Benjamin Hornigold

What Benjamin Hornigold does

Benjamin Hornigold Limited (ASX: BHD) is an Australian-listed investment company headquartered in Sydney that seeks to increase the value of its portfolio by allocating capital to listed investments in which it has the highest conviction, providing investors with exposure to both global and domestic listed investment opportunities. The company does not operate a software platform or technology product; rather, its core activity is portfolio management delivered through an outsourced investment team at John Bridgeman Limited, comprising derivatives and equities specialists with expertise in Australian and global markets. Day-to-day portfolio decisions are anchored by Chief Investment Officer Michael Glennon, who is also a portfolio manager at Glennon Capital Pty Ltd and a long-tenured Australian small-cap specialist.

The business is operated through a lean corporate structure of 1–10 employees, overseen by a three-person board (Michael Glennon as Non-Executive Chairman and Company Secretary, Sulieman Ravell and Gary Miller as Non-Executive Directors), with share registry services provided by Link Market Services. The company has no disclosed pricing model, fee schedule, or revenue stream visible in the input data; its investor interface is limited to ASX share trading (ordinary shares under BHD and formerly listed options under BHDO, which expired 28 April 2020) and a basic investor relations website. There are no disclosed enterprise customers, no management fee disclosures, and no marketing or sales motion beyond standard ASX-listed company communications and an email subscription service for announcements. The company appears to function primarily as a publicly tradable investment vehicle for retail and institutional shareholders seeking exposure to a high-conviction, externally managed portfolio of listed securities.

Name

Benjamin Hornigold

Legal name

Benjamin Hornigold Limited

Website

https://bhdlimited.com.au

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Benjamin Hornigold Limited (ASX: BHD) is a Sydney-based, ASX-listed investment company that allocates capital to global and domestic listed investments via an outsourced team, serving retail and institutional shareholders seeking liquid exposure to a high-conviction portfolio.

Ownership category

akta.pro rank

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Distribution channels1 record

Marketing channels1 record

Core offering

Benjamin Hornigold Limited (ASX: BHD) is an ASX-listed investment company that seeks to increase portfolio value by allocating capital to listed investments it has the highest conviction in, providing investors with exposure to global and domestic investment opportunities in listed securities. The investment team operates through John Bridgeman Limited and is supported by CIO expertise from Glennon Capital Pty Ltd. The company distributes ordinary shares and listed options on the ASX as investor vehicles.

Product overview

Benjamin Hornigold Limited (ASX: BHD) is an investment company that allocates capital to listed investments in global and domestic markets. The company does not offer a unified software product or platform but rather provides investment management services through its investment team. The company has listed ordinary shares (ASX: BHD) and listed options (ASX: BHDO).

Differentiator

Problem solved

Functional benefit

Segments1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Link Market ServicescoreOthersAppointed as the company's share registry provider. Maintains the share register, provides online investor services including holding value checks, transaction history, address updates, proxy voting, and general shareholder inquiries.

Scale indicators1 record

Recent moves5 records

Expansion highlights1 record

Broad incumbents

• Perpetual Limited: ASX-listed diversified financial services group (ASX: PPT) including active equities and multi-asset funds management — a broader incumbent competing for the same retail/institutional investor wallet as BHD.
• Magellan Financial Group: Larger ASX-listed global investment manager (ASX: MFG) with concentrated global equities strategies — operates in the same active listed-equities management category as BHD but at materially greater scale.
• Platinum Asset Management: ASX-listed active investment manager (ASX: PTM) running global listed equities mandates with a valuation-driven concentrated approach — broader incumbent in BHD's competitive set.

Direct peers

• BKI Investment Company: ASX-listed investment company (ASX: BKI) focused on long-term dividend yield from Australian listed equities — comparable ASX LIC structure serving retail and institutional investors.
• WAM Capital: ASX-listed investment company (ASX: WAM) managed by Wilson Asset Management using a concentrated small-cap long/short strategy — closely parallels BHD's concentrated listed-equities mandate and derivatives capability.
• Hearts and Minds Investments: ASX-listed concentrated investment company (ASX: HM1) built around high-conviction best ideas selected by a panel of leading Australian fund managers — a structural analogue to BHD's concentrated approach.
• WAM Leaders: ASX-listed investment company (ASX: WLE) run by Wilson Asset Management with a concentrated 'best ideas' approach in Australian listed equities — directly comparable to BHD's highest-conviction allocation strategy.
• Australian Foundation Investment Company (AFIC): One of the largest and longest-running ASX-listed investment companies (ASX: AFI), investing predominantly in Australian listed equities — the benchmark Australian LIC against which BHD is directly compared.
• Milton Corporation: ASX-listed investment company (ASX: MLT) holding a diversified portfolio of Australian and global listed investments — closely matches BHD's listed-equities wrapper and capital-allocation model.
• Argo Investments: ASX-listed investment company (ASX: ARG) with a diversified Australian/global listed equities mandate — directly comparable as another ASX LIC providing liquid professional capital allocation.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/benjamin-hornigold-ltd

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Benjamin Hornigold