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 Unhedged Fund

Platinum Unhedged Fund is a long-only global fund with A$233.3 million under management^ and a track record of delivering 11.1% compound return annually since inception (on 28/1/2005).*

The fund gives investors exposure to undervalued companies across the globe, including both developed and emerging markets, and is unconstrained by industry sector. Its portfolio consists largely of the manager’s best high conviction stock ideas drawn from all the Platinum Trust Funds.

The fund does not undertake any currency hedging – its currency exposure is determined by the currencies in which the fund’s securities holdings and cash holdings are denominated, which means that its global equity exposure also provides substantial currency diversification.

Platinum Unhedged Fund employs a long-only strategy and does not undertake any short-selling. Cash holdings (typically no more than 25% of the fund’s net asset value) provide the portfolio with a degree of protection in market downturns.

For a long/short global strategy with actively managed currency positions, you may wish to consider the Platinum International Fund, or find out more about our other global strategy offerings.

Industry Breakdown1
SectorLong % Short %Net %
Industrials 24.7 - 24.7
Financials 17.4 - 17.4
Materials 16.6 - 16.6
Information Technology 13.2 - 13.2
Real Estate 5.7 - 5.7
Health Care 5.5 - 5.5
Consumer Discretionary 4.1 - 4.1
Communication Services 2.6 - 2.6
Top 10 Positions3
StockCountryIndustry%
Ally Financial Inc United States of America Financials 4.6
Applus Services SA Spain Industrials 3.8
China Overseas Land & Inv China Real Estate 2.9
Glencore PLC Australia Materials 3.1
Microchip Technology Inc United States of America Information Technology 4.3
Micron Technology Inc United States of America Information Technology 4.0
Minebea Co Ltd Japan Industrials 3.0
Raiffeisen Bank Intl Austria Financials 3.2
Samsung Electronics Co South Korea Information Technology 3.5
Weichai Power Co Ltd China Industrials 3.8
Total 36.1
“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 40.0 - 40.0 42.1
Australia 3.2 - 3.2 3.2
China 14.1 - 14.1 14.1
Hong Kong 2.2 - 2.2 3.9
India 4.8 - 4.8 4.8
Japan 10.2 - 10.2 10.3
South Korea 5.6 - 5.6 5.8
Europe 21.4 - 21.4 23.6
Austria 3.2 - 3.2 -
Belgium 0.1 - 0.1 -
Finland 2.9 - 2.9 -
France 1.3 - 1.3 -
Germany 2.1 - 2.1 -
Ireland 2.1 - 2.1 -
Italy 2.1 - 2.1 -
Spain 3.8 - 3.8 -
United Kingdom 3.8 - 3.8 4.7
Euro - - - 18.9
North America 27.5 - 27.5 33.4
Canada 1.5 - 1.5 2.9
United States of America 26.0 - 26.0 30.4
Sub-Total 88.9 - 88.9 99.1
Cash 11.1 - 11.1 -
Total 100.0 - 100.0 100.0
Long - 56 stocks
Top 10 Positions3
StockCountryIndustry%
Ally Financial Inc United States of America Financials 4.6
Applus Services SA Spain Industrials 3.8
China Overseas Land & Inv China Real Estate 2.9
Glencore PLC Australia Materials 3.1
Microchip Technology Inc United States of America Information Technology 4.3
Micron Technology Inc United States of America Information Technology 4.0
Minebea Co Ltd Japan Industrials 3.0
Raiffeisen Bank Intl Austria Financials 3.2
Samsung Electronics Co South Korea Information Technology 3.5
Weichai Power Co Ltd China Industrials 3.8
Total 36.1
“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). As the Fund does not undertake short-selling, the Fund’s net exposures (“Net %”) are the same as its long exposures (“Long %”).
  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). As the Fund does not undertake short-selling, the Fund’s net exposures (“Net %”) are the same as its long exposures (“Long %”). “Currency %” represents the Fund’s effective exposures to the relevant currencies as a percentage of NAV through stock holdings and cash.
  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.