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 30/11/2025 17:00
Portfolio	1M	3M	6M	1y	3y pa	5y pa	ITD PA*
EMERGING COMPANIES	-2.04%	5.28%	24.35%	18.21%	11.99%	4.23%	8.78%
SMALL ORDS ACCUMULATION	-1.48%	3.84%	16.73%	19.43%	11.49%	7.13%	6.69%
VALUE ADD	(0.56%)	+1.44%	+7.62%	(1.22%)	+0.50%	(2.90%)	+2.09%

* 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	0.56		0.00	60.00
ABB	Aussie Broadband	6	Moderate	Medium	25/11/2021	4.82	5.02	0.15	-0.40	7.26
ARB	ARB Corp	5	Moderate	Medium	19/02/2025	39.49	31.84	0.71	-0.25	-17.57
BGL	Bellevue Gold	4	High	Medium	31/10/2024	1.18	1.72		0.29	45.76
CAT	Catapult Group	4	High	Medium	22/08/2023	1.43	4.32		-0.23	202.10
CNI	Centuria Capital	4	Moderate	Long	9/11/2022	1.60	2.07	0.30	-2.36	48.13
HMC	HMC Capital	4	Moderate	Long	11/02/2025	5.55	3.96	0.08	4.76	-27.21
HSN	Hanson Technologies	4	High	Medium	10/12/2024	5.41	5.29	0.12	-2.22	0.00
LNW	Light & Wonder	4	High	Medium	26/11/2025	142.71	158.00		0.34	10.71
LTR	Liontown Resources	4	High	Medium	22/05/2024	1.44	1.67		4.70	15.97
NCK	Nick Scali	4	Moderate	Medium	26/07/2024	14.90	24.04	0.90	0.54	67.38
NEC	Nine Entertainment	4	Moderate	Medium	9/11/2022	2.03	1.14	1.05	0.44	7.88
NXG	NexGen Energy	4	High	Long	26/11/2025	12.72	14.21		0.57	11.71
PNI	Pinnacle Investment Group	4	Moderate	Long	12/03/2025	17.85	17.45	0.37	0.35	-0.17
PXA	PEXA Group	4	Moderate	Long	02/08/2023	12.45	13.65		-1.09	9.64
RDY	ReadyTech	4	High	Long	22/03/2023	3.02	2.49		0.00	-17.55
RPL	Regal Partners	4	Moderate	Medium	9/11/2022	2.89	3.24	0.42	-0.31	26.64
SDR	Siteminder	6	High	Medium	11/02/2025	5.80	6.30		0.16	8.62
SLX	Silex Systems	3	High	Medium	22/03/2023	3.80	8.62		-2.05	126.84
ZIP	Zip Co	4	High	Medium	21/05/2025	1.99	3.25		-1.81	63.32
360	Life360	4	High	Long	26/11/2025	40.16	33.22		-1.57	-17.28

Portfolio cash position: 12%

**Recent Sales** UPDATED 26/11/2025 17:00 trade now
Company code	STOCK NAME	ACTIVITY	RISK	TIME HORIZON	EXIT DATE	ENTRY PRICE ($)	CLOSE PRICE ($)	DIVIDENDS ($)	GAIN / LOSS (%)
RUL	RPMGlobal Holdings	Sold 6% position	High	Medium	27/11/2025	3.05	4.91		61
PDN	Paladin Energy	Sold 4% position	High	Long	27/11/2025	9.62	7.96		-17.25
JLG	Johns Lyng Group	Sold 4% position	High	Medium	24/10/2025	5.51	4	0.04	-26.68
SRG	SRG Global	Sold 4% position	Moderate	Medium	18/06/2025	0.81	1.55	0.12	86
CRN	Coronado Resources	Sold 3% position	High	Medium	18/06/2025	1.37	0.145	0.09	-82
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

22/12/2025 16:42

Nick Scali (NCK) $23.25

NCK +9.9%: The furniture and homewares retailer upgraded its first-half earnings outlook, lifting 1H net profit guidance to $37–39mn from $33–35mn, reflecting stronger-than-expected trading across Australia and New Zealand. The company now expects 1H ANZ revenue growth of 10–12% YoY, comfortably ahead of its prior 7–9% target — a signal that order momentum remains robust despite a softer retail backdrop.

17/12/2025 09:43

Hansen Technologies (HSN) $5.27

We continue to own Hansen Technologies (HSN) in the Emerging Companies Portfolio, and in line with recent selling in tech, the share price has been under pressure since peaking at $6.49 in September, now down nearly 20%. As a refresher, HSN develops and licenses billing & customer management software for utilities (energy, water) and telcos.

15/12/2025 09:32

Shawn’s Trade Idea: Buy Catapult Sports Ltd (CAT) limit $4.04

We have reiterated this “Trade Idea” this morning as still very much open after some subscribers questioned its accuracy when CAT traded above $4.70 last week.

15/12/2025 09:30

Shawn’s Trade Idea: Buy Life360 Inc (360) on a “Bounce”

We are looking for a reversal higher by high growth/tech stocks this week but catching two falling knives is not prudent in our opinion, we prefer the idea of catching one and positioning in another if/when a recovery starts to surface.

11/12/2025 10:10

Active Growth Portfolio – Amendments

We are making two changes to the Growth Portfolio

11/12/2025 09:56

Nick Scali Ltd (NCK) $22.43

NCK has been a standout performer both on the ASX and for MM in 2025 - it's up +49% year-to-date while many of its peers have struggled. The stock made new highs in October following its AGM, as the company continues to execute impressively. They’re measured international expansion through Fabb Furniture in the UK is playing out nicely and could become a playbook for many ASX names looking to take the often fraught leap into overseas markets. We remain big fans of this business.

08/12/2025 09:44

Shawn’s Trade Idea: Buy Catapult Sports Ltd (CAT) limit $4.00

We are looking for a number of strong bounces, at the very least, by the ASX tech stocks into 2026, the big question is how far can they fall first with new lows feeling likely, hence at this stage we’re placing bids below the recent low.

03/12/2025 09:45

AIC Mines (A1M) 47.5c

There are two major structural themes playing our globally; the energy transition and explosion in Artificial Intelligence (AI). Copper is central to both. Global demand is expected to rise from ~28.5 Mt in 2024 to 50 Mt by 2050, a 70% increase from current levels. At the same time, global ore grades are declining and the average lead time for new copper miners has continued to blow out.

26/11/2025 09:44

Trade Alerts – Emerging Companies Portfolio

We are making five changes to the Emerging Companies Portfolio

26/11/2025 09:29

Emerging Companies Portfolio

The Market Matters Emerging Companies Portfolio targets small & mid capitalisation emerging stocks (ex-100) that show strong underlying growth characteristics –Click here to view