Dalal Street, LLC
Dalal Street, LLC is a hedge fund and investment management firm founded by Mohnish Pabrai. Headquartered in West Lake Hills, Texas, the firm manages Pabrai Investment Funds and several managed accounts. Its structure and philosophy are modeled after Warren Buffett’s original investment partnerships. With a small team of approximately 3 employees, Dalal Street, LLC serves high-net-worth individuals and institutional clients, focusing on fundamental, value-oriented investing strategies.
Investment Strategy
Dalal Street, LLC employs a value investing strategy rooted in deep fundamental analysis and concentration in high conviction ideas. The firm seeks to invest in undervalued businesses with strong competitive advantages, often holding positions for several years to realize long-term capital appreciation. Investments are made with an emphasis on capital preservation, modeled after the principles of Warren Buffett and Charlie Munger. The firm avoids unnecessary diversification, instead focusing on a small number of thoroughly researched holdings.
Top Holdings
Equity Positions (5)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
H HCC | WARRIOR MET COAL INC | 30.37% | $82.5M | 1,799,745 | $56.88 | $45.83 | -$3.4M |
V VAL | VALARIS LTD | 29.21% | $79.3M | 1,883,777 | $39.95 | $42.11 | +$23.3M |
A AMR | ALPHA METALLURGICAL RESOUR I | 19.06% | $51.8M | 460,327 | $192.72 | $112.48 | -$153.1K |
N NE | NOBLE CORP PLC | 16.90% | $45.9M | 1,728,744 | $23.70 | $26.55 | +$4.9M |
A AN | AUTONATION INC | 4.46% | $12.1M | 61,000 | $198.65 | $198.65 | +$12.1M |