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 | 1.65% | 9.87% | 7.47% | 17.29% | 13.79% | 14.23% |
ASX 200 ACCUMULATION | 0.79% | 9.39% | 7.42% | 10.64% | 9.32% | 9.14% |
VALUE ADD | +0.86% | +0.48% | +0.05% | +6.65% | +4.47% | +5.09% |
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 | 29.40 | 2.29 | 0.48 | 25.31 |
BHP | BHP Group | 8 | Moderate | Long | 27/08/2019 | 39.51 | 44.27 | 12.38 | 1.35 | 43.38 |
CTD | Corporate Travel Mgmt | 4 | Moderate | Medium | 6/03/2024 | 16.46 | 16.99 | 0.47 | 3.22 | |
EVN | Evolution Mining | 5 | Moderate | Medium | 1/12/2022 | 2.94 | 3.58 | 0.08 | 1.70 | 24.49 |
GMG | Goodman Group | 4 | High | Medium | 24/10/2023 | 21.15 | 33.81 | 0.15 | 1.93 | 60.57 |
ILU | Iluka Resources | 4 | High | Medium | 07/02/2024 | 7.20 | 7.21 | 0.06 | 2.27 | 0.97 |
MFG | Magellan | 4 | High | Medium | 6/03/2024 | 9.15 | 9.89 | -0.70 | 8.09 | |
MIN | Mineral Resources | 5 | High | Medium | 16/03/2023 | 73.73 | 70.87 | 0.80 | 3.76 | -2.79 |
NAB | National Australia Bank | 6 | Moderate | Medium | 15/12/2022 | 30.33 | 34.64 | 2.39 | -0.14 | 22.09 |
NSR | National Storage REIT | 5 | Moderate | Medium | 11/08/2023 | 2.22 | 2.40 | 0.06 | 1.27 | 10.81 |
ORA | Orora | 5 | Moderate | Medium | 31/01/2024 | 2.80 | 2.72 | 0.05 | 1.87 | -1.07 |
PDN | Paladin Energy | 3 | High | Medium | 27/02/2024 | 1.18 | 1.37 | 0.37 | 16.10 | |
PLS | Pilbara Minerals | 4 | High | Medium | 18/01/2024 | 3.48 | 3.83 | 2.13 | 10.06 | |
RHC | Ramsay Healthcare | 5 | Moderate | Long | 12/04/2023 | 68.86 | 56.51 | 0.36 | 0.43 | -17.41 |
RMD | Resmed | 5 | Moderate | Medium | 28/10/2021 | 33.23 | 30.15 | 0.39 | 0.74 | -8.10 |
SFR | Sandfire Resources | 4 | High | Medium | 18/05/2023 | 5.87 | 8.89 | 3.25 | 51.45 | |
TWE | Treasury Wine Estates | 5 | High | Medium | 20/04/2023 | 13.60 | 12.45 | 0.66 | 1.88 | -3.60 |
WHC | Whitehaven Coal | 4 | High | Medium | 15/11/2022 | 8.18 | 7.10 | 1.16 | 5.34 | 0.98 |
WOR | Worley | 4 | High | Medium | 08/05/2023 | 15.85 | 16.75 | 0.50 | 0.66 | 8.83 |
XRO | Xero | 5 | Moderate | Long | 02/04/2020 | 101.29 | 133.32 | -0.43 | 31.62 |
Company code | STOCK NAME | WEIGHT(%) | RISK | TIME HORIZON | EXIT DATE | ENTRY PRICE ($) | CLOSE PRICE ($) | DIVIDENDS ($) | GAIN / LOSS (%) |
---|---|---|---|---|---|---|---|---|---|
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 | 0 | -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 | 0 | 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 | |
BHP | BHP Group Ltd | 3 | Moderate | Long | 08/12/2022 | 37.4 | 46.42 | 9.02 | 48.23 |
Opinions for stocks held in the Growth Portfolio
ResMed Inc (RMD) $29.93
RMD’s been on a wild Ozempic ride in 2023/4, but its recent ~40% bounce has restored a semblance of calm/normality to the stock. However, we shouldn't forget that RMD took an initial sharp downturn last August after an FY23 earnings miss; this weakness was compounded by demand concerns as the benefits of weight loss drugs got increasing media coverage. At some stage, we can see RMD entering a “holding pattern” as investors wait to see the difference between fact and fiction. Read moreSandfire Resources Ltd (SFR) $8.43
SFR was downgraded yesterday to sell by Citi, which saw the stock fall away -5%, although it's still up almost 15% year-to-date. We cannot argue with Citi’s logic on the surface, especially as we discussed trimming our exposure above $9, but there are a few moving parts in this equation. Their central thesis was around valuation, with SFR up 20% (before Tuesday's fall) while copper had only advanced 3%, but they also lifted their copper outlook, suggesting these performance jaws could close very quickly if/when copper pushes above technical resistance around $US4.00. Read moreReviewing five major stocks making fresh 52-week highs
A number of major ASX200 stocks hit fresh recent highs on Monday, led by heavyweight real estate favourite Goodman Group (GMG) – as we’ve discussed in the past, this is one particular holding we are bullish over the medium term and are “happy to let it run” – MM is long GMG in our Active Growth Portfolio. This morning, we deliberately looked at five stocks, not in MM portfolios, but it was pleasing to see Xero (XRO) and Sandfire (SFR) both continuing to deliver and joining GMG in the winner's enclosure – note we already looked at Webjet (WEB) earlier in this mornings report hence didn’t cover again. Read moreCorporate Travel Mgt. (CTD) $17.31
CTD advanced +1.8% on Monday, reducing its year-to-date decline to -13%; we bought the stock earlier this month following its poor result and subsequent downside rerating. We went long ~$16.50, believing the stock offers solid value for patient investors over the coming year or so through upside potential in the vast North American market, where CTD still has a market share of less than 1%. Read moreEvolution Mining Ltd (EVN) $3.47
Gold and copper miner EVN popped +5.7% on Thursday, making it the 9th best performer on the ASX200. We continue to see value in EVN, and with gold making new all-time highs and copper starting to climb, we can see EVN testing $4 in the coming months, or 15% higher, as it puts its recent capital raise and production miss into the rearview mirror. Read moreSandfire Resources Ltd (SFR) $8.60
Copper producer SFR is a stock we’ve discussed a few times over recent weeks after the industrial metals bullish breakout on the upside. The stock has more than doubled from its 2022 swing low after becoming the ASX's go-to copper stock following BHP's takeover of OZ Minerals (OZL). Read moreGoodman Group (GMG) $29.74
For the second consecutive Monday, high-flying GMG was one of the worst-performing real estate stocks; yesterday, it fell -3.6%, taking out the wooden spoon this week. The stock is still up an impressive +18.6% year-to-date, but as we saw yesterday, it’s a definite candidate for profit-taking when markets lose confidence that central banks will start cutting rates in 2024. Read moreMagellan Financial Group (MFG) $9.70
MGF rallied to fresh 2024 highs on Monday in an almost stealth-like manner compared to the fanfare that heralded its aggressive decline over the last 3-years. Our bullish view towards MFG has held the stock in good stead over recent months, and we have no reason to lose confidence in the stock at current levels. Read morePaladin Energy Ltd (PDN) $1.245
PDN advanced +3.3% on Monday, mirroring the strong performance by US uranium names on Friday after the world’s largest Uranium producer, Kazatomprom, alluded to only a modest increase in production in the year ahead. They also echoed our bullish medium/long-term view, stressing the world will be short of Uranium by 2030. Read moreActions for stocks held in the Growth Portfolio
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