My 3 largest ASX share positions heading into 2023

My three largest share positions revealed.

| More on:
A girl is handed an oversized ice cream cone with lots of different flavours.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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

Motley Fool contributor Sebastian Bowen has positions in VanEck Morningstar Wide Moat ETF, Wam Global, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended VanEck Morningstar Wide Moat ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Best Shares

A smiling young surf life saver at the beach shouts out on a megaphone.
Best Shares

Top ASX shares to buy in March 2024

Shout out for the first day of autumn! Are you letting 2024's ASX gains flow your way?

Read more »

A businessman hugs his computer and smiles.
Best Shares

5 ASX shares to buy and hold forever in your investment portfolio

Here are my five picks for a future-proof ASX share portfolio.

Read more »

Three hikers lift their arms in jubilation as they reach a rocky peak overlooking a sensational view of water and mountains with a blue sky surrounding them.
Best Shares

Top ASX shares to buy in February 2024

The Aussie stock market is scaling new heights. Are you getting in on the action?

Read more »

A girl is handed an oversized ice cream cone with lots of different flavours.
Best Shares

Top 5 most profitable ASX large-cap shares of 2023

These big and bustling companies were the King Kongs of profitability last year.

Read more »

A woman looks internationally at a digital interface of the world.
Best Shares

In a record year for ETFs growth, this ASX crypto fund returned 215%

Crypto and technology ETFs delivered the highest returns for ASX and Cboe Australia investors in 2023.

Read more »

a man with a wide, eager smile on his face holds up three fingers.
Best Shares

3 no-brainer ASX 300 shares I'd buy right now without hesitation

I don't like buying shares near record highs, but I'd make an exception for these three...

Read more »

An older woman clasps her hands with joy, smiling at the news on her computer as she sits at her kitchen bench..
Best Shares

Which had the better year in 2023: Telstra, Woodside or Wesfarmers shares?

We review the share price growth and dividends paid by these popular ASX 200 shares last year.

Read more »

Three miners wearing hard hats and high vis vests take a break on site at a mine as the Fortescue share price drops in FY22
Best Shares

Which had the better year in 2023: Core Lithium, Liontown or Pilbara Minerals shares?

We assess the performance of these ASX 200 lithium shares.

Read more »