Superstar investors like Rekha Jhunjhunwala, Ashish Kacholia and Vijay Kedia are closely watched for their buys and sells. Their picks help investors gain insights into current market trends, and identify interesting stocks. In this piece, we look at some investments made by these superstar investors during Q2FY24.
The chart below compares superstar investors' current portfolio net worth to that of the previous quarter. Net worth is impacted not just by changes in current holdings, but also by new buys and sells.
All superstars see a rise in their net worth in Q2FY24
Each superstar investor's public portfolios reveal approaches fairly unique to their investing style. The chart below provides a breakdown of the sectors that hold the largest share of each investor’s portfolio.
Industries preferred by superstars
Rare Enterprises (Rakesh and Rekha Jhunjhunwala) prefers textiles, apparels and accessories stocks, while Sunil Singhania favours chemicals and petrochemicals. Ashish Kacholia and Porinju Veliyath lean towards software and services. Vijay Kedia’s favoured sector is automobiles & auto components, while Dolly Khanna’s preference is skewed towards oil and gas.
Rare Enterprises (Rakesh and Rekha Jhunjhunwala) remains conservative in Q2
Rakesh Jhunjhunwala’s portfolio, now managed by Rekha Jhunjhunwala and Rare Enterprises following his passing, grew by 1.6% QoQ to Rs 39,507 crore in Q2FY24. The firm increased its stakes in six companies and made one new addition in the July-September quarter. Rare Enterprises added a new investment in Karur Vysya Bank, a scheduled commercial bank, with a 4.6% stake buy.
Rare Enterprises buys a 4.6% stake in Karur Vysya Bank
The investment firm also increased its holding in D B Realty by 0.6% to 2%. The realty company rose by 115.1% in Q2FY24. It also raised its stake in Fortis Healthcare, a healthcare facilities provider, by 0.2% to 4.7%. The stock rose 8.3% in Q2FY24.
The Jhunjhunwala portfolio added minor stakes in Tata group companies – Tata Motors and Titan. It also bought a minor stake in the IT training services firm, Aptech.
Ashish Kacholia adds multiple stocks to his portfolio
Ashish Kacholia’s net worth rose by 25.3% QoQ to Rs 2,541.1 crore in Q2FY24. During the quarter, he added multiple small and micro-cap stocks into his portfolio. He acquired an 8.5% stake in Universal Autofoundry, an auto parts manufacturer. He also expanded into the general industrial sector, securing stakes of 6.4%, 5.4% and 2.2% in Dhabriya Polywood, BEW Engineering and Balu Forge Industries respectively.
Ashish Kacholia buys an 8.5% stake in Universal Autofoundry
The marquee investor also added Vasa Denticity, a healthcare equipment supplier, to his portfolio and now holds 3.8% of the company. He also purchased a 2.8% stake in an education company, NIIT Learning Systems and 1.8% and 1.7% stakes in Aeroflex Industries (iron and steel products company) and Zaggle Prepaid Ocean Services (software and services company), respectively, during the quarter.
Kacholia increased his stakes in Faze Three and Agarwal Industrial Corp to 5.4% and 4% from the previous holdings of 5.2% and 3.9%, respectively, in Q1.
Sunil Singhania’s Abakkus Fund adds two new small-cap companies
Sunil Singhania’s Abakkus Fund saw its net worth rise by 12.6% QoQ to Rs 2,382.4 crore in Q2FY24. It added TTK Healthcare (a pharma company) and EMS (a utilities company) to its portfolio, with o1.1% and 1.7% stake additions respectively.
Sunil Singhania adds TTK Healthcare and EMS to the portfolio
Besides the new buys, Abakkus made minor portfolio adjustments through selective purchases. It increased its share in Rupa & Company, a textile firm, by a marginal 0.1%, taking the holding up to 4.2%. It also bought a 0.1% stake in IIFL Securities, and now holds a 3.3% stake. The capital market company’s stock price grew by 42.3% during Q2FY24.
The fund also purchased minor stakes in two industrial machinery manufacturers, Dynamatic Technologies and The Anup Engineering. It now holds 2.9% and 3.9% stakes respectively in these companies.
Vijay Kedia buys stakes in Atul Auto for three consecutive quarters
Vijay Kedia’s portfolio net worth increased by 41% QoQ to Rs 1,388.8 crore in Q2FY24. He added Om Infra to his public portfolio in Q2 by buying a 2.6% stake in the construction company.
Vijay Kedia buys a 6% stake in Atul Auto
In a show of continued confidence, Kedia raised his stake in Atul Auto by 6% and now holds 20.9%. This marks the third consecutive quarter of increased investment in this auto components manufacturer since Q3FY23. He also bought a minor stake in Vaibhav Global and now holds 2% of the textile manufacturer.
Dolly Khanna continues her buying spree from Q1FY24
Dolly Khanna’s net worth rose by 16.5% QoQ to Rs 359.8 crore in Q2FY24. Continuing her buying streak from Q1FY24, Dolly Khanna added four new companies to her portfolio and increased her stakes in three stocks during the July-September quarter.
The ace investor bought a fresh stake (1.3%) in KCP Sugar & Industries Corp, a small-cap sugar company. She also added another sugar company to her portfolio by purchasing a 1.1% stake in Rajshree Sugars & Chemicals.
Dolly Khanna buys a 1.3% stake in KCP Sugar & Industries Corp
The two other new additions to the superstar’s portfolio include Salzer Electronics (an electrical products manufacturer) and Prakash Industries (an iron & steel products company). She bought 1.1% and 1% stakes in them respectively.
Khanna increased her stake in Prakash Pipes by 0.5% to 3.2% and raised her holding in Talbros Automotive Components by 0.1% to 1.6%. She also added a minor stake in Control Print.
Porinju Veliyath adds three new companies to his portfolio
Porinju Veliyath’s net worth grew by 38% QoQ to Rs 208.7 crore in Q2FY24. He added three new companies to his portfolio and increased his stake in one company. His new additions include Arrow Greentech (a plastic products maker), in which he bought a 1.1% stake. He also purchased a 1% stake in Singer India (a household appliances firm) and P G Foils (an aluminium company).
Porinju buys a 1.1% stake in Arrow Greentech
Porinju increased his stake in Aurum Proptech by 0.2% to 3.5%. The IT consulting & software firm gained 6.4% in Q2FY24.
Mohnish Pabrai continues to invest in Edelweiss
Mohnish Pabrai’s net worth in Q2FY24 increased by 25.6% QoQ to Rs 1,364.9 crore. He increased his stake in Edelweiss Financial Services for the fourth consecutive quarter with an additional purchase of 0.1%.
Mohnish Pabrai buys a 0.1% stake in Edelweiss Financial Services
