Coronation Fund Managers Ltd.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), Coronation Fund Managers Ltd. reported 53 stock positions worth $2.2 billion. Its top holding was MercadoLibre (MELI) at 12.8% of the portfolio, followed by Sea Ltd.-ADR (SE, 12.8%) and Nu Holdings Ltd./Cayman Isl-A (NU, 10.8%). Compared with Q3 2025, it opened 11 new positions, sold out of 6, added to 29 and reduced 12. The biggest buy was Sea Ltd.-ADR (SE, shares +126%) and the biggest sale Grab Class A (GRAB, shares −24%).
- Most Recent 13F
- Q2 2026
- Location
- Cape Town, T3
- CIK
- 0001594320
- Portfolio Value
- $2.2B (Q4 2025)
- SEC Filing
- 0001172661-26-000382 ↗ filed Jan 29, 2026
Holdings Value
Holdings 53 stocks · $2.2B
| MELI MercadoLibre Inc. | 12.81% | 141,785 | $285.6M | Add +60.3% |
| SE Sea Ltd.-ADR | 12.79% | 2,235,578 | $285.2M | Add +125.8% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 10.81% | 14,403,098 | $241.1M | Reduce -3.0% |
| CPNG Coupang Inc. | 6.28% | 5,936,214 | $140.0M | Add +19.3% |
| MMYT Makemytrip Ltd. | 4.61% | 1,251,279 | $102.8M | Add +44.6% |
| GRAB Grab Holdings Ltd. Class A | 4.18% | 18,682,302 | $93.2M | Reduce -24.4% |
| AMZN Amazon.com Inc. | 3.75% | 362,770 | $83.7M | Add +14.7% |
| LPLA LPL Financial Holdings Inc. | 3.66% | 228,265 | $81.5M | Add +21.4% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 3.47% | 990,623 | $77.4M | Add +20.3% |
| MLCO Melco Resorts & Entert-ADR | 2.83% | 8,335,219 | $63.1M | Add +2.9% |
| ELV Elevance Health Inc. | 2.50% | 159,249 | $55.8M | Add +24.9% |
| META Meta Platforms Inc. Class A | 2.47% | 83,489 | $55.1M | Add +57.3% |
| SCHW Schwab (charles) Corp. | 2.08% | 463,479 | $46.3M | Add +0.6% |
| MSFT Microsoft Corp. | 2.01% | 92,813 | $44.9M | Add +4.0% |
| V Visa Inc. Class A | 1.90% | 120,905 | $42.4M | New |
| SPOT Spotify Technology SA | 1.88% | 72,142 | $41.9M | Add +210.8% |
| STNE Stoneco Ltd. Class A | 1.66% | 2,499,733 | $37.0M | Add +71.7% |
| SPGI S&P Global Inc. | 1.55% | 66,159 | $34.6M | New |
| BKNG Booking Holdings Inc. | 1.54% | 6,402 | $34.3M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.41% | 275,817 | $31.4M | Add +49.0% |
| TMO Thermo Fisher Scientific Inc. | 1.33% | 50,995 | $29.5M | Reduce -31.7% |
| UNH Unitedhealth Group Inc. | 1.26% | 85,185 | $28.1M | Add +9.0% |
| GTLB Gitlab Inc. Class A | 1.21% | 717,483 | $26.9M | Add +18.3% |
| UBER Uber Technologies Inc. | 1.14% | 311,488 | $25.5M | New |
| MNDY Monday.com Ltd. | 0.91% | 138,085 | $20.4M | Add +43.5% |
| CVNA Carvana Co. | 0.81% | 42,860 | $18.1M | New |
| EMBJ Embraer SA-Spon ADR | 0.81% | 279,266 | $18.0M | Reduce -13.3% |
| HDB HDFC Bank Ltd.-ADR | 0.79% | 483,614 | $17.7M | Add +584.5% |
| CPT Camden Property Trust | 0.79% | 159,727 | $17.6M | New |
| IQV Iqvia Holdings Inc. | 0.76% | 74,783 | $16.9M | Add +7.7% |
| REXR Rexford Industrial Realty Inc. | 0.71% | 409,723 | $15.9M | Add +4.9% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.68% | 241,124 | $15.2M | New |
| NKE Nike Inc. Class B | 0.66% | 230,179 | $14.7M | Add +34.0% |
| DT Dynatrace Inc. | 0.51% | 262,572 | $11.4M | Reduce -3.7% |
| LEN Lennar Corp. Class A | 0.50% | 109,220 | $11.2M | Reduce -2.8% |
| Z Zillow Group Inc. Class C | 0.46% | 151,555 | $10.3M | Reduce -35.6% |
| ET Energy Transfer LP | 0.45% | 603,284 | $9.9M | New |
| KMI Kinder Morgan Inc. | 0.31% | 247,656 | $6.8M | Add +5.7% |
| DHR Danaher Corp. | 0.24% | 23,396 | $5.4M | Add +48.5% |
| GEHC GE Healthcare Technology | 0.24% | 65,097 | $5.3M | Reduce -80.3% |
| CRH CRH PLC | 0.19% | 34,116 | $4.3M | Reduce -19.2% |
| UNP Union Pacific Corp. | 0.17% | 16,150 | $3.7M | New |
| CP Canadian Pacific Kansas City | 0.15% | 46,057 | $3.4M | Add +11.8% |
| TRU Transunion | 0.15% | 38,898 | $3.3M | Add +18.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.13% | 9,494 | $2.9M | Add +98.8% |
| HUM Humana Inc. | 0.12% | 10,031 | $2.6M | New |
| CNI Canadian Natl Railway Co. | 0.08% | 19,138 | $1.9M | No change |
| IBKR Interactive Brokers Gro Class A | 0.08% | 26,862 | $1.7M | Reduce -92.9% |
| PGR Progressive Corp. | 0.08% | 7,551 | $1.7M | New |
| AMAT Applied Materials Inc. | 0.06% | 5,002 | $1.3M | Reduce -96.8% |
| NLOP Net Lease Office Property | 0.03% | 25,260 | $651K | Add +66.3% |
| JD Jd.com Inc.-ADR | 0.01% | 8,741 | $251K | Reduce -31.6% |
| IBN Icici Bank Ltd.-Spon ADR | 0.01% | 8,075 | $241K | Add +8.9% |
Portfolio Sells Q3 2025 → Q4 2025
| GRAB Grab Holdings Ltd. Class A | Reduce -24.4% | 4.18% | −3.58 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −1.65 |
| AMAT Applied Materials Inc. | Reduce -96.8% | 0.06% | −1.63 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -3.0% | 10.81% | −1.60 |
| IBKR Interactive Brokers Gro Class A | Reduce -92.9% | 0.08% | −1.29 |
| GEHC GE Healthcare Technology | Reduce -80.3% | 0.24% | −1.05 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.59 |
| TMO Thermo Fisher Scientific Inc. | Reduce -31.7% | 1.33% | −0.56 |
| Z Zillow Group Inc. Class C | Reduce -35.6% | 0.46% | −0.48 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.43 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −0.42 |
| AU Anglogold Ashanti PLC | Sold out | 0.00% | −0.37 |
| LEN Lennar Corp. Class A | Reduce -2.8% | 0.50% | −0.24 |
| EMBJ Embraer SA-Spon ADR | Reduce -13.3% | 0.81% | −0.21 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.20 |
| DT Dynatrace Inc. | Reduce -3.7% | 0.51% | −0.18 |
| CRH CRH PLC | Reduce -19.2% | 0.19% | −0.07 |
| JD Jd.com Inc.-ADR | Reduce -31.6% | 0.01% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| SE Sea Ltd.-ADR | Add +125.8% | 12.79% | +3.56 |
| MELI MercadoLibre Inc. | Add +60.3% | 12.81% | +2.02 |
| V Visa Inc. Class A | New | 1.90% | +1.90 |
| SPGI S&P Global Inc. | New | 1.55% | +1.55 |
| BKNG Booking Holdings Inc. | New | 1.54% | +1.54 |
| UBER Uber Technologies Inc. | New | 1.14% | +1.14 |
| SPOT Spotify Technology SA | Add +210.8% | 1.88% | +1.03 |
| CVNA Carvana Co. | New | 0.81% | +0.81 |
| CPT Camden Property Trust | New | 0.79% | +0.79 |
| VMRK Vivmark Residential | New | 0.68% | +0.68 |
| HDB HDFC Bank Ltd.-ADR | Add +584.5% | 0.79% | +0.67 |
| ET Energy Transfer LP | New | 0.45% | +0.45 |
| META Meta Platforms Inc. Class A | Add +57.3% | 2.47% | +0.44 |
| LPLA LPL Financial Holdings Inc. | Add +21.4% | 3.66% | +0.39 |
| MMYT Makemytrip Ltd. | Add +44.6% | 4.61% | +0.38 |
| ELV Elevance Health Inc. | Add +24.9% | 2.50% | +0.35 |
| DIS The Walt Disney Co. | Add +49.0% | 1.41% | +0.30 |
| STNE Stoneco Ltd. Class A | Add +71.7% | 1.66% | +0.22 |
| UNP Union Pacific Corp. | New | 0.17% | +0.17 |
| AMZN Amazon.com Inc. | Add +14.7% | 3.75% | +0.13 |
| HUM Humana Inc. | New | 0.12% | +0.12 |
| DHR Danaher Corp. | Add +48.5% | 0.24% | +0.08 |
| PGR Progressive Corp. | New | 0.08% | +0.08 |
| IQV Iqvia Holdings Inc. | Add +7.7% | 0.76% | +0.07 |
| TSM Taiwan Semiconductor-SP ADR | Add +98.8% | 0.13% | +0.06 |
| NKE Nike Inc. Class B | Add +34.0% | 0.66% | +0.03 |
| TRU Transunion | Add +18.4% | 0.15% | +0.01 |
| NLOP Net Lease Office Property | Add +66.3% | 0.03% | +0.01 |
| IBN Icici Bank Ltd.-Spon ADR | Add +8.9% | 0.01% | −0.00 |
| CP Canadian Pacific Kansas City | Add +11.8% | 0.15% | −0.01 |
| KSPI JSC Kaspi.kz ADR | Add +20.3% | 3.47% | −0.04 |
| KMI Kinder Morgan Inc. | Add +5.7% | 0.31% | −0.04 |
| MNDY Monday.com Ltd. | Add +43.5% | 0.91% | −0.06 |
| REXR Rexford Industrial Realty Inc. | Add +4.9% | 0.71% | −0.13 |
| UNH Unitedhealth Group Inc. | Add +9.0% | 1.26% | −0.15 |
| SCHW Schwab (charles) Corp. | Add +0.6% | 2.08% | −0.22 |
| GTLB Gitlab Inc. Class A | Add +18.3% | 1.21% | −0.22 |
| MSFT Microsoft Corp. | Add +4.0% | 2.01% | −0.40 |
| MLCO Melco Resorts & Entert-ADR | Add +2.9% | 2.83% | −1.05 |
| CPNG Coupang Inc. | Add +19.3% | 6.28% | −2.08 |
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 |