According to an article in the AFR high-net-wealth investors were buying Credit Corp amongst a list of others companies on Monday, the worst trading day this week. I didn’t buy any shares on Monday. However, what’s odd is that Credit Corp shares fell further yesterday (10/03/2026) to a low of $11.10 when the market was mostly in the green. I don’t know if the super wealthy were out buying again, but I thought this was a great opportunity to accumulate more Credit Corp given the current outlook for the economy, the stock going ex-dividend (32cps) next Tuesday (17/03/2026), and management maintaining FY26 guidance. I will continue adding more Credit Corp on weakness prior to going ex-dividend. It’s now trading on 7 times FY26 EPS guidance.
Disc: Held and accumulating IRL and SM
Here’s the AFR Article https://www.afr.com/markets/equity-markets/the-stocks-the-wealthy-bought-and-sold-in-monday-s-crash-20260309-p5o8r8
High-net-worth investors – those who have $5 million or more invested in the sharemarket – snapped up stocks in Credit Corp, DroneShield and a broadly diversified Vanguard exchange-traded fund as the market plunged on Monday.
The trades were revealed in data collected by Bell Direct Advantage, a trading platform restricted to people with a share portfolio worth at least $5 million, a margin loan balance of $500,000 or who spend $5000 a year on brokerage.
“It’s probably that buy-the-dip mentality that we tend to see with the high-net-worths,” said Bell Potter investment strategist Rob Crookston. “They’re happy to do that, and normally pretty quickly.”
They dumped Zip, Woolworths, Coronado Resources and 4DMedical – the last three of which had risen strongly in the month before Monday.
There was also a lot of selling in Magellan Global Fund – an actively managed exchange-traded fund that holds 28 of the world’s most prominent companies including Amazon, Microsoft, Nestle and Mastercard – as well as in Pro Medicus, CSL and WiseTech Global, but those trades were matched by large buy orders.
Monday’s trades had a few changes from the first week of the war, when high-net-worth investors snapped up shares in Woodside and beaten software-as-a-service companies, said Crookston.
“There’s diversification in buying an oil hedge and buying the dip in some blue-chip names,” he said.
The top 10 buys of Monday, when the market had its worst day since Donald Trump announced the “liberation day” tariffs with a plunge of 2.9 per cent were:
◆ Credit Corp, CSL, Magellan Global Growth ETF, DroneShield, Betashares high-interest cash ETF, Vanguard diversified global growth ETF, Pro Medicus, WiseTech, Betashares US Equities Strong Bear ETF and Nick Scali.
