ANTIPODES PARTNERS Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), ANTIPODES PARTNERS Ltd reported 115 stock positions worth $4.5 billion. Its top holding was American Electric Power (AEP) at 5.5% of the portfolio, followed by Barrick Mining (B, 4.1%) and Ferrovial (FER, 3.9%). Compared with Q2 2025, it opened 32 new positions, sold out of 22, added to 39 and reduced 42. The biggest buy was a new position in Ferrovial (FER) and the biggest sale Microsoft (MSFT, shares −37%).
- Most Recent 13F
- Q2 2026
- Location
- ROYAL EXCHANGE, C3
- CIK
- 0001652442
- Portfolio Value
- $4.5B (Q3 2025)
- SEC Filing
- 0001652442-25-000007 ↗ filed Nov 10, 2025
Holdings Value
Holdings 115 stocks · $4.5B
| AEP American Electric Power | 5.49% | 2,176,088 | $244.8M | Add +92.3% |
| B Barrick Mining Corp. | 4.14% | 5,627,170 | $184.4M | Reduce -30.8% |
| FER Ferrovial NV | 3.95% | 3,068,081 | $175.9M | New |
| EXC Exelon Corp. | 3.59% | 3,557,532 | $160.1M | Add +134604.0% |
| MSFT Microsoft Corp. | 3.49% | 300,347 | $155.6M | Reduce -37.4% |
| HCA HCA Healthcare Inc. | 3.46% | 362,179 | $154.4M | Reduce -7.5% |
| GOOGL Alphabet Inc. Class A | 3.44% | 630,208 | $153.2M | Reduce -45.1% |
| SRE Sempra | 3.39% | 1,677,951 | $151.0M | New |
| AMZN Amazon.com Inc. | 3.33% | 675,608 | $148.4M | Reduce -13.9% |
| COF Capital One Financial Corp. | 3.32% | 696,129 | $148.0M | Reduce -26.0% |
| AEE Ameren Corporation | 3.21% | 1,370,758 | $143.1M | Add +104698.0% |
| MRK Merck & Co. Inc. | 3.15% | 1,671,552 | $140.3M | Reduce -7.9% |
| WTRG Essential Utilities Inc. | 2.87% | 3,211,203 | $128.1M | New |
| CCI Crown Castle Inc. | 2.73% | 1,261,442 | $121.7M | New |
| FMX Fomento Economico Mex-SP ADR | 2.53% | 1,144,880 | $112.9M | Add +24.1% |
| AMD Advanced Micro Devices | 2.53% | 696,386 | $112.7M | Reduce -0.9% |
| ETR Entergy Corp. | 2.42% | 1,158,886 | $108.0M | New |
| D Dominion Energy Inc. | 2.38% | 1,735,194 | $106.1M | Add +84502.3% |
| BKD Brookdale Senior Living Inc. | 2.30% | 12,095,669 | $102.5M | Reduce -14.5% |
| ALLY Ally Financial Inc. | 2.26% | 2,572,354 | $100.8M | Reduce -26.5% |
| ENB Enbridge Inc. | 1.98% | 1,751,880 | $88.4M | New |
| DUK Duke Energy Corp. | 1.94% | 697,395 | $86.3M | New |
| NI Nisource Inc. | 1.89% | 1,941,792 | $84.1M | New |
| JCI Johnson Controls Internation | 1.78% | 720,640 | $79.2M | Reduce -43.3% |
| KEYS Keysight Technologies Inc. | 1.77% | 450,454 | $78.8M | Reduce -38.1% |
| VTR Ventas Inc. | 1.73% | 1,100,395 | $77.0M | Reduce -28.4% |
| EVRG Evergy Inc. | 1.63% | 958,355 | $72.9M | New |
| AMT American Tower Corp. | 1.53% | 354,584 | $68.2M | New |
| EGO Eldorado Gold Corp. | 1.47% | 2,273,519 | $65.7M | Reduce -23.4% |
| LNG Cheniere Energy Inc. | 1.41% | 267,542 | $62.9M | New |
| PCOR Procore Technologies Inc. | 1.39% | 850,955 | $62.1M | Add +330.3% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.25% | 3,492,217 | $55.9M | Add +37.8% |
| GMED Globus Medical Inc. Class A | 1.15% | 891,043 | $51.0M | Add +49020.3% |
| EAT Brinker International Inc. | 1.13% | 396,761 | $50.3M | Add +28.4% |
| ALC Alcon Inc. filed as ALCON AG | 1.09% | 652,329 | $48.6M | Reduce -42.2% |
| UBS UBS Group AG-Reg | 1.00% | 1,089,854 | $44.5M | Reduce -55.2% |
| WLK Westlake Corp. | 0.96% | 555,904 | $42.8M | Reduce -32.5% |
| NEM Newmont Corp. | 0.88% | 465,443 | $39.2M | Add +17.4% |
| LEN Lennar Corp. Class A | 0.87% | 306,722 | $38.7M | Reduce -9.8% |
| WDAY Workday Inc. Class A | 0.76% | 141,526 | $34.1M | Reduce -56.5% |
| KDP Keurig Dr Pepper Inc. | 0.75% | 1,309,241 | $33.4M | New |
| EQT Eqt Corp. | 0.72% | 593,102 | $32.3M | Reduce -37.7% |
| CRM Salesforce Inc. | 0.67% | 125,439 | $29.7M | Reduce -22.0% |
| JNJ Johnson & Johnson | 0.65% | 155,963 | $28.9M | Add +2.6% |
| VAL Valaris Ltd. | 0.63% | 580,198 | $28.3M | Add +8034.0% |
| FLUT Flutter Entertainment PLC-Di | 0.46% | 78,078 | $20.3M | Reduce -34.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.44% | 69,923 | $19.5M | Reduce -9.9% |
| OXY Occidental Petroleum Corp. | 0.38% | 359,488 | $17.0M | No change |
| FISV Fiserv Inc. | 0.37% | 127,628 | $16.5M | New |
| ALNY Alnylam Pharmaceuticals Inc. | 0.33% | 31,956 | $14.6M | Reduce -74.0% |
| PDD PDD Holdings Inc. | 0.30% | 101,901 | $13.5M | Reduce -12.8% |
| LSPD Lightspeed Commerce Inc. | 0.27% | 1,030,961 | $11.9M | Reduce -10.4% |
| FLNC Fluence Energy Inc. | 0.26% | 1,091,216 | $11.8M | Add +64545.5% |
| DGX Quest Diagnostics Inc. | 0.26% | 61,707 | $11.8M | Add +6070.7% |
| LYB Lyondellbasell Indu Class A | 0.26% | 238,718 | $11.7M | Add +13.9% |
| KO The Coca-Cola Co. | 0.24% | 162,473 | $10.8M | Reduce -0.2% |
| HDB HDFC Bank Ltd.-ADR | 0.22% | 281,504 | $9.6M | Add +6.3% |
| BABA Alibaba Group Holding-SP ADR | 0.17% | 43,539 | $7.8M | Reduce -0.2% |
| ADSK Autodesk Inc. | 0.17% | 24,067 | $7.6M | Add +13892.4% |
| SOC Sable Offshore Corp. | 0.15% | 364,050 | $6.8M | New |
| OTIS Otis Worldwide Corp. | 0.15% | 71,356 | $6.5M | Reduce -0.2% |
| NE Noble Corp. PLC | 0.12% | 184,129 | $5.2M | New |
| HON Honeywell International Inc. | 0.07% | 15,154 | $3.2M | New |
| SEMR Semrush Holdings Inc. Class A | 0.07% | 439,659 | $3.1M | Add +3.1% |
| AZO AutoZone Inc. | 0.06% | 640 | $2.7M | Add +185.7% |
| SUZ Suzano SA - Spon ADR | 0.04% | 198,107 | $1.9M | Reduce -3.4% |
| ASHR Xtrackers Harvest Csi 300 CH | 0.03% | 12,128 | $1.5M | New |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.02% | 9,926 | $811K | New |
| ROKU Roku Inc. | 0.02% | 7,844 | $785K | Add +9.4% |
| ACIC American Coastal Insurance C | 0.02% | 62,344 | $710K | Add +183.1% |
| CART Maplebear Inc. | 0.01% | 11,342 | $417K | New |
| LX Lexinfintech Holdings L-ADR | 0.01% | 63,315 | $337K | No change |
| VLRS Controladora Vuela Cia-ADR | 0.01% | 44,972 | $323K | New |
| CFLT Confluent Inc. Class A | 0.01% | 14,659 | $290K | New |
| BRKR Bruker Corp. | 0.01% | 8,168 | $265K | Add +20.3% |
| MNDY Monday.com Ltd. | 0.01% | 1,303 | $252K | New |
| ARGX Argenx SE - ADR | 0.00% | 287 | $212K | Reduce -13.6% |
| TDW Tidewater Inc. | 0.00% | 3,362 | $179K | New |
| PUBM Pubmatic Inc. Class A | 0.00% | 19,065 | $158K | New |
| CERT Certara Inc. | 0.00% | 12,285 | $150K | Add +84.3% |
| IMNM Immunome Inc. | 0.00% | 10,892 | $128K | Add +6.2% |
| GPCR Structure Therapeutics Inc. | 0.00% | 4,078 | $114K | Add +39.1% |
| ABT Abbott Laboratories | 0.00% | 828 | $111K | Add +11.7% |
| CHYM Chime Financial Inc. Class A | 0.00% | 5,402 | $109K | Add +8.0% |
| DXCM Dexcom Inc. | 0.00% | 1,617 | $109K | Add +91.6% |
| SDGR Schrodinger Inc. | 0.00% | 4,912 | $99K | Add +292.3% |
| STE Steris PLC | 0.00% | 352 | $87K | Add +35.4% |
| COR Cencora Inc. | 0.00% | 266 | $83K | Add +30.4% |
| RIG Transocean Ltd. | 0.00% | 24,838 | $78K | New |
| QGEN Qiagen N.V. | 0.00% | 1,526 | $68K | Reduce -40.5% |
| MYRG MYR Group Inc./Delaware | 0.00% | 301 | $63K | Reduce -57.2% |
| ESTA Establishment Labs Holdings | 0.00% | 1,307 | $54K | Reduce -36.2% |
| NTRA Natera Inc. | 0.00% | 330 | $53K | Add +5.4% |
| TMO Thermo Fisher Scientific Inc. | 0.00% | 98 | $48K | New |
| MASS 908 Devices Inc. | 0.00% | 5,227 | $46K | Reduce -20.3% |
| HSIC Henry Schein Inc. | 0.00% | 632 | $42K | Add +7.8% |
| GE General Electric filed as GE AEROSPACE | 0.00% | 137 | $41K | Reduce -40.7% |
| IR Ingersoll-Rand Inc. | 0.00% | 486 | $40K | Add +55.3% |
| IRTC Irhythm Holdings Inc. | 0.00% | 220 | $38K | Reduce -13.7% |
| ORIC Oric Pharmaceuticals Inc. | 0.00% | 2,901 | $35K | Reduce -44.1% |
Portfolio Sells Q2 2025 → Q3 2025
| MSFT Microsoft Corp. | Reduce -37.4% | 3.49% | −3.91 |
| COF Capital One Financial Corp. | Reduce -26.0% | 3.32% | −2.89 |
| GOOGL Alphabet Inc. Class A | Reduce -45.1% | 3.44% | −2.84 |
| JCI Johnson Controls Internation | Reduce -43.3% | 1.78% | −2.39 |
| AMZN Amazon.com Inc. | Reduce -13.9% | 3.33% | −2.01 |
| ALC Alcon Inc. | Reduce -42.2% | 1.09% | −2.00 |
| ALLY Ally Financial Inc. | Reduce -26.5% | 2.26% | −1.97 |
| KEYS Keysight Technologies Inc. | Reduce -38.1% | 1.77% | −1.93 |
| WDAY Workday Inc. Class A | Reduce -56.5% | 0.76% | −1.66 |
| UBS UBS Group AG-Reg | Reduce -55.2% | 1.00% | −1.55 |
| MU Micron Technology Inc. | Sold out | 0.00% | −1.54 |
| MRK Merck & Co. Inc. | Reduce -7.9% | 3.15% | −1.31 |
| CX Cemex Sab-Spons ADR Part Cer | Sold out | 0.00% | −1.29 |
| VTR Ventas Inc. | Reduce -28.4% | 1.73% | −1.28 |
| HCA HCA Healthcare Inc. | Reduce -7.5% | 3.46% | −1.19 |
| B Barrick Mining Corp. | Reduce -30.8% | 4.14% | −1.11 |
| EQT Eqt Corp. | Reduce -37.7% | 0.72% | −1.00 |
| WLK Westlake Corp. | Reduce -32.5% | 0.96% | −0.98 |
| ALNY Alnylam Pharmaceuticals Inc. | Reduce -74.0% | 0.33% | −0.92 |
| NTR Nutrien Ltd. | Sold out | 0.00% | −0.83 |
| BKD Brookdale Senior Living Inc. | Reduce -14.5% | 2.30% | −0.76 |
| CRM Salesforce Inc. | Reduce -22.0% | 0.67% | −0.69 |
| FLUT Flutter Entertainment PLC-Di | Reduce -34.0% | 0.46% | −0.58 |
| AMD Advanced Micro Devices | Reduce -0.9% | 2.53% | −0.57 |
| GEV GE Vernova Inc. | Sold out | 0.00% | −0.56 |
| PHM Pultegroup Inc. | Sold out | 0.00% | −0.50 |
| CRTO Criteo SA-Spon | Sold out | 0.00% | −0.45 |
| EGO Eldorado Gold Corp. | Reduce -23.4% | 1.47% | −0.40 |
| LEN Lennar Corp. Class A | Reduce -9.8% | 0.87% | −0.30 |
| T AT&T Inc. | Sold out | 0.00% | −0.29 |
| LSPD Lightspeed Commerce Inc. | Reduce -10.4% | 0.27% | −0.15 |
| GDXJ Vaneck Junior Gold Miners | Sold out | 0.00% | −0.12 |
| KO The Coca-Cola Co. | Reduce -0.2% | 0.24% | −0.12 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -9.9% | 0.44% | −0.11 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −0.10 |
| CENX Century Aluminum Company | Sold out | 0.00% | −0.09 |
| PDD PDD Holdings Inc. | Reduce -12.8% | 0.30% | −0.08 |
| OTIS Otis Worldwide Corp. | Reduce -0.2% | 0.15% | −0.07 |
| BAH Booz Allen Hamilton Holdings | Sold out | 0.00% | −0.05 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.05 |
| YMM Full Truck Alliance -SPN ADR | Sold out | 0.00% | −0.02 |
| SUZ Suzano SA - Spon ADR | Reduce -3.4% | 0.04% | −0.02 |
| SABR Sabre Corp. | Sold out | 0.00% | −0.01 |
| MGNI Magnite Inc. | Sold out | 0.00% | −0.01 |
| GBTG Global Business Travel Group | Sold out | 0.00% | −0.01 |
| SMWB Similarweb Ltd. | Sold out | 0.00% | −0.00 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.00 |
| MYRG MYR Group Inc./Delaware | Reduce -57.2% | 0.00% | −0.00 |
| QGEN Qiagen N.V. | Reduce -40.5% | 0.00% | −0.00 |
| LUMN Lumen Technologies Inc. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| FER Ferrovial NV | New | 3.95% | +3.95 |
| EXC Exelon Corp. | Add +134604.0% | 3.59% | +3.59 |
| SRE Sempra | New | 3.39% | +3.39 |
| AEE Ameren Corporation | Add +104698.0% | 3.21% | +3.21 |
| WTRG Essential Utilities Inc. | New | 2.87% | +2.87 |
| CCI Crown Castle Inc. | New | 2.73% | +2.73 |
| ETR Entergy Corp. | New | 2.42% | +2.42 |
| D Dominion Energy Inc. | Add +84502.3% | 2.38% | +2.38 |
| ENB Enbridge Inc. | New | 1.98% | +1.98 |
| DUK Duke Energy Corp. | New | 1.94% | +1.94 |
| NI Nisource Inc. | New | 1.89% | +1.89 |
| AEP American Electric Power | Add +92.3% | 5.49% | +1.85 |
| EVRG Evergy Inc. | New | 1.63% | +1.63 |
| AMT American Tower Corp. | New | 1.53% | +1.53 |
| LNG Cheniere Energy Inc. | New | 1.41% | +1.41 |
| GMED Globus Medical Inc. Class A | Add +49020.3% | 1.15% | +1.14 |
| PCOR Procore Technologies Inc. | Add +330.3% | 1.39% | +0.97 |
| KDP Keurig Dr Pepper Inc. | New | 0.75% | +0.75 |
| VAL Valaris Ltd. | Add +8034.0% | 0.63% | +0.63 |
| FISV Fiserv Inc. | New | 0.37% | +0.37 |
| FLNC Fluence Energy Inc. | Add +64545.5% | 0.26% | +0.26 |
| DGX Quest Diagnostics Inc. | Add +6070.7% | 0.26% | +0.26 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +37.8% | 1.25% | +0.18 |
| ADSK Autodesk Inc. | Add +13892.4% | 0.17% | +0.17 |
| NEM Newmont Corp. | Add +17.4% | 0.88% | +0.16 |
| SOC Sable Offshore Corp. | New | 0.15% | +0.15 |
| NE Noble Corp. PLC | New | 0.12% | +0.12 |
| HON Honeywell International Inc. | New | 0.07% | +0.07 |
| AZO AutoZone Inc. | Add +185.7% | 0.06% | +0.04 |
| ASHR Xtrackers Harvest Csi 300 CH | New | 0.03% | +0.03 |
| KSPI JSC Kaspi.kz ADR | New | 0.02% | +0.02 |
| CART Maplebear Inc. | New | 0.01% | +0.01 |
| ACIC American Coastal Insurance C | Add +183.1% | 0.02% | +0.01 |
| VLRS Controladora Vuela Cia-ADR | New | 0.01% | +0.01 |
| CFLT Confluent Inc. Class A | New | 0.01% | +0.01 |
| MNDY Monday.com Ltd. | New | 0.01% | +0.01 |
| TDW Tidewater Inc. | New | 0.00% | +0.00 |
| PUBM Pubmatic Inc. Class A | New | 0.00% | +0.00 |
| RIG Transocean Ltd. | New | 0.00% | +0.00 |
| SDGR Schrodinger Inc. | Add +292.3% | 0.00% | +0.00 |
| TMO Thermo Fisher Scientific Inc. | New | 0.00% | +0.00 |
| CERT Certara Inc. | Add +84.3% | 0.00% | +0.00 |
| SYK Stryker Corp. | New | 0.00% | +0.00 |
| FOLD Amicus Therapeutics Inc. | New | 0.00% | +0.00 |
| GPCR Structure Therapeutics Inc. | Add +39.1% | 0.00% | +0.00 |
| DHR Danaher Corp. | New | 0.00% | +0.00 |
| WAT Waters Corp. | New | 0.00% | +0.00 |
| IDYA Ideaya Biosciences Inc. | New | 0.00% | +0.00 |
| DXCM Dexcom Inc. | Add +91.6% | 0.00% | +0.00 |
| SHLS Shoals Technologies Group -A | New | 0.00% | +0.00 |
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 |