Active managers continue to churn

Their purchases totaled Rs 11.24 lakh, while sales scaled to Rs 11.35 lakh. The benchmark S&P CNX Portfolio value appreciated 1.6 per cent to Rs 10.80 lakh. Similarly, fund managers, too, clocked gains of 1-4 per cent each.

Ajay Parmar
Ajay Parmar executed seven trades in the last five trading days, he bought stocks worth Rs 1.55 lakh and sold worth Rs 1.56 lakh. He holds a diverse portfolio of 21 stocks. His recent picks are from the sugar space — Bajaj Hindusthan, Balrampur Chini and Shree Renuka. He booked a loss of 20 per cent on his investment in Gulf Oil. Parmar also exited from GMDC and Gujarat NRE Coke for a loss of nearly 6 and 1 per cent, respectively. His net worth stands at Rs 10.51 lakh, up over 5 per cent, following a near 4 per cent surge this week.
 

Ajay Parmar, Head Research Institutional Equities, Emkay
Top Holdings	Cost price (Rs)	Current price (Rs)	Value (Rs lakh)
Unichem Labs	185.98	239.85	1.20
Natco Pharma	291.03	308.85	0.85
eClerx Services	546.00	720.50	0.72
Chambal Ferts	75.38	87.80	0.70
Bajaj Hindusthan	120.60	122.45	0.61
Total investments			10.42
Cash			0.09
Net worth			10.51

Shishir Bajpai
He was again seen churning his portfolio. He executed 18 trades this week, nine on each side. His gross purchases for the week exceeded gross sales by a margin of Rs 40,250 at Rs 7.17 lakh. He now holds nine stocks in his portfolio. Interestingly, he has the two newly listed PSUs, Coal India and Moil, in his portfolio. Given the high amount of churn, his oldest stock in the portfolio is hardly a fortnight old. Bajpai still holds Rs 3.75 lakh in cash, while his net worth has scaled up to Rs 13.51 lakh, up a whopping 35 per cent since the inception of season III.
 

Shishir Bajpai, Senior Vice President, IIFL Private Wealth
Top Holdings	Cost price (Rs)	Current price (Rs)	Value (Rs lakh)
MOIL	458.17	451.35	1.35
Sterlite	178.70	188.70	1.32
Coal India	313.98	308.05	1.31
Tata Motors	1266.00	1300.15	1.30
Selan Exp.	425.34	415.45	1.25
Total investments			9.75
Cash			3.76
Net worth			13.51

Siddharth Bhamre
Siddharth Bhamre was the only fund manager to sit on the sidelines this week. His net worth appreciated by over 2 per cent to Rs 9.80 lakh. His last transaction dates December 7. Currently Bhamre holds 20 stocks in his portfolio. JK Tyres, Electrosteel Castings, Kingfisher Airlines, IVRCL Infrastructures, Century Textiles and Patel Engineering are some of the major laggards in his portfolio. He is fully invested in the markets, and would be very interesting to see how he turns things around in the time to come.
 

Siddharth Bhamre, Head-Equity Derivatives, Angel Broking
Top Holdings	Cost price (Rs)	Current price (Rs)	Value (Rs lakh)
Reliance Inds	1034.60	1051.20	0.79
Great Offshore	379.20	393.20	0.79
CESC	372.75	361.50	0.72
Aban Offshore	809.00	810.25	0.65
McLeod Russel	232.60	217.30	0.54
Total investments			9.80
Cash			0.00
Net worth			9.80

Vinay Khattar
Vinay Khattar executed six trades, three on each side. His net worth increased by a little over a per cent to Rs 10.80 lakh and is now up nearly 7 per cent since the start of Season-III. He holds just five stocks in his portfolio, all trading above his cost price. His investments at valued at Rs 4.60 lakh, while he holds cash of Rs 6.07 lakh. In the recent sell transactions, he booked a gain of almost 5 per cent on his investment in Bharti Airtel, while booked marginal losses in Petronet LNG and Aurobindo Pharma.
 

Vinay Khattar, Head – Research of WAIS, Edelweiss
Top Holdings	Cost price (Rs)	Current price (Rs)	Value (Rs lakh)
Hexaware Tech	113.15	116.95	1.05
Firstsource Solutions	24.50