Munro Partners
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Munro Partners reported 58 stock positions worth $3.6 billion. Its top holding was Nvidia (NVDA) at 9.1% of the portfolio, followed by GE Vernova (GEV, 6.0%) and Amazon.com (AMZN, 6.0%). Compared with Q3 2025, it opened 10 new positions, sold out of 15, added to 33 and reduced 15. The biggest buy was GE Vernova (GEV, shares +112%) and the biggest sale an exit from Uber Technologies (UBER).
- Most Recent 13F
- Q2 2026
- Location
- MELBOURNE, C3
- CIK
- 0001768744
- Portfolio Value
- $3.6B (Q4 2025)
- SEC Filing
- 0001768744-26-000004 ↗ filed Feb 17, 2026
Holdings Value
Holdings 58 stocks · $3.6B
| NVDA Nvidia Corp. | 9.07% | 1,742,521 | $325.0M | Add +9.0% |
| GEV GE Vernova Inc. | 6.02% | 330,338 | $215.9M | Add +112.4% |
| AMZN Amazon.com Inc. | 5.96% | 925,173 | $213.5M | Add +0.7% |
| MSFT Microsoft Corp. | 5.19% | 384,475 | $185.9M | Add +11.0% |
| GOOGL Alphabet Inc. Class A | 5.01% | 573,907 | $179.6M | Add +24.4% |
| CEG Constellation Energy | 4.72% | 479,257 | $169.3M | Add +21.6% |
| TKO Tko Group Holdings Inc. | 4.15% | 712,256 | $148.9M | Add +24.4% |
| FWONK Liberty Media Corp. Class C | 3.90% | 1,418,568 | $139.7M | Add +4.7% |
| MA Mastercard Inc. Class A | 3.85% | 241,474 | $137.9M | Add +30.2% |
| CRH CRH PLC | 3.84% | 1,102,400 | $137.6M | Add +17.9% |
| META Meta Platforms Inc. Class A | 3.37% | 182,765 | $120.6M | Add +7.6% |
| BSX Boston Scientific Corp. | 3.34% | 1,256,810 | $119.8M | Add +1.2% |
| JCI Johnson Controls Internation | 2.98% | 893,257 | $107.0M | Add +18.6% |
| GE General Electric filed as GE AEROSPACE | 2.69% | 312,610 | $96.3M | New |
| V Visa Inc. Class A | 2.58% | 263,300 | $92.3M | Add +41.8% |
| HEI Heico Corp. | 2.57% | 284,898 | $92.2M | Add +44.2% |
| ETN Eaton Corp. PLC | 2.46% | 276,542 | $88.1M | Add +801.2% |
| SN Sharkninja Inc. | 2.45% | 784,586 | $87.8M | Add +2371.9% |
| CIEN Ciena Corp. | 1.99% | 304,430 | $71.2M | Reduce -45.3% |
| SHOP Shopify Inc. Class A | 1.77% | 392,935 | $63.3M | Reduce -4.1% |
| ISRG Intuitive Surgical Inc. | 1.73% | 109,390 | $62.0M | Add +21.4% |
| JEF Jefferies Financial Group Inc. | 1.69% | 975,795 | $60.5M | New |
| LGN Legence Corp. Class A | 1.68% | 1,396,642 | $60.1M | Add +1875.9% |
| TRGP Targa Resources Corp. | 1.63% | 317,210 | $58.5M | Add +406.2% |
| AXON Axon Enterprise Inc. | 1.55% | 97,662 | $55.5M | Reduce -24.6% |
| CLS Celestica Inc. | 1.41% | 170,980 | $50.5M | Add +230.8% |
| AVGO Broadcom Inc. | 1.22% | 126,676 | $43.8M | Reduce -63.8% |
| LLY Eli Lilly & Co. | 1.16% | 38,520 | $41.4M | New |
| PWR Quanta Services Inc. | 0.90% | 76,322 | $32.2M | Reduce -2.7% |
| NEE Nextera Energy Inc. | 0.84% | 376,837 | $30.3M | Add +30.2% |
| GFL GFL Environmental Inc.-Sub VT | 0.79% | 658,407 | $28.3M | Add +90.9% |
| LIN Linde PLC | 0.74% | 62,074 | $26.5M | Add +43.9% |
| VRT Vertiv Holdings Co. Class A | 0.61% | 135,090 | $21.9M | Reduce -80.8% |
| FIX Comfort Systems USA Inc. | 0.61% | 23,434 | $21.9M | Reduce -14.0% |
| CLH Clean Harbors Inc. | 0.56% | 85,759 | $20.1M | Add +11.4% |
| HWM Howmet Aerospace Inc. | 0.37% | 65,283 | $13.4M | Add +11.2% |
| BIP Brookfield Infrastructure Pa | 0.35% | 356,240 | $12.4M | Add +99.9% |
| NVMI Nova Ltd. | 0.33% | 36,480 | $12.0M | Add +52.4% |
| DRS Leonardo DRS Inc. | 0.31% | 328,095 | $11.2M | Add +92.6% |
| CW Curtiss-Wright Corp. | 0.29% | 18,820 | $10.4M | Reduce -88.5% |
| RDDT Reddit Inc. Class A | 0.27% | 41,550 | $9.6M | Add +15.4% |
| AIR Aar Corp. | 0.25% | 108,295 | $9.0M | New |
| TLN Talen Energy Corp. | 0.24% | 23,125 | $8.7M | New |
| ROAD Construction Partners Inc. Class A | 0.24% | 78,815 | $8.6M | New |
| CCJ Cameco Corp. | 0.22% | 84,770 | $7.8M | New |
| IBKR Interactive Brokers Gro Class A | 0.22% | 120,385 | $7.7M | Add +52.4% |
| PODD Insulet Corp. | 0.21% | 26,470 | $7.5M | Reduce -88.3% |
| COHR Coherent Corp. | 0.21% | 40,190 | $7.4M | New |
| TT Trane Technologies PLC | 0.18% | 16,895 | $6.6M | Reduce -6.5% |
| ALAB Astera Labs Inc. | 0.18% | 39,430 | $6.6M | Reduce -11.6% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 0.18% | 39,150 | $6.4M | New |
| WAY Waystar Holding Corp. | 0.17% | 182,115 | $6.0M | Add +1.8% |
| WM Waste Management Inc. | 0.16% | 25,735 | $5.7M | New |
| MIR Mirion Technologies Inc. | 0.15% | 222,720 | $5.2M | Add +11.4% |
| TW Tradeweb Markets Inc. Class A | 0.14% | 48,070 | $5.2M | Reduce -2.0% |
| MELI MercadoLibre Inc. | 0.13% | 2,345 | $4.7M | Reduce -41.7% |
| SPOT Spotify Technology SA | 0.10% | 6,370 | $3.7M | Reduce -93.8% |
| AVAV Aerovironment Inc. | 0.08% | 11,215 | $2.7M | Reduce -45.1% |
Options reported separately and not counted above: NVDA calls ($142.7M), MIR calls ($119.2M), FRMI calls ($4.2M).
Portfolio Sells Q3 2025 → Q4 2025
| UBER Uber Technologies Inc. | Sold out | 0.00% | −3.45 |
| ORCL Oracle Corp. | Sold out | 0.00% | −2.83 |
| MSI Motorola Solutions Inc. | Sold out | 0.00% | −2.54 |
| NFLX Netflix Inc. | Sold out | 0.00% | −2.33 |
| CRWV Coreweave Inc. Class A | Sold out | 0.00% | −2.31 |
| VRT Vertiv Holdings Co. Class A | Reduce -80.8% | 0.61% | −2.29 |
| CW Curtiss-Wright Corp. | Reduce -88.5% | 0.29% | −2.14 |
| AVGO Broadcom Inc. | Reduce -63.8% | 1.22% | −1.94 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −1.89 |
| SPOT Spotify Technology SA | Reduce -93.8% | 0.10% | −1.87 |
| PODD Insulet Corp. | Reduce -88.3% | 0.21% | −1.71 |
| ARES Ares Management Corp. Class A | Sold out | 0.00% | −1.59 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −1.29 |
| AXON Axon Enterprise Inc. | Reduce -24.6% | 1.55% | −1.00 |
| ONON On Holding AG Class A | Sold out | 0.00% | −0.33 |
| CIEN Ciena Corp. | Reduce -45.3% | 1.99% | −0.24 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.20 |
| DT Dynatrace Inc. | Sold out | 0.00% | −0.15 |
| OWL Blue Owl Capital Inc. | Sold out | 0.00% | −0.14 |
| MELI MercadoLibre Inc. | Reduce -41.7% | 0.13% | −0.13 |
| ZS Zscaler Inc. | Sold out | 0.00% | −0.12 |
| KNSL Kinsale Capital Group Inc. | Sold out | 0.00% | −0.11 |
| WIX Wix.com Ltd. | Sold out | 0.00% | −0.11 |
| AVAV Aerovironment Inc. | Reduce -45.1% | 0.08% | −0.10 |
| ALAB Astera Labs Inc. | Reduce -11.6% | 0.18% | −0.06 |
| TT Trane Technologies PLC | Reduce -6.5% | 0.18% | −0.03 |
| FIX Comfort Systems USA Inc. | Reduce -14.0% | 0.61% | −0.01 |
| TW Tradeweb Markets Inc. Class A | Reduce -2.0% | 0.14% | −0.00 |
| PWR Quanta Services Inc. | Reduce -2.7% | 0.90% | +0.01 |
| SHOP Shopify Inc. Class A | Reduce -4.1% | 1.77% | +0.10 |
Portfolio Buys Q3 2025 → Q4 2025
| GEV GE Vernova Inc. | Add +112.4% | 6.02% | +3.40 |
| GE General Electric | New | 2.69% | +2.69 |
| SN Sharkninja Inc. | Add +2371.9% | 2.45% | +2.36 |
| ETN Eaton Corp. PLC | Add +801.2% | 2.46% | +2.14 |
| GOOGL Alphabet Inc. Class A | Add +24.4% | 5.01% | +1.94 |
| JEF Jefferies Financial Group Inc. | New | 1.69% | +1.69 |
| LGN Legence Corp. Class A | Add +1875.9% | 1.68% | +1.62 |
| TRGP Targa Resources Corp. | Add +406.2% | 1.63% | +1.35 |
| CEG Constellation Energy | Add +21.6% | 4.72% | +1.17 |
| LLY Eli Lilly & Co. | New | 1.16% | +1.16 |
| CLS Celestica Inc. | Add +230.8% | 1.41% | +1.06 |
| TKO Tko Group Holdings Inc. | Add +24.4% | 4.15% | +0.99 |
| MA Mastercard Inc. Class A | Add +30.2% | 3.85% | +0.96 |
| NVDA Nvidia Corp. | Add +9.0% | 9.07% | +0.90 |
| V Visa Inc. Class A | Add +41.8% | 2.58% | +0.84 |
| HEI Heico Corp. | Add +44.2% | 2.57% | +0.82 |
| CRH CRH PLC | Add +17.9% | 3.84% | +0.77 |
| JCI Johnson Controls Internation | Add +18.6% | 2.98% | +0.72 |
| ISRG Intuitive Surgical Inc. | Add +21.4% | 1.73% | +0.62 |
| AMZN Amazon.com Inc. | Add +0.7% | 5.96% | +0.43 |
| GFL GFL Environmental Inc.-Sub VT | Add +90.9% | 0.79% | +0.34 |
| MSFT Microsoft Corp. | Add +11.0% | 5.19% | +0.27 |
| AIR Aar Corp. | New | 0.25% | +0.25 |
| NEE Nextera Energy Inc. | Add +30.2% | 0.84% | +0.25 |
| TLN Talen Energy Corp. | New | 0.24% | +0.24 |
| ROAD Construction Partners Inc. Class A | New | 0.24% | +0.24 |
| CCJ Cameco Corp. | New | 0.22% | +0.22 |
| COHR Coherent Corp. | New | 0.21% | +0.21 |
| BIP Brookfield Infrastructure Pa | Add +99.9% | 0.35% | +0.18 |
| FUTU Futu Holdings Ltd.-ADR | New | 0.18% | +0.18 |
| LIN Linde PLC | Add +43.9% | 0.74% | +0.18 |
| WM Waste Management Inc. | New | 0.16% | +0.16 |
| NVMI Nova Ltd. | Add +52.4% | 0.33% | +0.12 |
| DRS Leonardo DRS Inc. | Add +92.6% | 0.31% | +0.10 |
| CLH Clean Harbors Inc. | Add +11.4% | 0.56% | +0.07 |
| IBKR Interactive Brokers Gro Class A | Add +52.4% | 0.22% | +0.07 |
| HWM Howmet Aerospace Inc. | Add +11.2% | 0.37% | +0.06 |
| RDDT Reddit Inc. Class A | Add +15.4% | 0.27% | +0.04 |
| FWONK Liberty Media Corp. Class C | Add +4.7% | 3.90% | +0.02 |
| BSX Boston Scientific Corp. | Add +1.2% | 3.34% | +0.02 |
| MIR Mirion Technologies Inc. | Add +11.4% | 0.15% | +0.02 |
| WAY Waystar Holding Corp. | Add +1.8% | 0.17% | −0.02 |
| META Meta Platforms Inc. Class A | Add +7.6% | 3.37% | −0.05 |
Options Activity Q3 2025 → Q4 2025
| NVDA Nvidia Corp. | call | New | 765,000 | $142.7M |
| MIR Mirion Technologies Inc. | call | New | 417,500 | $119.2M |
| AMD Advanced Micro Devices | call | Sold out | 164,300 | $40.1Mbefore exit |
| FRMI Fermi Inc. | call | New | 526,800 | $4.2M |
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 |