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 |
|---|---|---|---|---|
Forager Australian Shares Fund Steve Johnson | “Mining and civil contractor Macmahon Holdings has been a strong performer as operational delivery and contract wins continued to compound. The business is larger and more diversified than it was just a few years ago. Earnings before interest and tax rose 17% in the first half results, while improved capital intensity led to return on capital employed climbing above 21%. Consistent performance and a favourable backdrop for mining contractors led investors to finally reappraise the whole sector and Macmahon's place in it. It has been a long wait, with the Fund's initial investment being made over 14 years ago. As the price continued to rise, and valuation expanded alongside improved attention, the Fund first reduced its investment and then exited completely.” | NEUTRAL | Q2 2026 Jul 15, 2026 | 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.
