Fund Manager Summary
The fund managers believe that Fortescue Ltd presents a significant investment opportunity as the share price stabilizes around $19.42. In their opinion, the recent easing of iron ore prices to just over $US100 a tonne, coupled with management stability and a strong balance sheet, positions the company favorably for growth. They note that the share price halved to approximately $15, prompting a large investment from Solaris Investment Management, which now holds a substantial position. The fund managers see potential for strong dividends and a price floor for iron ore around $US90 a tonne. With shares rebounding over 30% from April lows, the outlook remains optimistic, driven by improving industry dynamics and sustainable returns on equity.
Source: Trading View
Commentary From The Managers
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Ten Cap
31 Oct 2025
$21.29
Summary
- Ten Cap has trimmed their position in Fortescue Metals Group (FMG) to lock in gains after a strong performance.
- Despite this adjustment, Ten Cap remains constructive on iron ore.
- The fund is rotating into other resource names that offer more attractive risk-reward profiles.
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Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Commentary From The Managers
Ten Cap
31 Oct 2025
$21.29
- Ten Cap has trimmed their position in Fortescue Metals Group (FMG) to lock in gains after a strong performance.
- Despite this adjustment, Ten Cap remains constructive on iron ore.
- The fund is rotating into other resource names that offer more attractive risk-reward profiles.
Summary
Ten Cap
30 Sept 2025
$18.68
- Ten Cap maintains a positive outlook on the resources sector.
- Spot iron ore prices are well supported.
- Expectations for meaningful upgrades to earnings for both businesses are increasing.
- Ten Cap continues to hold its position based on these favorable market conditions.
Summary
Solaris Investment Management
11 Aug 2025
$19.42
- Michael Bell, chief investment officer of Solaris Investment Management, has taken a significant position in Fortescue Metals (ASX:FMG).
- Solaris was prompted to start buying when iron ore prices eased to just over $US100 a tonne.
- Current trading price of iron ore is around $102 a tonne in Singapore.
- Andrew Forrest has reduced his green hydrogen ambitions.
- The share price of Fortescue halved to around $15 per share, creating a buying opportunity.
- Solaris believes the balance sheet is strong and management churn has slowed.
- Solaris now holds a decent position in Fortescue, with expectations of strong dividend support.
- There is a perceived floor for iron ore prices near $US90 a tonne.
- Fortescue’s shares have rebounded over 30% from their April lows.
- Solaris seeks companies with improving industry dynamics, strong management, healthy balance sheets, and sustainable returns on equity.
Summary
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
ANALYST INSIGHT
Equity Research Analyst
"With a favorable balance sheet and management stability, the recent dip in Fortescue’s share price seems to unveil a potential turnaround. As iron ore prices stabilize, this beleaguered miner may just rise from the ashes, offering intriguing dividend support for investors."
Last Updated: 31 Oct 2025
Query The Data
Frequently Asked Questions
Who is investing in Fortescue Ltd (ASX:FMG)?
Fund managers including Solaris Investment Management and Ten Cap have invested in Fortescue Ltd (ASX:FMG).
Why do fund managers invest in Fortescue Ltd?
Fund managers are investing in Fortescue Ltd due to its strong balance sheet, improved management stability, and favorable industry dynamics. The recent easing of iron ore prices, coupled with a strategic scale-back in green hydrogen ambitions, has made the stock attractive, especially after a significant price drop. With a solid dividend support and a perceived price floor for iron ore around $90 per tonne, fund managers see potential for sustainable returns and growth.
What happened to Fortescue Ltd (ASX:FMG)?
Fund managers are investing in Fortescue Ltd due to its strong balance sheet, improved management stability, and favorable iron ore market conditions. Solaris Investment Management highlighted a significant buying opportunity when the share price fell to around $15, citing strong dividend support and a resilient iron ore price floor. Ten Cap noted the ongoing strength in the resources sector and anticipated earnings upgrades for Fortescue, reinforcing their positive outlook. Overall, these factors contribute to a compelling investment case for Fortescue as it shows potential for sustainable returns.