Hedge Fund manager
Mohnish Pabrai
just reported his third quarter portfolio. He buys Chesapeake
Energy Corp, General Motors Co, reduces Goldman Sachs Group Inc
during the 3-months ended 09/30/2012. As of 09/30/2012, Pabrai
Mohnish owns 6 stocks with a total value of $273 million.
Mohnish Pabrai
runs a concentrated portfolio, now 65% of that in financials. 24%
of the portfolio is in Bank of America (
BAC
). Another 21% is in Citigroup (
C
). These financials have hurt famed mutual fund manager
Bruce Berkowitz
badly.
Mohnish Pabrai
got in at lower prices.
Mohnish Pabrai was known for his bid on lunch with Warren
Buffett, in which he paid $650,000 to have lunch with Warren
Buffett. He even called himself the Buffett clone. He wrote two
well received books "The Dhandho Investor: The Low - Risk Value
Method to High Returns" and "Mosaic: Perspectives on Investing".
Pabrai's funds suffers larges losses during the financial crisis
in 2008. We will still need to see how his bets with financials
will fare over the next few years.
These are the details of the buys and sells.
- Added Positions:
CHK
,
GM
,
- Reduced Positions:
GS
,
For the details of Mohnish Pabrai's stock buys and sells, go to
http://www.gurufocus.com/StockBuy.php?GuruName=Mohnish+Pabrai
This is the sector weightings of his portfolio:
|
Financials
|
54.1% |
|
Oil & Gas
|
20.6% |
|
Consumer Goods
|
19% |
|
Basic Materials
|
6.3% |
These are the top 5 holdings of Mohnish Pabrai
- Bank Of America Corporation (
BAC
) - 7,502,000 shares, 24.2% of the total portfolio.
- Citigroup Inc (
C
) - 1,807,000 shares, 21.6% of the total portfolio. Shares
reduced by 0.03%
- Chesapeake Energy Corp (
CHK
) - 2,983,817 shares, 20.6% of the total portfolio. Shares
added by 196.9%
- General Motors Co (
GM
) - 2,283,650 shares, 19.0% of the total portfolio. Shares
added by 2.09%
- Goldman Sachs Group Inc (
GS
) - 198,863 shares, 8.3% of the total portfolio. Shares reduced
by 60.71%
Added: Chesapeake Energy Corp (
CHK
)
Mohnish Pabrai added to his holdings in Chesapeake Energy Corp by
196.9%. His purchase prices were between $16.83 and $20.52, with
an estimated average price of $19.08. The impact to his portfolio
due to this purchase was 13.66%. His holdings were 2,983,817
shares as of 09/30/2012. Chesapeake Energy Corp. is an
independent oil and gas company engaged in the development,
exploration, acquisition and production of onshore natural gas
and oil reserves. Chesapeake Energy Corp has a market cap of
$11.34 billion; its shares were traded at around $17.5 with a P/E
ratio of 18.5 and P/S ratio of 1. The dividend yield of
Chesapeake Energy Corp stocks is 2.1%. Chesapeake Energy Corp had
an annual average earnings growth of 8% over the past 10 years.
Added: General Motors Co (
GM
)
Mohnish Pabrai added to his holdings in General Motors Co by
2.09%. His purchase prices were between $18.79 and $24.77, with
an estimated average price of $21.06. The impact to his portfolio
due to this purchase was 0.39%. His holdings were 2,283,650
shares as of 09/30/2012. General Motors Company is engaged in the
designing, manufacturing and retailing of vehicles globally
including passenger cars, crossover vehicles, and light trucks,
sport utility vehicles, vans and other vehicles. General Motors
Co has a market cap of $39.21 billion; its shares were traded at
around $25.04 with a P/E ratio of 8 and P/S ratio of 0.3.
Reduced: Goldman Sachs Group Inc (
GS
)
Mohnish Pabrai reduced to his holdings in Goldman Sachs Group Inc
by 60.71%. His sale prices were between $93.12 and $121.3, with
an estimated average price of $104.19. The impact to his
portfolio due to this sale was -12.26%. Mohnish Pabrai still held
198,863 shares as of 09/30/2012. Goldman Sachs is a global
investment banking and securities firm, providing a full range of
investing, advisory and financing services worldwide to a
substantial and diversified client base, which includes
corporations, financial institutions, governments, and high net
worth individuals. Goldman Sachs Group Inc has a market cap of
$55.68 billion; its shares were traded at around $118.22 with a
P/E ratio of 11.2 and P/S ratio of 1.9. The dividend yield of
Goldman Sachs Group Inc stocks is 1.6%. Goldman Sachs Group Inc
had an annual average earnings growth of 4.8% over the past 10
years.
Here is the complete portfolio of Mohnish Pabrai. Also check out:
1. Mohnish Pabrai's Undervalued Stocks
2. Mohnish Pabrai's Top Growth Companies, and
3. Mohnish Pabrai's High Yield stocksAbout GuruFocus:
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