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Aristocrat Leisure (ASX:ALL), the global gaming machine and mobile games company, is highly regarded by fund managers as one of Australia's few true global champions. In October 2026, Blackwattle Investment Partners chose Aristocrat as a top pick, noting few Australian companies have expanded overseas and dominated competitors as Aristocrat has in the US. Blackwattle and Perennial both trimmed after strong performance, while Centennial added it as a new holding. Pendal noted it cannot hold the stock in its sustainable fund. Aristocrat operates in the Consumer Discretionary sector within the Hotels, Restaurants and Leisure industry, and Thesis Tracker has captured 65 comments from 28 fund managers, including Blackwattle, Perennial, Centennial and Pendal Group. Founded in 1953 and headquartered in Sydney, Aristocrat designs and supplies land-based gaming machines and systems through Aristocrat Gaming, develops online real-money games through Anaxi and publishes mobile games through Product Madness.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Ten Cap, Blackwattle Investment Partners, Oracle Advisory Group, Equity Trustees Asset Management, Airlie Funds Management, Kardinia Capital, Selector Funds Management, Clime Investment Management, Alliance Bernstein, Sterling Managed Investments, Solaris Investment Management, Pendal Group, Pengana Capital Group, TMS Capital, Lazard Asset Management, Paradice Investment Management, Ellerston Capital, Sage Capital, Quest Asset Partners, First Sentier Investors, Wilson Asset Management, Perennial Partners, DS Capital, Australian Eagle Asset Management, Vinva Investment Management, Antares Capital, Vertium Asset Management and Centennial Asset Management have invested in Aristocrat Leisure Ltd (ASX:ALL).
Blackwattle highlights Aristocrat's success in dominating US land-based gaming against global competitors, while Centennial added it as a new exposure, and managers point to strong share price performance driven by continued earnings delivery.
Blackwattle and Perennial trimmed after a strong rally, suggesting valuation is less compelling, and Pendal notes gaming exclusions in sustainable funds limit the investor base. Litigation over game intellectual property is also a consideration.
Aristocrat Leisure Ltd. is a global technology-based entertainment and gaming content provider founded in 1953, headquartered in Sydney, Australia. The company operates through three segments: Aristocrat Gaming (land-based electronic gaming machines and casino management systems), Pixel United (free-to-play mobile games), and Aristocrat Interactive (online real-money gaming). Aristocrat delivers diverse gaming products and services to a global customer base by leveraging proprietary technology and content creation expertise.
General information only. Thesis Tracker reports 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.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.