Perpetual IM discloses 4.4% News Corp (NWS) Class B stake

Rhea-AI Filing Summary

Perpetual Investment Management Limited, an Australian non-U.S. institution and investment manager, filed Amendment No. 1 to a Schedule 13G regarding its position in News Corp Depositary Receipts, Class B Shares.

In information dated June 30, 2026, it reports beneficial ownership of 8,020,693 shares, representing 4.4% of this class. Perpetual has sole voting and sole dispositive power over 6,767,231 shares and no shared voting or dispositive power. The filing indicates ownership of 5 percent or less of this class.

Key Figures

Shares beneficially owned: 8,020,693 shares Percent of class: 4.4% Sole voting power: 6,767,231 shares +4 more

7 metrics

Shares beneficially owned 8,020,693 shares Depositary Receipts, Class B Shares reported in Amendment No. 1

Percent of class 4.4% Percentage of News Corp Depositary Receipts, Class B Shares

Sole voting power 6,767,231 shares Shares over which Perpetual can solely vote or direct the vote

Shared voting power 0 shares No shared voting power reported

Sole dispositive power 6,767,231 shares Shares over which Perpetual can solely direct disposition

Shared dispositive power 0 shares No shared dispositive power reported

Ownership date 06/30/2026 Date associated with reported ownership information

Key Terms

Beneficially owned, Sole Dispositive Power, Schedule 13G, non-U.S. institution, +1 more

5 terms

Beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: See Item 9"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Dispositive Power financial

"7 | Sole Dispositive Power 6,767,231.00 8 | Shared Dispositive Power 0.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13G regulatory

"Each reporting person may be deemed to be a member of a group with respect to the issuer"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

non-U.S. institution regulatory

"Perpetual Investment Management Limited, Australia - A non-U.S. institution -Subsidiary of Parent"

Percent of class financial

"(b) | Percent of class: See Item 11 on the cover page(s) hereto."

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/15/2026 - 04:57 PM Accepted by SEC EDGAR 07/15/2026 - 04:56 PM Learn about SEC filing dates

FAQ

What stake does Perpetual Investment Management hold in News Corp (NWS) Class B shares?

Perpetual Investment Management reports beneficial ownership of 8,020,693 News Corp Depositary Receipts, Class B Shares, representing 4.4% of that class. This ownership level is disclosed in Amendment No. 1 to a Schedule 13G dated June 30, 2026.

How many NWS Class B shares does Perpetual have voting power over?

Perpetual Investment Management has sole voting power over 6,767,231 News Corp Class B depositary receipts and no shared voting power. It also has sole dispositive power over the same 6,767,231 shares, with no shared dispositive power reported.

Is Perpetual Investment Management’s ownership of NWS above 5 percent?

The Schedule 13G/A indicates ownership of 5 percent or less of the News Corp Class B depositary receipts. The reported percentage of the class is 4.4%, based on beneficial ownership of 8,020,693 shares as disclosed in the filing.

What type of investor is Perpetual Investment Management Limited in relation to NWS?

Perpetual Investment Management Limited is identified as an Investment Manager and a non-U.S. institution, organized in Australia. It is described as a subsidiary of a parent in the ownership structure information included with the Schedule 13G/A.

When is Perpetual’s ownership information for News Corp (NWS) effective in this filing?

The ownership information is dated June 30, 2026, with the Schedule 13G/A signed on July 15, 2026. These dates frame when the reported 8,020,693 Class B depositary receipts, equal to 4.4% of the class, were disclosed.

Does Perpetual share dispositive power over NWS Class B depositary receipts?

Perpetual Investment Management reports sole dispositive power over 6,767,231 News Corp Class B depositary receipts and no shared dispositive power. This means only Perpetual, and not any other party, is reported as directing disposition of those shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

NEWS CORP

(Name of Issuer)

Depositary Receipts, Class B Shares

(Title of Class of Securities)

U9598Q116

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): U9598Q116

1

Names of Reporting Persons

Perpetual Investment Management Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

AUSTRALIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 6,767,231.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 6,767,231.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,020,693.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.4 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: NEWS CORP
(b)	Address of issuer's principal executive offices: 1211 AVENUE OF THE AMERICAS, NEW YORK, US-NY, 10036 US
Item 2.
(a)	Name of person filing: Perpetual Investment Management Limited
(b)	Address or principal business office or, if none, residence: Perpetual Investment Management Limited - 18/123 Pitt Street, Sydney, Australia
(c)	Citizenship: Perpetual Investment Management Limited, Australia
(d)	Title of class of securities: Depositary Receipts, Class B Shares
(e)	CUSIP No.: U9598Q116
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	Investment Manager
Item 4.	Ownership
(a)	Amount beneficially owned: See Item 9 on the cover page(s) hereto.
(b)	Percent of class: See Item 11 on the cover page(s) hereto.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Item 5 on the cover page(s) hereto.
	(ii) Shared power to vote or to direct the vote: See Item 6 on the cover page(s) hereto.
	(iii) Sole power to dispose or to direct the disposition of: See Item 7 on the cover page(s) hereto.
	(iv) Shared power to dispose or to direct the disposition of: See Item 8 on the cover page(s) hereto.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Perpetual Investment Management Limited, Australia - A non-U.S. institution -Subsidiary of Parent
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. Each reporting person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any syndicate or group with respect to the issuer or any securities of the issuer.
Item 9.	Notice of Dissolution of Group.
	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. Each reporting person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any syndicate or group with respect to the issuer or any securities of the issuer.

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Perpetual Investment Management Limited

Signature:	/s/ Sylvie Dimarco
Name/Title:	By: Perpetual Investment Management Limited, its General Partner Company Secretary
Date:	07/15/2026