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In Warren Buffett’s Footsteps - Mohnish Pabrai’s Top Five

Sally Jones

Sally Jones

49 followers
An avid Warren Buffett disciple and author, investor Mohnish Pabrai emulates Buffett’s investment style in running his own hedge fund, Pabrai Investment Funds, a group of focused value funds founded in 1999. As of June 28, 2013, Mohnish Pabrai’s portfolio lists six stocks, one of them new, and a total value of $340 million with a quarter-over-quarter turnover of 21%.

Here are Pabrai’s top five holdings:

No. 1: Bank of America Corporation (BAC) - Banks – Regional – US

Weighting: 26.9%

Shares Owned: 7,502,000

Current Share Price: $13.93

As the bank’s twelfth largest Guru stakeholder, Mohnish Pabrai owns 0.07% of shares outstanding in Bank of America Corporation (BAC). Pabrai’s highest earning quarter for BAC was in the fourth quarter of 2011 for a gain of 135.3%.

Up 76% over 12 months, Bank of America Corporation has a market cap of $147.23 billion; its shares trade at around $13.93 with a P/E ratio of 43.10 and P/B ratio of 0.70. The dividend yield of Bank of America Corporation (BAC) stocks is 0.30%.

Historical share pricing:

1374008581942.png

No. 2: Citigroup Inc. (C) – Banks - Global

Weighting: 20.3%

Shares Owned: 1,560,000

Current Share Price: $51.83

In the bank’s top forty Guru stakeholders, Mohnish Pabrai owns 0.05% of shares outstanding. Pabrai’s highest earning quarter for Citigroup Inc. (C) was in the fourth quarter of 2011 for a gain of 86.2%.

Up 89% over 12 month, Citigroup Inc. (C) has a market cap of $155.32 billion; its shares trade at around $51.83 with a P/E ratio of 18.90 and a P/B ratio of 0.80. The dividend yield of Citigroup Inc. (C) stocks is 0.10%.

Historical share pricing:

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No. 3: Chesapeake Energy Corp. (CHK) – Oil & Gas E&P

Weighting: 19.3%

Shares Owned: 3,214,250

Current Share Price: $21.75

As the company’s sixth largest Guru stakeholder, Mohnish Pabrai owns 0.48% of shares outstanding of Chesapeake Energy Corp. (CHK). Pabrai’s highest earning quarter for CHK was in the second quarter of 2012 for a gain of 22.3%.

Up 13% over 12 months, Chesapeake Energy Corp. (CHK) is a natural gas and oil exploration and production company. It also provides marketing and midstream services. Chesapeake Energy Corp has a market cap of $14.53 billion; its shares trade at around $21.75 with a P/B ratio of 1.10. The dividend yield of Chesapeake Energy Corp stocks is 1.60%.

Historical share pricing:

1374009343646.png



No. 4: Horsehead Holding Corporation (ZINC) – Industrial Metals & Minerals

Weighting: 6.7%

Shares Owned: 2,095,281

Current Share Price: $12.25

As the company’s second largest Guru stakeholder, second only to Chuck Royce, Mohnish Pabrai owns 10.39% of shares outstanding of Horsehead Holding Corp. (ZINC). Pabrai’s highest earning quarter for ZINC was in the fourth quarter of 2008 for a gain of 245.8%, followed by a gain of 177.3% in the following quarter.

Up 28% over 12 months, Horsehead Holding Corp. (ZINC) is a U.S. producer of zinc and zinc-based products. The company has production or recycling operations located at six facilities in five states. Horsehead Holding Corporation (ZINC) has a market cap of $552.5 million; its shares trade at around $12.25 with a P/B ratio of 1.40.

Historical share pricing:

1374009722846.png

No. 5: Goldman Sachs Group Inc. (GS) – Capital Markets

Weighting: 6.1%

Shares Owned: 141,863

Current Share Price: $160.24

In the top twenty of the company’s largest Guru stakeholders, Mohnish Pabrai owns 0.03% of shares outstanding of Goldman Sachs Group Inc. (GS). Pabrai’s highest earning quarter for GS was in the fourth quarter of 2008 for a gain of 88.6%.

Up 64% over 12 months, Goldman Sachs Group Inc. (GS) has a market cap of $72.36 billion; its shares trade at around $160.24 with a P/E ratio of 10.60 and a P/B ratio of 1.00. The dividend yield of Goldman Sachs Group Inc. (GS) stocks is 1.20%. Goldman Sachs Group Inc. has had an annual average earnings growth of 5.4% over the past 10 years.

Historical share pricing:

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Pabrai also follows in the philanthropic footsteps of Warren Buffett. He donates about $1 million per year to education.



Top Buys, Top Sales, Top Holdings of Mohnish Pabrai



Here is the complete portfolio of Mohnish Pabrai.

Also check out:

1. Mohnish Pabrai's Undervalued Stocks

2. Mohnish Pabrai's Top Growth Companies

3. Mohnish Pabrai's High Yield stocks

4. Stocks that Mohnish Pabrai keeps buying

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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 3.8/5 (8 votes)

Comments

CarstenPrause
CarstenPrause - 1 year ago


as he says of himself - he is a "shameless clooner"
Sally Jones
Sally Jones - 1 year ago
GREAT! thank you!

Please leave your comment:


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