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    Shareholding

    Smart money in Sep 2025

    What changed in the quarter to Sep 2025, from 5,550 companies' shareholding-pattern filings.

    Who was buying, who was selling

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

    Mutual fund

    Net buyers · +561 pp

    2244 moves · 625 raised · 527 trimmed · 638 new positions · 454 off the list

    Most accumulated

    Most cut

    FPI fund

    Net sellers · −64 pp

    605 moves · 109 raised · 271 trimmed · 109 new positions · 116 off the list

    Most accumulated

    Most cut

    Insurer

    Net sellers · −4 pp

    437 moves · 126 raised · 144 trimmed · 74 new positions · 93 off the list

    Most accumulated

    Most cut

    Global fund house

    Net buyers · +15 pp

    223 moves · 62 raised · 83 trimmed · 43 new positions · 35 off the list

    Most accumulated

    Most cut

    Sovereign

    Net sellers · −20 pp

    186 moves · 62 raised · 84 trimmed · 16 new positions · 24 off the list

    Most accumulated

    Most cut

    AIF

    Net buyers · +11 pp

    161 moves · 45 raised · 55 trimmed · 29 new positions · 32 off the list

    Most accumulated

    Most cut

    VC / PE

    Net sellers · −45 pp

    63 moves · 13 raised · 32 trimmed · 4 new positions · 14 off the list

    Most accumulated

    Most cut

    Pension / PF

    Net buyers · +29 pp

    61 moves · 31 raised · 5 trimmed · 19 new positions · 6 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.