Since started his hedge fund 8 years ago, Mohnish Pabrai has achieved more than 28% a year. What did he buy? The company of his idol Warren Buffett, Berkshire Hathaway. These are the details of his trades during the first quarter. Mohnish Pabrai owns 14 stocks with a total value of $399 million.
Mohnish Pabrai buys Berkshire Hathaway Inc. Cl B, Freightcar America Inc., sells Bioscrip Inc., Fidelity National Financial In during the 3-months ended 03/31/2007, according to the most recent filings of his investment company, Pabrai Mohnish. Mohnish Pabrai owns 14 stocks with a total value of $399 million. These are the details of the buys and sells.
New Purchases: BRK-B, RAIL,
Added Positions: BRK-A, CRYP, DFC, HNR, HNR, HNR,
Reduced Positions: LEA, MDC, SGU, USAP,
Sold Out: BIOS, FNF,
Added: Delta Financial Corp. (DFC, Financial)
Mohnish Pabrai added to his holdings in Mortgage Finance company Delta Financial Corp. by 103.15%. His purchase prices were between $8.43 and $10.81, with an estimated average price of $9.9. The impact to his portfolio due to this purchase was 4.9%. His holdings were 4,661,401 shares as of 03/31/2007. Shares of Delta Financial Corp. were traded at around $11.53.
Added: Cryptologic Inc. (CRYP, Financial)
Mohnish Pabrai added to his holdings in Software company Cryptologic Inc. by 71.23%. His purchase prices were between $22.17 and $27.09, with an estimated average price of $24.4. The impact to his portfolio due to this purchase was 4.54%. His holdings were 1,742,609 shares as of 03/31/2007. Shares of Cryptologic Inc. were traded at around $24.29.
Added: Harvest Natural Resources Inc. (HNR, Financial)
Mohnish Pabrai added to his holdings in Exploration & Production company Harvest Natural Resources Inc. by 42.94%. His purchase prices were between $9.26 and $10.2, with an estimated average price of $9.8. The impact to his portfolio due to this purchase was 3.65%. His holdings were 4,973,787 shares as of 03/31/2007. Shares of Harvest Natural Resources Inc. were traded at around $9.53.
Added: Berkshirehathaway Inc. Cl A (BRK-A)
Mohnish Pabrai added to his holdings in Property & Casualty Insurance company Berkshirehathaway Inc. Cl A by 3075%. His purchase prices were between $105310 and $110000, with an estimated average price of $108061. The impact to his portfolio due to this purchase was 3.36%. His holdings were 127 shares as of 03/31/2007. Shares of Berkshirehathaway Inc. Cl A were traded at around $108351.
New Purchase: Berkshirehathaway Inc. Cl B (BRK-B)
Mohnish Pabrai initiated holdings in Property & Casualty Insurance company Berkshirehathaway Inc. Cl B. His purchase prices were between $3532 and $3668, with an estimated average price of $3603.2. The impact to his portfolio due to this purchase was 2.82%. His holdings were 3,096 shares as of 03/31/2007. Shares of Berkshirehathaway Inc. Cl B were traded at around $3604.3.
New Purchase: Freightcar America Inc. (RAIL, Financial)
Mohnish Pabrai initiated holdings in Commercial Vehicles & Trucks company Freightcar America Inc.. His purchase prices were between $48.08 and $58.8, with an estimated average price of $52.3. The impact to his portfolio due to this purchase was 0.42%. His holdings were 35,125 shares as of 03/31/2007. Shares of Freightcar America Inc. were traded at around $46.63.
Reduced: Lear Corp. (LEA, Financial)
Mohnish Pabrai reduced to his holdings in Auto Parts company Lear Corp. by 38.86%. His sale prices were between $28.83 and $39.39, with an estimated average price of $35.7. The impact to his portfolio due to this sale was 3.92%. Mohnish Pabrai still held 595,901 shares as of 03/31/2007. Shares of Lear Corp. were traded at around $36.77.
Reduced: Mdc Holdings Inc. (MDC, Financial)
Mohnish Pabrai reduced to his holdings in Home Construction company Mdc Holdings Inc. by 51.41%. His sale prices were between $48.41 and $59.46, with an estimated average price of $53.3. The impact to his portfolio due to this sale was 2.57%. Mohnish Pabrai still held 323,301 shares as of 03/31/2007. Shares of Mdc Holdings Inc. were traded at around $51.57.
Reduced: Star Gas Partners Lp (SGU, Financial)
Mohnish Pabrai reduced to his holdings in Gas Distribution company Star Gas Partners Lp by 46.78%. His sale prices were between $3.49 and $3.98, with an estimated average price of $3.8. The impact to his portfolio due to this sale was 0.78%. Mohnish Pabrai still held 1,168,668 shares as of 03/31/2007. Shares of Star Gas Partners Lp were traded at around $4.7.
Reduced: Universal Stainless & Alloy Pr (USAP, Financial)
Mohnish Pabrai reduced to his holdings in Steel company Universal Stainless & Alloy Pr by 88.25%. His sale prices were between $32.75 and $51.15, with an estimated average price of $43.8. The impact to his portfolio due to this sale was 0.21%. Mohnish Pabrai still held 33,843 shares as of 03/31/2007. Shares of Universal Stainless & Alloy Pr were traded at around $43.63.
Sold Out: Fidelity National Financial In (FNF, Financial)
Mohnish Pabrai sold out his holdings in Mortgage Finance company Fidelity National Financial In. His sale prices were between $23.19 and $24.15, with an estimated average price of $23.7. The impact to his portfolio due to this sale was less than 0.01%. Shares of Fidelity National Financial In were traded at around $25.5.
Sold Out: Bioscrip Inc. (BIOS)
Mohnish Pabrai sold out his holdings in Health Care Providers company Bioscrip Inc.. His sale prices were between $3.12 and $3.76, with an estimated average price of $3.3. The impact to his portfolio due to this sale was less than 0.01%. Shares of Bioscrip Inc. were traded at around $4.25.
Mohnish Pabrai buys Berkshire Hathaway Inc. Cl B, Freightcar America Inc., sells Bioscrip Inc., Fidelity National Financial In during the 3-months ended 03/31/2007, according to the most recent filings of his investment company, Pabrai Mohnish. Mohnish Pabrai owns 14 stocks with a total value of $399 million. These are the details of the buys and sells.
New Purchases: BRK-B, RAIL,
Added Positions: BRK-A, CRYP, DFC, HNR, HNR, HNR,
Reduced Positions: LEA, MDC, SGU, USAP,
Sold Out: BIOS, FNF,
Added: Delta Financial Corp. (DFC, Financial)
Mohnish Pabrai added to his holdings in Mortgage Finance company Delta Financial Corp. by 103.15%. His purchase prices were between $8.43 and $10.81, with an estimated average price of $9.9. The impact to his portfolio due to this purchase was 4.9%. His holdings were 4,661,401 shares as of 03/31/2007. Shares of Delta Financial Corp. were traded at around $11.53.
Added: Cryptologic Inc. (CRYP, Financial)
Mohnish Pabrai added to his holdings in Software company Cryptologic Inc. by 71.23%. His purchase prices were between $22.17 and $27.09, with an estimated average price of $24.4. The impact to his portfolio due to this purchase was 4.54%. His holdings were 1,742,609 shares as of 03/31/2007. Shares of Cryptologic Inc. were traded at around $24.29.
Added: Harvest Natural Resources Inc. (HNR, Financial)
Mohnish Pabrai added to his holdings in Exploration & Production company Harvest Natural Resources Inc. by 42.94%. His purchase prices were between $9.26 and $10.2, with an estimated average price of $9.8. The impact to his portfolio due to this purchase was 3.65%. His holdings were 4,973,787 shares as of 03/31/2007. Shares of Harvest Natural Resources Inc. were traded at around $9.53.
Added: Berkshirehathaway Inc. Cl A (BRK-A)
Mohnish Pabrai added to his holdings in Property & Casualty Insurance company Berkshirehathaway Inc. Cl A by 3075%. His purchase prices were between $105310 and $110000, with an estimated average price of $108061. The impact to his portfolio due to this purchase was 3.36%. His holdings were 127 shares as of 03/31/2007. Shares of Berkshirehathaway Inc. Cl A were traded at around $108351.
New Purchase: Berkshirehathaway Inc. Cl B (BRK-B)
Mohnish Pabrai initiated holdings in Property & Casualty Insurance company Berkshirehathaway Inc. Cl B. His purchase prices were between $3532 and $3668, with an estimated average price of $3603.2. The impact to his portfolio due to this purchase was 2.82%. His holdings were 3,096 shares as of 03/31/2007. Shares of Berkshirehathaway Inc. Cl B were traded at around $3604.3.
New Purchase: Freightcar America Inc. (RAIL, Financial)
Mohnish Pabrai initiated holdings in Commercial Vehicles & Trucks company Freightcar America Inc.. His purchase prices were between $48.08 and $58.8, with an estimated average price of $52.3. The impact to his portfolio due to this purchase was 0.42%. His holdings were 35,125 shares as of 03/31/2007. Shares of Freightcar America Inc. were traded at around $46.63.
Reduced: Lear Corp. (LEA, Financial)
Mohnish Pabrai reduced to his holdings in Auto Parts company Lear Corp. by 38.86%. His sale prices were between $28.83 and $39.39, with an estimated average price of $35.7. The impact to his portfolio due to this sale was 3.92%. Mohnish Pabrai still held 595,901 shares as of 03/31/2007. Shares of Lear Corp. were traded at around $36.77.
Reduced: Mdc Holdings Inc. (MDC, Financial)
Mohnish Pabrai reduced to his holdings in Home Construction company Mdc Holdings Inc. by 51.41%. His sale prices were between $48.41 and $59.46, with an estimated average price of $53.3. The impact to his portfolio due to this sale was 2.57%. Mohnish Pabrai still held 323,301 shares as of 03/31/2007. Shares of Mdc Holdings Inc. were traded at around $51.57.
Reduced: Star Gas Partners Lp (SGU, Financial)
Mohnish Pabrai reduced to his holdings in Gas Distribution company Star Gas Partners Lp by 46.78%. His sale prices were between $3.49 and $3.98, with an estimated average price of $3.8. The impact to his portfolio due to this sale was 0.78%. Mohnish Pabrai still held 1,168,668 shares as of 03/31/2007. Shares of Star Gas Partners Lp were traded at around $4.7.
Reduced: Universal Stainless & Alloy Pr (USAP, Financial)
Mohnish Pabrai reduced to his holdings in Steel company Universal Stainless & Alloy Pr by 88.25%. His sale prices were between $32.75 and $51.15, with an estimated average price of $43.8. The impact to his portfolio due to this sale was 0.21%. Mohnish Pabrai still held 33,843 shares as of 03/31/2007. Shares of Universal Stainless & Alloy Pr were traded at around $43.63.
Sold Out: Fidelity National Financial In (FNF, Financial)
Mohnish Pabrai sold out his holdings in Mortgage Finance company Fidelity National Financial In. His sale prices were between $23.19 and $24.15, with an estimated average price of $23.7. The impact to his portfolio due to this sale was less than 0.01%. Shares of Fidelity National Financial In were traded at around $25.5.
Sold Out: Bioscrip Inc. (BIOS)
Mohnish Pabrai sold out his holdings in Health Care Providers company Bioscrip Inc.. His sale prices were between $3.12 and $3.76, with an estimated average price of $3.3. The impact to his portfolio due to this sale was less than 0.01%. Shares of Bioscrip Inc. were traded at around $4.25.
