International Equities Portfolio

For those seeking international direct equities exposure

27.53% Returns pa since inception to 31-8-21

About The Portfolio

A high conviction direct international equities portfolio that targets well known global brands, along with some smaller, high growth opportunities.

Prices in $US unless otherwise stated in the stock name

**Portfolio Performance** UPDATED 01/09/2021 09:00
Portfolio	1M	3M	6M	1Y	3Y pa	ITD pa*
International Equities	-0.37%	7.10%	8.39%	21.45%	-	27.53%
Target 10%	0.83%	2.50%	5.00%	10.00%	-	10.00%
Difference	-1.20%	+4.60%	+3.39%	+16.79%	-	+17.53%

* Inception date 26/06/2019

**Portfolio Holdings** UPDATED 15/09/2021 08:30 trade now
COMPANY CODE	STOCK NAME	WEIGHT (%)	RISK	TIME HORIZON	ENTRY DATE	ENTRY PRICE ($)	LAST PRICE ($)	DIVIDENDS ($)	GAIN / LOSS (%)
700 HK	Tencent Holdings Ltd (HKD)	6	High	Medium	22/01/2020	386.51	472.8	2.8	23.05
AAPL US	Apple	6	Moderate	Medium	26/06/2019	48.49	148.12	2.08	209.75
AMZN US	Amazon	6	Moderate	Medium	27/08/2021	3333.2	3450		3.5
BABA US	Alibaba Group Holding Ltd	6	Moderate	Medium	27/11/2019	194.97	160.15		-17.86
BC US	Brunswick Corp/DE	5	Moderate	Medium	07/04/2021	96.96	97.01	0.68	0.75
BHP LN	BHP Group PLC (GBp)	6	Moderate	Medium	24/10/2019	1650	2026	170.43	33.12
DE US	Deere & Co Ltd	6	Moderate	Long	6/08/2021	367	355.98		-3
GOLD US	Barrick Gold Corp	7	Moderate	Medium	18/03/2021	20.59	19.5	0.12	-4.71
JD US	JD.com	5	High	Medium	16/07/2021	76.87	77.9		1.34
MSFT US	Microsoft Corp	6	Moderate	Medium	25/02/2020	161.38	299.79	2.7	87.44
PYPL US	PayPal Holdings Inc	6	High	Medium	02/07/2021	290.84	282.24		-2.96
SHOP US	Shopify Inc	6	High	Medium	16/06/2021	1324.28	1451.28		9.59
TTD US	Trade Desk Inc/The	6	High	Medium	24/04/2020	35.77	70.83		98.02
WFC US	Wells Fargo & Co	5	Moderate	Medium	27/11/2019	54.21	46.05	1.52	-12.25
XOM US	Exxon Mobil	5	High	Medium	27/08/2021	55.4	54.58		-1.48
ZM US	Zoom	4	High	Medium	09/09/2020	369.75	281.44		-23.88

Portfolio cash position: 9%

**Recent Sales** UPDATED 28/08/2021 08:00 trade now
Company code	STOCK NAME	WEIGHT(%)	RISK	TIME HORIZON	ENTRY DATE	ENTRY PRICE ($)	CLOSE PRICE ($)	DIVIDENDS ($)	GAIN / LOSS (%)
005930 KS	Samsung Electronics Co Ltd (KRW)	5	Moderate	Medium	03/07/2019	46250	74500	3702	69.09
2318 HK	Ping An Insurance Group Co of	7	Moderate	Medium	26/06/2019	91.28	68.05	3.15	-22
VALE US	Vale SA	6	High	Medium	2020-06-04 00:00:00	10.26	22.46		118.91
UBS US	UBS Group AG	4	Moderate	Medium	25/02/2020	12.2	15.7	0.91	36.15
GOOGL US	Alphabet Inc	6	Moderate	Long	7/04/2021	1257.3	2239.03		78.08
XOM US	Exxon Mobil Corp	5	Moderate	Medium	7/04/2021	40.96	56.39	3.48	46.17
JPM US	JPMorgan Chase & Co (GBp)	5	Moderate	Medium	17/03/2021	125.29	155.34	4.5	27.57
AAL LN	Anglo American PLC (GBp)	4	Moderate	Medium	10/03/2021	1962	2874	21.63	47.59
V US	Visa Inc (USD)	5	Moderate	Medium	10/02/2021	203.5	206.52	1.22	2.08
JHG US	Janus Henderson (USD)	4	Moderate	Medium	9/09/2020	22.84	19.76	1.26	-7.97
700 HK	Tencent (HKD)	2	Moderate	Medium	24/07/2020	386.51	536	1.2	38.99
MSFT US	Microsoft (USD)	2	Moderate	Medium	24/07/2020	161.37	202	0.51	25.49
UNH US	United Health (USD)	4	Moderate	Medium	28/05/2020	245.02	303.77	1.08	24.42
MC FP	LVMH Holdings (EURO)	4	Moderate	Medium	22/05/2020	387.55	359.85		-7.15
BAC US	Bank of America (USD)	5	Moderate	Medium	16/04/2020	30.36	22.19	0.36	-25.72
SH US	ProShares Short S&P500 (USD)	8	Short	High	25/02/2020	26.44	23.99	0.2	-8.51
GOLD US	Barrick Gold (USD)	5	Moderate	Medium	25/02/2020	16.01	22	0.54	40.79
NTFX US	Netflix (US)	5	Moderate	Medium	24/07/2019	382.77	315		-17.71

OPINION
ACTION

Opinions for stocks held in the International Equities Portfolio

08/09/2021 09:41

International Equities Portfolio

MM’s International portfolio fell -0.12% for the week however 0.89% of the fall was currency related (i.e. higher AUD). We enjoyed strong gains from our Asian facing holdings such as Alibaba (BABA US), JD.com Inc (JD US) and Tencent (700 HK) which announced a buyback of its depressed stock while we also unfortunately saw 5 of our positions fall...

03/09/2021 09:23

BHP Group (BHP) $41.94

BHP traded ex-dividend yesterday with the share price closing over 20% below its July high – the combination of tumbling iron prices, a $5.7bn investment in Potash, unification of its’s listing structure and BHP’s planned petroleum demerger with Woodside (WPL) has weighed on the share price in a major fashion. Interestingly both BHP and WPL...

01/09/2021 09:38

Flagship Growth Portfolio

The portfolio advanced +0.13% over the past week pretty much in-line with a flat market while for the month it gained +1.84%. On the stock level we enjoyed strong performances last week from Qantas (QAN), HUB24 (HUB) and Whitehaven Coal (WHC) while Altium (ALU), Bravura (BVS) and a2 Milk (A2M) where major drags – that’s the...

25/08/2021 09:32

International Equities Portfolio

The portfolio fell +xx% over the past week while cash remains at 15% affording us some flexibility to accumulate stocks into any weakness. We enjoyed standout performances by China facing Tencent (700 HK) +8.6% and JD.Com (JD US) +16.1% while our BHP position in London was not surprisingly the main casualty over the week.

24/08/2021 09:26

Exxon Mobil Corp (XOM US) $US54.91

We took a healthy +46% profit from our XOM holding in April missing the top but most importantly also the sharp correction through July and August. We again like the risk / reward with this $US232bn goliath for subscribers who are looking for some overseas exposure into the energy sector.

20/08/2021 09:26

BHP Group PLC (UK) GBP2163

BHP trading in London has been spearheading the drop in the resource stock but after tumbling ~15% from its intra-week high, and with the shares trading ex-dividend in the first week of September, the stocks effectively already arrived at our target zone providing a solid indication that its time to fade the unwind across the sector.

19/08/2021 09:37

Is BHP Group (BHP) still the “go to” in Australian Resources?

BHP has endured a tough time after reporting both earnings and a company restructure this week, firstly let’s look at a quick summary of the news, there was plenty of it:

18/08/2021 09:56

International Equities Portfolio

The portfolio fell -2.69% over the past week while cash now sits at 15% affording us some flexibility to accumulate stocks into any weakness. It was a tough time for a few of our holdings with Trade Desk Inc (TTD US), Alibaba (BABA US) and JD.com (JD US) all dropping by ~10% with 2 out of the 3 showing recent aversion to China since the tightened regulations is far from over.

18/08/2021 09:52

Flagship Growth Portfolio

The portfolio slipped -1.34% over the past week while cash sits at 7%, things actually felt worse at times which may be indicative of the markets “feel” at the moment. The portfolio experienced another very mixed week with notable strength from a2 Milk (A2M) and Bravura (BVS) while Lend Lease (LLC) and Zip (Z1P) weighed on the portfolio...

18/08/2021 09:38

BHP Billiton (BHP) $51.33

The big Australian reported overnight and there was a lot to unpack in the update. The stock rallied in London & fell heavily in the US, down over 6%.