Regal Partners Portfolio holdings
Regal Partners is an alternative investment manager listed on the Australian stock exchange, formed in 2022 when the hedge fund firms Regal Funds Management and VGI Partners merged. Its strategies cover hedge funds, credit and royalties, growth equity, and specialised property and natural capital assets. The firm was called VGI Partners until 2022; VGI Partners was founded in 2008, while Regal Funds Management dates from 2004. Since the merger Regal Partners has bought PM Capital in 2023 and Merricks Capital in 2024, and has taken part-ownership of firms including Taurus Funds Management and Ark Capital Partners.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charles Schwab
SCHW
|
+$88.3M |
| 2 |
Walt Disney
DIS
|
+$57M |
| 3 |
Visa
V
|
+$29.5M |
| 4 |
SharonAI Holdings
SHAZ
|
+$18.8M |
| 5 |
Apollo Global Management
APO
|
+$16.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teck Resources
TECK
|
+$49.5M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$45.9M |
| 3 |
Freeport-McMoran
FCX
|
+$45.1M |
| 4 |
Nucor
NUE
|
+$25.2M |
| 5 |
Amazon
AMZN
|
+$20.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 34.68% |
| 2 | Materials | 28.78% |
| 3 | Healthcare | 14.73% |
| 4 | Technology | 5.37% |
| 5 | Communication Services | 4.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Newmont
NEM
$118B
| $181M | 9.98% |
1,934,538
-5,710
| -0.3% | -$622K |
2023 Q4
10 quarters
|
|
|
2
Apollo Global Management
APO
$67B
| $166M | 9.17% |
1,403,295
+133,606
| +11% | +$16.8M |
2023 Q4
10 quarters
|
|
3
Bank of America
BAC
$352B
| $150M | 8.28% |
2,630,869
| – | – |
2023 Q4
10 quarters
|
|
4
Royalty Pharma
RPRX
$28.9B
| $137M | 7.58% |
2,447,879
-176,593
| -7% | -$9.19M |
2024 Q1
9 quarters
|
|
|
5
Charles Schwab
SCHW
$153B
| $122M | 6.74% |
1,323,509
+967,985
| +272% | +$88.3M |
2026 Q1
1 quarter
|
|
6
Sanofi
SNY
$101B
| $113M | 6.25% |
2,653,974
+108,542
| +4% | +$4.85M |
2024 Q4
6 quarters
|
|
|
7
Freeport-McMoran
FCX
$95.6B
| $109M | 6.02% |
1,733,434
-701,948
| -29% | -$45.1M |
2023 Q4
10 quarters
|
|
|
8
Teck Resources
TECK
$30.9B
| $101M | 5.58% |
1,701,036
-811,834
| -32% | -$49.5M |
2023 Q2
12 quarters
|
|
9
Wynn Resorts
WYNN
$7.35B
| $87.2M | 4.81% |
897,646
| – | – |
2023 Q4
10 quarters
|
|
|
10
Walt Disney
DIS
$188B
| $76M | 4.2% |
789,542
+559,242
| +243% | +$57M |
2026 Q1
1 quarter
|
|
11
Union Pacific
UNP
$177B
| $74.4M | 4.1% |
273,350
+751
| +0.3% | +$197K |
2025 Q3
3 quarters
|
|
12
Wells Fargo
WFC
$251B
| $68.7M | 3.79% |
831,402
+167,830
| +25% | +$13.5M |
2023 Q4
10 quarters
|
|
13
Truist Financial
TFC
$59.2B
| $59.5M | 3.29% |
1,194,516
| – | – |
2023 Q4
10 quarters
|
|
|
14
SharonAI Holdings
SHAZ
$1.02B
| $45.3M | 2.5% |
534,963
+332,548
| +164% | +$18.8M |
2026 Q1
1 quarter
|
|
|
15
Visa
V
$749B
| $31.6M | 1.74% |
+92,000
| New | +$29.5M |
2026 Q2
0 quarters
|
|
16
Hudbay
HBM
$10.5B
| $21.3M | 1.18% |
904,055
+175,227
| +24% | +$4.43M |
2024 Q2
8 quarters
|
|
17
Gold Royalty Corp
GROY
$672M
| $15.8M | 0.87% |
5,712,223
| – | – |
2024 Q1
9 quarters
|
|
18
B2Gold
BTG
$6.76B
| $14.8M | 0.82% |
3,953,132
+725,484
| +22% | +$3.33M |
2025 Q4
2 quarters
|
|
19
HCA Healthcare
HCA
$100B
| $12.5M | 0.69% |
+32,129
| New | +$13.6M |
2026 Q2
0 quarters
|
|
20
Alcoa
AA
$10.6B
| $11.1M | 0.61% |
211,985
-144,345
| -41% | -$9.7M |
2024 Q2
8 quarters
|
|
21
Tradeweb Markets
TW
$25.3B
| $10.9M | 0.6% |
109,205
+2,841
| +3% | +$308K |
2024 Q4
6 quarters
|
|
22
Cameco
CCJ
$36.5B
| $10.1M | 0.56% |
99,506
-177,694
| -64% | -$19.9M |
2025 Q1
5 quarters
|
|
23
Kinross Gold
KGC
$27.3B
| $9.7M | 0.53% |
409,169
-395,862
| -49% | -$11.6M |
2025 Q2
4 quarters
|
|
24
Albemarle
ALB
$11.4B
| $9.6M | 0.53% |
70,814
+23,396
| +49% | +$4.13M |
2025 Q4
2 quarters
|
|
25
MP Materials
MP
$7.31B
| $9.4M | 0.52% |
167,836
+144,020
| +605% | +$8.76M |
2026 Q1
1 quarter
|
|
Similar funds
Regal Partners's Q2 2026 Portfolio in Review
As of Q2 2026, Regal Partners held 158 positions worth $1.81B, down 1.5% from $1.84B the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Regal Partners withdrew a net $97.8M in Q2 2026, closing 36 positions and reducing 26 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $45.9M position sold in full.
By sector, the portfolio is most concentrated in Financials at 35% of assets, up from 24% a quarter earlier, followed by Materials and Healthcare.
Against the trend, Regal Partners opened a new position in Visa worth $31.6M.
- Regal Partners's largest Q2 2026 buy was Visa: 92,000 shares worth $31.6M.
- Regal Partners added most to Charles Schwab in Q2 2026, an estimated $88.3M increase.
- Regal Partners's biggest Q2 2026 reduction was Teck Resources, cutting an estimated $49.5M.
- Regal Partners fully exited Alphabet (Google) Class C in Q2 2026, selling an estimated $45.9M.
- Regal Partners's ten largest holdings make up 69% of its $1.81B portfolio in Q2 2026.
- Regal Partners opened 52 new positions and closed 36 in Q2 2026.
- Regal Partners's portfolio value fell 1.5% quarter-over-quarter to $1.81B.
Based on Regal Partners's 13F filing for Q2 2026, filed 14 Aug 2026.