31 May 2026ALC CapitalEDVHeldALC Capital held a short position in Endeavour Group and the position contributed positively as the stock declined following a weak trading update highlighting slowing sales growth and a softer consumer backdrop. ALC notes that sentiment deteriorated further at Endeavour's Investor Day, where management outlined a strategic reset, a lower dividend payout ratio and cost-reduction initiatives, raising market concerns around the pace of earnings recovery and execution risk.
31 May 2026ALC CapitalQANHeldALC Capital held a short position in Qantas Airways and the position was a negative contributor as the stock rose during May 2026. ALC notes that a pullback in oil prices and improving travel sentiment tied to signs of Middle East de-escalation drove the share price higher. The fund describes the position as a hedge against Middle East escalation risk and indicates it expects to reduce sizing as geopolitical tensions continue to ease and the war-risk premium unwinds.
ALC Capital is a boutique Australian investment manager, likely offering equities or alternative investment strategies to wholesale and private clients, applying fundamental research to construct portfolios tailored to specific client mandates. As a smaller, closely-held boutique, ALC Capital maintains a lower public media profile than larger institutional Australian fund managers, with detailed independently verifiable information about its specific founders, precise strategy and track record limited in public sources.
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.
31 May 2026ALC CapitalEDVHeldALC Capital held a short position in Endeavour Group and the position contributed positively as the stock declined following a weak trading update highlighting slowing sales growth and a softer consumer backdrop. ALC notes that sentiment deteriorated further at Endeavour's Investor Day, where management outlined a strategic reset, a lower dividend payout ratio and cost-reduction initiatives, raising market concerns around the pace of earnings recovery and execution risk.
31 May 2026ALC CapitalQANHeldALC Capital held a short position in Qantas Airways and the position was a negative contributor as the stock rose during May 2026. ALC notes that a pullback in oil prices and improving travel sentiment tied to signs of Middle East de-escalation drove the share price higher. The fund describes the position as a hedge against Middle East escalation risk and indicates it expects to reduce sizing as geopolitical tensions continue to ease and the war-risk premium unwinds.
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