Regal Partners Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 18, 2026), Regal Partners Ltd reported 97 stock positions worth $1.7 billion. Its top holding was Newmont (NEM) at 11.9% of the portfolio, followed by Teck Resources Ltd.-CLS B (TECK, 9.7%) and Freeport-McMoran (FCX, 9.3%). Compared with Q3 2025, it opened 38 new positions, sold out of 28, added to 31 and reduced 20. The biggest buy was Freeport-McMoran (FCX, shares +31%) and the biggest sale an exit from Fox Class B (FOX).
- Most Recent 13F
- Q2 2026
- Location
- SYDNEY, C3
- CIK
- 0001577774
- Portfolio Value
- $1.7B (Q4 2025)
- SEC Filing
- 0001577774-26-000002 ↗ filed Feb 18, 2026
Holdings Value
Holdings 97 stocks · $1.7B
| NEM Newmont Corp. | 11.93% | 2,071,317 | $206.8M | Reduce -7.2% |
| TECK Teck Resources Ltd.-CLS B | 9.72% | 3,521,364 | $168.6M | Add +1.1% |
| FCX Freeport-McMoran Inc. | 9.35% | 3,191,258 | $162.1M | Add +31.3% |
| APO Apollo Global Management Inc. | 8.26% | 989,104 | $143.2M | Add +55.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 7.26% | 2,287,781 | $125.8M | Add +13.3% |
| RPRX Royalty Pharma PLC Class A | 5.88% | 2,640,708 | $102.0M | Add +84.0% |
| WYNN WYNN Resorts Ltd. | 5.59% | 805,646 | $96.9M | No change |
| SNY Sanofi-ADR | 5.34% | 1,911,650 | $92.6M | Add +15.3% |
| UNP Union Pacific Corp. | 3.62% | 271,649 | $62.8M | Add +132.3% |
| WFC Wells Fargo & Co. | 3.25% | 604,596 | $56.3M | Reduce -16.0% |
| GOOG Alphabet Inc. Class C | 2.99% | 165,119 | $51.8M | Reduce -22.9% |
| TFC Truist Financial Corp. | 2.60% | 917,804 | $45.2M | No change |
| B Barrick Mining Corp. | 2.09% | 833,279 | $36.3M | Add +15.3% |
| CCJ Cameco Corp. | 1.98% | 375,990 | $34.4M | Reduce -16.0% |
| NNE Nano Nuclear Energy Inc. | 1.36% | 980,201 | $23.5M | New |
| GROY Gold Royalty Corp. | 1.36% | 5,712,223 | $23.5M | Add +22977.8% |
| AMZN Amazon.com Inc. | 1.30% | 97,860 | $22.6M | Add +2.8% |
| KGC Kinross Gold Corp. | 1.30% | 798,408 | $22.5M | Reduce -18.3% |
| INSP Inspire Medical Systems Inc. | 1.12% | 211,304 | $19.5M | Add +107.7% |
| GEHC GE Healthcare Technology | 1.08% | 227,363 | $18.6M | Reduce -14.0% |
| SCCO Southern Copper Corp. | 0.89% | 108,081 | $15.5M | Add +73.0% |
| AEM Agnico Eagle Mines Ltd. | 0.85% | 87,096 | $14.8M | Reduce -48.4% |
| TW Tradeweb Markets Inc. Class A | 0.66% | 105,761 | $11.4M | Add +12.0% |
| SII Sprott Inc. | 0.58% | 102,807 | $10.1M | Add +3.9% |
| EQX Equinox Gold Corp. | 0.51% | 633,462 | $8.9M | New |
| HYMC Hycroft Mining Holding Co. Class A | 0.43% | 314,677 | $7.5M | New |
| CRM Salesforce Inc. | 0.42% | 27,314 | $7.2M | Reduce -0.4% |
| HBM Hudbay Minerals Inc. | 0.39% | 339,975 | $6.7M | Reduce -47.0% |
| BTU Peabody Energy Corp. | 0.36% | 212,440 | $6.3M | New |
| BTG B2GOLD Corp. | 0.36% | 1,370,464 | $6.2M | New |
| TASEKO MINES LTD | 0.33% | 1,000,000 | $5.7M | New |
| UEC Uranium Energy Corp. | 0.31% | 465,780 | $5.4M | New |
| IREN Iren Ltd. filed as IREN LIMITED | 0.31% | 141,457 | $5.3M | Reduce -0.7% |
| APP AppLovin Corp. Class A | 0.29% | 7,438 | $5.0M | Add +98.3% |
| ALB Albemarle Corp. | 0.24% | 29,595 | $4.2M | New |
| CNR Core Natural Resources Inc. | 0.24% | 46,863 | $4.1M | New |
| XLF SS Financial Select Sector | 0.22% | 69,346 | $3.8M | New |
| META Meta Platforms Inc. Class A | 0.22% | 5,720 | $3.8M | Reduce -5.2% |
| SEZL Sezzle Inc. | 0.22% | 59,054 | $3.7M | New |
| STLD Steel Dynamics Inc. | 0.21% | 21,861 | $3.7M | New |
| HCC Warrior Met Coal Inc. | 0.21% | 41,547 | $3.7M | New |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.19% | 201,390 | $3.4M | Add +1751.9% |
| DAVE Dave Inc. | 0.19% | 15,001 | $3.3M | Add +184.9% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.19% | 77,698 | $3.3M | New |
| NUE Nucor Corp. | 0.18% | 19,291 | $3.1M | Reduce -12.7% |
| GDX Vaneck Gold Miners ETF | 0.18% | 35,551 | $3.0M | Add +74.9% |
| VNOM Viper Energy Inc. Class A | 0.17% | 75,130 | $2.9M | Add +36.2% |
| AA Alcoa Corp. | 0.16% | 53,390 | $2.8M | Reduce -88.2% |
| CIFR Cipher Digital Inc. | 0.15% | 180,000 | $2.7M | Reduce -24.7% |
| NWS News Corp. Class B | 0.15% | 85,213 | $2.5M | Reduce -57.2% |
| CVNA Carvana Co. | 0.14% | 5,550 | $2.3M | Add +113.5% |
| GDXJ Vaneck Junior Gold Miners | 0.13% | 20,368 | $2.3M | Add +25.1% |
| DNN Denison Mines Corp. | 0.13% | 834,798 | $2.2M | New |
| HAPN Happen Inc. filed as LENDINGCLUB CORP | 0.12% | 111,509 | $2.1M | New |
| FIX Comfort Systems USA Inc. | 0.12% | 2,200 | $2.1M | Reduce -0.9% |
| NXE Nexgen Energy Ltd. | 0.11% | 205,000 | $1.9M | Add +412.5% |
| XLI SS Industrial Select Sector | 0.10% | 11,154 | $1.7M | New |
| TKO Tko Group Holdings Inc. | 0.10% | 8,233 | $1.7M | New |
| NTRA Natera Inc. | 0.10% | 7,500 | $1.7M | New |
| HOOD Robinhood Markets Inc. Class A | 0.09% | 13,590 | $1.5M | Add +58.2% |
| SOFI Sofi Technologies Inc. | 0.09% | 56,917 | $1.5M | Add +89.7% |
| LNT Alliant Energy Corp. | 0.08% | 20,482 | $1.3M | New |
| KRP Kimbell Royalty Partners LP | 0.08% | 113,041 | $1.3M | New |
| PM Philip Morris International | 0.07% | 7,908 | $1.3M | New |
| FICO Fair Isaac Corp. | 0.07% | 750 | $1.3M | New |
| CVS CVS Health Corp. | 0.07% | 15,299 | $1.2M | New |
| HSAI Hesai Group | 0.07% | 53,252 | $1.2M | Reduce -16.4% |
| RCL Royal Caribbean Cruises Ltd. | 0.07% | 4,123 | $1.1M | New |
| MHK Mohawk Industries Inc. | 0.07% | 10,483 | $1.1M | New |
| DHR Danaher Corp. | 0.06% | 4,816 | $1.1M | New |
| APLD Applied Digital Corp. | 0.06% | 44,400 | $1.1M | Add +26.9% |
| BKD Brookdale Senior Living Inc. | 0.06% | 100,000 | $1.1M | New |
| LGN Legence Corp. Class A | 0.06% | 25,000 | $1.1M | New |
| GRAB Grab Holdings Ltd. Class A | 0.06% | 214,462 | $1.1M | Add +79.5% |
| TMDX Transmedics Group Inc. | 0.06% | 8,600 | $1.0M | New |
| AMR Alpha Metallurgical Resource | 0.06% | 4,888 | $977K | New |
| WGS Genedx Holdings Corp. | 0.05% | 7,000 | $910K | Add +180.0% |
| UBER Uber Technologies Inc. | 0.05% | 10,911 | $892K | Reduce -4.2% |
| HHH Howard Hughes Holdings Inc. | 0.05% | 10,000 | $798K | New |
| OR Or Royalties Inc. | 0.04% | 19,000 | $672K | No change |
| WWD Woodward Inc. | 0.03% | 2,000 | $605K | New |
| FORM Formfactor Inc. | 0.03% | 10,000 | $558K | New |
| RMBS Rambus Inc. | 0.03% | 6,000 | $551K | Add +50.0% |
| TEM Tempus AI Inc. Class A | 0.03% | 9,000 | $531K | New |
| FSLR First Solar Inc. | 0.03% | 2,000 | $522K | New |
| RADX Radiopharm Theranostics Ltd. | 0.03% | 90,909 | $475K | No change |
| NXDR Nextdoor Holdings Inc. | 0.03% | 224,700 | $472K | Add +79.8% |
| CLS Celestica Inc. | 0.03% | 1,500 | $443K | Add +50.0% |
| RMD Resmed Inc. | 0.03% | 1,800 | $434K | Add +38.5% |
| ZETA Zeta Global Holdings Corp. Class A | 0.02% | 20,000 | $407K | Reduce -60.0% |
| VRT Vertiv Holdings Co. Class A | 0.02% | 2,500 | $405K | No change |
| GRAL Grail Inc. | 0.02% | 4,000 | $342K | New |
| NET Cloudflare Inc. Class A | 0.02% | 1,500 | $296K | New |
| CCLD Carecloud Inc. | 0.02% | 100,000 | $292K | No change |
| APEI American Public Education | 0.02% | 7,338 | $277K | No change |
| PODD Insulet Corp. | 0.01% | 900 | $256K | No change |
| SYM Symbotic Inc. | 0.01% | 4,000 | $238K | Reduce -46.9% |
Portfolio Sells Q3 2025 → Q4 2025
| FOX Fox Corp. Class B | Sold out | 0.00% | −3.06 |
| NEM Newmont Corp. | Reduce -7.2% | 11.93% | −1.53 |
| AEM Agnico Eagle Mines Ltd. | Reduce -48.4% | 0.85% | −1.19 |
| WFC Wells Fargo & Co. | Reduce -16.0% | 3.25% | −1.07 |
| AA Alcoa Corp. | Reduce -88.2% | 0.16% | −0.90 |
| GOOG Alphabet Inc. Class C | Reduce -22.9% | 2.99% | −0.75 |
| CCJ Cameco Corp. | Reduce -16.0% | 1.98% | −0.70 |
| OXY Occidental Petroleum Corp. | Sold out | 0.00% | −0.47 |
| KGC Kinross Gold Corp. | Reduce -18.3% | 1.30% | −0.44 |
| ZONE Zone Frontier Inc. | Sold out | 0.00% | −0.43 |
| IAG Iamgold Corp. | Sold out | 0.00% | −0.38 |
| CORZ Core Scientific Inc. | Sold out | 0.00% | −0.36 |
| MAC COPPER LTD | Sold out | 0.00% | −0.35 |
| NWS News Corp. Class B | Reduce -57.2% | 0.15% | −0.35 |
| GEHC GE Healthcare Technology | Reduce -14.0% | 1.08% | −0.34 |
| HBM Hudbay Minerals Inc. | Reduce -47.0% | 0.39% | −0.31 |
| LODE Comstock Inc. | Sold out | 0.00% | −0.28 |
| HUT Hut 8 Corp. | Sold out | 0.00% | −0.24 |
| IREN Iren Ltd. | Reduce -0.7% | 0.31% | −0.17 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.12 |
| META Meta Platforms Inc. Class A | Reduce -5.2% | 0.22% | −0.10 |
| GLXY Galaxy Digital Inc. Class A | Sold out | 0.00% | −0.10 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −0.09 |
| CRWV Coreweave Inc. Class A | Sold out | 0.00% | −0.08 |
| CPNG Coupang Inc. | Sold out | 0.00% | −0.07 |
| SLV iShares Silver Trust | Sold out | 0.00% | −0.06 |
| CIFR Cipher Digital Inc. | Reduce -24.7% | 0.15% | −0.06 |
| LITS Lite Strategy Inc. | Sold out | 0.00% | −0.06 |
| HSAI Hesai Group | Reduce -16.4% | 0.07% | −0.06 |
| NTES Netease Inc.-ADR | Sold out | 0.00% | −0.05 |
| MOBILICOM LTD | Sold out | 0.00% | −0.05 |
| CRM Salesforce Inc. | Reduce -0.4% | 0.42% | −0.05 |
| ZETA Zeta Global Holdings Corp. Class A | Reduce -60.0% | 0.02% | −0.05 |
| LIF LIFE360 Inc. | Sold out | 0.00% | −0.04 |
| EGO Eldorado Gold Corp. | Sold out | 0.00% | −0.04 |
| NUE Nucor Corp. | Reduce -12.7% | 0.18% | −0.03 |
| UBER Uber Technologies Inc. | Reduce -4.2% | 0.05% | −0.03 |
| TCOM Trip.com Group Ltd.-ADR | Sold out | 0.00% | −0.02 |
| MNSO Miniso Group Holding Ltd.-ADR | Sold out | 0.00% | −0.02 |
| FLNG Flex LNG Ltd. | Sold out | 0.00% | −0.02 |
| OUST Ouster Inc. | Sold out | 0.00% | −0.02 |
| NBIS Nebius Group NV | Sold out | 0.00% | −0.02 |
| BKKT Bakkt Inc. | Sold out | 0.00% | −0.02 |
| SYM Symbotic Inc. | Reduce -46.9% | 0.01% | −0.02 |
| FUTU Futu Holdings Ltd.-ADR | Sold out | 0.00% | −0.01 |
| FIX Comfort Systems USA Inc. | Reduce -0.9% | 0.12% | −0.01 |
| AZ A2Z CUST2MATE Solutions Corp. | Sold out | 0.00% | −0.01 |
| CYVNY Ceryvyn Therapeutics-ADR | Sold out | 0.00% | 0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| FCX Freeport-McMoran Inc. | Add +31.3% | 9.35% | +2.53 |
| RPRX Royalty Pharma PLC Class A | Add +84.0% | 5.88% | +2.26 |
| APO Apollo Global Management Inc. | Add +55.9% | 8.26% | +2.21 |
| UNP Union Pacific Corp. | Add +132.3% | 3.62% | +1.65 |
| NNE Nano Nuclear Energy Inc. | New | 1.36% | +1.36 |
| GROY Gold Royalty Corp. | Add +22977.8% | 1.36% | +1.35 |
| INSP Inspire Medical Systems Inc. | Add +107.7% | 1.12% | +0.58 |
| EQX Equinox Gold Corp. | New | 0.51% | +0.51 |
| HYMC Hycroft Mining Holding Co. Class A | New | 0.43% | +0.43 |
| B Barrick Mining Corp. | Add +15.3% | 2.09% | +0.40 |
| BTU Peabody Energy Corp. | New | 0.36% | +0.36 |
| BTG B2GOLD Corp. | New | 0.36% | +0.36 |
| SCCO Southern Copper Corp. | Add +73.0% | 0.89% | +0.35 |
| TASEKO MINES LTD | New | 0.33% | +0.33 |
| UEC Uranium Energy Corp. | New | 0.31% | +0.31 |
| ALB Albemarle Corp. | New | 0.24% | +0.24 |
| CNR Core Natural Resources Inc. | New | 0.24% | +0.24 |
| XLF SS Financial Select Sector | New | 0.22% | +0.22 |
| SEZL Sezzle Inc. | New | 0.22% | +0.22 |
| STLD Steel Dynamics Inc. | New | 0.21% | +0.21 |
| HCC Warrior Met Coal Inc. | New | 0.21% | +0.21 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.19% | +0.19 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +1751.9% | 0.19% | +0.18 |
| DNN Denison Mines Corp. | New | 0.13% | +0.13 |
| HAPN Happen Inc. | New | 0.12% | +0.12 |
| DAVE Dave Inc. | Add +184.9% | 0.19% | +0.12 |
| XLI SS Industrial Select Sector | New | 0.10% | +0.10 |
| TKO Tko Group Holdings Inc. | New | 0.10% | +0.10 |
| NTRA Natera Inc. | New | 0.10% | +0.10 |
| APP AppLovin Corp. Class A | Add +98.3% | 0.29% | +0.10 |
| NXE Nexgen Energy Ltd. | Add +412.5% | 0.11% | +0.08 |
| LNT Alliant Energy Corp. | New | 0.08% | +0.08 |
| KRP Kimbell Royalty Partners LP | New | 0.08% | +0.08 |
| FICO Fair Isaac Corp. | New | 0.07% | +0.07 |
| PM Philip Morris International | New | 0.07% | +0.07 |
| CVS CVS Health Corp. | New | 0.07% | +0.07 |
| RCL Royal Caribbean Cruises Ltd. | New | 0.07% | +0.07 |
| MHK Mohawk Industries Inc. | New | 0.07% | +0.07 |
| CVNA Carvana Co. | Add +113.5% | 0.14% | +0.06 |
| GDX Vaneck Gold Miners ETF | Add +74.9% | 0.18% | +0.06 |
| DHR Danaher Corp. | New | 0.06% | +0.06 |
| BKD Brookdale Senior Living Inc. | New | 0.06% | +0.06 |
| LGN Legence Corp. Class A | New | 0.06% | +0.06 |
| TMDX Transmedics Group Inc. | New | 0.06% | +0.06 |
| AMR Alpha Metallurgical Resource | New | 0.06% | +0.06 |
| HHH Howard Hughes Holdings Inc. | New | 0.05% | +0.05 |
| WWD Woodward Inc. | New | 0.03% | +0.03 |
| WGS Genedx Holdings Corp. | Add +180.0% | 0.05% | +0.03 |
| FORM Formfactor Inc. | New | 0.03% | +0.03 |
| TEM Tempus AI Inc. Class A | New | 0.03% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 122 | $1.8B | NEM, APO, BAC, RPRX, SCHW |
| Q1 2026 | 106 | $1.8B | NEM, FCX, APO, TECK, BAC |
| Q4 2025 | 97 | $1.7B | NEM, TECK, FCX, APO, BAC |
| Q3 2025 | 87 | $1.4B | NEM, TECK, BAC, WYNN, FCX |
| Q2 2025 | 77 | $1.2B | FCX, TECK, NEM, WYNN, BAC |
| Q1 2025 | 50 | $976.4M | NEM, TECK, WYNN, BAC, FCX |
| Q4 2024 | 56 | $987.7M | TECK, BAC, APO, WYNN, FCX |
| Q3 2024 | 48 | $1.1B | TECK, FCX, APO, WYNN, BAC |
| Q2 2024 | 46 | $965.5M | TECK, APO, BAC, WYNN, WFC |
| Q1 2024Amended | 49 | $994.9M | TECK, APO, FCX, BAC, WYNN |