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 2010 is set out in the following table.
Top 20 Investments – Ordinary
Securities
11
Valued
at closing prices at 31 December 2010
Total Value
$ million
1*
BHP
BHP Billiton
111.6
2*
WBC
Westpac Banking Corporation
70.7
3*
CBA
Commonwealth Bank of Australia
55.7
4*
ANZ
Australia and New Zealand Banking Group
49.1
5*
NAB
National Australia Bank
44.2
6*
WPL
Woodside Petroleum
40.2
7
TLS
Telstra Corporation
37.0
8*
OSH
Oil Search
33.6
9*
STO
Santos
23.8
10*
QBE
QBE Insurance Group
23.0
11
HDF
Hatsings Diversified Utilities Fund
20.7
12*
WOW
Woolworths
19.6
13*
AMP
AMP
18.8
14*
BXB
Brambles
18.1
15
AXA
AXA Asia pacific Holdings
16.2
16*
TCL
Transurban group
16.0
17*
ORG
Origin Energy
15.8
18*
WES
Westfarmers (a)
15.2
19*
RIO
Rio Tinto
14.9
20*
WAN
West Australian Newspapers Holdings
14.5
Total
658.7
As % of Total Portfolio Value
Excludes cash and bank bills
81.2%
*Indicates that options were outstanding against part or all of the holding
(a) Includes $4.2m WESN partially protected securities
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.
