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International Equities Portfolio

For those seeking international direct equities exposure

About the International Equities Portfolio

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
Portfolio 1M 3M 6M 1Y 3Y pa ITD pa*
International Equities -1.86% 7.98% 2.57% 15.67% - 23.90%
Target 10% 0.83% 2.50% 5.00% 10.00% - 10.00%
Difference -2.69% +5.48% -2.43% +5.67% - +13.90%
* Inception date 26/06/2019
Portfolio Holdings trade now
COMPANY CODE STOCK NAME WEIGHT (%) RISK TIME HORIZON ENTRY DATE ENTRY PRICE ($) LAST PRICE ($) DIVIDENDS ($) GAIN / LOSS (%)
700 HK Tencent Holdings Ltd (HKD) 6 High Medium 22/01/2020 386.51 452.8 2.8 17.88
AAPL US Apple 6 Moderate Medium 26/06/2019 48.49 169.8 2.3 254.92
AMZN US Amazon 6 Moderate Medium 27/08/2021 3333.2 3178.35 -4.65
BABA US Alibaba Group Holding Ltd 6 Moderate Medium 27/11/2019 194.97 128.6 -34.04
BC US Brunswick Corp/DE 5 Moderate Medium 07/04/2021 96.96 93.95 1.02 -2.05
BHP LN BHP Group PLC (GBp) 6 Moderate Medium 24/10/2019 1650 2415 170.43 56.69
DE US Deere & Co Ltd 6 Moderate Long 6/08/2021 367 383.91 2.1 5.18
FCX US Freeport-McMoRan 5 Moderate High 04/11/2021 38.5 44.29 0.07 15.22
GLEN LN Glencore (GBp) 6 Moderate Long 25/11/2021 355 413.8 16.56
GOLD US Barrick Gold Corp 7 Moderate Medium 18/03/2021 20.59 18.56 0.24 -8.69
JD US JD.com 5 High Medium 16/07/2021 76.87 73.4 -4.51
MSFT US Microsoft Corp 6 Moderate Medium 25/02/2020 161.38 302.65 3.32 89.6
PYPL US PayPal Holdings Inc 6 High Medium 02/07/2021 290.84 174.46 -40.02
TTD US Trade Desk Inc/The 6 High Medium 24/04/2020 35.77 71 98.49
WFC US Wells Fargo & Co 9 Moderate Medium 27/11/2019 51.26 56.69 1.04 12.62
XOM US Exxon Mobil 5 High Medium 27/08/2021 55.4 73.08 31.91
Portfolio cash position: 4%
Recent Sales trade now
Company code STOCK NAME WEIGHT(%) RISK TIME HORIZON EXIT DATE ENTRY PRICE ($) CLOSE PRICE ($) DIVIDENDS ($) GAIN / LOSS (%)
SHOP US Shopify Inc 6 High Medium 25/11/2021 1324.28 1650 24.6
ZM US Zoom 4 High Medium 06/10/2021 369.75 251.3 -32.04
005930 KS Samsung Electronics Co Ltd (KRW) 5 Moderate Medium 27/08/2021 46250 74500 3702 69.09
2318 HK Ping An Insurance Group Co of 7 Moderate Medium 06/08/2021 91.28 68.05 3.15 -22
VALE US Vale SA 6 High Medium 22/07/2021 10.26 22.46 118.91
UBS US UBS Group AG 4 Moderate Medium 14/04/2021 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
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Opinions for stocks held in the International Equities Portfolio

Gold ($US/oz)

Precious metals enjoyed a strong move overnight with gold rallying over $US30/oz taking its to fresh 2-month highs even as the market factors in rising interest rates, a definite example of a market rallying on theoretically bad news. With the $US struggling and bond yields have already popped to multi year highs MM is comfortable with our overweight exposure to precious metals.

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BHP Group (BHP) $46.56

BHP -0.3%: the Big Australian was out with their December Quarter update today highlighting operations for the first half which were largely as expected. Where it mattered in iron ore BHP hit the numbers, up 1% QoQ and maintaining guidance. A ramp up in production out of the South Flank operations were slightly offset by a lack of train operators...

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Wells Fargo & Co (WFC US) $US56.73

US bank Wells Fargo is our largest holding in our International Portfolio and after surging in recent weeks MM is looking to reduce the holding from 9% to 6%, a great result for a position that was struggling in its early days and had a difficult time through the pandemic.

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International Equities Portfolio

The MM International Equities Portfolio fell -2.02% during the week while cash remains at 4%. The main headwind on performance came from The Trade Desk (TTD US) which fell by -16.39% on no specific company news, simply the move out of high value tech. PayPal (PYPL) & Microsoft (MSFT) were also caught up in the move down -8.95% & -3.96% respectively. On the flipside, the resource stocks in this portfolio did well, both BHP and Glencore up more than 6%.

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Active Income Portfolio

The Income Portfolio added +0.87% over the course of the week while cash sits at ~4%. AGL Energy (AGL) led the line up +5.60% although after such a strong rally from the lows, some consolidation here would not surprise, BHP was also strong +4.59% while Alumina (AWC) +3.98% has been on the recovery path. The most notable drag was Magellan Financial Group (MFG) down by -5.53%.

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BHP Group (BHP) $46.70

BHP has experienced a volatile ride over the  last 6-months having been heavily influenced by the respective aggressive moves in both iron ore and oil. In less than 2-weeks’ time BHP will no longer be listed in the UK and its market cap in Australia will soar, taking it from around 6% of the ASX200 to closer to 10%, reclaiming its “Big” title in the process. By definition...

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Flagship Growth Portfolio

The MM Growth Portfolio rallied 0.64% last week outperforming the market which only edged 0.2% higher, our cash positions sits at 2% i.e. we’re still long and bullish. We enjoyed strong performances from a mix of stocks although energy was front and centre i.e. BHP Group (BHP) +4.59%, Santos (STO) +4.9% and ResMed (RMD) +5.73% conversely we saw a...

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Exxon Mobil Corp (XOM US) $US71.01

MM holds XOM in our International Equities Portfolio, the stocks surged higher this month and another 20% upside in the coming months feels on the cards.

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Apple Inc (AAPL US) $US174.85

Similar to ALU in our Growth Portfolio this morning we have considered one of our top tech positions in the International Portfolio with a similar conclusion. Again we are looking to pare back our exposure to the lofty tech valuations in 2022 but quality / growth companies cannot be ignored in a market where the strong keep delivering and the weak...

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International Equities Portfolio

The International Equities Portfolio is 2.27% higher than when we last penned this report with +1.79% of the gain occurring this week. Cash remains at ~4%.  A few of the recent ‘pain points’ in the portfolio rallied led by JD.com (JD US) +19.35% & Alibaba (BABA US) +10.37%,  offset to some degree by falls in Microsoft (MSFT US) and Apple (AAPL US)...

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Actions for stocks held in the International Equities Portfolio

GOLD US
UPDATED 20/01/2022 17:22
MM remains bullish gold into 2022
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BHP
UPDATED 19/01/2022 17:54
MM remains bullish BHP
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WFC US
UPDATED 19/01/2022 17:54
MM is looking to reduce our WFC position
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BHP
UPDATED 19/01/2022 17:53
MM will consider trimming our position into further strength
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XOM US
UPDATED 14/01/2022 09:08
MM remains bullish and long XOM
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AAPL:US
UPDATED 12/01/2022 17:29
MM can see Apple test $US200 in Q1
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BHP
UPDATED 12/01/2022 17:27
MM is long and bullish BHP
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BABA US
UPDATED 22/12/2021 17:10
MM can see BABA US trading between $US100 and $US160 through 2022, and would be happy buyers around current levels
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AMZN US
UPDATED 21/12/2021 17:39
MM remains long and bullish AMZN
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MSFT US
UPDATED 21/12/2021 17:38
MM remains long and bullish Microsoft
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