Mohnish Pabrai portfolio: holdings and latest trades
The stocks Pabrai Investment Funds reported in its latest 13F filing, for Q2 2026: 4 positions worth about $300M, what was bought and sold in the quarter, and who Pabrai is.
Data updated August 13, 2026 (13F for Q2 2026)
- 13F portfolio value
- $300M
- Positions
- 4
- Top 10 holdings
- 100%
- Change in value vs previous quarter
- −25.0%
Mohnish Pabrai top holdings (Q2 2026)
| # | Stock | % of portfolio | Value | Last quarter |
|---|---|---|---|---|
| 1 | HCC Warrior Met Coal Inc | 43.3% | $142M | Trimmed 4% |
| 2 | RIG Transocean Ltd | 30.5% | $100M | Unchanged |
| 3 | AMR Alpha Metallurgical Resource | 26.1% | $85M | Trimmed 11% |
| 4 | KSPI Jsc Kaspi.Kz ADR | 0.0% | $0M | New |
What Pabrai bought and sold in Q2 2026
Bought or added
- KSPI Jsc Kaspi.Kz ADRNew
Sold or reduced
- AMR Alpha Metallurgical ResourceTrimmed 11%
- HCC Warrior Met Coal IncTrimmed 4%
Changes in number of shares against the 13F for the previous quarter (Q1 2026), largest first.
Who is Mohnish Pabrai
- Role
- Founder of Pabrai Investment Funds
- Fund
- Pabrai Investment Funds, founded 1999
- Investment style
- Concentrated value investing, “heads I win, tails I don’t lose much”.
- Known for
- The Dhandho Investor (2007)
Mohnish Pabrai, an Indian-American entrepreneur, founded Pabrai Investment Funds in 1999 on the model of Buffett’s early partnerships. His book The Dhandho Investor (2007) describes a low-risk, high-uncertainty approach to value investing.
In 2008 he and Guy Spier paid $650,100 at a charity auction for a lunch with Warren Buffett. His US 13F, filed through Dalal Street LLC, shows only a few positions; much of his capital is invested outside the US.
- •The Dhandho Investor (2007)
- •The 2008 charity lunch with Warren Buffett
- •Very concentrated portfolios
How to read 13F data
A 13F filing lists the US-listed stocks, ETFs and some options a manager held at the end of a quarter. It is filed up to 45 days after the quarter ends, so positions may have changed since. It does not show short positions, bonds, cash, foreign-listed shares or private investments, so for many funds it is only part of the picture.
Questions
What stocks does Mohnish Pabrai own?
According to the 13F filing of Pabrai Investment Funds for Q2 2026 (period ending June 30, 2026), the largest holdings were Warrior Met Coal Inc (HCC) 43.3%, Transocean Ltd (RIG) 30.5%, Alpha Metallurgical Resource (AMR) 26.1%, Jsc Kaspi.Kz ADR (KSPI) 0.0%, out of 4 positions worth about $300M.
What did Pabrai buy and sell last quarter?
New or larger positions in Q2 2026: KSPI. Sold or reduced: AMR, HCC. Changes are measured in shares against the previous quarter’s filing.
How up to date is Pabrai Investment Funds’s portfolio?
13F filings are due within 45 days after each quarter ends. This page shows the filing made on August 13, 2026 for the quarter ended June 30, 2026; the fund may have traded since.
What does a 13F filing leave out?
A 13F filing lists the US-listed stocks, ETFs and some options a manager held at the end of a quarter. It is filed up to 45 days after the quarter ends, so positions may have changed since. It does not show short positions, bonds, cash, foreign-listed shares or private investments, so for many funds it is only part of the picture.
Other famous investors
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Source: SEC Form 13F-HR filings via EDGAR. Holdings are as reported by the manager for the quarter shown and may have changed since. Educational content, not investment advice: MEDGE Capital does not recommend buying or selling any security. Risk disclaimer.