Coronation Fund Managers Ltd.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Coronation Fund Managers Ltd. reported 51 stock positions worth $1.8 billion. Its top holding was Coupang (CPNG) at 9.0% of the portfolio, followed by Nu Holdings Ltd./Cayman Isl-A (NU, 8.8%) and MercadoLibre (MELI, 8.0%). Compared with Q4 2024, it opened 9 new positions, sold out of 8, added to 19 and reduced 20. The biggest buy was a new position in Anglogold Ashanti (AU) and the biggest sale Tapestry (TPR, shares −70%).
- Most Recent 13F
- Q2 2026
- Location
- Cape Town, T3
- CIK
- 0001594320
- Portfolio Value
- $1.8B (Q1 2025)
- SEC Filing
- 0001172661-25-001705 ↗ filed May 12, 2025
Holdings Value
Holdings 51 stocks · $1.8B
| CPNG Coupang Inc. | 9.00% | 7,559,777 | $165.8M | Add +2.4% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 8.82% | 15,856,452 | $162.4M | Add +69.8% |
| MELI MercadoLibre Inc. | 7.97% | 75,258 | $146.8M | Reduce -2.9% |
| GRAB Grab Holdings Ltd. Class A | 7.89% | 32,063,601 | $145.2M | Add +12.1% |
| SE Sea Ltd.-ADR | 7.61% | 1,073,399 | $140.1M | Add +2.1% |
| TME Tencent Music Entertainm-ADR | 3.52% | 4,498,333 | $64.8M | Reduce -18.4% |
| AU Anglogold Ashanti PLC | 3.43% | 1,702,222 | $63.2M | New |
| WBD Warner Bros Discovery Inc. | 3.23% | 5,543,659 | $59.5M | Reduce -1.8% |
| MLCO Melco Resorts & Entert-ADR | 3.07% | 10,727,867 | $56.5M | Reduce -7.1% |
| PDD PDD Holdings Inc. | 2.75% | 428,116 | $50.7M | Reduce -18.3% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 2.71% | 536,702 | $49.8M | Add +15.4% |
| AMAT Applied Materials Inc. | 2.68% | 340,276 | $49.4M | New |
| AMZN Amazon.com Inc. | 2.55% | 247,163 | $47.0M | Add +1.2% |
| SKX Skechers USA Inc. Class A | 2.46% | 797,248 | $45.3M | Add +212.0% |
| SCHW Schwab (charles) Corp. | 2.38% | 560,863 | $43.9M | Add +10.6% |
| META Meta Platforms Inc. Class A | 2.26% | 72,086 | $41.5M | Reduce -30.1% |
| LPLA LPL Financial Holdings Inc. | 2.19% | 123,333 | $40.3M | Reduce -34.0% |
| MSFT Microsoft Corp. | 2.16% | 105,931 | $39.8M | Add +279.7% |
| TMO Thermo Fisher Scientific Inc. | 1.91% | 70,717 | $35.2M | Add +218.8% |
| IBKR Interactive Brokers Gro Class A | 1.77% | 196,761 | $32.6M | Add +6.7% |
| RYAAY Ryanair Holdings PLC-SP ADR | 1.68% | 728,440 | $30.9M | Reduce -0.3% |
| SPOT Spotify Technology SA | 1.62% | 54,102 | $29.8M | Reduce -42.5% |
| GEHC GE Healthcare Technology | 1.48% | 337,322 | $27.2M | Add +0.7% |
| XYZ Block Inc. | 1.41% | 478,246 | $26.0M | New |
| EMBJ Embraer SA-Spon ADR | 1.11% | 440,873 | $20.4M | New |
| GOOGL Alphabet Inc. Class A | 1.08% | 128,887 | $19.9M | Reduce -42.3% |
| STNE Stoneco Ltd. Class A | 1.04% | 1,828,714 | $19.2M | Add +2.0% |
| GPN Global Payments Inc. | 1.02% | 191,768 | $18.8M | Reduce -37.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.02% | 189,762 | $18.7M | Add +1.1% |
| MNDY Monday.com Ltd. | 0.90% | 67,884 | $16.5M | New |
| Z Zillow Group Inc. Class C | 0.84% | 225,227 | $15.4M | Add +0.6% |
| HDB HDFC Bank Ltd.-ADR | 0.80% | 222,616 | $14.8M | Add +0.7% |
| TPR Tapestry Inc. | 0.77% | 201,593 | $14.2M | Reduce -70.1% |
| DT Dynatrace Inc. | 0.76% | 297,908 | $14.0M | Add +2.1% |
| CP Canadian Pacific Kansas City | 0.73% | 192,620 | $13.5M | Add +2.8% |
| FMX Fomento Economico Mex-SP ADR | 0.62% | 117,750 | $11.5M | Reduce -45.3% |
| V Visa Inc. Class A | 0.47% | 24,924 | $8.7M | Reduce -28.8% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.43% | 109,376 | $7.8M | No change |
| CPT Camden Property Trust | 0.42% | 63,907 | $7.8M | No change |
| KMI Kinder Morgan Inc. | 0.36% | 234,297 | $6.7M | Reduce -55.9% |
| PGR Progressive Corp. | 0.22% | 14,613 | $4.1M | New |
| NKE Nike Inc. Class B | 0.19% | 55,387 | $3.5M | No change |
| FCNCA First Citizens Bcshs Class A | 0.17% | 1,673 | $3.1M | Reduce -3.4% |
| CNI Canadian Natl Railway Co. | 0.14% | 26,773 | $2.6M | Reduce -85.3% |
| MA Mastercard Inc. Class A | 0.13% | 4,315 | $2.4M | Reduce -25.4% |
| CRH CRH PLC | 0.09% | 18,705 | $1.6M | New |
| NVDA Nvidia Corp. | 0.04% | 6,831 | $740K | New |
| TSM Taiwan Semiconductor-SP ADR | 0.04% | 4,234 | $703K | Reduce -82.9% |
| NLOP Net Lease Office Property | 0.03% | 15,192 | $477K | New |
| CME Cme Group Inc. | 0.02% | 1,350 | $358K | Add +16.2% |
| SBUX Starbucks Corp. | 0.01% | 2,313 | $227K | Reduce -92.6% |
Portfolio Sells Q4 2024 → Q1 2025
| TPR Tapestry Inc. | Reduce -70.1% | 0.77% | −1.82 |
| IBN Icici Bank Ltd.-Spon ADR | Sold out | 0.00% | −1.60 |
| GOOGL Alphabet Inc. Class A | Reduce -42.3% | 1.08% | −1.41 |
| LPLA LPL Financial Holdings Inc. | Reduce -34.0% | 2.19% | −1.40 |
| META Meta Platforms Inc. Class A | Reduce -30.1% | 2.26% | −1.30 |
| CRM Salesforce Inc. | Sold out | 0.00% | −1.13 |
| GPN Global Payments Inc. | Reduce -37.6% | 1.02% | −1.01 |
| CNI Canadian Natl Railway Co. | Reduce -85.3% | 0.14% | −0.95 |
| MLCO Melco Resorts & Entert-ADR | Reduce -7.1% | 3.07% | −0.86 |
| SPOT Spotify Technology SA | Reduce -42.5% | 1.62% | −0.86 |
| PM Philip Morris International | Sold out | 0.00% | −0.85 |
| NTES Netease Inc.-ADR | Sold out | 0.00% | −0.84 |
| KMI Kinder Morgan Inc. | Reduce -55.9% | 0.36% | −0.49 |
| FMX Fomento Economico Mex-SP ADR | Reduce -45.3% | 0.62% | −0.46 |
| WBD Warner Bros Discovery Inc. | Reduce -1.8% | 3.23% | −0.28 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -82.9% | 0.04% | −0.25 |
| PDD PDD Holdings Inc. | Reduce -18.3% | 2.75% | −0.24 |
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -0.3% | 1.68% | −0.20 |
| V Visa Inc. Class A | Reduce -28.8% | 0.47% | −0.18 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.17 |
| TME Tencent Music Entertainm-ADR | Reduce -18.4% | 3.52% | −0.16 |
| SBUX Starbucks Corp. | Reduce -92.6% | 0.01% | −0.16 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.10 |
| MA Mastercard Inc. Class A | Reduce -25.4% | 0.13% | −0.05 |
| FCNCA First Citizens Bcshs Class A | Reduce -3.4% | 0.17% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.03 |
| LUXE Luxexperience BV | Sold out | 0.00% | −0.01 |
| MELI MercadoLibre Inc. | Reduce -2.9% | 7.97% | +0.22 |
Portfolio Buys Q4 2024 → Q1 2025
| AU Anglogold Ashanti PLC | New | 3.43% | +3.43 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +69.8% | 8.82% | +3.13 |
| AMAT Applied Materials Inc. | New | 2.68% | +2.68 |
| MSFT Microsoft Corp. | Add +279.7% | 2.16% | +1.47 |
| SKX Skechers USA Inc. Class A | Add +212.0% | 2.46% | +1.45 |
| XYZ Block Inc. | New | 1.41% | +1.41 |
| TMO Thermo Fisher Scientific Inc. | Add +218.8% | 1.91% | +1.23 |
| EMBJ Embraer SA-Spon ADR | New | 1.11% | +1.11 |
| SE Sea Ltd.-ADR | Add +2.1% | 7.61% | +1.05 |
| MNDY Monday.com Ltd. | New | 0.90% | +0.90 |
| PGR Progressive Corp. | New | 0.22% | +0.22 |
| STNE Stoneco Ltd. Class A | Add +2.0% | 1.04% | +0.20 |
| SCHW Schwab (charles) Corp. | Add +10.6% | 2.38% | +0.18 |
| KSPI JSC Kaspi.kz ADR | Add +15.4% | 2.71% | +0.11 |
| CRH CRH PLC | New | 0.09% | +0.09 |
| NVDA Nvidia Corp. | New | 0.04% | +0.04 |
| NLOP Net Lease Office Property | New | 0.03% | +0.03 |
| CME Cme Group Inc. | Add +16.2% | 0.02% | +0.00 |
| HDB HDFC Bank Ltd.-ADR | Add +0.7% | 0.80% | −0.03 |
| GRAB Grab Holdings Ltd. Class A | Add +12.1% | 7.89% | −0.05 |
| GEHC GE Healthcare Technology | Add +0.7% | 1.48% | −0.06 |
| CP Canadian Pacific Kansas City | Add +2.8% | 0.73% | −0.06 |
| Z Zillow Group Inc. Class C | Add +0.6% | 0.84% | −0.14 |
| IBKR Interactive Brokers Gro Class A | Add +6.7% | 1.77% | −0.15 |
| DT Dynatrace Inc. | Add +2.1% | 0.76% | −0.17 |
| DIS The Walt Disney Co. | Add +1.1% | 1.02% | −0.21 |
| CPNG Coupang Inc. | Add +2.4% | 9.00% | −0.54 |
| AMZN Amazon.com Inc. | Add +1.2% | 2.55% | −0.60 |
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 |