Many investors closely track the investments of superstar investors like Rekha Jhunjhunwala, Ashish Kacholia, Sunil Singhania, and Vijay Kedia for valuable market insights. Their buys and sells help investors identify potentially profitable sectors and stocks. In this piece, we look at some investments made by these superstar investors during Q3FY24.
(You can now also invest in shadow superstar baskets available on Starfolio, which are updated and rebalanced as per Trendlyne's superstar portfolios).
The chart below looks at changes in superstar investors' current portfolio net worth. Note that net worth reflects both changes in current holdings as well as new buys and sells.
All superstars see a rise in their net worth in Q3FY24
Each superstar investor’s public portfolio reflects their unique investing style and their preferred approaches. The following chart provides a breakdown of the dominant sectors in each investor’s portfolio.
Industries preferred by superstars
Industry preferences among the superstars vary: Rare Enterprises (Rekha Jhunjhunwala and Rakesh’s portfolio) leans towards textiles, apparels and accessories stocks, while Sunil Singhania and Porinju Veliyath favour software and services. Ashish Kacholia prefers chemicals and petrochemicals. Vijay Kedia’s preferred sector is automobiles & auto components, and Dolly Khanna prefers oil and gas.
Rare Enterprises continues to invest in D B Realty
Rakesh Jhunjhunwala’s portfolio, now managed by Rekha Jhunjhunwala and Rare Enterprises following his passing, grew by around 22% QoQ to Rs 48,186.3 crore by the end of Q3FY24. During the October-December quarter, the firm did not add new stocks to its portfolio, and increased its stake in just one company.
Rare Enterprises increased its holding in realty stock D B Realty by 1%, and now owns 3% of the company.
Rare Enterprises buys a 1% stake in D B Realty
This marks the second consecutive quarter of increased investment in the realty company, after consistently holding 1.4% in Q4FY23 and Q1FY24. Over the past quarter, D B Realty’s share price has risen by 52.1%.
Sunil Singhania’s Abakkus Fund invests in an industrial machinery company
Sunil Singhania’s Abakkus Fund saw its net worth rise by 19.2% QoQ to Rs 2,838.9 crore in Q3FY24. The fund's significant new investment was in Shriram Pistons & Rings, an industrial machinery company where it bought a 2.3% stake. The company has a Durability score of 80, indicating high financial strength, and an affordable Valuation along with bullish Momentum. Its price rose by 64.8% in the past quarter.
Sunil Singhania adds Shriram Pistons & Rings to his portfolio
The fund also purchased a minor stake in household appliances manufacturer Hindware Home Innovation. It now holds 4.4% of the company.
Ashish Kacholia goes on a buying spree during the quarter
Ashish Kacholia’s net worth rose by 8.8% QoQ to Rs 2,764.2 crore in Q3FY24. During the quarter, he added four new small-cap stocks to his portfolio. He acquired a 2% stake in Updater Services, a commercial services company, whose share price rose by 33% over the past quarter. He also added Brand Concepts to his portfolio, acquiring a 1.4% stake. The textile firm has risen over 3x in the past year.
Ashish Kacholia buys a 2% stake in Updater Services
The marquee investor also added Tanfac Industries, buying a 1.2% stake in the commodity chemicals company. He reintroduced SG Finserve into his portfolio during the quarter and now holds a 1.1% stake. He reduced his stake in this financial services provider to below 1% in Q2FY24.
Kacholia increased his stake in Zaggle Prepaid Ocean Services to 2.2% by buying 0.5% during the quarter. He has maintained a stake in this IT software products company since its listing on the stock exchanges. He also bought an additional 0.1% stake in La Opala RG, taking his holding to 1.7% in the houseware products manufacturer.
Vijay Kedia buys a minor stake in a mid-cap company
Vijay Kedia’s net worth increased by 6.3% QoQ to Rs 1,475.6 crore in Q3FY24. His activity this quarter was limited to acquiring a minor stake in Vaibhav Global. He now holds a 2% stake in the online apparel and accessories company. Kedia has been a stakeholder in Vaibhav Global since before March 2017. It has risen by 275.8% in the past five years. Ashish Kacholia also holds a 1.2% stake in the company.
Dolly Khanna expands her portfolio with multiple additions
Dolly Khanna’s net worth increased by 17.5% QoQ in Q3FY24 to Rs 422.9 crore. During the quarter, the investor added four new companies to her portfolio and increased stakes in six others. Among her new acquisitions, she bought a 1.2% stake each in hotels company Savera Industries and sugar stock Zuari Industries. These stocks rose by 47.5% and 98.3%, respectively, in the past quarter. Khanna also added construction and finance companies J Kumar Infraprojects and Ujjivan Financial Services by buying 1% and 1.1% stakes, respectively.
Dolly Khanna adds multiple stocks to her portfolio
Khanna bought a 0.2% stake each in metals company Prakash Industries and textiles firm Deepak Spinners, taking her holdings in these companies to 1.2% and 1.8%, respectively. The ace investor added around 0.1% stakes each in sugar stock KCP Sugar & Industries (now holds 1.4%), fertilizer company Mangalore Chemicals (taking the current holding to 1.3%), and commodity printing firm Control Print (now holds 1.3%). She also increased her stake in Rajshree Sugars & Chemicals to 1.1%. With this, Dolly Khanna publicly holds 18 companies.
Porinju Veliyath increases stakes in three companies in Q3
Porinju Veliyath’s net worth increased by 8.2% QoQ to Rs 225.9 crore in Q2FY24. During the quarter, while he has not added new companies to his portfolio, he increased investments in three existing holdings. After maintaining a 3.2% stake for two consecutive quarters, Porinju bought 1.6% in pharmaceuticals company Kerala Ayurveda. He currently holds a 4.8% stake in the company. Its stock price has risen by 172% in the past year.
Porinju buys a 1.6% stake in Kerala Ayurveda
In Q3FY24, Porinju also increased his stake in Aurum Proptech, an IT consulting & software firm, by 1%, raising his investment to 4.5%. This marks the third consecutive quarter where he has increased his stake in the company. During the quarter, Porinju also bought a minor stake in a small-cap metals company, P G Foils. He currently holds 1.1% of the company. He added P G Foils to his portfolio in Q2FY24.
