PLATINUM INVESTMENT MANAGEMENT LTD
CIK 0001256071
Annualised vol
12.456296%
Beta
0.522928
HHI
283.742488
Top-10 weight
38.932794%
VaR 95%
1.205576%
VaR 99%
2.030375%
Max drawdown
20.850533%
Matched value
89.804807%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| ZTO | UNCHANGED | 1,994,127 | 1,994,127 | 0.0% | 44,628,562 |
| MU | REDUCED | 17,782 | 23,656 | -24.83% | 20,525,585 |
| LRCX | UNCHANGED | 46,439 | 46,439 | 0.0% | 20,123,412 |
| TCOM | REDUCED | 351,921 | 379,718 | -7.32% | 14,020,533 |
| DDL | UNCHANGED | 6,486,507 | 6,486,507 | 0.0% | 12,518,959 |
| AVGO | UNCHANGED | 26,186 | 26,186 | 0.0% | 9,891,762 |
| BIRK | REDUCED | 210,000 | 275,000 | -23.64% | 9,036,300 |
| AZN | UNCHANGED | 48,088 | 48,088 | 0.0% | 8,997,357 |
| GOOGL | REDUCED | 24,592 | 36,592 | -32.79% | 8,689,091 |
| MRK | UNCHANGED | 63,316 | 63,316 | 0.0% | 8,136,106 |
| ABBV | UNCHANGED | 30,102 | 30,102 | 0.0% | 7,574,867 |
| JNJ | UNCHANGED | 27,830 | 27,830 | 0.0% | 7,067,985 |
| YUM | UNCHANGED | 39,847 | 39,847 | 0.0% | 6,369,941 |
| PDD | UNCHANGED | 78,445 | 78,445 | 0.0% | 5,983,785 |
| COGT | ADDED | 154,220 | 112,066 | 37.62% | 5,968,314 |
| UBS | UNCHANGED | 117,507 | 117,507 | 0.0% | 5,834,569 |
| NVDA | UNCHANGED | 28,191 | 28,191 | 0.0% | 5,640,737 |
| IMVT | REDUCED | 144,671 | 181,774 | -20.41% | 5,574,174 |
| IDYA | ADDED | 138,708 | 91,637 | 51.37% | 5,169,647 |
| HTHT | UNCHANGED | 117,996 | 117,996 | 0.0% | 4,922,793 |
| VERA | UNCHANGED | 113,687 | 113,687 | 0.0% | 4,878,309 |
| GPCR | ADDED | 90,363 | 66,864 | 35.14% | 4,849,782 |
| V | REDUCED | 14,000 | 15,000 | -6.67% | 4,803,260 |
| CAT | REDUCED | 4,500 | 8,500 | -47.06% | 4,792,050 |
| RCI | UNCHANGED | 147,160 | 147,160 | 0.0% | 4,785,708 |
| AS | REDUCED | 140,000 | 150,000 | -6.67% | 4,737,600 |
| KR | ADDED | 81,305 | 60,743 | 33.85% | 4,514,867 |
| KLAC | ADDED | 14,580 | 1,458 | 900.0% | 4,398,932 |
| CCJ | UNCHANGED | 42,356 | 42,356 | 0.0% | 4,314,382 |
| AMD | UNCHANGED | 7,210 | 7,210 | 0.0% | 4,188,361 |
| RCUS | UNCHANGED | 134,217 | 134,217 | 0.0% | 4,137,910 |
| ADBE | UNCHANGED | 18,571 | 18,571 | 0.0% | 3,807,426 |
| META | ADDED | 6,500 | 5,000 | 30.0% | 3,661,385 |
| PALI | ADDED | 1,730,866 | 1,231,414 | 40.56% | 3,617,510 |
| BROS | REDUCED | 50,000 | 52,500 | -4.76% | 3,590,500 |
| FICO | REDUCED | 3,000 | 3,400 | -11.76% | 3,584,340 |
| GEV | UNCHANGED | 3,047 | 3,047 | 0.0% | 3,579,798 |
| HD | REDUCED | 10,000 | 11,500 | -13.04% | 3,526,800 |
| VAL | UNCHANGED | 45,956 | 45,956 | 0.0% | 3,336,406 |
| ELF | REDUCED | 45,000 | 72,500 | -37.93% | 3,330,000 |
| CAVA | REDUCED | 42,000 | 45,000 | -6.67% | 3,296,160 |
| DFTX | UNCHANGED | 70,000 | 70,000 | 0.0% | 3,292,800 |
| ROIV | UNCHANGED | 92,397 | 92,397 | 0.0% | 3,269,930 |
| TRU | UNCHANGED | 44,595 | 44,595 | 0.0% | 3,217,083 |
| RVMD | REDUCED | 16,994 | 20,813 | -18.35% | 3,182,636 |
| DDOG | NEW | 12,000 | - | - | 3,124,320 |
| BBIO | REDUCED | 39,742 | 49,269 | -19.34% | 2,959,984 |
| WING | ADDED | 17,000 | 12,000 | 41.67% | 2,947,970 |
| ECHO | ADDED | 27,509 | 12,509 | 119.91% | 2,792,164 |
| VRT | REDUCED | 8,286 | 10,127 | -18.18% | 2,774,319 |
| ABSI | UNCHANGED | 237,764 | 237,764 | 0.0% | 2,755,685 |
| ZYME | UNCHANGED | 105,184 | 105,184 | 0.0% | 2,749,510 |
| MSI | UNCHANGED | 6,302 | 6,302 | 0.0% | 2,617,158 |
| MBX | UNCHANGED | 43,597 | 43,597 | 0.0% | 2,406,554 |
| BKNG | ADDED | 12,500 | 500 | 2400.0% | 2,228,000 |
| ADI | NEW | 5,485 | - | - | 2,178,477 |
| NFLX | REDUCED | 30,000 | 50,023 | -40.03% | 2,142,000 |
| NOW | NEW | 20,000 | - | - | 1,985,600 |
| DASH | NEW | 10,000 | - | - | 1,845,300 |
| CCCC | UNCHANGED | 384,766 | 384,766 | 0.0% | 1,796,857 |
| PANW | NEW | 4,766 | - | - | 1,625,301 |
| WVE | UNCHANGED | 275,269 | 275,269 | 0.0% | 1,599,313 |
| DRUG | UNCHANGED | 19,127 | 19,127 | 0.0% | 1,342,715 |
| STOK | UNCHANGED | 40,815 | 40,815 | 0.0% | 1,335,467 |
| CSGP | REDUCED | 40,000 | 77,500 | -48.39% | 1,132,800 |
| ATEN | NEW | 28,630 | - | - | 1,069,617 |
| XYZ | NEW | 12,500 | - | - | 950,000 |
| AURA | UNCHANGED | 111,865 | 111,865 | 0.0% | 794,242 |
| JD | UNCHANGED | 28,650 | 28,650 | 0.0% | 730,002 |
| ZTS | REDUCED | 10,000 | 42,000 | -76.19% | 718,600 |
| SPGI | NEW | 1,685 | - | - | 686,233 |
| ADCT | REDUCED | 581,609 | 990,778 | -41.3% | 622,322 |
| CDXS | UNCHANGED | 264,464 | 264,464 | 0.0% | 597,689 |
| INBX | NEW | 6,146 | - | - | 582,334 |
| SKYE | UNCHANGED | 233,095 | 233,095 | 0.0% | 161,605 |
| BCYC | CLOSED OUT | 0 | 184,603 | -100.0% | 0 |
| ARVN | CLOSED OUT | 0 | 72,527 | -100.0% | 0 |
| BSX | CLOSED OUT | 0 | 17,827 | -100.0% | 0 |
| GSAT | CLOSED OUT | 0 | 14,168 | -100.0% | 0 |
| MA | CLOSED OUT | 0 | 5,689 | -100.0% | 0 |
| ISRG | CLOSED OUT | 0 | 4,846 | -100.0% | 0 |
| MSFT | CLOSED OUT | 0 | 4,134 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| ZTO | UNCHANGED | ZTO EXPRESS CAYMAN INC | SPONSORED ADS A | 98980A105 | 44,628,562 | 10.97 | 1994127.0 |
| MU | REDUCED | MICRON TECHNOLOGY INC | COM | 595112103 | 20,525,585 | 5.05 | 17782.0 |
| LRCX | UNCHANGED | LAM RESEARCH CORP | COM NEW | 512807306 | 20,123,412 | 4.95 | 46439.0 |
| TCOM | REDUCED | TRIP COM GROUP LTD | ADS | 89677Q107 | 14,020,533 | 3.45 | 351921.0 |
| DDL | UNCHANGED | DINGDONG CAYMAN LTD | ADS | 25445D101 | 12,518,959 | 3.08 | 6486507.0 |
| - | NOAH HLDGS LTD | SPON ADS | 65487X102 | 9,926,184 | 2.44 | 993612.0 | |
| AVGO | UNCHANGED | BROADCOM INC | COM | 11135F101 | 9,891,762 | 2.43 | 26186.0 |
| BIRK | REDUCED | BIRKENSTOCK HOLDING PLC | COM SHS | M2029K104 | 9,036,300 | 2.22 | 210000.0 |
| AZN | UNCHANGED | ASTRAZENECA PLC | ORD | G0593M107 | 8,997,357 | 2.21 | 48088.0 |
| GOOGL | REDUCED | ALPHABET INC | CAP STK CL C | 02079K107 | 8,689,091 | 2.14 | 24592.0 |
| MRK | UNCHANGED | MERCK & CO INC | COM | 58933Y105 | 8,136,106 | 2.0 | 63316.0 |
| - | APOGEE THERAPEUTICS INC | COM | 03770N101 | 7,740,017 | 1.9 | 58314.0 | |
| ABBV | UNCHANGED | ABBVIE INC | COM | 00287Y109 | 7,574,867 | 1.86 | 30102.0 |
| JNJ | UNCHANGED | JOHNSON & JOHNSON | COM | 478160104 | 7,067,985 | 1.74 | 27830.0 |
| YUM | UNCHANGED | YUM BRANDS INC | COM | 988498101 | 6,369,941 | 1.57 | 39847.0 |
| PDD | UNCHANGED | PDD HOLDINGS INC | SPONSORED ADS | 722304102 | 5,983,785 | 1.47 | 78445.0 |
| COGT | ADDED | COGENT BIOSCIENCES INC | COM | 19240Q201 | 5,968,314 | 1.47 | 154220.0 |
| UBS | UNCHANGED | UBS GROUP AG | SHS | H42097107 | 5,834,569 | 1.43 | 117507.0 |
| NVDA | UNCHANGED | NVIDIA CORPORATION | COM | 67066G104 | 5,640,737 | 1.39 | 28191.0 |
| IMVT | REDUCED | IMMUNOVANT INC | COM | 45258J102 | 5,574,174 | 1.37 | 144671.0 |
| - | ARROWHEAD PHARMACEUTICALS IN | COM | 04280A100 | 5,277,936 | 1.3 | 64752.0 | |
| IDYA | ADDED | IDEAYA BIOSCIENCES INC | COM | 45166A102 | 5,169,647 | 1.27 | 138708.0 |
| - | IQVIA HLDGS INC | COM | 46266C105 | 5,160,520 | 1.27 | 26708.0 | |
| HTHT | UNCHANGED | H WORLD GROUP LTD | SPONSORED ADS | 44332N106 | 4,922,793 | 1.21 | 117996.0 |
| VERA | UNCHANGED | VERA THERAPEUTICS INC | CL A | 92337R101 | 4,878,309 | 1.2 | 113687.0 |
| GPCR | ADDED | STRUCTURE THERAPEUTICS INC | SPONSORED ADS | 86366E106 | 4,849,782 | 1.19 | 90363.0 |
| V | REDUCED | VISA INC | COM CL A | 92826C839 | 4,803,260 | 1.18 | 14000.0 |
| CAT | REDUCED | CATERPILLAR INC | COM | 149123101 | 4,792,050 | 1.18 | 4500.0 |
| RCI | UNCHANGED | ROGERS COMMUNICATIONS INC | CL B | 775109200 | 4,785,708 | 1.18 | 147160.0 |
| AS | REDUCED | AMER SPORTS INC | COM SHS | G0260P102 | 4,737,600 | 1.16 | 140000.0 |
| KR | ADDED | KROGER CO | COM | 501044101 | 4,514,867 | 1.11 | 81305.0 |
| KLAC | ADDED | KLA CORP | COM NEW | 482480100 | 4,398,932 | 1.08 | 14580.0 |
| CCJ | UNCHANGED | CAMECO CORP | COM | 13321L108 | 4,314,382 | 1.06 | 42356.0 |
| AMD | UNCHANGED | ADVANCED MICRO DEVICES INC | COM | 007903107 | 4,188,361 | 1.03 | 7210.0 |
| RCUS | UNCHANGED | ARCUS BIOSCIENCES INC | COM | 03969F109 | 4,137,910 | 1.02 | 134217.0 |
| ADBE | UNCHANGED | ADOBE INC | COM | 00724F101 | 3,807,426 | 0.94 | 18571.0 |
| - | FLOOR & DECOR HLDGS INC | CL A | 339750101 | 3,710,000 | 0.91 | 62500.0 | |
| META | ADDED | META PLATFORMS INC | CL A | 30303M102 | 3,661,385 | 0.9 | 6500.0 |
| PALI | ADDED | PALISADE BIO INC | COM | 696389402 | 3,617,510 | 0.89 | 1730866.0 |
| BROS | REDUCED | DUTCH BROS INC | CL A | 26701L100 | 3,590,500 | 0.88 | 50000.0 |
| FICO | REDUCED | FAIR ISAAC CORP | COM | 303250104 | 3,584,340 | 0.88 | 3000.0 |
| GEV | UNCHANGED | GE VERNOVA INC | COM | 36828A101 | 3,579,798 | 0.88 | 3047.0 |
| HD | REDUCED | HOME DEPOT INC | COM | 437076102 | 3,526,800 | 0.87 | 10000.0 |
| VAL | UNCHANGED | VALARIS LTD | CL A | G9460G101 | 3,336,406 | 0.82 | 45956.0 |
| ELF | REDUCED | E L F BEAUTY INC | COM | 26856L103 | 3,330,000 | 0.82 | 45000.0 |
| CAVA | REDUCED | CAVA GROUP INC | COM | 148929102 | 3,296,160 | 0.81 | 42000.0 |
| DFTX | UNCHANGED | DEFINIUM THERAPEUTICS INC | COM SHS | 24477V105 | 3,292,800 | 0.81 | 70000.0 |
| ROIV | UNCHANGED | ROIVANT SCIENCES LTD | SHS | G76279101 | 3,269,930 | 0.8 | 92397.0 |
| TRU | UNCHANGED | TRANSUNION | COM | 89400J107 | 3,217,083 | 0.79 | 44595.0 |
| RVMD | REDUCED | REVOLUTION MEDICINES INC | COM | 76155X100 | 3,182,636 | 0.78 | 16994.0 |
| DDOG | NEW | DATADOG INC | CL A COM | 23804L103 | 3,124,320 | 0.77 | 12000.0 |
| BBIO | REDUCED | BRIDGEBIO PHARMA INC | COM | 10806X102 | 2,959,984 | 0.73 | 39742.0 |
| WING | ADDED | WINGSTOP INC | COM | 974155103 | 2,947,970 | 0.72 | 17000.0 |
| - | INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 | 2,943,929 | 0.72 | 23913.0 | |
| ECHO | ADDED | ECHOSTAR CORP | CL A | 278768106 | 2,792,164 | 0.69 | 27509.0 |
| VRT | REDUCED | VERTIV HOLDINGS CO | COM CL A | 92537N108 | 2,774,319 | 0.68 | 8286.0 |
| ABSI | UNCHANGED | ABSCI CORPORATION | COM | 00091E109 | 2,755,685 | 0.68 | 237764.0 |
| ZYME | UNCHANGED | ZYMEWORKS INC | COM | 98985Y108 | 2,749,510 | 0.68 | 105184.0 |
| MSI | UNCHANGED | MOTOROLA SOLUTIONS INC | COM NEW | 620076307 | 2,617,158 | 0.64 | 6302.0 |
| MBX | UNCHANGED | MBX BIOSCIENCES INC | COM | 55287L101 | 2,406,554 | 0.59 | 43597.0 |
| BKNG | ADDED | BOOKING HOLDINGS INC | COM | 09857L108 | 2,228,000 | 0.55 | 12500.0 |
| ADI | NEW | ANALOG DEVICES INC | COM | 032654105 | 2,178,477 | 0.54 | 5485.0 |
| - | PROQR THRAPEUTICS N V | SHS EURO | N71542109 | 2,156,536 | 0.53 | 1159428.0 | |
| NFLX | REDUCED | NETFLIX INC. | COM | 64110L106 | 2,142,000 | 0.53 | 30000.0 |
| NOW | NEW | SERVICENOW INC | COM | 81762P102 | 1,985,600 | 0.49 | 20000.0 |
| DASH | NEW | DOORDASH INC | CL A | 25809K105 | 1,845,300 | 0.45 | 10000.0 |
| CCCC | UNCHANGED | C4 THERAPEUTICS INC | COM STK | 12529R107 | 1,796,857 | 0.44 | 384766.0 |
| PANW | NEW | PALO ALTO NETWORKS INC | COM | 697435105 | 1,625,301 | 0.4 | 4766.0 |
| WVE | UNCHANGED | WAVE LIFE SCIENCES LTD | SHS | Y95308105 | 1,599,313 | 0.39 | 275269.0 |
| - | IDEXX LABS INC | COM | 45168D104 | 1,526,676 | 0.38 | 2900.0 | |
| DRUG | UNCHANGED | BRIGHT MINDS BIOSCIENCES INC | COM NEW | 10919W405 | 1,342,715 | 0.33 | 19127.0 |
| STOK | UNCHANGED | STOKE THERAPEUTICS INC | COM | 86150R107 | 1,335,467 | 0.33 | 40815.0 |
| - | M-TRON INDS INC | COM | 55380K109 | 1,272,987 | 0.31 | 12839.0 | |
| CSGP | REDUCED | COSTAR GROUP INC | COM | 22160N109 | 1,132,800 | 0.28 | 40000.0 |
| ATEN | NEW | A10 NETWORKS INC | COM | 002121101 | 1,069,617 | 0.26 | 28630.0 |
| XYZ | NEW | BLOCK INC | CL A | 852234103 | 950,000 | 0.23 | 12500.0 |
| AURA | UNCHANGED | AURA BIOSCIENCES INC | COM | 05153U107 | 794,242 | 0.2 | 111865.0 |
| JD | UNCHANGED | JD.COM INC | SPON ADS CL A | 47215P106 | 730,002 | 0.18 | 28650.0 |
| ZTS | REDUCED | ZOETIS INC | CL A | 98978V103 | 718,600 | 0.18 | 10000.0 |
| SPGI | NEW | S&P GLOBAL INC | COM | 78409V104 | 686,233 | 0.17 | 1685.0 |
| ADCT | REDUCED | ADC THERAPEUTICS SA | SHS | H0036K147 | 622,322 | 0.15 | 581609.0 |
| CDXS | UNCHANGED | CODEXIS INC | COM | 192005106 | 597,689 | 0.15 | 264464.0 |
| INBX | NEW | INHIBRX BIOSCIENCES INC | COM | 45720N103 | 582,334 | 0.14 | 6146.0 |
| - | ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | 411,082 | 0.1 | 4283.0 | |
| SKYE | UNCHANGED | SKYE BIOSCIENCE INC | COM NEW | 83086J200 | 161,605 | 0.04 | 233095.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-13 | 406,746,419 | 85 | 12.456296 | 0.522928 | 20.850533 |
| 2026-03-31 | 2026-05-14 | 396,751,545 | 89 | 9.946335 | 0.421695 | 18.004578 |
| 2025-12-31 | 2026-02-13 | 432,682,837 | 124 | 10.439983 | 0.452427 | 18.163079 |
| 2025-09-30 | 2025-11-13 | 1,546,985,529 | 120 | 12.77622 | 0.585117 | 19.398416 |
| 2025-03-31 | 2025-05-15 | 1,725,746,332 | 115 | 12.491573 | 0.54249 | 17.676269 |
| 2024-12-31 | 2025-02-11 | 1,702,308,254 | 115 | 10.773076 | 0.469009 | 19.785377 |