Caledonia (Private) Investments Pty Ltd Diversified Active

CIK: 0001352924 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $5,216,739 (100.0% shares, 0.0% debt)

Holdings (16)

New Positions (3)

RKT ROCKET COS INC 0.2%

Value ($000) $12,761 Shares 659,131 Est. Cost $17.88 Unrealized 0.0%

GENI GENIUS SPORTS LIMITED 0.1%

Value ($000) $5,255 Shares 476,875 Est. Cost $10.90 Unrealized 0.0%

JHX JAMES HARDIE INDS PLC 0.1%

Value ($000) $3,265 Shares 157,326 Est. Cost $20.06 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RKT	ROCKET COS INC	659,131	$12,761	0.2%	$17.88	0.0%	COM CL A	77311W101
GENI	GENIUS SPORTS LIMITED	476,875	$5,255	0.1%	$10.90	0.0%	SHARES CL A	G3934V109
JHX	JAMES HARDIE INDS PLC	157,326	$3,265	0.1%	$20.06	0.0%	ORD SHS	G4253H101

Increased Positions (3)

FLUT FLUTTER ENTMT PLC 29.6%

Value ($000) $1,546,538 (-12.1%) Shares 7,191,861 (+3.8%) Est. Cost $193.59 Unrealized +16.2%

COUR COURSERA INC 1.7%

Value ($000) $88,708 (-18.7%) Shares 12,052,670 (+29.4%) Est. Cost $16.25 Unrealized -46.4%

APPF APPFOLIO INC 1.5%

Value ($000) $77,388 (+23.1%) Shares 332,635 (+45.9%) Est. Cost $224.16 Unrealized +6.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FLUT	FLUTTER ENTMT PLC	7,191,861 (+3.8%)	$1,546,538 (-12.1%)	29.6%	$193.59	+16.2%	SHS	G3643J108
COUR	COURSERA INC	12,052,670 (+29.4%)	$88,708 (-18.7%)	1.7%	$16.25	-46.4%	COM	22266M104
APPF	APPFOLIO INC	332,635 (+45.9%)	$77,388 (+23.1%)	1.5%	$224.16	+6.0%	COM CL A	03783C100

Exited Positions (3)

LNWO LIGHT & WONDER INC 3.1%

Value ($000) $160,813 Shares 1,915,804 Est. Cost $81.85 Unrealized +7.7%

— MR COOPER GROUP INC 1.8%

Value ($000) $95,317 Shares 452,188 Est. Cost $149.21 Unrealized —

AMWL AMERICAN WELL CORP 0.1%

Value ($000) $3,936 Shares 640,000 Est. Cost $8.47 Unrealized -43.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LNWO	LIGHT & WONDER INC	1,915,804	$160,813	3.1%	$81.85	+7.7%	—	80874P109
—	MR COOPER GROUP INC	452,188	$95,317	1.8%	$149.21	—	—	62482R107
AMWL	AMERICAN WELL CORP	640,000	$3,936	0.1%	$8.47	-43.1%	—	03044L204

Decreased Positions (8)

Z ZILLOW GROUP INC 34.1%

Value ($000) $1,779,477 (-13.1%) Shares 26,084,393 (-1.8%) Est. Cost $32.87 Unrealized +120.3%

FWONK LIBERTY MEDIA CORP DEL 0.4%

Value ($000) $20,668 (-88.0%) Shares 209,804 (-87.3%) Est. Cost $62.30 Unrealized —

ZG ZILLOW GROUP INC 14.9%

Value ($000) $776,926 (-10.1%) Shares 11,386,865 (-1.9%) Est. Cost $29.74 Unrealized +136.5%

CCJ CAMECO CORP 9.5%

Value ($000) $496,909 (+7.3%) Shares 5,431,296 (-1.6%) Est. Cost $48.18 Unrealized +86.7%

UDMY UDEMY INC 1.5%

Value ($000) $78,772 (-19.5%) Shares 13,465,240 (-3.5%) Est. Cost $13.03 Unrealized -55.3%

RPRX ROYALTY PHARMA PLC 5.5%

Value ($000) $285,049 (+7.0%) Shares 7,377,038 (-2.3%) Est. Cost $32.61 Unrealized +16.9%

CME CME GROUP INC 0.1%

Value ($000) $5,119 (-71.4%) Shares 18,744 (-71.7%) Est. Cost $219.66 Unrealized +23.3%

— TRUECAR INC 0.8%

Value ($000) $39,371 (+20.5%) Shares 17,420,868 (-1.9%) Est. Cost $13.80 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
Z	ZILLOW GROUP INC	26,084,393 (-1.8%)	$1,779,477 (-13.1%)	34.1%	$32.87	+120.3%	CL C CAP STK	98954M200
FWONK	LIBERTY MEDIA CORP DEL	209,804 (-87.3%)	$20,668 (-88.0%)	0.4%	$62.30	—	COM LBTY ONE S C	531229755
ZG	ZILLOW GROUP INC	11,386,865 (-1.9%)	$776,926 (-10.1%)	14.9%	$29.74	+136.5%	CL A	98954M101
CCJ	CAMECO CORP	5,431,296 (-1.6%)	$496,909 (+7.3%)	9.5%	$48.18	+86.7%	COM	13321L108
UDMY	UDEMY INC	13,465,240 (-3.5%)	$78,772 (-19.5%)	1.5%	$13.03	-55.3%	COM	902685106
RPRX	ROYALTY PHARMA PLC	7,377,038 (-2.3%)	$285,049 (+7.0%)	5.5%	$32.61	+16.9%	SHS CLASS A	G7709Q104
CME	CME GROUP INC	18,744 (-71.7%)	$5,119 (-71.4%)	0.1%	$219.66	+23.3%	COM	12572Q105
—	TRUECAR INC	17,420,868 (-1.9%)	$39,371 (+20.5%)	0.8%	$13.80	—	COM	89785L107

Unchanged Positions (2)

WFC WELLS FARGO CO NEW 0.0%

Value ($000) $298 Shares 3,198 Est. Cost $66.67 Unrealized +29.9%

BWXT BWX TECHNOLOGIES INC 0.0%

Value ($000) $237 Shares 1,371 Est. Cost $160.55 Unrealized +16.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WFC	WELLS FARGO CO NEW	3,198	$298	0.0%	$66.67	+29.9%	COM	949746101
BWXT	BWX TECHNOLOGIES INC	1,371	$237	0.0%	$160.55	+16.7%	COM	05605H100