Author’s Note:
Once again, it has been a moment since the last update. After a busy week and reporting season news, we have not had the opportunity to provide a daily update as per usual. Instead, an overview of the week that was, hopefully, fills the gap.
In terms of portfolio changes, there have been none. This is not for lack of trying, more lack of internet access over the week. What a time to not have Wi-Fi!
Overall, the portfolio is still outperforming the benchmark, with a month to date return of +5.23% (as at 21/08), outperforming the Benchmark by +3.89%.
Weekly Fund Performance:
14 Aug: Portfolio +0.05% vs Benchmark -0.78%
17 Aug: Portfolio -0.67% vs Benchmark -0.41%
18 Aug: Portfolio -0.49% vs Benchmark -0.02%
19 Aug: Portfolio -0.83% vs Benchmark -0.04%
20 Aug: Portfolio +2.63% vs Benchmark +0.37%
21 Aug: Portfolio -1.46% vs Benchmark -0.28%
Total Weekly Move (13/08 to 21/08): -0.82% (vs ASX 300 -1.16%)
+0.32% Outperformance
Themes of the Week:
Banking Sell-Off: A hawkish hold from the RBA continued to ripple through rate sensitive sectors. CBA led the retreat across the majors on valuation concerns and soft mortgage growth updates. This triggered institutional profit taking.
Resources: Gold equities extended their run as spot gold pushed past $4,300/oz before experiencing a brief pullback on Friday. BHP and Rio struggled under dividend reductions, ex-dividend headwinds, and sluggish Chinese industrial demand.
Earnings Season: Small and mid-cap reporting exhibited large dispersions between the best and the worst. Companies that delivered beats with a clear margin expansion were rewarded, while even minor downgrades or top line misses triggered double digit sell-offs.
Portfolio Movers & Shakers
Top performers in the portfolio were:
PC2: Jumped +21.65% (20 Aug) and +4.40% (17 Aug) as gold and precious metals sentiment exploded. They also announced a positive result on their mine.
ZIP: The week’s biggest swing, rocketing +18.22% (20 Aug) post earnings on strong US margins before facing Friday profit-taking -15.74%.
JDO: Rose +16.30% (18 Aug) after a standout operational update amidst broader banking sector weakness.
OBM: Rallied +14.39% (20 Aug) and +5.34% (17 Aug) on gold sector momentum.
SRG: Rose +9.39% (18 Aug) and +3.54% (19 Aug) following contract wins and a strong execution update.
CCL: Moved up two days in a row, +7.66% (20 Aug) and +5.34% (21 Aug) on strong results. This little compounder keeps pushing.
GLF: Jumped +6.52% (21 Aug) in advance of its' earnings results on 24 Aug.
XRO: Gained +5.54% (14 Aug) and +2.35% (20 Aug) as SaaS capital flows held firm.
Notable Detractors:
ZIP: As mentioned, the stock dropped -15.74% (21 Aug) as short-term traders took profits post the rally the day prior.
JBH: Dropped -12.31% (17 Aug) due to broader retail margin anxiety.
LOV: Similarly, LOV retreated -4.23% (19 Aug) amidst discretionary sector weakness.
360: Fell -8.17% (18 Aug) and -6.89% (19 Aug) post earnings results.
SKS: Fell -7.85% (18 Aug) and -4.00% (20 Aug) after the market took profits.
MP1: Pulled back -5.06% (20 Aug) and -4.82% (21 Aug) at the end of the week.
Here is every holding, the weight and the weekly & monthly return as of 21 Aug 2026 (from 14 Aug 2026)
Investment Activity
None.
Disclaimer: This is a paper portfolio. Content is for educational purposes only and does not constitute financial advice. Always do your own research.