Portfolio Composition, July 2014
Here is the list of stocks which comprise more than 1% of my portfolio at the end of July 2014.
| Stock | Latest Price | Overall Gain % | Percentage of Portfolio |
| Oberoi Realty (49) | 251.9 | 5.34 | 10.23% |
| IDFC (71) | 149 | 15.87 | 8.57% |
| eClerx Services (17) | 1,284.95 | 25.17 | 3.40% |
| ILandFS (25) | 24.85 | 75.91 | 3.16% |
| Selan Explore (28) | 585 | 84.12 | 2.80% |
| IRB Infra (15) | 249.1 | 206.21 | 2.23% |
| Mayur Uniquoter (11) | 430 | 287.27 | 2.13% |
| Balkrishna Ind (11) | 769.9 | 231.37 | 2.10% |
| NMDC (26) | 169.8 | 28.28 | 2.06% |
| Larsen (14) | 1,469.15 | 45.25 | 2.03% |
| Cummins (4) | 606.9 | 49.22 | 1.93% |
| Shilpa (11) | 514 | 37.04 | 1.91% |
| Sesa Sterlite (3) | 282.5 | 87.09 | 1.86% |
| Bharat Forge (9) | 722.25 | 165.29 | 1.83% |
| Kaveri Seed (13) | 700.15 | 136.03 | 1.57% |
| Ajanta Pharma (14) | 1,664.60 | 65.18 | 1.49% |
| EID Parry (13) | 190.65 | 34.76 | 1.45% |
| Hind Zinc (17) | 162 | 33.88 | 1.43% |
| Sun Pharma Adv (18) | 168.2 | 37.95 | 1.39% |
| MPS (14) | 348.05 | 170.51 | 1.32% |
| PI Industries (10) | 383 | 140.88 | 1.30% |
| RS Software (14) | 407 | 97.08 | 1.30% |
| Tata Inv Corp (13) | 539.4 | 33.19 | 1.26% |
| Grindwell Norto (7) | 420 | 63.73 | 1.18% |
| Indian Hotels (8) | 94 | 75.65 | 1.18% |
| Munjal Auto Ind (11) | 75.75 | 122.84 | 1.18% |
| NTPC (6) | 140.45 | 7.86 | 1.17% |
| Oriental Carbon (9) | 264 | 133.2 | 1.17% |
| PTC India Fin (6) | 33.15 | 121.49 | 1.17% |
| ILandFS Trans (15) | 228.7 | 70.18 | 1.17% |
| ITC (20) | 349.6 | 14.84 | 1.16% |
| ICICI Bank (9) | 1,474.00 | 57.85 | 1.10% |
| Muthoot Cap (10) | 170 | 80.81 | 1.07% |
| Tata Steel (4) | 549.9 | 100.66 | 1.07% |
| Sobha Developer (12) | 438.8 | 52.03 | 1.07% |
| TCS (7) | 2,515.10 | 42 | 1.03% |
| Banco Products (2) | 129.5 | 130.58 | 1.01% |
| Reliance (6) | 975.4 | 29 | 1.01% |
What has changed? For one, I have spent all of July 2014, increasing my stake in Oberoi Realty and IDFC. This was as per my earlier stated intention. Now, both stocks comprise around 10% of my portfolio. This is essentially in keeping with my objective to concentrate my portfolio. Sometime this month, I will write about my investment rationale for both stocks.
I sold all of my Clariant Chemicals, simply because it had risen out of sync with possible valuations, and invested the proceeds in eClerx services. Increasing my exposure to eClerx was also my stated intention in earlier posts.
I also increased my exposure to NMDC and Tata Global Beverages, on a dip in prices of both. I increased my holding in Shilpa Medicare and PI Industries (PI following nice results). Finally, poor Larsen and Toubro results for the quarter resulted in sharp dip in prices, which I bought into.
I sold out of Morganite Crucible, more for the sake of not investing in stories without any technological or brand edge. Instead, I dipped my toes into Bayer CropScience, and on the MNC theme, increased my exposure to Grindwell Norton. Finally, there was some buying of PTC Indian Financial Services and IL&FS Investment Managers, both on a relative dip in market prices.
Concentration continues apace. The stocks which comprise at least 1% of my portfolio are now down to 38, and the total percentage of these in my portfolio is now more than 75%.
My eventual aim is to increase the concentration even further, with 25 scrips comprising around 90% of my portfolio.
What stocks gave the best performance in July, 2014 within my portfolio?
IDFC for sure, following the RBI announcement on CRR and SLR requirements on infrastructure loans. IRB Infra, following a decent result, and positive government announcements for the roads sector. IL&FS investment managers, despite becoming ex-dividend.
From the ValuePickr basket, Ajanta, PI, Mayur and Shilpa, all gave great returns in July.
Another great stock last month was Bharat Forge.