Investments by superstar investors like RARE Enterprises, Ashish Kacholia, Sunil Singhania, and Vijay Kedia are closely tracked by investors for valuable insights into the market. Their buys and sells help investors identify interesting sectors and stocks. Here we look at the sells made by these superstar investors during Q1FY25.
The chart below shows the 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.
Some superstar investors see their net worth rise in Q1FY25
Previously, we looked at the key superstar buys in Q1FY25. Now, let's analyse their sells. During the latest quarter, most superstars went on a selling spree as many stocks hit sky-high valuations, and adjusted their holdings in key sectors. The following chart shows their biggest sells during this period.
Biggest sells by superstars in Q1FY25
RARE Enterprises makes minor stake sales
Rakesh Jhunjhunwala’s portfolio made some cuts, but with a cautious knife. The portfolio, currently managed by Rekha Jhunjhunwala and investment firm RARE Enterprises, cut minor stakes in multiple companies. The portfolio’s net worth grew 4.5% to Rs 50,586.1 crore after Q1FY25.
Jhunjhunwala’s portfolio pares minor stakes in multiple companies
In the April-June quarter, the late big bull’s portfolio cut a 0.2% stake in internet software company Nazara Technologies, and now holds an 8.37% stake. Its share price rose by 37.3% in the past year, underperforming its industry by 71.1 percentage points. This is the third consecutive quarter the portfolio has reduced its stake in the company. RARE also cut a 0.2% stake in edible oils maker Agro Tech Foods, taking the holding to 7.3%. Previously, it held an 8.1% stake in the firm since Q1FY24 before reducing it to 7.5%.
During the latest quarter, RARE reduced a minor 0.1% stake each in bank stocks — Federal Bank, and Karur Vysya Bank. It now holds 2.5% and 4.27%, respectively, in the banks.
RARE Enterprises also sold a 0.1% stake each in other industrial goods firm Raghav Productivity Enhancers, other financial services company Crisil, capital markets stock Geojit Financial, and pharmaceuticals firm Jubilant Pharmova during the quarter. The portfolio now holds 5%, 5.36%, 7.2%, and 6.57%, respectively, in these companies.
Ashish Kacholia goes on a selling spree
Does Ashish Kacholia know something that we don’t, about the stock market? His net worth fell by 15.9% to Rs 2,847.1 crore after Q1FY25 as he pulled back on multiple stocks. The investor, who is usually a bullish player in midcap and smallcap stocks, reduced his stakes in Ador Welding to below 1% from 4.2% in Q4FY24. The Industrial goods company’s share price rose by 16.8% in the past year underperforming its sector by 128.9 percentage points.
Kacholia sells stakes in multiple companies
The marquee investor also reduced his stake in the non-ferrous metals company Gravita India to below 1% compared to 2.2% in Q4FY24. This company is in a strong PE sell zone with its promoter holdings decreasing from 66.48% in Q4FY24 to 63.37% in Q1FY25.
Kacholia also cut his stake to below 1% each in apparels & accessories company Vaibhav Global, finance company Ugro Capital, industrial machinery company HLE Glascoat, iron & steel products retailer Shankara Building Products, and restaurants chain Barbeque-Nation Hospitality.
He reduced his stakes in other companies – 0.7% in Shaily Engineering Plastics, 0.5% in Garware Hi-Tech Films, 0.4% in Repro India, 0.1% in NIIT Learning Systems, 0.2% in Ami Organics and 0.3% in Aditya Vision. He also sold 0.8% each in PCBL and Sastasundar Ventures during the quarter. A likely reason for Kacholia’s multiple sells is the soaring valuations in the midcap and smallcap space.
Raging bull market can be trouble some for experienced investors https://t.co/QZDIgoNgdo
— Ashish Kacholia (@LuckyInvest_ARK) June 28, 2024
Sunil Singhania’s Abakkus Fund adjusts holdings in key sectors
Sunil Singhania’s Abakkus Fund saw its net worth fall 10.3% to Rs 2,741 crore after Q1FY25. The fund reduced its stake in Route Mobile to below 1% during the quarter, after holding a 2.4% stake in the internet services & software company in Q4FY24. Its share price has risen marginally by 0.7% over the past year, underperforming its industry by 107.6 percentage points. It also reduced its stake in PSP Projects, a construction and engineering company, to below 1% from 1.5% in Q4FY24.
Singhania trims his stake in Route Mobile and PSP Projects to below 1%
Singhania’s fund also trimmed its stake in IIFL Securities by 0.2%, now holding 3.1% of the capital markets company. It sold a 0.1% stake in Mastek and now holds 3% in the IT consulting & software company.
Abakkus cut a 0.09% stake in the construction & engineering company HG Infra Engineering. It now holds 1.35% compared to 1.44% in Q4FY25. Its share price rose by 60.3% in the past year, underperforming its industry by 33 percentage points.
Vijay Kedia cuts stakes in three companies
Vijay Kedia reduced his holdings in three companies in Q1FY25, with stakes below 1% in two companies. His net worth dropped 12.8% to Rs 1,615.2 crore since the end of Q1FY25. During the quarter he reduced his stake to below 1% in auto parts & equipment manufacturer Talbros Automotive Components and in electric utilities company Reliance Infrastructure from 1% each in Q4FY24. Over the past year, its share price increased by 28.8%, underperforming its industry by 82.
Kedia reduces stakes in Talbros Auto, Reliance Infra to below 1%
Kedia also cut his stake in Patel Engineering to 1.4% from 1.6% in Q4 FY24. The ace investor had added the construction & engineering company to his portfolio in Q4FY23, by buying a 1.3% stake. The company’s share price has fallen by 7.6% over the past quarter.
Dolly Khanna cuts stakes in four companies
Dolly Khanna reduced her holdings in four companies in Q1FY25, including one where her stake fell below 1%. Her net worth has increased by 4.2% to Rs 608.4. crore since the end of Q1FY25. During the quarter, she reduced her stake in Salzer Electronics (an other electrical equipment/ products manufacturer) to below 1%, from the 1% held in Q4FY24. She added the firm to her portfolio in Q2FY24 by buying a 1.1% stake but reduced her holding to 1% in Q3. Over the past year, Salzer has risen by 195.6%, underperforming its industry by 978.4 percentage points.
Dolly Khanna pares stakes in Salzer Electronics, Deepak Spinners and others
During the April-June quarter, Dolly Khanna cut her stake in Deepak Spinners by 0.7% to 1.04%. She held a 1.77% stake in the small-cap textiles company in Q4FY24.
The ace investor reduced 0.1% stake each in National Oxygen and Control Print, taking her holding to 1.16% and 1.1%, respectively, in the industrial gases and computer hardware companies.
Porinju Veliyath cuts stakes in two companies in Q1
Porinju V Veliyath’s net worth increased by 17.3% to Rs 224.2 crore after Q4FY24. During the quarter, he reduced his stakes in two companies. Porinju cut a 0.2% stake in Mitsu Chem Plast, taking his holding to 1.5%. He added the containers & packaging firm to his portfolio in Q4FY24 by buying a 1.7% stake. Over the past year, the company’s share price has declined by 25.2%, underperforming its industry by 85.8 percentage points.
Porinju pares stakes in Kaya and Mitsu Chem
During the latest quarter, the marquee investor reduced a minor stake (0.1%) in special consumer services company Kaya, taking his holding to 2.9%. He has consistently held a 3% stake for a year since Q4FY23. The company has an expensive valuation with a score of 19.7, but a moderately bullish momentum score of 63.7.
Mohnish Pabrai reduces stake in a realty company to below 1%
Mohnish Pabrai’s net worth fell by 81.1% to Rs 92.5 crore after Q1FY25, and publicly holds just one company currently. During the quarter, he reduced his holding in Sunteck Realty to below 1%, from 2.2% in Q4FY24. He consistently held a 6.7% stake in the company since Q1FY23, before reducing it to 2.2% in the March quarter. The realty company’s share price has risen by 58.5% over the past year but underperformed its industry by 60.4 percentage points.
Pabrai trims stakes in two companies in Q1
During Q1, Pabrai cut his stake in Edelweiss Financial Services by 3.9%, taking his holding to 1.2%. He held a 5.1% stake in the other financial services company in Q4FY24. Over the past quarter, Edelweiss has risen by 9.9%, underperforming its industry’s 22.9% growth.
