Emerging Companies Portfolio

For those seeking higher growth investments

About The Portfolio

The newest Market Matters Portfolio that searches for small & mid capitalisation emerging stocks (ex-100) that show strong underlying growth characteristics. This is a higher risk portfolio and investors should expect greater volatility in returns.

**Portfolio Performance** UPDATED 30/04/2025 17:00
Portfolio	1M	3M	1y	3y pa	5y pa	ITD PA*
EMERGING COMPANIES	-0.22%	-15.61%	-14.13%	-3.81%	3.33%	2.13%
SMALL ORDS ACCUMULATION	1.84%	-4.580%	3.73%	0.29%	7.73%	3.24%
VALUE ADD	(2.06%)	(11.03%)	(17.86%)	(4.10%)	(4.40%)	(1.11%)

* Inception date 31/01/2020

**Portfolio Holdings** 20 MINUTES DELAYED trade now
CODE	NAME	WEIGHT (%)	RISK	TERM	BUY DATE	BUY PRICE ($)	LAST PRICE ($)	DIVIDENDS ($)	DAILY CHANGE (%)	GAIN / LOSS (%)
A1M	AIC Mines	4	High	Medium	26/07/2024	0.35	0.34		-1.47	-2.86
ABB	Aussie Broadband	6	Moderate	Medium	25/11/2021	4.82	4.08	0.12	0.74	-12.86
ARB	ARB Corp	5	Moderate	Medium	19/02/2025	39.49	31.13		0.68	-21.17
CAT	Catapult Group	4	High	Medium	22/08/2023	1.43	5.26		2.33	267.83
CNI	Centuria Capital	4	Moderate	Long	9/11/2022	1.60	1.66	0.25	-2.65	19.38
CRN	Coronado Global Resources	3	High	Medium	26/07/2024	1.37	0.13	0.09	-7.41	-83.94
HMC	HMC Capital	5	Moderate	Long	11/02/2025	9.68	5.06	0.08	2.22	-46.90
HSN	Hanson Technologies	4	High	Medium	10/12/2024	5.41	5.14	0.06	-0.77	-3.88
JLG	Johns Lyng Group	4	High	Medium	26/07/2024	5.51	2.52	.04	3.28	-53.54
LTR	Liontown Resources	4	High	Medium	22/05/2024	1.44	0.63		3.31	-56.25
NCK	Nick Scali	4	Moderate	Medium	26/07/2024	14.90	19.07	0.43	0.63	30.87
NEC	Nine Entertainment	4	Moderate	Medium	9/11/2022	2.03	1.61	0.30	1.26	-5.91
PDN	Paladin Energy	4	High	Medium	27/02/2024	11.80	6.14		-4.95	-47.97
PNI	Pinnacle Investment Group	4	Moderate	Long	12/03/2025	17.85	20.07		1.88	12.44
PXA	PEXA Group	4	Moderate	Long	02/08/2023	12.45	12.76		-0.16	2.49
RUL	RPMGlobal Holdings	6	High	Medium	10/12/2024	3.05	3.10		1.97	1.64
RDY	ReadyTech	4	High	Long	22/03/2023	3.02	2.30		-0.86	-23.84
RPL	Regal Partners	4	Moderate	Medium	9/11/2022	2.89	2.14	0.34	0.47	-14.19
SDR	Siteminder	6	High	Medium	11/02/2025	5.80	4.62		1.32	-20.34
SLX	Silex Systems	3	High	Medium	22/03/2023	3.80	3.37		-5.34	-11.32
SRG	SRG Global	4	Moderate	Medium	22/03/2023	0.81	1.48	0.12	0.34	97.53
ZIP	Zip Co	4	High	Medium	21/05/2025	1.99	2.01		3.34	1.01

Portfolio cash position: 6%

**Recent Sales** UPDATED 31/03/2025 17:00 trade now
Company code	STOCK NAME	ACTIVITY	RISK	TIME HORIZON	EXIT DATE	ENTRY PRICE ($)	CLOSE PRICE ($)	DIVIDENDS ($)	GAIN / LOSS (%)
VAU	Vault Minerals	Sold 4% position	Moderate	Medium	31/03/2025	0.32	0.45		40.63
VAU	Vault Minerals	Trimmed 2%	Moderate	Medium	19/02/2025	0.32	0.4		25
BAP	Bapcor	Sold 5% position	Moderate	Medium	19/02/2025	6.27	4.67	0.51	-17.38
BWP	BWP Trust	Sold 4% position	Low	Medium	11/02/2025	3.75	3.42	0.18	-4
HLO	Helloworld Travel	Sold 4% position	Moderate	Medium	11/02/2025	2.19	2.03	0.07	-4.1
CXL	Calix	Sold 4% position	High	Long	11/02/2025	4.22	0.51		-87.9
ZIP	Zip Co	Sold 3% position	High	Medium	10/12/2024	1.77	2.88		62.71
ANG	Austin Engineering	Sold 3% position	High	Medium	10/12/2024	0.47	0.52		9.61
AD8	Audinate	Sold 6% position	Moderate	Medium	10/12/2024	12.92	7.83		-39.39
C79	Chrysos Corp	Sold 6% position	High	Medium	10/10/2024	6.41	5.39		-15.91
SRG	SRG Global	Trimmed 1%	Moderate	Medium	26/07/2024	0.69	0.925		34.05
SFR	Sandfire Resources	Sold 5% position	Moderate	Low	26/07/2024	6.26	8.32		32.91
ANG	Austin Engineering	Trimmed 1%	High	Medium	26/07/2024	0.47	0.64		36.2
PXA	PEXA Group	Trimmed 1%	Moderate	Long	26/07/2024	12.45	13.77		10.6
EML	EML Payments	Sold 4% position	High	Medium	26/07/2024	3.36	0.905		-73.06
BCB	Bowen Coking Coal	Sold 4% position	High	Medium	26/07/2024	0.295	0.044		-85.08
SLX	Silex Systems	Trimmed 1%	High	Medium	22/05/2024	3.8	6.53		71.84
SFR	Sandfire Resources	Trimmed 1%	Moderate	Long	22/05/2024	6.26	9.94		58.79
SRG	SRG Global	Trimmed 1%	Moderate	Medium	22/05/2024	0.69	0.9	0.06	39.13
CNI	Centuria Capital	Trimmed 2%	Moderate	Long	22/05/2024	1.6	1.77	0.14	19.38
FCL	Fineos	Sold 4% position	High	Medium	22/05/2024	2.51	1.65		-34.26
GL1	Global Lithium	Sold 4% position	High	Long	22/05/2024	2.55	0.37		-85.49
ABB	Aussie Broadband	Trimmed 2%	Moderate	Medium	27/02/2024	4.82	4.61		-4.36
PDN	Paladin	Sold 4% position	High	Long	15/01/2024	0.75	1.31		74.67
PDN	Paladin	Trimmed 2%	High	Long	11/01/2024	0.75	1.17		56
PMV	Premier Investments	Sold 4% position	Moderate	Medium	11/01/2024	24.78	26.89	2.99	20.58
PPS	Praemium	Sold 4% position	Moderate	Long	11/01/2024	0.765	0.39	0.07	-39.87
AD8	Audinate	Trimmed 1.5%	Moderate	Medium	20/11/2023	8.94	15.04		68.23
LYC	Lynas Rare Earths Ltd	Sold 4% position	High	Medium	20/11/2023	8.6	6.77		-21.28
AD8	Audinate	Trimmed 2%	Moderate	Medium	22/08/2023	8.43	12.06		43.06
BAP	Bapcor	Trimmed 1%	Moderate	Medium	22/08/2023	6.78	6.56	0.46	3.54
CAJ	Capitol Health	Sold 5% position	Moderate	Medium	22/08/2023	0.4	0.23	0.04	-32.5
SBM	St Barbara	Sold 4% position	Moderate	Medium	05/07/2023	0.935	0.545		-41.71
SFR	Sandfire Resources	Sold 4% position	High	Medium	20/04/2023	3.93	6.95		76.84
NXT	NEXTDC	Sold 4% position	High	Short	13/04/2023	8.67	12.13		39.91
SHV	Select Harvests	Sold 4% position	Moderate	Medium	22/03/2023	6.39	4.08		-36.15
PNI	Pinnacle Investment Management	Sold 6% position	Moderate	Medium	01/02/2023	9.58	9.9	0.25	5.95
SFR	Sandfire Resources	Trimmed 2%	High	Medium	8/12/2022	3.87	5.38		39
ASB	Austal Ltd	Sold 4% position	Moderate	Medium	8/12/2022	3.3	2.14	0.3	-26.06
STA	Strandline Resources	Sold 3% position	High	Medium	9/11/2022	0.25	0.41		64
PLS	Pilbara Minerals	Sold 4% position	High	Medium	9/11/2022	2.69	5.53		105.58
LOV	Lovisa Holdings	Sold 4% position	Moderate	Medium	9/11/2022	15.48	24.01	0.41	57.75

OPINION
ACTION

Opinions for stocks held in the Emerging Companies Portfolio

27/05/2025 09:40

Paladin Energy (PDN) $6.31

Monday saw the Australian uranium miners latch onto Trumps very bullish rhetoric towards nuclear energy, as he looks to accelerate the construction of nuclear power plants. At MM, we’ve steadfastly stuck with our positive outlook towards the uranium sector, which has paid off with our international holdings, but local names have endured a shocking year.

21/05/2025 17:35

Catapult Group International (CAT) $4.89

CAT +13.72%: A strong day for the sports analytics company that we recently covered (here), with records across the board, but more importantly, their operating metrics are benefiting from scale.

21/05/2025 17:26

Catapult Sports International (CAT) $4.89

CAT +13.72%: A strong day for the sports analytics company that we recently covered (here), with records across the board, but more importantly, their operating metrics are benefiting from scale i.e. the fly wheel is working.

21/05/2025 09:55

Emerging Companies Portfolio – Amendments

We are making changes to the Emerging Companies Portfolio

20/05/2025 09:28

PEXA Group Ltd (PXA) $12.59 & Mirvac (MGR) $2.25

MGR is up +20% YTD, and while we believe its advance is mature with rate cuts and a healthy property market built into its share price, its 4.7% yield remains supportive—its next dividend is paid in June. Conversely, PXA is down ~4% YTD.

14/05/2025 09:27

Catapult Group International (CAT) $4.37

UBS initiated coverage on the sports analytics company yesterday, with a buy rating and $5.00 12-month price target, implying ~15% upside from yesterday's close.

13/05/2025 09:24

Paladin Energy Ltd (PDN) $6.50

PDN has struggled operationally over the last year, but it delivered better performance in their Q3 update; we can see the miner beating expectations and producing ~2.8 million lbs of uranium in FY25.

12/05/2025 17:32

Pexa Group (PXA) $11.67

PXA -1.19%: Posted mixed 3rd quarter results showing continued market dominance and growth in Australia but slightly weaker figures in the UK.

08/05/2025 09:19

Boss Energy (BOE) or Paladin Energy (PDN)

As subscribers know, we remain bullish on the uranium thematic, but it's been a painful journey for most of the sector in 2025, except BOE, which has bounced strongly.

07/05/2025 09:25

SiteMinder (SDR) $3.78

Travel stocks are feeling the pinch. We’ve recently seen downgraded guidance from Flight Centre (FLT) and Corporate Travel (CTD) locally, while it’s been more of a mixed picture overseas with Booking.com and Airbnb highlighting stable leisure demand trends overall, but they called out some weakness in the US, particularly from travellers coming from Canada and Europe – an understandable trend given anti-America sentiment stemming from the absurd tariff situation being worked through.