The Market Matters International Equities Portfolio is a high-conviction direct international equities portfolio that targets well-known global brands – Click here to view
A largely flat week for the portfolio (+0.17%) after a tough recent run – FY26 to date returns are down to +14%, off ~10% from recent highs. Peabody Energy (BTU) +7.1% was the standout, supported by Freeport McMoRan (FCX US) +3.6%, YETI Holdings (YETI US) +3.4% and Ashland (ASH US) +3.1%. Alibaba (BABA US) -5.1% the weakest link, Spotify (SPOT US) -4.6% and Barrick Mining (B US) -4.4% also weighed on returns.
We made several changes to the portfolio overnight: Trimming Peabody Energy (BTU) after a strong run, buying IREN (IREN US) covered this morning, while we added to existing positions in Blackstone (BX US), Barrick Mining (B US), UBS Group (UBS US) and Freeport McMoRan (FCX). Cash drops to ~15%.
International Equities Portfolio Hitlist: Brunswick (BC US), Caterpillar (CAT US) & Nike (NKE US).
