Dalal Street

Q2 2017 13F · by Mohnish Pabrai, founder

As of: Jun 30, 2017
Filed: Aug 11, 2017
US stock: $405M · prev $389M
Positions: 6 · prev 7
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%

Moves4 since the prior filing

−1.7 pp in · −0.3 pp out

New 0 0.00 pp
Added 3 −1.72 pp
Trimmed 0 0.00 pp
Exited 1 −0.30 pp

The book

Very concentrated · behaves like 4 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 1.1% a year, more than 30 years per position

Low
Moderate
High

Top 5 positions95% of US stock

unresolved Fiat Chrysler Automobiles NV s added−1.86 pp added−1.8634.5%
unresolved General Mtrs Co added−1.66 pp added−1.6626.1%
GOOG Alphabet Inc. Class C held held14.9%
AER Aercap Holdings N.V. added+1.80 pp added+1.8011.5%
RACE Ferrari N.V. held held8.4%

Positions6 in this filing · 1 exited


unresolvedFiat Chrysler Automobiles NV s	34.45%	13,109,310	$139M	added+1%	−1.86 pp	11 q
unresolvedGeneral Mtrs Co	26.13%	6,079,051	$106M	added0%	−1.66 pp	17 q
GOOGAlphabet Inc. Class C	14.88%	66,228	$60M	held	—	11 q
AERAercap Holdings N.V.	11.48%	999,935	$46M	added+22%	+1.80 pp	5 q
RACEFerrari N.V.	8.44%	398,138	$34M	held	—	6 q
LUVSouthwest Airlines Co.	4.62%	300,975	$19M	held	—	4 q
SRGSeritage Growth Properties Class A of beneficial interest, par value $0.01	—	−27,002	—	exited	−0.30 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 2 unresolved
Accession: 0001549575-17-000009
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet