Active Growth Portfolio

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

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** UPDATED 30/06/2025 17:00
Portfolio	1m	3m	1y	3y	5y pa	ITD pa*
ACTIVE GROWTH	2.10%	8.31%	2.46%	14.30%	13.39%	12.46%
ASX 200 ACCUMULATION	1.41%	9.50%	13.81%	13.56%	11.85%	9.55%
VALUE ADD	+0.69%	(1.19%)	(11.33%)	+0.74%	+1.54%	+2.91%

* Inception date 10/05/2016

**Portfolio Holdings** 20 MINUTES DELAYED trade now
CODE	NAME	WEIGHT (%)	RISK	TERM	BUY DATE	BUY PRICE ($)	LAST PRICE ($)	DIVIDENDS ($)	DAILY CHANGE (%)	GAIN / LOSS (%)
ANZ	ANZ Bank	6	Moderate	Long	08/02/2023	25.29	30.82	5.48	1.22	43.53
APA	APA Group	4	Moderate	Medium	12/12/2024	7.38	8.28	0.54	-0.24	19.51
BHP	BHP Group	8.5	Moderate	Long	27/08/2019	39.06	40.29	8.83	3.02	25.76
CSL	CSL Limited	4	Moderate	Medium	09/07/2025	245.75	257.38		3.62	4.73
EVN	Evolution Mining	4	Moderate	Medium	20/05/2025	8.15	7.56		1.07	-7.24
GMG	Goodman Group	5	Moderate	Medium	21/02/2025	34.16	34.97		1.54	2.37
HUB	HUB24	4	Moderate	Medium	05/03/2025	71.36	105.59	0.27	3.11	48.35
JHX	James Hardie Industries	5	High	Medium	12/12/2024	51.22	41.00		0.74	-19.95
MQG	Macquarie Group	5	Moderate	Medium	07/11/2024	224.33	227.38	6.88	1.25	4.43
MGR	Mirvac Group	5	Moderate	Medium	17/07/2024	2.08	2.25	0.09	0.45	12.50
MIN	Mineral Resources	4	High	Medium	16/03/2023	44.12	29.08	0.34	4.79	-33.32
NSR	National Storage REIT	5	Moderate	Medium	11/08/2023	2.22	2.35	0.22	0.00	15.77
PDN	Paladin Energy	4	High	Medium	06/06/2024	15.16	7.82		-0.51	-48.42
SFR	Sandfire Resources	3	High	Medium	07/04/2025	8.32	10.95		0.55	31.61
SUL	Super Retail Group	4	Moderate	Medium	06/12/2024	15.20	15.07	0.46	-0.07	2.17
WBC	Westpac	5	Moderate	Medium	21/02/2025	31.08	34.31	1.09	1.81	13.90
WHC	Whitehaven Coal	4	High	Medium	15/11/2022	8.18	6.17	1.67	0.33	-4.16
WOR	Worley	5	High	Medium	08/05/2023	15.66	13.20	0.95	-0.98	-9.64
WTC	WiseTech Global	4	High	Medium	20/05/2025	101.24	115.18		1.18	13.77
XRO	Xero	4	Moderate	Medium	18/07/2025	181.34	181.00		1.04	-0.19

Portfolio cash position: 7.5%

**Recent Sales** UPDATED 18/07/2025 17:00 trade now
Company code	STOCK NAME	ACTIVITY	RISK	TIME HORIZON	EXIT DATE	ENTRY PRICE ($)	CLOSE PRICE ($)	DIVIDENDS ($)	GAIN / LOSS (%)
CAR	CAR Group	Sold 4% position	Moderate	Medium	20/03/2025	34.45	37.54	0.47	10.3
HUB	HUB24	Trimmed 1%	Moderate	Medium	09/07/2025	71.36	95.68	0.34	34.6
XRO	Xero	Sold 4% position	Moderate	Long	18/06/2025	101.29	193.5		91
SFR	Sandfire Resources	Trimmed 1%	High	Medium	18/06/2025	8.32	11.68		40.4
ALL	Aristocrat Leisure	Sold 5% position	High	Long	20/05/2025	65.13	62.55		-4
ILU	Iluka Resources	Sold 4% position	High	Medium	20/05/2025	6.02	3.85	0.06	-35
BHP	BHP Group	Trimmed 2%	Moderate	Long	07/04/2025	39.63	34.31	11.18	14.8
NXT	NEXTDC	Sold 5% position	Moderate	Medium	02/04/2025	17.06	11.39		-33.2
EVN	Evolution Mining	Sold 3% position	High	Long	31/03/2025	2.94	7.1	0.25	150
SFR	Sandfire Resources	Sold 4% position	High	Medium	28/03/2025	6.44	10.85		68.5
TWE	Treasury Wine Estates	Sold 5% position	High	Medium	12/03/2025	13.6	9.8	1.23	-18.89
CSL	CSL Limited	Sold 6% position	Moderate	Medium	24/02/2025	277	259.25	2.2	-5.61
HLS	Healius	Sold 4% position	High	Medium	24/02/2025	1.72	1.29		-25
AGL	AGL Energy	Sold 4% position	Moderate	Medium	12/12/2024	10.22	10.79	0.35	9
S32	South32	Sold 4% position	Moderate	Medium	12/12/2024	3.28	3.46	0.07	7.6
MFG	Magellan Financial Group	Sold 4% position	Moderate	Medium	06/12/2024	9.15	11.22	0.43	27.3
CAR	CAR Group (CAR)	Sold 4% position	Moderate	Medium	06/12/2024	33.13	40.1	0.47	22.5
GPT	GPT Group	Sold 4% position	Moderate	Medium	07/11/2024	4.66	4.45		-4.5
SFR	Sandfire Resources	Trimmed 1%	Moderate	Medium	30/10/2024	6.44	10.31		60.1
S32	South32	Trimmed 1%	Moderate	Medium	30/10/2024	3.28	3.71	0.07	15.2
EVN	Evolution Mining	Trimmed 1%	Moderate	Medium	20/08/2024	2.94	4.26	0.08	47.6
JBH	JB Hi-Fi (JBH)	Sold 4% position	Moderate	Medium	13/08/2024	56.8	75.44		32.82
NAB	Nation Australia Bank	Sold 6% position	Moderate	Medium	05/08/2024	30.33	35.06	3.59	27.43
GMG	Goodman Group	Sold 3% position	High	Medium	01/08/2024	21.15	36.44	0.36	73.99
RHC	Ramsay Healthcare	Sold 5% position	Moderate	Long	17/07/2024	68.86	47.25	0.93	-30.03
GMG	Goodman Group	Trimmed 1%	High	Medium	12/07/2024	21.15	35.58	0.36	69.92
XRO	Xero	Trimmed 1%	Moderate	Long	12/07/2024	101.29	140.35		38.56
PLS	Pilbara Minerals	Sold 4% position	High	Medium	12/06/2024	3.48	3.44		-1.15
CTD	Corporate Travel	Sold 4% position	Moderate	Medium	30/05/2024	16.46	13.06		-20.66
ILU	Iluka	Sold 4% position	High	Medium	10/05/2024	7.2	7.68	0.06	7.5
RMD	ResMed	Sold 5% position	Moderate	Medium	19/04/2024	33.23	27.92	0.39	-14.81
EVN	Evolution Mining	Trimmed 1%	Moderate	Medium	5/04/2024	2.94	3.85	0.016	31.5
PDN	Paladin Energy	Sold 4% position	High	Medium	5/04/2024	1.18	1.42		20.33
ORA	Orora	Sold 5% position	Moderate	Medium	3/04/2024	2.8	2.24	0.05	-18.21
LLC	Lendlease	Sold 5% position	High	Medium	6/03/2024	7.2	6.18		-14.14
ALU	Altium	Sold 5% position	High	Medium	31/01/2024	42.53	49.27		15.85
MQG	Macquarie Group	Sold 6% position	Moderate	Medium	31/01/2024	177.99	189.41	13.29	13.88
NST	Northern Star	Sold 5% position	High	Medium	18/01/2024	11.14	12.16	0.16	10.59
PDN	Paladin	Trimmed 3%	High	Medium	15/01/2024	0.83	1.31		57.83
MFG	Magellan Financial Group	Sold 4% position	High	Medium	08/01/2024	9.22	9.09	0.93	8.68
WDS	Woodside	Sold 4% position	Moderate	Medium	24/10/2023	35.66	35.23	1.78	3.79
CWY	Cleanaway Waste Management	Sold 5% position	High	Medium	05/10/2023	2.69	2.34	0.02	-12.27
NCM	Newcrest Mining	Sold 5% position	Moderate	Medium	25/08/2023	29.35	25.42	2.52	-4.8
ELD	Elders	Sold 3% position	High	Medium	25/08/2023	7.11	6.47		-9
SEK	Seek	Sold 3% position	High	Medium	17/08/2023	24.29	23.35	0.34	-2.47
GMG	GMG	Sold 5% position	Moderate	Medium	11/08/2023	23.43	20.17	0.3	-12.63
ILU	Iluka	Sold 5% position	Moderate	Medium	21/06/2023	10.74	11.66	0.64	14.53
JHX	James Hardie	Sold 4% position	High	Medium	21/06/2023	31.2	39.89		27.85
CSL	CSL Limited	Sold 4% position	Moderate	Medium	15/06/2023	260.92	279.41	3.82	8.55
JHX	James Hardie	Trimmed 1%	High	Medium	26/05/2023	31.2	37.83		21.25
XRO	Xero	Trimmed 2%	High	Long	22/05/2023	92.85	108.79		17.16
WDS	Woodside	Sold 3% position	Moderate	Medium	08/05/2023	30.23	34.05	5.28	30.1
IGO	Independence Group	Sold 3% position	Moderate	Medium	28/04/2023	10.66	13.61	0.27	30.21
SFR	Sandfire Resources	Sold 3% position	High	Medium	20/04/2023	4.1	6.93		69.02
CSL	CSL Ltd	Trimmed 2%	Moderate	Medium	20/04/2023	260.92	300.94	3.82	16.8
REA	REA Group	Sold 2% position	High	Medium	20/04/2023	120.42	140.69	1.07	17.72
ALU	Altium	Sold 5% position	High	Medium	12/04/2023	28.8	37.65	1.08	34.48

OPINION
ACTION

Opinions for stocks held in the Growth Portfolio

18/07/2025 17:14

BHP Group (BHP) $40.29

BHP +3.03%: Finished FY25 with strong JunQ production with copper, iron ore, and coal beating expectations, net debt was better than expected and FY26 production guidance was flat. The negative was the start date for Jansen was pushed back to mid CY27 with capex up materially and stage 2 potentially to be pushed out. Jansen is set to become one of the world’s largest underground potash mines, with a potential full-life capacity of 16–17 Mtpa by the 2030s, however, it’s proving more costly and more complex than originally thought.

18/07/2025 10:01

Active Growth Portfolio – Amendments

17/07/2025 17:05

CAR Group (CAR) $36.35

CAR –2.91%: The online auto retailer announced CEO Cameron McIntyre is stepping down from his role as CEO after a 9-year tenure whilst also putting through FY25 profit guidance that fell below analyst expectations.

17/07/2025 09:28

Macquarie Group Ltd (MQG) $222.66

MQG hold their AGM on the 24th of this month, with the 2026 half-year results following on November 7th. However, the current read through from their US peers is very encouraging with both GS and MS trading desks posting stellar numbers.

16/07/2025 16:47

Evolution Mining (EVN) $7.52

EVN -2.34%: delivered a solid Q4 result, with production and FY26 group guidance broadly in line.

15/07/2025 17:00

HUB24 (HUB) $100.57

HUB+6.24%: A new all-time high for the investment platform today after they reported reported platform net inflows for the fourth quarter that were ahead of expectations, and importantly, they’re beating their largest rival NWL to the honey pot:

15/07/2025 09:27

Goodman Group (GMG) $33.84

GMG has bounced ~40% after selling off aggressively following its massive $4bn cap raise in February for data centre (DC) expansion. Before the raise was even digested, “Liberation Day” was upon us driving the stock lower, not great timing, albeit a short-term speed bump in the big picture.

14/07/2025 09:25

Shawn’s Trade Idea: Whitehaven Coal (WHC) $6.14

We are looking for coal stocks, including Peabody (BTU US), that we hold in our International Equities Portfolio, to extend their last two weeks' advance after Trump's “Big Beautiful Bill” was recently passed, which includes support for the fossil fuel industry.

10/07/2025 09:43

APA Group (APA) $8.34

APA is a diversified energy infrastructure business, and while its core operations are heavily exposed to gas transmission, they also have electricity, renewable energy, and other energy services. The stock has advanced +20% so far in 2025 and we’ve covered APA at length along what’s been a choppy journey across holdings in two MM portfolios with differing entry levels.

10/07/2025 09:42

Evolution Mining Ltd (EVN) $7.29

EVN was smacked 7% on Wednesday due to a Goldman downgrade and overall weakness in the copper and gold sectors. We have discussed increasing our EVN position into weakness, and the market is coming to us nicely.