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Multiple Meanings
portfolio — as in:  a leather portfolio

The papers are in my portfolio.
a large, flat, thin case for carrying papers, drawings, etc.
portfolio — as in:  showed her creative portfolio

I showed her my portfolio of photographs.
a set of pieces of creative work collected as an example of work
portfolio — as in:  investment portfolio

Keep a diversified portfolio to reduce risk.
all the investments held by an individual or organization

Much more rarely (and seldom used any more), portfolio can reference the role or responsibilities of the head of a government department; as in:  "He holds the portfolio for foreign affairs."
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