Tracking changes in the portfolios of superstar investors offers valuable insights into market trends and strategies. The investment choices of these seasoned investors reflect their bullish or bearish stances on various stocks and sectors, and gives other investors a roadmap on potential investing strategies. 

All superstar investors see their net worth rise in Q3FY24

Previously, we looked at the key superstar buys in Q3FY24. Now, let's analyse their sells. 

Biggest sells by superstars in Q3FY24

RARE Enterprises reduces its stake in Nazara Technologies

Rakesh Jhunjhunwala’s portfolio, currently managed by his wife Rekha Jhunjhunwala and investment firm Rare Enterprises, reduced stakes in two companies in Q3FY24. The portfolio’s net worth grew by around 22% QoQ to Rs 48,186.3 crore during the quarter.

In the October-December quarter, the late big bull’s portfolio cut a 1% stake in the software & services company, Nazara Technologies. This sale reduced the portfolio’s holding to 9%, down from a steady 10% held since Q1FY23. Over the past quarter, its share price has risen by 8.4%.  

Jhunjhunwala’s portfolio pares stakes in two companies

Rare Enterprises also trimmed 0.1% from its stake in banking major Federal Bank, taking its holding to 3%. This is the second consecutive quarter where it has reduced its stake in the bank. Federal Bank has seen a 3.5% increase in its stock price over the past quarter. 

Sunil Singhania pares stake in a micro-cap company to below 1%

Sunil Singhania’s Abakkus Fund saw its net worth rise by 19.2% QoQ to Rs 2,838.9 crore in Q3FY24. The fund reduced its stake in Rajshree Polypack to below 1% during the quarter, after holding a 4.3% stake in the containers and packaging company in Q2FY24. Rajshree’s stock price rose 50.3% in the past year.

Singhania trims his stake in Rajshree Polypack to below 1%

The fund also trimmed its stakes in Ion Exchange (India) and EMS (prices increased by 78.9% and 174.5% in the past year) by 0.64% and 0.36% It now holds 2.14% and 1.35% stakes in the utilities companies. It also sold a 0.3% stake in AGI Greenpac and now holds 1.1% of the diversified consumer services company. 

Abakkus cut 0.1% each in Ethos (specialty retail company), Technocraft Industries (India) (iron and steel products manufacturer) and Siyaram Silk Mills (textile company) to now hold 1.2%, 2.7% and 1.8% respectively. It also cut a minor stake in Sarda Energy & Minerals and IIFL Securities, now holding 2.2% in the iron and steel products manufacturer and 3.3% in the capital markets company.

Ashish Kacholia scales back stakes in three companies to below 1%

Kacholia sells a 1.54%% stake in ADF Foods

Ashish Kacholia’s net worth rose by 8.8% QoQ to Rs 2,764.2 crore in Q3FY24. He reduced his stakes in SJS Enterprises (auto parts & equipment company) and TARC (realty company) to below 1% from previous stakes of 3.2% and 2.2%  in Q2FY24. SJS Enterprises and TARC rose by 32.5% and 308.1% over the past year. He also cut his stake in IT training services company NIIT to below 1% from 1.9% in Q2. NIIT’s stock price fell by 59.4% in the past year. 

The ace investor also sold 1.54% of his stake in ADF Foods, leaving him with a 1.21% holding in the packaged foods company. He cut his stake in Best Agrolife, an agrochemicals company, to 1.4% by selling a 0.9% stake.

Vijay Kedia cuts stake in a hotels company to below 1% 

Vijay Kedia’s net worth increased by 6.3% QoQ to Rs 1,475.6 crore in Q3FY24. During this period, he slashed his stake in Mahindra Holidays & Resorts India to below 1%, down from a 1% stake held in the hotels company in Q2FY24. The company's stock price rose by 62.9% in the past year.

Kedia cuts a 0.2% stake in Talbros Automotive Components

Kedia also sold a 0.2% stake in Talbros Automotive Components during Q3FY24. He now holds a 1% stake in the auto parts manufacturer. The company rose by almost 3x in the past year. He also cut his stake in Elecon Engineering Company to 1.5% by selling a 0.1% share of the industrial machinery company. 

Mohnish Pabrai sells stake in a petrochemicals company 

Pabrai cuts a 2.6% stake in Rain Industries

Mohnish Pabrai’s net worth fell by 0.5% QoQ to Rs 1,358.7 crore in Q3FY24. During the quarter, he reduced his holding in Rain Industries to 4.4% by selling a 2.6% stake. This marks the second consecutive quarter of reduction in this petrochemicals company, whose stock price has risen by 13.5% over the past year.

Dolly Khanna reduces stakes in multiple companies

Dolly Khanna pares stakes in multiple companies

Dolly Khanna actively reduced her holdings in Q3FY24, trimming her stake in 11 companies, including four where her stake fell below 1%. Despite these sales, her net worth increased by 17.5% QoQ to Rs 422.9 crore during the quarter.

Khanna cut her stake in textiles, apparels & accessories firm Monte Carlo Fashions to below 1% from a 1.9% stake in Q2. Its stock price has fallen by 13.5% over the past quarter. She also reduced her stakes in textile company Nitin Spinners (a 1.2% stake held in Q2), breweries firm Som Distilleries & Breweries (a 1.1% stake in Q2), and auto tyres & rubber products manufacturer Tinna Rubber and Infrastructure (a 1.3% stake held in Q2) to below 1%. 

Further adjustments were made to Pondy Oxides & Chemicals, a non-ferrous metals manufacturer, reducing her stake by 0.63% to 2.44%. Over the past year, this small-cap company has gained 155.2%. 

The investor trimmed her stake by 0.4% in packaged foods firm Simran Farms, taking her holding to 1%. Khanna also reduced her stake in an oil & gas stock Chennai Petroleum Corp by 0.3%, bringing her holding to 1.3%. 

During the October-December quarter, Khanna brought down her stake in auto parts & equipment manufacturer Talbros Automotive Components by 0.23% to 1.34%. She also slightly reduced her holding in an electrical equipment firm Salzer Electronics (now owns 1%) and plastic products firm Prakash Pipes (now holds 3.1%). 

Porinju V Veliyath adjusts holdings in key sectors

Porinju cuts a 0.58% stake in Duroply Industries

Porinju V Veliyath sold his stakes in three companies during the quarter, with holdings in two dropping below 1%. His net worth rose by 8.2% QoQ to Rs 225.9 crore in Q3. 

He trimmed his stake in forest products manufacturer Duroply Industries by 0.58% to 6.45%. The company’s share price has risen by 62.8% over the past year. 

During the quarter, Porinju reduced his stakes in Shalimar Paints and Singer India to below 1%. He has consistently held a 1.6% stake in furnishing paints manufacturer Shalimar Paints since Q4FY22. Meanwhile, he added consumer durables firm Singer India to his portfolio in Q2FY24, but he reduced his stake to below 1% in Q3.