Tera Investment’s Top Traded Stocks and Market Implications

Tera Investment has once again captured investors’ attention by concentrating its trading volume on a tight set of equities in the last quarter.

Tera Investment’s Focus on the Istanbul Stock Exchange

■BIM Birlesik Magazalar – 22.4% of the portfolio, average daily TRY 1.8 bn turnover.

■ASELSAN – 18.7%, average TRY 1.3 bn turnover.

■Koc Holding – 15.2%, average TRY 1.0 bn turnover.

■Turkish Airlines (THY) – 12.5%, average TRY 0.9 bn turnover.

■Eregli Demir ve Celik – 9.3%, average TRY 0.7 bn turnover.

Sectoral Drivers and Headwinds

■Elevated inflation with 48.9% YoY consumer price rise.

■Currency volatility, especially USD/TRY swinging 12%.

■Ongoing global supply‑chain constraints.

Near‑Term Market Outlook

■BIM and ASELSAN targeting 10‑12% returns by year‑end.

■Koc Holding poised for 8% upside post‑restructuring.

■THY expected to gain 6% as passenger traffic recovers.

Tera Investment’s stock picks reflect the squeeze on SME credit lines and the Central Bank’s tight monetary stance, which together shape liquidity flows on the exchange. Defense and retail sectors retain investor interest despite rising funding costs, thanks to robust cash generation. Nonetheless, currency pressure and an inflationary backdrop lift risk premia, urging a cautious diversification approach.