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ABN Amro has rounded its portfolio in the month of Novermber. The ABN-Amro Equity Fund has an exposure of a little over Rs 230 crore. The fund has had an interesting month.
In the top 10 holdings of the fund, there are some well known names. For example, Mico is one of them in the auto components space, and the fund has actually upped its holdings in the stock from about 1.49% to about 3.49%. It has also hiked its holdings in M&M from 3.23% to about 4.26%.
The fund has a couple of interesting holds. In Vijaya Bank, it had absolutely no holdings in the month of September. However, it holds 3.23% of its purchases in November, into this stock.
Sintex Industries is another interesting dark horse that stands out. There is a buzz about an acquisition, as far as this company is concerned. ABN's holding has gone up from 2.67% to 3.86% in this counter. Apart from that, in some of the front liners like Reliance, the holding has decreased from 5.83% to about 3.28%. For Infosys as well, its holding has decreased from about 6.62% to about 6.35%.
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TCS is one counter, where the fund did not have any holding for September. But as of today, its holding is about 5.22% of its portfolio in TCS.
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Apart from that, the fund seems to be very bullish on the pharmaceutical sector. It has picked up stocks like Sun Pharma, Aventis, Matrix and Nicholas Piramal. Stocks like Hero Honda and NTPC have also added around 2% of its "buys" in November.
Certain key exits that ABN had MoM, have been Bank of India and Centurion Bank. It has exited both these counters completely. Its holdings in these counters was around 2.19% and 1.67% respectively. Therefore, it is a mixed bag in terms of purchases and selling for the fund.
On the auto front, Bajaj Auto and Tata Motors have been exited. The fund had significant holdings of about close to 3% and 2.5% respectively, in both these stocks. It has also exited a lot of industrial player goods like Voltas and BHEL.
If one looks at the transportation space, then Jet Airways was a counter where the fund had a holding of about 2%. That is gone now. Suzlon, which had a listing of currently 2%, has gone completely out of their portfolio.
In terms of sectors, the fund is very bullish on steel. In the pharma sector, its holding has been upped from 5% to 14%. However, in the software space, the fund has decreased its holdings in value terms, from 20% to 15%. Therefore, the fund seems bullish on the pharma and steel sectors. It has also added Sesa Goa to their portfolio in November.
Tags: ABN Amro , ABN-Amro equity fund, Nifty, Mico, auto components space, M&M, Sintex Industries, Reliance, Infosys, TCS, Banking , Punjab National Bank , Punjab National Bank, pharmaceutical sector, Sun Pharma, Aventis, Matrix and Nicholas Piramal, Hero Honda and NTPC , Bank of India , Centurion Bank, Voltas, Tata Motors, Bajaj Auto , Voltas and BHEL, BHEL, Jet Airways, Suzlon, pharma sector, software space, Sesa Goa
May 17 2013, 12:38
- in FII View
May 17 2013, 12:39
- in MARKET OUTLOOK