Mohnish Pabrai is one of the known faces in the stock market because of his well-thought investment plans and his precise portfolio. He has been trading in the market since 1999 when he founded his company named Pabrai Investment Funds.
The company comes under the hedge funds category which was founded in the year 1999 along the lines of the Buffett Partnership. Mohnish Pabrai Portfolio has a net worth of Rs. 2030.74 crore as per the June 2019 reports.
In this article, you will read about his early life and career and then we will get into the details of the portfolio he has. In the article, you will read about the different stocks he holds in his portfolio and their percentages and valuations and current market price and other details.
The article will also take you through the portfolios he had in the past years like in 2017 and 2018 apart from 2019 which we will discuss elaborately.
This will give an insight into the investor’s thought process and how he chose stocks for his portfolio and why he is one of the top investors in the country. So, let us start with a brief history of the investor and then dig deeper into the finer details.
About Mohnish Pabrai
Mohnish Pabrai was born in the city of Mumbai in the year 1964 and then move to the US for his studies when he went to college. He went to one of the American universities that are Clemson University and presently resides in California, America.
He lived his childhood in the city of Mumbai and may be that is what stayed in his mind which took him to Dalal Street once again when he dropped his IT consulting firm and got engaged in the hedge funds business in the year 1999.
At the beginning of his career, he also worked for Tellabs from the year 1986 to 1991 and then joined the sales team in the international subsidiary of the firm.
Later on he started the IT consulting firm but sold it off to Kurt Salmon Associates in the year 2000 for $20 million. He made a huge profit from this deal as he started the business with around $1 lakh.
Mr.Parbrai has been not only an investor but a philanthropist and a writer who wrote “The Dhandho Investor: The low – Risk Value Method to High Returns”.
He has been a die-hard follower of Warren Buffet and in his next book which is called Mosaic: Perspective on Investing, he has cleared the ideas of Warren Buffet investing methodologies.
In this article, we will cover the Mohnish Pabrai Latest Portfolio, his stocks, investments, and net worth.
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Mohnish Pabrai Latest Portfolio & Holdings
Now, let us get into the finer details of the Portfolio of Mohnish Pabrai, where you will read about the sic stocks that he holds at present in details.
If we see the current quarter end reports, the investor has an investment in total six stocks. The investments are made via The Pabrai Investment funds Iv, Lp along with Pabrai Investment fund 3. Ltd, Pabrai Investment Fund Ii and Mohnish Pabrai himself.
Investment in Edelweiss Financial Services Ltd
The first stock in the portfolio of Mohnish Pabrai holdings is of Edelweiss Financial Services Ltd. You must have heard about this financial service provider as it is quite a famous one in the market and Mohnish Pabrai holds its 1.15% of the shares.
The number of shares accounts for 10752000 units and the current price of the Edelweiss Shares being Rs. 123.95 makes the total investment of Mohnish Pabrai in this share worth Rs. 133.3 Crore. In the last quarter, the holding in this share has not been altered.
Investment in Indian Energy Exchange Ltd
The next up in the line is Indian Energy Exchange Ltd. whose share price in the market at present is around Rs. 127.05 and Mohnish Pabrai holds 4261560 shares of the company. This, in turn, makes the investment of his in the Indian Energy company stand at Rs. 54.1 Crore.
The percentage of shares of the company held by Mohnish Pabrai is around 1.42% which is a result after the decrease in the investment holdings in the last quarter of June 2019 by 0.04%.
Holdings in Kaveri Seed Company Ltd
Mohnish Pabrai holds Kaveri Seed Company Ltd. shares and currently, the price of this share is trading at Rs. 528.45 and he holds 5342657 shares of this firm.
The holding percentage in this firm by Mohnish Pabrai is 8.93% which is one of the highest of any stock he holds in any company and he further increased his holding in the June 2019 quarter by 0.08%. At present the valuation in this firm amounts to Rs. 298.2 crore.
Investment in Kolte-Patil Developers Ltd
The fourth stock that Mohnish Pabrai holds is of Kolte-Patil Developers Ltd. which is an infra company and he holds 4973521 shares of this firm. The investment is worth Rs. 126.7 Crore and Mohnish Pabrai has been holding around 6.55% of the company’s total share.
Holdings in Rain Industries Ltd
The fifth share in his latest portfolio is Rain Industries Ltd. The share price of this firm at present is at around Rs. 103.3 and by holding 32925118 shares of the firm, Mohnish Pabrai has an investment of Rs. 340.1 crore in this single firm.
It is one the second highest investment in his portfolio at present. According to the holding percentage, Mohnish Pabrai has the most holding in this company where he holds 9.78% of the total shares.
Investment in Sunteck Realty Ltd
The last but the stock in which Mohnish Pabrai has invested the most is Sunteck Realty Ltd. The price of the share of this firm is Rs. 432.35 at current levels and he holds 12470471 shares of the company which makes his investment stand at Rs. 839.2 Crore. The percentage of the company held by Mohnish Pabrai is 8.52%.
Mohnish Pabrai Portfolio in 2019
According to the Mohnish Pabrai Portfolio 2019, the net worth of the portfolio of Mohnish Pabrai didn’t change in the last quarter that is June 2019 quarter. Before that, it dropped by 2% in the March 2019 quarter.
The firm has been investing in the six stocks that have been discussed above in the last quarter which is two less from the eight stocks that Mohnish Pabrai held in the March 2019 quarter.
The two stocks that have been removed from the portfolio of Mohnish Pabrai are Care Ratings Ltd. and Phoenix Mills Ltd.
Apart from that the in the March quarter, the Edelweiss stocks were added to the Mohnish Pabrai portfolio and he invested more in Kolte-Patil Developers Ltd. stocks in the March Quarter.
In the June quarter, the holding in Kaveri Seed Company had been increased by 0.08% and at the same time, the Indian Energy Stocks were reduced by 0.04%.
In 2019, until now he is more focused on the Realty and infrastructure and manufacturing companies and added a financial service company Edelweiss for the first time in the portfolio.
The highest investment worth of stocks this year as of now is in the Sunteck Realty Ltd and then comes the Rain Industries.
Mohnish Pabrai Portfolio in 2018
If you see the Mohnish Pabrai Portfolio 2018, you will find that the portfolio worth dropped tremendously in the December quarter.
The dip was up to 23% when the investment valuation stood at Rs. 2090.85 Crores. In the quarter preceding the December quarter, that is the September quarter,
This time, the portfolio gained 6% from the previous June 2018 quarter and same goes for the June quarter as well. In the first quarter of 2018 that is March quarter, the portfolio gained 5% from the 2017 December quarter.
If we see the holdings in the portfolio at this time, the stocks of Phoenix Mills Ltd. were bought in the December quarter of 2018 which was sold off in the March quarter 2019 as we read above.
Then the shareholding in Care Ratings Ltd. dropped by 6.11% and finally in the March 2019 quarter, it was completely waived off from the portfolio.
In the June 2018 quarter, the stocks of Indian Energy Exchanges, Care Ratings, Kaveri Seed, Phoenix Mills were added to the portfolio of Mohnish Pabrai.
If you take a look at this December quarter of 2018, you will find that the investor invested in quite a few new shares and among them most of the stocks are of manufacturing, infra stocks, and financial stocks.
In 2018 also, the highest investment was in Sunteck Realty Ltd. followed by Rain Industries.
Mohnish Pabrai Portfolio in 2017
As per the Mohnish Pabrai Portfolio 2017, the beginning of the year was marked by a huge loss where 33% of the valuation of the investment dropped in the March quarter of the year from the previous net worth of Rs. 613.33 crores.
However, the year was a turning point in the positive direction as the days passed. With just 3% increase in the worth of the portfolio, in the June quarter, hardly anyone would have imagined that the pro-investor, Mohnish Pabrai will gain 65% and 222% in the two consecutive quarters of September 2017 and December 2017 and the net worth of the investment would stand at Rs. 2282.63 Crores.
2017, was a turnaround year for many investors but a whopping 222% of gain on the investment is completely unimaginable. However, that took the investor’s portfolio to another level.
Inthis year, he was holding only 4 stocks of four different company namely Rain Industries, Sunteck, Balaji Amines, and Kolte-Patil Developers. With these 4 stocks in hand, he turned around the table for himself and made that whopping gain.
All these four stocks are either Realty or manufacturing stocks or this makes one thing clear that the investor in inclined towards the manufacturing industry and also towards the Realty and infra stocks.
What is Mohnish Pabrai’s Net Worth?
|Mohnish Pabrai’s Networth|
The Mohnish Pabrai’s Net Worth is 2097.1 Crore at present and he holds six different companies in this portfolio. In the year 2015, the worth of the portfolio held by him was Rs. 633.68 crore which is now almost 3.5 times the previous value.
The net worth of the Indian American investor Mohnish Pabrai mostly comes from the investments he has and apart from that there are another source of income as well like the books he writes, royalty he receives from that and also from his company where he manages the hedge funds.
In the past two years, his net worth from the portfolio of stocks has been dipping which rose significantly in the 2017 and 2018 first half. Like in the recent past quarter of June 2019, there has been no change in the portfolio valuation.
Mohnish Pabrai Portfolio – Conclusion
The Portfolio of Mohnish Pabrai consists of very few stocks but all the stocks and investment in them are well though off. Every single stock is picked after proper scrutiny and thus e ach of the stocks generates such high returns.
With just four stocks in the portfolio in 2017, he generated 222% of return which is incredible. Being a Warren Buffet fan and follower, he is very much involved in his stock picking and thus he can trun the table around with just few stocks in his portfolio.
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