Looking into the portfolios of Superstar investors gives us insights into the sectors and stocks they are bullish or bearish on. This can help us better understand their sentiments around the market, especially as it has turned volatile.
Previously, we looked at the key superstar buys in Q4FY23. Now, let's analyze their sells.
Rakesh Jhunjhunwala/RARE Enterprises makes some key sells
Rakesh Jhunjhunwala’s portfolio sold stakes in seven companies in Q4FY23. The late investor’s portfolio is currently managed by the investment firm Rare Enterprises and Rekha Jhunjhunwala (his wife). The portfolio reduced its stake to below 1% in Dishman Carbogen Amcis (from 1.6%), a small-cap pharmaceuticals firm, which rose by 24.7% over the past six months till Friday.
The big bull’s portfolio also pared its stake by 0.96% in Singer India to 6.95% and in Autoline Industries by 0.35%, bringing its holding to 3.96%. Additionally, its stake in Edelweiss Financial Services was cut by 0.2% to 1.3%.
Rare Enterprises also sold minor stakes in Nazara Technologies, D B Realty and Aptech in Q4FY23.
Sunil Singhania sells minor stakes in micro and small-cap companies
Sunil Singhania’s Abakkus Fund sold a 0.35% stake in IT consulting and software company Tracxn Technologies in Q4FY23. He added the company to his portfolio in Q3FY23 by buying a 1.63% stake, and now holds 1.27% after selling a portion.
Singhania also cut stake in The Anup Engineering by selling a 0.17% stake. He has been gradually reducing his stake in the industrial machinery company for three consecutive quarters, and now holds a 4.06% stake against 5.72% in Q1FY23.
Singhania also sold a 0.09% and 0.05% stake in Carysil (consumer durables manufacturer) and Rajshree Polypack (containers and packaging company), respectively. He now holds 6.14% and 7.62% in these companies, respectively.
Ashish Kacholia cuts his stake to below 1% in two companies
Ashish Kacholia cut stake in consumer durables company Hindware Home Innovation to below 1% in Q4FY23. He also sold the stake in pharma company IOL Chemicals and Pharmaceuticals to below 1% during the same period. Prior to the Q4 sell-off, he consistently held 1.3% and 2%, respectively, in these companies for four consecutive quarters.
The ace investor also sold a 0.3% stake in Safari Industries (India), a textile manufacturer, bringing down his stake to 2.3%. He sold a stake in Xpro India for the first time since adding it to his portfolio and now holds 4.3%. He had been gradually increasing his stake in the packaging company each quarter since his initial purchase in Q2FY22.
He also sold a 0.1% stake in Raghav Productivity Enhancers, leaving him with a 2% stake.
Kacholia also trimmed stakes in Genesys International Corp and Stove Kraft, where he now holds 1.6% and 1.8% respectively.
Vijay Kedia makes minor changes to the portfolio in terms of stake sell
Vijay Kedia sold a 0.3% stake in Ramco Systems (IT consultant) in Q4FY23, reducing his holdings in the company to 1.1%. He also reduced his stake in Tejas Networks (a telecom hardware company) by 0.3% to 2%. Kedia has been reducing minor stakes in both of these companies since Q4FY22.
Ramco Systems has consistently reported losses since Q1FY22, while Tejas Networks has been loss-making since Q3FY22, except in Q2FY23.
Dolly Khanna continues to lighten her portfolio
Dolly Khanna continued her selling spree, signaling her bearish outlook on the market. The Chennai-based investor reduced her stakes in 12 companies during Q4FY23. Her biggest sells include Rama Phosphates, a small-cap fertilizer company, in which she lowered her stake below 1% from 1.5%. She also pared her stake in the apparel company, Monte Carlo Fashions, by 0.4% to 2.1%.
Of the 12 companies Khanna reduced her stakes in, two each were from the textiles, fertilizers, automobiles & auto components and FMCG sectors. She also decreased her holdings in one company from the metals & mining, oil & gas, general industrials and cement & construction sectors.
She cut her stake by 0.2% each in Tinna Rubber & Infrastructure, Ajanta Soya and Talbros Automotive Component, bringing her holdings to 1.4%, 1.3% and 1% respectively. She also pared her stake in KCP by 0.18% to 2.25%. The ace investor reduced her holdings in Simran Farms, Prakash Pipes, Chennai Petroleum Corp and Nitin Spinners by 0.1% each to 2%, 2.7%, 2.1% and 1.3% respectively. She sold minor stakes in Mangalore Chemicals & Fertilizers and Pondy Oxides & Chemicals.
Porinju V Veliyath reduces holdings in six companies
Porinju V Veliyath pared his stakes in a total of six companies in Q4FY23. Among them, he took his holdings below 1% in the household appliances company, Hindware Home Innovation, from a previous 1.1%. He also reduced his stake in Orient Bell, a ceramic tiles manufacturer, by 1% to 3.8%.
The ace investor cut his stakes in TCM by 0.3% to 1% and in Duroply Industries by 0.2% to 6.8%. He also sold minor stakes in Aurum Proptech and Taneja Aerospace & Aviation.
This analysis by Trendlyne is meant for investor education - to help understand companies and make informed investment decisions on their own. It should not be considered an investment recommendation.
