Significant insider control over Magnetic Resources implies vested interests in company growth
51% of the business is held by the top 8 shareholders
Past performance of a company along with ownership data serve to give a strong idea about prospects for a business
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To get a sense of who is truly in control of Magnetic Resources NL (ASX:MAU), it is important to understand the ownership structure of the business. We can see that individual insiders own the lion’s share in the company with 36% ownership. Put another way, the group faces the maximum upside potential (or downside risk).
So it follows, every decision made by insiders of Magnetic Resources regarding the company’s future would be crucial to them.
In the chart below, we zoom in on the different ownership groups of Magnetic Resources.
See our latest analysis for Magnetic Resources
ASX:MAU Ownership Breakdown December 7th 2025
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it’s included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
Institutions have a very small stake in Magnetic Resources. That indicates that the company is on the radar of some funds, but it isn’t particularly popular with professional investors at the moment. So if the company itself can improve over time, we may well see more institutional buyers in the future. It is not uncommon to see a big share price rise if multiple institutional investors are trying to buy into a stock at the same time. So check out the historic earnings trajectory, below, but keep in mind it’s the future that counts most.
ASX:MAU Earnings and Revenue Growth December 7th 2025
Hedge funds don’t have many shares in Magnetic Resources. Our data shows that Chimseng Oan is the largest shareholder with 12% of shares outstanding. Target Range Pty Ltd is the second largest shareholder owning 10% of common stock, and Hian Chan holds about 10% of the company stock. Hian Chan, who is the third-largest shareholder, also happens to hold the title of Member of the Board of Directors. Additionally, the company’s CEO George Sakalidis directly holds 2.7% of the total shares outstanding.
We did some more digging and found that 8 of the top shareholders account for roughly 51% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat.
While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock’s expected performance. There is some analyst coverage of the stock, but it could still become more well known, with time.
The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
It seems insiders own a significant proportion of Magnetic Resources NL. Insiders have a AU$131m stake in this AU$362m business. It is great to see insiders so invested in the business. It might be worth checking if those insiders have been buying recently.
With a 34% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Magnetic Resources. While this group can’t necessarily call the shots, it can certainly have a real influence on how the company is run.
It seems that Private Companies own 25%, of the Magnetic Resources stock. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it’s hard to draw any broad stroke conclusions, it is worth noting as an area for further research.
It’s always worth thinking about the different groups who own shares in a company. But to understand Magnetic Resources better, we need to consider many other factors. Take risks for example – Magnetic Resources has 1 warning sign we think you should be aware of.
Ultimately the future is most important. You can access this free report on analyst forecasts for the company.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
