Why ACC is betting big on the NZX's forgotten small caps

ACC has more than $50 billion under management. (Image: ACC)

Thu, 06 Nov 2025

One deep-pocketed institutional investor is actively hunting bargains and takeover targets in the often-overlooked small end of the market – the Accident Compensation Corporation. It has about $180 million invested in stocks outside of the favoured NZX50 Index and is a regular on share registers for NZX small and micro-cap stocks, including Blackpearl and Paysauce.Portfolio manager Nick Dravitzki oversees investments valued at more than $1 billion, which includes the corporation’s (ACC) holdings of small-cap stocks. While...

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