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 | 1m | 3m | 6m | 1y | 3y pa | ITD pa* |
---|---|---|---|---|---|---|
ACTIVE GROWTH | 5.82% | 7.50% | 15.46% | 20.96% | 15.43% | 14.91% |
ASX 200 ACCUMULATION | 3.27% | 5.33% | 14.17% | 14.45% | 9.62% | 9.48% |
VALUE ADD | +2.55% | +2.17% | +1.29% | +6.51% | +5.81% | +5.43% |
COMPANY CODE | STOCK NAME | WEIGHT (%) | RISK | TIME HORIZON | ENTRY DATE | ENTRY PRICE ($) | LAST PRICE ($) | DIVIDENDS ($) | DAILY CHANGE (%) | GAIN / LOSS (%) |
---|---|---|---|---|---|---|---|---|---|---|
ANZ | ANZ Bank | 6 | Moderate | Long | 08/02/2023 | 25.29 | 28.46 | 2.29 | 0.32 | 21.59 |
BHP | BHP Group | 8 | Moderate | Long | 27/08/2019 | 39.51 | 45.17 | 12.38 | 1.64 | 45.66 |
CTD | Corporate Travel Mgmt | 4 | Moderate | Medium | 6/03/2024 | 16.46 | 15.94 | 1.05 | -3.16 | |
EVN | Evolution Mining | 4 | Moderate | Medium | 1/12/2022 | 2.94 | 4.04 | 0.08 | -2.88 | 40.14 |
GMG | Goodman Group | 4 | High | Medium | 24/10/2023 | 21.15 | 30.49 | 0.15 | -2.56 | 44.87 |
ILU | Iluka Resources | 4 | High | Medium | 07/02/2024 | 7.20 | 7.42 | 0.06 | 2.49 | 3.89 |
MFG | Magellan | 4 | High | Medium | 6/03/2024 | 9.15 | 8.97 | -0.66 | -1.97 | |
MIN | Mineral Resources | 5 | High | Medium | 16/03/2023 | 73.73 | 70.01 | 0.80 | 0.89 | -3.96 |
NAB | National Australia Bank | 6 | Moderate | Medium | 15/12/2022 | 30.33 | 33.46 | 2.39 | 0.94 | 18.20 |
NSR | National Storage REIT | 5 | Moderate | Medium | 11/08/2023 | 2.22 | 2.22 | 0.06 | 0.45 | 2.70 |
PLS | Pilbara Minerals | 4 | High | Medium | 18/01/2024 | 3.48 | 3.89 | 1.17 | 11.78 | |
RHC | Ramsay Healthcare | 5 | Moderate | Long | 12/04/2023 | 68.86 | 50.55 | 0.36 | -1.04 | -26.07 |
RMD | Resmed | 5 | Moderate | Medium | 28/10/2021 | 33.23 | 27.86 | 0.39 | -3.53 | -14.99 |
SFR | Sandfire Resources | 4 | High | Medium | 18/05/2023 | 5.87 | 9.14 | 1.50 | 55.71 | |
S32 | South32 | 4 | Moderate | Medium | 05/04/2024 | 3.19 | 3.28 | 0.92 | 2.82 | |
TWE | Treasury Wine Estates | 5 | High | Medium | 20/04/2023 | 13.60 | 11.92 | 0.66 | -0.46 | -7.50 |
WHC | Whitehaven Coal | 4 | High | Medium | 15/11/2022 | 8.18 | 7.88 | 1.16 | 1.03 | 10.51 |
WOR | Worley | 4 | High | Medium | 08/05/2023 | 15.85 | 16.50 | 0.50 | 1.04 | 7.26 |
XRO | Xero | 5 | Moderate | Long | 02/04/2020 | 101.29 | 119.51 | 0.67 | 17.99 |
Company code | STOCK NAME | WEIGHT(%) | RISK | TIME HORIZON | EXIT DATE | ENTRY PRICE ($) | CLOSE PRICE ($) | DIVIDENDS ($) | GAIN / LOSS (%) |
---|---|---|---|---|---|---|---|---|---|
EVN | Evolution Mining | 1 | Moderate | Medium | 5/04/2024 | 2.94 | 3.85 | 0.016 | 31.5 |
PDN | Paladin Energy | 4 | High | Medium | 5/04/2024 | 1.18 | 1.42 | 20.33 | |
ORA | Orora | 5 | Moderate | Medium | 3/04/2024 | 2.8 | 2.24 | 0.05 | -18.21 |
LLC | Lendlease | 5 | High | Medium | 6/03/2024 | 7.2 | 6.18 | -14.14 | |
ALU | Altium | 5 | High | Medium | 31/01/2024 | 42.53 | 49.27 | 15.85 | |
MQG | Macquarie Group | 6 | Moderate | Medium | 31/01/2024 | 177.99 | 189.41 | 13.29 | 13.88 |
NST | Northern Star | 5 | High | Medium | 18/01/2024 | 11.14 | 12.16 | 0.16 | 10.59 |
PDN | Paladin | 3 | High | Medium | 15/01/2024 | 0.83 | 1.31 | 57.83 | |
MFG | Magellan Financial Group | 4 | High | Medium | 08/01/2024 | 9.22 | 9.09 | 0.93 | 8.68 |
WDS | Woodside | 4 | Moderate | Medium | 24/10/2023 | 35.66 | 35.23 | 1.78 | 3.79 |
CWY | Cleanaway Waste Management | 5 | High | Medium | 05/10/2023 | 2.69 | 2.34 | 0.02 | -12.27 |
NCM | Newcrest Mining | 5 | Moderate | Medium | 25/08/2023 | 29.35 | 25.42 | 2.52 | -4.8 |
ELD | Elders | 3 | High | Medium | 25/08/2023 | 7.11 | 6.47 | -9 | |
SEK | Seek | 3 | High | Medium | 17/08/2023 | 24.29 | 23.35 | 0.34 | -2.47 |
GMG | GMG | 5 | Moderate | Medium | 11/08/2023 | 23.43 | 20.17 | 0.3 | -12.63 |
ILU | Iluka | 5 | Moderate | Medium | 21/06/2023 | 10.74 | 11.66 | 0.64 | 14.53 |
JHX | James Hardie | 4 | High | Medium | 21/06/2023 | 31.2 | 39.89 | 27.85 | |
CSL | CSL Limited | 4 | Moderate | Medium | 15/06/2023 | 260.92 | 279.41 | 3.82 | 8.55 |
JHX | James Hardie | 1 | High | Medium | 26/05/2023 | 31.2 | 37.83 | 21.25 | |
XRO | Xero | 2 | High | Long | 22/05/2023 | 92.85 | 108.79 | 17.16 | |
WDS | Woodside | 3 | Moderate | Medium | 08/05/2023 | 30.23 | 34.05 | 5.28 | 30.1 |
IGO | Independence Group | 3 | Moderate | Medium | 28/04/2023 | 10.66 | 13.61 | 0.27 | 30.21 |
SFR | Sandfire Resources | 3 | High | Medium | 20/04/2023 | 4.1 | 6.93 | 69.02 | |
CSL | CSL Ltd | 2 | Moderate | Medium | 20/04/2023 | 260.92 | 300.94 | 3.82 | 16.8 |
REA | REA Group | 2 | High | Medium | 20/04/2023 | 120.42 | 140.69 | 1.07 | 17.72 |
ALU | Altium | 5 | High | Medium | 12/04/2023 | 28.8 | 37.65 | 1.08 | 34.48 |
CBA | Commonwealth Bank | 5 | Moderate | Long | 08/02/2023 | 59.88 | 110.4 | 11.9 | 104.24 |
SEK | Seek | 5 | Moderate | Medium | 03/02/2023 | 19.86 | 25.55 | 28.65 | |
MQG | Macquarie Group | 2 | Moderate | Medium | 03/02/2023 | 178.3 | 190.89 | 6.34 | 10.61 |
SFR | Sandfire Resources | 1.07 | High | Medium | 18/01/2023 | 4.1 | 6.15 | 50 | |
HUB | HUB24 | 4 | Moderate | Medium | 09/01/2023 | 22.79 | 27.66 | 0.37 | 22.99 |
SFR | Sandfire Resources | 1.5 | High | Medium | 08/12/2022 | 4.07 | 5.38 | 32.18 |
Opinions for stocks held in the Growth Portfolio
Whitehaven Coal Ltd (WHC) $7.80
Coal miner WHC rallied +2% on Wednesday, making a new 10-week high in the process. We have been almost stubbornly bullish on WHC over the last year, but its fortunes are turning, and a test of its 2024 high is starting to feel like a matter of time. Remember last week, influential broker UBS significantly upgraded the miner, increasing their price target from $6.30 to $8.70; it's not often you see an almost 40% upgrade without left-field news. Read moreEvolution Mining (EVN) $4.16
EVN +7.49%: the gold & copper miner hit near 2-year highs today on the back of a 3Q update that was better than feared. They produced 185koz of gold in the quarter, up 15% from 2Q where they faced a few production issues including wet weather. The company also produced 20kt of copper, up ~30% which helped their net gold All In Sustaining Cost (AISC) number fall to $1,464/oz. Read moreResMed (RMD) versus CSL Ltd (CSL)
The Australian Healthcare is trading at a ~70% premium to the ASX 200 on a 1-year forward PE, which is close to its recent normal; hence, we are considering switching with the sector as opposed to outright buying or selling. RMD & CSL are two very different healthcare businesses, although both suffered in 2023 at the hands of Ozempic et al.. In both cases, the sell-off was over-blown in our opinion, but that’s the nature of stocks when the crowd runs as one. Read moreSouth32 Ltd (S32) $3.44
On Monday, S32 was the second-best performer in the ASX200, surging +4.6% following higher base metal prices. MM has been watching S32 carefully through its decline, looking for an optimum entry-level; we finally pressed the “Buy Button” earlier this month, already sitting on an ~8% gain. If we are correct and China’s economy is basing, and the global economy will continue to prove resilient, S32 will be very well positioned moving through 2024/5. Read moreActive Income Portfolio – Amendment
We are adding a stock to the Income Portfolio today Read moreXero Ltd (XRO) $121.80
MM remains a big fan of this online cloud-based accounting software company XRO, but after more than doubling from its 2022 low, we are closer to trimming than adding to our 5% position. However, this is a quality company, and we have no plans to sell into weakness; in line with our ”three steps forward, two back” outlook, we may trim into strength, but we are likely to be fussy. Read moreIluka Resources Ltd (ILU) $7.44
ILU is one of a few “quasi-plays” on the Chinese economy, which has slowly started to show signs of stabilisation after a very tough few years. We believe its $6-8 trading range is likely to prevail for most of 2024; hence, we may tweak our position accordingly. Read moreGoodman Group (GMG) $32.07
GMG reversed ~80% of its early losses on Thursday to end the session down just 0.8%, a very impressive performance considering the US Retail Sector fell -4.1%. Also, NEXTDC (NXT), another alternative for exposure to data centres, albeit very different, launched a significant $1.3bn capital raise. We continue to believe this $61bn business is the number one stock in the Australian Property Sector and will remain a core holding for us until further notice. Read moreResMed Inc (RMD) $29.56
RMD rallied +1.5% in a falling market on Thursday, an encouraging move for the sleep disorder business, which has been on a wild Ozempic ride over the last year – unfortunately, overnight trade in the US suggests it will struggle this morning. At MM, we’ve commented on many of RMD’s twists and turns through its volatile journey since many of us first heard about miracle slimming drugs, and after its 43% recovery, the risk/reward is diminishing fast for the bulls. Read moreActions for stocks held in the Growth Portfolio
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