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Mohnish Pabrai

Dalal Street, LLC

Buffett-style value investor

📍 Irvine, CAEst. 1999💰 ~$500M AUM

$326.7M

Portfolio Value

4

Holdings

Q2 '26

Period

2026-08-13

Filed

About Mohnish Pabrai

Mohnish Pabrai (born 1964) is an Indian-American investor, businessman, and philanthropist. He is the managing partner of Pabrai Investment Funds. A self-described 'shameless cloner' of Warren Buffett's investing style, he is known for his concentrated value investing approach and the Dhandho framework.

Investment Philosophy

Concentrated deep value investing based on the 'Dhandho' framework: heads I win, tails I don't lose much. Looks for situations with minimal downside and significant upside. Takes very few, high-conviction bets. Admittedly clones ideas from other great investors and applies the checklist investing methodology.

Notable Facts

  • •Paid $650,100 at charity auction for lunch with Warren Buffett in 2007
  • •Author of 'The Dhandho Investor' — a guide to low-risk value investing
  • •Founded the Dakshana Foundation to help underprivileged students in India
  • •Self-described 'shameless cloner' of Buffett and Munger's approach
📈

Simulated 13F Return

⚠️ Approximation

Total Return

+58.14%

Q1 '25 → Q4 '25

Annualized

+83.81%/yr

S&P: +26.24%/yr

Alpha (vs S&P)

+38.96%

3 quarters tracked

1-Year Return

—

⚠️ Approximation only. 13F filings are delayed ~45 days. Options, shorts, and intra-quarter trades not captured.

📈 Recent Activity

Changes from previous quarter

HCCREDUCED
43.3% of portfolio
-4% shares+3.4pp
RIGINCREASED
30.5% of portfolio
+0% shares-1.4pp
AMRREDUCED
26.1% of portfolio
-11% shares-2.0pp
KSPINEW
<0.1% of portfolio
New position

📊 Sector Breakdown

Portfolio allocation by sector

Unknown 100.0%

💼 Holdings

🔍

4 of 4 positions · $326.7M

This quarter: 1 new position, increased 1, reduced 2. Balanced activity.

HCCREDUCED
43.3%
43.3% of portfolio (was 39.9%, trimmed)
Filed ~$81
—📄
RIGINCREASED
30.5%
30.5% of portfolio (was 32.0%, added)
Filed ~$5
—📄
AMRREDUCED
26.1%
26.1% of portfolio (was 28.1%, trimmed)
Filed ~$165
—📄
KSPINEW
<0.1%
<0.1% of portfolio (new position)
Filed ~$87
—📄