Thesis Tracker

Today: Australian fund manager commentary on ASX companies, Saturday 7 November 2026

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CSL: 10 managers increased positions and 6 reduced them

10 / 25 / 8Latest recorded positions, past 12 months
Initiated

Centennial Asset Management initiated a position in CSL (ASX:CSL) as part of a shift toward defensive large caps. Matthew Kidman notes healthcare has regained favour globally, and CSL's earnings appear resilient after a reset. He views it as a mature business and a sensible defensive holding for now rather than a long-term compounder.

Exit

Ellerston Capital exited CSL (ASX:CSL) after a strong recovery, taking profits on a position that contributed 9% in October. Ellerston bought CSL when it was out of favour at $92.56 per share and about 10 times earnings. The stock has since risen 75% this financial year and more than doubled from its June lows. Ellerston cites CSL as an example of a contrarian investment that recovered after sentiment had been extremely bearish.

Ellerston Capital, Monthly Report, 31 Oct 2026
Read all 189 comments on CSL

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117Comments, 7 days
14Managers published, 7 days
21New positions, 30 days
29Exits, 30 days
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General information only. Thesis Tracker is a database of what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

12,594 comments from 170 managers on 778 companies, snapshot 6 Nov 2026.