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MP

Mohnish Pabrai Dalal Street

AUM $327M
1-Year Est. Return 71.47%
 

Mohnish Pabrai is the managing partner of Pabrai Investment Funds (Dalal Street) and a well-known practitioner of concentrated value investing. Heavily influenced by Warren Buffett and Charlie Munger, he favors simple businesses, high conviction, and a checklist-driven decision process. Pabrai is also an author and educator whose talks and books have made his approach popular among individual investors.

This Fund
S&P 500
This Quarter Est. Return
+7.43%
1 Year Est. Return
+71.47%
3 Year Est. Return
+92.7%
5 Year Est. Return
+28.39%
10 Year Est. Return
+378.98%
AUM
$73.4M
AUM Growth
-$47.9M
Cap. Flow
-$53.4M
Cap. Flow %
-72.76%
Top 10 Hldgs %
100%
Holding
5
New
2
Increased
–
Reduced
–
Closed
3

Top Buys

Rank Stock Value
1
AMR icon
Alpha Metallurgical Resources
AMR
+$55.4M
2
CNR
Core Natural Resources Inc
CNR
+$12.4M

Top Sells

Rank Stock Value
1
MU icon
Micron Technology
MU
+$96.1M
2
BN icon
Brookfield
BN
+$25.2M
3
SRG
Seritage Growth Properties
SRG
+$26.6K

Sector Composition

Rank Sector Weight
1 Materials 81.2%
2 Energy 18.8%
3 Financials 0%
4 Real Estate 0%
5 Technology 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMR icon
1
Alpha Metallurgical Resources
AMR
$2.66B
$59.6M 81.2%
+362,649
New +$55.4M
CNR
2
Core Natural Resources Inc
CNR
$4.72B
$13.8M 18.8%
+203,474
New +$12.4M
BN icon
3
Brookfield
BN
$93.1B
– –
-1,158,869
Closed -$25.2M
MU icon
4
Micron Technology
MU
$1.09T
– –
-1,592,134
Closed -$96.1M
SRG
5
Seritage Growth Properties
SRG
$120M
– –
-3,375
Closed -$26.6K

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Mohnish Pabrai's Q2 2023 Portfolio in Review

As of Q2 2023, Mohnish Pabrai held 5 positions worth $73.4M, down 39% from $121M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Mohnish Pabrai withdrew a net $53.4M in Q2 2023, closing 3 positions. Its most notable exit was Micron Technology, an estimated $96.1M position sold in full.

By sector, the portfolio is most concentrated in Materials at 81% of assets, followed by Energy and Financials.

Against the trend, Mohnish Pabrai opened a new position in Alpha Metallurgical Resources worth $59.6M.

  • Mohnish Pabrai's largest Q2 2023 buy was Alpha Metallurgical Resources: 362,649 shares worth $59.6M.
  • Mohnish Pabrai fully exited Micron Technology in Q2 2023, selling an estimated $96.1M.
  • Mohnish Pabrai's ten largest holdings make up 100% of its $73.4M portfolio in Q2 2023.
  • Mohnish Pabrai opened 2 new positions and closed 3 in Q2 2023.
  • Mohnish Pabrai's portfolio value fell 39% quarter-over-quarter to $73.4M.

Based on Dalal Street's 13F filing for Q2 2023, filed 11 Aug 2023.