Indonesia’s stock exchange on Tuesday, March 3, 2026, began requiring public disclosure of shareholders holding at least 1 percent of a company’s stock, a significant reduction from the previous 5 percent threshold. The new rule has brought increased scrutiny to the holdings of prominent individual investors, including Andry Hakim, a well-known figure among retail investors in the country.
Data from the Central Custodian of Securities Indonesia (KSEI) reveals Hakim’s substantial holdings in several publicly listed companies. He currently owns 228 million shares of PT Cakra Buana Resources Energi Tbk (CBRE), representing a 5.02 percent stake. Based on CBRE’s current share price of Rp820, this investment is valued at approximately Rp186.8 billion.
While Hakim’s ownership in CBRE, a shipping company specializing in vessel rentals, was previously known due to exceeding the 5 percent disclosure requirement, the new regulations have revealed his positions in PT Royaltama Mulia Kontraktorindo Tbk (RMKO) and PT Satria Mega Kencana Tbk (SOTS). He holds 30 million shares in RMKO, a mining contractor, equivalent to a 2.4 percent stake, with a portfolio value of Rp21.75 billion.
Hakim has gained recognition for sharing investment strategies, particularly regarding backdoor listings and conglomerate stocks. In an October 2025 podcast with Ajaib Sekuritas, he discussed profits earned from these types of investments. He is frequently invited to speak at investment forums, sharing his insights with both novice and experienced investors.
CBRE operates a fleet of tugboats, barges, and a mother vessel, and recently acquired a large vessel from Hilong Shipping Holding for offshore work. Hakim’s investment in CBRE reflects his interest in the energy sector, while his stake in RMKO indicates a position in the mining industry. The broader implications of these increased disclosures under the new BEI rules remain to be seen, as market participants assess the concentration of ownership in Indonesian companies.
