Commonwealth Bank of Australia
Long book
$231.0M
Q1 2026
Positions
2
Top-10 weight
100%
concentration
Last quarter
+49.9%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsCommonwealth Bank of Australia is a diversified fundamental manager, specialised in financials (100% of the long book), running a $231.0M US long book across 2 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: KLARNA GROUP PLC, GEMINI SPACE STATION INC-A.
We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2025
-54.7%
Q1 2026
+49.9%
Sector allocation
Financials 100%