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Active Growth Portfolio

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

About the Flagship 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 1.65% 9.87% 7.47% 17.29% 13.79% 14.23%
ASX 200 Accumulation 0.79% 9.39% 7.42% 10.64% 9.32% 9.14%
Difference to benchmark +0.86% +0.48% +0.05% +6.65% +4.47% +5.09%
* Inception date 10/05/2016
Portfolio Holdings trade now
COMPANY CODE STOCK NAME WEIGHT (%) RISK TIME HORIZON ENTRY DATE ENTRY PRICE ($) LAST PRICE ($) DIVIDENDS ($) DAILY CHANGE (%) GAIN / LOSS (%)
ANZ ANZ Bank 6 Moderate Long 08/02/2023 25.29 28.81 2.29 0.21 22.97
BHP BHP Group 8 Moderate Long 27/08/2019 39.51 44.23 10.81 -1.54 39.31
EVN Evolution Mining 5 Moderate Medium 1/12/2022 2.94 3.09 0.08 4.39 7.82
GMG Goodman Group 4 High Medium 24/10/2023 21.15 31.19 0.15 2.33 48.18
ILU Iluka Resources 4 High Mdeium 07/02/2024 7.20 7.11 -0.14 -1.25
LLC Lendlease 5 Moderate Medium 30/06/2023 7.49 6.27 0.17 -0.95 -14.02
MIN Mineral Resources 5 High Medium 16/03/2023 73.73 66.40 0.80 -2.14 -8.86
NAB National Australia Bank 6 Moderate Medium 15/12/2022 30.33 34.14 2.39 0.29 20.44
NSR National Storage REIT 5 Moderate Medium 11/08/2023 2.22 2.28 0.06 0.44 5.41
ORA Orora 5 Moderate Medium 31/01/2024 2.80 2.71 0.37 -3.21
PDN Paladin Energy 3 High Medium 27/02/2024 1.18 1.22 1.25 3.39
PLS Pilbara Minerals 4 High Medium 18/01/2024 3.48 4.41 0.68 26.72
RHC Ramsay Healthcare 5 Moderate Long 12/04/2023 68.86 54.75 0.36 0.53 -19.97
RMD Resmed 5 Moderate Medium 28/10/2021 33.23 26.95 0.39 0.86 -17.72
SFR Sandfire Resources 4 High Medium 18/05/2023 5.87 7.68 1.05 30.83
TWE Treasury Wine Estates 5 High Medium 20/04/2023 13.60 12.36 0.24 0.08 -7.35
WHC Whitehaven Coal 4 High Medium 15/11/2022 8.18 6.96 1.16 -0.85 -0.73
WOR Worley 4 High Medium 08/05/2023 15.85 17.26 0.25 -0.98 10.47
XRO Xero 5 Moderate Long 02/04/2020 101.29 135.50 0.42 33.77
Portfolio cash position: 8%
Recent Sales trade now
Company code STOCK NAME WEIGHT(%) RISK TIME HORIZON EXIT DATE ENTRY PRICE ($) CLOSE PRICE ($) DIVIDENDS ($) GAIN / LOSS (%)
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 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
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Opinions for stocks held in the Growth Portfolio

Ramsay Healthcare (RHC) $54.91

RHC +7.27%: Opened down this morning before they did a good job putting some more ‘meat on the bones’ of today’s 1H24 update, while they talked about the potential to realise value across their various business units, rolling out the private equity playbook which certainly worked on the share price, trading up to 6-month highs.

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National Australia Bank (NAB) $33.88

NAB made fresh 9-year highs yesterday, and it remains a bullish trend MM is happy to ride. The banks continue to deliver solid results with excess capital and a very benign environment for bad debts providing a tailwind, and with NAB forecast to yield ~5.7% fully franked over the next 12-months, we see no reason to take profits at this stage.

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Worley (WOR) $16.10

WOR +2.35%: There always seem to be a few issues in WOR results, however, they’re getting fewer and the core part of their business is improving, albeit, it’s coming off a low base. Aggregated revenue for the 1H of $5.61bn was up 7.8% on the year and around 3% ahead of consensus producing an underlying net profit after tax (NPAT) of $188m, ahead of expectations for ~$178m.

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Iluka Resources Ltd (ILU) $6.64

Mineral sands operator ILU, on the surface, delivered a solid FY24 result considering the tough backdrop facing the company, which the market initially embraced, sending the stock to fresh 5-month highs before surrendering all of the gains plus a few per cent more. ILU reported group earnings 7% higher than market consensus, which translated to stronger group profit, around 20% above market expectations.

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Mineral Resources Ltd (MIN) $64.04

MIN has rallied since its report last week, which was overall solid. Their underlying profit was below expectations courtesy of lithium prices, but their belt-tightening is progressing well, and as production of both iron ore & lithium increases, things should continue to improve further. The company have more moving parts than pure lithium.

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Pilbara Minerals Ltd (PLS) $3.88

PLS advanced +5.7% on Monday, with fresh 4-month highs now less than 4% away; with over 21% of PLS held short, we believe some traders are/should be becoming increasingly nervous as a squeeze feels increasingly likely. Last week, the lithium producers’ earnings came in below expectations, but as we often say at MM, a market that can rally on bad news implies strength.

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First Up

Earlier this month, the Uranium Sector was one of the hottest in town, with Paladin (PDN) and Boss Energy (BOE) both up ~50% after only a few weeks of 2024, but here we are approaching the end of February, and the vast majority of the gains have evaporated in the blink of an eye. US giant Cameco Corp (CCJ US) was the catalyst after reporting its FY23 results earlier in the month.

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Sandfire Resources (SFR) $7.30

SFR -4.2%: Todays 1H24 result was inline with expectations with no real surprises. SFR had provided revenue, operation EBITDA, net debt, key unaudited cash flow numbers, as well as reconfirming guidance as part of its December Quarterly results in January. No dividend was declared, nor expected.

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Actions for stocks held in the Growth Portfolio

RHC
UPDATED 29/02/2024 17:00
MM is patiently long, and now more bullish RHC following results
Add To Hit List
NAB
UPDATED 29/02/2024 09:51
MM likes NAB medium term
Add To Hit List
WOR
UPDATED 28/02/2024 17:10
MM remains long & bullish WOR
Add To Hit List
ILU
UPDATED 28/02/2024 10:14
MM is long and bullish ILU ~$6.64
Add To Hit List
ANZ
UPDATED 27/02/2024 11:26
MM is long and bullish ANZ ~$28
Add To Hit List
ILU
UPDATED 27/02/2024 11:20
MM is comfortable with our recent purchase of ILU
Add To Hit List
NSR
UPDATED 27/02/2024 11:20
MM is long & bullish NSR
Add To Hit List
NAB
UPDATED 27/02/2024 11:19
MM remains long NAB across two portfolios
Add To Hit List
BHP
UPDATED 27/02/2024 11:15
MM is long and bullish toward BHP
Add To Hit List
PLS
UPDATED 27/02/2024 11:09
MM is long and bullish PLS
Add To Hit List
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