Regal Partners Global Investments Limited (ASX:RG1) recorded a net portfolio return of -1.9% for October 2026, with post-tax net tangible assets (NTA) per share of $2.67 and a portfolio size of $629 million, according to the company's monthly performance report.

Key Points

  • Post-tax NTA per share stood at $2.67 as at 31 October 2026, with the share price at $2.41, representing a discount to NTA of -9.7%
  • Net portfolio return for the last 12 months was 26.3%, with a since-inception annualised return of 8.0%
  • Year-to-date net portfolio return for 2026 was 14.4% through October
  • Henry Hill has stepped down from his role as Portfolio Manager
  • Dividend yield pre-franking for the last 12 months was 4.6%, with 100% franking

October 2026 Portfolio Performance and Sector Movements

According to the filing, the portfolio's consumer defensive and healthcare holdings were the primary contributors to October performance, while European banking positions were the main detractors. Heineken rose 16% after third-quarter organic volume grew 5% and the company reaffirmed its profit growth forecast. Pernod Ricard gained 12% after September-quarter revenue fell less than expected. In healthcare, Royalty Pharma rose 15%, Siemens Healthineers rose 13%, and HCA Healthcare rose 11%. The filing disclosed that shares in UK banks Lloyds and NatWest were weighed down by speculation ahead of the UK Budget regarding a potential increase in the bank surcharge.

Portfolio Exposures as at 31 October 2026

The filing disclosed total gross portfolio exposure of 109% of NTA and net exposure of 93%. By sector, Financials represented the largest net exposure at 44%, followed by Health Care at 16% and Materials at 13%. By region, the Americas accounted for a net exposure of 45% and Europe, Middle East and Africa also at 45%, with Asia including Australia and New Zealand at 3% net. The portfolio currency exposure was disclosed as hedged to AUD. Total long exposure was 101% and total short exposure was -8% of NTA.

Portfolio Manager Departure and Fund Structure

The company disclosed that Henry Hill has stepped down from his role as Portfolio Manager. Kevin Bertoli and John Whelan were appointed as Portfolio Managers in May 2026, each with more than 20 years of investment experience. RG1 is structured as a listed investment company with 232 million shares on issue. The investment manager is Regal Partners Limited (ASX:RPL), described in the filing as an ASX-listed specialist alternative investment manager with approximately $22 billion in funds under management. The fund was incepted on 28 September 2017.