Mohnish Pabrai

Pabrai Funds (Dalal Street)·value·Concentrated / activist

Accredited only

~low teens since 1999

Portfolio value

$423M

Positions

Top 5 concentration

100%

New buys this quarter

Quarterly activity

What Mohnish Pabrai bought and sold each quarter.

Mar 2026vs Dec 2025

Bought (1)

$AMRAdded+6.8%

Sold (2)

$VALSold out$RIGTrimmed-24.6%

Dec 2025vs Sep 2025

Bought (1)

$RIGAdded+10.6%

Sold (2)

$NESold out$VALTrimmed-56.9%

Sep 2025vs Jun 2025

Bought (2)

$RIGNew buy22.6%$AMRAdded+15.6%

Sold (3)

$ANSold out$NETrimmed-86.2%$VALTrimmed-43.4%

Jun 2025vs Mar 2025

Bought (3)

$ANNew buy4.5%$VALAdded+32%$AMRAdded+11%

Sold (0)

—

Mar 2025vs Dec 2024

Bought (3)

$VALNew buy23.9%$NENew buy17.4%$HCCAdded+5.6%

Sold (2)

$CEIXSold out$AMRTrimmed-14.9%

Dec 2024vs Sep 2024

Bought (1)

$HCCAdded+144.1%

Sold (3)

$ARCHSold out$DACSold out$CEIXTrimmed-22.8%

Sep 2024vs Jun 2024

Bought (4)

$DACNew buy1.6%$AMRAdded+6.8%$CEIXAdded+347.9%$HCCAdded+48.1%

Sold (1)

$ARCHTrimmed-92.1%

Jun 2024vs Mar 2024

Bought (2)

$AMRAdded+11%$ARCHAdded+179.7%

Sold (1)

$CEIXTrimmed-53%

Quarter-over-quarter change in disclosed positions.

Holdings

Stock	Move	% of portfolio	Reported px	Now	Since report
$HCC WARRIOR MET COAL INC	Held	39.9%	$93.15	$79.07	-15.1%
$RIG TRANSOCEAN LTD	Trimmed	32%	$6.63	$5.14	-22.5%
$AMR ALPHA METALLURGICAL RESOUR I	Added	28.1%	$205.27	$149.97	-26.9%

Notable sell-outs this quarter: $VAL

Source: SEC 13F via FMP · Mar 2026 report · 45-day filing delay. Long equity positions only. Not financial advice.