Top 5 Stock Picks of Tom Purcell’s Alua Capital Management

In this article, we discuss the top 5 stock picks of Tom Purcell’s Alua Capital Management based on Q2 holdings of the fund. If you want to read our detailed analysis of Purcell’s history, investment philosophy, and hedge fund performance, go directly to the Top 10 Stock Picks of Tom Purcell’s Alua Capital Management.

5. ICICI Bank Limited (NYSE:IBN)

Alua Capital Management Stake Value: $210.4 million

Percentage of Alua Capital Management’ 13F Portfolio: 10.96%

No. of Hedge Fund Holders: 28

ICICI Bank Limited (NYSE: IBN) is a bank based in India. It offers various services like loans, debit, credit cards, mortgages, insurance, banking and investment services. It is fifth on our list of top stock picks of Tom Purcell’s Alua Capital Management.

India’s economy is expected to rise by 9.5% in 2021 according to IMF’s predictions. ICICI Bank Limited (NYSE: IBN) could profit from increased loan and deposit growth as one of India’s top banks. The banks core profit grew by 16.9% year over year in 2021. Similarly account profits increased by 25.5% during fiscal year 2021.

Our data shows that Lone Pine Capital is one of the biggest stakeholders of ICICI Bank Limited (NYSE: IBN) with 43 million shares worth $737.9 million.

At the end of the second quarter of 2021, 28 hedge funds in the database of Insider Monkey held stakes worth $2.5 billion in ICICI Bank Limited (NYSE: IB), down from 31 the preceding quarter worth $1.9 billion.