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Macquarie Group (ASX:MQG) remains one of the most widely held financials among Australian fund managers, though views on valuation diverge. In July 2026, Investors Mutual argued Macquarie offers better value than the major banks, with a strong balance sheet, diversified income and less exposure to a softening housing market. Wilson Asset Management leaned toward selling on valuation after a long run of guidance downgrades. Pendal Group noted the surprise announcement that Shemara Wikramanayake will hand over as chief executive to banking head Greg Ward. Macquarie operates in the Financials sector within the Capital Markets industry, and Thesis Tracker has captured 63 comments from 30 fund managers, including Investors Mutual, Wilson Asset Management, Pendal Group, Hyperion and L1 Capital. Headquartered in Sydney, Macquarie is a global financial group spanning asset management, banking, commodities and global markets, and investment banking.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Cooper Investors, Endeavor Asset Management, Ten Cap, Antares Capital, Airlie Funds Management, Clime Investment Management, Tyndall Asset Management, Auscap Asset Management, Hyperion Asset Management, Elston Asset Management, Infinity Asset Management, Pendal Group, Pengana Capital Group, Paradice Investment Management, Wilson Asset Management, Perennial Partners, Alliance Bernstein, Oracle Advisory Group, Mint Asset Management, Argo Investments, Yarra Capital Management, L1 Capital, Plato Investment Management, Quest Asset Partners, ClearBridge Investments, Prime Value Asset Management, Vinva Investment Management, Investors Mutual Limited, Seneca Financial Solutions and First Samuel have invested in Macquarie Group Ltd (ASX:MQG).
Investors Mutual favours Macquarie's broad sources of income, lower relative exposure to housing and a valuation more attractive than the big four banks. L1 Capital highlights its banking division as an aggressive and efficient competitor taking mortgage market share from the majors through the broker channel, and recent results broke a long cycle of downgrades.
Wilson Asset Management sees limited upside at current prices after a series of nine downgrades, expecting management to remain conservative with guidance. Pendal flagged the unexpected timing of the CEO transition, and Hyperion noted Macquarie Asset Management's contribution fell after divesting its North American and European public investments business.
Macquarie Group Ltd. is a global financial services holding company headquartered in Sydney, Australia. Founded in 1969, the firm provides banking, financial, advisory, investment, and fund management services via five segments: Macquarie Asset Management (MAM) offers diverse investment solutions across infrastructure, real estate, and private credit; Banking and Financial Services (BFS) provides retail and business banking; Commodities and Global Markets (CGM) delivers integrated trading and market solutions; Macquarie Capital covers capital solutions and energy advisory; and the Corporate segment encompasses treasury and central services. Macquarie operates as a diversified international financial institution.
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.