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$8,728.4 million under management^ and a track record of achieving 12.1% 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 %
Industrials 21.5 - 21.5
Materials 17.9 (0.3) 17.6
Financials 14.6 - 14.6
Information Technology 14.0 (4.7) 9.3
Consumer Discretionary 9.3 (0.8) 8.5
Real Estate 3.4 - 3.4
Health Care 6.0 (3.2) 2.8
Communication Services 1.6 - 1.6
Energy 0.7 - 0.7
Consumer Staples - (1.4) (1.4)
Other - (11.2) (11.2)
"Other" includes index short positions.
Top 10 Positions3
StockCountryIndustry%
AIA Group Ltd Hong Kong Financials 2.5
China Overseas Land & Inv China Real Estate 2.4
General Electric Co United States of America Industrials 2.8
Glencore PLC Australia Materials 3.0
Microchip Technology Inc United States of America Information Technology 2.6
Micron Technology Inc United States of America Information Technology 2.7
Minebea Co Ltd Japan Industrials 2.7
Ping An Insurance Group China Financials 2.8
Samsung Electronics Co South Korea Information Technology 4.5
Weichai Power Co Ltd China Industrials 2.6
Total 28.6
“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 43.5 (0.5) 43.0 46.4
Australia 3.4 - 3.4 3.5
China 14.8 - 14.8 14.8
Hong Kong 2.5 - 2.5 5.3
India 2.5 - 2.5 2.5
Japan 13.4 (0.5) 12.9 13.2
South Korea 6.7 - 6.7 6.8
Thailand 0.2 - 0.2 0.2
Europe 18.5 (0.5) 18.0 19.6
Austria 1.2 - 1.2 -
Belgium 0.1 - 0.1 -
Denmark 0.4 - 0.4 0.4
Finland 2.2 - 2.2 -
France 3.6 (0.1) 3.5 -
Germany 4.4 - 4.4 -
Ireland 1.7 - 1.7 -
Italy 1.8 - 1.8 -
Netherlands - (0.4) (0.3) -
Spain 1.6 - 1.6 -
United Kingdom 1.5 - 1.5 2.6
Euro - - - 16.6
North America 25.6 (20.7) 4.9 32.6
Canada 2.0 (0.3) 1.7 3.9
United States of America 23.6 (20.3) 3.3 28.7
Sub-Total 87.6 (21.6) 66.0 98.5
Cash 12.4 - 34.0 -
Total 100.0 - 100.0 100.0
Long - 96 stocks, 2 swaps Short - 22 swaps, 1 index
Top 10 Positions3
StockCountryIndustry%
AIA Group Ltd Hong Kong Financials 2.5
China Overseas Land & Inv China Real Estate 2.4
General Electric Co United States of America Industrials 2.8
Glencore PLC Australia Materials 3.0
Microchip Technology Inc United States of America Information Technology 2.6
Micron Technology Inc United States of America Information Technology 2.7
Minebea Co Ltd Japan Industrials 2.7
Ping An Insurance Group China Financials 2.8
Samsung Electronics Co South Korea Information Technology 4.5
Weichai Power Co Ltd China Industrials 2.6
Total 28.6
“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 March 2021] .
  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.