📊 Platinum Investment Management 13F — PLATINUM INVESTMENT MANAGEMENT LTD: $407M portfolio, 85 positions (Q2 2026)

1. ZTO — $45M (11.0%) 2. MU — $21M (5.0%) 3. LRCX — $20M (4.9%) 4. TCOM — $14M (3.4%) 5. DDL — $13M (3.1%) 6. NOAH — $10M (2.4%) 7. AVGO — $10M (2.4%) 8. BIRKENSTOCK HOLDING PLC — $9M (2.2%) 9. ASTRAZENECA PLC — $9M (2.2%) 10. GOOG — $9M (2.1%) 11. MRK — $8M (2.0%) 12. APGE — $8M (1.9%) 13. ABBV — $8M (1.9%) 14. JNJ — $7M (1.7%) 15. YUM — $6M (1.6%) 16. PDD — $6M (1.5%) 17. COGT — $6M (1.5%) 18. UBS GROUP AG — $6M (1.4%) 19. NVDA — $6M (1.4%) 20. IMVT — $6M (1.4%) … (+65 more)

1. ZTO — $45M (11.0%)