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Flagship Growth Portfolio

For those seeking an active approach to investing in large cap ASX stocks

About the Flagship Growth Portfolio

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 Performance
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%
* Inception date 10/05/2016
Portfolio Holdings trade now
COMPANY CODE STOCK NAME WEIGHT (%) RISK TIME HORIZON ENTRY DATE ENTRY PRICE ($) LAST PRICE ($) DIVIDENDS ($) GAIN / LOSS (%)
ALL Aristocrat 5 High Medium 28/01/2022 39.66 31.6 -20.32
ALU Altium Ltd 5 High Medium 25/05/2021 28.80 28.39 0.43 0.07
BHP BHP Group Ltd 6 Moderate Medium 21/08/2019 34.72 47.01 10.05 64.34
BOQ Bank of QLD Ltd 5 Moderate Medium 04/11/2021 8.70 7.52 0.31 -10
CBA Commonwealth Bank of Australia 5 Moderate Long 13/03/2020 59.88 104.8 8.9 89.88
CSL CSL Ltd 6 Moderate Medium 16/03/2021 260.92 273.09 2.09 5.47
CSR CSR Ltd 4 Moderate Medium 3/08/2021 5.56 5.19 0.19 -3.24
GMG Goodman Group 6 Moderate Medium 12/01/2021 23.45 19.08 -18.64
HUB HUB24 Ltd 4 Moderate Medium 7/04/2021 22.79 24.29 0.19 7.42
IGO IGO Ltd 3 Moderate Medium 18/05/2022 11.11 11.25 1.26
MQG Macquarie Group 7 Moderate Medium 28/01/2022 184.61 181.5 -1.68
NCM Newcrest Mining Ltd 5 Moderate Medium 12/08/2020 29.35 24.87 1.39 -10.53
QAN QANTAS 6 High Medium 12/08/2021 4.56 5.52 21.05
RMD ResMed 6 High Medium 28/10/2021 34.67 27.91 0.1 -19.21
TPG TPG Telecom 6 Moderate Medium 13/04/2022 6.06 6.06 0
TWE Treasury Wine Estates 5 High Medium 03/05/2022 11.38 11.2 -1.58
WOW Woolworths 5 Moderate Long 8/03/2022 35.66 37.27 4.51
WPL Woodside 3 High Medium 26/04/2022 30.52 30.76 0.79
XRO Xero Ltd 7 Moderate Long 2/04/2020 92.85 88.42 -4.77
Portfolio cash position: 1%
Recent Sales trade now
Company code STOCK NAME WEIGHT(%) RISK TIME HORIZON EXIT DATE ENTRY PRICE ($) 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
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Opinions for stocks held in the Growth Portfolio

Qantas Airways Ltd (QAN) $5.46

The iconic Australian airline has been grinding higher post COVID although it keeps falling short of our +$6 target area. This month the national carrier launched a takeover of Alliance Aviation in a scrip deal for over $900mn, we like this move which should immediately be earnings accretive but its had a limited impact on the share price. The company has a strong balance sheet and has done a very good job...

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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.

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Aristocrat 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...

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Woolworths 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.

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Xero 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...

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BHP 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...

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Flagship 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.

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Active 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.

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IGO 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.

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Flagship 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.

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Actions for stocks held in the Growth Portfolio

QAN
UPDATED 20/05/2022 17:36
MM is long and bullish QAN looking for +$6
Add To Hit List
ALL
UPDATED 19/05/2022 18:05
MM is bullish & long ALL
Add To Hit List
WOW
UPDATED 19/05/2022 18:05
MM likes WOW around the $37 area
Add To Hit List
XRO
UPDATED 19/05/2022 18:04
MM believes that XRO is poised for a +20% bounce on the upside
Add To Hit List
WOW
UPDATED 19/05/2022 18:03
MM remains long WOW in our Flagship Growth Portfolio
Add To Hit List
BHP
UPDATED 18/05/2022 19:02
MM remains long & bullish BHP
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IGO
UPDATED 18/05/2022 19:02
MM are buying IGO in the Flagship Growth Portfolio, allocating 3% around $11.10
Add To Hit List
IGO
UPDATED 18/05/2022 19:01
MM likes IGO around $11
Add To Hit List
CBA
UPDATED 18/05/2022 19:01
MM is still targeting fresh all-time highs for CBA
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GMG
UPDATED 18/05/2022 19:01
MM likes GMG under $20
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