Dalal Street

Q2 2015 13F · by Mohnish Pabrai, founder

As of: Jun 30, 2015
Filed: Aug 11, 2015
US stock: $475M · prev $536M
Positions: 7 · prev 8
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves5 since the prior filing

−0.6 pp in · −0.4 pp out

New 0 0.00 pp
Added 3 −0.63 pp
Trimmed 1 +0.13 pp
Exited 1 −0.51 pp

The book

Very concentrated · behaves like 4 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 0.1% a year, more than 30 years per position

Low
Moderate
High

Top 5 positions96% of US stock

unresolved Fiat Chrysler Automobiles NV s held held42.3%
unresolved General Mtrs Co added−1.82 pp added−1.8220.1%
unresolved Horsehead Hldg Corp held held15.6%
PKX POSCO Holdings Inc. trimmed+0.13 pp trimmed+0.1310.2%
GOOG Alphabet Inc. Class C added+0.53 pp added+0.537.6%

Positions7 in this filing · 1 exited


unresolvedFiat Chrysler Automobiles NV s	42.25%	13,800,220	$201M	held	—	3 q
unresolvedGeneral Mtrs Co	20.13%	5,988,977	$96M	added0%	−1.82 pp	9 q
unresolvedHorsehead Hldg Corp	15.64%	6,333,296	$74M	held	—	9 q
PKXPOSCO Holdings Inc.	10.16%	982,280	$48M	trimmed−0%	+0.13 pp	5 q
GOOGAlphabet Inc. Class C	7.59%	69,188	$36M	added0%	+0.53 pp	3 q
unresolvedWl Ross Hldg Corp	3.56%	1,485,288	$17M	added0%	+0.66 pp	4 q
unresolvedWl Ross Hldg Corp	0.68%	310,386	$3M	held	—	4 q
CCitigroup Inc.	—	−53,000	—	exited	−0.51 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 5 unresolved
Accession: 0001549575-15-000007
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet