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Active Growth Portfolio
The Market Matters Active Growth Portfolio provides an active approach to investing in ASX-listed large-cap stocks – Click here to view
The Active Growth portfolio had a great week, up +3.29%, outperforming the ASX200 which was up 2.29%. Strong performance from Paladin (PDN) +12.9%, Goodman Group (GMG) +10.3%, Light & Wonder (LNW) +8.6% and Mineral Resources (MIN) +6.7% underpinned the gains, while only one stock in the portfolio fell; Worley (WOR) down -0.3%.
There were no portfolio changes last week, with our cash position remaining ~10.5%.
Active Growth Portfolio Hit List: Amcor (AMC), JB Hi-Fi (JBH), Judo Capital (JDO), Ramsay Health Care (RHC), Reece (REH), SEEK (SEK), QBE Insurance (QBE), & Lynas (LYC).
Portfolio Performance
CY25 to date, the Active Growth Portfolio is up +14% relative to the ASX 200 up 7.8% and 12.3% on an accumulation basis. The first 6 months of 2025 was tougher; however, the second half has been strong, with the portfolio up +10.6% relative to the markets 5% return.
Resources have populated the top performers, with Sandfire Resources (SFR) +95.8%, Mineral Resources (MIN) +89.6% and Evolution Mining (EVN) +70.3%, though there was also a collection of lower beta stocks that did well; APA Group (APA) +38.9%, ANZ Group (ANZ) +36% and Westpac (WBC) +33.5%.
James Hardie (JHX) -31.4% was the weakest link, followed by CSL Ltd (CSL) -30.7% and WiseTech (WTC) -27.5%
We’re comfortable with our current positioning, though, we do expect some rotation back into some of the beaten-up technology stocks early in 2026, while the rally in resources feels extended.
Since inception in 2016, the Portfolio has delivered 13.51% per annum.