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Mohnish Pabrai Buys International Coal Group Inc., Sells Harvest Natural Resources Inc., Teck Cominco Ltd.

May 17, 2010 | About:

Mohnish Pabrai buys International Coal Group Inc., sells Teck Cominco Ltd. during the 3-months ended 03/31/2010, according to the most recent filings of his investment company, Pabrai Mohnish. Mohnish Pabrai owns 17 stocks with a total value of $333 million. These are the details of the buys and sells.

  • New Purchases: ICO,
  • Reduced Positions: TCK,
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 39%
Basic Materials 20.2%
Oil & Gas 10.8%
Industrials 9%
Consumer Goods 7.2%
Consumer Services 4.5%


These are the top 5 holdings of Mohnish Pabrai

  1. Potash Corp. Of Saskatchewan Inc. (POT) - 331,603 shares, 11.89% of the total portfolio. Shares reduced by 2.03%
  2. Brookfield Properties Corp. (BPO) - 2,359,166 shares, 10.89% of the total portfolio.
  3. Harvest Natural Resources Inc. (HNR) - 4,771,814 shares, 10.8% of the total portfolio. Shares reduced by 14.74%
  4. FAIRFAX FINL HLDGS LTD (FRFHF) - 80,886 shares, 9.28% of the total portfolio. Shares added by 0.34%
  5. Berkshire Hathaway Inc. (BRK.B) - 319,851 shares, 7.81% of the total portfolio. Shares reduced by 0.02%


New Purchase: International Coal Group Inc. (ICO)

Mohnish Pabrai initiated holdings in International Coal Group Inc.. His purchase prices were between $3.41 and $4.74, with an estimated average price of $4.18. The impact to his portfolio due to this purchase was 3.45%. His holdings were 2,512,570 shares as of 03/31/2010.

ICG is a producer of coal in Northern and Central Appalachia and the Illinois Basin. International Coal Group Inc. has a market cap of $899.67 million; its shares were traded at around $4.46 with a P/E ratio of 19.39 and P/S ratio of 0.8.

Reduced: Teck Cominco Ltd. (TCK)

Mohnish Pabrai reduced to his holdings in Teck Cominco Ltd. by 99.45%. His sale prices were between $31.72 and $43.3, with an estimated average price of $38.08. The impact to his portfolio due to this sale was -0.07%. Mohnish Pabrai still held 5,501 shares as of 03/31/2010.

Teck Resources Limited, formerly Teck Cominco Limited, is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, metallurgical coal, zinc, gold and energy. Teck Cominco Ltd. has a market cap of $19.82 billion; its shares were traded at around $34.17 with a P/E ratio of 20.22 and P/S ratio of 2.77.



Reduced: Harvest Natural Resources Inc. (HNR)


Mohnish Pabrai reduced to his holdings in Harvest Natural Resources Inc. by 14.74%. The impact to his portfolio due to this sale was -1.59%. Mohnish Pabrai still held 4,771,814 shares as of 03/31/2010.

Harvest Natural Resources, Inc. is an independent oil and gas exploration and development company with principal operations in Venezuela and Russia. Harvest Natural Resources Inc. has a market cap of $284.38 million; its shares were traded at around $8.55 with a P/E ratio of 34.2 and P/S ratio of 1571.17.

Rating: 3.8/5 (9 votes)

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