— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

PLATINUM INVESTMENT MANAGEMENT LTD

Q4 2025 · Filed 2026-02-13
Market Value
$404M
-73.3%
Holdings
132
+10
New Purchases
20
Added To
8
Closed
17
Reduced
78
Top 10 Concentration
38.4%
Turnover
28.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ZTO 10.31% 2.85% +7.46% $42M
TCOM 7.90% 2.35% +5.54% $32M
DDL 3.98% 0.91% +3.07% $16M
NOAH 2.63% 0.99% +1.64% $11M
PDD 2.20% 0.77% +1.43% $9M
GPCR 1.51% 0.23% +1.29% $6M
ARWR 1.47% 0.25% +1.22% $6M
VERA 1.50% 0.31% +1.19% $6M
AMZN 1.78% 0.61% +1.16% $7M
FICO 1.61% 0.51% +1.10% $7M
TERN 1.11% 0.06% +1.04% $4M
NVDA 1.30% 0.35% +0.95% $5M
IMVT 1.14% 0.21% +0.93% $5M
ZTS 1.31% 0.39% +0.92% $5M
HTHT 1.37% 0.47% +0.90% $6M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ICE 1.28% 6.63% -5.35% $5M
GOOGL 1.24% 6.12% -4.88% $5M
ABBV 1.70% 5.66% -3.96% $7M
JNJ 1.43% 5.23% -3.80% $6M
MRK 1.65% 5.20% -3.55% $7M
MU 1.76% 5.20% -3.44% $7M
ADBE 1.20% 4.45% -3.25% $5M
IQV 1.49% 4.61% -3.12% $6M
YUM 1.49% 4.36% -2.87% $6M
CCJ 0.96% 3.74% -2.78% $4M
LRCX 2.37% 5.09% -2.72% $10M
UBS 1.36% 3.89% -2.54% $5M
VAL 0.57% 3.11% -2.53% $2M
RCI 1.38% 3.88% -2.50% $6M
TRU 0.95% 3.40% -2.45% $4M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 24 $108M 26.6%
Large Cap 56 $191M 47.4%
Mid Cap 32 $54M 13.4%
Small Cap 17 $46M 11.4%
Micro Cap 3 $5M 1.2%

Portfolio Analytics

Avg Market Cap
$264.0B
Median Market Cap
$19.0B
Avg P/E
35.1
Median P/E
25.4
Avg Dividend Yield
0.01%
Avg Beta
1.03
# Stocks
132
# ETFs / Funds
0

Top Holdings (132 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 ZTO 10.31% 1,994,127 $42M $20.89 -$1M -251,598 -11.2%
2 TCOM 7.90% 443,718 $32M $71.91 -$4M -30,398 -6.4%
3 DDL 3.98% 6,460,889 $16M $2.49 $2M -216,857 -3.2%
4 GOOG 2.86% 36,843 $12M $313.80 -$20M -92,260 -71.5%
5 AVGO 2.64% 30,874 $11M $346.10 -$60M -182,187 -85.5%
6 NOAH 2.63% 1,058,912 $11M $10.04 -$4M -231,373 -17.9%
7 LRCX 2.37% 55,845 $10M $171.18 -$67M -519,524 -90.3%
8 PDD 2.20% 78,445 $9M $113.39 -$3M -10,064 -11.4%
9 AMZN 1.78% 31,080 $7M $230.82 -$2M -11,313 -26.7%
10 MU 1.76% 24,920 $7M $285.41 -$72M -445,371 -94.7%
11 ABBV 1.70% 30,102 $7M $228.49 -$79M -340,057 -91.9%
12 MRK 1.65% 63,316 $7M $105.26 -$72M -875,470 -93.3%
13 FICO 1.61% 3,859 $7M $1,690.62 -$1M -1,300 -25.2%
14 GPCR 1.51% 87,874 $6M $69.55 $3M -34,884 -28.4%
15 VERA 1.50% 119,384 $6M $50.64 $1M -40,367 -25.3%
16 YUM 1.49% 39,847 $6M $151.28 -$60M -394,437 -90.8%
17 IQV 1.49% 26,708 $6M $225.41 -$64M -340,977 -92.7%
18 ARWR 1.47% 89,484 $6M $66.39 $2M -21,538 -19.4%
19 JNJ 1.43% 27,830 $6M $206.95 -$73M -399,147 -93.5%
20 RCI 1.38% 147,160 $6M $37.80 -$53M -1,556,894 -91.4%
21 HTHT 1.37% 117,996 $6M $47.05 -$2M -65,115 -35.6%
22 UBS 1.36% 117,507 $5M $46.65 -$53M -1,325,071 -91.8%
23 ZTS 1.31% 42,000 $5M $125.82 -$568K +2,000 +5.0%
24 NVDA 1.30% 28,191 $5M $186.50 -$2K
25 UBER 1.28% 63,217 $5M $81.71 -$2M -9,090 -12.6%
26 ICE 1.28% 31,856 $5M $161.96 -$95M -563,688 -94.7%
27 V 1.28% 14,700 $5M $350.71 -$3M -9,609 -39.5%
28 GOOGL 1.24% 16,000 $5M $313.00 -$88M -365,253 -95.8%
29 ADBE 1.20% 13,846 $5M $349.99 -$63M -177,174 -92.8%
30 IMVT 1.14% 181,774 $5M $25.42 $1M -13,953 -7.1%
31 META 1.14% 7,000 $5M $660.09 -$887K -500 -6.7%
32 HD 1.13% 13,300 $5M $344.10 -$1M -700 -5.0%
33 TERN 1.11% 110,734 $4M $40.40 $4M -14,422 -11.5%
34 CSGP 1.08% 65,000 $4M $67.24 -$270K +10,000 +18.2%
35 COGT 1.07% 121,229 $4M $35.52 $1M -98,275 -44.8%
36 FND 1.04% 68,900 $4M $60.89 -$227K +8,900 +14.8%
37 IDYA 1.03% 120,604 $4M $34.57 -$373K -46,313 -27.8%
38 KR 1.03% 66,666 $4M $62.48 -$25M -358,918 -84.3%
39 MSFT 1.03% 8,573 $4M $483.62 -$294K
40 ROIV 1.02% 189,146 $4M $21.70 $482K -50,274 -21.0%
41 WVE 0.97% 230,687 $4M $17.00 $2M -37,107 -13.9%
42 CNTA 0.96% 155,101 $4M $25.01 -$641K -31,298 -16.8%
43 CCJ 0.96% 42,356 $4M $91.49 -$53M -632,134 -93.7%
44 TRU 0.95% 44,595 $4M $85.75 -$48M -569,967 -92.7%
45 BBIO 0.90% 47,756 $4M $76.49 $420K -14,488 -23.3%
46 WWW 0.90% 200,000 $4M $18.15 -$2M
47 ADCT 0.87% 990,778 $3M $3.53 -$1M -165,943 -14.3%
48 MA 0.80% 5,689 $3M $570.88 $308K +520 +10.1%
49 RCUS 0.79% 134,217 $3M $23.83 $1M -19,566 -12.7%
50 ELF 0.79% 42,000 $3M $76.04 -$781K +12,000 +40.0%
51 CAT 0.78% 5,500 $3M $572.87 +5,500 NEW
52 ISRG 0.68% 4,846 $3M $566.36 $577K
53 PRQR 0.62% 1,235,514 $2M $2.02 -$136K
54 VEEV 0.61% 11,110 $2M $223.23 -$830K
55 KLAC 0.61% 2,039 $2M $1,215.08 -$286K -523 -20.4%
56 MOD 0.58% 17,455 $2M $133.51 +17,455 NEW
57 VAL 0.57% 45,956 $2M $50.40 -$45M -918,767 -95.2%
58 BROS 0.57% 37,500 $2M $61.22 $987K +12,500 +50.0%
59 CAVA 0.54% 37,500 $2M $58.69 +37,500 NEW
60 IDXX 0.50% 3,000 $2M $676.53 -$207K -500 -14.3%
61 GEV 0.49% 3,047 $2M $653.57 +3,047 NEW
62 VRT 0.48% 12,045 $2M $162.01 -$935K -7,087 -37.0%
63 WING 0.47% 8,000 $2M $238.49 $398K +2,000 +33.3%
64 BSX 0.46% 19,554 $2M $95.35 +19,554 NEW
65 GOSS 0.43% 561,951 $2M $3.10 -$268K -202,214 -26.5%
66 MSI 0.41% 4,275 $2M $383.32 +4,275 NEW
67 ANET 0.40% 12,456 $2M $131.03 -$881K -4,789 -27.8%
68 AMD 0.38% 7,210 $2M $214.16 +7,210 NEW
69 RVMD 0.37% 18,652 $1M $79.65 $525K -1,924 -9.3%
70 MBX 0.34% 43,597 $1M $31.54 $160K -25,831 -37.2%
71 SHOP 0.33% 8,161 $1M $160.97 +8,161 NEW
72 BCYC 0.32% 184,603 $1M $7.08 -$122K
73 STOK 0.32% 40,815 $1M $31.74 $522K +7,914 +24.1%
74 PSIX 0.28% 20,000 $1M $57.14 +20,000 NEW
75 CPNG 0.28% 47,735 $1M $23.59 -$766K -11,019 -18.8%
76 BKNG 0.27% 200 $1M $5,355.33 -$9K
77 JD 0.22% 30,853 $885K $28.70 -$411K -6,217 -16.8%
78 ARVN 0.21% 72,527 $860K $11.86 $120K -14,403 -16.6%
79 ABSI 0.21% 237,764 $830K $3.49 +237,764 NEW
80 BABA 0.19% 5,333 $782K $146.58 -$2M -7,773 -59.3%
81 MGTX 0.18% 93,922 $747K $7.95 -$303K -33,612 -26.4%
82 AURA 0.15% 111,865 $610K $5.45 -$227K -23,537 -17.4%
83 CDXS 0.11% 264,464 $431K $1.63 -$214K
84 MICC 0.09% 21,682 $347K $15.99 +21,682 NEW
85 PONY 0.06% 16,552 $240K $14.50 +16,552 NEW
86 INTC 0.05% 5,453 $201K $36.90 -$1M -38,970 -87.7%
87 PBR-A 0.05% 16,148 $182K $11.27 -$674K -56,256 -77.7%
88 BCC 0.03% 1,403 $103K $73.60 -$284K -3,607 -72.0%
89 LBRDK 0.02% 2,060 $100K $48.60 -$363K -5,226 -71.7%
90 JAZZ 0.02% 452 $77K $170.00 -$213K -1,745 -79.4%
91 OMF 0.02% 1,091 $74K $67.55 -$194K -3,656 -77.0%
92 GT 0.02% 8,244 $72K $8.76 -$181K -25,670 -75.7%
93 HUN 0.02% 6,761 $68K $10.00 +6,761 NEW
94 MTDR 0.02% 1,573 $67K $42.44 +1,573 NEW
95 VIST 0.02% 1,370 $67K $48.66 +1,370 NEW
96 UNH 0.02% 201 $66K $330.11 -$222K -633 -75.9%
97 WHR 0.02% 919 $66K $72.14 -$192K -2,369 -72.0%
98 CVS 0.02% 830 $66K $79.36 -$233K -3,140 -79.1%
99 TGT 0.02% 673 $66K $97.75 -$227K -2,596 -79.4%
100 DOW 0.02% 2,798 $65K $23.38 +2,798 NEW

New Positions

SymbolValue% Port
CAT $3M 0.78%
MOD $2M 0.58%
CAVA $2M 0.54%
GEV $2M 0.49%
BSX $2M 0.46%
MSI $2M 0.41%
AMD $2M 0.38%
SHOP $1M 0.33%
PSIX $1M 0.28%
ABSI $830K 0.21%
MICC $347K 0.09%
PONY $240K 0.06%
HUN $68K 0.02%
MTDR $67K 0.02%
VIST $67K 0.02%

Sold Out Positions

SymbolValue% Port
BNTX —%
SRE —%
TEL —%
KD —%
TSN —%
KSS —%
APH —%
TKR —%
NOW —%
CORT —%
CDNS —%
GRAB —%
DRS —%
WBD —%
PLTR —%
View SEC EDGAR Filings for PLATINUM INVESTMENT MANAGEMENT LTD →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms