Institutional ticker directory tracking stock mentions, long/short ideas, and high-conviction pitches extracted from quarterly hedge fund letters.
| Ticker | Company | Sector | Industry | Pitches | Stance |
|---|---|---|---|---|---|
| Fund / Manager | Thesis Excerpt | Stance | Period / Date | Action |
|---|---|---|---|---|
Ganes Focused Value Fund Ganes Capital Management Limited | “Eagers held their AGM during the quarter and for a company that is more than 110 years old there was still plenty to take in. Perhaps the most important being that the CanadaOne investment has finalised which will add a new dimension to the business. The company also announced it has finally been able to add an interest in a Toyota dealership on the Gold Coast to its national network through a 49% stake in Grand Motors, along with two Audi dealerships in Melbourne that will add another $630m in revenue per annum. Not previously having had a presence on the Gold Coast this is a strong addition to the dealership network. Despite economic conditions that have seen other auto dealers deliver profit downgrades in recent months, Eagers reported that sales to the end of April were up 5% on the previous year and that the company should report profits either in line with last year, or slightly ahead of it. And it will be a record result including the CanadaOne results. During the AGM presentation the CEO highlighted that revenue per employee has risen from $909,000 to $1,480,000 per employee over the past five years, a figure far above other market participants. Eagers now account for 1 in every 7 new cars sold in Australia and 1 in every 3 electric vehicles sold in Australia through its BYD dealerships. It was only two years ago that BYD was seen as a negative part of the business and led to a profit downgrade, but that is no longer the case. BYD is now one of the reasons Eagers are doing so well as their sales volumes have more than doubled in just the past year alone and they now have an 8.6% market share of all new vehicle sales in Australia, second only to Toyota. The Eagers share price is down more than 40% from its highs late last year, but it has still been one of our best contributors to fund performance for the financial year and at current prices remains inexpensive when viewed through the prism of the growth opportunities ahead.” | BULL | Q2 2026 Jul 17, 2026 | View Pitch |
Ganes Focused Value Fund Ganes Capital Management Limited | “Purchased following a profit warning last year, Eagers Automotive has surged 65% and become a significant contributor to the fund. The business is showing strong sales momentum, particularly through a thriving BYD joint venture in Australia, although overseas acquisition plans warrant careful monitoring.” | BULL | Q2 2025 Jun 30, 2025 | View Pitch |
Each excerpt above is the manager's commentary on this ticker specifically. The full letter has the rest of their portfolio thinking, risk discussion, and broader institutional context.
