1y return+35.2%S&P 500 +20.9%
3y return+57.0%S&P 500 +68.5%
5y return+33.8%S&P 500 +74.5%
10y return+202.7%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $303 against $357 in the S&P 500.2
Platinum Investment Management LtdS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| ZTOZto Express Cayman Inc | $44.6M | 11.0% | |
| MUMicron Technology Inc | $20.5M | 5.0% | −24.8% |
| LRCXLam Research Corp | $20.1M | 4.9% | |
| TCOMTrip Com Group Ltd | $14.0M | 3.4% | −7.3% |
| DDLDingdong Cayman Ltd | $12.5M | 3.1% | |
| NOAHNoah Hldgs Ltd | $9.9M | 2.4% | |
| AVGOBroadcom Inc | $9.9M | 2.4% | |
| Birkenstock Holding PLCCUSIP M2029K104 | $9.0M | 2.2% | −23.6% |
| Astrazeneca PLCCUSIP G0593M107 | $9.0M | 2.2% | |
| GOOGAlphabet Inc | $8.7M | 2.1% | |
| MRKMerck & Co Inc | $8.1M | 2.0% | |
| Apogee Therapeutics IncCUSIP 03770N101 | $7.7M | 1.9% | |
| ABBVAbbvie Inc | $7.6M | 1.9% | |
| JNJJohnson & Johnson | $7.1M | 1.7% | |
| YUMYum Brands Inc | $6.4M | 1.6% | |
| PDDPdd Holdings Inc | $6.0M | 1.5% | |
| COGTCogent Biosciences Inc | $6.0M | 1.5% | +37.6% |
| Ubs Group AgCUSIP H42097107 | $5.8M | 1.4% | |
| NVDANvidia Corporation | $5.6M | 1.4% | |
| IMVTImmunovant Inc | $5.6M | 1.4% | −20.4% |
| ARWRArrowhead Pharmaceuticals In | $5.3M | 1.3% | |
| IDYAIdeaya Biosciences Inc | $5.2M | 1.3% | +51.4% |
| IQVIqvia Hldgs Inc | $5.2M | 1.3% | |
| HTHTH World Group Ltd | $4.9M | 1.2% | |
| VERAVera Therapeutics Inc | $4.9M | 1.2% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| Apogee Therapeutics IncCUSIP 03770N101 | September 30, 2023 | +523.1% | $7.7M |
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $20.1M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $8.7M |
| NVDANvidia Corporation | June 30, 2023 | +373.0% | $5.6M |
| CCJCameco Corp | September 30, 2022 | +284.3% | $4.3M |
| COGTCogent Biosciences Inc | December 31, 2020 | +244.6% | $6.0M |
| AVGOBroadcom Inc | December 31, 2023 | +238.4% | $9.9M |
| ARWRArrowhead Pharmaceuticals In | March 31, 2023 | +220.9% | $5.3M |
| IDYAIdeaya Biosciences Inc | September 30, 2020 | +196.7% | $5.2M |
| AMDAdvanced Micro Devices Inc | December 31, 2025 | +171.3% | $4.2M |
Sold off last quarter
- Terns Pharmaceuticals IncCUSIP 880881107 was $5.8M
- Centessa Pharmaceuticals PLCCUSIP 152309100 was $5.5M
- GOOGLAlphabet Inc was $3.5M
- MAMastercard Incorporated was $2.8M
- ISRGIntuitive Surgical Inc was $2.2M
- VEEVVeeva Sys Inc was $2.0M
- MSFTMicrosoft Corp was $1.5M
- APHAmphenol Corp was $1.2M
- BSXBoston Scientific Corp was $1.1M
- GSATGlobalstar Inc was $941K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +6.1% | +14.8% |
| March 31, 2026 | −2.8% | −4.6% |
| December 31, 2025 | +12.8% | +2.4% |
| September 30, 2025 | +16.3% | +7.8% |
| June 30, 2025 | +11.7% | +10.5% |
| March 31, 2025 | −7.1% | −4.6% |
| December 31, 2024 | −8.2% | +2.1% |
| September 30, 2024 | +5.1% | +5.4% |
| June 30, 2024 | +1.1% | +4.0% |
| March 31, 2024 | +5.1% | +10.0% |
| December 31, 2023 | +9.9% | +11.2% |
| September 30, 2023 | −0.7% | −3.6% |
| June 30, 2023 | +1.4% | +8.3% |
| March 31, 2023 | +8.6% | +7.0% |
| December 31, 2022 | +14.1% | +7.1% |
| September 30, 2022 | −7.6% | −5.3% |
| June 30, 2022 | −13.3% | −16.5% |
| March 31, 2022 | −9.5% | −4.9% |
| December 31, 2021 | +0.3% | +10.7% |
| September 30, 2021 | −6.6% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Platinum Investment Management Ltd Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1256071&type=13F-HR&dateb=&owner=include&count=40CIK 1256071
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1256071/000125607126000007/Filed August 13, 2026 · accession 0001256071-26-000007