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Asset Manager ← All Institutions

FIRETRAIL INVESTMENTS PTY LTD

SUITE 1702, LEVEL 17 1 MACQUARIE PLACE, SYDNEY, NSW, C3 2000 • 1300360306

Q2 2025 · Filed 2025-08-05
Market Value
$371M
+11.6%
Holdings
27
+1
New Purchases
3
Added To
3
Closed
2
Reduced
19
Top 10 Concentration
57.1%
Turnover
18.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MA 5.10% 0.00% +5.10% $19M
MTN 3.74% 0.00% +3.74% $14M
NVDA 8.30% 6.50% +1.80% $31M
FICO 1.56% 0.00% +1.56% $6M
AMD 3.79% 2.55% +1.24% $14M
TSM 6.59% 5.56% +1.02% $24M
IBKR 6.27% 5.41% +0.87% $23M
TT 3.85% 3.44% +0.41% $14M
BKNG 4.94% 4.54% +0.40% $18M
FERG 2.68% 2.31% +0.36% $10M
NOW 3.13% 2.82% +0.31% $12M
ICLR 2.09% 1.79% +0.30% $8M
GXO 2.96% 2.71% +0.25% $11M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
V 0.00% 6.64% -6.64% $0
RYN 1.43% 3.54% -2.11% $5M
AAPL 8.06% 10.05% -1.99% $30M
BLDR 0.00% 1.65% -1.65% $0
ANTM 2.78% 3.61% -0.84% $10M
AZO 4.03% 4.79% -0.76% $15M
RYAN 2.51% 3.18% -0.66% $9M
TENB 2.78% 3.36% -0.57% $10M
ALC 2.61% 3.18% -0.57% $10M
AMT 3.76% 4.30% -0.53% $14M
ECL 3.94% 4.30% -0.36% $15M
DE 4.89% 5.21% -0.32% $18M
MCK 4.99% 5.30% -0.30% $19M
DAR 3.23% 3.28% -0.05% $12M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 39.5%
Consumer Cyclical 14.1%
Healthcare 12.8%
Financial Services 11.8%
Industrials 10.9%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 6 $118M 31.8%
Large Cap 13 $183M 49.4%
Mid Cap 8 $69M 18.7%

Portfolio Analytics

Avg Market Cap
$550.6B
Median Market Cap
$85.7B
Avg P/E
34.5
Median P/E
30.1
Avg Dividend Yield
0.01%
Avg Beta
1.09
# Stocks
27
# ETFs / Funds
0

Top Holdings (27 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 8.30% 195,649 $31M $157.41 $9M -1,640 -0.8%
2 AAPL 8.06% 146,200 $30M $204.42 -$4M -2,555 -1.7%
3 TSM 6.59% 108,263 $24M $225.66 $6M -1,929 -1.8%
4 IBKR 6.27% 421,471 $23M $55.21 $5M +314,171 +292.8%
5 MA 5.10% 33,759 $19M $559.88 +33,759 NEW
6 MCK 4.99% 25,371 $19M $730.10 $919K -507 -2.0%
7 BKNG 4.94% 3,174 $18M $5,768.03 $3M -65 -2.0%
8 DE 4.89% 35,775 $18M $506.63 $810K -720 -2.0%
9 AZO 4.03% 4,037 $15M $3,698.63 -$974K -90 -2.2%
10 ECL 3.94% 54,474 $15M $268.45 $341K -1,258 -2.3%
11 TT 3.85% 32,795 $14M $435.81 $3M -763 -2.3%
12 AMD 3.79% 99,454 $14M $141.38 $6M +17,912 +22.0%
13 AMT 3.76% 63,375 $14M $220.21 -$317K -1,512 -2.3%
14 MTN 3.74% 88,548 $14M $156.55 +88,548 NEW
15 DAR 3.23% 316,462 $12M $37.80 $1M -28,682 -8.3%
16 NOW 3.13% 11,334 $12M $1,024.31 $2M -316 -2.7%
17 GXO 2.96% 226,261 $11M $48.52 $2M -1,819 -0.8%
18 TENB 2.78% 306,729 $10M $33.66 -$826K -8,580 -2.7%
19 ANTM 2.78% 26,560 $10M $387.54 -$2M -744 -2.7%
20 FERG 2.68% 45,793 $10M $216.95 $2M -1,676 -3.5%
21 ALC 2.61% 110,167 $10M $87.82 -$875K -805 -0.7%
22 RYAN 2.51% 137,533 $9M $67.74 -$1M -3,813 -2.7%
23 ICLR 2.09% 53,453 $8M $144.92 $2M +19,847 +59.1%
24 FICO 1.56% 3,181 $6M $1,821.26 +3,181 NEW
25 RYN 1.43% 239,578 $5M $22.10 -$6M -177,626 -42.6%
26 BLDR —% -$5M -43,335 -100.0% SOLD
27 V —% -$22M -62,257 -100.0% SOLD

New Positions

SymbolValue% Port
MA $19M 5.10%
MTN $14M 3.74%
FICO $6M 1.56%

Sold Out Positions

SymbolValue% Port
BLDR —%
V —%
View SEC EDGAR Filings for FIRETRAIL INVESTMENTS PTY LTD →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms