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 International Fund

Platinum International Fund is our flagship global fund with a long/short strategy. It has A$9,780.9 million under management^ and a track record of achieving 12.3% compound return annually since inception (on 30/4/1995).*

A truly diversified portfolio of companies from around the world and across industry sectors, the fund offers investors exposure to undervalued businesses in both developed and emerging markets.

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

Platinum International Fund is an unlisted, open-ended managed fund. Other products with a similar global strategy include:

Industry Breakdown1
SectorLong % Short %Net %
Financials 14.7 - 14.7
Communication Services 13.2 (0.1) 13.1
Industrials 11.7 (0.5) 11.2
Info Technology 13.6 (4.0) 9.7
Materials 9.4 - 9.4
Consumer Discretionary 9.0 (3.7) 5.4
Energy 5.2 - 5.2
Health Care 4.9 (2.0) 3.0
Real Estate 2.2 - 2.2
Consumer Staples 3.0 (2.5) 0.5
Utilities 0.2 - 0.2
Other - (9.8) (9.8)
"Other" includes index short positions.
Top 10 Positions3
StockCountryIndustry%
Ping An Insurance China Financials 4.0
Samsung Electronics Co Ltd Korea Info Technology 3.5
Facebook Inc United States Comm Services 3.2
Alphabet Inc United States Comm Services 3.2
TechnipFMC Ltd UK Energy 2.5
Intel Corp United States Info Technology 2.4
ZTO Express Inc ADR China Industrials 2.3
Glencore plc Switzerland Materials 2.2
Bharti Airtel Ltd India Comm Services 2.1
PICC Prop & Cas China Financials 2.1
Total 27.5
“China” indicates a company whose business is predominantly based in mainland China, regardless of whether its securities are listed on exchanges within or outside of mainland China.
Disposition of Assets2
Long %Short %Net %Currency%
Asia-Pacific 44.3 (3.6) 40.7 32.0
Australia 0.1 (0.6) (0.4) 0.1
China 6.6 - 6.6 7.7
China Ex PRC 15.5 - 15.5 -
Hong Kong 0.8 - 0.8 13.1
India 4.4 - 4.4 4.6
Japan 10.2 (2.3) 7.8 16.5
Korea 6.2 (0.7) 5.5 5.5
Thailand 0.5 - 0.5 0.5
China Renminbi Off Shore - - - (16.0)
Europe 16.1 (1.7) 14.4 16.5
Austria 1.4 - 1.4 -
Denmark 0.6 - 0.6 0.6
France 2.9 - 2.9 -
Germany 1.7 (0.9) 0.8 -
Ireland 0.9 - 0.9 -
Italy 1.2 - 1.2 -
Norway 1.1 - 1.1 2.0
Switzerland 3.8 - 3.8 1.6
United Kingdom 2.6 (0.8) 1.8 3.3
Euro - - - 9.1
North America 26.0 (17.2) 8.8 50.8
Canada 3.2 - 3.2 2.6
United States 22.8 (17.2) 5.6 48.2
Other 0.7 - 0.7 0.6
Brazil 0.7 - 0.7 0.6
Sub-Total 87.0 (22.4) 64.6 100.0
Cash 13.0 - 35.4 -
Total 100.0 - 100.0 100.0
Long: 97 stocks, 4 swaps. Short: 18 swaps, 3 indices.
Top 10 Positions3
StockCountryIndustry%
Ping An Insurance China Financials 4.0
Samsung Electronics Co Ltd Korea Info Technology 3.5
Facebook Inc United States Comm Services 3.2
Alphabet Inc United States Comm Services 3.2
TechnipFMC Ltd UK Energy 2.5
Intel Corp United States Info Technology 2.4
ZTO Express Inc ADR China Industrials 2.3
Glencore plc Switzerland Materials 2.2
Bharti Airtel Ltd India Comm Services 2.1
PICC Prop & Cas China Financials 2.1
Total 27.5
“China” indicates a company whose business is predominantly based in mainland China, regardless of whether its securities are listed on exchanges within or outside of mainland China.
All data as at [31 August 2019] .
  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.