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Mohnish Pabrai Q4 Portfolio: Buys BRK.B, TEX, DTV, WFC, C

February 17, 2012 | About:
gurufocus

gurufocus

371 followers
Hedge fund manager Mohnish Pabrai called him Buffett-clone. We don’t know if he is really a Buffett-clone, but he is definitely buying some of the stocks that Berkshire Hathaway (BRK.A)(BRK.B) owns and he is also buying big position in Berkshire itself.

As of 12/31/2011, Pabrai Mohnish owns 13 stocks with a total value of $236 million. Among these 13 stocks, 3 positions are new. The quarter-to-quarter portfolio turnover is 44%.

Mohnish Pabrai has relative concentrated portfolio. He had a theory of investing in 10 stocks with 10% position in each. He beat the market to the dust in the years before 2007. 2008 was a difficult year for him. He increased the numbers of positions in his fund to about 20. Now he is reducing the number of stocks again.

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.



These are the details of the buys and sells.

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

Mohnish is very heavy with financials. This is the sector weightings of his portfolio:

Financials 55.7%
Basic Materials 21.1%
Industrials 13%
Consumer Services 7.9%
Consumer Goods 1.5%
Telecom 0.8%


These are the top 5 holdings of Mohnish Pabrai

  1. Wells Fargo & Company (WFC) - 1,387,001 shares, 16.2% of the total portfolio. Shares added by 13.22%
  2. Berkshire Hathaway Inc. (BRK.B) - 444,941 shares, 14.4% of the total portfolio. Shares added by 4599.92%
  3. Potash Corp. Of Saskatchewan Inc. (POT) - 796,000 shares, 14.0% of the total portfolio.
  4. Terex Corp. (TEX) - 2,267,112 shares, 13.0% of the total portfolio. New Position
  5. The Goldman Sachs Group Inc. (GS) - 214,786 shares, 8.2% of the total portfolio. Shares reduced by 25.92%


New Purchase: Terex Corp. (TEX)

Mohnish Pabrai initiated holdings in Terex Corp.. His purchase prices were between $9.61 and $17.86, with an estimated average price of $14.33. The impact to his portfolio due to this purchase was 13%. His holdings were 2,267,112 shares as of 12/31/2011.

New Purchase: The Directv Group Inc. (DTV)

Mohnish Pabrai initiated holdings in The Directv Group Inc.. His purchase prices were between $40.6 and $47.87, with an estimated average price of $45.35. The impact to his portfolio due to this purchase was 7.2%. His holdings were 398,341 shares as of 12/31/2011.

New Purchase: Citigroup Inc. (C)

Mohnish Pabrai initiated holdings in Citigroup Inc.. His purchase prices were between $23.11 and $34.17, with an estimated average price of $27.82. The impact to his portfolio due to this purchase was 5.7%. His holdings were 506,124 shares as of 12/31/2011.

Sold Out: Brookfield Infrastructure Partners L.p. (BIP)

Mohnish Pabrai sold out his holdings in Brookfield Infrastructure Partners L.p.. His sale prices were between $23 and $27.86, with an estimated average price of $25.58.

Sold Out: Brookfield Properties Corp. (BPO)

Mohnish Pabrai sold out his holdings in Brookfield Properties Corp.. His sale prices were between $13.39 and $16.75, with an estimated average price of $15.19.

Sold Out: Wells Fargo & Company Ws (WFC.WS)

Mohnish Pabrai sold out his holdings in Wells Fargo & Company Ws. His sale prices were between $7.4 and $9.41, with an estimated average price of $8.6.

Sold Out: Air Transport Services Group Inc (ATSG)

Mohnish Pabrai sold out his holdings in Air Transport Services Group Inc. His sale prices were between $3.87 and $5.81, with an estimated average price of $5.01.

Sold Out: Harvest Natural Resources Inc. (HNR)

Mohnish Pabrai sold out his holdings in Harvest Natural Resources Inc.. His sale prices were between $6.58 and $12.04, with an estimated average price of $9.14.

Sold Out: Posco (PKX)

Mohnish Pabrai sold out his holdings in Posco. His sale prices were between $72.51 and $89.16, with an estimated average price of $82.4.

Added: Berkshire Hathaway Inc. (BRK.B)

Mohnish Pabrai added to his holdings in Berkshire Hathaway Inc. by 4599.92%. His purchase prices were between $70.06 and $80.49, with an estimated average price of $75.78. The impact to his portfolio due to this purchase was 14.09%. His holdings were 444,941 shares as of 12/31/2011.

Added: Horsehead Hldg Corp (ZINC)

Mohnish Pabrai added to his holdings in Horsehead Hldg Corp by 36.65%. His purchase prices were between $6.47 and $9.52, with an estimated average price of $8.41. The impact to his portfolio due to this purchase was 1.9%. His holdings were 1,855,001 shares as of 12/31/2011.

Added: Wells Fargo & Company (WFC)

Mohnish Pabrai added to his holdings in Wells Fargo & Company by 13.22%. His purchase prices were between $23.18 and $27.785, with an estimated average price of $25.68. The impact to his portfolio due to this purchase was 1.89%. His holdings were 1,387,001 shares as of 12/31/2011.

Reduced: Bank Of America Corp. (BAC)

Mohnish Pabrai reduced to his holdings in Bank Of America Corp. by 69.72%. His sale prices were between $4.985 and $7.35, with an estimated average price of $5.94. The impact to his portfolio due to this sale was -11.63%. Mohnish Pabrai still held 2,135,986 shares as of 12/31/2011.

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 70.58%. His sale prices were between $10.27 and $12.32, with an estimated average price of $11.29. The impact to his portfolio due to this sale was -3.03%. Mohnish Pabrai still held 302,376 shares as of 12/31/2011.

Reduced: The Goldman Sachs Group Inc. (GS)

Mohnish Pabrai reduced to his holdings in The Goldman Sachs Group Inc. by 25.92%. His sale prices were between $87.7 and $116.4, with an estimated average price of $97.5. The impact to his portfolio due to this sale was -2.74%. Mohnish Pabrai still held 214,786 shares as of 12/31/2011.

Reduced: CapitalSource Inc. (CSE)

Mohnish Pabrai reduced to his holdings in Capitalsource Inc. by 22.22%. His sale prices were between $5.75 and $6.85, with an estimated average price of $6.29. The impact to his portfolio due to this sale was -1.48%. Mohnish Pabrai still held 2,188,141 shares as of 12/31/2011.

Here is the complete portfolio of Mohnish Pabrai. Also check out the Undervalued Stocks, Top Growth Companies, and High Yield stocks of Mohnish Pabrai.

About the author:

gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

Rating: 3.2/5 (11 votes)

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