Perpetual Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 11, 2025), Perpetual Ltd reported 416 stock positions worth $8.5 billion. Its top holding was Flutter Entertainment PLC-Di (FLUT) at 3.8% of the portfolio, followed by MercadoLibre (MELI, 3.2%) and Intercontinental Exchange (ICE, 3.0%). Compared with Q1 2025, it opened 45 new positions, sold out of 40, added to 136 and reduced 206. The biggest buy was a new position in Chart Industries (GTLS) and the biggest sale an exit from Grab Class A (GRAB).
- Most Recent 13F
- Q2 2026
- Location
- SYDNEY, NEW SOUTH WALES, C3
- CIK
- 0001647273
- Portfolio Value
- $8.5B (Q2 2025)
- SEC Filing
- 0001104659-25-067159 ↗ filed Jul 11, 2025
Holdings Value
Holdings 416 stocks · $8.5B
| FLUT Flutter Entertainment PLC-Di | 3.76% | 1,120,237 | $320.1M | Reduce -0.0% |
| MELI MercadoLibre Inc. | 3.16% | 102,990 | $269.2M | Reduce -24.6% |
| ICE Intercontinental Exchange Inc. | 3.03% | 1,408,279 | $258.4M | Reduce -5.4% |
| SE Sea Ltd.-ADR | 2.94% | 1,565,679 | $250.4M | Reduce -22.9% |
| ORCL Oracle Corp. | 2.77% | 1,078,291 | $235.7M | Reduce -16.2% |
| MSFT Microsoft Corp. | 2.71% | 464,765 | $231.2M | Add +8.5% |
| ATO Atmos Energy Corp. | 2.55% | 1,411,508 | $217.5M | Reduce -2.9% |
| CDW CDW Corp. | 2.35% | 1,120,582 | $200.1M | Add +57.7% |
| PM Philip Morris International | 2.30% | 1,076,079 | $196.0M | Reduce -16.0% |
| SPOT Spotify Technology SA | 2.20% | 244,334 | $187.5M | Reduce -31.8% |
| EMR Emerson Electric Co. | 2.17% | 1,384,613 | $184.6M | Add +17.3% |
| TMO Thermo Fisher Scientific Inc. | 1.90% | 399,937 | $162.2M | Add +43.9% |
| CRH CRH PLC | 1.89% | 1,751,006 | $160.7M | Reduce -25.1% |
| AER Aercap Holdings NV | 1.84% | 1,343,442 | $157.2M | Reduce -8.4% |
| SRE Sempra | 1.81% | 2,034,548 | $154.2M | Reduce -21.1% |
| GXO Gxo Logistics Inc. | 1.73% | 3,032,690 | $147.7M | Reduce -0.1% |
| FCX Freeport-McMoran Inc. | 1.70% | 3,348,895 | $145.2M | Add +13.6% |
| CMS CMS Energy Corp. | 1.66% | 2,041,739 | $141.5M | Reduce -5.3% |
| CSX CSX Corp. | 1.38% | 3,616,214 | $118.0M | Add +34.7% |
| GTLS Chart Industries Inc. | 1.26% | 652,888 | $107.5M | New |
| CHKP Check Point Software Tech | 1.25% | 480,370 | $106.3M | Reduce -5.8% |
| CNH CNH Industrial NV | 1.12% | 7,347,045 | $95.2M | Reduce -18.3% |
| ITUB Itau Unibanco H-Spon PRF ADR | 1.11% | 13,987,162 | $95.0M | Reduce -6.9% |
| FMX Fomento Economico Mex-SP ADR | 1.11% | 916,864 | $94.4M | Reduce -6.2% |
| JAZZ Jazz Pharmaceuticals PLC | 1.11% | 887,583 | $94.2M | Reduce -6.8% |
| PGR Progressive Corp. | 1.07% | 341,030 | $91.0M | Add +6.4% |
| LIN Linde PLC | 1.04% | 189,602 | $89.0M | Reduce -7.9% |
| HDB HDFC Bank Ltd.-ADR | 0.99% | 1,101,834 | $84.5M | Add +1.4% |
| FERG Ferguson Enterprises Inc. | 0.99% | 386,888 | $84.2M | Add +43.9% |
| AVGO Broadcom Inc. | 0.84% | 259,832 | $71.6M | Reduce -31.6% |
| GOOGL Alphabet Inc. Class A | 0.78% | 376,321 | $66.3M | Reduce -31.1% |
| MRK Merck & Co. Inc. | 0.77% | 824,113 | $65.2M | Add +24.5% |
| NFLX Netflix Inc. | 0.75% | 47,932 | $64.2M | Reduce -32.2% |
| AMZN Amazon.com Inc. | 0.75% | 291,815 | $64.0M | Reduce -31.1% |
| UBER Uber Technologies Inc. | 0.75% | 682,091 | $63.6M | Add +5554.9% |
| B Barrick Mining Corp. | 0.74% | 3,046,085 | $63.4M | Reduce -7.0% |
| CX Cemex Sab-Spons ADR Part Cer | 0.74% | 9,139,920 | $63.3M | Reduce -1.7% |
| COIN Coinbase Global Inc. Class A | 0.73% | 177,821 | $62.3M | New |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 0.70% | 633,308 | $59.3M | Reduce -19.6% |
| CRM Salesforce Inc. | 0.69% | 216,217 | $59.0M | Add +2057.4% |
| SNEX Stonex Group Inc. | 0.69% | 645,250 | $58.8M | Reduce -23.8% |
| CBOE Cboe Global Markets Inc. | 0.68% | 249,003 | $58.1M | Reduce -15.9% |
| TW Tradeweb Markets Inc. Class A | 0.68% | 394,969 | $57.8M | New |
| CME Cme Group Inc. | 0.67% | 208,186 | $57.4M | Reduce -25.0% |
| NTNX Nutanix Inc. Class A | 0.67% | 748,899 | $57.2M | Reduce -14.5% |
| ISRG Intuitive Surgical Inc. | 0.65% | 102,056 | $55.5M | Reduce -14.9% |
| ZS Zscaler Inc. | 0.65% | 175,932 | $55.2M | Add +12033.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.65% | 243,449 | $55.1M | Reduce -11.6% |
| JBL Jabil Inc. | 0.64% | 250,769 | $54.7M | Add +7702.4% |
| TOST Toast Inc. Class A | 0.63% | 1,219,234 | $54.0M | Reduce -35.5% |
| ARGX Argenx SE - ADR | 0.63% | 96,955 | $53.4M | Reduce -15.3% |
| ADMA Adma Biologics Inc. | 0.62% | 2,894,286 | $52.7M | Reduce -18.5% |
| RBRK Rubrik Inc. Class A | 0.62% | 587,156 | $52.6M | Add +8282.0% |
| WPM Wheaton Precious Metals Corp. | 0.61% | 580,701 | $52.1M | Reduce -10.6% |
| GE General Electric filed as GE AEROSPACE | 0.61% | 201,215 | $51.8M | Add +1327.5% |
| PRGO Perrigo Co. PLC | 0.60% | 1,918,478 | $51.3M | Add +0.2% |
| RDDT Reddit Inc. Class A | 0.59% | 335,212 | $50.5M | New |
| APTV Aptiv PLC | 0.59% | 731,944 | $49.9M | Add +61.9% |
| CCL Carnival Corp. | 0.56% | 1,686,904 | $47.4M | Add +3.5% |
| NEM Newmont Corp. | 0.54% | 784,650 | $45.7M | Add +5.4% |
| MCHP Microchip Technology Inc. | 0.53% | 642,552 | $45.2M | Add +3.8% |
| NICE Nice Ltd. - Spon ADR | 0.51% | 258,683 | $43.7M | Add +3.5% |
| SBAC SBA Communications Corp. | 0.51% | 183,622 | $43.1M | Add +3.4% |
| ETR Entergy Corp. | 0.50% | 510,730 | $42.5M | Add +3.8% |
| PBR Petroleo Brasileiro-Spon ADR | 0.48% | 3,261,657 | $40.8M | Add +1.5% |
| PR Permian Resources Corp. Class A | 0.47% | 2,949,628 | $40.2M | Add +58.7% |
| PSA Public Storage | 0.47% | 136,472 | $40.0M | Add +2.5% |
| IBN Icici Bank Ltd.-Spon ADR | 0.46% | 1,173,032 | $39.5M | Reduce -0.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.46% | 821,965 | $38.9M | Add +49.7% |
| AIG American International Group | 0.45% | 449,661 | $38.5M | Add +3.3% |
| PLD Prologis Inc. | 0.45% | 363,458 | $38.2M | Add +2.7% |
| FIS Fidelity National Info Serv | 0.44% | 463,617 | $37.7M | Add +3.1% |
| PNW Pinnacle West Capital | 0.44% | 419,686 | $37.5M | Add +5.3% |
| EG Everest Group Ltd. | 0.44% | 109,873 | $37.3M | Add +5.3% |
| QCOM Qualcomm Inc. | 0.42% | 225,591 | $35.9M | Add +2.9% |
| CLVT Clarivate PLC | 0.42% | 8,285,317 | $35.6M | Reduce -6.3% |
| APD Air Products & Chemicals Inc. | 0.40% | 119,545 | $33.7M | Add +3.8% |
| VRT Vertiv Holdings Co. Class A | 0.39% | 261,466 | $33.6M | Add +23.2% |
| ENTG Entegris Inc. | 0.39% | 409,637 | $33.0M | Add +55.3% |
| WTW Willis Towers Watson PLC | 0.37% | 102,747 | $31.5M | Reduce -2.4% |
| SLM SLM Corp. | 0.35% | 915,162 | $30.0M | Add +42.6% |
| KDP Keurig Dr Pepper Inc. | 0.35% | 895,324 | $29.6M | Add +3.7% |
| TME Tencent Music Entertainm-ADR | 0.33% | 1,451,128 | $28.3M | Reduce -2.1% |
| MAA Mid-America Apartment Comm | 0.32% | 185,141 | $27.4M | Add +2.6% |
| JCI Johnson Controls Internation | 0.32% | 258,254 | $27.3M | Add +3.7% |
| HES Hess Corp. | 0.30% | 182,574 | $25.3M | Add +2.4% |
| LEN Lennar Corp. Class A | 0.29% | 223,832 | $24.8M | Add +72.4% |
| AVTR Avantor Inc. | 0.29% | 1,805,497 | $24.3M | Add +3.5% |
| INFY Infosys Ltd.-SP ADR | 0.27% | 1,255,035 | $23.3M | Add +6.7% |
| FTV Fortive Corp. | 0.27% | 436,104 | $22.7M | Add +81.9% |
| HAL Halliburton Co. | 0.26% | 1,081,928 | $22.0M | Add +29.7% |
| AXTA Axalta Coating Systems Ltd. | 0.25% | 708,432 | $21.0M | Add +5.4% |
| PHG Koninklijke Philips NVR- NY | 0.25% | 872,646 | $20.9M | Add +2.6% |
| CIEN Ciena Corp. | 0.24% | 250,289 | $20.4M | Add +8.1% |
| SHOP Shopify Inc. Class A | 0.23% | 172,280 | $19.9M | Reduce -0.4% |
| CTSH Cognizant Tech Solutions-A | 0.22% | 244,570 | $19.1M | Add +6.1% |
| DAR Darling Ingredients Inc. | 0.22% | 497,727 | $18.9M | Add +5.3% |
| XYL Xylem Inc. | 0.22% | 145,415 | $18.8M | Reduce -5.3% |
| JD Jd.com Inc.-ADR | 0.22% | 572,843 | $18.7M | Add +2.4% |
| NVDA Nvidia Corp. | 0.21% | 115,411 | $18.2M | Reduce -87.9% |
Portfolio Sells Q1 2025 → Q2 2025
| GRAB Grab Holdings Ltd. Class A | Sold out | 0.00% | −2.37 |
| UNH Unitedhealth Group Inc. | Reduce -96.2% | 0.04% | −1.92 |
| GEHC GE Healthcare Technology | Sold out | 0.00% | −1.32 |
| NVDA Nvidia Corp. | Reduce -87.9% | 0.21% | −1.04 |
| SPGI S&P Global Inc. | Reduce -99.4% | 0.01% | −0.91 |
| ARES Ares Management Corp. Class A | Sold out | 0.00% | −0.74 |
| FOUR SHIFT4 Payments Inc. Class A | Sold out | 0.00% | −0.69 |
| CRH CRH PLC | Reduce -25.1% | 1.89% | −0.60 |
| ELV Elevance Health Inc. | Reduce -98.5% | 0.01% | −0.50 |
| SRE Sempra | Reduce -21.1% | 1.81% | −0.41 |
| JAZZ Jazz Pharmaceuticals PLC | Reduce -6.8% | 1.11% | −0.32 |
| CMS CMS Energy Corp. | Reduce -5.3% | 1.66% | −0.30 |
| SE Sea Ltd.-ADR | Reduce -22.9% | 2.94% | −0.26 |
| GOOGL Alphabet Inc. Class A | Reduce -31.1% | 0.78% | −0.24 |
| ADMA Adma Biologics Inc. | Reduce -18.5% | 0.62% | −0.23 |
| AMZN Amazon.com Inc. | Reduce -31.1% | 0.75% | −0.22 |
| CNH CNH Industrial NV | Reduce -18.3% | 1.12% | −0.22 |
| CME Cme Group Inc. | Reduce -25.0% | 0.67% | −0.22 |
| ARGX Argenx SE - ADR | Reduce -15.3% | 0.63% | −0.19 |
| SPOT Spotify Technology SA | Reduce -31.8% | 2.20% | −0.18 |
| LNWO Light & Wonder Inc. | Sold out | 0.00% | −0.18 |
| ATO Atmos Energy Corp. | Reduce -2.9% | 2.55% | −0.16 |
| CHKP Check Point Software Tech | Reduce -5.8% | 1.25% | −0.16 |
| PM Philip Morris International | Reduce -16.0% | 2.30% | −0.16 |
| YMM Full Truck Alliance -SPN ADR | Reduce -37.3% | 0.17% | −0.13 |
| CBOE Cboe Global Markets Inc. | Reduce -15.9% | 0.68% | −0.13 |
| TOST Toast Inc. Class A | Reduce -35.5% | 0.63% | −0.12 |
| RDUS Radius Recycling Inc. Class A | Sold out | 0.00% | −0.12 |
| LIN Linde PLC | Reduce -7.9% | 1.04% | −0.11 |
| SNEX Stonex Group Inc. | Reduce -23.8% | 0.69% | −0.09 |
| ICE Intercontinental Exchange Inc. | Reduce -5.4% | 3.03% | −0.07 |
| NTNX Nutanix Inc. Class A | Reduce -14.5% | 0.67% | −0.07 |
| ISRG Intuitive Surgical Inc. | Reduce -14.9% | 0.65% | −0.07 |
| QTWO Q2 Holdings Inc. | Reduce -19.6% | 0.70% | −0.07 |
| WTW Willis Towers Watson PLC | Reduce -2.4% | 0.37% | −0.06 |
| MELI MercadoLibre Inc. | Reduce -24.6% | 3.16% | −0.06 |
| AZUL S A | Sold out | 0.00% | −0.05 |
| ABEV Ambev SA-ADR | Reduce -55.9% | 0.04% | −0.05 |
| FMX Fomento Economico Mex-SP ADR | Reduce -6.2% | 1.11% | −0.04 |
| NFLX Netflix Inc. | Reduce -32.2% | 0.75% | −0.04 |
| TAL Tal Education Group- ADR | Sold out | 0.00% | −0.04 |
| HASI Ha Sustainable Infrastructur | Reduce -44.0% | 0.03% | −0.03 |
| ANSS Ansys Inc. | Reduce -61.9% | 0.02% | −0.03 |
| PAAS Pan American Silver Corp. | Reduce -24.7% | 0.12% | −0.03 |
| ECL Ecolab Inc. | Reduce -15.3% | 0.20% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -66.1% | 0.01% | −0.03 |
| T AT&T Inc. | Reduce -60.1% | 0.02% | −0.03 |
| OVV Ovintiv Inc. | Sold out | 0.00% | −0.03 |
| ABBV Abbvie Inc. | Reduce -42.1% | 0.02% | −0.02 |
| B Barrick Mining Corp. | Reduce -7.0% | 0.74% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| GTLS Chart Industries Inc. | New | 1.26% | +1.26 |
| CDW CDW Corp. | Add +57.7% | 2.35% | +0.97 |
| MSFT Microsoft Corp. | Add +8.5% | 2.71% | +0.77 |
| UBER Uber Technologies Inc. | Add +5554.9% | 0.75% | +0.74 |
| COIN Coinbase Global Inc. Class A | New | 0.73% | +0.73 |
| TW Tradeweb Markets Inc. Class A | New | 0.68% | +0.68 |
| CRM Salesforce Inc. | Add +2057.4% | 0.69% | +0.66 |
| ZS Zscaler Inc. | Add +12033.2% | 0.65% | +0.64 |
| JBL Jabil Inc. | Add +7702.4% | 0.64% | +0.64 |
| RBRK Rubrik Inc. Class A | Add +8282.0% | 0.62% | +0.61 |
| EMR Emerson Electric Co. | Add +17.3% | 2.17% | +0.60 |
| RDDT Reddit Inc. Class A | New | 0.59% | +0.59 |
| GE General Electric | Add +1327.5% | 0.61% | +0.57 |
| FERG Ferguson Enterprises Inc. | Add +43.9% | 0.99% | +0.47 |
| CSX CSX Corp. | Add +34.7% | 1.38% | +0.43 |
| FCX Freeport-McMoran Inc. | Add +13.6% | 1.70% | +0.36 |
| APTV Aptiv PLC | Add +61.9% | 0.59% | +0.26 |
| TMO Thermo Fisher Scientific Inc. | Add +43.9% | 1.90% | +0.23 |
| VRT Vertiv Holdings Co. Class A | Add +23.2% | 0.39% | +0.21 |
| BAC Bank of America Corp. | Add +49.7% | 0.46% | +0.18 |
| CCL Carnival Corp. | Add +3.5% | 0.56% | +0.17 |
| MCHP Microchip Technology Inc. | Add +3.8% | 0.53% | +0.17 |
| PR Permian Resources Corp. Class A | Add +58.7% | 0.47% | +0.16 |
| SLM SLM Corp. | Add +42.6% | 0.35% | +0.12 |
| HDB HDFC Bank Ltd.-ADR | Add +1.4% | 0.99% | +0.12 |
| LEN Lennar Corp. Class A | Add +72.4% | 0.29% | +0.11 |
| ENTG Entegris Inc. | Add +55.3% | 0.39% | +0.11 |
| NEM Newmont Corp. | Add +5.4% | 0.54% | +0.10 |
| BBD Banco Bradesco-ADR | Add +4814.1% | 0.08% | +0.08 |
| JCI Johnson Controls Internation | Add +3.7% | 0.32% | +0.08 |
| CIEN Ciena Corp. | Add +8.1% | 0.24% | +0.07 |
| STNE Stoneco Ltd. Class A | New | 0.06% | +0.06 |
| FTV Fortive Corp. | Add +81.9% | 0.27% | +0.06 |
| MRK Merck & Co. Inc. | Add +24.5% | 0.77% | +0.05 |
| NICE Nice Ltd. - Spon ADR | Add +3.5% | 0.51% | +0.05 |
| DAR Darling Ingredients Inc. | Add +5.3% | 0.22% | +0.04 |
| PNR Pentair PLC | Add +11.0% | 0.20% | +0.04 |
| BFAM Bright Horizons Family Solut | Add +377.3% | 0.05% | +0.04 |
| ZWS Zurn Elkay Water Solutions C | Add +28.0% | 0.15% | +0.04 |
| FIS Fidelity National Info Serv | Add +3.1% | 0.44% | +0.04 |
| BRSL Brightstar Lottery PLC | New | 0.04% | +0.04 |
| EMBJ Embraer SA-Spon ADR | Add +17.7% | 0.12% | +0.03 |
| CNM Core & Main Inc. Class A | Add +4.2% | 0.17% | +0.03 |
| SBAC SBA Communications Corp. | Add +3.4% | 0.51% | +0.03 |
| SBS Cia Saneamento Basico DE-ADR | Add +0.4% | 0.20% | +0.03 |
| AOS Smith (a.o.) Corp. | Add +34.8% | 0.11% | +0.03 |
| WTS Watts Water Technologies-A | Add +0.4% | 0.17% | +0.03 |
| BAH Booz Allen Hamilton Holdings | New | 0.03% | +0.03 |
| MDT Medtronic PLC | Add +54.8% | 0.08% | +0.02 |
| INTC Intel Corp. | New | 0.02% | +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 |