Packer & Co Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 20, 2026), Packer & Co Ltd reported 10 stock positions worth $375.6 million. Its top holding was iShares Gold Trust (IAU) at 39.6% of the portfolio, followed by Centene (CNC, 15.5%) and Petroleo Brasil-SP Pref ADR (PBR.A, 11.8%). Compared with Q3 2025, it opened 3 new positions and reduced 4. The biggest buy was a new position in Petroleo Brasil-SP Pref ADR (PBR.A) and the biggest sale Noble (NE, shares −92%).
- Most Recent 13F
- Q1 2026
- Location
- COTTESLOE, C3
- CIK
- 0001664017
- Portfolio Value
- $375.6M (Q4 2025)
- SEC Filing
- 0001664017-26-000001 ↗ filed Jan 20, 2026
Holdings Value
Holdings 10 stocks · $375.6M
| IAU iShares Gold Trust | 39.55% | 1,830,100 | $148.5M | Reduce -14.9% |
| CNC Centene Corp. | 15.50% | 1,415,000 | $58.2M | No change |
| PBR.A Petroleo Brasil-SP Pref ADR | 11.85% | 3,948,602 | $44.5M | New |
| NXE Nexgen Energy Ltd. | 7.41% | 3,024,793 | $27.8M | No change |
| AQN Algonquin Power & Utilities | 7.39% | 4,513,113 | $27.8M | No change |
| VIPS Vipshop Holdings Ltd. - ADR | 7.30% | 1,549,263 | $27.4M | New |
| PYPL PayPal Holdings Inc. | 3.57% | 230,000 | $13.4M | New |
| VAL Valaris Ltd. | 2.72% | 203,000 | $10.2M | Reduce -86.9% |
| NE Noble Corp. PLC | 2.43% | 323,000 | $9.1M | Reduce -92.4% |
| SDRL Seadrill Limited | 2.28% | 247,080 | $8.5M | Reduce -45.1% |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q1 2026 | 10 | $267.4M | PBR.A, CNC, NXE, SDRL, NE |
| Q4 2025 | 10 | $375.6M | IAU, CNC, PBR.A, NXE, AQN |
| Q3 2025 | 7 | $361.9M | IAU, NE, CNC, VAL, NXE |
| Q1 2025 | 10 | $329.2M | IAU, HES, PBR.A, VIPS, AQN |
| Q4 2024 | 6 | $312.9M | IAU, HES, STNG, NE, SDRL |
| Q3 2024 | 3 | $294.8M | IAU, HES, STNG |
| Q2 2024 | 3 | $293.7M | IAU, HES, STNG |
| Q1 2024 | 3 | $285.6M | IAU, HES, STNG |