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GCM Corporation Ltd ASX:GCM

0 opened or increased1 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 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

2026

31 Aug 2025 to today

Commentary 2 comments

DateManagerActionSummary

31 May 2026NorthStar Impact FundsHeldNorthStar Impact Funds continues to hold GCM Corporation because the company's thermal management solution, which links directly to lowering energy needs of data centres, is still in the customer validation stage.

AI Infrastructure Data CentresMonthly Report, price recorded $0.01

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31 Aug 2025NorthStar Impact FundsHeldNorthStar Impact Funds continues to hold GCM Corporation because the company's Very High Density graphite technology addresses the significant energy needs of data centres by displacing copper and aluminium and providing superior thermal management for high-power CPUs and GPUs. The fund highlights that current-generation processors routinely demand 300W-plus power consumption and that VHD graphite's ability to efficiently dissipate heat at these power levels without thermal throttling represents a transformative capability. NorthStar notes the thermal management sector is projected to reach $2.1 trillion by 2030 at a near 20% CAGR, and views GCM's first-mover advantage in commercial VHD production and scalable modular production approach as positioning the company well to lead this market.

Data CentresMonthly Report, price recorded $0.02

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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 GCM.

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About GCM Corporation Ltd

Materials, Metals and Mining

GCM Corporation (ASX:GCM), a graphite technology company, is still validating customers for its thermal management solutions, according to NorthStar Impact Funds. In May 2026, NorthStar noted GCM is still validating customers for its thermal management solution, which links directly to lowering the energy consumption of data centres and electronics, aligning with its impact focus. GCM Corporation operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 2 comments from 1 fund manager, NorthStar Impact Funds. GCM Corporation acquires and develops graphite technology assets, including VHD Graphite Technology, which produces very high density graphite materials for thermal management in electronics, data centres and batteries, helping dissipate heat and improve energy efficiency, and is working to secure commercial customers and scale production for its products.

Market cap: $13m
Price to earnings: Loss-making
Return on equity: -29.6%
Dividend yield: 0.0%
Price to book: 0.93x
52-week range: $0.07 to $0.36

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

Questions

Who is investing in GCM Corporation Ltd (ASX:GCM)?

Fund managers including NorthStar Impact Funds have invested in GCM Corporation Ltd (ASX:GCM).

What opportunities or catalysts do fund managers highlight for GCM Corporation Ltd?

NorthStar highlights GCM's thermal management technology, which could reduce energy use in data centres and electronics.

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

NorthStar notes GCM is still validating customers, so commercial adoption remains unproven.

What does GCM Corporation Ltd (ASX:GCM) do?

GCM Corp., Ltd. engages in the acquisition and development of mineral exploration assets. The company focuses on the acquisition of VHD Graphite Technology and its projects include the McIntosh Graphite Project, Torrington Topaz and Tungsten Project, Greenfields Projects, and Single-Crystal Mullite Fibres. Founded by Anthony J. Alston in March 2006, GCM Corp., Ltd. is headquartered in Perth, Australia.

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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