Fairtree Asset Management (Pty) Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Fairtree Asset Management (Pty) Ltd reported 93 stock positions worth $132.6 million. Its top holding was JSC Kaspi.kz ADR (KSPI) at 7.0% of the portfolio, followed by Microsoft (MSFT, 6.0%) and Alphabet Class C (GOOG, 5.8%). Compared with Q1 2025, it opened 14 new positions, sold out of 24, added to 42 and reduced 11. The biggest buy was Alphabet Class C (GOOG, shares +25%) and the biggest sale an exit from Freeport-McMoran (FCX).
- Most Recent 13F
- Q2 2026
- Location
- BELLVILLE, T3
- CIK
- 0002059365
- Portfolio Value
- $132.6M (Q2 2025)
- SEC Filing
- 0002059365-25-000005 ↗ filed Aug 13, 2025
Holdings Value
Holdings 93 stocks · $132.6M
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 7.01% | 109,506 | $9.3M | Add +12.3% |
| MSFT Microsoft Corp. | 6.02% | 16,041 | $8.0M | Reduce -4.4% |
| GOOG Alphabet Inc. Class C | 5.76% | 43,065 | $7.6M | Add +25.2% |
| GOVT iShares US Treasury Bond ETF | 4.84% | 279,555 | $6.4M | Add +9.6% |
| JD Jd.com Inc.-ADR | 4.63% | 188,303 | $6.1M | Add +23.0% |
| BABA Alibaba Group Holding-SP ADR | 3.71% | 43,357 | $4.9M | Add +10.9% |
| AMZN Amazon.com Inc. | 3.06% | 18,479 | $4.1M | Add +0.5% |
| NVDA Nvidia Corp. | 2.82% | 23,666 | $3.7M | Add +3.1% |
| PDD PDD Holdings Inc. | 2.46% | 31,168 | $3.3M | Reduce -43.2% |
| META Meta Platforms Inc. Class A | 2.39% | 4,289 | $3.2M | Add +8.9% |
| AAPL Apple Inc. | 2.22% | 14,378 | $2.9M | Add +37.9% |
| QCOM Qualcomm Inc. | 1.91% | 15,908 | $2.5M | Add +15.9% |
| AMAT Applied Materials Inc. | 1.79% | 12,990 | $2.4M | Add +93.0% |
| B Barrick Mining Corp. | 1.71% | 108,834 | $2.3M | Add +208.3% |
| TMO Thermo Fisher Scientific Inc. | 1.69% | 5,535 | $2.2M | Add +45.2% |
| ADBE Adobe Inc. | 1.67% | 5,710 | $2.2M | Add +19.3% |
| CROX Crocs Inc. | 1.30% | 16,989 | $1.7M | Add +12.2% |
| BP BP PLC-Spons ADR | 1.25% | 55,353 | $1.7M | Add +299.1% |
| SNPS Synopsys Inc. | 1.23% | 3,176 | $1.6M | Add +10.1% |
| AVGO Broadcom Inc. | 1.18% | 5,681 | $1.6M | Reduce -25.6% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.15% | 111,020 | $1.5M | New |
| PLD Prologis Inc. | 1.11% | 14,011 | $1.5M | No change |
| TOL Toll Brothers Inc. | 0.98% | 11,440 | $1.3M | Add +114.7% |
| ORCL Oracle Corp. | 0.98% | 5,949 | $1.3M | Reduce -5.4% |
| DHI D.R. Horton Inc. | 0.96% | 9,883 | $1.3M | Add +142.2% |
| GFI Gold Fields Ltd.-Spons ADR | 0.96% | 53,810 | $1.3M | New |
| JNJ Johnson & Johnson | 0.96% | 8,326 | $1.3M | Add +104.8% |
| KLAC KLA Corp. | 0.92% | 1,357 | $1.2M | No change |
| BKNG Booking Holdings Inc. | 0.87% | 200 | $1.2M | No change |
| MRK Merck & Co. Inc. | 0.84% | 14,026 | $1.1M | Add +75.1% |
| ARE Alexandria Real Estate Equit | 0.83% | 15,147 | $1.1M | New |
| LLY Eli Lilly & Co. | 0.82% | 1,391 | $1.1M | Add +174.9% |
| CNC Centene Corp. | 0.80% | 19,530 | $1.1M | Add +3.4% |
| CRM Salesforce Inc. | 0.79% | 3,857 | $1.1M | Add +136.3% |
| EME Emcor Group Inc. | 0.79% | 1,965 | $1.1M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.79% | 2,147 | $1.0M | Add +126.5% |
| O Realty Income Corp. | 0.78% | 18,018 | $1.0M | No change |
| MCK McKesson Corp. | 0.76% | 1,380 | $1.0M | Add +14.6% |
| MA Mastercard Inc. Class A | 0.76% | 1,795 | $1.0M | Add +23.4% |
| PGR Progressive Corp. | 0.76% | 3,776 | $1.0M | New |
| LOW Lowe's Cos Inc. | 0.74% | 4,446 | $986K | New |
| ELV Elevance Health Inc. | 0.74% | 2,512 | $977K | No change |
| JPM JPMorgan Chase & Co. | 0.72% | 3,293 | $955K | No change |
| MSCI MSCI Inc. | 0.71% | 1,635 | $943K | No change |
| AMD Advanced Micro Devices | 0.68% | 6,390 | $907K | No change |
| EQIX Equinix Inc. | 0.68% | 1,137 | $904K | Add +132.0% |
| SPGI S&P Global Inc. | 0.67% | 1,697 | $895K | No change |
| V Visa Inc. Class A | 0.65% | 2,442 | $867K | Add +93.7% |
| CPT Camden Property Trust | 0.65% | 7,637 | $861K | No change |
| IQV Iqvia Holdings Inc. | 0.62% | 5,219 | $822K | No change |
| MU Micron Technology Inc. | 0.62% | 6,664 | $821K | Add +14.2% |
| ENSG The Ensign Group Inc. | 0.59% | 5,105 | $787K | Add +70.6% |
| FISV Fiserv Inc. | 0.59% | 4,565 | $787K | New |
| RJF Raymond James Financial Inc. | 0.59% | 5,067 | $777K | No change |
| MELI MercadoLibre Inc. | 0.59% | 297 | $776K | No change |
| ELS Equity Lifestyle Properties | 0.58% | 12,477 | $769K | New |
| CUBE Cubesmart | 0.57% | 17,924 | $762K | No change |
| RMD Resmed Inc. | 0.55% | 2,809 | $725K | No change |
| ZTS Zoetis Inc. | 0.54% | 4,562 | $711K | New |
| KIM Kimco Realty Corp. | 0.53% | 33,557 | $705K | No change |
| ABNB Airbnb Inc. Class A | 0.53% | 5,302 | $702K | No change |
| DOC Healthpeak Properties Inc. | 0.53% | 39,861 | $698K | No change |
| FTNT Fortinet Inc. | 0.52% | 6,580 | $696K | Add +14.3% |
| COR Cencora Inc. | 0.52% | 2,309 | $692K | Add +28.4% |
| AOS Smith (a.o.) Corp. | 0.52% | 10,452 | $685K | Add +56.9% |
| HCA HCA Healthcare Inc. | 0.51% | 1,754 | $672K | No change |
| UTHR United Therapeutics Corp. | 0.50% | 2,311 | $664K | Add +26.2% |
| DECK Deckers Outdoor Corp. | 0.50% | 6,428 | $663K | New |
| EW Edwards Lifesciences Corp. | 0.49% | 8,378 | $655K | Reduce -24.5% |
| TCOM Trip.com Group Ltd.-ADR | 0.49% | 11,065 | $649K | Add +50.1% |
| EPAM Epam Systems Inc. | 0.49% | 3,643 | $644K | Add +64.9% |
| FRT Federal Realty Invs Trust | 0.48% | 6,708 | $637K | New |
| DLR Digital Realty Trust Inc. | 0.44% | 3,328 | $580K | Reduce -56.4% |
| KO The Coca-Cola Co. | 0.43% | 8,108 | $574K | Reduce -34.5% |
| AXP American Express Co. | 0.43% | 1,783 | $569K | No change |
| GPN Global Payments Inc. | 0.41% | 6,767 | $542K | No change |
| ADC Agree Realty Corp. | 0.32% | 5,836 | $426K | New |
| REXR Rexford Industrial Realty Inc. | 0.32% | 11,920 | $424K | Reduce -58.1% |
| INFY Infosys Ltd.-SP ADR | 0.29% | 20,573 | $381K | Add +80.5% |
| KSA Ishrs MSCI Saudi Arabia ETF | 0.28% | 9,669 | $373K | Add +93.8% |
| GLPI Gaming and Leisure Propertie | 0.28% | 7,904 | $369K | No change |
| BIDU Baidu Inc. - Spon ADR | 0.27% | 4,108 | $352K | Add +138.3% |
| EWT iShares MSCI Taiwan ETF | 0.24% | 5,629 | $323K | Add +74.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.22% | 1,306 | $296K | Add +2.1% |
| AFYA Afya Ltd. Class A | 0.18% | 13,683 | $244K | New |
| XP XP Inc. Class A | 0.18% | 11,998 | $242K | New |
| PAGS Pagseguro Digital Ltd. Class A | 0.18% | 24,785 | $239K | New |
| FMX Fomento Economico Mex-SP ADR | 0.17% | 2,220 | $229K | Reduce -4.9% |
| INDA iShares MSCI India ETF | 0.17% | 4,094 | $228K | No change |
| HDB HDFC Bank Ltd.-ADR | 0.14% | 2,394 | $184K | No change |
| UNH Unitedhealth Group Inc. | 0.06% | 257 | $80K | Reduce -90.1% |
| EWY iShares MSCI South Korea ETF | 0.03% | 644 | $46K | Reduce -85.1% |
| EPU iShares MSCI Peru and Global | 0.00% | 100 | $5K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −5.57 |
| PDD PDD Holdings Inc. | Reduce -43.2% | 2.46% | −2.76 |
| ROST Ross Stores Inc. | Sold out | 0.00% | −1.04 |
| UNH Unitedhealth Group Inc. | Reduce -90.1% | 0.06% | −1.03 |
| SYY Sysco Corp. | Sold out | 0.00% | −0.86 |
| VMRK Vivmark Residential | Sold out | 0.00% | −0.71 |
| REXR Rexford Industrial Realty Inc. | Reduce -58.1% | 0.32% | −0.58 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.52 |
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −0.51 |
| FERG Ferguson Enterprises Inc. | Sold out | 0.00% | −0.50 |
| BXP BXP Inc. | Sold out | 0.00% | −0.49 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.48 |
| VALE Vale SA-SP ADR | Sold out | 0.00% | −0.47 |
| DLR Digital Realty Trust Inc. | Reduce -56.4% | 0.44% | −0.44 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.44 |
| BRX Brixmor Property Group Inc. | Sold out | 0.00% | −0.43 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.40 |
| DPZ Domino's Pizza Inc. | Sold out | 0.00% | −0.40 |
| NDAQ Nasdaq Inc. | Sold out | 0.00% | −0.38 |
| LPLA LPL Financial Holdings Inc. | Sold out | 0.00% | −0.38 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −0.36 |
| MAC The Macerich Co. | Sold out | 0.00% | −0.36 |
| BNL Broadstone Net Lease Inc. | Sold out | 0.00% | −0.36 |
| KRC Kilroy Realty Corp. | Sold out | 0.00% | −0.34 |
| ATKR Atkore Inc. | Sold out | 0.00% | −0.32 |
| EXR Extra Space Storage Inc. | Sold out | 0.00% | −0.28 |
| KO The Coca-Cola Co. | Reduce -34.5% | 0.43% | −0.28 |
| EWY iShares MSCI South Korea ETF | Reduce -85.1% | 0.03% | −0.15 |
| EW Edwards Lifesciences Corp. | Reduce -24.5% | 0.49% | −0.15 |
| EIDO iShares MSCI Indonesia ETF | Sold out | 0.00% | −0.08 |
| PBR Petroleo Brasileiro-Spon ADR | Sold out | 0.00% | −0.08 |
| FMX Fomento Economico Mex-SP ADR | Reduce -4.9% | 0.17% | −0.01 |
| AVGO Broadcom Inc. | Reduce -25.6% | 1.18% | +0.15 |
| ORCL Oracle Corp. | Reduce -5.4% | 0.98% | +0.27 |
| MSFT Microsoft Corp. | Reduce -4.4% | 6.02% | +0.95 |
Portfolio Buys Q1 2025 → Q2 2025
| GOOG Alphabet Inc. Class C | Add +25.2% | 5.76% | +1.43 |
| B Barrick Mining Corp. | Add +208.3% | 1.71% | +1.16 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 1.15% | +1.15 |
| AMAT Applied Materials Inc. | Add +93.0% | 1.79% | +1.01 |
| GFI Gold Fields Ltd.-Spons ADR | New | 0.96% | +0.96 |
| BP BP PLC-Spons ADR | Add +299.1% | 1.25% | +0.87 |
| ARE Alexandria Real Estate Equit | New | 0.83% | +0.83 |
| NVDA Nvidia Corp. | Add +3.1% | 2.82% | +0.82 |
| PGR Progressive Corp. | New | 0.76% | +0.76 |
| LOW Lowe's Cos Inc. | New | 0.74% | +0.74 |
| FISV Fiserv Inc. | New | 0.59% | +0.59 |
| ELS Equity Lifestyle Properties | New | 0.58% | +0.58 |
| META Meta Platforms Inc. Class A | Add +8.9% | 2.39% | +0.56 |
| DHI D.R. Horton Inc. | Add +142.2% | 0.96% | +0.54 |
| ZTS Zoetis Inc. | New | 0.54% | +0.54 |
| TOL Toll Brothers Inc. | Add +114.7% | 0.98% | +0.53 |
| DECK Deckers Outdoor Corp. | New | 0.50% | +0.50 |
| LLY Eli Lilly & Co. | Add +174.9% | 0.82% | +0.48 |
| FRT Federal Realty Invs Trust | New | 0.48% | +0.48 |
| CRM Salesforce Inc. | Add +136.3% | 0.79% | +0.44 |
| JNJ Johnson & Johnson | Add +104.8% | 0.96% | +0.42 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +126.5% | 0.79% | +0.38 |
| EQIX Equinix Inc. | Add +132.0% | 0.68% | +0.36 |
| AAPL Apple Inc. | Add +37.9% | 2.22% | +0.36 |
| ADC Agree Realty Corp. | New | 0.32% | +0.32 |
| V Visa Inc. Class A | Add +93.7% | 0.65% | +0.30 |
| ENSG The Ensign Group Inc. | Add +70.6% | 0.59% | +0.28 |
| MRK Merck & Co. Inc. | Add +75.1% | 0.84% | +0.26 |
| AMZN Amazon.com Inc. | Add +0.5% | 3.06% | +0.24 |
| SNPS Synopsys Inc. | Add +10.1% | 1.23% | +0.23 |
| QCOM Qualcomm Inc. | Add +15.9% | 1.91% | +0.21 |
| MU Micron Technology Inc. | Add +14.2% | 0.62% | +0.21 |
| ADBE Adobe Inc. | Add +19.3% | 1.67% | +0.19 |
| EPAM Epam Systems Inc. | Add +64.9% | 0.49% | +0.19 |
| AFYA Afya Ltd. Class A | New | 0.18% | +0.18 |
| XP XP Inc. Class A | New | 0.18% | +0.18 |
| PAGS Pagseguro Digital Ltd. Class A | New | 0.18% | +0.18 |
| AOS Smith (a.o.) Corp. | Add +56.9% | 0.52% | +0.17 |
| TMO Thermo Fisher Scientific Inc. | Add +45.2% | 1.69% | +0.17 |
| BIDU Baidu Inc. - Spon ADR | Add +138.3% | 0.27% | +0.14 |
| GOVT iShares US Treasury Bond ETF | Add +9.6% | 4.84% | +0.13 |
| EWT iShares MSCI Taiwan ETF | Add +74.4% | 0.24% | +0.12 |
| INFY Infosys Ltd.-SP ADR | Add +80.5% | 0.29% | +0.12 |
| COR Cencora Inc. | Add +28.4% | 0.52% | +0.12 |
| MA Mastercard Inc. Class A | Add +23.4% | 0.76% | +0.12 |
| KSA Ishrs MSCI Saudi Arabia ETF | Add +93.8% | 0.28% | +0.11 |
| TCOM Trip.com Group Ltd.-ADR | Add +50.1% | 0.49% | +0.11 |
| MCK McKesson Corp. | Add +14.6% | 0.76% | +0.11 |
| FTNT Fortinet Inc. | Add +14.3% | 0.52% | +0.08 |
| TSM Taiwan Semiconductor-SP ADR | Add +2.1% | 0.22% | +0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 96 | $260.9M | MSFT, NVDA, AMZN, GOOG, KSPI |
| Q1 2026 | 96 | $217.8M | MSFT, NVDA, AMZN, KSPI, GOOG |
| Q4 2025 | 101 | $217.3M | MSFT, KSPI, AMZN, GOOG, NVDA |
| Q3 2025 | 94 | $152.7M | KSPI, MSFT, GOOG, GOVT, JD |
| Q2 2025 | 93 | $132.6M | KSPI, MSFT, GOOG, GOVT, JD |
| Q1 2025 | 103 | $124.3M | KSPI, FCX, PDD, JD, MSFT |
| Q4 2024Amended | 96 | $104.5M | KSPI, PDD, GOVT, JD, BABA |