Managers / Q1 2026
FIRETRAIL INVESTMENTS PTY LTD
CIK 0001943822 · SUITE 1702, LEVEL 17, 1 MACQUARIE PLACE, SYDNEY, NSW, C3, 2000 · 1300360306
Summary
Firetrail Investments Pty Ltd reported $293M in U.S.-listed holdings across 28 positions for Q1 2026.
Its largest position, AAPL, represents 8.9% of the portfolio.
Compared with Q4 2025, the fund opened 0 new positions and exited 1.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 77.5% · $227M
- Other · 10.5% · $31M
- ADR · 8.6% · $25M
- REIT · 3.4% · $10M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| AMZNAmazon.com Inc | ADDED | +55.5K | 102.4K | +$10M | $21M |
| BKNGBooking Holdings Inc | SOLD OUT | −2.2K | 0 | −$12M | $0 |
| CDNSCadence Design Systems Inc | ADDED | +7.2K | 18.7K | +$2M | $5M |
| NOWServiceNow Inc | ADDED | +17.0K | 58.5K | −$262,012 | $6M |
| DUTMoody's Corp | TRIMMED | −8.0K | 11.8K | −$5M | $5M |
| WYWeyerhaeuser Co | ADDED | +92.2K | 410.1K | +$2M | $10M |
| DARDarling Ingredients Inc | TRIMMED | −61.1K | 168.6K | +$2M | $10M |
| FICOFair Isaac Corp | TRIMMED | −1.3K | 3.8K | −$5M | $4M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $293M | 28 | May 5, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $305M | 29 | Feb 4, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $399M | 28 | Nov 5, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $383M | 26 | Aug 5, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $343M | 25 | May 7, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $334M | 23 | Feb 5, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $347M | 27 | Nov 6, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $330M | 27 | Aug 8, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $122M | 19 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $136M | 22 | Feb 9, 2024 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.