Loading companies…

Ophir High Conviction Fund ASX:OPH

0 opened or increased0 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

3 Sep 2025 to today

Commentary 2 comments

DateManagerActionSummary

30 Sep 2025Wilson Asset ManagementInitiatedWilson Asset Management initiated a position in the Ophir High Conviction Fund because the fund was trading at a 12.2% discount to NTA when WAM Strategic Value entered in July 2025, representing an attractive entry point. Wilson Asset Management notes that since acquisition, the NTA has increased 9.5% and the share price has increased 8.1%, with the share price discount to NTA narrowing from 13.3% to 7.2% at the end of September 2025.

Monthly Report, price recorded $3.47

The source document link is a Pro feature

3 Sep 2025Wilson Asset ManagementReducedWAM Strategic Value (ASX: WAR) reduced its position in Ophir Asset Management after initiating the position at a discount to the prevailing share price, which was itself at a discount to NTA. The manager notes they purchased at approximately a 3% discount to the share price, equating to close to a 14% discount to NTA, and traded most of the position out, generating approximately a 6% return on approximately $15 million invested.

Monthly Report, price recorded $3.16

The source document link is a Pro feature

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 OPH.

View Pro

About Ophir High Conviction Fund

Industrials, Capital Markets

Ophir High Conviction Fund (ASX:OPH), a listed small and mid-cap Australian equities fund, has been traded by Wilson Asset Management around its discount. In September 2025, Wilson said it had been trading Ophir recently after an investor seeking liquidity sold units, allowing Wilson to buy at a discount to net asset value. Wilson also reported the fund's net tangible assets rose 2.9% in September 2025, while the unit price rose more strongly, narrowing the discount. Ophir High Conviction Fund operates in the Financials sector within the Capital Markets industry, and Thesis Tracker has captured 2 comments from 1 fund manager, Wilson Asset Management. The Ophir High Conviction Fund is an ASX-listed long-only Australian equities fund managed by Ophir Asset Management, holding a concentrated portfolio of 15 to 30 small and mid-cap companies, with a strong long-term performance record that has historically supported trading near or above its net asset value.

Market cap: $503m
Price to earnings: Loss-making
Return on equity: -5.3%
Dividend yield: 14.4%
Price to book: 0.92x
Net margin: 180.4%
52-week range: $2.26 to $3.60

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

Questions

Who is investing in Ophir High Conviction Fund (ASX:OPH)?

Fund managers including Wilson Asset Management have invested in Ophir High Conviction Fund (ASX:OPH).

What opportunities or catalysts do fund managers highlight for Ophir High Conviction Fund?

Wilson highlights opportunities to buy units at a discount from liquidity-driven sellers and a narrowing discount as the unit price outpaced net tangible asset growth.

What are the key risks to the Ophir High Conviction Fund investment thesis, according to fund managers?

The available commentary does not detail specific risks, though listed funds can trade at persistent discounts and depend on the manager's performance.

What does Ophir High Conviction Fund (ASX:OPH) do?

The Ophir High Conviction Fund (ASX: OPH) is a long-only Australian equities fund targeting small and mid-cap companies. The strategy maintains a concentrated portfolio of 15-30 stocks listed outside the S&P/ASX 50 index. Managed with a focus on investment quality, the fund identifies businesses positioned to benefit from structural growth opportunities.

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.

Disclaimer Terms of Use Privacy Complaints Contact

Loading…