FIRETRAIL INVESTMENTS PTY LTD
Long book
$293.1M
Q1 2026
Positions
28
Top-10 weight
56%
concentration
Last quarter
+21.7%
SPY +14.8%
Turnover
3%
of book per quarter
Strategy in plain words
auto-generated from filingsFIRETRAIL INVESTMENTS PTY LTD is a concentrated fundamental stock-picker, running a $293.1M US long book across 28 positions.
The portfolio is concentrated: the top 10 names carry 56% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: APPLE INC, TAIWAN SEMICONDUCTOR-SP ADR, AMAZON.COM INC, ADVANCED MICRO DEVICES, NVIDIA CORP.
Over the last 9 quarters its long book ran on average 0.1pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.8%
Q2 2024
+3.5%
Q3 2024
+0.0%
Q4 2024
-2.3%
Q1 2025
+11.7%
Q2 2025
+5.4%
Q3 2025
+1.4%
Q4 2025
-3.1%
Q1 2026
+21.7%
Sector allocation
Technology 35%
Consumer discretionary 18%
Industrials 12%
Services media 12%
Financials 10%
Healthcare 5%
Consumer staples 4%
Other 4%
Long book by quarter
What does FIRETRAIL INVESTMENTS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 103.2K | $26.2M | 8.9% | +1.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 102.4K | $21.3M | 7.3% | +118.2% |
| AMD ADVANCED MICRO DEVICES | Technology | 76.1K | $15.5M | 5.3% | +4.7% |
| NVDA NVIDIA CORP | Technology | 84.5K | $14.7M | 5.0% | +4.8% |
| MCK MCKESSON CORP | Consumer discretionary | 16.3K | $14.1M | 4.8% | -9.4% |
| DE DEERE & CO | Industrials | 23.7K | $13.4M | 4.6% | -18.5% |
| MA MASTERCARD INC - A | Services media | 25.1K | $12.5M | 4.3% | -9.3% |
| KEYS KEYSIGHT TECHNOLOGIES IN | Technology | 38.7K | $10.9M | 3.7% | +5.1% |
| DAR DARLING INGREDIENTS INC | Consumer staples | 168.6K | $10.4M | 3.6% | -26.6% |
| ECL ECOLAB INC | Other | 38.8K | $10.3M | 3.5% | -11.0% |
| AZO AUTOZONE INC | Consumer discretionary | 3.0K | $10.0M | 3.4% | +4.8% |
| APTV APTIV PLC | Industrials | 138.1K | $9.6M | 3.3% | +5.2% |
| ELV ELEVANCE HEALTH INC | Financials | 32.3K | $9.5M | 3.2% | +5.1% |
| GXO GXO LOGISTICS INC | Industrials | 174.0K | $9.0M | 3.1% | +4.8% |
| MTN VAIL RESORTS INC | Services media | 67.9K | $8.7M | 3.0% | +5.1% |
| TT TRANE TECHNOLOGIES PLC | Technology | 20.6K | $8.6M | 2.9% | +5.1% |
| IBKR INTERACTIVE BROKERS GRO-CL A | Financials | 103.3K | $6.9M | 2.4% | +5.1% |
| ICLR ICON PLC | Healthcare | 57.6K | $6.4M | 2.2% | +4.8% |
| ALC ALCON INC | Healthcare | 84.7K | $6.3M | 2.1% | +5.1% |
| NOW SERVICENOW INC | Technology | 58.5K | $6.1M | 2.1% | +41.1% |
| JPM JPMORGAN CHASE & CO | Financials | 18.2K | $5.3M | 1.8% | +5.3% |
| CDNS CADENCE DESIGN SYS INC | Technology | 18.7K | $5.2M | 1.8% | +62.1% |
| MCO MOODY'S CORP | Services media | 11.8K | $5.1M | 1.8% | -40.4% |
| FICO FAIR ISAAC CORP | Services media | 3.8K | $4.0M | 1.4% | -25.1% |
| TENB TENABLE HOLDINGS INC | Technology | 234.7K | $4.0M | 1.4% | +5.3% |
| WFC WELLS FARGO & CO | Financials | 44.6K | $3.5M | 1.2% | +5.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 5, 2026 | 28 | $293.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 4, 2026 | 29 | $305.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 5, 2025 | 28 | $399.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 26 | $383.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 25 | $343.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 5, 2025 | 23 | $333.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 6, 2024 | 27 | $347.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 8, 2024 | 27 | $329.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 19 | $121.6M | canonical | SEC ↗ |
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