In This Article:
Analyzing the Fourth Quarter 2024 13F Filing
Mohnish Pabrai (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2024, providing insights into his investment moves during this period. Mohnish Pabrai (Trades, Portfolio) is the Managing Partner of Pabrai Investment Funds, a group of focused value funds. Known for his value investing philosophy, Pabrai has shifted a significant portion of his investments to emerging markets like India, Turkey, and South Korea, seeking better opportunities. His U.S.-based portfolio represents a smaller fraction of his total assets under management. Pabrai primarily targets smaller, undervalued companies with market caps around half a billion dollars, maintaining a concentrated portfolio.
Key Position Increases
Mohnish Pabrai (Trades, Portfolio) also increased stakes in a total of 2 stocks, among them:
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The most notable increase was in Warrior Met Coal Inc (NYSE:HCC), with an additional 1,006,263 shares, bringing the total to 1,704,670 shares. This adjustment represents a significant 144.08% increase in share count, a 21.53% impact on the current portfolio, with a total value of $92,461,300.
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The second largest increase was in Alpha Metallurgical Resources Inc (NYSE:AMR), with an additional 7,553 shares, bringing the total to 487,251. This adjustment represents a 1.57% increase in share count, with a total value of $97,508,670.
Summary of Sold Out
Mohnish Pabrai (Trades, Portfolio) completely exited 2 holdings in the fourth quarter of 2024, as detailed below:
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Arch Resources Inc (ARCH): Mohnish Pabrai (Trades, Portfolio) sold all 31,002 shares, resulting in a -1.73% impact on the portfolio.
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Danaos Corp (NYSE:DAC): Mohnish Pabrai (Trades, Portfolio) liquidated all 46,590 shares, causing a -1.64% impact on the portfolio.
Key Position Reduces
Mohnish Pabrai (Trades, Portfolio) also reduced his position in 1 stock. The most significant change includes:
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Reduced Core Natural Resources Inc (NYSE:CNR) by 175,692 shares, resulting in a -22.8% decrease in shares and a -7.45% impact on the portfolio. The stock traded at an average price of $115.32 during the quarter and has returned -33.75% over the past 3 months and -21.42% year-to-date.
Portfolio Overview
At the fourth quarter of 2024, Mohnish Pabrai (Trades, Portfolio)'s portfolio included 3 stocks, with top holdings comprising 38.47% in Alpha Metallurgical Resources Inc (NYSE:AMR), 36.48% in Warrior Met Coal Inc (NYSE:HCC), and 25.04% in Core Natural Resources Inc (NYSE:CNR).