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Munro Partners Portfolio holdings
AUM
$4.54B
Turnover
55.42%
1-Year Est. Return
84.34%
This Fund
S&P 500
This Quarter
Est. Return
+5.2%
1 Year Est. Return
+84.34%
3 Year Est. Return
+350.39%
5 Year Est. Return
+513%
10 Year Est. Return
–
AUM
$1.75B
AUM Growth
+$63.3M
(+3.8%)
Cap. Flow
+$59.2M
Cap. Flow
% of AUM
3.39%
Top 10 Holdings %
Top 10 Hldgs %
63.51%
Holding
40
New
7
Increased
16
Reduced
12
Closed
5
Avg Time Held Equity + Options
1.4
years
Top 10 Avg Time Held Equity + Options
0.7
years
Top 20 Avg Time Held Equity + Options
1.6
years
Avg Time Held Equity only
1.4
years
Top 10 Avg Time Held Equity only
0.7
years
Top 20 Avg Time Held Equity only
1.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Waste Management
WM
|
+$61.8M |
| 2 |
Costco
COST
|
+$51M |
| 3 |
American Electric Power
AEP
|
+$50.3M |
| 4 |
Progressive
PGR
|
+$47.3M |
| 5 |
Cheniere Energy
LNG
|
+$33.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Thermo Fisher Scientific
TMO
|
+$72.5M |
| 2 |
Microsoft
MSFT
|
+$63.1M |
| 3 |
Intercontinental Exchange
ICE
|
+$61.4M |
| 4 |
Nutrien
NTR
|
+$38.6M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$33.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 19.83% |
| 2 | Healthcare | 17.05% |
| 3 | Financials | 13.8% |
| 4 | Technology | 10.52% |
| 5 | Consumer Discretionary | 9.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Constellation Energy
CEG
$96.2B
| $150M | 8.6% |
1,744,575
+270,180
| +18% | +$24.3M |
2022 Q2
2 quarters
|
|
2
UnitedHealth
UNH
$371B
| $146M | 8.33% |
274,765
+19,440
| +8% | +$10.3M |
2022 Q1
3 quarters
|
|
3
NextEra Energy
NEE
$164B
| $140M | 8% |
1,673,797
+142,762
| +9% | +$11.5M |
2020 Q4
8 quarters
|
|
|
4
Costco
COST
$438B
| $128M | 7.3% |
279,518
+104,358
| +60% | +$51M |
2022 Q2
2 quarters
|
|
5
Visa
V
$749B
| $117M | 6.68% |
562,407
-56,762
| -9% | -$11.4M |
2018 Q3
17 quarters
|
|
|
6
Cheniere Energy
LNG
$57.8B
| $94.7M | 5.42% |
631,575
+202,553
| +47% | +$33.9M |
2022 Q2
2 quarters
|
|
7
lululemon athletica
LULU
$11.5B
| $89.4M | 5.11% |
278,990
+75,590
| +37% | +$24.9M |
2022 Q3
1 quarter
|
|
|
8
Microsoft
MSFT
$3.99T
| $86.9M | 4.97% |
362,361
-262,885
| -42% | -$63.1M |
2018 Q3
17 quarters
|
|
9
Eli Lilly
LLY
$1.13T
| $80.3M | 4.59% |
219,475
+51,025
| +30% | +$18.1M |
2022 Q3
1 quarter
|
|
10
RTX Corp
RTX
$252B
| $79M | 4.52% |
782,488
-96,502
| -11% | -$9.08M |
2022 Q1
3 quarters
|
|
|
11
Alphabet (Google) Class A
GOOGL
$4.27T
| $78.9M | 4.51% |
894,617
-353,545
| -28% | -$33.6M |
2018 Q3
17 quarters
|
|
12
ServiceNow
NOW
$153B
| $73.9M | 4.23% |
952,120
+251,525
| +36% | +$19.7M |
2018 Q3
17 quarters
|
|
13
Mastercard
MA
$537B
| $73.7M | 4.22% |
212,058
+17,718
| +9% | +$5.83M |
2018 Q3
17 quarters
|
|
14
Danaher
DHR
$161B
| $72.3M | 4.13% |
307,130
-109,339
| -26% | -$25.3M |
2018 Q3
17 quarters
|
|
|
15
Waste Management
WM
$88.9B
| $64.2M | 3.67% |
408,968
+384,073
| +1,543% | +$61.8M |
2022 Q1
3 quarters
|
|
|
16
American Electric Power
AEP
$67.7B
| $55.9M | 3.19% |
588,339
+552,894
| +1,560% | +$50.3M |
2022 Q1
3 quarters
|
|
17
Amazon
AMZN
$2.73T
| $55.7M | 3.19% |
663,153
-88,677
| -12% | -$8.76M |
2018 Q3
17 quarters
|
|
|
18
Progressive
PGR
$126B
| $48.5M | 2.77% |
+373,580
| New | +$47.3M |
2022 Q4
0 quarters
|
|
19
Targa Resources
TRGP
$60.9B
| $33M | 1.89% |
+449,500
| New | +$31.4M |
2022 Q4
0 quarters
|
|
20
Liberty Media Corporation Series C Common Stock
FWONK
$23B
| $26.9M | 1.54% |
+465,016
| New | +$26.6M |
2022 Q4
0 quarters
|
|
21
Chipotle Mexican Grill
CMG
$39.2B
| $14.4M | 0.82% |
+517,750
| New | +$15.5M |
2022 Q4
0 quarters
|
|
22
NVIDIA
NVDA
$5.23T
| $10.6M | 0.61% |
727,610
-1,703,230
| -70% | -$25M |
2019 Q4
12 quarters
|
|
23
Advanced Micro Devices
AMD
$894B
| $8.71M | 0.5% |
134,465
-337,932
| -72% | -$22.3M |
2021 Q3
5 quarters
|
|
24
Planet Labs
PL
$5.1B
| $5.19M | 0.3% |
1,193,382
+1,162,692
| +3,789% | +$6.02M |
2022 Q3
1 quarter
|
|
25
Waste Connections
WCN
$41B
| $3.34M | 0.19% |
25,200
+12,105
| +92% | +$1.65M |
2022 Q2
2 quarters
|
|
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Munro Partners's Q4 2022 Portfolio in Review
As of Q4 2022, Munro Partners held 40 positions worth $1.75B, up 3.8% from $1.69B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Munro Partners deployed $59.2M of net new capital in Q4 2022, opening 7 new positions and adding to 16 existing holdings. Its largest new stake was Progressive: 373,580 shares worth $48.5M.
By sector, the portfolio is most concentrated in Utilities at 20% of assets, up from 15% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was Microsoft, an estimated $63.1M trimmed.
- Munro Partners's largest Q4 2022 buy was Progressive: 373,580 shares worth $48.5M.
- Munro Partners added most to Waste Management in Q4 2022, an estimated $61.8M increase.
- Munro Partners's biggest Q4 2022 reduction was Microsoft, cutting an estimated $63.1M.
- Munro Partners fully exited Thermo Fisher Scientific in Q4 2022, selling an estimated $72.5M.
- Munro Partners's ten largest holdings make up 64% of its $1.75B portfolio in Q4 2022.
- Munro Partners opened 7 new positions and closed 5 in Q4 2022.
- Munro Partners's portfolio value rose 3.8% quarter-over-quarter to $1.75B.
Based on Munro Partners's 13F filing for Q4 2022, filed 28 Oct 2025.