Hedge fund manager
Mohnish Pabrai
just reported his latest portfolio. He bought into two new
positions GM and Chesapeake Energy (
CHK
), and sold out positions in
TEX
,
POT
,
CSE
,
PNCLQ
. His portfolio now has only 6 stocks with a total value of $241
million. Interestingly, GM was a position in Berkshire Hathaway's
portfolio. It is probably bought by one of Berkshire's new
managers, Todd Combs or
Ted Weschler
. Pabrai funds incurred large loss with Pinnacle Airlines as the
stock now trades at pennies.
Mohnish Pabrai
started buying the stock when the stock was traded at $17 and
change.
Mohnish Pabrai
's portfolio is now a lot like Bruce Berkowitz's, except he does
not own AIG. Among the 6 stocks Mohnish Pabrai own, top three are
beaten down financials Bank of America (
BAC
), Citi (
C
) and Goldman Sachs (
GS
). These three positions combined are 2/3 of the total portfolio.
These are the details of the buys and sells.
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
|
66.3% |
|
Consumer Goods
|
18.3% |
|
Oil & Gas
|
7.8% |
|
Basic Materials
|
7.6% |
These are the top 5 holdings of Mohnish Pabrai
- Bank Of America Corp (
BAC
) - 7,502,000 shares, 25.5% of the total portfolio.
- Citigroup Inc. (
C
) - 1,807,510 shares, 20.6% of the total portfolio.
- Goldman Sachs Group, Inc. (
GS
) - 506,130 shares, 20.2% of the total portfolio.
- General Motors Company (
GM
) - 2,237,000 shares, 18.3% of the total portfolio. New
Position
- Chesapeake Energy Corporation (
CHK
) - 1,005,000 shares, 7.8% of the total portfolio. New
Position
New Purchase: General Motors Company (
GM
)
Mohnish Pabrai initiated holdings in General Motors Company. His
purchase prices were between $19.51 and $26.95, with an estimated
average price of $22.51. The impact to his portfolio due to this
purchase was 18.3%. His holdings were 2,237,000 shares as of
06/30/2012. 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 Company
has a market cap of $31.39 billion; its shares were traded at
around $20.465 with a P/E ratio of 6.2 and P/S ratio of 0.2.
New Purchase: Chesapeake Energy Corporation (
CHK
)
Mohnish Pabrai initiated holdings in Chesapeake Energy
Corporation. His purchase prices were between $13.97 and $23.24,
with an estimated average price of $17.76. The impact to his
portfolio due to this purchase was 7.8%. His holdings were
1,005,000 shares as of 06/30/2012. 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 Corporation has a market cap
of $11.85 billion; its shares were traded at around $19.9881 with
a P/E ratio of 8 and P/S ratio of 1. The dividend yield of
Chesapeake Energy Corporation stocks is 2%. Chesapeake Energy
Corporation had an annual average earnings growth of 8% over the
past 10 years.
Sold Out: Terex Corporation (
TEX
)
Mohnish Pabrai sold out his holdings in Terex Corporation. His
sale prices were between $15.31 and $25.08, with an estimated
average price of $19.95. Terex Corp. is a global manufacturer of
a broad range of construction and mining related capital
equipment. Terex Corporation has a market cap of $2.12 billion;
its shares were traded at around $21.745 with a P/E ratio of 12
and P/S ratio of 0.3.
Sold Out: Potash Corp./saskatchewan (usa) (
POT
)
Mohnish Pabrai sold out his holdings in Potash Corp./saskatchewan
(usa). His sale prices were between $37.42 and $46.64, with an
estimated average price of $41.4. Potash Corporation of
Saskatchewan Inc. is the world's largest potash company, the
third largest phoshate producer and the second largest nitrogen
producer in the world. Potash Corp./saskatchewan (usa) has a
market cap of $36.75 billion; its shares were traded at around
$43.3 with a P/E ratio of 13 and P/S ratio of 4.2. The dividend
yield of Potash Corp./saskatchewan (usa) stocks is 1.3%. Potash
Corp./saskatchewan (usa) had an annual average earnings growth of
30.2% over the past 10 years. GuruFocus rated Potash
Corp./saskatchewan (usa) the business predictability rank of
5-star.
Sold Out: Capitalsource, Inc. (
CSE
)
Mohnish Pabrai sold out his holdings in Capitalsource, Inc.. His
sale prices were between $6.02 and $6.84, with an estimated
average price of $6.53. CapitalSource is a specialized commercial
finance company offering asset- based, senior, cash flow and
mezzanine financing to small and mid-sized borrowers through
three focused lending units: Corporate Finance, Healthcare
Finance, and Structured Finance. Capitalsource, Inc. has a market
cap of $1.62 billion; its shares were traded at around $7.15 with
a P/E ratio of 15.9 and P/S ratio of 2.7. The dividend yield of
Capitalsource, Inc. stocks is 0.6%.
Sold Out: Pinnacle Airlines Corp. (
PNCLQ
)
Mohnish Pabrai sold out his holdings in Pinnacle Airlines Corp..
His sale prices were between $0.07 and $0.71, with an estimated
average price of $0.27. Pinnacle Airlines Corp., a regional
airline, offers scheduled passenger service throughout the United
States. Pinnacle Airlines Corp. has a market cap of $1.8 million;
its shares were traded at around $0.05 . Pinnacle Airlines Corp.
had an annual average earnings growth of 9.6% over the past 10
years.
Here is the complete portfolio of Mohnish Pabrai. Also check out
the Undervalued Stocks, Top Growth Companies, and High Yield
stocks of Mohnish Pabrai.About GuruFocus: GuruFocus.com tracks
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