Q3 has brought fresh changes to superstar investor portfolios. RARE Enterprises’ portfolio has reduced its holding in pharmaceuticals company Sun Pharma Advanced Research to below 1% in Q3FY25. It held a 1.9% stake in the company since Q4FY23.

RARE Enterprises, Singhania's Abakkus Fund, adjust their holdings in key sectors

Sun Pharma Advanced Research has declined by 54.1% over the past year, underperforming its sector by 89.3%.  Trendlyne classifies it as an Expensive Underperformer.

During the quarter, the portfolio also revealed a 49.3% stake in healthcare services company Inventurus Knowledge Solutions. The company debuted on the bourses on December 19, 2024, with its IPO oversubscribed by 52.7 times. It has risen by 41.5% since its listing. 

RARE Enterprises is part of Inventurus’ promoter group. The late Rakesh Jhunjhunwala acquired a stake in the company in 2007. Post Inventurus’ IPO, the RARE portfolio holds a 49.3% stake. 

Rakesh Jhunjhunwala’s portfolio is currently handled by his wife, Rekha Jhunjhunwala and the RARE Enterprises team. RARE Enterprises increased its stake in capital markets firm Geojit Financial Services by 0.2% and now holds 7.2%. Geojit Financial’s share price has risen 30.6% over the past year, outperforming its sector by 15.5 percentage points. The company has a strong durability score of 65, and a mid-valuation, scoring 49.8. 

With these recent stake changes, the portfolio publicly holds 27 stocks with a net worth exceeding Rs   65,570.9  crore. During the quarter, the portfolio sold minor stakes (0.1% each) in Wockhardt and Singer India and now holds 1.8% and 6.9% in the pharmaceuticals and household appliances companies, respectively.

Sunil Singhania raises stake in a household appliances company, reduces stakes in three 

Sunil Singhania’s Abakkus Fund increased its stake in Hindware Home Innovations, a household appliances company, during the December quarter. The stock has a strong durability score but a negative price-to-earnings (PE) ratio of 164. Over the past year, the company’s stock price has declined by 44%.

Abakkus reduced its stake in HIL, an SME cement manufacturer, by 0.8%, lowering its holding to 2.4%. It had consistently held a 3.2% stake in the company since Q1FY24. The stock is trading in the strong sell zone, indicating it is trading significantly above its historical PE.

Singhania’s Abakkus Fund also trimmed its stake in a capital markets company, IIFL Capital Services, by 0.4%. The stock has risen by 69.5% over the past year, outperforming its industry marginally. However, mutual funds and foreign institutions have increased their shareholding in the company during the quarter. 

Additionally, Abakkus reduced its holding in Sarda Energy & Minerals, a steel products manufacturer, by 0.2%. Singhania has consistently reduced his stake in the company since Q3FY25. Sarda Energy ranks well on Trendlyne’s checklist scoring 60.9% and has surged by 70.6% over the past year. With these recent stake changes, the portfolio publicly holds 22 stocks with a net worth of Rs 2,700.9 crore.