VGI PARTNERS PTY Ltd

Hedge Fund • Long/Short

VGI PARTNERS PTY Ltd is a Long/Short Hedge Fund led by Brendan John O'Connor, managing $1.4B across 85 long positions as of Q3 2025 with 38% Basic Materials concentration and 69% concentrated in top 10 holdings.

CEOBrendan John O'Connor

Portfolio Value: $1.4B
Positions: 85
Top Holding: NEM at 13.46%
Last Reported: Q3 2025

AddressLevel 47, Gateway, 1 Macqaurie Place, Sydney, Nsw, 2000, Australia

Top Holdings

Largest long holdings in VGI PARTNERS PTY Ltd's portfolio (69.4% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Newmont NEM	Gold Basic Materials	$188.1M	13.46%	+$12.0M Bought	0.20% 2.2M shares	Q4 2023 Held for 1y 11m
2 Teck Resources TECK	Industrial Materials Basic Materials	$152.8M	10.94%	+$19.7M Bought	0.71% 3.5M shares	Q2 2023 Held for 2y 5m
3 Bank of America BAC	Banks - Diversified Financial Services	$104.1M	7.45%	—	0.03% 2.0M shares	Q4 2023 Held for 1y 11m
4 Wynn Resorts WYNN	Gambling, Resorts & Casinos Consumer Cyclical	$103.3M	7.40%	-$36.7M Sold	0.77% 805.6K shares	Q4 2023 Held for 1y 11m
5 Freeport-McMoRan Inc. FCX	Copper Basic Materials	$95.3M	6.82%	-$17.1M Sold	0.17% 2.4M shares	Q4 2023 Held for 1y 11m
6 Apollo Global Management APO	Asset Management - Global Financial Services	$84.6M	6.05%	+$20.7M Bought	0.11% 634.6K shares	Q4 2023 Held for 1y 11m
7 SNY Sanofi SNY	Unknown Unknown	$78.2M	5.60%	+$5.2M Bought	— 1.7M shares	Q4 2024 Held for 11 months
8 Wells Fargo & Company WFC	Banks - Diversified Financial Services	$60.3M	4.32%	—	0.02% 719.8K shares	Q4 2023 Held for 1y 11m
9 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$52.2M	3.73%	-$7.8M Sold	0.00% 214.3K shares	Q1 2024 Held for 1y 8m
10 Royalty Pharma RPRX	Biotechnology Healthcare	$50.6M	3.62%	+$3.2M Bought	0.33% 1.4M shares	Q1 2024 Held for 1y 8m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in VGI PARTNERS PTY Ltd's latest filing

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Market Value

$1.4B

Prior: $1.2B

Q/Q Change

+18.12%

+$214.4M

Net Flows % of MV

+2.59%

Turnover Ratio

14.68%

New Purchases

33 stocks

$83.6M

Added To

23 stocks

+$136.9M

Sold Out Of

30 stocks

$25.2M

Reduced Holdings

16 stocks

-$159.0M

Increased Positions

Position	Shares Δ	Change
1 Union Pacific UNP	New	0 → 116.9K +$27.6M
2 Inspire Medical Systems INSP	New	0 → 101.7K +$7.5M
3 Occidental Petroleum OXY	New	0 → 140.0K +$6.6M
4 Salesforce CRM	New	0 → 27.4K +$6.5M
5 CleanCore Solutions ZONE	New	0 → 3.0M +$6.1M

Decreased Positions

Position	Shares Δ	Change
1 Vale S.A. VALE	Sold	391.9K → 0 −$3.8M
2 The Hartford Financial Services Group HIG	Sold	26.2K → 0 −$3.3M
3 Steel Dynamics STLD	Sold	24.7K → 0 −$3.2M
4 VZLA Vizsla Silver VZLA	Sold	770.0K → 0 −$2.3M
5 BEKE KE Holdings BEKE	Sold	122.9K → 0 −$2.2M

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Analytics

Portfolio insights and performance metrics for VGI PARTNERS PTY Ltd

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Sector Allocation

Basic Materials

38.00%

Financial Services

23.60%

Consumer Cyclical

9.20%

Communication Services

7.60%

Healthcare

5.70%

Industrials

4.30%

Energy

3.40%

Technology

1.50%

Real Estate

0.30%

ETF

0.20%

Market Cap Distribution

Mega Cap (> $200B)

18.06%

Large Cap ($10B - $200B)

69.56%

Mid Cap ($2B - $10B)

4.86%

Small Cap ($300M - $2B)

0.46%

Micro Cap ($50M - $300M)

0.37%

Nano Cap (< $50M)

0.43%

N/A (ETF or Unknown)

6.26%

Portfolio Concentration

Top 10 Holdings %

69.4%

Top 20 Holdings %

89.58%

Top 50 Holdings %

98.77%

Top 100 Holdings %

100.0%