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 | 1M | 3M | 6M | 1y | 3y | 5y pa | ITD pa* |
|---|---|---|---|---|---|---|---|
| ACTIVE GROWTH | -0.74% | 6.05% | 14.81% | 0.85% | 14.76% | 14.66% | 13.31% |
| ASX 200 ACCUMULATION | -0.78% | 4.71% | 14.66% | 10.56% | 15.17% | 12.98% | 9.82% |
| VALUE ADD | +0.04% | +1.34% | +0.15% | (9.71%) | (0.41%) | +1.68% | +3.49% |
| 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 | 37.10 | 5.48 | 0.41 | 68.37 |
| APA | APA Group | 4 | Moderate | Medium | 12/12/2024 | 7.38 | 9.17 | 0.54 | -0.54 | 31.57 |
| BHP | BHP Group | 8.5 | Moderate | Long | 27/08/2019 | 39.06 | 44.42 | 10.14 | 1.21 | 39.68 |
| CSL | CSL Limited | 5 | Moderate | Medium | 09/07/2025 | 239.65 | 173.62 | 2.48 | 1.67 | -26.52 |
| GMG | Goodman Group | 5 | Moderate | Medium | 21/02/2025 | 34.16 | 32.90 | -1.64 | -3.69 | |
| GQG | GQG Partners | 3 | Moderate | Medium | 08/08/2025 | 1.75 | 1.64 | 0.04 | 0.62 | -4.00 |
| HUB | HUB24 | 4 | Moderate | Medium | 05/03/2025 | 71.36 | 116.46 | 0.73 | -0.06 | 64.22 |
| JHX | James Hardie Industries | 5 | High | Medium | 12/12/2024 | 51.22 | 32.84 | -3.04 | -35.88 | |
| MGR | Mirvac Group | 5 | Moderate | Medium | 17/07/2024 | 2.08 | 2.30 | 0.09 | -3.77 | 14.90 |
| MIN | Mineral Resources | 4 | High | Medium | 16/03/2023 | 44.12 | 47.04 | 0.34 | 11.00 | 7.39 |
| NEM | Newmont Corporation | 3 | High | Medium | 28/10/2025 | 118.51 | 120.30 | 0.67 | 1.51 | |
| NSR | National Storage REIT | 5 | Moderate | Medium | 11/08/2023 | 2.22 | 2.33 | 0.22 | -2.92 | 14.86 |
| PDN | Paladin Energy | 4 | High | Medium | 06/06/2024 | 11.20 | 9.32 | 4.13 | -16.79 | |
| SFR | Sandfire Resources | 3 | High | Medium | 07/04/2025 | 8.32 | 16.19 | 1.70 | 94.59 | |
| SUL | Super Retail Group | 4 | Moderate | Medium | 06/12/2024 | 15.20 | 16.13 | 1.37 | -3.24 | 15.13 |
| WBC | Westpac | 5 | Moderate | Medium | 21/02/2025 | 31.08 | 38.68 | 1.09 | 1.02 | 27.96 |
| WHC | Whitehaven Coal | 4 | High | Medium | 15/11/2022 | 8.18 | 7.25 | 1.85 | 2.98 | 11.25 |
| WOR | Worley | 5 | High | Medium | 08/05/2023 | 15.66 | 14.37 | 1.20 | 0.91 | -0.57 |
| WTC | WiseTech Global | 5 | High | Medium | 20/05/2025 | 94.91 | 71.13 | 0.16 | -1.51 | -24.89 |
| XRO | Xero | 5 | Moderate | Medium | 18/07/2025 | 171.24 | 149.00 | -1.17 | -12.99 |
| Company code | STOCK NAME | ACTIVITY | RISK | TIME HORIZON | EXIT DATE | ENTRY PRICE ($) | CLOSE PRICE ($) | DIVIDENDS ($) | GAIN / LOSS (%) |
|---|---|---|---|---|---|---|---|---|---|
| EVN | Evolution Mining | Sold 4% position | High | Long | 16/09/2025 | 8.15 | 9.44 | 0.19 | 18.2 |
| 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 |
Opinions for stocks held in the Growth Portfolio
Mirvac Group (MGR) $2.39
MGR retreated over 2% on Wednesday, following the weak real estate sector, a group that also came under pressure in the US this morning after Powell's comments. Read moreCSL Limited (CSL) 177.86
CSL -15.87: Belted today, down as much as 17% to the lowest level since 2018, after the company scrapped its 2026 target to demerge Seqirus. The reason? A sharp drop in US flu vaccination rates (-12% overall, -14% in seniors), pushing Seqirus revenues into a mid-teens decline and undermining the value case for a standalone listing. Read moreMineral Resources Ltd (MIN) $44.93
We’ve included MIN this morning as we hold the miner in our Active Growth Portfolio, but it only generated ~13% of its revenue from Li in FY25. MIN has placed its Bald Hill lithium mine in Western Australia under care and maintenance, but like a number in space, it can ramp up production if prices justify, with substantial lithium production capacity from ongoing expansions at Wodgina and Mt Marion. Read moreActive Growth Portfolio – Amendment
We are adding to two positions in the growth portfolio. Read moreWhitehaven Coal (WHC) $6.98
WHC -0.43% traded in a big range, though closed only mildly lower after posting a softer first-quarter production update, with weaker volumes and lower realised prices offsetting modest sales growth. Read moreXero Ltd (XRO) $154.38
While primarily a cloud accounting software business, Xero has been embedding AI features (bank‑reconciliation predictions, forecasting, analytics) into its platform. Read moreGoodman Group (GMG) $33.76
GMG is known as one of Australia’s largest industrial property and logistics real-estate players, however, they are now making a substantial strategic shift into the data-centre / digital infrastructure business. Read moreMirvac (MGR) $2.40
MGR-0.83% reported a solid start to FY26, highlighting resilience across its residential, development, and investment divisions. Read moreActions for stocks held in the Growth Portfolio
MGR
UPDATED
30/10/2025 09:58
MM are selling MGR in the Active Growth Portfolio, taking profit around $2.40
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MGR
UPDATED
30/10/2025 09:38
MM is now adopting a neutral view towards MGR
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CSL
UPDATED
28/10/2025 17:37
CSL
UPDATED
28/10/2025 13:50
MM is long and cautiously bullish towards CSL
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MIN
UPDATED
28/10/2025 10:21
XRO
UPDATED
28/10/2025 09:15
MM is adding to XRO in Active Growth Portfolio, targeting a 5% portfolio weighting
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WHC
UPDATED
24/10/2025 17:04
MM remains long & bullish WHC
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XRO
UPDATED
23/10/2025 09:09
MM is bullish and long XRO in our Active Growth Portfolio
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GMG
UPDATED
23/10/2025 09:08
MM is long and bullish GMG
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MGR
UPDATED
22/10/2025 17:26
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