ANTIPODES PARTNERS Ltd
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 7, 2024), ANTIPODES PARTNERS Ltd reported 69 stock positions worth $3.2 billion. Its top holding was Merck (MRK) at 7.9% of the portfolio, followed by Oracle (ORCL, 6.5%) and Microsoft (MSFT, 5.7%). Compared with Q4 2023, it opened 12 new positions, sold out of 15, added to 18 and reduced 29. The biggest buy was a new position in Qualcomm (QCOM) and the biggest sale Baidu Inc. - Spon ADR (BIDU, shares −25%).
- Most Recent 13F
- Q2 2026
- Location
- ROYAL EXCHANGE, C3
- CIK
- 0001652442
- Portfolio Value
- $3.2B (Q1 2024)
- SEC Filing
- 0001652442-24-000003 ↗ filed May 7, 2024
Holdings Value
Holdings 69 stocks · $3.2B
| MRK Merck & Co. Inc. | 7.88% | 1,889,305 | $249.3M | Reduce -13.1% |
| ORCL Oracle Corp. | 6.51% | 1,639,887 | $206.0M | Reduce -1.4% |
| MSFT Microsoft Corp. | 5.65% | 424,851 | $178.7M | Reduce -2.8% |
| OXY Occidental Petroleum Corp. | 4.77% | 2,319,869 | $150.8M | Reduce -0.9% |
| AMZN Amazon.com Inc. | 4.75% | 833,424 | $150.3M | Reduce -6.0% |
| B Barrick Gold Corp. | 4.58% | 8,704,623 | $144.8M | Add +5.3% |
| AEP American Electric Power | 4.33% | 1,590,311 | $136.9M | Reduce -20.3% |
| FMX Fomento Economico Mex-SP ADR | 3.90% | 945,491 | $123.2M | Add +19.4% |
| COR Cencora Inc. | 3.79% | 492,869 | $119.8M | Reduce -19.1% |
| BIDU Baidu Inc. - Spon ADR | 3.60% | 1,081,853 | $113.9M | Reduce -24.8% |
| NTR Nutrien Ltd. | 3.51% | 2,045,679 | $111.1M | Add +28.2% |
| META Meta Platforms Inc. Class A | 3.29% | 214,322 | $104.1M | Reduce -23.5% |
| QCOM Qualcomm Inc. | 3.14% | 585,590 | $99.1M | New |
| ITUB Itau Unibanco H-Spon PRF ADR | 3.00% | 13,684,096 | $94.8M | Reduce -22.5% |
| STLA Stellantis NV | 2.77% | 3,089,187 | $87.4M | Add +184881.3% |
| COF Capital One Financial Corp. | 2.76% | 585,521 | $87.2M | Reduce -3.9% |
| LOW Lowe's Cos Inc. | 2.68% | 332,106 | $84.6M | Reduce -24.4% |
| LYB Lyondellbasell Indu Class A | 2.53% | 782,796 | $80.1M | Reduce -22.5% |
| VRTX Vertex Pharmaceuticals Inc. | 2.47% | 189,400 | $78.2M | Add +113.0% |
| FYBR Frontier Communications Pare | 2.33% | 3,002,523 | $73.6M | Reduce -38.9% |
| MU Micron Technology Inc. | 2.31% | 619,402 | $73.0M | Reduce -39.0% |
| ALLY Ally Financial Inc. | 1.96% | 1,529,093 | $62.1M | Add +90.9% |
| AEM Agnico Eagle Mines Ltd. | 1.92% | 1,016,850 | $60.7M | Add +34.0% |
| AMAT Applied Materials Inc. | 1.73% | 265,921 | $54.8M | Add +707.6% |
| BABA Alibaba Group Holding-SP ADR | 1.69% | 740,113 | $53.6M | Reduce -37.9% |
| TECK Teck Resources Ltd.-CLS B | 1.52% | 1,052,656 | $48.2M | Reduce -44.7% |
| GPN Global Payments Inc. | 1.34% | 316,937 | $42.4M | Reduce -41.4% |
| IBKR Interactive Brokers Gro Class A | 1.05% | 298,322 | $33.3M | Reduce -16.4% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.97% | 205,579 | $30.7M | Add +8.7% |
| AEE Ameren Corporation | 0.88% | 377,161 | $27.9M | New |
| NE Noble Corp. PLC | 0.84% | 547,812 | $26.6M | Reduce -2.1% |
| JCI Johnson Controls Internation | 0.75% | 360,968 | $23.6M | Add +42.2% |
| ROKU Roku Inc. | 0.74% | 359,328 | $23.4M | Reduce -35.5% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.65% | 1,494,261 | $20.5M | Add +12022.8% |
| ASAIY Sendas Distribuidora SA | 0.54% | 1,164,417 | $17.2M | Reduce -2.1% |
| KO The Coca-Cola Co. | 0.48% | 246,933 | $15.1M | Reduce -0.2% |
| VLRS Controladora Vuela Cia-ADR | 0.43% | 1,832,109 | $13.6M | New |
| COMP Compass Inc. Class A | 0.41% | 3,599,933 | $13.0M | Reduce -78.4% |
| GOOGL Alphabet Inc. Class A | 0.28% | 57,987 | $8.8M | New |
| OTIS Otis Worldwide Corp. | 0.27% | 85,810 | $8.5M | Add +0.5% |
| TCOM Trip.com Group Ltd.-ADR | 0.26% | 187,790 | $8.2M | Reduce -0.1% |
| BAH Booz Allen Hamilton Holdings | 0.22% | 47,020 | $7.0M | Reduce -56.7% |
| NEM Newmont Corp. | 0.18% | 157,950 | $5.7M | No change |
| SUZ Suzano SA - Spon ADR | 0.12% | 299,848 | $3.8M | Reduce -5.6% |
| EXP Eagle Materials Inc. | 0.12% | 13,537 | $3.7M | No change |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.01% | 22,378 | $267K | Reduce -24.5% |
| ACIC American Coastal Insurance C | 0.01% | 20,551 | $220K | Add +3.0% |
| GLOB Globant SA | 0.01% | 989 | $200K | Add +1.8% |
| ARES Ares Management Corp. Class A | 0.01% | 1,578 | $188K | New |
| DASH DoorDash Inc. Class A | 0.01% | 1,350 | $186K | No change |
| AMPS Altus Power Inc. | 0.01% | 35,198 | $168K | Add +17.0% |
| PGRU Propertyguru Group Ltd. | 0.01% | 42,641 | $162K | Add +30.3% |
| BX Blackstone Inc. | 0.00% | 1,185 | $154K | New |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.00% | 994 | $128K | New |
| GDXJ Vaneck Junior Gold Miners | 0.00% | 2,877 | $110K | Add +135.8% |
| GBTG Global Business Travel Group | 0.00% | 18,136 | $109K | New |
| SEMR Semrush Holdings Inc. Class A | 0.00% | 7,264 | $96K | No change |
| AMPL Amplitude Inc. Class A | 0.00% | 8,734 | $95K | New |
| EB Eventbrite Inc. Class A | 0.00% | 12,690 | $70K | New |
| ETN Eaton Corp. PLC | 0.00% | 223 | $70K | No change |
| RDDT Reddit Inc. Class A | 0.00% | 1,276 | $63K | New |
| SHLS Shoals Technologies Group -A | 0.00% | 4,793 | $62K | Add +122.4% |
| SMWB Similarweb Ltd. | 0.00% | 5,204 | $47K | Reduce -43.2% |
| VIRT Virtu Financial Inc. Class A | 0.00% | 2,261 | $46K | No change |
| APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC | 0.00% | 440 | $35K | No change |
| IR Ingersoll-Rand Inc. | 0.00% | 350 | $33K | No change |
| ARGX Argenx SE - ADR | 0.00% | 79 | $31K | No change |
| GE General Electric | 0.00% | 210 | $31K | No change |
| GEV GE Vernova Inc. | 0.00% | 232 | $30K | New |
Portfolio Sells Q4 2023 → Q1 2024
| BIDU Baidu Inc. - Spon ADR | Reduce -24.8% | 3.60% | −1.75 |
| FLS Flowserve Corp. | Sold out | 0.00% | −1.68 |
| FYBR Frontier Communications Pare | Reduce -38.9% | 2.33% | −1.56 |
| COMP Compass Inc. Class A | Reduce -78.4% | 0.41% | −1.55 |
| CFG Citizens Financial Group | Sold out | 0.00% | −1.34 |
| BABA Alibaba Group Holding-SP ADR | Reduce -37.9% | 1.69% | −1.19 |
| INTC Intel Corp. | Sold out | 0.00% | −1.18 |
| TECK Teck Resources Ltd.-CLS B | Reduce -44.7% | 1.52% | −0.99 |
| ROKU Roku Inc. | Reduce -35.5% | 0.74% | −0.85 |
| ITUB Itau Unibanco H-Spon PRF ADR | Reduce -22.5% | 3.00% | −0.83 |
| GPN Global Payments Inc. | Reduce -41.4% | 1.34% | −0.81 |
| AEP American Electric Power | Reduce -20.3% | 4.33% | −0.73 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −0.70 |
| DiDi Global Inc. | Sold out | 0.00% | −0.63 |
| LYB Lyondellbasell Indu Class A | Reduce -22.5% | 2.53% | −0.47 |
| MU Micron Technology Inc. | Reduce -39.0% | 2.31% | −0.40 |
| LOW Lowe's Cos Inc. | Reduce -24.4% | 2.68% | −0.38 |
| Controladora Vuela Compania de Aviacion SAB de CV | Sold out | 0.00% | −0.28 |
| BAH Booz Allen Hamilton Holdings | Reduce -56.7% | 0.22% | −0.21 |
| GMAB Genmab A/S -SP ADR | Sold out | 0.00% | −0.18 |
| COR Cencora Inc. | Reduce -19.1% | 3.79% | −0.12 |
| GM General Motors Co. | Sold out | 0.00% | −0.08 |
| SQM Quimica Y Minera Chil-SP ADR | Sold out | 0.00% | −0.00 |
| DO Diamond Offshore Drilling Inc. | Sold out | 0.00% | −0.00 |
| RCM R1 RCM Inc. | Sold out | 0.00% | −0.00 |
| STX Seagate Technology Ulc | Sold out | 0.00% | −0.00 |
| NE Noble Corp. PLC | Reduce -2.1% | 0.84% | −0.00 |
| Vantage Drilling International | Sold out | 0.00% | −0.00 |
| Eventbrite Inc. | Sold out | 0.00% | −0.00 |
| HSIC Henry Schein Inc. | Sold out | 0.00% | −0.00 |
| SMWB Similarweb Ltd. | Reduce -43.2% | 0.00% | 0.00 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -24.5% | 0.01% | +0.00 |
| SUZ Suzano SA - Spon ADR | Reduce -5.6% | 0.12% | +0.01 |
| KO The Coca-Cola Co. | Reduce -0.2% | 0.48% | +0.02 |
| ASAIY Sendas Distribuidora SA | Reduce -2.1% | 0.54% | +0.03 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -0.1% | 0.26% | +0.05 |
| IBKR Interactive Brokers Gro Class A | Reduce -16.4% | 1.05% | +0.13 |
| META Meta Platforms Inc. Class A | Reduce -23.5% | 3.29% | +0.20 |
| COF Capital One Financial Corp. | Reduce -3.9% | 2.76% | +0.26 |
| OXY Occidental Petroleum Corp. | Reduce -0.9% | 4.77% | +0.40 |
| MRK Merck & Co. Inc. | Reduce -13.1% | 7.88% | +0.48 |
| MSFT Microsoft Corp. | Reduce -2.8% | 5.65% | +0.52 |
| AMZN Amazon.com Inc. | Reduce -6.0% | 4.75% | +0.55 |
| ORCL Oracle Corp. | Reduce -1.4% | 6.51% | +1.04 |
Portfolio Buys Q4 2023 → Q1 2024
| QCOM Qualcomm Inc. | New | 3.14% | +3.14 |
| STLA Stellantis NV | Add +184881.3% | 2.77% | +2.76 |
| AMAT Applied Materials Inc. | Add +707.6% | 1.73% | +1.57 |
| VRTX Vertex Pharmaceuticals Inc. | Add +113.0% | 2.47% | +1.34 |
| ALLY Ally Financial Inc. | Add +90.9% | 1.96% | +1.09 |
| AEE Ameren Corporation | New | 0.88% | +0.88 |
| NTR Nutrien Ltd. | Add +28.2% | 3.51% | +0.71 |
| FMX Fomento Economico Mex-SP ADR | Add +19.4% | 3.90% | +0.67 |
| BEKE Ke Holdings Inc.-ADR | Add +12022.8% | 0.65% | +0.64 |
| AEM Agnico Eagle Mines Ltd. | Add +34.0% | 1.92% | +0.62 |
| VLRS Controladora Vuela Cia-ADR | New | 0.43% | +0.43 |
| JCI Johnson Controls Internation | Add +42.2% | 0.75% | +0.29 |
| GOOGL Alphabet Inc. Class A | New | 0.28% | +0.28 |
| OTIS Otis Worldwide Corp. | Add +0.5% | 0.27% | +0.03 |
| ARES Ares Management Corp. Class A | New | 0.01% | +0.01 |
| BX Blackstone Inc. | New | 0.00% | +0.00 |
| KSPI JSC Kaspi.kz ADR | New | 0.00% | +0.00 |
| GBTG Global Business Travel Group | New | 0.00% | +0.00 |
| AMPL Amplitude Inc. Class A | New | 0.00% | +0.00 |
| EB Eventbrite Inc. Class A | New | 0.00% | +0.00 |
| RDDT Reddit Inc. Class A | New | 0.00% | +0.00 |
| GDXJ Vaneck Junior Gold Miners | Add +135.8% | 0.00% | +0.00 |
| PGRU Propertyguru Group Ltd. | Add +30.3% | 0.01% | +0.00 |
| ACIC American Coastal Insurance C | Add +3.0% | 0.01% | +0.00 |
| GEV GE Vernova Inc. | New | 0.00% | +0.00 |
| SHLS Shoals Technologies Group -A | Add +122.4% | 0.00% | +0.00 |
| GLOB Globant SA | Add +1.8% | 0.01% | −0.00 |
| AMPS Altus Power Inc. | Add +17.0% | 0.01% | −0.00 |
| B Barrick Gold Corp. | Add +5.3% | 4.58% | −0.09 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +8.7% | 0.97% | −0.16 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 130 | $5.5B | AMZN, AEP, COF, NVDA, EXC |
| Q1 2026 | 126 | $5.2B | AMZN, AEP, MSFT, EXC, MRK |
| Q4 2025 | 127 | $4.8B | AMZN, AEP, MSFT, B, COF |
| Q3 2025 | 115 | $4.5B | AEP, B, FER, EXC, MSFT |
| Q2 2025 | 105 | $3.2B | MSFT, GOOGL, COF, AMZN, B |
| Q1 2025 | 102 | $3.2B | B, COF, MSFT, GOOGL, MRK |
| Q4 2024 | 78 | $2.9B | GOOGL, MSFT, COF, MRK, B |
| Q3 2024 | 84 | $2.9B | B, AMZN, MRK, ORCL, COF |
| Q2 2024 | 78 | $2.8B | MRK, ORCL, AMZN, MSFT, B |
| Q1 2024 | 69 | $3.2B | MRK, ORCL, MSFT, OXY, AMZN |