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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 May 2018 is set out in the following table.  

Top 20 Investments – Ordinary Securities  

Valued at closing prices at 31 May 2018
Total Value
$ million
1 BHP* BHP
68.0
2 CBA* Commonwealth Bank of Australia 60.0
3 WBC* Westpac Banking Corporation 56.0
4
CSL* CSL
40.1
5 NAB* National Australia Bank
37.2
6 ANZ* Australia & New Zealand Banking Group
36.5
7
WES* Wesfarmers
28.4
8
MQG* Macquarie Group 22.3
9 WOW* Woolworths Group 22.3
10 BXB* Brambles

18.0

11 RIO* Rio Tinto 17.7
12 OSH* Oil Search 17.1
13 JHX* James Hardie Industries
17.1
14 SYD* Sydney Airport 15.4
15
TLS* Telstra Corporation
15.3
16 TCL*
Transurban Group 15.1
17 WPL*
Woodside Petroleum 14.7
18 SUN*
Suncorp Group 13.7
19 AMC*
Amcor 13.7
20 SEK*
Seek 12.9

Total Portfolio Value

540.4

As % of Total Portfolio Value
(Excludes Cash)

66.3

*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.