All about Rakesh Jhunjhunwala's Portfolio | Top Rakesh Jhunjhunwala holdings

Rakesh Jhunjhunwala needs no introduction in the Indian stock markets. His moves and strategies are perhaps the most followed by investors; retail and institutional. He has been given a lot of epithets by the stock market community. To some, Rakesh was the Pied Piper of stock markets, while to some he was the proverbial Big Bull and to many others he is India’s answer to Warren Buffett. 

Yes, Rakesh Jhunjhunwala was a legendary Indian investor, trader, and billionaire often referred to as the "Warren Buffett of India." He built his wealth primarily through long-term equity investments and was known for his deep understanding of Indian markets, sharp foresight, and high conviction bets like Titan Company. He was also a chartered accountant and a co-founder of Akasa Air. Jhunjhunwala passed away in August 2022 but remains an iconic figure in India's stock market history.

As of the close of March 2025, As per the latest corporate shareholdings filed, Rakesh Jhunjhunwala and Associates publicly holds 27 stocks with a net worth of over ₹61,689.4 Cr.

These are shares held by Rakesh Jhunjhunwala and Associates as per the shareholding data filed with the exchanges. The latest quarter tends to have missing data since not all companies may have reported their shareholding data till now.Rakesh Jhunjhunwala held a total of 34 stocks in his family portfolio with a market value of ₹31,952 crore as of 30th April 2022. Here is a snapshot of his top holdings in rupee value terms.

Note: Stocks like Autoline Industries, Edelweiss Financial, Prozone Realty, Rallis, and Sun Pharma Advanced are listed without recent March 2025 data and are thus excluded from this structured table.

Which stocks did Rakesh Jhunjhunwala add to his portfolio in Q4 FY25?

Let us look at the fresh addition of stocks to his portfolio in the Mar-25 quarter. In Q4 FY25 (January to March 2025), the late Rakesh Jhunjhunwala's portfolio, now managed by his estate, saw a few key changes, with new additions and increased holdings in select stocks. Notably, Federal Bank witnessed a marginal increase in holding from 1.4% to 1.5%, signaling renewed confidence in the banking sector. 

Similarly, Aptech, a long-standing holding, was maintained at 41.4%, showcasing continued conviction. Among additions, Baazar Style Retail emerged with a 3.4% stake, reflecting a fresh bet on retail growth, despite a slight drop from the prior quarter. Meanwhile, Sundrop Brands and Nazara Technologies saw reduced holdings, hinting at partial profit-booking or portfolio rebalancing. These changes suggest a cautious yet opportunistic approach, focusing on financials and consumer-centric sectors with long-term potential.

Which stocks did Rakesh Jhunjhunwala downsize in his portfolio during Q4 FY25?

In the Mar-25 quarter, Rakesh Jhunjhunwala did make a number of reductions in his holdings. Here is a quick look at the stocks where he downsized holdings.

During Q4 FY25, Rakesh Jhunjhunwala's portfolio witnessed selective downsizing across a few holdings, indicating a cautious rebalancing strategy. Notably, Sundrop Brands saw a significant reduction in holding from 7.0% in December 2024 to 4.9% in March 2025—a sharp drop of 2.1 percentage points. This considerable cut suggests a potential shift away from the FMCG player, possibly due to valuation concerns or underperformance relative to expectations.

Another noticeable downsize was in Nazara Technologies, where the stake was trimmed slightly from 7.2% to 7.1%. Although the change appears marginal at -0.1%, it continues a consistent downward trend from its peak of 10% in March 2023. This indicates a gradual profit-booking approach in the online gaming sector, where volatility remains high.

Baazar Style Retail, a newer addition to the portfolio, saw a reduction from 3.7% to 3.4%, hinting that the initial investment might be under review or that early returns haven’t met expectations.

These downsizing decisions reflect a prudent portfolio management style focused on preserving gains while reallocating capital to more promising or stable opportunities. The moves also underscore an adaptive investment strategy amid evolving market dynamics in the Indian equity landscape.
In Q4 FY25, a major portfolio shift was observed as the Jhunjhunwala family significantly trimmed their stake in Titan, a stock they had held for over two decades. The value of their holdings dropped from ₹17,481 crore in Q3 to ₹14,871 crore in Q4—a 15% decline amid market corrections. The stake now stands at 5.14%. This reduction marks a strategic reallocation, as Inventurus Knowledge Solutions (IKS) replaced Titan as the top holding in their portfolio.

How did Rakesh Jhunjhunwala's portfolio perform this year?

The late Rakesh Jhunjhunwala’s portfolio, now managed by his wife Rekha Jhunjhunwala, witnessed notable shifts in FY25, reflecting a strategic realignment amid volatile markets. The standout move was the elevation of Inventurus Knowledge Solutions (IKS) as the top holding, replacing long-time favorite Titan, which saw a significant value drop of 15% between Q3 and Q4. IKS, listed in December 2024 with a price band of ₹1,329, surged to ₹2,190 before correcting to ₹1,651, pushing its holding value to ₹16,319 crore. Meanwhile, Titan holdings fell from ₹17,481 crore in September to ₹14,871 crore in December, even though the Jhunjhunwala family still holds a 5.14% stake.

Despite Titan’s correction, the overall portfolio showed strength in selective sectors. Minor value increases were observed in Fortis Healthcare, Indian Hotels, and Star Health & Allied Insurance, suggesting confidence in healthcare and hospitality. Large holdings like Tata Motors, Metro Brands, and NCC Ltd remained largely unchanged. The replacement of Titan with IKS as the top stock signals a shift toward new-age businesses. Overall, while a few legacy stocks underperformed, the portfolio realignment hints at a cautious yet forward-looking investment strategy in FY25.