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    Shareholding

    Smart money in Dec 2025

    What changed in the quarter to Dec 2025, from 4,918 companies' shareholding-pattern filings.

    Who was buying, who was selling

    Every named institutional stake above 1%, Sep 2025Dec 2025. Net is the sum of stake-point changes across all their positions.

    Mutual fund

    Net buyers · +496 pp

    2429 moves · 679 raised · 563 trimmed · 669 new positions · 518 off the list

    Most accumulated

    Most cut

    FPI fund

    Net buyers · +98 pp

    637 moves · 123 raised · 280 trimmed · 128 new positions · 106 off the list

    Most accumulated

    Most cut

    Insurer

    Net buyers · +68 pp

    434 moves · 137 raised · 150 trimmed · 95 new positions · 52 off the list

    Most accumulated

    Most cut

    Global fund house

    Net buyers · +2 pp

    261 moves · 79 raised · 102 trimmed · 49 new positions · 31 off the list

    Most accumulated

    Most cut

    Sovereign

    Net sellers · −8 pp

    185 moves · 58 raised · 88 trimmed · 15 new positions · 24 off the list

    Most accumulated

    Most cut

    AIF

    Net buyers · +54 pp

    177 moves · 53 raised · 47 trimmed · 51 new positions · 26 off the list

    Most accumulated

    Most cut

    Pension / PF

    Net buyers · +25 pp

    76 moves · 39 raised · 6 trimmed · 20 new positions · 11 off the list

    Most accumulated

    Most cut

    VC / PE

    Net sellers · −22 pp

    71 moves · 14 raised · 39 trimmed · 8 new positions · 10 off the list

    Most accumulated

    Most cut

    New positions

    Stocks where mutual funds newly crossed the 1% disclosure line — a fresh position, or an existing one crossing back above 1%.

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    From company shareholding-pattern filings. Named holders appear only above SEBI's 1% threshold, so "off the list" may mean a full exit or a trim to just under 1%; a stock that hasn't filed the newer quarter yet is left out of every comparison rather than read as a sale. Mutual-fund entries are per scheme.