# Perpetual Ltd

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1647273. Source: https://holderbook.com/funds/1647273-perpetual-ltd/

- Reported value: $7.0B
- Positions: 419
- Weight of the ten largest: 27.8%
- Filed: 2026-07-15

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 |
|---|---|---|---|---|---|
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $262.8M | 2,834,701 | 3.8% | 14 |
| TE CONNECTIVITY PLC | [TEL](https://holderbook.com/stocks/TEL/) | $231.8M | 1,149,702 | 3.3% | 2 |
| FLUTTER ENTMT PLC | [FLUT](https://holderbook.com/stocks/FLUT/) | $197.2M | 678,211 | 2.8% | 9 |
| ATMOS ENERGY CORP | [ATO](https://holderbook.com/stocks/ATO/) | $195.2M | 1,133,323 | 2.8% | 14 |
| CRH PLC | [CRH](https://holderbook.com/stocks/CRH/) | $185.5M | 1,733,547 | 2.6% | 12 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $182.3M | 1,007,836 | 2.6% | 14 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $179.6M | 1,458,464 | 2.6% | 15 |
| BAKER HUGHES COMPANY | [BKR](https://holderbook.com/stocks/BKR/) | $177.2M | 3,193,022 | 2.5% | 2 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $171.5M | 630,634 | 2.4% | 16 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $164.7M | 441,582 | 2.4% | 22 |
| APTIV PLC | [APTV](https://holderbook.com/stocks/APTV/) | $146.6M | 2,388,918 | 2.1% | 1 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $140.7M | 294,694 | 2.0% | 15 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $140.0M | 2,225,943 | 2.0% | 14 |
| MILLICOM INTL CELLULAR S A | [TIGO](https://holderbook.com/stocks/TIGO/) | $118.8M | 1,309,146 | 1.7% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $115.0M | 574,900 | 1.6% | 17 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $105.0M | 209,366 | 1.5% | 14 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $97.6M | 273,236 | 1.4% | 22 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $96.5M | 470,864 | 1.4% | 17 |
| PETROLEO BRASILEIRO S A | [PBR](https://holderbook.com/stocks/PBR/) | $96.1M | 5,946,116 | 1.4% | 10 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $95.4M | 2,454,649 | 1.4% | 1 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $94.8M | 7,094,372 | 1.4% | 11 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $93.1M | 1,957,755 | 1.3% | 7 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $93.0M | 1,098,004 | 1.3% | 10 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $92.2M | 643,821 | 1.3% | 16 |
| GE HEALTHCARE TECHNOLOGIES I | [GEHC](https://holderbook.com/stocks/GEHC/) | $83.7M | 1,307,549 | 1.2% | 3 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $78.3M | 609,565 | 1.1% | 16 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $76.7M | 1,700,016 | 1.1% | 3 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $72.0M | 42,437 | 1.0% | 14 |
| NEWS CORP NEW | [NWS](https://holderbook.com/stocks/NWS/) | $70.5M | 2,512,561 | 1.0% | 4 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $68.3M | 1,859,692 | 1.0% | 5 |
| FERGUSON ENTERPRISES INC | [FERG](https://holderbook.com/stocks/FERG/) | $67.8M | 285,689 | 1.0% | 8 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $67.5M | 178,572 | 1.0% | 20 |
| CEMEX SA EURO MTN BE 144A | [CX](https://holderbook.com/stocks/CX/) | $67.3M | 5,612,231 | 1.0% | 14 |
| PINNACLE WEST CAP CORP | [PNW](https://holderbook.com/stocks/PNW/) | $65.1M | 608,698 | 0.9% | 12 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $62.3M | 261,351 | 0.9% | 17 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $60.5M | 365,100 | 0.9% | 16 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $59.4M | 363,381 | 0.8% | 15 |
| KEURIG DR PEPPER INC | [KDP](https://holderbook.com/stocks/KDP/) | $58.8M | 1,797,137 | 0.8% | 13 |
| HUMANA INC | [HUM](https://holderbook.com/stocks/HUM/) | $58.3M | 146,786 | 0.8% | 3 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $55.3M | 688,313 | 0.8% | 1 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $52.4M | 725,858 | 0.7% | 12 |
| ITAU UNIBANCO HLDG S A | [ITUB](https://holderbook.com/stocks/ITUB/) | $52.2M | 6,388,941 | 0.7% | 15 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $51.4M | 161,483 | 0.7% | 15 |
| AXALTA COATING SYS LTD | [AXTA](https://holderbook.com/stocks/AXTA/) | $49.6M | 1,449,058 | 0.7% | 14 |
| EVEREST GROUP LTD | [EG](https://holderbook.com/stocks/EG/) | $48.6M | 135,942 | 0.7% | 6 |
| CACI INTL INC | [CACI](https://holderbook.com/stocks/CACI/) | $47.2M | 101,912 | 0.7% | 1 |
| FORTIVE CORP | [FTV](https://holderbook.com/stocks/FTV/) | $46.2M | 756,847 | 0.7% | 7 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $44.6M | 1,314,167 | 0.6% | 14 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $43.5M | 465,662 | 0.6% | 16 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $43.5M | 330,346 | 0.6% | 14 |
| PROSPERITY BANCSHARES INC | [PB](https://holderbook.com/stocks/PB/) | $43.3M | 593,322 | 0.6% | 2 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $42.7M | 470,286 | 0.6% | 20 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $42.6M | 145,305 | 0.6% | 16 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $42.0M | 455,719 | 0.6% | 14 |
| CARNIVAL CORP LTD | [CCL](https://holderbook.com/stocks/CCL/) | $40.4M | 1,414,625 | 0.6% | 1 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $40.2M | 1,556,670 | 0.6% | 15 |
| COMPANHIA DE SANEAMENTO BASI | [SBS](https://holderbook.com/stocks/SBS/) | $36.6M | 6,323,632 | 0.5% | 14 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $35.0M | 84,327 | 0.5% | 22 |
| LPL FINL HLDGS INC | [LPLA](https://holderbook.com/stocks/LPLA/) | $34.2M | 121,468 | 0.5% | 3 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $33.9M | 120,594 | 0.5% | 14 |
| AECOM | [ACM](https://holderbook.com/stocks/ACM/) | $33.8M | 484,722 | 0.5% | 1 |
| MUELLER INDS INC | [MLI](https://holderbook.com/stocks/MLI/) | $33.2M | 270,115 | 0.5% | 14 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $31.9M | 27,140 | 0.5% | 8 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $31.5M | 108,908 | 0.5% | 16 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $31.5M | 84,181 | 0.4% | 11 |
| KULICKE & SOFFA INDS INC | [KLIC](https://holderbook.com/stocks/KLIC/) | $30.6M | 228,606 | 0.4% | 2 |
| MID-AMER APT CMNTYS INC | [MAA](https://holderbook.com/stocks/MAA/) | $30.4M | 218,866 | 0.4% | 10 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $30.3M | 29,989 | 0.4% | 16 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $30.1M | 144,225 | 0.4% | 16 |
| REGAL REXNORD CORPORATION | [RRX](https://holderbook.com/stocks/RRX/) | $29.9M | 125,359 | 0.4% | 1 |
| ARCUTIS BIOTHERAPEUTICS INC | [ARQT](https://holderbook.com/stocks/ARQT/) | $29.1M | 1,109,657 | 0.4% | 6 |
| MDU RES GROUP INC | [MDU](https://holderbook.com/stocks/MDU/) | $29.0M | 1,369,442 | 0.4% | 3 |
| QNITY ELECTRONICS INC | [Q](https://holderbook.com/stocks/Q/) | $29.0M | 177,807 | 0.4% | 3 |
| CNH INDL N V | [CNH](https://holderbook.com/stocks/CNH/) | $28.7M | 2,553,577 | 0.4% | 1 |
| GREEN PLAINS INC | [GPRE](https://holderbook.com/stocks/GPRE/) | $28.2M | 1,833,282 | 0.4% | 2 |
| TECK RESOURCES LTD | [TECK](https://holderbook.com/stocks/TECK/) | $28.2M | 473,474 | 0.4% | 3 |
| ARGENX SE | [ARGX](https://holderbook.com/stocks/ARGX/) | $26.2M | 28,246 | 0.4% | 8 |
| STONEX GROUP INC | [SNEX](https://holderbook.com/stocks/SNEX/) | $26.0M | 219,124 | 0.4% | 6 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $25.6M | 222,552 | 0.4% | 13 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $25.4M | 278,546 | 0.4% | 7 |
| GENMAB A/S | [GMAB](https://holderbook.com/stocks/GMAB/) | $25.2M | 919,048 | 0.4% | 3 |
| JAZZ PHARMACEUTICALS PLC | [JAZZ](https://holderbook.com/stocks/JAZZ/) | $25.1M | 104,264 | 0.4% | 13 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $25.1M | 351,079 | 0.4% | 16 |
| PERMIAN RESOURCES CORP | [PR](https://holderbook.com/stocks/PR/) | $24.4M | 1,324,545 | 0.3% | 7 |
| WATTS WATER TECHNOLOGIES INC | [WTS](https://holderbook.com/stocks/WTS/) | $23.9M | 61,006 | 0.3% | 14 |
| WARNER MUSIC GROUP CORP | [WMG](https://holderbook.com/stocks/WMG/) | $21.7M | 800,733 | 0.3% | 8 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $20.9M | 94,544 | 0.3% | 16 |
| NEXTPOWER INC | [NXT](https://holderbook.com/stocks/NXT/) | $20.0M | 167,480 | 0.3% | 10 |
| JFROG LTD | [FROG](https://holderbook.com/stocks/FROG/) | $19.6M | 215,434 | 0.3% | 3 |
| WHEATON PRECIOUS METALS CORP | [WPM](https://holderbook.com/stocks/WPM/) | $18.8M | 167,117 | 0.3% | 6 |
| PENTAIR PLC | [PNR](https://holderbook.com/stocks/PNR/) | $18.3M | 238,439 | 0.3% | 14 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $17.9M | 702,739 | 0.3% | 11 |
| CROWN HLDGS INC | [CCK](https://holderbook.com/stocks/CCK/) | $17.6M | 157,522 | 0.3% | 14 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $17.1M | 76,543 | 0.2% | 16 |
| VERALTO CORP | [VLTO](https://holderbook.com/stocks/VLTO/) | $17.1M | 192,332 | 0.2% | 10 |
| ADVANCED DRAIN SYS INC DEL | [WMS](https://holderbook.com/stocks/WMS/) | $16.7M | 106,416 | 0.2% | 14 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $16.0M | 96,189 | 0.2% | 14 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $15.9M | 74,511 | 0.2% | 14 |
| FOMENTO ECONOMICO MEXICANO S | [FMX](https://holderbook.com/stocks/FMX/) | $15.6M | 122,331 | 0.2% | 14 |
| SERVICE CORP INTL | [SCI](https://holderbook.com/stocks/SCI/) | $14.6M | 192,838 | 0.2% | 14 |

## 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 |
|---|---|---|---|---|
| Q2 2026 | +5.7% | +14.8% | -9.2% | 98% |
| Q1 2026 | -1.9% | -4.6% | +2.7% | 100% |
| Q4 2025 | -0.5% | +2.4% | -2.8% | 100% |
| Q3 2025 | +3.6% | +7.8% | -4.2% | 100% |
| Q2 2025 | +11.1% | +10.5% | +0.6% | 100% |
| Q1 2025 | -1.0% | -4.6% | +3.6% | 99% |
| Q4 2024 | -2.2% | +2.1% | -4.3% | 100% |
| Q3 2024 | +9.3% | +5.4% | +3.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $7.0B | 419 |
| Q1 2026 | $6.5B | 424 |
| Q4 2025 | $6.9B | 411 |
| Q3 2025 | $8.1B | 400 |
| Q2 2025 | $8.5B | 416 |
| Q1 2025 | $8.3B | 411 |
| Q4 2024 | $8.5B | 409 |
| Q3 2024 | $9.2B | 418 |
| Q2 2024 | $9.2B | 424 |
| Q1 2024 | $10.2B | 433 |
| Q4 2023 | $9.7B | 430 |
| Q3 2023 | $9.7B | 442 |