I enjoy studying Small Cap Companies & one of the best ways to study them is to observe the work of Small Cap Fund Mgrs. I analyzed top 12 funds & the top 5 holdings in those funds (Data-as of Dec'21). Nippon, in spite of large AUM, is doing very well!
Here is the summary:
(1/n)
Here is the summary:
(1/n)
(2/n)
The usual suspects, SBI Small Cap & Axis Small Cap are missing from this list because their last one year returns are lower. My observation is SBI & Axis funds are a bit conservative and they actually perform well in sideways market. Lets see the sector allocation:
The usual suspects, SBI Small Cap & Axis Small Cap are missing from this list because their last one year returns are lower. My observation is SBI & Axis funds are a bit conservative and they actually perform well in sideways market. Lets see the sector allocation:
(3/n)
It's not surprising Technology is leading and Metals & Chemicals are in top 5. I am actually surprised Textiles' allocation was a bit conservative. Lets see the list of companies that are repeated in more than one fund.
It's not surprising Technology is leading and Metals & Chemicals are in top 5. I am actually surprised Textiles' allocation was a bit conservative. Lets see the list of companies that are repeated in more than one fund.
Conclusion:
1. Less commonality: Different Fund Mgrs are betting on different stocks in their top 5 (sign of bull market)
2. Best bet: Silicon Carbide stocks (EV, Capex cycle)
3. Fund mgrs are going with established names for top holdings
Which stocks do you hold from this list?
1. Less commonality: Different Fund Mgrs are betting on different stocks in their top 5 (sign of bull market)
2. Best bet: Silicon Carbide stocks (EV, Capex cycle)
3. Fund mgrs are going with established names for top holdings
Which stocks do you hold from this list?
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