As Q4FY23 shareholding data comes in, we take a look at companies with the highest jumps in foreign institutional investment (FII) and mutual fund holding QoQ. This screener shows stocks with a more than 1% QoQ increase in their FII and mutual fund holdings in Q4FY23.

FIIs and mutual funds have been favouring stocks from the auto & auto components, and software & services sectors. Stocks that show up in the screener include Equitas Small Finance Bank, Sona BLW Precision Forgings, Syngene International, Coforge, Data Patterns, Samvardhana Motherson International and Hindustan Aeronautics.

Equitas Small Finance Bank’s FII and mutual fund holdings have increased the most in Q4FY23 – by 18.6% and 24.6% QoQ, respectively. The FII holding jump was on the back of investments from Ellipsis Partners Llc, Massachusetts Institute of Technology and Rimco India. This is despite the Government of Singapore selling 1.4 crore shares (or 0.9% stake) in the banking & finance company.

Mutual funds like Franklin India Mutual Funds, SBI Mutual Fund and HDFC Mutual Fund bought 5.9%, 3.6% and 6% stake respectively in the bank over the same period. This influx of investments from FIIs and mutual funds helped the company’s stock price to rise by 26.6% over the past quarter.

Sona BLW Precision Forgings’ FII holding rose by 13.4% QoQ in Q4FY23, with the Government of Singapore being the largest buyer of 2.4 crore shares (or 4.1% stake) in the auto components company. Fidelity Funds and BNP Paribas Arbitrage bought 1.3% stake each in the same period.  SBI Mutual Fund bought 3.5 crore shares (or 6% stake), leading to a 5.3% rise in mutual fund holdings. The company’s stock rose 2.2% over the same period.

Syngene International was another stock that saw its institutional holding jump. Its FII holding increased by 6.4% QoQ in Q4FY23, as the Government of Singapore bought 1.6 crore shares (or 3.9% stake) in the pharmaceuticals & biotechnology company. Its mutual fund holding also saw a 3.3% QoQ rise in Q4FY23 on the back of Invesco India Arbitrage Fund buying 45.8 lakh shares. The investments made by FIIs and mutual funds aided the company’s stock to grow by 9.8% over the past 90 days.

In terms of share price performance of the 14 companies that made it into the screener, eight have risen over the past quarter