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Mohnish Pabrai Buys BIP, POT, PKX, Sells LUK, HNR, ATSG, CRESY,

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gurufocus

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Mohnish Pabrai reported his Q4 portfolio. As of 12/31/2010, Pabrai Mohnish owns 17 stocks with a total value of $327 million. These are the details of the buys and sells.

Mohnish has refined his investment strategies over the past two years. He increased the number of positions in his portfolio to 17 from around 10. He is also using a checklist approach in his research. You can read How Mohnish Pabrai Uses Checklists - Presentation for more details.

This is the portfolio chart of Mohnish Pabrai. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.



For the details of Mohnish Pabrai's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Mohnish+Pabrai

This is the sector weightings of his portfolio:

Basic Materials 45.6%
Financials 28%
Industrials 10.2%
Consumer Goods 8%
Consumer Services 4.8%
Oil & Gas 3.4%


These are the top 5 holdings of Mohnish Pabrai

  1. POTASH Corp. OF SASKATCHEWAN INC. (POT) - 1,003,854 shares, 15.83% of the total portfolio. Shares added by 202.71%
  2. BROOKFIELD PROPERTIES COR (BPO) - 2,359,133 shares, 12.63% of the total portfolio. Shares reduced by 0.01%
  3. BROOKFIELD INFRASTRUCTURE PARTNERS L.P. Ltd. PARTN (BIP) - 1,769,760 shares, 11.38% of the total portfolio. Shares added by 10000%
  4. Cresud S.A.C.I.F. Y A. (CRESY) - 1,371,466 shares, 7.95% of the total portfolio. Shares reduced by 20.23%
  5. POSCO (PKX) - 213,301 shares, 7.02% of the total portfolio. Shares added by 167.44%


Added: Potash Corp. Of Saskatchewan Inc. (POT)

Mohnish Pabrai added to his holdings in Potash Corp. Of Saskatchewan Inc. by 202.71%. His purchase prices were between $44.8767 and $50.84, with an estimated average price of $47.57. The impact to his portfolio due to this purchase was 10.6%. His holdings were 334,618 shares as of 12/31/2010.

Potash Corporation of Saskatchewan Inc. is the world's largest potash company, the third largest phoshate producer and the second largest nitrogen producer in the world. Potash Corp. Of Saskatchewan Inc. has a market cap of $52.87 billion; its shares were traded at around $185.02 with a P/E ratio of 29 and P/S ratio of 8. The dividend yield of Potash Corp Of Saskatchewan Inc. stocks is 0.2%. Potash Corp. Of Saskatchewan Inc. had an annual average earning growth of 31.7% over the past 10 years. GuruFocus rated Potash Corp Of Saskatchewan Inc. the business predictability rank of 2.5-star.

Added: Posco (PKX)

Mohnish Pabrai added to his holdings in Posco by 167.44%. His purchase prices were between $95.34 and $120.47, with an estimated average price of $106.18. The impact to his portfolio due to this purchase was 4.4%. His holdings were 213,301 shares as of 12/31/2010.

POSCO, formerly known as Pohang Iron & Steel Company Ltd. Posco has a market cap of $35.89 billion; its shares were traded at around $108.63 with a P/E ratio of 7 and P/S ratio of 1.3. The dividend yield of Posco stocks is 0.4%. Posco had an annual average earning growth of 16.3% over the past 10 years.

New Purchase: Brookfield Infrastructure Partners L.p. Ltd. Partn (BIP)

Mohnish Pabrai initiated holdings in Brookfield Infrastructure Partners L.p. Ltd. Partn. His purchase prices were between $19.73 and $23.23, with an estimated average price of $21.15. The impact to his portfolio due to this purchase was 11.38%. His holdings were 1,769,760 shares as of 12/31/2010.

BROOKFIELD INFRASTRUCTURE PARTNERS L.P. was established by Brookfield Asset Management as its primary vehicle to own and operate certain infrastructure assets on a global basis. Brookfield Infrastructure Partners L.p. Ltd. Partn has a market cap of $1.38 billion; its shares were traded at around $22.75 with and P/S ratio of 46.2. The dividend yield of Brookfield Infrastructure Partners L.p. Ltd. Partn stocks is 5%.

Reduced: Harvest Nat Res Inc (HNR)

Mohnish Pabrai reduced to his holdings in Harvest Nat Res Inc by 75.83%. His sale prices were between $10.56 and $14.02, with an estimated average price of $12.55. The impact to his portfolio due to this sale was -10.64%. Mohnish Pabrai still held 912,018 shares as of 12/31/2010.

Harvest Natural Resources, Inc. is an independent oil and gas exploration and development company with principal operations in Venezuela and Russia. Harvest Nat Res Inc has a market cap of $394.9 million; its shares were traded at around $12.71 with a P/E ratio of 27.8 and P/S ratio of 2181.3.

Reduced: Air Transport Services Group Inc (ATSG)

Mohnish Pabrai reduced to his holdings in Air Transport Services Group Inc by 43.4%. His sale prices were between $6.1 and $8.01, with an estimated average price of $7.29. The impact to his portfolio due to this sale was -3.95%. Mohnish Pabrai still held 2,132,001 shares as of 12/31/2010.

AIR TRANSPORT SERVICES GROUP, INC. is a provider of air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. Air Transport Services Group Inc has a market cap of $440.1 million; its shares were traded at around $7.28 with a P/E ratio of 11.6 and P/S ratio of 0.6. Air Transport Services Group Inc had an annual average earning growth of 14.1% over the past 5 years.

Reduced: Cresud S.a.c.i.f. Y A. (CRESY)

Mohnish Pabrai reduced to his holdings in Cresud S.a.c.i.f. Y A. by 20.23%. His sale prices were between $16.47 and $19.93, with an estimated average price of $18.64. The impact to his portfolio due to this sale was -2.02%. Mohnish Pabrai still held 1,371,466 shares as of 12/31/2010.

CRESUD SA-ADR is involved in the Agriculture Industry. Cresud S.a.c.i.f. Y A. has a market cap of $888.1 million; its shares were traded at around $18.23 with and P/S ratio of 1.8. The dividend yield of Cresud S.a.c.i.f. Y A. stocks is 1.8%.

Sold Out: Leucadia National Corp. (LUK)

Mohnish Pabrai sold out his holdings in Leucadia National Corp.. His sale prices were between $23.45 and $29.52, with an estimated average price of $26.63.

LEUCADIA NATL is a diversified financial services holding companyprincipally engaged in personal and commercial lines of property and casualty insurance, life insurance, banking and lending and manufacturing. Leucadia National Corp. has a market cap of $7.84 billion; its shares were traded at around $33.78 with a P/E ratio of 70.1 and P/S ratio of 7.1. The dividend yield of Leucadia National Corp. stocks is 0.8%.

About the author:

gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

Rating: 2.6/5 (10 votes)

Comments

superguru
Superguru - 3 years ago
Why did Mohnish and Watsa sell LUK? Reached Fair value or some other portfolio reasons

Please leave your comment:


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