ANTIPODES PARTNERS Ltd

Registered adviser

CIK

1652442

Location

ROYAL EXCHANGE, C3

Portfolio Value

Mid $5,457,485,555

Diversification

Diversified

Filing Date

Global Rank

#826 / 8,819 ▼ 57

Top Industry

Utilities - Regulated Electric 18.0%

Period ended 4 months ago

Filed Aug 6, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 299380

Roster of Oct 1, 2026

Regulatory AUM

$14,631,564,478

Main clients

Other (66% of AUM)

LEI

549300QKYNEBBVKNKX30

Private funds on Schedule D 7.B.(1)

As filed Sep 16, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

No private funds listed.

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Oct 2026	$14,631,564,478	Other (66%)
Dec 2025 to Sep 2026	$13,530,935,794	Pooled investment vehicles (70%)
Oct 2024 to Sep 2025	$6,300,000,000	Other (63%)
Oct 2023 to Sep 2024	$6,800,000,000	Other (63%)
May 2023 to Sep 2023	$6,364,000,000	Other (54%)
Oct 2022 to Apr 2023	$6,364,000,000	Other (54%)

3 earlier changes not shown.

Stated strategy

Long/short hedge, Fundamental active, Value Form ADV Part 2A, Sep 25, 2026 · original

In the firm's words

Long/short hedge: specializing in long short and long only global equity investments
Fundamental active: The team uses a fundamental bottom-up approach to identify the key drivers of the business
Value: A margin of safety, where the intrinsic value is materially different to the current market valuation

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 34.0%, 44.1 effective positions, active share 84.3% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

64.7% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 7.5 quarters, but 5.3% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2026-06-30, active share 84.3%; sector active share 39.8% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

130 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

4.4%

−0.4 pts

Top 5

19.0%

−1.1 pts

Top 10

34.0%

−1.4 pts

HHI

227

Diversified−17

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Utilities	27.9%	$1,521,150,520	14
Technology	14.3%	$780,247,883	22
Healthcare	11.5%	$628,665,422	42
Consumer Cyclical	9.8%	$533,593,414	7
Energy	8.4%	$457,662,652	8
Financial Services	7.5%	$410,387,064	7
Real Estate	4.7%	$254,738,421	4
Industrials	4.5%	$247,619,400	11
Basic Materials	4.0%	$216,442,451	5
Consumer Defensive	3.8%	$208,501,098	3
Communication Services	3.6%	$198,223,599	6
Unclassified	0.0%	$253,631	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
HUMA	Humacyte, Inc.	+4,379,897	10,103,647	$7,880,844
HDB	Hdfc Bank Ltd	+706,234	1,138,172	$29,398,982
EGO	Eldorado Gold Corp	+626,171	1,678,313	$52,178,750
NU	Nu Holdings Ltd.	+496,718	4,689,670	$62,653,991
GLOB	Globant S.A.	+277,446	651,466	$18,853,426
WTRG	Essential Utilities, Inc.	+247,471	3,266,286	$125,131,416
VAL	Valaris Ltd	+225,458	996,450	$72,342,270
NVDA	Nvidia Corp	+222,759	933,424	$186,768,808
COF	Capital One Financial Corp	+220,911	967,575	$194,114,896
EXC	Exelon Corp	+213,195	3,976,576	$185,387,973
DIS	Walt Disney Co	+143,579	801,100	$77,105,875
FRMI	Fermi Inc.	+133,611	209,485	$1,918,882
SLB	Slb Limited	+129,476	1,576,411	$73,287,347
LNG	Cheniere Energy, Inc.	+105,433	435,166	$104,009,025
META	Meta Platforms, Inc.	+85,677	181,943	$102,486,672
FER	Ferrovial N.V.	+83,485	2,677,153	$183,679,467
ROKU	Roku, Inc	+83,350	112,797	$15,581,777
NI	Nisource Inc.	+66,105	2,164,103	$102,903,097
SRE	Sempra	+50,765	1,773,357	$164,407,927
CCI	Crown Castle Inc.	+50,182	1,674,362	$126,799,434
CRM	Salesforce, Inc.	+43,826	502,872	$78,779,927
DUK	Duke Energy CORP	+36,396	813,926	$103,026,753
CHYM	Chime Financial, Inc.	+35,939	191,757	$3,927,183
SDRL	SEADRILL Ltd	+30,592	55,422	$2,096,060
CERT	Certara, Inc.	+22,545	83,677	$548,084
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ALLY	Ally Financial Inc.	−717,691	1,563,322	$71,834,645
UBS	UBS Group AG	−562,450	24,604	$1,219,374
HTO	H2o America	−489,427	1,759,602	$106,931,013
PCOR	Procore Technologies, Inc.	−466,698	12,048	$489,389
WDAY	Workday, Inc.	−465,543	158,768	$19,436,378
MRK	Merck & Co., Inc.	−343,757	1,097,509	$141,029,906
KDP	Keurig Dr Pepper Inc.	−321,553	2,027,028	$66,344,626
BKD	Brookdale Senior Living Inc.	−315,057	11,091,757	$178,466,370
CART	Maplebear Inc.	−219,224	2,140,349	$101,345,525
B	Barrick Mining Corp	−217,558	3,837,977	$140,968,894
TTE	TotalEnergies SE	−204,331	1,225,885	$95,324,817
AMZN	Amazon Com Inc	−200,281	996,493	$237,504,141
VTR	Ventas, Inc.	−199,508	592,870	$52,646,856
SUZ	Suzano S.A.	−187,095	70,035	$543,471
VLRS	Controladora Vuela Compania de Aviacion, S.A.B. de C.V.	−172,675	65,647	$615,112
MSFT	Microsoft Corp	−136,999	394,726	$147,240,692
EAT	Brinker International, Inc	−114,231	472,737	$79,419,816
AEP	American Electric Power Co Inc	−110,730	1,699,356	$232,488,894
DGX	Quest Diagnostics Inc	−84,804	77,785	$16,486,530
ETR	Entergy Corp	−77,140	1,085,598	$124,691,786
HON	Honeywell International Inc	−74,101	87,115	$19,505,048
BAND	Bandwidth Inc.	−66,354	82,551	$5,225,478
PGR	Progressive Corp	−65,644	228,468	$49,908,834
PDD	PDD Holdings Inc.	−61,791	4,974	$379,416
TH	Target Hospitality Corp.	−48,755	73,157	$1,489,476
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
BKNG	Booking Holdings Inc.	530,062	$94,174,745
—		815,441	$76,056,182
CWT	California Water Service Group	753,386	$36,652,228
DT	Dynatrace, Inc.	720,414	$31,633,378
TEL	TE Connectivity plc	119,417	$24,075,661
PFGC	Performance Food Group Co	183,730	$20,539,176
SWKS	Skyworks Solutions, Inc.	280,415	$19,012,137
BIIB	Biogen Inc.	86,827	$18,759,841
HONA	Honeywell Aerospace Inc.	81,593	$18,038,580
NCLH	Norwegian Cruise Line Holdings Ltd.	824,018	$17,395,019
GRAB	Grab Holdings Ltd	2,684,160	$10,119,283
LBRT	Liberty Energy Inc.	327,961	$8,589,298
Z	Zillow Group, Inc.	51,960	$1,637,779
VEEV	Veeva Systems Inc	6,776	$1,202,536
SMWB	Similarweb Ltd.	145,601	$892,534
MGNI	Magnite, Inc.	41,477	$787,233
ZG	Zillow Group, Inc.	19,900	$624,263
INIO	Innio N.V.	10,000	$395,500
AZN	Astrazeneca PLC	1,466	$277,982
LLY	ELI LILLY & Co	122	$146,330
UNH	Unitedhealth Group Inc	228	$94,763
ESTA	Establishment Labs Holdings Inc.	964	$82,720
ABT	Abbott Laboratories	734	$66,603
HUM	Humana Inc	112	$44,488
ELAN	Elanco Animal Health Inc	1,720	$42,329
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
ORCL	Oracle Corp	212,117	$31,204,531
COLD	Americold Realty Trust	1,159,803	$13,291,342
OTIS	Otis Worldwide Corp	61,687	$4,754,833
PSIX	Power Solutions International, Inc.	52,877	$3,219,151
AZO	Autozone Inc	640	$2,161,779
ALC	Alcon Inc	26,559	$2,001,220
LXU	Lsb Industries, Inc.	101,927	$1,518,712
STNE	StoneCo Ltd.	45,575	$643,519
LZ	Legalzoom.Com, Inc.	80,268	$455,119
CLPR	Clipper Realty Inc.	125,668	$379,517
VNET	VNET Group, Inc.	13,915	$116,746
GILD	Gilead Sciences, Inc.	557	$77,629
IRTC	iRhythm Holdings, Inc.	655	$77,303
REGN	Regeneron Pharmaceuticals, Inc.	97	$74,946
BSX	Boston Scientific Corp	1,128	$70,782
TEVA	Teva Pharmaceutical Industries Ltd	2,234	$67,288
TARS	Tarsus Pharmaceuticals, Inc.	555	$38,933
DXCM	Dexcom Inc	554	$34,791
IDYA	IDEAYA Biosciences, Inc.	917	$30,554
IRON	Disc Medicine, Inc.	476	$30,435
—		275	$28,174
—		455	$23,988
VRDN	Viridian Therapeutics, Inc.\DE	834	$16,313
ORIC	Oric Pharmaceuticals, Inc.	1,278	$16,192
BIOA	BioAge Labs, Inc.	915	$16,003
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

130 tracked positions · $5,457,485,555 total · filing declares 135 positions · $5,457,738,727 · as of Jun 30, 2026

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

Showing 1–50 of 130 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	996,493	-200,281	$237,504,141	−4.7%	13	$182.00	4.35%
AEP	American Electric Power Co Inc Utilities	Reduced	1,699,356	-110,730	$232,488,894	−2.0%	15	$99.99	4.26%
COF	Capital One Financial Corp Financial Services	Added	967,575	+220,911	$194,114,896	+42.5%	16	$149.36	3.56%
NVDA	Nvidia Corp Technology	Added	933,424	+222,759	$186,768,808	+50.7%	2	$188.75	3.42%
EXC	Exelon Corp Utilities	Added	3,976,576	+213,195	$185,387,973	+0.5%	6	$44.15	3.40%
FER	Ferrovial N.V. Industrials	Added	2,677,153	+83,485	$183,679,467	+8.9%	4	$55.81	3.37%
BKD	Brookdale Senior Living Inc. Healthcare	Reduced	11,091,757	-315,057	$178,466,370	+14.4%	9	$5.99	3.27%
SRE	Sempra Utilities	Added	1,773,357	+50,765	$164,407,927	−1.8%	4	$82.04	3.01%
MSFT	Microsoft Corp Technology	Reduced	394,726	-136,999	$147,240,692	−25.2%	26+	before history	2.70%
AEE	Ameren Corp Utilities	Added	1,285,233	+13,647	$145,282,738	+3.9%	10	$100.06	2.66%
MRK	Merck & Co., Inc. Healthcare	Reduced	1,097,509	-343,757	$141,029,906	−18.7%	26+	before history	2.58%
B	Barrick Mining Corp Basic Materials	Reduced	3,837,977	-217,558	$140,968,894	−14.8%	5	$19.55	2.58%
KEYS	Keysight Technologies, Inc. Technology	Reduced	374,565	-4,299	$131,123,969	+22.6%	8	$159.18	2.40%
CCI	Crown Castle Inc. Real Estate	Added	1,674,362	+50,182	$126,799,434	−4.0%	4	$98.10	2.32%
WTRG	Essential Utilities, Inc. Utilities	Added	3,266,286	+247,471	$125,131,416	+2.9%	4	$38.14	2.29%
ETR	Entergy Corp Utilities	Reduced	1,085,598	-77,140	$124,691,786	−4.6%	4	$88.29	2.28%
FMX	Mexican Economic Development Inc Consumer Defensive	Reduced	950,878	-45,682	$121,617,296	+9.9%	16	$89.30	2.23%
HCA	HCA Healthcare, Inc. Healthcare	Reduced	289,941	-1,511	$113,045,096	−18.0%	7	$323.46	2.07%
D	Dominion Energy, Inc Utilities	Added	1,612,527	+6,140	$110,119,468	+10.9%	6	$59.48	2.02%
HTO	H2o America Utilities	Reduced	1,759,602	-489,427	$106,931,013	−19.0%	3	$53.33	1.96%
LNG	Cheniere Energy, Inc. Energy	Added	435,166	+105,433	$104,009,025	+11.2%	4	$233.10	1.91%
DUK	Duke Energy CORP Utilities	Added	813,926	+36,396	$103,026,753	+1.2%	4	$121.67	1.89%
NI	Nisource Inc. Utilities	Added	2,164,103	+66,105	$102,903,097	+5.1%	4	$41.69	1.89%
META	Meta Platforms, Inc. Communication Services	Added	181,943	+85,677	$102,486,672	+86.1%	3	$641.26	1.88%
ENB	Enbridge Inc Energy	Reduced	1,878,276	-17,446	$101,821,341	−0.8%	4	$47.12	1.87%
CART	Maplebear Inc. Consumer Cyclical	Reduced	2,140,349	-219,224	$101,345,525	+14.7%	4	$38.93	1.86%
TTE	TotalEnergies SE Energy	Reduced	1,225,885	-204,331	$95,324,817	−26.7%	3	$63.59	1.75%
BKNG	Booking Holdings Inc. Consumer Cyclical	NEW	530,062	NEW	$94,174,745	NEW	1	unpriced	1.73%
EVRG	Evergy, Inc. Utilities	Reduced	972,170	-11,218	$84,024,653	+4.3%	4	$71.54	1.54%
EAT	Brinker International, Inc Consumer Cyclical	Reduced	472,737	-114,231	$79,419,816	−5.2%	5	$148.40	1.46%
CRM	Salesforce, Inc. Technology	Added	502,872	+43,826	$78,779,927	−8.1%	7	$244.34	1.44%
DIS	Walt Disney Co Communication Services	Added	801,100	+143,579	$77,105,875	+21.7%	2	$105.02	1.41%
		NEW	815,441	NEW	$76,056,182	NEW	1	$92.23	1.39%
AMT	American Tower Corp Real Estate	Added	448,574	+11,628	$73,373,249	−2.7%	4	$202.63	1.34%
SLB	Slb Limited Energy	Added	1,576,411	+129,476	$73,287,347	−1.4%	3	$43.51	1.34%
VAL	Valaris Ltd Energy	Added	996,450	+225,458	$72,342,270	−4.3%	7	$61.57	1.33%
ALLY	Ally Financial Inc. Financial Services	Reduced	1,563,322	-717,691	$71,834,645	−19.7%	8	$38.01	1.32%
GMED	Globus Medical Inc Healthcare	Added	905,984	+8,377	$71,581,795	−7.4%	6	$58.20	1.31%
KDP	Keurig Dr Pepper Inc. Consumer Defensive	Reduced	2,027,028	-321,553	$66,344,626	+7.3%	4	$29.59	1.22%
NU	Nu Holdings Ltd. Financial Services	Added	4,689,670	+496,718	$62,653,991	+4.0%	14	$13.22	1.15%
VTR	Ventas, Inc. Real Estate	Reduced	592,870	-199,508	$52,646,856	−18.8%	9	$48.13	0.96%
EGO	Eldorado Gold Corp Basic Materials	Added	1,678,313	+626,171	$52,178,750	+44.5%	8	$22.23	0.96%
PGR	Progressive Corp Financial Services	Reduced	228,468	-65,644	$49,908,834	−14.4%	2	$206.39	0.91%
ALNY	Alnylam Pharmaceuticals, Inc. Healthcare	Added	163,533	+18,223	$49,228,338	+2.4%	15	$316.74	0.90%
CWT	California Water Service Group Utilities	NEW	753,386	NEW	$36,652,228	NEW	1	$45.10	0.67%
DT	Dynatrace, Inc. Technology	NEW	720,414	NEW	$31,633,378	NEW	1	$38.95	0.58%
HDB	Hdfc Bank Ltd Financial Services	Added	1,138,172	+706,234	$29,398,982	+173.6%	6	unpriced	0.54%
TEL	TE Connectivity plc Technology	NEW	119,417	NEW	$24,075,661	NEW	1	$213.08	0.44%
OC	Owens Corning Industrials	Reduced	148,726	-35,730	$23,641,484	+18.4%	2	$119.21	0.43%
JNJ	Johnson & Johnson Healthcare	Reduced	91,816	-9,207	$23,318,509	−5.6%	5	$154.16	0.43%

Showing the top 50 of 130 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.