Portfolio Snapshots

We are an international equities manager, and we invest with a truly global outlook.

Here is a snapshot of the current portfolio disposition of our flagship Platinum Trust Funds and their key holdings.

Platinum European Fund

Platinum European Fund is our long-running European strategy offering, providing exposure to a diversified portfolio of European companies, including undervalued businesses from both Western Europe’s developed economies and Eastern Europe’s emerging markets.

Established in 1998, the fund has A$545.9 million under management^ and a track record of achieving 10.4% compound return annually since inception (on 30/6/1998).*

Unconstrained by industry sector, Platinum European Fund invests in a diverse range of companies, from British and French consumer brands to Eastern European banks, from Scandinavian and German industrials to Swiss pharmaceuticals.

The fund’s actively managed currency exposure also provides substantial currency diversification.

Industry Breakdown1
SectorLong % Short %Net %
Financials 18.5 - 18.5
Health Care 18.2 - 18.2
Consumer Discretionary 17.0 - 17.0
Industrials 15.9 - 15.9
Info Technology 8.3 - 8.3
Communication Services 7.8 - 7.8
Energy 4.9 - 4.9
Real Estate 1.3 - 1.3
Consumer Staples 0.5 - 0.5
Other 4.0 (20.5) (16.5)
Top 10 Positions3
StockCountryIndustry%
Prosus NV China Cons Discretionary 4.7
BioNTech Germany Health Care 4.6
Hypoport SE Germany Financials 4.5
Booking Holdings Inc United States Cons Discretionary 4.4
Raiffeisen Bank Austria Financials 4.1
Fondul GDR Romania Other 4.0
Beazley PLC UK Financials 3.9
Banca Transilvania Romania Financials 3.8
Amadeus IT Holdings Spain Info Technology 3.4
Roche Holding AG Switzerland Health Care 3.1
Total 40.4
Disposition of Assets2
Long %Short %Net %Currency%
Asia-Pacific 4.7 - 4.7 -
China 4.7 - 4.7 -
Europe 84.2 (20.5) 63.7 80.4
Other Europe - (15.3) (15.3) -
Austria 4.1 - 4.1 -
Denmark 2.5 - 2.5 2.5
France 5.5 - 5.5 -
Germany 19.3 (5.2) 14.0 -
Ireland 4.3 - 4.3 -
Italy 2.0 - 2.0 -
Netherlands 1.4 - 1.4 -
Norway 7.0 - 7.0 8.6
Poland 1.5 - 1.5 1.5
Romania 7.8 - 7.8 3.8
Russia 1.8 - 1.8 -
Spain 9.1 - 9.1 -
Switzerland 6.1 - 6.1 3.9
United Kingdom 11.8 - 11.8 15.5
Euro - - - 44.6
North America 7.5 - 7.5 19.6
United States 7.5 - 7.5 19.6
Sub-Total 96.4 (20.5) 75.8 100.0
Cash 3.6 - 24.2 -
Total 100.0 - 100.0 100.0
Long - 42 stocks, 1 swap Short - 2 indices
Top 10 Positions3
StockCountryIndustry%
Prosus NV China Cons Discretionary 4.7
BioNTech Germany Health Care 4.6
Hypoport SE Germany Financials 4.5
Booking Holdings Inc United States Cons Discretionary 4.4
Raiffeisen Bank Austria Financials 4.1
Fondul GDR Romania Other 4.0
Beazley PLC UK Financials 3.9
Banca Transilvania Romania Financials 3.8
Amadeus IT Holdings Spain Info Technology 3.4
Roche Holding AG Switzerland Health Care 3.1
Total 40.4
All data as at [30 June 2020] .
  1. “Long %” represents the Fund’s effective exposures to the relevant sectors as a percentage of the Fund’s NAV, taking into account direct stock holdings and long derivative positions (stocks and indices). “Net %” represents the Fund’s net exposures to the relevant sectors as a percentage of the Fund’s NAV, taking into account direct stock holdings and both long and short derivative positions (stocks and indices).
  2. “Long %” represents the Fund’s effective exposures to the relevant regions as a percentage of NAV through stock holdings and long derivatives (stocks and indices). “Net %” represents the Fund’s net exposures to the relevant regions as a percentage of NAV through stock holdings and both long and short derivatives (stocks and indices). “Currency %” represents the Fund’s effective exposures to the relevant currencies as a percentage of NAV through stock holdings, cash and the use of derivatives.
  3. The “Top 10 Positions” table shows the Fund’s top 10 long stock positions as a percentage of the Fund's NAV, taking into account direct stock holdings and long derivative positions.