My 3 largest ASX share positions heading into 2023

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

The post My 3 largest ASX share positions heading into 2023 appeared first on The Motley Fool Australia.

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More reading

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• $300 a month in these 3 ASX shares could make you a millionaire by retirement
• No savings at 45? I’d use the Warren Buffett method to build retirement wealth
• 25% of my retirement portfolio is in these 5 ASX shares: Here’s why I believe they’re winners for 2023 and beyond
• 3 quality ETFs for ASX investors to buy next year

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.

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