Munro Partners
MELBOURNE, C3
$4.4bn in 59 US stocks at the end of 30 June 2026. The top 10 are 45.0% of the money. It changed about 38.6% of the portfolio this quarter.
Value
$4.4bn
Stocks
59
Top 10 share
45.0%
Turnover
38.6%
What changed this quarter
New
Bought for the first time this quarter.
- Applied MaterialsAMAT4.6% of the fund
- FlexFLEX3.0% of the fund
- Micron TechnologyMU2.6% of the fund
- Advanced Micro DevicesAMD2.3% of the fund
- WoodwardWWD2.2% of the fund
- Williams CompaniesWMB2.1% of the fund
- CognexCGNX1.7% of the fund
- ARM HoldingsARM1.6% of the fund
- InnioINIO1.6% of the fund
- Onto InnovationONTO1.2% of the fund
- Marvell TechnologyMRVL1.2% of the fund
- Advanced Energy IndustriesAEIS1.1% of the fund
- Ultra Clean HoldingsUCTT0.6% of the fund
- QualcommQCOM0.5% of the fund
- MYR GroupMYRG0.3% of the fund
- Tower SemiconductorTSEM0.3% of the fund
- SandiskSNDK0.3% of the fund
- RedditRDDT0.3% of the fund
- BorgwarnerBWA0.3% of the fund
- UL SolutionsULS0.1% of the fund
- Viavi SolutionsVIAV0.1% of the fund
- Allegro MicrosystemsALGM<0.1% of the fund
Added
Bought more of a stock they already held.
- AlphabetGOOGL5.1% of the fund+43%
- Amazon.comAMZN5.0% of the fund+15%
- Quanta ServicesPWR4.5% of the fund+207%
- MastercardMA3.6% of the fund+50%
- Johnson Controls InternationalJCI3.2% of the fund+18%
- Lumentum HoldingsLITE3.1% of the fund+118%
- Howmet AerospaceHWM3.0% of the fund+35%
- Modine ManufacturingMOD2.7% of the fund+275%
- General ElectricGE2.6% of the fund+35%
- Liberty MediaFWONK2.4% of the fund+4%
- RTXRTX2.3% of the fund+21%
- LegenceLGN1.5% of the fund+4%
- Comfort Systems USAFIX1.4% of the fund+46%
- LindeLIN1.2% of the fund+62%
- Clean HarborsCLH1.0% of the fund+268%
- Powell IndustriesPOWL0.8% of the fund+171%
- CamecoCCJ0.7% of the fund+85%
- TeradyneTER0.6% of the fund+231%
- Solstice Advanced MaterialsSOLS0.5% of the fund+183%
- NisourceNI0.5% of the fund+121%
- NovaNVMI0.5% of the fund+72%
- AARAIR0.5% of the fund+17%
- NextpowerNXT0.4% of the fund+153%
Cut
Sold some of their stake.
- NvidiaNVDA6.7% of the fund-10%
- GE VernovaGEV5.8% of the fund-16%
- BroadcomAVGO3.3% of the fund-5%
- Eli LillyLLY2.6% of the fund-5%
- TKO Group HoldingsTKO2.6% of the fund-8%
- NextEra EnergyNEE1.1% of the fund-64%
- Leonardo DRSDRS0.5% of the fund-19%
- CienaCIEN0.4% of the fund-82%
- HeicoHEI0.4% of the fund-6%
- Brookfield Infrastructure PABIP0.4% of the fund-40%
- Vertiv HoldingsVRT0.3% of the fund-58%
- CRH PublicCRH0.3% of the fund-38%
- Targa ResourcesTRGP0.3% of the fund-90%
- Interactive Brokers GroupIBKR0.2% of the fund-43%
Sold out
Sold their entire stake.
- EatonETN-100%
- Sterling InfrastructureSTRL-100%
- MckessonMCK-100%
- BWX TechnologiesBWXT-100%
- CF Industries HoldingsCF-100%
- GFL EnvironmentalGFL-100%
- Curtiss WrightCW-100%
- Primoris ServicesPRIM-100%
- Constellation EnergyCEG-100%
- Construction PartnersROAD-100%
- CoherentCOHR-100%
- V2XVVX-100%
- ArganAGX-100%
- Cboe Global MktsCBOE-100%
- MicrosoftMSFT-100%
- RambusRMBS-100%
- CelesticaCLS-100%
- LittelfuseLFUS-100%
- MedlineMDLN-100%
- Forgent Power SolutionsFPS-100%
- SharkNinjaSN-100%
- Meta PlatformsMETA-100%
Holdings
- ARM HoldingsARM
- Share
- 1.6%
- Value
- $69m
- Shares
- 193,733
New
- InnioINIO
- Share
- 1.6%
- Value
- $69m
- Shares
- 1,736,315
New
- CamecoCCJ
- Share
- 0.7%
- Value
- $31m
- Shares
- 306,375
+85%
- Brookfield Infrastructure PABIP
- Share
- 0.4%
- Value
- $16m
- Shares
- 428,502
-40%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| NvidiaNVDA | 6.7% | $297m | 1,483,301 | -10% |
| GE VernovaGEV | 5.8% | $256m | 217,873 | -16% |
| AlphabetGOOGL | 5.1% | $223m | 623,657 | +43% |
| Amazon.comAMZN | 5.0% | $220m | 922,313 | +15% |
| Applied MaterialsAMAT | 4.6% | $201m | 278,565 | New |
| Quanta ServicesPWR | 4.5% | $199m | 276,277 | +207% |
| MastercardMA | 3.6% | $159m | 308,934 | +50% |
| BroadcomAVGO | 3.3% | $147m | 389,356 | -5% |
| Johnson Controls InternationalJCI | 3.2% | $140m | 954,862 | +18% |
| Lumentum HoldingsLITE | 3.1% | $137m | 160,222 | +118% |
| FlexFLEX | 3.0% | $130m | 804,342 | New |
| Howmet AerospaceHWM | 3.0% | $130m | 483,932 | +35% |
| Modine ManufacturingMOD | 2.7% | $118m | 443,360 | +275% |
| Eli LillyLLY | 2.6% | $117m | 97,240 | -5% |
| Micron TechnologyMU | 2.6% | $115m | 99,985 | New |
| General ElectricGE | 2.6% | $115m | 308,680 | +35% |
| TKO Group HoldingsTKO | 2.6% | $113m | 561,729 | -8% |
| Liberty MediaFWONK | 2.4% | $105m | 1,106,033 | +4% |
| RTXRTX | 2.3% | $103m | 541,675 | +21% |
| Advanced Micro DevicesAMD | 2.3% | $100m | 171,716 | New |
| WoodwardWWD | 2.2% | $98m | 230,170 | New |
| Williams CompaniesWMB | 2.1% | $91m | 1,224,673 | New |
| CognexCGNX | 1.7% | $76m | 1,046,750 | New |
| ARM HoldingsARM | 1.6% | $69m | 193,733 | New |
| InnioINIO | 1.6% | $69m | 1,736,315 | New |
| LegenceLGN | 1.5% | $66m | 779,617 | +4% |
| Comfort Systems USAFIX | 1.4% | $60m | 30,230 | +46% |
| LindeLIN | 1.2% | $55m | 105,094 | +62% |
| Onto InnovationONTO | 1.2% | $52m | 136,375 | New |
| Marvell TechnologyMRVL | 1.2% | $51m | 171,565 | New |
| Advanced Energy IndustriesAEIS | 1.1% | $50m | 135,051 | New |
| NextEra EnergyNEE | 1.1% | $49m | 559,902 | -64% |
| Clean HarborsCLH | 1.0% | $45m | 149,769 | +268% |
| Powell IndustriesPOWL | 0.8% | $34m | 119,502 | +171% |
| CamecoCCJ | 0.7% | $31m | 306,375 | +85% |
| Ultra Clean HoldingsUCTT | 0.6% | $26m | 183,547 | New |
| TeradyneTER | 0.6% | $24m | 50,471 | +231% |
| Solstice Advanced MaterialsSOLS | 0.5% | $24m | 267,580 | +183% |
| NisourceNI | 0.5% | $22m | 463,224 | +121% |
| Leonardo DRSDRS | 0.5% | $22m | 506,570 | -19% |
| QualcommQCOM | 0.5% | $20m | 110,365 | New |
| NovaNVMI | 0.5% | $20m | 36,962 | +72% |
| AARAIR | 0.5% | $20m | 139,137 | +17% |
| NextpowerNXT | 0.4% | $20m | 165,755 | +153% |
| CienaCIEN | 0.4% | $19m | 37,946 | -82% |
| HeicoHEI | 0.4% | $16m | 45,747 | -6% |
| Brookfield Infrastructure PABIP | 0.4% | $16m | 428,502 | -40% |
| MYR GroupMYRG | 0.3% | $15m | 30,625 | New |
| Tower SemiconductorTSEM | 0.3% | $15m | 56,530 | New |
| SandiskSNDK | 0.3% | $14m | 5,969 | New |
| Vertiv HoldingsVRT | 0.3% | $13m | 39,070 | -58% |
| RedditRDDT | 0.3% | $13m | 74,339 | New |
| CRH PublicCRH | 0.3% | $12m | 113,325 | -38% |
| Targa ResourcesTRGP | 0.3% | $12m | 43,870 | -90% |
| BorgwarnerBWA | 0.3% | $11m | 167,194 | New |
| Interactive Brokers GroupIBKR | 0.2% | $11m | 124,504 | -43% |
| UL SolutionsULS | 0.1% | $7m | 64,020 | New |
| Viavi SolutionsVIAV | 0.1% | $6m | 129,776 | New |
| Allegro MicrosystemsALGM | <0.1% | $3m | 49,800 | New |
Options (2)
- TeslaTSLA
- Type
- Call
- Value
- $113m
- Contracts
- 268,500
- QualcommQCOM
- Type
- Call
- Value
- $26m
- Contracts
- 138,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| TeslaTSLA | Call | $113m | 268,500 |
| QualcommQCOM | Call | $26m | 138,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 36.9% since 30 June 2025.
Where the money is
Technology37.6%
Industrials30.5%
Media & telecom10.3%
Retail & consumer7.9%
Financial services3.9%
Materials2.8%
Health care2.6%
Energy2.3%
Utilities1.6%
Other0.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.