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.

Warning! GuruFocus has detected 2 Warning Sign with MSFT.

Key Position Increases

Mohnish Pabrai (Trades, Portfolio) also increased stakes in a total of 2 stocks, among them:

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. 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:

Arch Resources Inc (ARCH): Mohnish Pabrai (Trades, Portfolio) sold all 31,002 shares, resulting in a -1.73% impact on the portfolio. 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:

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).

Story Continues

The holdings are mainly concentrated in 2 of the 11 industries: Basic Materials and Energy.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.

View Comments