Top 20 investments valued at closing prices at 31 December 2020
| Rank | Company Name | Total Value ($M) | % of Portfolio |
|---|---|---|---|
| 1 | Mainfreight | 32.4 | 6.4 |
| 2 | Macquarie Telecom Group | 24.6 | 4.9 |
| 3 | ARB Corporation | 22.6 | 4.5 |
| 4 | Reece | 19.2 | 3.8 |
| 5 | Netwealth Group | 15.6 | 3.1 |
| 6 | Breville Group | 15.3 | 3.0 |
| 7 | Qube Holdings | 14.7 | 2.9 |
| 8 | NextDC | 14.4 | 2.9 |
| 9 | Seek | 14.1 | 2.8 |
| 10 | Carsales.com | 13.1 | 2.6 |
| 11 | Xero | 13.0 | 2.6 |
| 12 | James Hardie Industries* | 13.0 | 2.6 |
| 13 | IRESS | 12.4 | 2.5 |
| 14 | Invocare | 11.7 | 2.3 |
| 15 | Objective Corporation | 11.4 | 2.3 |
| 16 | EQT Holdings | 11.3 | 2.2 |
| 17 | AUB Group | 11.0 | 2.2 |
| 18 | Resmed | 9.8 | 1.9 |
| 19 | ALS | 9.6 | 1.9 |
| 20 | Auckland International Airport | 9.3 | 1.8 |
| Total | 298.8 | ||
| As percentage of total portfolio value (excludes cash) | 59.4% |
*Indicates that options were outstanding against part of the holding.