SEC 13F Intelligence

Managers / Q2 2025 · view latest →

Milestone Resources Group Ltd

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

Reported Value
$1.9B
Q2 2025
Positions
13
Filings on Record
31
2019–present window
Filed
Aug 8, 2025
original filing

Summary

Milestone Resources Group Ltd reported $1.9B in U.S.-listed holdings across 13 positions for Q2 2025.

The portfolio is heavily concentrated: MSFT alone accounts for 21.8% of reported value.

Compared with Q1 2025, the fund opened 1 new position and exited 9.

Portfolio Metrics

Turnover
+27.9%
vs prior filed quarter
Top-10 Concentration
+99.4%
share of reported value
Largest Position
+21.8%
Microsoft
New / Exited
1 / 9
positions this quarter

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: 83.5%ADR: 16.5%
  • Common Stock · 83.5% · $1.6B
  • ADR · 16.5% · $316M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HDBHDFC BANK LTDNEW+684.6K684.6K+$52M$52M
UNHUNITEDHEALTH GROUPSOLD OUT−225.1K0−$118M$0
TMOTHERMO FISHER SCIENTIFIC INCSOLD OUT−219.5K0−$109M$0
METAMETA PLATFORMS INCSOLD OUT−180.7K0−$104M$0
ZTSZOETIS INCSOLD OUT−608.8K0−$100M$0
CRMSALESFORCE COM INCSOLD OUT−324.5K0−$87M$0
VVISA INCSOLD OUT−7.8K0−$3M$0
TSLATESLA INCSOLD OUT−9.9K0−$3M$0

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

Holdings — Q2 2025

13 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM21.82%$418M840.2K
2AMZNAMAZON COM INChistory →COM16.75%$321M1.46M
3IBNICICI BANK LIMITEDhistory →ADR13.75%$263M7.83M
4SPGIS&P GLOBAL INChistory →COM12.07%$231M438.7K
5AVGOBROADCOM INChistory →COM10.64%$204M739.2K
6SHWSHERWIN WILLIAMS COhistory →COM7.09%$136M395.8K
7INTUINTUIThistory →COM7.08%$136M172.1K
8ABTABBOTT LABShistory →COM6.46%$124M909.3K
9HDBHDFC BANK LTDhistory →SPONSORED ADS2.74%$52M684.6K
10SNSHARKNINJA INChistory →COM SHS0.99%$19M191.2K
11ASMLASML HOLDING N Vhistory →N Y REGISTRY SHS0.59%$11M14.1K
12LRCXLAM RESEARCH CORPCOM NEW0.01%$281,0002.9K
13AMATAPPLIED MATLS INCCOM0.01%$244,0001.3K

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 ↗.