Brand

List of Investments

Investments included in the AFIC portfolio are selected for their profitability and long term growth prospects.

TOP 25 INVESTMENTS - ORDINARY

AFIC invests in a diverse range of Australian companies generally held for the long term.
A list of AFIC’s 25 largest holdings as at 31 December 2018 is set out in the following table.


Valued at closing prices at 31 December 2018

RankASX CodeCompany NameTotal Value $ mil
1 CBA Commonwealth Bank of Australia 571.9
2 BHP* BHP 462.6
3 WBC Westpac Banking Corporation 389.2
4 CSL CSL 355.5
5 TCL* Transurban Group 270.6
6 NAB National Australia Bank 234.3
7 WES Wesfarmers 216.6
8 ANZ Australia & New Zealand Banking Group 207.6
9 MQG Macquarie Group 193.7
10 WOW* Woolworths Group* 178.1
11 AMC Amcor 166.0
12 RIO Rio Tinto 152.7
13 WPL* Woodside Petroleum 131.6
14 BXB Brambles 123.2
15 SYD* Sydney Airport 120.4
16 OSH Oil Search 118.0
17 TLS Telstra Corporation 114.5
18 JHX James Hardie Industries 91.7
19 QUB Qube Holdings 88.8
20 MFT Mainfreight 87.7
21 RHC* Ramsay Health Care 86.9
22 SHL* Sonic Healthcare 81.7
23 TWE Treasury Wine Estates 80.7
24 CPU Computershare 80.1
25 COL Coles Group 78.9
  Total 4,683.0
  As % Total Portfolio Value (excludes Cash) 70.8%

* Indicates that options were outstanding against part or all of the holding

** AFIC participated in the recent off market share buy back by Rio Tinto.  As a result there was a significant reduction in the Rio Tinto holding when compared to the holding at 31 October 2018.