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List of Investments

Investments included in the Djerriwarrh’s portfolio are selected for their profitability and long-term growth prospects.

At the same time we concentrate on stocks where there is an active options market. This is intended to give scope for the writing of predominantly exchange traded options with the level of the portfolio ‘covered’ by call options typically ranging between 20 to 50 per cent of the total portfolio at any one time.

A list of Djerriwarrh’s 20 largest holdings as at 30 April 2017 is set out in the following table.  

Top 20 Investments – Ordinary Securities  

Valued at closing prices at 28 April 2017
Total Value
$ million
1 WBC* Westpac Banking Corporation
60.5
2 CBA* Commonweath Bank of Australia
56.0
3 ANZ* Australia & New Zealand Banking Group
45.5
4
NAB* National Australia Bank
43.1
5 BHP* BHP Billiton
38.3
6 CSL* CSL
31.4
7
WES* Wesfarmers
27.5
8
TLS* Telstra Corporation
25.2
9 BXB* Brambles
19.3
10 OSH* Oil Search

15.4

11 RIO* Rio Tinto
15.2
12 QBE* QBE Insurance Group
14.6
13 WOW* Woolworths
13.6
14 JHX* James Hardie Industries
13.1
15
AMC*
Amcor
13.1
16 SEK*
Seek
13.1
17 WPL*
Woodside Petroleum
12.7
18 AMP*
AMP
12.4
19 QUB*
Qube Holdings
12.3
20 MIR
Mirrabooka Investments
10.7

Total Portfolio Value

492.9

As % of Total Portfolio Value
(Excludes Cash)

64.9

*Indicates that options were outstanding against part or all of the holding

Note: Options
As part of our activities, the Company sells call options and put options. We may sell call options, but only against part or all of particular securities held by the Company. Put options are sold as an opportunity to acquire stock at advantageous prices. We have cash or undrawn banking facilities available to buy the underlying securities if all puts are exercised.