DATE 18/2/2026 | Opportunities Fund: ENTRY ($) 2.3898 EXIT ($) 2.3755 | Long Short Fund: ENTRY ($) 2.1108 EXIT ($) 2.0982
QVG Capital

Opportunities Fund

Closed to New Investors
210.95% Total Return
14.43% Annualised
Sep 2017 Inception
Small Ords Benchmark

Performance net of fees, before tax. Past performance is not indicative of future results.

About the Fund

We founded QVG Capital with the aim of delivering strong absolute returns by investing in smaller Australian listed companies; a segment of the market we know well.

While returns can never be guaranteed, we have developed the QVG Opportunities Fund with the right building blocks to allow us the best possible opportunity to provide superior returns for our investors and ourselves.

This includes a singular focus on our core competency in small cap investing with an eye to liquidity and capacity management and a philosophy and process that has withstood the test of time.

Our goal is to deliver strong absolute returns to our investors while remaining aware of the risks inherent in the space in which we invest. We believe our alignment and incentives – via our personal investment in the fund, and the fee structure – are consistent with this goal.

The Fund typically invests in 20-40 small to mid-cap companies providing investors to a portfolio of emerging Australian growth companies.

Key Features

Investment Manager
QVG Capital Pty Ltd
Portfolio Managers
Tony Waters & Chris Prunty
Investment Style
Long-only smaller companies
Return Objective
Outperform S&P/ASX Small Ords over rolling 3yr periods
Stock Holdings
20 – 40 positions
Stock Limit
Less than 10% at cost
Investor Eligibility
Wholesale / Sophisticated only
Minimum Investment
$250,000
Liquidity
Daily pricing, applications & redemptions
Status
Closed to New Investors

Performance Chart

Growth of $100 since inception (September 1, 2017)

Chart shows hypothetical growth of $100 invested at fund inception. Past performance is not indicative of future results.

Net Performance History

Scroll horizontally to view all months
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec CYTD
2026 -3.97% -3.97%
2025 4.98% -4.05% -7.85% 2.03% 12.40% 3.83% 7.63% 10.70% 1.59% 1.05% -4.78% -1.85% 26.34%
2024 2.74% 3.54% 5.64% -4.08% 0.72% 1.49% 1.54% -1.08% 4.12% 3.17% 6.25% -4.15% 21.07%
2023 4.96% -2.96% -1.14% 3.54% -3.43% -0.63% 2.46% 7.34% -2.22% -6.35% 4.52% 4.43% 9.98%
2022 -11.29% -7.64% 11.50% -4.71% -11.04% -9.71% 13.49% 2.35% -8.90% 7.47% 2.54% -5.97% -23.33%
2021 1.08% 2.18% 0.70% 9.45% -3.22% 7.94% -0.11% 10.77% -1.82% 4.80% -2.99% 1.50% 33.31%
2020 4.15% -9.90% -29.00% 18.00% 12.86% -1.48% 4.50% 7.99% -2.40% 0.99% 3.84% 7.63% 8.67%
2019 5.13% 6.93% 2.39% 5.63% 1.19% 0.17% 4.92% 2.49% 4.18% -1.25% 1.37% -0.62% 37.35%
2018 3.68% 2.47% -0.11% 2.78% 8.08% 1.94% 3.66% 4.80% 2.99% -12.19% -1.09% -8.79% 6.51%
2017 3.40% 5.56% 2.56% 5.82% 18.46%

Interested in the Fund?

The QVG Opportunities Fund is currently closed to new investors. Join our waitlist or receive our monthly newsletter.

Contact Us

Important Information

Past performance is not indicative of future results. All performance data is net of management fees and expenses. The information provided on this page is for general information purposes only and does not constitute financial advice. Before making any investment decision, you should seek professional financial advice and consider your personal circumstances.

QVG Capital Pty Ltd (AFSL No. 507070, ABN 69 619 271 886) is the investment manager of the funds. An investment in the funds should only be considered by wholesale or sophisticated investors who can afford the loss of their entire investment and who understand the risks involved.