
- $3.7B (Q3 2025)
- SEC Filing
- 0001768744-25-000011 ↗ filed Oct 15, 2025
Holdings Value
Holdings 63 stocks · $3.7B
| NVDA Nvidia Corp. | 8.17% | 1,598,276 | $298.2M | Reduce -20.6% |
| AMZN Amazon.com Inc. | 5.53% | 918,788 | $201.7M | Add +13.5% |
| MSFT Microsoft Corp. | 4.92% | 346,403 | $179.4M | Reduce -20.2% |
| FWONK Liberty Media Corp. Class C | 3.88% | 1,354,543 | $141.5M | Add +27.1% |
| CEG Constellation Energy | 3.55% | 394,167 | $129.7M | Reduce -10.2% |
| UBER Uber Technologies Inc. | 3.45% | 1,287,025 | $126.1M | Add +24.7% |
| META Meta Platforms Inc. Class A | 3.42% | 169,865 | $124.7M | Reduce -22.6% |
| BSX Boston Scientific Corp. | 3.32% | 1,242,080 | $121.3M | Add +29.6% |
| TKO Tko Group Holdings Inc. | 3.17% | 572,656 | $115.7M | Add +58.7% |
| AVGO Broadcom Inc. | 3.16% | 349,546 | $115.3M | Add +70.3% |
| CRH CRH PLC | 3.07% | 935,295 | $112.1M | New |
| GOOGL Alphabet Inc. Class A | 3.07% | 461,287 | $112.1M | Reduce -3.0% |
| VRT Vertiv Holdings Co. Class A | 2.90% | 701,930 | $105.9M | Reduce -2.3% |
| MA Mastercard Inc. Class A | 2.89% | 185,454 | $105.5M | Reduce -7.4% |
| ORCL Oracle Corp. | 2.83% | 367,340 | $103.3M | Reduce -28.5% |
| GEV GE Vernova Inc. | 2.62% | 155,543 | $95.6M | Reduce -14.9% |
| AXON Axon Enterprise Inc. | 2.54% | 129,442 | $92.9M | Add +71.2% |
| MSI Motorola Solutions Inc. | 2.54% | 202,760 | $92.7M | Add +30.4% |
| CW Curtiss-Wright Corp. | 2.43% | 163,571 | $88.8M | Add +2.5% |
| NFLX Netflix Inc. | 2.33% | 71,010 | $85.1M | Reduce -0.5% |
| CRWV Coreweave Inc. Class A | 2.31% | 616,485 | $84.4M | Add +5272.4% |
| JCI Johnson Controls Internation | 2.27% | 753,252 | $82.8M | Reduce -4.4% |
| CIEN Ciena Corp. | 2.22% | 556,930 | $81.1M | New |
| SPOT Spotify Technology SA | 1.98% | 103,445 | $72.2M | Add +33.4% |
| PODD Insulet Corp. | 1.92% | 227,240 | $70.2M | Add +1483.0% |
| LNG Cheniere Energy Inc. | 1.89% | 293,555 | $69.0M | Add +6.3% |
| HEI Heico Corp. | 1.75% | 197,633 | $63.8M | Add +8.6% |
| V Visa Inc. Class A | 1.74% | 185,755 | $63.4M | Reduce -7.9% |
| SHOP Shopify Inc. Class A | 1.67% | 409,895 | $60.9M | New |
| ARES Ares Management Corp. Class A | 1.59% | 364,115 | $58.2M | New |
| KKR KKR & Co. Inc. | 1.29% | 363,250 | $47.2M | New |
| ISRG Intuitive Surgical Inc. | 1.10% | 90,125 | $40.3M | Reduce -25.5% |
| PWR Quanta Services Inc. | 0.89% | 78,412 | $32.5M | Add +50.9% |
| FIX Comfort Systems USA Inc. | 0.62% | 27,254 | $22.5M | Add +50.8% |
| NEE Nextera Energy Inc. | 0.60% | 289,332 | $21.8M | Add +8.4% |
| LIN Linde PLC | 0.56% | 43,139 | $20.5M | Add +5.7% |
| CLH Clean Harbors Inc. | 0.49% | 77,004 | $17.9M | Add +123.9% |
| GFL GFL Environmental Inc.-Sub VT | 0.45% | 344,892 | $16.3M | Add +34.6% |
| CLS Celestica Inc. | 0.35% | 51,695 | $12.7M | Add +108.0% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.33% | 284,190 | $12.0M | Reduce -44.3% |
| HWM Howmet Aerospace Inc. | 0.32% | 58,688 | $11.5M | Reduce -58.3% |
| ETN Eaton Corp. PLC | 0.31% | 30,687 | $11.5M | Reduce -0.9% |
| TRGP Targa Resources Corp. | 0.29% | 62,670 | $10.5M | Add +476.8% |
| MELI MercadoLibre Inc. | 0.26% | 4,025 | $9.4M | Add +80.1% |
| ALAB Astera Labs Inc. | 0.24% | 44,585 | $8.7M | Add +71.2% |
| RDDT Reddit Inc. Class A | 0.23% | 36,000 | $8.3M | Add +93.4% |
| DRS Leonardo DRS Inc. | 0.21% | 170,345 | $7.7M | Add +72.5% |
| NVMI Nova Ltd. | 0.21% | 23,930 | $7.6M | Add +65.2% |
| TT Trane Technologies PLC | 0.21% | 18,065 | $7.6M | Reduce -0.7% |
| DDOG Datadog Inc. Class A | 0.20% | 50,000 | $7.1M | New |
| WAY Waystar Holding Corp. | 0.19% | 178,890 | $6.8M | Add +107.5% |
| AVAV Aerovironment Inc. | 0.18% | 20,420 | $6.4M | New |
| BIP Brookfield Infrastructure Pa | 0.16% | 178,240 | $5.9M | Add +6.0% |
| TW Tradeweb Markets Inc. Class A | 0.15% | 49,070 | $5.4M | Reduce -11.2% |
| IBKR Interactive Brokers Gro Class A | 0.15% | 78,980 | $5.4M | Reduce -8.9% |
| DT Dynatrace Inc. | 0.15% | 111,915 | $5.4M | Add +95.7% |
| OWL Blue Owl Capital Inc. | 0.14% | 299,870 | $5.1M | Add +150.2% |
| MIR Mirion Technologies Inc. | 0.13% | 199,910 | $4.6M | Add +64.0% |
| ZS Zscaler Inc. | 0.12% | 14,075 | $4.2M | Add +37.2% |
| KNSL Kinsale Capital Group Inc. | 0.11% | 9,275 | $3.9M | Add +90.8% |
| WIX Wix.com Ltd. | 0.11% | 22,055 | $3.9M | Add +36.1% |
| SN Sharkninja Inc. | 0.09% | 31,740 | $3.3M | New |
| LGN Legence Corp. Class A | 0.06% | 70,685 | $2.2M | New |
Options reported separately and not counted above: AMD calls ($40.1M).
Portfolio Sells Q2 2025 → Q3 2025
| LLY Eli Lilly & Co. | Sold out | 0.00% | −3.08 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −2.80 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −1.92 |
| MSFT Microsoft Corp. | Reduce -20.2% | 4.92% | −1.80 |
| NVDA Nvidia Corp. | Reduce -20.6% | 8.17% | −1.73 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −1.64 |
| META Meta Platforms Inc. Class A | Reduce -22.6% | 3.42% | −1.62 |
| ISRG Intuitive Surgical Inc. | Reduce -25.5% | 1.10% | −0.94 |
| CEG Constellation Energy | Reduce -10.2% | 3.55% | −0.85 |
| ORCL Oracle Corp. | Reduce -28.5% | 2.83% | −0.66 |
| NFLX Netflix Inc. | Reduce -0.5% | 2.33% | −0.64 |
| MA Mastercard Inc. Class A | Reduce -7.4% | 2.89% | −0.61 |
| HWM Howmet Aerospace Inc. | Reduce -58.3% | 0.32% | −0.50 |
| ONON On Holding AG Class A | Reduce -44.3% | 0.33% | −0.50 |
| V Visa Inc. Class A | Reduce -7.9% | 1.74% | −0.49 |
| GEV GE Vernova Inc. | Reduce -14.9% | 2.62% | −0.39 |
| JCI Johnson Controls Internation | Reduce -4.4% | 2.27% | −0.32 |
| TLN Talen Energy Corp. | Sold out | 0.00% | −0.25 |
| CPRT Copart Inc. | Sold out | 0.00% | −0.21 |
| TW Tradeweb Markets Inc. Class A | Reduce -11.2% | 0.15% | −0.10 |
| GDDY GoDaddy Inc. Class A | Sold out | 0.00% | −0.10 |
| SBAC SBA Communications Corp. | Sold out | 0.00% | −0.07 |
| ULS Ul Solutions Inc. Class A | Sold out | 0.00% | −0.07 |
| AMRZ Amrize Ltd. | Sold out | 0.00% | −0.06 |
| NXT Nextpower Inc. | Sold out | 0.00% | −0.05 |
| RYAN Ryan Specialty Holdings Inc. | Sold out | 0.00% | −0.04 |
| TT Trane Technologies PLC | Reduce -0.7% | 0.21% | −0.04 |
| ETN Eaton Corp. PLC | Reduce -0.9% | 0.31% | −0.03 |
| IBKR Interactive Brokers Gro Class A | Reduce -8.9% | 0.15% | −0.00 |
| VRT Vertiv Holdings Co. Class A | Reduce -2.3% | 2.90% | +0.03 |
| GOOGL Alphabet Inc. Class A | Reduce -3.0% | 3.07% | +0.46 |
Portfolio Buys Q2 2025 → Q3 2025
| CRH CRH PLC | New | 3.07% | +3.07 |
| CRWV Coreweave Inc. Class A | Add +5272.4% | 2.31% | +2.25 |
| CIEN Ciena Corp. | New | 2.22% | +2.22 |
| PODD Insulet Corp. | Add +1483.0% | 1.92% | +1.78 |
| SHOP Shopify Inc. Class A | New | 1.67% | +1.67 |
| ARES Ares Management Corp. Class A | New | 1.59% | +1.59 |
| AVGO Broadcom Inc. | Add +70.3% | 3.16% | +1.40 |
| KKR KKR & Co. Inc. | New | 1.29% | +1.29 |
| TKO Tko Group Holdings Inc. | Add +58.7% | 3.17% | +1.13 |
| AXON Axon Enterprise Inc. | Add +71.2% | 2.54% | +0.60 |
| MSI Motorola Solutions Inc. | Add +30.4% | 2.54% | +0.51 |
| UBER Uber Technologies Inc. | Add +24.7% | 3.45% | +0.46 |
| FWONK Liberty Media Corp. Class C | Add +27.1% | 3.88% | +0.41 |
| FIX Comfort Systems USA Inc. | Add +50.8% | 0.62% | +0.31 |
| PWR Quanta Services Inc. | Add +50.9% | 0.89% | +0.28 |
| CLH Clean Harbors Inc. | Add +123.9% | 0.49% | +0.24 |
| TRGP Targa Resources Corp. | Add +476.8% | 0.29% | +0.23 |
| CLS Celestica Inc. | Add +108.0% | 0.35% | +0.23 |
| DDOG Datadog Inc. Class A | New | 0.20% | +0.20 |
| AVAV Aerovironment Inc. | New | 0.18% | +0.18 |
| ALAB Astera Labs Inc. | Add +71.2% | 0.24% | +0.17 |
| RDDT Reddit Inc. Class A | Add +93.4% | 0.23% | +0.14 |
| SPOT Spotify Technology SA | Add +33.4% | 1.98% | +0.13 |
| BSX Boston Scientific Corp. | Add +29.6% | 3.32% | +0.12 |
| SN Sharkninja Inc. | New | 0.09% | +0.09 |
| NVMI Nova Ltd. | Add +65.2% | 0.21% | +0.09 |
| WAY Waystar Holding Corp. | Add +107.5% | 0.19% | +0.08 |
| MELI MercadoLibre Inc. | Add +80.1% | 0.26% | +0.08 |
| DRS Leonardo DRS Inc. | Add +72.5% | 0.21% | +0.07 |
| OWL Blue Owl Capital Inc. | Add +150.2% | 0.14% | +0.07 |
| LGN Legence Corp. Class A | New | 0.06% | +0.06 |
| DT Dynatrace Inc. | Add +95.7% | 0.15% | +0.05 |
| MIR Mirion Technologies Inc. | Add +64.0% | 0.13% | +0.05 |
| GFL GFL Environmental Inc.-Sub VT | Add +34.6% | 0.45% | +0.05 |
| KNSL Kinsale Capital Group Inc. | Add +90.8% | 0.11% | +0.03 |
| WIX Wix.com Ltd. | Add +36.1% | 0.11% | +0.03 |
| NEE Nextera Energy Inc. | Add +8.4% | 0.60% | +0.02 |
| ZS Zscaler Inc. | Add +37.2% | 0.12% | +0.02 |
| CW Curtiss-Wright Corp. | Add +2.5% | 2.43% | +0.01 |
| AMZN Amazon.com Inc. | Add +13.5% | 5.53% | +0.00 |
| BIP Brookfield Infrastructure Pa | Add +6.0% | 0.16% | −0.01 |
| LIN Linde PLC | Add +5.7% | 0.56% | −0.03 |
| HEI Heico Corp. | Add +8.6% | 1.75% | −0.11 |
| LNG Cheniere Energy Inc. | Add +6.3% | 1.89% | −0.20 |
Options Activity Q2 2025 → Q3 2025
| AMD Advanced Micro Devices | call | New | 164,300 | $40.1M |
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 |