Coronation Fund Managers Ltd.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), Coronation Fund Managers Ltd. reported 48 stock positions worth $1.9 billion. Its top holding was Nu Holdings Ltd./Cayman Isl-A (NU) at 12.4% of the portfolio, followed by MercadoLibre (MELI, 10.8%) and Sea Ltd.-ADR (SE, 9.2%). Compared with Q2 2025, it opened 5 new positions, sold out of 6, added to 15 and reduced 26. The biggest buy was MercadoLibre (MELI, shares +64%) and the biggest sale an exit from Ryanair Holdings PLC-SP ADR (RYAAY).
- Most Recent 13F
- Q2 2026
- Location
- Cape Town, T3
- CIK
- 0001594320
- Portfolio Value
- $1.9B (Q3 2025)
- SEC Filing
- 0001172661-25-004616 ↗ filed Nov 7, 2025
Holdings Value
Holdings 48 stocks · $1.9B
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 12.41% | 14,856,027 | $237.8M | Reduce -7.2% |
| MELI MercadoLibre Inc. | 10.78% | 88,433 | $206.7M | Add +64.0% |
| SE Sea Ltd.-ADR | 9.23% | 989,926 | $176.9M | Add +4.8% |
| CPNG Coupang Inc. | 8.36% | 4,975,812 | $160.2M | Reduce -13.3% |
| GRAB Grab Holdings Ltd. Class A | 7.76% | 24,715,653 | $148.8M | Reduce -17.9% |
| MMYT Makemytrip Ltd. | 4.23% | 865,168 | $81.0M | Add +233.0% |
| MLCO Melco Resorts & Entert-ADR | 3.88% | 8,103,914 | $74.3M | Add +4.4% |
| AMZN Amazon.com Inc. | 3.63% | 316,388 | $69.5M | Add +0.4% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 3.51% | 823,295 | $67.2M | Reduce -7.0% |
| LPLA LPL Financial Holdings Inc. | 3.26% | 187,973 | $62.5M | Add +24.5% |
| MSFT Microsoft Corp. | 2.41% | 89,264 | $46.2M | Reduce -14.6% |
| SCHW Schwab (charles) Corp. | 2.30% | 460,790 | $44.0M | Reduce -4.1% |
| ELV Elevance Health Inc. | 2.15% | 127,495 | $41.2M | Reduce -7.2% |
| META Meta Platforms Inc. Class A | 2.03% | 53,080 | $39.0M | Reduce -11.9% |
| TMO Thermo Fisher Scientific Inc. | 1.89% | 74,647 | $36.2M | Reduce -13.8% |
| AMAT Applied Materials Inc. | 1.69% | 158,144 | $32.4M | Reduce -11.7% |
| WBD Warner Bros Discovery Inc. | 1.65% | 1,620,341 | $31.6M | Reduce -66.4% |
| STNE Stoneco Ltd. Class A | 1.44% | 1,456,269 | $27.5M | Reduce -30.1% |
| GTLB Gitlab Inc. Class A | 1.43% | 606,557 | $27.3M | Add +18.4% |
| UNH Unitedhealth Group Inc. | 1.41% | 78,149 | $27.0M | Add +96.0% |
| IBKR Interactive Brokers Gro Class A | 1.36% | 379,507 | $26.1M | Reduce -42.2% |
| GEHC GE Healthcare Technology | 1.29% | 329,700 | $24.8M | Reduce -3.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.11% | 185,165 | $21.2M | Reduce -17.6% |
| EMBJ Embraer SA-Spon ADR | 1.02% | 321,910 | $19.5M | Reduce -37.7% |
| MNDY Monday.com Ltd. | 0.97% | 96,214 | $18.6M | Add +22.4% |
| Z Zillow Group Inc. Class C | 0.95% | 235,448 | $18.1M | New |
| SPOT Spotify Technology SA | 0.85% | 23,209 | $16.2M | Add +3.5% |
| REXR Rexford Industrial Realty Inc. | 0.84% | 390,690 | $16.1M | Add +43.5% |
| LEN Lennar Corp. Class A | 0.74% | 112,349 | $14.2M | New |
| DT Dynatrace Inc. | 0.69% | 272,612 | $13.2M | Reduce -25.5% |
| IQV Iqvia Holdings Inc. | 0.69% | 69,434 | $13.2M | Add +382.5% |
| NKE Nike Inc. Class B | 0.63% | 171,797 | $12.0M | Reduce -17.2% |
| NVDA Nvidia Corp. | 0.59% | 60,282 | $11.2M | Reduce -55.4% |
| CVS CVS Health Corp. | 0.43% | 110,183 | $8.3M | New |
| CFLT Confluent Inc. Class A | 0.42% | 405,615 | $8.0M | Reduce -1.4% |
| AU Anglogold Ashanti PLC | 0.37% | 99,754 | $7.0M | Reduce -59.0% |
| KMI Kinder Morgan Inc. | 0.35% | 234,297 | $6.6M | No change |
| CRH CRH PLC | 0.26% | 42,220 | $5.1M | Reduce -14.4% |
| GOOGL Alphabet Inc. Class A | 0.20% | 15,386 | $3.7M | Reduce -27.6% |
| DHR Danaher Corp. | 0.16% | 15,757 | $3.1M | Add +64.2% |
| CP Canadian Pacific Kansas City | 0.16% | 41,179 | $3.1M | Reduce -14.2% |
| TRU Transunion | 0.14% | 32,839 | $2.8M | New |
| HDB HDFC Bank Ltd.-ADR | 0.13% | 70,653 | $2.4M | Add +19.9% |
| CNI Canadian Natl Railway Co. | 0.09% | 19,138 | $1.8M | Reduce -16.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.07% | 4,775 | $1.3M | Reduce -5.4% |
| NLOP Net Lease Office Property | 0.02% | 15,192 | $451K | No change |
| JD Jd.com Inc.-ADR | 0.02% | 12,777 | $447K | Add +102.3% |
| IBN Icici Bank Ltd.-Spon ADR | 0.01% | 7,412 | $224K | New |
Portfolio Sells Q2 2025 → Q3 2025
| RYAAY Ryanair Holdings PLC-SP ADR | Sold out | 0.00% | −1.52 |
| WBD Warner Bros Discovery Inc. | Reduce -66.4% | 1.65% | −1.35 |
| CPNG Coupang Inc. | Reduce -13.3% | 8.36% | −0.96 |
| TPR Tapestry Inc. | Sold out | 0.00% | −0.95 |
| ELV Elevance Health Inc. | Reduce -7.2% | 2.15% | −0.75 |
| IBKR Interactive Brokers Gro Class A | Reduce -42.2% | 1.36% | −0.61 |
| EMBJ Embraer SA-Spon ADR | Reduce -37.7% | 1.02% | −0.58 |
| NVDA Nvidia Corp. | Reduce -55.4% | 0.59% | −0.57 |
| KSPI JSC Kaspi.kz ADR | Reduce -7.0% | 3.51% | −0.56 |
| GRAB Grab Holdings Ltd. Class A | Reduce -17.9% | 7.76% | −0.44 |
| MSFT Microsoft Corp. | Reduce -14.6% | 2.41% | −0.41 |
| DT Dynatrace Inc. | Reduce -25.5% | 0.69% | −0.41 |
| DIS The Walt Disney Co. | Reduce -17.6% | 1.11% | −0.41 |
| META Meta Platforms Inc. Class A | Reduce -11.9% | 2.03% | −0.38 |
| STNE Stoneco Ltd. Class A | Reduce -30.1% | 1.44% | −0.37 |
| VMRK Vivmark Residential | Sold out | 0.00% | −0.35 |
| CPT Camden Property Trust | Sold out | 0.00% | −0.34 |
| AU Anglogold Ashanti PLC | Reduce -59.0% | 0.37% | −0.23 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.23 |
| NKE Nike Inc. Class B | Reduce -17.2% | 0.63% | −0.17 |
| CFLT Confluent Inc. Class A | Reduce -1.4% | 0.42% | −0.14 |
| AMAT Applied Materials Inc. | Reduce -11.7% | 1.69% | −0.09 |
| GEHC GE Healthcare Technology | Reduce -3.8% | 1.29% | −0.08 |
| SCHW Schwab (charles) Corp. | Reduce -4.1% | 2.30% | −0.08 |
| CP Canadian Pacific Kansas City | Reduce -14.2% | 0.16% | −0.05 |
| CNI Canadian Natl Railway Co. | Reduce -16.1% | 0.09% | −0.03 |
| DKNG Draftkings Inc. Class A | Sold out | 0.00% | −0.03 |
| TMO Thermo Fisher Scientific Inc. | Reduce -13.8% | 1.89% | −0.01 |
| GOOGL Alphabet Inc. Class A | Reduce -27.6% | 0.20% | −0.01 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -5.4% | 0.07% | +0.01 |
| CRH CRH PLC | Reduce -14.4% | 0.26% | +0.02 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -7.2% | 12.41% | +0.50 |
Portfolio Buys Q2 2025 → Q3 2025
| MELI MercadoLibre Inc. | Add +64.0% | 10.78% | +3.14 |
| MMYT Makemytrip Ltd. | Add +233.0% | 4.23% | +2.85 |
| SE Sea Ltd.-ADR | Add +4.8% | 9.23% | +1.04 |
| Z Zillow Group Inc. Class C | New | 0.95% | +0.95 |
| MLCO Melco Resorts & Entert-ADR | Add +4.4% | 3.88% | +0.83 |
| LEN Lennar Corp. Class A | New | 0.74% | +0.74 |
| UNH Unitedhealth Group Inc. | Add +96.0% | 1.41% | +0.73 |
| IQV Iqvia Holdings Inc. | Add +382.5% | 0.69% | +0.57 |
| CVS CVS Health Corp. | New | 0.43% | +0.43 |
| REXR Rexford Industrial Realty Inc. | Add +43.5% | 0.84% | +0.31 |
| LPLA LPL Financial Holdings Inc. | Add +24.5% | 3.26% | +0.19 |
| GTLB Gitlab Inc. Class A | Add +18.4% | 1.43% | +0.17 |
| TRU Transunion | New | 0.14% | +0.14 |
| DHR Danaher Corp. | Add +64.2% | 0.16% | +0.06 |
| JD Jd.com Inc.-ADR | Add +102.3% | 0.02% | +0.01 |
| IBN Icici Bank Ltd.-Spon ADR | New | 0.01% | +0.01 |
| HDB HDFC Bank Ltd.-ADR | Add +19.9% | 0.13% | +0.00 |
| SPOT Spotify Technology SA | Add +3.5% | 0.85% | −0.09 |
| AMZN Amazon.com Inc. | Add +0.4% | 3.63% | −0.12 |
| MNDY Monday.com Ltd. | Add +22.4% | 0.97% | −0.37 |
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 |