The flagship Market Matters Portfolio provides an active approach to investing in ASX listed large cap stocks – Click here to view
The portfolio advanced +0.38% over the past week which is good result during the local markets minor -2.7% pullback while cash sits at ~5%. On the stock level we enjoyed strong performances by HUB24 (HUB) and NRW Holdings (NWH) while BHP Group (BHP) and Monadelphous (MND) prevented it from being a cracking week. We exited Lend Lease (LLC) and used the proceeds to buy Independence Group (IGO) & top up Santos (STO) into weakness.
With a relatively low cash level subscribers should expect any buying for this portfolio into / through September to be accompanied by selling i.e. a switch.
At this stage we are relatively happy with our portfolio mix but are also cognisant that this can often be when the most focus is required, we have 2 tweaks on our minds at present:
- Cut our MND position and switch part of the funds into OZ Minerals (OZL) increasing our exposure to the “reflation trade” in the process.
- Trim our booming position in Xero (XRO) 10-15% higher and potentially consider Appen (APX) as a recovery play but this will obviously depend on relative prices at the time.
