FIRETRAIL INVESTMENTS PTY LTD

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, FIRETRAIL INVESTMENTS PTY LTD maintained a portfolio of 31 distinct positions. The most significant new addition to the portfolio was Amazon.com Inc, which now represents 3.57% of the total fund value. Conversely, FIRETRAIL INVESTMENTS PTY LTD completely exited their position in Rayonier Inc.
PCA Score Concentration Risk
Risk ENB
Total Positions
31
Quarter
2025 Q4
Top Holding
AAPL (9.1%)
Top 10 Concentration
52.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-31 of 31
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
AAPL
Apple Inc
Technology 9.13% 8.82% #1 1
Prev: #2
5.7 -37,361 -26.8%
P
S
101,954 $27,852,319 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
Taiwan Semicond...
Technology 7.36% 6.98% #2 1
Prev: #3
4.4 -26,958 -26.8%
P
S
73,536 $22,455,782 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MA
Mastercard Inc
Financial Services 5.20% 4.73% #3 1
Prev: #4
3.6 -5,806 -17.3%
P
S
27,672 $15,874,394 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AMD
Advanced Micro ...
Technology 5.13% 3.97% #4 6
Prev: #10
2.6 -26,051 -26.4%
P
S
72,700 $15,645,323 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA Corp
Technology 4.95% 8.91% #5 4
Prev: #1
2.5 -111,599 -58.1%
P
S
80,584 $15,102,173 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MCK
McKesson Corp
Healthcare 4.86% 4.71% #6 1
Prev: #5
1.9 -6,524 -26.6%
P
S
17,996 $14,833,894 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DE
Deere & Co
Industrials 4.46% 4.05% #7 2
Prev: #9
2.3 -6,562 -18.4%
P
S
29,085 $13,607,108 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BKNG
Booking Holding...
Consumer Cyclical 3.90% 4.08% #8
Prev: #8
1.6 -823 -27.1%
P
S
2,214 $11,914,495 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ECL
Ecolab Inc
Basic Materials 3.77% 3.69% #9 3
Prev: #12
2.0 -10,652 -19.6%
P
S
43,627 $11,508,786 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
Amazon.com Inc
Consumer Cyclical 3.57% #10
Prev: #—
4.9 46,954 no change
NEW
46,954 $10,890,751 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ELV
Elevance Health...
Healthcare 3.55% 2.13% #11 12
Prev: #23
3.4 4,291 16.2%
P
S
30,755 $10,833,717 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MCO
Moody's Corp
Financial Services 3.32% 2.27% #12 9
Prev: #21
1.8 527 2.7%
P
S
19,732 $10,129,227 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ICLR
ICON PLC
Healthcare 3.30% 2.32% #13 7
Prev: #20
1.8 1,711 3.2%
P
S
54,976 $10,066,557 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
APTV
Aptiv PLC
Consumer Cyclical 3.29% 3.84% #14 3
Prev: #11
1.3 -48,143 -26.8%
P
S
131,234 $10,034,269 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AZO
AutoZone Inc
Consumer Cyclical 3.17% 4.13% #15 8
Prev: #7
1.3 -1,039 -26.8%
P
S
2,834 $9,658,361 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GXO
GXO Logistics I...
Industrials 2.88% 2.96% #16
Prev: #16
1.2 -59,432 -26.4%
P
S
166,041 $8,783,002 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MTN
Vail Resorts In...
Consumer Cyclical 2.83% 3.26% #17 3
Prev: #14
1.1 -23,162 -26.4%
P
S
64,639 $8,625,901 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
FICO
Fair Isaac Corp
Technology 2.82% 3.12% #18 3
Prev: #15
1.1 -3,323 -39.6%
P
S
5,063 $8,601,332 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DAR
Darling Ingredi...
Consumer Defensive 2.72% 2.42% #19
Prev: #19
1.1 -85,592 -27.1%
P
S
229,733 $8,310,701 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TT
Trane Technolog...
Industrials 2.51% 3.43% #20 7
Prev: #13
1.0 -13,093 -40.1%
P
S
19,584 $7,659,246 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
WY
Weyerhaeuser Co
Real Estate 2.48% #21
Prev: #—
4.5 317,891 no change
NEW
317,891 $7,567,546 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
KEYS
Keysight Techno...
Technology 2.46% 1.90% #22 3
Prev: #25
1.5 -6,859 -15.7%
P
S
36,826 $7,519,148 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ALC
Alcon AG
Healthcare 2.12% 2.03% #23 1
Prev: #24
0.8 -29,166 -26.6%
P
S
80,612 $6,469,762 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NOW
ServiceNow Inc
Technology 2.09% 2.58% #24 7
Prev: #17
3.8 30,161 267.1%
P
S
41,455 $6,381,446 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
IBKR
Interactive Bro...
Financial Services 2.08% 4.27% #25 19
Prev: #6
0.8 -151,514 -60.7%
P
S
98,226 $6,347,705 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
JPM
JPMorgan Chase ...
Financial Services 1.83% 1.86% #26
Prev: #26
0.7 -6,506 -27.4%
P
S
17,262 $5,589,274 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TENB
Tenable Holding...
Technology 1.73% 2.22% #27 5
Prev: #22
0.7 -82,696 -27.1%
P
S
222,946 $5,271,490 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
WFC
Wells Fargo & C...
Financial Services 1.30% 1.20% #28
Prev: #28
0.5 -15,382 -26.6%
P
S
42,413 $3,972,160 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CDNS
Cadence Design ...
Technology 1.19% #29
Prev: #—
4.0 11,525 no change
NEW
11,525 $3,620,044 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
RYN
Rayonier Inc
Real Estate 0.00% 1.57%
Sold All 😨
(Was: #27)
0.0 -238,735 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FERG
Ferguson Enterp...
Industrials 0.00% 2.53%
Sold All 😨
(Was: #18)
0.0 -45,352 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-31 of 31 holdings

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