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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 ($) DAILY CHANGE (%) GAIN / LOSS (%)
ANZ ANZ Bank 6 Moderate Long 08/02/2023 25.29 37.10 5.48 0.68 68.37
APA APA Group 4 Moderate Medium 12/12/2024 7.38 9.20 0.54 0.44 31.98
BHP BHP Group 8.5 Moderate Long 27/08/2019 39.06 43.34 10.14 -0.46 36.92
CSL CSL Limited 5 Moderate Medium 09/07/2025 239.65 177.86 2.48 -15.87 -24.75
GMG Goodman Group 5 Moderate Medium 21/02/2025 34.16 33.92 -1.22 -0.70
GQG GQG Partners 3 Moderate Medium 08/08/2025 1.75 1.63 0.04 0.62 -4.57
HUB HUB24 4 Moderate Medium 05/03/2025 71.36 115.20 0.73 1.19 62.46
JHX James Hardie Industries 5 High Medium 12/12/2024 51.22 34.15 0.00 -33.33
MGR Mirvac Group 5 Moderate Medium 17/07/2024 2.08 2.44 0.09 0.83 21.63
MIN Mineral Resources 4 High Medium 16/03/2023 44.12 42.15 0.34 -6.19 -3.69
NEM Newmont Corporation 3 High Medium 28/10/2025 118.51 118.18 -4.07 -0.28
NSR National Storage REIT 5 Moderate Medium 11/08/2023 2.22 2.42 0.22 0.00 18.92
PDN Paladin Energy 4 High Medium 06/06/2024 11.20 8.04 -4.40 -28.21
SFR Sandfire Resources 3 High Medium 07/04/2025 8.32 15.46 -3.56 85.82
SUL Super Retail Group 4 Moderate Medium 06/12/2024 15.20 16.83 1.37 1.32 19.74
WBC Westpac 5 Moderate Medium 21/02/2025 31.08 39.50 1.09 1.00 30.60
WHC Whitehaven Coal 4 High Medium 15/11/2022 8.18 7.07 1.85 -0.84 9.05
WOR Worley 5 High Medium 08/05/2023 15.66 14.30 1.20 -1.65 -1.02
WTC WiseTech Global 5 High Medium 20/05/2025 95.00 71.52 0.16 -15.88 -24.55
XRO Xero 5 Moderate Medium 18/07/2025 171.18 153.78 1.06 -10.16
Portfolio cash position: 7.5%
Recent Sales trade now
Company code STOCK NAME ACTIVITY RISK TIME HORIZON EXIT DATE ENTRY PRICE ($) 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

CSL 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.

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Mineral 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.

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Whitehaven 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.

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Xero 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.

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Goodman 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.

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Mirvac (MGR) $2.40

MGR-0.83% reported a solid start to FY26, highlighting resilience across its residential, development, and investment divisions.

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Evolution Mining (EVN)

EVN –2.89%: Reported a steady first quarter, with output slightly softer across most assets – Cowal (-5.3%), Ernest Henry (-5.6%), and Red Lake (-6.3%) – though this was partly offset by Mungari (+2.6%), which continues to perform well.

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Paladin Energy (PDN) $9.62

PDN +9.57%: Delivered a clean September quarter update that reaffirmed confidence in their operations. The update was well received by the market which has been waiting for positive signs at the Langer-Heinrich operation after a number of operational setbacks over the past 12 months.

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Actions for stocks held in the Growth Portfolio

CSL
UPDATED 28/10/2025 17:37
MM will remain patient on CSL for now
Add To Hit List
CSL
UPDATED 28/10/2025 13:50
MM is long and cautiously bullish towards CSL
Add To Hit List
MIN
UPDATED 28/10/2025 10:21
MM is bullish towards MIN ~$45
Add To Hit List
XRO
UPDATED 28/10/2025 09:15
MM is adding to XRO in Active Growth Portfolio, targeting a 5% portfolio weighting
Add To Hit List
WHC
UPDATED 24/10/2025 17:04
MM remains long & bullish WHC
Add To Hit List
XRO
UPDATED 23/10/2025 09:09
MM is bullish and long XRO in our Active Growth Portfolio
Add To Hit List
GMG
UPDATED 23/10/2025 09:08
MM is long and bullish GMG
Add To Hit List
MGR
UPDATED 22/10/2025 17:26
MM remains long & bullish MGR
Add To Hit List
HUB
UPDATED 22/10/2025 10:20
MM remains long & bullish HUB
Add To Hit List
BHP
UPDATED 21/10/2025 17:20
MM remains long & bullish BHP
Add To Hit List
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