Coronation Fund Managers Increases Stakes Across Stocks

Coronation Fund Managers Ltd. expanded its positions across multiple U.S. equities in the first quarter, significantly increasing its holdings in Zillow Group, LPL Financial, IQVIA, and Mid-America Apartment Communities. The fund boosted Zillow by 130.6% to 349,503 shares, representing about 0.7% of its portfolio and making it its 29th largest holding. In LPL Financial, Coronation raised its stake 27.2% to 290,443 shares, about 4.0% of its portfolio and its 6th largest position. The firm also increased its IQVIA stake by 34.4% to 100,522 shares, roughly 0.8% of its portfolio and the 24th biggest holding. Additionally, Coronation took a new position in Mid-America Apartment Communities with 102,498 shares valued at around $12.5 million. The overall moves reflect a broad strategy of expanding sizable investments across financial services and health tech while adding a significant real estate exposure through MAAC.