Managers / Q3 2025 · view latest →
FIRETRAIL INVESTMENTS PTY LTD
CIK 0001943822 · SUITE 1702, LEVEL 17, 1 MACQUARIE PLACE, SYDNEY, NSW, C3, 2000 · 1300360306
Summary
Firetrail Investments Pty Ltd reported $399M in U.S.-listed holdings across 28 positions for Q3 2025.
Its largest position, NVDA, represents 8.9% of the portfolio.
Compared with Q2 2025, the fund opened 4 new positions and exited 2.
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 · 79.8% · $319M
- Other · 11.6% · $46M
- ADR · 7.0% · $28M
- REIT · 1.6% · $6M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| DUTMoody's Corp | NEW | +19.2K | 19.2K | +$9M | $9M |
| KEYSKeysight Technologies Inc | NEW | +43.7K | 43.7K | +$8M | $8M |
| JPMJPMorgan Chase & Co | NEW | +23.8K | 23.8K | +$7M | $7M |
| WFCWells Fargo & Co | NEW | +57.8K | 57.8K | +$5M | $5M |
| FICOFair Isaac Corp | ADDED | +5.2K | 8.4K | +$7M | $12M |
| AMTAmerican Tower Corp | SOLD OUT | −63.4K | 0 | −$14M | $0 |
| RYANRyan Specialty Holdings Inc | SOLD OUT | −137.5K | 0 | −$9M | $0 |
| IBKRInteractive Brokers Group Inc | TRIMMED | −171.7K | 249.7K | −$6M | $17M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2025
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 ↗.