PLATINUM INVESTMENT MANAGEMENT LTD

Q4 2025 13F-HR Holdings

Location
Sydney Australia 2000, C3
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
124
Total value ($000)
$432,683
Net value change ($000)
-1,114,303 (-72.0%)
New positions
22
Sold out positions
18
Turnover %
10.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/13/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
TERN 3,534 376.0%
CAT 3,151 NEW
GPCR 2,675 77.8%
MOD 2,330 NEW
DDL 2,265 16.4%
CAVA 2,201 NEW
ARWR 2,112 55.2%
GEV 1,991 NEW
WAVE LIFE SCIENCES LTD 1,962 100.1%
BSX 1,864 NEW
Top Reduces (Value $000, Stocks/ETFs)
ICE -95,178 -94.9%
GOOGL -87,675 -94.6%
ABBV -78,829 -92.0%
JNJ -73,411 -92.7%
MRK -72,127 -91.5%
MU -71,577 -91.0%
LRCX -67,482 -87.6%
IQV -63,818 -91.4%
ADBE -62,536 -92.8%
YUM -59,983 -90.9%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type