SCHEDULE 13G/A: Caledonia Funds Disclose 4.92% Passive Stake in Coursera, Inc.

Caledonia (Private) Investments Pty Limited and Caledonia US, LP have jointly reported a passive beneficial ownership of 4.92% in Coursera, Inc. as of March 31, 2025.

Summary

• Caledonia (Private) Investments Pty Limited, an Australian entity, and Caledonia US, LP, a Delaware entity, are the reporting persons.
• They jointly beneficially own 7,924,641 shares of Coursera, Inc. Common Stock.
• This ownership represents 4.92% of Coursera's total outstanding common stock.
• The shares are held with shared voting power and shared dispositive power.
• The acquisition of these securities was made in the ordinary course of business and not for the purpose of changing or influencing the control of Coursera, Inc.
• This filing is an Amendment No. 3 to a previously filed Schedule 13G.

Sentiment

Score: 7

Explanation: The filing indicates a significant passive stake by a reputable investment firm, suggesting confidence in the issuer, without any negative disclosures. This is generally a neutral to slightly positive signal for the company.

Positives

• The disclosure of a significant passive stake by Caledonia, a reputable investment firm, indicates institutional confidence in Coursera, Inc.
• The explicit statement that the shares were acquired in the ordinary course of business and not for control suggests a stable, long-term investment perspective rather than activist intent.

Negatives

• The ownership percentage of 4.92% is below the 5% threshold, meaning it is a passive stake and does not grant significant influence or control over Coursera's operations or strategic direction.
• This type of filing (Schedule 13G) does not contain negative operational or financial information about the issuer, Coursera, Inc.

Risks

• No specific risks related to Coursera's operations, financial health, or strategic direction are disclosed in this beneficial ownership report. The inherent market risks associated with holding common stock apply.

Future Outlook

This document, a Schedule 13G, is a beneficial ownership report and does not provide any forward-looking statements or guidance regarding Coursera, Inc.'s future outlook.

Industry Context

This filing indicates continued institutional investor interest in Coursera, Inc., a prominent online learning platform. Such investments align with the broader industry trend of increasing digital adoption in education and professional development, reflecting investor confidence in the long-term growth potential of the EdTech sector.

Comparison to Industry Standards

• This document is a beneficial ownership report and does not provide specific financial or operational results that can be directly compared to industry standards or specific comparable companies/projects.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder, potentially reinforcing confidence in the stock.
• Employees, Customers, Suppliers, Creditors: This beneficial ownership report has no direct or immediate impact on these stakeholders, as it does not relate to Coursera's operations, financial performance, or strategic decisions.

Next Steps

• Caledonia (Private) Investments Pty Limited and Caledonia US, LP will continue to monitor their investment in Coursera, Inc. and will file updated Schedule 13G/A reports if their beneficial ownership percentage changes significantly (e.g., crosses a 1% threshold or exceeds 5%).

Key Dates

Keywords

Coursera, Caledonia, SEC filing, Schedule 13G, beneficial ownership, common stock, investment adviser, passive investment, education technology