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Wam Alternative Assets Ltd ASX:WMA

0 opened or increased1 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

16 Mar 2026 to today

Commentary 1 comments

DateManagerActionSummary

16 Mar 2026Wilson Asset ManagementHeldThe fund manager continues to hold WAM Alternative Assets, highlighting that its real estate partner Wentworth Capital has recently exchanged on the acquisition of the Novotel and Ibis Hotels in Darling Harbour. Wentworth acquired the two prime hotel assets in one transaction representing more than 781 rooms across a prime 1.5-hectare landholding in Sydney's Darling Harbour precinct, paying $390 million at a discount to comparable Sydney hotel transactions and below estimated replacement cost. The investment provides exposure to a well-recognised, large-scale hotel asset with opportunities to drive income growth through targeted refurbishments and an active management approach, while WAM Alternative Assets is positioned to benefit from longer-term redevelopment potential, including the option to add more than 40,000 square metres of additional floor area.

Newsletter, price recorded $0.97

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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 WMA.

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About Wam Alternative Assets Ltd

Real Estate, Capital Markets

WAM Alternative Assets (ASX:WMA), Wilson Asset Management's listed alternatives company, has been active in real estate investments. In March 2026, Wilson reported that WAM Alternative Assets' real estate partner, Wentworth Capital, had exchanged contracts on the acquisition of the Novotel and Ibis hotel complex, adding to its real estate portfolio. WAM Alternative Assets operates in the Financials sector within the Capital Markets industry, and Thesis Tracker has captured 1 comment from 1 fund manager, Wilson Asset Management. Founded in 2014 and headquartered in Brisbane, WAM Alternative Assets is an ASX-listed investment company providing access to a diversified portfolio of alternative assets, including private equity, real estate, infrastructure, water rights and private debt, managed by Wilson Asset Management with specialist partners, aiming to deliver capital growth and fully franked dividends uncorrelated with listed equity markets.

Market cap: $193m
Price to earnings: 17.9x
Return on equity: 4.9%
Dividend yield: 6.3%
Price to book: 0.89x
Net margin: 55.9%
52-week range: $0.95 to $1.06

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

Questions

Who is investing in Wam Alternative Assets Ltd (ASX:WMA)?

Fund managers including Wilson Asset Management have invested in Wam Alternative Assets Ltd (ASX:WMA).

What opportunities or catalysts do fund managers highlight for Wam Alternative Assets Ltd?

Wilson highlights the acquisition of the Novotel and Ibis hotel complex through Wentworth Capital, expanding its real estate exposure.

What are the key risks to the Wam Alternative Assets Ltd investment thesis, according to fund managers?

The available commentary does not set out specific risks, though returns depend on illiquid alternative assets and the company's discount to net tangible assets.

What does Wam Alternative Assets Ltd (ASX:WMA) do?

WAM Alternative Assets Ltd. is an ASX-listed investment company headquartered in Brisbane, Australia, founded on April 4, 2014. The company focuses on a diversified portfolio of alternative assets, aiming to provide investors with absolute returns through a combination of capital growth and dividend yield. By offering access to alternative investments through a liquid, listed structure, WAM Alternative Assets Ltd. delivers portfolio diversification. The fund manager's strategy targets consistent performance while providing shareholders with transparent access to alternative asset classes typically unavailable in traditional equity portfolios.

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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