'Barons' are also leaving the stock market

According to the Central Registry Agency (MKK) data, the number of large investors with a portfolio of over TL 1 million on the stock exchange decreased by 20,904 in December compared to the previous month. It is seen that the large investor group has also exited the stock exchange, where the number of investors has decreased recently. According to the Central Registry Agency (MKK) data, the number of large investors with a portfolio of over TL 1 million, who hold 80 percent of the portfolio managed on the stock exchange, decreased to 186,632 as of December 2023. The number of these investors was 207,536 in November. Thus, it was seen that approximately 21,000 large investors left the stock exchange in December. The number of large investors with a portfolio of over TL 1 million had reached a record level of 217,728 in September 2023. The interest of large investors in the stock exchange began in the last part of 2022. In November 2022, the number of large investors exceeded the 100,000 threshold for the first time. At the beginning of 2020, there were only 13,964 large investors on the stock exchange. When evaluating this data, it is necessary to take into account the inflationary environment. In an environment where inflation is rapidly progressing, the 1 million TL threshold has become a threshold that can be easily overcome for many investors. Portfolio value is also decreasing While the number of large investors is decreasing, it was observed that the value of the portfolio they manage has also decreased. According to MKK data, the portfolio managed by investors with a portfolio of over 1 million TL decreased to 3.74 trillion TL as of December. In November, the portfolio size of large investors was recorded as 3.95 trillion TL. The record level in the portfolio size of large investors was observed in September 2023 with 4.26 trillion TL.