Here are the 5 top ASX 200 blue chip holdings from a fund manger that’s returned more than 30 per cent in the last 12 months

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The Platypus Australian Equities Fund has gained 30.7 per cent over the 12 months to 31 July 2018, soundly outperforming the 14.7 per cent gain in its benchmark S&P/ASX 300 Accumulation Index.

The fund invests in companies on the Australian Stock Exchange (ASX) that offer an opportunity for above-average returns through their growth potential.

Its key differentiators are its high conviction approach, generally holding 25-35 stocks, and its exposure to small caps.

In its most recent July update, the fund lists its top 5 holdings, with all 5 companies being blue chip shares from the S&P/ASX 200 Index.

CSL Limited (ASX:CSL)

The biotech giant is a popular holding amongst many growth orientated fund managers. As at 31 July 2018 CSL shares made up 9.45 per cent of the Platypus Australian Equities Fund portfolio.

The CSL share price has jumped 75 per cent higher over the past 12 months, making it one of the top performing ASX 200 stocks in that period.

CSL recently reported a 29 per cent jump in profits and said it expected profits to grow by 10-14 per cent in FY19.

With the CSL share price trading around $230, the CSL trades on a rich valuation of around 45 times earnings.

BHP Billiton Limited (ASX:BHP)

The BHP ASX share price has also had a good run over the past 12 months, jumping almost 18 per cent higher.

BHP shares made up 8.66 per cent of the fund’s portfolio at the end of July.

Last month BHP delivered a 33 per cent jump in full year profits, and increased its full year dividend by 42 per cent. Despite that, the BHP share price has recently been weak, with the market thinking FY18 was as good as it gets for the mining giant.

With BHP ASX shares currently swapping hands for around $32.50, the stock trades on an attractive trailing fully franked dividend yield of 4.9 per cent.

Macquarie Group Ltd (ASX:MQG)

The Macquarie Group share price has jumped almost 50 per cent higher in the past 12 months, no doubt being a big contributor to the strong performance of the Platypus Australian Equities Fund over the same period.

Macquarie shares made up 8.13 per cent of the fund’s portfolio at the end of July.

Macquarie Group is a global provider of funds management, financial advisory, banking and financial services. It differs from the big four banks in that it has a global footprint, and its profits are derived more from its fund management business than traditional banking.

Like BHP, Macquarie shares are a member of The Capital Club 10, a basket of ASX stocks I think have a good chance of out-performing the S&P/ASX 200 Index over the next three years.

Aristocrat Leisure Limited (ASX:ALL)

Aristocrat Leisure is another fund manager favourite with the top performing Bennelong Concentrated Australian Equities Fund being a holder of the company.

The Aristocrat Leisure Limited share price jumped higher in May after announcing first half results that beat expectations, with revenues and profits both jumping 33 per cent higher.

The company is a slot machine manufacturer and online social games developer. The Aristocrat Leisure share price has soared 47 per cent higher in the last 12 months.

Aristocrat shares made up 6.11 per cent of the Platypus Australian Equities Fund portfolio at the end of July.

Westpac Banking Corp (ASX:WBC)

Somewhat surprisingly, Westpac shares are the fifth largest holding in the Platypus Australian Equities Fund portfolio, a 5.13 per cent holding at the end of July.

Bank shares have been under pressure over the past year, with the Westpac share price falling almost 11 per cent in that period.

I’m on record as being pretty bearish on bank shares, given they face multiple headwinds in the form of increased regulation, falling house prices, and face the potential of increasing bad debts from highly indebted Australian consumers.

Just this week, Peter Cooper of Cooper Investors said his firm is underweight bank shares.

Clearly Platypus sees value in Westpac shares, perhaps attracted by its 6.7 per cent fully franked dividend yield. 

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Contributors to this article may own shares in some of the companies mentioned in this article. The Capital Club has a thorough disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
Bruce Jackson has 30 years of hands on investing experience. He is passionate about stock market investing, running his own portfolio and SMSF. His focus is on small cap growth stocks. You can contact Bruce at brucej@thecapitalclub.com.au