Mohnish Pabrai

Positions below are disclosed outside the SEC and appear in no 13F. They have no published valuation we can source, so the share of Mohnish Pabrai’s book that a 13F misses is not measurable here — only that it is more than zero.

Compiled from foreign regulators and issuer disclosure — Japan’s large-shareholding regime, HKEX, UK major-holdings notifications, Indian shareholding patterns — none of which reach EDGAR. Re-checked quarterly; every row links its source. Ownership disclosure is threshold-gated, so positions below the local threshold are missing entirely and the real hidden total is larger.

About Mohnish Pabrai

Mohnish Pabrai built Dalal Street LLC as a self-described clone of the Buffett partnership model — fixed fees replaced by a performance-only structure, and a stated philosophy of unabashedly copying the best ideas from investors he respects, a framework he laid out in The Dhandho Investor (2007). His edge claim is concentration and patience: own a handful of deeply discounted businesses, wait, and compound. The current 13F reflects that disposition in an unusually stark form — three positions comprising the entire disclosed U.S. long equity book, with weights in coal, offshore drilling, and met-coal sitting well above what most institutions would call a single-name limit. Because Pabrai's funds can also hold international equities and cash that never appear in a 13F, the filing is a partial window at best; position sizing in the actual fund may differ materially from what these weights imply. The latticework backtest — roughly -10% annualized excess return over twelve years on a 45-day-lagged clone — underscores the friction inherent in following any concentrated, low-turnover manager after public disclosure.