Skip to Content
scroll

Flagship Growth Portfolio

The Market Matters Flagship Growth Portfolio provides an active approach to investing in ASX listed large cap stocks – Click here to view

The MM Flagship Growth Portfolio slipped -4.4% last week versus a market that fell -5.8%, while our cash position remains at 1%. The positive relative performance last week was aided by ResMed (RMD) +2.7%, Xero (XRO) +2.1% and Aristocrat (ALL) +2.1% while on the other side of the ledger we saw Bank of Queensland (BOQ) -11.3%, Commonwealth Bank (CBA) -10.6% and Qantas (QAN) -9.2% all weigh.

We are now looking for a period of outperformance by the growth stocks i.e. tech will recover some of its lost ground compared to the resources and banks although the latter has already started to fall. Over recent days we have flagged WDS as a stock we are considering closing for a small profit as we consider tweaking our portfolio into EOFY, the biggest question is what do we feel comfortable buying in today’s environment if we close our 4.08% holding in WDS.

  • Housekeeping makes it easy to tweak our 4.92% position in BHP up to say 6% but we’re not keen to meaningfully increase our resources at this stage of the cycle.
  • Our preference is to add to our existing holdings which are correlated to the growth end of town and specifically we considered Altium (ALU), Aristocrat Leisure (ALL) and HUB24 (HUB).
Back to top