Pabrai Mohnish Reduces Shares of Potash in Quarterly Report

Wall St. Watchdog reveals information regarding Pabrai Mohnish’s top holdings in the Basic Materials sector for the quarter ending September 30th, 2011. The firm held 4 stocks in the Basic Materials sector at the end of the quarter with an aggregate market value of $45.278 million.

  • Potash Corp. Of Saskatchewan Inc. (NYSE:POT): On 06/30/2011, Pabrai Mohnish reported holding 994,854 shares with a market value of $56,696,731. This comprised 23.31% of the total portfolio. On 09/30/2011, Pabrai Mohnish reported holding 796,000 shares with a market value of $34,403,121. This comprised 14.92% of the total portfolio. The net change in shares for this position over the two quarters is -198,854. About Company: Potash Corporation of Saskatchewan Inc. produces potash, phosphate, and nitrogen to the agricultural and industrial industries worldwide. The Company conducts operations in Canada, Chile, the United States, Brazil, and Trinidad.
  • Horsehead Holding Corp. (NASDAQ:ZINC): On 06/30/2011, Pabrai Mohnish reported holding 1,357,498 shares with a market value of $18,081,873. This comprised 7.43% of the total portfolio. On 09/30/2011, Pabrai Mohnish reported holding 1,357,498 shares with a market value of $10,072,635. This comprised 4.37% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Horsehead Holding Corporation produces specialty zinc and zinc-based products. The Company also owns and operates a 110 megawatt coal-fired power plant. Horsehead’s products are used in a wide variety of applications, including the galvanizing of fabricated steel products and as components in rubber tires, alkaline batteries, paint, chemicals and pharmaceuticals.
  • Harvest Natural Resources Inc. (NYSE:HNR): On 06/30/2011, Pabrai Mohnish reported holding 71,401 shares with a market value of $787,553. This comprised 0.32% of the total portfolio. On 09/30/2011, Pabrai Mohnish reported holding 55,501 shares with a market value of $475,644. This comprised 0.21% of the total portfolio. The net change in shares for this position over the two quarters is -15,900. About Company: Harvest Natural Resources, Inc. is an independent oil and gas exploration and development company with principal operations in Venezuela and Russia.
  • Posco (NYSE:PKX): On 06/30/2011, Pabrai Mohnish reported holding 70,701 shares with a market value of $7,679,543. This comprised 3.16% of the total portfolio. On 09/30/2011, Pabrai Mohnish reported holding 4,301 shares with a market value of $326,919. This comprised 0.14% of the total portfolio. The net change in shares for this position over the two quarters is -66,400. About Company: POSCO manufactures various types of steel products. The Company produces hot rolled steel, cold rolled steel, stainless steel, and other forms of steel. The products are mainly used for automobile, construction, and shipbuilding industries.

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

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