Managers / Q4 2025 · view latest →
Fire Capital Management LLC
CIK 0002059571 · 100 PINE STREET, SUITE 460, SAN FRANCISCO, CA, 94111 · 415-828-0129
Summary
Fire Capital Management LLC reported $201M in U.S.-listed holdings across 117 positions for Q4 2025.
Its largest position, NVDA, represents 9.3% of the portfolio.
Compared with Q3 2025, the fund opened 21 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 · 65.5% · $131M
- ETP · 34.0% · $68M
- REIT · 0.4% · $721,593
- ADR · 0.2% · $303,890
- Equity WRT · 0.0% · $9,715
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| VGSHVANGUARD SCOTTSDALE FDS | NEW | +58.5K | 58.5K | +$3M | $3M |
| FRANKLIN TEMPLETON ETF TR | NEW | +59.1K | 59.1K | +$1M | $1M |
| ISHARES TR | NEW | +25.1K | 25.1K | +$1M | $1M |
| IBMINTERNATIONAL BUSINESS MACHS | NEW | +2.3K | 2.3K | +$670,916 | $670,916 |
| MUMICRON TECHNOLOGY INC | NEW | +1.9K | 1.9K | +$555,693 | $555,693 |
| JNJJOHNSON & JOHNSON | NEW | +2.3K | 2.3K | +$468,949 | $468,949 |
| SCHWSCHWAB CHARLES CORP | NEW | +3.6K | 3.6K | +$359,676 | $359,676 |
| UNHUNITEDHEALTH GROUP INC | NEW | +1.0K | 1.0K | +$336,382 | $336,382 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ISHARES TR | RUS 1000 ETF · RUSSELL 2000 ETF · ISHS 1-5YR INVS · CORE MSCI EAFE · ISHS 5-10YR INVT | 11.38% | $23M | 163.9K |
| 2 | NVDANVIDIA CORPORATIONhistory → | COM | 9.26% | $19M | 99.5K |
| 3 | VANGUARD INDEX FDS | S&P 500 ETF SHS · EXTEND MKT ETF | 3.87% | $8M | 16.2K |
| 4 | MSFTMICROSOFT CORPhistory → | COM | 3.67% | $7M | 15.2K |
| 5 | INVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT | 3.59% | $7M | 37.6K |
| 6 | AAPLAPPLE INChistory → | COM | 3.47% | $7M | 25.6K |
| 7 | JPMJPMORGAN CHASE & CO.history → | COM | 3.38% | $7M | 21.1K |
| 8 | VGSHVANGUARD SCOTTSDALE FDS | SHORT TERM TREAS · VNG RUS2000IDX | 3.33% | $7M | 91.1K |
| 9 | TSLATESLA INChistory → | COM | 3.03% | $6M | 13.5K |
| 10 | VANGUARD STAR FDS | VG TL INTL STK F | 2.80% | $6M | 74.5K |
| 11 | GQ9SPDR GOLD TRhistory → | GOLD SHS | 2.58% | $5M | 13.1K |
| 12 | AMZNAMAZON COM INChistory → | COM | 2.35% | $5M | 20.4K |
| 13 | BENFRANKLIN RESOURCES INChistory → | COM | 2.05% | $4M | 172.3K |
| 14 | SPDR S&P 500 ETF TR | TR UNIT | 1.76% | $4M | 5.2K |
| 15 | VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 1.73% | $3M | 64.6K |
| 16 | AXPAMERICAN EXPRESS COhistory → | COM | 1.60% | $3M | 8.7K |
| 17 | DEDEERE & COhistory → | COM | 1.44% | $3M | 6.2K |
| 18 | AVGOBROADCOM INChistory → | COM | 1.22% | $2M | 7.1K |
| 19 | CATCATERPILLAR INChistory → | COM | 1.22% | $2M | 4.3K |
| 20 | ISRGINTUITIVE SURGICAL INChistory → | COM NEW | 1.12% | $2M | 3.9K |
| 21 | EXMOCEXXON MOBIL CORPhistory → | COM | 1.10% | $2M | 18.3K |
| 22 | WMTWALMART INChistory → | COM | 1.07% | $2M | 19.3K |
| 23 | TMOTHERMO FISHER SCIENTIFIC INChistory → | COM | 1.02% | $2M | 3.5K |
| 24 | ANETARISTA NETWORKS INC | COM SHS | 0.98% | $2M | 15.1K |
| 25 | JANUS DETROIT STR TR | HENDERSON MTG | 0.95% | $2M | 41.5K |
| 26 | 4I1PHILIP MORRIS INTL INC | COM | 0.87% | $2M | 10.9K |
| 27 | SPDR SERIES TRUST | STATE STREET SPD | 0.87% | $2M | 65.7K |
| 28 | ORCLORACLE CORP | COM | 0.82% | $2M | 8.4K |
| 29 | LLYELI LILLY & CO | COM | 0.81% | $2M | 1.5K |
| 30 | UNPUNION PAC CORP | COM | 0.77% | $2M | 6.7K |
| 31 | COSTCOSTCO WHSL CORP NEW | COM | 0.75% | $1M | 1.7K |
| 32 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.74% | $1M | 2.9K |
| 33 | FRANKLIN TEMPLETON ETF TR | FRANKLIN DYN MUN | 0.73% | $1M | 59.1K |
| 34 | CRMSALESFORCE INC | COM | 0.69% | $1M | 5.2K |
| 35 | ZTSZOETIS INC | CL A | 0.68% | $1M | 10.9K |
| 36 | VVISA INC | COM CL A | 0.65% | $1M | 3.7K |
| 37 | METAMETA PLATFORMS INC | CL A | 0.63% | $1M | 1.9K |
| 38 | DISDISNEY WALT CO | COM | 0.61% | $1M | 10.7K |
| 39 | CASYCASEYS GEN STORES INC | COM | 0.60% | $1M | 2.2K |
| 40 | CLCOLGATE PALMOLIVE CO | COM | 0.59% | $1M | 14.9K |
| 41 | BLKBLACKROCK INC | COM | 0.58% | $1M | 1.1K |
| 42 | ROKROCKWELL AUTOMATION INC | COM | 0.58% | $1M | 3.0K |
| 43 | MDLZMONDELEZ INTL INC | CL A | 0.58% | $1M | 21.5K |
| 44 | LNGCHENIERE ENERGY INC | COM NEW | 0.57% | $1M | 5.9K |
Filing History
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 ↗.