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Value GiantsValue investors’ 13F holdings, as a whole
Q2 2026 13FData as of Aug 18, 2026
Deep value

Mohnish Pabrai

Q2 2026 13F: 4 holdings worth about $326.7M; that quarter 1 new, 0 added, 2 trimmed, 0 sold out.

Firm: Dalal Street, LLC
Filer: Dalal Street, LLC CIK 1549575
Last filed: Aug 13, 2026 | Deep value | Counted in this quarter’s totals

13F lists only long positions in US-listed stocks (and some ETFs and convertibles); short positions, cash, bonds, shares listed outside the US and private companies are not shown, so this is not the giant’s whole portfolio.

Why This Giant Is Included

  • Rule numbers (Q2 2026): 4 holdings, top 10 = 100%, stocks $0.3B, options 0%; all four rules met
  • Source for the value approach: Investment Approach (Dhandho Funds LLC, dba Pabrai Wagons Advisors (Mohnish Pabrai)): “Do not pay fancy prices for great businesses.” (checked 2026-10-11)

Full selection rules →

13F value
$326.7M
previous $422.9M (−22.7%)
Holdings
4
1 new / 0 sold out
Net deploymentest.
−4.1%
est. net buying ÷ last quarter’s portfolio
Top-10 concentration
100%
overlap with the composite 2%
Turnoverest.
0.0%
held 7 quarters on average
I

Trades in Q2 2026

Sorted by position shift: how many percentage points of the portfolio the trade moved.

How to Read This

Share changes are split-adjusted. Est. trade price = (start + end price) ÷ 2; 13F does not show the actual trade date or price.

MoveCompanyChange in sharesChange %Position shift (pts)Start → end priceEst. trade price
TrimmedAMRAlpha Metallurgical Resources, Inc−62.5K−11%−3.16$205.27 → $164.94$185.10
TrimmedHCCWarrior Met Coal Inc−66.8K−4%−1.66$93.15 → $81.16$87.16
NewKSPIJoint Stock Co Kaspi.kz+1.7K—+0.05$74.07 → $86.64$80.36
II

All Holdings (4 Companies)

Share classes of one company are combined; click a heading to re-sort.

How to Read This

Est. average cost: shares bought each quarter × (start + end price) ÷ 2, weighted; trims do not change the cost. Positions held before Q1 1999 (or the giant’s earliest electronic filing) start from that quarter’s price and are marked ‘start point’. vs cost = quarter-end price ÷ est. average cost − 1, excluding dividends.

CompanySectorWeight (prev.)SharesValueThis quarterFirst boughtQuarters heldEst. avg costQuarter-end pricevs costHistory
HCCWarrior Met Coal IncEnergy43.3%39.9%1.74M$141.5MTrimmed −4%Q4 202311$58.58est.$81.16+39%History
RIGTransocean LtdEnergy30.5%32.0%20.40M$99.7MHeldQ3 20254$2.93est.$4.89+67%History
AMRAlpha Metallurgical Resources, IncEnergy26.1%28.1%517.2K$85.3MTrimmed −11%Q2 202313$181.85est.$164.94−9%History
KSPIJoint Stock Co Kaspi.kzIndustrials0.0%—1.7K$147KNewQ2 20261$80.36est.$86.64+8%History
III

Portfolio Map: Size Is Weight, Colour Is Gain or Loss against Cost

How to Read This

Each block is a company (up to 60); area = portfolio weight. The darker the colour, the further the quarter-end price is above (or below) the estimated cost: light 5–25%, medium 25–100%, darkest over 100%; grey is within 5%.

above costbelow costwithin 5%
Portfolio MapHCCWarrior Met Coal IncRIGTransocean LtdAMRAlpha Metallurgical Resources,…
IV

Over Time

From Q1 2012, 58 quarters (this giant’s electronic 13F filings).

13F Value

13F Value$0$200.0M$400.0MQ1 2012Q3 2013Q1 2015Q3 2016Q1 2018Q3 2019Q1 2021Q3 2022Q1 2024Q2 2026

Holdings

Holdings0510Q1 2012Q3 2013Q1 2015Q3 2016Q1 2018Q3 2019Q1 2021Q3 2022Q1 2024Q2 2026

Top-10 Concentration

Top-10 Concentration0%25%50%75%100%Q1 2012Q3 2013Q1 2015Q3 2016Q1 2018Q3 2019Q1 2021Q3 2022Q1 2024Q2 2026

Turnover (Est.)

Turnover0%20%40%60%Q1 2012Q3 2013Q1 2015Q3 2016Q1 2018Q3 2019Q1 2021Q3 2022Q1 2024Q2 2026

Sector Mix

Information technologyFinancialsCommunication & mediaConsumer discretionaryIndustrialsHealth careEnergyOther (incl. unclassified)
Sector Mix0%25%50%75%100%Q1 2012Q3 2013Q1 2015Q3 2016Q1 2018Q3 2019Q1 2021Q3 2022Q1 2024Q2 2026
V

Quarter by Quarter, with the Original Filings

* = not counted in that quarter’s totals. Links open the original SEC filing; 13F-HR/A is an amendment.

Show 58 Quarters
QuarterHoldingsNewSold out13F valueTurnoverNet deploymentSEC
Q2 2026410$326.7M0.0%−4.1%13F-HR
Q1 2026301$422.9M2.0%−15.3%13F-HR
Q4 2025401$402.0M3.1%−7.7%13F-HR
Q3 2025511$336.9M26.2%−4.2%13F-HR
Q2 2025510$271.6M0.0%+14.9%13F-HR
Q1 2025421$234.8M30.8%+14.5%13F-HR
Q4 2024302$253.4M10.8%+13.8%13F-HR
Q3 2024510$246.9M21.9%+15.4%13F-HR
Q2 2024400$232.8M8.0%+16.3%13F-HR
Q1 2024400$215.7M1.5%−8.9%13F-HR
Q4 2023410$248.1M8.1%+26.4%13F-HR
Q3 2023310$169.6M0.0%+63.7%13F-HR
Q2 2023223$73.4M74.4%−42.4%13F-HR
Q1 2023301$121.3M1.6%−15.2%13F-HR
Q4 2022410$120.6M0.0%+26.5%13F-HR
Q3 2022310$98.8M0.0%+7.6%13F-HR
Q2 2022200$100.8M0.0%−0.1%13F-HR
Q1 2022200$142.3M0.0%−21.0%13F-HR
Q4 2021201$216.6M9.9%−2.4%13F-HR
Q3 2021300$190.8M0.9%−12.8%13F-HR
Q2 2021300$277.7M0.0%+7.8%13F-HR
Q1 2021310$262.0M9.4%+8.2%13F-HR
Q4 2020200$206.3M0.0%0.0%13F-HR
Q3 2020200$149.1M0.0%0.0%13F-HR
Q2 2020211$147.7M5.2%+53.7%13F-HR
Q1 2020201$80.8M0.0%−47.3%13F-HR
Q4 2019300$271.2M0.6%−7.2%13F-HR
Q3 2019300$261.3M6.2%−12.8%13F-HR
Q2 2019310$294.1M1.2%+18.9%13F-HR
Q1 2019200$264.8M0.0%+20.4%13F-HR
Q4 2018210$206.8M0.0%+9.2%13F-HR
Q3 2018101$229.5M0.0%−18.0%13F-HR
Q2 2018200$301.8M0.0%0.0%13F-HR
Q1 2018203$316.8M0.0%−27.9%13F-HR
Q4 2017500$385.8M0.0%−8.0%13F-HR
Q3 2017501$412.7M0.6%−29.3%13F-HR
Q2 2017601$404.5M0.3%+2.4%13F-HR
Q1 2017700$389.0M6.5%+0.1%13F-HR
Q4 2016701$347.1M0.6%−14.9%13F-HR
Q3 2016810$338.1M6.3%−0.6%13F-HR
Q2 2016712$296.3M6.0%+0.9%13F-HR
Q1 2016821$345.1M4.7%+16.1%13F-HR
Q4 2015722$379.1M15.5%−8.0%13F-HR
Q3 2015700$377.1M0.0%0.0%13F-HR
Q2 2015701$474.6M0.0%−0.5%13F-HR
Q1 2015803$535.9M9.8%−12.1%13F-HR
Q4 20141120$552.4M15.7%+31.5%13F-HR
Q3 2014922$414.0M0.1%−9.5%13F-HR
Q2 2014910$480.8M14.9%−0.7%13F-HR
Q1 2014820$464.1M0.3%−8.6%13F-HR
Q4 2013600$543.9M1.5%+2.3%13F-HR
Q3 2013 *600$459.7M0.0%0.0%13F-HR
Q2 2013 *660$421.3M——13F-HR
Q1 2013 *000$0——13F-HR
Q4 2012 *000$0——13F-HR 13F-HR/A
Q3 2012 *006$00.0%−106.1%13F-HR
Q2 2012 *624$240.6M25.4%−7.8%13F-HR
Q1 2012 *800$324.7M——13F-HR
VI

Large Positions Sold Out

Positions that once made up 2% or more of the portfolio and were later sold out (latest 40): holding period and what became of the company, without profit or loss.

How to Read This

Sold out means the holding no longer appears on the 13F: it may have been sold, or the company was acquired or delisted. Company status is checked only for companies the giants together once held $100M or more of, from the company’s own SEC filings (for example 8-K item 1.03 = bankruptcy filing); a dash means not checked.

CompanyHeldPeak weightCompany since
VALValaris LtdQ1 2025 – Q1 202629%—
NENoble Corp plcQ1 2025 – Q4 202517%—
ANAutoNation IncQ2 2025 – Q3 20254%—
—Core Natural Resources, IncQ2 2023 – Q1 202533%Still filing with the SEC
ARCHArch Resources IncQ3 2023 – Q4 202426%—
MUMicron Technology IncQ4 2018 – Q2 2023100%—
SRGSeritage Growth PropertiesQ2 2020 – Q2 202343%Still filing with the SEC
BNBrookfield CorpQ3 2022 – Q2 202321%—
BAMBrookfield Asset Management LtdQ4 2022 – Q1 20234%—
BABAAlibaba Group Holding LtdQ1 2021 – Q4 202121%—
—Stellantis N.V.Q4 2014 – Q2 2020100%Still filing with the SEC
EAFGraftech International LtdQ2 2019 – Q1 202027%—
RACEFerrari N.VQ1 2016 – Q3 201818%—
GOOGLAlphabet IncQ4 2015 – Q1 201816%—
AERAerCap Holdings N.VQ2 2016 – Q1 201813%—
LUVSouthwest Airlines CoQ3 2016 – Q1 20186%Still filing with the SEC
GM.WS.BGeneral MOTORS-CW19Q2 2013 – Q3 201728%No SEC record found
SRGSeritage Growth PropertiesQ1 2016 – Q2 20179%Still filing with the SEC
BRK.BBerkshire Hathaway IncQ4 2015 – Q4 20164%—
—WL Ross Hldg CorpQ3 2014 – Q2 20164%—
ZINCQAmerican Zinc Recycling LLCQ2 2013 – Q1 201625%Bankruptcy filing while held or within 2 years of the sale Feb 2, 2016
PKXPosco Holdings IncQ2 2014 – Q4 201517%Still filing with the SEC
—Google LLCQ4 2014 – Q4 201511%Acquired or delisted Feb 12, 2016
CCitigroup IncQ2 2013 – Q2 201518%—
BACBank of America CorpQ2 2013 – Q1 201523%—
—Expand Energy CorpQ2 2013 – Q3 201418%Bankruptcy filing; the company kept filing Jun 29, 2020
GSGoldman Sachs Group IncQ2 2013 – Q3 20145%—