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Forager Australian Shares Fund's investment thesis on Bravura Solutions Limited ($BVS.AX) — Q2 2026 | Buyside Digest

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$BVS.AXNASDAQBravura Solutions Limited

NEUTRAL

Forager Australian Shares Fund—BVS.AX

Fund Letter

Q2 2026

Published July 15, 2026

View Fund Profile

$2.83USD

-10.7% vs last month

$2.61Pitched

+8.4% since pitch

Market Cap$1.3B

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Technical Chart

From the Fund Letter

The Forager Australian Shares Fund fell 10.8% in FY2026 as the AI bubble inflated and the fund maintained discipline by avoiding overvalued technology stocks. The manager argues...

— Steve Johnson

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Ganes Focused Value FundBULL

Pitched Apr 14, 2026

Bravura Solutions shares fell over 20% despite reporting profit growth and paying a special dividend, caused by broad market anxieties over AI-driven software commoditization. The manager argues...

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