Caledonia (Private) Investments Pty Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Caledonia (Private) Investments Pty Ltd reported 15 stock positions worth $6.3 billion. Its top holding was Flutter Entertainment PLC-Di (FLUT) at 34.6% of the portfolio, followed by Zillow Class C (Z, 32.3%) and Zillow Class A (ZG, 13.4%). Compared with Q1 2025, it opened 2 new positions, sold out of 3, added to 2 and reduced 8. The biggest buy was Cameco (CCJ, shares +24%) and the biggest sale Light & Wonder (LNWO, shares −73%).
- Most Recent 13F
- Q2 2026
- Location
- Sydney Nsw, C3
- CIK
- 0001352924
- Portfolio Value
- $6.3B (Q2 2025)
- SEC Filing
- 0001172661-25-003486 ↗ filed Aug 14, 2025
Holdings Value
Holdings 15 stocks · $6.3B
| FLUT Flutter Entertainment PLC-Di | 34.56% | 7,606,737 | $2.2B | Reduce -14.4% |
| Z Zillow Group Inc. Class C | 32.32% | 29,017,640 | $2.0B | Reduce -6.5% |
| ZG Zillow Group Inc. Class A | 13.44% | 12,346,225 | $845.6M | Reduce -4.5% |
| CCJ Cameco Corp. | 6.61% | 5,599,898 | $415.7M | Add +23.6% |
| RPRX Royalty Pharma PLC Class A | 3.69% | 6,444,729 | $232.2M | Add +26.0% |
| FWONK Liberty Media Corp. Class C | 2.79% | 1,680,337 | $175.6M | Reduce -14.3% |
| COOP Mr Cooper Group Inc. | 1.40% | 592,151 | $88.4M | New |
| UDMY Udemy Inc. | 1.25% | 11,155,442 | $78.4M | Reduce -0.2% |
| LNWO Light & Wonder Inc. | 1.08% | 706,791 | $68.0M | Reduce -72.7% |
| COUR Coursera Inc. | 1.03% | 7,377,828 | $64.6M | Reduce -6.9% |
| APPF Appfolio Inc. Class A | 0.87% | 238,880 | $55.0M | New |
| TRUE Truecar Inc. | 0.54% | 17,758,146 | $33.7M | No change |
| CME Cme Group Inc. | 0.29% | 66,160 | $18.2M | No change |
| AMWL American Well Corp. Class A | 0.11% | 808,758 | $7.2M | Reduce -0.2% |
| WFC Wells Fargo & Co. | 0.00% | 3,198 | $256K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| LNWO Light & Wonder Inc. | Reduce -72.7% | 1.08% | −2.57 |
| GENI Genius Sports Ltd. | Sold out | 0.00% | −2.45 |
| Z Zillow Group Inc. Class C | Reduce -6.5% | 32.32% | −2.33 |
| WMG Warner Music Group Corp. Class A | Sold out | 0.00% | −1.10 |
| ZG Zillow Group Inc. Class A | Reduce -4.5% | 13.44% | −0.62 |
| RKT Rocket Cos Inc. Class A | Sold out | 0.00% | −0.39 |
| UDMY Udemy Inc. | Reduce -0.2% | 1.25% | −0.17 |
| FWONK Liberty Media Corp. Class C | Reduce -14.3% | 2.79% | −0.08 |
| AMWL American Well Corp. Class A | Reduce -0.2% | 0.11% | +0.01 |
| COUR Coursera Inc. | Reduce -6.9% | 1.03% | +0.17 |
| FLUT Flutter Entertainment PLC-Di | Reduce -14.4% | 34.56% | +2.50 |
Portfolio Buys Q1 2025 → Q2 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 17 | $2.9B | FLUT, Z, ZG, RPRX, CCJ |
| Q1 2026 | 16 | $3.4B | Z, FLUT, ZG, CCJ, RPRX |
| Q4 2025 | 16 | $5.2B | Z, FLUT, ZG, CCJ, RPRX |
| Q3 2025 | 16 | $6.2B | Z, FLUT, ZG, CCJ, RPRX |
| Q2 2025 | 15 | $6.3B | FLUT, Z, ZG, CCJ, RPRX |
| Q1 2025 | 16 | $6.1B | Z, FLUT, ZG, LNWO, CCJ |
| Q4 2024 | 13 | $7.5B | FLUT, Z, ZG, FWONK, LNWO |
| Q3 2024 | 11 | $6.9B | FLUT, Z, ZG, FWONK, LNWO |
| Q2 2024 | 11 | $5.5B | FLUT, Z, ZG, FWONK, LNWO |
| Q1 2024 | 11 | $3.9B | Z, ZG, FWONK, LNWO, WMG |