Australian Billionaire Kerr Neilson is Selling These 15 Stocks
In this article, we discuss the 15 stocks Australian billionaire Kerr Neilson is selling.
Platinum Asset Management, an Australian asset management company, has been publicly traded on the Australian Securities Exchange since 2007. It is a constituent of both the S&P/ASX 200 and S&P/ASX 300 indexes.
Kerr Neilson, a South African-born Australian investment manager, co-founded Platinum Asset Management and has earned the moniker "Australia's Warren Buffett" for his exceptional stock-picking skills. Neilson holds a Bachelor of Commerce from the University of Cape Town. His career began as an investment analyst under John Evans in the pensions department of Courtaulds, London. Returning to South Africa in 1972, he became head of research at Anderson Wilson Stockbrokers. In 1983, Neilson moved to Australia to join the funds management arm of Bankers Trust Australia. In 1994, he co-founded Platinum Asset Management with financial backing from George Soros.
Platinum Investment Management LTD, based in Sydney, Australia, is a hedge fund managing discretionary assets totaling $11,045,982,002 as of their Form ADV dated September 2023. Serving 25 clients, their latest 13F filing for Q1 2024 reported $2,480,583,263 in managed 13F securities, with a top 10 holdings concentration of 64.83%. Their largest holding is Zto Express (Cayman) Inc., with 17,428,610 shares.
