Platinum Investment Management Ltd.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 8, 2024), Platinum Investment Management Ltd. reported 122 stock positions worth $2.2 billion. Its top holding was Zto Express Cayman Inc.-ADR (ZTO) at 17.4% of the portfolio, followed by Transunion (TRU, 9.0%) and Intercontinental Exchange (ICE, 7.0%). Compared with Q2 2024, it opened 14 new positions, sold out of 26, added to 20 and reduced 67. The biggest buy was Transunion (TRU, shares +0%) and the biggest sale Micron Technology (MU, shares −57%).

Most Recent 13F
Q2 2026
Location
SYDNEY AUSTRALIA 2000, C3
CIK
0001256071
Portfolio Value
$2.2B (Q3 2024)
SEC Filing
0001085146-24-005448 ↗ filed Nov 8, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $2.5B Q1 2024 Q2 2024: $2.5B Q2 2024 Q3 2024: $2.2B $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 122 stocks · $2.2B
ZTO Zto Express Cayman Inc.-ADR 17.45% 15,557,532 $385.4M Reduce -0.6%
TRU Transunion 8.96% 1,889,479 $197.8M Add +0.5%
ICE Intercontinental Exchange Inc. 7.00% 962,585 $154.6M Reduce -0.3%
PDD PDD Holdings Inc. 6.67% 1,092,662 $147.3M Add +26.0%
CCJ Cameco Corp. 6.32% 2,923,463 $139.6M Add +0.5%
GOOGL Alphabet Inc. Class A 4.82% 641,408 $106.4M Reduce -24.8%
TCOM Trip.com Group Ltd.-ADR 3.91% 1,453,757 $86.4M Reduce -45.3%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 3.39% 1,785,365 $74.9M Add +1.9%
LW Lamb Weston Holdings Inc. 3.13% 1,067,229 $69.1M Add +46.3%
AVGO Broadcom Inc. 3.03% 387,868 $66.9M Reduce -61.9%
BAX Baxter International Inc. 2.73% 1,587,070 $60.3M Reduce -0.3%
MCHP Microchip Technology Inc. 2.61% 717,761 $57.6M Reduce -46.5%
MU Micron Technology Inc. 2.47% 525,741 $54.5M Reduce -56.9%
SWKS Skyworks Solutions Inc. 2.41% 539,333 $53.3M Reduce -39.9%
NICE Nice Ltd. - Spon ADR 2.26% 287,678 $50.0M Add +5099.3%
GOOG Alphabet Inc. Class C 2.17% 286,068 $47.8M Reduce -24.3%
VAL Valaris Ltd. 2.16% 856,630 $47.8M Reduce -0.3%
PBR Petroleo Brasileiro-Spon ADR 1.50% 2,295,885 $33.1M Reduce -0.4%
STNG Scorpio Tankers Inc. 1.44% 445,176 $31.7M Reduce -0.3%
DDL Dingdong Cayman Ltd. -SPN ADR 1.38% 8,558,516 $30.4M Reduce -5.6%
NOAH Noah Holdings Ltd.-Spon ADS filed as NOAH HLDGS LTD 1.14% 2,037,121 $25.1M Reduce -5.5%
BABA Alibaba Group Holding-SP ADR 0.99% 206,718 $21.9M Reduce -67.6%
JD Jd.com Inc.-ADR 0.91% 500,318 $20.0M Add +0.0%
META Meta Platforms Inc. Class A 0.57% 21,977 $12.6M Reduce -68.4%
FLUT Flutter Entertainment PLC-Di 0.55% 51,000 $12.1M No change
AMZN Amazon.com Inc. 0.54% 64,315 $12.0M Add +6.6%
HTHT H World Group Ltd.-ADR 0.48% 286,153 $10.6M No change
V Visa Inc. Class A 0.44% 35,405 $9.7M Add +2.5%
ZTS Zoetis Inc. 0.35% 40,000 $7.8M No change
EXAI Exscientia Ltd. 0.32% 1,456,058 $7.1M Reduce -24.6%
CNTA Centessa Pharmaceuticals Ltd. 0.31% 429,701 $6.9M Reduce -13.3%
APGE Apogee Therapeutics Inc. 0.29% 107,694 $6.3M Reduce -27.0%
BCYC Bicycle Therapeutics PLC-ADR 0.28% 272,149 $6.2M Reduce -7.3%
ROIV Roivant Sciences Ltd. 0.28% 528,031 $6.1M Reduce -7.3%
VERA Vera Therapeutics Inc. 0.27% 137,389 $6.1M Add +0.7%
JNJ Johnson & Johnson 0.26% 35,942 $5.8M No change
IMVT Immunovant Inc. 0.25% 192,242 $5.5M No change
AS Amer Sports Inc. 0.22% 300,000 $4.8M New
AAPL Apple Inc. 0.21% 20,000 $4.7M Reduce -41.4%
IDYA Ideaya Biosciences Inc. 0.21% 144,717 $4.6M No change
ADCT Adc Therapeutics SA 0.21% 1,444,516 $4.6M Add +11.4%
BIRK Birkenstock Holding PLC 0.20% 90,000 $4.4M New
BKNG Booking Holdings Inc. 0.19% 1,000 $4.2M Reduce -15.6%
ZYME Zymeworks Inc. 0.19% 327,522 $4.1M Reduce -12.2%
MBX MBX Biosciences Inc. 0.18% 150,000 $3.9M New
MSFT Microsoft Corp. 0.18% 8,989 $3.9M Add +4.7%
WVE Wave Life Sciences Ltd. 0.17% 461,667 $3.8M Reduce -14.1%
CSGP Costar Group Inc. 0.17% 50,000 $3.8M No change
ACIU Ac Immune SA 0.16% 952,069 $3.6M No change
QTRX Quanterix Corp. 0.16% 277,636 $3.6M No change
VEEV Veeva Systems Inc. Class A 0.16% 17,119 $3.6M Add +10.5%
GOSS Gossamer Bio Inc. 0.16% 3,524,908 $3.5M No change
LBPH Longboard Pharmaceuticals Inc. 0.16% 103,858 $3.5M Reduce -8.9%
MRUS Merus NV 0.16% 69,085 $3.5M Reduce -6.3%
ORCL Oracle Corp. 0.16% 20,151 $3.4M Reduce -7.4%
ADBE Adobe Inc. 0.15% 6,335 $3.3M Reduce -11.9%
NFLX Netflix Inc. 0.14% 4,421 $3.1M Reduce -33.5%
QTTB Q32 Bio Inc. 0.13% 66,801 $3.0M Reduce -25.3%
TRMD Torm PLC-A 0.12% 79,199 $2.7M Reduce -0.8%
TXN Texas Instruments Inc. 0.12% 12,297 $2.5M Add +39.5%
ANAB Anaptysbio Inc. 0.11% 75,292 $2.5M Reduce -8.6%
GPCR Structure Therapeutics Inc. 0.11% 57,230 $2.5M No change
RCUS Arcus Biosciences Inc. 0.11% 153,783 $2.4M No change
IMTX Immatics NV 0.11% 203,614 $2.3M No change
AMAT Applied Materials Inc. 0.10% 11,271 $2.3M Reduce -10.7%
LRCX Lam Research Corp. 0.10% 2,725 $2.2M Add +0.7%
ADI Analog Devices Inc. 0.09% 8,314 $1.9M Reduce -9.6%
SKYE Skye Bioscience Inc. 0.09% 485,199 $1.9M New
ESPR Esperion Therapeutics Inc. 0.08% 1,092,862 $1.8M Reduce -8.7%
ABSI Absci Corp. 0.08% 457,403 $1.7M Reduce -13.8%
ARWR Arrowhead Pharmaceuticals Inc. 0.08% 88,425 $1.7M No change
COGT Cogent Biosciences Inc. 0.08% 157,851 $1.7M No change
MBLY Mobileye Global Inc. Class A 0.07% 111,659 $1.5M Reduce -91.1%
AURA Aura Biosciences Inc. 0.07% 162,358 $1.4M No change
RXRX Recursion Pharmaceuticals-A 0.06% 186,082 $1.2M Reduce -53.0%
SNPS Synopsys Inc. 0.05% 2,373 $1.2M New
KROS Keros Therapeutics Inc. 0.05% 20,293 $1.2M No change
FDMT 4D Molecular Therapeutics Inc. 0.05% 100,863 $1.1M Add +175.8%
MGTX Meiragtx Holdings PLC 0.05% 250,000 $1.0M New
BIOA Bioage Labs Inc. 0.05% 50,000 $1.0M New
CDNS Cadence Design SYS Inc. 0.05% 3,813 $1.0M Add +96.8%
SRPT Sarepta Therapeutics Inc. 0.05% 8,001 $999K Reduce -29.2%
MASS 908 Devices Inc. 0.04% 257,423 $893K Reduce -6.1%
ANSS Ansys Inc. 0.04% 2,620 $835K New
KURA Kura Oncology Inc. 0.04% 41,874 $818K No change
NXPI NXP Semiconductors NV 0.04% 3,406 $817K Reduce -50.4%
ISRG Intuitive Surgical Inc. 0.03% 1,455 $715K New
ALLK Allakos LLC 0.03% 1,060,139 $692K No change
CDXS Codexis Inc. 0.03% 200,063 $616K No change
ADSK Autodesk Inc. 0.02% 1,708 $471K New
MANH Manhattan Associates Inc. 0.02% 1,532 $431K New
OMGAQ Omega Therapeutics Inc. 0.02% 346,352 $423K No change
INTC Intel Corp. 0.01% 13,434 $315K Add +30.5%
LBRDK Liberty Broadband-C 0.01% 2,255 $174K New
SRE Sempra 0.01% 1,666 $139K Reduce -25.9%
HBI Hanesbrands Inc. 0.00% 14,521 $107K Reduce -31.6%
ALSN Allison Transmission Holding 0.00% 1,106 $106K Reduce -59.2%
CSCO Cisco Systems Inc. 0.00% 1,989 $106K Reduce -15.0%
WHR Whirlpool Corp. 0.00% 969 $104K Reduce -21.0%
PYPL PayPal Holdings Inc. 0.00% 1,314 $103K New

Show all 122 holdings

Portfolio Sells Q2 2024 → Q3 2024
MU Micron Technology Inc. Reduce -56.9% 2.47% −4.03
AVGO Broadcom Inc. Reduce -61.9% 3.03% −3.59
MCHP Microchip Technology Inc. Reduce -46.5% 2.61% −2.36
GOOGL Alphabet Inc. Class A Reduce -24.8% 4.82% −1.47
SWKS Skyworks Solutions Inc. Reduce -39.9% 2.41% −1.46
MBLY Mobileye Global Inc. Class A Reduce -91.1% 0.07% −1.36
TCOM Trip.com Group Ltd.-ADR Reduce -45.3% 3.91% −1.14
BABA Alibaba Group Holding-SP ADR Reduce -67.6% 0.99% −0.86
META Meta Platforms Inc. Class A Reduce -68.4% 0.57% −0.85
GOOG Alphabet Inc. Class C Reduce -24.3% 2.17% −0.64
VAL Valaris Ltd. Reduce -0.3% 2.16% −0.43
MRNA Moderna Inc. Sold out 0.00% −0.09
AAPL Apple Inc. Reduce -41.4% 0.21% −0.08
EXAI Exscientia Ltd. Reduce -24.6% 0.32% −0.08
QCOM Qualcomm Inc. Sold out 0.00% −0.07
RXRX Recursion Pharmaceuticals-A Reduce -53.0% 0.06% −0.06
LULU Lululemon Athletica Inc. Sold out 0.00% −0.06
TECH Bio-Techne Corp. Sold out 0.00% −0.06
RYAAY Ryanair Holdings PLC-SP ADR Sold out 0.00% −0.05
AMD Advanced Micro Devices Sold out 0.00% −0.05
NFLX Netflix Inc. Reduce -33.5% 0.14% −0.04
NXPI NXP Semiconductors NV Reduce -50.4% 0.04% −0.04
STNG Scorpio Tankers Inc. Reduce -0.3% 1.44% −0.03
CYTK Cytokinetics Inc. Sold out 0.00% −0.03
TKNO Alpha Teknova Inc. Sold out 0.00% −0.03
SRPT Sarepta Therapeutics Inc. Reduce -29.2% 0.05% −0.03
ESPR Esperion Therapeutics Inc. Reduce -8.7% 0.08% −0.03
MRUS Merus NV Reduce -6.3% 0.16% −0.02
FIVN FIVE9 Inc. Sold out 0.00% −0.02
AMAT Applied Materials Inc. Reduce -10.7% 0.10% −0.02
MASS 908 Devices Inc. Reduce -6.1% 0.04% −0.02
BALL Ball Corp. Sold out 0.00% −0.02
MAC COPPER LTD Sold out 0.00% −0.01
SUZ Suzano SA - Spon ADR Sold out 0.00% −0.01
APD Air Products & Chemicals Inc. Sold out 0.00% −0.01
ADBE Adobe Inc. Reduce -11.9% 0.15% −0.01
CCK Crown Holdings Inc. Sold out 0.00% −0.01
CNM Core & Main Inc. Class A Sold out 0.00% −0.01
AMBP Ardagh Metal Packaging SA Sold out 0.00% −0.01
ATKR Atkore Inc. Sold out 0.00% −0.01
ERO Ero Copper Corp. Sold out 0.00% −0.01
NVDA Nvidia Corp. Reduce -68.9% 0.00% −0.01
FCX Freeport-McMoran Inc. Sold out 0.00% −0.01
CTVA Corteva Inc. Sold out 0.00% −0.01
CHTR Charter Communications Inc. Class A Sold out 0.00% −0.01
ALV Autoliv Inc. Sold out 0.00% −0.01
MMM 3M Co. Sold out 0.00% −0.00
ALSN Allison Transmission Holding Reduce -59.2% 0.00% −0.00
TRMD Torm PLC-A Reduce -0.8% 0.12% −0.00
JXN Jackson Financial Inc. Class A Reduce -61.6% 0.00% −0.00

Portfolio Buys Q2 2024 → Q3 2024
TRU Transunion Add +0.5% 8.96% +3.31
NICE Nice Ltd. - Spon ADR Add +5099.3% 2.26% +2.22
PDD PDD Holdings Inc. Add +26.0% 6.67% +2.00
LW Lamb Weston Holdings Inc. Add +46.3% 3.13% +0.65
CCJ Cameco Corp. Add +0.5% 6.32% +0.53
JD Jd.com Inc.-ADR Add +0.0% 0.91% +0.38
AS Amer Sports Inc. New 0.22% +0.22
BIRK Birkenstock Holding PLC New 0.20% +0.20
MBX MBX Biosciences Inc. New 0.18% +0.18
SKYE Skye Bioscience Inc. New 0.09% +0.09
VERA Vera Therapeutics Inc. Add +0.7% 0.27% +0.08
V Visa Inc. Class A Add +2.5% 0.44% +0.07
AMZN Amazon.com Inc. Add +6.6% 0.54% +0.07
SNPS Synopsys Inc. New 0.05% +0.05
VEEV Veeva Systems Inc. Class A Add +10.5% 0.16% +0.05
MGTX Meiragtx Holdings PLC New 0.05% +0.05
BIOA Bioage Labs Inc. New 0.05% +0.05
SLB SLB Ltd. Add +1.9% 3.39% +0.05
TXN Texas Instruments Inc. Add +39.5% 0.12% +0.05
ADCT Adc Therapeutics SA Add +11.4% 0.21% +0.04
ANSS Ansys Inc. New 0.04% +0.04
ISRG Intuitive Surgical Inc. New 0.03% +0.03
CDNS Cadence Design SYS Inc. Add +96.8% 0.05% +0.02
ADSK Autodesk Inc. New 0.02% +0.02
MSFT Microsoft Corp. Add +4.7% 0.18% +0.02
MANH Manhattan Associates Inc. New 0.02% +0.02
FDMT 4D Molecular Therapeutics Inc. Add +175.8% 0.05% +0.02
LBRDK Liberty Broadband-C New 0.01% +0.01
PYPL PayPal Holdings Inc. New 0.00% +0.00
CORT Corcept Therapeutics Inc. New 0.00% +0.00
INTC Intel Corp. Add +30.5% 0.01% +0.00
HLF Herbalife Ltd. Add +31.4% 0.00% +0.00
NE Noble Corp. PLC Add +8.8% 0.00% −0.00
LRCX Lam Research Corp. Add +0.7% 0.10% −0.02

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