Thesis TrackerMagellan Investment Partners
Companies discussed, last 12 months
1 companies, monthly, latest action on the rightCommentary
19 Mar 2026Magellan Investment PartnersMFGHeldThe manager comments on Lloyds Banking Group, noting that while it used to trade at a modest discount to Commonwealth Bank, in 2023 it traded at a next-twelve-months price-to-earnings ratio of less than six times before re-rating to ten times, compared with CBA in the mid-twenties. The observation highlights the valuation gap and subsequent re-rating opportunity in international banking comparisons.
About Magellan Investment Partners
Growth Focused, All-CapMagellan Investment Partners is the distribution and investment-solutions arm of Magellan Financial Group (ASX: MFG), the Sydney-based global equities house founded in 2006 by Hamish Douglass and Chris Mackay, which built its reputation investing in high-quality companies with sustainable competitive advantages via its flagship Global Fund. Magellan Investment Partners brings together and distributes several affiliated strategies under one platform: Magellan's own global equities and global listed infrastructure funds, Airlie Funds Management (an Australian equities boutique acquired in 2018, founded by John Sevior and David Cooper), and Vinva Investment Management (a systematic quantitative equities manager in which Magellan holds a strategic stake). With around $40 billion in combined assets under management, the platform applies deep bottom-up research and macro risk management across its global and Australian equity offerings, alongside a strong emphasis on responsible investing.
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11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.