Q4 2025 · 13F-HR
PLATINUM INVESTMENT MANAGEMENT LTDholdings as filed
Filed 2026-02-13 · accession 0001256071-26-000004
$432.7M
Reported value
124
Positions
2025-12-31
Period end
The Brief · PLATINUM INVESTMENT MANAGEMENT LTD · Q4 2025
AI · grounded in 13F
PLATINUM INVESTMENT MANAGEMENT LTD established a new position in CAT worth $3.15M. The fund also opened new stakes in MOD for $2.33M and CAVA for $2.2M. On the sell side, the fund significantly reduced its holdings in GOOGL and MU, cutting share counts by 95.8% and 94.7% respectively.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 98980A105 | ZTO | ZTO EXPRESS CAYMAN INC | $41.7M | 9.63% | 1,994,127 | Common | SOLE |
| 89677Q107 | TCOM | TRIP COM GROUP LTD | $31.9M | 7.37% | 443,718 | Common | SOLE |
| 25445D101 | DDL | DINGDONG CAYMAN LTD | $16.1M | 3.72% | 6,460,889 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $11.6M | 2.67% | 36,843 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $10.7M | 2.47% | 30,874 | Common | SOLE |
| 65487X102 | NOAH | NOAH HLDGS LTD | $10.6M | 2.46% | 1,058,912 | Common | SOLE |
| M2029K104 | BIRK | BIRKENSTOCK HOLDING PLC | $10.1M | 2.34% | 247,600 | Common | SOLE |
| 512807306 | LRCX | LAM RESEARCH CORP | $9.6M | 2.21% | 55,845 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $8.9M | 2.06% | 78,445 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $7.2M | 1.66% | 31,080 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $7.1M | 1.64% | 24,920 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $6.9M | 1.59% | 30,102 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC | $6.7M | 1.54% | 63,316 | Common | SOLE |
| 303250104 | FICO | FAIR ISAAC CORP | $6.5M | 1.51% | 3,859 | Common | SOLE |
| 86366E106 | GPCR | STRUCTURE THERAPEUTICS INC | $6.1M | 1.41% | 87,874 | Common | SOLE |
| 92337R101 | VERA | VERA THERAPEUTICS INC | $6.0M | 1.40% | 119,384 | Common | SOLE |
| 988498101 | YUM | YUM BRANDS INC | $6.0M | 1.39% | 39,847 | Common | SOLE |
| 46266C105 | IQV | IQVIA HLDGS INC | $6.0M | 1.39% | 26,708 | Common | SOLE |
| G0260P102 | AS | AMER SPORTS INC | $6.0M | 1.38% | 160,000 | Common | SOLE |
| 04280A100 | ARWR | ARROWHEAD PHARMACEUTICALS IN | $5.9M | 1.37% | 89,484 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $5.8M | 1.33% | 27,830 | Common | SOLE |
| 775109200 | RCI | ROGERS COMMUNICATIONS INC | $5.6M | 1.29% | 147,160 | Common | SOLE |
| 44332N106 | HTHT | H WORLD GROUP LTD | $5.6M | 1.28% | 117,996 | Common | SOLE |
| H42097107 | UBS | UBS GROUP AG | $5.5M | 1.27% | 117,507 | Common | SOLE |
| 98978V103 | ZTS | ZOETIS INC | $5.3M | 1.22% | 42,000 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $5.3M | 1.22% | 28,191 | Common | SOLE |
| 03770N101 | APGE | APOGEE THERAPEUTICS INC | $5.2M | 1.21% | 69,212 | Common | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $5.2M | 1.19% | 63,217 | Common | SOLE |
| 45866F104 | ICE | INTERCONTINENTAL EXCHANGE IN | $5.2M | 1.19% | 31,856 | Common | SOLE |
| 92826C839 | V | VISA INC | $5.2M | 1.19% | 14,700 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $5.0M | 1.16% | 16,000 | Common | SOLE |
| 00724F101 | ADBE | ADOBE INC | $4.8M | 1.12% | 13,846 | Common | SOLE |
| 45258J102 | IMVT | IMMUNOVANT INC | $4.6M | 1.07% | 181,774 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $4.6M | 1.07% | 7,000 | Common | SOLE |
| 437076102 | HD | HOME DEPOT INC | $4.6M | 1.06% | 13,300 | Common | SOLE |
| 880881107 | 430 | TERNS PHARMACEUTICALS INC | $4.5M | 1.03% | 110,734 | Common | SOLE |
| 22160N109 | CSGP | COSTAR GROUP INC | $4.4M | 1.01% | 65,000 | Common | SOLE |
| 19240Q201 | COGT | COGENT BIOSCIENCES INC | $4.3M | 1.00% | 121,229 | Common | SOLE |
| 339750101 | FND | FLOOR & DECOR HLDGS INC | $4.2M | 0.97% | 68,900 | Common | SOLE |
| 45166A102 | IDYA | IDEAYA BIOSCIENCES INC | $4.2M | 0.96% | 120,604 | Common | SOLE |
| 501044101 | KR | KROGER CO | $4.2M | 0.96% | 66,666 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $4.1M | 0.96% | 8,573 | Common | SOLE |
| G76279101 | ROIV | ROIVANT SCIENCES LTD | $4.1M | 0.95% | 189,146 | Common | SOLE |
| Y95308105 | WVE | WAVE LIFE SCIENCES LTD | $3.9M | 0.91% | 230,687 | Common | SOLE |
| 152309100 | CNTA | CENTESSA PHARMACEUTICALS PLC | $3.9M | 0.90% | 155,101 | Common | SOLE |
| 13321L108 | CCJ | CAMECO CORP | $3.9M | 0.90% | 42,356 | Common | SOLE |
| 89400J107 | TRU | TRANSUNION | $3.8M | 0.88% | 44,595 | Common | SOLE |
| 10806X102 | BBIO | BRIDGEBIO PHARMA INC | $3.7M | 0.84% | 47,756 | Common | SOLE |
| 978097103 | WWW | WOLVERINE WORLD WIDE INC | $3.6M | 0.84% | 200,000 | Common | SOLE |
| H0036K147 | ADCT | ADC THERAPEUTICS SA | $3.5M | 0.81% | 990,778 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $3.2M | 0.75% | 5,689 | Common | SOLE |
| 03969F109 | RCUS | ARCUS BIOSCIENCES INC | $3.2M | 0.74% | 134,217 | Common | SOLE |
| 26856L103 | ELF | E L F BEAUTY INC | $3.2M | 0.74% | 42,000 | Common | SOLE |
| 149123101 | CAT | CATERPILLAR INC | $3.2M | 0.73% | 5,500 | Common | SOLE |
| 98985Y108 | ZYME | ZYMEWORKS INC | $2.8M | 0.64% | 105,184 | Common | SOLE |
| 46120E602 | ISRG | INTUITIVE SURGICAL INC | $2.7M | 0.63% | 4,846 | Common | SOLE |
| N71542109 | PRQR | PROQR THRAPEUTICS N V | $2.5M | 0.58% | 1,235,514 | Common | SOLE |
| 922475108 | VEEV | VEEVA SYS INC | $2.5M | 0.57% | 11,110 | Common | SOLE |
| 482480100 | KLAC | KLA CORP | $2.5M | 0.57% | 2,039 | Common | SOLE |
| 607828100 | MOD | MODINE MFG CO | $2.3M | 0.54% | 17,455 | Common | SOLE |
| G9460G101 | VAL | VALARIS LTD | $2.3M | 0.54% | 45,956 | Common | SOLE |
| 26701L100 | BROS | DUTCH BROS INC | $2.3M | 0.53% | 37,500 | Common | SOLE |
| 148929102 | CAVA | CAVA GROUP INC | $2.2M | 0.51% | 37,500 | Common | SOLE |
| 45168D104 | IDXX | IDEXX LABS INC | $2.0M | 0.47% | 3,000 | Common | SOLE |
| 36828A101 | GEV | GE VERNOVA INC | $2.0M | 0.46% | 3,047 | Common | SOLE |
| 92537N108 | VRT | VERTIV HOLDINGS CO | $2.0M | 0.45% | 12,045 | Common | SOLE |
| 974155103 | WING | WINGSTOP INC | $1.9M | 0.44% | 8,000 | Common | SOLE |
| 101137107 | BSX | BOSTON SCIENTIFIC CORP | $1.9M | 0.43% | 19,554 | Common | SOLE |
| 38341P102 | GOSS | GOSSAMER BIO INC | $1.7M | 0.40% | 561,951 | Common | SOLE |
| 10919W405 | DRUG | BRIGHT MINDS BIOSCIENCES INC | $1.7M | 0.39% | 21,730 | Common | SOLE |
| 620076307 | MSI | MOTOROLA SOLUTIONS INC | $1.6M | 0.38% | 4,275 | Common | SOLE |
| 040413205 | ANET | ARISTA NETWORKS INC | $1.6M | 0.38% | 12,456 | Common | SOLE |
| 696389402 | PALI | PALISADE BIO INC | $1.6M | 0.36% | 664,087 | Common | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $1.5M | 0.36% | 7,210 | Common | SOLE |
| 76155X100 | RVMD | REVOLUTION MEDICINES INC | $1.5M | 0.34% | 18,652 | Common | SOLE |
| 55287L101 | MBX | MBX BIOSCIENCES INC | $1.4M | 0.32% | 43,597 | Common | SOLE |
| 82509L107 | SHOP | SHOPIFY INC | $1.3M | 0.30% | 8,161 | Common | SOLE |
| 088786108 | BCYC | BICYCLE THERAPEUTICS PLC | $1.3M | 0.30% | 184,603 | Common | SOLE |
| 86150R107 | STOK | STOKE THERAPEUTICS INC | $1.3M | 0.30% | 40,815 | Common | SOLE |
| 73933G202 | PSIX | POWER SOLUTIONS INTL INC | $1.1M | 0.26% | 20,000 | Common | SOLE |
| 22266T109 | CPNG | COUPANG INC | $1.1M | 0.26% | 47,735 | Common | SOLE |
| 09857L108 | BKNG | BOOKING HOLDINGS INC | $1.1M | 0.25% | 200 | Common | SOLE |
| 60255C885 | BRD1EUR | MIND MEDICINE MINDMED INC | $937,300 | 0.22% | 70,000 | Common | SOLE |
| 47215P106 | JD | JD.COM INC | $885,481 | 0.20% | 30,853 | Common | NONE |
| 04335A105 | ARVN | ARVINAS INC | $860,170 | 0.20% | 72,527 | Common | SOLE |
| 00091E109 | ABSI | ABSCI CORPORATION | $829,796 | 0.19% | 237,764 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $781,711 | 0.18% | 5,333 | Common | NONE |
| G59665102 | MGTX | MEIRAGTX HLDGS PLC | $746,680 | 0.17% | 93,922 | Common | SOLE |
| 05153U107 | AURA | AURA BIOSCIENCES INC | $609,664 | 0.14% | 111,865 | Common | SOLE |
| 192005106 | CDXS | CODEXIS INC | $431,076 | 0.10% | 264,464 | Common | SOLE |
| N5505D105 | MICC | MAGNUM ICE CREAM CO NV | $346,668 | 0.08% | 21,682 | Common | SOLE |
| 732908108 | PONY | PONY AI INC | $240,004 | 0.06% | 16,552 | Common | SOLE |
| 458140100 | INTC | INTEL CORP | $201,216 | 0.05% | 5,453 | Common | SOLE |
| 71654V101 | PBR/A | PETROLEO BRASILEIRO SA PETRO | $181,988 | 0.04% | 16,148 | Common | SOLE |
| 83086J200 | SKYE | SKYE BIOSCIENCE INC | $174,751 | 0.04% | 233,095 | Common | SOLE |
| 09739D100 | BCC | BOISE CASCADE CO DEL | $103,261 | 0.02% | 1,403 | Common | SOLE |
| 530307305 | LBRDK | LIBERTY BROADBAND CORP | $100,116 | 0.02% | 2,060 | Common | SOLE |
| G50871105 | JAZZ | JAZZ PHARMACEUTICALS PLC | $76,840 | 0.02% | 452 | Common | SOLE |
| 68268W103 | OMF | ONEMAIN HLDGS INC | $73,697 | 0.02% | 1,091 | Common | SOLE |
| 382550101 | GT | GOODYEAR TIRE & RUBR CO | $72,217 | 0.02% | 8,244 | Common | SOLE |
| 447011107 | HUN | HUNTSMAN CORP | $67,610 | 0.02% | 6,761 | Common | SOLE |
| 21867A105 | CLB | CORE LABORATORIES INC | $67,262 | 0.02% | 4,196 | Common | SOLE |
| 576485205 | MTDR | MATADOR RES CO | $66,758 | 0.02% | 1,573 | Common | SOLE |
| 92837L109 | VIST | VISTA ENERGY S.A.B. DE C.V. | $66,664 | 0.02% | 1,370 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $66,352 | 0.02% | 201 | Common | SOLE |
| 963320106 | WHR | WHIRLPOOL CORP | $66,297 | 0.02% | 919 | Common | SOLE |
| 126650100 | CVS | CVS HEALTH CORP | $65,869 | 0.02% | 830 | Common | SOLE |
| 87612E106 | TGT | TARGET CORP | $65,786 | 0.02% | 673 | Common | SOLE |
| 260557103 | DOW | DOW INC | $65,417 | 0.02% | 2,798 | Common | SOLE |
| 134429109 | CPB | THE CAMPBELLS COMPANY | $64,129 | 0.01% | 2,301 | Common | SOLE |
| 36118L106 | FUTU | FUTU HLDGS LTD | $64,042 | 0.01% | 390 | Common | SOLE |
| 125523100 | CI | THE CIGNA GROUP | $62,752 | 0.01% | 228 | Common | SOLE |
| 913903100 | UHS | UNIVERSAL HLTH SVCS INC | $62,136 | 0.01% | 285 | Common | SOLE |
| 01973R101 | ALSN | ALLISON TRANSMISSION HLDGS I | $61,873 | 0.01% | 632 | Common | SOLE |
| 370334104 | GIS | GENERAL MLS INC | $60,543 | 0.01% | 1,302 | Common | SOLE |
| N53745100 | LYB | LYONDELLBASELL INDUSTRIES N | $59,667 | 0.01% | 1,378 | Common | SOLE |
| 40434L105 | HPQ | HP INC | $59,465 | 0.01% | 2,669 | Common | SOLE |
| 086516101 | BBY | BEST BUY INC | $57,091 | 0.01% | 853 | Common | SOLE |
| G65431127 | NE | NOBLE CORP PLC | $55,492 | 0.01% | 1,965 | Common | SOLE |
| G4412G101 | HLF | HERBALIFE LTD | $48,763 | 0.01% | 3,783 | Common | SOLE |
| 46817M107 | JXN | JACKSON FINANCIAL INC | $36,474 | 0.01% | 342 | Common | SOLE |
| 37959E102 | GL | GLOBE LIFE INC | $34,266 | 0.01% | 245 | Common | SOLE |
| 279158109 | EC | ECOPETROL S A | $31,132 | 0.01% | 3,107 | Common | SOLE |
| 423403104 | MOMO | HELLO GROUP INC | $26,508 | 0.01% | 4,047 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.