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Pabrai's 4-Stock Bet: Value Investor's Portfolio Surges
26 Aug
Summary
- Pabrai's portfolio grew to $326.7 million, up nearly $78.6 million.
- His concentrated portfolio holds just four stocks, avoiding big tech.
- Warrior Met Coal is his largest bet, comprising 43.32% of holdings.
Mohnish Pabrai, an Indian-American value investor, maintains a distinct strategy of high-conviction, concentrated investments. As of the second quarter of 2026, his firm, Pabrai Investments, manages a portfolio valued at $326.7 million, a notable increase from $248.1 million in Q4 2023.
The firm's holdings are remarkably concentrated, focusing on just four stocks: Warrior Met Coal (HCC), Transocean (RIG), Alpha Metallurgical Resources (AMR), and Kaspi.kz ADR (KSPI). This selection deliberately steers clear of large technology companies, emphasizing instead value and industrial demand cycles.
Warrior Met Coal, a US-based miner of steelmaking coal, represents the largest holding at 43.32%, valued at $141.5 million. Transocean, a global offshore drilling leader, is the second-largest investment at 30.53%, worth $99.7 million. Alpha Metallurgical Resources, a mining company, follows at 26.11%, valued at $85.3 million.
Kaspi.kz ADR, a fintech ecosystem in Kazakhstan, is the newest addition, comprising a small 0.04% of the portfolio. Pabrai's approach also shows flexibility, with examples of exiting positions like Valaris and Noble Corp. after booking profits, while also demonstrating the challenge of timing the market, as seen with his Micron Technology investment.
