Dalal Street

Q3 2017 13F · by Mohnish Pabrai, founder

As of: Sep 30, 2017
Filed: Nov 13, 2017
US stock: $413M · prev $405M
Positions: 5 · prev 6
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%

Moves2 since the prior filing

+1.5 pp in · −26.1 pp out

New 0 0.00 pp
Added 1 +1.49 pp
Trimmed 0 0.00 pp
Exited 1 −26.13 pp

The book

Very concentrated · behaves like 3 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 2.3% a year, more than 30 years per position

Low
Moderate
High

Top 5 positions100% of US stock

unresolved Fiat Chrysler Automobiles NV s held held56.9%
GOOG Alphabet Inc. Class C held held15.4%
AER Aercap Holdings N.V. added+1.49 pp added+1.4913.0%
RACE Ferrari N.V. held held10.7%
LUV Southwest Airlines Co. held held4.1%

Positions5 in this filing · 1 exited


unresolvedFiat Chrysler Automobiles NV s	56.89%	13,109,310	$235M	held	—	12 q
GOOGAlphabet Inc. Class C	15.39%	66,228	$64M	held	—	12 q
AERAercap Holdings N.V.	12.97%	1,047,160	$54M	added+5%	+1.49 pp	6 q
RACEFerrari N.V.	10.66%	398,138	$44M	held	—	7 q
LUVSouthwest Airlines Co.	4.08%	300,975	$17M	held	—	5 q
unresolvedGeneral Mtrs Co	—	−6,079,051	—	exited	−26.13 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 1 unresolved
Accession: 0001549575-17-000014
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet