ANTIPODES PARTNERS Ltd
Long book
$5.19B
Q1 2026
Positions
126
Top-10 weight
35%
concentration
Last quarter
+4.3%
SPY +14.8%
Turnover
31%
of book per quarter
Strategy in plain words
auto-generated from filingsANTIPODES PARTNERS Ltd is a diversified fundamental manager, running a $5.19B US long book across 126 positions.
The portfolio is moderately concentrated (top 10 ≈ 35% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: AMAZON.COM INC, AMERICAN ELECTRIC POWER, MICROSOFT CORP, EXELON CORP, MERCK & CO. INC..
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-2.0%
Q2 2024
+7.6%
Q3 2024
-4.2%
Q4 2024
+0.7%
Q1 2025
+6.3%
Q2 2025
+12.0%
Q3 2025
+7.2%
Q4 2025
+3.0%
Q1 2026
+4.3%
Sector allocation
Utilities 33%
Technology 15%
Healthcare 14%
Energy 8%
Financials 8%
Consumer discretionary 7%
Industrials 5%
Materials 5%
Long book by quarter
What does ANTIPODES PARTNERS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMZN AMAZON.COM INC | Consumer discretionary | 1.2M | $249.3M | 4.8% | +22.6% |
| AEP AMERICAN ELECTRIC POWER | Utilities | 1.8M | $237.3M | 4.6% | -1.0% |
| MSFT MICROSOFT CORP | Technology | 531.7K | $196.8M | 3.8% | +27.5% |
| EXC EXELON CORP | Utilities | 3.8M | $184.5M | 3.6% | +2.1% |
| MRK MERCK & CO. INC. | Healthcare | 1.4M | $173.4M | 3.3% | -8.5% |
| SRE SEMPRA | Utilities | 1.7M | $167.4M | 3.2% | +7.6% |
| FER FERROVIAL NV | Industrials | 2.6M | $165.6M | 3.2% | +7.8% |
| B BARRICK MINING CORP | Materials | 4.1M | $165.4M | 3.2% | -9.4% |
| BKD BROOKDALE SENIOR LIVING INC | Healthcare | 11.4M | $156.0M | 3.0% | -0.2% |
| AEE AMEREN CORPORATION | Utilities | 1.3M | $139.8M | 2.7% | +2.3% |
| HCA HCA HEALTHCARE INC | Healthcare | 291.5K | $137.9M | 2.7% | -1.0% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 746.7K | $136.2M | 2.6% | -4.6% |
| TTE TOTALENERGIES SE | Energy | 1.4M | $133.3M | 2.6% | +2.8% |
| HTO H2O AMERICA | Utilities | 2.2M | $132.0M | 2.5% | +485.8% |
| ETR ENTERGY CORP | Utilities | 1.2M | $130.6M | 2.5% | +2.7% |
| NVDA NVIDIA CORP | Technology | 710.7K | $123.9M | 2.4% | New |
| WTRG ESSENTIAL UTILITIES INC | Utilities | 3.0M | $121.6M | 2.3% | -7.8% |
| KEYS KEYSIGHT TECHNOLOGIES IN | Technology | 378.9K | $107.0M | 2.1% | -10.1% |
| ENB ENBRIDGE INC | Energy | 1.9M | $102.4M | 2.0% | +0.2% |
| DUK DUKE ENERGY CORP | Utilities | 777.5K | $101.8M | 2.0% | +0.9% |
| D DOMINION ENERGY INC | Utilities | 1.6M | $99.3M | 1.9% | -9.7% |
| NI NISOURCE INC | Utilities | 2.1M | $97.9M | 1.9% | +0.7% |
| LNG CHENIERE ENERGY INC | Utilities | 329.7K | $93.6M | 1.8% | -11.4% |
| ALLY ALLY FINANCIAL INC | Financials | 2.3M | $89.5M | 1.7% | -7.9% |
| CART MAPLEBEAR INC | Services media | 2.4M | $88.4M | 1.7% | +209.4% |
| CRM SALESFORCE INC | Technology | 459.0K | $85.7M | 1.6% | +33.0% |
| EAT BRINKER INTERNATIONAL INC | Consumer discretionary | 587.0K | $83.8M | 1.6% | 0.0% |
| WDAY WORKDAY INC-CLASS A | Technology | 624.3K | $81.1M | 1.6% | +229.2% |
| EVRG EVERGY INC | Utilities | 983.4K | $80.6M | 1.6% | +3.6% |
| GMED GLOBUS MEDICAL INC - A | Healthcare | 897.6K | $77.3M | 1.5% | -1.0% |
| VAL VALARIS LTD | Energy | 771.0K | $75.6M | 1.5% | +10.9% |
| SLB SLB LTD | Energy | 1.4M | $74.4M | 1.4% | +107.4% |
| DIS WALT DISNEY CO/THE | Services media | 657.5K | $63.4M | 1.2% | New |
| KDP KEURIG DR PEPPER INC | Consumer staples | 2.3M | $61.8M | 1.2% | -1.7% |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 4.2M | $60.3M | 1.2% | +23.0% |
| PGR PROGRESSIVE CORP | Financials | 294.1K | $58.3M | 1.1% | New |
| META META PLATFORMS INC-CLASS A | Technology | 96.3K | $55.1M | 1.1% | -46.3% |
| ALNY ALNYLAM PHARMACEUTICALS INC | Healthcare | 145.3K | $48.1M | 0.9% | +203.4% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 161.2K | $36.4M | 0.7% | -3.7% |
| EGO ELDORADO GOLD CORP | Materials | 1.1M | $36.1M | 0.7% | -36.8% |
| DGX QUEST DIAGNOSTICS INC | Healthcare | 162.6K | $31.9M | 0.6% | -5.5% |
| ORCL ORACLE CORP | Technology | 212.1K | $31.2M | 0.6% | -11.5% |
| PCOR PROCORE TECHNOLOGIES INC | Technology | 478.7K | $27.3M | 0.5% | -44.2% |
| NEM NEWMONT CORP | Materials | 243.5K | $26.4M | 0.5% | -25.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 101.0K | $24.7M | 0.5% | -13.5% |
| UBS UBS GROUP AG-REG | Financials | 587.1K | $22.5M | 0.4% | -34.1% |
| OC OWENS CORNING | Industrials | 184.5K | $20.0M | 0.4% | New |
| GLOB GLOBANT SA | Technology | 374.0K | $17.2M | 0.3% | +16.9% |
| OTIS OTIS WORLDWIDE CORP | Industrials | 61.7K | $4.8M | 0.1% | -5.6% |
| HUMA HUMACYTE INC | Healthcare | 5.7M | $3.5M | 0.1% | +49039.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 5, 2026 | 128 | $5.19B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 132 | $4.76B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 116 | $4.46B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 106 | $3.22B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 6, 2025 | 103 | $3.19B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 79 | $2.88B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 84 | $2.89B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 5, 2024 | 81 | $2.75B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 72 | $3.16B | $K fixed canonical | SEC ↗ |
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