Spheria Asset Management
Spheria Australian Microcap Fund
Micro-cap
Jun 2026 → Oct 2026
Our archive holds 3 letters from this strategy, behind 2 investment theses and positions in 21 companies. Every quote below is copied verbatim from the letter it came from.
3 letters in a year · follow all of Spheria Asset Management for every strategy.
Performance
as of Oct 31, 2026 · net of fees · AUD
- 1Y−12.5%index −14.4%
- 3Y · /yr+11.0%index +10.0%
- 5Y · /yr+5.9%index +0.6%
- 10Y · /yr+11.0%index +5.9%
- Inception · /yr+11.8%index +6.0%
Index: S&P/ASX Small Ordinaries Accumulation Index
| 1Y | 3Yper year | 5Yper year | 10Yper year | Since inceptionper year | |
|---|---|---|---|---|---|
| Spheria Australian Microcap Fund | −12.5% | +11.0% | +5.9% | +11.0% | +11.8% |
| S&P/ASX Small Ordinaries Accumulation Index | −14.4% | +10.0% | +0.6% | +5.9% | +6.0% |
Disclaimer
These figures are copied from the manager’s latest letter, as of Oct 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 →Also held
- Motorcycle Holdings Limited
- XRF Scientific Limited
- SKS Technologies Group
- Galan Lithium
- Healius Limited
- Metro Mining
- The Koala Company Limited
- Bapcor Limited
- Coast Entertainment Holdings
- Tyro Payments Limited
- IPD Group
- Supply Network Limited
- Lycopodium Limited
- Intertek Group plc
- Monash IVF Group Limited
- Ipd Group Ltd
- SKS Technologies Group Limited
Its investment theses
- Lycopodium LimitedJun 2026Lycopodium Limited is a diversified mining contractor with a large work pipeline, net cash balance sheet, and a valuation that still screens cheap versus peers.
- Tyro Payments LimitedJun 2026Tyro Payments Limited is a payments technology business with structural growth in healthcare, net cash, and what the manager sees as an attractive valuation.