Superstar investor portfolios are closely tracked, for valuable insights into market trends and strategies. The proof is in the pudding - the most-watched superstars have a long track-record in increasing their net worth and making high-return picks. These seasoned investors' buying and selling decisions tell us quite a bit about their views on various stocks and sectors.
All superstar investors see their net worth rise in Q2FY24
Previously, we looked at the key superstar buys in Q2FY24. Now, let's analyse their sells.
Biggest sells by superstars in Q2FY24
Rakesh Jhunjhunwala/RARE Enterprises makes fewer sells compared to previous quarters
Rakesh Jhunjhunwala’s portfolio, currently managed by his wife Rekha Jhunjhunwala, and investment firm Rare Enterprises, cut its stakes in four companies in Q2FY24. Despite these sales, the late big bull’s portfolio grew by 1.6% QoQ to Rs 39,507 crore.
The investment firm reduced its holdings in two companies to below 1% in the July-September quarter. The biggest sell was in the agrochemicals company, Rallis India, where its stake was cut from 7.8% to below 1%. Rallis’ share price has fallen by 4.9% over the past year.
Similarly, the portfolio took its stake to below 1% from 2.5% in Autoline Industries. This auto parts & equipment stock rose by 6.1% over the past year.
Jhunjhunwala’s portfolio pares stakes in four companies
The other two sells include firms from the banking and finance sector. It cut its stake in Federal Bank by 0.4% to 3.1% and in Star Health & Allied Insurance Co, a general insurance firm, by 0.6% to 17.25%.
Ashish Kacholia sells stakes in two recently added stocks
Ashish Kacholia sold stakes in 11 companies in Q2FY24. During the quarter, his net worth increased by 25.3% QoQ to Rs 2,541.1 crore. He reduced his stakes in Venus Pipes & Tubes and SG Finserve to below 1% each, despite having added these metals and finance companies to his portfolio in Q1. Venus Pipes’ share price rose 14.2% over the quarter while SG Finserve fell by 6.1%.
Kacholia also scaled back his stakes in Arvind Fashions (apparels and accessories manufacturer) and Bharat Bijlee (electrical engineering company) to below 1% each. Their stock prices rose 17.8% and 69.2% respectively in the past year. He held 1.1% and 1.8% in them respectively in the previous quarter.
Ashish Kacholia scales back stakes in four companies to below 1%
Kacholia reduced his stake in auto parts manufacturer SJS Enterprises by 1.1% and now holds 3.2% (stock price increased by 33.2% in the past year). The ace investor also trimmed a 0.4% stake each in Xpro India (containers & packaging company) and NIIT (IT training services provider) and now holds 3.9% and 1.86%, respectively. He cut his stake in Repro India (publishing company) to 3.2% by selling a 0.3% stake.
Kacholia also sold a 0.2% stake in Safari Industries (India) and a 0.1% stake in ADF Foods. He now holds 2.1% in the textile company and a 2.8% stake in the FMCG company. He also slightly reduced his stake in Ami Organics to 2.1%.
Sunil Singhania goes on a selling spree
Sunil Singhania’s Abakkus Fund pared stakes in nine companies in Q2FY24. But the Fund’s net worth rose by 12.6% QoQ to Rs 2,382.4 crore during the same period, thanks to gains in the existing portfolio and a few buys. It sold a 1.95% stake in Rajshree Polypack retaining 4.28% of it. The commercial services and supplies company’s stock price grew 23% in the past year.
Sunil Singhania cuts stake in Rajshree Polypack by 1.95%
The fund also trimmed its stakes in Hindware Home Innovation and Ion Exchange (India) (prices increased by 48.6% and 137% in the past year), a consumer durables and utilities company, by 0.5% each. It now holds 4.4% and 2.8% stakes in the companies, respectively. It also reduced its stake in AGI Greenpac (a diversified consumer services company) and Dreamfolks Services (a travel support services company) and now holds 1.4% and 1.5% respectively.
Abakkus cut a 0.1% stake each in Uniparts India (heavy electrical equipment manufacturer) and Siyaram Silk Mills (textile company) to now hold 2.2% and 1.9% respectively. It also cut a minor stake in CMS Info Systems and Mastek, and now holds 1% and 3.2%, respectively.
Vijay Kedia removes two companies from his portfolio
Vijay Kedia adjusted his portfolio by reducing stakes in six companies in Q2FY24. His net worth increased by 41% QoQ to Rs 1,388.8. He slashed his stakes in Heritage Foods and Panasonic Energy India to below 1% during the quarter, from a 1.2% stake each in the packaged foods and electronic components companies in Q1FY24. The stock price of the former increased by 41.5% while the later fell by 25.7% in the past year.
Vijay Kedia takes stakes to below 1% in two companies
Kedia sold a 3.5% stake in Affordable Robotic & Automation over H1FY24. He now holds a 9.9% stake in the industrial machinery manufacturer. The company rose by 268.6% in the past year. He also cut his stake in Repro India to 6.36% by selling a 0.5% share of the publishing company.
He sold a 0.2% stake in Elecon Engineering as well. He now holds 1.6% in the industrial machinery manufacturer. He reduced his stake in Tejas Networks (a telecom company) to 2% by selling a 0.1% stake.
Dolly Khanna offloads stakes in multiple companies in Q2FY24
Dolly Khanna sold significantly in Q2FY24, as she cut her holdings in nine companies. Her portfolio grew by 16.5% QoQ to Rs 359.8 crore in the July-September quarter. However, she has not reduced her stakes in any of these companies below the 1% threshold.
Dolly Khanna reduces holdings in nine companies
The superstar investor’s biggest sell in Q2 was Pondy Oxides & Chemicals, an other non-ferrous metals manufacturer, in which she reduced her stake by 0.6% to 3.1%. Over the past year, this small-cap company gained 21.9%.
She lowered her stake in Simran Farms by 0.44% to 1.44%, while stock price has increased by 19.5% over the past year. In Monte Carlo Fashions she cut her holding by 0.42% to 1.94%, while its share price movement has been flat over the past year, rising by a marginal 0.3%.
She also cut a 0.3% stake in the cement company, KCP, bringing her holding to 1.4%. The ace investor trimmed her stakes by 0.2% each in Chennai Petroleum Corp, Nitin Spinners and Som Distilleries & Breweries, now owning 1.6%, 1.2% and 1.1% in them respectively. She also brought down her stake in Mangalore Chemicals & Fertilizers by 0.1% to 1.2% and slightly reduced her holding in Tinna Rubber and Infrastructure.
Porinju V Veliyath cuts holdings in nine companies
In Q2FY24, Porinju V Veliyath sold his stakes in nine companies and among them, he pared his holdings to below 1% in five. His portfolio grew by 38% QoQ to Rs 208.7 crore.
He took his stake in Priti International from 1.3% to below 1%. This furniture manufacturing company gained 49.3% over the past year. He also reduced his stake in Taneja Aerospace & Aviation, to below 1% from 1.2%. This aerospace firm had surged by 93.2% over the past year.
The ace investor brought his stakes to below 1% from 1.1% each in Lakshmi Automatic Loom Works, Kovilpatti Lakshmi Roller Flour Mills and Ansal Properties & Infrastructure.
Porinju takes his stakes in five companies to below 1%
However, the superstar investor’s biggest sell in Q2 was in Ansal Buildwell, a realty company, where he reduced his stake by 1.4% to 2% and the stock had fallen by 5.8% over the past year. He trimmed his stake in the commodity chemicals firm, Ashok Alco-Chem, by 1.1% to 3%. He also cut minor stakes in Max India and Thejo Engineering.
Mohnish Pabrai sells his stake in a petrochemicals company
Mohnish Pabrai’s net worth increased by 25.6% QoQ to Rs 1,364.9 crore in Q2FY24. During this period, he reduced his stake in Rain Industries to 6.95% by selling a 1.87% stake in the petrochemicals company. Rain Industries reported a loss for the first time after a streak of profitability for five consecutive quarters. Its stock price fell by 17.8% in the past year.
Mohnish Pabrai pares stake in Rain Industries
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.
