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Carlton Investments Ltd Fully Paid Ord. Shrs ASX:CIN

0 opened or increased1 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 2 managers in total.

Position history by manager 2 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

2026

31 May 2025 to today

Commentary Showing 2 of 4

DateManagerActionSummary

7 Sep 2026Wilson Asset ManagementHeldWilson Asset Management continues to hold Carlton Investments because the long-established listed investment company, focused on high-quality Australian equities for long-term income and capital growth, delivered strong net tangible asset growth during the month. The fund manager notes that Carlton's NTA rose 4.5%, adjusted for a 73 cents per share dividend, driven primarily by its largest portfolio holding, EVT, which represented approximately 33% of the portfolio as at 30 June 2026 and rose 18.2% during the month. Wilson Asset Management observes that Carlton's dividend-adjusted share price increased 8.0% as its discount to NTA narrowed to 25.5%, and believes this discount remains significant relative to underlying asset quality, providing scope for further appreciation.

Monthly Report, price recorded $35.31

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28 Feb 2026Wilson Asset ManagementHeldThe fund manager continues to hold Carlton Investments, a listed investment company established in 1928 that takes a long-term holding approach to ASX-listed entities offering sustainable income and capital growth. During February, Carlton's pre-tax NTA rose 6.7% adjusted for the 47 cents per share dividend, outperforming the S&P/ASX All Ordinaries Accumulation Index by 3.4%, and its share price climbed 8.3% adjusted for the dividend, narrowing the discount to NTA from 22.9% to 22.0%. The fund manager notes that despite the narrowing, the discount remains attractive and aligned with the WAM Strategic Value investment process.

Monthly Report, price recorded $37.00

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 2 managers first commented on CIN.

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About Carlton Investments Ltd Fully Paid Ord. Shrs

Industrials, Capital Markets

Carlton Investments (ASX:CIN), one of Australia's oldest listed investment companies, is held by Wilson Asset Management's discount-focused strategy. In September 2026, Wilson described Carlton as a long-established LIC focused on acquiring and holding high-quality Australian equities to generate long-term income and capital growth, noting its net tangible assets rose and it was a significant contributor. In February 2026, Wilson noted Carlton was established in 1928 to acquire and hold ASX-listed shares. Carlton Investments operates in the Financials sector within the Capital Markets industry, and Thesis Tracker has captured 3 comments from 2 fund managers, including Wilson Asset Management. Founded in 1928 by Norman Rydge and headquartered in Sydney, Carlton Investments holds a long-term portfolio of Australian blue-chip shares, with a large stake in EVT Ltd and holdings in banks and resources companies, and pays fully franked dividends, trading at a discount to its net tangible assets that WAM Strategic Value seeks to capture.

Market cap: $909m
Price to earnings: 24.6x
Return on equity: 4.0%
Dividend yield: 3.3%
Price to book: 1.01x
Net margin: 93.3%
52-week range: $32.70 to $37.88

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Carlton Investments Ltd Fully Paid Ord. Shrs (ASX:CIN)?

Fund managers including Wilson Asset Management and Cromwell Funds Management have invested in Carlton Investments Ltd Fully Paid Ord. Shrs (ASX:CIN).

What opportunities or catalysts do fund managers highlight for Carlton Investments Ltd Fully Paid Ord. Shrs?

Wilson highlights rising net tangible assets, a long-term portfolio including a major EVT holding and the opportunity for the discount to net tangible assets to narrow.

What are the key risks to the Carlton Investments Ltd Fully Paid Ord. Shrs investment thesis, according to fund managers?

The available commentary does not set out specific risks, though Carlton's discount to net tangible assets may persist and its portfolio is concentrated in EVT.

What does Carlton Investments Ltd Fully Paid Ord. Shrs (ASX:CIN) do?

Carlton Investments Ltd. is an Australian holding company, founded in 1928 by Norman Rydge and headquartered in Sydney. The company specializes in the long-term acquisition and management of shares and units in entities listed on the Australian Securities Exchange (ASX). Established to provide sustained value through strategic investment, Carlton Investments maintains a focused portfolio of ASX-listed securities. Investors utilize its historical performance and investment strategy to assess the company's position within the Australian financial market.

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.

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