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Mohnish Pabrai Increases Holdings in CHK and Makes Reductions in Two Others

May 15, 2013 | About:
Monica Wolfe

Monica Wolfe

127 followers
During the first quarter Guru Mohnish Pabrai added to one of his stocks and reduced his holdings in two other companies. The two companies that Pabrai made reductions in are from the financial sector. Pabrai holds a total 7 stocks that are currently valued at $340 million.

Increases:


1. Chesapeake Energy Corp (CHK)

Chesapeake Energy was the only company that Pabrai added to in this previous quarter. Pabrai increased his holdings by 1.85%, adding a total of 58,279 shares at an average price of $19.62. Since this buy the share price of Chesapeake has increased 5%. Mohnish Pabrai now owns a total of 3,214,250 shares which make up 19.3% of his total portfolio.



Click here for the Holding History of other gurus

Chesapeake is a natural gas and oil exploration company engaged in the exploration, development and acquisition of properties for the production of natural gas and crude ol from underground reservoirs and it provides marketing and midstream services. The company manages its business as three separate operational segments: exploration and production; marketing, gathering and compression; service operations.

Chesapeake Energy has a market cap of $13.6 billion and a P/S ratio of 1.00. The company is currently trading at $20.66 per share. The company has seen revenue growth of 16.3% in the past 12 months.

Reductions:

1. Citigroup (C)

Mohnish Pabrai reduced his holdings in Citigroup by 13.67% in the first quarter. Pabrai sold 247,000 shares at an average price of $43.48 per share. This sell resulted in a 17.5% gain for the guru.



Click here for the Holding History of other gurus

Pabrai still holds on to 1,560,000 shares of Chesapeake as of the end of the first quarter. Pabrai’s holdings in Chesapeake make up 20.3% of his total assets managed.

Citigroup is a global financial services holding company, whose businesses provide consumers, corporations, governments and institutions with a wide range of financial products and services including consumer banking, credit cards, corporate and investment banking, securities brokerage and wealth management.

Citigroup is currently traded at $51.15 and has a market cap of $151.86 billion. The company’s P/E ratio is at 18.8 and their P/S ratio is at 2.1.

2. Goldman Sachs Group (GS)

Pabrai reduced his position in Goldman Sachs by 27.94% in the first quarter. Pabrai sold a total of 55,000 shares at an average price of $147.38 per share. Since this sell the price per share of Goldman Sachs has increased 5.4%.



Mohnish Pabrai still owns 141,863 shares of Goldman Sachs. His holdings in the company make up 6.1% of his total holdings.

Click here for the Holding History of other gurus

Goldman Sachs is a bank holding company and financial holding company regulated by the board of governors of the Federal Reserve System. It is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diverse client base that includes corporations, financial institutions, governments and high-net-worth individuals.

Goldman Sachs is currently traded at $155.39; it has a market cap of $68.97 million. The company’s P/E ratio is at 10.70, with a P/B ratio of 0.9 and a P/S ratio of 2.3. Goldman Sachs had an annual average earnings growth of 11.8% over the past five years.

See Mohnish Pabrai’s portfolio here. Also, take a look at his Undervalued Stocks, Top Growth Companies and Top Yield Stocks.

Rating: 2.5/5 (2 votes)

Comments

sbhaidani
Sbhaidani - 1 year ago
How comes his holdings on Guru Focus don't reflect the reduction in C?

Does it take time for Guru Focus to pick up the filings as the article dosn't match the info provided by Guru Focus.

Thanks,
gurufocus
Gurufocus premium member - 1 year ago
hi Sbhaidani,

this is the current holding of Pabrai. It does show he reduced Citi:

http://www.gurufocus.com/holdings.php?GuruName=Mohnish+Pabrai
sbhaidani
Sbhaidani - 1 year ago
I see the latest picks just showed up as of May 16th and the article is dated May 15th.

What's the normal delay to sync the latest guru pics screen and their portfolios?

Thanks!
stevenramsey
Stevenramsey - 1 year ago
I'd also toss in that he swapped the GM common for GM warrants. Take that for what it's worth.
gurufocus
Gurufocus premium member - 1 year ago
There shouldn't be any. The portfolio and Guru picks pages updated first. Then we may have articles.

For Pabrai, we found that we missed C in Guru Picks page so we refreshed it and fixed the bug that caused it.
wsjalerts13
Wsjalerts13 - 1 year ago
Why not just simply subscribe to the rss feeds, this way you dont have to wait. The info is all out there..
sbhaidani
Sbhaidani - 1 year ago
Thanks Guru and Wsj - I'll subscribe to RSS feeds.

And Steven, good point on the warrants. Means he's even more bullish on GM.

Cheers!
wsjalerts13
Wsjalerts13 - 1 year ago
Another bug on Bruce Berkowitz holdings, AIG doesnt show up



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