Ashish Kacholia rejigged his portfolio significantly in the December quarter, with four new additions from the smallcap segment and likely exits in four other stocks.

Kacholia’s holding in as many as four stocks fell below 1% during the last quarter. The ace investor increased his holding in a couple of counters while trimming in three others, according to the shareholding data available on the BSE.

Shareholding of individual investors is reflected in the ‘Shareholding Pattern’ of BSE-listed companies only on reaching 1% stake or above in the company.

Among the new additions were Tanfac Industries, SG Finserve, Brand Concepts and Updater Services where he purchased stakes to the tune of 1.19%, 1.14%, 1.44% and 1.96%, respectively.

While Brand Concepts has given multibagger returns of 230% over the past 12 months, returns by Tanfac have been nearly 97%. SG Finserve and Updater Services have delivered 5% and 20% returns, respectively.

The December shareholding data of ADF Foods, NIIT, TARC and SJS Enterprises does not feature Kacholia which indicates that either he has exited the stock or reduced his holding to less than 1%.

Kacholia’s holding in smallcap ADF Foods stood at 1.04% in the September quarter while that in NIIT, SJS and TARC stood at 1.86%, 3.23% and 2.22%, respectively. He booked profit in TARC in the December quarter. This stock has delivered a whopping 276% returns over the last one year.As for ADF and SJS, the stock returns are better than Nifty at 36% and 25%, respectively. The only laggard in the pack is NIIT with negative returns of 60%.

He hiked his stake in Zaggle Prepaid Ocean Services in the December quarter to 2.21% up from 1.74% in the three months ended September 30, 2023. In La Opala RG, his investment went up by 2 bps to 1.66% in the previous quarter.

His holdings came down in smallcaps Best Agrolife and Repro India during the December quarter. In the case of the former, an 11 bps cut was undertaken to 1.36% while in the latter Kacholia trimmed shares by 1 bp to 3.22%.

In Balu Forge Industries, the investor reduced his stake to 2.11% in the December quarter from 2.16% in the previous quarter ended September 30, 2023. The partial profit booking comes on the back of multibagger returns of over 200% in the last 12 months which is a significant outperformance over Nifty’s 18% returns during the same period.

Kacholia’s portfolio value also went up 8.7% to Rs 2,764 crore on a quarter-on-quarter basis at the end of December versus Rs 2,541 crore in the September ended quarter, according to Trendlyne. His portfolio comprises 48 stocks.

Also Read: Vijay Kedia Portfolio Rejig: Stake up in 2 stocks in Q3, partial profit booking in 3 multibaggers

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