13F HOLDINGS REPORT
PLATINUM INVESTMENT MANAGEMENT LTD
Quarter ended Q4 2025 · Filed February 13, 2026 · Accession 0001256071-26-000004
Total Value
$432.7M
Positions
124
Other Managers
0
Confidential Omitted
No
Holdings (124)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ZTO EXPRESS CAYMAN INC | ZTOEF | 1,994,127 | $41.7M | 9.63% |
| 2 | TRIP COM GROUP LTD | TRPCF | 443,718 | $31.9M | 7.37% |
| 3 | DINGDONG CAYMAN LTD | DDL | 6,460,889 | $16.1M | 3.72% |
| 4 | ALPHABET INC | GOOG | 36,843 | $11.6M | 2.67% |
| 5 | BROADCOM INC | AVGO | 30,874 | $10.7M | 2.47% |
| 6 | NOAH HLDGS LTD | NOAH | 1,058,912 | $10.6M | 2.46% |
| 7 | BIRKENSTOCK HOLDING PLC | BIRK | 247,600 | $10.1M | 2.34% |
| 8 | LAM RESEARCH CORP | LRCX | 55,845 | $9.6M | 2.21% |
| 9 | PDD HOLDINGS INC | PDD | 78,445 | $8.9M | 2.06% |
| 10 | AMAZON COM INC | AMZN | 31,080 | $7.2M | 1.66% |
| 11 | MICRON TECHNOLOGY INC | MU | 24,920 | $7.1M | 1.64% |
| 12 | ABBVIE INC | ABBV | 30,102 | $6.9M | 1.59% |
| 13 | MERCK & CO INC | MRK | 63,316 | $6.7M | 1.54% |
| 14 | FAIR ISAAC CORP | FICO | 3,859 | $6.5M | 1.51% |
| 15 | STRUCTURE THERAPEUTICS INC | GPCR | 87,874 | $6.1M | 1.41% |
| 16 | VERA THERAPEUTICS INC | VERA | 119,384 | $6.0M | 1.40% |
| 17 | YUM BRANDS INC | YUM | 39,847 | $6.0M | 1.39% |
| 18 | IQVIA HLDGS INC | IQV | 26,708 | $6.0M | 1.39% |
| 19 | AMER SPORTS INC | AS | 160,000 | $6.0M | 1.38% |
| 20 | ARROWHEAD PHARMACEUTICALS IN | ARWR | 89,484 | $5.9M | 1.37% |
| 21 | JOHNSON & JOHNSON | JNJ | 27,830 | $5.8M | 1.33% |
| 22 | ROGERS COMMUNICATIONS INC | RCIAF | 147,160 | $5.6M | 1.29% |
| 23 | H WORLD GROUP LTD | HWLDF | 117,996 | $5.6M | 1.28% |
| 24 | UBS GROUP AG | UBS | 117,507 | $5.5M | 1.27% |
| 25 | ZOETIS INC | ZTS | 42,000 | $5.3M | 1.22% |
| 26 | NVIDIA CORPORATION | NVDA | 28,191 | $5.3M | 1.22% |
| 27 | APOGEE THERAPEUTICS INC | APGE | 69,212 | $5.2M | 1.21% |
| 28 | UBER TECHNOLOGIES INC | UBER | 63,217 | $5.2M | 1.19% |
| 29 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 31,856 | $5.2M | 1.19% |
| 30 | VISA INC | V | 14,700 | $5.2M | 1.19% |
| 31 | ALPHABET INC | GOOG | 16,000 | $5.0M | 1.16% |
| 32 | ADOBE INC | ADBE | 13,846 | $4.8M | 1.12% |
| 33 | IMMUNOVANT INC | IMVT | 181,774 | $4.6M | 1.07% |
| 34 | META PLATFORMS INC | META | 7,000 | $4.6M | 1.07% |
| 35 | HOME DEPOT INC | HD | 13,300 | $4.6M | 1.06% |
| 36 | TERNS PHARMACEUTICALS INC | TERN | 110,734 | $4.5M | 1.03% |
| 37 | COSTAR GROUP INC | CSGP | 65,000 | $4.4M | 1.01% |
| 38 | COGENT BIOSCIENCES INC | COGT | 121,229 | $4.3M | 1.00% |
| 39 | FLOOR & DECOR HLDGS INC | FND | 68,900 | $4.2M | 0.97% |
| 40 | IDEAYA BIOSCIENCES INC | IDYA | 120,604 | $4.2M | 0.96% |
| 41 | KROGER CO | KR | 66,666 | $4.2M | 0.96% |
| 42 | MICROSOFT CORP | MSFT | 8,573 | $4.1M | 0.96% |
| 43 | ROIVANT SCIENCES LTD | ROIV | 189,146 | $4.1M | 0.95% |
| 44 | WAVE LIFE SCIENCES LTD | WVE | 230,687 | $3.9M | 0.91% |
| 45 | CENTESSA PHARMACEUTICALS PLC | CNTA | 155,101 | $3.9M | 0.90% |
| 46 | CAMECO CORP | CCJ | 42,356 | $3.9M | 0.90% |
| 47 | TRANSUNION | TRU | 44,595 | $3.8M | 0.88% |
| 48 | BRIDGEBIO PHARMA INC | BBIO | 47,756 | $3.7M | 0.84% |
| 49 | WOLVERINE WORLD WIDE INC | WWW | 200,000 | $3.6M | 0.84% |
| 50 | ADC THERAPEUTICS SA | ADCT | 990,778 | $3.5M | 0.81% |
| 51 | MASTERCARD INCORPORATED | MA | 5,689 | $3.2M | 0.75% |
| 52 | ARCUS BIOSCIENCES INC | RCUS | 134,217 | $3.2M | 0.74% |
| 53 | E L F BEAUTY INC | ELF | 42,000 | $3.2M | 0.74% |
| 54 | CATERPILLAR INC | CAT | 5,500 | $3.2M | 0.73% |
| 55 | ZYMEWORKS INC | ZYME | 105,184 | $2.8M | 0.64% |
| 56 | INTUITIVE SURGICAL INC | ISRG | 4,846 | $2.7M | 0.63% |
| 57 | PROQR THRAPEUTICS N V | N71542109 | 1,235,514 | $2.5M | 0.58% |
| 58 | VEEVA SYS INC | VEEV | 11,110 | $2.5M | 0.57% |
| 59 | KLA CORP | KLAC | 2,039 | $2.5M | 0.57% |
| 60 | MODINE MFG CO | 607828100 | 17,455 | $2.3M | 0.54% |
| 61 | VALARIS LTD | VAL-WT | 45,956 | $2.3M | 0.54% |
| 62 | DUTCH BROS INC | BROS | 37,500 | $2.3M | 0.53% |
| 63 | CAVA GROUP INC | CAVA | 37,500 | $2.2M | 0.51% |
| 64 | IDEXX LABS INC | 45168D104 | 3,000 | $2.0M | 0.47% |
| 65 | GE VERNOVA INC | GEV | 3,047 | $2.0M | 0.46% |
| 66 | VERTIV HOLDINGS CO | VRT | 12,045 | $2.0M | 0.45% |
| 67 | WINGSTOP INC | WING | 8,000 | $1.9M | 0.44% |
| 68 | BOSTON SCIENTIFIC CORP | BSX | 19,554 | $1.9M | 0.43% |
| 69 | GOSSAMER BIO INC | GOSS | 561,951 | $1.7M | 0.40% |
| 70 | BRIGHT MINDS BIOSCIENCES INC | DRUG | 21,730 | $1.7M | 0.39% |
| 71 | MOTOROLA SOLUTIONS INC | MSI | 4,275 | $1.6M | 0.38% |
| 72 | ARISTA NETWORKS INC | ANET | 12,456 | $1.6M | 0.38% |
| 73 | PALISADE BIO INC | PALI | 664,087 | $1.6M | 0.36% |
| 74 | ADVANCED MICRO DEVICES INC | AMD | 7,210 | $1.5M | 0.36% |
| 75 | REVOLUTION MEDICINES INC | RVMDW | 18,652 | $1.5M | 0.34% |
| 76 | MBX BIOSCIENCES INC | MBX | 43,597 | $1.4M | 0.32% |
| 77 | SHOPIFY INC | SHOP | 8,161 | $1.3M | 0.30% |
| 78 | BICYCLE THERAPEUTICS PLC | BCYC | 184,603 | $1.3M | 0.30% |
| 79 | STOKE THERAPEUTICS INC | STOK | 40,815 | $1.3M | 0.30% |
| 80 | POWER SOLUTIONS INTL INC | 73933G202 | 20,000 | $1.1M | 0.26% |
| 81 | COUPANG INC | CPNG | 47,735 | $1.1M | 0.26% |
| 82 | BOOKING HOLDINGS INC | BKNG | 200 | $1.1M | 0.25% |
| 83 | MIND MEDICINE MINDMED INC | 60255C885 | 70,000 | $937,300 | 0.22% |
| 84 | JD.COM INC | JDCMF | 30,853 | $885,481 | 0.20% |
| 85 | ARVINAS INC | ARVN | 72,527 | $860,170 | 0.20% |
| 86 | ABSCI CORPORATION | ABSI | 237,764 | $829,796 | 0.19% |
| 87 | ALIBABA GROUP HLDG LTD | BBAAY | 5,333 | $781,711 | 0.18% |
| 88 | MEIRAGTX HLDGS PLC | MGTX | 93,922 | $746,680 | 0.17% |
| 89 | AURA BIOSCIENCES INC | AURA | 111,865 | $609,664 | 0.14% |
| 90 | CODEXIS INC | CDXS | 264,464 | $431,076 | 0.10% |
| 91 | MAGNUM ICE CREAM CO NV | MICC | 21,682 | $346,668 | 0.08% |
| 92 | PONY AI INC | PYAIF | 16,552 | $240,004 | 0.06% |
| 93 | INTEL CORP | INTC | 5,453 | $201,216 | 0.05% |
| 94 | PETROLEO BRASILEIRO SA PETRO | 71654V101 | 16,148 | $181,988 | 0.04% |
| 95 | SKYE BIOSCIENCE INC | SKYE | 233,095 | $174,751 | 0.04% |
| 96 | BOISE CASCADE CO DEL | BCC | 1,403 | $103,261 | 0.02% |
| 97 | LIBERTY BROADBAND CORP | LBRDP | 2,060 | $100,116 | 0.02% |
| 98 | JAZZ PHARMACEUTICALS PLC | JAZZ | 452 | $76,840 | 0.02% |
| 99 | ONEMAIN HLDGS INC | OMF | 1,091 | $73,697 | 0.02% |
| 100 | GOODYEAR TIRE & RUBR CO | 382550101 | 8,244 | $72,217 | 0.02% |
| 101 | HUNTSMAN CORP | HUN | 6,761 | $67,610 | 0.02% |
| 102 | CORE LABORATORIES INC | CLB | 4,196 | $67,262 | 0.02% |
| 103 | MATADOR RES CO | MTDR | 1,573 | $66,758 | 0.02% |
| 104 | VISTA ENERGY S.A.B. DE C.V. | VSOGF | 1,370 | $66,664 | 0.02% |
| 105 | UNITEDHEALTH GROUP INC | UNH | 201 | $66,352 | 0.02% |
| 106 | WHIRLPOOL CORP | WHR-PA | 919 | $66,297 | 0.02% |
| 107 | CVS HEALTH CORP | CVS | 830 | $65,869 | 0.02% |
| 108 | TARGET CORP | TGT | 673 | $65,786 | 0.02% |
| 109 | DOW INC | DOW | 2,798 | $65,417 | 0.02% |
| 110 | THE CAMPBELLS COMPANY | CPB | 2,301 | $64,129 | 0.01% |
| 111 | FUTU HLDGS LTD | FUTU | 390 | $64,042 | 0.01% |
| 112 | THE CIGNA GROUP | 125523100 | 228 | $62,752 | 0.01% |
| 113 | UNIVERSAL HLTH SVCS INC | 913903100 | 285 | $62,136 | 0.01% |
| 114 | ALLISON TRANSMISSION HLDGS I | ALSN | 632 | $61,873 | 0.01% |
| 115 | GENERAL MLS INC | 370334104 | 1,302 | $60,543 | 0.01% |
| 116 | LYONDELLBASELL INDUSTRIES N | LYB | 1,378 | $59,667 | 0.01% |
| 117 | HP INC | HPQ | 2,669 | $59,465 | 0.01% |
| 118 | BEST BUY INC | BBY | 853 | $57,091 | 0.01% |
| 119 | NOBLE CORP PLC | NE-WT | 1,965 | $55,492 | 0.01% |
| 120 | HERBALIFE LTD | HLF | 3,783 | $48,763 | 0.01% |
| 121 | JACKSON FINANCIAL INC | JXN-PA | 342 | $36,474 | 0.01% |
| 122 | GLOBE LIFE INC | GL-PD | 245 | $34,266 | 0.01% |
| 123 | ECOPETROL S A | EC | 3,107 | $31,132 | 0.01% |
| 124 | HELLO GROUP INC | MOMO | 4,047 | $26,508 | 0.01% |