The Market Matters Flagship Growth Portfolio provides an active approach to investing in ASX listed large cap stocks – Click here to view
The MM Growth Portfolio rallied 0.64% last week outperforming the market which only edged 0.2% higher, our cash positions sits at 2% i.e. we’re still long and bullish. We enjoyed strong performances from a mix of stocks although energy was front and centre i.e. BHP Group (BHP) +4.59%, Santos (STO) +4.9% and ResMed (RMD) +5.73% conversely we saw a drag from a mix of holdings e.g. Xero (XRO) -4.23%, Goodman Group (GMG) -3.2% and Qantas (QAN) -2.52%.
Today we have focused on BHP Group (BHP) our largest holding at MM as it heads towards its unification day on the 31st i.e. MM has 9% in our Growth Portfolio, 8% in our Income Portfolio & 6% of our International Portfolio in the “Big Australian”.