Rakesh Jhunjhunwala's latest Portfolio
COMPANY			31-Mar-07	30-Jun-07	PRICE	CURRENT	WEIGHTS
			NO. OF SHARES		AS ON	VALUE	(%)
					17-Aug-07	(Rs crore)
TITAN INDUSTRIES			2966062	4092756	1126	460.84	17.16
APTECH			11434178	11434178	305	348.74	12.98
PRAJ INDUSTRIES			18000624	15026624	183	274.99	10.24
NAGARJUNA CONSTRUCTION			13750000	12750000	190	242.25	9.02
CRISIL			550000	550000	3752	206.36	7.68
BILCARE			1650000	1650000	1053	173.75	6.47
LUPIN			2817000	2811800	608	170.96	6.36
PUNJ LOYD			5040000	5040000	259	130.54	4.86
PANTALOON RETAIL			2330895	2330895	487	113.51	4.23
KARUR VYSYA BANK			2606808	2569073	327	84.01	3.13
GEOJIT FINANCE			18000000	18000000	41	73.80	2.75
PRIME FOCUS			882500	882500	810	71.48	2.66
GARWARE WALL ROPES			0	5000000	136	68.00	2.53
BHUSHAN STEEL			1000000	1000000	631	63.10	2.35
VICEROY HOTELS			3250000	3750000	87	32.63	1.21
HINDUSTAN OIL EXPLORATION			3056605	3056605	104	31.79	1.18
PROVOGUE			480000	480000	588	28.22	1.05
INFOMEDIA INDIA			1056062	1056062	249	26.30	0.98
GEOMETRIC SOFTWARE			2175000	2505000	102	25.55	0.95
AGROTECH FOODS			1051200	1525000	162	24.71	0.92
ZENOTECH LABS			1116381	1150000	155	17.83	0.66
MID-DAY MULTIMEDIA			2250000	2250000	41	9.23	0.34
ALPHAGEO			80000	125000	343	4.29	0.16
RAMCO SYSTEMS			154755	154755	152	2.35	0.09
VADILAL INDUSTRIES			205578	205578	47	0.97	0.04
BEML			538767	0		0.00	0.00
TTK Prestige			125000	0		0.00	0.00
TOTAL VALUE OF PORTFOLIO						2686.17	100.01

 

 

Source: BSE India.com

 

           

Colors in blue represent stocks where holdings have gone up and in red represent stocks where holdings have gone down.

 Piquant Observations:

• One of the smartest investors in India believes in the benefits of portfolio concentration. His top 5 holdings account for 57.08% of his portfolio and his top 10 holdings account for almost 82.13% of his portfolio.
• In the last quarter Rakesh really logged onto the domestic consumption story and the emerging class of spenders. Hisb take in Titan now exceeds 10% whereas Tata Sons holds about 21%.
• Other new entrant included Garware Wall Roes while he reduced positions in Nagarjuna Construction and Praj.
• 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 like Hindustan oil exploration and Praj Industries 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's greatest Investors

Edited by basant - 07/Oct/2007 at 10:24am

kindly check the list again - is it the color code that is wrong or has he got out of ttk prestige completely.  Also, Lupin, zenotech and BEML - is he fully out of BEML?

Few days back, i had read one article, in which author had said, that if a person would have followed "Warren Buffet" when his investment became public , even then he would have performed better than average market and many MF.
Can we say something similar about any Indian Investor?

Manoj