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

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 Q4 2024 Q1 2025: $8.3B Q1 2025 Q2 2025: $8.5B $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 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%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.21% 1,323,183 $18.2M Reduce -20.0%
WMG Warner Music Group Corp. Class A 0.21% 660,531 $18.0M Add +5.3%
AWK American Water Works Co. Inc. 0.21% 125,691 $17.5M Reduce -1.0%
SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI 0.20% 793,566 $17.4M Add +0.4%
PNR Pentair PLC 0.20% 167,343 $17.2M Add +11.0%
ECL Ecolab Inc. 0.20% 63,183 $17.0M Reduce -15.3%
RSG Republic Services Inc. 0.19% 65,856 $16.2M Add +0.4%
WM Waste Management Inc. 0.18% 67,875 $15.5M Reduce -0.7%
WCN Waste Connections Inc. 0.17% 78,778 $14.7M Add +0.4%
WTS Watts Water Technologies-A 0.17% 59,029 $14.5M Add +0.4%
YMM Full Truck Alliance -SPN ADR 0.17% 1,229,000 $14.5M Reduce -37.3%
AAPL Apple Inc. 0.17% 69,638 $14.3M Add +3.8%
CLH Clean Harbors Inc. 0.17% 60,931 $14.1M Add +0.4%
CNM Core & Main Inc. Class A 0.17% 232,983 $14.1M Add +4.2%
WTM White Mountains Insurance GP 0.16% 7,727 $13.9M No change
CCK Crown Holdings Inc. 0.16% 134,004 $13.8M Add +0.4%
ARCO Arcos Dorados Holdings Inc. Class A 0.16% 1,744,914 $13.8M Add +4.0%
BUD Anheuser-Busch Inbev-SPN ADR 0.16% 194,094 $13.3M Reduce -7.7%
SCI Service Corp. International 0.16% 163,390 $13.3M Add +0.4%
STE Steris PLC 0.16% 55,117 $13.2M Add +0.3%
MLI Mueller Industries Inc. 0.15% 164,361 $13.1M Add +0.3%
BMI Badger Meter Inc. 0.15% 52,426 $12.8M Reduce -11.3%
ZWS Zurn Elkay Water Solutions C 0.15% 338,479 $12.4M Add +28.0%
VLTO Veralto Corp. 0.14% 118,632 $12.0M Add +0.3%
AWR American States Water Co. filed as AMER STATES WTR CO 0.14% 152,732 $11.7M Add +0.4%
WMS Advanced Drainage Systems Inc. 0.14% 101,182 $11.6M Reduce -1.1%
LKQ LKQ Corp. 0.13% 290,042 $10.7M Add +0.0%
TTEK Tetra Tech Inc. 0.13% 297,978 $10.7M Add +0.3%
GLNG Golar LNG Ltd. 0.13% 258,502 $10.6M Add +3.8%
PAAS Pan American Silver Corp. 0.12% 362,807 $10.3M Reduce -24.7%
EMBJ Embraer SA-Spon ADR 0.12% 179,471 $10.2M Add +17.7%
META Meta Platforms Inc. Class A 0.12% 13,819 $10.2M Reduce -23.3%
CPRT Copart Inc. 0.12% 203,767 $10.0M Add +0.3%
BPOP Popular Inc. 0.11% 85,708 $9.4M Reduce -0.1%
NOMD Nomad Foods Ltd. 0.11% 547,905 $9.3M Add +8.4%
AOS Smith (a.o.) Corp. 0.11% 141,606 $9.3M Add +34.8%
MWA Mueller Water Products Inc. Class A 0.11% 385,753 $9.3M Add +0.4%
BBD Banco Bradesco-ADR 0.08% 2,328,462 $7.2M Add +4814.1%
ACGL Arch Capital Group Ltd. 0.08% 75,563 $6.9M Reduce -0.2%
MDT Medtronic PLC 0.08% 73,624 $6.4M Add +54.8%
HLF Herbalife Ltd. 0.07% 727,928 $6.3M Reduce -2.8%
JNJ Johnson & Johnson 0.07% 38,610 $5.9M Reduce -6.5%
VEEV Veeva Systems Inc. Class A 0.06% 17,792 $5.1M Add +1.6%
STNE Stoneco Ltd. Class A 0.06% 304,051 $4.9M New
VRSK Verisk Analytics Inc. 0.06% 15,164 $4.7M Reduce -25.2%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.05% 137,038 $4.6M Add +12.6%
ITRI Itron Inc. 0.05% 34,887 $4.6M Reduce -31.8%
BFAM Bright Horizons Family Solut 0.05% 36,795 $4.5M Add +377.3%
VRRM Verra Mobility Corp. 0.05% 178,323 $4.5M Add +9.1%
BKNG Booking Holdings Inc. 0.05% 738 $4.3M Reduce -14.7%
MPWR Monolithic Power Systems Inc. 0.05% 5,561 $4.1M Reduce -14.9%
XOM Exxon Mobil Corp. 0.05% 37,235 $4.0M Reduce -21.1%
WELL Welltower Inc. 0.04% 24,035 $3.7M Add +2.0%
UNH Unitedhealth Group Inc. 0.04% 11,724 $3.7M Reduce -96.2%
A Agilent Technologies Inc. 0.04% 30,416 $3.6M Add +26.2%
MASI Masimo Corp. 0.04% 21,172 $3.6M Reduce -29.9%
PODD Insulet Corp. 0.04% 11,144 $3.5M Reduce -5.5%
WIT Wipro Ltd.-ADR 0.04% 1,146,200 $3.5M Add +39.7%
SNOW Snowflake Inc. 0.04% 14,800 $3.3M Add +23.1%
PFE Pfizer Inc. 0.04% 136,456 $3.3M Reduce -0.2%
LRN Stride Inc. 0.04% 22,580 $3.3M Add +5.7%
O Realty Income Corp. 0.04% 55,508 $3.2M Reduce -3.4%
ABEV Ambev SA-ADR 0.04% 1,315,091 $3.2M Reduce -55.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.04% 10,749 $3.2M Reduce -7.5%
BRSL Brightstar Lottery PLC filed as INTERNATIONAL GAME TECHNOLOG 0.04% 198,196 $3.1M New
GOOG Alphabet Inc. Class C 0.04% 17,159 $3.0M Add +3.2%
ANET Arista Networks Inc. 0.03% 28,762 $2.9M Reduce -16.0%
PTC PTC Inc. 0.03% 16,606 $2.9M Reduce -6.1%
NOW ServiceNow Inc. 0.03% 2,776 $2.9M Reduce -28.7%
HASI Ha Sustainable Infrastructur 0.03% 105,596 $2.8M Reduce -44.0%
GEV GE Vernova Inc. 0.03% 5,192 $2.7M Reduce -26.7%
AFYA Afya Ltd. Class A 0.03% 151,180 $2.7M Add +1.8%
PEP Pepsico Inc. 0.03% 19,959 $2.6M Add +68.0%
MSA Msa Safety Inc. 0.03% 15,166 $2.5M Reduce -25.2%
CSCO Cisco Systems Inc. 0.03% 36,598 $2.5M Reduce -3.8%
PLTR Palantir Technologies Inc. Class A 0.03% 18,550 $2.5M Add +118.2%
EQIX Equinix Inc. 0.03% 3,152 $2.5M Reduce -8.6%
PANW Palo Alto Networks Inc. 0.03% 12,226 $2.5M Reduce -5.6%
TEAM Atlassian Corp. Class A 0.03% 12,251 $2.5M Add +4.9%
CVX Chevron Corp. 0.03% 17,309 $2.5M Add +0.6%
ACN Accenture PLC Class A 0.03% 7,942 $2.4M Add +1.3%
JPM JPMorgan Chase & Co. 0.03% 8,047 $2.3M Reduce -33.7%
MA Mastercard Inc. Class A 0.03% 4,113 $2.3M Reduce -9.8%
FTNT Fortinet Inc. 0.03% 21,226 $2.2M No change
ADBE Adobe Inc. 0.03% 5,713 $2.2M Reduce -5.5%
DLR Digital Realty Trust Inc. 0.03% 12,660 $2.2M Reduce -13.1%
AMT American Tower Corp. 0.03% 9,806 $2.2M Reduce -24.2%
AVB Avalonbay Communities Inc. 0.03% 10,650 $2.2M Add +0.5%
BAH Booz Allen Hamilton Holdings 0.03% 20,802 $2.2M New
PG The Procter & Gamble Co. 0.03% 13,453 $2.1M Add +7.2%
EXPE Expedia Group Inc. 0.03% 12,637 $2.1M Add +63.4%
VZ Verizon Communications Inc. 0.02% 48,921 $2.1M Reduce -39.7%
ABBV Abbvie Inc. 0.02% 11,216 $2.1M Reduce -42.1%
PYPL PayPal Holdings Inc. 0.02% 27,901 $2.1M Reduce -7.5%
CB Chubb Ltd. 0.02% 7,010 $2.0M Add +3.2%
INTC Intel Corp. 0.02% 89,485 $2.0M New
RBLX Roblox Corp. Class A 0.02% 18,928 $2.0M Reduce -47.4%
ANSS Ansys Inc. 0.02% 5,618 $2.0M Reduce -61.9%
HD Home Depot Inc. 0.02% 5,377 $2.0M Reduce -0.6%
UL Unilever PLC 0.02% 31,718 $1.9M Reduce -14.1%
TIGO Millicom Intl Cellular S.A. 0.02% 50,750 $1.9M Reduce -18.7%
AUTL Autolus Therapeutics PLC 0.02% 829,090 $1.9M Reduce -32.3%
UNP Union Pacific Corp. 0.02% 8,022 $1.8M Reduce -4.5%
KO The Coca-Cola Co. 0.02% 26,038 $1.8M Reduce -8.4%
CNC Centene Corp. 0.02% 33,269 $1.8M Reduce -5.3%
FSLR First Solar Inc. 0.02% 10,680 $1.8M Add +172.9%
PNC PNC Financial Services Group 0.02% 9,434 $1.8M Add +10.4%
UPS United Parcel Service Class B 0.02% 17,381 $1.8M Reduce -1.6%
COP Conocophillips 0.02% 19,045 $1.7M Reduce -45.2%
BRK.B Berkshire Hathaway Inc. Class B 0.02% 3,344 $1.6M No change
C Citigroup Inc. 0.02% 19,041 $1.6M Reduce -6.1%
DASH DoorDash Inc. Class A 0.02% 6,434 $1.6M Add +72.5%
INCY Incyte Corp. 0.02% 22,108 $1.5M New
TSLA Tesla Inc. 0.02% 4,705 $1.5M Add +11.2%
T AT&T Inc. 0.02% 51,000 $1.5M Reduce -60.1%
SPG Simon Property Group Inc. 0.02% 9,090 $1.5M Reduce -16.7%
MNST Monster Beverage Corp. 0.02% 23,301 $1.5M New
BAP Credicorp Ltd. 0.02% 6,472 $1.4M Reduce -5.8%
ETN Eaton Corp. PLC 0.02% 4,004 $1.4M Reduce -18.8%
VALE Vale SA-SP ADR 0.02% 144,960 $1.4M No change
GM General Motors Co. 0.02% 28,464 $1.4M Add +13.7%
GILD Gilead Sciences Inc. 0.02% 12,161 $1.3M Reduce -16.9%
ZM Zoom Communications Inc. 0.02% 16,643 $1.3M Reduce -16.2%
AMAT Applied Materials Inc. 0.01% 7,002 $1.3M Add +63.4%
BNL Broadstone Net Lease Inc. 0.01% 79,699 $1.3M Reduce -9.8%
TSN Tyson Foods Inc. Class A 0.01% 22,832 $1.3M New
LMT Lockheed Martin Corp. 0.01% 2,717 $1.3M Add +141.5%
AZN Astrazeneca PLC-Spons ADR 0.01% 17,946 $1.3M Reduce -24.5%
BN Brookfield Corp. 0.01% 20,131 $1.2M Reduce -6.9%
INTU Intuit Inc. 0.01% 1,539 $1.2M Reduce -2.1%
PAGS Pagseguro Digital Ltd. Class A 0.01% 125,437 $1.2M Reduce -54.0%
ENIC Enel Chile SA-ADR 0.01% 325,219 $1.2M New
LLY Eli Lilly & Co. 0.01% 1,500 $1.2M Add +7.1%
NOC Northrop Grumman Corp. 0.01% 2,239 $1.1M Reduce -55.2%
SHEL Shell PLC-ADR 0.01% 15,839 $1.1M Add +1.3%
TTE Totalenergies SE -Spon ADR 0.01% 17,901 $1.1M Reduce -0.6%
MCK McKesson Corp. 0.01% 1,444 $1.1M Reduce -39.9%
CMCSA Comcast Corp. Class A 0.01% 29,483 $1.1M Reduce -66.1%
BRX Brixmor Property Group Inc. 0.01% 40,000 $1.0M Reduce -7.1%
SCHW Schwab (charles) Corp. 0.01% 11,277 $1.0M Reduce -1.5%
CI The Cigna Group 0.01% 3,065 $1.0M Add +57.3%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.01% 9,820 $1.0M Reduce -7.1%
ABT Abbott Laboratories 0.01% 7,400 $1.0M Reduce -25.3%
PCG P G & E Corp. 0.01% 70,902 $988K New
WMT Walmart Inc. 0.01% 9,956 $973K Reduce -62.1%
WDAY Workday Inc. Class A 0.01% 4,027 $966K New
LRCX Lam Research Corp. 0.01% 9,840 $958K Add +8.4%
VRSN Verisign Inc. 0.01% 3,283 $948K New
FSS Federal Signal Corp. 0.01% 8,862 $943K Add +0.0%
PCAR Paccar Inc. 0.01% 9,810 $933K Reduce -4.4%
CVS CVS Health Corp. 0.01% 13,297 $917K No change
LXP LXP Industrial Trust 0.01% 107,530 $888K Add +2.4%
PINS Pinterest Inc. Class A 0.01% 24,703 $886K Reduce -18.4%
AZO AutoZone Inc. 0.01% 236 $876K Reduce -6.7%
AN Autonation Inc. 0.01% 4,399 $874K Reduce -0.6%
HIW Highwoods Properties Inc. 0.01% 27,870 $866K Add +3.7%
MDLZ Mondelez International Inc. Class A 0.01% 12,761 $861K Add +13.4%
ADI Analog Devices Inc. 0.01% 3,583 $853K Reduce -1.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.01% 6,864 $848K Add +22.1%
DAL Delta Air Lines Inc. 0.01% 17,153 $844K Reduce -41.0%
DOCU Docusign Inc. 0.01% 10,635 $828K Add +30.4%
BMY Bristol-Myers Squibb Co. 0.01% 17,841 $826K Reduce -37.5%
MOH Molina Healthcare Inc. 0.01% 2,754 $820K Add +93.1%
CDNS Cadence Design SYS Inc. 0.01% 2,653 $818K Reduce -27.2%
MKC McCormick & Co.-Non VTG SHRS 0.01% 10,736 $814K Reduce -26.4%
TT Trane Technologies PLC 0.01% 1,810 $792K Reduce -22.4%
V Visa Inc. Class A 0.01% 2,208 $784K Reduce -60.6%
COST Costco Wholesale Corp. 0.01% 784 $776K Reduce -0.6%
STRL Sterling Infrastructure Inc. 0.01% 3,360 $775K Reduce -7.1%
BMRN Biomarin Pharmaceutical Inc. 0.01% 13,980 $768K New
GPI Group 1 Automotive Inc. 0.01% 1,755 $766K Reduce -7.1%
VTR Ventas Inc. 0.01% 12,120 $765K Reduce -10.5%
NEE Nextera Energy Inc. 0.01% 10,904 $757K No change
MS Morgan Stanley 0.01% 5,330 $751K Reduce -26.8%
HUBS HubSpot Inc. 0.01% 1,345 $749K Add +20.0%
JRVR James River Group Holdings I 0.01% 127,045 $744K Reduce -10.7%
MO Altria Group Inc. 0.01% 12,692 $744K Reduce -31.0%
MAC The Macerich Co. 0.01% 45,976 $744K Reduce -16.9%
AMH American Homes 4 Rent- A 0.01% 20,622 $744K Reduce -7.0%
DUK Duke Energy Corp. 0.01% 6,245 $737K New
OKTA Okta Inc. 0.01% 7,352 $735K Reduce -17.1%
DDOG Datadog Inc. Class A 0.01% 5,353 $719K Reduce -2.3%
ALL Allstate Corp. 0.01% 3,546 $714K Reduce -0.5%
ORLY O'reilly Automotive Inc. 0.01% 7,859 $708K Reduce -7.1%
ROAD Construction Partners Inc. Class A 0.01% 6,526 $694K Reduce -7.1%
WFC Wells Fargo & Co. 0.01% 8,613 $690K Reduce -25.2%
DKNG Draftkings Inc. Class A 0.01% 15,874 $681K New
KRG Kite Realty Group Trust 0.01% 29,870 $677K Reduce -7.1%
EIX Edison International 0.01% 13,057 $674K New
TYL Tyler Technologies Inc. 0.01% 1,131 $671K Add +46.1%
FDX FedEx Corp. 0.01% 2,918 $663K Reduce -5.3%
GD General Dynamics Corp. 0.01% 2,263 $660K Add +54.8%
ILMN Illumina Inc. 0.01% 6,917 $660K Reduce -33.6%
EPAM Epam Systems Inc. 0.01% 3,695 $653K Add +4.3%
NWSA News Corp. Class A 0.01% 21,830 $649K New
CMI Cummins Inc. 0.01% 1,979 $648K Reduce -7.1%
ALV Autoliv Inc. 0.01% 5,779 $647K Reduce -7.1%
GWRE Guidewire Software Inc. 0.01% 2,741 $645K Reduce -32.4%
XPO Xpo Inc. 0.01% 5,088 $643K Reduce -7.1%
IRT Independence Realty Trust Inc. 0.01% 36,315 $642K Reduce -16.3%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.01% 19,700 $642K No change
ASML ASML Holding NV-NY Reg SHS 0.01% 794 $636K Reduce -28.5%
BLBD Blue Bird Corp. 0.01% 14,514 $626K Add +9.1%
CUBE Cubesmart 0.01% 14,738 $626K New
FDS Factset Research Systems Inc. 0.01% 1,394 $624K Add +100.9%
TGT Target Corp. 0.01% 6,174 $609K Reduce -37.6%
ODFL Old Dominion Freight Line 0.01% 3,686 $598K Add +6.3%
WAB Wabtec Corp. 0.01% 2,753 $576K Reduce -24.4%
F Ford Motor Co. filed as FORD MTR CO 0.01% 52,800 $573K New
CTRE Caretrust REIT Inc. 0.01% 18,707 $572K Reduce -7.1%
JBHT Hunt (jb) Transprt SVCS Inc. 0.01% 3,966 $570K Reduce -6.5%
ELV Elevance Health Inc. 0.01% 1,462 $569K Reduce -98.5%
EXPD Expeditors Intl Wash Inc. 0.01% 4,928 $563K Reduce -7.1%
CL Colgate-Palmolive Co. 0.01% 5,947 $541K Reduce -1.3%
VNO Vornado Realty Trust 0.01% 14,110 $540K Reduce -7.0%
KVUE Kenvue Inc. 0.01% 24,741 $518K Reduce -1.0%
HON Honeywell International Inc. 0.01% 2,180 $508K Reduce -18.7%
CAT Caterpillar Inc. 0.01% 1,300 $505K Reduce -23.5%
PECO Phillips Edison & Company Inc. 0.01% 14,360 $503K Reduce -7.1%
SBUX Starbucks Corp. 0.01% 5,464 $501K Reduce -3.0%
OKE Oneok Inc. 0.01% 6,100 $498K Add +22.0%
GS Goldman Sachs Group Inc. 0.01% 700 $495K Reduce -30.0%
HUM Humana Inc. 0.01% 2,006 $490K New
SYK Stryker Corp. 0.01% 1,233 $488K Reduce -0.1%
NKE Nike Inc. Class B 0.01% 6,848 $486K Reduce -58.6%
RHP Ryman Hospitality Properties 0.01% 4,911 $485K Reduce -7.0%
AON Aon PLC Class A 0.01% 1,356 $484K Add +7.5%
CHRW C.H. Robinson Worldwide Inc. 0.01% 5,033 $483K Add +2.3%
NGD New Gold Inc. 0.01% 97,350 $482K New
CMG Chipotle Mexican Grill Inc. 0.01% 8,533 $479K Reduce -22.4%
TMUS T-Mobile US Inc. 0.01% 1,922 $458K Reduce -26.7%
WAY Waystar Holding Corp. 0.01% 11,061 $452K Reduce -16.9%
SHW The Sherwin-Williams Co. 0.01% 1,315 $452K Add +0.9%
SPGI S&P Global Inc. 0.01% 847 $447K Reduce -99.4%
KRC Kilroy Realty Corp. 0.01% 12,981 $445K Reduce -7.1%
EOG EOG Resources Inc. 0.01% 3,700 $443K Reduce -49.8%
ADP Automatic Data Processing 0.01% 1,432 $442K Reduce -1.3%
DRI Darden Restaurants Inc. 0.01% 1,983 $432K New
SW Smurfit Westrock PLC 0.01% 9,853 $425K New
CTS CTS Corp. 0.00% 9,755 $416K Add +14.8%
APH Amphenol Corp. Class A 0.00% 4,169 $412K Reduce -53.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.00% 3,300 $409K No change
CURB Curbline Properties Corp. 0.00% 17,534 $400K Reduce -7.1%
PSX Phillips 66 0.00% 3,330 $397K No change
KLAC KLA Corp. 0.00% 437 $391K Reduce -1.8%
ENS Enersys 0.00% 4,497 $386K Reduce -7.1%
HR Healthcare Realty Trust Inc. 0.00% 24,220 $384K Reduce -7.1%
FNF Fidelity National Financial 0.00% 6,843 $384K New
LULU Lululemon Athletica Inc. 0.00% 1,614 $383K Reduce -24.3%
EA Electronic Arts Inc. 0.00% 2,383 $381K New
VLO Valero Energy Corp. 0.00% 2,812 $378K Reduce -0.7%
ARQT Arcutis Biotherapeutics Inc. 0.00% 26,520 $372K No change
MRVL Marvell Technology Inc. 0.00% 4,797 $371K Reduce -77.9%
EWBC East West Bancorp Inc. 0.00% 3,668 $370K Reduce -29.9%
GIS General Mills Inc. 0.00% 7,136 $370K Add +31.9%
BC Brunswick Corp. 0.00% 6,677 $369K Add +33.9%
NBIX Neurocrine Biosciences Inc. 0.00% 2,930 $368K No change
ORA Ormat Technologies Inc. 0.00% 4,383 $367K Reduce -29.9%
USB US Bancorp 0.00% 7,971 $361K No change
BLK BlackRock Inc. 0.00% 334 $350K Reduce -38.7%
EXR Extra Space Storage Inc. 0.00% 2,376 $350K Reduce -1.7%
RTX RTX Corp. 0.00% 2,373 $347K New
BX Blackstone Inc. 0.00% 2,284 $342K New
AMCR Amcor PLC 0.00% 36,947 $340K Add +58.9%
CTVA Corteva Inc. 0.00% 4,460 $332K Reduce -2.0%
TTAN Servicetitan Inc. Class A 0.00% 3,022 $324K New
REVG Rev Group Inc. 0.00% 6,782 $323K New
ABNB Airbnb Inc. Class A 0.00% 2,418 $320K Reduce -86.0%
AIV Apartment Invt & Mgmt Co. Class A 0.00% 36,930 $319K Reduce -7.0%
UAL United Airlines Holdings Inc. 0.00% 3,994 $318K New
ITW Illinois Tool Works 0.00% 1,283 $317K No change
MDB Mongodb Inc. 0.00% 1,490 $313K New
TFC Truist Financial Corp. 0.00% 7,250 $312K Reduce -33.2%
SNAP Snap Inc. Class A 0.00% 35,733 $311K Reduce -49.1%
AXP American Express Co. 0.00% 956 $305K Add +1.2%
CCI Crown Castle Inc. 0.00% 2,962 $304K Reduce -58.3%
PEG Public Service Enterprise GP 0.00% 3,600 $303K No change
VRTX Vertex Pharmaceuticals Inc. 0.00% 679 $302K Add +9.0%
COF Capital One Financial Corp. 0.00% 1,402 $298K New
MMM 3M Co. 0.00% 1,912 $291K Reduce -75.2%
KMB Kimberly-Clark Corp. 0.00% 2,200 $284K No change
MPC Marathon Petroleum Corp. 0.00% 1,700 $282K No change
EXC Exelon Corp. 0.00% 6,500 $282K New
PRU Prudential Financial Inc. 0.00% 2,600 $279K No change
NXT Nextpower Inc. filed as NEXTRACKER INC 0.00% 5,022 $273K Reduce -51.0%
DD Dupont DE Nemours Inc. 0.00% 3,784 $260K Reduce -30.3%
CRWD CrowdStrike Holdings Inc. Class A 0.00% 508 $259K New
KR Kroger Co. 0.00% 3,600 $258K No change
NUE Nucor Corp. 0.00% 1,975 $256K New
GLPI Gaming and Leisure Propertie 0.00% 5,405 $252K No change
HPQ HP Inc. 0.00% 10,284 $252K New
SYY Sysco Corp. 0.00% 3,300 $250K No change
AMD Advanced Micro Devices 0.00% 1,756 $249K New
HWM Howmet Aerospace Inc. 0.00% 1,324 $246K New
CFG Citizens Financial Group 0.00% 5,449 $244K Reduce -49.6%
KHC The Kraft Heinz Co. 0.00% 9,292 $240K No change
FANG Diamondback Energy Inc. 0.00% 1,746 $240K No change
PPG PPG Industries Inc. 0.00% 2,100 $239K No change
CACI Caci International Inc. Class A 0.00% 488 $233K New
ARMK Aramark 0.00% 5,490 $230K Reduce -14.3%
BKR Baker Hughes Co. 0.00% 5,937 $228K Reduce -84.5%
BSX Boston Scientific Corp. 0.00% 2,116 $227K Reduce -3.3%
ADM Archer-Daniels-Midland Co. 0.00% 4,300 $227K New
BIIB Biogen Inc. 0.00% 1,797 $226K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.00% 2,471 $225K Reduce -0.4%
NXPI NXP Semiconductors NV 0.00% 1,020 $223K Reduce -45.1%
USFD US Foods Holding Corp. 0.00% 2,874 $221K New
ED Consolidated Edison Inc. 0.00% 2,200 $221K No change
PKG Packaging Corp. of America 0.00% 1,142 $215K No change
OMC Omnicom Group 0.00% 2,883 $207K Add +12.9%
K Kellanova 0.00% 2,600 $207K No change
NSC Norfolk Southern Corp. 0.00% 800 $205K New
ZTS Zoetis Inc. 0.00% 1,300 $203K Reduce -1.3%
URI United Rentals Inc. 0.00% 269 $203K Reduce -30.1%
WEC WEC Energy Group Inc. 0.00% 1,943 $202K No change
TELFY Telefonica SA-Spon ADR 0.00% 10,393 $54K No change

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

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