Now that a new year is imminent, I think it's time for some candour. So let's discuss my three largest ASX share positions and what I intend to do with them in the new year of 2023.
My 3 largest ASX share positions
My third largest position: WAM Global Ltd (ASX: WGB)
WAM Global is a listed investment company (LIC) that was first listed on the ASX back in 2018. It is run by Wilson Asset Management and aims to invest in a basket of undervalued growth shares from around the world.
Unfortunately, WAM Global hasn't had a very successful life on the ASX so far. Today, its share price is well under the $2.20 it first floated at in mid-2018. Saying that, WAM Global has managed to build an impressive dividend track record, raising its payouts from 7 cents per share in 2020 to 11 cents per share in 2022.
Sadly, I will be looking to exit this position in 2023. It hasn't delivered the growth I had hoped for, and I would have been far better putting my money in an index fund.
Additionally, although Wilson Asset Management doesn't make WAM Global's fee easy to find, I am no longer happy paying the rather steep and (in my opinion) indefensible 1.25% slug that this LIC charges every year for this chronic underperformance.
My second largest ASX share: VanEck Vectors Wide Moat ETF (ASX: MOAT)
This ASX exchange-traded fund (ETF) has pride of place in my portfolio. It's an investment I have owned for a very long time, and one I can't ever see selling. This ETF is not an index fund. Rather, it invests in a relatively concentrated portfolio of US shares.
These shares are selected for possessing an intrinsic competitive advantage, or 'moat'. This is a concept popularised by the legendary Warren Buffett and gives most winning shares their edge. This ETF has smashed the returns of most index funds over the years, and thus an investment I am very happy to hold going into 2023.
My largest share: Washington H. Soul Pattinson and Co Ltd (ASX: SOL)
Unlike WAM Global, this is an ASX share I would love to own way more of. Soul Patts is an investing conglomerate with an incredibly diverse portfolio of both listed and unlisted assets. This gives me instant diversification through just one ASX share.
Soul Patts has a very impressive performance track record. It has given its investors market-crushing returns for decades, as well as an annual dividend pay rise every year since 2000. For these reasons, I am proud to carry Soul Patts as my largest ASX holding into 2023
