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$8,561.5 million under management^ and a track record of achieving 11.7% 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 17.8 (2.2) 15.6
Industrials 13.9 (0.7) 13.2
Financials 11.3 (0.2) 11.2
Communication Services 10.0 (0.1) 9.9
Health Care 9.9 - 9.9
Consumer Discretionary 11.5 (3.0) 8.6
Materials 9.9 (2.4) 7.4
Real Estate 2.6 - 2.6
Energy 2.1 - 2.1
Utilities 0.2 - 0.2
Consumer Staples 0.6 (2.9) (2.2)
Other - (7.9) (7.9)
"Other" includes index short positions.
Top 10 Positions3
StockCountryIndustry%
Samsung Electronics Co Ltd Korea Info Technology 3.8
ZTO Express Inc ADR China Industrials 3.5
Alphabet Inc United States Comm Services 3.0
Facebook Inc United States Comm Services 2.9
Ping An Insurance China Financials 2.9
Skyworks Solutions United States Info Technology 2.6
Takeda Pharma Co Japan Health Care 2.6
Microchip Technology United States Info Technology 2.5
China Overseas Land & Investment China Real Estate 2.5
Micron Technology In United States Info Technology 2.4
Total 28.5
“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 43.1 (5.4) 37.7 57.2
Australia 0.5 (2.7) (2.2) 10.3
China 4.4 - 4.4 6.3
China Ex PRC 15.1 - 15.1 -
Hong Kong 1.5 - 1.5 11.4
India 2.4 - 2.4 2.4
Japan 12.7 (2.7) 10.0 20.3
Korea 6.1 - 6.1 6.1
Thailand 0.3 - 0.3 0.3
Europe 17.6 (1.4) 16.2 25.6
Austria 1.1 - 1.1 -
Denmark 0.3 - 0.3 0.3
France 3.2 - 3.2 -
Germany 3.2 (1.4) 1.8 -
Ireland 1.2 - 1.2 -
Italy 1.1 - 1.1 -
Norway 0.2 - 0.2 1.0
Spain 1.8 - 1.8 -
Switzerland 4.0 - 4.0 1.7
United Kingdom 1.5 - 1.5 3.8
Euro - - - 18.9
North America 28.7 (12.4) 16.2 16.9
Canada 2.4 - 2.4 2.4
United States 26.3 (12.4) 13.8 14.5
Other 0.4 - 0.4 0.3
Brazil 0.4 - 0.4 0.3
Sub-Total 89.8 (19.3) 70.5 100.0
Cash 10.2 - 29.5 -
Total 100.0 - 100.0 100.0
Long - 95 stocks, 2 swaps Short - 26 swaps, 4 indices
Top 10 Positions3
StockCountryIndustry%
Samsung Electronics Co Ltd Korea Info Technology 3.8
ZTO Express Inc ADR China Industrials 3.5
Alphabet Inc United States Comm Services 3.0
Facebook Inc United States Comm Services 2.9
Ping An Insurance China Financials 2.9
Skyworks Solutions United States Info Technology 2.6
Takeda Pharma Co Japan Health Care 2.6
Microchip Technology United States Info Technology 2.5
China Overseas Land & Investment China Real Estate 2.5
Micron Technology In United States Info Technology 2.4
Total 28.5
“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 [30 April 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.