Flagship 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* |
---|---|---|---|---|---|---|
Flagship Growth | -2.66% | 6.10% | 0.65% | 9.62% | 12.38% | 14.28% |
Target Return 10% | 0.83% | 2.50% | 5.00% | 10.00% | 10.00% | 10.00 % |
Difference | -3.49% | +3.60% | -4.35% | -0.38% | +2.38% | +4.28% |
COMPANY CODE | STOCK NAME | WEIGHT (%) | RISK | TIME HORIZON | ENTRY DATE | ENTRY PRICE ($) | LAST PRICE ($) | DIVIDENDS ($) | GAIN / LOSS (%) |
---|---|---|---|---|---|---|---|---|---|
ALL | Aristocrat | 5 | High | Medium | 28/01/2022 | 39.66 | 31.6 | -20.32 | |
ALU | Altium Ltd | 5 | High | Medium | 25/05/2021 | 28.80 | 28.39 | 0.43 | 0.07 |
BHP | BHP Group Ltd | 6 | Moderate | Medium | 21/08/2019 | 34.72 | 47.01 | 10.05 | 64.34 |
BOQ | Bank of QLD Ltd | 5 | Moderate | Medium | 04/11/2021 | 8.70 | 7.52 | 0.31 | -10 |
CBA | Commonwealth Bank of Australia | 5 | Moderate | Long | 13/03/2020 | 59.88 | 104.8 | 8.9 | 89.88 |
CSL | CSL Ltd | 6 | Moderate | Medium | 16/03/2021 | 260.92 | 273.09 | 2.09 | 5.47 |
CSR | CSR Ltd | 4 | Moderate | Medium | 3/08/2021 | 5.56 | 5.19 | 0.19 | -3.24 |
GMG | Goodman Group | 6 | Moderate | Medium | 12/01/2021 | 23.45 | 19.08 | -18.64 | |
HUB | HUB24 Ltd | 4 | Moderate | Medium | 7/04/2021 | 22.79 | 24.29 | 0.19 | 7.42 |
IGO | IGO Ltd | 3 | Moderate | Medium | 18/05/2022 | 11.11 | 11.25 | 1.26 | |
MQG | Macquarie Group | 7 | Moderate | Medium | 28/01/2022 | 184.61 | 181.5 | -1.68 | |
NCM | Newcrest Mining Ltd | 5 | Moderate | Medium | 12/08/2020 | 29.35 | 24.87 | 1.39 | -10.53 |
QAN | QANTAS | 6 | High | Medium | 12/08/2021 | 4.56 | 5.52 | 21.05 | |
RMD | ResMed | 6 | High | Medium | 28/10/2021 | 34.67 | 27.91 | 0.1 | -19.21 |
TPG | TPG Telecom | 6 | Moderate | Medium | 13/04/2022 | 6.06 | 6.06 | 0 | |
TWE | Treasury Wine Estates | 5 | High | Medium | 03/05/2022 | 11.38 | 11.2 | -1.58 | |
WOW | Woolworths | 5 | Moderate | Long | 8/03/2022 | 35.66 | 37.27 | 4.51 | |
WPL | Woodside | 3 | High | Medium | 26/04/2022 | 30.52 | 30.76 | 0.79 | |
XRO | Xero Ltd | 7 | Moderate | Long | 2/04/2020 | 92.85 | 88.42 | -4.77 |
Company code | STOCK NAME | WEIGHT(%) | RISK | TIME HORIZON | EXIT DATE | ENTRY PRICE ($) | CLOSE PRICE ($) | DIVIDENDS ($) | GAIN / LOSS (%) |
---|---|---|---|---|---|---|---|---|---|
VUK | Vigin Money UK | 6 | Moderate | Medium | 11/05/2022 | 3.48 | 2.61 | 0.01 | -24.71 |
A2M | a2 Milk Co Ltd/The | 5 | High | Medium | 03/05/2022 | 8.18 | 4.4 | -46.21 | |
WHC | Whitehaven Coal Ltd | 4 | High | Short | 09/03/2022 | 1.62 | 4.06 | 0.08 | 155.56 |
AWC | Alumina Ltd | 4 | Moderate | Medium | 09/03/2022 | 2.20 | 1.98 | 0.06 | -7.27 |
OZL | Oz Minerals | 5 | Moderate | Medium | 8/03/2022 | 21.72 | 26.42 | 0.32 | 23.11 |
NST | Northern Star | 3 | Moderate | Medium | 2/03/2022 | 10.50 | 10.19 | -2.95 | |
STO | Santos | 5 | High | Medium | 2/03/2022 | 6.3 | 7.6 | 0.27 | 24.92 |
APX | Appen | 3 | High | Medium | 24/02/2022 | 11.76 | 6.25 | -46.85 | |
NWH | NRW Holdings Ltd | 5 | High | Medium | 28/01/2022 | 2.31 | 1.56 | 0.05 | -30.3 |
QBE | QBE Insurance | 4 | Moderate | Medium | 28/01/2022 | 12.13 | 11.11 | -8.41 | |
BHP | BHP Group Ltd | 6 | Moderate | Medium | 28/01/2022 | 34.72 | 46.9 | 7.08 | 55.47 |
FMG | Fortescue Metals | 5 | High | Medium | 12/01/2021 | 17.06 | 20.92 | 22.63 | |
IGO | Independence Group | 5 | High | Medium | 23/11/2021 | 8.81 | 10.35 | 0.08 | 18.39 |
Z1P | Zip Co Ltd | 3 | High | Medium | 11/11/2021 | 6.92 | 5.75 | -16.91 | |
NAB | National Australia Bank Ltd | 5 | Moderate | Medium | 04/11/2021 | 18.27 | 28.52 | 1.29 | 63.16 |
CWN | Crown Resorts Ltd | 4 | High | Medium | 28/10/2021 | 9.69 | 10.28 | 6.09 | |
IAG | Insurance Australia Group | 4 | Moderate | Medium | 28/10/2021 | 5.4 | 4.97 | 0.13 | -5.56 |
BVS | Bravura Solutions Ltd | 4 | High | Medium | 06/10/2021 | 3.52 | 2.85 | 0.06 | -17.33 |
MND | Monadelphous Group Ltd | 3 | High | Medium | 13/09/2021 | 9.89 | 10.1 | 0.83 | 10.52 |
LLC | Lendlease Corp Ltd | 5 | Moderate | Medium | 23/08/2021 | 11.91 | 11.86 | 0.29 | 2.02 |
CBA | Commonwealth Bank of Australia | 2 | Moderate | Long | 12/08/2021 | 59.88 | 106.44 | 3.54 | 83.67 |
NAB | National Australia Bank Ltd | 2 | Moderate | Medium | 12/08/2021 | 18.27 | 27.29 | 1.29 | 56.43 |
CAR | carsales.com Ltd | 3 | High | Medium | 3/08/2021 | 17.47 | 21.96 | 25.7 | |
Z1P | Zip Co | 2 | High | Medium | 23/07/2021 | 6.92 | 7.13 | 3.03 | |
MP1 | Megaport | 3 | High | Medium | 23/07/2021 | 15.68 | 16.11 | 2.74 | |
WHC | Whitehaven Coal | 2 | High | Short | 16/06/2021 | 1.62 | 2.04 | 25.93 | |
CBA | Commonwealth Bank of Australia | 3 | Moderate | Long | 09/06/2021 | 59.88 | 101.33 | 3.54 | 75.13 |
NAB | National Australia Bank Ltd | 3 | Moderate | Medium | 09/06/2021 | 18.27 | 26.6 | 1.29 | 52.65 |
RHC | Ramsay Health Care Ltd | 4 | Moderate | Medium | 09/06/2021 | 67.64 | 63.57 | 0.69 | -5 |
Opinions for stocks held in the Growth Portfolio
Woolworths (WOW) $35.18
WOW -5.61%: it’s not often we see ‘Woolies’ down nearly 6% however the negative sentiment flowing from Target’s result in the US prompted a significant sell-off right across the retail sector in Australia, and not even staples were spared. Rising costs are the main issue here however it’s important to note that WOW and other sector players like Wesfarmers (WES) have not enjoyed the strength that the likes of Target have in the US which has seen their shares rally 2.5x in the last 2 years. Read moreAristocrat Leisure (ALL) $33.73
ALL +6.74%: A tough day to bring out a good set of results, however, that’s exactly what ALL did and they still managed a solid session despite the overall market weakness. For 1H22 they produced adjusted net profit after tax of $580.1m which was up 42% year on year while they announced an interim dividend of 26cps. The composition of the result was strong and was well ahead of market expectations across the board, in the vicinity of... Read moreWoolworths Group Ltd (WOW) $37.27
Supermarket giant WOW is in the nice position of being able to pass on price rises to the customers and often increase margins during periods of high inflation. However, it’s not all one way traffic as their rising labour costs will be adding pressure to the bottom line, I’m sure more auto checkouts are in the offing. We continue to like WOW as a defensive play aided by its conservative but sustainable fully franked 2.6% yield. Read moreXero Ltd (XRO) $88.42
MM has written about XRO a few times of late which is no great surprise considering it’s a stock we hold and it’s been absolutely hammered over the last 6-months. We continue to believe that this quality online accounting business has been the victim of valuation contraction as opposed to anything more sinister. We were asked about the company’s medium / longer-term outlook in Saturday’s “Ask James” report... Read moreBHP Group (BHP) $47.01
BHP +3.18%: The divestment of BHP’s oil unit is getting closer to completion and by extension the dividend returns to shareholders. Acquiror, Woodside Petroleum (WPL), received a final regulatory approval (National Offshore Petroleum Titles Administrator) on 17 May, the only outstanding condition now for the merger is Woodside shareholder approval, which is set for 2022 AGM on 19-May-22 (tomorrow). Based on the agreed merger... Read moreFlagship Growth Portfolio – Amendments
We are buying IGO Ltd (IGO) into recent weakness. We feel the uncertainty around the WSA deal and pullback in battery facing stocks is providing an excellent opportunity to buy into IGO. Read moreActive Income Portfolio
The portfolio added +0.32% for the week while cash remains at ~2%. Commonwealth Bank (CBA) was a strong performer adding +3.36% as they highlighted their leadership in digital banking with a bunch of innovative developments (CBA is so far ahead of the others on this), while APA (Group (APA) +3.25% & Stockland (SGP) +1.56% were also strong. Magellan (MFG) fell -8.25% to be the biggest drag. Read moreIGO Ltd (IGO) $10.91
The selling over recent weeks has been largely influenced by investors positioning as opposed to the long term outlook for a particular sector, or business. The battery materials names had become very popular through 2021 / 22 leaving plenty of room for a correction while ironically a number of fossil fuel stocks have enjoyed a great start to 2022 i.e. the crowd is often wrong. Read moreFlagship Growth Portfolio
The MM Flagship Growth Portfolio slipped -0.49% last week while our cash position has now risen slightly to 4%. Our performance was aided by TPG Telecom (TPG) +4% and Commonwealth Bank (CBA) +3.4% while CSR Ltd (CSR) -9.7% and Altium (ALU) -7.7% dragged on the portfolio i.e. our defensives remained the backbone through this uncertain period. Read moreActions for stocks held in the Growth Portfolio
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