Active Growth Portfolio

For those seeking an active approach to investing in large cap ASX stocks

About The Portfolio

The Market Matters Active Growth Portfolio provides an active exposure to Australian large-cap shares, aiming for reduced volatility. Returns will be achieved through a combination of capital appreciation and income with an overall objective of outperformance of the S&P/ASX 200 Accumulation Index over the medium term (3 years).

**Portfolio Performance** UPDATED 31/03/2026 17:00
Portfolio	1m	6m	1y	3y pa	5y pa	ITD pa	Total
ACTIVE GROWTH	-7.92%	-1.57%	13.09%	8.00%	9.59%	12.32%	221.4%
ASX 200 ACCUMULATION	-7.15%	-2.61%	11.67%	9.54%	8.63%	8.63%	136.5%
VALUE ADD	(0.77%)	+1.04%	+1.42%	(1.54%)	+0.96%	+3.31%	+84.90%

* Inception date 10/05/2016

**Portfolio Holdings** 20 MINUTES DELAYED trade now
CODE	NAME	WEIGHT (%)	RISK	TERM	BUY DATE	BUY PRICE ($)	LAST PRICE ($)	DIVIDENDS ($)	DAILY CHANGE (%)	GAIN / LOSS (%)
AMC	Amcor	4	Moderate	Long	06/02/2026	69.24	57.22	0.93	0.74	-16.02
ANZ	ANZ Bank	6	Moderate	Long	08/02/2023	25.29	38.22	6.56	-0.62	77.07
APA	APA Group	4	Moderate	Medium	12/12/2024	7.38	9.77	0.54	-1.91	39.70
BHP	BHP Group	8.5	Moderate	Long	27/08/2019	39.06	56.11	11.61	0.02	73.37
EVN	Evolution Mining	4	High	Medium	19/01/2026	12.24	14.45		9.55	18.06
GMG	Goodman Group	5	Moderate	Medium	21/02/2025	34.16	28.40	0.30	1.25	-15.98
GQG	GQG Partners	5	Moderate	Medium	08/08/2025	1.75	1.70	0.07	0.00	1.14
JBH	JB Hi Fi	5	Moderate	Medium	26/02/2026	81.25	74.34	3.00	1.13	-4.81
JHX	James Hardie Industries	5	High	Medium	12/12/2024	51.22	29.25		-0.41	-42.89
LNW	Light & Wonder	4	High	Medium	11/12/2025	143.35	123.06		0.24	-14.15
MGR	Mirvac	4	Moderate	Medium	10/03/2026	1.875	1.75		0.29	-6.67
PDN	Paladin Energy	4	High	Medium	06/06/2024	11.20	13.79		4.47	23.13
QBE	QBE Insurance	4	High	Medium	06/02/2026	20.11	22.87	0.88	0.18	18.10
RMD	Resmed	4	Moderate	Medium	26/02/2026	35.53	32.70		1.52	-7.97
SFR	Sandfire Resources	4	High	Medium	07/04/2025	8.90	18.11		3.19	103.48
WBC	Westpac	5	Moderate	Medium	21/02/2025	31.08	40.69	2.19	-1.90	37.97
WHC	Whitehaven Coal	4	High	Medium	15/11/2022	8.18	8.50	1.85	-0.12	26.53
WOR	Worley	5	High	Medium	08/05/2023	15.66	11.54	1.20	-2.12	-18.65
WTC	WiseTech Global	5	High	Medium	20/05/2025	75.52	39.96	0.16	3.63	-46.88
XRO	Xero	5	Moderate	Medium	18/07/2025	140.93	75.10		2.62	-46.71

Portfolio cash position: 5.5%

**Recent Sales** UPDATED 21/01/2026 17:00 trade now
Company code	STOCK NAME	ACTIVITY	RISK	TIME HORIZON	EXIT DATE	ENTRY PRICE ($)	CLOSE PRICE ($)	DIVIDENDS ($)	GAIN / LOSS (%)
NEM	Newmont Corp	Sold 3% position	High	MEdium	03/03/2026	118.51	182.05	0.27	53.8
SUL	Super Retail Group	Sold 4% position	Moderate	Medium	26/02/2026	15.2	14.01	1.37	1.2
CSL	CSL Limited	Sold 5% position	Moderate	Medium	26/02/2026	239.65	145.18	2.48	-38.4
HUB	HUB24	Sold 4% position	Moderate	Medium	06/02/2026	71.36	83.59	0.73	18.2
CAR	CAR Group	Sold 4% position	High	Long	05/02/2026	33.31	25.64		-23
MIN	Mineral Resources	Sold 3% position	High	Long	21/01/2026	44.12	60.44	0.25	37.6
NSR	National Storage	Sold 5% position	Moderate	Long	11/12/2025	2.22	2.79	0.22	35.6
MIN	Mineral Resources	Trimmed 1%	High	Long	14/11/2025	44.12	50.47	0.34	15.2
MGR	Mirvac Group	Sold 5% position	High	Long	30/10/2025	2.08	2.3	0.09	14.9
EVN	Evolution Mining	Sold 4% position	High	Long	16/09/2025	8.15	9.44	0.19	18.2
CAR	CAR Group	Sold 4% position	Moderate	Medium	20/03/2025	34.45	37.54	0.47	10.3
HUB	HUB24	Trimmed 1%	Moderate	Medium	09/07/2025	71.36	95.68	0.34	34.6
XRO	Xero	Sold 4% position	Moderate	Long	18/06/2025	101.29	193.5		91
SFR	Sandfire Resources	Trimmed 1%	High	Medium	18/06/2025	8.32	11.68		40.4
ALL	Aristocrat Leisure	Sold 5% position	High	Long	20/05/2025	65.13	62.55		-4
ILU	Iluka Resources	Sold 4% position	High	Medium	20/05/2025	6.02	3.85	0.06	-35
BHP	BHP Group	Trimmed 2%	Moderate	Long	07/04/2025	39.63	34.31	11.18	14.8
NXT	NEXTDC	Sold 5% position	Moderate	Medium	02/04/2025	17.06	11.39		-33.2
EVN	Evolution Mining	Sold 3% position	High	Long	31/03/2025	2.94	7.1	0.25	150
SFR	Sandfire Resources	Sold 4% position	High	Medium	28/03/2025	6.44	10.85		68.5
TWE	Treasury Wine Estates	Sold 5% position	High	Medium	12/03/2025	13.6	9.8	1.23	-18.89
CSL	CSL Limited	Sold 6% position	Moderate	Medium	24/02/2025	277	259.25	2.2	-5.61
HLS	Healius	Sold 4% position	High	Medium	24/02/2025	1.72	1.29		-25
AGL	AGL Energy	Sold 4% position	Moderate	Medium	12/12/2024	10.22	10.79	0.35	9
S32	South32	Sold 4% position	Moderate	Medium	12/12/2024	3.28	3.46	0.07	7.6
MFG	Magellan Financial Group	Sold 4% position	Moderate	Medium	06/12/2024	9.15	11.22	0.43	27.3
CAR	CAR Group (CAR)	Sold 4% position	Moderate	Medium	06/12/2024	33.13	40.1	0.47	22.5
GPT	GPT Group	Sold 4% position	Moderate	Medium	07/11/2024	4.66	4.45		-4.5
SFR	Sandfire Resources	Trimmed 1%	Moderate	Medium	30/10/2024	6.44	10.31		60.1
S32	South32	Trimmed 1%	Moderate	Medium	30/10/2024	3.28	3.71	0.07	15.2
EVN	Evolution Mining	Trimmed 1%	Moderate	Medium	20/08/2024	2.94	4.26	0.08	47.6
JBH	JB Hi-Fi (JBH)	Sold 4% position	Moderate	Medium	13/08/2024	56.8	75.44		32.82
NAB	Nation Australia Bank	Sold 6% position	Moderate	Medium	05/08/2024	30.33	35.06	3.59	27.43
GMG	Goodman Group	Sold 3% position	High	Medium	01/08/2024	21.15	36.44	0.36	73.99
RHC	Ramsay Healthcare	Sold 5% position	Moderate	Long	17/07/2024	68.86	47.25	0.93	-30.03
GMG	Goodman Group	Trimmed 1%	High	Medium	12/07/2024	21.15	35.58	0.36	69.92
XRO	Xero	Trimmed 1%	Moderate	Long	12/07/2024	101.29	140.35		38.56
PLS	Pilbara Minerals	Sold 4% position	High	Medium	12/06/2024	3.48	3.44		-1.15
CTD	Corporate Travel	Sold 4% position	Moderate	Medium	30/05/2024	16.46	13.06		-20.66
ILU	Iluka	Sold 4% position	High	Medium	10/05/2024	7.2	7.68	0.06	7.5
RMD	ResMed	Sold 5% position	Moderate	Medium	19/04/2024	33.23	27.92	0.39	-14.81
EVN	Evolution Mining	Trimmed 1%	Moderate	Medium	5/04/2024	2.94	3.85	0.016	31.5
PDN	Paladin Energy	Sold 4% position	High	Medium	5/04/2024	1.18	1.42		20.33
ORA	Orora		Moderate	Medium	3/04/2024	2.8	2.24	0.05	-18.21
LLC	Lendlease	Sold 5% position	High	Medium	6/03/2024	7.2	6.18		-14.14
ALU	Altium	Sold 5% position	High	Medium	31/01/2024	42.53	49.27		15.85
MQG	Macquarie Group	Sold 6% position	Moderate	Medium	31/01/2024	177.99	189.41	13.29	13.88
NST	Northern Star	Sold 5% position	High	Medium	18/01/2024	11.14	12.16	0.16	10.59
PDN	Paladin	Trimmed 3%	High	Medium	15/01/2024	0.83	1.31		57.83
MFG	Magellan Financial Group	Sold 4% position	High	Medium	08/01/2024	9.22	9.09	0.93	8.68
WDS	Woodside	Sold 4% position	Moderate	Medium	24/10/2023	35.66	35.23	1.78	3.79
CWY	Cleanaway Waste Management	Sold 5% position	High	Medium	05/10/2023	2.69	2.34	0.02	-12.27
NCM	Newcrest Mining	Sold 5% position	Moderate	Medium	25/08/2023	29.35	25.42	2.52	-4.8
ELD	Elders	Sold 3% position	High	Medium	25/08/2023	7.11	6.47		-9
SEK	Seek	Sold 3% position	High	Medium	17/08/2023	24.29	23.35	0.34	-2.47
GMG	GMG	Sold 5% position	Moderate	Medium	11/08/2023	23.43	20.17	0.3	-12.63
ILU	Iluka	Sold 5% position	Moderate	Medium	21/06/2023	10.74	11.66	0.64	14.53
JHX	James Hardie	Sold 4% position	High	Medium	21/06/2023	31.2	39.89		27.85
CSL	CSL Limited	Sold 4% position	Moderate	Medium	15/06/2023	260.92	279.41	3.82	8.55
JHX	James Hardie	Trimmed 1%	High	Medium	26/05/2023	31.2	37.83		21.25
XRO	Xero	Trimmed 2%	High	Long	22/05/2023	92.85	108.79		17.16
WDS	Woodside	Sold 3% position	Moderate	Medium	08/05/2023	30.23	34.05	5.28	30.1
IGO	Independence Group	Sold 3% position	Moderate	Medium	28/04/2023	10.66	13.61	0.27	30.21
SFR	Sandfire Resources	Sold 3% position	High	Medium	20/04/2023	4.1	6.93		69.02
CSL	CSL Ltd	Trimmed 2%	Moderate	Medium	20/04/2023	260.92	300.94	3.82	16.8
REA	REA Group	Sold 2% position	High	Medium	20/04/2023	120.42	140.69	1.07	17.72
ALU	Altium	Sold 5% position	High	Medium	12/04/2023	28.8	37.65	1.08	34.48

OPINION
ACTION

Opinions for stocks held in the Growth Portfolio

14/04/2026 09:42

Shawn’s Trade Idea: Buy Xero Ltd (ASX:XRO) at $76.00

We are cancelling yesterdays unfilled bids in PME and WTC and instead looking to “pay up” for Xero in what’s likely to be a strong opening. With an initial target of ~$90 we are keen to get set this morning.

14/04/2026 09:39

QBE Insurance Group (ASX:QBE) $22.59

QBE is one of the most compelling AI cost-reduction stories on the ASX, and we believe the February selloff that punished it on disruption fears missed the point entirely. As a global insurer processing millions of claims annually across more than 20 countries, QBE's cost base is dominated by exactly the kind of high-volume, rules-based work that AI is purpose-built to transform: claims assessment, underwriting, fraud detection, and customer triage. AI-powered claims automation could dramatically cut manual handling costs, particularly after natural catastrophes when volumes spike.

08/04/2026 09:53

BHP Group Ltd (ASX:BHP) $52.92

31/03/2026 09:41

Whitehaven Coal Ltd (WHC) $9.84

WHC has advanced +26% so far in 2026, taking it back toward its 2022 $11 high. The company delivered a solid result in February Here, but we are conscious that the stock is now approaching our medium-term target price as the war creates renewed interest in the sector. With cash generation and buybacks helping underpin the stock, and earnings highly leveraged to rising coal prices, there’s nothing not to like at present; however, as we all know, commodities are cyclical, and when they look their best, it can be time to trim.

31/03/2026 09:38

Paladin Energy Ltd (PDN) $11.20

PDN recently delivered a solid result discussed in detail Here. The uranium sector is not for the faint hearted but we are bullish and believe investors can continue to adopt a buy the dip, trim the strength approach towards PDN. This week we heard that PDN is optimistic that its Langer Heinrich uranium mine in Namibia will reach full capacity by June, just as a supply gap opens.

30/03/2026 09:15

Shawn’s Trade Idea: Buy Xero Ltd (XRO) at $70.11 with stops at $64.88

We also traded XRO recently, back in late 2025, being stopped out above $114 for a small profit. In line with our view towards the software sector, second time lucky!

26/03/2026 09:25

JB Hi-Fi Ltd (JBH) $75.59

We covered JBH after their 1H result last month Here. While we admire JBH as a business we remained on the sidelines during its “certainty trade” blow off top around $120 and during most of its subsequent 40% pullback, but we believe the stock now looks appealing from a risk/reward perspective, finally trading back around its long term average valuation, and ~20% below its 2-year average. This is a great example of how stocks go in and out of favour while nothing operationally changes while in this case an economic slowdown and higher interest rates already look priced in.

25/03/2026 09:39

Where is value (and resilience) in the MM Income Portfolio?

The Active Income Strategy continues to do what it’s designed to do, deliver high, consistent income with capital growth over time, while cushioning volatility when markets get tougher – as they are currently.

25/03/2026 09:37

APA Group (APA) $9.54

So far in what's been an extremely eventful March, the ASX200 is down -8.9%, yet APA Group (APA) is up +3.7%, Telstra (TLS) +3.1%, while the local 3s have popped more than the equivalent of two rate hikes to 4.73%. Typically, when bond yields rise and expectations for RBA hikes increase, rate-sensitive stocks come under pressure.

24/03/2026 10:02