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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 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 trade now
CODE NAME WEIGHT (%) RISK TERM BUY DATE BUY PRICE ($) LAST PRICE ($) DIVIDENDS ($) DAILY CHANGE (%) GAIN / LOSS (%)
ANZ ANZ Bank 6 Moderate Long 08/02/2023 25.29 30.82 5.48 1.22 43.53
APA APA Group 4 Moderate Medium 12/12/2024 7.38 8.28 0.54 -0.24 19.51
BHP BHP Group 8.5 Moderate Long 27/08/2019 39.06 40.29 8.83 3.02 25.76
CSL CSL Limited 4 Moderate Medium 09/07/2025 245.75 257.38 3.62 4.73
EVN Evolution Mining 4 Moderate Medium 20/05/2025 8.15 7.56 1.07 -7.24
GMG Goodman Group 5 Moderate Medium 21/02/2025 34.16 34.97 1.54 2.37
HUB HUB24 4 Moderate Medium 05/03/2025 71.36 105.59 0.27 3.11 48.35
JHX James Hardie Industries 5 High Medium 12/12/2024 51.22 41.00 0.74 -19.95
MQG Macquarie Group 5 Moderate Medium 07/11/2024 224.33 227.38 6.88 1.25 4.43
MGR Mirvac Group 5 Moderate Medium 17/07/2024 2.08 2.25 0.09 0.45 12.50
MIN Mineral Resources 4 High Medium 16/03/2023 44.12 29.08 0.34 4.79 -33.32
NSR National Storage REIT 5 Moderate Medium 11/08/2023 2.22 2.35 0.22 0.00 15.77
PDN Paladin Energy 4 High Medium 06/06/2024 15.16 7.82 -0.51 -48.42
SFR Sandfire Resources 3 High Medium 07/04/2025 8.32 10.95 0.55 31.61
SUL Super Retail Group 4 Moderate Medium 06/12/2024 15.20 15.07 0.46 -0.07 2.17
WBC Westpac 5 Moderate Medium 21/02/2025 31.08 34.31 1.09 1.81 13.90
WHC Whitehaven Coal 4 High Medium 15/11/2022 8.18 6.17 1.67 0.33 -4.16
WOR Worley 5 High Medium 08/05/2023 15.66 13.20 0.95 -0.98 -9.64
WTC WiseTech Global 4 High Medium 20/05/2025 101.24 115.18 1.18 13.77
XRO Xero 4 Moderate Medium 18/07/2025 181.34 181.00 1.04 -0.19
Portfolio cash position: 7.5%
Recent Sales trade now
Company code STOCK NAME ACTIVITY RISK TIME HORIZON EXIT DATE ENTRY PRICE ($) 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
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Opinions for stocks held in the Growth Portfolio

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.

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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. 

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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.

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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: 

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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.

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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.

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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.

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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.

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Actions for stocks held in the Growth Portfolio

BHP
UPDATED 18/07/2025 17:13
MM remains long & bullish BHP ~$40
Add To Hit List
XRO
UPDATED 18/07/2025 09:58
MM are buying XRO in the Active Growth Portfolio, allocating 4% around $180
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CAR
UPDATED 18/07/2025 09:58
MM are selling CAR in the Active Growth portfolio, taking a profit around ~$36.50
Add To Hit List
CAR
UPDATED 17/07/2025 17:16
MM has turned neutral on CAR
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MQG
UPDATED 17/07/2025 10:18
MM is long and bullish MQG
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EVN
UPDATED 16/07/2025 16:54
MM remains long & bullish EVN
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GMG
UPDATED 15/07/2025 22:38
MM is long and bullish GMG
Add To Hit List
HUB
UPDATED 15/07/2025 22:37
MM remains long and bullish HUB
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WHC
UPDATED 14/07/2025 09:52
Trade Idea: Buy Whitehaven Coal (WHC) at $6.15 with stops at $5.80 – 5% risk.
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HUB
UPDATED 10/07/2025 10:10
MM is considering trimming our HUB position
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