Managers / Q1 2026
Packer & Co Ltd
CIK 0001664017 · UNIT 5, 89 FORREST STREET, COTTESLOE, C3, 6011 · 61893854744
Summary
Packer & Co Ltd reported $267M in U.S.-listed holdings across 10 positions for Q1 2026.
The portfolio is heavily concentrated: PBR/A alone accounts for 27.7% of reported value.
Compared with Q4 2025, the fund opened 1 new position and exited 1.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 63.2% · $169M
- ADR · 36.8% · $98M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| RIGTRANSOCEAN LTD | NEW | +1.41M | 1.41M | +$9M | $9M |
| SDRLSEADRILL LIMITED | ADDED | +366.0K | 613.1K | +$19M | $28M |
| IAUISHARES GOLD TRUST | SOLD OUT | −1.83M | 0 | −$149M | $0 |
| AQNALGONQUIN POWER & UTILITIES | TRIMMED | −4.22M | 289.6K | −$26M | $2M |
| NENOBLE CORP PLC | ADDED | +192.0K | 515.0K | +$16M | $25M |
| NXENEXGEN ENERGY LTD | TRIMMED | −600.0K | 2.42M | +$300,000 | $28M |
| PBR/APETROLEO BRASIL-SP PREF ADR | HELD | +0 | 3.95M | +$30M | $74M |
| CNCCENTENE CORP | HELD | +0 | 1.42M | −$12M | $46M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | PBR/APETROLEO BRASIL-SP PREF ADRhistory → | COM | 27.69% | $74M | 3.95M |
| 2 | CNCCENTENE CORPhistory → | COM | 17.32% | $46M | 1.42M |
| 3 | NXENEXGEN ENERGY LTDhistory → | COM | 10.52% | $28M | 2.42M |
| 4 | SDRLSEADRILL LIMITEDhistory → | COM | 10.43% | $28M | 613.1K |
| 5 | NENOBLE CORP PLChistory → | COM | 9.45% | $25M | 515.0K |
| 6 | VIPSVIPSHOP HOLDINGS LTD - ADRhistory → | COM | 9.11% | $24M | 1.55M |
| 7 | VALVALARIS LTDhistory → | COM | 7.44% | $20M | 203.0K |
| 8 | PYPLPAYPAL HOLDINGS INChistory → | COM | 3.89% | $10M | 230.0K |
| 9 | RIGTRANSOCEAN LTDhistory → | COM | 3.48% | $9M | 1.41M |
| 10 | AQNALGONQUIN POWER & UTILITIES | COM | 0.66% | $2M | 289.6K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $267M | 10 | May 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $376M | 10 | Jan 20, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $362M | 9 | Oct 28, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $329M | 10 | Apr 22, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $313M | 6 | Feb 11, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $295M | 3 | Nov 4, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $294M | 3 | Jul 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $286M | 3 | Apr 9, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $270M | 3 | Feb 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $259M | 3 | Oct 24, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $287M | 3 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $251M | 3 | Nov 7, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $235M | 2 | Jul 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $259M | 2 | Apr 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $219M | 2 | Oct 27, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $326M | 4 | Apr 6, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $300M | 4 | Jan 8, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $262M | 4 | Oct 6, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $163M | 4 | Jul 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $280M | 8 | May 5, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $1.1B | 24 | Jan 7, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $983M | 24 | Oct 9, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $1.0B | 24 | Jul 10, 2019 | RESTATEMENT | changes · EDGAR ↗ |
| Q1 2019 | $952M | 25 | May 2, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.