The Art Of Investing! From Patanjali Foods To ITC, GQG Partners Also Like These Shares Beyond Adani Stocks

When Adani Group faced backlash and severe selloffs from investors after the bombshell report of Hindenburg in late January, it looked like the port-to-power conglomerate had hit its most stubborn roadblock whose resolution at that time seemed unpredictable. But even with such a conundrum, there was one investor who took a liking to billionaire Gautam Adani-backed shares. That would be the US-based global boutique asset management firm, GQG Partners. Founded in 2016, GQG believes in investment that could get more money in the future. In recent times, GQG has made significant buying in Indian shares, and there not just bound to Adani stocks but to many other diverse segments. Some of the big stocks holding GQG shares are ITC, Patanjali Foods, JSW Energy, and Max Healthcare apart from Adani stocks.

Here's where GQG has invested in recent times apart from Adani stocks:

Out of the box of handpicked Adani stocks, GQG has recently invested in JSW Energy where it purchased over 1.6 crore equity shares or 1.01% of the company aggregating to Rs 982 crore in the open market. So far in 2023, this energy stock has rallied nearly 23% on BSE.

Last month, GQG liked Baba Ramdev's Patanjali Foods and invested up to Rs 2,400 crore through the route of an offer for sale (OFS). Year-to-date, the stock which was formerly known as Ruchi Soya has climbed over 9%.

GQG also holds a shareholding in four other Indian firms. The investment boutique holds 183,464,790 equity shares or 1.48% in FMCG-giant ITC, currently valued at around Rs 8,334 crore as of now, as per Trendlyne data. Meanwhile, the investor also holds up to 22,951,208 equity shares or 2.36% stake in Max Healthcare Institute, currently amounting to Rs 1,307 crore. Earlier, GQG also held a 1.08% stake in NBFC giant HDFC which has amalgamated into HDFC Bank with effect from July 1, 2023.

So far in 2023, ITC shares have zoomed by 36.5% on BSE, while Max Healthcare stock has advanced over 27%.

GQG's Love For Adani Stocks:

Since March 2023, GQG has invested approximately Rs 38,700 crore in Adani shares. Of the total 10 Adani stocks, GQG alone has increased its stake in five of them since March.

The latest addition of Adani shares would be the purchase of 15.203 crore equity shares or 7.73% stake in Adani Power --- amounting to Rs 4,244.76 crore last week. Also, recently, the investor increased its stake in Adani Ports & Special Economic Zone (APSEZ) to 5.03%.

The first tranche of investment stood at Rs 15,446 crore ($1.87 billion) by GQG in four Adani shares in March. GQG bought Rs 5,460 worth of shares in Adani Enterprises, Rs 5,282 crore shares in Adani Ports, Rs 1,898 crore shares in Adani Total Gas, and Rs 2,806 crore investment in Adani Green Energy during March.

The Art Of Investing:

On its website, Rajiv Jain Chairman & Chief Investment Officer of GQG Partners in his note titled 'It's All About Performance', said, "The reason people entrust us with their money is that at some point in the future, they expect to get more money back."

GQG's goal is quite simple: to compound its client's capital over time. To do this, Rajiv's note said, "We need to protect assets in difficult markets and participate in rising markets. We have developed an investment approach that strives to do just that, based on a lens we call Forward Looking Quality."

"This concept ignores the traditional investment constraints associated with growth and value and instead focuses on investing in companies that we believe are going to be successful over the next 5 years and beyond," the note added.

Hence, GQG sees itself as more than just an asset manager. It has created an environment that nurtures excellence and innovation, with an emphasis on mastering its craft.

It will be keenly watched how GQG's shareholdings in the above Indian stocks perform in the future. As of now, GQG's stocks portfolio is doing well on exchanges!