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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 June 2018 is set out in the following table.  

Top 20 Investments – Ordinary Securities  

Valued at closing prices at 30 June 2018
Total Value
$ million
1 CBA* Commonwealth Bank of Australia 62.7
2 WBC* Westpac Banking Corporation 58.5
3 BHP* BHP 43.7
4
NAB* National Australia Bank 38.0
5 ANZ* Australia & New Zealand Banking Group
37.6
6 CSL* CSL
29.2
7
WES* Wesfarmers
27.4
8
MQG* Macquarie Group 23.8
9 BXB* Brambles 17.7
10 RIO* Rio Tinto

16.9

11 OSH* Oil Search 15.9
12 WPL* Woodside Petroleum 15.7
13 JHX* James Hardie Industries
15.6
14 TCL* Transurban Group 15.1
15
WOW* Woolworths Group
14.9
16 SUN*
Suncorp Group 14.6
17 SYD*
Sydney Airport 14.0
18 AMC*
Amcor 13.9
19 TLS
Telstra Corporation 13.2
20 QUB*
Qube Holdings 11.7

Total Portfolio Value

500.1

As % of Total Portfolio Value
(Excludes Cash)

65.9%

*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.