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$772.3 million under management^ and a track record of delivering 14.3% 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 %
Consumer Discretionary 23.9 (3.4) 20.5
Communication Services 16.8 - 16.8
Info Technology 15.4 (4.0) 11.5
Industrials 10.6 (1.9) 8.8
Materials 6.9 - 6.9
Health Care 6.9 (3.0) 3.9
Energy 2.7 - 2.7
Financials 2.5 - 2.5
Real Estate 0.2 - 0.2
Consumer Staples 1.1 (3.1) (1.9)
Other - (10.4) (10.4)
Top 10 Positions3
StockCountryIndustry%
Takeda Pharma Co Japan Health Care 4.4
Oracle Japan Japan Info Technology 4.4
Rakuten Inc Japan Cons Discretionary 3.8
Kangwon Land Korea Cons Discretionary 3.7
Japan Physical Gold ETF Japan Materials 3.6
Itochu Corporation Japan Industrials 3.5
Nintendo Co Ltd Japan Comm Services 3.5
KDDI Corporation Japan Comm Services 3.1
Kyocera Corp Japan Info Technology 3.0
NTT Japan Comm Services 3.0
Total 36.0
Disposition of Assets2
Long %Short %Net %Currency%
Asia-Pacific 87.0 (25.7) 61.3 85.2
Japan 82.0 (24.3) 57.7 102.2
Korea 5.0 (1.4) 3.6 3.6
Australian Dollar - - - (20.5)
North America - - - 14.8
United States Dollar - - - 14.8
Sub-Total 87.0 (25.7) 61.3 100.0
Cash 13.0 - 38.7 -
Total 100.0 - 100.0 100.0
Long: 57 stocks. Short: 20 swaps, 1 index.
Top 10 Positions3
StockCountryIndustry%
Takeda Pharma Co Japan Health Care 4.4
Oracle Japan Japan Info Technology 4.4
Rakuten Inc Japan Cons Discretionary 3.8
Kangwon Land Korea Cons Discretionary 3.7
Japan Physical Gold ETF Japan Materials 3.6
Itochu Corporation Japan Industrials 3.5
Nintendo Co Ltd Japan Comm Services 3.5
KDDI Corporation Japan Comm Services 3.1
Kyocera Corp Japan Info Technology 3.0
NTT Japan Comm Services 3.0
Total 36.0
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.