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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 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%
* Inception date 10/05/2016
Portfolio Holdings trade now
CODE NAME WEIGHT (%) RISK TERM BUY DATE BUY PRICE ($) LAST PRICE ($) DIVIDENDS ($) DAILY CHANGE (%) GAIN / LOSS (%)
ANZ ANZ Bank 6 Moderate Long 08/02/2023 25.29 34.37 5.48 0.53 57.57
APA APA Group 4 Moderate Medium 12/12/2024 7.38 9.02 0.54 0.89 29.54
BHP BHP Group 8.5 Moderate Long 27/08/2019 39.06 41.89 10.14 -0.17 33.21
CSL CSL Limited 5 Moderate Medium 09/07/2025 239.65 205.72 2.48 0.19 -13.12
GMG Goodman Group 5 Moderate Medium 21/02/2025 34.16 33.57 -0.71 -1.73
GQG GQG Partners 3 Moderate Medium 08/08/2025 1.75 1.62 0.04 0.00 -5.14
HUB HUB24 4 Moderate Medium 05/03/2025 71.36 103.81 0.73 0.74 46.50
JHX James Hardie Industries 5 High Medium 12/12/2024 51.22 33.24 9.92 -35.10
MGR Mirvac Group 5 Moderate Medium 17/07/2024 2.08 2.29 0.09 -0.87 14.42
MIN Mineral Resources 4 High Medium 16/03/2023 44.12 43.63 0.34 3.14 -0.34
NSR National Storage REIT 5 Moderate Medium 11/08/2023 2.22 2.36 0.22 0.43 16.22
PDN Paladin Energy 4 High Medium 06/06/2024 11.20 8.88 0.91 -20.71
SFR Sandfire Resources 3 High Medium 07/04/2025 8.32 15.80 0.89 89.90
SUL Super Retail Group 4 Moderate Medium 06/12/2024 15.20 16.10 1.37 -1.53 14.93
WBC Westpac 5 Moderate Medium 21/02/2025 31.08 39.27 1.09 -0.25 29.86
WHC Whitehaven Coal 4 High Medium 15/11/2022 8.18 6.51 1.85 -0.15 2.20
WOR Worley 5 High Medium 08/05/2023 15.66 14.21 1.20 -0.63 -1.60
WTC WiseTech Global 4 High Medium 20/05/2025 101.24 85.53 0.16 -0.37 -15.36
XRO Xero 4 Moderate Medium 18/07/2025 181.34 154.79 -1.70 -14.64
Portfolio cash position: 12.5%
Recent Sales trade now
Company code STOCK NAME ACTIVITY RISK TIME HORIZON EXIT DATE ENTRY PRICE ($) 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
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Opinions for stocks held in the Growth Portfolio

James Hardie Industries (JHX) $33.24

JHX +9.9%: Released preliminary Q2 FY26 results that point to the start of a turnaround in its North American business with the US-listing performing strongly overnight. 

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Whitehaven Coal Ltd (WHC) $6.70

US coal giant Peabody (BTU US) has surged over 70% since mid-September, with the coal miner discussed in late September here. The $1 billion share buyback and steady dividend policy, with the company pledging to return at least 65% of free cash flow to shareholders, is a sign that the coal stocks can come back to life after a tough few years.

Read more

Mineral Resources (MIN) $39.58

MIN followed the lithium names lower on Wednesday, finishing the day down 3.8%. In FY25, MIN only generated around 14% of its revenue from lithium, but it does have a larger influence on the share price as it's seen as a major part of the company's future.

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BHP Group (BHP) $41.47

BHP and China are negotiating around the price of contract renewals. China needs BHP’s ore, and BHP needs to sell it to them,  so we expect a resolution in the next week or so, hopefully it doesn’t squeeze BHP too hard.

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Mineral Resources (MIN) $39.58

MIN followed the lithium names lower on Wednesday, finishing the day down 3.8%. In FY25, MIN only generated around 14% of its revenue from lithium, but it does have a larger influence on the share price as it's seen as a major part of the company's future.

Read more

Paladin Energy (PDN) $8.68

Last week, Paladin tapped the market with a A$300m underwritten equity raise (plus a A$20m SPP) at A$7.25/sh, representing an ~8% discount to the 5-day VWAP ahead of the announcement. The share price has performed well since, with the available SPP now priced at a ~20% discount to last, making it very attractive for investors to try and pick additional shares, up to 30k.

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Shawn’s Trade Idea: Buy Paladin Energy Ltd (PDN) $8.20 Limit

Global Uranium stocks posted fresh 2025 highs last week, and PDN in particular looks poised to break out, above the $8.40 resistance area. The $300mn capital raise at $7.25 earlier in the month has weighed on PDN in recent sessions, but the stock is already trading more than 10% above the raise, illustrating strong support below $8. It feels like a quick, sharp ~25% rally towards $10 is around the corner.

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ANZ Group (ANZ) $32.78

ANZ grabbed several headlines this week for the wrong reasons while they also hosted an investor call to provide more clarity on how they are addressing these challenges, and importantly, what the immediate focus is for the bank.

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Super Retail (SUL) $16.52

SUL -4.29%: Shares were soft today after the board sacked CEO Anthony Heraghty after admitting his disclosures about a relationship with senior executive Jane Kelly were “not satisfactory.” CFO David Burns steps in as interim CEO.

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Actions for stocks held in the Growth Portfolio

JHX
UPDATED 08/10/2025 17:22
MM remains long and bullish JHX
Add To Hit List
MIN
UPDATED 07/10/2025 18:03
MM is long and bullish towards MIN
Add To Hit List
BHP
UPDATED 07/10/2025 18:03
MM remains long and bullish towards BHP
Add To Hit List
WHC
UPDATED 07/10/2025 18:00
Trade Idea: Buy Whitehaven Coal (WHC) using a limit of $6.72 with stops below $6.36 – for 5% risk.
Add To Hit List
PDN
UPDATED 24/09/2025 11:46
MM remains long & bullish PDN
Add To Hit List
ANZ
UPDATED 22/09/2025 17:10
MM remains bullish on ANZ despite the headlines
Add To Hit List
PDN
UPDATED 22/09/2025 09:10
Trade Idea: Buy Paladin (PDN) below $8.20 with stops below $7.70 – for 6% risk.
Add To Hit List
PDN
UPDATED 16/09/2025 18:25
MM is long and bullish PDN
Add To Hit List
EVN
UPDATED 16/09/2025 18:25
MM is now neutral towards EVN short term
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MIN
UPDATED 16/09/2025 18:24
MM is long and bullish MIN
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