Big Whales June-2016 - Portfolios of Richest Investors in India - A Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • June’16 The Big Whales Report - Teaser2

Capitalmind June’16 The Big Whales Report - Teaser

Methodology

Criteria

We have considered the holdings of the individual along with their relatives. Ex: The holdings of Rakesh Jhunjhunwala consists of holdings under his own name, hiscompany RARE Enterprises and his wife Rekha Jhunjhunwala. The holdings of an investor is disclosed only when it is more than 1% of the outstanding share capital. If theholding of the Investors falls below 1%, then it is not disclosed (we consider such investments as Exits). The cut off date for this report is 3-Aug-2016 i.e. if theshareholding data for any of these investors have been disclosed after the cut off date, the holdings have been not been included in this report.

Data Sources

Capitalmind uses a broad range of sources to present the most complete picture possible. In addition to extensive primary sources, Capitalmind uses publicly-availabledata from National Stock Exchange (www.nseindia.com), Bombay Stock Exchange (www.bseindia.com), Securities and Exchange Board of India (www.sebi.com), andother publicly available data. Please send any questions, comments, or corrections to ([email protected]) or drop in a message on any of the slack groups[#general, #stocks-fundamentals].

Introduction

A Big Whale is an investor who owns a large stake in many companies, and has demonstrated great investing skills. We bring to you the Big Whales of India by analysing shareholding patterns of all stocks and showing you which companies each person or company is invested in.

Look in further for trends, portfolio values and more. We have 31 entities mentioned in this report, with a macro analysis of which sectors they have focussed on.

Remember though that this is not complete or exhaustive - a person may hold less than 1% in a company (in which case his shareholding information is not public) or may have positions in futures, options or other equity related products which we cannot track.

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http://www.bseindia.com/

http://www.sebi.com/

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Disclaimer

This information has been prepared by Capitalmind solely for informational purposes. It is not, and should not be regarded as, investment advice, asa recommendation regarding any particular security, or as a course of action. Opinions expressed herein are current opinions as of the dateappearing in this material only and are subject to change without notice.

No part of this document may be reproduced in any manner, in whole or in part, without the prior written permission of Capitalmind. Thisinformation is provided with the understanding that, with respect to the material provided herein, you will make your own independent decisionwith respect to any course of action based on your own judgment, and that you are capable of understanding and assessing the merits of a courseof action.

This report is generated from public data released by companies to stock exchanges. Capitalmind makes no guarantees about the accuracy orexhaustiveness of this data. Please do not assume that this information is sacrosanct.

Neither the information, nor any opinion contained herein, constitute a solicitation or offer by Capitalmind to buy or sell any securities, futures,options, or other financial instruments or provide any investment advice or service. Capitalmind does not purport to, and does not, in any fashion,provide broker/dealer, consulting, or any related services.




Hawkeye View 5

How to Read the Report? 11

Detailed Analysis

• Aberdeen Asset Management 16

• Abu Dhabi Investment Authority 20

• Akash Bhanshali & Family 25

• Rakesh Jhunjhunwala 30



CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • June’16 The Big Whales Report - Teaser • Hawkeye View5

HAWKEYE VIEW



OVERVIEW – THE BIG WHALES REPORT

Big Whales – an Individual Investor with substantialholdings in the Indian Capital Market. The Individualmay own shares in the name of his firm and/ orrelatives etc. We consolidate their holdings undereach of these different accounts (except companieswhere they hold shares as Promoter Group).

The report provides you a short background of theInvestor, the sectoral holdings, changes in theinvestment activity and the detailed holding in eachstock for the period ending June, 2016.

The report is limited to the extent of shareholdingdisclosed to the stock exchange. If the Investor holdslesser than 1% of any stock, the holding is notdisclosed. Therefore if the current holding of aparticular investor in a stock turns out to be zero (inthe report below), we classify that as an exit i.e. theinvestor has exited the stock.

We have identified 19 such Individuals who havemade their name from the Indian Capital Marketsincluding the Big Bull Badshah Rakesh Jhunjhunwala,India’s largest philanthropist Azim Hasham Premji whoholds a significant stake through Premji Invest and hasalso invested in the start-up world.

While our previous 4 reports have only included the19 Individual Investors who were classified as BigWhales, we went ahead and added a couple of others.The newly added investors are not individuals butInvestment Firms, Private Equity Firms among others.



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Refer “How to Read this Report” for further information on the above table



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INVESTMENT ACTIVITY FOR QUARTER ENDING June, 2016

SECTOR ALLOCATION FOR ALL INVESTORS



HOW TO READ THE REPORT?



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Picture of the Investor. Note that not all the Investors have their pictures on the public domain

Short Bio of the Investor. While some investors are well known, others like Haresh Keshwani, Nemish Shah and others remain secretive.

CONTENT WARNING: FOR BETTER VIEWING EXPERIENCE, PLEASE SWITCH TO FULL SCREEN MODE USING “CTRL + L”



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Market Value: This is the value of the portfolio held by the Investor based on the closing price of the last traded day of the month for the quarter ended June, 2016.

New Positions: When an investor enters a stock that was not part of his holdings in the previous 7 quarters. In this case, the investor entered 5 new stocks during the quarter.

Added to Holdings: When an investor buys in fresh units of the stock that was previously part of his holdings.

Exited Positions: When an investor sells all the units of the stock that was part of his holdings.

Reduced Allocation: When an investor reduces the units of the stock but continues to hold a lower quantity.

Every stock that the Investor holds belongs to a particular sector. The classified sectors are Consumer Discretionary, Consumer Staples, Energy, Financials, Health Care, Industrials, Info Tech, Materials, Telecom and Utilities.

The above pie chart shows the weight of each sector in the Investor’s portfolio. This is calculated by taking the total value of holding in each sector divided by the total value of the portfolio.

In the above example, the total portfolio value is Rs. 38,641 crore and the value of the stocks in the Info Tech sector is Rs. 6,440 crore. Hence the weight of this sector in the portfolio would be 6,440/38,641 = 16.66%



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• Ambuja Cement – the investor’s holding will not be reported if the holding falls below 1%.

• Anant Raj – the investor currently holds 12,403,490 shares and based on the last traded share price for the quarteri.e. Rs. 49/-, the holding is valued at Rs. 60.6 crore.

• Bajaj Finance – the investor held 1,426,797 shares for the period ended June, 2016 and during the quarter he hadadded 149,347 shares. This means that the holding during the previous quarter was 1,426,797 – 149,347 = 1,277,450shares. Notice the slight increase in the last column of the bar chart (every column stands for a single quarter).

• Castrol India - the investor held 5,633,402 shares for the period ended June, 2016 and this was purchased in thecurrent quarter only. In the previous quarter, the Investor did not hold shares of this company.

Name of the stock that the Investor holds along with the sector classification

The number of shares held at the end of the quarter and the change that has taken place over the previous quarter. Red = reduction, Green = addition during the quarter.

The trend of the number of shares held along with the change in holding value of each individual stock

Note: An exit does not always mean that the investor is no longer holding the stock. If his holding falls below 1%, then it is not disclosed by the exchange.



DETAILED ANALYSIS


CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • June’16 The Big Whales Report - Teaser • Aberdeen Asset Management16

ABERDEEN ASSET MANAGEMENT

Aberdeen Asset Management is a global asset manager listed on the London

Stock Exchange with £301.4 billion Assets Under Management as of 30 June

2016.

Aberdeen Asset Management began when a group of investors, including the

current Chief Executive Martin Gilbert, bought out a £50 million investment

trust in Aberdeen. Aberdeen’s growth has been from acquisition of Barclays

Property investment (UK), Celexa and the UK and US institutional businesses

of Deutsche Asset Management among others.

Aberdeen’s investment style in Equities follows certain key points: Bottom-up

investment style, emphasising company fundamentals, buying stocks and

holding them for the long term, First-hand company research, No investment

made without having interviewed the company’s management first.


http://www.aberdeen-asset.com/


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CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • June’16 The Big Whales Report - Teaser • Abu Dhabi Investment Authority20

ABU DHABI INVESTMENT AUTHORITY

The Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund owned

by Emirate of Abu Dhabi founded for the purpose of investing funds on behalf

of the Government of the Emirate of Abu Dhabi.

The Sovereign Wealth Fund Institute puts the estimated assets at US$773

billion.

ADIA’s mission is to sustain the long-term prosperity of Abu Dhabi by prudently

growing capital through a disciplined investment process and committed

people who reflect ADIA’s cultural values. With a long tradition of prudent

investing, ADIA’s decisions are based solely on its economic objectives of

delivering sustained long-term financial returns.


http://www.adia.ae/

http://www.adia.ae/


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CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • June’16 The Big Whales Report - Teaser • Akash Bhanshali & Family25

AKASH BHANSHALI & FAMILY

Akash Bhanshali is the nephew of Vallabh Bhanshali, a

storied investment banker who introduced Infosys to the

capital markets and also co-founded Enam Securities

along with Nemish Shah (another Billionaire Investor).

Akash Bhanshali currently holds stake in Enam Securities

and also spearheads the Visual Percept Solar Projects (a

subsidiary of Talma Chemical Industries Private Limited,

which is owned by the Bhanshali family of the ENAM

group).

NO PHOTO



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Note: With the identification of New Family Members of the Investor, their holdings for the previous quartershave now been accounted.



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CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • June’16 The Big Whales Report - Teaser • Rakesh Jhunjhunwala30

RAKESH JHUNJHUNWALA

“Big Bull Badshah of Dalal Street” Rakesh Jhunjhunwala

needs no introduction. He is known as Stock Guru and

Warren Buffet of India. A qualified Chartered Accountant,

he manages his own portfolio as a partner in his Asset

Management firm, Rare Enterprises.

He started his career with Rs. 5,000 and after 30 years

has a net worth of over Rs. 7,000 Crores. His favourite

stock has been Titan Company in which he owns over 8%.

Rakesh Jhunjhunwala considers Radhakishan Damani

(India's another ace Investor) as his guru.



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SECTOR ALLOCATION

Note: The Investor’s holding in Geometric and Karur Vysya Bank was not disclosed to the Exchange in March,2016. However, the same has now been captured in this report. Also holdings in Agro Tech Foods and DeltaCorp reported in the previous reports are incorrect. The Investor’s holding in Prozone Intu Properties for Q1-2017 was not disclosed when this report was prepared.



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CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • June’16 The Big Whales Report - Teaser • WestBridge Capital35

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This is a teaser of our complete Big Whales Report – June 2016.

The full report provides you a short background of the Investor, the sectoral holdings, changes in the investment activity and the detailed holding in each stock for the period ending June, 2016. We’ve collated details of 31 investors in the complete report.

You can purchase your own copy of Big Whales report by visiting this link


https://www.instamojo.com/capitalmind/capitalmindin-big-whales-report-june-quarter/


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Big Whales June-2016 - Portfolios of Richest Investors in India - A Teaser