The portfolio changes of superstar investors like RARE Enterprises, Ashish Kacholia, Sunil Singhania, and Vijay Kedia provide valuable insights into the market, especially during periods of volatility – like right now. Their buys and sells help investors find potentially profitable sectors and stocks. Here we look at the sells made by these superstar investors in Q3FY25.
The chart below shows changes in superstar investors' current portfolio net worth (note that net worth reflects changes in current holdings, as well as new buys and sells).
Previously, we focused on the key superstar buys in Q3FY25. Now, let's analyse their sells. During the latest quarter, most superstar investors remained cautious and increased stake sales, extending the trend from the previous quarter. The chart below highlights their biggest sells during this period.
RARE Enterprises pares stake in a pharma stock to below 1%
Rakesh Jhunjhunwala’s portfolio, currently managed by Rekha Jhunjhunwala and investment firm RARE Enterprises, reduced holdings in four companies during Q3. The portfolio’s net worth has risen by 12.5% to Rs 61,970 crore as of February 10.
In the October-December quarter, the late big bull’s portfolio sold its stake in Sun Pharma Advanced Research to below 1%. The portfolio held a 1.9% stake in the firm for seven consecutive quarters. The pharma company has declined by 56.9%, underperforming its industry by 83.4% points.
During the latest quarter, RARE reduced a 0.8% stake in Nazara Technologies, and now holds 7.2% in the internet software & services company. The company rose just 9.8% in the past year, underperforming its industry by 39.7% points.
RARE Enterprises also sold a minor 0.1% stake each in household appliances maker Singer India, and pharma stock Wockhardt during the quarter. The portfolio now holds 6.9%, and 1.8%, respectively, in these companies.
Ashish Kacholia goes on a selling spree in Q3
Ashish Kacholia’s net worth declined by 21.9% to Rs 2,732.5 crore as of February 10 as he scaled back on multiple stocks. The investor reduced his holdings in three companies to below 1% during the third quarter.
During the latest quarter, Kacholia cut his stake to below 1% each in Raghav Productivity Enhancers, Updater Services, and E2E Networks. He held 2%, 1.5%, and 1.1% stakes, respectively, in the other industrial goods, misc. commercial services, and internet software companies respectively during Q2FY25. Raghav Productivity and Updater Services have neutral Momentum scores, while E2E has low Durability.
The marquee investor also sold 4.7% in auto parts & equipment maker Universal Autofoundry. It has a technically bearish Momentum score. The company is currently trading in the PE Sell Zone. Its net profit has declined over the past few quarters, and it reported a net loss during Q3FY25.
A possible reason for Kacholia’s significant sells during Q3 could be the rising valuations in the midcap and smallcap space. He sold a 0.9% stake in Awfis Space Solutions, a special consumer services company. The company has weak financials and features in a screener of stocks with low piotroski scores.
The ace investor lowered his holding in Basilic Fly Studio to 1.2% and Shaily Engineering Plastics to 5.2%. Basilic Fly appears in a screener of companies with prices below short, medium, and long term averages. He also trimmed his stake in Jyoti Structures to 2%. Its share price has declined by 21.9% over the past year, underperforming the construction & engineering industry by 28% points.
Sunil Singhania’s Abakkus Fund adjusts holdings in key sectors
Sunil Singhania’s Abakkus Fund saw its net worth fall by 17.6% to Rs 2,636.8 crore. The fund reduced its stake in HIL to 2.4% during the quarter, after holding a 3.2% stake in the cement & cement products maker in Q2FY25. Its share price has declined by 28.1% over the past year, underperforming its sector by 33.7% points.
Singhania’s fund also trimmed its stake in IIFL Capital Services by 0.4%, taking the holding to 2.5% in the capital markets company. It sold a 0.2% stake in the iron & steel company Sarda Energy & Minerals. The company is in the PE Strong Sell Zone, indicating that it is currently trading above its historical PE.
The fund also cut a 0.1% stake in industrial machinery maker Anup Engineering. Trendlyne classifies the company as an Expensive Performer, with a valuation score of 26.5.
Vijay Kedia makes minor stake sales during Q3
Vijay Kedia’s net worth decreased by 4.4% to Rs 1,598.8 crore as of February 10. During the quarter he reduced his stake in telecom equipment maker Tejas Networks to 1.3%. He held a 1.9% stake in the company in Q2. Over the past three months, its share price decreased by 37%, underperforming its industry by 21.7% points.
Kedia also cut a 0.2% stake in industrial machinery maker Elecon Engineering during the quarter. He held a 1.3% stake in the company for three consecutive quarters before reducing it to 1.1% in Q2FY25. The company has risen by a marginal 0.2% over the past year. Trendlyne classifies the company as a Falling Comet.
The ace investor sold a minor stake in Repro India, and now holds 6.3% in the publishing company.
Dolly Khanna cuts stakes in multiple companies
Dolly Khanna reduced her holdings in eleven companies during Q3FY25, including three where her stake fell below 1%. Her net worth decreased by 36.2% to Rs 389.5 crore as of February 10. During Q3, she lowered her stake in housing finance company Repco Home Finance and non-ferrous metals firm Pondy Oxides & Chemicals to below 1% from 1.1%. Over the past year, Repco’s share price has declined by 15.6%, while Pondy Oxides has risen by 84.3%. Pondy Oxides is currently trading in the PE Sell Zone.
Khanna also reduced her stake in J Kumar Infraprojects to below 1% from 1%. The company is currently in the PE Neutral zone. Over the past year, it has risen 15.6% over the past year.
During the quarter, she trimmed her stake in Selan Exploration by 0.5%, now holding 1.2%, and cut her holding in Nile to 1.1% by reducing 0.2%. Both the companies have a bearish outlook as they appear in a screener of stocks with medium to low Trendlyne Momentum score.
Khanna also cut 0.1% in Prakash Pipes, Som Distilleries, and Talbros Automotive, now holding 3.8%, 1.5%, and 1.2% in these companies, respectively. Prakash Pipes and Talbros Automotive saw marginal price changes over the past year, while Som Distilleries declined by 4%.
Dolly made minor reductions in Zuari Industries, 20 Microns, and POCL Enterprises in Q3FY25.
Porinju Veliyath reduces stakes in two companies to below 1%
Porinju V Veliyath’s net worth decreased by 13.7% to Rs 240.3 crore as of February 10. During the quarter, he reduced his stakes in two companies, taking his holdings to below 1%. He cut his stake in hotels firm Apollo Sindoori Hotels from 1.4% to below 1%. Over the past year, the company’s share price has declined by 31.4%, underperforming its industry by 59.7% points.
During the latest quarter, Porinju also cut his stake in Centum Electronics, an electronic components maker, to below 1%. He has consistently held a 1% stake since Q1FY24. Centum holds a medium rank on the Trendlyne Checklist, with a neutral momentum score of 53.5. Over the past year, the firm's share price has risen by 14.3%, but underperformed its industry by 90.2% points.
The investor also reduced his holdings in Ansal Buildwell and AeonX Digital by 0.4%, now holding 3.1% and 3%, respectively. Ansal has a neutral Momentum score and is trading in the PE Sell zone. AeonX has gained 6.1% over the past year.
