Institutional Manager · CIK 0001577774

Regal Partners Ltd

SYDNEY, C3 · File #028-15536

Latest AUM

$1.73B

Positions

154

Top-10 Concentration

66.6%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	Apollo Global Management Inc	03769M106	-616,863	-$89.3M	+$7.3M
EXITED	Fox Corp	35137L204	-660,349	-$37.8M	$0
ADD	Royalty Pharma PLC	RPRX	+772,095	+$29.8M	+$4.8M
ADD	Union Pacific Corp	UNP	+113,405	+$26.2M	-$590,573
ADD	GOLD ROYALTY CORP	GROY-WT	+5,687,471	+$23.4M	+$6,435
ADD	Bank of America Corp	060505104	+269,486	+$14.8M	+$6.9M
NEW	NANO Nuclear Energy Inc	NNE	+616,391	+$14.8M	$0
REDUCE	Alcoa Corp	AA	-267,807	-$14.2M	+$6.5M
ADD	GE HealthCare Technologies Inc	GEHC	+172,251	+$14.1M	+$193,968
REDUCE	Alphabet Inc	GOOG	-44,522	-$14.0M	+$14.7M

Sector Allocation

Materials

13.5%$233.9M

Healthcare

7.3%$125.8M

Consumer Discretionary

7.0%$121.9M

5.1%$88.7M

3.3%$57.3M

1.5%$26.1M

0.8%$13.3M

Communication Services

0.6%$11.0M

Utilities

0.1%$1.3M

Real Estate

0.0%$797,700

Filing History

Feb 18, 202613F HOLDINGS REPORTQ/E Dec 2025154 pos · $1.73B
Nov 13, 202513F HOLDINGS REPORTQ/E Sep 2025124 pos · $1.40B
Aug 5, 202513F HOLDINGS REPORTQ/E Jun 2025106 pos · $1.18B
May 13, 202513F HOLDINGS REPORTQ/E Mar 202581 pos · $976.4M
Feb 14, 202513F HOLDINGS REPORTQ/E Dec 202497 pos · $987.7M
Nov 6, 202413F HOLDINGS REPORTQ/E Sep 202487 pos · $1.13B
Aug 2, 202413F HOLDINGS REPORTQ/E Jun 202479 pos · $965.5M
May 15, 202413F HOLDINGS REPORT (Amended)Q/E Mar 202445 pos · $940.2M
May 15, 202413F HOLDINGS REPORT (Amended)Q/E Mar 202453 pos · $994.9M
May 13, 202413F HOLDINGS REPORTQ/E Mar 202453 pos · $994,877
Nov 14, 202313F HOLDINGS REPORTQ/E Dec 202341 pos · $448.0M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	Newmont Corp	NEMCL	1,880,509	$187.8M	11.84%
2	Teck Resources Ltd	TCKRF	2,948,514	$141.2M	8.90%
3	Bank of America Corp	060505104	2,287,781	$125.8M	7.93%
4	Apollo Global Management Inc	03769M106	846,352	$122.5M	7.73%
5	Freeport-McMoRan Inc	FCX	2,112,768	$107.3M	6.77%
6	Wynn Resorts Ltd	WYNN	805,646	$96.9M	6.11%
7	Royalty Pharma PLC	RPRX	2,207,221	$85.3M	5.38%
8	Sanofi SA	SNYNF	1,639,587	$79.5M	5.01%
9	Wells Fargo & Co	949746101	604,596	$56.3M	3.55%
10	Union Pacific Corp	UNP	230,350	$53.3M	3.36%
11	Alphabet Inc	GOOG	165,119	$51.8M	3.27%
12	Truist Financial Corp	89832Q109	917,804	$45.2M	2.85%
13	Freeport-McMoRan Inc	FCX	567,459	$28.8M	1.82%
14	Barrick Mining Corp	06849F108	590,132	$25.7M	1.62%
15	GOLD ROYALTY CORP	GROY-WT	5,712,223	$23.5M	1.48%
16	Teck Resources Ltd	TCKRF	428,701	$20.5M	1.29%
17	Amazon.com Inc	AMZN	84,775	$19.6M	1.23%
18	Cameco Corp	CCJ	205,705	$18.8M	1.19%
19	Apollo Global Management Inc	03769M106	124,976	$18.1M	1.14%
20	Kinross Gold Corp	KGCRF	637,539	$18.0M	1.13%