{
  "schema_version": "1.0.0",
  "ticker": "S32",
  "company_name": "South32 Limited",
  "cutoff_date": "2026-10-31",
  "reviewed_at": "2026-10-31",
  "coverage_note": "Top-20 registered accounts are as at 31 July 2026. Group holdings are separately dated last substantial notices and can overlap register accounts.",
  "register": {
    "as_of_date": "2026-07-31",
    "issued_shares": 4486485738,
    "source_ids": [
      "annual-2026"
    ],
    "holders": [
      {
        "holder_id": "register-01",
        "name": "HSBC Custody Nominees (Australia) Limited — account 1",
        "classification": "nominee_custodian",
        "shares": 1264738417,
        "percentage": 28.19,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-07-31",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered intermediary, nominee or control account; underlying beneficial owners are not established.",
          "Annual report prints identical names for the two rows; account numbering is editorial only."
        ]
      },
      {
        "holder_id": "register-02",
        "name": "J P Morgan Nominees Australia Pty Limited",
        "classification": "nominee_custodian",
        "shares": 931040550,
        "percentage": 20.75,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-07-31",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered intermediary, nominee or control account; underlying beneficial owners are not established."
        ]
      },
      {
        "holder_id": "register-03",
        "name": "Citicorp Nominees Pty Ltd",
        "classification": "nominee_custodian",
        "shares": 526373415,
        "percentage": 11.73,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-07-31",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered intermediary, nominee or control account; underlying beneficial owners are not established."
        ]
      },
      {
        "holder_id": "register-04",
        "name": "South Africa Control A/C",
        "classification": "nominee_custodian",
        "shares": 319279592,
        "percentage": 7.12,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-07-31",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered intermediary, nominee or control account; underlying beneficial owners are not established."
        ]
      },
      {
        "holder_id": "register-05",
        "name": "BNP Paribas Noms Pty Ltd",
        "classification": "nominee_custodian",
        "shares": 135040945,
        "percentage": 3.01,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-07-31",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered intermediary, nominee or control account; underlying beneficial owners are not established."
        ]
      },
      {
        "holder_id": "register-06",
        "name": "Citicorp Nominees Pty Limited <Citibank NY ADR Dep A/C>",
        "classification": "nominee_custodian",
        "shares": 85782930,
        "percentage": 1.91,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-07-31",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered intermediary, nominee or control account; underlying beneficial owners are not established."
        ]
      },
      {
        "holder_id": "register-07",
        "name": "Computershare Clearing Pty Ltd <CCNL DI A/C>",
        "classification": "nominee_custodian",
        "shares": 72527302,
        "percentage": 1.62,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-07-31",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered intermediary, nominee or control account; underlying beneficial owners are not established."
        ]
      },
      {
        "holder_id": "register-08",
        "name": "BNP Paribas Nominees Pty Ltd <Agency Lending A/C>",
        "classification": "nominee_custodian",
        "shares": 53247044,
        "percentage": 1.19,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-07-31",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered intermediary, nominee or control account; underlying beneficial owners are not established."
        ]
      },
      {
        "holder_id": "register-09",
        "name": "HSBC Custody Nominees (Australia) Limited <NT-Comnwlth Super Corp A/C>",
        "classification": "nominee_custodian",
        "shares": 32836000,
        "percentage": 0.73,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-07-31",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered intermediary, nominee or control account; underlying beneficial owners are not established."
        ]
      },
      {
        "holder_id": "register-10",
        "name": "BNP Paribas Nominees Pty Ltd <Hub24 Custodial Serv Ltd>",
        "classification": "nominee_custodian",
        "shares": 29095496,
        "percentage": 0.65,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-07-31",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered intermediary, nominee or control account; underlying beneficial owners are not established."
        ]
      },
      {
        "holder_id": "register-11",
        "name": "Netwealth Investments Limited <Wrap Services A/C>",
        "classification": "nominee_custodian",
        "shares": 14728387,
        "percentage": 0.33,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-07-31",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered intermediary, nominee or control account; underlying beneficial owners are not established."
        ]
      },
      {
        "holder_id": "register-12",
        "name": "HSBC Custody Nominees (Australia) Limited — account 2",
        "classification": "nominee_custodian",
        "shares": 12845571,
        "percentage": 0.29,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-07-31",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered intermediary, nominee or control account; underlying beneficial owners are not established.",
          "Annual report prints identical names for the two rows; account numbering is editorial only."
        ]
      },
      {
        "holder_id": "register-13",
        "name": "BNP Paribas Nominees Pty Ltd <Clearstream>",
        "classification": "nominee_custodian",
        "shares": 9865202,
        "percentage": 0.22,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-07-31",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered intermediary, nominee or control account; underlying beneficial owners are not established."
        ]
      },
      {
        "holder_id": "register-14",
        "name": "BNP Paribas Noms Ltd <NZ>",
        "classification": "nominee_custodian",
        "shares": 8890688,
        "percentage": 0.2,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-07-31",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered intermediary, nominee or control account; underlying beneficial owners are not established."
        ]
      },
      {
        "holder_id": "register-15",
        "name": "Merrill Lynch (Australia) Nominees Pty Limited",
        "classification": "nominee_custodian",
        "shares": 7915153,
        "percentage": 0.18,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-07-31",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered intermediary, nominee or control account; underlying beneficial owners are not established."
        ]
      },
      {
        "holder_id": "register-16",
        "name": "BNP Paribas Nominees Pty Ltd <IB AU Noms Retailclient>",
        "classification": "nominee_custodian",
        "shares": 4934747,
        "percentage": 0.11,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-07-31",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered intermediary, nominee or control account; underlying beneficial owners are not established."
        ]
      },
      {
        "holder_id": "register-17",
        "name": "Palm Beach Nominees Pty Limited",
        "classification": "nominee_custodian",
        "shares": 4863155,
        "percentage": 0.11,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-07-31",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered intermediary, nominee or control account; underlying beneficial owners are not established."
        ]
      },
      {
        "holder_id": "register-18",
        "name": "HSBC Custody Nominees (Australia) Limited - A/C 2",
        "classification": "nominee_custodian",
        "shares": 4771964,
        "percentage": 0.11,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-07-31",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered intermediary, nominee or control account; underlying beneficial owners are not established."
        ]
      },
      {
        "holder_id": "register-19",
        "name": "CPU Share Plans Pty Ltd <S32 ASP Unallocated A/C>",
        "classification": "nominee_custodian",
        "shares": 4646267,
        "percentage": 0.1,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-07-31",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered intermediary, nominee or control account; underlying beneficial owners are not established."
        ]
      },
      {
        "holder_id": "register-20",
        "name": "HSBC Custody Nominees (Australia) Limited - GSCO ECA",
        "classification": "nominee_custodian",
        "shares": 4595008,
        "percentage": 0.1,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-07-31",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered intermediary, nominee or control account; underlying beneficial owners are not established."
        ]
      }
    ]
  },
  "substantial_holders": [
    {
      "holder_id": "australiansuper",
      "name": "AustralianSuper Pty Ltd",
      "classification": "reporting_group",
      "shares": 370297304,
      "percentage": 8.26,
      "percentage_basis": "voting_power",
      "as_of_date": "2026-10-07",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "super-20261009"
      ],
      "notes": [
        "Relevant interest through JPMorgan nominees; overlap with the register is possible."
      ]
    },
    {
      "holder_id": "state-street",
      "name": "State Street Corporation and subsidiaries",
      "classification": "reporting_group",
      "shares": 323252419,
      "percentage": 7.21,
      "percentage_basis": "voting_power",
      "as_of_date": "2026-09-21",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "state-20260923"
      ],
      "notes": [
        "Investment management and lending relevant interests may overlap other groups and registered accounts."
      ]
    },
    {
      "holder_id": "vanguard",
      "name": "Vanguard Group and controlled entities",
      "classification": "reporting_group",
      "shares": 276360221,
      "percentage": 6.102,
      "percentage_basis": "voting_power",
      "as_of_date": "2024-01-24",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "vanguard-20240131"
      ],
      "notes": [
        "The notice separately mentions 102,388 ADRs; ordinary-share figure and percentage are historical and ownership or group structure may have changed."
      ]
    }
  ],
  "sources": [
    {
      "source_id": "annual-2026",
      "title": "2026 Annual Report",
      "publisher": "South32 Limited",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03126787-6A1340564",
      "publication_date": "2026-08-27",
      "accessed_date": "2026-10-31",
      "locator": "downloads/S32/2026/2026-08-27_2026 Annual Report_fb1962e4b9c36b1c.pdf, PDF pages 254–255",
      "detail": "Lists issued capital, complete top 20 register and last-notified substantial holders."
    },
    {
      "source_id": "super-20261009",
      "title": "Change in substantial holding — AustralianSuper",
      "publisher": "AustralianSuper Pty Ltd via ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03146679-6A1348508",
      "publication_date": "2026-10-09",
      "accessed_date": "2026-10-31",
      "locator": "downloads/S32/2026/2026-10-09_Change in substantial holding_5e723988a7a96f88.pdf, page 1",
      "detail": "Form 604 reports relevant interest on 7 October 2026."
    },
    {
      "source_id": "state-20260923",
      "title": "Change in substantial holding — State Street",
      "publisher": "State Street Corporation via ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03138926-6A1345278",
      "publication_date": "2026-09-23",
      "accessed_date": "2026-10-31",
      "locator": "downloads/S32/2026/2026-09-23_Change in substantial holding_c25f698216a210b7.pdf, page 1",
      "detail": "Form 604 reports relevant interest on 21 September 2026."
    },
    {
      "source_id": "vanguard-20240131",
      "title": "Change in substantial holding — Vanguard",
      "publisher": "The Vanguard Group via ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02767187-6A1191677",
      "publication_date": "2024-01-31",
      "accessed_date": "2026-10-31",
      "locator": "downloads/S32/2024/2024-01-31_Change in substantial holding_fefb3e5eb85f7536.pdf, page 1",
      "detail": "Form 604 reports relevant interest on 24 January 2024."
    }
  ],
  "limitations": [
    "Register issued shares and accounts are dated 31 July 2026; subsequent buybacks or transactions may change both.",
    "BlackRock is identified in the annual report as last advising 318,403,413 ordinary shares and 6.84% in a notice received 8 December 2021. The original notice and actual measurement date were not located; this historical position is not entered as a current dated group.",
    "The annual report additionally states that 230 BlackRock ADS represent an additional 0.11%; this appears arithmetically inconsistent with five ordinary shares per ADS and remains unresolved.",
    "Vanguard disclosure is from January 2024; manager holdings, reporting entities and voting power can change without a new notice.",
    "Macquarie ceased being substantial on 10 February 2026, which does not mean its holding was zero.",
    "Nominee and control accounts may comprise multiple beneficial owners and may overlap reported groups."
  ]
}