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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 31 March 2018 is set out in the following table.  

Top 20 Investments – Ordinary Securities  

Valued at closing prices at 29 March 2018
Total Value
$ million
1 CBA* Commonwealth Bank of Australia
62.6
2 WBC* Westpac Banking Corporation 57.6
3 BHP* BHP 57.1
4
NAB* National Australia Bank
39.6
5 ANZ* Australia & New Zealand Banking Group
36.2
6 CSL* CSL
32.7
7
WES* Wesfarmers
26.6
8
WOW* Woolworths Group 20.1
9 BXB* Brambles 19.8
10 TLS* Telstra Corporation

19.2

11 MQG* Macquarie Group 17.0
12 JHX* James Hardie Industries 16.1
13 OSH* Oil Search
15.2
14 WPL* Woodside Petroleum 13.4
15
AMC* Amcor
13.2
16 TCL*
Transurban Group
12.5
17 SUN*
Suncorp Group 11.9
18 SEK*
Seek 11.6
19 AMP*
AMP 11.6
20 RIO*
Rio Tinto
11.0

Total Portfolio Value

505.2

As % of Total Portfolio Value
(Excludes Cash)

66.4

*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.