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The latest announcement is out from Fat Prophets Global Contrarian Fund Ltd. ( (AU:FPC) ).
Fat Prophets Global Contrarian Fund reported an estimated pre-tax net tangible asset value of $1.9338 per share as at 22 April 2026, up 9.62% from $1.7641 on 31 March 2026. The performance reflects active positioning in global equities aligned with the fund’s contrarian mandate.
The fund disclosed that it recently built positions in Meta Platforms and Microsoft totalling 10% of the portfolio, after both stocks fell 30–40% amid market concerns over AI-related spending and disruption. Management views planned large-scale job cuts at these technology giants as a sign of AI-driven efficiency gains and a path to structurally lower operating costs, potentially improving long-term cash flow and supporting the fund’s investment thesis.
More about Fat Prophets Global Contrarian Fund Ltd.
Fat Prophets Global Contrarian Fund Limited is an Australia-listed investment company trading on the ASX under the code FPC. The fund provides global equities exposure with a contrarian strategy, targeting mispriced opportunities across international markets for its investors.
Average Trading Volume: 19,199
Technical Sentiment Signal: Buy
For detailed information about FPC stock, go to TipRanks’ Stock Analysis page.