Hearts and Minds Investments Limited (HM1) is a unique listed investment company that was established in November 2018 with the combined objective of providing a concentrated equities portfolio of the highest conviction ideas from leading fund managers, whilst also supporting Australian medical research institutes.
Hearts and Minds was born out of the philanthropic vision of the Sohn Hearts & Minds Investment Leaders Conference, Australia’s premier investor event. Established in 2016, the annual one-day conference brings together leading international and local fund managers who present their exclusive investment ideas in a fast-paced TED-style format, alongside influential international keynotes who present macro insights and thought leadership. The Conference is proudly the official Australian affiliate of the Sohn Conference Foundation.
The HM1 portfolio is a mix of the ideas pitched at the annual Sohn Hearts and Minds Conference, as well as the recommendations from our six core fund managers. This esteemed collective of top-performing fund managers generously share their highest conviction stock picks to the Company on a pro-bono basis. Many of these fund managers are not accessible to retail investors, providing HM1 shareholders with an opportunity to benefit from those managers' highest conviction investment ideas through a single trade on the ASX. Learn more about our investment approach here.
Our charitable goal is made possible by waiving typical investment fees and instead, making a sizeable donation to our suite of medical research beneficiaries. The donation amount is 1.5% of our Net Tangible Asset value (NTA) per annum (which is published to the ASX each week). HM1 has created a growing and sustainable funding model for our beneficiaries. To date, HM1 has donated $15.4 million, making us one of Australia's Top 50 Corporate Philanthropists (source). This would not be possible without the generous and ongoing pro-bono commitment from our fund managers, service providers and Board.
Watch our initial listing video to learn more about the establishment of HM1 (filmed 2018):