FIRETRAIL INVESTMENTS PTY LTD Diversified Active

CIK: 0001943822 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 4, 2026

Total Value ($000): $305,126 (100.0% shares, 0.0% debt)

Holdings (29)

New Positions (3)

AMZN Amazon.com Inc 3.6%

Value ($000) $10,891 Shares 46,954 Est. Cost $228.79 Unrealized 0.0%

WY Weyerhaeuser Co 2.5%

Value ($000) $7,568 Shares 317,891 Est. Cost $22.99 Unrealized 0.0%

CDNS Cadence Design Systems Inc 1.2%

Value ($000) $3,620 Shares 11,525 Est. Cost $326.31 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	Amazon.com Inc	46,954	$10,891	3.6%	$228.79	0.0%	COM	023135106
WY	Weyerhaeuser Co	317,891	$7,568	2.5%	$22.99	0.0%	COM	962166104
CDNS	Cadence Design Systems Inc	11,525	$3,620	1.2%	$326.31	0.0%	COM	127387108

Increased Positions (4)

NOW ServiceNow Inc 2.1%

Value ($000) $6,381 (-38.1%) Shares 41,455 (+267.1%) Est. Cost $177.32 Unrealized -3.3%

ELV Elevance Health Inc 3.6%

Value ($000) $10,834 (+27.7%) Shares 30,755 (+16.2%) Est. Cost $462.46 Unrealized -27.2%

MCO Moody's Corp 3.3%

Value ($000) $10,129 (+11.5%) Shares 19,732 (+2.7%) Est. Cost $502.22 Unrealized -3.0%

ICLR ICON PLC 3.3%

Value ($000) $10,067 (+8.8%) Shares 54,976 (+3.2%) Est. Cost $174.66 Unrealized +2.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NOW	ServiceNow Inc	41,455 (+267.1%)	$6,381 (-38.1%)	2.1%	$177.32	-3.3%	COM	81762P102
ELV	Elevance Health Inc	30,755 (+16.2%)	$10,834 (+27.7%)	3.6%	$462.46	-27.2%	COM	036752103
MCO	Moody's Corp	19,732 (+2.7%)	$10,129 (+11.5%)	3.3%	$502.22	-3.0%	COM	615369105
ICLR	ICON PLC	54,976 (+3.2%)	$10,067 (+8.8%)	3.3%	$174.66	+2.0%	COM	G4705A100

Exited Positions (2)

FERG Ferguson Enterprises Inc 3.3%

Value ($000) $10,108 Shares 45,352 Est. Cost $170.60 Unrealized +39.5%

RYN Rayonier Inc 2.1%

Value ($000) $6,288 Shares 238,735 Est. Cost $28.55 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FERG	Ferguson Enterprises Inc	45,352	$10,108	3.3%	$170.60	+39.5%	—	31488V107
RYN	Rayonier Inc	238,735	$6,288	2.1%	$28.55	—	—	754907103

Decreased Positions (22)

NVDA NVIDIA Corp 4.9%

Value ($000) $15,102 (-57.6%) Shares 80,584 (-58.1%) Est. Cost $120.85 Unrealized +54.0%

IBKR Interactive Brokers Group Inc 2.1%

Value ($000) $6,348 (-62.8%) Shares 98,226 (-60.7%) Est. Cost $41.67 Unrealized +60.5%

AAPL Apple Inc 9.1%

Value ($000) $27,852 (-20.9%) Shares 101,954 (-26.8%) Est. Cost $222.82 Unrealized +20.4%

AZO AutoZone Inc 3.2%

Value ($000) $9,658 (-41.4%) Shares 2,834 (-26.8%) Est. Cost $2798.81 Unrealized +35.0%

TT Trane Technologies PLC 2.5%

Value ($000) $7,659 (-44.0%) Shares 19,584 (-40.1%) Est. Cost $327.01 Unrealized +26.5%

TSM Taiwan Semiconductor Manufactu 7.4%

Value ($000) $22,456 (-19.4%) Shares 73,536 (-26.8%) Est. Cost $175.40 Unrealized —

APTV Aptiv PLC 3.3%

Value ($000) $10,034 (-34.6%) Shares 131,234 (-26.8%) Est. Cost $63.38 Unrealized +26.7%

MTN Vail Resorts Inc 2.8%

Value ($000) $8,626 (-33.8%) Shares 64,639 (-26.4%) Est. Cost $148.56 Unrealized -0.9%

BKNG Booking Holdings Inc 3.9%

Value ($000) $11,914 (-26.8%) Shares 2,214 (-27.1%) Est. Cost $3591.83 Unrealized +43.0%

MCK McKesson Corp 4.9%

Value ($000) $14,834 (-21.1%) Shares 17,996 (-26.6%) Est. Cost $510.65 Unrealized +59.7%

FICO Fair Isaac Corp 2.8%

Value ($000) $8,601 (-30.9%) Shares 5,063 (-39.6%) Est. Cost $1645.66 Unrealized +4.6%

TENB Tenable Holdings Inc 1.7%

Value ($000) $5,271 (-40.4%) Shares 222,946 (-27.1%) Est. Cost $43.01 Unrealized -36.5%

ECL Ecolab Inc 3.8%

Value ($000) $11,509 (-22.0%) Shares 43,627 (-19.6%) Est. Cost $204.37 Unrealized +30.0%

GXO GXO Logistics Inc 2.9%

Value ($000) $8,783 (-25.8%) Shares 166,041 (-26.4%) Est. Cost $50.52 Unrealized +4.0%

MA Mastercard Inc 5.2%

Value ($000) $15,874 (-16.0%) Shares 27,672 (-17.3%) Est. Cost $551.47 Unrealized +1.4%

DE Deere & Co 4.5%

Value ($000) $13,607 (-15.9%) Shares 29,085 (-18.4%) Est. Cost $385.52 Unrealized +21.3%

JPM JPMorgan Chase & Co 1.8%

Value ($000) $5,589 (-24.9%) Shares 17,262 (-27.4%) Est. Cost $295.93 Unrealized +4.6%

ALC Alcon AG 2.1%

Value ($000) $6,470 (-20.3%) Shares 80,612 (-26.6%) Est. Cost $93.11 Unrealized -17.3%

DAR Darling Ingredients Inc 2.7%

Value ($000) $8,311 (-14.0%) Shares 229,733 (-27.1%) Est. Cost $40.44 Unrealized -16.3%

WFC Wells Fargo & Co 1.3%

Value ($000) $3,972 (-17.4%) Shares 42,413 (-26.6%) Est. Cost $80.47 Unrealized +7.7%

AMD Advanced Micro Devices Inc 5.1%

Value ($000) $15,645 (-1.3%) Shares 72,700 (-26.4%) Est. Cost $147.61 Unrealized +52.2%

KEYS Keysight Technologies Inc 2.5%

Value ($000) $7,519 (-0.8%) Shares 36,826 (-15.7%) Est. Cost $166.65 Unrealized +11.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA Corp	80,584 (-58.1%)	$15,102 (-57.6%)	4.9%	$120.85	+54.0%	COM	67066G104
IBKR	Interactive Brokers Group Inc	98,226 (-60.7%)	$6,348 (-62.8%)	2.1%	$41.67	+60.5%	COM	45841N107
AAPL	Apple Inc	101,954 (-26.8%)	$27,852 (-20.9%)	9.1%	$222.82	+20.4%	COM	037833100
AZO	AutoZone Inc	2,834 (-26.8%)	$9,658 (-41.4%)	3.2%	$2798.81	+35.0%	COM	053332102
TT	Trane Technologies PLC	19,584 (-40.1%)	$7,659 (-44.0%)	2.5%	$327.01	+26.5%	COM	G8994E103
TSM	Taiwan Semiconductor Manufactu	73,536 (-26.8%)	$22,456 (-19.4%)	7.4%	$175.40	—	ADR	874039100
APTV	Aptiv PLC	131,234 (-26.8%)	$10,034 (-34.6%)	3.3%	$63.38	+26.7%	COM	G3265R107
MTN	Vail Resorts Inc	64,639 (-26.4%)	$8,626 (-33.8%)	2.8%	$148.56	-0.9%	COM	91879Q109
BKNG	Booking Holdings Inc	2,214 (-27.1%)	$11,914 (-26.8%)	3.9%	$3591.83	+43.0%	COM	09857L108
MCK	McKesson Corp	17,996 (-26.6%)	$14,834 (-21.1%)	4.9%	$510.65	+59.7%	COM	58155Q103
FICO	Fair Isaac Corp	5,063 (-39.6%)	$8,601 (-30.9%)	2.8%	$1645.66	+4.6%	COM	303250104
TENB	Tenable Holdings Inc	222,946 (-27.1%)	$5,271 (-40.4%)	1.7%	$43.01	-36.5%	COM	88025T102
ECL	Ecolab Inc	43,627 (-19.6%)	$11,509 (-22.0%)	3.8%	$204.37	+30.0%	COM	278865100
GXO	GXO Logistics Inc	166,041 (-26.4%)	$8,783 (-25.8%)	2.9%	$50.52	+4.0%	COM	36262G101
MA	Mastercard Inc	27,672 (-17.3%)	$15,874 (-16.0%)	5.2%	$551.47	+1.4%	COM	57636Q104
DE	Deere & Co	29,085 (-18.4%)	$13,607 (-15.9%)	4.5%	$385.52	+21.3%	COM	244199105
JPM	JPMorgan Chase & Co	17,262 (-27.4%)	$5,589 (-24.9%)	1.8%	$295.93	+4.6%	COM	46625H100
ALC	Alcon AG	80,612 (-26.6%)	$6,470 (-20.3%)	2.1%	$93.11	-17.3%	COM	H01301128
DAR	Darling Ingredients Inc	229,733 (-27.1%)	$8,311 (-14.0%)	2.7%	$40.44	-16.3%	COM	237266101
WFC	Wells Fargo & Co	42,413 (-26.6%)	$3,972 (-17.4%)	1.3%	$80.47	+7.7%	COM	949746101
AMD	Advanced Micro Devices Inc	72,700 (-26.4%)	$15,645 (-1.3%)	5.1%	$147.61	+52.2%	COM	007903107
KEYS	Keysight Technologies Inc	36,826 (-15.7%)	$7,519 (-0.8%)	2.5%	$166.65	+11.3%	COM	49338L103