Mohnish Pabrai - Dalal Street Portfolio (Q2 2026)

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Dalal Street, Mohnish Pabrai, has built a diversified portfolio of 4 publicly traded holdings with a total market value of $326.75M, according to the SEC 13F filed on Aug 13, 2026 (holdings as of quarter-end Jun 30, 2026). This analysis examines that filing to understand the investment strategy and recent portfolio adjustments.

The portfolio demonstrates a concentrated approach to stock selection, with the top holding representing 43.3% of the total portfolio value. The top 5 holdings account for 100.0% of the overall portfolio allocation.

Recent portfolio activity shows 10 significant position adjustments, indicating active portfolio management and strategic repositioning. These changes reflect the investor's response to market conditions and evolving investment thesis.

Portfolio Statistics

4
Total Holdings
$326.7M
Portfolio Value
Jun 30, 2026
Latest Filing
43.3%
Largest Position

Top Holdings Analysis

The portfolio's top holdings reveal the investor's core investment thesis and sector preferences. The largest position in WARRIOR MET COAL INC (HCC) represents 43.3% of the total portfolio, valued at $141.5M.

Rank Symbol Company Value Portfolio % Change
1 HCC WARRIOR MET COAL INC $141.5M 43.3% -3.7%
2 H8817H100 TRANSOCEAN LTD $99.7M 30.5% +0.0%
3 AMR ALPHA METALLURGICAL RESOUR I $85.3M 26.1% -10.8%
4 KSPI KASPI KZ JSC $147.5K 0.0% +100.0%

For a complete analysis of all holdings and detailed portfolio breakdown by sector and market cap, visit our comprehensive holdings page.

Recent Portfolio Activity

Recent portfolio adjustments provide insights into the investor's evolving strategy and market outlook. The following table shows the top 10 most significant position changes from recent reporting periods (out of 139 total transactions), sorted by the magnitude of change.

For a complete history of all portfolio transactions and detailed activity analysis, visit our comprehensive activity page.

Symbol Company Quantity Change Date Action
HCC Warrior Met Coal, Inc. -66,781 Jun 30, 2026 SELL
AMR Alpha Metallurgical Resources, -62,544 Jun 30, 2026 SELL
H8817H100 Transocean +5,987 Jun 30, 2026 BUY
KSPI Joint Stock Company Kaspi.kz - +1,702 Jun 30, 2026 BUY
H8817H100 Transocean -6,647,461 Mar 31, 2026 SELL
VAL Valaris Ltd -459,098 Mar 31, 2026 SELL
AMR Alpha Metallurgical Resources, +36,738 Mar 31, 2026 BUY
HCC Warrior Met Coal, Inc. +11,000 Mar 31, 2026 BUY
H8817H100 Transocean +2,597,801 Dec 31, 2025 BUY
VAL Valaris Ltd -607,157 Dec 31, 2025 SELL

Investment Strategy Insights

Dalal Street's investment approach can be analyzed through several key metrics. The portfolio's concentration in top holdings suggests a high-conviction investment strategy, with significant positions in companies that align with the investor's long-term thesis.

The largest position in WARRIOR MET COAL INC (HCC) demonstrates strong conviction in this particular investment opportunity. Recent activity shows a decrease of 3.7% in this position, indicating active portfolio management and strategic positioning.

Portfolio turnover can be assessed through recent activity patterns. The 10 most significant transactions shown here (out of 139 total transactions) suggest a highly active approach to portfolio management, with frequent strategic adjustments and position changes.

Additional Analysis

Complete Holdings

View all 4 holdings with detailed analysis

Trading Activity

Track all portfolio transactions and position changes

Performance Metrics

Analyze profit, winning trades, and investment returns

Sector Allocation

Analyze portfolio breakdown by sector and industry

Dalal Street's portfolio as of Jun 30, 2026 reflects a strategic approach to equity investing with 4 holdings valued at $326.7M. The concentrated position in WARRIOR MET COAL INC and other top holdings demonstrates the investor's confidence in specific investment themes and long-term value creation opportunities. Recent activity indicates ongoing portfolio optimization and strategic repositioning.

For the most current portfolio data and detailed analysis, refer to the latest SEC 13F filings and our comprehensive holdings and activity pages, which are updated regularly with the latest filing information.

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