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Select Harvests (ASX:SHV), Australia's largest almond grower, is a top holding for Collins St Asset Management on improving almond markets. In August 2026, Collins St said Select Harvests, a top-five holding, rose around 12% even before reporting, on record Chinese almond demand, rising underlying almond prices and a cut to crop estimates. Collins St noted the company has reduced debt, started a buyback and improved its earnings outlook, yet trades on around 9 times FY27 earnings, with lower production costs than many international competitors. Tamim reported first-half underlying profit up 33% to $29.1 million. Select Harvests operates in the Consumer Staples sector within the Food Products industry, and Thesis Tracker has captured 13 comments from 4 fund managers, including Collins St, Tamim and Seneca. Founded in 1978 and headquartered in Richmond, Melbourne, Select Harvests grows, processes and markets almonds and other nuts from orchards in Victoria, New South Wales and South Australia.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Collins St Asset Management, Perpetual Asset Management, Tamim Funds Management and Seneca Financial Solutions have invested in Select Harvests Ltd (ASX:SHV).
Collins St and Tamim highlight record Chinese almond demand, rising almond prices, debt reduction, a buyback, profit growth of 33% and a low earnings multiple.
The available commentary is positive, though Select Harvests' earnings depend on almond prices, crop yields and weather, which can vary significantly year to year.
Select Harvests Ltd, established in 1978 and headquartered in Richmond, Australia, specializes in processing, packaging, and distributing edible nuts, dried fruits, seeds, and health products. The company operates through three segments: Sale of Goods, covering product distribution; Management Services, providing farm development and almond sales agency services; and Government Grant and Other Revenue, reflecting government financial assistance. Select Harvests generates revenue from the Sale of Goods upon shipment or service delivery. This structure supports the company's role in the global nut and agricultural supply chain.
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.