Sunil Singhania Portfolio

5paisa Research Team 5paisa Research Team 9th December 2022 - 12:57 pm

Sunil Singhania is one of the most reputed names in the fund management segment and needs no introduction in stock market circles. As the former CIO of Reliance Mutual Fund, Sunil worked closely with Madhu Kela to make Reliance Mutual Fund a formidable name in the mutual fund industry. After leaving Reliance Mutual Fund, Sunil Singhania currently runs the Abakkus Fund, but his moves are still tracked closely due to his in-depth understanding and insights into mid-caps and small caps.

As of the close of December 2021, Sunil Singhania (Abakkus) held 24 stocks in the portfolio with a market value of Rs.2,236 crore as of 30th January valuations. His portfolio is sequentially down 18% in the Dec-21 quarter in terms of value in line with the overall fall in the markets. Here is a snapshot of his top holdings in rupee value terms.

Here is Sunil Singhania's Portfolio as of Dec-21

Stock Name	Percentage Holding	Holding Value	Holding Movement
Jindal Stainless Hisar Ltd	4.0%	Rs.362 crore	No Change
Mastek Ltd	4.2%	Rs.334 crore	Reduced in Q3
Route Mobile	2.8%	Rs.286 crore	Reduced in Q3
Saregama India	1.5%	Rs.127 crore	Reduced in Q3
Acrysil Ltd	6.1%	Rs.126 crore	No Change
Somany Home Innova	3.7%	Rs.101 crore	No Change
IIFL Securities Ltd	3.1%	Rs.91 crore	No Change
Rupa & Co.	2.0%	Rs.83 crore	No Change
HIL Ltd	2.6%	Rs.82 crore	Increased in Q3
Ion Exchange	2.8%	Rs.78 crore	Increased in Q3

The top-10 stocks account for 74.7% of the value of the portfolio of Sunil Singhania (Abakkus) as of end Dec-21.

Stocks where Sunil Singhania (Abakkus) added to the holdings

Let us look at the fresh addition of stocks to his portfolio and to the stake enhancements in the Dec-21 quarter. There were no new additions made by Sunil Singhania (Abakkus) during the Dec-21 quarter, which was understandable considering that Dec-21 was a volatile quarter and most fund managers focused on value preservation than on value hunting.

There were 4 stocks where Sunil Singhania increased his positions in the Dec-21 quarter. He increased his stake in Sarda Energy from 1.2% at the close of Sep-21 quarter to 1.6% at the close of Dec-21 quarter, an accretion of 40 bps in the sequentially. In addition, he hiked his stake in Dynamatic Technologies, Ion Exchange and HIL Ltd by 10 bps each.

Check - Sunil Singhania Portfolio - Sept - 21

What stocks did Sunil Singhania (Abakkus) downsize in his portfolio?

In the Dec-21 quarter, Sunil Singhania reduced his stake in a number of stocks and that could be all about cutting positions in the midst of the heightened market uncertainty. Here is the story of his reduction in stakes in the Dec-21 quarter.

1) Stake in Kaveri Seeds and Easy Trip Planners reduced from 1.1% each to below the 1% mark in Dec-21 quarter.

2) Stake in Paras Defence reduced by 100 bps from 2.5% to 1.5% during the Dec-21 quarter.

3) Stake in Mastek reduced by 60 bps in the quarter from 4.8% to 4.2%.

4) Stake in HSIL reduced by 60 bps in the quarter from 2.7% to 2.1%.

5) Stake in Route Mobile reduced by 50 bps in the quarter from 3.3% to 2.8%.

6) Stake in Rajshree Polypack reduced by 50 bps in the quarter from 8.2% to 7.7%.

7) Stake in Anup Engineering reduced by 20 bps in the quarter from 5.8% to 5.6%.

8) Stake in Saregama India reduced by 20 bps in the quarter from 1.7% to 1.5%.

9) Stake in Polyplex reduced by 10 bps in the quarter from 1.5% to 1.4%.

All the above reductions in stake happened during the Dec-21 quarter.

Sunil Singhania (Abakkus) Portfolio Performance in retrospect

How did the portfolio perform as of the end of December 2021 quarter compared to different time frames in the past. His portfolio currently stands at Rs.2,236 crore but the portfolio reporting only began over the last 3 years. Since the portfolio has also been a subject of fund inflows, we only look at returns over the last one year.

Between Dec-20 and Dec-21, the portfolio value has gone up from Rs.1.038 crore to Rs.2,236 crore. That translates into annualized portfolio appreciation of 115%. That is still much lower compared to the one year returns in the Sep-21 close, but that is understandable considering the sharp fall in the markets amidst volatile conditions.

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