Mohnish Pabrai Portfolio — Q4 2025 Patience in Action

This pie chart showcases Pabrai’s ultra‑concentrated Q4 2025 allocation, with Warrior Met Coal (39.47%), Transocean (27.78%), Alpha Metallurgical Resources (27%), and Valaris (5.76%) making up nearly the entire portfolio. The focus on coal and offshore drilling reflects his contrarian style, built on waiting patiently for deep‑value opportunities to play out.

Takeaway

The Mohnish Pabrai portfolio demonstrates his hallmark discipline — concentrated bets, long holding periods, and conviction in sectors others often overlook.

Analysis

• Coal conviction: Warrior Met and Alpha Metallurgical dominate, signaling belief in cyclical upside despite ESG headwinds.
• Energy exposure: Transocean and Valaris highlight confidence in offshore drilling’s rebound potential.
• Ultra‑focused strategy: Just four positions make up ~100% of the portfolio, underscoring Pabrai’s preference for clarity over diversification.
• Patience principle: True to his philosophy, the portfolio reflects waiting for “the right pitch” rather than chasing momentum.

This snapshot captures Pabrai’s contrarian patience — concentrated, disciplined, and designed for long‑term payoff.