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 30 June 2008 is set out in the following table.
Top 20 Investments – Ordinary
Securities
Valued
at closing prices at 30 June 2008
Total Value
$ million
1*
BHP
BHP Billiton
118.4
2*
NAB
National Australia Bank
64.8
3*
TLS
Telstra Corporation
57.8
4*
WBC
Westpac Banking Corporation
53.4
5*
CBA
Commonwealth Bank of Australia
52.4
6*
RIO
Rio Tinto
51.0
7*
WPL
Woodside Petroleum
48.5
8*
ANZ
Australia and New Zealand Banking Group
33.0
9*
STO
Santos
30.8
10*
WES
Wesfarmers (a)
29.5
11*
OSH
Oil Search
28.0
12*
BXB
Brambles
23.7
13*
AMP
AMP
21.6
14*
AWC
Alumina
21.1
15*
WAN
West Australian Newspaper Holdings
20.0
16*
ORH
Origin Energy
17.6
17*
WOW
Woolworths
17.5
18*
SGB
St George Bank
17.5
19*
QBE
QBE Insurance Group
17.3
20*
NWS
News Corporation
16.8
Total
740.8
As % of Total Portfolio Value
Excludes cash and bank bills
76.9%
(a) Includes $4.9m WESN partially protected securities.
* 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.
