Perpetual Ltd

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 10, 2025), Perpetual Ltd reported 400 stock positions worth $8.1 billion. Its top holding was Sempra (SRE) at 3.6% of the portfolio, followed by Microsoft (MSFT, 3.2%) and CDW (CDW, 3.1%). Compared with Q2 2025, it opened 41 new positions, sold out of 57, added to 132 and reduced 203. The biggest buy was Sempra (SRE, shares +59%) and the biggest sale an exit from CMS Energy (CMS).

Most Recent 13F
Q2 2026
Location
SYDNEY, NEW SOUTH WALES, C3
CIK
0001647273
Portfolio Value
$8.1B (Q3 2025)
SEC Filing
0001104659-25-098515 ↗ filed Oct 10, 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 Q2 2025 Q3 2025: $8.1B $8.1B Q3 2025 Q4 2025: $6.9B Q4 2025 Q1 2026: $6.5B Q1 2026 Q2 2026: $7.0B Q2 2026

Holdings 400 stocks · $8.1B

SRE Sempra 3.61% 3,235,107 $291.1M Add +59.0%
MSFT Microsoft Corp. 3.24% 503,612 $260.8M Add +8.4%
CDW CDW Corp. 3.15% 1,593,035 $253.7M Add +42.2%
ATO Atmos Energy Corp. 3.14% 1,483,365 $253.3M Add +5.1%
FLUT Flutter Entertainment PLC-Di 2.93% 929,876 $236.2M Reduce -17.0%
PM Philip Morris International 2.85% 1,414,068 $229.4M Add +31.4%
ICE Intercontinental Exchange Inc. 2.67% 1,277,873 $215.3M Reduce -9.3%
SE Sea Ltd.-ADR 2.62% 1,182,528 $211.4M Reduce -24.5%
MELI MercadoLibre Inc. 2.53% 87,186 $203.7M Reduce -15.3%
TMO Thermo Fisher Scientific Inc. 2.52% 419,130 $203.3M Add +4.8%
CRH CRH PLC 2.47% 1,659,728 $199.0M Reduce -5.2%
AER Aercap Holdings NV 1.95% 1,295,143 $156.7M Reduce -3.6%
GXO Gxo Logistics Inc. 1.78% 2,711,627 $143.4M Reduce -10.6%
CSX CSX Corp. 1.77% 4,011,631 $142.5M Add +10.9%
SPOT Spotify Technology SA 1.76% 202,681 $141.5M Reduce -17.1%
EMR Emerson Electric Co. 1.71% 1,047,887 $137.5M Reduce -24.3%
TIGO Millicom Intl Cellular S.A. 1.65% 2,731,971 $132.6M Add +5283.2%
FERG Ferguson Enterprises Inc. 1.64% 589,953 $132.5M Add +52.5%
ORCL Oracle Corp. 1.64% 469,182 $132.0M Reduce -56.5%
GTLS Chart Industries Inc. 1.58% 637,202 $127.5M Reduce -2.4%
UNP Union Pacific Corp. 1.50% 512,221 $121.1M Add +6285.2%
FCX Freeport-McMoran Inc. 1.36% 2,788,269 $109.4M Reduce -16.7%
B Barrick Mining Corp. 1.25% 3,068,685 $100.6M Add +0.7%
CHKP Check Point Software Tech 1.22% 475,614 $98.4M Reduce -1.0%
ITUB Itau Unibanco H-Spon PRF ADR 1.18% 12,966,314 $95.2M Reduce -7.3%
GOOGL Alphabet Inc. Class A 1.10% 365,593 $88.9M Reduce -2.9%
AVGO Broadcom Inc. 1.07% 260,616 $86.0M Add +0.3%
CX Cemex Sab-Spons ADR Part Cer 1.03% 9,201,553 $82.7M Add +0.7%
LIN Linde PLC 0.99% 167,528 $79.6M Reduce -11.6%
JAZZ Jazz Pharmaceuticals PLC 0.99% 602,647 $79.4M Reduce -32.1%
HDB HDFC Bank Ltd.-ADR 0.94% 2,226,964 $76.1M Add +1.1%
PRGO Perrigo Co. PLC 0.87% 3,149,878 $70.1M Add +64.2%
AMZN Amazon.com Inc. 0.87% 317,736 $69.8M Add +8.9%
TSM Taiwan Semiconductor-SP ADR 0.81% 234,571 $65.5M Reduce -3.6%
CCL Carnival Corp. 0.60% 1,670,964 $48.3M Reduce -0.9%
ETR Entergy Corp. 0.58% 505,607 $47.1M Reduce -1.0%
MRK Merck & Co. Inc. 0.58% 554,455 $46.5M Reduce -32.7%
PNW Pinnacle West Capital 0.55% 493,105 $44.2M Add +17.5%
CVX Chevron Corp. 0.55% 284,382 $44.2M Add +1543.0%
SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI 0.53% 1,719,250 $42.8M Add +116.7%
ZS Zscaler Inc. 0.52% 141,071 $42.3M Reduce -19.8%
PBR Petroleo Brasileiro-Spon ADR 0.52% 3,295,157 $41.7M Add +1.0%
GE General Electric filed as GE AEROSPACE 0.51% 137,757 $41.4M Reduce -31.5%
MCHP Microchip Technology Inc. 0.51% 640,990 $41.2M Reduce -0.2%
CME Cme Group Inc. 0.50% 150,489 $40.7M Reduce -27.7%
PLD Prologis Inc. 0.50% 349,984 $40.1M Reduce -3.7%
APTV Aptiv PLC 0.50% 463,568 $40.0M Reduce -36.7%
UBER Uber Technologies Inc. 0.49% 405,440 $39.7M Reduce -40.6%
WPM Wheaton Precious Metals Corp. 0.49% 350,041 $39.1M Reduce -39.7%
CBOE Cboe Global Markets Inc. 0.48% 158,684 $38.9M Reduce -36.3%
JBL Jabil Inc. 0.48% 176,950 $38.4M Reduce -29.4%
EG Everest Group Ltd. 0.48% 109,514 $38.4M Reduce -0.3%
PSA Public Storage 0.47% 132,425 $38.3M Reduce -3.0%
ARQT Arcutis Biotherapeutics Inc. 0.47% 2,024,606 $38.2M Add +7534.3%
CRM Salesforce Inc. 0.47% 160,009 $37.9M Reduce -26.0%
CNH CNH Industrial NV 0.47% 3,479,785 $37.8M Reduce -52.6%
ENTG Entegris Inc. 0.47% 407,201 $37.6M Reduce -0.6%
NTNX Nutanix Inc. Class A 0.47% 505,491 $37.6M Reduce -32.5%
PR Permian Resources Corp. Class A 0.47% 2,937,064 $37.6M Reduce -0.4%
NFLX Netflix Inc. 0.47% 31,245 $37.5M Reduce -34.8%
QCOM Qualcomm Inc. 0.46% 224,121 $37.3M Reduce -0.7%
NICE Nice Ltd. - Spon ADR 0.46% 256,614 $37.2M Reduce -0.8%
SNEX Stonex Group Inc. 0.46% 367,725 $37.1M Reduce -43.0%
AMT American Tower Corp. 0.45% 189,586 $36.5M Add +1833.4%
ARGX Argenx SE - ADR 0.45% 49,379 $36.4M Reduce -49.1%
RDDT Reddit Inc. Class A 0.45% 156,643 $36.0M Reduce -53.3%
IBN Icici Bank Ltd.-Spon ADR 0.44% 1,174,716 $35.5M Add +0.1%
AIG American International Group 0.44% 446,270 $35.1M Reduce -0.8%
RBRK Rubrik Inc. Class A 0.43% 416,971 $34.3M Reduce -29.0%
MS Morgan Stanley 0.43% 215,631 $34.3M Add +3945.6%
NEM Newmont Corp. 0.42% 398,315 $33.6M Reduce -49.2%
CLVT Clarivate PLC 0.41% 8,567,267 $32.8M Add +3.4%
QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC 0.40% 450,450 $32.6M Reduce -28.9%
APD Air Products & Chemicals Inc. 0.40% 117,032 $31.9M Reduce -2.1%
WAL Western Alliance Bancorp 0.39% 358,303 $31.1M New
ADMA Adma Biologics Inc. 0.39% 2,119,291 $31.1M Reduce -26.8%
COIN Coinbase Global Inc. Class A 0.38% 91,254 $30.8M Reduce -48.7%
WTW Willis Towers Watson PLC 0.38% 88,383 $30.5M Reduce -14.0%
FTV Fortive Corp. 0.37% 613,793 $30.1M Add +40.7%
TME Tencent Music Entertainm-ADR 0.35% 1,202,899 $28.1M Reduce -17.1%
LEN Lennar Corp. Class A 0.35% 222,130 $28.0M Reduce -0.8%
JCI Johnson Controls Internation 0.35% 252,997 $27.8M Reduce -2.0%
AXTA Axalta Coating Systems Ltd. 0.33% 917,760 $26.3M Add +29.6%
HAL Halliburton Co. 0.33% 1,064,329 $26.2M Reduce -1.6%
SHOP Shopify Inc. Class A 0.32% 173,569 $25.8M Add +0.8%
MAA Mid-America Apartment Comm 0.32% 183,675 $25.7M Reduce -0.8%
NVDA Nvidia Corp. 0.32% 137,049 $25.6M Add +18.8%
SLM SLM Corp. 0.31% 906,392 $25.1M Reduce -1.0%
VRT Vertiv Holdings Co. Class A 0.28% 150,192 $22.7M Reduce -42.6%
CIEN Ciena Corp. 0.28% 154,875 $22.6M Reduce -38.1%
KDP Keurig Dr Pepper Inc. 0.28% 884,035 $22.6M Reduce -1.3%
AVTR Avantor Inc. 0.28% 1,803,730 $22.5M Reduce -0.1%
WMG Warner Music Group Corp. Class A 0.28% 655,284 $22.3M Reduce -0.8%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.26% 1,323,183 $21.2M No change
INFY Infosys Ltd.-SP ADR 0.26% 1,285,679 $20.9M Add +2.4%
AAPL Apple Inc. 0.26% 82,075 $20.9M Add +17.9%
JD Jd.com Inc.-ADR 0.25% 568,308 $19.9M Reduce -0.8%
NWS News Corp. Class B 0.24% 563,116 $19.5M New
XYL Xylem Inc. 0.23% 124,176 $18.3M Reduce -14.6%
MLI Mueller Industries Inc. 0.21% 171,192 $17.3M Add +4.2%
GEO The Geo Group Inc. 0.21% 842,763 $17.3M New
WTS Watts Water Technologies-A 0.21% 59,667 $16.7M Add +1.1%
PNR Pentair PLC 0.21% 149,676 $16.6M Reduce -10.6%
AWK American Water Works Co. Inc. 0.20% 118,361 $16.5M Reduce -5.8%
CTSH Cognizant Tech Solutions-A 0.20% 243,298 $16.3M Reduce -0.5%
ZWS Zurn Elkay Water Solutions C 0.20% 342,136 $16.1M Add +1.1%
NOMD Nomad Foods Ltd. 0.19% 1,181,555 $15.5M Add +115.7%
RSG Republic Services Inc. 0.19% 66,567 $15.3M Add +1.1%
DAR Darling Ingredients Inc. 0.19% 493,766 $15.2M Reduce -0.8%
ECL Ecolab Inc. 0.19% 55,357 $15.2M Reduce -12.4%
WM Waste Management Inc. 0.19% 67,851 $15.0M Reduce -0.0%
CLH Clean Harbors Inc. 0.18% 61,589 $14.3M Add +1.1%
YMM Full Truck Alliance -SPN ADR 0.18% 1,101,906 $14.3M Reduce -10.3%
WCN Waste Connections Inc. 0.17% 79,628 $14.0M Add +1.1%
STE Steris PLC 0.17% 55,659 $13.8M Add +1.0%
SCI Service Corp. International 0.17% 165,155 $13.7M Add +1.1%
WTM White Mountains Insurance GP 0.17% 8,127 $13.6M Add +5.2%
WMS Advanced Drainage Systems Inc. 0.17% 97,546 $13.5M Reduce -3.6%
BBD Banco Bradesco-ADR 0.16% 3,900,023 $13.2M Add +67.5%
CCK Crown Holdings Inc. 0.16% 135,455 $13.1M Add +1.1%
PAAS Pan American Silver Corp. 0.16% 331,554 $12.8M Reduce -8.6%
VLTO Veralto Corp. 0.16% 119,907 $12.8M Add +1.1%
CNM Core & Main Inc. Class A 0.15% 226,826 $12.2M Reduce -2.6%
ARCO Arcos Dorados Holdings Inc. Class A 0.15% 1,735,414 $11.7M Reduce -0.5%
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 0.14% 67,048 $11.7M New
BUD Anheuser-Busch Inbev-SPN ADR 0.14% 195,368 $11.6M Add +0.7%
AOS Smith (a.o.) Corp. 0.14% 154,206 $11.3M Add +8.9%
AWR American States Water Co. filed as AMER STATES WTR CO 0.14% 154,382 $11.3M Add +1.1%
MDT Medtronic PLC 0.13% 110,520 $10.5M Add +50.1%
BPOP Popular Inc. 0.13% 81,408 $10.3M Reduce -5.0%
TTEK Tetra Tech Inc. 0.12% 301,191 $10.1M Add +1.1%
GLNG Golar LNG Ltd. 0.12% 248,320 $10.0M Reduce -3.9%
MWA Mueller Water Products Inc. Class A 0.12% 389,924 $10.0M Add +1.1%
EMBJ Embraer SA-Spon ADR 0.12% 160,388 $9.7M Reduce -10.6%
META Meta Platforms Inc. Class A 0.12% 13,092 $9.6M Reduce -5.3%
CPRT Copart Inc. 0.12% 205,961 $9.3M Add +1.1%
LKQ LKQ Corp. 0.11% 293,038 $8.9M Add +1.0%
FOX Fox Corp. Class B 0.10% 139,420 $8.0M New
BMI Badger Meter Inc. 0.09% 41,735 $7.5M Reduce -20.4%
STNE Stoneco Ltd. Class A 0.09% 368,619 $7.0M Add +21.2%
ACGL Arch Capital Group Ltd. 0.08% 74,892 $6.8M Reduce -0.9%
JNJ Johnson & Johnson 0.08% 34,430 $6.4M Reduce -10.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.07% 113,651 $5.9M Reduce -86.2%
AU Anglogold Ashanti PLC 0.07% 82,200 $5.8M New
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.07% 167,721 $5.8M Add +22.4%
GOOG Alphabet Inc. Class C 0.07% 23,056 $5.6M Add +34.4%
HLF Herbalife Ltd. 0.07% 659,705 $5.6M Reduce -9.4%
WMT Walmart Inc. 0.06% 49,882 $5.1M Add +401.0%
PLTR Palantir Technologies Inc. Class A 0.06% 26,378 $4.8M Add +42.2%
BRSL Brightstar Lottery PLC 0.06% 265,400 $4.6M Add +33.9%
BKNG Booking Holdings Inc. 0.05% 792 $4.3M Add +7.3%
FMX Fomento Economico Mex-SP ADR 0.05% 42,487 $4.2M Reduce -95.4%
WELL Welltower Inc. 0.05% 23,086 $4.1M Reduce -4.0%
UNH Unitedhealth Group Inc. 0.05% 10,722 $3.7M Reduce -8.6%
INTC Intel Corp. 0.05% 110,134 $3.7M Add +23.1%
NVO Novo-Nordisk A/S-Spons ADR 0.04% 64,816 $3.6M New
VEEV Veeva Systems Inc. Class A 0.04% 11,593 $3.5M Reduce -34.8%
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 0.04% 79,387 $3.4M New
TSLA Tesla Inc. 0.04% 7,387 $3.3M Add +57.0%
XOM Exxon Mobil Corp. 0.04% 28,407 $3.2M Reduce -23.7%
MU Micron Technology Inc. 0.04% 18,820 $3.1M New
WIT Wipro Ltd.-ADR 0.04% 1,196,600 $3.1M Add +4.4%
ABBV Abbvie Inc. 0.04% 13,213 $3.1M Add +17.8%
SNOW Snowflake Inc. 0.04% 13,345 $3.0M Reduce -9.8%
ADBE Adobe Inc. 0.04% 8,453 $3.0M Add +48.0%
O Realty Income Corp. 0.04% 48,837 $3.0M Reduce -12.0%
JPM JPMorgan Chase & Co. 0.04% 9,339 $2.9M Add +16.1%
PFE Pfizer Inc. 0.04% 111,392 $2.8M Reduce -18.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.04% 9,999 $2.8M Reduce -7.0%
CSCO Cisco Systems Inc. 0.03% 40,059 $2.7M Add +9.5%
ANET Arista Networks Inc. 0.03% 18,691 $2.7M Reduce -35.0%
RBLX Roblox Corp. Class A 0.03% 19,043 $2.6M Add +0.6%
BRK.B Berkshire Hathaway Inc. Class B 0.03% 5,116 $2.6M Add +53.0%
LRCX Lam Research Corp. 0.03% 18,941 $2.5M Add +92.5%
FOXA Fox Corp. Class A 0.03% 39,723 $2.5M New
GEV GE Vernova Inc. 0.03% 4,054 $2.5M Reduce -21.9%
MA Mastercard Inc. Class A 0.03% 4,382 $2.5M Add +6.5%
MO Altria Group Inc. 0.03% 37,115 $2.5M Add +192.4%
PANW Palo Alto Networks Inc. 0.03% 11,558 $2.4M Reduce -5.5%
EQIX Equinix Inc. 0.03% 2,987 $2.3M Reduce -5.2%
DLR Digital Realty Trust Inc. 0.03% 13,390 $2.3M Add +5.8%
EXPE Expedia Group Inc. 0.03% 10,783 $2.3M Reduce -14.7%
CB Chubb Ltd. 0.03% 7,537 $2.1M Add +7.5%
VRRM Verra Mobility Corp. 0.03% 84,543 $2.1M Reduce -52.6%
LLY Eli Lilly & Co. 0.03% 2,736 $2.1M Add +82.4%
NOW ServiceNow Inc. 0.03% 2,263 $2.1M Reduce -18.5%
ACN Accenture PLC Class A 0.03% 8,403 $2.1M Add +5.8%
FSLR First Solar Inc. 0.03% 9,117 $2.0M Reduce -14.6%
PEP Pepsico Inc. 0.02% 13,982 $2.0M Reduce -29.9%
INTU Intuit Inc. 0.02% 2,874 $2.0M Add +86.7%
ENIC Enel Chile SA-ADR 0.02% 496,572 $1.9M Add +52.7%
BFAM Bright Horizons Family Solut 0.02% 17,626 $1.9M Reduce -52.1%
AVB Avalonbay Communities Inc. 0.02% 9,809 $1.9M Reduce -7.9%
MOH Molina Healthcare Inc. 0.02% 9,557 $1.8M Add +247.0%
T AT&T Inc. 0.02% 64,546 $1.8M Add +26.6%
MPWR Monolithic Power Systems Inc. 0.02% 1,967 $1.8M Reduce -64.6%
A Agilent Technologies Inc. 0.02% 13,739 $1.8M Reduce -54.8%
CNC Centene Corp. 0.02% 49,133 $1.8M Add +47.7%
GM General Motors Co. 0.02% 28,464 $1.7M No change
BAP Credicorp Ltd. 0.02% 6,384 $1.7M Reduce -1.4%
HD Home Depot Inc. 0.02% 4,155 $1.7M Reduce -22.7%
UL Unilever PLC 0.02% 28,306 $1.7M Reduce -10.8%
BAH Booz Allen Hamilton Holdings 0.02% 16,788 $1.7M Reduce -19.3%
ITRI Itron Inc. 0.02% 13,468 $1.7M Reduce -61.4%
SPG Simon Property Group Inc. 0.02% 8,935 $1.7M Reduce -1.7%
VZ Verizon Communications Inc. 0.02% 38,117 $1.7M Reduce -22.1%
PTC PTC Inc. 0.02% 8,033 $1.6M Reduce -51.6%
STX Seagate Technology Holdings 0.02% 6,887 $1.6M New
PODD Insulet Corp. 0.02% 5,246 $1.6M Reduce -52.9%
VRSK Verisk Analytics Inc. 0.02% 6,297 $1.6M Reduce -58.5%
VALE Vale SA-SP ADR 0.02% 144,960 $1.6M No change
MASI Masimo Corp. 0.02% 10,648 $1.6M Reduce -49.7%
PNC PNC Financial Services Group 0.02% 7,675 $1.5M Reduce -18.6%
COST Costco Wholesale Corp. 0.02% 1,655 $1.5M Add +111.1%
LMT Lockheed Martin Corp. 0.02% 3,064 $1.5M Add +12.8%
PG The Procter & Gamble Co. 0.02% 9,891 $1.5M Reduce -26.5%
SCHW Schwab (charles) Corp. 0.02% 15,481 $1.5M Add +37.3%
COP Conocophillips 0.02% 15,615 $1.5M Reduce -18.0%
GILD Gilead Sciences Inc. 0.02% 13,076 $1.5M Add +7.5%
HASI Ha Sustainable Infrastructur 0.02% 45,337 $1.4M Reduce -57.1%
ZM Zoom Communications Inc. 0.02% 16,643 $1.4M No change
BNL Broadstone Net Lease Inc. 0.02% 76,699 $1.4M Reduce -3.8%
BMY Bristol-Myers Squibb Co. 0.02% 30,179 $1.4M Add +69.2%
V Visa Inc. Class A 0.02% 3,937 $1.3M Add +78.3%
ETN Eaton Corp. PLC 0.02% 3,387 $1.3M Reduce -15.4%
VIST Vista Energy Sab DE CV 0.02% 36,722 $1.3M New
CHTR Charter Communications Inc. Class A 0.02% 4,503 $1.2M New
TSN Tyson Foods Inc. Class A 0.02% 22,738 $1.2M Reduce -0.4%
KO The Coca-Cola Co. 0.02% 18,417 $1.2M Reduce -29.3%
MSA Msa Safety Inc. 0.01% 7,037 $1.2M Reduce -53.6%
SGML Sigma Lithium Corp. 0.01% 184,900 $1.2M New
STRL Sterling Infrastructure Inc. 0.01% 3,360 $1.1M No change
SHEL Shell PLC-ADR 0.01% 15,839 $1.1M No change
INCY Incyte Corp. 0.01% 13,358 $1.1M Reduce -39.6%
AMAT Applied Materials Inc. 0.01% 5,530 $1.1M Reduce -21.0%
AMD Advanced Micro Devices 0.01% 6,924 $1.1M Add +294.3%
PCG P G & E Corp. 0.01% 74,085 $1.1M Add +4.5%
BRX Brixmor Property Group Inc. 0.01% 39,770 $1.1M Reduce -0.6%
LXP LXP Industrial Trust 0.01% 121,900 $1.1M Add +13.4%
MCK McKesson Corp. 0.01% 1,412 $1.1M Reduce -2.2%
C Citigroup Inc. 0.01% 10,742 $1.1M Reduce -43.6%
KLAC KLA Corp. 0.01% 1,009 $1.1M Add +130.9%
AZN Astrazeneca PLC-Spons ADR 0.01% 14,119 $1.1M Reduce -21.3%
TTE Totalenergies SE -Spon ADR 0.01% 17,901 $1.1M No change
DVN Devon Energy Corp. 0.01% 30,451 $1.1M New
HIW Highwoods Properties Inc. 0.01% 33,140 $1.1M Add +18.9%
EXE Expand Energy Corp. 0.01% 9,784 $1.0M New
AFYA Afya Ltd. Class A 0.01% 66,288 $1.0M Reduce -56.1%
CDNS Cadence Design SYS Inc. 0.01% 2,941 $1.0M Add +10.9%
DKNG Draftkings Inc. Class A 0.01% 27,182 $1.0M Add +71.2%
AZO AutoZone Inc. 0.01% 236 $1.0M No change
LRN Stride Inc. 0.01% 6,740 $1.0M Reduce -70.2%
SNPS Synopsys Inc. 0.01% 2,015 $994K New
PAGS Pagseguro Digital Ltd. Class A 0.01% 99,331 $993K Reduce -20.8%
VRSN Verisign Inc. 0.01% 3,524 $985K Add +7.3%
COF Capital One Financial Corp. 0.01% 4,613 $981K Add +229.0%
WDAY Workday Inc. Class A 0.01% 4,027 $969K No change
AN Autonation Inc. 0.01% 4,399 $962K No change
DG Dollar General Corp. 0.01% 9,197 $951K New
GD General Dynamics Corp. 0.01% 2,735 $933K Add +20.9%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.01% 9,130 $931K Reduce -7.0%
TEAM Atlassian Corp. Class A 0.01% 5,811 $928K Reduce -52.6%
ABT Abbott Laboratories 0.01% 6,853 $918K Reduce -7.4%
FSS Federal Signal Corp. 0.01% 7,596 $904K Reduce -14.3%
RTX RTX Corp. 0.01% 5,310 $889K Add +123.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.01% 6,074 $878K Reduce -11.5%
CTRE Caretrust REIT Inc. 0.01% 24,607 $853K Add +31.5%
ORLY O'reilly Automotive Inc. 0.01% 7,859 $847K No change
MAC The Macerich Co. 0.01% 46,223 $841K Add +0.5%
CMI Cummins Inc. 0.01% 1,979 $836K No change
BLBD Blue Bird Corp. 0.01% 14,514 $835K No change
TXN Texas Instruments Inc. 0.01% 4,540 $834K New
ROAD Construction Partners Inc. Class A 0.01% 6,526 $829K No change
DDOG Datadog Inc. Class A 0.01% 5,795 $825K Add +8.3%
AMGN Amgen Inc. 0.01% 2,907 $820K New
AMH American Homes 4 Rent- A 0.01% 24,112 $802K Add +16.9%
APH Amphenol Corp. Class A 0.01% 6,478 $802K Add +55.4%
PCAR Paccar Inc. 0.01% 8,143 $801K Reduce -17.0%
DELL Dell Technologies -C 0.01% 5,604 $794K New
CAT Caterpillar Inc. 0.01% 1,657 $791K Add +27.5%
AUTL Autolus Therapeutics PLC 0.01% 481,081 $784K Reduce -42.0%
WFC Wells Fargo & Co. 0.01% 9,325 $782K Add +8.3%
UPS United Parcel Service Class B 0.01% 9,277 $775K Reduce -46.6%
FDX FedEx Corp. 0.01% 3,271 $771K Add +12.1%
GPI Group 1 Automotive Inc. 0.01% 1,755 $768K No change
CRWD CrowdStrike Holdings Inc. Class A 0.01% 1,554 $762K Add +205.9%
ALL Allstate Corp. 0.01% 3,548 $762K Add +0.1%
VTR Ventas Inc. 0.01% 10,770 $754K Reduce -11.1%
HUBS HubSpot Inc. 0.01% 1,592 $745K Add +18.4%
CI The Cigna Group 0.01% 2,578 $743K Reduce -15.9%
WDC Western Digital Corp. 0.01% 6,132 $736K New
NXT Nextpower Inc. filed as NEXTRACKER INC 0.01% 9,837 $728K Add +95.9%
ALV Autoliv Inc. 0.01% 5,779 $714K No change
CTRA Coterra Energy Inc. 0.01% 29,707 $703K New
TMUS T-Mobile US Inc. 0.01% 2,802 $671K Add +45.8%
NWSA News Corp. Class A 0.01% 21,724 $667K Reduce -0.5%
CHRW C.H. Robinson Worldwide Inc. 0.01% 5,033 $666K No change
KRG Kite Realty Group Trust 0.01% 29,710 $663K Reduce -0.5%
XPO Xpo Inc. 0.01% 5,088 $658K No change
JRVR James River Group Holdings I 0.01% 117,045 $650K Reduce -7.9%
VNO Vornado Realty Trust 0.01% 15,700 $636K Add +11.3%
GWRE Guidewire Software Inc. 0.01% 2,761 $635K Add +0.7%
MCD McDonald's Corp. 0.01% 2,043 $621K New
EIX Edison International 0.01% 11,194 $619K Reduce -14.3%
GS Goldman Sachs Group Inc. 0.01% 775 $617K Add +10.7%
KRC Kilroy Realty Corp. 0.01% 14,551 $615K Add +12.1%
TYL Tyler Technologies Inc. 0.01% 1,168 $611K Add +3.3%
ADI Analog Devices Inc. 0.01% 2,459 $604K Reduce -31.4%
EXPD Expeditors Intl Wash Inc. 0.01% 4,928 $604K No change
TT Trane Technologies PLC 0.01% 1,431 $604K Reduce -20.9%
TER Teradyne Inc. 0.01% 4,348 $598K New
OKTA Okta Inc. 0.01% 6,500 $596K Reduce -11.6%
CUBE Cubesmart 0.01% 14,648 $596K Reduce -0.6%
IRT Independence Realty Trust Inc. 0.01% 36,115 $592K Reduce -0.6%
CMCSA Comcast Corp. Class A 0.01% 18,526 $582K Reduce -37.2%
PECO Phillips Edison & Company Inc. 0.01% 16,630 $571K Add +15.8%
ASML ASML Holding NV-NY Reg SHS 0.01% 586 $567K Reduce -26.2%
SNDK Sandisk Corp. 0.01% 4,977 $558K New
SYK Stryker Corp. 0.01% 1,495 $553K Add +21.3%
SPGI S&P Global Inc. 0.01% 1,130 $550K Add +33.4%
SBUX Starbucks Corp. 0.01% 6,499 $550K Add +18.9%
NGD New Gold Inc. 0.01% 74,250 $533K Reduce -23.7%
CVS CVS Health Corp. 0.01% 7,038 $531K Reduce -47.1%
MKC McCormick & Co.-Non VTG SHRS 0.01% 7,886 $528K Reduce -26.6%
JBHT Hunt (jb) Transprt SVCS Inc. 0.01% 3,921 $526K Reduce -1.1%
RHP Ryman Hospitality Properties 0.01% 5,871 $526K Add +19.6%
PEGA Pegasystems Inc. 0.01% 9,078 $522K New
ODFL Old Dominion Freight Line 0.01% 3,686 $519K No change
NEE Nextera Energy Inc. 0.01% 6,855 $517K Reduce -37.1%
ENS Enersys 0.01% 4,581 $517K Add +1.9%
GLW Corning Inc. 0.01% 6,131 $503K New
MDLZ Mondelez International Inc. Class A 0.01% 7,940 $496K Reduce -37.8%
AON Aon PLC Class A 0.01% 1,375 $490K Add +1.4%
OKE Oneok Inc. 0.01% 6,711 $490K Add +10.0%
BLK BlackRock Inc. 0.01% 409 $477K Add +22.5%
CURB Curbline Properties Corp. 0.01% 20,974 $468K Add +19.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.01% 4,015 $460K Add +21.7%
FISV Fiserv Inc. 0.01% 3,517 $453K New
ULS Ul Solutions Inc. Class A 0.01% 6,271 $444K New
AXP American Express Co. 0.01% 1,284 $426K Add +34.3%
EPAM Epam Systems Inc. 0.01% 2,825 $426K Reduce -23.6%
BC Brunswick Corp. 0.01% 6,677 $422K No change
KMI Kinder Morgan Inc. 0.01% 14,875 $421K New
DUK Duke Energy Corp. 0.01% 3,363 $416K Reduce -46.1%
SHW The Sherwin-Williams Co. 0.01% 1,170 $405K Reduce -11.0%
NXPI NXP Semiconductors NV 0.00% 1,750 $399K Add +71.6%
WMB Williams Cos Inc. 0.00% 6,202 $393K New
CTS CTS Corp. 0.00% 9,755 $390K No change
PGR Progressive Corp. 0.00% 1,565 $386K Reduce -99.5%
REVG Rev Group Inc. 0.00% 6,782 $384K No change
ISRG Intuitive Surgical Inc. 0.00% 857 $383K Reduce -99.2%
CL Colgate-Palmolive Co. 0.00% 4,778 $382K Reduce -19.7%
ABEV Ambev SA-ADR 0.00% 168,569 $376K Reduce -87.2%
BSX Boston Scientific Corp. 0.00% 3,808 $372K Add +80.0%
DOW Dow Inc. 0.00% 16,045 $368K New
HON Honeywell International Inc. 0.00% 1,707 $359K Reduce -21.7%
PSX Phillips 66 0.00% 2,624 $357K Reduce -21.2%
DD Dupont DE Nemours Inc. 0.00% 4,500 $351K Add +18.9%
ELV Elevance Health Inc. 0.00% 1,065 $344K Reduce -27.1%
LOW Lowe's Cos Inc. 0.00% 1,322 $332K New
VLO Valero Energy Corp. 0.00% 1,940 $330K Reduce -31.0%
TGT Target Corp. 0.00% 3,536 $317K Reduce -42.7%
SW Smurfit Westrock PLC 0.00% 7,049 $300K Reduce -28.5%
TTAN Servicetitan Inc. Class A 0.00% 2,961 $299K Reduce -2.0%
URI United Rentals Inc. 0.00% 311 $297K Add +15.6%
LYB Lyondellbasell Indu Class A 0.00% 5,963 $292K New
AIV Apartment Invt & Mgmt Co. Class A 0.00% 36,730 $291K Reduce -0.5%
BDX Becton Dickinson and Co. 0.00% 1,540 $288K New
EWBC East West Bancorp Inc. 0.00% 2,639 $281K Reduce -28.1%
F Ford Motor Co. filed as FORD MTR CO 0.00% 23,057 $276K Reduce -56.3%
FANG Diamondback Energy Inc. 0.00% 1,890 $270K Add +8.3%
EOG EOG Resources Inc. 0.00% 2,366 $265K Reduce -36.0%
BMRN Biomarin Pharmaceutical Inc. 0.00% 4,874 $264K Reduce -65.1%
ADSK Autodesk Inc. 0.00% 822 $261K New
ABNB Airbnb Inc. Class A 0.00% 2,137 $259K Reduce -11.6%
BX Blackstone Inc. 0.00% 1,492 $255K Reduce -34.7%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.00% 7,684 $251K Reduce -61.0%
CMG Chipotle Mexican Grill Inc. 0.00% 6,390 $250K Reduce -25.1%
KVUE Kenvue Inc. 0.00% 15,267 $248K Reduce -38.3%
FIS Fidelity National Info Serv 0.00% 3,756 $248K Reduce -99.2%
AMCR Amcor PLC 0.00% 30,197 $247K Reduce -18.3%
MPC Marathon Petroleum Corp. 0.00% 1,270 $245K Reduce -25.3%
ORA Ormat Technologies Inc. 0.00% 2,463 $237K Reduce -43.8%
BN Brookfield Corp. 0.00% 3,375 $231K Reduce -83.2%
PINS Pinterest Inc. Class A 0.00% 7,181 $231K Reduce -70.9%
WAB Wabtec Corp. 0.00% 1,130 $227K Reduce -59.0%
HPQ HP Inc. 0.00% 8,293 $226K Reduce -19.4%
CTVA Corteva Inc. 0.00% 3,320 $225K Reduce -25.6%
ADP Automatic Data Processing 0.00% 765 $225K Reduce -46.6%
OMC Omnicom Group 0.00% 2,697 $220K Reduce -6.5%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.00% 2,010 $219K Reduce -18.7%
DE Deere & Co. 0.00% 478 $219K New
HWM Howmet Aerospace Inc. 0.00% 1,102 $216K Reduce -16.8%
BA The Boeing Co. 0.00% 991 $214K New
LULU Lululemon Athletica Inc. 0.00% 1,200 $214K Reduce -25.6%
USFD US Foods Holding Corp. 0.00% 2,713 $208K Reduce -5.6%
LFUS Littelfuse Inc. 0.00% 778 $202K New
WAT Waters Corp. 0.00% 669 $201K New
HR Healthcare Realty Trust Inc. 0.00% 10,040 $181K Reduce -58.5%
TELFY Telefonica SA-Spon ADR 0.00% 10,393 $53K No change

Portfolio Sells Q2 2025 → Q3 2025

CMS CMS Energy Corp. Sold out 0.00% −1.66
ORCL Oracle Corp. Reduce -56.5% 1.64% −1.13
PGR Progressive Corp. Reduce -99.5% 0.00% −1.06
FMX Fomento Economico Mex-SP ADR Reduce -95.4% 0.05% −1.06
FLUT Flutter Entertainment PLC-Di Reduce -17.0% 2.93% −0.83
TW Tradeweb Markets Inc. Class A Sold out 0.00% −0.68
CNH CNH Industrial NV Reduce -52.6% 0.47% −0.65
ISRG Intuitive Surgical Inc. Reduce -99.2% 0.00% −0.65
TOST Toast Inc. Class A Sold out 0.00% −0.63
MELI MercadoLibre Inc. Reduce -15.3% 2.53% −0.63
SBAC SBA Communications Corp. Sold out 0.00% −0.51
EMR Emerson Electric Co. Reduce -24.3% 1.71% −0.46
SPOT Spotify Technology SA Reduce -17.1% 1.76% −0.44
FIS Fidelity National Info Serv Reduce -99.2% 0.00% −0.44
BAC Bank of America Corp. Reduce -86.2% 0.07% −0.38
ICE Intercontinental Exchange Inc. Reduce -9.3% 2.67% −0.36
COIN Coinbase Global Inc. Class A Reduce -48.7% 0.38% −0.35
FCX Freeport-McMoran Inc. Reduce -16.7% 1.36% −0.35
SE Sea Ltd.-ADR Reduce -24.5% 2.62% −0.32
HES Hess Corp. Sold out 0.00% −0.30
QTWO Q2 Holdings Inc. Reduce -28.9% 0.40% −0.29
NFLX Netflix Inc. Reduce -34.8% 0.47% −0.29
UBER Uber Technologies Inc. Reduce -40.6% 0.49% −0.25
PHG Koninklijke Philips NVR- NY Sold out 0.00% −0.25
ADMA Adma Biologics Inc. Reduce -26.8% 0.39% −0.23
SNEX Stonex Group Inc. Reduce -43.0% 0.46% −0.23
CRM Salesforce Inc. Reduce -26.0% 0.47% −0.22
NTNX Nutanix Inc. Class A Reduce -32.5% 0.47% −0.21
CBOE Cboe Global Markets Inc. Reduce -36.3% 0.48% −0.20
RBRK Rubrik Inc. Class A Reduce -29.0% 0.43% −0.19
MRK Merck & Co. Inc. Reduce -32.7% 0.58% −0.19
ARGX Argenx SE - ADR Reduce -49.1% 0.45% −0.18
CME Cme Group Inc. Reduce -27.7% 0.50% −0.17
JBL Jabil Inc. Reduce -29.4% 0.48% −0.16
RDDT Reddit Inc. Class A Reduce -53.3% 0.45% −0.15
WPM Wheaton Precious Metals Corp. Reduce -39.7% 0.49% −0.13
ZS Zscaler Inc. Reduce -19.8% 0.52% −0.12
NEM Newmont Corp. Reduce -49.2% 0.42% −0.12
JAZZ Jazz Pharmaceuticals PLC Reduce -32.1% 0.99% −0.12
VRT Vertiv Holdings Co. Class A Reduce -42.6% 0.28% −0.11
GE General Electric Reduce -31.5% 0.51% −0.09
APTV Aptiv PLC Reduce -36.7% 0.50% −0.09
KDP Keurig Dr Pepper Inc. Reduce -1.3% 0.28% −0.07
BMI Badger Meter Inc. Reduce -20.4% 0.09% −0.06
LIN Linde PLC Reduce -11.6% 0.99% −0.06
NICE Nice Ltd. - Spon ADR Reduce -0.8% 0.46% −0.05
SLM SLM Corp. Reduce -1.0% 0.31% −0.04
VRSK Verisk Analytics Inc. Reduce -58.5% 0.02% −0.04
ITRI Itron Inc. Reduce -61.4% 0.02% −0.03
ABEV Ambev SA-ADR Reduce -87.2% 0.00% −0.03

Portfolio Buys Q2 2025 → Q3 2025

SRE Sempra Add +59.0% 3.61% +1.80
TIGO Millicom Intl Cellular S.A. Add +5283.2% 1.65% +1.62
UNP Union Pacific Corp. Add +6285.2% 1.50% +1.48
CDW CDW Corp. Add +42.2% 3.15% +0.80
FERG Ferguson Enterprises Inc. Add +52.5% 1.64% +0.66
TMO Thermo Fisher Scientific Inc. Add +4.8% 2.52% +0.62
ATO Atmos Energy Corp. Add +5.1% 3.14% +0.59
PM Philip Morris International Add +31.4% 2.85% +0.55
MSFT Microsoft Corp. Add +8.4% 3.24% +0.52
CVX Chevron Corp. Add +1543.0% 0.55% +0.52
B Barrick Mining Corp. Add +0.7% 1.25% +0.50
ARQT Arcutis Biotherapeutics Inc. Add +7534.3% 0.47% +0.47
AMT American Tower Corp. Add +1833.4% 0.45% +0.43
MS Morgan Stanley Add +3945.6% 0.43% +0.42
WAL Western Alliance Bancorp New 0.39% +0.39
CSX CSX Corp. Add +10.9% 1.77% +0.38
SBS Cia Saneamento Basico DE-ADR Add +116.7% 0.53% +0.33
CX Cemex Sab-Spons ADR Part Cer Add +0.7% 1.03% +0.28
PRGO Perrigo Co. PLC Add +64.2% 0.87% +0.27
NWS News Corp. Class B New 0.24% +0.24
AVGO Broadcom Inc. Add +0.3% 1.07% +0.23
GEO The Geo Group Inc. New 0.21% +0.21
FUTU Futu Holdings Ltd.-ADR New 0.14% +0.14
AMZN Amazon.com Inc. Add +8.9% 0.87% +0.11
PNW Pinnacle West Capital Add +17.5% 0.55% +0.11
FTV Fortive Corp. Add +40.7% 0.37% +0.11
NVDA Nvidia Corp. Add +18.8% 0.32% +0.10
FOX Fox Corp. Class B New 0.10% +0.10
AAPL Apple Inc. Add +17.9% 0.26% +0.09
SHOP Shopify Inc. Class A Add +0.8% 0.32% +0.09
NOMD Nomad Foods Ltd. Add +115.7% 0.19% +0.08
BBD Banco Bradesco-ADR Add +67.5% 0.16% +0.08
AXTA Axalta Coating Systems Ltd. Add +29.6% 0.33% +0.08
AU Anglogold Ashanti PLC New 0.07% +0.07
MLI Mueller Industries Inc. Add +4.2% 0.21% +0.06
MDT Medtronic PLC Add +50.1% 0.13% +0.06
ZWS Zurn Elkay Water Solutions C Add +1.1% 0.20% +0.05
WMT Walmart Inc. Add +401.0% 0.06% +0.05
NVO Novo-Nordisk A/S-Spons ADR New 0.04% +0.04
SQM Quimica Y Minera Chil-SP ADR New 0.04% +0.04
MU Micron Technology Inc. New 0.04% +0.04
PBR Petroleo Brasileiro-Spon ADR Add +1.0% 0.52% +0.04
WTS Watts Water Technologies-A Add +1.1% 0.21% +0.04
GOOG Alphabet Inc. Class C Add +34.4% 0.07% +0.03
AOS Smith (a.o.) Corp. Add +8.9% 0.14% +0.03
FOXA Fox Corp. Class A New 0.03% +0.03
PLTR Palantir Technologies Inc. Class A Add +42.2% 0.06% +0.03
STNE Stoneco Ltd. Class A Add +21.2% 0.09% +0.03
TSLA Tesla Inc. Add +57.0% 0.04% +0.02
INTC Intel Corp. Add +23.1% 0.05% +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