# Munro Partners

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1768744. Source: https://holderbook.com/funds/1768744-munro-partners/

- Reported value: $4.5B
- Positions: 60
- Weight of the ten largest: 43.6%
- Filed: 2026-08-10

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $296.8M | 1,483,301 | 6.5% | 27 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $256.0M | 217,873 | 5.6% | 9 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $222.9M | 623,657 | 4.9% | 32 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $219.8M | 922,313 | 4.8% | 32 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $201.4M | 278,565 | 4.4% | 1 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $198.9M | 276,277 | 4.4% | 16 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $158.7M | 308,934 | 3.5% | 32 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $147.1M | 389,356 | 3.2% | 11 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $139.5M | 954,862 | 3.1% | 8 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $137.5M | 160,222 | 3.0% | 2 |
| FLEX LTD | [FLEX](https://holderbook.com/stocks/FLEX/) | $130.4M | 804,342 | 2.9% | 1 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $130.1M | 483,932 | 2.9% | 7 |
| MODINE MFG CO | [MOD](https://holderbook.com/stocks/MOD/) | $118.4M | 443,360 | 2.6% | 2 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $116.6M | 97,240 | 2.6% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $115.4M | 99,985 | 2.5% | 1 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $115.4M | 308,680 | 2.5% | 3 |
| TKO GROUP HOLDINGS INC | [TKO](https://holderbook.com/stocks/TKO/) | $113.1M | 561,729 | 2.5% | 7 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $112.9M | 0 | 2.5% | 1 |
| LIBERTY MEDIA CORP DEL | [FWONK](https://holderbook.com/stocks/FWONK/) | $105.2M | 1,106,033 | 2.3% | 12 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $102.8M | 541,675 | 2.3% | 2 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $99.8M | 171,716 | 2.2% | 1 |
| WOODWARD INC | [WWD](https://holderbook.com/stocks/WWD/) | $97.9M | 230,170 | 2.2% | 1 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $91.0M | 1,224,673 | 2.0% | 1 |
| COGNEX CORP | [CGNX](https://holderbook.com/stocks/CGNX/) | $75.8M | 1,046,750 | 1.7% | 1 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $68.7M | 193,733 | 1.5% | 1 |
| INNIO NV | [INIO](https://holderbook.com/stocks/INIO/) | $68.7M | 1,736,315 | 1.5% | 1 |
| LEGENCE CORP | [LGN](https://holderbook.com/stocks/LGN/) | $66.4M | 779,617 | 1.5% | 4 |
| COMFORT SYS USA INC | [FIX](https://holderbook.com/stocks/FIX/) | $59.9M | 30,230 | 1.3% | 12 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $54.5M | 105,094 | 1.2% | 15 |
| ONTO INNOVATION INC | [ONTO](https://holderbook.com/stocks/ONTO/) | $51.6M | 136,375 | 1.1% | 1 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $51.1M | 171,565 | 1.1% | 1 |
| ADVANCED ENERGY INDS | [AEIS](https://holderbook.com/stocks/AEIS/) | $50.4M | 135,051 | 1.1% | 1 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $49.1M | 559,902 | 1.1% | 23 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $45.9M | 110,365 | 1.0% | 1 |
| CLEAN HARBORS INC | [CLH](https://holderbook.com/stocks/CLH/) | $44.7M | 149,769 | 1.0% | 14 |
| POWELL INDS INC | [POWL](https://holderbook.com/stocks/POWL/) | $34.2M | 119,502 | 0.8% | 2 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $31.2M | 306,375 | 0.7% | 3 |
| ULTRA CLEAN HLDGS INC | [UCTT](https://holderbook.com/stocks/UCTT/) | $26.2M | 183,547 | 0.6% | 1 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $24.4M | 50,471 | 0.5% | 2 |
| SOLSTICE ADVANCED MATLS INC | [SOLS](https://holderbook.com/stocks/SOLS/) | $23.7M | 267,580 | 0.5% | 2 |
| NISOURCE INC | [NI](https://holderbook.com/stocks/NI/) | $22.0M | 463,224 | 0.5% | 2 |
| LEONARDO DRS INC | [DRS](https://holderbook.com/stocks/DRS/) | $21.6M | 506,570 | 0.5% | 6 |
| NOVA LTD | [NVMI](https://holderbook.com/stocks/NVMI/) | $20.1M | 36,962 | 0.4% | 8 |
| AAR CORP | [AIR](https://holderbook.com/stocks/AIR/) | $19.9M | 139,137 | 0.4% | 3 |
| NEXTPOWER INC | [NXT](https://holderbook.com/stocks/NXT/) | $19.7M | 165,755 | 0.4% | 2 |
| CIENA CORP | [CIEN](https://holderbook.com/stocks/CIEN/) | $18.6M | 37,946 | 0.4% | 4 |
| HEICO CORP NEW | [HEI](https://holderbook.com/stocks/HEI/) | $16.3M | 45,747 | 0.4% | 7 |
| BROOKFIELD INFRASTRUCTURE PA | [BIP](https://holderbook.com/stocks/BIP/) | $15.6M | 428,502 | 0.3% | 9 |
| MYR GROUP INC | [MYRG](https://holderbook.com/stocks/MYRG/) | $15.3M | 30,625 | 0.3% | 1 |
| TOWER SEMICONDUCTOR LTD | [TSEM](https://holderbook.com/stocks/TSEM/) | $14.7M | 56,530 | 0.3% | 1 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $13.6M | 5,969 | 0.3% | 1 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $13.1M | 39,070 | 0.3% | 11 |
| REDDIT INC | [RDDT](https://holderbook.com/stocks/RDDT/) | $12.9M | 74,339 | 0.3% | 1 |
| CRH PLC | [CRH](https://holderbook.com/stocks/CRH/) | $12.1M | 113,325 | 0.3% | 4 |
| TARGA RES CORP | [TRGP](https://holderbook.com/stocks/TRGP/) | $11.8M | 43,870 | 0.3% | 8 |
| BORGWARNER INC | [BWA](https://holderbook.com/stocks/BWA/) | $11.1M | 167,194 | 0.2% | 1 |
| INTERACTIVE BROKERS GROUP IN | [IBKR](https://holderbook.com/stocks/IBKR/) | $10.8M | 124,504 | 0.2% | 8 |
| UL SOLUTIONS INC | [ULS](https://holderbook.com/stocks/ULS/) | $6.5M | 64,020 | 0.1% | 1 |
| VIAVI SOLUTIONS INC | [VIAV](https://holderbook.com/stocks/VIAV/) | $6.2M | 129,776 | 0.1% | 1 |
| ALLEGRO MICROSYSTEMS INC | [ALGM](https://holderbook.com/stocks/ALGM/) | $3.5M | 49,800 | 0.1% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +16.9% | +14.8% | +2.1% | 100% |
| Q1 2026 | -3.9% | -4.6% | +0.7% | 93% |
| Q4 2025 | -1.7% | +2.4% | -4.0% | 100% |
| Q3 2025 | +5.2% | +7.8% | -2.6% | 100% |
| Q2 2025 | +29.2% | +10.5% | +18.7% | 100% |
| Q1 2025 | -9.7% | -4.6% | -5.2% | 100% |
| Q4 2024 | +5.8% | +2.1% | +3.6% | 100% |
| Q3 2024 | +6.1% | +5.4% | +0.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $4.5B | 60 |
| Q1 2026 | $3.0B | 59 |
| Q4 2025 | $3.8B | 59 |
| Q3 2025 | $3.7B | 64 |
| Q2 2025 | $3.2B | 66 |
| Q1 2025 | $2.1B | 61 |
| Q4 2024 | $3.0B | 67 |
| Q3 2024 | $2.7B | 62 |
| Q2 2024 | $2.7B | 57 |
| Q1 2024 | $2.8B | 57 |
| Q4 2023 | $2.2B | 52 |
| Q3 2023 | $2.0B | 38 |