2026 Q1 Portfolio Activity
In 2026 Q1, Munro Partners maintained a portfolio of 81 distinct positions. The most significant new addition was RTX CORPORATION, now representing 2.93% of the total fund value. They heavily accumulated shares in NVIDIA CORPORATION, increasing the position by 116.2%. The fund also reduced its exposure to MICROSOFT CORP by 96.0%.
Position History
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Total Positions
81
Quarter
2026 Q1
Top Holding
NVDA (9.8%)
Top 10 Concentration
51.9%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 81
Munro Partners Full Holdings List — 2026 Q1
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
NVDA
NVIDIA CORPORAT...
|
Technology | 9.77% | 8.44% |
#1
Prev: #1
|
6.4 |
—
|
-88,770 | -5.1% |
P
S
|
1,653,751 | $288,414,174 |
$167.09
+24.9%
|
2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | ||
|
GEV
GE VERNOVA INC
|
Industrials | 7.69% | 5.61% |
#2
Prev: #2
|
4.6 |
—
|
-70,405 | -21.3% |
P
S
|
259,933 | $226,895,516 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
AMZN
AMAZON COM INC
|
Consumer Cyclical | 5.64% | 5.55% |
#3
Prev: #3
|
3.8 |
—
|
-126,275 | -13.6% |
P
S
|
798,898 | $166,386,486 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
NEE
NEXTERA ENERGY ...
|
Utilities | 4.86% | 0.79% |
#4
28
Prev: #32
|
5.4 |
—
|
1,167,275 | 309.8% |
P
S
|
1,544,112 | $143,417,123 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
AVGO
BROADCOM INC
|
Technology | 4.28% | 1.14% |
#5
24
Prev: #29
|
5.2 |
—
|
281,720 | 222.4% |
P
S
|
408,396 | $126,402,646 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 4.25% | 4.67% |
#6
1
Prev: #5
|
1.7 |
—
|
-138,240 | -24.1% |
P
S
|
435,667 | $125,280,403 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
TKO
TKO GROUP HOLDI...
|
Communication Services | 4.17% | 3.87% |
#7
Prev: #7
|
2.2 |
—
|
-101,475 | -14.2% |
P
S
|
610,781 | $123,163,989 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
ETN
EATON CORP PLC
|
Industrials | 3.98% | 2.29% |
#8
11
Prev: #19
|
3.6 |
—
|
51,985 | 18.8% |
P
S
|
328,527 | $117,504,252 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
TRGP
TARGA RES CORP
|
Energy | 3.64% | 1.52% |
#9
17
Prev: #26
|
4.0 |
—
|
111,590 | 35.2% |
P
S
|
428,800 | $107,513,024 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
JCI
JOHNSON CONTROL...
|
Industrials | 3.58% | 2.78% |
#10
5
Prev: #15
|
1.9 |
—
|
-85,770 | -9.6% |
P
S
|
807,487 | $105,740,423 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
MA
MASTERCARD INCO...
|
Financial Services | 3.49% | 3.58% |
#11
1
Prev: #10
|
1.9 |
—
|
-35,360 | -14.6% |
P
S
|
206,114 | $102,986,921 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
LLY
ELI LILLY & CO
|
Healthcare | 3.18% | 1.08% |
#12
18
Prev: #30
|
4.3 |
—
|
63,555 | 165.0% |
P
S
|
102,075 | $93,885,523 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
FWONK
LIBERTY MEDIA C...
|
Communication Services | 3.08% | 3.63% |
#13
4
Prev: #9
|
1.2 |
—
|
-350,340 | -24.7% |
P
S
|
1,068,228 | $90,820,745 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
RTX
RTX CORPORATION
|
Industrials | 2.93% | — |
#14
Prev: #—
|
4.7 |
—
|
448,785 | — |
NEW
|
448,785 | $86,570,627 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
CIEN
CIENA CORP
|
Technology | 2.83% | 1.85% |
#15
6
Prev: #21
|
1.1 |
—
|
-89,455 | -29.4% |
P
S
|
214,975 | $83,459,744 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
HWM
HOWMET AEROSPAC...
|
Industrials | 2.80% | 0.35% |
#16
22
Prev: #38
|
4.1 |
—
|
293,194 | 449.1% |
P
S
|
358,477 | $82,614,609 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
STRL
STERLING INFRAS...
|
Industrials | 2.28% | — |
#17
Prev: #—
|
4.4 |
—
|
164,995 | — |
NEW
|
164,995 | $67,197,514 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
GE
GE AEROSPACE
|
Industrials | 2.19% | 2.50% |
#18
2
Prev: #16
|
0.9 |
—
|
-84,755 | -27.1% |
P
S
|
227,855 | $64,658,413 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
MCK
MCKESSON CORP
|
Healthcare | 2.02% | — |
#19
Prev: #—
|
4.3 |
—
|
68,765 | — |
NEW
|
68,765 | $59,506,480 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
LITE
LUMENTUM HLDGS ...
|
Technology | 1.75% | — |
#20
Prev: #—
|
4.2 |
—
|
73,395 | — |
NEW
|
73,395 | $51,579,070 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
BWXT
BWX TECHNOLOGIE...
|
Industrials | 1.71% | — |
#21
Prev: #—
|
4.2 |
—
|
246,220 | — |
NEW
|
246,220 | $50,349,528 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
PWR
QUANTA SVCS INC
|
Industrials | 1.67% | 0.84% |
#22
9
Prev: #31
|
2.7 |
—
|
13,680 | 17.9% |
P
S
|
90,002 | $49,412,898 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
CF
CF INDUSTRIES H...
|
Basic Materials | 1.64% | — |
#23
Prev: #—
|
4.2 |
—
|
372,730 | — |
NEW
|
372,730 | $48,395,263 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
LGN
LEGENCE CORP
|
Industrials | 1.43% | 1.56% |
#24
1
Prev: #25
|
0.6 |
—
|
-648,810 | -46.5% |
P
S
|
747,832 | $42,222,595 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
LIN
LINDE PLC
|
Basic Materials | 1.09% | 0.69% |
#25
9
Prev: #34
|
0.9 |
—
|
2,885 | 4.6% |
P
S
|
64,959 | $32,204,074 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
FIX
COMFORT SYS USA...
|
Industrials | 0.97% | 0.57% |
#26
10
Prev: #36
|
0.9 |
—
|
-2,730 | -11.6% |
P
S
|
20,704 | $28,550,609 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
DRS
LEONARDO DRS IN...
|
Industrials | 0.95% | 0.29% |
#27
14
Prev: #41
|
3.4 |
—
|
298,820 | 91.1% |
P
S
|
626,915 | $27,910,256 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
BIP
BROOKFIELD INFR...
|
Bond/Debt | 0.87% | 0.32% |
#28
11
Prev: #39
|
3.3 |
—
|
355,645 | 99.8% |
P
S
|
711,885 | $25,713,286 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
MOD
MODINE MFG CO
|
Consumer Cyclical | 0.87% | — |
#29
Prev: #—
|
3.8 |
—
|
118,320 | — |
NEW
|
118,320 | $25,641,127 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
VRT
VERTIV HOLDINGS...
|
Industrials | 0.79% | 0.57% |
#30
5
Prev: #35
|
0.3 |
—
|
-42,075 | -31.1% |
P
S
|
93,015 | $23,307,699 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
GFL
GFL ENVIRONMENT...
|
Industrials | 0.74% | 0.73% |
#31
2
Prev: #33
|
0.3 |
—
|
-138,220 | -21.0% |
P
S
|
520,187 | $21,702,202 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
CRH
CRH PLC
|
Basic Materials | 0.65% | 3.57% |
#32
21
Prev: #11
|
0.3 |
—
|
-919,320 | -83.4% |
P
S
|
183,080 | $19,245,370 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
CCJ
CAMECO CORP
|
Energy | 0.61% | 0.20% |
#33
14
Prev: #47
|
3.2 |
—
|
80,495 | 95.0% |
P
S
|
165,265 | $17,949,432 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
CW
CURTISS WRIGHT ...
|
Industrials | 0.58% | 0.27% |
#34
8
Prev: #42
|
2.7 |
—
|
6,370 | 33.8% |
P
S
|
25,190 | $17,157,413 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
PRIM
PRIMORIS SVCS C...
|
Industrials | 0.54% | — |
#35
Prev: #—
|
3.7 |
—
|
112,170 | — |
NEW
|
112,170 | $16,044,797 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
IBKR
INTERACTIVE BRO...
|
Financial Services | 0.50% | 0.20% |
#36
12
Prev: #48
|
3.2 |
—
|
99,005 | 82.2% |
P
S
|
219,390 | $14,714,487 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
CEG
CONSTELLATION E...
|
Utilities | 0.47% | 4.40% |
#37
31
Prev: #6
|
0.2 |
—
|
-429,207 | -89.6% |
P
S
|
50,050 | $13,976,463 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
ROAD
CONSTRUCTION PA...
|
Industrials | 0.47% | 0.22% |
#38
8
Prev: #46
|
3.2 |
—
|
46,760 | 59.3% |
P
S
|
125,575 | $13,953,894 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
HEI
HEICO CORP NEW
|
Industrials | 0.45% | 2.39% |
#39
21
Prev: #18
|
0.2 |
—
|
-236,448 | -83.0% |
P
S
|
48,450 | $13,284,990 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
AIR
AAR CORP
|
Industrials | 0.44% | 0.23% |
#40
4
Prev: #44
|
2.2 |
—
|
10,930 | 10.1% |
P
S
|
119,225 | $13,050,369 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
CLH
CLEAN HARBORS I...
|
Industrials | 0.40% | 0.52% |
#41
4
Prev: #37
|
0.2 |
—
|
-45,090 | -52.6% |
P
S
|
40,669 | $11,661,022 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
COHR
COHERENT CORP
|
Technology | 0.33% | 0.19% |
#42
8
Prev: #50
|
0.6 |
—
|
1,115 | 2.8% |
P
S
|
41,305 | $9,839,264 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
NI
NISOURCE INC
|
Utilities | 0.33% | — |
#43
Prev: #—
|
3.6 |
—
|
209,530 | — |
NEW
|
209,530 | $9,776,670 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
NVMI
NOVA LTD
|
Technology | 0.32% | 0.31% |
#44
4
Prev: #40
|
0.1 |
—
|
-15,030 | -41.2% |
P
S
|
21,450 | $9,315,306 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
POWL
POWELL INDS INC
|
Industrials | 0.27% | — |
#45
Prev: #—
|
3.6 |
—
|
14,680 | — |
NEW
|
14,680 | $7,943,054 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
NXT
NEXTPOWER INC
|
Technology | 0.27% | — |
#46
Prev: #—
|
3.6 |
—
|
65,635 | — |
NEW
|
65,635 | $7,912,299 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
VVX
V2X INC
|
Industrials | 0.26% | — |
#47
Prev: #—
|
3.6 |
—
|
110,485 | — |
NEW
|
110,485 | $7,568,223 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
SOLS
SOLSTICE ADVANC...
|
Basic Materials | 0.24% | — |
#48
Prev: #—
|
3.6 |
—
|
94,700 | — |
NEW
|
94,700 | $7,212,352 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
AGX
ARGAN INC
|
Industrials | 0.24% | — |
#49
Prev: #—
|
3.6 |
—
|
13,225 | — |
NEW
|
13,225 | $7,202,996 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-06 | |||
|
CBOE
CBOE GLOBAL MKT...
|
Financial Services | 0.23% | — |
#50
Prev: #—
|
3.6 |
—
|
24,235 | — |
NEW
|
24,235 | $6,811,731 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-06 |
Showing 1-50 of 81 holdings