Investment Gurus

Find investors like me →

Explore investment styles, editorial evaluations and disclosed SEC 13F holdings of notable investors.

← All investors

Mohnish Pabrai

Pabrai Investment Funds

United States

Not rated yet

Mohnish Pabrai — Investment style

Growth3Value

Seeks undervalued businesses with a wide margin of safety

Macro9Companies

Values business fundamentals over macro forecasts

Quantitative7Qualitative

Weighs valuation, management quality and business economics

Short term9Long term

Waits for long-term value realization and compounding

Concentrated1Diversified

Makes a few large, high-conviction investments

Aggressive3Conservative

Targets asymmetric rewards but accepts severe drawdowns

Leveraged8Unleveraged

Prefers margin of safety to borrowed leverage

Short9Long positions

Primarily invests through long equity positions

Innovative7Traditional

Favors proven economics over fashionable narratives

Alternative assets8Stocks

Primarily holds stocks, with selective convertible debt

Style and evaluation scores are subjective HappyStock editorial assessments.

Evaluation scores

Long-term excess returns7/10

First fund and successor earned 12.4% net annually to 2025

Performance consistency5/10

Strong years alternate with sharp negative years

Downside protection2/10

Fund 3 lost about 61% in the 2008 financial crisis

Replicability7/10

Cloning and checklist principles are clear but demanding

Explosiveness10/10

Fund 3 returned 109.2% net in 2017

Top 3 investment successes

Fiat Chrysler Investment Gain : Starting in 2012, Pabrai invested roughly $70 million in the undervalued automaker, whose assets included Ferrari He later reported collecting about $260 million in total, including proceeds from shares received in the Ferrari spinoff
Kweichow Moutai Investment Gain : In 2015, Pabrai invested about $23 million in the Chinese premium spirits maker, attracted by its powerful brand and pricing power He later sold the entire position for roughly $101 million, realizing about $78 million in profit
Level 3 Convertible Notes Trade : During the 2008 credit panic, Pabrai bought Level 3 Communications convertible notes with $1,000 face value for an average of $432 He later sold near $680 as distressed debt prices recovered, a gain of about 57% on the purchase price

Top 3 investment setbacks

Delta Financial Total Loss : When mortgage securitization markets froze in 2007, Delta Financial lost access to funding and went bankrupt Pabrai said the funds lost roughly $60 million, about 10% of assets, after underestimating the lender’s dependence on functioning credit markets
CompuCredit Investment Loss : Pabrai bought the subprime credit-card lender in 2007 based on its apparent low valuation and growth, but underestimated credit risk As of the 2009 sale, an investment of about $81.9 million had returned only $23.1 million, a realized loss near 72%
Sears Holdings Investment Loss : In 2007, Pabrai believed Sears stock undervalued its property and brands, expecting those assets could be monetized He underestimated the retailer’s weak operating economics and barriers to selling the assets, and exited in 2009 with a loss of about 60%

Top 10 reported SEC 13F holdings

Quarter ended: 2026-06-30 · Filed: 2026-08-13

#	Top 10 reported SEC 13F holdings	Share of reported 13F value
1	Warrior Met Coal (HCC)	43%
2	Transocean (RIG)	31%
3	Alpha Metallurgical Resources (AMR)	26%
4	Kaspi.kz (KSPI)	0%

SEC 13F covers reported positions of an associated investment manager, not the investor’s full current portfolio.