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

0$5.0B$10.0B$15.0B Q1 2024: $10.2B Q1 2024 Q2 2024: $9.2B Q2 2024 Q3 2024: $9.2B Q3 2024 Q4 2024: $8.5B $8.5B Q4 2024 Q1 2025: $8.3B Q1 2025 Q2 2025: $8.5B Q2 2025 Q3 2025: $8.1B Q3 2025 Q4 2025: $6.9B Q4 2025 Q1 2026: $6.5B Q1 2026 Q2 2026: $7.0B Q2 2026

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%
PNR Pentair PLC 0.16% 134,240 $13.5M Reduce -4.0%
RSG Republic Services Inc. 0.16% 66,299 $13.3M Add +8.3%
WM Waste Management Inc. 0.16% 65,910 $13.3M Add +6.2%
AWK American Water Works Co. Inc. 0.15% 104,162 $13.0M Add +2.4%
ARCO Arcos Dorados Holdings Inc. Class A 0.15% 1,766,014 $12.9M Add +7.9%
NOMD Nomad Foods Ltd. 0.14% 717,055 $12.0M Add +64.9%
WCN Waste Connections Inc. 0.14% 69,888 $12.0M Add +16.0%
MLI Mueller Industries Inc. 0.13% 142,287 $11.3M Reduce -21.4%
ALB Albemarle Corp. 0.13% 131,175 $11.3M Reduce -0.8%
FTV Fortive Corp. 0.13% 149,844 $11.2M New
META Meta Platforms Inc. Class A 0.13% 18,725 $11.0M Add +5.5%
CLH Clean Harbors Inc. 0.13% 47,178 $10.9M Add +1.1%
XYZ Block Inc. 0.13% 126,828 $10.8M New
VLTO Veralto Corp. 0.13% 105,232 $10.7M Add +17.3%
WTS Watts Water Technologies-A 0.13% 52,368 $10.6M Add +8.4%
SCI Service Corp. International 0.12% 132,376 $10.6M Add +9.8%
BMI Badger Meter Inc. 0.12% 49,320 $10.5M New
CPRT Copart Inc. 0.12% 180,752 $10.4M Add +8.3%
GLNG Golar LNG Ltd. 0.12% 243,704 $10.3M Reduce -12.9%
CNM Core & Main Inc. Class A 0.12% 199,061 $10.1M Add +42.7%
SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI 0.12% 703,964 $10.1M Add +8.4%
BPOP Popular Inc. 0.11% 104,087 $9.8M Add +5.3%
STE Steris PLC 0.11% 45,254 $9.3M Add +8.2%
WMS Advanced Drainage Systems Inc. 0.11% 79,885 $9.2M Reduce -33.4%
CCK Crown Holdings Inc. 0.11% 109,395 $9.0M Add +13.5%
BUD Anheuser-Busch Inbev-SPN ADR 0.10% 173,098 $8.7M Add +13.5%
TTEK Tetra Tech Inc. 0.10% 215,042 $8.6M Add +9.6%
AWR American States Water Co. filed as AMER STATES WTR CO 0.10% 107,353 $8.3M Add +8.4%
FERG Ferguson Enterprises Inc. 0.10% 47,828 $8.3M Add +8.3%
EMBJ Embraer SA-Spon ADR 0.10% 224,149 $8.2M Reduce -16.5%
AOS Smith (a.o.) Corp. 0.10% 118,624 $8.1M Add +10.3%
ZWS Zurn Elkay Water Solutions C 0.09% 214,189 $8.0M Add +8.4%
ACGL Arch Capital Group Ltd. 0.09% 86,109 $8.0M Reduce -3.3%
PAAS Pan American Silver Corp. 0.09% 385,673 $7.8M Reduce -13.9%
LKQ LKQ Corp. 0.09% 206,325 $7.6M Add +32.5%
ANSS Ansys Inc. 0.08% 21,315 $7.2M Reduce -27.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.08% 162,215 $7.1M Add +180.5%
MWA Mueller Water Products Inc. Class A 0.08% 308,631 $6.9M Reduce -3.6%
BALL Ball Corp. 0.08% 124,313 $6.9M Add +0.7%
VRRM Verra Mobility Corp. 0.08% 272,898 $6.6M Add +12.4%
MSA Msa Safety Inc. 0.08% 39,462 $6.5M Reduce -15.9%
SLM SLM Corp. 0.08% 235,241 $6.5M New
HLF Herbalife Ltd. 0.08% 966,063 $6.5M Add +107.1%
ITRI Itron Inc. 0.07% 56,550 $6.1M Reduce -35.8%
VRSK Verisk Analytics Inc. 0.07% 21,327 $5.9M Add +727.9%
ABEV Ambev SA-ADR 0.07% 3,134,940 $5.8M Add +3.5%
A Agilent Technologies Inc. 0.07% 41,503 $5.6M Add +6.4%
XOM Exxon Mobil Corp. 0.06% 51,265 $5.5M Reduce -22.2%
HASI Ha Sustainable Infrastructur 0.06% 189,439 $5.1M Reduce -41.8%
LBTYK Liberty Global Ltd. Class C 0.06% 381,713 $5.0M Add +12.9%
JNJ Johnson & Johnson 0.06% 32,458 $4.7M Reduce -0.3%
AZUL S A 0.05% 2,473,976 $4.1M Add +5.0%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.04% 99,840 $3.8M Add +153.3%
NOW ServiceNow Inc. 0.04% 3,577 $3.8M Reduce -35.5%
ABBV Abbvie Inc. 0.04% 19,443 $3.5M Reduce -0.3%
GOOG Alphabet Inc. Class C 0.04% 17,406 $3.3M Reduce -4.6%
BKNG Booking Holdings Inc. 0.04% 666 $3.3M Add +11.2%
PFE Pfizer Inc. 0.04% 123,704 $3.3M Add +31.6%
EQIX Equinix Inc. 0.04% 3,450 $3.3M Reduce -6.5%
VZ Verizon Communications Inc. 0.04% 81,178 $3.2M Reduce -3.5%
AFYA Afya Ltd. Class A 0.04% 202,266 $3.2M Reduce -55.0%
O Realty Income Corp. 0.04% 57,488 $3.1M Reduce -1.0%
WELL Welltower Inc. 0.04% 24,204 $3.1M Add +3.5%
AUTL Autolus Therapeutics PLC 0.04% 1,279,620 $3.0M Reduce -20.0%
T AT&T Inc. 0.03% 127,700 $2.9M Reduce -36.9%
PANW Palo Alto Networks Inc. 0.03% 15,930 $2.9M Add +9.0%
CME Cme Group Inc. 0.03% 11,985 $2.8M Add +41.3%
ACN Accenture PLC Class A 0.03% 7,787 $2.7M Reduce -60.1%
CRM Salesforce Inc. 0.03% 7,925 $2.6M Add +14.3%
GE General Electric filed as GE AEROSPACE 0.03% 15,785 $2.6M Add +13.7%
DLR Digital Realty Trust Inc. 0.03% 14,560 $2.6M Add +21.4%
JPM JPMorgan Chase & Co. 0.03% 10,582 $2.5M Reduce -7.7%
CVX Chevron Corp. 0.03% 17,212 $2.5M No change
AMT American Tower Corp. 0.03% 13,394 $2.5M Reduce -43.1%
VLRS Controladora Vuela Cia-ADR 0.03% 328,885 $2.4M Reduce -26.4%
AVB Avalonbay Communities Inc. 0.03% 11,020 $2.4M Add +18.9%
PLTR Palantir Technologies Inc. Class A 0.03% 31,508 $2.4M Add +142.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.03% 10,837 $2.4M Add +26.8%
WMT Walmart Inc. 0.03% 26,297 $2.4M Add +106.2%
UL Unilever PLC 0.03% 41,260 $2.3M Reduce -34.0%
PEP Pepsico Inc. 0.03% 15,363 $2.3M Reduce -0.3%
CSCO Cisco Systems Inc. 0.03% 38,721 $2.3M Add +4.5%
TSLA Tesla Inc. 0.03% 5,581 $2.3M Add +122.8%
SNREY Sunrise Communicat Class A 0.03% 52,216 $2.2M New
FTNT Fortinet Inc. 0.03% 23,353 $2.2M Reduce -3.8%
CNC Centene Corp. 0.03% 36,126 $2.2M Add +68.4%
MO Altria Group Inc. 0.03% 41,365 $2.2M Reduce -3.2%
HD Home Depot Inc. 0.02% 5,433 $2.1M Reduce -0.6%
PG The Procter & Gamble Co. 0.02% 12,553 $2.1M No change
ZM Zoom Communications Inc. 0.02% 25,782 $2.1M Add +10.9%
ALNY Alnylam Pharmaceuticals Inc. 0.02% 8,931 $2.1M Add +117.2%
MMM 3M Co. 0.02% 16,182 $2.1M Reduce -7.1%
MA Mastercard Inc. Class A 0.02% 3,932 $2.1M Reduce -44.7%
RDUS Radius Recycling Inc. Class A 0.02% 131,905 $2.0M Add +9.2%
V Visa Inc. Class A 0.02% 6,326 $2.0M Reduce -0.7%
UNP Union Pacific Corp. 0.02% 8,732 $2.0M Reduce -13.7%
CB Chubb Ltd. 0.02% 6,882 $1.9M Reduce -10.5%
TEAM Atlassian Corp. Class A 0.02% 7,474 $1.8M Add +34.6%
ABNB Airbnb Inc. Class A 0.02% 13,747 $1.8M Add +23.6%
NFLX Netflix Inc. 0.02% 2,016 $1.8M Reduce -0.1%
NBIX Neurocrine Biosciences Inc. 0.02% 13,101 $1.8M Add +4.3%
KO The Coca-Cola Co. 0.02% 28,438 $1.8M No change
MPWR Monolithic Power Systems Inc. 0.02% 2,936 $1.7M Add +1042.4%
TMUS T-Mobile US Inc. 0.02% 7,386 $1.6M Add +43.1%
SPG Simon Property Group Inc. 0.02% 9,440 $1.6M Reduce -11.0%
UBER Uber Technologies Inc. 0.02% 26,375 $1.6M Add +484.8%
AZN Astrazeneca PLC-Spons ADR 0.02% 24,274 $1.6M Reduce -44.4%
TIGO Millicom Intl Cellular S.A. 0.02% 63,450 $1.6M New
GTE Gran Tierra Energy Inc. 0.02% 218,788 $1.6M Add +38.3%
BKR Baker Hughes Co. 0.02% 38,323 $1.6M Reduce -25.6%
PNC PNC Financial Services Group 0.02% 8,107 $1.6M Reduce -26.6%
COP Conocophillips 0.02% 15,631 $1.6M Reduce -2.9%
BRK.B Berkshire Hathaway Inc. Class B 0.02% 3,344 $1.5M Reduce -0.9%
GILD Gilead Sciences Inc. 0.02% 16,154 $1.5M No change
BMY Bristol-Myers Squibb Co. 0.02% 25,912 $1.5M Add +7.0%
C Citigroup Inc. 0.02% 20,499 $1.4M Reduce -44.0%
ETN Eaton Corp. PLC 0.02% 4,285 $1.4M Reduce -37.2%
BNL Broadstone Net Lease Inc. 0.02% 88,319 $1.4M Add +5.8%
MDT Medtronic PLC 0.02% 17,140 $1.4M Reduce -1.1%
BAP Credicorp Ltd. 0.02% 7,440 $1.4M Reduce -9.7%
GEV GE Vernova Inc. 0.02% 4,102 $1.3M Add +378.6%
UPS United Parcel Service Class B 0.02% 10,409 $1.3M Reduce -37.3%
TAL Tal Education Group- ADR 0.02% 130,320 $1.3M Add +4.1%
BN Brookfield Corp. 0.02% 22,656 $1.3M No change
VALE Vale SA-SP ADR 0.02% 144,960 $1.3M Reduce -0.0%
PINS Pinterest Inc. Class A 0.01% 44,026 $1.3M Add +25.7%
OVV Ovintiv Inc. 0.01% 31,369 $1.3M Add +64.8%
BRX Brixmor Property Group Inc. 0.01% 43,060 $1.2M Reduce -8.8%
VRT Vertiv Holdings Co. Class A 0.01% 10,330 $1.2M Reduce -96.0%
MKC McCormick & Co.-Non VTG SHRS 0.01% 15,192 $1.2M Reduce -45.8%
FN Fabrinet 0.01% 5,223 $1.1M Reduce -17.5%
HOOD Robinhood Markets Inc. Class A 0.01% 30,564 $1.1M New
ABT Abbott Laboratories 0.01% 9,900 $1.1M No change
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.01% 10,570 $1.1M Add +68.0%
MCK McKesson Corp. 0.01% 1,937 $1.1M Add +13.5%
MAC The Macerich Co. 0.01% 55,356 $1.1M Add +24.3%
GM General Motors Co. 0.01% 20,471 $1.1M Reduce -53.3%
CDNS Cadence Design SYS Inc. 0.01% 3,522 $1.1M Add +17.0%
NKE Nike Inc. Class B 0.01% 13,933 $1.1M Reduce -35.3%
INTU Intuit Inc. 0.01% 1,669 $1.0M Reduce -10.2%
MMYT Makemytrip Ltd. 0.01% 9,243 $1.0M Reduce -30.9%
PCAR Paccar Inc. 0.01% 9,762 $1.0M Reduce -17.6%
OKTA Okta Inc. 0.01% 12,735 $1.0M New
TTE Totalenergies SE -Spon ADR 0.01% 18,085 $986K No change
CFG Citizens Financial Group 0.01% 22,414 $981K Add +174.8%
SHEL Shell PLC-ADR 0.01% 15,294 $958K Reduce -1.9%
MS Morgan Stanley 0.01% 7,552 $949K Reduce -3.8%
AMH American Homes 4 Rent- A 0.01% 24,762 $927K Reduce -9.8%
LULU Lululemon Athletica Inc. 0.01% 2,422 $926K Reduce -41.1%
RBLX Roblox Corp. Class A 0.01% 15,786 $913K Reduce -45.1%
APH Amphenol Corp. Class A 0.01% 13,130 $912K Add +15.9%
ADI Analog Devices Inc. 0.01% 4,261 $905K Reduce -0.8%
EOG EOG Resources Inc. 0.01% 7,365 $903K Add +31.3%
IT Gartner Inc. 0.01% 1,851 $897K Reduce -1.8%
VTR Ventas Inc. 0.01% 15,010 $884K Add +76.8%
GPI Group 1 Automotive Inc. 0.01% 2,069 $872K Add +88.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.01% 7,830 $872K Reduce -71.7%
FICO Fair Isaac Corp. 0.01% 437 $870K New
HWM Howmet Aerospace Inc. 0.01% 7,946 $869K Reduce -0.8%
FDX FedEx Corp. 0.01% 3,080 $866K Reduce -39.0%
IRT Independence Realty Trust Inc. 0.01% 43,365 $860K Add +38.2%
LXP LXP Industrial Trust 0.01% 105,030 $853K Add +112.6%
HUBS HubSpot Inc. 0.01% 1,209 $842K Reduce -16.9%
HIW Highwoods Properties Inc. 0.01% 26,870 $822K New
ROAD Construction Partners Inc. Class A 0.01% 9,277 $821K Add +47.0%
FSS Federal Signal Corp. 0.01% 8,860 $819K Add +88.5%
ZS Zscaler Inc. 0.01% 4,512 $814K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.01% 6,737 $814K No change
KRG Kite Realty Group Trust 0.01% 32,140 $811K New
AZO AutoZone Inc. 0.01% 253 $810K Add +110.8%
WFC Wells Fargo & Co. 0.01% 11,515 $809K Reduce -96.9%
ANET Arista Networks Inc. 0.01% 7,316 $809K Reduce -67.9%
NEE Nextera Energy Inc. 0.01% 10,904 $782K No change
CVS CVS Health Corp. 0.01% 17,314 $777K Reduce -48.2%
HON Honeywell International Inc. 0.01% 3,423 $773K Reduce -2.6%
CMG Chipotle Mexican Grill Inc. 0.01% 12,793 $771K Add +208.3%
ASML ASML Holding NV-NY Reg SHS 0.01% 1,099 $762K Reduce -48.9%
WAB Wabtec Corp. 0.01% 3,977 $754K Reduce -42.4%
SBUX Starbucks Corp. 0.01% 8,178 $746K Reduce -43.9%
CMI Cummins Inc. 0.01% 2,130 $743K Add +88.5%
STRL Sterling Infrastructure Inc. 0.01% 4,375 $737K Add +31.7%
FISV Fiserv Inc. 0.01% 3,576 $735K Add +70.1%
CI The Cigna Group 0.01% 2,656 $733K Reduce -67.7%
JRVR James River Group Holdings I 0.01% 150,135 $731K Add +7.2%
JBHT Hunt (jb) Transprt SVCS Inc. 0.01% 4,268 $728K Add +64.3%
FSLR First Solar Inc. 0.01% 4,107 $724K Reduce -23.3%
XPO Xpo Inc. 0.01% 5,477 $718K Add +88.5%
TXN Texas Instruments Inc. 0.01% 3,779 $709K Reduce -1.4%
MOH Molina Healthcare Inc. 0.01% 2,427 $706K New
TGT Target Corp. 0.01% 5,148 $696K Reduce -61.5%
ALL Allstate Corp. 0.01% 3,562 $687K Reduce -0.4%
MDLZ Mondelez International Inc. Class A 0.01% 11,495 $687K Reduce -0.7%
BFAM Bright Horizons Family Solut 0.01% 6,051 $671K Reduce -49.1%
LRCX Lam Research Corp. 0.01% 9,202 $665K Reduce -39.9%
COST Costco Wholesale Corp. 0.01% 717 $657K Reduce -18.8%
CCI Crown Castle Inc. 0.01% 7,105 $645K No change
VNO Vornado Realty Trust 0.01% 15,180 $638K New
CL Colgate-Palmolive Co. 0.01% 7,008 $637K Reduce -0.9%
CTRE Caretrust REIT Inc. 0.01% 23,377 $632K Add +48.5%
RMD Resmed Inc. 0.01% 2,754 $630K New
AN Autonation Inc. 0.01% 3,685 $626K Add +104.7%
AMAT Applied Materials Inc. 0.01% 3,832 $623K Reduce -53.4%
CAT Caterpillar Inc. 0.01% 1,700 $617K No change
EPAM Epam Systems Inc. 0.01% 2,605 $609K Add +90.3%
CTRA Coterra Energy Inc. 0.01% 23,774 $607K Add +46.1%
MPC Marathon Petroleum Corp. 0.01% 4,348 $607K No change
ORLY O'reilly Automotive Inc. 0.01% 507 $601K Add +87.8%
SNOW Snowflake Inc. 0.01% 3,839 $593K Reduce -39.0%
ALV Autoliv Inc. 0.01% 6,221 $583K Add +130.4%
PECO Phillips Edison & Company Inc. 0.01% 15,460 $579K Add +39.5%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.01% 19,700 $575K Add +0.0%
SO The Southern Co. 0.01% 6,984 $575K No change
GS Goldman Sachs Group Inc. 0.01% 1,000 $573K No change
MSCI MSCI Inc. 0.01% 944 $566K Reduce -49.1%
KRC Kilroy Realty Corp. 0.01% 13,971 $565K Reduce -9.8%
STX Seagate Technology Holdings 0.01% 6,504 $561K Add +54.8%
BLK BlackRock Inc. 0.01% 545 $559K No change
ODFL Old Dominion Freight Line 0.01% 3,167 $559K Add +88.5%
WAY Waystar Holding Corp. 0.01% 15,216 $558K New
RHP Ryman Hospitality Properties 0.01% 5,281 $551K Reduce -38.9%
LMT Lockheed Martin Corp. 0.01% 1,125 $547K No change
KVUE Kenvue Inc. 0.01% 25,169 $537K Reduce -0.8%
DVN Devon Energy Corp. 0.01% 16,268 $532K Add +165.2%
PAGS Pagseguro Digital Ltd. Class A 0.01% 83,217 $521K Reduce -44.5%
NTNX Nutanix Inc. Class A 0.01% 8,500 $520K New
EWBC East West Bancorp Inc. 0.01% 5,423 $519K Reduce -49.1%
OKE Oneok Inc. 0.01% 5,000 $502K No change
WRBY Warby Parker Inc. Class A 0.01% 20,140 $488K New
EXPD Expeditors Intl Wash Inc. 0.01% 4,354 $482K Add +109.3%
SHW The Sherwin-Williams Co. 0.01% 1,411 $480K Reduce -1.3%
GWRE Guidewire Software Inc. 0.01% 2,820 $475K New
TFC Truist Financial Corp. 0.01% 10,851 $471K No change
CHRW C.H. Robinson Worldwide Inc. 0.01% 4,471 $462K Add +125.8%
CTS CTS Corp. 0.01% 8,501 $448K Add +88.5%
LYB Lyondellbasell Indu Class A 0.01% 6,000 $446K Reduce -0.8%
DD Dupont DE Nemours Inc. 0.01% 5,817 $444K Reduce -2.2%
HR Healthcare Realty Trust Inc. 0.01% 26,060 $442K New
ORA Ormat Technologies Inc. 0.01% 6,480 $439K Reduce -49.1%
CURB Curbline Properties Corp. 0.01% 18,874 $438K New
AON Aon PLC Class A 0.01% 1,208 $434K Reduce -7.9%
INTC Intel Corp. 0.01% 21,290 $427K New
EGO Eldorado Gold Corp. 0.01% 28,606 $425K New
ADP Automatic Data Processing 0.01% 1,451 $425K No change
UTHR United Therapeutics Corp. 0.00% 1,170 $413K Add +62.0%
SCHW Schwab (charles) Corp. 0.00% 5,492 $406K Reduce -5.2%
ENS Enersys 0.00% 4,241 $392K Add +88.5%
GD General Dynamics Corp. 0.00% 1,481 $390K Add +2.1%
NXT Nextpower Inc. filed as NEXTRACKER INC 0.00% 10,612 $388K Reduce -20.0%
NXPI NXP Semiconductors NV 0.00% 1,852 $385K Reduce -60.2%
USB US Bancorp 0.00% 7,995 $382K No change
TYL Tyler Technologies Inc. 0.00% 659 $380K Reduce -23.3%
ELV Elevance Health Inc. 0.00% 1,019 $376K Reduce -99.6%
RXO Rxo Inc. 0.00% 15,734 $375K New
PSX Phillips 66 0.00% 3,278 $373K No change
EXR Extra Space Storage Inc. 0.00% 2,446 $366K Reduce -78.4%
KLAC KLA Corp. 0.00% 580 $365K Reduce -62.8%
MTSI Macom Technology Solutions H 0.00% 2,778 $361K New
DDOG Datadog Inc. Class A 0.00% 2,481 $355K New
VLO Valero Energy Corp. 0.00% 2,853 $350K Reduce -61.9%
SYK Stryker Corp. 0.00% 958 $345K No change
SGML Sigma Lithium Corp. 0.00% 30,160 $338K Reduce -82.2%
FDS Factset Research Systems Inc. 0.00% 702 $337K Reduce -7.0%
GIS General Mills Inc. 0.00% 5,227 $333K Reduce -1.0%
AEP American Electric Power 0.00% 3,598 $332K No change
ITW Illinois Tool Works 0.00% 1,283 $325K No change
BC Brunswick Corp. 0.00% 4,987 $323K New
IOT Samsara Inc. Class A 0.00% 7,196 $314K New
PRU Prudential Financial Inc. 0.00% 2,600 $308K Reduce -56.9%
DNB Dun & Bradstreet Holdings Inc. 0.00% 24,644 $307K Add +46.1%
PEG Public Service Enterprise GP 0.00% 3,600 $304K No change
CRBG Corebridge Financial Inc. 0.00% 9,972 $298K New
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.00% 3,874 $298K No change
DOCU Docusign Inc. 0.00% 3,298 $297K New
DE Deere & Co. 0.00% 700 $297K No change
KMB Kimberly-Clark Corp. 0.00% 2,200 $288K No change
FANG Diamondback Energy Inc. 0.00% 1,746 $286K No change
KHC The Kraft Heinz Co. 0.00% 9,292 $285K Reduce -36.4%
ROG Rogers Corp. 0.00% 2,803 $285K Reduce -49.1%
RBRK Rubrik Inc. Class A 0.00% 4,296 $281K New
AXP American Express Co. 0.00% 945 $280K Add +0.1%
CTVA Corteva Inc. 0.00% 4,624 $263K Reduce -1.8%
BLBD Blue Bird Corp. 0.00% 6,786 $262K New
GLPI Gaming and Leisure Propertie 0.00% 5,405 $260K No change
WDAY Workday Inc. Class A 0.00% 1,004 $259K No change
PKG Packaging Corp. of America 0.00% 1,142 $257K No change
SNAP Snap Inc. Class A 0.00% 23,782 $256K Reduce -15.8%
MRSH Marsh & McLennan Cos 0.00% 1,200 $255K No change
PAYX Paychex Inc. 0.00% 1,800 $252K No change
SYY Sysco Corp. 0.00% 3,300 $252K No change
PPG PPG Industries Inc. 0.00% 2,100 $251K No change
STZ Constellation Brands Inc. Class A 0.00% 1,079 $238K Reduce -1.6%
TRV The Travelers Cos Inc. 0.00% 984 $237K No change
XEL Xcel Energy Inc. 0.00% 3,460 $234K Add +0.3%
SW Smurfit Westrock PLC 0.00% 4,331 $233K No change
ONTO Onto Innovation Inc. 0.00% 1,394 $232K New
BMRN Biomarin Pharmaceutical Inc. 0.00% 3,501 $230K New
TT Trane Technologies PLC 0.00% 619 $229K Add +1.0%
WAL Western Alliance Bancorp 0.00% 2,664 $223K New
CAH Cardinal Health Inc. 0.00% 1,881 $222K No change
KR Kroger Co. 0.00% 3,600 $220K No change
AMCR Amcor PLC 0.00% 23,254 $219K No change
NOC Northrop Grumman Corp. 0.00% 461 $216K No change
ZTS Zoetis Inc. 0.00% 1,317 $215K No change
MAR Marriott International Class A 0.00% 761 $212K New
K Kellanova 0.00% 2,600 $211K No change
BSX Boston Scientific Corp. 0.00% 2,259 $202K Reduce -9.5%
VTRS Viatris Inc. 0.00% 15,592 $194K No change
BBD Banco Bradesco-ADR 0.00% 47,383 $91K No change
TELFY Telefonica SA-Spon ADR 0.00% 10,393 $42K No change

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 419$7.0BSRE, TEL, FLUT, ATO, CRH
Q1 2026 424$6.5BSRE, ATO, FLUT, ICE, PM
Q4 2025 411$6.9BSRE, MSFT, ATO, PM, CRH
Q3 2025 400$8.1BSRE, MSFT, CDW, ATO, FLUT
Q2 2025 416$8.5BFLUT, MELI, ICE, SE, ORCL
Q1 2025 411$8.3BMELI, SE, ICE, FLUT, ATO
Q4 2024 409$8.5BFLUT, MSFT, MELI, SPOT, ICE
Q3 2024 418$9.2BLIN, FLUT, MELI, MSFT, SPOT
Q2 2024 424$9.2BLIN, CRH, MSFT, MELI, FLUT
Q1 2024Amended 433$10.2BLIN, CRH, MSFT, ITUB, ELV