31 Aug 2026ELM Responsible InvestmentsCOHHeldELM Responsible Investments continues to hold Cochlear as a core position in the ANZ Conviction Fund without change, describing it as a global leader in implantable hearing solutions supported by significant unmet clinical need, an ageing population and growing recognition of the benefits of treating hearing loss. The manager notes FY26 sales revenue rose 2% in constant currency to $2.34 billion, with underlying net profit of $322 million at the upper end of guidance, despite lower gross margins from sales mix, manufacturing overhead absorption and foreign exchange. Revenue growth improved in the second half, cash generation strengthened, and management guides to low single-digit constant currency revenue growth in FY27 alongside underlying net profit of $330 million to $350 million. The manager cites Cochlear's global scale, specialist distribution network, installed base and innovation history as the foundation for long-term value creation, and will continue monitoring implant volume growth, pricing, margin recovery and new product adoption.
21 Aug 2026ELM Responsible InvestmentsSXEHeldELM Responsible Investments continues to hold Southern Cross Electrical Engineering, viewing its $165 million capital raise announced in June, accompanied by an upgrade to FY26 EBITDA guidance and initiation of FY27 EBITDA guidance of at least $100m (a 33% step up), as a signal of the depth of the data centre, renewables and electrification opportunity ahead of it. The manager notes data centres are moving from pilot to material contributor, with FY27 data centre revenue expected to be approximately 3.0x FY26, more than $1bn of data centre work currently being tendered, and contracts secured including NEXTDC S4 early works and an LV switchroom skid contract for a major operator. Renewables and battery storage form a distinct second growth leg following the $250m Collie battery storage project and the Steel River East BESS award, while broad-based electrification, including the Rio Tinto Pilbara Master Construction Agreement, keeps the order book diversified. ELM continues to hold because management has consistently converted this exposure to AI infrastructure, renewables and electrification into earnings ahead of expectations, with the same read-through applied to other holdings including SKS Technologies, IPD Group, Maas Group and Wagners.
ELM Responsible Investments is a boutique Australian fund manager specializing in responsible and ethical investing, applying environmental, social and governance (ESG) screens alongside fundamental financial analysis to construct portfolios aligned with sustainability-conscious investor values. Firms in this niche typically exclude sectors such as fossil fuels, tobacco, gambling or weapons manufacturing, while favouring companies demonstrating strong governance and positive environmental or social impact. ELM's positioning reflects the broader growth in responsible investment demand among Australian retail and wholesale investors seeking to align their portfolios with ethical considerations without sacrificing financial returns, though detailed public information on its specific track record and team is limited given its boutique scale.
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 Aug 2026ELM Responsible InvestmentsCOHHeldELM Responsible Investments continues to hold Cochlear as a core position in the ANZ Conviction Fund without change, describing it as a global leader in implantable hearing solutions supported by significant unmet clinical need, an ageing population and growing recognition of the benefits of treating hearing loss. The manager notes FY26 sales revenue rose 2% in constant currency to $2.34 billion, with underlying net profit of $322 million at the upper end of guidance, despite lower gross margins from sales mix, manufacturing overhead absorption and foreign exchange. Revenue growth improved in the second half, cash generation strengthened, and management guides to low single-digit constant currency revenue growth in FY27 alongside underlying net profit of $330 million to $350 million. The manager cites Cochlear's global scale, specialist distribution network, installed base and innovation history as the foundation for long-term value creation, and will continue monitoring implant volume growth, pricing, margin recovery and new product adoption.
21 Aug 2026ELM Responsible InvestmentsSXEHeldELM Responsible Investments continues to hold Southern Cross Electrical Engineering, viewing its $165 million capital raise announced in June, accompanied by an upgrade to FY26 EBITDA guidance and initiation of FY27 EBITDA guidance of at least $100m (a 33% step up), as a signal of the depth of the data centre, renewables and electrification opportunity ahead of it. The manager notes data centres are moving from pilot to material contributor, with FY27 data centre revenue expected to be approximately 3.0x FY26, more than $1bn of data centre work currently being tendered, and contracts secured including NEXTDC S4 early works and an LV switchroom skid contract for a major operator. Renewables and battery storage form a distinct second growth leg following the $250m Collie battery storage project and the Steel River East BESS award, while broad-based electrification, including the Rio Tinto Pilbara Master Construction Agreement, keeps the order book diversified. ELM continues to hold because management has consistently converted this exposure to AI infrastructure, renewables and electrification into earnings ahead of expectations, with the same read-through applied to other holdings including SKS Technologies, IPD Group, Maas Group and Wagners.
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