Perpetual Ltd
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 17, 2025), Perpetual Ltd reported 409 stock positions worth $8.5 billion. Its top holding was Flutter Entertainment PLC-Di (FLUT) at 3.7% of the portfolio, followed by Microsoft (MSFT, 3.2%) and MercadoLibre (MELI, 3.0%). Compared with Q3 2024, it opened 44 new positions, sold out of 53, added to 133 and reduced 185. The biggest buy was Sea Ltd.-ADR (SE, shares +3033%) and the biggest sale Linde (LIN, shares −72%).
- Most Recent 13F
- Q2 2026
- Location
- SYDNEY, NEW SOUTH WALES, C3
- CIK
- 0001647273
- Portfolio Value
- $8.5B (Q4 2024)
- SEC Filing
- 0001104659-25-004279 ↗ filed Jan 17, 2025
Holdings Value
Holdings 409 stocks · $8.5B
| FLUT Flutter Entertainment PLC-Di | 3.69% | 1,217,224 | $314.6M | Reduce -18.5% |
| MSFT Microsoft Corp. | 3.25% | 656,229 | $276.6M | Reduce -5.7% |
| MELI MercadoLibre Inc. | 3.00% | 150,202 | $255.4M | Reduce -6.2% |
| SPOT Spotify Technology SA | 2.68% | 510,020 | $228.2M | Reduce -32.9% |
| ICE Intercontinental Exchange Inc. | 2.67% | 1,528,853 | $227.8M | Reduce -11.1% |
| SE Sea Ltd.-ADR | 2.61% | 2,098,003 | $222.6M | Add +3033.0% |
| SRE Sempra | 2.56% | 2,481,606 | $217.7M | Reduce -9.8% |
| CRH CRH PLC | 2.54% | 2,336,948 | $216.2M | Reduce -16.2% |
| GRAB Grab Holdings Ltd. Class A | 2.50% | 45,164,580 | $213.2M | New |
| PM Philip Morris International | 2.14% | 1,516,409 | $182.5M | Reduce -14.9% |
| ATO Atmos Energy Corp. | 2.03% | 1,241,015 | $172.8M | Reduce -19.3% |
| UNH Unitedhealth Group Inc. | 1.91% | 321,802 | $162.8M | Reduce -16.0% |
| AER Aercap Holdings NV | 1.83% | 1,626,081 | $155.6M | Reduce -1.2% |
| NVDA Nvidia Corp. | 1.73% | 1,094,295 | $147.0M | Add +1.4% |
| ORCL Oracle Corp. | 1.71% | 875,825 | $145.9M | Reduce -17.3% |
| EMR Emerson Electric Co. | 1.65% | 1,133,974 | $140.5M | Reduce -6.0% |
| CDW CDW Corp. | 1.64% | 801,516 | $139.5M | Add +14.6% |
| CMS CMS Energy Corp. | 1.62% | 2,074,117 | $138.2M | Reduce -9.7% |
| GXO Gxo Logistics Inc. | 1.61% | 3,143,541 | $136.7M | Reduce -3.1% |
| TMO Thermo Fisher Scientific Inc. | 1.40% | 229,962 | $119.6M | Reduce -18.9% |
| RYAAY Ryanair Holdings PLC-SP ADR | 1.31% | 988,490 | $111.4M | Add +539.8% |
| CNH CNH Industrial NV | 1.30% | 9,805,023 | $111.1M | Reduce -1.4% |
| GOOGL Alphabet Inc. Class A | 1.25% | 561,269 | $106.2M | Reduce -2.6% |
| GEHC GE Healthcare Technology | 1.20% | 1,303,218 | $101.9M | Reduce -6.5% |
| CHKP Check Point Software Tech | 1.18% | 536,670 | $100.2M | Reduce -1.2% |
| AMZN Amazon.com Inc. | 1.14% | 443,496 | $97.3M | Reduce -4.1% |
| AVGO Broadcom Inc. | 1.09% | 399,369 | $92.6M | Reduce -24.5% |
| LIN Linde PLC | 1.02% | 207,658 | $86.9M | Reduce -72.3% |
| GTLS Chart Industries Inc. | 0.98% | 439,183 | $83.8M | Reduce -12.2% |
| CSX CSX Corp. | 0.98% | 2,581,368 | $83.3M | New |
| PGR Progressive Corp. | 0.97% | 346,477 | $83.0M | Reduce -9.7% |
| PYPL PayPal Holdings Inc. | 0.95% | 946,545 | $80.8M | Add +8761.1% |
| SPGI S&P Global Inc. | 0.93% | 158,826 | $79.1M | Add +4.3% |
| FMX Fomento Economico Mex-SP ADR | 0.93% | 924,669 | $79.0M | Add +23.8% |
| ADBE Adobe Inc. | 0.92% | 176,737 | $78.6M | Add +4.2% |
| PTC PTC Inc. | 0.92% | 425,842 | $78.3M | Reduce -12.9% |
| ARES Ares Management Corp. Class A | 0.91% | 440,198 | $77.9M | Reduce -12.1% |
| MRVL Marvell Technology Inc. | 0.91% | 702,498 | $77.6M | Add +3405.3% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 0.89% | 751,976 | $75.7M | Reduce -25.8% |
| ARGX Argenx SE - ADR | 0.87% | 120,914 | $74.4M | Reduce -14.1% |
| TPG TPG Inc. | 0.86% | 1,166,096 | $73.3M | Reduce -21.9% |
| JAZZ Jazz Pharmaceuticals PLC | 0.86% | 594,388 | $73.2M | Reduce -12.0% |
| HDB HDFC Bank Ltd.-ADR | 0.86% | 1,141,929 | $72.9M | Add +4.9% |
| LLY Eli Lilly & Co. | 0.84% | 93,171 | $71.9M | Reduce -4.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.82% | 354,484 | $70.0M | Reduce -28.7% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.80% | 6,557,665 | $67.9M | Reduce -10.9% |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.80% | 13,681,494 | $67.9M | Add +0.4% |
| PRCT Procept Biorobotics Corp. | 0.79% | 831,739 | $67.0M | New |
| FCX Freeport-McMoran Inc. | 0.77% | 1,716,707 | $65.4M | Reduce -18.3% |
| ADMA Adma Biologics Inc. | 0.73% | 3,632,677 | $62.3M | New |
| PRGO Perrigo Co. PLC | 0.72% | 2,401,407 | $61.7M | Reduce -1.9% |
| TOST Toast Inc. Class A | 0.71% | 1,670,183 | $60.9M | New |
| MRK Merck & Co. Inc. | 0.68% | 585,395 | $58.2M | Add +39.1% |
| B Barrick Gold Corp. | 0.65% | 3,545,971 | $55.0M | Reduce -2.8% |
| CX Cemex Sab-Spons ADR Part Cer | 0.62% | 9,378,647 | $52.9M | Reduce -6.3% |
| CMCSA Comcast Corp. Class A | 0.60% | 1,373,062 | $51.5M | Reduce -0.9% |
| CLVT Clarivate PLC | 0.55% | 9,192,680 | $46.7M | Add +24.6% |
| PBR Petroleo Brasileiro-Spon ADR | 0.50% | 3,315,957 | $42.6M | Add +5.2% |
| CCL Carnival Corp. | 0.48% | 1,646,750 | $41.0M | Reduce -0.8% |
| ETR Entergy Corp. | 0.44% | 497,242 | $37.7M | Reduce -34.5% |
| AVTR Avantor Inc. | 0.44% | 1,766,882 | $37.2M | Add +38.8% |
| FIS Fidelity National Info Serv | 0.43% | 457,518 | $37.0M | Reduce -0.0% |
| IBN Icici Bank Ltd.-Spon ADR | 0.43% | 1,222,207 | $36.5M | Add +2.1% |
| LAD Lithia Motors Inc. | 0.41% | 98,691 | $35.3M | Reduce -0.7% |
| WTW Willis Towers Watson PLC | 0.41% | 112,160 | $35.1M | Reduce -30.1% |
| QCOM Qualcomm Inc. | 0.40% | 224,392 | $34.5M | Reduce -1.3% |
| PNW Pinnacle West Capital | 0.40% | 402,344 | $34.1M | Reduce -9.5% |
| APD Air Products & Chemicals Inc. | 0.40% | 116,275 | $33.7M | Reduce -27.0% |
| AIG American International Group | 0.38% | 440,185 | $32.0M | Reduce -1.2% |
| NICE Nice Ltd. - Spon ADR | 0.37% | 187,185 | $31.8M | New |
| PLD Prologis Inc. | 0.36% | 288,800 | $30.5M | Add +38.5% |
| CIEN Ciena Corp. | 0.35% | 354,746 | $30.1M | Reduce -0.7% |
| PSA Public Storage | 0.35% | 99,473 | $29.8M | Add +4.2% |
| KDP Keurig Dr Pepper Inc. | 0.33% | 876,578 | $28.2M | Add +73.8% |
| NEM Newmont Corp. | 0.33% | 752,589 | $28.0M | Reduce -0.8% |
| PHG Koninklijke Philips NVR- NY | 0.33% | 1,100,563 | $27.9M | Reduce -6.5% |
| APTV Aptiv PLC | 0.32% | 456,778 | $27.6M | Reduce -3.6% |
| PR Permian Resources Corp. Class A | 0.32% | 1,884,811 | $27.1M | New |
| SBAC SBA Communications Corp. | 0.31% | 128,854 | $26.3M | Add +43.1% |
| PRKS United Parks & Resorts Inc. | 0.30% | 459,150 | $25.8M | Add +37.8% |
| HES Hess Corp. | 0.28% | 180,350 | $24.0M | Reduce -0.9% |
| AXTA Axalta Coating Systems Ltd. | 0.27% | 679,176 | $23.2M | Reduce -0.7% |
| HAL Halliburton Co. | 0.27% | 840,066 | $22.8M | Reduce -2.8% |
| LNWO Light & Wonder Inc. | 0.26% | 260,011 | $22.5M | Reduce -45.5% |
| JCI Johnson Controls Internation | 0.23% | 252,789 | $20.0M | Reduce -0.7% |
| MAA Mid-America Apartment Comm | 0.23% | 127,506 | $19.7M | Add +8.0% |
| WMG Warner Music Group Corp. Class A | 0.23% | 632,454 | $19.6M | Add +25.6% |
| JD Jd.com Inc.-ADR | 0.23% | 565,317 | $19.6M | Reduce -0.9% |
| AAPL Apple Inc. | 0.23% | 78,057 | $19.5M | Add +28.6% |
| YMM Full Truck Alliance -SPN ADR | 0.23% | 1,786,969 | $19.3M | Reduce -4.2% |
| ECL Ecolab Inc. | 0.23% | 82,457 | $19.3M | Reduce -19.8% |
| SHOP Shopify Inc. Class A | 0.22% | 178,537 | $19.0M | Reduce -7.7% |
| WTM White Mountains Insurance GP | 0.22% | 9,627 | $18.7M | Reduce -1.0% |
| XYL Xylem Inc. | 0.22% | 160,648 | $18.6M | Reduce -2.6% |
| ARMK Aramark | 0.22% | 492,155 | $18.4M | Reduce -0.1% |
| CTSH Cognizant Tech Solutions-A | 0.22% | 238,338 | $18.3M | Reduce -0.9% |
| MCHP Microchip Technology Inc. | 0.21% | 310,562 | $17.8M | New |
| TME Tencent Music Entertainm-ADR | 0.20% | 1,528,269 | $17.3M | Reduce -1.8% |
| DAR Darling Ingredients Inc. | 0.19% | 477,225 | $16.1M | Add +2200.7% |
| INFY Infosys Ltd.-SP ADR | 0.18% | 681,729 | $14.9M | Add +20.3% |
Portfolio Sells Q3 2024 → Q4 2024
| LIN Linde PLC | Reduce -72.3% | 1.02% | −2.86 |
| ELV Elevance Health Inc. | Reduce -99.6% | 0.00% | −1.52 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.94 |
| HSIC Henry Schein Inc. | Sold out | 0.00% | −0.91 |
| VKTX Viking Therapeutics Inc. | Sold out | 0.00% | −0.87 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.84 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −0.79 |
| MELI MercadoLibre Inc. | Reduce -6.2% | 3.00% | −0.56 |
| UNH Unitedhealth Group Inc. | Reduce -16.0% | 1.91% | −0.52 |
| TMO Thermo Fisher Scientific Inc. | Reduce -18.9% | 1.40% | −0.50 |
| FCX Freeport-McMoran Inc. | Reduce -18.3% | 0.77% | −0.37 |
| SPOT Spotify Technology SA | Reduce -32.9% | 2.68% | −0.36 |
| HUM Humana Inc. | Sold out | 0.00% | −0.34 |
| ICE Intercontinental Exchange Inc. | Reduce -11.1% | 2.67% | −0.32 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -10.9% | 0.80% | −0.29 |
| ATO Atmos Energy Corp. | Reduce -19.3% | 2.03% | −0.28 |
| VRT Vertiv Holdings Co. Class A | Reduce -96.0% | 0.01% | −0.27 |
| CRH CRH PLC | Reduce -16.2% | 2.54% | −0.26 |
| ORCL Oracle Corp. | Reduce -17.3% | 1.71% | −0.24 |
| GXO Gxo Logistics Inc. | Reduce -3.1% | 1.61% | −0.23 |
| GEHC GE Healthcare Technology | Reduce -6.5% | 1.20% | −0.22 |
| WFC Wells Fargo & Co. | Reduce -96.9% | 0.01% | −0.22 |
| LNWO Light & Wonder Inc. | Reduce -45.5% | 0.26% | −0.21 |
| PM Philip Morris International | Reduce -14.9% | 2.14% | −0.20 |
| J Jacobs Solutions Inc. | Sold out | 0.00% | −0.18 |
| FLUT Flutter Entertainment PLC-Di | Reduce -18.5% | 3.69% | −0.15 |
| B Barrick Gold Corp. | Reduce -2.8% | 0.65% | −0.14 |
| CMS CMS Energy Corp. | Reduce -9.7% | 1.62% | −0.14 |
| APD Air Products & Chemicals Inc. | Reduce -27.0% | 0.40% | −0.12 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -28.7% | 0.82% | −0.11 |
| NEM Newmont Corp. | Reduce -0.8% | 0.33% | −0.11 |
| WTW Willis Towers Watson PLC | Reduce -30.1% | 0.41% | −0.10 |
| ETR Entergy Corp. | Reduce -34.5% | 0.44% | −0.10 |
| WMS Advanced Drainage Systems Inc. | Reduce -33.4% | 0.11% | −0.10 |
| LLY Eli Lilly & Co. | Reduce -4.4% | 0.84% | −0.09 |
| PHG Koninklijke Philips NVR- NY | Reduce -6.5% | 0.33% | −0.09 |
| PGR Progressive Corp. | Reduce -9.7% | 0.97% | −0.08 |
| TPG TPG Inc. | Reduce -21.9% | 0.86% | −0.07 |
| DPZ Domino's Pizza Inc. | Sold out | 0.00% | −0.07 |
| HASI Ha Sustainable Infrastructur | Reduce -41.8% | 0.06% | −0.06 |
| ECL Ecolab Inc. | Reduce -19.8% | 0.23% | −0.06 |
| POOL Pool Corp. | Sold out | 0.00% | −0.05 |
| APTV Aptiv PLC | Reduce -3.6% | 0.32% | −0.05 |
| AFYA Afya Ltd. Class A | Reduce -55.0% | 0.04% | −0.05 |
| ACN Accenture PLC Class A | Reduce -60.1% | 0.03% | −0.04 |
| CX Cemex Sab-Spons ADR Part Cer | Reduce -6.3% | 0.62% | −0.04 |
| PTC PTC Inc. | Reduce -12.9% | 0.92% | −0.04 |
| AMT American Tower Corp. | Reduce -43.1% | 0.03% | −0.03 |
| ITRI Itron Inc. | Reduce -35.8% | 0.07% | −0.03 |
| AUTL Autolus Therapeutics PLC | Reduce -20.0% | 0.04% | −0.03 |
Portfolio Buys Q3 2024 → Q4 2024
| SE Sea Ltd.-ADR | Add +3033.0% | 2.61% | +2.54 |
| GRAB Grab Holdings Ltd. Class A | New | 2.50% | +2.50 |
| RYAAY Ryanair Holdings PLC-SP ADR | Add +539.8% | 1.31% | +1.12 |
| CSX CSX Corp. | New | 0.98% | +0.98 |
| PYPL PayPal Holdings Inc. | Add +8761.1% | 0.95% | +0.94 |
| MRVL Marvell Technology Inc. | Add +3405.3% | 0.91% | +0.90 |
| PRCT Procept Biorobotics Corp. | New | 0.79% | +0.79 |
| ADMA Adma Biologics Inc. | New | 0.73% | +0.73 |
| TOST Toast Inc. Class A | New | 0.71% | +0.71 |
| NICE Nice Ltd. - Spon ADR | New | 0.37% | +0.37 |
| PR Permian Resources Corp. Class A | New | 0.32% | +0.32 |
| NVDA Nvidia Corp. | Add +1.4% | 1.73% | +0.30 |
| MCHP Microchip Technology Inc. | New | 0.21% | +0.21 |
| DAR Darling Ingredients Inc. | Add +2200.7% | 0.19% | +0.18 |
| MRK Merck & Co. Inc. | Add +39.1% | 0.68% | +0.17 |
| FTV Fortive Corp. | New | 0.13% | +0.13 |
| FMX Fomento Economico Mex-SP ADR | Add +23.8% | 0.93% | +0.13 |
| XYZ Block Inc. | New | 0.13% | +0.13 |
| KDP Keurig Dr Pepper Inc. | Add +73.8% | 0.33% | +0.13 |
| BMI Badger Meter Inc. | New | 0.12% | +0.12 |
| PRKS United Parks & Resorts Inc. | Add +37.8% | 0.30% | +0.12 |
| HDB HDFC Bank Ltd.-ADR | Add +4.9% | 0.86% | +0.12 |
| AVTR Avantor Inc. | Add +38.8% | 0.44% | +0.08 |
| AAPL Apple Inc. | Add +28.6% | 0.23% | +0.08 |
| SPGI S&P Global Inc. | Add +4.3% | 0.93% | +0.08 |
| SLM SLM Corp. | New | 0.08% | +0.08 |
| SBAC SBA Communications Corp. | Add +43.1% | 0.31% | +0.07 |
| PLD Prologis Inc. | Add +38.5% | 0.36% | +0.07 |
| VRSK Verisk Analytics Inc. | Add +727.9% | 0.07% | +0.06 |
| WMG Warner Music Group Corp. Class A | Add +25.6% | 0.23% | +0.06 |
| BAC Bank of America Corp. | Add +180.5% | 0.08% | +0.06 |
| CNM Core & Main Inc. Class A | Add +42.7% | 0.12% | +0.05 |
| NOMD Nomad Foods Ltd. | Add +64.9% | 0.14% | +0.05 |
| IBN Icici Bank Ltd.-Spon ADR | Add +2.1% | 0.43% | +0.04 |
| HLF Herbalife Ltd. | Add +107.1% | 0.08% | +0.04 |
| INFY Infosys Ltd.-SP ADR | Add +20.3% | 0.18% | +0.04 |
| MAA Mid-America Apartment Comm | Add +8.0% | 0.23% | +0.03 |
| CPRT Copart Inc. | Add +8.3% | 0.12% | +0.03 |
| SLB SLB Ltd. | Add +153.3% | 0.04% | +0.03 |
| SNREY Sunrise Communicat Class A | New | 0.03% | +0.03 |
| WCN Waste Connections Inc. | Add +16.0% | 0.14% | +0.02 |
| RSG Republic Services Inc. | Add +8.3% | 0.16% | +0.02 |
| PLTR Palantir Technologies Inc. Class A | Add +142.8% | 0.03% | +0.02 |
| LKQ LKQ Corp. | Add +32.5% | 0.09% | +0.02 |
| SCI Service Corp. International | Add +9.8% | 0.12% | +0.02 |
| TSLA Tesla Inc. | Add +122.8% | 0.03% | +0.02 |
| META Meta Platforms Inc. Class A | Add +5.5% | 0.13% | +0.02 |
| TIGO Millicom Intl Cellular S.A. | New | 0.02% | +0.02 |
| MPWR Monolithic Power Systems Inc. | Add +1042.4% | 0.02% | +0.02 |
| VLTO Veralto Corp. | Add +17.3% | 0.13% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 419 | $7.0B | SRE, TEL, FLUT, ATO, CRH |
| Q1 2026 | 424 | $6.5B | SRE, ATO, FLUT, ICE, PM |
| Q4 2025 | 411 | $6.9B | SRE, MSFT, ATO, PM, CRH |
| Q3 2025 | 400 | $8.1B | SRE, MSFT, CDW, ATO, FLUT |
| Q2 2025 | 416 | $8.5B | FLUT, MELI, ICE, SE, ORCL |
| Q1 2025 | 411 | $8.3B | MELI, SE, ICE, FLUT, ATO |
| Q4 2024 | 409 | $8.5B | FLUT, MSFT, MELI, SPOT, ICE |
| Q3 2024 | 418 | $9.2B | LIN, FLUT, MELI, MSFT, SPOT |
| Q2 2024 | 424 | $9.2B | LIN, CRH, MSFT, MELI, FLUT |
| Q1 2024Amended | 433 | $10.2B | LIN, CRH, MSFT, ITUB, ELV |