PM Capital
PM Capital Global Companies Fund
Global
Jun 2026 → Aug 2026
Our archive holds 2 letters from this strategy and positions in 14 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in a year · follow all of PM Capital for every strategy.
Performance
as of Aug 31, 2026 · net of fees · AUD
- 1Y+26.4%index +9.9%
- 3Y · /yr+26.1%index +16.1%
- 5Y · /yr+21.4%index +11.6%
- 10Y · /yr+18.2%index +13.5%
- Inception · /yr+11.5%index +7.1%
Index: MSCI World Net Total Return Index (AUD)
| 1Y | 3Yper year | 5Yper year | 10Yper year | Since inceptionper year | |
|---|---|---|---|---|---|
| PM Capital Global Companies Fund | +26.4% | +26.1% | +21.4% | +18.2% | +11.5% |
| MSCI World Net Total Return Index (AUD) | +9.9% | +16.1% | +11.6% | +13.5% | +7.1% |
Disclaimer
These figures are copied from the manager’s latest letter, as of Aug 31, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
Following the sector’s strength, and with valuations now reflecting the higher copper prices, we used the sharp re-rating to opportunistically take profits and reduce position sizing.
We took advantage of the relative market movements to manage position sizing, reducing Newmont and increasing Northern Star.
Following the sector’s strength, and with valuations now reflecting the higher copper prices, we used the sharp re-rating to opportunistically take profits and reduce position sizing.
We took advantage of the relative market movements to manage position sizing, reducing Newmont and increasing Northern Star.