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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q1 | Apr 9, 2025 | Sandon Capital | - | - | COG.AX, CYG.AX, FWD.AX, GDC.AX, WLD.AX | Activist, Australia, Governance, small caps, value | The fund takes active roles in proposing changes in corporate governance, capital management, strategic and operational issues, and management arrangements. Recent examples include board changes at COG Financial Services and leadership transitions at Coventry Group. | View | |
| 2024 Q1 | Apr 15, 2024 | Sandon Capital | 0.0% | 0.0% | A2B.AX, BCI.AX, CAF.AX, COG.AX, CYG.AX, FWD.AX, GDC.AX, MFG.AX, MWY.AX | Activist, Australia, Data centers, Mining, SmallCap, value | Fund focuses on companies trading below intrinsic value with activist potential. Multiple holdings show strong asset backing relative to market prices, including MWY with net tangible assets of $1.64 per share versus current trading levels. | MWY.AX BCI.AX MFG.AX A2B.AX CYG.AX GDC.AX FWD.AX COG.AX |
View |
| 2023 Q3 | Oct 31, 2023 | Sandon Capital | 0.0% | 0.0% | A2B.AX, BCI.AX, COG.AX, CUP.AX, CYG.AX, DVR.AX, FWD.AX, GDC.AX, MFG.AX | Activist, Australia, Governance, small caps, turnaround, value | Fund actively engages with portfolio companies to drive strategic changes, particularly evident with Magellan Financial Group where they advocate for strategic review, capital management, and CEO change. They push for return of non-operating assets to shareholders rather than acquisitions. | BCI.AX COG.AX CYG.AX MFG.AX FWD.AX |
View |
| 2024 Q2 | Oct 7, 2022 | Sandon Capital | 0.0% | 0.0% | CCX.AX, COG.AX, CYG.AX, FWD.AX, GDC.AX, IDT.AX, MFG.AX, MWY.AX | Activist, Australia, Data centers, small caps, value | Global Data Centre Group announced completion of Perth data centre sale and issued notice for extraordinary meeting to consider sale of European data centre business Etix Everywhere, plus on-market unit buy-back. | View | |
| 2024 Q3 | Sep 30, 2024 | Sandon Capital | 0.0% | 0.0% | BCI.AX, COG.AX, CYG.AX, FWD.AX, GDC.AX, IDT.AX, KAR.AX, MFG.AX, MWY.AX | Activist, Australia, dividends, energy, Mining, SmallCap, undervalued, value | The fund focuses on buying mispriced or undervalued assets where the status quo is not working. Their investment approach seeks to change the status quo through board-level changes and activist techniques to preserve or enhance value. | View | |
| 2024 Q4 | Feb 13, 2025 | Harvest Lane Asset Management | 3.9% | 17.6% | AND.AX, AVJ.AX, BFG.AX, CE1.AX, GDC.AX, NAM.AX, ORR.AX, PBP.AX, PRU.AX, PSQ.AX, QHL.AX, SGF.AX, SVM.TO, SVW.AX, SWF.AX, TIE.AX | Absolute return, arbitrage, Australia, Corporate Events, M&A, takeovers | The fund participated in multiple merger arbitrage opportunities throughout 2024, including Perseus's takeover of Orecorp, Probiotec's scheme with Pyridam, and the contested battle for Namoi Cotton between Olam Agri and Louis Dreyfus Company. The manager emphasizes the importance of competitive auctions and diligent screening processes for deal breaks aversion and capital preservation. | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 13, 2026 | Fund Letters | Sandon Capital | Global Data Centres | Real Estate | Specialized REITs | Bull | ASX | AirTrunk, asset sales, data centers, discount to NAV, Etix Everywhere, net tangible assets, Value Realization | View Pitch |
| Manager Name | Fund Name | Fund AUM | Invested Value | Portfolio Weight | Shares Owned | Shares Bought / Sold During Quarter | % Bought / Sold During Quarter | % of Shares Outstanding Owned |
|---|---|---|---|---|---|---|---|---|
| No investor data available. | ||||||||