Hearts and Minds Investments

High-conviction global
equities portfolio

FY25 Results Announced

Increased fully franked dividend

of 9.0cps announced

Proudly philanthropic:

Unlocking bold
medical research ideas

Sohn Hearts & Minds

Australia's premier
investor event

About HM1

Maximising Returns, Advancing Research

Hearts and Minds Investments Limited (HM1) is a listed investment company that invests in a high-conviction global equities portfolio, based on ideas from a select group of leading fund managers.

HM1 aims to deliver strong long-term returns for shareholders while supporting Australian medical research through donations made in lieu of traditional management fees.

12.05
% p.a.

Investment Returns

Since inception November 2018

 

$
3.85

Pre-Tax NTA

Value as at close of business on 10 October 2025

$
83
m+

Donation Amount

Collectively with Sohn Hearts & Minds since 2016

3.21

Share price

price delay ~20min

A portfolio powered by

expertise and purpose

Global ideas. Australian purpose.

HM1 is a listed investment company that constructs a high-conviction global equities portfolio by partnering with a select group of fund managers who contribute their best ideas on a pro bono basis. In place of traditional management fees, HM1 donates 1.5% of net assets each year to support Australian medical research - aligning strong investment focus with long-term impact.

Our Story

Core Portfolio

Targets 65%
of the portfolio
65%

Built on insight

Driven by conviction

Invest in a concentrated, high-conviction global equities portfolio.

Constructed from 25–35 carefully chosen securities by selected fund managers, HM1's portfolio offers diverse industry and regional exposure while maintaining strong conviction.

Our Chief Investment Officer, overseen by our Investment Committee, actively manages HM1’s portfolio to align with its high-conviction strategy.

Featured Insights

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October 8, 2025

HM1 expands offshore with Prusik Investment Management

We’re thrilled to welcome Prusik Investment Management as our newest Core Fund Manager. With Tom Naughton at the helm, Prusik brings decades of experience investing in Asia’s dynamic markets.

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October 8, 2025

Introducing the Hearts & Minds Ampersand

As we enter our next chapter, we wanted a brand that honours where we’ve come from and reflects where we’re going.

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October 1, 2025

Billionaire hedge fund manager enacts ‘little short’ on the market

Investing veteran Lord Michael Hintze says he’s taking out insurance against expensive debt and equity markets that are being propelled by passive flows.

Read More