The Trust holds the following shares in its portfolio.
CNU<EBO<FPH<FRE<HLG<MCY<MEL<OCA<RBD<PGW<RYM<SEK<SK L<SPK<SUM<THL<TRA<and on Unlisted PAZ and SFF.
This year we sold a few PGW on 1st Feb,and added SEK on 24/Jan to receive their dividend.
Last year we reduced our SKL and TRA holdings.
In June/July this year we will buy into a NZ bank.At this stage most probably HGH or WBC.[Trust already holds NAB in Aussie].
Activity.We seldom buy/sell.All shares I bought to hold forever.Broker's quarterly recommendations are read,but seldom acted on.
Usually they say we are over weighted in this that or the other share.Offcourse when you get winners in your portfolio you are going to be over weighted.[My own portfolio is GROSSLY over weighted in in a couple of companies].
My point is to have a very successful portfolio you do not need to make many adjustments if you have chosen carefully..