We are taking profit on our 5% holding in Altium (ALU) as it hit our ~$50 initial target. While we like the trajectory of the business, we are migrating down the risk curve in this portfolio.
MM are selling ALU in the Active Growth Portfolio, taking profit around $49.35
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We are stepping up and adding Orora (ORA) to the Growth Portfolio, nice defensive earnings with some growth. We already hold ORA in the Income Portfolio.
MM are buying ORA in the Active Growth Portfolio, allocating 5% around $2.74
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We are taking profit on our 6% holding in Macquarie Group (MQG), a move aligned with our strategy to reduce risk into new highs. MQG is a market linked, higher beta exposure.
MM are selling MQG in the Active Growth Portfolio, taking profit around $188
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