Mohnish Pabrai - Pabrai Funds
Mohnish Pabrai is a value investor deeply influenced by Buffett and Munger, known for a concentrated "heads I win, tails I don't lose much" approach and his book "The Dhandho Investor."
Mohnish Pabrai - Pabrai Funds manages a $422M U.S. equity portfolio of 3 positions, based on the latest SEC Form 13F-HR filing (Q1 2026). Below you'll find every holding, the biggest quarter-over-quarter buys and sells, position weights, and an estimated average buy price.
Portfolio Value
$422M
Positions
3
Top 10 Weight
100.00%
Largest Position
39.89%
As of
Q1 2026
Filed
May 14, 2026
Portfolio Composition
Strategy Snapshot
- › Portfolio value rose 5.2% quarter-over-quarter to $422M.
- › Highly concentrated portfolio — the top 10 holdings make up 100.0% of assets.
- › This quarter: 0 new buys, 2 adds, 1 trims, 1 full exits — net buyer
- › Biggest exit: VALARIS LTD (VAL) ($23M position closed)
Changes since Q4 2025
New Buys
None
Added To / Trimmed
Exited
Current Holdings
| # | Security | Value | % of Portfolio | Avg Buy Price | Price | Gain | vs 52W High | This Qtr | Last Activity | First Buy |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | WARRIOR MET COAL INC HCC | $168M | 39.89% | ~$57.57 | $95.07 | +65.2% | −13.9% | +0.6% | Bought Q1 2026 | Q2 2024 |
| 2 | TRANSOCEAN LTD RIG | $135M | 31.97% | ~$3.22 | $5.58 | +73.5% | −27.2% | −24.6% | Sold Q1 2026 | Q3 2025 |
| 3 | ALPHA METALLURGICAL RESOUR I AMR | $119M | 28.14% | ~$243.69 | $193.37 | −20.6% | −23.8% | +6.8% | Bought Q1 2026 | Q2 2024 |
Filing History
| Period | Portfolio Value | QoQ Change | Positions | Filed |
|---|---|---|---|---|
| Q1 2026 | $422M | +5.2% | 3 | May 14, 2026 |
| Q4 2025 | $402M | +19.4% | 4 | Feb 13, 2026 |
| Q3 2025 | $336M | +24.0% | 5 | Nov 13, 2025 |
| Q2 2025 | $271M | +15.7% | 5 | Aug 13, 2025 |
| Q1 2025 | $234M | −7.3% | 4 | May 14, 2025 |
| Q4 2024 | $253M | +2.7% | 3 | Feb 13, 2025 |
| Q3 2024 | $246M | +6.0% | 5 | Nov 13, 2024 |
| Q2 2024 | $232M | — | 4 | Aug 13, 2024 |
Frequently Asked Questions
What stocks does Mohnish Pabrai - Pabrai Funds own?
As of Q1 2026, Mohnish Pabrai - Pabrai Funds held 3 U.S.-listed positions worth $422M. The largest is WARRIOR MET COAL INC (HCC) (39.89% of the portfolio). The full holdings list is in the table above.
What is Mohnish Pabrai - Pabrai Funds's largest holding?
WARRIOR MET COAL INC (HCC) — about 39.89% of the equity portfolio as of Q1 2026.
Do these holdings reflect Mohnish Pabrai - Pabrai Funds's current portfolio?
They reflect the latest 13F filing (Q1 2026), which can lag actual trades by up to 45 days and excludes short positions, cash, and non-U.S. holdings.