31 May 2026Contact Asset ManagementBHPHeldContact Asset Management continues to hold BHP Group after the company officially walked away from its $49 billion takeover bid for Anglo American following Anglo's rejection of a final deadline extension request. The fund views BHP's decision to walk away as demonstrating appropriate capital discipline rather than overpaying for assets, and notes the stock rose 16% in May to record highs. Contact believes BHP will significantly increase its dividend from current levels given commodity strength, targeting a grossed-up yield that supports a share price above $62. The portfolio's BHP holding is now at 12.6%.
31 Mar 2026Contact Asset ManagementALDHeldContact Asset Management continues to hold Ampol because the company benefits from tightening product markets and historically strong regional refining margins in the range of USD$40–50 per barrel, combined with an extensive wholesale and retail distribution network that provides more defensive earnings characteristics. The fund views integrated downstream operators with domestic refining capabilities and established distribution networks as particularly well positioned in the current environment.
Contact Asset Management is a Melbourne-based boutique Australian equities fund manager founded by Zach Riaz and Timothy Boyle, specializing in high-conviction small and micro-cap investing. The firm applies deep fundamental research to identify quality, often under-the-radar Australian companies with strong growth potential, seeking to invest ahead of broader market recognition. Contact's process places significant emphasis on management quality, industry structure and sustainable competitive positioning, favouring long-term compounding over short-term trading. Distributed to wholesale and adviser-distributed investors, the firm has built a track record focused specifically on the less-covered end of the ASX small-cap universe.
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 2026Contact Asset ManagementBHPHeldContact Asset Management continues to hold BHP Group after the company officially walked away from its $49 billion takeover bid for Anglo American following Anglo's rejection of a final deadline extension request. The fund views BHP's decision to walk away as demonstrating appropriate capital discipline rather than overpaying for assets, and notes the stock rose 16% in May to record highs. Contact believes BHP will significantly increase its dividend from current levels given commodity strength, targeting a grossed-up yield that supports a share price above $62. The portfolio's BHP holding is now at 12.6%.
31 Mar 2026Contact Asset ManagementALDHeldContact Asset Management continues to hold Ampol because the company benefits from tightening product markets and historically strong regional refining margins in the range of USD$40–50 per barrel, combined with an extensive wholesale and retail distribution network that provides more defensive earnings characteristics. The fund views integrated downstream operators with domestic refining capabilities and established distribution networks as particularly well positioned in the current environment.
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