Dalal Street

I. Institutional Overview

The latest institutional holdings report for Mohnish Pabrai’s Dalal Street, as of the portfolio date of March 31, 2026, reveals an investment vehicle that continues to embody the purest form of high-conviction, concentrated value investing. With a total reported portfolio market value of approximately $422.89 million, Dalal Street operates with a level of...

A defining characteristic of this quarter’s report is the extreme concentration of the portfolio. Holding only 3 distinct positions, Dalal Street represents the antithesis of the modern diversified index-tracking approach. In the world of institutional finance, a portfolio with fewer than 30 stocks is typically considered concentrated; a portfolio with only...

The scale of the institution, currently sitting at $422.89 million, reflects a stable but highly focused capital base. Unlike mega-funds that manage tens of billions and are forced by their size to diversify across hundreds of names, Dalal Street’s mid-sized AUM allows it to remain nimble within niche sectors like metallurgical coal and offshore drilling....