Investments included in the AFIC portfolio are selected for their profitability and long-term growth prospects.
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 2011 is set out in the following table.
Top 25 Investments – Ordinary Securities
Valued at closing prices at 31 December 2011 |
Total Value
$ million
|
|
1
|
BHP *
|
BHP Billiton
|
494.0
|
| 2 |
CBA * |
Commonwealth Bank of Australia
|
419.9 |
| 3 |
WBC * |
Westpac Banking Corporation
|
369.5 |
| 4 |
NAB *
|
National Australian Bank
|
235.4 |
|
5
|
WES
|
Wesfarmers (a)
|
225.0
|
|
6
|
RIO
|
Rio Tinto
|
216.8
|
|
7
|
ANZ *
|
Australia & New Zealand Banking Group
|
187.6 |
|
8
|
TLS
|
Telstra Corporation
|
174.1 |
|
9
|
WOW
|
Woolworths
|
156.0
|
|
10
|
STO *
|
Santos
|
94.9
|
| 11 |
WPL
|
Woodside Petroleum
|
92.5 |
| 12 |
AMC
|
Amcor
|
91.0 |
|
13
|
ORG *
|
Origin Energy
|
89.6 |
|
14
|
OSH * |
Oil Search
|
88.1
|
|
15
|
TCL |
Transurban Group
|
86.5 |
|
16
|
AMP *
|
AMP
|
77.6
|
|
17
|
QBE
|
QBE Insurance Group
|
75.9
|
|
18
|
ORI *
|
Orica
|
70.1
|
|
19
|
AIX
|
Australian Infrastructure Fund
|
66.7 |
|
20
|
CPU
|
Computershare
|
65.3
|
|
21
|
BXB *
|
Brambles
|
64.6 |
|
22
|
IPL
|
Incitec Pivot
|
62.7
|
|
23
|
AGK
|
AGL Energy
|
62.4
|
|
24
|
CCL *
|
Coca-Cola Amatil
|
54.4
|
|
25
|
HDF
|
Hastings Diversified Utilities Fund
|
53.5 |
|
Total
|
3,674.1
|
|
As % of Total Portfolio Value
Excludes cash and bank bills
|
83.0%
|
* Indicates that options were outstanding against part or all of the holding in the Trading Portfolio
(a) Includes $41.7 million of WESN partially protected securities
