India’s largest domestic institutional investor, Life Insurance Corporation of India (LIC), has completed a significant portfolio rejig in the quarter ended December 2025. The insurer actively adjusted its holdings, trimming stakes in some companies while increasing exposure in others. These moves reflect LIC’s ongoing strategy to manage its investments across sectors efficiently.
As per data from primeinfobase.com, LIC’s overall holding rose to ₹17.50 lakh crore on December 31, 2025, marking an 8.56% increase compared to the previous quarter.
Market Performance Overview
During Q3FY26, LIC focused on reallocating capital across various sectors. While some stocks saw substantial reductions in LIC’s stake, others benefited from an increased shareholding.
Key highlights of LIC’s Q3 portfolio changes:
- Increased stakes in 73 companies
- Reduced stakes in 90 companies
- Net portfolio value at ₹17.50 lakh crore
The shift demonstrates LIC’s active role as a domestic institutional investor, influencing market trends across multiple sectors.
Top Stocks LIC Sold in Q3
LIC trimmed holdings in several companies during Q3, particularly in the metals, mining, and PSU sectors. Some notable reductions include:
- Firstsource Solutions – stake dropped from 3.81% to below 1%
- UPL Limited – reduced to 5.31% from 6.66% amid a 21% gain in Q3FY26
- Navin Fluorine – holding fell to 6.43% from 7.35%
- Hindalco Industries, National Aluminium Company (NALCO), SAIL, Vedanta – stake cuts ranged 73–126 bps
- Adani Ports – shareholding reduced from 7.73% to 6.79%
- BPCL, Bank of Baroda – stake lowered by 80 bps each
These adjustments highlight LIC’s strategy of balancing sector exposure while booking profits from select stocks.
Top Stocks LIC Bought in Q3
While trimming certain positions, LIC also increased stakes in companies with strong fundamentals. Key additions in Q3FY26 include:
- NMDC – holding rose to 4.98% from less than 1%
- Coforge – stake increased to 4.66% from less than 1%
- Dr Reddy's Laboratories – stake surged by 210 bps to 1.79%
- Other notable companies: Dabur, Indian Overseas Bank, Cipla, JSW Energy
These purchases indicate LIC’s focus on growth-oriented companies across diverse sectors, including pharmaceuticals, IT, banking, and industrials.
Summary of LIC Portfolio Rejig Q3FY26
LIC’s portfolio adjustments in Q3FY26 paint a clear picture of strategic capital allocation:
- Total holdings increased to ₹17.50 lakh crore (+8.56% QoQ)
- Stakes reduced in 90 companies, primarily in metals, chemicals, and PSUs
- Investments increased in 73 companies, including marquee names in IT, pharma, banking, and industrial sectors
This LIC portfolio rejig demonstrates the insurer’s proactive approach in managing a massive equity portfolio, balancing sectoral exposure while capitalizing on profitable opportunities.
Source: Livemint
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