Renaissance Asset Management

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Comments14

Companies14

Positions opened6

Positions exited2

Last published31 Mar 2026

Companies discussed, last 12 months

3 companies, monthly, latest action on the right

NovJanMarMayJulSepLatest

ATAAtturraHeld IMMImmutepExit HMCHMC CapitalIncreased

Commentary

DateManagerCompanyActionSummary

31 Mar 2026Renaissance Asset Management ATAHeldRenaissance Asset Management continues to hold Atturra Ltd because the fund believes the company will recover strongly in FY27 from a large contract dispute with a government entity that is currently in mediation — a situation without precedent in ATA's history — and remains confident in the company's positioning in the technology and AI services space. Renaissance Asset Management notes ATA had $43 million in net cash at December results, is actively buying back its own stock, and trades at a 20% discount to book value at a PER of 8.5 — below its historical valuation. Outside of the contract dispute, the underlying business results are consistent with guidance and the outlook remains robust.

Quarterly Report, price recorded $0.54

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31 Mar 2026Renaissance Asset Management IMMExitThe manager sold their investment in IMM, a biotech stock that was undergoing a pivotal Phase 3 clinical trial in cancer which failed during the quarter. Most of the value in the company had been attributed to this prospective drug, and following the failure the share price collapsed, leading the manager to ultimately exit the position.

Quarterly Report, price recorded $0.05

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12 more commentsEvery comment this manager has published, with sources.

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About Renaissance Asset Management

Sector Focused, Small-Cap

Renaissance Asset Management is a Sydney-based boutique fund manager, established in 2003, operating as a holding company for two specialist investment businesses: Renaissance Smaller Companies, focused on Australian small-cap equities, and Renaissance Property Securities, dedicated to listed Australian real estate investment trusts (REITs). The firm applies fundamental, research-driven analysis within each specialist mandate, giving investors targeted exposure either to smaller ASX-listed growth companies or to the listed property sector, rather than running a single broad-based equity fund. This dual-specialist structure allows Renaissance to maintain deep sector expertise in two historically under-served, higher-alpha-potential segments of the Australian market. The firm serves wholesale and institutional investors seeking dedicated small-cap or property securities exposure.

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11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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