PLATINUM INVESTMENT MANAGEMENT LTD

CIK

1256071

Location

SYDNEY AUSTRALIA 2000, C3

Portfolio Value

Small $389,973,363

Diversification

Diversified

Filing Date

Global Rank

#2,703 / 8,232 ▲ 31

Top Industry

Biotechnology 19.1%

3Y Alpha vs SPY

-3.7%

Period ended 2 months ago

Filed May 14, 2026 · 31d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+60.7%

SPY

+76.3%

Annualised alpha

-3.7%

Max drawdown

−30.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

88 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

12.9%

+2.9 pts

Top 5

27.1%

+0.6 pts

Top 10

38.2%

+1.6 pts

HHI

310

Diversified+40

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	31.1%	$121,393,441	40
Consumer Cyclical	18.8%	$73,490,364	15
Industrials	15.7%	$61,411,435	4
Technology	12.3%	$48,150,718	11
Financial Services	7.3%	$28,650,485	6
Consumer Defensive	6.5%	$25,459,910	3
Communication Services	4.9%	$19,184,849	6
Energy	2.3%	$9,105,811	2
Real Estate	0.8%	$3,126,350	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

16 positions

Ticker	Company	Δ Shares	Shares	Value
PALI	Palisade Bio, Inc.	+567,327	1,231,414	$2,154,974
WVE	Wave Life Sciences Ltd.	+44,582	275,269	$1,995,700
ELF	e.l.f. Beauty, Inc.	+30,500	72,500	$4,394,225
BIRK	Birkenstock Holding plc	+27,400	275,000	$9,853,250
DDL	Dingdong (Cayman) Ltd	+25,618	6,486,507	$16,670,322
BROS	Dutch Bros Inc.	+15,000	52,500	$2,659,650
CSGP	Costar Group, Inc.	+12,500	77,500	$3,126,350
CAVA	Cava Group, Inc.	+7,500	45,000	$3,640,500
ADBE	Adobe Inc.	+4,725	18,571	$4,514,238
WING	Wingstop Inc.	+4,000	12,000	$1,859,640
CAT	Caterpillar Inc	+3,000	8,500	$6,021,910
RVMD	Revolution Medicines, Inc.	+2,161	20,813	$2,024,064
MSI	Motorola Solutions, Inc.	+2,027	6,302	$2,734,878
BBIO	BridgeBio Pharma, Inc.	+1,513	49,269	$3,658,715
V	Visa Inc.	+300	15,000	$4,533,600
BKNG	Booking Holdings Inc.	+300	500	$2,105,159
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ROIV	Roivant Sciences Ltd.	−96,749	92,397	$2,559,396
NOAH	Noah Holdings Ltd	−65,300	993,612	$9,836,758
TCOM	Trip.com Group Ltd	−64,000	379,718	$18,906,159
IDYA	IDEAYA Biosciences, Inc.	−28,967	91,637	$3,053,344
ARWR	Arrowhead Pharmaceuticals, Inc.	−24,732	64,752	$4,059,950
GPCR	Structure Therapeutics Inc.	−21,010	66,864	$3,222,844
CNTA	Centessa Pharmaceuticals plc	−17,360	137,741	$5,471,072
MOD	Modine Manufacturing Co	−13,822	3,633	$787,307
APGE	Apogee Therapeutics, Inc.	−10,898	58,314	$4,908,289
AS	Amer Sports, Inc.	−10,000	150,000	$4,938,000
LRCX	Lam Research Corp	−9,406	46,439	$9,922,156
COGT	Cogent Biosciences, Inc.	−9,163	112,066	$4,313,420
ICE	Intercontinental Exchange, Inc.	−7,943	23,913	$3,761,036
KR	Kroger Co	−5,923	60,743	$4,395,363
VERA	Vera Therapeutics, Inc.	−5,697	113,687	$4,573,628
AVGO	Broadcom Inc.	−4,688	26,186	$8,104,828
MSFT	Microsoft Corp	−4,439	4,134	$1,530,282
GOOGL	Alphabet Inc.	−4,000	12,000	$3,450,720
DRUG	Bright Minds Biosciences Inc.	−2,603	19,127	$1,395,697
JD	JD.com, Inc.	−2,203	28,650	$847,180
META	Meta Platforms, Inc.	−2,000	5,000	$2,860,650
VRT	Vertiv Holdings Co	−1,918	10,127	$2,537,623
HD	Home Depot, Inc.	−1,800	11,500	$3,782,235
BSX	Boston Scientific Corp	−1,727	17,827	$1,118,644
FND	Floor & Decor Holdings, Inc.	−1,400	67,500	$3,429,000
No positions match the current search.

New Positions

Positions the filer opened this quarter

7 positions

Ticker	Company	Shares	Value
AZN	Astrazeneca PLC	48,088	$9,483,915
NFLX	Netflix Inc	50,023	$4,809,711
SATS	EchoStar CORP	12,509	$1,464,428
DFTX	Definium Therapeutics, Inc.	70,000	$1,323,000
APH	Amphenol Corp /De/	9,440	$1,192,744
CCCC	C4 Therapeutics, Inc.	384,766	$1,011,934
GSAT	Globalstar, Inc.	14,168	$941,038
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
AMZN	Amazon Com Inc	31,080	$7,173,885
UBER	Uber Technologies, Inc	63,217	$5,165,461
WWW	Wolverine World Wide Inc /De/	200,000	$3,630,000
GOSS	Gossamer Bio, Inc.	561,951	$1,742,048
ANET	Arista Networks, Inc.	12,456	$1,632,109
SHOP	Shopify Inc.	8,161	$1,313,676
PSIX	Power Solutions International, Inc.	20,000	$1,142,800
CPNG	Coupang, Inc.	47,735	$1,126,068
MICC	Magnum Ice Cream Co N.V.	21,682	$343,659
PONY	Pony AI Inc.	16,552	$240,004
INTC	Intel Corp	5,453	$201,215
BCC	BOISE CASCADE Co	1,403	$103,260
JAZZ	Jazz Pharmaceuticals plc	452	$76,840
OMF	OneMain Holdings, Inc.	1,091	$73,697
GT	Goodyear Tire & Rubber Co /Oh/	8,244	$72,217
HUN	Huntsman CORP	6,761	$67,610
CLB	Core Laboratories Inc. /DE/	4,196	$67,261
MTDR	Matador Resources Co	1,573	$66,758
VIST	Vista Energy, S.A.B. de C.V.	1,370	$66,664
UNH	Unitedhealth Group Inc	201	$66,352
WHR	Whirlpool Corp /De/	919	$66,296
CVS	CVS HEALTH Corp	830	$65,868
TGT	Target Corp	673	$65,785
DOW	Dow Inc.	2,798	$65,417
CPB	CAMPBELL'S Co	2,301	$64,128
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

88 positions · $389,973,363 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Showing 1–50 of 88 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
ZTO	ZTO Express (Cayman) Inc. Industrials	Held	1,994,127	0	$50,192,176	+20.5%	12.87%
TCOM	Trip.com Group Ltd Consumer Cyclical	Reduced	379,718	-64,000	$18,906,159	−40.7%	4.85%
DDL	Dingdong (Cayman) Ltd Consumer Defensive	Added	6,486,507	+25,618	$16,670,322	+3.6%	4.27%
LRCX	Lam Research Corp Technology	Reduced	46,439	-9,406	$9,922,156	+3.8%	2.54%
BIRK	Birkenstock Holding plc Consumer Cyclical	Added	275,000	+27,400	$9,853,250	−2.7%	2.53%
NOAH	Noah Holdings Ltd Financial Services	Reduced	993,612	-65,300	$9,836,758	−7.5%	2.52%
AZN	Astrazeneca PLC Healthcare	NEW	48,088	NEW	$9,483,915	NEW	2.43%
AVGO	Broadcom Inc. Technology	Reduced	26,186	-4,688	$8,104,828	−24.2%	2.08%
PDD	PDD Holdings Inc. Consumer Cyclical	Held	78,445	0	$8,015,510	−9.9%	2.06%
MU	Micron Technology Inc Technology	Reduced	23,656	-1,264	$7,991,943	+12.4%	2.05%
MRK	Merck & Co., Inc. Healthcare	Held	63,316	0	$7,616,281	+14.3%	1.95%
JNJ	Johnson & Johnson Healthcare	Held	27,830	0	$6,802,765	+18.1%	1.74%
ABBV	AbbVie Inc. Healthcare	Held	30,102	0	$6,546,883	−4.8%	1.68%
YUM	Yum Brands Inc Consumer Cyclical	Held	39,847	0	$6,195,411	+2.8%	1.59%
CAT	Caterpillar Inc Industrials	Added	8,500	+3,000	$6,021,910	+91.1%	1.54%
HTHT	H World Group Ltd Consumer Cyclical	Held	117,996	0	$5,934,018	+6.9%	1.52%
TERN	Terns Pharmaceuticals, Inc. Healthcare	Held	110,734	0	$5,837,896	+30.5%	1.50%
RCI	Rogers Communications Inc Communication Services	Held	147,160	0	$5,658,302	+1.9%	1.45%
CNTA	Centessa Pharmaceuticals plc Healthcare	Reduced	137,741	-17,360	$5,471,072	+41.0%	1.40%
ZTS	Zoetis Inc. Healthcare	Held	42,000	0	$4,964,820	−6.0%	1.27%
AS	Amer Sports, Inc. Consumer Cyclical	Reduced	150,000	-10,000	$4,938,000	−17.4%	1.27%
NVDA	Nvidia Corp Technology	Held	28,191	0	$4,916,510	−6.5%	1.26%
APGE	Apogee Therapeutics, Inc. Healthcare	Reduced	58,314	-10,898	$4,908,289	−6.0%	1.26%
NFLX	Netflix Inc Communication Services	NEW	50,023	NEW	$4,809,711	NEW	1.23%
CCJ	Cameco Corp Energy	Held	42,356	0	$4,600,285	+18.7%	1.18%
UBS	UBS Group AG Financial Services	Held	117,507	0	$4,590,998	−15.6%	1.18%
VERA	Vera Therapeutics, Inc. Healthcare	Reduced	113,687	-5,697	$4,573,628	−24.3%	1.17%
IQV	Iqvia Holdings Inc. Healthcare	Held	26,708	0	$4,554,782	−24.3%	1.17%
V	Visa Inc. Financial Services	Added	15,000	+300	$4,533,600	−12.1%	1.16%
IMVT	Immunovant, Inc. Healthcare	Held	181,774	0	$4,515,266	−2.3%	1.16%
ADBE	Adobe Inc. Technology	Added	18,571	+4,725	$4,514,238	−6.8%	1.16%
VAL	Valaris Ltd Energy	Held	45,956	0	$4,505,526	+94.5%	1.16%
KR	Kroger Co Consumer Defensive	Reduced	60,743	-5,923	$4,395,363	+5.5%	1.13%
ELF	e.l.f. Beauty, Inc. Consumer Defensive	Added	72,500	+30,500	$4,394,225	+37.6%	1.13%
COGT	Cogent Biosciences, Inc. Healthcare	Reduced	112,066	-9,163	$4,313,420	+0.2%	1.11%
ARWR	Arrowhead Pharmaceuticals, Inc. Healthcare	Reduced	64,752	-24,732	$4,059,950	−31.7%	1.04%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	11,500	-1,800	$3,782,235	−17.4%	0.97%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	23,913	-7,943	$3,761,036	−27.1%	0.96%
ADCT	ADC Therapeutics SA Healthcare	Held	990,778	0	$3,715,417	+6.2%	0.95%
BBIO	BridgeBio Pharma, Inc. Healthcare	Added	49,269	+1,513	$3,658,715	+0.2%	0.94%
CAVA	Cava Group, Inc. Consumer Cyclical	Added	45,000	+7,500	$3,640,500	+65.4%	0.93%
FICO	Fair Isaac Corp Technology	Reduced	3,400	-459	$3,629,636	−44.4%	0.93%
GOOGL	Alphabet Inc. Communication Services	Reduced	12,000	-4,000	$3,450,720	−31.1%	0.88%
FND	Floor & Decor Holdings, Inc. Consumer Cyclical	Reduced	67,500	-1,400	$3,429,000	−18.3%	0.88%
GPCR	Structure Therapeutics Inc. Healthcare	Reduced	66,864	-21,010	$3,222,844	−47.3%	0.83%
CSGP	Costar Group, Inc. Real Estate	Added	77,500	+12,500	$3,126,350	−28.5%	0.80%
TRU	TransUnion Financial Services	Held	44,595	0	$3,085,528	−19.3%	0.79%
IDYA	IDEAYA Biosciences, Inc. Healthcare	Reduced	91,637	-28,967	$3,053,344	−26.8%	0.78%
RCUS	Arcus Biosciences, Inc. Healthcare	Held	134,217	0	$2,899,087	−9.4%	0.74%
META	Meta Platforms, Inc. Communication Services	Reduced	5,000	-2,000	$2,860,650	−38.1%	0.73%