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 Japan Fund

Platinum Japan Fund is our long-running Japan strategy offering with A$662.2 million under management^ and a track record of delivering 13.6% compound return annually since inception (on 30/6/1998).*

Unconstrained by industry sector, Platinum Japan Fund invests in a wide range of Japanese (and, to a lesser extent, South Korean#) companies, from leading industrial conglomerates and financial powerhouses to innovators in software, electronics and robotics, from consumer goods giants to specialist healthcare companies.

Learn more about our Japan strategy.

Industry Breakdown1
SectorLong % Short %Net %
Communication Services 24.3 - 24.3
Health Care 20.3 (5.5) 14.8
Consumer Discretionary 14.8 (4.4) 10.4
Industrials 10.4 (3.5) 7.0
Info Technology 13.3 (6.8) 6.6
Materials 4.0 (1.7) 2.3
Financials 1.0 - 1.0
Real Estate 0.1 - 0.1
Consumer Staples 1.1 (3.7) (2.6)
Top 10 Positions3
StockCountryIndustry%
Takeda Pharma Co Japan Health Care 7.9
Nintendo Co Ltd Japan Comm Services 5.2
Oracle Japan Japan Info Technology 4.9
Rakuten Inc Japan Cons Discretionary 4.8
CyberAgent Inc Japan Comm Services 4.4
Minebea Co Ltd Japan Industrials 4.2
Astellas Pharma Japan Health Care 4.1
KDDI Corporation Japan Comm Services 3.8
Nexon Co Ltd Japan Comm Services 3.8
NTT Japan Comm Services 3.8
Total 47.1
Disposition of Assets2
Long %Short %Net %Currency%
Asia-Pacific 89.4 (25.5) 63.8 96.1
Japan 85.9 (24.2) 61.8 98.6
Korea 3.5 (1.4) 2.1 (2.5)
North America - - - 3.8
United States Dollar - - - 3.8
Sub-Total 89.4 (25.5) 63.8 100.0
Cash 10.6 - 36.2 -
Total 100.0 - 100.0 100.0
Long - 45 stocks Short - 22 swaps
Top 10 Positions3
StockCountryIndustry%
Takeda Pharma Co Japan Health Care 7.9
Nintendo Co Ltd Japan Comm Services 5.2
Oracle Japan Japan Info Technology 4.9
Rakuten Inc Japan Cons Discretionary 4.8
CyberAgent Inc Japan Comm Services 4.4
Minebea Co Ltd Japan Industrials 4.2
Astellas Pharma Japan Health Care 4.1
KDDI Corporation Japan Comm Services 3.8
Nexon Co Ltd Japan Comm Services 3.8
NTT Japan Comm Services 3.8
Total 47.1
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.