Mohnish Pabrai Portfolio: All Stocks & Buys/Sells
Every US stock position Dalal Street reported in its most recent mandatory SEC filing — weightings, plus the buys and sells against the prior quarter.
As of Q1 2026 · reported on SEC Form 13F
Portfolio at a glance
What these numbers show — and what they don't
The source is SEC Form 13F, the disclosure institutional investment managers must file with the U.S. Securities and Exchange Commission (SEC). It covers long positions in US-listed securities — stocks, plus exchange-traded options and convertible notes, an option being carried at the value of the underlying shares. Cash, short positions, ordinary bonds and holdings outside the US never appear. Filings are quarterly and land up to 45 days after the reporting date, so these figures are an official but delayed and partial view — not a live portfolio.
Buys and sells this quarter
Comparing the Q1 2026 filing against Q4 2025.
New positions
Nothing in this group.
Added to
- HCC 1,799,831 → 1,810,831
- AMR 543,000 → 579,738
Trimmed
- RIG 27,040,133 → 20,392,672
Sold out
- VAL-WT was 459,098
Every position in the portfolio
Scrolls sideways. Linked tickers lead to our own stock page for that company.
About Mohnish Pabrai
Mohnish Pabrai runs Pabrai Investment Funds and ranks among the most closely watched disciples of Warren Buffett and Charlie Munger. Born in India and trained as an engineer before turning to money management, he set up his fund in 1999, modeled loosely on Buffett's original 1950s partnerships. He reached a wider audience with his book "The Dhandho Investor," which distills his approach into a phrase borrowed from Gujarati business tradition: bet where you risk little and stand to gain a lot. In 2007 he made headlines again, teaming up with investor Guy Spier to win a charity auction for lunch with Buffett.
What sets Pabrai apart is how few bets he actually makes. Rather than spreading capital thin, he concentrates it in a handful of high-conviction positions held for years, and he is unusually candid about "cloning" — borrowing proven ideas from other successful investors instead of insisting on originality. Outside the fund, he channels much of his own wealth into the Dakshana Foundation, which funds exam prep for talented students from low-income families in India.
This page tracks Pabrai Investment Funds' US stock holdings as reported in SEC Form 13F, the quarterly disclosure institutional investors must file with US regulators, showing every reported position, its weighting, and quarter-over-quarter buys and sells. 13F filings only cover long US-listed positions, can lag by up to 45 days, and never include returns or non-US holdings — so what you see here is always a delayed snapshot, not the full picture.
Frequently Asked Questions
Pabrai runs a tightly concentrated book of US stocks, often overlooked or out-of-favor businesses in cyclical industries or financials. The table on this page shows Pabrai Investment Funds' most recently reported holdings from SEC Form 13F, including each position's weighting and how it has changed quarter to quarter.
Recent buys and sells show up directly in the quarter-over-quarter position changes at the top of this page. Because Pabrai trades so infrequently, a brand-new position or a stake he has exited entirely tends to carry real weight as a signal of conviction.
Pabrai calls his approach "Dhandho," a Gujarati word roughly meaning low-risk, high-reward enterprise. He looks for situations where the downside is capped and the upside is large, concentrates capital in a handful of positions instead of dozens, and openly borrows ideas from other successful investors — a habit he calls "cloning."
SEC Form 13F is a quarterly disclosure that institutional investment managers overseeing more than $100 million must file with the US Securities and Exchange Commission (SEC). It lists all US stock long positions as of quarter-end but is published with up to a 45-day delay and excludes short positions, non-US holdings, and performance figures.
Pabrai argues that diversifying beyond a certain point dilutes returns more than it reduces risk. Rather than spreading money across many modest positions, he puts meaningful capital behind a small number of ideas he has high conviction in — a stance that also means single positions can swing the portfolio noticeably.
Source
SEC Form 13F — the mandatory quarterly disclosure institutional investment managers file with the U.S. Securities and Exchange Commission (SEC). One filing per quarter, submitted up to 45 days after the reporting date; values are market values on that date, in US dollars.
These pages show reported holdings. They are not investment advice and not a recommendation to buy.