Pabrai Mohnish’s Likes These Financial Companies Most in 13F Filing

Wall St. Watchdog reveals information regarding Pabrai Mohnish’s top holdings in the Financial sector for the quarter ending September 30th, 2011. The firm held 5 stocks in the Financial sector at the end of the quarter with an aggregate market value of $122.504 million.

  • Bank Of America Corporation (NYSE:BAC): On 06/30/2011, Pabrai Mohnish reported holding 0 shares. On 09/30/2011, Pabrai Mohnish reported holding 7,053,551 shares with a market value of $43,167,731. This comprised 18.72% of the total portfolio. The net change in shares for this position over the two quarters is 7,053,551. About Company: Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary.
  • Brookfield Properties Corporation (NYSE:BPO): On 06/30/2011, Pabrai Mohnish reported holding 2,359,266 shares with a market value of $45,486,650. This comprised 18.7% of the total portfolio. On 09/30/2011, Pabrai Mohnish reported holding 2,359,215 shares with a market value of $32,486,392. This comprised 14.09% of the total portfolio. The net change in shares for this position over the two quarters is -51. About Company: Brookfield Properties Corporation owns, develops, and manages North American office properties. The Company’s portfolio comprises various commercial properties and development sites, including the World Financial Center in New York.
  • Wells Fargo & Company (NYSE:WFC): On 06/30/2011, Pabrai Mohnish reported holding 374,415 shares with a market value of $10,506,085. This comprised 4.32% of the total portfolio. On 09/30/2011, Pabrai Mohnish reported holding 1,225,101 shares with a market value of $29,549,437. This comprised 12.81% of the total portfolio. The net change in shares for this position over the two quarters is 850,686. About Company: Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, leasing, credit cards, and consumer finance. The Company operates through physical stores, the Internet and other distribution channels across North America and elsewhere internationally.
  • Capitalsource Inc. (NYSE:CSE): On 06/30/2011, Pabrai Mohnish reported holding 2,813,141 shares with a market value of $18,144,759. This comprised 7.46% of the total portfolio. On 09/30/2011, Pabrai Mohnish reported holding 2,813,141 shares with a market value of $17,272,685. This comprised 7.49% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: CapitalSource Inc. provides loans to small and medium-sized businesses. The Company seeks to lend to businesses that require customized and sophisticated debt financing. CapitalSource offers a variety of loan products, including senior asset-based loans, senior cash flow loans, mortgage loans and mezzanine loans.
  • The Goldman Sachs Group Inc. (NYSE:GS): On 06/30/2011, Pabrai Mohnish reported holding 230,835 shares with a market value of $30,722. This comprised 0.01% of the total portfolio. On 09/30/2011, Pabrai Mohnish reported holding 289,933 shares with a market value of $27,413. This comprised 0.01% of the total portfolio. The net change in shares for this position over the two quarters is 59,098. About Company: The Goldman Sachs Group, Inc., a bank holding company, is a global investment banking and securities firm specializing in investment banking, trading and principal investments, asset management and securities services. The Company provides services to corporations, financial institutions, governments, and high-net worth individuals.

(Note: Data regarding Pabrai Mohnish’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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