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Mohnish Pabrai

Mohnish Pabrai’s Top 5 Positions Represent 100% Of The Total Portfolio

Sunday, August 31, 2025 · Johnny Hopkins

Mohnish Pabrai’s Dalal Street, LLC runs a $271.6 million U.S. equity portfolio, with just five positions representing 100% of assets. The concentrated nature of the portfolio highlights Pabrai’s high-conviction, value-focused approach, often centered around deep-value cyclicals and special situations.

Here’s Mohnish Pabrai’s top five positions:

Warrior Met Coal Inc (HCC)

  • Value: $82.48 million
  • Shares: 1,799,745
  • Portfolio Weight: 30.37%
  • Change: ▲ 165 shares (+0.01%)
    Why Pabrai may be holding: Warrior Met Coal is a leading U.S. metallurgical coal producer serving the global steel industry. The small increase signals continued confidence in robust cash flows from global steel demand despite commodity volatility.

Valaris Ltd (VAL)

  • Value: $79.33 million
  • Shares: 1,883,777
  • Portfolio Weight: 29.21%
  • Change: ▲ 456,213 shares (+31.96%)
    Why Pabrai may be adding: Valaris, a leading offshore drilling contractor, benefits from rising offshore oil investments. The substantial position increase reflects Pabrai’s bullish stance on energy’s long-term recovery and cash generation potential.

Alpha Metallurgical Resources (AMR)

  • Value: $51.78 million
  • Shares: 460,327
  • Portfolio Weight: 19.06%
  • Change: ▲ 45,711 shares (+11.02%)
    Why Pabrai may be adding: Alpha Metallurgical is a metallurgical coal supplier with strong free cash flow potential. The incremental increase suggests Pabrai sees continued upside in global steel production trends.

Noble Corp Plc (NE)

  • Value: $45.89 million
  • Shares: 1,728,744
  • Portfolio Weight: 16.90%
  • Change: No change
    Why Pabrai may be holding: Noble Corp, another offshore drilling contractor, provides diversified energy exposure. Maintaining the position reflects confidence in long-term energy demand and potential industry tailwinds.

Autonation Inc (AN)

  • Value: $12.12 million
  • Shares: 61,000
  • Portfolio Weight: 4.46%
  • Change: ▲ 61,000 shares (+100%)
    New Holding: Autonation, the largest U.S. automotive retailer, offers exposure to consumer auto demand. The new position indicates Pabrai sees value in auto retail fundamentals despite broader economic uncertainty.

There were no exits for the latest quarter.

Mohnish Pabrai’s Top 5 Positions Represent 100% Of The Total Portfolio · The Acquirer's Multiple®