Pabrai Mohnish Starts New $43 Million Q3 Position in Bank of America Shares

Wall St. Watchdog reveals information regarding Pabrai Mohnish’s top holdings for the quarter ending September 30th, 2011. The firm held 15 stocks at the end of the quarter with an aggregate market value of $230.615 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 Infrastructure Partners L.p. (NYSE:BIP): On 06/30/2011, Pabrai Mohnish reported holding 1,769,760 shares with a market value of $44,332,487. This comprised 18.22% of the total portfolio. On 09/30/2011, Pabrai Mohnish reported holding 1,767,960 shares with a market value of $43,032,147. This comprised 18.66% of the total portfolio. The net change in shares for this position over the two quarters is -1,800. About Company: Brookfield Infrastructure Partners LP owns and operates infrastructure assets. The Company operates electricity transmission systems, and timber assets.
  • 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.
  • 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.
  • Cresud Inc. (NASDAQ:CRESY): On 06/30/2011, Pabrai Mohnish reported holding 1,286,361 shares with a market value of $20,890,502. This comprised 8.59% of the total portfolio. On 09/30/2011, Pabrai Mohnish reported holding 1,027,887 shares with a market value of $11,121,737. This comprised 4.82% of the total portfolio. The net change in shares for this position over the two quarters is -258,474. About Company: Cresud S.A.C.I.F.y A. purchases and leases farms in Argentina’s Pampas region, and produces agricultural products. The Company cultivates grains including wheat, corn, soybeans, and sunflowers, raises beef and dairy cattle, and produces milk.
  • 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.
  • Pinnacle Airlines Corp. (NASDAQ:PNCL): On 06/30/2011, Pabrai Mohnish reported holding 1,985,902 shares with a market value of $9,015,995. This comprised 3.71% of the total portfolio. On 09/30/2011, Pabrai Mohnish reported holding 1,985,902 shares with a market value of $5,818,693. This comprised 2.52% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Pinnacle Airlines Corporation is a holding company that operates through its wholly owned subsidiaries.
  • Brookfield Residential Properties Inc. Common Stock (BRP): On 06/30/2011, Pabrai Mohnish reported holding 241,573 shares with a market value of $2,396,404. This comprised 0.99% of the total portfolio. On 09/30/2011, Pabrai Mohnish reported holding 241,573 shares with a market value of $1,606,460. This comprised 0.7% of the total portfolio. The net change in shares for this position over the two quarters is 0.

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

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