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Perpetual Equity Investment Company Ltd ASX:PIC

0 opened or increased0 held1 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 Jan 2025 to today

Commentary Showing 2 of 4

DateManagerActionSummary

30 Jun 2026Wilson Asset ManagementExitWilson Asset Management exited its position in Perpetual Equity Investment Company as part of a broader pattern of exiting listed investment company holdings once discounts to net tangible assets closed, positions reached fair value, or following corporate activity. This reflects Wilson's disciplined approach of realising value once a holding's discount narrows sufficiently, rather than continuing to hold names where the primary value-unlock catalyst has already played out.

Annual Report, price recorded $1.18

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3 Sep 2025Wilson Asset ManagementHeldWilson Asset Management continues to hold Perpetual Equity Investment Company Ltd because the share price discount to NTA oscillates materially, creating recurring trading opportunities. The fund notes it has been highly active behind the scenes despite the position appearing static in the top 20. At the time of commentary, WAM held approximately 4.9% of the company, representing around 8% of the WAR investment portfolio — just below the substantial shareholder threshold. Wilson Asset Management views the widening and narrowing of the discount as a repeatable alpha source, accumulating when the discount widens and trimming as it compresses.

Monthly Report, price recorded $1.29

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2 more comments on PICPro shows every comment, with a link to each source document.

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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 PIC.

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About Perpetual Equity Investment Company Ltd

Industrials, Capital Markets

Perpetual Equity Investment Company (ASX:PIC), a listed investment company managed by Perpetual, has been exited by Wilson Asset Management after its discount closed. In June 2026, Wilson said that other positions in WAM Strategic Value were exited as discounts to net tangible assets closed, holdings reached fair value or following corporate activity, including Perpetual Equity Investment Company. Perpetual Equity Investment Company operates in the Financials sector within the Capital Markets industry, and Thesis Tracker has captured 4 comments from 1 fund manager, Wilson Asset Management. Perpetual Equity Investment Company manages a portfolio of predominantly Australian listed securities, with up to 35% in global shares, aiming to deliver investors a growing income stream through fully franked dividends and long-term capital growth, and is managed by Perpetual's Australian equities team using a quality and value-focused process, with holdings across large and mid-cap Australian companies.

Market cap: $431m
Price to earnings: 40.8x
Return on equity: 2.6%
Dividend yield: 6.5%
Price to book: 1.07x
Net margin: 56.2%
52-week range: $1.10 to $1.30

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

Questions

Who is investing in Perpetual Equity Investment Company Ltd (ASX:PIC)?

Fund managers including Wilson Asset Management have invested in Perpetual Equity Investment Company Ltd (ASX:PIC).

What opportunities or catalysts do fund managers highlight for Perpetual Equity Investment Company Ltd?

Wilson's commentary indicates PIC's discount to net tangible assets closed, allowing WAM Strategic Value to realise its investment at fair value.

What are the key risks to the Perpetual Equity Investment Company Ltd investment thesis, according to fund managers?

Wilson exited once the discount closed, suggesting limited further upside from discount narrowing alone.

What does Perpetual Equity Investment Company Ltd (ASX:PIC) do?

Perpetual Equity Investment manages a diversified portfolio of Australian and global listed securities. The company’s primary investment objective is to deliver investors a growing income stream and long-term capital growth that outperforms its benchmark. This strategy is designed for a minimum five-year investment horizon.

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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