Mohnish Pabrai portfolio against fair value
Value investor in the tradition of Buffett and Munger with very few US positions. Holdings from Dalal Street's 13F filing for Q2 2026, filed Aug 13, 2026. Fair value and quality as of Nov 8, 2026.
Of the 4 stocks we value in Dalal Street' 13F filing for Q2 2026, 1 trade below our fair value (as of Nov 8, 2026).
Adds the largest valued positions, as many as fit on your watchlist: 5 without an account, 10 with a free account, all with Pro.
All Dalal Street stocks with fair value
more than 10% below fair value (cheap)near fair value (±10%)more than 10% above fair value (expensive)
| Holding | Weight | vs prior qtr | vs fair value | Quality |
|---|---|---|---|---|
| Warrior Met Coal Inc HCC−4 % vs prior qtr | 43.3 % | −4 % | FV 65.8 % lower | 38 |
| Transocean Ltd RIGunchanged | 30.5 % | unchanged | FV 23.6 % lower | 41 |
| Alpha Metallurgical Resources Inc AMR−11 % vs prior qtr | 26.1 % | −11 % | FV 33.9 % lower | 47 |
| Joint Stock Company Kaspi.kz KSPInew | 0.05 % | new | 50.0 % below FV | 61 |
"Weight" is the share of the total reported value. "Vs prior qtr" compares the share count with the previous filing. "Not covered" means we could not match this position to one of our stocks with two independent sources, so we show no value.
Bought and sold in Q2 2026
New positions:
- Joint Stock Company Kaspi.kz (0.05 %), 50.0 % below FV
Frequently asked questions
What stocks does Mohnish Pabrai own?
According to Dalal Street' 13F filing for Q2 2026 (filed Aug 13, 2026), the five largest positions are Warrior Met Coal Inc (43.3 %), Transocean Ltd (30.5 %), Alpha Metallurgical Resources Inc (26.1 %), Joint Stock Company Kaspi.kz (0.1 %). In total the filing lists 4 stocks worth $326.7 m.
Which Mohnish Pabrai stocks trade below fair value?
1 of the 4 stocks we value. The largest of them: Joint Stock Company Kaspi.kz: 50% below fair value. As of Nov 8, 2026, not financial advice.
How current is this list?
Large US investment managers report their US stock holdings to the SEC once a quarter (Form 13F), at the latest 45 days after quarter end. This list shows Q2 2026, filed Aug 13, 2026. Dalal Street may have bought or sold since. We recalculate our fair value daily, last on Nov 8, 2026.
Source of the holdings: 13F filing with the SEC (Dalal Street, CIK 1549575). A 13F covers only US-listed stocks, options and certain bonds, no short positions and no foreign shares. Fair value and quality are our valuation and do not account for your personal situation.