PLATINUM INVESTMENT MANAGEMENT LTD
Sector Allocation
- Healthcare28.9%$117.4M
- Technology25.1%$102.1M
- Consumer Discretionary19.6%$79.9M
- Industrials13.3%$54.1M
- Financials6.7%$27.4M
- Communication Services2.4%$9.7M
- Consumer Staples1.9%$7.8M
- Materials1.2%$4.9M
- Energy0.8%$3.3M
AUM History
13fpro.ai/research/fund/platinum-investment-management-ltd-1256071
Conviction and streaks
Concentrating · top 10 = 38.9%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
ZTO
$44.6MMU
$20.5MLRCX
$20.1MTCOM
$14.0MDDL
$12.5MNOAH
$9.9MAVGO
$9.9MBIRK
$9.0MAZN
$9.0MGOOG
$8.7MMRK
$8.1MAPGE
$7.7MABBV
$7.6MJNJ
$7.1MYUM
$6.4MPDD
$6.0MCOGT
$6.0MUBS
$5.8MNVDA
$5.6MIMVT
$5.6M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/platinum-investment-management-ltd-1256071
PLATINUM INVESTMENT MANAGEMENT LTD 13F holdings — Q2 2026
$406.7M portfolio (+2.5% QoQ) · 85 holdings · Q2 2026 13F · top 10 are 39% of the stock portfolio
$44.6M
11.0% of stocks
No changeThis quarter-12.8%Since filed10+ qtrsHeld$20.5M
5.0% of stocks
-25%This quarter-4.9%Since filed10+ qtrsHeld$20.1M
5.0% of stocks
No changeThis quarter-29.5%Since filed10+ qtrsHeld$14.0M
3.5% of stocks
-7%This quarter-11.3%Since filed10+ qtrsHeld$12.5M
3.1% of stocks
No changeThis quarter-15.4%Since filed10+ qtrsHeld$9.9M
2.4% of stocks
No changeThis quarter-20.0%Since filed10+ qtrsHeld$9.9M
2.4% of stocks
No changeThis quarter-21.2%Since filed10+ qtrsHeld$9.0M
2.2% of stocks
-24%This quarter-20.5%Since filed8 qtrsHeld$9.0M
2.2% of stocks
No changeThis quarter+9.4%Since filed2 qtrsHeld$8.7M
2.1% of stocks
No changeThis quarter-8.7%Since filed10+ qtrsHeld
All holdings — PLATINUM INVESTMENT MANAGEMENT LTD (Q2 2026)
85 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Merck & Co., Inc. | Healthcare | $8.1M | 2.0% | 63K | — | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | Apogee Therapeutics, Inc. | Healthcare | $7.7M | 1.9% | 58K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | AbbVie Inc. | Healthcare | $7.6M | 1.9% | 30K | — | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | JOHNSON & JOHNSON | Healthcare | $7.1M | 1.7% | 28K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | YUM BRANDS INC | Consumer Discretionary | $6.4M | 1.6% | 40K | — | 5 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | PDD Holdings Inc.adr | Consumer Discretionary | $6.0M | 1.5% | 78K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | Cogent Biosciences, Inc. | Healthcare | $6.0M | 1.5% | 154K | +38% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | UBS Group AG | Financials | $5.8M | 1.4% | 118K | — | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | NVIDIA CORP | Technology | $5.6M | 1.4% | 28K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | Immunovant, Inc. | Healthcare | $5.6M | 1.4% | 145K | -20% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | ARROWHEAD PHARMACEUTICALS, INC. | Healthcare | $5.3M | 1.3% | 65K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | IDEAYA Biosciences, Inc. | Healthcare | $5.2M | 1.3% | 139K | +51% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | IQVIA HOLDINGS INC. | Healthcare | $5.2M | 1.3% | 27K | — | 5 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | H World Group Ltdadr | Consumer Discretionary | $4.9M | 1.2% | 118K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | Vera Therapeutics, Inc. | Healthcare | $4.9M | 1.2% | 114K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $GPCR | Structure Therapeutics Inc. | Healthcare | $4.8M | 1.2% | 90K | +35% | |||
| 27 | $V | VISA INC. | Financials | $4.8M | 1.2% | 14K | -7% | |||
| 28 | $CAT | CATERPILLAR INC | Industrials | $4.8M | 1.2% | 4,500 | -47% | |||
| 29 | $RCI | ROGERS COMMUNICATIONS INC | Communication Services | $4.8M | 1.2% | 147K | — | |||
| 30 | $AS | Amer Sports, Inc. | Consumer Discretionary | $4.7M | 1.2% | 140K | -7% | |||
| 31 | $KR | KROGER CO | Consumer Staples | $4.5M | 1.1% | 81K | +34% | |||
| 32 | $KLAC | KLA CORP | Technology | $4.4M | 1.1% | 15K | +900% | |||
| 33 | $CCJ | CAMECO CORP | Materials | $4.3M | 1.1% | 42K | — | |||
| 34 | $AMD | ADVANCED MICRO DEVICES INC | Technology | $4.2M | 1.0% | 7,210 | — | |||
| 35 | $RCUS | Arcus Biosciences, Inc. | Healthcare | $4.1M | 1.0% | 134K | — | |||
| 36 | $ADBE | ADOBE INC. | Technology | $3.8M | 0.9% | 19K | — | |||
| 37 | $FND | Floor & Decor Holdings, Inc. | Consumer Discretionary | $3.7M | 0.9% | 63K | -7% | |||
| 38 | $META | Meta Platforms, Inc. | Technology | $3.7M | 0.9% | 6,500 | +30% | |||
| 39 | $PALI | PALISADE BIO, INC. | Healthcare | $3.6M | 0.9% | 1.73M | +41% | |||
| 40 | $BROS | Dutch Bros Inc. | Consumer Discretionary | $3.6M | 0.9% | 50K | -5% | |||
| 41 | $FICO | FAIR ISAAC CORP | Technology | $3.6M | 0.9% | 3,000 | -12% | |||
| 42 | $GEV | GE Vernova Inc. | Industrials | $3.6M | 0.9% | 3,047 | — | |||
| 43 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $3.5M | 0.9% | 10K | -13% | |||
| 44 | $VAL | Valaris Ltd | Energy | $3.3M | 0.8% | 46K | — | |||
| 45 | $ELF | e.l.f. Beauty, Inc. | Consumer Staples | $3.3M | 0.8% | 45K | -38% | |||
| 46 | $CAVA | CAVA GROUP, INC. | Consumer Discretionary | $3.3M | 0.8% | 42K | -7% | |||
| 47 | $DFTX | Definium Therapeutics, Inc. | Healthcare | $3.3M | 0.8% | 70K | — | |||
| 48 | $ROIV | Roivant Sciences Ltd. | Healthcare | $3.3M | 0.8% | 92K | — | |||
| 49 | $TRU | TransUnion | Financials | $3.2M | 0.8% | 45K | — | |||
| 50 | $RVMD | Revolution Medicines, Inc. | Healthcare | $3.2M | 0.8% | 17K | -18% | |||
| 51 | $DDOG | Datadog, Inc. | Technology | $3.1M | 0.8% | 12K | New | |||
| 52 | $BBIO | BridgeBio Pharma, Inc. | Healthcare | $3.0M | 0.7% | 40K | -19% | |||
| 53 | $WING | Wingstop Inc. | Consumer Discretionary | $2.9M | 0.7% | 17K | +42% | |||
| 54 | $ICE | Intercontinental Exchange, Inc. | Financials | $2.9M | 0.7% | 24K | — | |||
| 55 | $ECHO | EchoStar CORP | Communication Services | $2.8M | 0.7% | 28K | +120% | |||
| 56 | $VRT | Vertiv Holdings Co | Technology | $2.8M | 0.7% | 8,286 | -18% | |||
| 57 | $ABSI | Absci Corp | Healthcare | $2.8M | 0.7% | 238K | — | |||
| 58 | $ZYME | Zymeworks Inc. | Healthcare | $2.7M | 0.7% | 105K | — | |||
| 59 | $MSI | Motorola Solutions, Inc. | Technology | $2.6M | 0.6% | 6,302 | — | |||
| 60 | $MBX | MBX Biosciences, Inc. | Healthcare | $2.4M | 0.6% | 44K | — | |||
| 61 | $BKNG | Booking Holdings Inc. | Consumer Discretionary | $2.2M | 0.6% | 13K | +2400% | |||
| 62 | $ADI | ANALOG DEVICES INC | Technology | $2.2M | 0.5% | 5,485 | New | |||
| 63 | $PRQR | ProQR Therapeutics N.V. | Healthcare | $2.2M | 0.5% | 1.16M | -6% | |||
| 64 | $NFLX | NETFLIX INC | Communication Services | $2.1M | 0.5% | 30K | -40% | |||
| 65 | $NOW | ServiceNow, Inc. | Technology | $2.0M | 0.5% | 20K | New | |||
| 66 | $DASH | DoorDash, Inc. | Consumer Discretionary | $1.8M | 0.5% | 10K | New | |||
| 67 | $CCCC | C4 Therapeutics, Inc. | Healthcare | $1.8M | 0.4% | 385K | — | |||
| 68 | $PANW | Palo Alto Networks Inc | Technology | $1.6M | 0.4% | 4,766 | New | |||
| 69 | $WVE | Wave Life Sciences, Inc. | Healthcare | $1.6M | 0.4% | 275K | — | |||
| 70 | $IDXX | IDEXX LABORATORIES INC /DE | Healthcare | $1.5M | 0.4% | 2,900 | -3% | |||
| 71 | $DRUG | BRIGHT MINDS BIOSCIENCES INC. | Healthcare | $1.3M | 0.3% | 19K | — | |||
| 72 | $STOK | Stoke Therapeutics, Inc. | Healthcare | $1.3M | 0.3% | 41K | — | |||
| 73 | $MPTI | M-tron Industries, Inc. | Technology | $1.3M | 0.3% | 13K | New | |||
| 74 | $CSGP | COSTAR GROUP, INC. | Industrials | $1.1M | 0.3% | 40K | -48% | |||
| 75 | $ATEN | A10 Networks, Inc. | Technology | $1.1M | 0.3% | 29K | New | |||
| 76 | $XYZ | Block, Inc. | Technology | $950K | 0.2% | 13K | New | |||
| 77 | $AURA | Aura Biosciences, Inc. | Healthcare | $794K | 0.2% | 112K | — | |||
| 78 | $JD | JD.com, Inc. | Consumer Discretionary | $730K | 0.2% | 29K | — | |||
| 79 | $ZTS | Zoetis Inc. | Healthcare | $719K | 0.2% | 10K | -76% | |||
| 80 | $SPGI | S&P Global Inc. | Financials | $686K | 0.2% | 1,685 | New | |||
| 81 | $ADCT | ADC Therapeutics SA | Healthcare | $622K | 0.1% | 582K | -41% | |||
| 82 | $CDXS | CODEXIS, INC. | Materials | $598K | 0.1% | 264K | — | |||
| 83 | $INBX | Inhibrx Biosciences, Inc. | Healthcare | $582K | 0.1% | 6,146 | New | |||
| 84 | $BABA | Alibaba Group Holding Ltd | Consumer Discretionary | $411K | 0.1% | 4,283 | — | |||
| 85 | $SKYE | Skye Bioscience, Inc. | Healthcare | $162K | 0.0% | 233K | — |
What changed in Q2 2026
Against the previous quarter's 13F: 10 new, 10 added to, 22 trimmed, 13 sold out. Share-count changes; largest moves by dollar size first.
New positions (10)
$DDOGDatadog, Inc.$3.1M
first bought this quarter
$ADIANALOG DEVICES INC$2.2M
first bought this quarter
$NOWServiceNow, Inc.$2.0M
first bought this quarter
$DASHDoorDash, Inc.$1.8M
first bought this quarter
$PANWPalo Alto Networks Inc$1.6M
first bought this quarter
$MPTIM-tron Industries, Inc.$1.3M
first bought this quarter
+4 more in the Excel export
Added to (10)
$KLACKLA CORP+900%
now $4.4M · held 5 qtrs
$BKNGBooking Holdings Inc.+2400%
now $2.2M · held 10+ qtrs
$IDYAIDEAYA Biosciences, Inc.+51%
now $5.2M · held 10+ qtrs
now $6.0M · held 10+ qtrs
$ECHOEchoStar CORP+120%
now $2.8M · held 2 qtrs, 2 adds in a row
$GPCRStructure Therapeutics Inc.+35%
now $4.8M · held 10+ qtrs
+4 more in the Excel export
Trimmed (22)
now $20.5M · held 10+ qtrs, 5 trims in a row
$CATCATERPILLAR INC-47%
now $4.8M · held 3 qtrs
now $9.0M · held 8 qtrs
$ZTSZoetis Inc.-76%
now $719K · held 10+ qtrs
$ELFe.l.f. Beauty, Inc.-38%
now $3.3M · held 7 qtrs
$NFLXNETFLIX INC-40%
now $2.1M · held 2 qtrs
+16 more in the Excel export
Holdings by quarter
Every 13F PLATINUM INVESTMENT MANAGEMENT LTD has filed, 40 earlier quarters. Pick one to see what it held then.
Is it too late to follow PLATINUM INVESTMENT MANAGEMENT LTD?
Q2 2026 13F filed with the SEC on Aug 13, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of PLATINUM INVESTMENT MANAGEMENT LTD's top 20 holdings: 80/100 (our AI quality score, weighted by position size; 9 of the 20 are scored)
Top 10 since filing
-13.9%
Value-weighted move of the 10 largest stock positions
Turnover
6%
Last quarter; 25% over the last 4
Top 10 weight
39%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
85%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
PLATINUM INVESTMENT MANAGEMENT LTD disclosed 85 positions worth $406.7M in its Form 13F-HR for Q2 2026, led by $ZTO (ZTO Express (Cayman) Inc.) at 11.0% of the equity portfolio, followed by $MU and $LRCX. During the quarter the fund opened 10 new positions and exited 13 — including a new stake in $DDOG and a full exit from $TERN. The portfolio is most concentrated in Healthcare (28.9% of disclosed assets). All figures are sourced directly from PLATINUM INVESTMENT MANAGEMENT LTD’s Form 13F-HR filing with the SEC under CIK 1256071.
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