Definition - What does Portfolio mean?
Portfolio refers to an assembly of financial instruments like stocks and bonds owned by a person or an organization. The items in it can be traded and are, therefore, considered to be investments.
Insuranceopedia explains Portfolio
Stocks, bonds, and other cash equivalents fill out a portfolio. The ones who own them often look at the market to sell the items in them for a higher price than originally purchased. The money earned from a portfolio is taxable.
The owner of these financial instruments may hire another person or organization to manage their portfolio. For instance, a company that sells an annuity that involves investments as part of its payout may be the party that manages the portfolio, rather than the annuitant.