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Dxn Ltd ASX:DXN

0 opened or increased1 held0 reduced or exitedlatest position by manager, past 12 months90 days: 1 increased, 0 reduced. 1 managers in total.

Position history by manager 1 managersSelect a point to see the comment

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

20 Apr 2026 to today

Commentary Showing 2 of 4

DateManagerActionSummary

30 Sep 2026Wilson Asset ManagementHeldWilson Asset Management continues to hold DXN (ASX:DXN) in WAM Active after its share price rose 53% in September 2026 as investors continued to respond to its FY2026 result, which showed a record order backlog and growing demand for AI-related data centre infrastructure. Wilson Asset Management notes DXN is a modular data centre manufacturer and operator scaled across the Asia-Pacific region. Wilson Asset Management remains positive given DXN's exposure to the expanding AI data centre sector, supported by strong contract momentum and pipeline opportunities in Australia and Asia, where speed to market is increasingly critical. The company is rapidly expanding capacity, with delivery underway across multiple customers.

AI InfrastructureMonthly Report, price recorded $0.55

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23 Sep 2026Wilson Asset ManagementIncreasedWilson Asset Management increased their position in DXN, with portfolio manager Shaun Weick having originally bought the stock at 8 cents and steadily adding since, with the shares now around 44 cents. The micro-cap is held across WAM's micro cap fund, WAM Active and WAM Capital. Wilson Asset Management believes DXN could be a multi-bagger and ranks among the best micro-cap opportunities on the ASX. The company has engineered a modular solution that accelerates the rollout of AI factory capacity and has won multiple initial contracts. If delivered successfully in coming months, WAM believes these could unlock gigawatt-scale projects representing a multi-billion dollar revenue opportunity.

Article, price recorded $0.44

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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 1 managers first commented on DXN.

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About Dxn Ltd

Industrials, IT Services

DXN (ASX:DXN), a prefabricated data centre manufacturer, has surged on demand for AI infrastructure. In September 2026, Wilson Asset Management said DXN, a prefabricated data centre manufacturer and operator scaled across the Asia-Pacific region, has seen strong share price gains, noting portfolio manager Shaun Weick originally bought at eight cents and has steadily added. In June, Wilson highlighted DXN benefiting from accelerating investment in data centres, electrical infrastructure and grid expansion. DXN operates in the Information Technology sector within the IT Services industry, and Thesis Tracker has captured 1 comment from 1 fund manager, Wilson Asset Management. DXN is a vertically integrated manufacturer and operator of modular data centres, with segments covering modular manufacturing, data centre operations and digital infrastructure services, serving telecommunications, mining, government and enterprise customers in Australia and Asia-Pacific.

Market cap: $107m
Price to earnings: Loss-making
Return on equity: 0.0%
Dividend yield: 0.0%
Price to book: 0.00x
Net margin: 0.0%
52-week range: $0.02 to $0.60

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

Questions

Who is investing in Dxn Ltd (ASX:DXN)?

Fund managers including Wilson Asset Management have invested in Dxn Ltd (ASX:DXN).

What opportunities or catalysts do fund managers highlight for Dxn Ltd?

Wilson highlights strong demand for prefabricated data centres driven by AI, electrical infrastructure and grid investment, with strong share price gains.

What are the key risks to the Dxn Ltd investment thesis, according to fund managers?

The available commentary does not set out specific risks, though DXN's growth depends on winning large data centre contracts.

What does Dxn Ltd (ASX:DXN) do?

DXN Limited (ASX: DXN) is a vertically integrated manufacturer and operator of modular data centres. The company operates across three core segments: Modular, Data Centre Operations, and Data Centre as-a-Service. DXN's core business encompasses the design, engineering, manufacturing, maintenance, and operation of data centres on a global scale. This end-to-end model positions DXN across the full data centre lifecycle, from initial modular construction through ongoing operational management and service delivery, serving markets worldwide.

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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