Kenneth Andrade-Led Old Bridge Fund Sells HCL Tech Stake, Buys Tata Motors PV

In February 2026, Kenneth Andrade's Old Bridge Focused Fund executed significant portfolio adjustments. The fund completely exited its position in HCL Technologies while investing in Tata Motors PV, reflecting a strategic shift. 

Old Bridge Fund’s Complete Exit from HCL Tech 

During February, Old Bridge Fund sold all of its 10,90,000 shares in HCL Technologies, marking a total withdrawal from the IT sector. This move symbolised its single full divestment within that period, thereby reducing its exposure to information technology investments. 

The decision to divest coincided with a reallocation of interests towards other sectors, aligning the fund's portfolio with diversified industries beyond technology. 

Investment in Tata Motors PV 

Taking a strategic turn, the Old Bridge Fund allocated resources towards Tata Motors PV, positioning itself in the automotive sector. This investment decision underscores the fund's intent to diversify and perhaps capitalise on potential growth areas in vehicle manufacturing and sales. 

Read More: Foreign Investors Sell ₹17,000 Crore of Indian IT Stocks in February Amid AI Disruption Concerns! 

Concentration in Other Sectors 

The fund's portfolio, post-realignment, remains concentrated in diverse sectors including financials, pharmaceuticals, metals, telecom, aviation, and industrial companies. This strategy may help in balancing risks across various industries while seeking growth opportunities. 

The strategic adjustments potentially reflect an adaptive approach to shifting market conditions and potential sector-specific opportunities. 

Conclusion 

Kenneth Andrade’s Old Bridge Focused Fund’s recent portfolio changes, notably offloading HCL Technologies and adding Tata Motors PV, indicate decisive reallocation within its investment strategy. The choices reflect a broader diversification approach aimed at harnessing growth in various sectors beyond IT. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks; read all the related documents carefully before investing.