We took a look at three large superstar investors - Rakesh Jhunjhunwala, Dolly Khanna, and Ashish Kacholia. And this was the question we set out to answer: when it comes to stocks with the largest share of their respective portfolios, who was the top performer in stock picks that delivered returns?
The answer was a bit of a surprise, despite the investor's reputation as "the new smart kid in town". Ashish Kacholia is well past his thirties and has no hair, but he is considered young by superstar investor standards. He is also proving to be an excellent judge of investments.
Rakesh Jhunjhunwala (Public Portfolio Size approx Rs 13,777 crore)
Rakesh Jhunjhunwala and Rekha Jhunjhunwala have by far, the largest sized public stock portfolio among superstar investors. But 55%+ of Jhunjhunwala's public portfolio investment is across just two stocks, TitanandEscorts, with Titan taking the lion's share of that. And it is these two stocks that have helped Jhunjhunwala see decent portfolio returns over the last year. Titan delivered a strong gain, and Escorts also performed respectably. It was Jhunjhunwala's favorite pharma stock, Lupin, that has dragged returns down this year.
Stocks such as NCC Limited and Dewan Housing Finance, old standbys in his portfolio, have smaller shares of his investment but have performed well.
| Stock | Percentage share of portfolio | Portfolio investment in stock (Rs Crore) | Gains/Loss over the year |
| Titan | 48.8% | 6,718.4 | 68.15% |
| Escorts | 6.7% | 919.4 | 22.3% |
| Crisil | 5.3% | 740.6 | -1.06% |
| Lupin | 5% | 707.2 | -34.37% |
Dolly Khanna (Public Portfolio Size approx Rs. 724 crore)
Rain Industries has been to Dolly Khanna what Titan is to Rakesh Jhunjhunwala: the golden stock that has helped drive up her overall portfolio returns. Rain proved to be a steady multibagger for Khanna - this is a stock she has had in her portfolio at least since June 2016, and her investment has paid off in bumper gains. Another stock that delivered strong returns was Gujarat Narmada Valley Fertilizers, which Khanna has held in her portfolio since March 2017.
73% of Dolly Khanna's portfolio investments are spread across her top six stocks. Among these, Radico Khaitan has been a double-multibagger over the last 12 months but not applicable for evaluating Khanna's portfolio, since this is a stock she has newly invested in.
| Stock | Percentage share of portfolio | Portfolio investment in stock (Rs Crore) | Gains/Loss over the Year |
| Rain Industries | 28.8% | 207.9 | 126.17% |
| Manappuram Finance | 14.5% | 105.26 | 13.86% |
| Gujarat Narmada Valley Fertilizer | 10% | 74.47 | 60.18% |
| NOCIL | 7.8% | 56.6 | 62.25% |
| Radico Khaitan | 7.8% | 56.3 | 235.12% (NA) |
| Nilkamal | 5.3% | 38.8 | -15.19% |
Ashish Kacholia (Public Portfolio Size approx Rs. 872 crore)
If there is a contest for the most green-fingered investor, Ashish Kacholia might qualify. Kacholia has not only not overweighted his portfolio with any single stock (56% of his portfolio investments are spread across his top 6 stocks), he has also managed to get significant returns for the stocks with the largest share of his portfolio. A Dolly Khanna stock, NOCIL, happens to be a Kacholia favorite as well, and he has invested double Khanna's amount into this particular company.
APL Apollo Tubes is perhaps the sole exception among the Kacholia stocks with more than 5% portfolio share. While it is still in the green, it hasn't delivered significant returns in the last twelve months. Kacholia's stocks have also largely held their gains as markets turned choppy, with share prices stabilizing or gaining in the last few days.
| Stock | Percentage share of portfolio | Portfolio investment in stock (Rs. Crore) | Gains/Loss over the year |
| NOCIL | 13.4% | 117.13 | 62.25% |
| KEI | 12.3% | 108.1 | 96.49% |
| KPIT Tech | 11.1% | 96.36 | 131.1% |
| APL Apollo Tubes | 8.3% | 71.7 | 7.2% |
| Shaily Engineering | 6.9% | 60.4 | 89.2% |
| Parag Milk Foods | 5.2% | 45.76 | 37.55% |
