GCQ Fund Invests A$200M in SAP SE, Microsoft and Intuit After AI Selloff
Sydney-based GCQ Funds Management snapped up about A$200 million in beaten-down software stocks, including SAP SE, Microsoft and Intuit, after a hypothetical Citrini Research scenario sparked last week’s selloff. The firm also recorded A$50 million in net inflows in February and trimmed European luxury goods positions.
1. Bottom Call and Tech Purchases
Sydney-based GCQ Funds Management declared the software selloff bottomed after a Citrini Research hypothetical scenario shook markets, leading it to deploy about A$200 million into beaten-down names including SAP SE, Microsoft and Intuit.
2. Fund Inflows Drive Strategy
The A$2 billion fund attracted roughly A$50 million in net new inflows during February, prompting managers to capitalize on low valuations and reinforce positions in low-cost software stocks.
3. Portfolio Rebalancing Moves
To finance the software bets, GCQ trimmed holdings in top European luxury goods names and reinforced exposure to property portals such as Rightmove and Hemnet, even as the latter trades over 70% below its 2025 peak.