Munro Partners
Long book
$2.95B
Q1 2026
Positions
59
Top-10 weight
52%
concentration
Last quarter
+13.3%
SPY +14.8%
Turnover
50%
of book per quarter
Strategy in plain words
auto-generated from filingsMunro Partners is a diversified fundamental manager, running a $2.95B US long book across 59 positions.
The portfolio is concentrated: the top 10 names carry 52% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NVIDIA CORP, GE VERNOVA INC, AMAZON.COM INC, NEXTERA ENERGY INC, BROADCOM INC.
Over the last 9 quarters its long book ran on average 1.7pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+10.3%
Q2 2024
+6.3%
Q3 2024
+5.9%
Q4 2024
-9.6%
Q1 2025
+29.3%
Q2 2025
+5.3%
Q3 2025
-1.6%
Q4 2025
-3.8%
Q1 2026
+13.3%
Sector allocation
Industrials 36%
Technology 26%
Utilities 11%
Services media 8%
Consumer discretionary 8%
Healthcare 3%
Communications 3%
Other 2%
Long book by quarter
What does Munro Partners own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 1.7M | $288.4M | 9.8% | -5.1% |
| GEV GE VERNOVA INC | Industrials | 259.9K | $226.9M | 7.7% | -21.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 798.9K | $166.4M | 5.6% | -13.6% |
| NEE NEXTERA ENERGY INC | Utilities | 1.5M | $143.4M | 4.9% | +309.8% |
| AVGO BROADCOM INC | Technology | 408.4K | $126.4M | 4.3% | +222.4% |
| GOOGL ALPHABET INC-CL A | Technology | 435.7K | $125.3M | 4.2% | -24.1% |
| TKO TKO GROUP HOLDINGS INC | Services media | 610.8K | $123.2M | 4.2% | -14.2% |
| ETN EATON CORP PLC | Industrials | 328.5K | $117.5M | 4.0% | +18.8% |
| TRGP TARGA RESOURCES CORP | Utilities | 428.8K | $107.5M | 3.6% | +35.2% |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 807.5K | $105.7M | 3.6% | -9.6% |
| MA MASTERCARD INC - A | Services media | 206.1K | $103.0M | 3.5% | -14.6% |
| LLY ELI LILLY & CO | Healthcare | 102.1K | $93.9M | 3.2% | +165.0% |
| FWONK LIBERTY MEDIA CORP-FORMULA-C | Communications | 1.1M | $90.8M | 3.1% | -24.7% |
| RTX RTX CORP | Industrials | 448.8K | $86.6M | 2.9% | New |
| CIEN CIENA CORP | Technology | 215.0K | $83.5M | 2.8% | -29.4% |
| HWM HOWMET AEROSPACE INC | Industrials | 358.5K | $82.6M | 2.8% | +449.1% |
| STRL STERLING INFRASTRUCTURE INC | Industrials | 165.0K | $67.2M | 2.3% | New |
| GE GENERAL ELECTRIC | Industrials | 227.9K | $64.7M | 2.2% | -27.1% |
| MCK MCKESSON CORP | Consumer discretionary | 68.8K | $59.5M | 2.0% | New |
| LITE LUMENTUM HOLDINGS INC | Technology | 73.4K | $51.6M | 1.7% | New |
| BWXT BWX TECHNOLOGIES INC | Industrials | 246.2K | $50.3M | 1.7% | New |
| PWR QUANTA SERVICES INC | Industrials | 90.0K | $49.4M | 1.7% | +17.9% |
| CF CF INDUSTRIES HOLDINGS INC | Other | 372.7K | $48.4M | 1.6% | New |
| LGN LEGENCE CORP-CL A | Industrials | 747.8K | $42.2M | 1.4% | -46.5% |
| LIN LINDE PLC | Materials | 65.0K | $32.2M | 1.1% | +4.6% |
| FIX COMFORT SYSTEMS USA INC | Industrials | 20.7K | $28.6M | 1.0% | -11.6% |
| DRS LEONARDO DRS INC | Technology | 626.9K | $27.9M | 0.9% | +91.1% |
| MOD MODINE MANUFACTURING CO | Industrials | 118.3K | $25.6M | 0.9% | New |
| VRT VERTIV HOLDINGS CO-A | Technology | 93.0K | $23.3M | 0.8% | -31.1% |
| GFL GFL ENVIRONMENTAL INC-SUB VT | Utilities | 520.2K | $21.7M | 0.7% | -21.0% |
| CRH CRH PLC | Industrials | 183.1K | $19.2M | 0.7% | -83.4% |
| CCJ CAMECO CORP | Materials | 165.3K | $17.9M | 0.6% | +95.0% |
| CW CURTISS-WRIGHT CORP | Industrials | 25.2K | $17.2M | 0.6% | +33.8% |
| PRIM PRIMORIS SERVICES CORP | Industrials | 112.2K | $16.0M | 0.5% | New |
| IBKR INTERACTIVE BROKERS GRO-CL A | Financials | 219.4K | $14.7M | 0.5% | +82.2% |
| CEG CONSTELLATION ENERGY | Utilities | 50.0K | $14.0M | 0.5% | -89.6% |
| ROAD CONSTRUCTION PARTNERS INC-A | Industrials | 125.6K | $14.0M | 0.5% | +59.3% |
| HEI HEICO CORP | Industrials | 48.5K | $13.3M | 0.5% | -83.0% |
| AIR AAR CORP | Industrials | 119.2K | $13.1M | 0.4% | +10.1% |
| CLH CLEAN HARBORS INC | Utilities | 40.7K | $11.7M | 0.4% | -52.6% |
| COHR COHERENT CORP | Other | 41.3K | $9.8M | 0.3% | +2.8% |
| NI NISOURCE INC | Utilities | 209.5K | $9.8M | 0.3% | New |
| NVMI NOVA LTD | Other | 21.4K | $9.3M | 0.3% | -41.2% |
| POWL POWELL INDUSTRIES INC | Industrials | 14.7K | $7.9M | 0.3% | New |
| NXT NEXTPOWER INC-CL A | Technology | 65.6K | $7.9M | 0.3% | New |
| VVX V2X INC | Services media | 110.5K | $7.6M | 0.3% | New |
| SOLS SOLSTICE ADV MATERIALS INC | Materials | 94.7K | $7.2M | 0.2% | New |
| AGX ARGAN INC | Industrials | 13.2K | $7.2M | 0.2% | New |
| CBOE CBOE GLOBAL MARKETS INC | Financials | 24.2K | $6.8M | 0.2% | New |
| MSFT MICROSOFT CORP | Technology | 15.3K | $5.7M | 0.2% | -96.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 6, 2026 | 59 | $2.95B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 61 | $3.85B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 15, 2025 | 64 | $3.69B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR/ARESTATEMENT | Oct 15, 2025 | 66 | $3.21B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 27, 2025 | 67 | $3.20B | SEC ↗ | |
| Q1 2025 | 13F-HR | Oct 14, 2025 | 61 | $2.14B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Oct 15, 2025 | 68 | $3.01B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 21, 2025 | 62 | $2.75B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Oct 21, 2025 | 57 | $2.70B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Oct 21, 2025 | 57 | $2.79B | canonical | SEC ↗ |
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