Perpetual Ltd
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 24, 2025), Perpetual Ltd reported 411 stock positions worth $8.3 billion. Its top holding was MercadoLibre (MELI) at 3.2% of the portfolio, followed by Sea Ltd.-ADR (SE, 3.2%) and Intercontinental Exchange (ICE, 3.1%). Compared with Q4 2024, it opened 37 new positions, sold out of 35, added to 122 and reduced 179. The biggest buy was Cme (CME, shares +2215%) and the biggest sale an exit from Ryanair Holdings PLC-SP ADR (RYAAY).
- Most Recent 13F
- Q2 2026
- Location
- SYDNEY, NEW SOUTH WALES, C3
- CIK
- 0001647273
- Portfolio Value
- $8.3B (Q1 2025)
- SEC Filing
- 0001104659-25-038201 ↗ filed Apr 24, 2025
Holdings Value
Holdings 411 stocks · $8.3B
| MELI MercadoLibre Inc. | 3.22% | 136,638 | $266.6M | Reduce -9.0% |
| SE Sea Ltd.-ADR | 3.20% | 2,029,519 | $264.8M | Reduce -3.3% |
| ICE Intercontinental Exchange Inc. | 3.10% | 1,488,353 | $256.7M | Reduce -2.6% |
| FLUT Flutter Entertainment PLC-Di | 3.00% | 1,120,521 | $248.3M | Reduce -7.9% |
| ATO Atmos Energy Corp. | 2.71% | 1,454,090 | $224.8M | Add +17.2% |
| CRH CRH PLC | 2.48% | 2,336,426 | $205.5M | Reduce -0.0% |
| PM Philip Morris International | 2.46% | 1,281,005 | $203.3M | Reduce -15.5% |
| SPOT Spotify Technology SA | 2.38% | 358,493 | $197.2M | Reduce -29.7% |
| GRAB Grab Holdings Ltd. Class A | 2.37% | 43,385,924 | $196.5M | Reduce -3.9% |
| SRE Sempra | 2.22% | 2,579,380 | $184.1M | Add +3.9% |
| ORCL Oracle Corp. | 2.17% | 1,286,415 | $179.9M | Add +46.9% |
| UNH Unitedhealth Group Inc. | 1.96% | 309,987 | $162.4M | Reduce -3.7% |
| CMS CMS Energy Corp. | 1.96% | 2,155,984 | $161.9M | Add +4.0% |
| MSFT Microsoft Corp. | 1.94% | 428,353 | $160.8M | Reduce -34.7% |
| AER Aercap Holdings NV | 1.81% | 1,465,994 | $149.8M | Reduce -9.8% |
| TMO Thermo Fisher Scientific Inc. | 1.67% | 277,938 | $138.3M | Add +20.9% |
| EMR Emerson Electric Co. | 1.56% | 1,180,255 | $129.4M | Add +4.1% |
| GXO Gxo Logistics Inc. | 1.43% | 3,034,483 | $118.6M | Reduce -3.5% |
| JAZZ Jazz Pharmaceuticals PLC | 1.43% | 952,172 | $118.2M | Add +60.2% |
| CHKP Check Point Software Tech | 1.40% | 509,970 | $116.2M | Reduce -5.0% |
| CDW CDW Corp. | 1.38% | 710,462 | $113.9M | Reduce -11.4% |
| FCX Freeport-McMoran Inc. | 1.35% | 2,947,227 | $111.6M | Add +71.7% |
| CNH CNH Industrial NV | 1.33% | 8,994,945 | $110.5M | Reduce -8.3% |
| GEHC GE Healthcare Technology | 1.32% | 1,354,596 | $109.3M | Add +3.9% |
| NVDA Nvidia Corp. | 1.25% | 957,318 | $103.8M | Reduce -12.5% |
| LIN Linde PLC | 1.16% | 205,853 | $95.9M | Reduce -0.9% |
| FMX Fomento Economico Mex-SP ADR | 1.15% | 977,342 | $95.4M | Add +5.7% |
| PGR Progressive Corp. | 1.10% | 320,647 | $90.7M | Reduce -7.5% |
| GOOGL Alphabet Inc. Class A | 1.02% | 546,427 | $84.5M | Reduce -2.6% |
| ITUB Itau Unibanco H-Spon PRF ADR | 1.00% | 15,031,037 | $82.7M | Add +9.9% |
| AMZN Amazon.com Inc. | 0.97% | 423,803 | $80.6M | Reduce -4.4% |
| CSX CSX Corp. | 0.95% | 2,685,478 | $79.0M | Add +4.0% |
| SPGI S&P Global Inc. | 0.91% | 149,014 | $75.7M | Reduce -6.2% |
| CME Cme Group Inc. | 0.89% | 277,434 | $73.6M | Add +2214.8% |
| HDB HDFC Bank Ltd.-ADR | 0.87% | 1,086,607 | $72.2M | Reduce -4.8% |
| ADMA Adma Biologics Inc. | 0.85% | 3,551,813 | $70.5M | Reduce -2.2% |
| ARGX Argenx SE - ADR | 0.82% | 114,530 | $67.8M | Reduce -5.3% |
| CBOE Cboe Global Markets Inc. | 0.81% | 295,998 | $67.0M | New |
| NFLX Netflix Inc. | 0.80% | 70,694 | $65.9M | Add +3406.7% |
| SNEX Stonex Group Inc. | 0.78% | 846,804 | $64.7M | New |
| B Barrick Gold Corp. | 0.77% | 3,273,898 | $63.6M | Reduce -7.7% |
| AVGO Broadcom Inc. | 0.77% | 379,736 | $63.6M | Reduce -4.9% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 0.76% | 787,636 | $63.0M | Add +4.7% |
| TOST Toast Inc. Class A | 0.76% | 1,890,264 | $62.7M | Add +13.2% |
| ARES Ares Management Corp. Class A | 0.74% | 417,720 | $61.2M | Reduce -5.1% |
| NTNX Nutanix Inc. Class A | 0.74% | 875,946 | $61.1M | Add +10205.3% |
| MRK Merck & Co. Inc. | 0.72% | 662,014 | $59.4M | Add +13.1% |
| ISRG Intuitive Surgical Inc. | 0.72% | 119,922 | $59.4M | New |
| FOUR SHIFT4 Payments Inc. Class A | 0.69% | 695,912 | $56.9M | New |
| PRGO Perrigo Co. PLC | 0.65% | 1,914,953 | $53.7M | Reduce -20.3% |
| CX Cemex Sab-Spons ADR Part Cer | 0.63% | 9,296,899 | $52.2M | Reduce -0.9% |
| WPM Wheaton Precious Metals Corp. | 0.61% | 649,623 | $50.4M | New |
| PBR Petroleo Brasileiro-Spon ADR | 0.56% | 3,213,257 | $46.1M | Reduce -3.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.55% | 275,409 | $45.7M | Reduce -22.3% |
| FERG Ferguson Enterprises Inc. | 0.52% | 268,897 | $43.1M | Add +462.2% |
| ETR Entergy Corp. | 0.51% | 492,130 | $42.1M | Reduce -1.0% |
| ELV Elevance Health Inc. | 0.51% | 96,634 | $42.0M | Add +9383.2% |
| PSA Public Storage | 0.48% | 133,118 | $39.8M | Add +33.8% |
| PLD Prologis Inc. | 0.48% | 353,835 | $39.6M | Add +22.5% |
| SBAC SBA Communications Corp. | 0.47% | 177,560 | $39.1M | Add +37.8% |
| NICE Nice Ltd. - Spon ADR | 0.47% | 249,900 | $38.5M | Add +33.5% |
| PNW Pinnacle West Capital | 0.46% | 398,455 | $38.0M | Reduce -1.0% |
| EG Everest Group Ltd. | 0.46% | 104,366 | $37.9M | New |
| AIG American International Group | 0.46% | 435,524 | $37.9M | Reduce -1.1% |
| IBN Icici Bank Ltd.-Spon ADR | 0.45% | 1,183,651 | $37.3M | Reduce -3.1% |
| NEM Newmont Corp. | 0.43% | 744,767 | $36.0M | Reduce -1.0% |
| WTW Willis Towers Watson PLC | 0.43% | 105,279 | $35.6M | Reduce -6.1% |
| CLVT Clarivate PLC | 0.42% | 8,838,952 | $34.7M | Reduce -3.9% |
| APD Air Products & Chemicals Inc. | 0.41% | 115,172 | $34.0M | Reduce -0.9% |
| QCOM Qualcomm Inc. | 0.41% | 219,181 | $33.7M | Reduce -2.3% |
| FIS Fidelity National Info Serv | 0.41% | 449,622 | $33.6M | Reduce -1.7% |
| CCL Carnival Corp. | 0.38% | 1,630,097 | $31.8M | Reduce -1.0% |
| MAA Mid-America Apartment Comm | 0.37% | 180,376 | $30.2M | Add +41.5% |
| MCHP Microchip Technology Inc. | 0.36% | 618,770 | $30.0M | Add +99.2% |
| KDP Keurig Dr Pepper Inc. | 0.36% | 863,176 | $29.5M | Reduce -1.5% |
| HES Hess Corp. | 0.34% | 178,387 | $28.5M | Reduce -1.1% |
| AVTR Avantor Inc. | 0.34% | 1,744,674 | $28.3M | Reduce -1.3% |
| APTV Aptiv PLC | 0.32% | 452,038 | $26.9M | Reduce -1.0% |
| PR Permian Resources Corp. Class A | 0.31% | 1,859,111 | $25.7M | Reduce -1.4% |
| YMM Full Truck Alliance -SPN ADR | 0.30% | 1,961,428 | $25.0M | Add +9.8% |
| ENTG Entegris Inc. | 0.28% | 263,831 | $23.1M | New |
| JD Jd.com Inc.-ADR | 0.28% | 559,256 | $23.0M | Reduce -1.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.28% | 549,015 | $22.9M | Add +238.4% |
| AXTA Axalta Coating Systems Ltd. | 0.27% | 672,189 | $22.3M | Reduce -1.0% |
| PHG Koninklijke Philips NVR- NY | 0.26% | 850,748 | $21.6M | Reduce -22.7% |
| INFY Infosys Ltd.-SP ADR | 0.26% | 1,176,543 | $21.5M | Add +72.6% |
| TME Tencent Music Entertainm-ADR | 0.26% | 1,482,511 | $21.4M | Reduce -3.0% |
| HAL Halliburton Co. | 0.26% | 833,913 | $21.2M | Reduce -0.7% |
| JCI Johnson Controls Internation | 0.24% | 249,030 | $19.9M | Reduce -1.5% |
| WMG Warner Music Group Corp. Class A | 0.24% | 627,109 | $19.7M | Reduce -0.8% |
| ECL Ecolab Inc. | 0.23% | 74,558 | $18.9M | Reduce -9.6% |
| SLM SLM Corp. | 0.23% | 641,554 | $18.8M | Add +172.7% |
| AWK American Water Works Co. Inc. | 0.23% | 126,926 | $18.7M | Add +21.9% |
| XYL Xylem Inc. | 0.22% | 153,614 | $18.4M | Reduce -4.4% |
| CTSH Cognizant Tech Solutions-A | 0.21% | 230,531 | $17.6M | Reduce -3.3% |
| FTV Fortive Corp. | 0.21% | 239,735 | $17.5M | Add +60.0% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.20% | 1,654,481 | $16.9M | Reduce -74.8% |
| SHOP Shopify Inc. Class A | 0.20% | 173,029 | $16.5M | Reduce -3.1% |
| RSG Republic Services Inc. | 0.19% | 65,621 | $15.9M | Reduce -1.0% |
| WM Waste Management Inc. | 0.19% | 68,338 | $15.8M | Add +3.7% |
Portfolio Sells Q4 2024 → Q1 2025
| RYAAY Ryanair Holdings PLC-SP ADR | Sold out | 0.00% | −1.31 |
| MSFT Microsoft Corp. | Reduce -34.7% | 1.94% | −1.31 |
| GTLS Chart Industries Inc. | Sold out | 0.00% | −0.98 |
| PYPL PayPal Holdings Inc. | Reduce -96.8% | 0.02% | −0.92 |
| MRVL Marvell Technology Inc. | Reduce -96.9% | 0.02% | −0.89 |
| ADBE Adobe Inc. | Reduce -96.6% | 0.03% | −0.89 |
| PTC PTC Inc. | Reduce -95.8% | 0.03% | −0.89 |
| TPG TPG Inc. | Sold out | 0.00% | −0.86 |
| LLY Eli Lilly & Co. | Reduce -98.5% | 0.01% | −0.83 |
| PRCT Procept Biorobotics Corp. | Sold out | 0.00% | −0.79 |
| FLUT Flutter Entertainment PLC-Di | Reduce -7.9% | 3.00% | −0.70 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -74.8% | 0.20% | −0.59 |
| CMCSA Comcast Corp. Class A | Reduce -93.7% | 0.04% | −0.57 |
| NVDA Nvidia Corp. | Reduce -12.5% | 1.25% | −0.47 |
| LAD Lithia Motors Inc. | Sold out | 0.00% | −0.41 |
| AVGO Broadcom Inc. | Reduce -4.9% | 0.77% | −0.32 |
| PRKS United Parks & Resorts Inc. | Sold out | 0.00% | −0.30 |
| SPOT Spotify Technology SA | Reduce -29.7% | 2.38% | −0.30 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -22.3% | 0.55% | −0.27 |
| CDW CDW Corp. | Reduce -11.4% | 1.38% | −0.26 |
| GOOGL Alphabet Inc. Class A | Reduce -2.6% | 1.02% | −0.23 |
| ARMK Aramark | Reduce -98.7% | 0.00% | −0.21 |
| CIEN Ciena Corp. | Reduce -34.8% | 0.17% | −0.18 |
| ARES Ares Management Corp. Class A | Reduce -5.1% | 0.74% | −0.18 |
| GXO Gxo Logistics Inc. | Reduce -3.5% | 1.43% | −0.17 |
| AMZN Amazon.com Inc. | Reduce -4.4% | 0.97% | −0.17 |
| ALB Albemarle Corp. | Sold out | 0.00% | −0.13 |
| GRAB Grab Holdings Ltd. Class A | Reduce -3.9% | 2.37% | −0.13 |
| CLVT Clarivate PLC | Reduce -3.9% | 0.42% | −0.13 |
| XYZ Block Inc. | Sold out | 0.00% | −0.13 |
| CCL Carnival Corp. | Reduce -1.0% | 0.38% | −0.10 |
| AVTR Avantor Inc. | Reduce -1.3% | 0.34% | −0.10 |
| LNWO Light & Wonder Inc. | Reduce -35.2% | 0.18% | −0.09 |
| BALL Ball Corp. | Sold out | 0.00% | −0.08 |
| PRGO Perrigo Co. PLC | Reduce -20.3% | 0.65% | −0.08 |
| PHG Koninklijke Philips NVR- NY | Reduce -22.7% | 0.26% | −0.07 |
| LBTYK Liberty Global Ltd. Class C | Sold out | 0.00% | −0.06 |
| CRH CRH PLC | Reduce -0.0% | 2.48% | −0.06 |
| ARGX Argenx SE - ADR | Reduce -5.3% | 0.82% | −0.05 |
| AAPL Apple Inc. | Reduce -14.0% | 0.18% | −0.05 |
| MSA Msa Safety Inc. | Reduce -48.6% | 0.04% | −0.04 |
| WTM White Mountains Insurance GP | Reduce -19.7% | 0.18% | −0.04 |
| VRRM Verra Mobility Corp. | Reduce -40.1% | 0.04% | −0.03 |
| A Agilent Technologies Inc. | Reduce -41.9% | 0.03% | −0.03 |
| FIS Fidelity National Info Serv | Reduce -1.7% | 0.41% | −0.03 |
| ANSS Ansys Inc. | Reduce -30.9% | 0.06% | −0.03 |
| SNREY Sunrise Communicat Class A | Sold out | 0.00% | −0.03 |
| SHOP Shopify Inc. Class A | Reduce -3.1% | 0.20% | −0.02 |
| NOMD Nomad Foods Ltd. | Reduce -29.5% | 0.12% | −0.02 |
| PLTR Palantir Technologies Inc. Class A | Reduce -73.0% | 0.01% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| CME Cme Group Inc. | Add +2214.8% | 0.89% | +0.86 |
| CBOE Cboe Global Markets Inc. | New | 0.81% | +0.81 |
| SNEX Stonex Group Inc. | New | 0.78% | +0.78 |
| NFLX Netflix Inc. | Add +3406.7% | 0.80% | +0.78 |
| NTNX Nutanix Inc. Class A | Add +10205.3% | 0.74% | +0.73 |
| ISRG Intuitive Surgical Inc. | New | 0.72% | +0.72 |
| FOUR SHIFT4 Payments Inc. Class A | New | 0.69% | +0.69 |
| ATO Atmos Energy Corp. | Add +17.2% | 2.71% | +0.69 |
| WPM Wheaton Precious Metals Corp. | New | 0.61% | +0.61 |
| FCX Freeport-McMoran Inc. | Add +71.7% | 1.35% | +0.58 |
| JAZZ Jazz Pharmaceuticals PLC | Add +60.2% | 1.43% | +0.57 |
| ELV Elevance Health Inc. | Add +9383.2% | 0.51% | +0.50 |
| ORCL Oracle Corp. | Add +46.9% | 2.17% | +0.46 |
| EG Everest Group Ltd. | New | 0.46% | +0.46 |
| FERG Ferguson Enterprises Inc. | Add +462.2% | 0.52% | +0.42 |
| CMS CMS Energy Corp. | Add +4.0% | 1.96% | +0.33 |
| ENTG Entegris Inc. | New | 0.28% | +0.28 |
| TMO Thermo Fisher Scientific Inc. | Add +20.9% | 1.67% | +0.27 |
| FMX Fomento Economico Mex-SP ADR | Add +5.7% | 1.15% | +0.22 |
| ITUB Itau Unibanco H-Spon PRF ADR | Add +9.9% | 1.00% | +0.20 |
| BAC Bank of America Corp. | Add +238.4% | 0.28% | +0.19 |
| LEN Lennar Corp. Class A | New | 0.18% | +0.18 |
| VRT Vertiv Holdings Co. Class A | Add +1955.2% | 0.19% | +0.17 |
| SBAC SBA Communications Corp. | Add +37.8% | 0.47% | +0.16 |
| MCHP Microchip Technology Inc. | Add +99.2% | 0.36% | +0.15 |
| SLM SLM Corp. | Add +172.7% | 0.23% | +0.15 |
| MAA Mid-America Apartment Comm | Add +41.5% | 0.37% | +0.13 |
| PSA Public Storage | Add +33.8% | 0.48% | +0.13 |
| GEHC GE Healthcare Technology | Add +3.9% | 1.32% | +0.12 |
| PLD Prologis Inc. | Add +22.5% | 0.48% | +0.12 |
| RDUS Radius Recycling Inc. Class A | Add +159.6% | 0.12% | +0.10 |
| NICE Nice Ltd. - Spon ADR | Add +33.5% | 0.47% | +0.09 |
| INFY Infosys Ltd.-SP ADR | Add +72.6% | 0.26% | +0.08 |
| FTV Fortive Corp. | Add +60.0% | 0.21% | +0.08 |
| YMM Full Truck Alliance -SPN ADR | Add +9.8% | 0.30% | +0.08 |
| AWK American Water Works Co. Inc. | Add +21.9% | 0.23% | +0.07 |
| MASI Masimo Corp. | New | 0.06% | +0.06 |
| LKQ LKQ Corp. | Add +40.6% | 0.15% | +0.06 |
| PAAS Pan American Silver Corp. | Add +24.9% | 0.15% | +0.06 |
| BUD Anheuser-Busch Inbev-SPN ADR | Add +21.4% | 0.16% | +0.05 |
| SBS Cia Saneamento Basico DE-ADR | Add +12.3% | 0.17% | +0.05 |
| VEEV Veeva Systems Inc. Class A | New | 0.05% | +0.05 |
| AWR American States Water Co. | Add +41.8% | 0.14% | +0.05 |
| WCN Waste Connections Inc. | Add +12.3% | 0.18% | +0.04 |
| TOST Toast Inc. Class A | Add +13.2% | 0.76% | +0.04 |
| STE Steris PLC | Add +21.4% | 0.15% | +0.04 |
| CCK Crown Holdings Inc. | Add +22.1% | 0.14% | +0.04 |
| PODD Insulet Corp. | New | 0.04% | +0.04 |
| MWA Mueller Water Products Inc. Class A | Add +24.5% | 0.12% | +0.04 |
| MDT Medtronic PLC | Add +177.5% | 0.05% | +0.04 |
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 |