Portfolio Update:
Currently I’m writing the updates on my PF as and when I can without any specific frequency. But now onwards I’ll try to update this topic on 1st day of each month. This is would help me later to go look at my PF at a particular time and assess how it could’ve played out if I didn’t change weightage of any co.

It’s possible that not many people appreciate the presence of high churn in the PF and so the update on PF would be unnecessary. But in my case as I’m still learning I may have high churn. Also, I mostly add and exit stocks in a gradual way, so making the weights in the PF to have consistent small change instead of sudden big changes. The top 5-7 constituents always remains the same as I take view of few years (2-3 years)

Coming to the point now, this is how my current portfolio look as of today

Few actions that I plan to take soon:

1. Partially or Fully exit MTAR tech. In past few weeks, the promoters of the co have been selling heavily in the open market making me nervous and I feel that the upcoming quarter results and the guidance for FY25 would be not so good. So, I plan to exit this co and allocate somewhere else
2. Participate in Buybacks: I see decent opportunities in ongoing buybacks with a possibility to make 5-10% profit (buyback profits are not taxed to the investor, the co pays) in 2.5 to 3 months which is decent considering the market valuation
3. Raise allocation to DCM Shriram Ind: I see opportunity to make good returns here with ongoing demerger which may take 1.5 to 2 years to conclude. I would be comfortable increasing my allocation from current ~4% to bit higher and upto 8% if I see good correction or any positive developments in the business ( If I find any)

Thanks
Praveen

L&T did not perform for 10 years, HUL did not perform for 10 years than outperformed for 4 years and now in same league. Valuations are high PE 50-80 and it is said that they are destined to get this PE. No doubt that they are portfolio stocks but seeing all stocks rising 3X, 4X and your not moving gives lot of pain.

I have adopted a strategy of rotation and that has worked very well till now. Staying away from PE above 50 and less than 5. Finding cycles in phase 1 or entering phase 2, churning 40% of Portfolio and keeping 60% high conviction bets where more than 20% growth is visible atleast for 3-4 years.
Its like spring concept, in bull markets try to stretch your spring as far as you can by any means, trade, Small cap, large cap, sniff trades, that will help you during bear markets when spring gets contracted and every stock goes down as market can justify PE of 60 and PE of 20 for same stock, its all about us(human phycology)

thanks a lot! just a FYI,
you can always add a new row by right click on the first column

However, let me know if you face any issues, I will be happy to walk through with you

Why do you think so? It clearly shows that 22.45% of the total promoter’s holding(which is 22.4% of total equity) are pledged as per Sept Qtr share holding pattern.

Random thoughts

Thinking over my current portfolio set up around 20% is in common FMCG names like Marico, Godrej consumer, Dabur, Britannia all of which had been a quick 3-5x for me (baring a Dabur) and since then have been stagnant for 2-3 years or maybe even more…

I am doing this check for only those FMCG names I have been holding long term & which have not performed well since covid recovery and couple of bull markets we had since then…

Things to ponder –

• Had it been better to have sold them off at first signs of consolidation 2-3 years back and jumped ship to another sector. I would have loved it had 20% of my this portfolio would have been in excellent companies of Capital goods, engineering …maybe a simple L&T large cap would have been an excellent purchase 2-3 years back…or an ABB!
• I might have fared much better if I switched ship but not sure if had been on my toes currently on when to sell, when to sell, when to sell the new names!!
• My current portfolio has beaten nifty pretty well over long term (not sure about midcap index though) with this 20% and another 10% in Insurance etc. Sectors not doing anything last 3 years or even more (thanks to some other names which made up for them)…Is that a good thing or bad, only perspective can tell…I can be sad thinking these laggards pulled me down or be confident that when these also start performing, I would do much better…

Thoughts are so very cyclical…inherent nature is probably not…lets see…