Caledonia (Private) Investments Pty Ltd

Sydney Nsw, C3 · CIK 1352924 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2014 · other (specify)

Assets managed$5.3bn
Staff26 · 9 in investment roles
Main clients (by assets)Private funds 69%, High net worth individuals 31%
Main officeSydney
Websitecaledoniafund.com
Form ADV · 2026-09-28SEC adviser record

Legal entityCALEDONIA (PRIVATE) INVESTMENTS PTY LIMITED (AU)

$2.9bn reported value -14.8% vs Q1 2026

17positions

99.0%in top 10

2 new 3 added 7 reduced 1 sold out vs Q1 2026

This report includes the holdings of 1 other manager that shares the investment decisions:

Caledonia US, LP – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	FLUTTER ENTMT PLC SHS FLUT	FLUT	8,079,486	$825.5m28.18%	28.18%	Reduced -450.1k	-450,087 -5.3%
2	ZILLOW GROUP INC CL C CAP STK Z	Z	24,102,956	$759.7m25.93%	25.93%	Reduced -1.8m	-1,791,437 -6.9%
3	ZILLOW GROUP INC CL A ZG	ZG	11,328,301	$355.4m12.13%	12.13%	Reduced -42.2k	-42,242 -0.4%
4	ROYALTY PHARMA PLC SHS CLASS A RPRX	RPRX	5,775,851	$323.9m11.06%	11.06%	Reduced -1.4m	-1,392,548 -19.4%
5	CAMECO CORP COM CCJ	CCJ	2,889,643	$294.3m10.05%	10.05%	Reduced -505.5k	-505,452 -14.9%
6	COURSERA INC COM COUR	COUR	20,375,448	$114.9m3.92%	3.92%	Added +8.9m	+8,916,274 77.8%
7	LIVE NATION ENTERTAINMENT IN COM LYV	LYV	585,442	$107.2m3.66%	3.66%	Added +8.8k	+8,800 1.5%
8	APPFOLIO INC COM CL A APPF	APPF	290,462	$46.6m1.59%	1.59%	Reduced -37.8k	-37,815 -11.5%
9	ROCKET COS INC COM CL A RKT	RKT	2,921,124	$46.0m1.57%	1.57%	Added +1.9m	+1,886,993 182.5%
10	TRANSOCEAN LTD REGISTERED SHS RIG	RIG	5,582,594	$27.3m0.93%	0.93%	New
11	LIBERTY MEDIA CORP DEL COM LBTY ONE S C FWONK	FWONK	209,804	$20.0m0.68%	0.68%	Unchanged
12	CME GROUP INC COM CME	CME	18,744	$4.1m0.14%	0.14%	Unchanged
13	GENIUS SPORTS LIMITED SHARES CL A GENI	GENI	476,875	$2.9m0.10%	0.10%	Unchanged
14	JAMES HARDIE INDS PLC ORD SHS JHX	JHX	33,790	$884.6k0.03%	0.03%	Reduced -123.5k	-123,536 -78.5%
15	EXXON MOBIL CORP COM XOM	XOM	2,199	$300.6k0.01%	0.01%	Unchanged
16	WELLS FARGO CO NEW COM WFC	WFC	3,198	$264.3k0.01%	0.01%	Unchanged
17	BRIGHTSPRING HEALTH SVCS INC COM BTSG	BTSG	3,092	$215.6k0.01%	0.01%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
UDEMY INC UDMY	UDMY	13,668,374	$63.1m13.7m shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
ZILLOW GROUP INC ZG · 13G · filed 2026-05-15	ZG	26.8%≈ $356.7m	+1.9 pts	13G	2026-05-15
ZILLOW GROUP INC Z · 13G · filed 2025-11-14	Z	23.4%≈ $365.7m	+6.3 pts	13G	2025-11-14
UDEMY INC UDMY · 13G · filed 2025-11-14	UDMY	9.5%		13G	2025-11-14
COURSERA INC COUR · 13G · filed 2026-02-17	COUR	7.2%≈ $68.0m	+1.6 pts	13G	2026-02-17
LIGHT & WONDER INC LNWO · 13G · filed 2026-08-31	LNWO	5.4%	-4.3 pts	13G	2026-08-31