Rakesh Jhunjhunwala's latest Portfolio
COMPANY	NO. OF SHARES		PRICE AS ON 14-Mar-2007	CURRENT VALUE  (Rs crore)	PORTFOLIO WEIGHTS (%)
	30th Sept 2006	31st Dec 2006
PRAJ INDUSTRIES	9000312	8700312	380	330.61	19.49
TITAN INDUSTRIES	2178562	2961062	828	245.18	14.45
NAGARJUNA CONSTRUCTION	13750000	13750000	161	221.38	13.05
CRISIL	550000	550000	2400	132.00	7.78
LUPIN	3286936	2887000	585	168.89	9.96
PANTALOON RETAIL	2280895	2330895	421	98.13	5.79
BILCARE	1650000	1650000	575	94.88	5.59
PUNJ LOYD	1008000	1008000	798	80.44	4.74
GEOJIT FINANCE	20000000	20000000	38	76.00	4.48
BEML	538767	538767	1038	55.92	3.30
KARUR VYSYA BANK	1754002	1716502	241	41.37	2.44
VICEROY HOTELS	3250000	3250000	78	25.35	1.49
HINDUSTAN OIL EXPLORATION	1493976	3056605	72	22.01	1.30
PROVOGUE*	480000	480000	445	21.36	1.26
GEOMETRIC SOFTWARE	2488983	1780000	105	18.69	1.10
TV TODAY*	1288512	1288512	122	15.72	0.93
INFOMEDIA INDIA	1256062	1056062	146	15.42	0.91
ZENOTECH LABS	756614	900000	114	10.26	0.60
MID-DAY MULTIMEDIA	2250000	2250000	40	9.00	0.53
AGROTECH FOODS	1051200	1051200	79	8.30	0.49
RAMCO SYSTEMS	154755	154755	133	2.06	0.13
ALPHAGEO	77000	77000	195	1.50	0.10
VADILAL INDUSTRIES	205578	205578	36	0.74	0.04
Panama Petrochem Ltd	73008	50000	144	0.72	0.04
MATRIX LABS	1580750	0	160	0.00	0.00
JB CHEMICALS AND PHARMA	1155150	0	80	0.00	0.00
TOTAL VALUE OF PORTFOLIO				1750.92	100.00

 

 

Source: BSE India.com

* Holding for December 2006 not yet released.

 

           

Colors in bluerepresent stockswhere holdings have gone up and in red represent stockswhere holdings have gone down.

 PiquantObservations:

• One of the smartest investors inIndiabelieves in the benefits of portfolio concentration. His top 5 holdings account for 65.85% of his portfolio and his top 10 holdings account for almost 89.01% of his portfolio.
• It is very hard to find a cyclical or commodity stock in his portfolio.
• Unlike the general investor none of these stocks are large caps in the true sense of the definition. Of Course he could be holding future positions in large caps but the point that I am trying to make is money is made in small and mid caps only. The notional losses that an investor can suffer are also the highest in these stocks. It is very important for an investor not to convert these notional losses in actual losses by selling the shares in despair.
• Most of these stocks are being held for over 3 years. Companies like Titan, Pantaloon Retail fall in that category. Others like Crisil are being held for more then 5 years and some for even as long as 10 years. – Clearly Time and not timing is the key to these markets.
• Almost all these companies are looking at a huge external scale of opportunity whether it is a Titan or a Pantaloon a Nagarjuna Construction or Lupin the sheer size of the addressable market is humongous. – Morale of the story “See the Bigger Picture”.
• We do cover companies with huge scale of opportunity in The Equity Desk - Report Card section.
• Rakesh has a special corner for companies that are engaged in consumer, infrastructure and pharmaceutical space. Otherwise he is betting on rising crude prices by buying stocks likeHindustanoil exploration and PrajIndustries. He has reduced Praj in recent times maybe because the company has reached almost 20% of his di\sclosed portfolio. The overall portfolio is well diversified except that he is not holding any metal or cyclical stocks.
• These shares are held by Rakesh and his wife Rekha Jhunjhunwala and form a part of his disclosed portfolio. He could be holding more shares through companies, trusts, proprietary accounts which are not in the public domain.
• To know more about investing legends see the section World'sgreatest Investors

 

 

Edited by basant - 05/Jun/2007 at 4:47pm

Vipulji you are correct but we need to see the kind of funds he is managing. For example in our The Equity Desk - INDEX we can get in and get out of a stock like a gush of wind. But can RJ exit Pantaloon? I think not I hope not

But we do not have data for that. The earliest we can start is from June 2006 I guess.But surely those periods of big multibaggers seems to be slowing down.Maybe the markets have been discovered but even otherwise he seems to be performing in line with the MF's the top 5 stocks except Praj have broadly gone nowhere over the past one year.

appears he has increasd his weightage in TITAN IND and PANTALOON RETAIL,which means he is bullish on RETAIL,basant could yu comment especially on TITAN does the mkt cap make sense at the current levels and if consumers have less money in their pockets then will not affect the retail sector first?as per the bs art posted by the postman