The Blackrock Concentrated Industrial Share Fund has returned 19 per cent per annum on average since inception in December 2015, soundly out-performing the S&P/ASX 300 index over that period.
While many of the fund’s leading positions are larger companies, refreshingly it does not appear to have holdings in most of the popular blue chips, including Commonwealth Bank of Australia (ASX:CBA), Westpac Banking Corp (ASX:WBC), Telstra (ASX:TLS) and Woolworths (ASX:WOW). The exception looks to be Wesfarmers (ASX:WES), a top 10 holding for the fund.
In its August 2018 monthly update, the fund highlighted 3 small but fast growing ASX tech stocks that either contributed to or detracted from performance in the month. All 3 stocks are members of the All Ordinaries Index.
The Kogan.com (ASX:KGN) share price bounced back in August after a sharp sell-off due to share sales by the two founding directors.