Loeb Upbeat on US Markets, Hintze Talks China at Sohn Australia

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First Eagle, McLennan

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First Eagle portfolio manager Matthew McLennan is recommending all things gold — the metal itself and shares of its producers. Bullion prices smashed records this year as jitters over tariffs and the US economy fueled a flight to haven assets.

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“The observation is that owning gold and equities together, you can see the geometric average of the two has been far more stable than owning either/or,” he said, according to the AFR. Around 15% of McLennan’s fund is invested in gold and gold miners, the paper reported him as saying.

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Square Peg, Hensman

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Square Peg’s Ben Hensman pitched Monday.com Ltd., saying the market is too conservative on the software company’s valuation and that comparable firms trade at much higher multiples, the AFR reported. The shares are down 32% this year.

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Ampfield, Moore

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Emerson Moore of Ampfield Management selected Finnish retail chain Puuilo Oyj. Even though it sells low-value products, the company has high sales, strict cost discipline and good capital efficiency, he said, according to the AFR.

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JO Hambro Capital Management, Mehta

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JO Hambro Capital Management’s Samir Mehta tipped PB Fintech Ltd., which operates insurance marketplace Policybazaar and credit provider Paisabazaar. 

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“It’s virtually a monopoly as an insurance agent in India. On the other hand, they also are building a marketplace for savings and wealth management,” Mehta said, the AFR reported.

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He touted Tencent Music Entertainment Group at last year’s conference, which has climbed 65% this year.

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Third Point, Loeb

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Loeb named concerts giant Live Nation Entertainment Inc. as his bet, saying that “people want experiences,” the Australian reported. He’s also bullish on Japanese pump equipment maker Ebara Corp., noting that the company is inexpensive compared to peers.

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Ebara has gained 60% this year, although its shares came under pressure Friday after its third-quarter results missed estimates. Live Nation is up 5.7% in 2025.

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Antipodes Partners, Ross

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Vihari Ross of Sydney-based Antipodes Partners is another returning speaker, this time backing Brookdale Senior Living Inc. as a key beneficiary of the incoming “silver tsunami” of baby boomers turning 80, the AFR reported.

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Her 2024 stock pick, Airbus SE, has yielded a 37% return this year.

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Marathon Resource Advisors, Mullin

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Marathon Resource Advisors’ Robert Mullin singled out SLB Ltd., formerly known as Schlumberger. The US oil field services company is well positioned for the AI revolution, he said, the Australian reported.

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“This is a 100-year-old oil field technology company, effectively offering sophisticated value-added solutions across the entire spectrum of traditional and new energy,” he said, according to the newspaper. The stock is down 5.3% this year.

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Advent Global Opportunities, Anjarwala

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Rounding out the presentations, Mohammed Anjarwala of Advent Global Opportunities selected German cement maker Heidelberg Materials AG.

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The country’s cement market “is going to grow significantly from an annualized rate of about €60 billion a year to about €90 billion,” he said, the AFR reported. Its shares have risen 79% in 2025.

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(Adds more fund manager stock picks starting with Third Point)

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