Mohnish Pabrai's top holdings (December 2025) include Warrior Met Coal Inc (HCC), a leading producer and exporter of metallurgical coal used in steelmaking.

Mohnish Pabrai is the founder and managing partner of Pabrai Investment Funds. He is known for his focused, value-oriented investment approach, often seeking out-of-favor companies that he believes are trading below their intrinsic value. His firm manages capital with a concentrated portfolio strategy.

Warrior Met Coal Inc (HCC)

Warrior Met Coal is a prominent U.S. supplier of high-quality metallurgical coal for the global steel industry. The company operates underground mines and prepares coal for export to customers worldwide. Warrior Met Coal has a market capitalization of $4.27 billion. Mohnish Pabrai's position in the company is currently valued at $140.91 million. Analysts tracking the company have a price target of $67.67, and discounted cash flow analysis suggests a value of $170.4 per share.
Here's an overview of Mohnish Pabrai's trades in Warrior Met Coal Inc:

Transocean Ltd (RIG)

Transocean is a major international provider of offshore contract drilling services for oil and gas wells. The company owns and operates one of the world's most versatile fleets of mobile offshore drilling units. The company's market cap stands at $3.59 billion. This holding in Mohnish Pabrai's portfolio is currently worth $107.3 million. Analysts have set a price target of $4.25 for Transocean, while a discounted cash flow analysis indicates a value of $2.2 per share.
Here's an overview of Mohnish Pabrai's trades in Transocean Ltd:

Alpha Metallurgical Resources Inc (AMR)

Alpha Metallurgical Resources is a metallurgical coal producer operating across Central Appalachia. The company primarily supplies metallurgical coal to steelmakers and thermal coal to electric utilities. With a market capitalization of $2.21 billion, Alpha Metallurgical Resources holds a significant position in the industry. The current value of Mohnish Pabrai's position is $84.7 million. The company's discounted cash flow analysis suggests a value of $114.36 per share.
Here's an overview of Mohnish Pabrai's trades in Alpha Metallurgical Resources Inc:

Valaris Ltd (VAL)

Valaris is an offshore drilling company that provides a range of offshore drilling services to customers worldwide. Their fleet includes drillships, jackups, and semi-submersibles. Valaris has a market capitalization of $3.86 billion. Mohnish Pabrai's position is currently valued at $60.15 million. Analysts covering the company have a price target of $53.3, and discounted cash flow analysis indicates a value of $-75.83 per share.
Here's an overview of Mohnish Pabrai's trades in Valaris Ltd:

Noble Corp Plc - Ordinary Shares - Class A (NE)

Noble Corp. is an offshore drilling contractor for the oil and gas industry globally. They operate a modern fleet of offshore drilling units, including jackups and floaters, supporting exploration and production activities. The company's market cap is $4.64 billion. Mohnish Pabrai's holding in Noble Corp. is currently worth $7.32 million. Analysts have set a price target of $31.5 for the company, and discounted cash flow analysis suggests a value of $38.56 per share.
Here's an overview of Mohnish Pabrai's trades in Noble Corp Plc: