28 Sep 2026Merlon Capital PartnersCSLInitiatedMerlon Capital Partners initiated a position in CSL at around $140, and portfolio manager Neil Margolis, who oversees $1 billion in the Australian equity fund, notes the stock fell further as brokers repeatedly downgraded it. Margolis believes this ultimately created a best-case setup, with a depressed share price and overly bearish analyst forecasts meaning a positive earnings result could trigger a sharp rebound. He notes quant funds make markets more sensitive to short-term earnings revisions, exaggerating share price moves. When CSL reached $90, some analysts began upgrading forecasts, catching underweight quant funds off-guard and fuelling the recovery.
28 Sep 2026Merlon Capital PartnersTWEHeldMerlon Capital Partners continues to hold Treasury Wine Estates because it believes the wine producer is at an attractive low point after several years of exposure to a very weak Chinese consumer. Merlon notes the company could benefit from a cyclical recovery in China, which would support earnings from the depressed base reflected in a share price of around $5.41.
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11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.
28 Sep 2026Merlon Capital PartnersCSLInitiatedMerlon Capital Partners initiated a position in CSL at around $140, and portfolio manager Neil Margolis, who oversees $1 billion in the Australian equity fund, notes the stock fell further as brokers repeatedly downgraded it. Margolis believes this ultimately created a best-case setup, with a depressed share price and overly bearish analyst forecasts meaning a positive earnings result could trigger a sharp rebound. He notes quant funds make markets more sensitive to short-term earnings revisions, exaggerating share price moves. When CSL reached $90, some analysts began upgrading forecasts, catching underweight quant funds off-guard and fuelling the recovery.
28 Sep 2026Merlon Capital PartnersTWEHeldMerlon Capital Partners continues to hold Treasury Wine Estates because it believes the wine producer is at an attractive low point after several years of exposure to a very weak Chinese consumer. Merlon notes the company could benefit from a cyclical recovery in China, which would support earnings from the depressed base reflected in a share price of around $5.41.
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