Mohnish Pabrai's Dalal Street Portfolio Changes: Q2 2026 Focus on Technology Acquisition
Dalal Street, managed by Mohnish Pabrai, saw significant changes in its holdings during the quarter ending June 30, 2026. Key transactions included a major increase in KASPI KZ JSC (KSPI) and minor adjustments to other positions.
As of June 30, 2026, Mohnish Pabrai's investment vehicle, Dalal Street, has undergone notable changes in its portfolio holdings. The total value stands at approximately $326.75 million.
Purchases This Quarter
Dalal Street registered a significant purchase during this reporting period. The investor acquired shares of KASPI KZ JSC (KSPI), increasing its stake by 100% from the previous quarter, acquiring an additional 1702 shares.
Additionally, there was a minor purchase of TRANSOCEAN LTD (H8817H100). The number of shares held increased slightly by 5987, representing a very small +0.03% change overall.
Sales and Reductions This Quarter
Dalal Street also saw reductions in two major holdings during the quarter ending June 30, 2026. Shares of WARRIOR MET COAL INC (HCC) decreased by approximately -66781 shares (-3.69%), while its stake in ALPHA METALLURGICAL RESOURCES I (AMR) dropped significantly by -62544 shares (-10.79%).
The portfolio now consists of four distinct holdings, all concentrated within the Basic Materials sector and a minor Technology position via KSPI.
Sector Allocation Shifts
As previously reported, Dalal Street holds substantial exposure to the Basic Materials sector. This quarter's changes resulted in a slight decrease in this allocation percentage from 70% down to approximately 69.43%, primarily due to the sales of HCC and AMR.
The Technology sector allocation increased slightly, now accounting for about 0.05% ($147k) of the portfolio via KSPI purchases, while the portion held in unclassified or unknown sectors remained unchanged at roughly 30.53% ($99.7M).
Portfolio Concentration and Activity Summary
Dalal Street maintains a highly concentrated portfolio with all its value invested either directly in stocks classified as Basic Materials, Technology, or within the 'Unknown' category.
This quarter's filing confirms active management by Pabrai. There were no large-scale selling activities reported for Dalal Street during this period. The most significant change was the new position in KSPI and the reduction of stakes in two other holdings (HCC and AMR). Further details on these holdings can be found at Dalal Street and their respective stock pages.