FIRETRAIL INVESTMENTS PTY LTD

CIK

1943822

Location

BRISBANE, QLD, C3

Portfolio Value

Small $356,833,226

Diversification

Diversified

Filing Date

Global Rank

#4,686 / 8,815 ▲ 168

Top Industry

Semiconductors 19.4%

Period ended 4 months ago

Filed Aug 7, 2026 · 3mo

11 quarters · since Dec 2023

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 53.7%, 23.2 effective positions, active share 77.4% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

35.9% over the last four quarters (30% to under 100%)

Horizon

Medium horizon

Value-weighted holding period 6.9 quarters (4 to under 12)

Closest benchmark: the S&P 500 as of 2026-06-30, active share 77.4%; sector active share 27.7% against the combined 13F book's sector weights.

Over time 11 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

32 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

8.2%

−0.7 pts

Top 5

34.6%

−0.5 pts

Top 10

53.7%

−2.4 pts

HHI

430

Diversified−36

Portfolio Trend

11 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	41.1%	$146,610,051	11
Consumer Cyclical	14.5%	$51,889,987	4
Healthcare	11.7%	$41,853,982	4
Financial Services	10.1%	$35,914,382	5
Industrials	8.6%	$30,856,742	3
Basic Materials	7.9%	$28,219,663	2
Real Estate	2.7%	$9,581,506	1
Consumer Defensive	2.5%	$8,984,607	1
Energy	0.8%	$2,922,306	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
APTV	Aptiv PLC	+20,070	158,155	$9,707,553
ICLR	Icon PLC	+12,000	69,624	$12,094,385
CDNS	Cadence Design Systems Inc	+10,430	29,116	$10,927,817
No positions match the current search.

Trimmed

Positions the filer reduced

24 positions

Ticker	Company	Δ Shares	Shares	Value
GXO	GXO Logistics, Inc.	−48,980	124,971	$6,336,029
AMD	Advanced Micro Devices Inc	−28,800	47,326	$27,492,146
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−21,200	53,127	$25,371,861
KEYS	Keysight Technologies, Inc.	−11,840	26,873	$9,407,431
WY	Weyerhaeuser Co	−9,900	400,230	$9,581,506
TENB	Tenable Holdings, Inc.	−5,800	228,861	$8,440,393
DAR	Darling Ingredients Inc.	−4,100	164,493	$8,984,607
IBKR	Interactive Brokers Group, Inc.	−2,600	100,659	$8,761,359
AMZN	Amazon Com Inc	−2,500	99,939	$23,819,461
AAPL	Apple Inc.	−2,150	101,080	$29,248,508
NVDA	Nvidia Corp	−2,100	82,366	$16,480,612
ALC	Alcon Inc	−2,100	82,629	$5,544,405
MTN	Vail Resorts Inc	−1,600	66,330	$9,030,829
NOW	ServiceNow, Inc.	−1,400	57,097	$5,668,590
WFC	Wells Fargo & Company	−1,100	43,465	$3,591,947
ECL	Ecolab Inc.	−900	37,942	$10,571,020
ELV	Elevance Health, Inc.	−800	31,530	$12,193,596
DE	Deere & Co	−600	23,102	$14,654,291
MA	Mastercard Inc	−600	24,502	$12,584,227
TT	Trane Technologies plc	−500	20,088	$9,866,422
JPM	Jpmorgan Chase & Co	−500	17,672	$5,784,575
MCK	Mckesson Corp	−400	15,910	$12,021,596
MCO	Moodys Corp	−300	11,464	$5,192,274
AZO	Autozone Inc	−50	2,920	$9,332,144
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
LAR	Lithium Argentina AG	2,134,056	$17,648,643
MSFT	Microsoft Corp	19,160	$7,147,063
MDB	MongoDB, Inc.	13,420	$4,507,778
ISOU	IsoEnergy Ltd.	293,110	$2,922,306
IBM	International Business Machines Corp	6,820	$1,917,852
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
FICO	Fair Isaac Corp	3,790	$4,045,976
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

32 tracked positions · $356,833,226 total · filing declares 32 positions · $354,714,827 · as of Jun 30, 2026

All sectors Basic Materials Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	101,080	-2,150	$29,248,508	+11.6%	8	$224.61	8.20%
AMD	Advanced Micro Devices Inc Technology	Reduced	47,326	-28,800	$27,492,146	+77.5%	9	$150.58	7.70%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	53,127	-21,200	$25,371,861	+1.0%	9	$158.37	7.11%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	99,939	-2,500	$23,819,461	+11.6%	3	$224.12	6.68%
LAR	Lithium Argentina AG Basic Materials	NEW	2,134,056	NEW	$17,648,643	NEW	1	$9.27	4.95%
NVDA	Nvidia Corp Technology	Reduced	82,366	-2,100	$16,480,612	+11.9%	8	$123.77	4.62%
DE	Deere & Co Industrials	Reduced	23,102	-600	$14,654,291	+9.8%	8	$393.10	4.11%
MA	Mastercard Inc Financial Services	Reduced	24,502	-600	$12,584,227	+0.3%	5	$553.02	3.53%
ELV	Elevance Health, Inc. Healthcare	Reduced	31,530	-800	$12,193,596	+28.8%	11	before history	3.42%
ICLR	Icon PLC Healthcare	Added	69,624	+12,000	$12,094,385	+89.7%	6	$165.05	3.39%
MCK	Mckesson Corp Healthcare	Reduced	15,910	-400	$12,021,596	−14.8%	11	before history	3.37%
CDNS	Cadence Design Systems Inc Technology	Added	29,116	+10,430	$10,927,817	+110.5%	3	$328.07	3.06%
ECL	Ecolab Inc. Basic Materials	Reduced	37,942	-900	$10,571,020	+2.3%	11	before history	2.96%
TT	Trane Technologies plc Industrials	Reduced	20,088	-500	$9,866,422	+15.0%	9	$335.69	2.76%
APTV	Aptiv PLC Consumer Cyclical	Added	158,155	+20,070	$9,707,553	+1.2%	6	$63.70	2.72%
WY	Weyerhaeuser Co Real Estate	Reduced	400,230	-9,900	$9,581,506	−4.4%	3	$23.58	2.69%
KEYS	Keysight Technologies, Inc. Technology	Reduced	26,873	-11,840	$9,407,431	−13.9%	4	$170.73	2.64%
AZO	Autozone Inc Consumer Cyclical	Reduced	2,920	-50	$9,332,144	−7.0%	11	before history	2.62%
MTN	Vail Resorts Inc Consumer Cyclical	Reduced	66,330	-1,600	$9,030,829	+3.6%	5	$147.97	2.53%
DAR	Darling Ingredients Inc. Consumer Defensive	Reduced	164,493	-4,100	$8,984,607	−13.8%	11	before history	2.52%
IBKR	Interactive Brokers Group, Inc. Financial Services	Reduced	100,659	-2,600	$8,761,359	+26.5%	11	before history	2.46%
TENB	Tenable Holdings, Inc. Technology	Reduced	228,861	-5,800	$8,440,393	+112.6%	11	before history	2.37%
MSFT	Microsoft Corp Technology	NEW	19,160	NEW	$7,147,063	NEW	1	$404.60	2.00%
GXO	GXO Logistics, Inc. Industrials	Reduced	124,971	-48,980	$6,336,029	−29.8%	9	$50.82	1.78%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	17,672	-500	$5,784,575	+8.2%	4	$297.72	1.62%
NOW	ServiceNow, Inc. Technology	Reduced	57,097	-1,400	$5,668,590	−7.3%	6	$170.87	1.59%
ALC	Alcon Inc Healthcare	Reduced	82,629	-2,100	$5,544,405	−13.2%	8	$92.78	1.55%
MCO	Moodys Corp Financial Services	Reduced	11,464	-300	$5,192,274	+1.2%	4	$503.66	1.46%
MDB	MongoDB, Inc. Technology	NEW	13,420	NEW	$4,507,778	NEW	1	$299.91	1.26%
WFC	Wells Fargo & Company Financial Services	Reduced	43,465	-1,100	$3,591,947	+1.2%	4	$81.32	1.01%
ISOU	IsoEnergy Ltd. Energy	NEW	293,110	NEW	$2,922,306	NEW	1	$11.22	0.82%
IBM	International Business Machines Corp Technology	NEW	6,820	NEW	$1,917,852	NEW	1	$251.95	0.54%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.