Mohnish Pabrai Portfolio in 2025
Mohnish Pabrai is a 61-year-old Indian-American investor, businessman, and philanthropist who has built his reputation as one of the most successful disciples of Warren Buffett’s value investing philosophy. Born in Mumbai on June 12, 1964, Pabrai has transformed from an IT entrepreneur into a renowned fund manager who openly embraces the strategy of “cloning” successful investors.
List of Stocks in Mohnish Pabrai’s Latest Portfolio
As of March 2025, Mohnish Pabrai’s latest Indian portfolio held the following stocks:
| Stocks in the Mohnish Pabrai Portfolio | June 2025 (%) | Value (in cr) |
|---|---|---|
| Edelweiss Financial Services Ltd | 1.22 | 110.03 |
Disclaimer: Please note that the above table is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.
Who is Mohnish Pabrai?
Mohnish Pabrai is a 61-year-old Indian-American investor, businessman and philanthropist who has built a reputation as one of the most successful followers of Warren Buffett’s value investing philosophy.
- Born in Mumbai on June 12, 1964, Pabrai was an IT entrepreneur who has morphed into a well-known fund manager who openly clones successful investors.
- He moved to the US in 1983 for college and graduated with a degree in Computer Engineering from Clemson University.
- He worked at Tellabs from 1986 to 1991 and then founded TransTech Inc. in 1991, using $30,000 from his 401(k) and $70,000 from credit card debt.
- The IT consulting and systems integration company grew to over $20 mn in revenue before being sold to Kurt Salmon Associates for $20 mn in 2000.
Mohnish Pabrai Portfolio: Sector-Wise Investment
As of the latest available data, Mohnish Pabrai’s portfolio is sector agnostic. Here’s the sector breakdown of his current portfolio:
- Coal & Metallurgical Resources: He has significant stakes in Warrior Met Coal and Alpha Metallurgical Resources, in undervalued commodity companies with strong steel industry demand.
- Oil & Gas / Offshore Drilling: He has positions in Valaris Ltd and Noble Corp, so he’ll benefit from offshore drilling recovery and rising energy demand.
- Others: A very small portion of his portfolio is in other sectors. This is his concentrated portfolio in resources and energy.
Mohnish Pabrai Net Worth Trend
Mohnish Pabrai’s net worth has experienced notable fluctuations over the years, reflecting both his investment strategies and changing market conditions. Here’s an overview of the trend:
- 2020: Global pandemic caused a 47% drop in his net worth, reflecting widespread economic uncertainty.
- 2021: Further 25% decline from ongoing market volatility and portfolio changes.
- 2023: Strong rebound to approximately ₹1,202.7 cr. This shows Pabrai’s concentrated portfolio strategy.
- 2024: Decrease to about ₹499.33 cr, likely due to market challenges or portfolio adjustments.
- March 2025: Net worth recovered back to ₹1,202.7 cr ($140.47 mn), marking a significant recovery.
The Art of Cloning
Pabrai is most famous for openly advocating “cloning” – studying and replicating the investment strategies of successful investors like Warren Buffett and Charlie Munger. He says cloning isn’t copying, but understanding the reasoning behind a proven successful strategy.
“Most humans have a strong aversion to cloning… They almost think it’s like copying,” Pabrai says, but he points to companies like Microsoft and Apple as successful examples of strategic cloning.
Mohnish Pabrai Investment Philosophy
Mohnish Pabrai’s investment philosophy, outlined in his bestselling book “The Dhandho Investor: The Low-Risk Value Method to High Returns” (2007). It discusses Mohnish Pabrai’s investment principles on nine core principles:
- Invest in existing businesses with proven track records
- Focus on simple industries with slow rates of change
- Buy distressed businesses in distressed industries when they’re unloved
- Seek businesses with durable competitive moats
- Make a few bets, big bets, infrequent bets when odds are favourable
- Focus on arbitrage opportunities between price and value
- Buy at significant discounts to intrinsic value
- Look for low-risk, high-uncertainty situations
- Be a copycat rather than an innovator
The Dhandho explains how to apply for low-risk stocks, utilising tactics calculated by Gujarati entrepreneurs that focus on cash flows, intrinsic value, and durable advantages. Moreover, Mohnish Pabrai’s “Heads I win, tails I don’t lose much” is a famous principle. It is Pabrai’s approach to asymmetric bets where potential upside significantly outweighs downside risk.
Investment Strategy of Mohnish Pabrai
Mohnish Pabrai has developed a distinctive investment strategy influenced by the principles of Warren Buffett and Charlie Munger. Pabrai’s concentrated portfolio strategy includes:
- Cloning Successful Investors: Pabrai follows strategies of proven investors like Buffett and Munger, reducing errors by adopting time-tested investment methods.
- Focus on Undervalued Companies: He targets quality businesses trading far below intrinsic value, aiming to buy strong fundamentals at bargain prices.
- Concentrated Portfolio: Prefers a small number of thoroughly researched high-conviction stocks, enabling better monitoring and a deeper understanding of each investment.
- Long-Term Perspective: Holds investments for years, giving businesses time to reach fair value and benefiting from compounding returns.
- Margin of Safety: Buys securities significantly below intrinsic value, creating a protective cushion against mistakes or unforeseen adverse events.
- Avoiding Short Selling: Focuses only on long-term ownership, avoiding short selling due to unlimited risk and limited profit potential.
- Mohnish Pabrai’s Investment Checklist Approach: Uses a detailed investment checklist to prevent common errors and ensure disciplined, thorough decision-making before investing.
Learnings from Mohnish Pabrai Investment Portfolio
- Focus on High-Quality Businesses in Specific Sectors: Pabrai invests mainly in financial services, real estate, and industrial materials in India, targeting sectors with strong growth potential.
- Patience Pays Off: He holds quality Indian stocks long-term to allow intrinsic value to materialise, avoiding short-term speculative moves.
- Timing Your Exits is Crucial: Pabrai reviews company fundamentals regularly and exits when valuations or business prospects no longer support ownership.
- Understand the Local Market Dynamics: He considers India’s unique regulatory, economic, and volatility factors before investing to align with local risks and opportunities.
- Stay Disciplined During Market Volatility: Despite portfolio ups and downs, Pabrai stays committed to his strategy, avoiding impulsive reactions to market swings.
- Learn from Global Investors, but Localise Strategies: While inspired by global value principles, Pabrai tailors his investments to India’s specific economic growth sectors and risks.
To Wrap It Up…
Mohnish Pabrai’s investment portfolio provides a masterclass in the principles of value investing. His approach is rooted in patience, discipline, and the focus on undervalued opportunities, which offer timeless lessons for investors seeking sustainable wealth creation. Mohnish Pabrai’s portfolio is not just a collection of stocks, but it reflects a philosophy that prioritises rationality and long-term vision over impulsive market behaviour.
Frequently Asked Questions About Mohnish Parbai
In The Dhandho Investor, Pabrai explains low-risk, high-return value investing principles inspired by Gujarati entrepreneurs, simplicity, margin of safety and long-term discipline.
Pabrai’s concentrated portfolio strategy follows value investing principles inspired by Warren Buffett, concentrating on portfolios of distressed industries and undervalued companies with durable advantages and a margin of safety. This is evident in Pabrai Investment Funds, where he avoids speculation and goes for long-term investments.
As of March 2025, Mohnish Pabrai’s net worth is ₹1,202.7 cr as per public disclosures like the Q1 2025 portfolio and other investments.
Yes, Pabrai is a successful investor and has delivered strong returns through his disciplined value investing approach. His track record is in line with Pabrai’s value investing guidelines, which prioritise fundamentals and margin of safety.
Dhandho Arbitrage is a strategy of finding opportunities with minimal risk and maximum returns. It involves exploiting temporary market inefficiencies like mispriced assets or special situations, as per Mohnish Pabrai’s investment philosophy of limiting downside and keeping upside substantial.
Yes, Pabrai has authored The Dhandho Investor and Mosaic: Perspectives on Investing (2012), offering modern insights on value investing. Both books are widely read and translated into multiple languages.
