Coronation Fund Managers Portfolio holdings
Coronation Fund Managers is a South African asset manager that began in Cape Town in 1993 as an independent firm with no tied distribution channels. It follows a long-term, valuation-driven approach and runs multi-asset, equity, fixed income and hedge funds across developed and emerging markets. Coronation opened offices in Dublin in 1998 and London in 1999, and listed on the Johannesburg Stock Exchange in 2003. It was involved in launching Namibia Asset Management in 1996 and Kagiso Asset Management, since renamed Camissa Asset Management, in 2001. Its clients include pension funds, family offices and individual investors.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$101M |
| 2 |
Trip.com Group
TCOM
|
+$46.6M |
| 3 |
Fomento Económico Mexicano
FMX
|
+$37M |
| 4 |
JD.com
JD
|
+$35.5M |
| 5 |
Newell Brands
NWL
|
+$25.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Melco Resorts & Entertainment
MLCO
|
+$107M |
| 2 |
TSMC
TSM
|
+$74.1M |
| 3 |
Yum! Brands
YUM
|
+$74M |
| 4 |
Liberty Latin America Class C
LILAK
|
+$53.9M |
| 5 |
WUBA
58.com Inc
WUBA
|
+$52.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 39.94% |
| 2 | Communication Services | 23.93% |
| 3 | Financials | 14.07% |
| 4 | Technology | 9.85% |
| 5 | Real Estate | 4.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
JD.com
JD
$37.7B
| $406M | 12.82% |
9,802,981
+903,171
| +10% | +$35.5M |
2016 Q2
6 quarters
|
|
|
WUBA
2
DELISTED
58.com Inc
WUBA
| $245M | 7.73% |
3,418,149
-756,254
| -18% | -$52.4M |
2016 Q2
6 quarters
|
|
|
TTM
3
DELISTED
Tata Motors Limited
TTM
| $231M | 7.3% |
6,987,780
+396,536
| +6% | +$12.8M |
2016 Q2
6 quarters
|
|
4
Baidu
BIDU
$26.6B
| $170M | 5.35% |
723,858
-192,814
| -21% | -$47.1M |
2016 Q2
6 quarters
|
|
5
Nike
NKE
$56.4B
| $129M | 4.08% |
2,067,031
-765,766
| -27% | -$44M |
2016 Q4
4 quarters
|
|
6
Visa
V
$794B
| $126M | 3.99% |
1,108,479
-251,764
| -19% | -$27.8M |
2016 Q2
6 quarters
|
|
|
7
Yum! Brands
YUM
$43.3B
| $106M | 3.35% |
1,301,102
-935,822
| -42% | -$74M |
2016 Q2
6 quarters
|
|
|
AABA
8
DELISTED
Altaba Inc
AABA
| $102M | 3.21% |
+1,455,386
| New | +$101M |
2017 Q4
0 quarters
|
|
|
9
TSMC
TSM
$2.07T
| $96.9M | 3.06% |
2,445,042
-1,829,500
| -43% | -$74.1M |
2016 Q2
6 quarters
|
|
|
10
Trip.com Group
TCOM
$27.4B
| $95.1M | 3% |
2,157,284
+973,718
| +82% | +$46.6M |
2016 Q2
6 quarters
|
|
11
Noah Holdings
NOAH
$448M
| $82.5M | 2.61% |
1,783,478
+522,800
| +41% | +$21.5M |
2017 Q2
2 quarters
|
|
12
Alphabet (Google) Class A
GOOGL
$3.64T
| $79.5M | 2.51% |
1,508,520
+36,460
| +2% | +$1.88M |
2016 Q2
6 quarters
|
|
13
Bath & Body Works
BBWI
$4.31B
| $71M | 2.24% |
1,458,518
-565,497
| -28% | -$22.9M |
2016 Q2
6 quarters
|
|
14
Charter Communications
CHTR
$15.8B
| $68.5M | 2.16% |
203,954
+67,301
| +49% | +$22.9M |
2016 Q2
6 quarters
|
|
15
Meta Platforms (Facebook)
META
$1.64T
| $66.8M | 2.11% |
378,355
-14,792
| -4% | -$2.61M |
2016 Q2
6 quarters
|
|
16
Alibaba
BABA
$235B
| $65.7M | 2.08% |
381,258
-46,431
| -11% | -$8.32M |
2017 Q2
2 quarters
|
|
17
Blackstone
BX
$95B
| $62.7M | 1.98% |
1,958,174
-51,640
| -3% | -$1.68M |
2016 Q2
6 quarters
|
|
18
Comcast
CMCSA
$89.3B
| $61.8M | 1.95% |
1,544,004
+579,086
| +60% | +$21.8M |
2016 Q2
6 quarters
|
|
19
Cognizant
CTSH
$28.2B
| $60.1M | 1.9% |
846,518
-32,489
| -4% | -$2.37M |
2016 Q2
6 quarters
|
|
20
Amazon
AMZN
$2.88T
| $59.2M | 1.87% |
1,012,680
-190,920
| -16% | -$10.5M |
2016 Q2
6 quarters
|
|
21
Booking.com
BKNG
$119B
| $49.6M | 1.57% |
713,125
+114,400
| +19% | +$8.29M |
2016 Q2
6 quarters
|
|
22
KKR & Co
KKR
$87.5B
| $46.8M | 1.48% |
2,223,092
-655,567
| -23% | -$13.2M |
2016 Q2
6 quarters
|
|
23
Liberty Global Class A
LBTYA
$3.58B
| $39.1M | 1.23% |
1,090,428
| – | – |
2016 Q2
6 quarters
|
|
|
24
Fomento Económico Mexicano
FMX
$44.9B
| $38M | 1.2% |
+405,175
| New | +$37M |
2017 Q4
0 quarters
|
|
25
Simon Property Group
SPG
$75.1B
| $36M | 1.14% |
209,818
+4,322
| +2% | +$702K |
2016 Q4
4 quarters
|
|
Similar funds
Coronation Fund Managers's Q4 2017 Portfolio in Review
As of Q4 2017, Coronation Fund Managers held 78 positions worth $3.17B, down 5.5% from $3.35B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Coronation Fund Managers withdrew a net $388M in Q4 2017, closing 14 positions and reducing 32 holdings. Its most notable exit was Melco Resorts & Entertainment, an estimated $107M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 40% of assets, down from 41% a quarter earlier, followed by Communication Services and Financials.
Against the trend, Coronation Fund Managers opened a new position in Altaba Inc worth $102M.
- Coronation Fund Managers's largest Q4 2017 buy was Altaba Inc: 1,455,386 shares worth $102M.
- Coronation Fund Managers added most to Trip.com Group in Q4 2017, an estimated $46.6M increase.
- Coronation Fund Managers's biggest Q4 2017 reduction was TSMC, cutting an estimated $74.1M.
- Coronation Fund Managers fully exited Melco Resorts & Entertainment in Q4 2017, selling an estimated $107M.
- Coronation Fund Managers's ten largest holdings make up 54% of its $3.17B portfolio in Q4 2017.
- Coronation Fund Managers opened 4 new positions and closed 14 in Q4 2017.
- Coronation Fund Managers's portfolio value fell 5.5% quarter-over-quarter to $3.17B.
Based on Coronation Fund Managers's 13F filing for Q4 2017, filed 29 Jan 2018.