Rakesh Jhunjhunwala Portfolio: Latest Holdings
Since Rakesh Jhunjhunwala's death in August 2022, his portfolio has been held by his wife, Rekha Jhunjhunwala, their firm Rare Enterprises and family trusts. As per filings for the quarter ended 30 September 2026, they publicly hold 27 stocks worth about ₹60,962 Cr. There were no new buys this quarter, and 5 small trims.
- Holdings: Sep 2026 quarter filings
- Prices as of 22 Oct 2026
- Includes Rekha Jhunjhunwala, Rare Enterprises and family trusts
- Disclosed holdings value
- ₹60,962Cr
- Stocks held (1%+)
- 27
- New this quarter
- 0
- Stake raised / cut
- 0 / 5
- Titan + Inventurus
- 56.5%of the value
What changed in the Sep 2026 quarter
New buys (0)
No new 1%+ holdings this quarter, and no stake was raised. The portfolio is being held, not built.
Small trims (5)
- Baazar Style Retail▼ −0.05 pts
- Canara Bank▼ −0.04 pts
- VA Tech Wabag▼ −0.02 pts
- Federal Bank▼ −0.01 pts
- Tata Motors PV▼ −0.01 pts
Earlier in 2026
The big move came a quarter earlier: the stake in Star Health fell from 17.1% (Mar 2026) to 3.0% (Jun 2026). Raghav Productivity Enhancers (4.4% in Mar 2026) no longer appears in filings.
Below 1% a stake drops out of filings, so a sale and a full exit can look the same.
All 27 holdings
| Stock | Stake (Sep 26) | Change vs Jun 26 | Shares held | Value (₹ Cr) | % of portfolio | Try in Kalpi |
|---|---|---|---|---|---|---|
| Titan Company | 5.3% | No change | 4,71,84,470 | 20,458.2 | 33.6% | Backtest Titan Company |
| Inventurus Knowledge Solutions | 49.3% | No change | 8,46,68,326 | 14,014.3 | 23.0% | Backtest Inventurus Knowledge Solutions |
| Metro Brands | 14.4% | No change | 3,91,53,600 | 3,347.6 | 5.5% | Backtest Metro Brands |
| Concord Biotech | 24.1% | No change | 2,51,99,240 | 3,221.5 | 5.3% | Backtest Concord Biotech |
| Fortis Healthcare | 4.0% | No change | 3,03,50,152 | 2,185.2 | 3.6% | Backtest Fortis Healthcare |
| Federal Bank | 2.4% | ▼ −0.01 pts | 5,90,30,060 | 2,045.4 | 3.4% | Backtest Federal Bank |
| Tata Motors CV | 1.3% | No change | 4,87,48,260 | 1,994.5 | 3.3% | Backtest Tata Motors CV |
| Crisil | 5.2% | No change | 37,99,000 | 1,767.5 | 2.9% | Backtest Crisil |
| Canara Bank | 1.4% | ▼ −0.04 pts | 12,54,18,000 | 1,497.1 | 2.5% | Backtest Canara Bank |
| Karur Vysya Bank | 4.2% | No change | 4,01,85,019 | 1,418.1 | 2.3% | Backtest Karur Vysya Bank |
| Tata Motors PV | 1.3% | ▼ −0.01 pts | 4,87,98,260 | 1,314.4 | 2.2% | Backtest Tata Motors PV |
| Indian Hotels Company | 1.0% | No change | 1,42,87,765 | 1,111.7 | 1.8% | Backtest Indian Hotels Company |
| Star Health | 3.0% | No change | 1,78,70,977 | 959.7 | 1.6% | Backtest Star Health |
| Jubilant Pharmova | 6.4% | No change | 1,02,44,000 | 953.4 | 1.6% | Backtest Jubilant Pharmova |
| NCC | 12.5% | No change | 7,83,33,266 | 939.5 | 1.5% | Backtest NCC |
| VA Tech Wabag | 8.0% | ▼ −0.02 pts | 50,00,000 | 891.5 | 1.5% | Backtest VA Tech Wabag |
| Tata Communications | 1.6% | No change | 45,00,687 | 754.9 | 1.2% | Backtest Tata Communications |
| Wockhardt | 1.8% | No change | 28,37,005 | 530.4 | 0.9% | Backtest Wockhardt |
| Escorts Kubota | 1.5% | No change | 17,08,388 | 452.3 | 0.7% | Backtest Escorts Kubota |
| Jubilant Ingrevia | 3.0% | No change | 47,35,500 | 283.4 | 0.5% | Backtest Jubilant Ingrevia |
| Valor Estate | 4.6% | No change | 2,50,00,000 | 201.4 | 0.3% | Backtest Valor Estate |
| Aptech | 41.4% | No change | 2,40,19,236 | 195.1 | 0.3% | Backtest Aptech |
| Geojit Financial Services | 7.2% | No change | 2,00,99,400 | 143.8 | 0.2% | Backtest Geojit Financial Services |
| Sundrop Brands | 4.9% | No change | 18,61,759 | 118.3 | 0.2% | Backtest Sundrop Brands |
| Baazar Style Retail | 3.3% | ▼ −0.05 pts | 25,32,500 | 94.2 | 0.2% | Backtest Baazar Style Retail |
| Singer India | 6.8% | No change | 42,50,000 | 39.0 | 0.1% | Backtest Singer India |
| Advent Hotels International | 4.6% | No change | 25,00,000 | 30.0 | 0.0% | Backtest Advent Hotels International |
Showing 27 of 27. Value = shares held × price on 22 Oct 2026. Stakes combine Rekha Jhunjhunwala, Rare Enterprises and the family trusts; open a stock to see each holder.
Where the money sits: top 10 holdings
Titan alone is a third of the portfolio, and Titan plus Inventurus Knowledge Solutions are 56.5%. The top 10 make up 85.2%.
The Big Bull held for decades. Test what holding does.
Most of this portfolio's value comes from a few stocks held for many years. Backtest a buy-and-hold basket of quality companies against the Nifty, and see the drawdowns you would have had to sit through.
Backtest results are hypothetical and do not predict future returns.
Who was Rakesh Jhunjhunwala?
Rakesh Jhunjhunwala (1960–2022) was an Indian investor, trader and chartered accountant, often called the "Big Bull" of Indian markets. He began investing in 1985 with ₹5,000, ran his money through his firm Rare Enterprises, and co-founded Akasa Air. He died on 14 August 2022 and was awarded the Padma Shri after his death, in 2023.
His wife, Rekha Jhunjhunwala, now holds the portfolio. Forbes ranked her 28th on its October 2024 list of India's richest, with a net worth of $9.3 billion.
Sources: Wikipedia; Forbes India Rich List 2024.
How to read this data
- Companies disclose shareholders who own 1% or more, once a quarter. Smaller stakes stay hidden.
- Filings come out up to three weeks after the quarter ends, so trades can be months old.
- Holdings of Rekha Jhunjhunwala, Rare Enterprises and the family trusts are added together per stock.
- This page reports public filings. It is not a recommendation to buy or sell.
Frequently Asked Questions
Which stocks does Rekha Jhunjhunwala own?
As per filings for the quarter ended 30 September 2026, Rekha Jhunjhunwala, Rare Enterprises and the family trusts publicly hold 27 stocks worth about ₹60,962 Cr. The largest are Titan Company, Inventurus Knowledge Solutions, Metro Brands, Concord Biotech and Fortis Healthcare.
In which shares did Rakesh Jhunjhunwala invest?
The portfolio he built is still largely in place: the 27 stocks in the table above, led by Titan Company. Many of these, such as Titan, Crisil, Escorts, Aptech and Federal Bank, were his long-standing holdings.
What is Rakesh Jhunjhunwala’s biggest investment?
Titan Company. The family holds 4.72 crore Titan shares, 5.3% of the company, worth about ₹20,458 Cr at current prices: a third of the disclosed portfolio.
Which stock made Rakesh Jhunjhunwala rich?
Titan Company is the stock most linked to his wealth. He held it for about two decades, and it remains the largest holding by far.
Who handles Rakesh Jhunjhunwala’s portfolio?
His wife, Rekha Jhunjhunwala, owns it, directly and through Rare Enterprises, the firm he set up. Rare Enterprises’ investment team manages the money.
What is Rekha Jhunjhunwala’s net worth?
Forbes put her net worth at $9.3 billion in October 2024, ranking her 28th among India’s richest. The listed stakes disclosed in filings are worth about ₹60,962 Cr at current prices; that excludes stakes under 1% and private holdings.
How rich was Rakesh Jhunjhunwala?
At the time of his death in August 2022, his net worth was estimated at about $5.8 billion.
How did Rakesh Jhunjhunwala make his money?
He started investing in 1985 with ₹5,000, made money first as a trader and then by holding a few companies, such as Titan, for many years. He ran his investments through Rare Enterprises.
Who earned ₹900 crore in one hour?
Headlines like this usually refer to the Jhunjhunwala family’s Titan stake. They hold about 4.72 crore Titan shares, so every ₹190 rise in Titan’s price adds roughly ₹900 Cr to the value of the holding, on paper.
Who is the owner of Rare Enterprises?
Rare Enterprises is the investment firm Rakesh Jhunjhunwala set up; the name comes from the first letters of Rakesh and Rekha. Filings now show Rekha Jhunjhunwala as its partner.
Was Rakesh Jhunjhunwala a CA?
Yes. He was a qualified chartered accountant before he became a full-time investor.
Should I buy the stocks in the Jhunjhunwala portfolio?
This page reports public filings and is not a recommendation. Filings arrive weeks after the trades and do not show buying prices or reasons. A safer approach is to test a written set of rules on past data before investing, and to speak to a SEBI-registered adviser if you need advice.
Other superstar investors
Data compiled from shareholding patterns filed by listed companies with NSE and BSE for the quarter ended 30 September 2026. Prices as of 22 October 2026. Kalpi is not a SEBI-registered investment adviser; nothing on this page is investment advice or a recommendation. Investments in securities are subject to market risks.