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 | 28.54 | 2.29 | 0.25 | 21.91 |
BHP | BHP Group | 8 | Moderate | Long | 27/08/2019 | 39.51 | 45.23 | 12.38 | -0.59 | 45.81 |
CAR | CAR Group | 4 | High | Medium | 19/04/2024 | 33.13 | 34.19 | 1.06 | 3.20 | |
CSL | CSL Limited | 4 | Moderate | Medium | 19/04/2024 | 268.82 | 278.45 | -0.19 | 3.58 | |
CTD | Corporate Travel Mgmt | 4 | Moderate | Medium | 6/03/2024 | 16.46 | 15.11 | -2.33 | -8.20 | |
EVN | Evolution Mining | 4 | Moderate | Medium | 1/12/2022 | 2.94 | 3.97 | 0.08 | 0.51 | 37.76 |
GMG | Goodman Group | 4 | High | Medium | 24/10/2023 | 21.15 | 31.36 | 0.15 | 1.65 | 48.98 |
ILU | Iluka Resources | 4 | High | Medium | 07/02/2024 | 7.20 | 7.37 | 0.06 | -2.90 | 3.19 |
MFG | Magellan | 4 | High | Medium | 6/03/2024 | 9.15 | 9.16 | 0.55 | 0.11 | |
MIN | Mineral Resources | 5 | High | Medium | 16/03/2023 | 73.73 | 68.82 | 0.80 | 0.41 | -5.57 |
NAB | National Australia Bank | 6 | Moderate | Medium | 15/12/2022 | 30.33 | 34.00 | 2.39 | 0.47 | 19.98 |
NSR | National Storage REIT | 5 | Moderate | Medium | 11/08/2023 | 2.22 | 2.19 | 0.06 | -1.35 | 1.35 |
PLS | Pilbara Minerals | 4 | High | Medium | 18/01/2024 | 3.48 | 3.86 | 1.31 | 10.92 | |
RHC | Ramsay Healthcare | 5 | Moderate | Long | 12/04/2023 | 68.86 | 52.40 | 0.36 | -0.34 | -23.38 |
SFR | Sandfire Resources | 4 | High | Medium | 18/05/2023 | 5.87 | 9.17 | 0.88 | 56.22 | |
S32 | South32 | 4 | Moderate | Medium | 05/04/2024 | 3.19 | 3.31 | -0.30 | 3.76 | |
TWE | Treasury Wine Estates | 5 | High | Medium | 20/04/2023 | 13.60 | 12.10 | 0.66 | 0.92 | -6.18 |
WHC | Whitehaven Coal | 4 | High | Medium | 15/11/2022 | 8.18 | 7.57 | 1.16 | -1.05 | 6.72 |
WOR | Worley | 4 | High | Medium | 08/05/2023 | 15.85 | 16.58 | 0.50 | 0.18 | 7.76 |
XRO | Xero | 5 | Moderate | Long | 02/04/2020 | 101.29 | 119.81 | -1.45 | 18.28 |
Company code | STOCK NAME | WEIGHT(%) | RISK | TIME HORIZON | EXIT DATE | ENTRY PRICE ($) | CLOSE PRICE ($) | DIVIDENDS ($) | GAIN / LOSS (%) |
---|---|---|---|---|---|---|---|---|---|
RMD | ResMed | 5 | Moderate | Medium | 19/04/2024 | 33.23 | 27.92 | 0.39 | -14.81 |
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 |
Opinions for stocks held in the Growth Portfolio
National Australia Bank (NAB) $33.40
NAB, like ANZ, corrected to our previously flagged sub $33 buy zone last week, and we have no reason to change this stance. Again, if we had no position in NAB, we would be accumulating the bank after its 7.2% pullback. Read moreANZ Group (ANZ) $28.23
ANZ corrected to our previously flagged $28 buy zone last week, and we have no reason to change this stance. If we had no position in ANZ, we would be accumulating around the $28 area after its 6.8% pullback. It’s important to note, ANZ is the only bank that is unlikely to pay fully franked dividends moving forward given they are earning a larger portion of profits from overseas. The next big change for ANZ will be integrating the $4.9b acquisition of Suncorp’s (SUN) bank. Read moreSandfire Resources (SFR) $9.05
Over the last couple of weeks, copper has “popped” over 10%, whereas SFR has struggled to break clear of $9, a level it tested almost three weeks ago. This is a classic case of stocks leading their underlying commodities, both up and down. We believe SFR needs copper to forge higher through 2024 to extend its strong run, but while there will be bumps in the road, our view is both will ultimately be trading higher through 2024; hence, we intend to stay long. Read moreIluka Resources Ltd (ILU) $7.21
ILU delivered an average result at the end of last week, which saw mineral sands revenue of $268mn, up +4.4% year on year, but a soft quarter production-wise initially weighed on the stock. However, there were some positive signs in the commentary, particularly out of Europe, and importantly, its share price hasn’t moved drastically; in comparison, 6-9 months ago, the stock was getting smacked on bad news. Read moreSouth32 (S32) $3.37
S32 +5.64%: the miner surged today, recouping all of last week’s losses following a strong March quarter update. The company left guidance unchanged across the business except for their NT Manganese production which was impacted by a cyclone last month where production isn’t expected to come back online until 3Q FY25. Read moreWhitehaven (WHC) $7.88
WHC unch: the coal stock chopped around today, surging on the open but trading as low as -1.78% during the session before steadying around par. The 3Q production update was mixed. Run of mine (ROM) at 4.4mt was down 13% on 2Q, though this was in line with expectations and is still tracking well ahead of FY23. Read morePilbara (PLS) $3.83
PLS -2.3%: shares in the lithium company struggled today, though it looks largely as a result of weakness in the space rather than any concerning news out of their 3Q update today. They produced 2% more spodumene concentrate vs 2Q, though revenue slipped on the back of a 28% fall in realized price to $US804/t. Read moreGoodman Group (GMG) $30.97
We’ve used GMG as one of our “road map” stocks through 2024, and it has already corrected to a similar magnitude as it did in 2023. While a dip under $30 wouldn’t surprise us, we already believe GMG is in an accumulation area for investors. Read moreBHP Group (BHP) $45.09
BHP +1.46%: while much of the rally today can be explained by strong iron ore and copper prices, BHP was also out with their 3Q production update which was largely positive. Copper production of 466kt was a small beat to expectations with strong grades going through their flagship Escondida asset plus a strong ramp up at the Chilean asset Spence. Read moreActions for stocks held in the Growth Portfolio
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