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Top 20 Investments
and latest Net Tangible Asset Announcement

Performance
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Our top 20 largest holdings largely determine the portfolio return and generation of dividend and option income.

Latest Net Tangible Assets Announcement

Top 20 investments valued at closing prices at 31 May 2026

RankCompany NameTotal Value ($M)% of
Portfolio
1BHP *

665.5

7.6

2Transurban Group *

60.3

7.0

3Region Group *

40.4

4.7

4Woodside Energy Group *

38.2

4.4

5Wesfarmers *

34.8

4.0

6Telstra Group *

33.8

3.9

7CSL *

28.8

3.3

8

Macquarie Group *

27.0

3.1

9CAR Group *

26.5

3.1

10National Australia Bank *25.42.9
11JB Hi-FI *

25.4

2.9

12Coles Group *24.2

2.8

13Woolworths Group *23.92.8
14Auckland International Airport *23.12.7
15BWP Trust *

22.1

2.6

16Rio Tinto *

21.7

2.5

17ANZ Group Holdings *

21.1

2.4

18Mirrabooka Investments

20.8

2.4

19Computershare *

20.3

2.3

20Commonwealth Bank of Australia *20.2

2.3

Total

602.2

As percentage of total portfolio value (excludes cash)

69.7%



*Indicates that options were outstanding against part of the holding.