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PEXA Group Ltd ASX:PXA

2 opened or increased9 held1 reduced or exitedlatest position by manager, past 12 months90 days: 1 increased, 0 reduced. 16 managers in total.

Position history by manager Showing 3 of 16 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

13 more managers have commented on PXAPro shows the full position history for all 16 managers.

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20252026

13 Jul 2025 to today

Commentary Showing 2 of 26

DateManagerActionSummary

31 Aug 2026Seneca Financial SolutionsIncreasedSeneca Financial Solutions increased its position in PEXA Group after the stock sold off heavily on the back of a regulatory review of its pricing power by IPART. The manager notes management has submitted its own asset-base calculation, which differs materially from the regulator's proposal, and expects an eventual outcome somewhere between the two positions. Trading at an all-time-low of roughly 11 times EV/EBITDA, with directors buying on market, the manager views the worst-case outcome as largely priced in, effectively acquiring the Australian property settlement monopoly cheaply while receiving the UK business for free.

Presentation, price recorded $7.31

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31 Jul 2026Perennial PartnersHeldPerennial Partners continues to hold PEXA Group despite the stock falling 28.0% following the release of IPART's draft review of electronic conveyancing fees, which proposed reducing PEXA Exchange's regulated revenue requirement. The manager notes softer housing transaction volumes and broader weakness across housing-exposed companies also weighed on sentiment, but the recommendations remain subject to consultation and would not take effect before FY28.

Monthly Report, price recorded $7.42

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24 more comments on PXAPro 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 16 managers first commented on PXA.

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Articles

31 Aug 2026Pexa Group Fell 50%+ on a Regulator's Draft Pricing Cut
6 Jul 2026PEXA's UK Win With NatWest Meets an Australian Pricing Cut

About PEXA Group Ltd

Information Technology, Real Estate Management and Development

PEXA (ASX:PXA), the electronic property settlement platform, has fallen on regulatory pricing risk. In August 2026, Seneca rated PEXA a buy, arguing it was sold off heavily on IPART's review of its pricing, while management has submitted its own asset base calculation that differs materially. Pendal and Perennial reported falls of 16% to 28% after IPART's draft report recommended cutting PEXA's prices by around 20% from mid-2027, removing about $70 million of revenue. Equity Trustees noted the de-rating on IPART's consultation paper, and Akambo added on weakness. PEXA operates in the Financials sector within the Real Estate Management and Development industry, and Thesis Tracker has captured 25 comments from 15 fund managers, including Seneca, Pendal, Perennial, Equity Trustees and Akambo. Founded in 2018 and headquartered in Melbourne, PEXA operates Australia's dominant electronic conveyancing platform for property settlements and is expanding into the UK.

Market cap: $1.1b
Price to earnings: Loss-making
Return on equity: 0.0%
Dividend yield: 0.0%
Price to book: 0.00x
Net margin: 0.0%
52-week range: $6.15 to $16.05

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

Questions

Who is investing in PEXA Group Ltd (ASX:PXA)?

Fund managers including Ten Cap, Oracle Advisory Group, Clime Investment Management, Datt Capital, Seneca Financial Solutions, First Sentier Investors, Perennial Partners, Lakehouse Capital, Longwave Capital, Equity Trustees Asset Management, Blackwattle Investment Partners, Yarra Capital Management, SG Hiscock & Company, Pendal Group, Akambo and Ralton Asset Management have invested in PEXA Group Ltd (ASX:PXA).

What opportunities or catalysts do fund managers highlight for PEXA Group Ltd?

Seneca and Akambo see value after the sell-off, with management contesting IPART's asset base calculation, and PEXA retains its dominant position in Australian e-conveyancing.

What are the key risks to the PEXA Group Ltd investment thesis, according to fund managers?

Pendal and Perennial highlight IPART's draft recommendation to cut PEXA's prices by around 20%, potentially removing $70 million of revenue, creating significant regulatory risk.

What does PEXA Group Ltd (ASX:PXA) do?

PEXA Group Ltd. is an Australian-based company specializing in the development and provision of electronic conveyancing systems. Established on October 4, 2018, the company is headquartered in Docklands, Australia. PEXA operates a digital platform facilitating property settlement and document lodgment services, streamlining conveyancing processes for legal practitioners, financial institutions, and property buyers.

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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