Top fundie Wilsons' flagship fund reveals some of its best ASX share holdings

CSL Limited (ASX: CSL) and Corporate Travel Management Ltd (ASX: CTD) make the list.

a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

A lot of retail investors like to know what shares Australia's leading professional fund managers are buying as the theory goes that if they're good enough for the fund managers then they could be good enough for your average investor.

Wilson Asset Management is one of the most well regarded asset managers in the local market and has an impressive long-term track recording of beating the S&P/ ASX200 (ASX: XJO) with its stock picks. 

On July 12 2019 the group updated the market with some of its funds' performance including that of its $1.3 billion Australian equity focused flagship fund WAM Capital Limited (ASX: WAM).

Generally at a fund manager the larger the fund by capitalisation the more prestigious it is and the more likely its management is to be entrusted to the most senior, accomplished, or 'star' fund managers.

As such it's worth having a peek at some of the top holdings of a flagship fund at one of Australia's leading asset managers.

Here are a few of its holdings in no particular order.

Afterpay Touch Group Ltd (ASX: APT) is the buy now, pay later start-up that tends to divide the bulls and bears as it's growing fast, but unprofitable, and already sports a valuation close to $6 billion. WAM's in the bull camp.

Credit Corp Group Limited (ASX: CCP) has been another stupendously performing mid-cap share over the long term. It's a debt collection business in that it buys bundles of bad consumer debts off a bank or telco at a steep discount, before attempting to collect it to turn a profit. 

Myer Holdings Ltd (ASX: MYR) looks a turnaround or 'value investing' bet as the department store is still very profitable and cheap on conventional valuation metrics. However, it faces plenty of competition and demands that it invests more heavily in its stores to stop the continuous fall of revenue and profits.

CSL Limited (ASX: CSL) is a core holding of many Australian fundies thanks to its strong competitive position and impressive track record of growth. It also offers investors overseas exposure and the tailwinds of ever growing spends on the healthcare sector. 

Invocare Limited (ASX: IVC) is the funeral services operator that has attempted a growth by acquisition strategy recently, while delivering some organic growth. Today it announced another acquisition. It also has an impressive long-term track record of dividend and profit growth. 

Corporate Travel Management Ltd (ASX: CTD) is the corporate travel platform provider that has also grown by acquisition and organically over the past 5 years or more. The stock has come off the boil recently on the back of some bad media, but at $21.90 it seems Wilson's thinks it offers good value. All eyes will be on its statement of cashflows when it hands in its full year report next month. 

Tom Richardson owns shares of AFTERPAY T FPO, Corporate Travel Management Limited, and CSL Ltd.

You can find Tom on Twitter @tommyr345

The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended InvoCare Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

A man has a surprised and relieved expression on his face. as he raises his hands up to his face in response to the high fluctuations in the Galileo share price today
Broker Notes

These ASX shares could rise 20% to 50%

Analysts are tipping these shares to rise strongly over the next 12 months.

Read more »

A female ASX investor looks through a magnifying glass that enlarges her eye and holds her hand to her face with her mouth open as if looking at something of great interest or surprise.
Broker Notes

Top brokers name 3 ASX shares to buy next week

Brokers gave buy ratings to these ASX shares last week. Why are they bullish?

Read more »

A view of competitors in a running event, some wearing number bibs, line up together on a starting line looking ahead as if to start a race.
Technology Shares

Here's how the ASX 200 market sectors stacked up last week

ASX technology shares led the market with a 2.48% increase last week.

Read more »

A father helps his son look through binoculars during a family holiday or day out in the city.
Opinions

Up 190% in a year, why I think Life360 shares can keep soaring higher

This tech stock has plenty of potential.

Read more »

Doctor doing a telemedicine using laptop at a medical clinic
Healthcare Shares

3 small-cap ASX healthcare shares 'with strong prospects'

Fund manager IML discusses why these 3 ASX healthcare shares are likely to rise in value.

Read more »

Magnifying glass on a rising interest rate graph.
Share Market News

Will the RBA finally cut interest rates next week?

Let's see what economists are saying about the central bank's meeting.

Read more »

A couple sits on a sofa, each clutching their heads in horror and disbelief, while looking at a laptop screen.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors endured a rough Friday to close the trading week today.

Read more »

a man wearing old fashioned aviator cap and goggles emerges from the top of a cannon pointed towards the sky. He is holding a phone and taking a selfie.
Broker Notes

7 ASX All Ords shares elevated to 'strong buy' status in October

The brokers turned bullish on these ASX companies last month.

Read more »