Superstar investors and their portfolio changes give us useful insights into financial markets, and help in identifying interesting, potentially under-the-radar stocks. In this analysis, we take a look at some of the biggest investments made by superstar investors during Q1FY24.
Each superstar has their own investing preferences, as seen in the chart below. It shows the sectors that hold the largest share of each investor’s portfolio.
Rare Enterprises (Rakesh Jhunjhunwala) has a clear preference for textiles, apparels and accessories stocks, while Sunil Singhania favours software and services. Ashish Kacholia and Mohnish Pabrai lean towards chemicals and petrochemicals. Vijay Kedia’s favoured sector is telecom services, while Porinju’s preference lies in diversified consumer services. Dolly Khanna skews towards oil and gas.
Rare Enterprises (Rakesh Jhunjhunwala) makes no new additions to its portfolio
Rakesh Jhunjhunwala’s portfolio grew by 21.6% QoQ to Rs 38,885.3 crore in Q1FY24. Since the big bull’s passing, the portfolio has been managed by his wife, Rekha Jhunjhunwala and Rare Enterprises, which is currently headed by Utpal Sheth and Amit Goela.
The investment firm made very few purchases in the quarter, and increased its stake in only three companies. Also, there were no new stock additions to the portfolio in the April-June quarter.
The portfolio raised its stake in Escorts Kubota by 0.2% to 1.6%. The commercial vehicles manufacturing giant rose by 20.1% in Q1FY24.
Rare Enterprises also raised its stakes in two Tata Group companies. It added an additional 0.1% stake in Titan and a 0.5% stake in Tata Communications, increasing its total holdings to 5.4% and 1.84% respectively. During Q1FY24, Titan rose by 20.1% and Tata Communications gained 27.8%.
Ashish Kacholia adds three new stocks to his portfolio
Ashish Kacholia’s net worth rose by 22.4% QoQ to Rs 2028.4 crore in Q1FY24. He added Venus Pipes & Tubes to his portfolio, buying a 2% stake in the steel pipes manufacturer. He also added finance companies Ugro Capital and SG Finserve by purchasing 1.6% and 1.2% stakes in them, respectively.
The marquee investor bought a 0.9% stake in Aditya Vision, a specialty retailer, and now holds 2% of the company. He purchased a 0.3% stake in Knowledge Marine & Engineering Works (a marine port and services provider), increasing his holding to 2.8%. He increased his stake in chemical companies Yasho Industries and Agarwal Industrial Corp to 4.2% and 3.9% respectively by buying 0.2% and 0.1% stakes.
Kacholia bought minor stakes and increased his holdings in Beta Drugs and Fineotex Chemical to 12.5% and 2.8%, respectively.
Sunil Singhania’s Abakkus Fund makes minor portfolio adjustments
Sunil Singhania’s Abakkus Fund’s net worth fell by 2.3% QoQ to Rs 2115.6 crore in Q1FY24. It made minor changes to the portfolio, with selective purchases and additions. It purchased a 0.1% stake in Dynamatic Technologies, taking the holding up to 2.9%. The industrial machinery company’s stock price grew by 43.3% in the past quarter. It also bought a 0.1% stake in HIL, a cement products manufacturer, and now holds a 3.2% stake in the company.
Abakkus also purchased minor stakes in IIFL Securities (capital markets company), ADF Foods (packaged foods player) and Sarda Energy & Minerals (steel manufacturer). It now holds 3.2%, 1.5% and 2.2% stakes in the companies, respectively.
Dolly Khanna increases holdings in nine companies
Dolly Khanna’s portfolio grew by 37.1% QoQ to 308.9 crore in Q1FY24. After a few consecutive quarters of conservative purchases, the superstar investor is back on a buying spree. She increased her stakes in nine companies during Q1. The superstar investor’s purchases were spread across various sectors and industries such as metals and mining, textiles, auto parts and equipment, plastic products, fertilizers, and breweries and distilleries.
The ace investor raised her stake in the other non-ferrous metals company, Pondy Oxides & Chemicals, by 0.6% to 3.7%. She added another 0.5% stake each in Deepak Spinners and Talbros Automotive Components, taking her holdings to 1.7% and 1.5% respectively.
Khanna increased her holding in Monte Carlo Fashions by 0.3% to 2.4%. She also raised her holdings in Control Print, Mangalore Chemicals & Fertilizers and Prakash Pipes by 0.1% to 1.2%, 1.3% and 2.8% respectively. The superstar investor purchased minor stakes in Nitin Spinners and Som Distilleries & Breweries, taking her holdings to 1.4% and 1.3% respectively.
Porinju Veliyath diversifies portfolio with two new companies
Porinju V Veliyath’s net worth grew by 9.7% QoQ to Rs 151.3 crore in Q1FY24. He added two new companies, Centum Electronics (an electronic components manufacturer) and Kokuyo Camlin (stationary products and art materials company), to his portfolio by purchasing a 1% stake in each of them.
The ace investor also increased his stake in four companies in Q1. He raised his stake in Aurum Proptech by 1.4% to 3.4% and Kerala Ayurveda by 1.3% to 3.2%. He added a 0.2% stake in Duroply Industries, taking his holding to 7%. The superstar investor also added a minor stake in Kaya, taking his holding to 3%.
Vijay Kedia almost doubles his stake in a small-cap company
Vijay Kedia’s net worth increased by 65.3% QoQ to Rs 984.9 crore in Q1FY24. He bought a 6.5% stake in Atul Auto and now holds a 14.9% stake in the auto components manufacturer. The investor bought a 0.4% stake in Patel Engineering during the quarter and now holds 1.7% of the company.
Kedia also bought a 0.1% stake in Precision Camshafts (auto components) and Neuland Laboratories (pharma) each. He now holds 1.2% and 1.3% in them respectively.
Mohnish Pabrai increases stake in Edelweiss for third consecutive quarter
Mohnish Pabrai’s net worth in Q1FY24 marginally increased by 3.1% QoQ to Rs 1086.41 crore. He increased his stake in Edelweiss Financial Services for the third consecutive quarter and bought an additional 0.6% stake in the company. Except for this financial services company, he made no changes to the portfolio.
