We study a portioning setting in which a public resource such as time or money is to be divided among a given set of candidates, and each agent proposes a division of the resource. We consider two families of aggregation rules for this setting—those based on coordinate-wise aggregation and those that optimize some notion of welfare—as well as the recently proposed Independent Markets mechanism. We provide a detailed analysis of these rules from an axiomatic perspective, both for classic axioms, such as strategyproofness and Pareto optimality, and for novel axioms, which aim to capture proportionality in this setting. Our results indicate that a simple rule that computes the average of all proposals satisfies many of our axioms, including some that are violated by more sophisticated rules.