1851 Capital is a Sydney-based boutique fund manager and listed investment company led by Chris Stott, previously chief investment officer at Wilson Asset Management, alongside co-portfolio manager Martin Hickson. The firm specializes in high-conviction Australian small and micro-cap equities, applying detailed fundamental research to identify companies with strong growth potential and quality management ahead of broader market recognition. 1851 Capital's listed investment company structure gives retail shareholders exposure to a concentrated portfolio built using the same value-with-catalyst philosophy the team developed over years managing WAM's small-cap strategies. The firm emphasizes active engagement with portfolio companies and transparent shareholder communication.