SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Milestone Resources Group Ltd

CIK 0001708139 · LEVEL 1 PALM GROVE HOUSE, WICKHAM'S CAY 1, ROAD TOWN TORTOLA · 0097145174479

Reported Value
$1.6B
Q4 2022
Positions
25
Filings on Record
31
2019–present window
Filed
Feb 3, 2023
original filing

Summary

Milestone Resources Group Ltd reported $1.6B in U.S.-listed holdings across 25 positions for Q4 2022.

Its largest position, IBN, represents 8.5% of the portfolio.

The book was largely unchanged from Q3 2022.

Portfolio Metrics

Turnover
+3.2%
vs prior filed quarter
Top-10 Concentration
+67.1%
share of reported value
Largest Position
+8.5%
Icici Bank Limited

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

13F Reported Value
Q1 ’19: $10MQ1 ’19Q2 ’19: $0Q3 ’19: $0Q4 ’19: $834MQ1 ’20: $751MQ1 ’20Q2 ’20: $73MQ3 ’20: $345MQ4 ’20: $1.1BQ1 ’21: $1.3BQ1 ’21Q2 ’21: $1.8BQ3 ’21: $2.2BQ4 ’21: $2.4BQ1 ’22: $2.1BQ1 ’22Q2 ’22: $1.7BQ3 ’22: $1.6BQ4 ’22: $1.6BQ1 ’23: $1.8BQ1 ’23Q2 ’23: $2.0BQ3 ’23: $2.0BQ4 ’23: $2.4BQ1 ’24: $2.8BQ1 ’24Q2 ’24: $2.9BQ3 ’24: $2.9BQ4 ’24: $3.0BQ1 ’25: $1.9BQ1 ’25Q2 ’25: $1.9BQ3 ’25: $2.0BQ4 ’25: $2.0BQ1 ’26: $1.6BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 91.5%ADR: 8.5%
  • Common Stock · 91.5% · $1.5B
  • ADR · 8.5% · $140M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AMZNAMAZON COM INCHELD+0767.9K−$22M$65M
NVDANVIDIA CORPORATIONHELD+0566.0K+$14M$83M
SHWSHERWIN WILLIAMS COHELD+0397.3K+$13M$94M
ADBEADOBE SYSTEMS INCORPORATEDHELD+0197.1K+$12M$66M
ABTABBOTT LABSHELD+0896.7K+$12M$98M
MAMASTERCARD INCORPORATEDHELD+0181.4K+$12M$63M
GOOGLALPHABET INCHELD+01.33M−$10M$117M
TMOTHERMO FISHER SCIENTIFIC INCHELD+0214.7K+$9M$118M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2022

25 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IBNICICI BANK LIMITEDhistory →ADR8.53%$140M6.39M
2MSFTMICROSOFT CORPhistory →COM8.18%$134M560.0K
3TMOTHERMO FISHER SCIENTIFIC INChistory →COM7.20%$118M214.7K
4GOOGLALPHABET INChistory →CAP STK CL A7.15%$117M1.33M
5UNHUNITEDHEALTH GROUPhistory →COM7.11%$117M220.2K
6ACNACCENTURE PLC IRELANDhistory →SHS CLASS A6.81%$112M418.7K
7ABTABBOTT LABShistory →COM6.00%$98M896.7K
8SHWSHERWIN WILLIAMS COhistory →COM5.74%$94M397.3K
9ZTSZOETIS INChistory →CL A5.31%$87M594.6K
10NVDANVIDIA CORPORATIONhistory →COM5.04%$83M566.0K
11SPGIS&P GLOBAL INChistory →COM5.00%$82M245.1K
12ADBEADOBE SYSTEMS INCORPORATEDhistory →COM4.04%$66M197.1K
13AMZNAMAZON COM INChistory →COM3.93%$65M767.9K
14VVISA INChistory →COM CL A3.91%$64M309.1K
15MAMASTERCARD INCORPORATEDhistory →CL A3.84%$63M181.4K
16INTUINTUIThistory →COM3.79%$62M159.6K
17METAMETA PLATFORMS INChistory →CL A2.81%$46M383.9K
18CRMSALESFORCE COM INChistory →COM2.62%$43M324.8K
19PYPLPAYPAL HLDGS INChistory →COM1.52%$25M351.4K
20MTCHMATCH GROUP INC NEWhistory →COM1.10%$18M433.7K
21SNAPSNAP INCCL A0.36%$6M651.5K
22AAPLAPPLE INCCOM0.00%$54,000416
23BABOEING COCOM0.00%$24,000128
24TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.00%$18,000247
25TSLATESLA INCCOM0.00%$14,000117

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.6B9May 7, 202613F-HRchanges · EDGAR ↗
Q4 2025$2.0B10Feb 6, 202613F-HRchanges · EDGAR ↗
Q3 2025$2.0B10Nov 4, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.9B13Aug 8, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.9B21May 9, 202513F-HRchanges · EDGAR ↗
Q4 2024$3.0B26Feb 11, 202513F-HRchanges · EDGAR ↗
Q3 2024$2.9B28Dec 9, 2024RESTATEMENTchanges · EDGAR ↗
Q2 2024$2.9B26Aug 2, 202413F-HRchanges · EDGAR ↗
Q1 2024$2.8B27May 8, 202413F-HRchanges · EDGAR ↗
Q4 2023$2.4B23Feb 2, 202413F-HRchanges · EDGAR ↗
Q3 2023$2.0B23Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.0B22Aug 3, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.8B22Apr 14, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.6B25Feb 3, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.6B25Oct 21, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.7B25Aug 8, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.1B25Apr 26, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.4B26Jan 26, 202213F-HRchanges · EDGAR ↗
Q3 2021$2.2B26Oct 26, 2021RESTATEMENTchanges · EDGAR ↗
Q2 2021$1.8B28Aug 2, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.3B24Apr 30, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.1B23Feb 1, 202113F-HRchanges · EDGAR ↗
Q3 2020$345M19Oct 9, 202013F-HRchanges · EDGAR ↗
Q2 2020$73M12Aug 10, 202013F-HRchanges · EDGAR ↗
Q1 2020$751M12May 5, 202013F-HRchanges · EDGAR ↗
Q4 2019$834M10Jan 24, 202013F-HRchanges · EDGAR ↗
Q3 2019$01Oct 8, 201913F-HRchanges · EDGAR ↗
Q2 2019$01Aug 9, 201913F-HRchanges · EDGAR ↗
Q1 2019$10M1May 2, 201913F-HRchanges · 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 ↗.