Munro Partners
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 6, 2026), Munro Partners reported 59 stock positions worth $3.0 billion. Its top holding was Nvidia (NVDA) at 9.8% of the portfolio, followed by GE Vernova (GEV, 7.7%) and Amazon.com (AMZN, 5.6%). Compared with Q4 2025, it opened 20 new positions, sold out of 19, added to 16 and reduced 23. The biggest buy was Nextera Energy (NEE, shares +310%) and the biggest sale Microsoft (MSFT, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- MELBOURNE, C3
- CIK
- 0001768744
- Portfolio Value
- $3.0B (Q1 2026)
- SEC Filing
- 0001768744-26-000006 ↗ filed May 6, 2026
Holdings Value
Holdings 59 stocks · $3.0B
| NVDA Nvidia Corp. | 9.77% | 1,653,751 | $288.4M | Reduce -5.1% |
| GEV GE Vernova Inc. | 7.69% | 259,933 | $226.9M | Reduce -21.3% |
| AMZN Amazon.com Inc. | 5.64% | 798,898 | $166.4M | Reduce -13.7% |
| NEE Nextera Energy Inc. | 4.86% | 1,544,112 | $143.4M | Add +309.8% |
| AVGO Broadcom Inc. | 4.28% | 408,396 | $126.4M | Add +222.4% |
| GOOGL Alphabet Inc. Class A | 4.25% | 435,667 | $125.3M | Reduce -24.1% |
| TKO Tko Group Holdings Inc. | 4.17% | 610,781 | $123.2M | Reduce -14.3% |
| ETN Eaton Corp. PLC | 3.98% | 328,527 | $117.5M | Add +18.8% |
| TRGP Targa Resources Corp. | 3.64% | 428,800 | $107.5M | Add +35.2% |
| JCI Johnson Controls Internation | 3.58% | 807,487 | $105.7M | Reduce -9.6% |
| MA Mastercard Inc. Class A | 3.49% | 206,114 | $103.0M | Reduce -14.6% |
| LLY Eli Lilly & Co. | 3.18% | 102,075 | $93.9M | Add +165.0% |
| FWONK Liberty Media Corp. Class C | 3.08% | 1,068,228 | $90.8M | Reduce -24.7% |
| RTX RTX Corp. | 2.93% | 448,785 | $86.6M | New |
| CIEN Ciena Corp. | 2.83% | 214,975 | $83.5M | Reduce -29.4% |
| HWM Howmet Aerospace Inc. | 2.80% | 358,477 | $82.6M | Add +449.1% |
| STRL Sterling Infrastructure Inc. | 2.28% | 164,995 | $67.2M | New |
| GE General Electric filed as GE AEROSPACE | 2.19% | 227,855 | $64.7M | Reduce -27.1% |
| MCK McKesson Corp. | 2.02% | 68,765 | $59.5M | New |
| LITE Lumentum Holdings Inc. | 1.75% | 73,395 | $51.6M | New |
| BWXT BWX Technologies Inc. | 1.71% | 246,220 | $50.3M | New |
| PWR Quanta Services Inc. | 1.67% | 90,002 | $49.4M | Add +17.9% |
| CF CF Industries Holdings Inc. | 1.64% | 372,730 | $48.4M | New |
| LGN Legence Corp. Class A | 1.43% | 747,832 | $42.2M | Reduce -46.5% |
| LIN Linde PLC | 1.09% | 64,959 | $32.2M | Add +4.7% |
| FIX Comfort Systems USA Inc. | 0.97% | 20,704 | $28.6M | Reduce -11.7% |
| DRS Leonardo DRS Inc. | 0.95% | 626,915 | $27.9M | Add +91.1% |
| BIP Brookfield Infrastructure Pa | 0.87% | 711,885 | $25.7M | Add +99.8% |
| MOD Modine Manufacturing Co. | 0.87% | 118,320 | $25.6M | New |
| VRT Vertiv Holdings Co. Class A | 0.79% | 93,015 | $23.3M | Reduce -31.1% |
| GFL GFL Environmental Inc.-Sub VT | 0.74% | 520,187 | $21.7M | Reduce -21.0% |
| CRH CRH PLC | 0.65% | 183,080 | $19.2M | Reduce -83.4% |
| CCJ Cameco Corp. | 0.61% | 165,265 | $17.9M | Add +95.0% |
| CW Curtiss-Wright Corp. | 0.58% | 25,190 | $17.2M | Add +33.9% |
| PRIM Primoris Services Corp. | 0.54% | 112,170 | $16.0M | New |
| IBKR Interactive Brokers Gro Class A | 0.50% | 219,390 | $14.7M | Add +82.2% |
| CEG Constellation Energy | 0.47% | 50,050 | $14.0M | Reduce -89.6% |
| ROAD Construction Partners Inc. Class A | 0.47% | 125,575 | $14.0M | Add +59.3% |
| HEI Heico Corp. | 0.45% | 48,450 | $13.3M | Reduce -83.0% |
| AIR Aar Corp. | 0.44% | 119,225 | $13.1M | Add +10.1% |
| CLH Clean Harbors Inc. | 0.40% | 40,669 | $11.7M | Reduce -52.6% |
| COHR Coherent Corp. | 0.33% | 41,305 | $9.8M | Add +2.8% |
| NI Nisource Inc. | 0.33% | 209,530 | $9.8M | New |
| NVMI Nova Ltd. | 0.32% | 21,450 | $9.3M | Reduce -41.2% |
| POWL Powell Industries Inc. | 0.27% | 14,680 | $7.9M | New |
| NXT Nextpower Inc. | 0.27% | 65,635 | $7.9M | New |
| VVX V2X Inc. | 0.26% | 110,485 | $7.6M | New |
| SOLS Solstice Adv Materials Inc. | 0.24% | 94,700 | $7.2M | New |
| AGX Argan Inc. | 0.24% | 13,225 | $7.2M | New |
| CBOE Cboe Global Markets Inc. | 0.23% | 24,235 | $6.8M | New |
| MSFT Microsoft Corp. | 0.19% | 15,347 | $5.7M | Reduce -96.0% |
| RMBS Rambus Inc. | 0.19% | 64,395 | $5.5M | New |
| CLS Celestica Inc. | 0.19% | 19,510 | $5.5M | Reduce -88.6% |
| LFUS Littelfuse Inc. | 0.19% | 16,095 | $5.5M | New |
| TER Teradyne Inc. | 0.15% | 15,235 | $4.5M | New |
| MDLN Medline Inc. Class A | 0.14% | 91,330 | $4.1M | New |
| FPS Forgent Power Solutions Class A | 0.10% | 100,185 | $2.9M | New |
| SN Sharkninja Inc. | 0.07% | 20,350 | $2.2M | Reduce -97.4% |
| META Meta Platforms Inc. Class A | 0.04% | 2,015 | $1.2M | Reduce -98.9% |
Portfolio Sells Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | Reduce -96.0% | 0.19% | −5.00 |
| CEG Constellation Energy | Reduce -89.6% | 0.47% | −4.25 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −3.34 |
| META Meta Platforms Inc. Class A | Reduce -98.9% | 0.04% | −3.33 |
| CRH CRH PLC | Reduce -83.4% | 0.65% | −3.19 |
| V Visa Inc. Class A | Sold out | 0.00% | −2.58 |
| SN Sharkninja Inc. | Reduce -97.4% | 0.07% | −2.38 |
| HEI Heico Corp. | Reduce -83.0% | 0.45% | −2.12 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −1.77 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −1.73 |
| JEF Jefferies Financial Group Inc. | Sold out | 0.00% | −1.69 |
| AXON Axon Enterprise Inc. | Sold out | 0.00% | −1.55 |
| CLS Celestica Inc. | Reduce -88.6% | 0.19% | −1.22 |
| FWONK Liberty Media Corp. Class C | Reduce -24.7% | 3.08% | −0.82 |
| GOOGL Alphabet Inc. Class A | Reduce -24.1% | 4.25% | −0.77 |
| GE General Electric | Reduce -27.1% | 2.19% | −0.50 |
| MA Mastercard Inc. Class A | Reduce -14.6% | 3.49% | −0.36 |
| AMZN Amazon.com Inc. | Reduce -13.7% | 5.64% | −0.32 |
| RDDT Reddit Inc. Class A | Sold out | 0.00% | −0.27 |
| LGN Legence Corp. Class A | Reduce -46.5% | 1.43% | −0.25 |
| TLN Talen Energy Corp. | Sold out | 0.00% | −0.24 |
| PODD Insulet Corp. | Sold out | 0.00% | −0.21 |
| TT Trane Technologies PLC | Sold out | 0.00% | −0.18 |
| ALAB Astera Labs Inc. | Sold out | 0.00% | −0.18 |
| FUTU Futu Holdings Ltd.-ADR | Sold out | 0.00% | −0.18 |
| WAY Waystar Holding Corp. | Sold out | 0.00% | −0.17 |
| CLH Clean Harbors Inc. | Reduce -52.6% | 0.40% | −0.17 |
| WM Waste Management Inc. | Sold out | 0.00% | −0.16 |
| MIR Mirion Technologies Inc. | Sold out | 0.00% | −0.15 |
| TW Tradeweb Markets Inc. Class A | Sold out | 0.00% | −0.14 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −0.13 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.10 |
| AVAV Aerovironment Inc. | Sold out | 0.00% | −0.08 |
| GFL GFL Environmental Inc.-Sub VT | Reduce -21.0% | 0.74% | −0.05 |
| NVMI Nova Ltd. | Reduce -41.2% | 0.32% | −0.02 |
| TKO Tko Group Holdings Inc. | Reduce -14.3% | 4.17% | +0.02 |
| VRT Vertiv Holdings Co. Class A | Reduce -31.1% | 0.79% | +0.18 |
| FIX Comfort Systems USA Inc. | Reduce -11.7% | 0.97% | +0.36 |
| JCI Johnson Controls Internation | Reduce -9.6% | 3.58% | +0.60 |
| NVDA Nvidia Corp. | Reduce -5.1% | 9.77% | +0.70 |
| CIEN Ciena Corp. | Reduce -29.4% | 2.83% | +0.84 |
| GEV GE Vernova Inc. | Reduce -21.3% | 7.69% | +1.66 |
Portfolio Buys Q4 2025 → Q1 2026
| NEE Nextera Energy Inc. | Add +309.8% | 4.86% | +4.02 |
| AVGO Broadcom Inc. | Add +222.4% | 4.28% | +3.06 |
| RTX RTX Corp. | New | 2.93% | +2.93 |
| HWM Howmet Aerospace Inc. | Add +449.1% | 2.80% | +2.43 |
| STRL Sterling Infrastructure Inc. | New | 2.28% | +2.28 |
| LLY Eli Lilly & Co. | Add +165.0% | 3.18% | +2.03 |
| MCK McKesson Corp. | New | 2.02% | +2.02 |
| TRGP Targa Resources Corp. | Add +35.2% | 3.64% | +2.01 |
| LITE Lumentum Holdings Inc. | New | 1.75% | +1.75 |
| BWXT BWX Technologies Inc. | New | 1.71% | +1.71 |
| CF CF Industries Holdings Inc. | New | 1.64% | +1.64 |
| ETN Eaton Corp. PLC | Add +18.8% | 3.98% | +1.52 |
| MOD Modine Manufacturing Co. | New | 0.87% | +0.87 |
| PWR Quanta Services Inc. | Add +17.9% | 1.67% | +0.78 |
| DRS Leonardo DRS Inc. | Add +91.1% | 0.95% | +0.63 |
| PRIM Primoris Services Corp. | New | 0.54% | +0.54 |
| BIP Brookfield Infrastructure Pa | Add +99.8% | 0.87% | +0.53 |
| CCJ Cameco Corp. | Add +95.0% | 0.61% | +0.39 |
| LIN Linde PLC | Add +4.7% | 1.09% | +0.35 |
| NI Nisource Inc. | New | 0.33% | +0.33 |
| CW Curtiss-Wright Corp. | Add +33.9% | 0.58% | +0.29 |
| IBKR Interactive Brokers Gro Class A | Add +82.2% | 0.50% | +0.28 |
| POWL Powell Industries Inc. | New | 0.27% | +0.27 |
| NXT Nextpower Inc. | New | 0.27% | +0.27 |
| VVX V2X Inc. | New | 0.26% | +0.26 |
| SOLS Solstice Adv Materials Inc. | New | 0.24% | +0.24 |
| AGX Argan Inc. | New | 0.24% | +0.24 |
| ROAD Construction Partners Inc. Class A | Add +59.3% | 0.47% | +0.23 |
| CBOE Cboe Global Markets Inc. | New | 0.23% | +0.23 |
| AIR Aar Corp. | Add +10.1% | 0.44% | +0.19 |
| RMBS Rambus Inc. | New | 0.19% | +0.19 |
| LFUS Littelfuse Inc. | New | 0.19% | +0.19 |
| TER Teradyne Inc. | New | 0.15% | +0.15 |
| MDLN Medline Inc. Class A | New | 0.14% | +0.14 |
| COHR Coherent Corp. | Add +2.8% | 0.33% | +0.13 |
| FPS Forgent Power Solutions Class A | New | 0.10% | +0.10 |
Options Activity Q4 2025 → Q1 2026
| NVDA Nvidia Corp. | call | Sold out | 765,000 | $142.7Mbefore exit |
| MIR Mirion Technologies Inc. | call | Sold out | 417,500 | $119.2Mbefore exit |
| FRMI Fermi Inc. | call | Sold out | 526,800 | $4.2Mbefore 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 |