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 30/04/2025 17:00
Portfolio	1m	3m	1y	3y	5y pa	ITD pa*
ACTIVE GROWTH	1.76%	-6.27%	-4.93%	7.21%	13.63%	11.87%
ASX 200 ACCUMULATION	3.62%	-3.69%	7.70%	7.18%	12.14%	9.06%
VALUE ADD	(1.86%)	(2.58%)	(14.72%)	+0.03%	+1.49%	+2.81%

* 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 (%)
ALL	Aristocrat Leisure	5	High	Long	01/04/2025	65.13	68.01		0.32	4.42
ANZ	ANZ Bank	6	Moderate	Long	08/02/2023	25.29	30.08	4.40	0.80	36.34
APA	APA Group	4	Moderate	Medium	12/12/2024	7.38	8.34	0.24	-0.30	16.26
BHP	BHP Group	7.5	Moderate	Long	27/08/2019	39.63	37.88	8.83	0.74	17.87
CAR	CAR Group	4	High	Medium	12/03/2025	34.45	34.46	0.4675	0.97	1.39
GMG	Goodman Group	5	Moderate	Medium	21/02/2025	34.16	30.78		0.00	-9.89
HUB	HUB24	5	Moderate	Medium	05/03/2025	71.36	77.84	0.3429	-0.57	9.56
ILU	Iluka Resources	4	High	Medium	30/10/2024	6.02	3.99	.06	-0.62	-32.72
JHX	James Hardie Industries	5	High	Medium	12/12/2024	51.22	36.92		-1.47	-27.92
MQG	Macquarie Group	5	Moderate	Medium	07/11/2024	224.33	197.22	2.39	0.68	-11.02
MGR	Mirvac Group	5	Moderate	Medium	17/07/2024	2.08	2.33		1.30	12.02
MIN	Mineral Resources	4	High	Medium	16/03/2023	44.12	21.19	0.34	4.13	-51.20
NSR	National Storage REIT	5	Moderate	Medium	11/08/2023	2.22	2.34	0.12	0.86	10.81
PDN	Paladin Energy	4	High	Medium	06/06/2024	15.16	6.40		4.92	-57.78
SFR	Sandfire Resources	4	High	Medium	07/04/2025	8.32	10.30		0.19	23.80
SUL	Super Retail Group	4	Moderate	Medium	06/12/2024	15.20	13.35	0.46	0.75	-9.14
WBC	Westpac	5	Moderate	Medium	21/02/2025	31.08	31.59		-0.69	1.64
WHC	Whitehaven Coal	4	High	Medium	15/11/2022	8.18	5.06	1.67	0.20	-17.73
WOR	Worley	5	High	Medium	08/05/2023	15.66	12.02	0.95	0.50	-17.18
XRO	Xero	4	Moderate	Long	02/04/2020	101.29	166.47		0.13	64.35

Portfolio cash position: 5.5%

**Recent Sales** UPDATED 07/04/2025 17:00 trade now
Company code	STOCK NAME	ACTIVITY	RISK	TIME HORIZON	EXIT DATE	ENTRY PRICE ($)	CLOSE PRICE ($)	DIVIDENDS ($)	GAIN / LOSS (%)
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

06/05/2025 09:20

APA Group (APA) $8.32

APA rallied +1.1% on Monday, testing its 2025 high on a day when the ASX came under pressure. We have discussed APA a few times recently, holding onto an unwavering bullish view.

02/05/2025 09:25

Goodman Group (GMG) $31.00

The GMG share price has endured a tough year after raising $4bn at $33.50 in February for data centre expansion. This was not ideal timing, as the sector came under pressure in the ensuing weeks due to the questions being raised around demand for data centres following the DeepSeek announcements.

02/05/2025 09:23

NEXTDC (NXT) $12.37

NXT has been at the forefront of local data centre expansion, but over the last year, solid alternatives have arisen for ASX investors in the form of GMG and DGT. Encouragingly, Goldman has just added NXT to its APAC Conviction list as they foresee ongoing demand for digital infrastructure.

01/05/2025 09:28

Paladin Energy Ltd (PDN) $5.85

Market heavyweight PDN has been kinder to the shorts, declining over 20% so far in 2025 as the company has consistently disappointed operationally, including withdrawing guidance last month following heavy rain in Namibia.

01/05/2025 09:22

BHP Group Ltd (BHP) $38.19

BHP is down less than 4% in 2025, but it also closed on its high yesterday, although in a less dramatic manner, with the miners treading water for most of Wednesday.

29/04/2025 17:42

Whitehaven Coal (WHC) $5.08

WHC +4.74%: Delivered a strong March quarter, tracking toward full-year guidance for FY25.

29/04/2025 17:41

Mineral Resources (MIN) $20.57

MIN +13.15%: Jumped on their 3rd quarter result on softer production numbers though reiterated full-year guidance and provided comfort around the balance sheet, progression of the search for a new and improved board and an update eon reparations of the key Onslow Iron haul road asset.

29/04/2025 09:37

James Hardie Plc (JHX) $36.83

JHX sprang out of the blocks on Monday, opening up $1.77, or 4.9%, after the board offered an olive branch to extremely disgruntled shareholders in the form of a promise from Chairman Anne Lloyd stating that “the board has no intention to seek ASX Foreign Exempt Listing status” and, more importantly, will “hold a shareholder vote before making any decision to change our ASX listing status”.

29/04/2025 09:36

National Storage REIT (NSR) $2.24

NSR confirmed yesterday that it had purchased a 4.78% stake in $1.9bn rival Abacus Storage King (ABK). Still, it does not plan to make a rival bid for ABK, which is already under offer from a South African Billionaire via a consortium formed between Nathan Kirsh’s family office, Ki Corporation, and New York-listed giant, Public Storage.

24/04/2025 09:38

Evolution Mining Ltd (EVN) $7.90

Gold and copper (25%) miner EVN delivered a solid quarterly update earlier this month, catapulting the stock towards $9. We have written extensively about EVN over the recent months, having successfully held the stock through the 2024 explosive advance.