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$7,875.5 million under management^ and a track record of achieving 11.5% 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 %
Info Technology 18.1 (1.0) 17.2
Industrials 16.3 (0.5) 15.8
Financials 11.2 - 11.1
Materials 10.3 - 10.3
Consumer Discretionary 11.4 (1.7) 9.8
Health Care 8.1 - 8.1
Communication Services 7.6 - 7.6
Real Estate 2.1 - 2.1
Energy 1.7 - 1.7
Utilities 0.2 - 0.2
Consumer Staples 0.4 (2.7) (2.4)
Other - (3.4) (3.4)
"Other" includes index short positions.
Top 10 Positions3
StockCountryIndustry%
Samsung Electronics Co Ltd Korea Info Technology 3.6
ZTO Express Inc ADR China Industrials 3.0
Amadeus IT Holdings Spain Info Technology 2.8
Ping An Insurance China Financials 2.6
Booking Holdings Inc United States Cons Discretionary 2.6
Glencore plc Switzerland Materials 2.6
Microchip Technology United States Info Technology 2.6
Alphabet Inc United States Comm Services 2.5
General Electric Co United States Industrials 2.4
LG Chem Ltd Korea Materials 2.4
Total 27.2
“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 39.7 (0.1) 39.6 51.2
Australia 0.3 - 0.3 10.6
China 17.1 - 17.1 4.7
Hong Kong 1.6 - 1.6 9.5
India 1.1 - 1.1 1.1
Japan 12.9 - 12.9 18.8
Korea 6.3 - 6.3 6.3
New Zealand - (0.1) (0.1) (0.1)
Thailand 0.4 - 0.4 0.4
Europe 18.4 (0.1) 18.3 27.8
Austria 1.2 - 1.2 -
Belgium 0.1 - 0.1 -
Denmark 0.4 - 0.4 0.4
France 3.6 - 3.6 -
Germany 4.0 - 4.0 -
Ireland 1.1 - 1.1 -
Italy 1.2 - 1.2 -
Netherlands - (0.1) (0.1) -
Norway 0.2 - 0.2 1.0
Spain 2.8 - 2.8 -
Switzerland 2.6 - 2.6 -
United Kingdom 1.2 - 1.2 3.0
Euro - - - 23.4
North America 28.1 (9.0) 19.0 20.6
Canada 1.7 - 1.7 1.7
United States 26.4 (9.0) 17.4 18.8
Other 1.3 - 1.3 0.3
Brazil 0.4 - 0.4 0.3
Zambia 0.9 - 0.9 -
Sub-Total 87.4 (9.2) 78.1 100.0
Cash 12.6 - 21.9 -
Total 100.0 - 100.0 100.0
Long - 88 stocks, 2 swaps Short - 15 swaps, 2 indices
Top 10 Positions3
StockCountryIndustry%
Samsung Electronics Co Ltd Korea Info Technology 3.6
ZTO Express Inc ADR China Industrials 3.0
Amadeus IT Holdings Spain Info Technology 2.8
Ping An Insurance China Financials 2.6
Booking Holdings Inc United States Cons Discretionary 2.6
Glencore plc Switzerland Materials 2.6
Microchip Technology United States Info Technology 2.6
Alphabet Inc United States Comm Services 2.5
General Electric Co United States Industrials 2.4
LG Chem Ltd Korea Materials 2.4
Total 27.2
“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 [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.