GQG Partners, founded by Rajiv Jain, is a U.S.-based investment management firm, headquartered in Florida, However, the firm is listed on the Australian Securities Exchange (ASX) and also has a significant presence in Australia.
The firm gained popularity after picking up a stake in Adani Group companies during the Adani-Hindenberg saga, and making huge profits from that stake buy, Recently, it has also increased its stake in Several Adani group companies.
FMCG Stocks where GQG Partners have increased their Holdings:
ITC
Established in 1910 as Imperial Tobacco Company of India and Headquartered in Kolkata, ITC is one of India’s largest and most diversified conglomerates with business in FMCG, Hotels, Agri, Paperboards & Packaging, and IT.
With a Market Capitalization of Rs. 5,40,422 Crore, ITC is trading at Rs. 431, which is at an discount of 18.37 percent from its 52-week high of Rs. 528. Additionally, the 1-year return for the stock is 1 percent, and the 5-year return is 140 percent.
In the latest release of the shareholding pattern of Q4 FY25, it can be seen that GQG partners have increased their stake in ITC by 0.39 percent in total from Q3 to Q4. They purchased 3,72,10,476 shares via Goldman Sachs GQG Partners International Opportunities Fund, increasing their stake from 1.21 percent to 1.51 percent.
They purchased 1,18,13,445 shares via GQG Partners Emerging Markets Equity Fund and increasing their stake from 1.87 to 1.96 percent.
PATANJALI FOODS
Formerly known as Ruchi Soya Industries Limited is a leading Indian FMCG company that operates under the umbrella of Patanjali Ayurved. They operate in Edible Oils, Food & FMCG Products, Health Foods, Oil Palm Plantation, and Soy Foods.
With a Market Capitalization of Rs. 71,167 Crore, Patanjali Foods is trading at Rs. 1,965, which is at a discount of 2.28 percent from its 52-week high of Rs. 2,011. Additionally, the 1-year return for the stock is 32 percent.
In the latest release of the shareholding pattern of Q4 FY25, it can be seen that GQG partners have increased their stake in Patanjali Foods by 0.21 percent in total from Q3 to Q4. They purchased 790,963 shares via GQG Partners Emerging Markets Equity Fund.
Written By Abhishek Das
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