Active Growth Portfolio

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

13.43% PA Since Inception (2016)

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 30/06/2025 17:00
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** 20 MINUTES DELAYED 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	30.22	5.48	-0.72	41.16
APA	APA Group	4	Moderate	Medium	12/12/2024	7.38	8.35	0.54	0.36	20.46
BHP	BHP Group	8.5	Moderate	Long	27/08/2019	39.06	40.80	8.83	-1.92	27.06
CSL	CSL Limited	4	Moderate	Medium	09/07/2025	245.75	267.92		-0.61	9.02
EVN	Evolution Mining	4	Moderate	Medium	20/05/2025	8.15	7.30		-3.18	-10.43
GMG	Goodman Group	5	Moderate	Medium	21/02/2025	34.16	34.84		-0.37	1.99
HUB	HUB24	4	Moderate	Medium	05/03/2025	71.36	104.53	0.27	0.75	46.86
JHX	James Hardie Industries	5	High	Medium	12/12/2024	51.22	41.13		-1.86	-19.70
MQG	Macquarie Group	5	Moderate	Medium	07/11/2024	224.33	214.15	6.88	0.14	-1.47
MGR	Mirvac Group	5	Moderate	Medium	17/07/2024	2.08	2.21	0.09	-0.45	10.58
MIN	Mineral Resources	4	High	Medium	16/03/2023	44.12	32.32	0.34	0.69	-25.97
NSR	National Storage REIT	5	Moderate	Medium	11/08/2023	2.22	2.36	0.22	0.85	16.22
PDN	Paladin Energy	4	High	Medium	06/06/2024	11.20	7.23		-2.17	-35.45
SFR	Sandfire Resources	3	High	Medium	07/04/2025	8.32	11.06		-1.60	32.93
SUL	Super Retail Group	4	Moderate	Medium	06/12/2024	15.20	14.96	0.46	-0.40	1.45
WBC	Westpac	5	Moderate	Medium	21/02/2025	31.08	33.03	1.09	-0.78	9.78
WHC	Whitehaven Coal	4	High	Medium	15/11/2022	8.18	6.95	1.67	-1.14	5.38
WOR	Worley	5	High	Medium	08/05/2023	15.66	13.17	0.95	1.00	-9.83
WTC	WiseTech Global	4	High	Medium	20/05/2025	101.24	120.16		0.18	18.69
XRO	Xero	4	Moderate	Medium	18/07/2025	181.34	178.09		0.02	-1.79

Portfolio cash position: 7.5%

**Recent Sales** UPDATED 18/07/2025 17:00 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

OPINION
ACTION

Opinions for stocks held in the Growth Portfolio

25/07/2025 16:54

Whitehaven Coal (WHC) $6.95

WHC -1.14%: managed ROM coal production for the fourth quarter of 10.59 million tons vs. 9.19 million q/q. FY26 guidance will be provided with Whitehaven’s FY25 financial results scheduled for release on 21 August

25/07/2025 09:49

Active Growth & Emerging Companies Portfolios – Update on PDN

MM is adding to an existing position

24/07/2025 17:15

Macquarie Group (MQG) $213.84

MQG –5.08%: Held their AGM today, announced the CFO was retiring, and provided a 1Q trading update that was slightly softer than the market was expecting.

24/07/2025 17:14

Paladin Energy (PDN) $7.39

PDN +1.93%: was hit yesterday on lower-than-expected FY26 guidance, though it recovered some of the loss today as the company did the rounds. We had them in this morning, and we came away from the meeting with more confidence about what comes next.

24/07/2025 09:34

James Hardie PLC (JHX) $41.79

JHX is then obvious stock to consider in the segment with over 70% of its revenue coming from the US. The stock has been the naughty corner for almost 18 months, but its huge $US8.75bn takeover of US outdoor living products business AZEK has left it largely friendless amongst local investors.

24/07/2025 09:20

Whitehaven Coal (WHC) $7.18

This predominantly Met Coal miner has bounced almost 70% from its April low, and we believe there's more to come. The company is delivering operationally and is on track to meet FY25 guidance, positioning it very well if higher prices are sustained, or as we believe likely compounded.

23/07/2025 17:40

Paladin Energy (PDN) $7.25

PDN -11.26%: The June quarter update showed a decent recovery given rain events earlier in the year, though the FY26 guidance disappointed and highlighted continued operational underperformance.

22/07/2025 09:19

BHP Group (BHP) v Commonwealth Bank (CBA)

The outperformance by CBA over BHP has been dramatic over the last 18 months, but it's started to snap back since late June: BHP has rallied +14% while CBA has fallen 8%, a more than 20% relative move, and we are looking for more of the same over the coming weeks/months:

22/07/2025 09:18

South32 (S32) v ANZ Group (ANZ)

South32 (S32) awoke from its slumber yesterday’s advancing +4.5% but overall ANZ and S32 have largely danced in sync over the last 18 months as CBA enjoyed the bulk of the aggressive momentum in flows, the same “weak longs” that’s likely to see the bank lead any further weakness across the banking sector.

22/07/2025 09:17

Mineral Resources (MIN) v Westpac Bank (WBC)

Mineral Resources (MIN) is a situation play that’s endured a tough year where if it could go wrong it has, including being exposed to lithium and iron ore, two of the weakest commodities of late.