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

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $2.5B $2.5B Q1 2024 Q2 2024: $2.5B Q2 2024 Q3 2024: $2.2B Q3 2024 Q4 2024: $1.7B Q4 2024 Q1 2025: $1.7B Q1 2025 Q2 2025: $1.5B Q2 2025 Q3 2025: $1.5B Q3 2025 Q4 2025: $432.7M Q4 2025 Q1 2026: $396.8M Q1 2026 Q2 2026: $406.7M Q2 2026

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%
CCK Crown Holdings Inc. 0.01% 4,003 $317K No change
APD Air Products & Chemicals Inc. 0.01% 1,273 $308K New
ATKR Atkore Inc. 0.01% 1,594 $303K New
NVDA Nvidia Corp. 0.01% 331 $299K Reduce -45.1%
INTC Intel Corp. 0.01% 6,570 $290K Reduce -71.8%
AMBP Ardagh Metal Packaging SA 0.01% 66,982 $230K No change
ALSN Allison Transmission Holding 0.01% 2,708 $220K Reduce -18.9%
CTVA Corteva Inc. 0.01% 3,329 $192K Add +245.0%
ALV Autoliv Inc. 0.01% 1,372 $165K No change
SRE Sempra 0.01% 2,005 $144K No change
CHTR Charter Communications Inc. Class A 0.01% 486 $141K Add +26.6%
HLF Herbalife Ltd. 0.00% 11,374 $114K Add +68.0%
BBY Best Buy Co. Inc. 0.00% 1,387 $114K No change
TSN Tyson Foods Inc. Class A 0.00% 1,872 $110K No change
JXN Jackson Financial Inc. Class A 0.00% 1,659 $110K Reduce -12.1%
KSS Kohls Corp. 0.00% 3,754 $109K No change
CLB Core Laboratories Inc. 0.00% 6,351 $108K Add +13.9%
NE Noble Corp. PLC 0.00% 2,234 $108K No change
MMM 3M Co. 0.00% 1,020 $108K Add +11.3%
T AT&T Inc. 0.00% 6,087 $107K No change
OMF Onemain Holdings Inc. 0.00% 2,094 $107K No change
UHS Universal Health Services-B 0.00% 586 $107K Reduce -9.6%
CRC California Resources Corp. 0.00% 1,930 $106K Add +11.7%
SWKS Skyworks Solutions Inc. 0.00% 979 $106K Add +11.3%
HBI Hanesbrands Inc. 0.00% 17,943 $104K Reduce -27.6%
CSCO Cisco Systems Inc. 0.00% 2,083 $104K Add +16.4%
CI The Cigna Group 0.00% 286 $104K Reduce -16.4%
RL Ralph Lauren Corp. 0.00% 543 $102K Reduce -21.8%
JAZZ Jazz Pharmaceuticals PLC 0.00% 821 $99K Add +17.8%
CTSH Cognizant Tech Solutions-A 0.00% 1,278 $94K Reduce -8.9%
FLG New York Community Bancorp 0.00% 17,543 $56K Add +84.4%
MOMO Hello Group Inc. -SPN ADR 0.00% 8,971 $56K Add +110.0%
FOXA Fox Corp. Class A 0.00% 1,724 $54K Add +11.9%
WBD Warner Bros Discovery Inc. 0.00% 5,967 $52K Add +42.0%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.00% 600 $50K Reduce -74.2%
LU Lufax Holding Ltd.-ADR 0.00% 11,394 $48K Reduce -21.0%
VTLE Vital Energy Inc. 0.00% 857 $45K No change
TPICQ Tpi Composites Inc. 0.00% 5,011 $15K No change
KD Kyndryl Holdings Inc. 0.00% 241 $5K No change

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 85$406.7MZTO, MU, LRCX, TCOM, DDL
Q1 2026 89$396.8MZTO, TCOM, DDL, LRCX, BIRK
Q4 2025 124$432.7MZTO, TCOM, DDL, GOOG, AVGO
Q3 2025 120$1.5BICE, GOOGL, ABBV, JNJ, MRK
Q2 2025 115$1.5BGOOGL, UBS, AVGO, RCI, CCJ
Q1 2025 115$1.7BZTO, TRU, UBS, GOOGL, MRK
Q4 2024 115$1.7BZTO, TRU, GOOGL, ICE, AVGO
Q3 2024 122$2.2BZTO, TRU, ICE, PDD, CCJ
Q2 2024 134$2.5BZTO, AVGO, MU, GOOGL, CCJ
Q1 2024 139$2.5BZTO, MU, ICE, TRU, AVGO