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Dalal Street, LLC

CIK:0001549575
Hedge Fund
$1B AUM
5 holdings
West Lake Hills, TX, United States
Founded:2000
3 employees
Latest filing:Jun 30, 2025

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.

Latest 13F Filing Activity

Dalal Street, LLC filed their most recent 13F report on Jun 30, 2025 disclosing 5 equity positions with a total 13F market value of $272M. The fund increased holdings in Valaris LTD, Autonation Inc., Noble Corp. PLC among other positions. Dalal Street, LLC reduced exposure to Warrior Met Coal Inc., Alpha Metallurgical Resour I, Noble Corp. PLC among others.

Top Buys
V
VALVALARIS LTD
+$23.3M
A
ANAUTONATION INC
+$12.1M
N
NENOBLE CORP PLC
+$4.9M
H
HCCWARRIOR MET COAL INC
-$3.4M
A
AMRALPHA METALLURGICAL RESOUR I
-$153.1K
Top Sells
V
VALVALARIS LTD
+$23.3M
A
ANAUTONATION INC
+$12.1M
N
NENOBLE CORP PLC
+$4.9M
H
HCCWARRIOR MET COAL INC
-$3.4M
A
AMRALPHA METALLURGICAL RESOUR I
-$153.1K

Top Holdings

H
HCCWARRIOR MET COAL INC
+30.4%$82.5M
V
VALVALARIS LTD
+29.2%$79.3M
A
AMRALPHA METALLURGICAL RESOUR I
+19.1%$51.8M
N
NENOBLE CORP PLC
+16.9%$45.9M
A
ANAUTONATION INC
+4.5%$12.1M

Equity Positions (5)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
WARRIOR MET COAL INC30.37%$82.5M1,799,745$56.88$45.83-$3.4M
VALARIS LTD29.21%$79.3M1,883,777$39.95$42.11+$23.3M
ALPHA METALLURGICAL RESOUR I19.06%$51.8M460,327$192.72$112.48-$153.1K
NOBLE CORP PLC16.90%$45.9M1,728,744$23.70$26.55+$4.9M
AUTONATION INC4.46%$12.1M61,000$198.65$198.65+$12.1M

Industry Allocation

DRILLING OIL & GAS WELLS
+42.1%
SILVER ORES
+34.0%
BITUMINOUS COAL & LIGNITE SURFACE MINING
+25.9%