Rakesh Jhunjhunwala Portfolio

The top-10 stocks account for 82.07% of the value of the portfolio of Rakesh Jhunjhunwala as of end Dec-21. Out of his Top-3 holdings, 2 are recent IPOs; Star Health and Metro Brands.

Stocks where Rakesh Jhunjhunwala added to the holdings

Let us look at the fresh addition of stocks to his portfolio first in the Sep-21 quarter. There were 2 important new additions made by Rakesh Jhunjhunwala to his portfolio and both Star Health & Allied Insurance and Metro Brands came from IPO listings. Rakesh now holds 17.5% stake in Star Health and 14.4% in Metro Brands. 

He added to his stake in a number of stocks. During the Dec-21 quarter, Rakesh added 50 bps to his stake in Escorts and now owns 5.2%. He also increased his stake in Titan by 20 bps from 4.9% to 5.1%. In addition, Rakesh also added 10 bps holdings in Tata Motors and Indian Hotels to take his stake in these two companies to 1.2% and 2.2% respectively.

In a large number of stocks, his holdings were flat over the previous quarter. However, we would not know the rise or fall in holdings in stocks where the stake was below 1% as such holdings don’t get reported on a quarterly basis.

What stocks did Rakesh Jhunjhunwala downsize in his portfolio?

In the Dec-21 quarter, Rakesh Jhunjhunwala did make a number of reductions in his holdings. Here is a quick look at the stocks where he downsized holdings.

1) Rakesh Jhunjhunwala has cut his stake in Aptech Ltd from 23.7% at the end of the Sep-21 quarter to 23.4% at the end of the Dec-21 quarter; a fall of 30 bps QOQ.

2) Rakesh Jhunjhunwala has cut his stake in TV18 Ltd from 2.1% at the end of the Sep-21 quarter to 1.5% at the end of the Dec-21 quarter; a fall of 60 bps QOQ.

3) He has also cut his stake in SAIL Ltd from 1.8% at the end of the Sep-21 quarter to 1.1% at the end of the Dec-21 quarter; a fall of 70 bps QOQ.

4) He also downsized his stake in Nazara Technologies Ltd from 10.8% at the end of the Sep-21 quarter to 10.1% at the end of the Dec-21 quarter; a fall of 70 bps QOQ.

5) Rakesh cut his stake in Jubilant Ingrevia from 5.5% at the end of the Sep-21 quarter to 4.7% at the end of the Dec-21 quarter; a fall of 80 bps QOQ.

Check - Rakesh Jhunjhunwala Portfolio - September 2021

6) Rakesh Jhunjhunwala also cut his stake in Prakash Industries from 1.4% at the end of the Sep-21 quarter to below 1% at the end of the Dec-21 quarter. The extent of fall is not known as holdings below 1% are not statutorily required to be reported.

7) He has cut his stake in Mandhana Retail from 7.4% at the end of the Sep-21 quarter to below 1% at the end of the Dec-21 quarter. The extent of fall is not known as holdings below 1% are not statutorily required to be reported.

8) Rakesh also has cut his stake in Prakash Pipes from 1.3% at the end of the Sep-21 quarter to below 1% at the end of the Dec-21 quarter. The extent of fall is not known as holdings below 1% are not statutorily required to be reported.

9) Jhunjhunwala cut his stake in TARC Ltd from 1.6% at the end of the Sep-21 quarter to below 1% at the end of the Dec-21 quarter. The extent of fall is not known as holdings below 1% are not statutorily required to be reported.

All the above reductions in stake happened during the Dec-21 quarter.

Rakesh Jhunjhunwala Portfolio Performance in retrospect.

How did the portfolio perform as of the end of December 2021 quarter compared to different time frames in the past. Interestingly, the portfolio of Rakesh Jhunjhunwala virtually did not make any returns between September 2015 and March 2020, when the markets bottomed out after the pandemic. The real story started after that.

Between Mar-20 and Sep-21, the portfolio value went up from Rs.8,356 crore to Rs.24,235 crore. That is a 2.9 fold appreciation. In fact, if you consider the last 1 year between Sep-20 and Sep-21, the portfolio was up by a whopping 87%.

What about the movement between Sep-21 and Dec-21? The value of the portfolio has moved up from Rs.24,235 crore to Rs.34,337 crore. However, this value accretion largely happened due to the listing of Star Health & Allied Insurance and Metro Brands in the quarter. Hence numbers are not comparable on the returns barometer.

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