Platinum Investment Management Ltd.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), Platinum Investment Management Ltd. reported 139 stock positions worth $2.5 billion. Its top holding was Zto Express Cayman Inc.-ADR (ZTO) at 14.7% of the portfolio, followed by Micron Technology (MU, 7.3%) and Intercontinental Exchange (ICE, 6.6%). Compared with Q4 2023, it opened 15 new positions, sold out of 18, added to 31 and reduced 63. The biggest buy was Broadcom (AVGO, shares +3263%) and the biggest sale PDD (PDD, shares −56%).
- Most Recent 13F
- Q2 2026
- Location
- SYDNEY AUSTRALIA 2000, C3
- CIK
- 0001256071
- Portfolio Value
- $2.5B (Q1 2024)
- SEC Filing
- 0001085146-24-002443 ↗ filed May 13, 2024
Holdings Value
Holdings 139 stocks · $2.5B
| ZTO Zto Express Cayman Inc.-ADR | 14.71% | 17,428,610 | $365.0M | Add +22.0% |
| MU Micron Technology Inc. | 7.30% | 1,535,099 | $181.0M | Reduce -1.1% |
| ICE Intercontinental Exchange Inc. | 6.61% | 1,192,693 | $163.9M | Reduce -5.0% |
| TRU Transunion | 6.49% | 2,018,068 | $161.0M | Add +11.4% |
| AVGO Broadcom Inc. | 5.62% | 105,132 | $139.3M | Add +3263.2% |
| TCOM Trip.com Group Ltd.-ADR | 5.58% | 3,150,961 | $138.3M | Reduce -2.1% |
| MCHP Microchip Technology Inc. | 5.56% | 1,536,050 | $137.8M | Reduce -2.4% |
| CCJ Cameco Corp. | 5.40% | 3,092,417 | $134.0M | Add +0.6% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 4.25% | 1,921,722 | $105.3M | No change |
| META Meta Platforms Inc. Class A | 3.32% | 169,850 | $82.5M | Reduce -0.3% |
| VAL Valaris Ltd. | 2.99% | 986,759 | $74.3M | No change |
| BAX Baxter International Inc. | 2.81% | 1,630,942 | $69.7M | No change |
| GOOG Alphabet Inc. Class C | 2.64% | 430,528 | $65.6M | Add +0.0% |
| PDD PDD Holdings Inc. | 2.61% | 557,833 | $64.8M | Reduce -55.8% |
| BABA Alibaba Group Holding-SP ADR | 2.17% | 745,017 | $53.9M | Reduce -4.3% |
| PBR Petroleo Brasileiro-Spon ADR | 2.00% | 3,254,679 | $49.5M | Reduce -5.8% |
| MBLY Mobileye Global Inc. Class A | 1.91% | 1,471,599 | $47.3M | Add +47.8% |
| BALL Ball Corp. | 1.52% | 558,340 | $37.6M | Reduce -0.1% |
| STNG Scorpio Tankers Inc. | 1.30% | 449,478 | $32.2M | No change |
| NOAH Noah Holdings Ltd.-Spon ADS filed as NOAH HLDGS LTD | 1.02% | 2,211,081 | $25.3M | Reduce -14.4% |
| MAC COPPER LTD filed as METALS ACQUISITION LIMITED | 0.98% | 1,897,023 | $24.4M | Reduce -15.2% |
| EXAI Exscientia Ltd. | 0.91% | 3,946,818 | $22.6M | Reduce -3.5% |
| RXRX Recursion Pharmaceuticals-A | 0.72% | 1,800,469 | $18.0M | Reduce -20.8% |
| GOOGL Alphabet Inc. Class A | 0.66% | 108,231 | $16.3M | Add +43.1% |
| JD Jd.com Inc.-ADR | 0.60% | 542,506 | $14.9M | Reduce -0.7% |
| DDL Dingdong Cayman Ltd. -SPN ADR | 0.46% | 9,316,162 | $11.4M | Add +0.1% |
| HTHT H World Group Ltd.-ADR | 0.45% | 288,942 | $11.2M | Reduce -15.8% |
| APGE Apogee Therapeutics Inc. | 0.45% | 167,878 | $11.2M | Reduce -40.8% |
| V Visa Inc. Class A | 0.39% | 34,544 | $9.6M | Add +24.7% |
| ADBE Adobe Inc. | 0.36% | 17,768 | $9.0M | Add +2.6% |
| BCYC Bicycle Therapeutics PLC-ADR | 0.33% | 333,001 | $8.3M | Reduce -8.0% |
| AMZN Amazon.com Inc. | 0.32% | 43,330 | $7.8M | Add +75.7% |
| IDYA Ideaya Biosciences Inc. | 0.29% | 162,554 | $7.1M | Reduce -75.5% |
| ROIV Roivant Sciences Ltd. | 0.28% | 669,047 | $7.1M | No change |
| VERA Vera Therapeutics Inc. | 0.27% | 153,932 | $6.6M | Reduce -23.1% |
| JNJ Johnson & Johnson | 0.25% | 39,813 | $6.3M | Reduce -6.7% |
| IMVT Immunovant Inc. | 0.25% | 190,656 | $6.2M | Reduce -16.7% |
| GOSS Gossamer Bio Inc. | 0.22% | 4,694,065 | $5.5M | Reduce -32.5% |
| CNTA Centessa Pharmaceuticals Ltd. | 0.22% | 485,174 | $5.5M | Add +27.3% |
| QTRX Quanterix Corp. | 0.21% | 217,442 | $5.1M | Reduce -57.4% |
| INHIBRX INC | 0.21% | 145,966 | $5.1M | Reduce -13.0% |
| CSGP Costar Group Inc. | 0.19% | 50,000 | $4.8M | New |
| MRUS Merus NV | 0.18% | 99,490 | $4.5M | Reduce -29.9% |
| ABSI Absci Corp. | 0.18% | 776,602 | $4.4M | Reduce -7.3% |
| ZYME Zymeworks Inc. | 0.18% | 418,376 | $4.4M | Add +2.1% |
| BKNG Booking Holdings Inc. | 0.17% | 1,185 | $4.3M | Reduce -65.4% |
| ESPR Esperion Therapeutics Inc. | 0.17% | 1,597,542 | $4.3M | Reduce -43.2% |
| NFLX Netflix Inc. | 0.16% | 6,648 | $4.0M | Reduce -16.3% |
| RCUS Arcus Biosciences Inc. | 0.16% | 204,398 | $3.9M | No change |
| BNTX Biontech SE-ADR | 0.16% | 41,815 | $3.9M | Reduce -47.4% |
| WVE Wave Life Sciences Ltd. | 0.15% | 600,155 | $3.7M | Reduce -8.4% |
| MSFT Microsoft Corp. | 0.15% | 8,589 | $3.6M | Reduce -67.0% |
| ZTS Zoetis Inc. | 0.14% | 20,000 | $3.4M | New |
| GPCR Structure Therapeutics Inc. | 0.13% | 77,093 | $3.3M | No change |
| ACIU Ac Immune SA | 0.13% | 1,095,026 | $3.2M | Reduce -27.8% |
| OMGAQ Omega Therapeutics Inc. | 0.13% | 886,782 | $3.2M | No change |
| VEEV Veeva Systems Inc. Class A | 0.13% | 13,614 | $3.2M | Reduce -8.8% |
| IMTX Immatics NV | 0.12% | 288,689 | $3.0M | Reduce -7.9% |
| MASS 908 Devices Inc. | 0.11% | 372,300 | $2.8M | Reduce -52.4% |
| TRMD Torm PLC-A | 0.11% | 79,825 | $2.8M | No change |
| ARWR Arrowhead Pharmaceuticals Inc. | 0.11% | 97,168 | $2.8M | No change |
| LBPH Longboard Pharmaceuticals Inc. | 0.11% | 127,048 | $2.7M | No change |
| LULU Lululemon Athletica Inc. | 0.11% | 7,000 | $2.7M | New |
| ORCL Oracle Corp. | 0.11% | 21,762 | $2.7M | Reduce -9.9% |
| LRCX Lam Research Corp. | 0.11% | 2,705 | $2.6M | Reduce -78.9% |
| AMAT Applied Materials Inc. | 0.10% | 12,616 | $2.6M | Reduce -15.1% |
| MRNA Moderna Inc. | 0.10% | 23,573 | $2.5M | Reduce -71.0% |
| KROS Keros Therapeutics Inc. | 0.09% | 34,715 | $2.3M | Reduce -29.0% |
| ADSK Autodesk Inc. | 0.08% | 7,769 | $2.0M | New |
| TKNO Alpha Teknova Inc. | 0.08% | 727,761 | $1.9M | Reduce -1.2% |
| CVAC Curevac NV | 0.08% | 626,684 | $1.9M | Add +25.9% |
| QTTB Q32 Bio Inc. | 0.08% | 109,964 | $1.9M | New |
| HCM Hutchmed China-ADR | 0.07% | 110,366 | $1.9M | Reduce -13.3% |
| NXPI NXP Semiconductors NV | 0.07% | 6,866 | $1.7M | Reduce -9.6% |
| TECH Bio-Techne Corp. | 0.06% | 22,824 | $1.6M | New |
| ANAB Anaptysbio Inc. | 0.06% | 66,154 | $1.5M | New |
| AMD Advanced Micro Devices | 0.06% | 8,232 | $1.5M | Add +20.4% |
| ALLK Allakos LLC | 0.06% | 1,172,061 | $1.5M | Add +84.6% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.06% | 10,000 | $1.5M | No change |
| AURA Aura Biosciences Inc. | 0.06% | 180,145 | $1.4M | No change |
| ADI Analog Devices Inc. | 0.06% | 6,965 | $1.4M | Reduce -20.3% |
| SRPT Sarepta Therapeutics Inc. | 0.05% | 10,275 | $1.3M | No change |
| FDMT 4D Molecular Therapeutics Inc. | 0.05% | 40,767 | $1.3M | New |
| COGT Cogent Biosciences Inc. | 0.05% | 186,254 | $1.3M | Reduce -60.8% |
| CRM Salesforce Inc. | 0.05% | 3,862 | $1.2M | New |
| CYTK Cytokinetics Inc. | 0.05% | 16,126 | $1.1M | Reduce -15.7% |
| QCOM Qualcomm Inc. | 0.05% | 6,636 | $1.1M | Reduce -8.2% |
| PRTA Prothena Corp. PLC | 0.04% | 41,508 | $1.0M | No change |
| KURA Kura Oncology Inc. | 0.04% | 46,789 | $998K | New |
| CNTGF Centogene NV | 0.03% | 1,186,102 | $842K | Reduce -50.1% |
| CDXS Codexis Inc. | 0.03% | 229,667 | $802K | New |
| CDNS Cadence Design SYS Inc. | 0.02% | 1,808 | $563K | No change |
| SGMT Sagimet Biosciences Inc. Class A | 0.02% | 90,633 | $491K | Reduce -18.9% |
| BPMC Blueprint Medicines Corp. | 0.02% | 5,018 | $476K | No change |
| MTCH Match Group Inc. | 0.02% | 12,780 | $464K | New |
| BIIB Biogen Inc. | 0.02% | 2,140 | $461K | Reduce -91.1% |
| CNM Core & Main Inc. Class A | 0.02% | 7,084 | $406K | New |
| FCX Freeport-McMoran Inc. | 0.02% | 8,124 | $382K | Add +74.2% |
| SUZ Suzano SA - Spon ADR | 0.02% | 29,319 | $375K | Reduce -99.0% |
| ERO Ero Copper Corp. | 0.01% | 18,738 | $362K | Add +15.8% |
Portfolio Sells Q4 2023 → Q1 2024
| PDD PDD Holdings Inc. | Reduce -55.8% | 2.61% | −4.88 |
| SUZ Suzano SA - Spon ADR | Reduce -99.0% | 0.02% | −1.28 |
| ICVX Icosavax Inc. | Sold out | 0.00% | −0.88 |
| XYZ Block Inc. | Sold out | 0.00% | −0.86 |
| IREN Iren Ltd. | Sold out | 0.00% | −0.73 |
| IDYA Ideaya Biosciences Inc. | Reduce -75.5% | 0.29% | −0.67 |
| DASH DoorDash Inc. Class A | Sold out | 0.00% | −0.62 |
| RYZB Rayzebio Inc. | Sold out | 0.00% | −0.56 |
| NOAH Noah Holdings Ltd.-Spon ADS | Reduce -14.4% | 1.02% | −0.43 |
| PLNT Planet Fitness Inc. Class A | Sold out | 0.00% | −0.40 |
| QTRX Quanterix Corp. | Reduce -57.4% | 0.21% | −0.36 |
| BKNG Booking Holdings Inc. | Reduce -65.4% | 0.17% | −0.32 |
| LRCX Lam Research Corp. | Reduce -78.9% | 0.11% | −0.30 |
| BABA Alibaba Group Holding-SP ADR | Reduce -4.3% | 2.17% | −0.28 |
| MSFT Microsoft Corp. | Reduce -67.0% | 0.15% | −0.25 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -5.8% | 2.00% | −0.24 |
| MASS 908 Devices Inc. | Reduce -52.4% | 0.11% | −0.24 |
| BIIB Biogen Inc. | Reduce -91.1% | 0.02% | −0.23 |
| MRNA Moderna Inc. | Reduce -71.0% | 0.10% | −0.23 |
| ALLE Allegion PLC | Sold out | 0.00% | −0.23 |
| MCHP Microchip Technology Inc. | Reduce -2.4% | 5.56% | −0.21 |
| CHWY Chewy Inc. Class A | Sold out | 0.00% | −0.19 |
| RXRX Recursion Pharmaceuticals-A | Reduce -20.8% | 0.72% | −0.19 |
| BNTX Biontech SE-ADR | Reduce -47.4% | 0.16% | −0.19 |
| ACIU Ac Immune SA | Reduce -27.8% | 0.13% | −0.18 |
| ESPR Esperion Therapeutics Inc. | Reduce -43.2% | 0.17% | −0.17 |
| MNST Monster Beverage Corp. | Sold out | 0.00% | −0.16 |
| EXAI Exscientia Ltd. | Reduce -3.5% | 0.91% | −0.15 |
| IMVT Immunovant Inc. | Reduce -16.7% | 0.25% | −0.14 |
| MAC COPPER LTD | Reduce -15.2% | 0.98% | −0.14 |
| NSTGQ Nanostring Technologies Inc. | Sold out | 0.00% | −0.08 |
| CNTGF Centogene NV | Reduce -50.1% | 0.03% | −0.08 |
| COGT Cogent Biosciences Inc. | Reduce -60.8% | 0.05% | −0.06 |
| INHIBRX INC | Reduce -13.0% | 0.21% | −0.05 |
| JD Jd.com Inc.-ADR | Reduce -0.7% | 0.60% | −0.04 |
| FWONK Liberty Media Corp. Class C | Sold out | 0.00% | −0.04 |
| INTC Intel Corp. | Reduce -71.8% | 0.01% | −0.04 |
| GOSS Gossamer Bio Inc. | Reduce -32.5% | 0.22% | −0.03 |
| TKNO Alpha Teknova Inc. | Reduce -1.2% | 0.08% | −0.03 |
| KZIA Kazia Therapeutics-Spon ADR | Sold out | 0.00% | −0.03 |
| CYTK Cytokinetics Inc. | Reduce -15.7% | 0.05% | −0.02 |
| HCM Hutchmed China-ADR | Reduce -13.3% | 0.07% | −0.02 |
| JNJ Johnson & Johnson | Reduce -6.7% | 0.25% | −0.02 |
| HTHT H World Group Ltd.-ADR | Reduce -15.8% | 0.45% | −0.02 |
| ADI Analog Devices Inc. | Reduce -20.3% | 0.06% | −0.01 |
| IMTX Immatics NV | Reduce -7.9% | 0.12% | −0.01 |
| CMS CMS Energy Corp. | Sold out | 0.00% | −0.01 |
| AEE Ameren Corporation | Sold out | 0.00% | −0.01 |
| NTR Nutrien Ltd. | Sold out | 0.00% | −0.01 |
| CF CF Industries Holdings Inc. | Reduce -74.2% | 0.00% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| AVGO Broadcom Inc. | Add +3263.2% | 5.62% | +5.48 |
| ZTO Zto Express Cayman Inc.-ADR | Add +22.0% | 14.71% | +2.37 |
| TRU Transunion | Add +11.4% | 6.49% | +1.44 |
| GOOGL Alphabet Inc. Class A | Add +43.1% | 0.66% | +0.23 |
| CSGP Costar Group Inc. | New | 0.19% | +0.19 |
| GOOG Alphabet Inc. Class C | Add +0.0% | 2.64% | +0.18 |
| AMZN Amazon.com Inc. | Add +75.7% | 0.32% | +0.16 |
| MBLY Mobileye Global Inc. Class A | Add +47.8% | 1.91% | +0.16 |
| ZTS Zoetis Inc. | New | 0.14% | +0.14 |
| LULU Lululemon Athletica Inc. | New | 0.11% | +0.11 |
| CNTA Centessa Pharmaceuticals Ltd. | Add +27.3% | 0.22% | +0.10 |
| V Visa Inc. Class A | Add +24.7% | 0.39% | +0.10 |
| ADSK Autodesk Inc. | New | 0.08% | +0.08 |
| QTTB Q32 Bio Inc. | New | 0.08% | +0.08 |
| TECH Bio-Techne Corp. | New | 0.06% | +0.06 |
| ANAB Anaptysbio Inc. | New | 0.06% | +0.06 |
| FDMT 4D Molecular Therapeutics Inc. | New | 0.05% | +0.05 |
| CRM Salesforce Inc. | New | 0.05% | +0.05 |
| KURA Kura Oncology Inc. | New | 0.04% | +0.04 |
| CDXS Codexis Inc. | New | 0.03% | +0.03 |
| AMD Advanced Micro Devices | Add +20.4% | 0.06% | +0.02 |
| MTCH Match Group Inc. | New | 0.02% | +0.02 |
| CNM Core & Main Inc. Class A | New | 0.02% | +0.02 |
| CCJ Cameco Corp. | Add +0.6% | 5.40% | +0.01 |
| APD Air Products & Chemicals Inc. | New | 0.01% | +0.01 |
| ATKR Atkore Inc. | New | 0.01% | +0.01 |
| FCX Freeport-McMoran Inc. | Add +74.2% | 0.02% | +0.01 |
| CTVA Corteva Inc. | Add +245.0% | 0.01% | +0.01 |
| ZYME Zymeworks Inc. | Add +2.1% | 0.18% | +0.00 |
| ERO Ero Copper Corp. | Add +15.8% | 0.01% | +0.00 |
| MOMO Hello Group Inc. -SPN ADR | Add +110.0% | 0.00% | +0.00 |
| CRC California Resources Corp. | Add +11.7% | 0.00% | +0.00 |
| CSCO Cisco Systems Inc. | Add +16.4% | 0.00% | +0.00 |
| JAZZ Jazz Pharmaceuticals PLC | Add +17.8% | 0.00% | +0.00 |
| CLB Core Laboratories Inc. | Add +13.9% | 0.00% | +0.00 |
| HLF Herbalife Ltd. | Add +68.0% | 0.00% | +0.00 |
| FOXA Fox Corp. Class A | Add +11.9% | 0.00% | +0.00 |
| SWKS Skyworks Solutions Inc. | Add +11.3% | 0.00% | +0.00 |
| MMM 3M Co. | Add +11.3% | 0.00% | +0.00 |
| WBD Warner Bros Discovery Inc. | Add +42.0% | 0.00% | +0.00 |
| CHTR Charter Communications Inc. Class A | Add +26.6% | 0.01% | −0.00 |
| FLG New York Community Bancorp | Add +84.4% | 0.00% | −0.00 |
| CVAC Curevac NV | Add +25.9% | 0.08% | −0.01 |
| ALLK Allakos LLC | Add +84.6% | 0.06% | −0.01 |
| ADBE Adobe Inc. | Add +2.6% | 0.36% | −0.06 |
| DDL Dingdong Cayman Ltd. -SPN ADR | Add +0.1% | 0.46% | −0.11 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 85 | $406.7M | ZTO, MU, LRCX, TCOM, DDL |
| Q1 2026 | 89 | $396.8M | ZTO, TCOM, DDL, LRCX, BIRK |
| Q4 2025 | 124 | $432.7M | ZTO, TCOM, DDL, GOOG, AVGO |
| Q3 2025 | 120 | $1.5B | ICE, GOOGL, ABBV, JNJ, MRK |
| Q2 2025 | 115 | $1.5B | GOOGL, UBS, AVGO, RCI, CCJ |
| Q1 2025 | 115 | $1.7B | ZTO, TRU, UBS, GOOGL, MRK |
| Q4 2024 | 115 | $1.7B | ZTO, TRU, GOOGL, ICE, AVGO |
| Q3 2024 | 122 | $2.2B | ZTO, TRU, ICE, PDD, CCJ |
| Q2 2024 | 134 | $2.5B | ZTO, AVGO, MU, GOOGL, CCJ |
| Q1 2024 | 139 | $2.5B | ZTO, MU, ICE, TRU, AVGO |