Regal Partners Ltd

SYDNEY, C3 · CIK 1577774 · 13F filing filed 2025-08-05

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.

$1.2bn reported value +21.2% vs Q1 2025

77positions

72.6%in top 10

38 new 15 added 18 reduced 11 sold out vs Q1 2025

This report includes the holdings of 2 other managers that share the investment decisions:

PM CAPITAL Ltd – reports through this filing
REGAL FUNDS MANAGEMENT PTY LTD – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2025

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	FREEPORT-MCMORAN INC CL B FCX	FCX	2,865,713	$124.2m10.50%	10.50%	Added +601.5k	+601,518 26.6%
2	TECK RESOURCES LTD CL B TECK	TECK	3,033,755	$122.5m10.35%	10.35%	Reduced -107.8k	-107,751 -3.4%
3	NEWMONT CORP COM NEM	NEM	2,089,404	$121.7m10.29%	10.29%	Reduced -304.3k	-304,347 -12.7%
4	WYNN RESORTS LTD COM WYNN	WYNN	1,091,578	$102.2m8.64%	8.64%	Unchanged
5	BANK AMERICA CORP COM BAC	BAC	2,018,295	$95.5m8.07%	8.07%	Reduced -90.0k	-90,000 -4.3%
6	SANOFI SPONSORED ADR SNY	SNY	1,548,204	$74.8m6.32%	6.32%	Added +782.8k	+782,838 102.3%
7	APOLLO GLOBAL MGMT INC COM APO	APO	479,611	$68.0m5.75%	5.75%	Added +63.2k	+63,210 15.2%
8	WELLS FARGO CO NEW COM WFC	WFC	719,848	$57.7m4.87%	4.87%	Reduced -34.0k	-34,000 -4.5%
9	ROYALTY PHARMA PLC SHS CLASS A RPRX	RPRX	1,345,196	$48.5m4.10%	4.10%	Reduced -90.8k	-90,760 -6.3%
10	ALPHABET INC CAP STK CL C GOOG	GOOG	246,158	$43.7m3.69%	3.69%	Added +242.5k	+242,522 6670.0%
11	TRUIST FINL CORP COM TFC	TFC	917,804	$39.5m3.33%	3.33%	Unchanged
12	FOX CORP CL B COM FOX	FOX	715,049	$36.9m3.12%	3.12%	Unchanged
13	AMAZON COM INC COM AMZN	AMZN	117,153	$25.7m2.17%	2.17%	Reduced -24.9k	-24,921 -17.5%
14	UBER TECHNOLOGIES INC COM UBER	UBER	265,910	$24.8m2.10%	2.10%	Added +95.2k	+95,204 55.8%
15	GE HEALTHCARE TECHNOLOGIES I COMMON STOCK GEHC	GEHC	233,478	$17.3m1.46%	1.46%	Reduced -74.7k	-74,681 -24.2%
16	AGNICO EAGLE MINES LTD COM AEM	AEM	143,158	$17.0m1.44%	1.44%	Added +66.9k	+66,912 87.8%
17	TRADEWEB MKTS INC CL A TW	TW	96,948	$14.2m1.20%	1.20%	Reduced -67.8k	-67,816 -41.2%
18	HUDBAY MINERALS INC COM HBM	HBM	1,287,426	$13.7m1.15%	1.15%	Reduced -692.4k	-692,432 -35.0%
19	META PLATFORMS INC CL A META	META	18,127	$13.4m1.13%	1.13%	Reduced -21.4k	-21,365 -54.1%
20	ALCOA CORP COM AA	AA	422,328	$12.5m1.05%	1.05%	Added +99.5k	+99,472 30.8%
21	IREN LIMITED ORDINARY SHARES IREN	IREN	820,308	$12.0m1.01%	1.01%	Added +242.6k	+242,602 42.0%
22	CORE SCIENTIFIC INC NEW COM CORZ	CORZ	625,213	$10.7m0.90%	0.90%	Added +532.5k	+532,462 574.1%
23	SPROTT INC COM NEW SII	SII	138,641	$9.6m0.81%	0.81%	Added +20.4k	+20,422 17.3%
24	NUCOR CORP COM NUE	NUE	73,664	$9.5m0.81%	0.81%	Added +11.3k	+11,316 18.1%
25	KINROSS GOLD CORP COM KGC	KGC	543,290	$8.5m0.72%	0.72%	New
26	CAMECO CORP COM CCJ	CCJ	114,303	$8.5m0.72%	0.72%	Reduced -37.6k	-37,624 -24.8%
27	BARRICK MNG CORP COM SHS B	B	294,026	$6.1m0.52%	0.52%	New
28	MAC COPPER LIMITED ORD SHS MTAL	MTAL	400,644	$4.8m0.41%	0.41%	Reduced -5.7k	-5,700 -1.4%
29	SOUTHERN COPPER CORP COM SCCO	SCCO	44,809	$4.5m0.38%	0.38%	Added +10.6k	+10,587 30.9%
30	VALE S A SPONSORED ADS VALE	VALE	391,852	$3.8m0.32%	0.32%	New
31	HARTFORD INSURANCE GROUP INC COM HIG	HIG	26,198	$3.3m0.28%	0.28%	New
32	STEEL DYNAMICS INC COM STLD	STLD	24,713	$3.2m0.27%	0.27%	New
33	VIZSLA SILVER CORP COM NEW VZLA	VZLA	770,000	$2.3m0.19%	0.19%	New
34	KE HLDGS INC SPONSORED ADS BEKE	BEKE	122,853	$2.2m0.18%	0.18%	New
35	NEWS CORP NEW CL B NWS	NWS	62,425	$2.1m0.18%	0.18%	New
36	VIPER ENERGY INC CL A VNOM	VNOM	55,162	$2.1m0.18%	0.18%	Unchanged
37	PRUDENTIAL FINL INC COM PRU	PRU	18,354	$2.0m0.17%	0.17%	New
38	DENISON MINES CORP COM DNN	DNN	493,445	$898.1k0.08%	0.08%	Reduced -507.3k	-507,336 -50.7%
39	DAVE INC CLASS A COM NEW DAVE	DAVE	2,966	$796.1k0.07%	0.07%	Reduced -9.0k	-8,963 -75.1%
40	CONOCOPHILLIPS COM COP	COP	7,768	$697.1k0.06%	0.06%	Added +5.9k	+5,856 306.3%
41	SOFI TECHNOLOGIES INC COM SOFI	SOFI	34,513	$628.5k0.05%	0.05%	New
42	SEZZLE INC COM SEZL	SEZL	3,480	$623.8k0.05%	0.05%	New
43	RESMED INC COM RMD	RMD	2,300	$593.4k0.05%	0.05%	New
44	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	769	$590.1k0.05%	0.05%	New
45	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	6,067	$568.1k0.05%	0.05%	Reduced -907	-907 -13.0%
46	PEABODY ENERGY CORP COM BTU	BTU	41,181	$552.6k0.05%	0.05%	New
47	OSCAR HEALTH INC CL A OSCR	OSCR	22,500	$482.4k0.04%	0.04%	New
48	APPLOVIN CORP COM CL A APP	APP	1,348	$471.9k0.04%	0.04%	Added +273	+273 25.4%
49	MONDAY COM LTD SHS MNDY	MNDY	1,500	$471.7k0.04%	0.04%	New
50	RADIOPHARM THERANOSTICS LTD SPONSORED ADS RADX	RADX	90,909	$421.8k0.04%	0.04%	Unchanged
51	COMFORT SYS USA INC COM FIX	FIX	700	$375.3k0.03%	0.03%	New
52	GRAB HOLDINGS LIMITED CLASS A ORD GRAB	GRAB	69,462	$349.4k0.03%	0.03%	Added +12.6k	+12,554 22.1%
53	LIFE360 INC COM LIF	LIF	5,000	$326.2k0.03%	0.03%	New
54	PINTEREST INC CL A PINS	PINS	9,000	$322.7k0.03%	0.03%	New
55	NEXGEN ENERGY LTD COM NXE	NXE	45,000	$312.3k0.03%	0.03%	Reduced -243.1k	-243,138 -84.4%
56	VANECK ETF TRUST GOLD MINERS ETF GDX	GDX	5,329	$277.4k0.02%	0.02%	New
57	HUBBELL INC COM HUBB	HUBB	639	$261.0k0.02%	0.02%	New
58	SELECT SECTOR SPDR TR COMMUNICATION XLC	XLC	2,400	$260.5k0.02%	0.02%	New
59	FIRST TR EXCHANGE-TRADED FD DJ INTERNT IDX FDN	FDN	958	$258.0k0.02%	0.02%	New
60	ISHARES TR MSCI USA QLT FCT QUAL	QUAL	1,400	$255.9k0.02%	0.02%	New
61	VANECK ETF TRUST JUNIOR GOLD MINE GDXJ	GDXJ	3,785	$255.8k0.02%	0.02%	New
62	INVESCO EXCH TRADED FD TR II S&P500 LOW VOL SPLV	SPLV	3,500	$254.9k0.02%	0.02%	New
63	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	500	$254.7k0.02%	0.02%	New
64	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	4,451	$253.0k0.02%	0.02%	New
65	ISHARES TR CORE S&P MCP ETF IJH	IJH	4,077	$252.9k0.02%	0.02%	New
66	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	457	$252.1k0.02%	0.02%	New
67	SCHWAB STRATEGIC TR US LCAP GR ETF SCHG	SCHG	8,606	$251.4k0.02%	0.02%	New
68	NORFOLK SOUTHN CORP COM NSC	NSC	976	$249.8k0.02%	0.02%	New
69	REPUBLIC SVCS INC COM RSG	RSG	1,013	$249.8k0.02%	0.02%	New
70	PACER FDS TR US CASH COWS 100 COWZ	COWZ	4,514	$248.7k0.02%	0.02%	New
71	SCHWAB STRATEGIC TR US REIT ETF SCHH	SCHH	11,651	$246.5k0.02%	0.02%	New
72	AMERICAN PUB ED INC COM APEI	APEI	7,338	$223.5k0.02%	0.02%	New
73	TOAST INC CL A TOST	TOST	5,000	$221.4k0.02%	0.02%	New
74	ZETA GLOBAL HOLDINGS CORP CL A ZETA	ZETA	10,000	$154.9k0.01%	0.01%	New
75	LITHIUM ARGENTINA AG COM SHS LAR	LAR	63,438	$132.0k0.01%	0.01%	Reduced -47.9k	-47,914 -43.0%
76	GOLD ROYALTY CORP COMMON SHARES GROY	GROY	46,012	$101.7k0.01%	0.01%	Reduced -7.6k	-7,559 -14.1%
77	OPTHEA LTD SPONSORED ADS CYVNY	CYVNY	5,193,688	$00.00%	0.00%	Unchanged

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
BARRICK GOLD CORP		735,893	$14.3m735.9k shares
ANTERIS TECHNOLOGIES GLOBAL AVR	AVR	896,164	$3.3m896.2k shares
MERCK & CO INC MRK	MRK	19,529	$1.8m19.5k shares
COEUR MNG INC CDE	CDE	235,599	$1.4m235.6k shares
BROWN & BROWN INC BRO	BRO	10,464	$1.3m10.5k shares
HIMS & HERS HEALTH INC HIMS	HIMS	29,936	$884.6k29.9k shares
GENEDX HOLDINGS CORP WGS	WGS	8,631	$764.4k8.6k shares
WILLIS TOWERS WATSON PLC LTD WTW	WTW	772	$260.9k772 shares
ALIGNMENT HEALTHCARE INC ALHC	ALHC	10,407	$193.8k10.4k shares
ORLA MNG LTD NEW OLA	OLA	16,774	$156.8k16.8k shares
NEW GOLD INC CDA NGD	NGD	19,359	$71.8k19.4k shares