Last few months have been watching significant up moves in Power, energy, engineering, infra, defence etc. when I held nothing of these sectors. It was a bit easier because I had done my portfolio creation exercise couple years back and junk removal an year back or so. I was not in lookout of buy & neither exit so just held back and watched.
Got a taste of how wild things happen with stocks. First taste was in Tata Elxsi couple years back when IT was the word…got a quick 10X and after that stock has done nothing last 2 years or so…I never bought it for a quick 10x or whatever so it just sits there.
Second taste came with Hitachi Energy, which I had bought for technology & not infra/power as these companies are rich in technology. With power the word now, got a 10x here as well in couple years or so.
While the taste was good, it did not satiate the appetite, because initial investment was meagre and now they form maybe 2-3% of portfolio even after 10x.
However, with a little better portion of Trent to begin with, a quick 5x did seem to impact a course a day meal.
There have been likes of HDFC Life and good old Dabur, where initial investment was worth a full meal but it still remains a meal. With so much time lost, the meal maybe even stale now.
Portfolio looks like below. 90% can be considered core now after junk removal exercise done an year back or so. Remaining 10% non-core, looking to build some positions there with couple of them. The “Weak” conviction ones are something to be trimmed when opportunity is right. Either the conviction needs an upgrade or the portfolio when it comes to them.
Edit: I admire the big change @Mudit.Kushalvardhan has brought in his investing strategy. From a pure fundamental to a momentum/stage/techno-funda approach. Admire the zeal to learn & change themselves. Lower than expected/peer/certain index returns may have been initial driving force. I have faced similar situation last year or so but haven’t got the energy, zeal and aptitude to learn the technical aspects and change my style. I believe its one of most difficult task in investing - To change one’s style which one has stuck since long. So Kudos to @Mudit.Kushalvardhan. CAGR would follow the person who puts in the extra effort and is also gifted with the aptitude!
I will have to settle with lower numbers considering my style, aptitude & zeal.
CORE Portfolio
Company | Percentage | Holding Period | Conviction |
---|---|---|---|
Tata Consumer | 15.5 | Long | Strong |
Trent | 13 | Medium | Strong |
ITC | 9.5 | Medium | Strong |
Pidilite | 8 | Long | Strong |
IT basket | 6.5 | Medium | Strong |
Godrej Consumer | 6.5 | Long | Strong |
Marico | 6 | Long | Strong |
HDFC Life | 4.5 | Long | Medium |
United Spirits | 4 | Medium | Strong |
HDFC AMC | 2.5 | Medium | Strong |
Avenue Supermarts | 2.5 | Medium | Strong |
Nestle | 2.5 | Medium | Strong |
Dabur | 2 | Long | Medium |
Asian Paint | 2 | Medium | Strong |
Hitachi Energy | 2 | Medium | Strong |
Britannia | 2 | Long | Strong |
United Breweries | 2 | Medium | Strong |
NON-CORE Portfolio
Company | Percentage | Holding Period | Conviction |
---|---|---|---|
SBI Life | 1.5 | Long | Medium |
Johnson Controls Hitachi | 1.5 | Medium | Weak |
Spencer retail | 1.5 | Medium | Medium |
Agro tech Foods | 1 | Long | Weak |
Nelco | 0.5 | Short | Strong |
Restaurant Brand | 0.5 | Medium | Weak |
Max India | 0.5 | Short | Strong |
Disc. Invested & highly biased. Not eligible for any advice or recommendations. Post is only for learning purpose. I can be wrong in all my assessments.
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