ANTIPODES PARTNERS Ltd

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 5, 2026), ANTIPODES PARTNERS Ltd reported 127 stock positions worth $4.8 billion. Its top holding was Amazon.com (AMZN) at 4.7% of the portfolio, followed by American Electric Power (AEP, 4.4%) and Microsoft (MSFT, 4.2%). Compared with Q3 2025, it opened 30 new positions, sold out of 18, added to 46 and reduced 42. The biggest buy was a new position in Meta Platforms Class A (META) and the biggest sale an exit from Alphabet Class A (GOOGL).

Most Recent 13F
Q2 2026
Location
ROYAL EXCHANGE, C3
CIK
0001652442
Portfolio Value
$4.8B (Q4 2025)
SEC Filing
0001652442-26-000002 ↗ filed Feb 5, 2026

Holdings Value

0$2.0B$4.0B$6.0B Q1 2024: $3.2B Q1 2024 Q2 2024: $2.8B Q2 2024 Q3 2024: $2.9B Q3 2024 Q4 2024: $2.9B Q4 2024 Q1 2025: $3.2B Q1 2025 Q2 2025: $3.2B Q2 2025 Q3 2025: $4.5B Q3 2025 Q4 2025: $4.8B $4.8B Q4 2025 Q1 2026: $5.2B Q1 2026 Q2 2026: $5.5B Q2 2026

Holdings 127 stocks · $4.8B
AMZN Amazon.com Inc. 4.73% 976,324 $225.4M Add +44.5%
AEP American Electric Power 4.43% 1,828,970 $210.9M Reduce -15.9%
MSFT Microsoft Corp. 4.23% 416,915 $201.6M Add +38.8%
B Barrick Mining Corp. 4.09% 4,475,725 $194.9M Reduce -20.5%
COF Capital One Financial Corp. 3.98% 782,667 $189.7M Add +12.4%
MRK Merck & Co. Inc. 3.48% 1,575,811 $165.9M Reduce -5.7%
EXC Exelon Corp. 3.37% 3,684,480 $160.6M Add +3.6%
FER Ferrovial NV 3.28% 2,406,448 $156.4M Reduce -21.6%
SRE Sempra 2.97% 1,601,585 $141.4M Reduce -4.5%
HCA HCA Healthcare Inc. 2.89% 294,520 $137.5M Reduce -18.7%
CCI Crown Castle Inc. 2.66% 1,424,462 $126.6M Add +12.9%
WTRG Essential Utilities Inc. 2.64% 3,274,915 $125.6M Add +2.0%
AEE Ameren Corporation 2.61% 1,243,491 $124.2M Reduce -9.3%
BKD Brookdale Senior Living Inc. 2.59% 11,428,834 $123.3M Reduce -5.5%
META Meta Platforms Inc. Class A 2.48% 179,243 $118.3M New
ALLY Ally Financial Inc. 2.36% 2,477,112 $112.6M Reduce -3.7%
ETR Entergy Corp. 2.20% 1,132,165 $104.7M Reduce -2.3%
D Dominion Energy Inc. 2.19% 1,779,898 $104.3M Add +2.6%
FMX Fomento Economico Mex-SP ADR 2.04% 962,690 $97.3M Reduce -15.9%
CRM Salesforce Inc. 1.92% 345,036 $91.4M Add +175.1%
TTE Totalenergies SE 1.91% 1,390,929 $90.8M New
ENB Enbridge Inc. 1.90% 1,891,021 $90.6M Add +7.9%
DUK Duke Energy Corp. 1.90% 770,972 $90.4M Add +10.6%
NI Nisource Inc. 1.83% 2,083,217 $87.0M Add +7.3%
KEYS Keysight Technologies Inc. 1.80% 421,464 $85.6M Reduce -6.4%
EAT Brinker International Inc. 1.77% 586,808 $84.2M Add +47.9%
GMED Globus Medical Inc. Class A 1.66% 906,833 $79.2M Add +1.8%
LNG Cheniere Energy Inc. 1.52% 372,196 $72.4M Add +39.1%
AMT American Tower Corp. 1.50% 407,157 $71.5M Add +14.8%
EVRG Evergy Inc. 1.45% 949,233 $68.8M Reduce -0.9%
KDP Keurig Dr Pepper Inc. 1.40% 2,388,205 $66.9M Add +82.4%
VTR Ventas Inc. 1.39% 856,972 $66.3M Reduce -22.1%
AMD Advanced Micro Devices 1.32% 293,078 $62.8M Reduce -57.9%
PCOR Procore Technologies Inc. 1.31% 857,811 $62.4M Add +0.8%
EGO Eldorado Gold Corp. 1.26% 1,665,370 $59.8M Reduce -26.8%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 1.20% 3,407,926 $57.1M Reduce -2.4%
ORCL Oracle Corp. 0.98% 239,691 $46.7M New
UBS UBS Group AG-Reg 0.87% 890,432 $41.5M Reduce -18.3%
WDAY Workday Inc. Class A 0.86% 189,658 $40.7M Add +34.0%
VAL Valaris Ltd. 0.74% 695,005 $35.0M Add +19.8%
LEN Lennar Corp. Class A 0.72% 335,039 $34.4M Add +9.2%
CART Maplebear Inc. 0.72% 762,626 $34.3M Add +6623.9%
COLD Americold Realty Trust Inc. 0.70% 2,606,178 $33.5M New
HON Honeywell International Inc. 0.69% 167,395 $32.9M Add +1004.6%
NEM Newmont Corp. 0.69% 328,189 $32.8M Reduce -29.5%
WLK Westlake Corp. 0.65% 416,520 $30.8M Reduce -25.1%
DGX Quest Diagnostics Inc. 0.63% 171,987 $29.8M Add +178.7%
SLB SLB Ltd. filed as SLB LIMITED 0.56% 697,752 $26.8M New
JNJ Johnson & Johnson 0.51% 116,806 $24.2M Reduce -25.1%
GLOB Globant SA 0.44% 319,902 $20.9M New
ALNY Alnylam Pharmaceuticals Inc. 0.40% 47,886 $19.0M Add +49.9%
HTO H2O America 0.39% 383,905 $18.8M New
CENX Century Aluminum Company 0.35% 423,789 $16.6M New
CHYM Chime Financial Inc. Class A 0.33% 622,165 $15.7M Add +11417.3%
TSM Taiwan Semiconductor-SP ADR 0.30% 46,362 $14.1M Reduce -33.7%
PSIX Power Solutions Internationa 0.27% 228,413 $13.1M New
LSPD Lightspeed Commerce Inc. 0.26% 1,024,963 $12.4M Reduce -0.6%
HDB HDFC Bank Ltd.-ADR 0.24% 312,679 $11.4M Add +11.1%
PDD PDD Holdings Inc. 0.23% 98,144 $11.1M Reduce -3.7%
KO The Coca-Cola Co. 0.21% 145,423 $10.2M Reduce -10.5%
NE Noble Corp. PLC 0.15% 257,244 $7.3M Add +39.7%
OTIS Otis Worldwide Corp. 0.12% 65,351 $5.7M Reduce -8.4%
BABA Alibaba Group Holding-SP ADR 0.12% 38,517 $5.6M Reduce -11.5%
ADSK Autodesk Inc. 0.11% 18,107 $5.4M Reduce -24.8%
GPCR Structure Therapeutics Inc. 0.07% 46,291 $3.2M Add +1035.1%
AZO AutoZone Inc. 0.05% 640 $2.2M No change
ALC Alcon Inc. filed as ALCON AG 0.04% 26,749 $2.1M Reduce -95.9%
ASHR Xtrackers Harvest Csi 300 CH 0.04% 56,694 $1.9M Add +367.5%
SUZ Suzano SA - Spon ADR 0.04% 196,114 $1.8M Reduce -1.0%
VLRS Controladora Vuela Cia-ADR 0.03% 177,945 $1.6M Add +295.7%
ROKU Roku Inc. 0.03% 13,801 $1.5M Add +75.9%
ACIC American Coastal Insurance C 0.02% 88,385 $1.1M Add +41.8%
GTLB Gitlab Inc. Class A 0.02% 27,433 $1.0M New
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.02% 12,955 $1.0M Add +30.5%
BRKR Bruker Corp. 0.01% 13,150 $620K Add +61.0%
FRMI Fermi Inc. 0.01% 58,160 $465K New
MGNI Magnite Inc. 0.01% 24,831 $403K New
MNDY Monday.com Ltd. 0.01% 2,381 $351K Add +82.7%
SG Sweetgreen Inc. Class A 0.01% 51,873 $351K New
TDW Tidewater Inc. 0.01% 5,485 $277K Add +63.1%
LINE Lineage Inc. 0.00% 6,729 $236K New
JCI Johnson Controls Internation 0.00% 1,748 $209K Reduce -99.8%
SDGR Schrodinger Inc. 0.00% 11,464 $205K Add +133.4%
CLPR Clipper Realty Inc. 0.00% 52,758 $202K New
IMNM Immunome Inc. 0.00% 8,834 $190K Reduce -18.9%
ARGX Argenx SE - ADR 0.00% 196 $165K Reduce -31.7%
SYK Stryker Corp. 0.00% 288 $101K Add +216.5%
AVA Avista Corp. 0.00% 2,388 $92K New
STE Steris PLC 0.00% 352 $89K No change
COR Cencora Inc. 0.00% 245 $83K Reduce -7.9%
QGEN Qiagen N.V. 0.00% 1,637 $77K New
TMO Thermo Fisher Scientific Inc. 0.00% 131 $76K Add +33.7%
NTRA Natera Inc. 0.00% 330 $76K No change
REGN Regeneron Pharmaceuticals 0.00% 97 $75K New
ESTA Establishment Labs Holdings 0.00% 969 $71K Reduce -25.9%
MDT Medtronic PLC 0.00% 730 $70K New
GILD Gilead Sciences Inc. 0.00% 557 $68K New
MYRG MYR Group Inc./Delaware 0.00% 311 $68K Add +3.3%
WAT Waters Corp. 0.00% 175 $66K Add +98.9%
TEVA Teva Pharmaceutical-SP ADR 0.00% 2,086 $65K New
VRTX Vertex Pharmaceuticals Inc. 0.00% 127 $58K New
DXCM Dexcom Inc. 0.00% 858 $57K Reduce -46.9%
FOLD Amicus Therapeutics Inc. 0.00% 3,926 $56K No change
APGE Apogee Therapeutics Inc. 0.00% 723 $55K Reduce -14.2%
NOVT Novanta Inc. 0.00% 449 $53K New
GE General Electric filed as GE AEROSPACE 0.00% 141 $43K Add +2.9%
TNGX Tango Therapeutics Inc. 0.00% 4,513 $40K New
IR Ingersoll-Rand Inc. 0.00% 502 $40K Add +3.3%
IDYA Ideaya Biosciences Inc. 0.00% 1,150 $40K Add +49.4%
NUVL Nuvalent Inc. Class A 0.00% 391 $39K No change
CABA Cabaletta Bio Inc. 0.00% 17,187 $38K New
VRDN Viridian Therapeutics Inc. 0.00% 1,150 $36K New
IRTC Irhythm Holdings Inc. 0.00% 189 $34K Reduce -14.1%
IRON Disc Medicine Inc. 0.00% 419 $33K New
SIBN Si-Bone Inc. 0.00% 1,470 $29K New
ATAI Ataibeckley Inc. 0.00% 7,081 $29K New
MASS 908 Devices Inc. 0.00% 5,094 $27K Reduce -2.5%
DAWN Day One Biopharmaceuticals I 0.00% 2,559 $24K Add +47.8%
ORIC Oric Pharmaceuticals Inc. 0.00% 2,399 $20K Reduce -17.3%
CERT Certara Inc. 0.00% 2,190 $19K Reduce -82.2%
DNTH Dianthus Therapeutics Inc. 0.00% 459 $19K New
SGMT Sagimet Biosciences Inc. Class A 0.00% 3,176 $19K No change
ARRY Array Technologies Inc. 0.00% 1,715 $16K No change
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 0.00% 182 $13K No change
HUMA Humacyte Inc. 0.00% 11,648 $11K Add +43.4%
JANX Janux Therapeutics Inc. 0.00% 720 $10K Reduce -46.4%
SHLS Shoals Technologies Group -A 0.00% 978 $8K No change

Portfolio Sells Q3 2025 → Q4 2025
GOOGL Alphabet Inc. Class A Sold out 0.00% −3.44
JCI Johnson Controls Internation Reduce -99.8% 0.00% −1.77
AMD Advanced Micro Devices Reduce -57.9% 1.32% −1.21
AEP American Electric Power Reduce -15.9% 4.43% −1.06
ALC Alcon Inc. Reduce -95.9% 0.04% −1.05
EQT Eqt Corp. Sold out 0.00% −0.72
FER Ferrovial NV Reduce -21.6% 3.28% −0.66
AEE Ameren Corporation Reduce -9.3% 2.61% −0.60
HCA HCA Healthcare Inc. Reduce -18.7% 2.89% −0.58
FMX Fomento Economico Mex-SP ADR Reduce -15.9% 2.04% −0.49
FLUT Flutter Entertainment PLC-Di Sold out 0.00% −0.46
SRE Sempra Reduce -4.5% 2.97% −0.42
OXY Occidental Petroleum Corp. Sold out 0.00% −0.38
FISV Fiserv Inc. Sold out 0.00% −0.37
VTR Ventas Inc. Reduce -22.1% 1.39% −0.34
WLK Westlake Corp. Reduce -25.1% 0.65% −0.31
FLNC Fluence Energy Inc. Sold out 0.00% −0.26
LYB Lyondellbasell Indu Class A Sold out 0.00% −0.26
ETR Entergy Corp. Reduce -2.3% 2.20% −0.23
EGO Eldorado Gold Corp. Reduce -26.8% 1.26% −0.22
NEM Newmont Corp. Reduce -29.5% 0.69% −0.19
EVRG Evergy Inc. Reduce -0.9% 1.45% −0.19
SOC Sable Offshore Corp. Sold out 0.00% −0.15
TSM Taiwan Semiconductor-SP ADR Reduce -33.7% 0.30% −0.14
JNJ Johnson & Johnson Reduce -25.1% 0.51% −0.14
UBS UBS Group AG-Reg Reduce -18.3% 0.87% −0.13
SEMR Semrush Holdings Inc. Class A Sold out 0.00% −0.07
PDD PDD Holdings Inc. Reduce -3.7% 0.23% −0.07
ADSK Autodesk Inc. Reduce -24.8% 0.11% −0.06
NU Nu Holdings Ltd./Cayman Isl-A Reduce -2.4% 1.20% −0.06
BABA Alibaba Group Holding-SP ADR Reduce -11.5% 0.12% −0.06
B Barrick Mining Corp. Reduce -20.5% 4.09% −0.04
KO The Coca-Cola Co. Reduce -10.5% 0.21% −0.03
OTIS Otis Worldwide Corp. Reduce -8.4% 0.12% −0.03
LX Lexinfintech Holdings L-ADR Sold out 0.00% −0.01
LSPD Lightspeed Commerce Inc. Reduce -0.6% 0.26% −0.01
CFLT Confluent Inc. Class A Sold out 0.00% −0.01
PUBM Pubmatic Inc. Class A Sold out 0.00% −0.00
SUZ Suzano SA - Spon ADR Reduce -1.0% 0.04% −0.00
CERT Certara Inc. Reduce -82.2% 0.00% −0.00
ABT Abbott Laboratories Sold out 0.00% −0.00
RIG Transocean Ltd. Sold out 0.00% −0.00
QGEN Qiagen N.V. Sold out 0.00% −0.00
ARGX Argenx SE - ADR Reduce -31.7% 0.00% −0.00
DXCM Dexcom Inc. Reduce -46.9% 0.00% −0.00
HSIC Henry Schein Inc. Sold out 0.00% −0.00
WAY Waystar Holding Corp. Sold out 0.00% −0.00
DHR Danaher Corp. Sold out 0.00% −0.00
JANX Janux Therapeutics Inc. Reduce -46.4% 0.00% −0.00
MASS 908 Devices Inc. Reduce -2.5% 0.00% −0.00

Portfolio Buys Q3 2025 → Q4 2025
META Meta Platforms Inc. Class A New 2.48% +2.48
TTE Totalenergies SE New 1.91% +1.91
AMZN Amazon.com Inc. Add +44.5% 4.73% +1.40
CRM Salesforce Inc. Add +175.1% 1.92% +1.25
ORCL Oracle Corp. New 0.98% +0.98
MSFT Microsoft Corp. Add +38.8% 4.23% +0.74
CART Maplebear Inc. Add +6623.9% 0.72% +0.71
COLD Americold Realty Trust Inc. New 0.70% +0.70
COF Capital One Financial Corp. Add +12.4% 3.98% +0.66
KDP Keurig Dr Pepper Inc. Add +82.4% 1.40% +0.66
EAT Brinker International Inc. Add +47.9% 1.77% +0.64
HON Honeywell International Inc. Add +1004.6% 0.69% +0.62
SLB SLB Ltd. New 0.56% +0.56
GMED Globus Medical Inc. Class A Add +1.8% 1.66% +0.52
GLOB Globant SA New 0.44% +0.44
HTO H2O America New 0.39% +0.39
DGX Quest Diagnostics Inc. Add +178.7% 0.63% +0.36
CENX Century Aluminum Company New 0.35% +0.35
CHYM Chime Financial Inc. Class A Add +11417.3% 0.33% +0.33
PSIX Power Solutions Internationa New 0.27% +0.27
LNG Cheniere Energy Inc. Add +39.1% 1.52% +0.11
VAL Valaris Ltd. Add +19.8% 0.74% +0.10
WDAY Workday Inc. Class A Add +34.0% 0.86% +0.09
ALNY Alnylam Pharmaceuticals Inc. Add +49.9% 0.40% +0.07
GPCR Structure Therapeutics Inc. Add +1035.1% 0.07% +0.07
NE Noble Corp. PLC Add +39.7% 0.15% +0.04
VLRS Controladora Vuela Cia-ADR Add +295.7% 0.03% +0.03
HDB HDFC Bank Ltd.-ADR Add +11.1% 0.24% +0.02
GTLB Gitlab Inc. Class A New 0.02% +0.02
ROKU Roku Inc. Add +75.9% 0.03% +0.01
FRMI Fermi Inc. New 0.01% +0.01
MGNI Magnite Inc. New 0.01% +0.01
ACIC American Coastal Insurance C Add +41.8% 0.02% +0.01
SG Sweetgreen Inc. Class A New 0.01% +0.01
BRKR Bruker Corp. Add +61.0% 0.01% +0.01
ASHR Xtrackers Harvest Csi 300 CH Add +367.5% 0.04% +0.01
LINE Lineage Inc. New 0.00% +0.00
CLPR Clipper Realty Inc. New 0.00% +0.00
KSPI JSC Kaspi.kz ADR Add +30.5% 0.02% +0.00
SDGR Schrodinger Inc. Add +133.4% 0.00% +0.00
AVA Avista Corp. New 0.00% +0.00
TDW Tidewater Inc. Add +63.1% 0.01% +0.00
MNDY Monday.com Ltd. Add +82.7% 0.01% +0.00
REGN Regeneron Pharmaceuticals New 0.00% +0.00
QGEN Qiagen N.V. New 0.00% +0.00
MDT Medtronic PLC New 0.00% +0.00
GILD Gilead Sciences Inc. New 0.00% +0.00
SYK Stryker Corp. Add +216.5% 0.00% +0.00
TEVA Teva Pharmaceutical-SP ADR New 0.00% +0.00
VRTX Vertex Pharmaceuticals Inc. New 0.00% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 130$5.5BAMZN, AEP, COF, NVDA, EXC
Q1 2026 126$5.2BAMZN, AEP, MSFT, EXC, MRK
Q4 2025 127$4.8BAMZN, AEP, MSFT, B, COF
Q3 2025 115$4.5BAEP, B, FER, EXC, MSFT
Q2 2025 105$3.2BMSFT, GOOGL, COF, AMZN, B
Q1 2025 102$3.2BB, COF, MSFT, GOOGL, MRK
Q4 2024 78$2.9BGOOGL, MSFT, COF, MRK, B
Q3 2024 84$2.9BB, AMZN, MRK, ORCL, COF
Q2 2024 78$2.8BMRK, ORCL, AMZN, MSFT, B
Q1 2024 69$3.2BMRK, ORCL, MSFT, OXY, AMZN