# Perpetual Investment Management Ltd

> Institutional holdings reported to the SEC as of Q4 2022 on Form 13F. CIK 1570625. Source: https://holderbook.com/funds/1570625-perpetual-investment-management-ltd/

- Reported value: $838.0M
- Positions: 211
- Weight of the ten largest: 30.1%
- Filed: 2023-02-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| LIGHT & WONDER INC | [LNWO](https://holderbook.com/stocks/LNWO/) | $38.1M | 649,593 | 4.5% | 6 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $37.5M | 337,841 | 4.5% | 9 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $28.9M | 93,826 | 3.5% | 9 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $27.5M | 336,294 | 3.3% | 9 |
| FERGUSON PLC NEW | [FERGXXXX](https://holderbook.com/stocks/FERGXXXX/) | $25.5M | 200,847 | 3.0% | 3 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $21.3M | 609,527 | 2.5% | 9 |
| INTERPUBLIC GROUP COS INC | [IPG](https://holderbook.com/stocks/IPG/) | $18.8M | 564,224 | 2.2% | 9 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $18.5M | 271,930 | 2.2% | 3 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $18.0M | 35,050 | 2.1% | 9 |
| UNITED PARKS & RESORTS INC | [PRKS](https://holderbook.com/stocks/PRKS/) | $17.9M | 334,763 | 2.1% | 9 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $17.8M | 229,286 | 2.1% | 9 |
| HUMANA INC | [HUM](https://holderbook.com/stocks/HUM/) | $17.2M | 33,610 | 2.1% | 8 |
| AMERICAN INTL GROUP INC | [AIG](https://holderbook.com/stocks/AIG/) | $16.8M | 265,192 | 2.0% | 9 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $16.7M | 123,435 | 2.0% | 5 |
| RALPH LAUREN CORP | [RL](https://holderbook.com/stocks/RL/) | $16.1M | 152,043 | 1.9% | 9 |
| HESS CORP | [HES](https://holderbook.com/stocks/HES/) | $15.0M | 105,974 | 1.8% | 9 |
| APTIV PLC | [APTVXXXX](https://holderbook.com/stocks/APTVXXXX/) | $15.0M | 161,282 | 1.8% | 9 |
| DOMINOS PIZZA INC | [DPZ](https://holderbook.com/stocks/DPZ/) | $15.0M | 43,311 | 1.8% | 2 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $14.7M | 128,190 | 1.7% | 9 |
| HUNT J B TRANS SVCS INC | [JBHT](https://holderbook.com/stocks/JBHT/) | $14.5M | 83,317 | 1.7% | 8 |
| STERICYCLE INC | [SRCL](https://holderbook.com/stocks/SRCL/) | $13.9M | 277,660 | 1.7% | 6 |
| COGNIZANT TECHNOLOGY SOLUTIO | [CTSH](https://holderbook.com/stocks/CTSH/) | $13.4M | 234,928 | 1.6% | 9 |
| ELECTRONIC ARTS INC | [EA](https://holderbook.com/stocks/EA/) | $13.1M | 107,489 | 1.6% | 3 |
| COCA-COLA EUROPACIFIC PARTNE | [CCEP](https://holderbook.com/stocks/CCEP/) | $12.5M | 225,287 | 1.5% | 9 |
| LITHIA MTRS INC | [LAD](https://holderbook.com/stocks/LAD/) | $12.2M | 59,826 | 1.5% | 6 |
| DUPONT DE NEMOURS INC | [DD](https://holderbook.com/stocks/DD/) | $12.1M | 175,825 | 1.4% | 2 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $12.0M | 28,002 | 1.4% | 8 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $11.9M | 167,244 | 1.4% | 9 |
| AXALTA COATING SYS LTD | [AXTA](https://holderbook.com/stocks/AXTA/) | $10.6M | 415,822 | 1.3% | 6 |
| ARAMARK | [ARMK](https://holderbook.com/stocks/ARMK/) | $10.0M | 242,183 | 1.2% | 9 |
| BOOZ ALLEN HAMILTON HLDG COR | [BAH](https://holderbook.com/stocks/BAH/) | $9.8M | 93,375 | 1.2% | 9 |
| ZEBRA TECHNOLOGIES CORPORATI | [ZBRA](https://holderbook.com/stocks/ZBRA/) | $9.4M | 36,588 | 1.1% | 2 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $9.3M | 681,543 | 1.1% | 5 |
| FOMENTO ECONOMICO MEXICANO S | [FMX](https://holderbook.com/stocks/FMX/) | $9.2M | 117,681 | 1.1% | 9 |
| HOLOGIC INC | [HOLX](https://holderbook.com/stocks/HOLX/) | $9.0M | 120,438 | 1.1% | 6 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $9.0M | 227,682 | 1.1% | 1 |
| HOWARD HUGHES CORP | [HHC](https://holderbook.com/stocks/HHC/) | $8.2M | 107,887 | 1.0% | 9 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $8.1M | 196,228 | 1.0% | 9 |
| AERCAP HOLDINGS NV | [AER](https://holderbook.com/stocks/AER/) | $7.7M | 132,802 | 0.9% | 9 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $7.5M | 68,107 | 0.9% | 1 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $7.5M | 30,330 | 0.9% | 9 |
| LIVANOVA PLC | [LIVN](https://holderbook.com/stocks/LIVN/) | $7.4M | 133,338 | 0.9% | 9 |
| PRICESMART INC | [PSMT](https://holderbook.com/stocks/PSMT/) | $7.2M | 117,712 | 0.9% | 9 |
| COPT DEFENSE PROPERTIES | [CDP](https://holderbook.com/stocks/CDP/) | $7.0M | 270,608 | 0.8% | 9 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $6.6M | 150,615 | 0.8% | 9 |
| NORTHERN TR CORP | [NTRS](https://holderbook.com/stocks/NTRS/) | $6.5M | 72,975 | 0.8% | 9 |
| NICE LTD | [NICE](https://holderbook.com/stocks/NICE/) | $6.1M | 31,704 | 0.7% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $6.1M | 25,286 | 0.7% | 9 |
| HAIN CELESTIAL GROUP INC | [HAIN](https://holderbook.com/stocks/HAIN/) | $5.5M | 342,732 | 0.7% | 9 |
| FTI CONSULTING INC | [FCN](https://holderbook.com/stocks/FCN/) | $4.5M | 28,509 | 0.5% | 9 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $4.2M | 37,644 | 0.5% | 9 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $3.7M | 93,943 | 0.4% | 9 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.4M | 26,020 | 0.4% | 9 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $3.1M | 17,819 | 0.4% | 9 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $3.0M | 16,712 | 0.4% | 9 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.8M | 31,604 | 0.3% | 9 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.7M | 16,900 | 0.3% | 9 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $2.5M | 7,272 | 0.3% | 9 |
| MONGODB INC | [MDB](https://holderbook.com/stocks/MDB/) | $2.5M | 12,600 | 0.3% | 5 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $2.4M | 46,923 | 0.3% | 9 |
| UNILEVER PLC | [ULXXXX](https://holderbook.com/stocks/ULXXXX/) | $2.4M | 47,433 | 0.3% | 9 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.3M | 19,000 | 0.3% | 1 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $2.3M | 14,953 | 0.3% | 9 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $2.3M | 33,406 | 0.3% | 7 |
| LINDE PLC | [LINXXXX](https://holderbook.com/stocks/LINXXXX/) | $2.2M | 6,830 | 0.3% | 9 |
| GXO LOGISTICS INCORPORATED | [GXO](https://holderbook.com/stocks/GXO/) | $2.2M | 51,000 | 0.3% | 6 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $2.1M | 10,143 | 0.3% | 9 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $2.1M | 17,661 | 0.2% | 9 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $2.0M | 3,706 | 0.2% | 6 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $2.0M | 9,850 | 0.2% | 9 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $2.0M | 17,512 | 0.2% | 9 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.0M | 6,198 | 0.2% | 9 |
| OPENDOOR TECHNOLOGIES INC | [OPEN](https://holderbook.com/stocks/OPEN/) | $2.0M | 1,685,700 | 0.2% | 7 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.8M | 3,450 | 0.2% | 9 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.8M | 28,438 | 0.2% | 9 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.8M | 13,321 | 0.2% | 9 |
| SOLAREDGE TECHNOLOGIES INC | [SEDG](https://holderbook.com/stocks/SEDG/) | $1.6M | 5,602 | 0.2% | 7 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.6M | 8,765 | 0.2% | 9 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $1.6M | 21,225 | 0.2% | 9 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.6M | 15,738 | 0.2% | 9 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $1.6M | 22,701 | 0.2% | 6 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $1.5M | 5,800 | 0.2% | 2 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $1.5M | 2,811 | 0.2% | 8 |
| WABTEC | [WAB](https://holderbook.com/stocks/WAB/) | $1.4M | 14,458 | 0.2% | 9 |
| EAST WEST BANCORP INC | [EWBC](https://holderbook.com/stocks/EWBC/) | $1.4M | 21,649 | 0.2% | 8 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $1.4M | 17,072 | 0.2% | 9 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $1.4M | 4,202 | 0.2% | 9 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $1.3M | 9,501 | 0.2% | 7 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.3M | 27,471 | 0.2% | 9 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.3M | 2,317 | 0.2% | 9 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $1.3M | 8,100 | 0.2% | 9 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $1.2M | 3,200 | 0.1% | 5 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $1.2M | 7,367 | 0.1% | 9 |
| SVB FINANCIAL GROUP | [SIVB](https://holderbook.com/stocks/SIVB/) | $1.2M | 5,318 | 0.1% | 9 |
| ORMAT TECHNOLOGIES INC | [ORA](https://holderbook.com/stocks/ORA/) | $1.2M | 13,941 | 0.1% | 7 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $1.2M | 8,036 | 0.1% | 9 |
| OMNICELL COM | [OMCL](https://holderbook.com/stocks/OMCL/) | $1.2M | 22,938 | 0.1% | 7 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $1.1M | 13,132 | 0.1% | 9 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.1M | 7,856 | 0.1% | 9 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $1.1M | 2,346 | 0.1% | 9 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q4 2022 | +14.7% | +7.1% | +7.6% | 100% |
| Q3 2022 | -6.9% | -5.3% | -1.6% | 100% |
| Q2 2022 | -12.9% | -16.5% | +3.6% | 100% |
| Q1 2022 | -6.0% | -4.9% | -1.1% | 100% |
| Q4 2021 | +4.7% | +10.7% | -6.0% | 100% |
| Q3 2021 | -1.4% | +0.3% | -1.6% | 100% |
| Q2 2021 | +5.1% | +8.0% | -2.9% | 100% |
| Q1 2021 | +9.5% | +6.0% | +3.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2022 | $838.0M | 211 |
| Q3 2022 | $683.9M | 209 |
| Q2 2022 | $683.2M | 213 |
| Q1 2022 | $796.5M | 224 |
| Q4 2021 | $871.7M | 229 |
| Q3 2021 | $789.3M | 215 |
| Q2 2021 | $704.9M | 212 |
| Q1 2021 | $601.8M | 211 |
| Q4 2020 | $677.1M | 225 |