Active Growth Portfolio
For those seeking an active approach to investing in large cap ASX stocks
About The Portfolio
The flagship Market Matters portfolio that provides an active approach to investing in ASX listed large cap stocks. This is a high conviction portfolio, will go to high levels of cash if warranted and can benefit from market downturns by investing in funds that inversely track the market.
Portfolio | 1m | 3m | 6m | 1y | 3y pa | ITD pa* |
---|---|---|---|---|---|---|
Active Growth | -4.80% | -7.32% | -2.60% | 12.63% | 16.11% | 12.79% |
ASX 200 Accumulation | -3.78% | -7.19% | -5.30% | 2.95% | 8.89% | 7.55% |
Difference to benchmark | (1.02%) | (0.13%) | +2.70% | +9.68% | +7.22% | +5.24% |
COMPANY CODE | STOCK NAME | WEIGHT (%) | RISK | TIME HORIZON | ENTRY DATE | ENTRY PRICE ($) | LAST PRICE ($) | DIVIDENDS ($) | DAILY CHANGE (%) | GAIN / LOSS (%) |
---|---|---|---|---|---|---|---|---|---|---|
ALU | Altium | 5 | High | Medium | 05/10/2023 | 42.53 | 44.98 | 0.00 | 5.76 | |
ANZ | ANZ Bank | 6 | Moderate | Long | 08/02/2023 | 25.29 | 24.37 | 2.29 | 0.00 | 5.42 |
BHP | BHP Group | 8 | Moderate | Long | 27/08/2019 | 39.51 | 46.30 | 10.81 | 0.00 | 44.55 |
EVN | Evolution Mining | 3 | Moderate | Medium | 1/12/2022 | 2.83 | 4.09 | 0.09 | 0.00 | 47.70 |
GMG | Goodman Group | 4 | High | Medium | 24/10/2023 | 21.15 | 22.75 | 0.00 | 7.57 | |
LLC | Lendlease | 5 | Moderate | Medium | 30/06/2023 | 7.49 | 6.63 | 0.10 | 0.00 | -10.15 |
MIN | Mineral Resources | 5 | High | Medium | 16/03/2023 | 73.73 | 61.17 | 0.80 | 0.00 | -15.95 |
MFG | Magellan | 4 | High | Medium | 21/06/2023 | 9.22 | 7.44 | 0.93 | 0.00 | -9.22 |
MQG | Macquarie Group | 6 | Moderate | Medium | 28/01/2022 | 177.99 | 169.05 | 13.29 | 0.00 | 2.44 |
NAB | National Australia Bank | 6 | Moderate | Medium | 15/12/2022 | 30.33 | 28.40 | 2.39 | 0.00 | 1.52 |
NSR | National Storage REIT | 5 | Moderate | Medium | 11/08/2023 | 2.22 | 2.16 | 0.00 | -2.70 | |
NST | Northern Star Resources | 5 | High | Medium | 25/08/2023 | 11.14 | 12.73 | 0.16 | 0.00 | 15.71 |
PDN | Paladin Energy | 3 | High | Medium | 25/08/2023 | 0.83 | 0.98 | 0.00 | 18.07 | |
RHC | Ramsay Healthcare | 5 | Moderate | Long | 12/04/2023 | 68.86 | 49.16 | 0.36 | 0.00 | -28.09 |
RMD | Resmed | 5 | Moderate | Medium | 28/10/2021 | 33.23 | 24.34 | 0.33 | 0.00 | -25.76 |
SFR | Sandfire Resources | 4 | High | Medium | 18/05/2023 | 5.87 | 6.16 | 0.00 | 4.94 | |
TWE | Treasury Wine Estates | 5 | High | Medium | 20/04/2023 | 13.60 | 10.70 | 0.24 | 0.00 | -19.56 |
WHC | Whitehaven Coal | 4 | High | Medium | 15/11/2022 | 8.18 | 7.14 | 1.06 | 0.00 | 0.24 |
WOR | Worley | 4 | High | Medium | 08/05/2023 | 15.85 | 16.96 | 0.25 | 0.00 | 8.58 |
XRO | Xero | 5 | Moderate | Long | 02/04/2020 | 101.29 | 103.05 | 0.00 | 1.74 |
Company code | STOCK NAME | WEIGHT(%) | RISK | TIME HORIZON | EXIT DATE | ENTRY PRICE ($) | CLOSE PRICE ($) | DIVIDENDS ($) | GAIN / LOSS (%) |
---|---|---|---|---|---|---|---|---|---|
WDS | Woodside | 4 | Moderate | Medium | 24/10/2023 | 35.66 | 35.23 | 1.78 | 3.79 |
CWY | Cleanaway Waste Management | 5 | High | Medium | 05/10/2023 | 2.69 | 2.34 | 0.02 | -12.27 |
NCM | Newcrest Mining | 5 | Moderate | Medium | 25/08/2023 | 29.35 | 25.42 | 2.52 | -4.8 |
ELD | Elders | 3 | High | Medium | 25/08/2023 | 7.11 | 6.47 | 0 | -9 |
SEK | Seek | 3 | High | Medium | 17/08/2023 | 24.29 | 23.35 | 0.34 | -2.47 |
GMG | GMG | 5 | Moderate | Medium | 11/08/2023 | 23.43 | 20.17 | 0.3 | -12.63 |
ILU | Iluka | 5 | Moderate | Medium | 21/06/2023 | 10.74 | 11.66 | 0.64 | 14.53 |
JHX | James Hardie | 4 | High | Medium | 21/06/2023 | 31.2 | 39.89 | 27.85 | |
CSL | CSL Limited | 4 | Moderate | Medium | 15/06/2023 | 260.92 | 279.41 | 3.82 | 8.55 |
JHX | James Hardie | 1 | High | Medium | 26/05/2023 | 31.2 | 37.83 | 21.25 | |
XRO | Xero | 2 | High | Long | 22/05/2023 | 92.85 | 108.79 | 0 | 17.16 |
WDS | Woodside | 3 | Moderate | Medium | 08/05/2023 | 30.23 | 34.05 | 5.28 | 30.1 |
IGO | Independence Group | 3 | Moderate | Medium | 28/04/2023 | 10.66 | 13.61 | 0.27 | 30.21 |
SFR | Sandfire Resources | 3 | High | Medium | 20/04/2023 | 4.1 | 6.93 | 69.02 | |
CSL | CSL Ltd | 2 | Moderate | Medium | 20/04/2023 | 260.92 | 300.94 | 3.82 | 16.8 |
REA | REA Group | 2 | High | Medium | 20/04/2023 | 120.42 | 140.69 | 1.07 | 17.72 |
ALU | Altium | 5 | High | Medium | 12/04/2023 | 28.8 | 37.65 | 1.08 | 34.48 |
CBA | Commonwealth Bank | 5 | Moderate | Long | 08/02/2023 | 59.88 | 110.4 | 11.9 | 104.24 |
SEK | Seek | 5 | Moderate | Medium | 03/02/2023 | 19.86 | 25.55 | 28.65 | |
MQG | Macquarie Group | 2 | Moderate | Medium | 03/02/2023 | 178.3 | 190.89 | 6.34 | 10.61 |
SFR | Sandfire Resources | 1.07 | High | Medium | 18/01/2023 | 4.1 | 6.15 | 50 | |
HUB | HUB24 | 4 | Moderate | Medium | 09/01/2023 | 22.79 | 27.66 | 0.37 | 22.99 |
SFR | Sandfire Resources | 1.5 | High | Medium | 08/12/2022 | 4.07 | 5.38 | 32.18 | |
BHP | BHP Group Ltd | 3 | Moderate | Long | 08/12/2022 | 37.4 | 46.42 | 9.02 | 48.23 |
OZL | Oz Minerals | 3 | Moderate | Medium | 23/11/2022 | 18.11 | 27.44 | 0.11 | 52.13 |
IGO | Independence Group | 2 | Moderate | Medium | 23/11/2022 | 10.66 | 15.99 | 0.07 | 50.66 |
ALL | Aristocrat | 5 | Moderate | Medium | 23/11/2022 | 37.93 | 35.35 | 0.27 | -6.09 |
WDS | Woodside | 2 | Moderate | Medium | 15/11/2022 | 30.23 | 38.62 | 2.27 | 35.26 |
RHC | Ramsay Healthcare | 4 | Moderate | Medium | 9/11/2022 | 71.56 | 58.8 | 0.69 | -16.87 |
MP1 | Megaport | 3 | High | Short | 27/09/2022 | 7.82 | 6.5 | -16.87 |
Opinions for stocks held in the Growth Portfolio
Altium Ltd (ALU) v APA Group (APA)
ALU, like most of the Tech Sector, has enjoyed a solid 2023, advancing +26% year-to-date, but again, the last few months have proved disappointing as the stocks corrected 21% after an aggressive drive higher following an impressive result in August. Read morePaladin Energy Ltd (PDN) $1.005
MM remains a fan of the uranium sector into 2024. Still, we won’t be afraid to take profits if PDN or any other of our positions reach our objectives, especially when considering increasing cash levels. Read moreNorthern Star Resources (NST) $12.67
It would have been easy for us to have written a whole report on gold this morning, but it would have been very repetitive of recent notes; hence, we have just selected one stock that stood out to MM on Wednesday. Gold and gold stocks continue to look great, typified by NST yesterday as it rallied +4.4%, breaking out to a fresh 4-month high in the process. Read moreWorley Ltd (WOR) v Woodside Energy (WDS)
The correlation between WOR and WDS has been very close post-COVID, apart from over recent months where WOR has proved a big winner; year-to-date, WOR is up +14.1% while WDS has fallen -10.4%. We are in no hurry to consider switching our WOR holding into WDS, but another 10% differential might create some temptation. Read moreEvolution Mining Ltd (EVN) $3.75
EVN rallied +1.9%, following precious metals higher, their performance this year has been solid, tracking the gold price higher, i.e. EVN is ~6% below Mays high whereas the gold price, in $US, is 2.5% below its May high. However, considering how close gold is to its 2020 all-time high, it would disappoint long-term investors that EVN has fallen more than 40% over the last 3 years. Read moreRamsay Health Care (RHC) $50.81
RHC has traded between $47 and $54 since the disappointing result in August. Unlike HLS, Ramsay has addressed its balance sheet after selling its Sime Darby JV Read moreMacquarie Group Ltd (MQG) $158.53
MQG fell -$4.22 in absolute terms on Monday, or -2.6%, but we should remember the stock traded ex-dividend $2.55, 40% franked. Hence, the stock only slipped -1%, including the dividend, which was not a major move in a weak market, although the current momentum isn’t good, and we can see a break to fresh 2-year lows unless we see a Christmas rally sooner rather than later. Read moreLendlease Corp Ltd (LLC) $6.28
LLC has struggled since interest rates started to advance, but they’ve arguably magnified the sector's weakness, e.g. the stock is down another ~20% in 2023 alone. We have a core bullish outlook on bonds and bearish yields, which should finally offer a tailwind for LLC into 2024, it feels overdue to average or cut as the stock plumbs multi-year lows Read moreANZ Bank (ANZ) $24.70
ANZ -3.02%: Reported FY23 results this morning which were around 1.5% below consensus in terms of cash profit. Net Interest Margin (NIM) was weak, about 6bps below expectations but a more significant -33bps half on half for Australian retail NIM which highlights how hard ANZ went to gain market share (via low rates which compress margins). Read moreActions for stocks held in the Growth Portfolio
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