PLATINUM INVESTMENT MANAGEMENT LTD

SYDNEY AUSTRALIA 2000, C3 · CIK 1256071 · 13F filing filed 2026-08-13

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

$406.7m reported value +2.5% vs Q1 2026

85positions

38.9%in top 10

10 new 8 added 22 reduced 14 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ZTO EXPRESS CAYMAN INC SPONSORED ADS A ZTO	ZTO	1,994,127	$44.6m10.97%	10.97%	Unchanged
2	MICRON TECHNOLOGY INC COM MU	MU	17,782	$20.5m5.05%	5.05%	Reduced -5.9k	-5,874 -24.8%
3	LAM RESEARCH CORP COM NEW LRCX	LRCX	46,439	$20.1m4.95%	4.95%	Unchanged
4	TRIP COM GROUP LTD ADS TCOM	TCOM	351,921	$14.0m3.45%	3.45%	Reduced -27.8k	-27,797 -7.3%
5	DINGDONG CAYMAN LTD ADS DDL	DDL	6,486,507	$12.5m3.08%	3.08%	Unchanged
6	NOAH HLDGS LTD SPON ADS NOAH	NOAH	993,612	$9.9m2.44%	2.44%	Unchanged
7	BROADCOM INC COM AVGO	AVGO	26,186	$9.9m2.43%	2.43%	Unchanged
8	BIRKENSTOCK HOLDING PLC COM SHS BIRK	BIRK	210,000	$9.0m2.22%	2.22%	Reduced -65.0k	-65,000 -23.6%
9	ASTRAZENECA PLC ORD AZN	AZN	48,088	$9.0m2.21%	2.21%	Unchanged
10	ALPHABET INC CAP STK CL C GOOG	GOOG	24,592	$8.7m2.14%	2.14%	Unchanged
11	MERCK & CO INC COM MRK	MRK	63,316	$8.1m2.00%	2.00%	Unchanged
12	APOGEE THERAPEUTICS INC COM COM		58,314	$7.7m1.90%	1.90%	Unchanged
13	ABBVIE INC COM ABBV	ABBV	30,102	$7.6m1.86%	1.86%	Unchanged
14	JOHNSON & JOHNSON COM JNJ	JNJ	27,830	$7.1m1.74%	1.74%	Unchanged
15	YUM BRANDS INC COM YUM	YUM	39,847	$6.4m1.57%	1.57%	Unchanged
16	PDD HOLDINGS INC SPONSORED ADS PDD	PDD	78,445	$6.0m1.47%	1.47%	Unchanged
17	COGENT BIOSCIENCES INC COM COGT	COGT	154,220	$6.0m1.47%	1.47%	Added +42.2k	+42,154 37.6%
18	UBS GROUP AG SHS UBS	UBS	117,507	$5.8m1.43%	1.43%	Unchanged
19	NVIDIA CORPORATION COM NVDA	NVDA	28,191	$5.6m1.39%	1.39%	Unchanged
20	IMMUNOVANT INC COM IMVT	IMVT	144,671	$5.6m1.37%	1.37%	Reduced -37.1k	-37,103 -20.4%
21	ARROWHEAD PHARMACEUTICALS IN COM ARWR	ARWR	64,752	$5.3m1.30%	1.30%	Unchanged
22	IDEAYA BIOSCIENCES INC COM IDYA	IDYA	138,708	$5.2m1.27%	1.27%	Added +47.1k	+47,071 51.4%
23	IQVIA HLDGS INC COM IQV	IQV	26,708	$5.2m1.27%	1.27%	Unchanged
24	H WORLD GROUP LTD SPONSORED ADS HTHT	HTHT	117,996	$4.9m1.21%	1.21%	Unchanged
25	VERA THERAPEUTICS INC CL A VERA	VERA	113,687	$4.9m1.20%	1.20%	Unchanged
26	STRUCTURE THERAPEUTICS INC SPONSORED ADS GPCR	GPCR	90,363	$4.8m1.19%	1.19%	Added +23.5k	+23,499 35.1%
27	VISA INC COM CL A V	V	14,000	$4.8m1.18%	1.18%	Reduced -1.0k	-1,000 -6.7%
28	CATERPILLAR INC COM CAT	CAT	4,500	$4.8m1.18%	1.18%	Reduced -4.0k	-4,000 -47.1%
29	ROGERS COMMUNICATIONS INC CL B RCI	RCI	147,160	$4.8m1.18%	1.18%	Unchanged
30	AMER SPORTS INC COM SHS AS	AS	140,000	$4.7m1.16%	1.16%	Reduced -10.0k	-10,000 -6.7%
31	KROGER CO COM KR	KR	81,305	$4.5m1.11%	1.11%	Added +20.6k	+20,562 33.9%
32	KLA CORP COM NEW KLAC	KLAC	14,580	$4.4m1.08%	1.08%	Unchanged
33	CAMECO CORP COM CCJ	CCJ	42,356	$4.3m1.06%	1.06%	Unchanged
34	ADVANCED MICRO DEVICES INC COM AMD	AMD	7,210	$4.2m1.03%	1.03%	Unchanged
35	ARCUS BIOSCIENCES INC COM RCUS	RCUS	134,217	$4.1m1.02%	1.02%	Unchanged
36	ADOBE INC COM ADBE	ADBE	18,571	$3.8m0.94%	0.94%	Unchanged
37	FLOOR & DECOR HLDGS INC CL A FND	FND	62,500	$3.7m0.91%	0.91%	Reduced -5.0k	-5,000 -7.4%
38	META PLATFORMS INC CL A META	META	6,500	$3.7m0.90%	0.90%	Added +1.5k	+1,500 30.0%
39	PALISADE BIO INC COM PALI	PALI	1,730,866	$3.6m0.89%	0.89%	Added +499.5k	+499,452 40.6%
40	DUTCH BROS INC CL A BROS	BROS	50,000	$3.6m0.88%	0.88%	Reduced -2.5k	-2,500 -4.8%
41	FAIR ISAAC CORP COM FICO	FICO	3,000	$3.6m0.88%	0.88%	Reduced -400	-400 -11.8%
42	GE VERNOVA INC COM GEV	GEV	3,047	$3.6m0.88%	0.88%	Unchanged
43	HOME DEPOT INC COM HD	HD	10,000	$3.5m0.87%	0.87%	Reduced -1.5k	-1,500 -13.0%
44	VALARIS LTD CL A VAL	VAL	45,956	$3.3m0.82%	0.82%	Unchanged
45	E L F BEAUTY INC COM ELF	ELF	45,000	$3.3m0.82%	0.82%	Reduced -27.5k	-27,500 -37.9%
46	CAVA GROUP INC COM CAVA	CAVA	42,000	$3.3m0.81%	0.81%	Reduced -3.0k	-3,000 -6.7%
47	DEFINIUM THERAPEUTICS INC COM SHS DFTX	DFTX	70,000	$3.3m0.81%	0.81%	Unchanged
48	ROIVANT SCIENCES LTD SHS ROIV	ROIV	92,397	$3.3m0.80%	0.80%	Unchanged
49	TRANSUNION COM TRU	TRU	44,595	$3.2m0.79%	0.79%	Unchanged
50	REVOLUTION MEDICINES INC COM RVMD	RVMD	16,994	$3.2m0.78%	0.78%	Reduced -3.8k	-3,819 -18.4%
51	DATADOG INC CL A COM DDOG	DDOG	12,000	$3.1m0.77%	0.77%	New
52	BRIDGEBIO PHARMA INC COM BBIO	BBIO	39,742	$3.0m0.73%	0.73%	Reduced -9.5k	-9,527 -19.3%
53	WINGSTOP INC COM WING	WING	17,000	$2.9m0.72%	0.72%	Added +5.0k	+5,000 41.7%
54	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	23,913	$2.9m0.72%	0.72%	Unchanged
55	ECHOSTAR CORP CL A ECHO	ECHO	27,509	$2.8m0.69%	0.69%	Added +15.0k	+15,000 119.9%
56	VERTIV HOLDINGS CO COM CL A VRT	VRT	8,286	$2.8m0.68%	0.68%	Reduced -1.8k	-1,841 -18.2%
57	ABSCI CORPORATION COM ABSI	ABSI	237,764	$2.8m0.68%	0.68%	Unchanged
58	ZYMEWORKS INC COM ZYME	ZYME	105,184	$2.7m0.68%	0.68%	Unchanged
59	MOTOROLA SOLUTIONS INC COM NEW MSI	MSI	6,302	$2.6m0.64%	0.64%	Unchanged
60	MBX BIOSCIENCES INC COM MBX	MBX	43,597	$2.4m0.59%	0.59%	Unchanged
61	BOOKING HOLDINGS INC COM BKNG	BKNG	12,500	$2.2m0.55%	0.55%	Unchanged
62	ANALOG DEVICES INC COM ADI	ADI	5,485	$2.2m0.54%	0.54%	New
63	PROQR THRAPEUTICS N V SHS EURO PRQR	PRQR	1,159,428	$2.2m0.53%	0.53%	Reduced -76.1k	-76,086 -6.2%
64	NETFLIX INC COM NFLX	NFLX	30,000	$2.1m0.53%	0.53%	Reduced -20.0k	-20,023 -40.0%
65	SERVICENOW INC COM NOW	NOW	20,000	$2.0m0.49%	0.49%	New
66	DOORDASH INC CL A DASH	DASH	10,000	$1.8m0.45%	0.45%	New
67	C4 THERAPEUTICS INC COM STK CCCC	CCCC	384,766	$1.8m0.44%	0.44%	Unchanged
68	PALO ALTO NETWORKS INC COM PANW	PANW	4,766	$1.6m0.40%	0.40%	New
69	WAVE LIFE SCIENCES LTD SHS 96663EUR	96663EUR	275,269	$1.6m0.39%	0.39%	Unchanged
70	IDEXX LABS INC COM IDXX	IDXX	2,900	$1.5m0.38%	0.38%	Reduced -100	-100 -3.3%
71	BRIGHT MINDS BIOSCIENCES INC COM NEW DRUG	DRUG	19,127	$1.3m0.33%	0.33%	Unchanged
72	STOKE THERAPEUTICS INC COM STOK	STOK	40,815	$1.3m0.33%	0.33%	Unchanged
73	M-TRON INDS INC COM MPTI	MPTI	12,839	$1.3m0.31%	0.31%	New
74	COSTAR GROUP INC COM CSGP	CSGP	40,000	$1.1m0.28%	0.28%	Reduced -37.5k	-37,500 -48.4%
75	A10 NETWORKS INC COM ATEN	ATEN	28,630	$1.1m0.26%	0.26%	New
76	BLOCK INC CL A XYZ	XYZ	12,500	$950.0k0.23%	0.23%	New
77	AURA BIOSCIENCES INC COM AURA	AURA	111,865	$794.2k0.20%	0.20%	Unchanged
78	JD.COM INC SPON ADS CL A JD	JD	28,650	$730.0k0.18%	0.18%	Unchanged
79	ZOETIS INC CL A ZTS	ZTS	10,000	$718.6k0.18%	0.18%	Reduced -32.0k	-32,000 -76.2%
80	S&P GLOBAL INC COM SPGI	SPGI	1,685	$686.2k0.17%	0.17%	New
81	ADC THERAPEUTICS SA SHS ADCT	ADCT	581,609	$622.3k0.15%	0.15%	Reduced -409.2k	-409,169 -41.3%
82	CODEXIS INC COM CDXS	CDXS	264,464	$597.7k0.15%	0.15%	Unchanged
83	INHIBRX BIOSCIENCES INC COM INBX	INBX	6,146	$582.3k0.14%	0.14%	New
84	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	4,283	$411.1k0.10%	0.10%	Unchanged
85	SKYE BIOSCIENCE INC COM NEW COM NEW		233,095	$161.6k0.04%	0.04%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
TERNS PHARMACEUTICALS INC		110,734	$5.8m110.7k shares
CENTESSA PHARMACEUTICALS PLC		137,741	$5.5m137.7k shares
ALPHABET INC GOOGL	GOOGL	12,000	$3.5m12.0k shares
MASTERCARD INCORPORATED MA	MA	5,689	$2.8m5.7k shares
INTUITIVE SURGICAL INC ISRG	ISRG	4,846	$2.2m4.8k shares
VEEVA SYS INC VEEV	VEEV	11,110	$2.0m11.1k shares
MICROSOFT CORP MSFT	MSFT	4,134	$1.5m4.1k shares
AMPHENOL CORP APH	APH	9,440	$1.2m9.4k shares
BOSTON SCIENTIFIC CORP BSX	BSX	17,827	$1.1m17.8k shares
GLOBALSTAR INC GSAT	GSAT	14,168	$941.0k14.2k shares
BICYCLE THERAPEUTICS PLC BCYC	BCYC	184,603	$856.6k184.6k shares
MEIRAGTX HLDGS PLC MGTX	MGTX	93,922	$813.4k93.9k shares
MODINE MFG CO MOD	MOD	3,633	$787.3k3.6k shares
ARVINAS INC ARVN	ARVN	72,527	$768.8k72.5k shares