1y return+26.1%S&P 500 +20.9%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2023: $159 against $157 in the S&P 500.2
Firetrail Investments Pty LtdS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| AAPLApple Inc | $29.1M | 8.2% | −2.1% |
| AMDAdvanced Micro Devices Inc | $27.3M | 7.7% | −37.8% |
| TSMTaiwan Semiconductor Manufactu | $25.2M | 7.1% | −28.5% |
| AMZNAmazon.com Inc | $23.7M | 6.7% | −2.4% |
| Lithium Argentina AGCUSIP H5012F103 | $17.5M | 4.9% | New |
| NVDANVIDIA Corp | $16.4M | 4.6% | −2.5% |
| DEDeere & Co | $14.6M | 4.1% | −2.5% |
| MAMastercard Inc | $12.5M | 3.5% | −2.4% |
| ELVElevance Health Inc | $12.1M | 3.4% | −2.5% |
| Icon PLCCUSIP G4705A100 | $12.0M | 3.4% | +20.8% |
| MCKMcKesson Corp | $11.9M | 3.4% | −2.5% |
| CDNSCadence Design Systems Inc | $10.9M | 3.1% | +55.8% |
| ECLEcolab Inc | $10.5M | 3.0% | −2.3% |
| Trane Technologies PLCCUSIP G8994E103 | $9.8M | 2.8% | −2.4% |
| Aptiv PLCCUSIP G3265R107 | $9.6M | 2.7% | +14.5% |
| WYWeyerhaeuser Co | $9.5M | 2.7% | −2.4% |
| KEYSKeysight Technologies Inc | $9.4M | 2.6% | −30.6% |
| AZOAutoZone Inc | $9.3M | 2.6% | −1.7% |
| MTNVail Resorts Inc | $9.0M | 2.5% | −2.4% |
| DARDarling Ingredients Inc | $8.9M | 2.5% | −2.4% |
| IBKRInteractive Brokers Group Inc | $8.7M | 2.5% | −2.5% |
| TENBTenable Holdings Inc | $8.4M | 2.4% | −2.5% |
| MSFTMicrosoft Corp | $7.1M | 2.0% | New |
| GXOGXO Logistics Inc | $6.3M | 1.8% | −28.2% |
| JPMJPMorgan Chase & Co | $5.7M | 1.6% | −2.8% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| IBKRInteractive Brokers Group Inc | December 31, 2023 | +320.0% | $8.7M |
| AMDAdvanced Micro Devices Inc | June 30, 2024 | +258.1% | $27.3M |
| TSMTaiwan Semiconductor Manufactu | June 30, 2024 | +174.8% | $25.2M |
| KEYSKeysight Technologies Inc | September 30, 2025 | +100.1% | $9.4M |
| NVDANVIDIA Corp | September 30, 2024 | +64.8% | $16.4M |
| MCKMcKesson Corp | December 31, 2023 | +63.2% | $11.9M |
| DEDeere & Co | September 30, 2024 | +52.0% | $14.6M |
| Trane Technologies PLCCUSIP G8994E103 | June 30, 2024 | +49.3% | $9.8M |
| ECLEcolab Inc | December 31, 2023 | +40.5% | $10.5M |
| AAPLApple Inc | September 30, 2024 | +24.2% | $29.1M |
Sold off last quarter
- FICOFair Isaac Corp was $4.0M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +22.5% | +14.8% |
| March 31, 2026 | −3.2% | −4.6% |
| December 31, 2025 | +1.1% | +2.4% |
| September 30, 2025 | +5.3% | +7.8% |
| June 30, 2025 | +11.5% | +10.5% |
| March 31, 2025 | −2.5% | −4.6% |
| December 31, 2024 | −0.8% | +2.1% |
| September 30, 2024 | +3.3% | +5.4% |
| June 30, 2024 | +0.5% | +4.0% |
| March 31, 2024 | +12.3% | +10.0% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Firetrail Investments Pty Ltd Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1943822&type=13F-HR&dateb=&owner=include&count=40CIK 1943822
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1943822/000194382226000004/Filed August 7, 2026 · accession 0001943822-26-000004