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Latest Picks from Hedge Fund Manager Mohnish Pabrai: Buys GM, Chesapeake Energy, Sells TEX, POT, CSE

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Hedge fund manager Mohnish Pabrai just reported his latest portfolio. He bought into two new positions GM and Chesapeake Energy (CHK), and sold out positions in TEX, POT, CSE, PNCLQ. His portfolio now has only 6 stocks with a total value of $241 million. Interestingly, GM was a position in Berkshire Hathaway’s portfolio. It is probably bought by one of Berkshire’s new managers, Todd Combs or Ted Weschler. Pabrai funds incurred large loss with Pinnacle Airlines as the stock now trades at pennies. Mohnish Pabrai started buying the stock when the stock was traded at $17 and change.

Mohnish Pabrai’s portfolio is now a lot like Bruce Berkowitz’s, except he does not own AIG. Among the 6 stocks Mohnish Pabrai own, top three are beaten down financials Bank of America (BAC), Citi (C) and Goldman Sachs (GS). These three positions combined are 2/3 of the total portfolio.

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

This is the sector weightings of his portfolio:

Financials 66.3%
Consumer Goods 18.3%
Oil & Gas 7.8%
Basic Materials 7.6%


These are the top 5 holdings of Mohnish Pabrai

  1. Bank Of America Corp (BAC) - 7,502,000 shares, 25.5% of the total portfolio.
  2. Citigroup Inc. (C) - 1,807,510 shares, 20.6% of the total portfolio.
  3. Goldman Sachs Group, Inc. (GS) - 506,130 shares, 20.2% of the total portfolio.
  4. General Motors Company (GM) - 2,237,000 shares, 18.3% of the total portfolio. New Position
  5. Chesapeake Energy Corporation (CHK) - 1,005,000 shares, 7.8% of the total portfolio. New Position


New Purchase: General Motors Company (GM)

Mohnish Pabrai initiated holdings in General Motors Company. His purchase prices were between $19.51 and $26.95, with an estimated average price of $22.51. The impact to his portfolio due to this purchase was 18.3%. His holdings were 2,237,000 shares as of 06/30/2012. General Motors Company is engaged in the designing, manufacturing and retailing of vehicles globally including passenger cars, crossover vehicles, and light trucks, sport utility vehicles, vans and other vehicles. General Motors Company has a market cap of $31.39 billion; its shares were traded at around $20.465 with a P/E ratio of 6.2 and P/S ratio of 0.2.

New Purchase: Chesapeake Energy Corporation (CHK)

Mohnish Pabrai initiated holdings in Chesapeake Energy Corporation. His purchase prices were between $13.97 and $23.24, with an estimated average price of $17.76. The impact to his portfolio due to this purchase was 7.8%. His holdings were 1,005,000 shares as of 06/30/2012. Chesapeake Energy Corp. is an independent oil and gas company engaged in the development, exploration, acquisition and production of onshore natural gas and oil reserves. Chesapeake Energy Corporation has a market cap of $11.85 billion; its shares were traded at around $19.9881 with a P/E ratio of 8 and P/S ratio of 1. The dividend yield of Chesapeake Energy Corporation stocks is 2%. Chesapeake Energy Corporation had an annual average earnings growth of 8% over the past 10 years.

Sold Out: Terex Corporation (TEX)

Mohnish Pabrai sold out his holdings in Terex Corporation. His sale prices were between $15.31 and $25.08, with an estimated average price of $19.95. Terex Corp. is a global manufacturer of a broad range of construction and mining related capital equipment. Terex Corporation has a market cap of $2.12 billion; its shares were traded at around $21.745 with a P/E ratio of 12 and P/S ratio of 0.3.

Sold Out: Potash Corp./saskatchewan (usa) (POT)

Mohnish Pabrai sold out his holdings in Potash Corp./saskatchewan (usa). His sale prices were between $37.42 and $46.64, with an estimated average price of $41.4. 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./saskatchewan (usa) has a market cap of $36.75 billion; its shares were traded at around $43.3 with a P/E ratio of 13 and P/S ratio of 4.2. The dividend yield of Potash Corp./saskatchewan (usa) stocks is 1.3%. Potash Corp./saskatchewan (usa) had an annual average earnings growth of 30.2% over the past 10 years. GuruFocus rated Potash Corp./saskatchewan (usa) the business predictability rank of 5-star.

Sold Out: Capitalsource, Inc. (CSE)

Mohnish Pabrai sold out his holdings in Capitalsource, Inc.. His sale prices were between $6.02 and $6.84, with an estimated average price of $6.53. CapitalSource is a specialized commercial finance company offering asset- based, senior, cash flow and mezzanine financing to small and mid-sized borrowers through three focused lending units: Corporate Finance, Healthcare Finance, and Structured Finance. Capitalsource, Inc. has a market cap of $1.62 billion; its shares were traded at around $7.15 with a P/E ratio of 15.9 and P/S ratio of 2.7. The dividend yield of Capitalsource, Inc. stocks is 0.6%.

Sold Out: Pinnacle Airlines Corp. (PNCLQ)

Mohnish Pabrai sold out his holdings in Pinnacle Airlines Corp.. His sale prices were between $0.07 and $0.71, with an estimated average price of $0.27. Pinnacle Airlines Corp., a regional airline, offers scheduled passenger service throughout the United States. Pinnacle Airlines Corp. has a market cap of $1.8 million; its shares were traded at around $0.05 . Pinnacle Airlines Corp. had an annual average earnings growth of 9.6% over the past 10 years.

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


Rating: 4.0/5 (7 votes)

Comments

dividend30
Dividend30 premium member - 1 year ago
He is doing the opposite of what he said in his book. He is taking too many risks.

In recent years he has lost a lot of money. Is better for him to go back to school.

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