Perpetual Ltd

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 20, 2026), Perpetual Ltd reported 411 stock positions worth $6.9 billion. Its top holding was Sempra (SRE) at 4.1% of the portfolio, followed by Microsoft (MSFT, 3.4%) and Atmos Energy (ATO, 3.4%). Compared with Q3 2025, it opened 75 new positions, sold out of 65, added to 179 and reduced 132. The biggest buy was Corteva (CTVA, shares +78689%) and the biggest sale an exit from Aercap (AER).

Most Recent 13F
Q2 2026
Location
SYDNEY, NEW SOUTH WALES, C3
CIK
0001647273
Portfolio Value
$6.9B (Q4 2025)
SEC Filing
0001104659-26-004946 ↗ filed Jan 20, 2026

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 Q3 2025 Q4 2025: $6.9B $6.9B Q4 2025 Q1 2026: $6.5B Q1 2026 Q2 2026: $7.0B Q2 2026

Holdings 411 stocks · $6.9B

SRE Sempra 4.10% 3,208,880 $283.3M Reduce -0.8%
MSFT Microsoft Corp. 3.44% 491,186 $237.5M Reduce -2.5%
ATO Atmos Energy Corp. 3.39% 1,398,334 $234.4M Reduce -5.7%
PM Philip Morris International 3.35% 1,445,252 $231.8M Add +2.2%
CRH CRH PLC 3.13% 1,733,992 $216.4M Add +4.5%
ICE Intercontinental Exchange Inc. 3.13% 1,335,571 $216.3M Add +4.5%
FLUT Flutter Entertainment PLC-Di 3.00% 963,249 $207.1M Add +3.6%
CTVA Corteva Inc. 2.54% 2,615,779 $175.3M Add +78688.5%
CSX CSX Corp. 2.53% 4,818,959 $174.7M Add +20.1%
UNP Union Pacific Corp. 2.40% 718,637 $166.2M Add +40.3%
TMO Thermo Fisher Scientific Inc. 2.28% 272,061 $157.6M Reduce -35.1%
CDW CDW Corp. 2.14% 1,087,505 $148.1M Reduce -31.7%
SE Sea Ltd.-ADR 2.02% 1,095,702 $139.8M Reduce -7.3%
FCX Freeport-McMoran Inc. 1.87% 2,551,350 $129.6M Reduce -8.5%
NVDA Nvidia Corp. 1.74% 645,261 $120.3M Add +370.8%
GXO Gxo Logistics Inc. 1.65% 2,168,467 $114.1M Reduce -20.0%
TIGO Millicom Intl Cellular S.A. 1.64% 2,049,074 $113.6M Reduce -25.0%
EMR Emerson Electric Co. 1.57% 818,259 $108.6M Reduce -21.9%
TSM Taiwan Semiconductor-SP ADR 1.50% 342,284 $104.0M Add +45.9%
SPOT Spotify Technology SA 1.50% 178,857 $103.9M Reduce -11.8%
B Barrick Mining Corp. 1.50% 2,377,746 $103.6M Reduce -22.5%
CX Cemex Sab-Spons ADR Part Cer 1.47% 8,866,448 $101.9M Reduce -3.6%
FERG Ferguson Enterprises Inc. 1.46% 451,956 $100.6M Reduce -23.4%
GOOGL Alphabet Inc. Class A 1.41% 310,458 $97.2M Reduce -15.1%
ITUB Itau Unibanco H-Spon PRF ADR 1.40% 13,477,395 $96.5M Add +3.9%
HDB HDFC Bank Ltd.-ADR 1.18% 2,229,755 $81.5M Add +0.1%
AMZN Amazon.com Inc. 0.96% 286,284 $66.1M Reduce -9.9%
AVGO Broadcom Inc. 0.95% 188,928 $65.4M Reduce -27.5%
MELI MercadoLibre Inc. 0.93% 31,808 $64.1M Reduce -63.5%
AIG American International Group 0.89% 715,870 $61.2M Add +60.4%
MRK Merck & Co. Inc. 0.86% 563,716 $59.3M Add +1.7%
PR Permian Resources Corp. Class A 0.70% 3,443,381 $48.3M Add +17.2%
ETR Entergy Corp. 0.70% 519,976 $48.1M Add +2.8%
WAL Western Alliance Bancorp 0.68% 557,894 $46.9M Add +55.7%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.67% 2,787,570 $46.7M Add +110.7%
CVX Chevron Corp. 0.64% 291,440 $44.4M Add +2.5%
PNW Pinnacle West Capital 0.64% 499,007 $44.3M Add +1.2%
MLI Mueller Industries Inc. 0.61% 370,357 $42.5M Add +116.3%
MCHP Microchip Technology Inc. 0.61% 659,828 $42.0M Add +2.9%
NEM Newmont Corp. 0.60% 412,871 $41.2M Add +3.6%
QCOM Qualcomm Inc. 0.57% 231,500 $39.6M Add +3.3%
PBR Petroleo Brasileiro-Spon ADR 0.57% 3,313,257 $39.3M Add +0.6%
EG Everest Group Ltd. 0.56% 113,986 $38.7M Add +4.1%
AXTA Axalta Coating Systems Ltd. 0.55% 1,186,312 $38.3M Add +29.3%
GEHC GE Healthcare Technology 0.54% 459,112 $37.7M New
LLY Eli Lilly & Co. 0.53% 34,170 $36.7M Add +1148.9%
LPLA LPL Financial Holdings Inc. 0.52% 101,433 $36.2M New
CCL Carnival Corp. 0.52% 1,171,529 $35.8M Reduce -29.9%
PSA Public Storage 0.51% 136,273 $35.4M Add +2.9%
ENTG Entegris Inc. 0.51% 418,090 $35.2M Add +2.7%
FTV Fortive Corp. 0.50% 630,963 $34.8M Add +2.8%
DD Dupont DE Nemours Inc. 0.50% 864,405 $34.7M Add +19109.0%
AMT American Tower Corp. 0.50% 197,131 $34.6M Add +4.0%
HPE Hewlett Packard Enterprise 0.49% 1,422,248 $34.2M New
IBN Icici Bank Ltd.-Spon ADR 0.49% 1,146,232 $34.2M Reduce -2.4%
SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI 0.46% 1,322,796 $31.5M Reduce -23.1%
HAL Halliburton Co. 0.45% 1,094,104 $30.9M Add +2.8%
GE General Electric filed as GE AEROSPACE 0.43% 97,032 $29.9M Reduce -29.6%
MS Morgan Stanley 0.43% 167,498 $29.7M Reduce -22.3%
APD Air Products & Chemicals Inc. 0.43% 119,937 $29.6M Add +2.5%
AAPL Apple Inc. 0.42% 106,994 $29.1M Add +30.4%
GS Goldman Sachs Group Inc. 0.41% 32,049 $28.2M Add +4035.3%
TECK Teck Resources Ltd.-CLS B 0.39% 560,406 $26.8M New
PLD Prologis Inc. 0.39% 209,381 $26.7M Reduce -40.2%
ARQT Arcutis Biotherapeutics Inc. 0.38% 910,630 $26.4M Reduce -55.0%
JAZZ Jazz Pharmaceuticals PLC 0.38% 154,650 $26.3M Reduce -74.3%
MAA Mid-America Apartment Comm 0.38% 187,771 $26.1M Add +2.2%
TKO Tko Group Holdings Inc. 0.38% 124,624 $26.0M New
ARGX Argenx SE - ADR 0.38% 30,950 $26.0M Reduce -37.3%
PCG P G & E Corp. 0.38% 1,615,124 $26.0M Add +2080.1%
CBOE Cboe Global Markets Inc. 0.38% 103,299 $25.9M Reduce -34.9%
WPM Wheaton Precious Metals Corp. 0.37% 220,288 $25.9M Reduce -37.1%
SNEX Stonex Group Inc. 0.37% 270,886 $25.8M Reduce -26.3%
KDP Keurig Dr Pepper Inc. 0.37% 918,260 $25.7M Add +3.9%
GMAB Genmab A/S -SP ADR 0.37% 827,217 $25.5M New
NFLX Netflix Inc. 0.37% 271,496 $25.5M Reduce -13.1%
NXT Nextpower Inc. 0.37% 291,693 $25.4M Add +2865.3%
SLM SLM Corp. 0.36% 919,429 $24.9M Add +1.4%
INSM Insmed Inc. 0.36% 141,517 $24.6M New
RBRK Rubrik Inc. Class A 0.35% 320,680 $24.5M Reduce -23.1%
UBER Uber Technologies Inc. 0.35% 299,225 $24.4M Reduce -26.2%
JCI Johnson Controls Internation 0.34% 198,190 $23.7M Reduce -21.7%
NTNX Nutanix Inc. Class A 0.33% 441,743 $22.8M Reduce -12.6%
UNH Unitedhealth Group Inc. 0.33% 68,608 $22.6M Add +539.9%
LFUS Littelfuse Inc. 0.33% 89,408 $22.6M Add +11392.0%
ZS Zscaler Inc. 0.32% 98,142 $22.1M Reduce -30.4%
MDU Mdu Resources Group Inc. 0.32% 1,128,612 $22.0M New
AVTR Avantor Inc. 0.30% 1,832,066 $21.0M Add +1.6%
WMG Warner Music Group Corp. Class A 0.29% 657,542 $20.2M Add +0.3%
HUM Humana Inc. 0.29% 77,843 $19.9M New
INFY Infosys Ltd.-SP ADR 0.28% 1,096,289 $19.5M Reduce -14.7%
CCK Crown Holdings Inc. 0.25% 166,753 $17.2M Add +23.1%
JD Jd.com Inc.-ADR 0.24% 577,410 $16.6M Add +1.6%
WTS Watts Water Technologies-A 0.24% 59,889 $16.5M Add +0.4%
AWK American Water Works Co. Inc. 0.24% 125,011 $16.3M Add +5.6%
TME Tencent Music Entertainm-ADR 0.23% 911,100 $16.0M Reduce -24.3%
WM Waste Management Inc. 0.23% 71,422 $15.7M Add +5.3%
ZWS Zurn Elkay Water Solutions C 0.22% 332,501 $15.5M Reduce -2.8%
PNR Pentair PLC 0.22% 146,629 $15.3M Reduce -2.0%
XYL Xylem Inc. 0.22% 109,807 $15.0M Reduce -11.6%
RSG Republic Services Inc. 0.21% 69,700 $14.8M Add +4.7%
WCN Waste Connections Inc. 0.21% 83,561 $14.7M Add +4.9%
SCI Service Corp. International 0.20% 180,278 $14.1M Add +9.2%
CLH Clean Harbors Inc. 0.20% 59,854 $14.0M Reduce -2.8%
WMS Advanced Drainage Systems Inc. 0.20% 96,795 $14.0M Reduce -0.8%
STE Steris PLC 0.20% 53,989 $13.7M Reduce -3.0%
GEO The Geo Group Inc. 0.20% 841,405 $13.6M Reduce -0.2%
VLTO Veralto Corp. 0.19% 132,532 $13.2M Add +10.5%
ECL Ecolab Inc. 0.18% 48,244 $12.7M Reduce -12.8%
BBD Banco Bradesco-ADR 0.17% 3,617,532 $12.0M Reduce -7.2%
CNM Core & Main Inc. Class A 0.17% 220,513 $11.5M Reduce -2.8%
META Meta Platforms Inc. Class A 0.17% 17,318 $11.4M Add +32.3%
AWR American States Water Co. filed as AMER STATES WTR CO 0.16% 150,034 $10.9M Reduce -2.8%
TTEK Tetra Tech Inc. 0.16% 323,654 $10.9M Add +7.5%
ARCO Arcos Dorados Holdings Inc. Class A 0.15% 1,447,814 $10.6M Reduce -16.6%
MWA Mueller Water Products Inc. Class A 0.15% 429,580 $10.2M Add +10.2%
AOS Smith (a.o.) Corp. 0.14% 149,861 $10.0M Reduce -2.8%
GOOG Alphabet Inc. Class C 0.14% 30,789 $9.7M Add +33.5%
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 0.14% 56,885 $9.3M Reduce -15.2%
YMM Full Truck Alliance -SPN ADR 0.13% 853,980 $9.2M Reduce -22.5%
FOX Fox Corp. Class B 0.13% 134,299 $8.7M Reduce -3.7%
LKQ LKQ Corp. 0.12% 285,140 $8.6M Reduce -2.7%
FMX Fomento Economico Mex-SP ADR 0.12% 85,067 $8.6M Add +100.2%
EMBJ Embraer SA-Spon ADR 0.12% 124,687 $8.0M Reduce -22.3%
CPRT Copart Inc. 0.11% 200,193 $7.8M Reduce -2.8%
PAAS Pan American Silver Corp. 0.11% 149,451 $7.7M Reduce -54.9%
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 0.10% 103,127 $7.1M Add +29.9%
AU Anglogold Ashanti PLC 0.10% 82,503 $7.0M Add +0.4%
XOM Exxon Mobil Corp. 0.09% 53,416 $6.4M Add +88.0%
WMT Walmart Inc. 0.09% 52,827 $5.9M Add +5.9%
BMI Badger Meter Inc. 0.08% 33,289 $5.8M Reduce -20.2%
NWS News Corp. Class B 0.08% 192,313 $5.7M Reduce -65.8%
TSLA Tesla Inc. 0.08% 12,406 $5.6M Add +67.9%
JNJ Johnson & Johnson 0.07% 24,412 $5.1M Reduce -29.1%
JPM JPMorgan Chase & Co. 0.07% 13,946 $4.5M Add +49.3%
ORCL Oracle Corp. 0.06% 22,310 $4.3M Reduce -95.2%
WELL Welltower Inc. 0.06% 22,251 $4.1M Reduce -3.6%
BKNG Booking Holdings Inc. 0.06% 738 $4.0M Reduce -6.8%
ABBV Abbvie Inc. 0.05% 16,622 $3.8M Add +25.8%
BMY Bristol-Myers Squibb Co. 0.05% 66,741 $3.6M Add +121.2%
GILD Gilead Sciences Inc. 0.05% 28,498 $3.5M Add +117.9%
WIT Wipro Ltd.-ADR 0.05% 1,189,500 $3.4M Reduce -0.6%
CSCO Cisco Systems Inc. 0.05% 43,490 $3.4M Add +8.6%
MU Micron Technology Inc. 0.05% 11,689 $3.3M Reduce -37.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.05% 10,969 $3.2M Add +9.7%
PFE Pfizer Inc. 0.05% 130,052 $3.2M Add +16.8%
LRCX Lam Research Corp. 0.05% 18,616 $3.2M Reduce -1.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 56,342 $3.1M Reduce -50.4%
FOXA Fox Corp. Class A 0.04% 39,723 $2.9M No change
BRK.B Berkshire Hathaway Inc. Class B 0.04% 5,688 $2.9M Add +11.2%
TEAM Atlassian Corp. Class A 0.04% 17,553 $2.8M Add +202.1%
O Realty Income Corp. 0.04% 50,417 $2.8M Add +3.2%
CNC Centene Corp. 0.04% 67,228 $2.8M Add +36.8%
MA Mastercard Inc. Class A 0.04% 4,817 $2.7M Add +9.9%
C Citigroup Inc. 0.04% 23,362 $2.7M Add +117.5%
CB Chubb Ltd. 0.04% 8,315 $2.6M Add +10.3%
ADBE Adobe Inc. 0.04% 7,347 $2.6M Reduce -13.1%
EQIX Equinix Inc. 0.04% 3,335 $2.6M Add +11.7%
V Visa Inc. Class A 0.04% 7,141 $2.5M Add +81.4%
PLTR Palantir Technologies Inc. Class A 0.04% 13,932 $2.5M Reduce -47.2%
ANET Arista Networks Inc. 0.04% 18,823 $2.5M Add +0.7%
SPG Simon Property Group Inc. 0.04% 13,063 $2.4M Add +46.2%
VZ Verizon Communications Inc. 0.03% 57,793 $2.4M Add +51.6%
NGG National Grid PLC-SP ADR 0.03% 30,340 $2.3M New
LIN Linde PLC 0.03% 5,469 $2.3M Reduce -96.7%
INTU Intuit Inc. 0.03% 3,500 $2.3M Add +21.8%
ZM Zoom Communications Inc. 0.03% 26,862 $2.3M Add +61.4%
DLR Digital Realty Trust Inc. 0.03% 14,590 $2.3M Add +9.0%
VRSN Verisign Inc. 0.03% 9,150 $2.2M Add +159.7%
PEP Pepsico Inc. 0.03% 15,473 $2.2M Add +10.7%
ACN Accenture PLC Class A 0.03% 8,215 $2.2M Reduce -2.2%
AVB Avalonbay Communities Inc. 0.03% 12,089 $2.2M Add +23.2%
T AT&T Inc. 0.03% 87,794 $2.2M Add +36.0%
MO Altria Group Inc. 0.03% 37,115 $2.1M No change
AMD Advanced Micro Devices 0.03% 9,975 $2.1M Add +44.1%
LVS Las Vegas Sands Corp. 0.03% 31,506 $2.1M New
HD Home Depot Inc. 0.03% 5,886 $2.0M Add +41.7%
RBLX Roblox Corp. Class A 0.03% 24,956 $2.0M Add +31.1%
ALNY Alnylam Pharmaceuticals Inc. 0.03% 5,039 $2.0M New
VALE Vale SA-SP ADR 0.03% 141,560 $1.8M Reduce -2.4%
AMAT Applied Materials Inc. 0.03% 7,175 $1.8M Add +29.8%
BAP Credicorp Ltd. 0.03% 6,418 $1.8M Add +0.5%
SHEL Shell PLC-ADR 0.03% 24,695 $1.8M Add +55.9%
UPS United Parcel Service Class B 0.03% 18,292 $1.8M Add +97.2%
SHOP Shopify Inc. Class A 0.03% 11,184 $1.8M Reduce -93.6%
PG The Procter & Gamble Co. 0.03% 12,173 $1.7M Add +23.1%
SCHW Schwab (charles) Corp. 0.02% 17,206 $1.7M Add +11.1%
LXP LXP Industrial Trust 0.02% 33,690 $1.7M Add +38.2%
PNC PNC Financial Services Group 0.02% 7,933 $1.7M Add +3.4%
REGN Regeneron Pharmaceuticals 0.02% 2,145 $1.7M New
DKNG Draftkings Inc. Class A 0.02% 47,230 $1.6M Add +73.8%
KO The Coca-Cola Co. 0.02% 22,946 $1.6M Add +24.6%
PANW Palo Alto Networks Inc. 0.02% 8,638 $1.6M Reduce -25.3%
COP Conocophillips 0.02% 16,978 $1.6M Add +8.7%
GTLS Chart Industries Inc. 0.02% 7,586 $1.6M Reduce -98.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 13,741 $1.6M Add +242.2%
STX Seagate Technology Holdings 0.02% 5,656 $1.6M Reduce -17.9%
GEV GE Vernova Inc. 0.02% 2,369 $1.5M Reduce -41.6%
BRX Brixmor Property Group Inc. 0.02% 59,020 $1.5M Add +48.4%
BTI British American Tob-SP ADR 0.02% 27,251 $1.5M New
COST Costco Wholesale Corp. 0.02% 1,772 $1.5M Add +7.1%
SNOW Snowflake Inc. 0.02% 6,948 $1.5M Reduce -47.9%
BMRN Biomarin Pharmaceutical Inc. 0.02% 25,621 $1.5M Add +425.7%
SNN Smith & Nephew PLC -Spon ADR 0.02% 46,262 $1.5M New
LMT Lockheed Martin Corp. 0.02% 3,064 $1.5M No change
BNL Broadstone Net Lease Inc. 0.02% 85,079 $1.5M Add +10.9%
AMGN Amgen Inc. 0.02% 4,502 $1.5M Add +54.9%
CRWD CrowdStrike Holdings Inc. Class A 0.02% 3,065 $1.4M Add +97.2%
TSN Tyson Foods Inc. Class A 0.02% 22,986 $1.3M Add +1.1%
VIST Vista Energy Sab DE CV 0.02% 27,000 $1.3M Reduce -26.5%
AMH American Homes 4 Rent- A 0.02% 40,472 $1.3M Add +67.8%
MDT Medtronic PLC 0.02% 13,221 $1.3M Reduce -88.0%
DG Dollar General Corp. 0.02% 9,550 $1.3M Add +3.8%
HPQ HP Inc. 0.02% 56,370 $1.3M Add +579.7%
COF Capital One Financial Corp. 0.02% 5,097 $1.2M Add +10.5%
KLAC KLA Corp. 0.02% 991 $1.2M Reduce -1.8%
WFC Wells Fargo & Co. 0.02% 12,872 $1.2M Add +38.0%
CAT Caterpillar Inc. 0.02% 2,077 $1.2M Add +25.4%
CDNS Cadence Design SYS Inc. 0.02% 3,750 $1.2M Add +27.5%
MCK McKesson Corp. 0.02% 1,409 $1.2M Reduce -0.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.02% 7,410 $1.1M Add +22.0%
NOW ServiceNow Inc. 0.02% 7,366 $1.1M Reduce -34.9%
CHTR Charter Communications Inc. Class A 0.02% 5,303 $1.1M Add +17.8%
ABT Abbott Laboratories 0.02% 8,782 $1.1M Add +28.1%
CMI Cummins Inc. 0.02% 2,132 $1.1M Add +7.7%
FDX FedEx Corp. 0.02% 3,767 $1.1M Add +15.2%
CRM Salesforce Inc. 0.02% 4,107 $1.1M Reduce -97.4%
EIX Edison International 0.02% 18,112 $1.1M Add +61.8%
WDC Western Digital Corp. 0.02% 6,258 $1.1M Add +2.0%
CMCSA Comcast Corp. Class A 0.02% 36,064 $1.1M Add +94.7%
EXPE Expedia Group Inc. 0.02% 3,741 $1.1M Reduce -65.3%
UTHR United Therapeutics Corp. 0.02% 2,174 $1.1M New
GM General Motors Co. 0.02% 12,962 $1.1M Reduce -54.5%
ISRG Intuitive Surgical Inc. 0.01% 1,830 $1.0M Add +113.5%
TXN Texas Instruments Inc. 0.01% 5,547 $962K Add +22.2%
RTX RTX Corp. 0.01% 5,192 $952K Reduce -2.2%
GD General Dynamics Corp. 0.01% 2,726 $918K Reduce -0.3%
AN Autonation Inc. 0.01% 4,399 $908K No change
PCAR Paccar Inc. 0.01% 8,143 $892K No change
APH Amphenol Corp. Class A 0.01% 6,569 $888K Add +1.4%
NWSA News Corp. Class A 0.01% 33,726 $881K Add +55.3%
AZO AutoZone Inc. 0.01% 253 $858K Add +7.2%
FSLR First Solar Inc. 0.01% 3,171 $828K Reduce -65.2%
FSS Federal Signal Corp. 0.01% 7,596 $825K No change
ADI Analog Devices Inc. 0.01% 3,009 $816K Add +22.4%
CI The Cigna Group 0.01% 2,957 $814K Add +14.7%
CHRW C.H. Robinson Worldwide Inc. 0.01% 5,033 $809K No change
MDB Mongodb Inc. 0.01% 1,914 $803K New
ORLY O'reilly Automotive Inc. 0.01% 8,792 $802K Add +11.9%
CL Colgate-Palmolive Co. 0.01% 9,736 $769K Add +103.8%
COHR Coherent Corp. 0.01% 4,109 $758K New
TER Teradyne Inc. 0.01% 3,900 $755K Reduce -10.3%
XPO Xpo Inc. 0.01% 5,488 $746K Add +7.9%
CURB Curbline Properties Corp. 0.01% 32,084 $745K Add +53.0%
VRTX Vertex Pharmaceuticals Inc. 0.01% 1,636 $742K New
HUBS HubSpot Inc. 0.01% 1,841 $739K Add +15.6%
CME Cme Group Inc. 0.01% 2,690 $735K Reduce -98.2%
ODFL Old Dominion Freight Line 0.01% 4,684 $734K Add +27.1%
EXPD Expeditors Intl Wash Inc. 0.01% 4,928 $734K No change
HIW Highwoods Properties Inc. 0.01% 28,200 $728K Reduce -14.9%
PSX Phillips 66 0.01% 5,635 $727K Add +114.8%
BBY Best Buy Co. Inc. 0.01% 10,664 $714K New
PEGA Pegasystems Inc. 0.01% 11,907 $711K Add +31.2%
ROAD Construction Partners Inc. Class A 0.01% 6,526 $708K No change
AXP American Express Co. 0.01% 1,901 $703K Add +48.0%
SYK Stryker Corp. 0.01% 1,981 $696K Add +32.5%
GPI Group 1 Automotive Inc. 0.01% 1,755 $690K No change
ETN Eaton Corp. PLC 0.01% 2,155 $686K Reduce -36.4%
ALV Autoliv Inc. 0.01% 5,779 $686K No change
TMUS T-Mobile US Inc. 0.01% 3,363 $683K Add +20.0%
BLBD Blue Bird Corp. 0.01% 14,514 $682K No change
GLW Corning Inc. 0.01% 7,693 $674K Add +25.5%
CVS CVS Health Corp. 0.01% 8,433 $669K Add +19.8%
JBHT Hunt (jb) Transprt SVCS Inc. 0.01% 3,356 $652K Reduce -14.4%
SBUX Starbucks Corp. 0.01% 7,715 $650K Add +18.7%
DAL Delta Air Lines Inc. 0.01% 9,189 $638K New
KVUE Kenvue Inc. 0.01% 36,699 $633K Add +140.4%
SW Smurfit Westrock PLC 0.01% 16,288 $630K Add +131.1%
ADSK Autodesk Inc. 0.01% 2,120 $628K Add +157.9%
MCD McDonald's Corp. 0.01% 2,043 $624K No change
BLK BlackRock Inc. 0.01% 572 $612K Add +39.9%
VRRM Verra Mobility Corp. 0.01% 27,311 $612K Reduce -67.7%
INTC Intel Corp. 0.01% 16,398 $605K Reduce -85.1%
TYL Tyler Technologies Inc. 0.01% 1,325 $601K Add +13.4%
EPAM Epam Systems Inc. 0.01% 2,897 $594K Add +2.5%
CTRE Caretrust REIT Inc. 0.01% 16,307 $590K Reduce -33.7%
SIBN Si-Bone Inc. 0.01% 29,745 $587K New
VRT Vertiv Holdings Co. Class A 0.01% 3,617 $586K Reduce -97.6%
TALO Talos Energy Inc. 0.01% 52,116 $574K New
TT Trane Technologies PLC 0.01% 1,440 $560K Add +0.6%
REVG Rev Group Inc. 0.01% 9,212 $560K Add +35.8%
CUBE Cubesmart 0.01% 15,507 $559K Add +5.9%
PGR Progressive Corp. 0.01% 2,449 $558K Add +56.5%
BC Brunswick Corp. 0.01% 7,427 $551K Add +11.2%
NEE Nextera Energy Inc. 0.01% 6,855 $550K No change
PKG Packaging Corp. of America 0.01% 2,631 $543K New
ELV Elevance Health Inc. 0.01% 1,500 $526K Add +40.9%
VTR Ventas Inc. 0.01% 6,790 $525K Reduce -37.0%
ENIC Enel Chile SA-ADR 0.01% 130,000 $523K Reduce -73.8%
IP International Paper Co. 0.01% 13,262 $522K New
AON Aon PLC Class A 0.01% 1,479 $522K Add +7.6%
DDOG Datadog Inc. Class A 0.01% 3,828 $521K Reduce -33.9%
BSX Boston Scientific Corp. 0.01% 5,421 $517K Add +42.4%
AZN Astrazeneca PLC-Spons ADR 0.01% 5,606 $515K Reduce -60.3%
MDLZ Mondelez International Inc. Class A 0.01% 9,333 $502K Add +17.5%
CHWY Chewy Inc. Class A 0.01% 15,074 $498K New
PINS Pinterest Inc. Class A 0.01% 19,230 $498K Add +167.8%
FROG Jfrog Ltd. 0.01% 7,942 $496K New
ULS Ul Solutions Inc. Class A 0.01% 6,257 $493K Reduce -0.2%
OKE Oneok Inc. 0.01% 6,711 $493K No change
RHP Ryman Hospitality Properties 0.01% 5,121 $485K Reduce -12.8%
SNDK Sandisk Corp. 0.01% 2,036 $483K Reduce -59.1%
LOW Lowe's Cos Inc. 0.01% 1,943 $469K Add +47.0%
PRU Prudential Financial Inc. 0.01% 4,148 $468K New
DE Deere & Co. 0.01% 1,001 $466K Add +109.4%
VNO Vornado Realty Trust 0.01% 13,980 $465K Reduce -11.0%
SPGI S&P Global Inc. 0.01% 889 $465K Reduce -21.3%
INCY Incyte Corp. 0.01% 4,659 $460K Reduce -65.1%
HTFL Heartflow Inc. 0.01% 15,741 $459K New
KMB Kimberly-Clark Corp. 0.01% 4,477 $452K New
IRT Independence Realty Trust Inc. 0.01% 25,835 $452K Reduce -28.5%
SHW The Sherwin-Williams Co. 0.01% 1,374 $445K Add +17.4%
GH Guardant Health Inc. 0.01% 4,337 $443K New
NSC Norfolk Southern Corp. 0.01% 1,495 $432K New
AMRZ Amrize Ltd. 0.01% 7,968 $431K New
INSW International Seaways Inc. 0.01% 8,828 $429K New
CTS CTS Corp. 0.01% 9,940 $426K Add +1.9%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.01% 6,201 $418K New
ESTC Elastic NV 0.01% 5,531 $417K New
ABEV Ambev SA-ADR 0.01% 168,569 $416K No change
KMI Kinder Morgan Inc. 0.01% 14,875 $409K No change
KRC Kilroy Realty Corp. 0.01% 10,781 $403K Reduce -25.9%
PAGS Pagseguro Digital Ltd. Class A 0.01% 41,298 $398K Reduce -58.4%
TGT Target Corp. 0.01% 4,061 $397K Add +14.8%
STRL Sterling Infrastructure Inc. 0.01% 1,287 $394K Reduce -61.7%
DUK Duke Energy Corp. 0.01% 3,342 $392K Reduce -0.6%
AFL Aflac Inc. 0.01% 3,544 $391K New
MUX McEwen Inc. 0.01% 21,101 $391K New
NBIX Neurocrine Biosciences Inc. 0.01% 2,739 $388K New
MKC McCormick & Co.-Non VTG SHRS 0.01% 5,690 $388K Reduce -27.9%
DELL Dell Technologies -C 0.01% 3,057 $385K Reduce -45.5%
EW Edwards Lifesciences Corp. 0.01% 4,476 $382K New
RIVN Rivian Automotive Inc. Class A 0.01% 19,103 $377K New
DOW Dow Inc. 0.01% 16,045 $375K No change
WMB Williams Cos Inc. 0.01% 6,202 $373K No change
FTNT Fortinet Inc. 0.01% 4,680 $372K New
HIG Hartford Insurance Group Inc. 0.01% 2,681 $369K New
MET Metlife Inc. 0.01% 4,592 $362K New
VRSK Verisk Analytics Inc. 0.01% 1,615 $361K Reduce -74.3%
UAL United Airlines Holdings Inc. 0.01% 3,195 $357K New
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.01% 5,095 $357K New
SOFI Sofi Technologies Inc. 0.01% 13,607 $356K New
BX Blackstone Inc. 0.01% 2,310 $356K Add +54.8%
DXCM Dexcom Inc. 0.01% 5,353 $355K New
STLD Steel Dynamics Inc. 0.01% 2,084 $353K New
RPRX Royalty Pharma PLC Class A 0.01% 8,960 $346K New
BE Bloom Energy Corp. Class A 0.01% 3,972 $345K New
PODD Insulet Corp. 0.01% 1,209 $344K Reduce -77.0%
PFG Principal Financial Group 0.01% 3,892 $343K New
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.00% 2,937 $341K Add +46.1%
GEN Gen Digital Inc. 0.00% 12,502 $340K New
BLDR Builders Firstsource Inc. 0.00% 3,286 $338K New
BDX Becton Dickinson and Co. 0.00% 1,727 $335K Add +12.1%
DVN Devon Energy Corp. 0.00% 9,121 $334K Reduce -70.0%
BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU 0.00% 12,000 $334K New
UHS Universal Health Services-B 0.00% 1,528 $333K New
HON Honeywell International Inc. 0.00% 1,707 $333K No change
CSL Carlisle Cos Inc. 0.00% 1,028 $329K New
SLB SLB Ltd. filed as SLB LIMITED 0.00% 8,531 $327K Reduce -94.9%
BXP BXP Inc. 0.00% 4,783 $323K New
DHR Danaher Corp. 0.00% 1,399 $320K New
TTAN Servicetitan Inc. Class A 0.00% 2,976 $317K Add +0.5%
ADP Automatic Data Processing 0.00% 1,215 $313K Add +58.8%
EOG EOG Resources Inc. 0.00% 2,962 $311K Add +25.2%
URI United Rentals Inc. 0.00% 384 $311K Add +23.5%
F Ford Motor Co. filed as FORD MTR CO 0.00% 23,057 $303K No change
ALL Allstate Corp. 0.00% 1,417 $295K Reduce -60.1%
ABNB Airbnb Inc. Class A 0.00% 2,158 $293K Add +1.0%
VLO Valero Energy Corp. 0.00% 1,780 $290K Reduce -8.3%
USB US Bancorp 0.00% 5,428 $290K New
HAE Haemonetics Corp. 0.00% 3,613 $290K New
MCO Moody's Corp. 0.00% 564 $288K New
FANG Diamondback Energy Inc. 0.00% 1,890 $284K No change
AMCR Amcor PLC 0.00% 34,028 $284K Add +12.7%
MMM 3M Co. 0.00% 1,735 $278K New
ELPC Cia Paranaense DE Ener-ADR filed as COMPANHIA PARANAENSE DE ENER 0.00% 29,073 $276K New
CEPU Central Puerto-Sponsored ADR 0.00% 15,500 $271K New
ASML ASML Holding NV-NY Reg SHS 0.00% 252 $270K Reduce -57.0%
Q Qnity Electronics Inc. 0.00% 3,205 $262K Add +42.4%
MEDP Medpace Holdings Inc. 0.00% 463 $260K New
MAR Marriott International Class A 0.00% 837 $260K New
HLT Hilton Worldwide Holdings Inc. 0.00% 903 $259K New
LYB Lyondellbasell Indu Class A 0.00% 5,963 $258K No change
BFAM Bright Horizons Family Solut 0.00% 2,520 $256K Reduce -85.7%
NKE Nike Inc. Class B 0.00% 3,957 $252K New
NXPI NXP Semiconductors NV 0.00% 1,117 $242K Reduce -36.2%
HCA HCA Healthcare Inc. 0.00% 507 $237K New
ARMK Aramark 0.00% 6,050 $223K New
CMG Chipotle Mexican Grill Inc. 0.00% 5,893 $218K Reduce -7.8%
LULU Lululemon Athletica Inc. 0.00% 1,046 $217K Reduce -12.8%
CTSH Cognizant Tech Solutions-A 0.00% 2,610 $217K Reduce -98.9%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.00% 7,683 $216K Reduce -0.0%
BA The Boeing Co. 0.00% 991 $215K No change
OMC Omnicom Group 0.00% 2,652 $214K Reduce -1.7%
KKR KKR & Co. Inc. 0.00% 1,675 $214K New
CNXC Concentrix Corp. 0.00% 5,024 $209K New
HWM Howmet Aerospace Inc. 0.00% 1,018 $209K Reduce -7.6%
MRSH Marsh & McLennan Cos 0.00% 1,122 $208K New
MPC Marathon Petroleum Corp. 0.00% 1,270 $207K No change
WTW Willis Towers Watson PLC 0.00% 621 $204K Reduce -99.3%
NWL Newell Brands Inc. 0.00% 37,728 $140K New

Portfolio Sells Q3 2025 → Q4 2025

AER Aercap Holdings NV Sold out 0.00% −1.95
MELI MercadoLibre Inc. Reduce -63.5% 0.93% −1.60
ORCL Oracle Corp. Reduce -95.2% 0.06% −1.58
GTLS Chart Industries Inc. Reduce -98.8% 0.02% −1.56
CHKP Check Point Software Tech Sold out 0.00% −1.22
CDW CDW Corp. Reduce -31.7% 2.14% −1.01
LIN Linde PLC Reduce -96.7% 0.03% −0.95
PRGO Perrigo Co. PLC Sold out 0.00% −0.87
JAZZ Jazz Pharmaceuticals PLC Reduce -74.3% 0.38% −0.61
SE Sea Ltd.-ADR Reduce -7.3% 2.02% −0.60
APTV Aptiv PLC Sold out 0.00% −0.50
CME Cme Group Inc. Reduce -98.2% 0.01% −0.49
JBL Jabil Inc. Sold out 0.00% −0.48
CNH CNH Industrial NV Sold out 0.00% −0.47
NICE Nice Ltd. - Spon ADR Sold out 0.00% −0.46
CRM Salesforce Inc. Reduce -97.4% 0.02% −0.46
RDDT Reddit Inc. Class A Sold out 0.00% −0.45
CLVT Clarivate PLC Sold out 0.00% −0.41
QTWO Q2 Holdings Inc. Sold out 0.00% −0.40
ADMA Adma Biologics Inc. Sold out 0.00% −0.39
COIN Coinbase Global Inc. Class A Sold out 0.00% −0.38
WTW Willis Towers Watson PLC Reduce -99.3% 0.00% −0.38
LEN Lennar Corp. Class A Sold out 0.00% −0.35
SHOP Shopify Inc. Class A Reduce -93.6% 0.03% −0.29
CIEN Ciena Corp. Sold out 0.00% −0.28
VRT Vertiv Holdings Co. Class A Reduce -97.6% 0.01% −0.27
SPOT Spotify Technology SA Reduce -11.8% 1.50% −0.25
TMO Thermo Fisher Scientific Inc. Reduce -35.1% 2.28% −0.24
ZS Zscaler Inc. Reduce -30.4% 0.32% −0.21
CTSH Cognizant Tech Solutions-A Reduce -98.9% 0.00% −0.20
NOMD Nomad Foods Ltd. Sold out 0.00% −0.19
FERG Ferguson Enterprises Inc. Reduce -23.4% 1.46% −0.19
DAR Darling Ingredients Inc. Sold out 0.00% −0.19
WTM White Mountains Insurance GP Sold out 0.00% −0.17
NWS News Corp. Class B Reduce -65.8% 0.08% −0.16
BUD Anheuser-Busch Inbev-SPN ADR Sold out 0.00% −0.14
UBER Uber Technologies Inc. Reduce -26.2% 0.35% −0.14
NTNX Nutanix Inc. Class A Reduce -12.6% 0.33% −0.14
EMR Emerson Electric Co. Reduce -21.9% 1.57% −0.14
GXO Gxo Logistics Inc. Reduce -20.0% 1.65% −0.13
BPOP Popular Inc. Sold out 0.00% −0.13
GLNG Golar LNG Ltd. Sold out 0.00% −0.12
AVGO Broadcom Inc. Reduce -27.5% 0.95% −0.12
TME Tencent Music Entertainm-ADR Reduce -24.3% 0.23% −0.12
MDT Medtronic PLC Reduce -88.0% 0.02% −0.11
WPM Wheaton Precious Metals Corp. Reduce -37.1% 0.37% −0.11
PLD Prologis Inc. Reduce -40.2% 0.39% −0.11
CBOE Cboe Global Markets Inc. Reduce -34.9% 0.38% −0.11
NFLX Netflix Inc. Reduce -13.1% 0.37% −0.10
ARQT Arcutis Biotherapeutics Inc. Reduce -55.0% 0.38% −0.09

Portfolio Buys Q3 2025 → Q4 2025

CTVA Corteva Inc. Add +78688.5% 2.54% +2.53
NVDA Nvidia Corp. Add +370.8% 1.74% +1.42
UNP Union Pacific Corp. Add +40.3% 2.40% +0.90
CSX CSX Corp. Add +20.1% 2.53% +0.76
TSM Taiwan Semiconductor-SP ADR Add +45.9% 1.50% +0.69
CRH CRH PLC Add +4.5% 3.13% +0.66
GEHC GE Healthcare Technology New 0.54% +0.54
LPLA LPL Financial Holdings Inc. New 0.52% +0.52
PM Philip Morris International Add +2.2% 3.35% +0.51
LLY Eli Lilly & Co. Add +1148.9% 0.53% +0.51
DD Dupont DE Nemours Inc. Add +19109.0% 0.50% +0.50
HPE Hewlett Packard Enterprise New 0.49% +0.49
ICE Intercontinental Exchange Inc. Add +4.5% 3.13% +0.46
AIG American International Group Add +60.4% 0.89% +0.45
NU Nu Holdings Ltd./Cayman Isl-A Add +110.7% 0.67% +0.41
MLI Mueller Industries Inc. Add +116.3% 0.61% +0.40
GS Goldman Sachs Group Inc. Add +4035.3% 0.41% +0.40
TECK Teck Resources Ltd.-CLS B New 0.39% +0.39
TKO Tko Group Holdings Inc. New 0.38% +0.38
GMAB Genmab A/S -SP ADR New 0.37% +0.37
PCG P G & E Corp. Add +2080.1% 0.38% +0.36
NXT Nextpower Inc. Add +2865.3% 0.37% +0.36
INSM Insmed Inc. New 0.36% +0.36
LFUS Littelfuse Inc. Add +11392.0% 0.33% +0.32
MDU Mdu Resources Group Inc. New 0.32% +0.32
WAL Western Alliance Bancorp Add +55.7% 0.68% +0.29
HUM Humana Inc. New 0.29% +0.29
UNH Unitedhealth Group Inc. Add +539.9% 0.33% +0.28
MRK Merck & Co. Inc. Add +1.7% 0.86% +0.28
HDB HDFC Bank Ltd.-ADR Add +0.1% 1.18% +0.23
PR Permian Resources Corp. Class A Add +17.2% 0.70% +0.23
AXTA Axalta Coating Systems Ltd. Add +29.3% 0.55% +0.23
ITUB Itau Unibanco H-Spon PRF ADR Add +3.9% 1.40% +0.21
NEM Newmont Corp. Add +3.6% 0.60% +0.18
AAPL Apple Inc. Add +30.4% 0.42% +0.16
FTV Fortive Corp. Add +2.8% 0.50% +0.13
HAL Halliburton Co. Add +2.8% 0.45% +0.12
ETR Entergy Corp. Add +2.8% 0.70% +0.11
QCOM Qualcomm Inc. Add +3.3% 0.57% +0.11
MCHP Microchip Technology Inc. Add +2.9% 0.61% +0.10
CVX Chevron Corp. Add +2.5% 0.64% +0.09
KDP Keurig Dr Pepper Inc. Add +3.9% 0.37% +0.09
PNW Pinnacle West Capital Add +1.2% 0.64% +0.09
CCK Crown Holdings Inc. Add +23.1% 0.25% +0.09
EG Everest Group Ltd. Add +4.1% 0.56% +0.08
FMX Fomento Economico Mex-SP ADR Add +100.2% 0.12% +0.07
GOOG Alphabet Inc. Class C Add +33.5% 0.14% +0.07
FLUT Flutter Entertainment PLC-Di Add +3.6% 3.00% +0.06
SQM Quimica Y Minera Chil-SP ADR Add +29.9% 0.10% +0.06
MAA Mid-America Apartment Comm Add +2.2% 0.38% +0.06

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