What smart money is saying about Mader
MAD.AX
No fund has written a full thesis on Mader in our archive, but 1 fund letter reports a position in it — most recently Spheria Global Opportunities Fund in June 2026.
1
Reported positions
0
Bought
0
Sold
3
Letters
Position history
Every position in Mader on record in the archive was reported in Q2 2026, across 1 fund letter, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 1 | 0 | 0 | 0 |
Fund activity · 1 position
- June 2026
“the portfolio has historically been underweight the sector, gaining exposure instead through quality mining services names such as Mader (MAD.ASX) and Imdex (IMD.ASX)”
Read the letterMader
Also mentioned · 2
These funds discuss Mader — as a competitor, benchmark or comparable — without disclosing a position in it.
“gaining exposure instead through quality mining services names such as Mader (MAD.ASX) and Imdex (IMD.ASX) - though this was not enough to offset the strong returns delivered by the broader materials sector over the financial year.”
Read the letterMader- June 2026
“gaining exposure instead through quality mining services names such as GR Engineering (GNG), Mader (MAD.ASX) and Lycopodium (LYL.ASX) - though this was not enough to offset the strong returns delivered by the broader materials sector over the financial year.”
Read the letterMader
Read the letters behind these Mader positions
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