Investments included in the Djerriwarrh’s portfolio
are selected for their profitability and long-term growth prospects.
A list of Djerriwarrh’s 20 largest holdings as at 31 December 2009 is set out in the following table.
Top 20 Investments – Ordinary
Securities
Valued
at closing prices at 31 December 2009
Total Value
$ million
1*
BHP
BHP Billiton
106.0
2*
WBC
Westpac Banking Corporation
81.1
3*
NAB
National Australia Bank
47.5
4
TLS
Telstra Corporation
45.5
5*
WPL
Woodside Petroleum
43.4
6*
CBA
Commonwealth Bank of Australia
41.5
7*
OSH
Oil Search
31.9
8*
ANZ
Australia and New Zealand Banking Group
31.3
9*
QBE
QBE Insurance Group
26.8
10*
STO
Santos
23.7
11*
AMP
AMP
23.6
12*
RIO
Rio Tinto
20.3
13*
WOW
Woolworths
20.1
14*
BXB
Brambles
19.5
15*
AXA
AXA Asia pacific Holdings
19.4
16*
WAN
West Australian Newspapers Holdings
19.1
17*
TCL
Transurban group
15.3
18*
ORG
Origin Energy
14.3
19*
AMC
Amcor
13.1
20
HDF
Hatsings Diversified Utilities Fund
12.9
Total
656.3
As % of Total Portfolio Value
Excludes cash and bank bills
82.5%
*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.
