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 30/09/2024 17:00
Portfolio	1m	3m	6m	1y	3y pa	ITD pa*
ACTIVE GROWTH	6.68%	7.19%	3.81%	19.61%	11.78%	14.35%
ASX 200 ACCUMULATION	2.97%	7.79%	6.65%	21.77%	8.45%	9.73%
VALUE ADD	+3.71%	(0.60%)	(2.84%)	(2.16%)	+3.33%	+4.62%

* 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 (%)
AGL	AGL Energy	4	Moderate	Medium	30/05/2024	10.22	11.95	0.35	1.19	20.35
ANZ	ANZ Bank	6	Moderate	Long	08/02/2023	25.29	29.64	3.32	-1.46	30.33
BHP	BHP Group	9.5	Moderate	Long	27/08/2019	39.63	44.58	10.06	-1.74	37.88
CAR	CAR Group	4	High	Medium	19/04/2024	33.13	37.14	0.47	0.03	13.52
CSL	CSL Limited	6	Moderate	Medium	19/04/2024	277.00	288.93	2.20	0.11	5.10
EVN	Evolution Mining	3	Moderate	Medium	1/12/2022	2.94	4.62	0.15	2.21	62.24
GPT	GPT Group	4	Moderate	Medium	01/08/2024	4.66	5.04		0.20	8.15
MFG	Magellan	4	High	Medium	6/03/2024	9.15	9.62	0.43	-3.22	9.84
HLS	Helius	4	High	Medium	02/09/2024	1.72	1.75		0.29	1.74
MGR	Mirvac Group	4	Moderate	Medium	17/07/2024	2.14	2.20		-0.45	2.80
MIN	Mineral Resources	5	High	Medium	16/03/2023	73.73	50.99	0.80	-1.43	-29.76
NSR	National Storage REIT	5	Moderate	Medium	11/08/2023	2.22	2.53	0.12	0.40	19.37
PDN	Paladin Energy	4	High	Medium	06/06/2024	15.16	11.66		-1.44	-23.09
SFR	Sandfire Resources	5	High	Medium	18/05/2023	6.44	10.77		0.19	67.24
S32	South32	5	Moderate	Medium	05/04/2024	3.28	3.68	0.07	-1.60	14.33
TWE	Treasury Wine Estates	5	High	Medium	20/04/2023	13.60	11.76	0.71	-2.41	-8.31
WHC	Whitehaven Coal	5	High	Medium	15/11/2022	8.18	7.16	1.54	0.28	6.36
WOR	Worley	4	High	Medium	08/05/2023	15.66	14.94	0.70	1.70	-0.13
XRO	Xero	4	Moderate	Long	02/04/2020	101.29	145.32		-0.48	43.47

Portfolio cash position: 9.5%

**Recent Sales** UPDATED 02/09/2024 17:00 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	20/08/2024	2.94	4.26	0.08	47.6
JBH	JB Hi-Fi (JBH)	4	Moderate	Medium	13/08/2024	56.8	75.44		32.82
NAB	Nation Australia Bank	6	Moderate	Medium	05/08/2024	30.33	35.06	3.59	27.43
GMG	Goodman Group	3	High	Medium	01/08/2024	21.15	36.44	0.36	73.99
RHC	Ramsay Healthcare	5	Moderate	Long	17/07/2024	68.86	47.25	0.93	-30.03
GMG	Goodman Group	1	High	Medium	12/07/2024	21.15	35.58	0.36	69.92
XRO	Xero	1	Moderate	Long	12/07/2024	101.29	140.35		38.56
PLS	Pilbara Minerals	4	High	Medium	12/06/2024	3.48	3.44		-1.15
CTD	Corporate Travel	4	Moderate	Medium	30/05/2024	16.46	13.06		-20.66
ILU	Iluka	4	High	Medium	10/05/2024	7.2	7.68	0.06	7.5
RMD	ResMed	5	Moderate	Medium	19/04/2024	33.23	27.92	0.39	-14.81
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

OPINION
ACTION

Opinions for stocks held in the Growth Portfolio

03/10/2024 09:18

National Storage (NSR) $2.53

NSR is very well positioned after its recently announced Ventures JV with GIC, which should provide short-term earnings support as NSR ramps up on the development front - this self-storage REIT remains one of our core holdings in two portfolios, liking both its 4.3% sustainable yield and strategic direction.

03/10/2024 09:16

Mirvac Group (MGR) $2.15

MGR has largely shrugged off its disappointing trading update in August, which saw lower development contributions and higher net interest costs weigh on performance and importantly FY25 guidance, which we thought was very conservative at the time.

01/10/2024 09:25

Evolution Mining Ltd (EVN) $4.64

Evolution Mining (EVN) has followed gold prices higher in 2024, advancing over 60% from its early-year low. EVN has evolved strongly as a business in recent times, but it is highly correlated to the gold price. For example, when gold corrected ~7% in mid-2024, EVN corrected a whopping 23%.

24/09/2024 09:24

Sandfire Resources Ltd (SFR) $9.23

SFR remains our preferred local major Cu exposure for an economic recovery in China and medium-term structural global electrification. Any follow-through on the hopes of a Chinese recovery is likely to drive SFR to fresh new highs. We may trim our large position into such a move but have no plans to grab easy money into current strength above $9 as the miner tests 3-month highs.

24/09/2024 09:19

South32 Ltd (S32) $3.20

South32 closed unchanged on Monday, struggling to make any headway despite emerging as one of the big winners from the Biden administration’s efforts to break China’s stranglehold on the supply of critical minerals. The miner is in line for $US166 million to process battery-grade manganese, and we felt that investors would embrace the news with more enthusiasm, let’s hope it’s a delayed reaction.

17/09/2024 09:21

Xero Ltd (XRO) $144.40

XRO continues to trade around its two-year high, and while it would be easy to grab our profits (~40%) and move on to fresh pastures, we see no reason as the business successfully pushes price hikes onto its growing number of customers. MM uses XRO, along with another 4.16m subscribers across 180 countries, and once it's all setup, it's hard work to move elsewhere, which equates to a sticky revenue stream

17/09/2024 09:20

CAR Group Ltd (CAR) v REA Group Ltd (REA)

CAR and REA have performed strongly through 2024, gaining +18.3% and +12%, respectively. The primary reason CAR is currently outperforming is REA’s ~$11bn bid for UK-based Rightmove (RMV LN). As is the norm, the bid has already been rejected, and the market is now considering REA’s next move—the stock's pulled back almost 12% since the announcement.

17/09/2024 09:13

Evolution Mining (EVN) $4.50

We trimmed our EVN position in July & August as we contemplated the risk/reward towards gold as it pushed towards fresh all-time highs. Our current discussions remind us of when Sandfire (SFR) hit our $10 target area in May; we trimmed our position in our Emerging Companies Portfolio but it’s never enough when the stock subsequently falls over 20%.

13/09/2024 09:26

Evolution Mining Ltd (EVN) $4.04

Gold sector heavyweight Newmont Corp (NEM) finished marginally lower on Thursday, while EVN gained +2.3%. Gold stocks struggled after the US hotter-than-expected CPI dashed the hopes of all but the most dovish economists that the Fed will cut interest rates by 0.5% next week, as opposed to the highly anticipated 0.25% cut.

13/09/2024 09:23

BHP Group (BHP) $38.81

We quickly added BHP this morning because some subscribers were questioning why it opened down on Thursday. The answer is that it traded ex-dividend $1.10 fully franked. The stock effectively gained 58c yesterday, or +1.5%, and was strong in the US overnight.