Coronation Fund Managers Ltd.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 28, 2025), Coronation Fund Managers Ltd. reported 50 stock positions worth $1.7 billion. Its top holding was Coupang (CPNG) at 9.5% of the portfolio, followed by Grab Class A (GRAB, 7.9%) and MercadoLibre (MELI, 7.7%). Compared with Q3 2024, it opened 3 new positions, sold out of 8, added to 19 and reduced 28. The biggest buy was MercadoLibre (MELI, shares +130%) and the biggest sale PDD (PDD, shares −43%).
- Most Recent 13F
- Q2 2026
- Location
- Cape Town, T3
- CIK
- 0001594320
- Portfolio Value
- $1.7B (Q4 2024)
- SEC Filing
- 0001172661-25-000388 ↗ filed Jan 28, 2025
Holdings Value
Holdings 50 stocks · $1.7B
| CPNG Coupang Inc. | 9.55% | 7,383,611 | $162.3M | Add +53.3% |
| GRAB Grab Holdings Ltd. Class A | 7.94% | 28,591,408 | $135.0M | Reduce -15.3% |
| MELI MercadoLibre Inc. | 7.75% | 77,478 | $131.7M | Add +130.3% |
| SE Sea Ltd.-ADR | 6.56% | 1,050,935 | $111.5M | Add +7.1% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 5.69% | 9,336,821 | $96.7M | Add +108.1% |
| MLCO Melco Resorts & Entert-ADR | 3.93% | 11,552,228 | $66.9M | Reduce -11.6% |
| TME Tencent Music Entertainm-ADR | 3.68% | 5,509,070 | $62.5M | Reduce -2.6% |
| LPLA LPL Financial Holdings Inc. | 3.59% | 187,008 | $61.1M | Reduce -14.0% |
| META Meta Platforms Inc. Class A | 3.55% | 103,179 | $60.4M | Add +31.2% |
| WBD Warner Bros Discovery Inc. | 3.51% | 5,644,290 | $59.7M | Add +54.1% |
| AMZN Amazon.com Inc. | 3.15% | 244,223 | $53.6M | Reduce -7.4% |
| PDD PDD Holdings Inc. | 2.99% | 523,963 | $50.8M | Reduce -42.6% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 2.59% | 465,221 | $44.1M | Add +29.8% |
| TPR Tapestry Inc. | 2.59% | 673,233 | $44.0M | Add +4.5% |
| GOOGL Alphabet Inc. Class A | 2.49% | 223,502 | $42.3M | Reduce -3.8% |
| SPOT Spotify Technology SA | 2.48% | 94,072 | $42.1M | Add +8.5% |
| SCHW Schwab (charles) Corp. | 2.21% | 507,190 | $37.5M | Add +3.5% |
| GPN Global Payments Inc. | 2.03% | 307,436 | $34.5M | Add +11.4% |
| IBKR Interactive Brokers Gro Class A | 1.92% | 184,450 | $32.6M | Reduce -43.4% |
| RYAAY Ryanair Holdings PLC-SP ADR | 1.87% | 730,732 | $31.9M | Add +21.0% |
| IBN Icici Bank Ltd.-Spon ADR | 1.60% | 908,736 | $27.1M | Reduce -26.1% |
| GEHC GE Healthcare Technology | 1.54% | 334,984 | $26.2M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.23% | 187,785 | $20.9M | Add +1.6% |
| CRM Salesforce Inc. | 1.13% | 57,543 | $19.2M | Add +1.5% |
| CNI Canadian Natl Railway Co. | 1.09% | 182,222 | $18.5M | Reduce -10.9% |
| FMX Fomento Economico Mex-SP ADR | 1.08% | 215,426 | $18.4M | Reduce -12.6% |
| SKX Skechers USA Inc. Class A | 1.01% | 255,557 | $17.2M | Reduce -48.8% |
| Z Zillow Group Inc. Class C | 0.98% | 224,003 | $16.6M | Add +1.8% |
| DT Dynatrace Inc. | 0.93% | 291,627 | $15.8M | Add +1.8% |
| KMI Kinder Morgan Inc. | 0.86% | 531,358 | $14.6M | Reduce -16.0% |
| PM Philip Morris International | 0.85% | 120,247 | $14.5M | Reduce -17.4% |
| NTES Netease Inc.-ADR | 0.84% | 160,793 | $14.3M | Reduce -0.6% |
| STNE Stoneco Ltd. Class A | 0.84% | 1,793,497 | $14.3M | Reduce -51.2% |
| HDB HDFC Bank Ltd.-ADR | 0.83% | 221,129 | $14.1M | Add +1.5% |
| CP Canadian Pacific Kansas City | 0.80% | 187,465 | $13.6M | Reduce -63.8% |
| MSFT Microsoft Corp. | 0.69% | 27,899 | $11.8M | Reduce -34.4% |
| TMO Thermo Fisher Scientific Inc. | 0.68% | 22,186 | $11.5M | Reduce -32.9% |
| V Visa Inc. Class A | 0.65% | 35,006 | $11.1M | Reduce -61.2% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.46% | 109,376 | $7.8M | Reduce -23.1% |
| CPT Camden Property Trust | 0.44% | 63,907 | $7.4M | Reduce -24.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.29% | 24,749 | $4.9M | Add +33.0% |
| NKE Nike Inc. Class B | 0.25% | 55,387 | $4.2M | Reduce -2.8% |
| FCNCA First Citizens Bcshs Class A | 0.22% | 1,732 | $3.7M | Add +5.3% |
| MA Mastercard Inc. Class A | 0.18% | 5,788 | $3.0M | Reduce -19.1% |
| BKNG Booking Holdings Inc. | 0.17% | 594 | $3.0M | Reduce -90.0% |
| SBUX Starbucks Corp. | 0.17% | 31,294 | $2.9M | Reduce -1.9% |
| LULU Lululemon Athletica Inc. | 0.10% | 4,323 | $1.7M | Reduce -6.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.03% | 933 | $547K | New |
| CME Cme Group Inc. | 0.02% | 1,162 | $270K | Reduce -36.0% |
| LUXE Luxexperience BV filed as MYT NETHERLANDS PARENT B V | 0.01% | 17,456 | $124K | New |
Portfolio Sells Q3 2024 → Q4 2024
| PDD PDD Holdings Inc. | Reduce -42.6% | 2.99% | −3.83 |
| ASAIY Sendas Distribuidora SA | Sold out | 0.00% | −2.63 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −2.60 |
| MLCO Melco Resorts & Entert-ADR | Reduce -11.6% | 3.93% | −1.71 |
| CP Canadian Pacific Kansas City | Reduce -63.8% | 0.80% | −1.66 |
| STNE Stoneco Ltd. Class A | Reduce -51.2% | 0.84% | −1.45 |
| BKNG Booking Holdings Inc. | Reduce -90.0% | 0.17% | −1.21 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.93 |
| SKX Skechers USA Inc. Class A | Reduce -48.8% | 1.01% | −0.84 |
| V Visa Inc. Class A | Reduce -61.2% | 0.65% | −0.73 |
| RVTY Revvity Inc. | Sold out | 0.00% | −0.66 |
| IBKR Interactive Brokers Gro Class A | Reduce -43.4% | 1.92% | −0.60 |
| PLAY Dave & Buster's Entertainmen | Sold out | 0.00% | −0.51 |
| TMO Thermo Fisher Scientific Inc. | Reduce -32.9% | 0.68% | −0.46 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -26.1% | 1.60% | −0.44 |
| MSFT Microsoft Corp. | Reduce -34.4% | 0.69% | −0.32 |
| FMX Fomento Economico Mex-SP ADR | Reduce -12.6% | 1.08% | −0.27 |
| CNI Canadian Natl Railway Co. | Reduce -10.9% | 1.09% | −0.24 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.21 |
| CPT Camden Property Trust | Reduce -24.2% | 0.44% | −0.14 |
| PM Philip Morris International | Reduce -17.4% | 0.85% | −0.13 |
| VMRK Vivmark Residential | Reduce -23.1% | 0.46% | −0.13 |
| TME Tencent Music Entertainm-ADR | Reduce -2.6% | 3.68% | −0.10 |
| FOUR SHIFT4 Payments Inc. Class A | Sold out | 0.00% | −0.09 |
| NKE Nike Inc. Class B | Reduce -2.8% | 0.25% | −0.03 |
| MA Mastercard Inc. Class A | Reduce -19.1% | 0.18% | −0.02 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −0.01 |
| CME Cme Group Inc. | Reduce -36.0% | 0.02% | −0.01 |
| SBUX Starbucks Corp. | Reduce -1.9% | 0.17% | −0.00 |
| NTES Netease Inc.-ADR | Reduce -0.6% | 0.84% | +0.00 |
| LULU Lululemon Athletica Inc. | Reduce -6.2% | 0.10% | +0.03 |
| KMI Kinder Morgan Inc. | Reduce -16.0% | 0.86% | +0.08 |
| GOOGL Alphabet Inc. Class A | Reduce -3.8% | 2.49% | +0.35 |
| AMZN Amazon.com Inc. | Reduce -7.4% | 3.15% | +0.42 |
| LPLA LPL Financial Holdings Inc. | Reduce -14.0% | 3.59% | +0.79 |
| GRAB Grab Holdings Ltd. Class A | Reduce -15.3% | 7.94% | +0.83 |
Portfolio Buys Q3 2024 → Q4 2024
| MELI MercadoLibre Inc. | Add +130.3% | 7.75% | +3.92 |
| CPNG Coupang Inc. | Add +53.3% | 9.55% | +2.99 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +108.1% | 5.69% | +2.29 |
| WBD Warner Bros Discovery Inc. | Add +54.1% | 3.51% | +1.83 |
| GEHC GE Healthcare Technology | New | 1.54% | +1.54 |
| SE Sea Ltd.-ADR | Add +7.1% | 6.56% | +1.43 |
| META Meta Platforms Inc. Class A | Add +31.2% | 3.55% | +1.06 |
| TPR Tapestry Inc. | Add +4.5% | 2.59% | +0.91 |
| SPOT Spotify Technology SA | Add +8.5% | 2.48% | +0.70 |
| KSPI JSC Kaspi.kz ADR | Add +29.8% | 2.59% | +0.48 |
| GPN Global Payments Inc. | Add +11.4% | 2.03% | +0.46 |
| SCHW Schwab (charles) Corp. | Add +3.5% | 2.21% | +0.45 |
| RYAAY Ryanair Holdings PLC-SP ADR | Add +21.0% | 1.87% | +0.36 |
| CRM Salesforce Inc. | Add +1.5% | 1.13% | +0.27 |
| DIS The Walt Disney Co. | Add +1.6% | 1.23% | +0.24 |
| Z Zillow Group Inc. Class C | Add +1.8% | 0.98% | +0.20 |
| TSM Taiwan Semiconductor-SP ADR | Add +33.0% | 0.29% | +0.11 |
| DT Dynatrace Inc. | Add +1.8% | 0.93% | +0.08 |
| HDB HDFC Bank Ltd.-ADR | Add +1.5% | 0.83% | +0.07 |
| FCNCA First Citizens Bcshs Class A | Add +5.3% | 0.22% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.03% | +0.03 |
| LUXE Luxexperience BV | New | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 48 | $2.6B | NU, MELI, SE, CPNG, GRAB |
| Q1 2026 | 53 | $2.2B | MELI, NU, SE, CPNG, GRAB |
| Q4 2025 | 53 | $2.2B | MELI, SE, NU, CPNG, MMYT |
| Q3 2025 | 48 | $1.9B | NU, MELI, SE, CPNG, GRAB |
| Q2 2025 | 49 | $1.8B | NU, CPNG, GRAB, SE, MELI |
| Q1 2025 | 51 | $1.8B | CPNG, NU, MELI, GRAB, SE |
| Q4 2024 | 50 | $1.7B | CPNG, GRAB, MELI, SE, NU |
| Q3 2024 | 55 | $1.8B | GRAB, PDD, CPNG, MLCO, SE |
| Q2 2024Amended | 58 | $1.7B | GRAB, PDD, NU, MELI, MLCO |
| Q1 2024 | 157 | $3.7B | PDD, AMZN, CP, GRAB, IBKR |