With the economic recovery looking decidedly mixed, many investors are taking inspiration from the portfolios of Superstar investors like Rakesh Jhunjhunwala, Sunil Singhania, Ashish Kacholia, and Dolly Khanna to identify sectors and stocks to invest in. We take a look at some stocks that these Superstars bought during Q2FY23.
These superstars have very different preferences - this is visible in the sectors that have the biggest share in their portfolios. Singhania’s most favoured sector is software, while Kedia prefers telecom, Veliyath favours consumer services companies, and so on.
In Q2FY23, most of the biggest buys of superstar investors were new additions to their portfolios. Only Porinju, Mohnish Parbrai, and Vijay Kedia’s biggest buys were in existing portfolio stocks. This suggests that the majority of the investors in focus see growth opportunities outside their existing holdings.
Rakesh Jhunjhunwala’s portfolio increases stake in Tata companies in Q2
Rakesh Jhunjhunwala’s net worth in Q2FY23 rose by 30.7% QoQ to Rs 33,225.8 crore. During the quarter, the big bull’s portfolio, now managed by investment firm Rare Enterprises, added a 7.9% stake in household appliances company Singer India. This was the only new addition to his portfolio in Q2FY23. This small-cap company’s share price increased 76.8% in Q2FY23.
Rakesh Jhunjhunwala’s portfolio increased stakes in Tata Communication and Titan by 0.5% each to 1.6% and 5.5% respectively in Q2. It also raised its stake in healthcare player Fortis Healthcare, by 0.4% to 4.7%. Rare Enterprises also bought minor stakes in NCC and Tata Motors.
Sunil Singhania’s Abakkus Fund adds stake in multiple small-cap companies in Q2FY23
Sunil Singhania’s Abakkus Fund saw its consolidated net worth rise 28.9% QoQ in Q2FY23 to Rs 2,079.2 crore. It made a new addition, pharmaceutical company Jubilant Pharmova to the portfolio by purchasing a 1.2% stake in this quarter. Abakkus also added a 0.4% stake in Stylam Industries, a manufacturer of decorative laminates, fascia, exterior cladding, etc., increasing the total holding to 2.3% in the company.
By adding minor additional stakes in already existing small-cap portfolio companies like Sarda Energy & Minerals, Hindware Home Innovation, HIL, and Rupa & Company, Abakkus now holds 1.9%, 5%, 3.1%, and 4.1% stakes in them respectively.
The Fund also added minor stakes in Siyaram Silk Mills (now holds a 2.1% stake) and Ion Exchange (now holds a 3.1% stake) during Q2FY23.
Ashish Kacholia goes on a buying spree, adds eight new stocks to portfolio
Ashish Kacholia’s net worth increased 15.3% QoQ to Rs 1,772 crore in Q2FY23. Kacholia bought stakes in several new stocks - he added a fresh 3.3% stake of IT networking equipment company D-Link (India), 2.6% of petrochemicals trader Agarwal Industrial Corp, and 2% of iron and steel products retailer Shankara Building Products to his portfolio.
He also purchased new stakes in Moongipa Securities (1.1%), Best Agrolife (1.5%), Megastar Foods (1%), and Arvind Fashions (1.1%) during the quarter. The only mid-cap company stake he bought was 1% in Rainbow Childrens Medicare.
Apart from these new buys, the marquee investor also bought an additional 1.3% stake in Hindware Home Innovation (now holds 2.7%), 1% in Ador Welding (now holds 4.2%), 0.7% in Fineotex Chemical (now holds 2.6%), 0.5% in PCBL (now holds 1.9%) and Xpro India (now holds 4.4%) each, 0.4% in Barbeque-Nation Hospitality (now holds 1.4%) and TARC (now holds 1.9%) each.
The other companies where Kacholia increased stakes are Garware Hi-Tech Films, La Opala RG, Gravita India, SJS Enterprises, and Faze Three.
Vijay Kedia’s pick hits an all-time high during Q2FY23
Vijay Kedia’s net worth soared 56.1% QoQ to Rs 770.7 crore. He bought an additional 0.1% stake in Elecon Engineering in Q2FY23. The company is specialised in manufacturing industrial gear and equipment. Its stock price rose to Rs 341.9 on September 30, 2022, from Rs 261.5 on July 1, 2022, a rise of 30.8% during the quarter. Elecon Engineering even hit its all-time high of Rs 415.6 on September 14, 2022.
Dolly Khanna adds one small cap to her portfolio and increases her stake in seven companies
Dolly Khanna’s net worth saw a marginal increase of 1.9% QoQ to Rs 521.4 crore in Q2. During the quarter, she bought a 1.1% stake in J Kumar Infraprojects, a small-cap construction & engineering company.
She increased her stake in the apparels and accessories company Monte Carlo Fashions, by 0.7%, taking her stake to 2.5%. The ace investor also raised her stakes in Simran Farms, Talbros Automotive Components, and Prakash Pipes by 0.2%, 0.1%, and 0.1% to hold 2.2%, 1.2%, and 2.8% respectively.
Other companies where she increased her stake during the quarter include Deepak Spinners, Zuari Industries, and Ajanta Soya.
Porinju V Veliyath adds one small cap to his portfolio
Porinju V Veliyath’s net worth improved 22.1% QoQ to Rs 177.2 crore in Q2FY23. This quarter, the investor mainly bought stakes in small- and micro-cap companies. He bought a stake of 1.1% in the household appliances company, Hindware Home Innovation. It was the only new addition to his portfolio in Q2.
During the quarter, Porinju raised his stake in Duroply Industries by 1.3%. He now holds 7%. The company is involved in the manufacturing and sale of plywood, decorative veneers, block boards, doors, etc. The stock rose 29% in Q2FY23. He also raised his stake in Aurum Proptech and Ashok Alco-Chem by 0.3% and 0.2% to hold 2% and 4.1% respectively.
Mohnish Pabrai increases his stake in petcoke business Rain Industries
Mohnish Pabrai’s net worth in Q2FY23 rose by 39.5% QoQ to Rs 1,653.4 crore. The ace investor increased his stake in only one company from his portfolio during the quarter. His stake in the petcoke company, Rain Industries, is up by 0.4% (he now holds 8.8%). The stock rose 13.1% in Q2FY23.
See all superstar portfolios here.
