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Active Growth Portfolio

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

About the Active Growth Portfolio

About The Portfolio

The Market Matters Active Growth Portfolio provides an active exposure to Australian large-cap shares, aiming for reduced volatility. Returns will be achieved through a combination of capital appreciation and income with an overall objective of outperformance of the S&P/ASX 200 Accumulation Index over the medium term (3 years).

Portfolio Performance
Portfolio 1m 3m 6m 1y 3y pa ITD pa*
ACTIVE GROWTH 5.82% 7.50% 15.46% 20.96% 15.43% 14.91%
ASX 200 ACCUMULATION 3.27% 5.33% 14.17% 14.45% 9.62% 9.48%
VALUE ADD +2.55% +2.17% +1.29% +6.51% +5.81% +5.43%
* Inception date 10/05/2016
Portfolio Holdings trade now
COMPANY CODE STOCK NAME WEIGHT (%) RISK TIME HORIZON ENTRY DATE ENTRY PRICE ($) LAST PRICE ($) DIVIDENDS ($) DAILY CHANGE (%) GAIN / LOSS (%)
ANZ ANZ Bank 6 Moderate Long 08/02/2023 25.29 29.00 2.29 0.00 23.72
BHP BHP Group 8 Moderate Long 27/08/2019 39.51 45.77 12.38 0.00 47.18
CTD Corporate Travel Mgmt 4 Moderate Medium 6/03/2024 16.46 15.98 0.00 -2.92
EVN Evolution Mining 4 Moderate Medium 1/12/2022 2.94 3.93 0.08 0.00 36.39
GMG Goodman Group 4 High Medium 24/10/2023 21.15 31.77 0.15 0.00 50.92
ILU Iluka Resources 4 High Medium 07/02/2024 7.20 7.38 0.06 0.00 3.33
MFG Magellan 4 High Medium 6/03/2024 9.15 9.36 0.00 2.30
MIN Mineral Resources 5 High Medium 16/03/2023 73.73 71.31 0.80 0.00 -2.20
NAB National Australia Bank 6 Moderate Medium 15/12/2022 30.33 33.93 2.39 0.00 19.75
NSR National Storage REIT 5 Moderate Medium 11/08/2023 2.22 2.24 0.06 0.00 3.60
PLS Pilbara Minerals 4 High Medium 18/01/2024 3.48 3.90 0.00 12.07
RHC Ramsay Healthcare 5 Moderate Long 12/04/2023 68.86 51.91 0.36 0.00 -24.09
RMD Resmed 5 Moderate Medium 28/10/2021 33.23 28.79 0.39 0.00 -12.19
SFR Sandfire Resources 4 High Medium 18/05/2023 5.87 9.07 0.00 54.51
S32 South32 4 Moderate Medium 05/04/2024 3.19 3.44 0.00 7.84
TWE Treasury Wine Estates 5 High Medium 20/04/2023 13.60 12.24 0.66 0.00 -5.15
WHC Whitehaven Coal 4 High Medium 15/11/2022 8.18 7.76 1.16 0.00 9.05
WOR Worley 4 High Medium 08/05/2023 15.85 16.81 0.50 0.00 9.21
XRO Xero 5 Moderate Long 02/04/2020 101.29 119.84 0.00 18.31
Portfolio cash position: 10%
Recent Sales trade now
Company code STOCK NAME WEIGHT(%) RISK TIME HORIZON EXIT DATE ENTRY PRICE ($) CLOSE PRICE ($) DIVIDENDS ($) GAIN / LOSS (%)
EVN Evolution Mining 1 Moderate Medium 5/04/2024 2.94 3.85 0.016 31.5
PDN Paladin Energy 4 High Medium 5/04/2024 1.18 1.42 20.33
ORA Orora 5 Moderate Medium 3/04/2024 2.8 2.24 0.05 -18.21
LLC Lendlease 5 High Medium 6/03/2024 7.2 6.18 -14.14
ALU Altium 5 High Medium 31/01/2024 42.53 49.27 15.85
MQG Macquarie Group 6 Moderate Medium 31/01/2024 177.99 189.41 13.29 13.88
NST Northern Star 5 High Medium 18/01/2024 11.14 12.16 0.16 10.59
PDN Paladin 3 High Medium 15/01/2024 0.83 1.31 57.83
MFG Magellan Financial Group 4 High Medium 08/01/2024 9.22 9.09 0.93 8.68
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 -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 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
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Opinions for stocks held in the Growth Portfolio

Xero Ltd (XRO) $121.80

MM remains a big fan of this online cloud-based accounting software company XRO, but after more than doubling from its 2022 low, we are closer to trimming than adding to our 5% position. However, this is a quality company, and we have no plans to sell into weakness; in line with our ”three steps forward, two back” outlook, we may trim into strength, but we are likely to be fussy.

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Iluka Resources Ltd (ILU) $7.44

ILU is one of a few “quasi-plays” on the Chinese economy, which has slowly started to show signs of stabilisation after a very tough few years. We believe its $6-8 trading range is likely to prevail for most of 2024; hence, we may tweak our position accordingly.

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Goodman Group (GMG) $32.07

GMG reversed ~80% of its early losses on Thursday to end the session down just 0.8%, a very impressive performance considering the US Retail Sector fell -4.1%. Also, NEXTDC (NXT), another alternative for exposure to data centres, albeit very different, launched a significant $1.3bn capital raise. We continue to believe this $61bn business is the number one stock in the Australian Property Sector and will remain a core holding for us until further notice.

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ResMed Inc (RMD) $29.56

RMD rallied +1.5% in a falling market on Thursday, an encouraging move for the sleep disorder business, which has been on a wild Ozempic ride over the last year – unfortunately, overnight trade in the US suggests it will struggle this morning. At MM, we’ve commented on many of RMD’s twists and turns through its volatile journey since many of us first heard about miracle slimming drugs, and after its 43% recovery, the risk/reward is diminishing fast for the bulls.

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Pilbara Minerals Ltd (PLS) $3.92

We have written about PLS a number of times in recent months; the company remains our preferred exposure in the volatile space, although it is unlikely to either ascend or descend as fast as many. This is a proven miner that turns a profit and pays a dividend, which should continue to cushion moves if weakness persists in the underlying lithium price. Over 20% of PLS is held short, which is both exciting from a squeeze perspective but also a concern because professional traders are betting against the stock/sector.

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Mineral Resources Ltd (MIN) $71.61

MIN is a two-commodity play, with a combination of lithium and iron ore driving the miner (along with a mining services division). Both have been on the nose since early 2023, but we are now seeing signs of a bottom for both, although how far they can/will bounce is a tougher call.

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Whitehaven Coal Ltd (WHC) $7.36

WHC enjoyed a strong Tuesday, gaining +4.8% after influential broker UBS significantly upgraded the stock, with their price target increasing a whopping 38%, from $6.30 to $8.70. The crux of their upgrade was a bullish update towards metallurgical (Met) coal used in steel production, courtesy of good old-fashioned supply and demand dynamics. They believe supply constraints from Australia will keep the market in a structural deficit. At the same time, demand from India is set to accelerate over the medium-longer term, a very bullish one-two. Also, China's economy is showing signs of improvement, which is also likely to have a major impact on prices, with the world's second-largest economy being both the biggest producer and consumer of coal in the world, plus it’s the largest user of coal-derived electricity.

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BHP Group Ltd (BHP) $44.25

The “Big Australian”, as it is often referred to, has been touched on a number of times in 2024; we believe BHP is worth accumulating into dips below $40 and reducing above $50 – boring but effective over recent years. The one area we will be watching carefully is if debt levels, and if they do start to impinge on the stock's dividend, we could look elsewhere in the sector.

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South32 Ltd (S32) $3.20

Interestingly, over 80% of analysts who follow S32 have the miner as a buy, outstripping BHP and RIO following its significant pullback from its highs in 2022 and 2023.

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Actions for stocks held in the Growth Portfolio

RMD
UPDATED 12/04/2024 09:58
MM is cautiously bullish toward RMD short-term
Add To Hit List
GMG
UPDATED 12/04/2024 09:57
MM remains bullish towards GMG medium-term
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ILU
UPDATED 12/04/2024 09:57
MM is long and bullish ILU short/medium term
Add To Hit List
XRO
UPDATED 12/04/2024 09:54
MM remains long and bullish toward XRO
Add To Hit List
MFG
UPDATED 12/04/2024 09:53
MM are buying MFG in the Active Income Portfolio, initiating with a 4% weighting around $9.30
Add To Hit List
PLS
UPDATED 11/04/2024 11:36
MM is long and bullish towards PLS in the short term
Add To Hit List
MIN
UPDATED 11/04/2024 11:35
MM remains bullish, and long MIN
Add To Hit List
WHC
UPDATED 10/04/2024 09:52
MM is long and bullish on WHC
Add To Hit List
BHP
UPDATED 09/04/2024 09:51
MM remains long and bullish on BHP
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BHP
UPDATED 09/04/2024 09:49
MM remains long and bullish toward BHP
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