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FDC

FDC Consolidated Holdings Limited

Construction Materials

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Materials

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About FDC Consolidated Holdings Limited

FDC Consolidated Holdings (ASX:FDC), a construction and fitout business, has drawn interest since its IPO. In September 2026, 1851 Capital named FDC a guest pick and buy, backing post-COVID tailwinds in office reconfiguration and infrastructure work, and pointing to its risk-averse business model. Wilson Asset Management described FDC as an integrated construction and building services company delivering major projects, while Lennox noted it is one of Australia's largest national construction, fitout and refurbishment businesses, founded in 1990. Quest participated in its attractively priced IPO. FDC operates in the Materials sector within the Construction Materials industry, and Thesis Tracker has captured 2 comments from 2 fund managers, including 1851 Capital and Wilson, with Lennox and Quest also commenting. Headquartered in Sydney, FDC provides construction, fitout, refurbishment and infrastructure services to corporate, government and data centre clients across Australia.

SOURCE

ACTION

FUND MANAGER

DATE

1851 Capital continues to hold a positive view on FDC Consolidated Holdings, a guest pick, backing the stock's post-COVID tailwinds in office reconfiguration and infrastructure work. The manager points to risk-averse, broadly-owned management and high revenue certainty as key attributes supporting the investment case, viewing the combination of structural demand for workplace fit-out and infrastructure services alongside conservative management practices as a stable foundation for continued earnings delivery.

18 Sep 2026

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1851 Capital

No Change

Article

Commentary

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There are 4 comments from 4 fund managers regarding FDC Consolidated Holdings Limited (ASX:FDC).

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Price

$3.99

$3.30

$4.10

Market cap

$169M

Sector

Materials

Fund managers

4 managers

First covered

25 June 2026

Last updated

18 Sept 2026

Company Details

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​§ Important Notice

The entries below are records originating from third-party statements. Thesis Tracker does not rank, recommend or endorse any fund manager, fund or security. Investment decisions should be made on the basis of the relevant Product Disclosure Statement and, where appropriate, advice from a licensed adviser.

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Frequently asked questions about FDC Consolidated Holdings Limited (ASX:FDC)

Frequently asked questions

Who is investing in FDC Consolidated Holdings Limited (ASX:FDC)?

Fund managers including Lennox Capital Partners, Quest Asset Partners, Wilson Asset Management and 1851 Capital have invested in FDC Consolidated Holdings Limited (ASX:FDC).

What opportunities or catalysts do fund managers highlight for FDC Consolidated Holdings Limited?

Managers highlight tailwinds from office reconfiguration and infrastructure work, a risk-averse model and an attractively priced IPO, according to 1851 Capital, Wilson and Quest.

What are the key risks to the FDC Consolidated Holdings Limited investment thesis, according to fund managers?

The available commentary does not set out specific risks, though construction contractors face margin and project execution risks.

What is the short interest in FDC Consolidated Holdings Limited (ASX:FDC)?

The short interest in FDC Consolidated Holdings Limited (ASX:FDC) is 0.01% which makes it the 625th most shorted stock on the ASX. Of the 323.0M shares that FDC Consolidated Holdings Limited has on issue, 26.3K have been sold short.

What does FDC Consolidated Holdings Limited (ASX:FDC) do?

FDC Consolidated Holdings Limited (ASX:FDC) is an Australian building delivery partner with over 35 years of operation. The company provides construction, fitout, refurbishment, and building services for prominent organizations. FDC focuses on quality outcomes, program certainty, and maintaining trusted relationships across clients, teams, subcontractors, and consultants. The group applies deep technical expertise and a hands-on approach to ensure accountability and consistency across all project deliveries.

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