# EDGAR Filing Document

**Accession Number:** 0001652442
**File Stem:** 0002005403-25-000004
**Filing Date:** 2025-8
**Character Count:** 15273
**Document Hash:** 2106d27bb94bc2123f4e3ef1da74f03e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002005403-25-000004.hdr.sgml**: 20250805

**ACCESSION NUMBER**: 0002005403-25-000004

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250805

**DATE AS OF CHANGE**: 20250804

**EFFECTIVENESS DATE**: 20250805

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ANTIPODES PARTNERS Ltd
- **CENTRAL INDEX KEY:** 0001652442

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** C3
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17578
- **FILM NUMBER:** 251182429

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX R1313
- **CITY:** ROYAL EXCHANGE
- **STATE:** C3
- **ZIP:** 1225
- **BUSINESS PHONE:** 612 8970 7705

**MAIL ADDRESS:**
- **STREET 1:** PO BOX R1313
- **CITY:** ROYAL EXCHANGE
- **STATE:** C3
- **ZIP:** 1225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Pinnacle Investment Management Ltd
- **DATE OF NAME CHANGE:** 20150903

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** ANTIPODES PARTNERS Ltd<br>**Address:** PO BOX R1313<br>ROYAL EXCHANGE, C3 1225

**Form 13F File Number:** 028-17578

**CRD Number (if applicable):** 000299380

**SEC File Number (if applicable):** 801-120112

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Calvin Kwok<br>**Title:** Chief Legal Risk  Compliance Officer<br>**Phone:** 61289707718

**Signature, Place, and Date of Signing:**

Calvin Kwok  Sydney, C3  08-04-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 106

**Form 13F Information Table Value Total:** $3224241286

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| Abbott Laboratories | COM | 002824100 | BBG000B9ZXB4 | 100791 | 741 | SH |  | SOLE |  | 741 | 0 | 0 |
| American Coastal Insurance Cor | COM | 910710102 | BBG000TKFJQ7 | 244892 | 22021 | SH |  | SOLE |  | 22021 | 0 | 0 |
| Autodesk Inc | COM | 052769106 | BBG000BM7HL0 | 53250 | 172 | SH |  | SOLE |  | 172 | 0 | 0 |
| Ameren Corp | COM | 023608102 | BBG000B9X8C0 | 125630 | 1308 | SH |  | SOLE |  | 1308 | 0 | 0 |
| American Electric Power Co Inc | COM | 025537101 | BBG000BB9KF2 | 117409143 | 1131459 | SH |  | SOLE |  | 1131459 | 0 | 0 |
| Alcon AG | COM | H01301128 | BBG00NPWGYJ9 | 99583046 | 1129090 | SH |  | SOLE |  | 1129090 | 0 | 0 |
| Ally Financial Inc | COM | 02005N100 | BBG000BC2R71 | 136359669 | 3500623 | SH |  | SOLE |  | 3500623 | 0 | 0 |
| Alnylam Pharmaceuticals Inc | COM | 02043Q107 | BBG000BFGNJ5 | 40048212 | 122804 | SH |  | SOLE |  | 122804 | 0 | 0 |
| Advanced Micro Devices Inc | COM | 007903107 | BBG000BBQCY0 | 99739186 | 702830 | SH |  | SOLE |  | 702830 | 0 | 0 |
| Amazon.com Inc | COM | 023135106 | BBG000BVPV84 | 172087287 | 784330 | SH |  | SOLE |  | 784330 | 0 | 0 |
| Apogee Therapeutics Inc | COM | 03770N101 | BBG01H51WYQ5 | 25930 | 597 | SH |  | SOLE |  | 597 | 0 | 0 |
| Argenx SE | ADR | 04016X101 | BBG00GHB88X9 | 183019 | 332 | SH |  | SOLE |  | 332 | 0 | 0 |
| Array Technologies Inc | COM | 04271T100 | BBG001V4SF46 | 7423 | 1258 | SH |  | SOLE |  | 1258 | 0 | 0 |
| AutoZone Inc | COM | 053332102 | BBG000C7LMS8 | 831603 | 224 | SH |  | SOLE |  | 224 | 0 | 0 |
| Barrick Mining Corp | COM | 06849F108 | BBG000BB07P9 | 169302293 | 8131094 | SH |  | SOLE |  | 8131094 | 0 | 0 |
| Alibaba Group Holding Ltd | ADR | 01609W102 | BBG006G2JVL2 | 4947548 | 43622 | SH |  | SOLE |  | 43622 | 0 | 0 |
| Booz Allen Hamilton Holding Co | COM | 099502106 | BBG000R2YFG7 | 1708800 | 16409 | SH |  | SOLE |  | 16409 | 0 | 0 |
| Brookdale Senior Living Inc | COM | 112463104 | BBG000J4L211 | 98503855 | 14151773 | SH |  | SOLE |  | 14151773 | 0 | 0 |
| Bruker Corp | COM | 116794108 | BBG000CL1FG7 | 279687 | 6788 | SH |  | SOLE |  | 6788 | 0 | 0 |
| Century Aluminum Co | COM | 156431108 | BBG000BW1LS8 | 2759631 | 153131 | SH |  | SOLE |  | 153131 | 0 | 0 |
| Certara Inc | COM | 15687V109 | BBG00Y7BR4K3 | 77986 | 6665 | SH |  | SOLE |  | 6665 | 0 | 0 |
| Chime Financial Inc | COM | 16935C109 | BBG00QK4M9M3 | 172563 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| Capital One Financial Corp | COM | 14040H105 | BBG000BGKTF9 | 200246266 | 941112 | SH |  | SOLE |  | 941112 | 0 | 0 |
| Cencora Inc | COM | 03073E105 | BBG000MDCQC2 | 61174 | 204 | SH |  | SOLE |  | 204 | 0 | 0 |
| Core Scientific Inc | COM | 21874A106 | BBG01L5GH011 | 23746 | 1391 | SH |  | SOLE |  | 1391 | 0 | 0 |
| Salesforce Inc | COM | 79466L302 | BBG000BN2DC2 | 43882441 | 160912 | SH |  | SOLE |  | 160912 | 0 | 0 |
| Criteo SA | ADR | 226718104 | BBG005938P44 | 14576028 | 608302 | SH |  | SOLE |  | 608302 | 0 | 0 |
| Cemex SAB de CV | ADR | 151290889 | BBG000BPCTB2 | 41713730 | 6018838 | SH |  | SOLE |  | 6018838 | 0 | 0 |
| Dominion Energy Inc | COM | 25746U109 | BBG000BGVW60 | 115931 | 2051 | SH |  | SOLE |  | 2051 | 0 | 0 |
| Day One Biopharmaceuticals Inc | COM | 23954D109 | BBG00V1KSN04 | 19540 | 3006 | SH |  | SOLE |  | 3006 | 0 | 0 |
| Quest Diagnostics Inc | COM | 74834L100 | BBG000BN84F3 | 179644 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| Dexcom Inc | COM | 252131107 | BBG000QTF8K1 | 73678 | 844 | SH |  | SOLE |  | 844 | 0 | 0 |
| Brinker International Inc | COM | 109641100 | BBG000BK28N7 | 55724959 | 308993 | SH |  | SOLE |  | 308993 | 0 | 0 |
| Eldorado Gold Corp | COM | 284902509 | BBG000BN7277 | 60362335 | 2967440 | SH |  | SOLE |  | 2967440 | 0 | 0 |
| EQT Corp | COM | 26884L109 | BBG000BHZ5J9 | 55533041 | 952140 | SH |  | SOLE |  | 952140 | 0 | 0 |
| Establishment Labs Holdings In | COM | G31249108 | BBG00L8R3CR6 | 87477 | 2048 | SH |  | SOLE |  | 2048 | 0 | 0 |
| Exelon Corp | COM | 30161N101 | BBG000J6XT05 | 114681 | 2641 | SH |  | SOLE |  | 2641 | 0 | 0 |
| Fluence Energy Inc | COM | 34379V103 | BBG012QSDSK6 | 11327 | 1688 | SH |  | SOLE |  | 1688 | 0 | 0 |
| Flutter Entertainment PLC | COM | G3643J108 | BBG000N8GJR8 | 33449147 | 118251 | SH |  | SOLE |  | 118251 | 0 | 0 |
| Fomento Economico Mexicano SAB | ADR | 344419106 | BBG000BD33X2 | 95038842 | 922816 | SH |  | SOLE |  | 922816 | 0 | 0 |
| Global Business Travel Group I | COM | 37890B100 | BBG00Y52B8J5 | 202151 | 32085 | SH |  | SOLE |  | 32085 | 0 | 0 |
| VanEck Gold Miners ETF/USA | COM | 92189F106 | BBG000PLNQN7 | 3370674 | 64741 | SH |  | SOLE |  | 64741 | 0 | 0 |
| VanEck Junior Gold Miners ETF | COM | 92189F791 | BBG000PTYMS2 | 3951410 | 58457 | SH |  | SOLE |  | 58457 | 0 | 0 |
| General Electric Co | COM | 369604301 | BBG000BK6MB5 | 59462 | 231 | SH |  | SOLE |  | 231 | 0 | 0 |
| GE Vernova Inc | COM | 36828A101 | BBG013G17W31 | 18064972 | 34137 | SH |  | SOLE |  | 34137 | 0 | 0 |
| Globus Medical Inc | COM | 379577208 | BBG002V87SD0 | 107070 | 1814 | SH |  | SOLE |  | 1814 | 0 | 0 |
| Alphabet Inc | COM | 02079K305 | BBG009S39JX6 | 202358318 | 1148175 | SH |  | SOLE |  | 1148175 | 0 | 0 |
| Structure Therapeutics Inc | ADR | 86366E106 | BBG01CBVHLW1 | 60814 | 2932 | SH |  | SOLE |  | 2932 | 0 | 0 |
| HCA Healthcare Inc | COM | 40412C101 | BBG000QW7VC1 | 149979002 | 391458 | SH |  | SOLE |  | 391458 | 0 | 0 |
| HDFC Bank Ltd | ADR | 40415F101 | BBG000NWKS18 | 10152649 | 132410 | SH |  | SOLE |  | 132410 | 0 | 0 |
| Henry Schein Inc | COM | 806407102 | BBG000BNMMJ3 | 42811 | 586 | SH |  | SOLE |  | 586 | 0 | 0 |
| Humacyte Inc | COM | 44486Q103 | BBG00XPPT7S7 | 14995 | 7174 | SH |  | SOLE |  | 7174 | 0 | 0 |
| Immunome Inc | COM | 45257U108 | BBG00BR93ZG8 | 95435 | 10261 | SH |  | SOLE |  | 10261 | 0 | 0 |
| Ingersoll Rand Inc | COM | 45687V106 | BBG002R1CW27 | 26037 | 313 | SH |  | SOLE |  | 313 | 0 | 0 |
| iRhythm Technologies Inc | COM | 450056106 | BBG001J19V24 | 39263 | 255 | SH |  | SOLE |  | 255 | 0 | 0 |
| Janux Therapeutics Inc | COM | 47103J105 | BBG00ZHSKH11 | 24211 | 1048 | SH |  | SOLE |  | 1048 | 0 | 0 |
| Johnson Controls International | COM | G51502105 | BBG000BVWLJ6 | 134334807 | 1271772 | SH |  | SOLE |  | 1271772 | 0 | 0 |
| Johnson  Johnson | COM | 478160104 | BBG000BMHYD1 | 23224660 | 152032 | SH |  | SOLE |  | 152032 | 0 | 0 |
| Keysight Technologies Inc | COM | 49338L103 | BBG0059FN811 | 119288693 | 727936 | SH |  | SOLE |  | 727936 | 0 | 0 |
| Coca-Cola Co/The | COM | 191216100 | BBG000BMX289 | 11515583 | 162752 | SH |  | SOLE |  | 162752 | 0 | 0 |
| Lennar Corp | COM | 526057104 | BBG000BN5HF7 | 37610380 | 340001 | SH |  | SOLE |  | 340001 | 0 | 0 |
| Lightspeed Commerce Inc | COM | 53229C107 | BBG00B0JR9M0 | 13471624 | 1150227 | SH |  | SOLE |  | 1150227 | 0 | 0 |
| Lumen Technologies Inc | PUT | 550241103 | BBG01QTKT316 | 113 | 113 | SH |  | SOLE |  | 113 | 0 | 0 |
| Lumen Technologies Inc | COM | 550241103 | BBG000BGLRN3 | 49874 | 11386 | SH |  | SOLE |  | 11386 | 0 | 0 |
| LexinFintech Holdings Ltd | ADR | 528877103 | BBG00J7KGQN6 | 456536 | 63315 | SH |  | SOLE |  | 63315 | 0 | 0 |
| LyondellBasell Industries NV | COM | N53745100 | BBG000WCFV84 | 12129481 | 209619 | SH |  | SOLE |  | 209619 | 0 | 0 |
| 908 Devices Inc | COM | 65443P102 | BBG008N1BYQ9 | 46762 | 6558 | SH |  | SOLE |  | 6558 | 0 | 0 |
| Magnite Inc | COM | 55955D100 | BBG000PBDRC0 | 221004 | 9162 | SH |  | SOLE |  | 9162 | 0 | 0 |
| Merck  Co Inc | COM | 58933Y105 | BBG000BPD168 | 143627779 | 1814260 | SH |  | SOLE |  | 1814260 | 0 | 0 |
| Microsoft Corp | COM | 594918104 | BBG000BPH459 | 238752133 | 479954 | SH |  | SOLE |  | 479954 | 0 | 0 |
| Micron Technology Inc | COM | 595112103 | BBG000C5Z1S3 | 49740100 | 403540 | SH |  | SOLE |  | 403540 | 0 | 0 |
| MYR Group Inc | COM | 55405W104 | BBG000BC7VW9 | 127751 | 704 | SH |  | SOLE |  | 704 | 0 | 0 |
| Newmont Corp | COM | 651639106 | BBG000BPWXK1 | 23109543 | 396632 | SH |  | SOLE |  | 396632 | 0 | 0 |
| Nutrien Ltd | COM | 67077M108 | BBG00JM9XLN6 | 26808112 | 460269 | SH |  | SOLE |  | 460269 | 0 | 0 |
| Natera Inc | COM | 632307104 | BBG001J1BQ86 | 52882 | 313 | SH |  | SOLE |  | 313 | 0 | 0 |
| NU Holdings Ltd/Cayman Islands | COM | G6683N103 | BBG0136WM1M4 | 34778545 | 2534686 | SH |  | SOLE |  | 2534686 | 0 | 0 |
| Nuvalent Inc | COM | 670703107 | BBG00Z1SLMK5 | 36550 | 479 | SH |  | SOLE |  | 479 | 0 | 0 |
| Novocure Ltd | COM | G6674U108 | BBG009XW8PY2 | 19920 | 1119 | SH |  | SOLE |  | 1119 | 0 | 0 |
| ORIC Pharmaceuticals Inc | COM | 68622P109 | BBG00BL5SLH5 | 52723 | 5194 | SH |  | SOLE |  | 5194 | 0 | 0 |
| Otis Worldwide Corp | COM | 68902V107 | BBG00RP60KV0 | 7080668 | 71502 | SH |  | SOLE |  | 71502 | 0 | 0 |
| Occidental Petroleum Corp | COM | 674599105 | BBG000BQQ2S6 | 15103243 | 359488 | SH |  | SOLE |  | 359488 | 0 | 0 |
| Procore Technologies Inc | COM | 74275K108 | BBG0026ZJ304 | 13533208 | 197781 | SH |  | SOLE |  | 197781 | 0 | 0 |
| PDD Holdings Inc | ADR | 722304102 | BBG00LBLDDR2 | 12227628 | 116823 | SH |  | SOLE |  | 116823 | 0 | 0 |
| PulteGroup Inc | COM | 745867101 | BBG000BR54L0 | 15990116 | 151611 | SH |  | SOLE |  | 151611 | 0 | 0 |
| QUALCOMM Inc | COM | 747525103 | BBG000CGC1X8 | 1606419 | 10086 | SH |  | SOLE |  | 10086 | 0 | 0 |
| QIAGEN NV | COM | N72482206 | BBG000GTYWL7 | 123331 | 2566 | SH |  | SOLE |  | 2566 | 0 | 0 |
| Roku Inc | COM | 77543R102 | BBG001ZZPQJ6 | 630131 | 7169 | SH |  | SOLE |  | 7169 | 0 | 0 |
| Sabre Corp | COM | 78573M104 | BBG005WQVVH4 | 277643 | 87855 | SH |  | SOLE |  | 87855 | 0 | 0 |
| Schrodinger Inc/United States | COM | 80810D103 | BBG000T88BN2 | 25192 | 1252 | SH |  | SOLE |  | 1252 | 0 | 0 |
| SEMrush Holdings Inc | COM | 81686C104 | BBG00Z6S6258 | 3857540 | 426215 | SH |  | SOLE |  | 426215 | 0 | 0 |
| Sagimet Biosciences Inc | COM | 786700104 | BBG0020584Y9 | 41243 | 5412 | SH |  | SOLE |  | 5412 | 0 | 0 |
| SimilarWeb Ltd | COM | M84137104 | BBG010425VD1 | 137289 | 17510 | SH |  | SOLE |  | 17510 | 0 | 0 |
| ARS Pharmaceuticals Inc | COM | 82835W108 | BBG00FZQGXG3 | 38410 | 2201 | SH |  | SOLE |  | 2201 | 0 | 0 |
| Sociedad Quimica y Minera de C | ADR | 833635105 | BBG000BKK4S1 | 8148 | 231 | SH |  | SOLE |  | 231 | 0 | 0 |
| STERIS PLC | COM | G8473T100 | BBG00MRHG523 | 62462 | 260 | SH |  | SOLE |  | 260 | 0 | 0 |
| Suzano SA | ADR | 86959K105 | BBG000PLJG90 | 1930759 | 205166 | SH |  | SOLE |  | 205166 | 0 | 0 |
| AT Inc | COM | 00206R102 | BBG000BSJK37 | 9401355 | 324832 | SH |  | SOLE |  | 324832 | 0 | 0 |
| Taiwan Semiconductor Manufactu | ADR | 874039100 | BBG000BD8ZK0 | 17585119 | 77636 | SH |  | SOLE |  | 77636 | 0 | 0 |
| UBS Group AG | COM | H42097107 | BBG007936GV2 | 82048092 | 2432229 | SH |  | SOLE |  | 2432229 | 0 | 0 |
| Valaris Ltd | COM | G9460G101 | BBG010JW9K49 | 300394 | 7133 | SH |  | SOLE |  | 7133 | 0 | 0 |
| Vertex Pharmaceuticals Inc | COM | 92532F100 | BBG000C1S2X2 | 107301 | 241 | SH |  | SOLE |  | 241 | 0 | 0 |
| Ventas Inc | COM | 92276F100 | BBG000FRVHB9 | 97008390 | 1536041 | SH |  | SOLE |  | 1536041 | 0 | 0 |
| Waystar Holding Corp | COM | 946784105 | BBG01JRQSDB9 | 15287 | 374 | SH |  | SOLE |  | 374 | 0 | 0 |
| Workday Inc | COM | 98138H101 | BBG000VC0T95 | 78020112 | 325059 | SH |  | SOLE |  | 325059 | 0 | 0 |
| Westlake Corp | COM | 960413102 | BBG000PXZFW2 | 62507991 | 823169 | SH |  | SOLE |  | 823169 | 0 | 0 |
| Full Truck Alliance Co Ltd | ADR | 35969L108 | BBG01186DLS3 | 803555 | 68035 | SH |  | SOLE |  | 68035 | 0 | 0 |

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